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

[mprep]

It might hit $1000, but by then $1000 may be worth $100 in today's money.
Inflation and all ya know?   

Never thought of that. Bitcoin may actually not increase or decrease in value because it's value will rise/fall with every other currency.

[Libertybit-support]

The price depends how useable the coin is, to hit 1K+ it must be standard payment of more merchants especially the big ones

Hello,

Bitcoin could be valued at $1000 or even $10,000 in the future but that depends on the number of people that are using it. If bitcoin gains more users, then more people would want to buy them to use as a means of exchange and it would gain value. Although Libertybit has currently suspended its operations, we are currently developing a method to enable merchants to accept bitcoin payments. This will help to increase bitcoin distribution.

[Physical-LTC]

There is no reason BTC should not go to $1000, I think LTC should be at a quarter the value of BTC as well.

[Jaxkr]

you guys are crazy lol

Why? Not many people though that bitcoin which was worth a couple of dollars would rise to 100 bucks.

When you could get 1370 BTC for $1 USD, theymos considered that overcharging.

[jackjack]

Yes

[Cyberclones]

Over the next 5 to 10 years it will hit $1000 but a better question is how long will it stay there. I think we will see a spike to $1000 within 5years then have it crash back down to whatever price is current at before the spike. At a steady climb I'm thinking it will take more like 10years.

[courtneyc]

My guess is value will follow a log increase in value for the next couple years. If you plot the values on a log scale and extrapolate out you hit $1,000 Q1 2015.   My guess is that sometime in 2015 it will be $1,000.  I doubt it will maintain that log appreciation after that.

[exogan]

Given enough hype, yes.

[anarchyx]

Perhaps it will...

[mprep]

My guess is value will follow a log increase in value for the next couple years. If you plot the values on a log scale and extrapolate out you hit $1,000 Q1 2015.   My guess is that sometime in 2015 it will be $1,000.  I doubt it will maintain that log appreciation after that.

Good luck with your predictions. They don't seem to be realistic though. Not for me at least.

[bucketofsocks]

it depends on how the overall global economy goes, if it dives back into the shitter Bitcoins may well go sky high, and if countries other than Cyprus start taxing savings it could hit $1000 in a week, the fiat economy is fear based, the more fear, the better bitcoin looks

[Physical-LTC]

Well, if its based on fear, then it should be at $10,000   lol

[rig007]

I don't think it will hit $1000.

It will be hard to hit $200.

But we hope bitcoin goes up. 

[juula]

If Bitcoin becomes widely adopted, 1BTC might soar past the value of 1000$.

Today it is becoming more popular and normal business (pubs, hotels, ...).

This popularity and the expansion of this market is catching the government and banks eye.

No regulation, tax evasion etc are all problems right now and I sincerely hope this gets settled so it can be government approved, yet not government controlled.

TLDR If you think about it, 1BTC has no problem of having a higher value than 1000$ but the government might just shut it down or outlaw it :/

[nobbynobbynoob]

TLDR If you think about it, 1BTC has no problem of having a higher value than 1000$ but the government might just shut it down or outlaw it :/

There isn't any centralized point to shut down. They could outlaw it, yes, just as they outlawed most drugs (including alcohol once!), and they outlawed driving faster than 55 mph too. And in Virginia, for example, they are pretty harsh with the enforcement too, if they want to be. 20+ mph over the limit and you can go to jail (even if that doesn't happen very often in practice).

TL;DR: outlawing bitcoin won't kill it. It may temporarily hold back development.

[xps435]

$1000 would be unlikely. It would require too much Kool Aid to reach that amount. Have fun with it while its in the $100-$200s and remember to get out while you're winning .

[jackthebeanstalk]

It hasn't even reach $300, best to go step by step

[coin_addict]

I don't have any doubt in that 

[samos123]

There is only 20 million bitcoins, so as soon as it gets adopted by the masses, it will reach $1000 at least I guess. $100 and $200 is already a lot right now I think, seeing as it's mostly techies using it.

[freedomno1]

Whats the inflation rate on fiat currencies