Why Bitcoin will not go past $1000

[m3]

http://www.btcfeed.net/speculation/why-bitcoin-will-not-go-to-1000/

What do you guys think? Will it go past or no.

[DobZombie]

TO DA MOON

Is my answer to that

[xDan]

Are there actually any good resources/posts/articles determining the price from some kind of actual vaguely scientific economic perspective?

e.g. if bitcoin has X use as a currency, it will be valued as Y... etc... and preferably with comparisons to today's usage and growth rate (i.e. actual -facts- rather than percentages pulled out of the air). What its underlying value is as opposed to what stupid heights speculators may drive it to.

It would be nice to get a compilation of such thoughts/articles.

...

from my purely unscientific perspective, it'll surely go way past $1000, the only question is when. This year, next year, or the next decade?

[m3]

The Winklevoss twins did some calculations and said that Bitcoin is supposed to be in the ten thousands range.
Here, this article on CNBC talks about the Winklevoss twins stating that the price is supposed to be atleast 100 times what it is now.

http://www.cnbc.com/id/101190181

[jc01480]

Are there actually any good resources/posts/articles determining the price from some kind of actual vaguely scientific economic perspective?

e.g. if bitcoin has X use as a currency, it will be valued as Y... etc... and preferably with comparisons to today's usage and growth rate (i.e. actual -facts- rather than percentages pulled out of the air). What its underlying value is as opposed to what stupid heights speculators may drive it to.

It would be nice to get a compilation of such thoughts/articles.

...

from my purely unscientific perspective, it'll surely go way past $1000, the only question is when. This year, next year, or the next decade?

I believe this is a sore subject for legacy financial gurus.  They can't apply some billshit theory or formula to give accurate assessments or predictions and this instills skepticism and wariness. 

I think it's gonna go past the moon.

[kkell]

i don't think there's going to be another markus/willy... unless something crazy like a country adopts or it gets legit mainstream acceptance like with visa/mastercard and stuff

but 1000$ is not unreasonable.

[Bitcopia]

Nonsense.

If were basing bitcoin's utility and valuation on one bot that purchased roughly $112MM, than we're very shortsighted. If you think Bitcoin's utility will one day be comparable to that of only PayPal and nothing greater, than the price would still climb to more than $1,200. And that's an incredibly conservative estimate.

http://heavy.com/tech/2013/12/how-much-bitcoin-worth-value-btc/

[zimmah]

stop this willy crap already

[Bitcopia]

stop this willy crap already

+1

It's more annoying than the China FUD, but at least it's not having much effect on price because those who are competent understand that it shouldn't.

[blatchcorn]

This only means that there will be no resistance at $1000 when we get there

[Dalmar]

If gold drops to 1K again that will form a major resistance to bitcoin going over 1k. Just like last time it topped out near gold parity.

[davidgdg]

Are there actually any good resources/posts/articles determining the price from some kind of actual vaguely scientific economic perspective?

e.g. if bitcoin has X use as a currency, it will be valued as Y... etc... and preferably with comparisons to today's usage and growth rate (i.e. actual -facts- rather than percentages pulled out of the air). What its underlying value is as opposed to what stupid heights speculators may drive it to.

It would be nice to get a compilation of such thoughts/articles.

...

from my purely unscientific perspective, it'll surely go way past $1000, the only question is when. This year, next year, or the next decade?

Various methods have been tried but none of them are particularly helpful. However, it is quite  sobering to think that the 500th biggest company in the world (a Mexican Bank I have never heard of) has a market cap of 19.5Bn which is 2.5 x the value of all the bitcoins in the world.

http://www.ft.com/indepth/ft500 

[xDan]

http://heavy.com/tech/2013/12/how-much-bitcoin-worth-value-btc/

From that article: "if Bitcoin took the place of every Paypal transaction" "it would be worth $6905"

And then we have other articles saying Bitcoin will soon overtake PayPal:
http://www.cryptocoinsnews.com/news/bitcoin-set-overtake-paypal-2014/2014/05/25

And yet, Bitcoin is not being valued anywhere near $6905. What gives? Which of these articles are nonsense?

It's nice to think about anyway

[blatchcorn]

http://heavy.com/tech/2013/12/how-much-bitcoin-worth-value-btc/

From that article: "if Bitcoin took the place of every Paypal transaction" "it would be worth $6905"

And then we have other articles saying Bitcoin will soon overtake PayPal:
http://www.cryptocoinsnews.com/news/bitcoin-set-overtake-paypal-2014/2014/05/25

And yet, Bitcoin is not being valued anywhere near $6905. What gives? Which of these articles are nonsense?

It's nice to think about anyway

Bitcoin is the most under-valued asset on any financial market

[RodeoX]

I don't have to read that article to know that the future is unknowable. I remember reading stories about how it is impossible for bitcoin to ever be worth $1. It's a silly thing to say now that we have even been past that 1K figure.

[DolanDuck]

Bitcoin is really undervalued right now, the next bubble will throw the value around 3000$+ and won't be the last one.

[Kprawn]

Well from our mouth to the Bitcoin God's ears 

Will make quadruple my $2 in my wallet Ha Ha Ha

Who will wanna buy Bitcoins at $3000?

[RodeoX]

...
Who will wanna buy Bitcoins at $3000?

I will. The price is irrelevant to me. When I buy on the internet I use BTC. I will need a steady supply forever at whatever price.

[spazzdla]

Bitcoin is really undervalued right now, the next bubble will throw the value around 3000$+ and won't be the last one.

Seeing as BTC is the first thing to have a truely limited supply... people have no idea how amazing this is.  Many think they do by comparing it to gold, or tulips but the second those words leave their mouth you know they have no idea what power an actual limited supply means.  Limited by code is the key part, if it is limited by people it is not limited.  Never has there been anything with a limited supply ever...  the BTC bugs have decided they love BTC...

BTC over time will continue to funnel into hands that refuse to sell for a shitty price, pending the complete failure of SHA.. BTC will reward the hodlers with balls.

Do some real thinking about what will happen to something that has a limited supply over 20 years that people want, fear not the heavy dips.

[xDan]

Who will wanna buy Bitcoins at $3000?

You'll be buying bits, or satoshis.

333 bits for a dollar? That's a freakin' steal!