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

[WikileaksDude]

sure! in at least 3 years.

[co5hike]

It will reach $1000 someday at the right time.

Add "maybe" to your sentence and I will agree 

[Delmonger]

Easily within 10 years.

The real question is, will it hit $10,000?

Or even $100,000?

My guess is yes and yes, but not for another 30-50 years.

I agree, I believe so long as bitcoin is the generally accepted universal money then it will be worth $100,000 if the overall value of the 21 Million bitcoins reach about $2 trillion USD.  Which really wouldn't surprise me considering that's $2 trillion USD worth considering all nations have a GDP of $71 Trillion.  http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)

[600watt]

check out sig

why would it stop NOW ? the rise of bitcoin may slow down sometimes, mainly due to parasitic altcoin mania, but it will not stop. it went upwards 4 years in row. why not another 4 years ? (ok, a major flaw in the design would do it, but other than that?)

[coolbeans94]

Disclaimer: Past performance does not indicate future results. That said, it does appear to be tracking with past performance.

[g83]

lol 50 - 100 - 500 - 1000 - 2000

[600watt]

lol 50 - 100 - 500 - 1000 - 2000

yes, you got it !

[Kazimir]

lol 50 - 100 - 500 - 1000 - 2000

http://en.wikipedia.org/wiki/Logarithmic_scale

[marcovaldo]

lol 50 - 100 - 500 - 1000 - 2000

http://en.wikipedia.org/wiki/Logarithmic_scale

Should be 1 - 10 - 100 - 1000

[Anon135246]

I don't see this happening anytime soon, that's for sure....

[t3xasdolly]

lol 50 - 100 - 500 - 1000 - 2000

http://en.wikipedia.org/wiki/Logarithmic_scale

Should be 1 - 10 - 100 - 1000

Do you think it will stop at 1000 ?   

[robertde]

$1000 seems way to high. But with current decline of fiat currencies and more people using bitcoins, would most likely go higher for a while or bust.

[voteformeg]

i believe , if the price per Ghs will halve , so normal people like me can pay the hardware to mine this bitcoin , more people believe in bitcoin and give bitcoin the chanche to grow to a coin wich is worth his $1000 and i believe that is only possiblke when bitcoin is known and used by all people in the world

[geofflosophy]

i believe , if the price per Ghs will halve , so normal people like me can pay the hardware to mine this bitcoin , more people believe in bitcoin and give bitcoin the chanche to grow to a coin wich is worth his $1000 and i believe that is only possiblke when bitcoin is known and used by all people in the world

When the price per GH halves, the difficulty goes up to compensate. Mining is not a primary means of obtaining bitcoins, nor should it be. People who complain about the price of hardware or the difficulty of the network are looking for free money. In fact, some people who I've discussed bitcoin with initially see mining as a fundamental problem, because to them it seems like having a printing press. Obviously that's no longer the current state of affairs, but it illustrates the point that if you are investing your fiat dollars in the purchase of bitcoin, the prospect of someone else getting them for free is not appealing.

[tripcreator]

sure it will reach 1k one day, but also thinking there are quite a few downfalls ahead so a nice time to be on the edge of a new currency

[nerFohanzo]

When the price per GH halves, the difficulty goes up to compensate.

Quite oposite. In GPU days, the difficulty adjusted by price, for ASIC it will be true when electricity cost will be major factor

[zengryT]

Of course almost all here WISH bitcoin reaching $1000, but the price is not set by people wishes 

[geofflosophy]

When the price per GH halves, the difficulty goes up to compensate.

Quite oposite. In GPU days, the difficulty adjusted by price, for ASIC it will be true when electricity cost will be major factor

Most miners will mine at a loss because they expect the price of BTC to go up in the future. We're still quite a ways off of mining revenues being below electrical costs on ASICs.

With that said, looking back on my statement, it was wrong; what I meant to say was the reverse: as difficulty goes up, the price per GH will go down to compensate. ASIC providers are trying to sell their devices at the highest premium that the market will bear.

[DannyHamilton]

When the price per GH halves, the difficulty goes up to compensate.

Quite oposite. In GPU days, the difficulty adjusted by price, for ASIC it will be true when electricity cost will be major factor

Most miners will mine at a loss because they expect the price of BTC to go up in the future.

Only the uneducated ones that are incapable of simple math.

We're still quite a ways off of mining revenues being below electrical costs on ASICs.

True, at the moment the purchase cost of the ASIC is probably the most significant risk in mining.

With that said, looking back on my statement, it was wrong; what I meant to say was the reverse: as difficulty goes up, the price per GH will go down to compensate. ASIC providers are trying to sell their devices at the highest premium that the market will bear.

Your assumption is that there will be fewer interested ASIC buyers as the difficulty increases?  And that ASIC sellers will have to reduce their price to attract additional buyers?

[geofflosophy]

When the price per GH halves, the difficulty goes up to compensate.

Quite oposite. In GPU days, the difficulty adjusted by price, for ASIC it will be true when electricity cost will be major factor

Most miners will mine at a loss because they expect the price of BTC to go up in the future.

Only the uneducated ones that are incapable of simple math.

We're still quite a ways off of mining revenues being below electrical costs on ASICs.

True, at the moment the purchase cost of the ASIC is probably the most significant risk in mining.

With that said, looking back on my statement, it was wrong; what I meant to say was the reverse: as difficulty goes up, the price per GH will go down to compensate. ASIC providers are trying to sell their devices at the highest premium that the market will bear.

Your assumption is that there will be fewer interested ASIC buyers as the difficulty increases?  And that ASIC sellers will have to reduce their price to attract additional buyers?

Simple math dictates that if the price of BTC is such that you take a small loss on electrical costs, say even 50%, the price needs only double and your previous loss is now break even. Simple math dictates that exponential prices are still ahead of us as the market of BTC starts to become a meaningful part of the world economy.

There is already a decrease in interest in ASIC as a result of difficulty increases, and companies are already discounting miners. KnC is charging 2k less for November shipment of a Jupiter than October. Cointerra just announced today that they are offering a 2TH rig delivered in January for $5999. Get a clue.