Post
Topic
Board Economics
Re: 1 BTC = 2000 USD
by
Peter Lambert
on 05/05/2013, 18:40:13 UTC
I think that bitcoin is too unstable, and if this trend continues, it'll  never reach a value of even $1000 per coin.

Really agree.

I think that BTC don't will be strong stable never (or not in the nexts 5-10 years). But maybe we will see this price caused for the reduced number of bitcoins compared to population.

I also agree, just imagine how many people would sell their bitcoins when they hit $1000 or $500 even. People fear the instability and want to cash out and hedge their losses generally. The bitcoin would have to crush fiat to truly climb.

6 months ago people would have been saying the same thing about getting to 100 USD. But the people who sell have to be selling to somebody, so for every person who sold at 100 because they thought the price was going too high, there is somebody who bought at 100 because they think the price could go higher still and/or they think 100 is a good price.