Quote from: Rassah on August 17, 2013, 07:48:05 PM

Quote from: margaritahuyan on August 17, 2013, 07:32:20 PM

Quote from: Kislush on August 16, 2013, 08:39:28 AM

Bitcoin's inflation will be getting smaller and smaller. If this cryptocoin survive through many years it is natural to have high price like $1k because of mentioned inflation. However noone knows if it will survive so many years - goverment interventions are still an issue. They can close all the major exchanges and let BTC to die slowly Cry

I doubt bitcoin will hit $1k anytime soon. I know I won't pay $1k for a bitcoin.

Would you pay $100 for a bitcoin? People said they'd never pay $100 for one, when it was worth $4.

Logically this doesn't work. You can always say well it started at X and once was X. This doesn't hold any weight in how the price is determined.