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Author Topic: When will the price go to $1000/BTC?  (Read 2924 times)
superduh
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September 08, 2013, 08:43:42 PM
 #21

by December-
reason: people won't be selling coins from their (mostly negative ROI) to fiat below what it cost them in bitcoins or fiat.
this means that people will be more STUBBORN and won't wish to sell. price -> skyrocket to $1000 sometime next year

ok
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nobbynobbynoob
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September 08, 2013, 08:48:20 PM
 #22

The transition to talking more in terms of mBTC/µBTC will take place organically.

The first major bubble peaked at 31,90 USD, then slumped to 1,99 USD.
The second bubble peaked at 266 USD, then slumped to 50 USD.

I think it is likely we can see 400 USD by the middle of next year and would be surprised if it's much less than that. The current exponential growth trend is one order of magnitude roughly every year. Who knows when that will end?

I'll vote with predictions from my behind and say 400 USD by next June, at least 1000 USD within two years, with 0 USD not being anywhere near impossible.

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adworker
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September 09, 2013, 10:13:37 PM
 #23

What do you think?

I think there is similar thread:

"will the bitcoin reach $1000 one day...?"
https://bitcointalk.org/index.php?topic=242160
mgio
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September 09, 2013, 11:17:52 PM
 #24

I don't think $1000 is possible until the block reward halves. So no earlier than 2016.

Of course, if fiat currencies collapse before then, the sky will be the limit.

Why would the block reward have anything to do with it?
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