To all BTC sellers: 1 BTC = 1000 USD April 9, 2013 16:00 UTC

[Rothgar]

As if the recent price rise wasn't enough.

I would rather had a stable 10% price increase within a year from $40 in favor of the rollercoaster we are in right now.

I don't like amusement parks, but this roller coaster I like.

[1715074675]

1715074675

[1715074675]

1715074675

[Slab Squathrust]

As long as mining is profitable there will always be someone willing to sell quicker for less... it's called free market, I think

great but if we all agree that its worth $1000 then why they want to sell for $100? They dont want money or what.

Have you ever been exposed to microeconomics?  Everyone has a point at which they are willing to sell.  Apparently yours is $1000/btc.  I'm going to tell you right now that mine is much lower.  Sorry to burst your bubble, but I would bet that most holders of bitcoin would agree with me.

[donal]

For Bitcoins to work, it needs to exchange hands, people need to use it. Hoarding bitcoins and hoping the value continues to rise can only end in failure for the currency.

[pvz]

For Bitcoins to work, it needs to exchange hands, people need to use it. Hoarding bitcoins and hoping the value continues to rise can only end in failure for the currency.

Agree on both.
What do you think will stabilizes the price and make bitcoin better/more available?

[pvz]

...and we're all set!

For what?
I think it is wise for this moment to find price stabilization by consensus.
If 1,000,000,000 works, it is fine by me. (question: what is in your opinion a good price?)

[Mike Christ]

Parity with gold would be a great price.  then the goldbugs will be all like "double-u tee eff, bro"

[Ekaros]

Parity with gold would be a great price.  then the goldbugs will be all like "double-u tee eff, bro"

Parity with what amount of gold? a troy ounce, gram, kilogram or megagram?

[Ivica]

1mBTC = 1000 USD seems nice to me.

[boscorocks]

Parity with gold would be a great price.  then the goldbugs will be all like "double-u tee eff, bro"

Parity with what amount of gold? a troy ounce, gram, kilogram or megagram?

I will settle for 1BTC per troy oz.

[shawshankinmate37927]

What do you think will stabilizes the price and make bitcoin better/more available?

How, exactly is the price supposed to stabilize when Ben Bernanke is creating 85B new dollars every month?  It simply isn't going to happen as long as he's creating the equivalent of 85 Bitcoin economies every month.  Then you have to also consider all of the other fiat currencies being debased around the world.  If price stability is important to you, you're in the wrong currency.

[pvz]

How, exactly is the price supposed to stabilize when Ben Bernanke is creating 85B new dollars every month?  It simply isn't going to happen as long as he's creating the equivalent of 85 Bitcoin economies every month.  Then you have to also consider all of the other fiat currencies being debased around the world.  If price stability is important to you, you're in the wrong currency.

In the long run BTC is expressed in 'real life' trades, like bread or 'hour of work'.
At this moment the distribution and use is too low to be able to determine the price of a bread in BTC.

After that, the price deflation in BTC equals the productivity increase. This stimulates development.
I think productivity increase is a good way of price stabilization.

To express the value of BTC (for now), it must be expressed in inflationary fiat currencies.

My point is, to obtain trust and mass use (private and business), a stable price is required.

[safeminer]

its called free market, this wont work.

People need to be willing to pay 1000 for a BTC because of supply and demand, just holding it and saying i want at least 1000 for these digits that are worth 700, you are just going to get 0 buyers my friend

[zimmah]

[t1000]

Yes, I wish people would stop resurrecting old threads.