Will bitcoin ever reach $1000 dollars again?

[Inmydomain]

With short spikes and drops in Bitcoin value happening on a daily basis do you see Bitcoin reaching its previous peak value and also do you see it exceeding this value by a considerable distance?

[hilariousandco]

Nobody can give you an answer to this as it's all speculation, but I think it's likely to go above and beyond 1k eventually. It all depends on adoption so spread the word and get people talking and discussing bitcoin. If bitcoin even goes semi-mainstream I think 1k will be peanuts in comparison.

[Tammy Chan]

With short spikes and drops in Bitcoin value happening on a daily basis do you see Bitcoin reaching its previous peak value and also do you see it exceeding this value by a considerable distance?

It is always hard to predict bitcoin value.
No one could imagine bitcoin price went from literally valueless to $1000 in 5 years and went from $1150 to $500 in 2 weeks.

Anyway, I have confidence in bitcoin and believe the price could be much much higher a few years later.

[Inmydomain]

Surely a drastic rise will result in the need for a change of denomination though. I can't imagine an average person wanting to make a $1 purchase with 0.000001BTC, for example, it would just seem wrong

[tuneman1980]

Yes.

I believe it'll be well over $1,000 within a year: http://cryptocoinstats.com/priceforecaster.php

[edd]

Surely a drastic rise will result in the need for a change of denomination though. I can't imagine an average person wanting to make a $1 purchase with 0.000001BTC, for example, it would just seem wrong

There are plenty of discussions regarding this issue but we already have the satoshi. For the example you gave 0.0000001 BTC = 10 satoshis.

[yatsey87]

Yes.

I believe it'll be well over $1,000 within a year: http://cryptocoinstats.com/priceforecaster.php

I'm sure it will, but we can't go by them sort of price forecasting charts as they're not magical fortune telling devices.

[BitcoinBadger]

I don't know If It will get "BIG"  someday but I'm almost sure It will go up to $1000 before even some how crashing to $10 ,  If It's a bubble It will pop one day but I don't think so, It should still have ups so people benefit from It

[eatingtic]

I`m sure it will in the near future. But not sure like right now, unless theres some hidden quality exchange in the making lol.

It will get to that price though eventually.. in the year 2024

[lemfuture]

surpass it

[SOAD]

I think it'll be over 1000 later in the year. All we need is some good news.

[tuneman1980]

Yes.

I believe it'll be well over $1,000 within a year: http://cryptocoinstats.com/priceforecaster.php

I'm sure it will, but we can't go by them sort of price forecasting charts as they're not magical fortune telling devices.

True, but regression allows us to see what's the norm as well as to help identify trends.

[Neg]

I don't care wether it's 1k this year or not. I'm looking at the bigger picture. I think or hope it'll be ten times this much in the near future.

[Inmydomain]

If demand were to increase through the adoption of bitcoin by big retailers then surely that would massively outstrip current supply levels leading to a large increase in valuation

[1986]

I'm sure it'll be there by the end of the year.

[ChuckBuck]

Give it time, the main thing is to get more adoption, businesses, and people using it.

The price will take care of itself once  Bitcoin is seen as viable to the masses.

[bitsmichel]

With short spikes and drops in Bitcoin value happening on a daily basis do you see Bitcoin reaching its previous peak value and also do you see it exceeding this value by a considerable distance?

I think it will go to $1000 or beyond within a few years period.  Price can go up and down in the meantime.

[desertfox470]

For the price to rise alot I think there will have to be a change with transation fees. What I mean is that if .001 btc becomes $100 a $50 transation fee would not work.

[tuneman1980]

For the price to rise alot I think there will have to be a change with transation fees. What I mean is that if .001 btc becomes $100 a $50 transation fee would not work.

That's when you lower your transaction fee.

[FattyMcButterpants]

pretty sure we will go far above and beyond $1000 given time. with everyone recently talking about another bubble beginning though, part of me doubts that it will happen for a while.