will the bitcoin reach $1000 one day...?

[PassTheAmmo]

I think $1,000 will come sooner than later.  More interesting question is, when one BTC costs $1,000+ USD,  how much will LTC worth?

Most likely around $2, why should LTC be worth more just because BTC is ?

Most likely $20, because the LTC/BTC ratio will probably stay the same.

I do not think so. Due to the fact that there will be four times as much Litecoins as Bitcoins the value ratio should konverge to that sooner or later (probably later). Currently no cryptocurrency (CC) is mainstream so none of the current values (fx rates etc.) is stable or represents anything measurable. That may change within the next two years if Bitcoin gives a proof of stability and acceptance.

Then the next question is what will happen to the next introduced cryptocurrency (or the ballpark of the currently existing ones)

Why do you think that all LTCs should be worth as much as all BTCs? I would assume that a currency is a natural monopoly because you want to use what others use. Which would mean non btc cryptocurrencies would go toward zero in the long run, I can't see anyone overtaking.

[cocoxixi]

lol

[bludstem]

I don't think that BitCoins will ever get that high. I think that eventually Hardware will be ahead of the difficulty and the availability of worthwhile hardware and BitCoin prices will level out. At that point I think that BitCoins will stay at a constant rate. Also the more hardware that is available the cheaper the hardware will become.

[BitChick]

I use BTC daily but when I talk about it one of the first questions is "is that legal?"

That's really sad that so many people seem to believe that they are only allowed to do what government tells them is OK

Even if we don't agree with what the government does or allows, it is sometimes best to comply in order to avoid the repercussions that can come if we don't.

That said, I would have way more BTC if I had not been concerned about government regulations.  My husband mentioned BTC to me about a year and half ago and we thought we should wait to buy some.  We did not want to be tied to nefarious activities, such as money laundering, drugs etc.  Sure BTC is supposedly anonymous but I guess there are ways for the government to track some things for sure. When we heard that there was going to be some regulations put into place we decided to buy, right at the start of the huge increase in April.  Unfortunately we did not get much coin at a low price.  I guess in our case it is a bit sad that we were victims to fear of the government we are under.  Our freedoms do not feel so "free" sometimes.  But the problem is that we have to weigh the risks of going against the government and decide what it is worth to us.

[bonesaw52]

If the demand continues, yes. With only a finite number of coins the price will go up along with demand.

[Valerian77]

If the demand continues, yes. With only a finite number of coins the price will go up along with demand.

Currently the demand seems to go down:

Bitcoins sent last 24h    497,112.25 BTC
Bitcoins sent avg. per hour    20,713.01 BTC

[wachtwoord]

If the demand continues, yes. With only a finite number of coins the price will go up along with demand.

Currently the demand seems to go down:

Bitcoins sent last 24h    497,112.25 BTC
Bitcoins sent avg. per hour    20,713.01 BTC

Do not look at such short time frames. All you're seeing is volatility.

[naphto]

I think it will go way above 1000$ if it manages to stay alive for a few years.

But it also needs to have a lot of transactions, and use. Which is not the case :/

[wachtwoord]

I disagree:

http://blockchain.info/charts/n-transactions?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

http://blockchain.info/charts/n-transactions-excluding-popular?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

http://blockchain.info/charts/n-transactions-per-block?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

[bumpk1nK]

I think $1,000 will come sooner than later.  More interesting question is, when one BTC costs $1,000+ USD,  how much will LTC worth?

Most likely around $2, why should LTC be worth more just because BTC is ?

Most likely $20, because the LTC/BTC ratio will probably stay the same.

I do not think so. Due to the fact that there will be four times as much Litecoins as Bitcoins the value ratio should konverge to that sooner or later (probably later). Currently no cryptocurrency (CC) is mainstream so none of the current values (fx rates etc.) is stable or represents anything measurable. That may change within the next two years if Bitcoin gives a proof of stability and acceptance.

Then the next question is what will happen to the next introduced cryptocurrency (or the ballpark of the currently existing ones)

There are endless number of alternative coins. What give coin value is its useability. Keep dreaming the LTC will follow BTC 

[bitcool]

There are endless number of alternative coins. What give coin value is its useability. Keep dreaming the LTC will follow BTC 
[/quote]

Hardly any dreaming at all. YTD LTC has outperformed BTC by almost 300%: 

http://www.ltc-charts.com/period-charts.php?period=ytd&resolution=day&pair=ltc-btc&market=btc-e

Really puzzling, right?

[geofflosophy]

There are endless number of alternative coins. What give coin value is its useability. Keep dreaming the LTC will follow BTC  

Hardly any dreaming at all. YTD LTC has outperformed BTC by almost 300%:  

http://www.ltc-charts.com/period-charts.php?period=ytd&resolution=day&pair=ltc-btc&market=btc-e

Really puzzling, right?

People have switched their GPU rigs over this year as GPU mining of bitcoin became unprofitable. SHA 256 ASICs were the best thing to happen to litecoin, but there's little reason to suspect that this trend will continue.

[MAbtc]

$1k in less than a year. 

[nobbynobbynoob]

$1k in less than a year. 

Oh bitcoin you crazy. Heck, we might as well. Life is short. But who's going to pump her up?

[MAbtc]

$1k in less than a year. 

Oh bitcoin you crazy. Heck, we might as well. Life is short. But who's going to pump her up?

The whales. Always the whales! 

[geoffreyqp]

i hope it reaches 1k. ll be swimming in money. actually i'd probably wimp out and gradually sell everything even before it gets to 500.

gl to everybody.

[Beymond]

in a few year probaly

[Valerian77]

i hope it reaches 1k. ll be swimming in money. actually i'd probably wimp out and gradually sell everything even before it gets to 500.

Little contradiction.

To raise Bitcoin's value the market must raise. As the past proofs neither regulatory restrictions nor bad exchange services and their quality have much negative impact on Bitcoin's value. But that is not enough to grow.

After a global adoption in this community the next step should be a global adoption by anybody making micro payments. That requires seamless usage without barriers for newcomers. I expect that as soon as:
1. anybody can buy BTC easily from ATMs or his bank
2. the technique is that safe that no updates are needed for Bitcoin-Qt or unsafe Android wallets
3. the risk of further regulatory sanctions in US and EU is low (as said the regulatories do not drop the value but they prevent growth)

Pt.1 will be solved by itself over time; but end of this year BTC ATMs should be available on selected locations; localbitcoins is a big help
Pt.2 after one year of no problems I expect the technique as safe
Pt.3 who knows ?? Big lobby groups are working against Bitcoins (banks, money transfer firms, rich people, politicians, ...)

Maybe in 2015 BTC will start to grow faster. Currently I do not expect remarkable growths. But the current stability has some value for the future.

[Anon135246]

How much do you guys think 1 bitcoin will be worth same time next year?

[Beymond]

400-500 may be