When Will Bitcoin Reach $1000??

[MR2]

Did some of you guys think what BTC actually is .. Value is exactly demand.

Guess what happens, when loads of people will get USD to buy xmas presents for example. It crashes hardly. And you will get no cash, because it's just not there in that amount. The exchanges are not regulated by any manner. So as higher BTC goes, as higher is the risk, that it will collapse.

Everything is in the skys :-)

PS: Resending this post every 10 seconds, because I have no idea how long that 350 timer will last .. not so sure if that is good for traffic .. would love to have an alternative ..

[ANiceJewishBoy]

Love everybodies take on this!! Of course its all speculation no matter what you think, so no need to flame each other. I do think it will hit 1000.00 easy under a year from now, I also beleive there will be another selloff that will cause a huge drop again like after the 242.00 in April or whenever that was. We need transactions to happen not the Chinese hoarding them like pokemon cards! This huge buy up by them is fueling the raise in price obviously but when that hype is done and all those coins are dormant in a bitcoin wallet it doesnt help in my opinion. If they arent being spent it defeats the damn purpose of them, I kind of hate how people are using it as a stock investment. Not saying its wrong but in the long run its not a good thing when we want BTC to be a fully functioning payment and not a stock. When large amounts are held by any person or entity thats when the bullcrap happens.....example - what if Bill Gates bought up every available BTC tomorrow then put them in a wallet and tossed it in the ocean?? I know the results could be a million different scenarios but most of the possible outcomes arent too awesome, unless you think the remaining coins would be worth a million a piece which is not realistic. Just my opinion, I dont know for sure, none of us do or wed all be loaded right now. Cheers guys!

Agreed. I've been trying to get the Devcoin community to understand the same concept. Coins don't gain value by sitting, your coins that are sitting gain value because other people have coins that are switching hands. (not you specifically, just like general "your" )

[duravello]

Guess what happens, when loads of people will get USD to buy xmas presents for example. It crashes hardly. And you will get no cash, because it's just not there in that amount. The exchanges are not regulated by any manner. So as higher BTC goes, as higher is the risk, that it will collapse.

You can buy xmas presents with BTC directly. There are a lot of merchants accepting BTC to choose from 

[ANiceJewishBoy]

http://app.gyft.com

This link is a place that sells Gift Cards for Bitcoin. Amazon is included, so you can buy almost anything with Bitcoin via Amazon. I've bought books, video games and sunglasses (for my sisters birthday)
And you can get the app on your phone then get something like a Burger King gift card and walk into burger king and use it.

[MR2]

Good Old Amazon Giftcards. Is there anything more versatile than that .. :-) *black* *black* *black* hehe

funnily (amazon) giftcards are some sort of currency in different "zones" of this world.

[ANiceJewishBoy]

Everyone should check out this thread:
https://bitcointalk.org/index.php?topic=321086.0

[ANiceJewishBoy]

Just found this thread too
https://bitcointalk.org/index.php?topic=242160.0

[plato14]

Did some of you guys think what BTC actually is .. Value is exactly demand.

Guess what happens, when loads of people will get USD to buy xmas presents for example. It crashes hardly. And you will get no cash, because it's just not there in that amount. The exchanges are not regulated by any manner. So as higher BTC goes, as higher is the risk, that it will collapse.

Everything is in the skys :-)

PS: Resending this post every 10 seconds, because I have no idea how long that 350 timer will last .. not so sure if that is good for traffic .. would love to have an alternative ..

 rising bitcoin prices will effect spending behavior people will spend less, so as not to miss out on future gains

[ANiceJewishBoy]

Did some of you guys think what BTC actually is .. Value is exactly demand.

Guess what happens, when loads of people will get USD to buy xmas presents for example. It crashes hardly. And you will get no cash, because it's just not there in that amount. The exchanges are not regulated by any manner. So as higher BTC goes, as higher is the risk, that it will collapse.

Everything is in the skys :-)

PS: Resending this post every 10 seconds, because I have no idea how long that 350 timer will last .. not so sure if that is good for traffic .. would love to have an alternative ..

 rising bitcoin prices will effect spending behavior people will spend less, so as not to miss out on future gains

But others will cash out, so as to make sure they don't lose out. Thinking that this is just a fad, which I am positive many people do.

[MelodyRowell]

I will sell at $1000 once it hit that level... Hopefully before Christmas since I need the money...

[ANiceJewishBoy]

There is going to be a HUGE surge in writers coming to the coin world. Please share these videos to make it happen faster.

National Novel Writing Month (HAPPENING RIGHT NOW) + Getting Published and Paid in Coins http://www.youtube.com/watch?v=Rdn0OU4JrsU
What is Devtome and Devcoin? http://www.youtube.com/watch?v=XWsmx6JmqCc
How Do You Register An Account With Devtome? http://www.youtube.com/watch?v=6eMy2e2FEH4
How Do You Submit An Article for Coins: http://www.youtube.com/watch?v=wsM9BKo4lAk

[ANiceJewishBoy]

I will sell at $1000 once it hit that level... Hopefully before Christmas since I need the money...

That too. We ALL need money.

[swappermall]

This is what I predicted at http://canonizer.com/topic.asp/154/6 on August 27, 3013.  Since then, I have formed the opinion that my formula was too conservative.  I now expect the value of a Bitcoin to reach $1,000 by June, 2013.

"By plotting a predictive exponential curve that maximally fits current Mt. Gox close data since the first recorded date of July 17, 2010, it is possible to glean a formula that roughly tracks the following equation:
Predicted value of Bitcoin=(0.208641165)*[(1.005309994)^(Number of days since July 17, 2010)]
According to this formula, the value of a Bitcoin on December 8, 2014 will be $1,003.92.
The use of this formula assumes that the rate of Bitcoin's exponential rise will not succumb to a slowdown due to currency market saturation until sometime after 2014."

[ANiceJewishBoy]

Bitcoin will surpass expectations. It is not a regular stock, it is Apple before they made the Ipod.

One day someone will invent something amazing and it will only be sold in exchange for Bitcoin.
Then we can start making proper market evaluations. Until then, we can only expect good things, because no one even knows about it yet.

[ANiceJewishBoy]

Everyone should go on Facebook TODAY and make "Bitcoin Exchange Day"s scheduled right before Christmas.

Instead of going on Craigslist and meeting some guy 1 on 1, why not have a giant meeting where people come to buy and sell coins. If you can have it overlap (same place, same day, etc) with another local event you can get more attendees, like maybe do it on your regions Christmas light celebration, and make sure to advertise how it makes a great gift for kids because they not only get to buy whatever they want, they get to talk about a new technology with their friends.

[Sindelar1938]

1000 by early 2015

[ANiceJewishBoy]

1000 by early 2015

I think Americans will turn on to Bitcoins before that.

[MicroGuy]

Re: When Will Bitcoin Reach $1000??

Yes. But only if Satoshi returns and fixes the code.  

[beetcoin]

the way we see $1,000/coin today is a lot more realistic than the way we saw $350 11 months ago  

[MicroGuy]

Re: When Will Bitcoin Reach $1000??

Yes. But only if Satoshi returns and fixes the code.