Post
Topic
Board Beginners & Help
Re: will the bitcoin reach $1000 one day...?
by
wachtwoord
on 23/09/2013, 08:45:13 UTC
If the demand continues, yes. With only a finite number of coins the price will go up along with demand.

Currently the demand seems to go down:

Bitcoins sent last 24h    497,112.25 BTC
Bitcoins sent avg. per hour    20,713.01 BTC

Do not look at such short time frames. All you're seeing is volatility.