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

[AliceWonder]

It's simple.
If demand for bitcoin increases at a faster rate than mining produces them, the value will go up.

Demand will go up if the currency meets a need the general population has better than current solutions meet that need.

It's all up to us. We need to innovate and provide bitcoin solutions that meet current general population needs.
If we do that, value goes up and we're rich beyond our wildest dreams.

[1715455104]

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[ninjaboon]

It's simple.
If demand for bitcoin increases at a faster rate than mining produces them, the value will go up.

Demand will go up if the currency meets a need the general population has better than current solutions meet that need.

It's all up to us. We need to innovate and provide bitcoin solutions that meet current general population needs.
If we do that, value goes up and we're rich beyond our wildest dreams.

Yes, its a demand and supply thing.
As more merchants, both online+offline adopt this global payment system, the value of each Bitcoin will increase to meet rising demands.
I believe it could reach USD1000 by 2015. (don't quote me).

[Nik1ab]

It's the never ending story of supply and demand

[b!z]

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.

21 million not 20 million.

[DannyHamilton]

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.

21 million not 20 million.

Actually neither.  The total number of bitcoins in existence will be slightly less than 20,999,999.97690000

[thenight]

Perhaps within a few years.. 

[LosVegas]

doubt it, i thought it would continue to rise once it got to 250$ a coin come to know it was just a bubble

[melnikalex]

To get this point there is a way:
1. Let people knew about bitcoin, and get them in trouble with their national currency, so part of them will left to bitcoin - demand will raise with the price. // Or another way artifically raising the price in the short term.
2. Let people know about fast raising of bitcoin price (after p.1).
3. Let people buy mining hardware - videocards etc. and get involved or let them buy shares in mining hardware asic companies with divident payout in bitcoin wallet.
4. At least but not at last place - give people opportunity to buy and sell bitcoins for fiat in a simple automatical way (tradeboards / atms / )
5. Not will be bad to open much more points for buy and sell items/properties/etc for bitcoin.

As some people are greedy they will see the fast price raise and will buy bitcoins and price will go even higher, but that works only for that people who know what is bitcoin and that the price of it can raise in a very fast way. Another thought this speculating pyramid can not work forever so will be times when price will go down.

[jackjack]

Bitcoin may hit $500 within 10 years. But $1000 is impossible.

You're clearly an economist

[jackjack]

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.

21 million not 20 million.

Actually neither.  The total number of bitcoins in existence will be slightly less than 20,999,999.97690000

Nope
It's lower than that as miners can actually win less than reward+fees

[rig007]

Well whatever, he said she said.... we will just see where it goes one day, lets all hope it hits $1k and goes further.

[Copeyminer]

He'll I think it will go past £1000 eventually even with this down trend

[Xian01]

Probably not. Would be nice, but I don't see it happening. Would be nice to be wrong on this.

[webwolf86]

That's definetely has good chances to become true soon (due to another bubble and lots of nurds who think they are smarter than others)
But! I'm afraid cryptocurrencies will be victims of their own popularity - once governments show interest, the "privacy illusion" disappears instantly

[hany103]

bitcoin is going to 70$ atm 

[Sexcoin69]

No it will be more ... much more
Euro and dollar will be dead soon ... 

[loiseau3]

With the economy the way it is, I believe it will hit $1000 in 2 years. If not, then definitely by 2018.

[naphto]

With the economy the way it is, I believe it will hit $1000 in 2 years. If not, then definitely by 2018.

You are either optimistic, or stupid. Probably both.

[Mikex]

The problem with bitcoin currently is the fact that it has very limited use. Almost anything you can buy with bitcoin can be paid with fiat currency (it's cheaper too), and the only real use for bitcoin is purchasing illegal goods and services. The bitcoin economy needs more goods and service providers to make sense for people to convert their fiat to bitcoin. Also, a major use for bitcoin is to invest it to make more bitcoin, but without things to purchase it will lead to falling valuation. I fear the price will continue to fall until there is a crisis similar to Cyprus or some other event which creates public awareness.

[Coinazon]

No, I think, but i believe it's wont stop @ $100.