When Will Bitcoin Reach $1000??

[freebird]

My 2 satoshis: Bitcoin could hit $1000 by the end of this year, if Chinese investors keep pumping in more money at the pace that's been going on for the past few weeks. More realistically, though, we'll end this year somewhere $500 to $800, then probably correct down to $400-$500 for a couple months and build a base, and then reach $1000 in another major upswing by mid 2014. If the Winklevoss ETF is approved, that should propel bitcoin into the thousands.

[cdtc]

In 6 months .

[ANiceJewishBoy]

https://bitcointalk.org/index.php?topic=329422.0

That won't provide that much money.

LOL

You don't think that multiple world wide events being mixed with Bitcoin sales will bring in money? That's a weird stance to take.

Random people with average small salaries? No.
Get a team of neurosurgeons on board (if we disregard investors), then we can talk.

Did you not look at what the event was?

It's not for the people invited to add money. It's to gain public recognition for Bitcoin. It will bring MORE than the value of ONE team of neurosurgeons.

[Abraxas601]

A rise to $1000 over the next year would be nice.  Any quicker and I would be concerned about a sudden an brutal "snapping" effect as the rubber band shoots back in my face.

The real question for me is, should I hoard or should I sell?

Since I do the bitcoin thing as a hobby I'm more inclined to just hoard them and see where things go in the coming years.



...and there's my n00bie post

[udet4food]

I think it will never reach 1000$ thats a big amount of price

There were times 1 BTC = 1 cent. Go figure 

[numberonecoin1]

Who knows  may die just tommorow.

[lindeanin]

A rise to $1000 over the next year would be nice.  Any quicker and I would be concerned about a sudden an brutal "snapping" effect as the rubber band shoots back in my face.

The real question for me is, should I hoard or should I sell?

Good question for myselves as well. I still hold most coins, but with such price it is profitable to spend buying goods with part of my coins

[mikixc]

Bitcoin is absolutely amazing I think it will reach 10k in 2-3 years.

[burdett4]

No one knows for sure.  They could become worthless overnight or end up becoming the new gold.  This is part of why investing in them is so alluring. 

[ANiceJewishBoy]

A rise to $1000 over the next year would be nice.  Any quicker and I would be concerned about a sudden an brutal "snapping" effect as the rubber band shoots back in my face.

The real question for me is, should I hoard or should I sell?

Since I do the bitcoin thing as a hobby I'm more inclined to just hoard them and see where things go in the coming years.



...and there's my n00bie post

BOTH. Horde, sell some, make money. Buy more.

[ANiceJewishBoy]

No one knows for sure.  They could become worthless overnight or end up becoming the new gold.  This is part of why investing in them is so alluring. 

There is no chance of "worthless overnight" any more, unless Satoshi Himself comes back and deletes Bitcoin from the face of the Earth.

[sealberrder]

No one knows for sure.  They could become worthless overnight or end up becoming the new gold.  This is part of why investing in them is so alluring. 

Even if US approved anti-bitcoin law, Bitcoin wouldnt be worthless at all, still many places to be used

[AnAnarchist]

With the recent Chinese surge... I'm thinking this is a bubble so back to $200 for a month in before December.

Gradual increase to $1000 by say... July next year. There will be boom and bust cycles though.

Bitcoin is just too unpredictable right now.

[Lauda]

With the recent Chinese surge... I'm thinking this is a bubble so back to $200 for a month in before December.

Gradual increase to $1000 by say... July next year. There will be boom and bust cycles though.

Bitcoin is just too unpredictable right now.

But there is that psychological barrier that someone mentioned at 1000$.

[acespoker]

Bitcoin gambling will overtake the traditional gambling industry with all their pointless gaming commissions, ridiculous government regulations and unjustifiably high credit card/wallet commissions. When that happens, provably fair gambling alone should drive the price to about $4k, considering the online gambling industry right now is about $40bln with all the constraints forced around it.

[hashturbator]

With the recent Chinese surge... I'm thinking this is a bubble so back to $200 for a month in before December.
Gradual increase to $1000 by say... July next year. There will be boom and bust cycles though.
Bitcoin is just too unpredictable right now.

But there is that psychological barrier that someone mentioned at 1000$.

There's also psychological barriers at 400, 500, 750, 1,000, xxxxx ...as long as a larger majority of BTC holders are in it primarily for speculative purposes, people will assign their own value to it based upon their opinion of when their reward over investment is of greater value (to them) vs. the risk of loss in profit. For this reason, we will see the boom and bust cycles already mentioned. A bird in the hand is worth two in the bush.

...that all changes when BTC reaches critical mass and you no longer exchange it for cash, but instead for goods and services. Then we'll have stability.

[jerelimZ]

Bitcoin gambling will overtake the traditional gambling industry with all their pointless gaming commissions, ridiculous government regulations and unjustifiably high credit card/wallet commissions. When that happens, provably fair gambling alone should drive the price to about $4k, considering the online gambling industry right now is about $40bln with all the constraints forced around it.

I have to agree, but it will take longer. Current Bitcoin poker clients have long way to be competetive with PokerStars client

[Lauda]

There's also psychological barriers at 400, 500, 750, 1,000, xxxxx ...as long as a larger majority of BTC holders are in it primarily for speculative purposes, people will assign their own value to it based upon their opinion of when their reward over investment is of greater value (to them) vs. the risk of loss in profit. For this reason, we will see the boom and bust cycles already mentioned. A bird in the hand is worth two in the bush.

...that all changes when BTC reaches critical mass and you no longer exchange it for cash, but instead for goods and services. Then we'll have stability.

Technically yes, but still no.
If I was going to sell, I'd sell at 1000.

[hashturbator]

There's also psychological barriers at 400, 500, 750, 1,000, xxxxx ...as long as a larger majority of BTC holders are in it primarily for speculative purposes, people will assign their own value to it based upon their opinion of when their reward over investment is of greater value (to them) vs. the risk of loss in profit. For this reason, we will see the boom and bust cycles already mentioned. A bird in the hand is worth two in the bush.

...that all changes when BTC reaches critical mass and you no longer exchange it for cash, but instead for goods and services. Then we'll have stability.

Technically yes, but still no.
If I was going to sell, I'd sell at 1000.

I'm not sure of your point...? I don't know that I would ever sell out of my BTC, and I probably wouldn't sell a single one until ~$5k. Here's an example of varying values placed upon the very same thing.

[huadylmate]

There's also psychological barriers at 400, 500, 750, 1,000, xxxxx ...as long as a larger majority of BTC holders are in it primarily for speculative purposes, people will assign their own value to it based upon their opinion of when their reward over investment is of greater value (to them) vs. the risk of loss in profit. For this reason, we will see the boom and bust cycles already mentioned. A bird in the hand is worth two in the bush.

...that all changes when BTC reaches critical mass and you no longer exchange it for cash, but instead for goods and services. Then we'll have stability.

Technically yes, but still no.
If I was going to sell, I'd sell at 1000.

I'm not sure of your point...? I don't know that I would ever sell out of my BTC, and I probably wouldn't sell a single one until ~$5k. Here's an example of varying values placed upon the very same thing.

Me too, but I dont care if BTC goes under $10, I wouldn sell. I believe Bitcoin has big potential so why sell.