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

[ninjafocus100]

I believe it will. But it will take time.

[merv77]

I believe it will. But it will take time.

what time have you got now???  look at your watch (or clock on your smart phone)
and reply back in 24-48 hours.  I know it sounds like a long time, but heck I can wait.   

[jamooo]

Hitting that price is 100% dependant on Bitcoin being adopted by the mainstream and fully integrated into day-to-day life. Otherwise I don't see it happening. That is a tremendously high market cap, especially as the supply of bitcoin grows

[www.bluevec.co]

I think in 3-6 months we will see the 1000$

If china leads us there...

[MaxBTC1]

Yes yes yes and yes!!

[exstasie]

Does anyone here think that all of the these hacking issues with wallets will have an impact on the growth of BTC price?  I know as the price goes up, hacking of wallets becomes more profitable, so I wonder if it'll cause some confidence issue with the digital currency.

[DannyHamilton]

Does anyone here think that all of the these hacking issues with wallets will have an impact on the growth of BTC price?  I know as the price goes up, hacking of wallets becomes more profitable, so I wonder if it'll cause some confidence issue with the digital currency.

Most of these hacks have not been wallets.

That's not a wallet.  That's an unregulated, unaudited, uninsured bank account.  Don't let anyone tell you differently.

If you don't have the private key, then you don't have the bitcoins.  It's as simple as that.  You have generously given away your bitcoins to a complete stranger based on a promise that they've given you that they will send those bitcoins anywhere you like anytime you like whenever you ask them to.

Imagine.  You're walking down the street with $1000 in your pocket.  You come to a corner where someone has set up a folding table and put out a sign printed on a piece of cardboard.  You're curious so you ask them what they're doing. They explain to you that they are operating a corner bank.  They tell you that if you give them all the cash in your pocket, they will hold on to it for you.  Then at any time in the future, you can just ask them to spend it for you and they will deliver the cash wherever you like.  They are not insured by the FDIC (or anyone else). They do not go through any sort of audit or submit to any oversight. You are not allowed to know how much total cash they are holding right now.

Do you hand them your $1000 and walk away, hoping that they'll still be there with their folding table tomorrow when you come back to ask for some of that cash to be sent somewhere?  If not, why would you do the same with your bitcoins?

[ajax3592]

Now is not the best time to buy, a steep fall is coming in next months.
But of course it will cross $10000, even the "similar looking brothers" said so !  

[www.bluevec.co]

CONFIRMED: From time to time it will fall, but in general it will rise over the next months.

[greenlion]

Hitting that price is 100% dependant on Bitcoin being adopted by the mainstream and fully integrated into day-to-day life. Otherwise I don't see it happening. That is a tremendously high market cap, especially as the supply of bitcoin grows

That's 100% arbitrary, price is determined as the equilibrium of quantity demanded at a price versus quantity supplied at a price.

When people talk about "market cap" for Bitcoin it's really a metaphor, it's not a real thing. Market capitalization applies to stocks and other instruments where there are "shares". There is no such thing strictly as a "market cap" for a currency.

[operrajunk74]

Does anyone here think that all of the these hacking issues with wallets will have an impact on the growth of BTC price?  I know as the price goes up, hacking of wallets becomes more profitable, so I wonder if it'll cause some confidence issue with the digital currency.

The more non tech people will use Bitcoin, the more hacking of wallets will happen with malware. In fact online wallet with two factor authorization (SMS,yubikey) might be more secure for these non tech people

[Lauda]

CONFIRMED: From time to time it will fall, but in general it will rise over the next months.

Over the next years*

[leoragraves666]

I thought 400 will never come, but here it is, and faster than I thought. I guess with this much media attention, 1000 will come in 6 months time, unless there is some big CIA/FBI/NSA run on bitcoin.

[600watt]

Hitting that price is 100% dependant on Bitcoin being adopted by the mainstream and fully integrated into day-to-day life. Otherwise I don't see it happening. That is a tremendously high market cap, especially as the supply of bitcoin grows

yeah it´s almost reaching the market cap of rovio.


....wait...?   rovio ??


they made "angry birds"

[Lauda]

Hitting that price is 100% dependant on Bitcoin being adopted by the mainstream and fully integrated into day-to-day life. Otherwise I don't see it happening. That is a tremendously high market cap, especially as the supply of bitcoin grows

yeah it´s almost reaching the market cap of rovio.


....wait...?   rovio ??


they made "angry birds"

And they have millions of users. While we measure in thousands.

[donbu7]

Hitting that price is 100% dependant on Bitcoin being adopted by the mainstream and fully integrated into day-to-day life. Otherwise I don't see it happening. That is a tremendously high market cap, especially as the supply of bitcoin grows

yeah it´s almost reaching the market cap of rovio.


....wait...?   rovio ??


they made "angry birds"

And they have millions of users. While we measure in thousands.

How many thousands user are of bit coin?

[Lauda]

How many thousands user are of bit coin?

We can't really measure that.

[gerXhonza]

How many thousands user are of bit coin?

We can't really measure that.

It can be estimated though, with number of running bitcoin-qt nodes, and number of bitcoin-qt downloads. About 100.000+ users estimated, maybe 1 mil

[Lauda]

How many thousands user are of bit coin?

We can't really measure that.

It can be estimated though, with number of running bitcoin-qt nodes, and number of bitcoin-qt downloads. About 100.000+ users estimated, maybe 1 mil

Yes with the number of downloads. Also a relatively good reference is the number of registered member here.

[exstasie]

Does anyone here think that all of the these hacking issues with wallets will have an impact on the growth of BTC price?  I know as the price goes up, hacking of wallets becomes more profitable, so I wonder if it'll cause some confidence issue with the digital currency.

The more non tech people will use Bitcoin, the more hacking of wallets will happen with malware. In fact online wallet with two factor authorization (SMS,yubikey) might be more secure for these non tech people

The issue is that the non-tech are the ones will help increase demand, and thus raise the price of BTCs. Hopefully DFA will help increase some security!