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

[Lauda]

Might be much closer than we all think.

[Imerman2]

I would be very surprised if Bitcoin is still in use two decades from now, getting a new crypto-currency right on the first try would be one hell of a feat.  I know its open-source so many changes can be made, but I think once Bitcoin approaches the 21 million coin mark it will begin to be overtaken by another coin that has a slow rate of coin creation, maybe one that settles down somewhere around 1-4% increase in total coins per year instead of Bitcoins eventually stable supply.  Gold and silver were the monies chosen by the market and their supply is always increasing, it would seem the ideal cryptocurrency would mimic this characteristic.  A stable supply will end up misallocating resources in the economy and specifically screw over Bitcoin miners.  I can't say for sure, but that's my prediction.

[OleOle]

I would be very surprised if Bitcoin is still in use two decades from now, getting a new crypto-currency right on the first try would be one hell of a feat.  I know its open-source so many changes can be made, but I think once Bitcoin approaches the 21 million coin mark it will begin to be overtaken by another coin that has a slow rate of coin creation, maybe one that settles down somewhere around 1-4% increase in total coins per year instead of Bitcoins eventually stable supply.  Gold and silver were the monies chosen by the market and their supply is always increasing, it would seem the ideal cryptocurrency would mimic this characteristic.  A stable supply will end up misallocating resources in the economy and specifically screw over Bitcoin miners.  I can't say for sure, but that's my prediction.

Although you didn't venture an opinion on the thread title topic (unless you posted earlier and I missed it) I tend to agree with your comments. Gold increases about the rate of three percent a year from mining, enough for it to retain scarcity, maintain elasticity in the price and provide incentive for new capital to be deployed mining it.

Good observations, thanks for posting them.

[Johnny Bitcoinseed]

It could easily blow past US$1000.  For example, here is one pure imaginary speculation considering the quick expansion btc has been doing:

Current value end of 2013: $400+
End of 2014:  6X current value (more people on board, more places to spend BTC)
End of 2015:  3X value of 2016 (more people on board, more places to spend BTC)
Enod of 2016: 1/5X value of 2017

After 3 years:  6 X 3 X 1.5 X $400 = 27 x $400 = $10,800
If you had 100 bitcoins you would be a millionaire.

Pure speculation, but you can see the potential.  Of course nobody knows, the whole thing could crash and burn or bitcoin values not rise so fast or maybe even drop.

I recommend everyone get a couple of bitcoins.  What the heck, it could possibly massively pay off.  Plus it's alot of fun.  Beats scratching lottery tickets and picking numbers from a state lottery.  And the potential payoff far greater.

[retrotowers]

I think it will someday, but then again just because I think something doesn't mean it will actually happen.

[raspcoin]

At this rate it should happen by 2014, the year of bitcoin ATM's.

[PrFen]

I am pretty sure that 1 BTC will reach $1000 at some point in 2014, and believe it will not be max value at all

[davidbow]

Some times ago we discussed about 300 USD then 400 USD for 1 BTC now it cost 400.
It was just recently.

[Joenaes]

It only has to double, so yes we will see it and probably pretty soonish.
The question is, do we see it in 2013? On Xmas day? 

[Rupture]

Next month 

[pollsteer23]

Long term bitcoin still has upside of 100x -10,000x. It could also go to zero but zero is looking less and less likely. Short term anything is possible. In the next month it should trade between $100 and $2000.

[Jochen]

I don't know how Paypal and Ebay are thinking about adding bitcoins to their possibility, but if they will and people are starting to see this, it will give a large boost to the bitcoins..
I'm not an econom.. Just speculating..

Grtz

[psychocoin]

$1000 in February 2014 is my guess now. $10000 Q1 of 2015

[bitcoin44me]

$1000 in February 2014 is my guess now. $10000 Q1 of 2015

Yes and in 2020 you will buy Apple with half a bitcoin

[mprep]

$1000 in February 2014 is my guess now. $10000 Q1 of 2015

I'd say that's a little too hight. I think it'll be around $800 in 2014 February and maybe $4600 at the start of 2015.

[raspcoin]

It hit $500 earlier than I expected. If adoption continues to grow at this rate, $750 should not be out of reach by the end of the year.

[Lee0044]

Yes defiantly 100%   

[Cyberdyne]

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

You're clearly an economist

I'm not as defiant as Lee, but I'm sure BTC will hit $1000 within a year or two.

[hypostatization]

Doubtful. Newer alts and more feature rich alts will begin chipping away at it.

[Lee0044]

Within a year or two, I think. With the caveat it might also drop to zero.

I agree, if bitcoin doesn't fail and drop to $0, it will absolutely reach $1000, and almost certainly reach $10,000.

$10,000?!?!   Really?? That would take a very long time....