Bitcoin Forum

Your Opinion,

Let it happen.

BTC

In my opinion, it could easily happen. Hopefully, the increase will reflect a stable, fair market price and encourage businesses and trade to adopt bitcoin as a medium of exchange, rather than volatile speculation or pressure from nefarious influences (for example, Cryptolocker).

Unless the bitcoin killer--that is, the money that makes bitcoin obsolete and irrelevant--occurs within this decade, I expect the price to climb to insane levels, taking into account the exponentially increasing popularity of this software (i.e. more wealth being denoted with bitcoin) coupled with the USD's hyperinflation to the tune of 1 trillion indebted annually.

Since all fiat currencies go to zero...the only thing that could stop Bitcoin from hitting $10k is Bitcoin.

By now it is ok 1k and slowly growing.

On Christmas and new year eve maybe hit even more than 10k , but it may fall in first quarter of 2014

Not as bullish as most people here, but a deflating currency v an inflating currency by design. Unless one ceases to exist, sure I imagine that will happen.

Max Keiser has speculated $700,000

He's low-balling it :P

What ?, for one bitcoin :o

Holly crap I remember when btc used to be 10 dollars a pop I still have my wallet on my pc with 5 bitcoins just got to remember the password. Man I'm so glad I bough that btc now

yea 2025 maybe or later    ::)

Dude I didn't even think that it would have reached 1000 but now that it has I think it is possible

I heard people saying that in a couple of year that it would reach 100,000 dollars

BTC will grow a lot. one million  ??? who knows, we'll see, let's just let our BTC sleep a while like 5 years atleast

I'm going to say that'll happen after a very long period of time after Bitcoin overcomes the hurdles of wallet security for non savvy users and mass adoption. Personally, I think it might be like 6-7 years at best, but hopefully I'm still there to see it.

I'm wondering how much will this cryptocurrency hype last? ::) Will it vanish as it appeared or it's here to stay?

Well to vanish would be hard as so many top dev guys from around the world are gonna make sure that won't happen. As value increases the best can be paid for,no austerity here!
Rapid growth is worrysome tho'

i thought it would crash at 300
then 600
then 900

it will not crash
it will go to the moon and take us with it

Here's my take:

Look at the exchanges we use to trade stocks.

Now look at crypto currency exchanges.

Notice the difference? Would lag and downtime be acceptable?

I think in the next 5 years etrade or tdameritrade will get into cryptos. when that happens and everyone is talking about crypto coins like the they did back in 1999 pre-internet bubble days...it will go ballistic as everyone will be wanting to invest in it.

Could very easily go 100k when that happens.

I think it will go 5-10k in 2014 before any of that happens as more people find out about it and start buying. That's not to say there won't be boom or bust cycles...but the long trend is always up.

This can be achieved easily. It's allready above 1000$ as we speak.  The more exposure bitcoin gets in the news the more people are intested in buying them, which will increase in the long run.

I agree adoption is key. Forecasting of adoption rate might tell a lot about future value of BTC.

Quite possibly. It will crash a few times in the meantime though. IMO, multiple cryptocurrencies will inflate and deflate in relation to BTC and help stabilize the market. My eyes are on FTC.

I don't think so.
Not soon at least :P

Does it have the potential to reach $10k? Of course!
Will it reach $10k? No idea.  The way BTC is going and the strong adoption suggests that it is possible, but it depends now on the market adoption of BTC and if governments are going to intervene on it.

If btc price is going to reach such a high value, it should have a lot of new use

rising from morning this maybe is the 3rd coin or maybe not will see in few months

the more it is adopted there is a possibility it will rise more

And then 100k usd?
It will take years to reach 10k if it suceed to go that high :O

I learned about Bitcoin near the beginning of the year and mostly ignored it and wrote it off as a silly game.  Then I started seeing more and more news articles, friends on facebook posting about them, and even my friends talking about them.  It seemed like the news of them just wouldn't go away.  It was then that I finally decided to really learn about them and I did a lot of reading and watched a bunch of youtube videos.  It wasn't after I understood it combined with the ever growing news about them that I decided to buy a couple which at that time were about $125 each.  Well the news hasn't slowed down and I just keep hearing more and more about new services, sites that accept them, etc.  For this reason I do not think bitcoin is at all a fad and I am extremely confident that yes bitcoin will reach $10,000 one day.  I'm not at all confident in this time frame but if I had to guess I would say that they will hit $10,000 in 2 years.

I really doubt that it will ever reach $10,000. Only after half of the possible number of Bitcoins that can be mined has been mined did it finally reach $1,000.

I believe Bitcoin will reach 10.000 within 6 months. Bitcoins has already made the impossible possible a dozen of times.

There's no doubt in my mind that Bitcoin will reach $10,000 one day - I predict it'll happen in the middle of 2014, at the rate things are going now. In fact, I don't think it'll be that much of a stretch to say that Bitcoin will reach $100,000 if not $1,000,000 by 2040. Perhaps that's being too optimistic, but we'll see.

Well, I find it actually pretty pessimistic :)

i hope. :)

Bitcoin is a deflating currency, unless its security is compromised, a better alternative comes along, or the world economy shrinks in an apocalyptic manner 10000 is pretty much inevitable.

Non-sense.
And Bitcoin is not a deflating currency.
Bitcoin has a limited number of bitcoins, in the time

Actually mathematically BTC will reach Infinity someday.

That is because there is a fixed amount of BTC and the amount is dropping (by wallet loosage for example) and the amount of humans is rising.

Therefore it is mathematically proofed, that BTC - when used as currency - has to reach infinity value if the timespan is long enough. That sad, the timespan of BTC is not infinite and it will get replaced when it is not longer suitable.

10k is therefore a valid amount for 1 BTC - IF btc is used as a regular currency, which we will see.

Does not make sense at all.



There is a limited (and not fixed) amount of oil in the world, and the number of humans is rising.
It does not mean that the price of oil will increase to infinity.

I like where your head is at, optimistic but definitely viable.  :o

Oil can be made synthtetically. Expansive but possible. Technology can adapt different fuels. So sooner or later noone would need to pay the price for oil anymore.

Easy said: Value = Demand / Supply

With BTC Supply can only decline while Demand can only rise. Given an infinite timespan, value goes infinite. In Real World that just means, that BTC will reach enormous value IF the above equation stays valid.

PS: Yes, Mr. Obvious, this is a simplification, not the "real world equation of death"

It seems like 10K could be possible. I'm curious if anyone has estimated the likely price per coin if bitcoin replaces the current credit-card/paypal market?

Some guy bought a pizza for 100000 btc  in 2010, now a pizza is worth about 0.1 btc. How is that not deflationary? Bitcoins are limited and demand for them is continually growing due to privacy concerns, tax avoidance, media attention etc. Bitcoin being limited is what makes it deflationary unlike  fiat currencies.


If the oil supply drops to one barrel and the people of the world decide that this one barrel is worth everything every single person on the person ever owns, they will give the owner of that barrel the wealth of the entire world, which is in practical terms, infinite. I know that is still not absolutely infinite, and such a scenario is impossible, but it explains how a price has no limits.

^^ $100... expensive pizza

But yea it could reach $10000 in a few years if it continues to be adopted by business across the planet

At this time, it was a normal price ...

Because the price of btc increased between a time T1 and a time T2 does not make it "deflationary" as a permanent property.





As you said, it is impossible.

10,000 BTC to be exact. To be fair today Bitcoin value could be 0 USD if things went differently. In this case it would be well spent 10,000 BTC  ;)

Nobody knows the exact or even orientative value of Bitcoin. As of now, it's gaining momentum, and it's just reaching the well informed masses.

I barely paid atention to Bitcoin in the past, altough I did read a lot about it, I thought it wasn't the coin that would explode. I was waiting for another coin. But it has exploded. Nobody can ignore Bitcoin now, and the supply is limited. 10k$? certainly possible. Wait until big online shops accept it, and it will gain even more momentum.

There are a lot of people interested in the success of Bitcoins beyond current Bitcoin owners. From anti-Centralized Bank printed money, to big nations contrary to the status quo.

Yeah, I expect it to explode even more and go over 10k$

Although i agree tha bitcoins nature is deflationary, you just mentioned all the wrong reasons about why bitcoin growths. Tax avoidance, privacy etc it was some of the dreams of some libertarians that initially endorsed the currency. Since then much have changed. Just see how the price has skyrocketed after the closing of SR.

After being caught by the recent bull, I think it has the potential to reach $10,000 by the end of 2014 or slightly later. It will probably never go below $1,000 next year.

It's possible for it to reach $10,000 eventually. It won't happen yet though. I can see Bitcoin possibly reaching $1,500+ by the end of the year.

About this time last year people were asking if Bitcoin would hit $100 one day, which was considered a very generous estimate for the end of this year, and here we are now at $1,000. I'd expect more ups and downs, there will be bad news related to Bitcoin at some point which will lead some to question it. Assuming there isn't some catastrophic flaw in the protocol that has been missed I think we will see $10,000 Bitcoin at some point, and probably sooner rather than later.

It seems inevitable at this point.


Perhaps a year away, maybe.  :) LTC seems to be following the same path.

I'm going to throw in my 2 cents..

I watched this video, and I agree with it 100%, I highly recommend to give it a watch, I think you have to read between the lines and just take a look around you to see how valuable bitcoin really could be.

http://www.youtube.com/watch?v=w4HGVJjqDVk

I believe that economies around the world are slowly being crippled due to corrupt government officials, poor decisions and wasting tax payers money juggling debts from book to book. Everyone (mainly the mainstream media) is talking about how our economies are finally "rebounding" from the 2008 recession, but you don't have to look far to see that this is clearly not the case.

We all heard about the recent "US Shutdown" right?, I believe something similar to this (albeit much worse), is right around the corner (mid - late 2014). I think the value of bitcoin will really be seen by the general public when they see their beloved fiat currency slowly melt like ice bit by bit, the next significant drop in the USD will cause the price of bitcoin to skyrocket.

I'm certain another recession is on its way in the next 2-5 years, and this one will be the BIG one, the one where many people will lose A LOT of money, assets and ultimately everything they've worked towards, putting all their trust into greedy banks and thieves who call themselves "Government Officials" or whatever.

I think the true value of bitcoin is way above its current $1000+ USD, but the general public just don't see it yet (They put all their faith in the governments and banks, who take your money for an entire year, and give you back a poxy 3-5% in interest (which you will also pay tax on)).

I don't like to keep "all my eggs in one basket", and i'm a true believer that innovation in technology and finance will really push our economy forward (and bitcoin is an example of this).

I'm going to throw my guess in at over $20,000 per BTC within the next 3 years, (We just need the public to realize they can't trust everything they hear on tv, or read in the newspaper), and due to bitcoin's limited availability (and that its divisible to 8 decimal places), I believe its just going to go higher and higher, year after year.

Sources (Google):
"economic outlook 2014"
"us debt crisis 2014"

1FbQwFX9wXbEHEqsZ2RVzrnev2iVLNREpc

Trust is a very important part of bitcoin. Less trust in society will not favour technologies relying on just that.

seems it actually may :)

Right not the demand is being fueled by hype. I don't know if hype will take it to $10,000. But as more people start using BitCoins for buying and selling stuff, the value would definitely exceed $10,000. Right now the BitCoin market cap is much lower than yearly revenue for the big retailers. They are not going to start accepting it for a while. The onus is on the smaller, or new players to accept BitCoins in exchange for their services and push for its adoption. But changes like that can take years to happen.

The one problem I have with bitcoin is stability. It is increasing rapidly but that also means that it could decrease rapidly as well  :o

It's all about public perception. Anyone heard of a financial column/site called The Motley Fool? The crypto-world needs to copy them. The Motley Fool finds a small company somewhere and they hype the hell out of their stock with a positive sales/promotional pitch. Their sales pitch works, it drives those stocks up, and their subscribers make money. Now for crypto, everyone should hype it up. We find that not many people know that they can buy partial Bitcoins and when they see 1 BTC for $1000, they shy away. "Too expensive," they say. We say, "Spend $25.00, $50.00, whatever you want. It's in essence the Poor Man's Stock Market." Guess what? They like that, and they go and buy little bits and pieces. It's growing, and how this grows depends almost entirely on what people think of it.

It seems that right now the vast majority of people who are buying into bitcoin are doing so as an investment, not to spend them on products or services.
imo the only way bitcoin hits 10k is if it becomes a widely accepted form of payment. I believe most people will be hard pressed to pay 10k for something with little actual purpose.

I do tend to believe that we will see bitcoin and other altcoins become more mainstream over the next few years and as such the value will rise as demand does.

I would love to see Bitcoin reach over 10k. I personally like the "rocky" feel to the whole idea. A concept that came from a point in time when we needed this massive change. We are at a point where information is becoming more and more widely available. Still feels like we are in the wild west of technological advancement. So this is very much a Gold rush period of time. Learning about bitcoin when it first came about, but i soon dismissed it and focused on earning money in a more traditional way. through further education about the world money system, supporting bitcoin and other digital currencies is what im gonna be putting my focus and attention on. hopefully there are others on the same wave length. Good luck everyone

Bitcoin is deflationary, as long as demand remains it will easily hit 10k

Honestly I think bitcoin may crash soon. As soon as th price dips a bit people will start pulling out their money and cause it to lose value quickly but I doubt it'll dip below $200 . I'm just here for the ride :p

Has to, it's the next currency.


(Well that's today's fill of pretentiousness)

I don't think the investor mass-exodus is going to happen. I'd wager the majority of investors in BTC are smart enough to know to ride out market turbulence. Additionally, investors didn't go 'all-in' with BTC. This isn't, for example, their fiat-retirement or generations of family-money at stake.

This Bitcoin phenomenon is interesting.  It really is an experiment in mass psychology.  The value of Bitcoin depends solely on confidence, since it is backed by nothing (dissipated power doesn't count!).  I can tell you this from personal experience.  I had a considerable stake in Bitcoins during the April crash, having bought in at the low $100s.  I eventually liquidated my position and considered giving up on this altogether.  Admittedly, I was in it for the wrong reasons (get in, get out, get rich).  I decided to throw caution to the wind and daytrade.  It was quite easy double or even triple a stash post crash, to my delight (high volatility and no real trends to speak of, just sloshing back and forth - easy coins!).  Then, I was caught up in the second Bitfloor fiasco, where the exchange closed its doors.  I panicked and sold my Bitcoins minutes before the exchange went offline (I expected a massive price correction across all exchanges - stupid, stupid, stupid).  I had to wait several months to get my fiat out (I have to hand it to Roman, he held up his end of the bargain).  A few months ago, I went all in sub $200 and have been very pleased with the performance.  The experience gave me a much stronger hand.  Whales feed off of weak hands.  Plus, the earlier you jump in, the deeper the market has to correct before you'll get heartburn (generally).  My advice to newbies is this: Take everything you can afford to lose and either go all in on Bitcoin or spread a portion of your stash across the ocean of altcoins out there (everything from Litecoins to Quarkcoins, Stablecoins, etc).  Then, forget about cryptocoins for a few months.  Watching charts does you no good if you don't plan on daytrading.

I've been lurking around these forums for about a year and there are many subhuman people here who are interested in nothing more than spreading unsubstantiated fear, doubt, and negativity.  You see the same people popping up and humping that Bitcoin doomsday leg, hoping for some cheap coins.  What a sad existence.  If you want a good laugh, go back several months and look at all of the failed predictions, hunches and "security flaws".  Regarding Bitcoin's future, nobody knows what will happen.  No one person or group can match wits with hundreds of millions of entrepreneurs.  We are all along for the ride .. some will get lucky with their guesses.  One thing is for certain.  As the price increases, the technology and surrounding infrastructure becomes increasingly robust (think of money flooding into a developing nation).  Thus, the likelihood of a deep crash becomes increasingly improbable as the days march on.  There will be bugs, glitches, scares, etc. and people will panic sell, losing their shirts in the process.  Problems will be fixed.  Fears will be dispelled.  The price will recover.

Regarding $10k, I'd say the price will (over the "long term") either go to basically $0 or will run far beyond $10k.  For it to go to $0, I think there would have be a global cataclysmic event or a competing technology so obviously superior in every way that no one would ever use a Bitcoin again.  This reminds me of Facebook vs Myspace, but you know what?  There are still millions of people who use Myspace for some reason.  Being the Myspace of the cryptocurrency world wouldn't be all that bad for a worst case scenario :)

Bitcoin might reach 10k at some point, but I think it will be way down the road.  I think you'll see a pretty steady rise into next year, my guess is somewhere around 4-5k by the end of 2014.

I made this exact comparison last week, I also agree with your entire statement.  The more people that invest in btc the stronger it becomes, because there are more people with more $$ that want it to succeed. If we have a economic downturn in large enough scale to fail btc, btc will be the last of everyone's worries.

If this happens it will be much higher

im thinking that bitcoin needs an alt coin to really help push eachother along. yes bitcoin is a pioneer. but the concepts that give it strength are not unique. yes we would all love to become millionaires very very quick. but but to have or not have a system in place that allows for personal freedom

It is a big problem for BTC, that it is more handled as an investment, than as a real currency.

As an investment, everyone is speculating, that BTC will be an accepted currency sometimes. Which would be nice, I admit, but actually to make this happen the big authorities have to accept them. States (Tax), Banks (Credits) and all those big companies delivering the daily needs (electricity, water, food, fuel) - and they cannot accept them before taxing system accepts them.

So ahdnling BTC just as an investment (which it is atm) will just lead to a sudden death of BTC .. trust will be zero and cryptocoins may disappear, leaving people with a big whole in thair financials.

This is not meant to be a future prediction, this is just meant as a very likely scenario, but it does not mean, that you NOW can make some $$$ out of it. As long as the bubble gets bigger, you have a good opportunity to pull others money.

edit: another very likely scenario is, that BTC will stay being a perfect currency for illegal usage. As long as there is enough Supply for different goods which can then be exchanged to real money, BTC could have a shining future as the next underground currency - for which it is very well suited. You can easily transfer "Money" from US to mexico without any risk. It will always be "clean" money when exchanged to something else which can be sold for $$$. Actually that is, what Cryptos are currently used for.

BTC will be over 10k yes 1 day, but to use it illegally not so. Then we are all criminals. First all world dont like USD, so for some countries it is perfect not to relay on dollar they can exchange it into there own currency.

That why most of coin are used for.

Well you can definitely bet on it (http://bitbet.us/bet/635/1btc-10-000-usd/?ref=1E8MkRHhBNr9X29QUN2YkMxezesrEyGhSZ).

It's possible but I don't think it's good unless there are other coins adopted by the masses to serve for the smaller transactions.

I would say that Bitcoins success depends entirely on it's adoption by the masses. If it does happen, I won't be surprised if it shoots up to 100,000 or even half a million per bitcoin.

I am sure it will. I can see it being worth much more than that but it will take some time.

There is a very strong chance it will reach 10k next year.

My bet is on $10k and far beyond. But it could go to $0.  8)

In the latter case, it can be good to take profits here and there, to secure at least your initial investment. Never sell too much, though.... :P

Psychology plays a big role in the this market so I think it will, all we have to do is believe it will.

this could easy happen

At the current coin supply wouldn't the market cap need to hit $120,000,000,000 to hit 10,000 a coin? That's a big number..  :o

2015 2016 2014 any day now cmon!

Yeah bitcoin will continue to rise relative to fiat currencies that are victim to inflation, however the rapid rise in bitcoin value currently is caused by speculation and wider adoption. I can't forsee the bitcoin marketcap exceeding 1 trillion USD in 2013 dollars. (value of all gold in the world is 8 trillion in 2013 dollars). I think bitcoin could rise to a max of maybe around $10,000 USD/BTC in 2013 dollars and then start to slowly increase at the rate of inflation. There is no way 1 BTC =  100,000 USD or even $50,000 in our lifetimes.

I think it has to reach 10k! Or at least, some crypto currency does.

The potential for trade through stores is just soooo great. And it's beginning. Once it hits, and there's a "quick setup" for vendors and consumers alike, bitcoin will move through the 10k mark.

I'd love to see 10k by 2015, but that seems pretty optimistic, given the likelihood of a few setbacks, which are just nice cushy entry points.

100k? In our lifetimes?

I wouldn't be shocked if it was. Given it's potential to hit 600+B in market cap, 100k BTC/USD is not a stretch.

In 2013 Dollars, probably not, but in the future in future dollars maybe.

BTC star crashing last night but this morning gone up again seem that 1k is the for now until christmas and new year then it can go higher maybe 1.5k

If Bitcoin continues to be accepted by merchants and people and as long as governments don't do anything to make it hard for citizens to buy Bitcoin, then it seems impossible for it not to get that high eventually.  If Bitcoin ever becomes the sole currency of the world then combine the amount of wealth available on the Earth in all the different currencies, then divide it by 21 Million and you'll have a rough estimate of how much a Bitcoin should be worth in the very long term.

funny,  but APPLE alone, has $150,000,000,000 in CASH in offshore accounts....so no, not really

The price means nothing. 1k means nothing if someone sells 1000btc price will go down 100$. Stop looking at price alone and start checking market depth.

Can someone explain to me the hype going on in this thread? It seems incredibly unrealistic for BTC to go much above 1k even in the next year! But people are hoping for 4-5k by the end of 2014? Come on!?

This reminds me of the exact same crap that goes on in the penny stock forums. People with money make accounts to pump up the hype on penny stocks, and then when noone suspects it they sell 10MM worth at once and swipe everyone's savings in a heartbeat.

I just don't see how everyone here can realistically be buying into this and not fearing for their cash.

On a second note: This is EXACTLY why I've always said mining is a safer investment. You have a machine that generates BTC and is a liquidable asset in and of itself! If btc crashes from 1000 to 400 tomorrow the miners won't loose much money, but the investors who jumped in at 900 will lose a LOT to the savvy ones to pushed them off that cliff.


Only one of two reasonable posts I've seen in this thread.


Care to elaborate on the btc market depth?
Selling 1000btc at a time seems all to easy for the large companies. If the market depth is really that freaking shallow that a $1mil sell can cause a $100 swing in value, then btc is scary risky. That means a coordinated effort, (or even one investor with mtgox) could direct the entire market pretty easily.

Look at previous year price increase %, nothing unusual if price hits 10k next year.
About the penny stock, Bitcoin is worldwide payment processing technology with a lot of money in this business, and much cheaper/faster/safer than western union or paypal.

Nah man trade volume is to high, nee much more than 1000 btc to crash the market like that.

i think its posible but it have to reach 3k first before that

Someone need sell 5300BTC and it drop from 1190$ to 1060$.
You can look at it yourself here http://bitcoinity.org/markets/mtgox/USD

it will happen before that look at litecoin :)

Imagine someone who mined 100,000 btc in '09 as a hobby then forgot about Bitcoin and only now with all the media attention they would think of it again. They don't know anything about markets and dump the entire amount on Gox and sell it in one go. What would that do to the price?

c'm on, that´s just another 10-fold.

e a s y.

w i t h  t h e  g r a c e  o f  a  m o z a r t  c o n c e r t o.

I would not be surprised if it happened 2014. But it's hard to know how the price will change.

will not happen.

The value is stuck between 1000$ and 6600 Yuans. Each day it fluctuates, evolves between those two levels.

Also 1000$ can be 'easily'  spent, can be a part a your wages, but 10000 $ it too much.

I don't really understand your comment? Explain please.

Depends on if Chinese government allow Yuan to trade freely.  lol!

Bitcoin will increase in value indefinitely. Just like the dollar will decrease in value indefinitely. Not over night. But day after day. As development continues I think we will get personalized bitcoin wallets next to anonymous wallets. Maybe regular banks will facilitate secure wallets.

(US) people can invest a part of their wages just to test . To find 1000$ can be "easy", but 10000$ is another level.
And 1000 is a "magical" number, or better 999.99  ;-)


As for Chinese people and the Yuan/RMB, take a look at the mass of BTC already exchanged/used in China.
BTCChina is already a huge place, and IMHO it's a battle for who is able to impose its will, and its parity change.

Graphically, see fiatleak.com

I guess someday this might actually happen considering the current growth and increased use of bitcoins from individuals and more companies and the increased popularity in China.

You can buy part of the Bitcoin, you dont need to buy whole 1 BTC.
So I dont understand why $10000  will be too much in future. Remember there will be only 21 million Bitcoins, so 1 Bitcoin is a lot

People won't do this, Gox will crash, too much to set away at once. Also, Gox probably won't be able to transfer the money, we are talkin $100,000,000.- here. Completely different scenario as a 1000 BTC dump, also incredibly unlikely to happen.

It would crash almost to 0, but the price would recover to 100$ the same day as people with money left on exchange would compete to buy cheap Bitcoins. Later when new money deposited to exchange, price would recover to the one at other exchanges within a week

Yes.

i think: zero or 10k.

Most likely in time

Yes, slow growth would be best for Bitcoin because more time for new services offering exchage USD to BTC, but if Bitcoin gets adopted too fast, the price might skyrocket again

I Doubt it .. As it is now it has balanced... Maybe if some big country make influence then maybe.

You mean about $1,000 stable for one week  ???
When the price was around $100 early this year, many believed $1,000 is such high amount / BTC it can never happen...

I think in 2014 it will reach it, i think it depends if the people start using it no just as an investment

I think it's definitely possible, however, there needs to be a lot more people getting into bitcoin for it to happen.

Here's what's going to happen this year (my humble opinion).

Organizations are all going to be creating their own coins (PepsiCoin, BMWShares, etc.). These coins will all be created to for more liquid securities trading (people can buy fractions of these new virtual currencies, instead of having to buy full shares of stocks).

They will also have a secondary purpose. They will be used to buy into Bitcoin with an overvalued speculative wave via new adopters. The same way an IPO usually tends to sell at a price above its worth, these coins will all do so with people hoping to get in early on the "next Bitcoin."

How does this affect Bitcoin? Easy. Bitcoin will be the measuring stick. As long as it remains a point of reference in a larger virtual-currency securities market, the price will have to increase, at least over the longer term.

That being said, I believe these companies (and definitely governments) will make their own shares to buy into Bitcoin at a better rate than fiat will offer. Because the new coins will be overvalued, they'll be able (for a short time) to buy more Bitcoin than they're worth. That will make $10,000 bitcoin valuations very reasonable as high demand for "CorporateCoins" will transfer over into Bitcoin; all plausible within 2014 - definite by 2015. Again, my humble opinion.

This was useful. Thanks!

The amount of off the cuff speculation in these threads scares me.

Np, I'm glad that I can help :)

I didn't said down to 100$ but 100$ lower than it is now. 1000 - 100 = 900$ that is.

bitcoin is over inflated if you look at the actual conversion and use of BTC in the real world.
It does not have the impact of a multi billion currency. Maybe that'll change with governemental acceptance :)

My gut feeling tells me 1k is only the beginning!

I think it will go way beyond 10K. I wouldn't thought it would 1,200 by the end of the year

Because it's not only a currency. It's value as currency is only a part of it's actual value.

From bitcoin.org:

Yes, but better if not next year, slowly rising is best and I need to buy more cheaply.

Right, which as he was saying, someone needed to sell 5300btc or 5MM$ to drop it 100 bucks.

Now, the thing that bugs me...

you all know about Market Makers in stocks? 5 Million bucks isn't a lot of money. If all you need is 5 million bucks to shift BTC 100 bucks that's scary as hell.

Now bear with me...

Didn't DPC (dread pirate roberts, founder of silk road, for those who are unfamiliar) get 26 THOUSAND BTC seized by the us govt?

Regardless of if they're using it or not, that means roughly $25 million dollars of BTC is sitting somewhere, in one place.

I'm SURE there is someone else with 15MM sitting around who can shake up the market by a few hundred bucks a day just by buying and selling a lot.

lastly, does anyone know how transparant the markets are? Can people see every buy and sell on every market from every exchange? Can we see if these large orders are going through like LEVEL 2 in stocks or are we just going blind? Or is it just mass hysteria that is causing the market to shift by 30% a f*cking day?

i think it will reach $10k and beyond, but this rally is over!! :-\

Time to buy! Jeez, y'all should be happy when the price is low in a volatile market.

I don't think that will be the zenith. With Cloud Computering grows, any limitation will find its solving.

glad this dip gave me an opportunity to get a better price. I want to have a nice little egg to sit on for a few years and some to play with. a dip to $100 wouldn't bum me out at all cuz I could buy up my goal fairly easily.

it will reach a lot more.

End of this year will be about 2000$

10k? Maybe not.

It'll definitely rise though as there's more media attention about bitcoins and more demand for them.

I suppose there's no reason why it can't hit 10k, but I just can't imagine it myself. I suppose 1k wasn't expected, but it happened.

to moon  ;)
Let see what happens.

I guess the next big peak will be around 3.000.. 10.000 might be a realistic step for a horizon of 20 years

20 years? Really? I think that the 10K mark will be reached before 2014 December. Mining difficulty is exponentially increasing and the supply is thinning out. The demand, on the other side has grown many times. A lot of important markets (Brazil, India.etc) are yet to be explored.

My opinion is that either bitcoin will hit the $10,000 point, or it'll drop down and fall dead.
Don't question my unexplained logic. :)

@monbux hey just a reminder that Bitcoin chooses the first path to live ;D today we hit $30k+