Quote from: wachtwoord on September 20, 2013, 07:15:18 PM

Quote from: ronimacarroni on September 20, 2013, 06:58:37 PM

Quote from: PassTheAmmo on September 20, 2013, 06:26:12 PM

Yes, with only 21 million of them there is no level of success small enough to give a stable price under $1000. So the only possibility for BTC not to reach $1000 is if it goes to 0. Which isn't impossible of course.

You're thinking really long term.
The block reward will get cut in half in 4 years and by that time it'll be worth around $1000 for sure.
There'll be bitcoin atms, bitcoin smart cards, there'll be more places that accept bitcoins like Germany.
I think the proper question is if it will reach $1000 before that.

If you're sure of this and this timeframe: 1000/125=8 ==> 4sqrt( Cool

= 1.68

So an annualized rate of 68%. There really are worse investments

Bitcoin's price evaluation is not linear so you can't say it'll grow x% each year.
You know it was $266 at some point.
Either way, it might be an optimistic estimate, but I think a combination between bitcoin ATMs and the halving of the reward in 4 years
will make bitcoins price spike big time.