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Hi,

Can all of you bitcoin and market gurus please explain for a dumb kid like me WHY bitcoin will and can be worth 1000-3000 USD (some say $10000 to $1MIL which I find weird?!).
One reason I think I've understood is that once all the bitcoins are mined and bitcoins goes global... we can kinda set the price. Is this correct?

Please list every reason and explain it like it's for a 10 yr old. I often see "BITCOIN WILL REACH THE PRICE XXXX USD" but never a reason why.
My heart says I should hold on to all of my bitcoins but my paranoid brain says "No. Plenty of crashes before that."

Thanks in advance.

price after 2016 will be 900$ and not more, and you ask to explain, well it will be worth 900$ because of halving and what will happen before/after it, price rises now before halving because people buys lots of bitcoins, and halving will rise price even more

You're just substituting the question "why $1000?" for the new question "why $900?"

Why $900?

We know the block reward reduction will occur, we even know (roughly) when it will occur. But how does this tell us that $900 (and not more) will be the post-halfing price? If people buy lots of BTC - why $900? Why not $1000-$3000? Or why not $650?

That is just a speculation. For any figure will do. I think the end of the year price will be around $1000.

Will do for what? The OP asked "Can all of you bitcoin and market gurus please explain for a dumb kid like me WHY bitcoin will and can be worth 1000-3000 USD?" They did not ask for respondents to pull new numbers out of their backsides. Being in the speculation section doesn't mean "ignore the OP and answer whatever you fancy".