End of the year?
At this rate it will be $1000 within 4 weeks, the rate is defined by how much it has been going up for a set amount of time. I'm not sure how you saw the last 2 months but its increasing far faster than $1000 at the end of the year.
At this rate it will have to start slowing down in a couple of months or we will have Bitcoins worth tens of thousands at the end of the year.
I'm trying to be reasonable. 1000 dollars at the end of the year seems reasonable...right?
If it were to reach 1000 dollars each, the media would most likely kick it to the moon.
You are right about that! Nothing would make be happier than a steady rise to $1000 by years end. That would be good growth for Bitcoin. Still far better than any other investment.
However its more likely we hit $1000 in a month or two max, the price rise at the moment is nothing short of insane.
If Bitcoin was growing at 4 times value yearly, whilst this would make Bitcoin the greatest investment in the world it would be sustainable. 4 times yearly until the Bitcoin economy is worth a trillion or more.
At the current rate we hit a million per Bitcoin in 6 months I think, so we either have to have a crash or the rate must start to slow (which could cause a crash because a lot of people are in this for a double up each week, if the rate is slowing down a lot of people will pull out)
Of course there is a small small small chance we hit a million a coin, in which case I sell half my Bitcoins and buy land in Australia.
