When Will Bitcoin Reach $1000??

[Baitty]

The way the price is skyrocketing, the market is bound to face a crash!

I would say correction. I feel the correction is almost comming. No $1000 this year I believe

When do you think out of curiosity?  Mid 2014?

[ScryptAsic]

The way the price is skyrocketing, the market is bound to face a crash!

I would say correction. I feel the correction is almost comming. No $1000 this year I believe

You mean bubble?

[2sog]

The way the price is skyrocketing, the market is bound to face a crash!

I would say correction. I feel the correction is almost comming. No $1000 this year I believe

You mean bubble?

I would say correction as I'm fairly certain in a few days when the price has lowered bitcoins will still be around. So time to sit back, watch the price lower and pick a time to buy 

[KGBSlim]

Well its dropped 30USD each since I checked earlier........I was thinking it is a fact if nobody is spending coins and just letting them sit the value decreases. Maybe im wrong but so far transaction numbers directly reflect what I was saying. Could be a coincidence that has happened repeatedly but im standing by that as my reasoning prices will fall out and back down soon. Maybe not to under a hundred but there will be a significant drop more than the 10% I just seen today. I will be the first to admit I was wrong, would love to see values skyrocket but if past history of any coin, precious metal etc has gone through same climbs and falls. Gold has a ton of uses besides jewelery, Silver does too but there is so much of it and it is mined for 20.00 an ounce or so. Am I wrong to think if it cost 500USD to mine a BTC that the price will eventually reflect that in a relative time? Once again this is all just my own opinions and im not debating who is right. I really enjoy reading eveyones takes on this. Have a good weekend peeps!

[ANiceJewishBoy]

The way the price is skyrocketing, the market is bound to face a crash!

I would say correction. I feel the correction is almost comming. No $1000 this year I believe

There will be a pre and post-Xmas surge. Gift buying and people buying bitcoins with Christmas card money. So I definitely think it is possible.

[manort]

My own inexpert opinion, but the current run up is going to crash within a day or two. Good time to sell and wait for the crash to buy back in. This is going to happen many times.  It'll reach 1000 as a solid floor by the spring.

[KGBSlim]

My own inexpert opinion, but the current run up is going to crash within a day or two. Good time to sell and wait for the crash to buy back in. This is going to happen many times.  It'll reach 1000 as a solid floor by the spring.

My inexpert opinion agrees with yours. Again im rooting for it to skyrocket! But I think it will dive first. Also I been checking difficulty since im into mining myself and is it just me or did a huge chunk come off the network?

[Altoidnerd]

I think this bubble will get us close to the $500 range then settle in the 250-300ish and sit for a bit before going up again and then we might see $1000 at it's top before it pops again.  It'll be a while before we get a solid stable $1000+ Bitcoin.

Indeed.  We have seen this pattern before.  Best strategy?  Hold.  Don't give a shit.  Because the small gains now aren't worth to hassle compared to simply buying them up.  Keep converting your USD to BTC on a regular basis.  If you did this blindfolded, with no clue of the current price, you will win hard as hell just just the rest of us, with half the trouble.

I am a fan of dollar cost averaging.  That's what I do, and it feels good.  I don't stress.  I just take the USD I can shit on or buy beer with, and it turns into BTC on the regular.  Every time I do the accounting, my gains in an an average time are quite close.

[greenlion]

Indeed.  We have seen this pattern before.  Best strategy?  Hold.  Don't give a shit.  Because the small gains now aren't worth to hassle compared to simply buying them up.  Keep converting your USD to BTC on a regular basis.  If you did this blindfolded, with no clue of the current price, you will win hard as hell just just the rest of us, with half the trouble.

I am a fan of dollar cost averaging.  That's what I do, and it feels good.  I don't stress.  I just take the USD I can shit on or buy beer with, and it turns into BTC on the regular.  Every time I do the accounting, my gains in an an average time are quite close.

I think this is completely correct. The gains from short-term speculation are chump change compared to the long-term potential of BTC really being a prominent international monetary instrument. If Bitcoin really does change the world, who the hell cares whether you bought in at $10, $100, or $1000 dollars if it hits the six-figure range.

[Lauda]

As long as you hold onto them forever, you're fine.

[vendetahome]

I think this bubble will get us close to the $500 range then settle in the 250-300ish and sit for a bit before going up again and then we might see $1000 at it's top before it pops again.  It'll be a while before we get a solid stable $1000+ Bitcoin.

Indeed.  We have seen this pattern before.  Best strategy?  Hold.  Don't give a shit.  Because the small gains now aren't worth to hassle compared to simply buying them up.  Keep converting your USD to BTC on a regular basis.  If you did this blindfolded, with no clue of the current price, you will win hard as hell just just the rest of us, with half the trouble.

I am a fan of dollar cost averaging.  That's what I do, and it feels good.  I don't stress.  I just take the USD I can shit on or buy beer with, and it turns into BTC on the regular.  Every time I do the accounting, my gains in an an average time are quite close.

This, it is tough to trade, and if inexperienced you may do many mistakes. Just holding is better option for not pro traders

[ANiceJewishBoy]

Use devtome, get free coins to cover loss.

[waltermot321]

Next year, correction is underway and I am guessing it won't go up until the price is stable again..

[ANiceJewishBoy]

Next year, correction is underway and I am guessing it won't go up until the price is stable again..

Christmas is coming. There is going to be a rush to buy, if not globally, then at least in the town where there is an ATM.

[Lauda]

Before xmas 2014!

I highly doubt that.

[torontocoinexchange]

It would be interesting to see if that's the case...

[Lauda]

A $1000 bubble would be interesting, the crash afterwards would be insane.

[Valerian77]

Next year, correction is underway and I am guessing it won't go up until the price is stable again..

Correction for what ? It is clear that the course cannot rise with drawbacks. But the fundamental model is that safe that only real correction will go beyond 10kUSD. Anything else are just small oscillations around the surging value.

[Lauda]

Next year, correction is underway and I am guessing it won't go up until the price is stable again..

Correction for what ? It is clear that the course cannot rise with drawbacks. But the fundamental model is that safe that only real correction will go beyond 10kUSD. Anything else are just small oscillations around the surging value.

10k USD? You're a madly optimistic man.

[Valerian77]

Next year, correction is underway and I am guessing it won't go up until the price is stable again..

Correction for what ? It is clear that the course cannot rise with drawbacks. But the fundamental model is that safe that only real correction will go beyond 10kUSD. Anything else are just small oscillations around the surging value.

10k USD? You're a madly optimistic man.

Maybe - maybe not - check my other posting:
https://bitcointalk.org/index.php?topic=328845.msg3542247#msg3542247