When Will Bitcoin Reach $1000??

[Lauda]

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

Just buy up more at that price.

[Glutamine1]

what's the Chinese surge?

[i.am.myles]

you're all assuming the only way is up. it could plummet just as much as it is surging (although not likely by the look of things)

[Lauda]

you're all assuming the only way is up. it could plummet just as much as it is surging (although not likely by the look of things)

Everything can plummet. Gold could be worth 0.00001 cents tomorrow so could diamonds, but we all know that isn't happening.

[Glutamine1]

you're all assuming the only way is up. it could plummet just as much as it is surging (although not likely by the look of things)

Everything can plummet. Gold could be worth 0.00001 cents tomorrow so could diamonds, but we all know that isn't happening.

this. The bubble will pop and it'll drop, however it'll go back up inflating the bubble, and it'll pop again. It's normal. Look at all stocks through history that had their rides (ie qualcomm, kmart, boeing, ford, etc etc). some of these companies were valued high per share at a certain point, took a massive dip at some point, some came back and well others - not so much.

[Lauda]

When it does pop, it will bounce back.

[zubelutte]

you're all assuming the only way is up. it could plummet just as much as it is surging (although not likely by the look of things)

Everything can plummet. Gold could be worth 0.00001 cents tomorrow so could diamonds, but we all know that isn't happening.

Bitcoin has still its useability even if price crashes under $100. Price is only market value between demand/offer, so I dont care about current price. If it hit $1000 next year, fine, if not, fine as well  

[Lauda]

Correct. People traded it before when it was valued much less than it is now.

[NebulusX]

I wouldn't hold my breath on it hitting $1000 next year.

[Valerian77]

Not idea when exactly the price will reach 1000$. But I tend to believe it will be 10000$ end of 2015.

The reasons:
(1) baidu.com accepts Bitcoin. China has 500 Mio internet users which is beyond the rest of the world together
(2) Bitcoin cannot be vanished from the cyberspace anymore - if so some would have done already
(3) Bitcoin is not far from mass adoption. The barrier is low and nearly no investments must be done
(4) When Bitcoin becomes massively adopted it will replace WU (6000 Mio $) PP (7000 Mio $) etc

That is > 12000 Mio USD just for two of many companies. Now they are around 12 Mio BTC which is 1000 USD/BTC.
WU has 17% market share. That means the market for Bitcoin may be ten times as big eq. 120000 Mio USD which means nothing else than 10000 USD/BTC.

Until end of 2015 we have around 750 days. Let's say now the price is 300 USD (it is higher already). So the price will surge for 9700 / 700 USD/day ~13.8 USD ---

I think just the rise of 14 USD per day is a big reason for any business owner or shop to accept Bitcoin.

Finally it will take something like (1000 - 300) / 14 ~ 50 days until BTC is at 1000 $. From that point my prediction would be end of January.

[Sythyn]

next month after hashfast deliver their miners.....

[boogi]

one day

[420smokz]

one day

When exactly? Next year?

[JTrain_51]

I have used the bitcoin atm machine several times and i have to say that it will either change bitcoin into a brilliant thing or it could ruin bitcoin from all the drug dealers finding something to do with the there drug money/dirty cash

I think it will take one store like walmart , target , superstore or some big store to accept bitcoin.

[tomko222]

In my opinion this year

[Lauda]

next month after hashfast deliver their miners.....

That makes no sense. That's not relevant to the price.

[ANiceJewishBoy]

I wouldn't hold my breath on it hitting $1000 next year.

LOL

I really don't see how anyone can still think that. There is a bitcoin ATM in the streets. Watch 2 more come, then 5 more, the 10 more. etc etc.

I heard there are already like 50 on their way out to different places.

[Raimis18]

2014 01 18

Not idea when exactly the price will reach 1000$. But I tend to believe it will be 10000$ end of 2015.

The reasons:
(1) baidu.com accepts Bitcoin. China has 500 Mio internet users which is beyond the rest of the world together
(2) Bitcoin cannot be vanished from the cyberspace anymore - if so some would have done already
(3) Bitcoin is not far from mass adoption. The barrier is low and nearly no investments must be done
(4) When Bitcoin becomes massively adopted it will replace WU (6000 Mio $) PP (7000 Mio $) etc

That is > 12000 Mio USD just for two of many companies. Now the are around 12 Mio BTC which is 1000 USD/BTC.
WU has 17% market share. That means the market for Bitcoin may be ten times as big eq. 120000 Mio USD which means nothing else than 10000 USD/BTC.

Until end of 2015 we have around 750 days. Let's say now the prise is 300 USD (it is higher already). So the pice will surge for 9700 / 700 USD/day ~13.8 USD ---

I think just the rise of 14 USD per day is a big reason for any business owner or shop to accept Bitcoin.

Finally it will take something like (1000 - 300) / 14 ~ 50 days until BTC is at 1000 $. From that point my prediction would be end of January.

[johncarpe64]

Tomorrow if Obama mention Bitcoin

[bitcoinwheel]

hopefully one day soon, when that day comes a lot of us will be rich!