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

[Zoolu]

Wish I had heard of bitcoin earlier

[ypoc4t]

I don't think BTC (and other major crypto currencies) is going to crash any time soon. I think there is plenty of market for the current and many new coins which haven't even started yet. Not many people realize that what's happening is actually the revolution we were all waiting for so long.

[saif92]

I just watch on landofbitcoin its touching 1000$ so now please fix now new target for 5000$ its better and hope its also happen very soon

[Lauda]

Wait for it to stabilize above $1000 first.

[Joohansson]

No one can predict the future of btc but this is one interesting approach:
Let say it will continue to grow 5% each day as the current trend tells;
1000x1.05=1050
1050x1.05=1102.5
1102.5x1.05=...etc.
That means it will reach $10000 in 47 days and $100000 in 95 days.. Just saying..

[ReBoRn]

No one can predict the future of btc but this is one interesting approach:
Let say it will continue to grow 5% each day as the current trend tells;
1000x1.05=1050
1050x1.05=1102.5
1102.5x1.05=...etc.
That means it will reach $10000 in 47 days and $100000 in 95 days.. Just saying..

good calculation if this all happen as your calculation then hope next year we have many million air bitcoiners here on this forum

[azguard]

No one can predict the future of btc but this is one interesting approach:
Let say it will continue to grow 5% each day as the current trend tells;
1000x1.05=1050
1050x1.05=1102.5
1102.5x1.05=...etc.
That means it will reach $10000 in 47 days and $100000 in 95 days.. Just saying..

nice in three mounts we are all billionaires

YUHUUUUUUUUUUU

 

[Valerian77]

No one can predict the future of btc but this is one interesting approach:
Let say it will continue to grow 5% each day as the current trend tells;
1000x1.05=1050
1050x1.05=1102.5
1102.5x1.05=...etc.
That means it will reach $10000 in 47 days and $100000 in 95 days.. Just saying..

What kind of nonsense - if it would grow that fast then sometime somebody will find out that the Bitcoin value is not in balance with the trading assets and the bubble will pop - maybe it goes down from 10000$ to 1000$ again.

[mewto]

waiting for bitcoins to hit 1000 on btc-e

Btw, I've noticed that all coins on btc-e trades lower than other exchanges. Any idea why? 

[Soulfap]

I genuinely believe bitcoin has a promising future. Whether bitcoin or another cryptocurrency will be the one to "conquer" the world remains to be seen.

[zuerdemon]

I just watch on landofbitcoin its touching 1000$ so now please fix now new target for 5000$ its better and hope its also happen very soon

The sonner it reach your target 5000$, the higher likelihood to crash very big. I preffer only slow steady rise, not this hype

[Lauda]

I genuinely believe bitcoin has a promising future. Whether bitcoin or another cryptocurrency will be the one to "conquer" the world remains to be seen.

The price will definitely be very high in the future.

[uininPeter]

I genuinely believe bitcoin has a promising future. Whether bitcoin or another cryptocurrency will be the one to "conquer" the world remains to be seen.

I agree, but not conquer the world, instead replaces PayPal, Western Union and so on.

[Ravocado]

I think we will see couple of ups and downs (pretty big too), but end value will be much higher than as of current. But we'll see ...

[max.]

Right now people that have millions of dollars can't get their money.

There is no money available to pay all the people that want their money right now.


This will make bitcoin to go down in price.

[Lauda]

Right now people that have millions of dollars can't get their money.

There is no money available to pay all the people that want their money right now.


This will make bitcoin to go down in price.

You're mistaken. Where is this coming from?

[uininPeter]

Right now people that have millions of dollars can't get their money.

There is no money available to pay all the people that want their money right now.


This will make bitcoin to go down in price.

MtGox have withdrawing issues for half year. Use different exchange and you should be fine. And it is market, when your sell order at x is filled, it mean someone bought at this price with money he deposited to the exchange already

[BittBurger]

You can (not legally) avoid taxes. There is no record of where you are when you create a wallet.

Wallet is irrelevant. I'm certain that legal bitcoin brokers like Coinbase will issue 1099's to record customer fiat cashouts to the IRS. Unless you want the entire cashout taxed, you'll need to provide proof of your purchase price to offset your cashout.
 

You're certain?

Based on what?

This is an important topic, nobody should make guesses about.

As per as much research as I can find, at this time, Coinbase does not issue 1099's.   Everything is too new.

Reward for early adopters?  I don't know.

But even PayPal has an entire page on when they will issue a 1099.  You must meet two criteria:

1)  Generate over $20,000 of income in 1 calendar year *and*
2)  Have over 200 transactions in 1 calendar year.

If you don't meet both criteria, paypal will not issue a 1099.
https://cms.paypal.com/us/cgi-bin/?cmd=_render-content&content_ID=marketing_us/IRS6050W

You realize that # 2 leaves it wide open .....

And it clearly states "This law applies to all payment processors".  So that would include Coinbase.

Now imagine having only 3 transactions totaling $100,000 .... you get the rest.

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[Taras]

Wish I had heard of bitcoin earlier

We all do

[Minecache]

Wish I had heard of bitcoin earlier

We all do

What's bitcoin?