Post
Topic
Board Beginners & Help
Re: will the bitcoin reach $1000 one day...?
by
owox
on 27/12/2013, 00:51:47 UTC
Yes and higher.

People will start trading alternative coins soon and Bitcoin will become more of a 'hold asset'. This will drive up demand and reduced supply prices will go up. Additionally, once people understand that Bitcoins can be used in 0.01 or 0.001 units they will ensure that their products are made available. The cost of trading in bitcoin will be much lower, but i will assume that volume of bitcoin trades will reduce due to increasing value.