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

[Anon135246]

That would be nice, I'm having a bit of a dilemma. I can't choose between investing my current balance in gold/silver or just keeping it for a year.

[nobbynobbynoob]

I like Au/Ag too but I think bitcoin is likely to outperform both massively in future.

I'd be (slightly despondently) surprised if bitcoin is trading much under $400 by the middle of next year TBH, but we shall see what happens soon enough.

[RDRoe]

I believe yes!

[nobbynobbynoob]

Oh, and (this has been nagging me ever since this thread was started) regarding the thread's title, I think that one day, "the bitcoin" is likely to be worth more than one troy ounce of "the gold".

[rossie]

I don't think it will hit $1000 within 3 years.

[MAbtc]

Don't worry, we'll get there. 

[sell_trust]

can't

[anettle12]

In todays economic world, it is unlikely. Depends if major holders of BTC hold or sell.

[nobbynobbynoob]

When Mt Gox first opened in July 2010, I'm sure most people in the community would've considered you a bit of a wacko if you'd suggested that bitcoin would be changing hands at $30 in less than a year. While I don't think the exchange rate will hit four figures in the near future (next few months), it's far too risky to make predetermined judgments one way or another. Long-term valuation of bitcoin is probably either very high or zero, though.

[balanghai]

It could get at that as soon as you get to sleep and dream of it. 

[600watt]

That would be nice, I'm having a bit of a dilemma. I can't choose between investing my current balance in gold/silver or just keeping it for a year.

why not 50/50 ?

[MAbtc]

It's coming. 

[CEG5952]

$1k sounds crazy but so did $30 (shrug)

[Marbit]

of course guys. just be patient! 

[Chrismon]

will take years

[young3dvard]

When Mt Gox first opened in July 2010, I'm sure most people in the community would've considered you a bit of a wacko if you'd suggested that bitcoin would be changing hands at $30 in less than a year. While I don't think the exchange rate will hit four figures in the near future (next few months), it's far too risky to make predetermined judgments one way or another. Long-term valuation of bitcoin is probably either very high or zero, though.

Why it cant be between 100 and 1000 in let say ten years? If the Bitcoin will be used, it doesnt need to have 0 value. And very high, like 1mil USD/BTC will never happen, its only crazy dream

[nobbynobbynoob]

When Mt Gox first opened in July 2010, I'm sure most people in the community would've considered you a bit of a wacko if you'd suggested that bitcoin would be changing hands at $30 in less than a year. While I don't think the exchange rate will hit four figures in the near future (next few months), it's far too risky to make predetermined judgments one way or another. Long-term valuation of bitcoin is probably either very high or zero, though.

Why it cant be between 100 and 1000 in let say ten years?

Because if it's useful/good enough to be worth $1000, it's useful/good enough to be worth a lot more. And if it isn't, it will eventually be superseded and collapse.

[marcotheminer]

Of course it will!

But not for at least another 10 years!

So investment time it is

[Marbit]

$10k BTC this year guys. 

[bumpk1nK]

$10k BTC this year guys.  

I will wait for $1mil / BTC early next year