Here's two major reasons why Bitcoin will soon pass $2000

[Kazimir]

1. India
2. Brazil

These countries have shit loads of money ready to be invested in new opportunities. Once these guys go crazy over Bitcoin, I expect another huge, HUGE rise.

[BitcoinBarrel]

But do they have $2000 per Bitcoin to invest?

[Syke]

But do they have $2000 per Bitcoin to invest?

Here's a secret.

<whisper>
People don't have to buy a full bitcoin.
</whisper>

[Salivan]

1. India
2. Brazil

These countries have shit loads of money ready to be invested in new opportunities. Once these guys go crazy over Bitcoin, I expect another huge, HUGE rise.

honestly I doubt this at least at this point. We are still waiting for Europe to join the cart, maybe than other countries will recognize bitcoin as serious investment

[niothor]

1. India
2. Brazil

These countries have shit loads of money ready to be invested in new opportunities. Once these guys go crazy over Bitcoin, I expect another huge, HUGE rise.

Country having money =/= citizens having money
Sorry but for 2k , 10k  and 100k , we need those good old Us dollars and Euros.

[Wilhelm]

1. India
2. Brazil

These countries have shit loads of money ready to be invested in new opportunities. Once these guys go crazy over Bitcoin, I expect another huge, HUGE rise.

honestly I doubt this at least at this point. We are still waiting for Europe to join the card, maybe than other countries will recognize bitcoin as serious investment

Europe is already in. I've been into bitcoin a while and half my department own bitcoins.
Even my mom and uncle knows about bitcoin.

Germany sees bitcoin as a valid denomination of money.
Holland has indicated how tax should be paid on bitcoin. You can buy bitcoin through your bank.

What do you mean with "We are still waiting for Europe to join the card" ?

[Kazimir]

But do they have $2000 per Bitcoin to invest?

Not sure, but they definitely got $2 to invest per mBTC.

[Salivan]

1. India
2. Brazil

These countries have shit loads of money ready to be invested in new opportunities. Once these guys go crazy over Bitcoin, I expect another huge, HUGE rise.

honestly I doubt this at least at this point. We are still waiting for Europe to join the card, maybe than other countries will recognize bitcoin as serious investment

Europe is already in. I've been into bitcoin a while and half my department own bitcoins.
Even my mom and uncle knows about bitcoin.

Germany sees bitcoin as a valid denomination of money.
Holland has indicated how tax should be paid on bitcoin. You can buy bitcoin through your bank.

What do you mean with "We are still waiting for Europe to join the card" ?

sorry I am butchering english sometimes
I mean very low  volume in Europe
 

[niothor]

1. India
2. Brazil

These countries have shit loads of money ready to be invested in new opportunities. Once these guys go crazy over Bitcoin, I expect another huge, HUGE rise.

honestly I doubt this at least at this point. We are still waiting for Europe to join the card, maybe than other countries will recognize bitcoin as serious investment

Europe is already in. I've been into bitcoin a while and half my department own bitcoins.
Even my mom and uncle knows about bitcoin.

Germany sees bitcoin as a valid denomination of money.
Holland has indicated how tax should be paid on bitcoin. You can buy bitcoin through your bank.

What do you mean with "We are still waiting for Europe to join the card" ?

Blockchain hold 27mils transactions.
Assuming every transaction is to a unique person we would still only have less than 5% of Europe population abroad

[Wilhelm]

1. India
2. Brazil

These countries have shit loads of money ready to be invested in new opportunities. Once these guys go crazy over Bitcoin, I expect another huge, HUGE rise.

honestly I doubt this at least at this point. We are still waiting for Europe to join the card, maybe than other countries will recognize bitcoin as serious investment

Europe is already in. I've been into bitcoin a while and half my department own bitcoins.
Even my mom and uncle knows about bitcoin.

Germany sees bitcoin as a valid denomination of money.
Holland has indicated how tax should be paid on bitcoin. You can buy bitcoin through your bank.

What do you mean with "We are still waiting for Europe to join the card" ?

Blockchain hold 27mils transactions.
Assuming every transaction is to a unique person we would still only have less than 5% of Europe population abroad

A lot of europeans know about bitcoin but don't participate.
I don't think >10% of the USA is in bitcoin either.

Yes I do believe that the heavy investors still need to get into bitcoin and believe it will drive the prive to new levels.
Another problem is that a lot of people don't understand how bitcoin works.

[Hfertig]

1. India
2. Brazil

These countries have shit loads of money ready to be invested in new opportunities. Once these guys go crazy over Bitcoin, I expect another huge, HUGE rise.

honestly I doubt this at least at this point. We are still waiting for Europe to join the card, maybe than other countries will recognize bitcoin as serious investment

Europe is already in. I've been into bitcoin a while and half my department own bitcoins.
Even my mom and uncle knows about bitcoin.

Germany sees bitcoin as a valid denomination of money.
Holland has indicated how tax should be paid on bitcoin. You can buy bitcoin through your bank.

What do you mean with "We are still waiting for Europe to join the card" ?

Blockchain hold 27mils transactions.
Assuming every transaction is to a unique person we would still only have less than 5% of Europe population abroad

A lot of europeans know about bitcoin but don't participate.
I don't think >10% of the USA is in bitcoin either.

Yes I do believe that the heavy investors still need to get into bitcoin and believe it will drive the prive to new levels.
Another problem is that a lot of people don't understand how bitcoin works.

Why would investors "need" to get into bitcoin ?
Why Brazil and India ? Most people are very poor over there and do not even have a computer

[hope4me]

Holland has indicated how tax should be paid on bitcoin. You can buy bitcoin through your bank.

When this happen worldwide, Bitcoin price will be above $10000

[BitcoinBarrel]

But do they have $2000 per Bitcoin to invest?

Here's a secret.

<whisper>
People don't have to buy a full bitcoin.
</whisper>

That's not the point. If you're spending $2 for a mBTC then you are spending $2000 a coin. That's a lot of money for a Bitcoin when it was $10 in January.

India is a very tech-savvy country, and if they aren't onboard now then what makes you think they will be later?

[niothor]

Why would investors "need" to get into bitcoin ?
Why Brazil and India ? Most people are very poor over there and do not even have a computer

People need anothe China hype.
And it sounds cool when it's India or exotic for Brazil , not the Us or Europe we're all bored with

[Kazimir]

sorry I am butchering english sometimes
I mean very low  volume in Europe

Disagree. BTC-e and Bitstamp (both European) combined have some significant volumes, larger than either MtGox or BtcChina.

And that's just BTC/fiat trading. As for Bitcoin-economy itself, it's booming here in Europe. Germany accepted Bitcoin as an official currency (obviously with taxed in mind, but hey, legislation is a good thing to grow!) and Berlin is becoming the "Bitcoin capital of Europe" with new businesses (not just online, but actual shops, bars, etc) accepting Bitcoin appearing almost daily.

[hacknoid]

1. India
2. Brazil

These countries have shit loads of money ready to be invested in new opportunities. Once these guys go crazy over Bitcoin, I expect another huge, HUGE rise.

honestly I doubt this at least at this point. We are still waiting for Europe to join the card, maybe than other countries will recognize bitcoin as serious investment

Europe is already in. I've been into bitcoin a while and half my department own bitcoins.
Even my mom and uncle knows about bitcoin.

Germany sees bitcoin as a valid denomination of money.
Holland has indicated how tax should be paid on bitcoin. You can buy bitcoin through your bank.

What do you mean with "We are still waiting for Europe to join the card" ?

(from http://www.thegenesisblock.com/wp-content/uploads/2013/05/downloads-per-capita.png?be58f1 - sorry about the size)

[aminorex]

I have never yet met a New York taxi driver who knew what a bitcoin was.  There are a lot of new users in the pipe.

[BitcoinAshley]

But do they have $2000 per Bitcoin to invest?

Here's a secret.

<whisper>
People don't have to buy a full bitcoin.
</whisper>

That's not the point. If you're spending $2 for a mBTC then you are spending $2000 a coin. That's a lot of money for a Bitcoin when it was $10 in January.

So basically, you're saying you're retarded? Because if you're paying $10 a coin, you're paying a WHOPPING $10,000 per MEGACOIN. Who the fuck would spend that much on a megabitcoin?
Heck, where would a poor indian guy find a hundred grand to buy a gigabitcoin?
ITT idiots who fail at units notation.

Honestly, people, UNITS?  DECIMAL PLACES? Don't they still teach that shit in highschool?

By the way, $10 is a fucking LOT of money for a bitcoin when it was .001 a couple januarys before that, douchetard. How is this not hard to understand? Why do you think 2 orders of magnitude is too much but 4 is negligible? Why is .001 to $10 OK but $10 to $1000 is too much for a whole bitcoin? Are you basing this on the price at the point you personally got into bitcoin? *SMH*

[GriTBitS]

The price will go up when the new group of miners comes into power. The new pre-order deliveries will put the supply in their hands, hence they are selling cost! Miners control supply, supply dictates price.

[Serge]

it will pass that milestone but for other reasons. people expect/ed significant correction after huge increase for the past two months, once they see it being stable  at 1k-ounce of gold demand will kick in again. of course it could turn the other way too short term but with so much attention bitcoin has been getting lately it is very unlikely in my view, although one could never know, people like to mass panic on slightest change of wind direction at times