[2017-08-12] Bitcoin Price Eyes $4,000 as Markets Soar Past $130 Billion

error08

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Quote from: veleten on August 15, 2017, 01:03:40 PM

Quote from: Nameless27 on August 13, 2017, 06:45:23 PM

I have no doubts about it reaching the 5000$ mark at the end of this year, but I maybe wrong in one point if it exceed even at that price. Heard a rumor about bill and alibaba investing in bitcoin, if so it's a good news. I will not put much info about that for do not have proof as of now.

it went up to 4430$ today at one point ,dropping all the way to 3880$ after some time
correction is due,but it could be delayed due to Segwit activation
the price will hit more than 5000$ mark if there is no trouble early November
BCC split went smooth,it even contributed to the price grow,since some of the hashing power was diverted from bitcoin

I believe that bitcoin price should reach $5000 mark in the end of this month after segwit be activated, even though there is small correction as have been expected before since this rally has increase bitcoin value more than $1500 within a month. But, bitcoin already recover to over $4000 again.
BCC split is just another case of altcoin which has given bitcoin additional power, as many people cash out from bitcoin cash and more likely spend it to buy bitcoin.

veleten

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Quote from: Nameless27 on August 13, 2017, 06:45:23 PM

I have no doubts about it reaching the 5000$ mark at the end of this year, but I maybe wrong in one point if it exceed even at that price. Heard a rumor about bill and alibaba investing in bitcoin, if so it's a good news. I will not put much info about that for do not have proof as of now.

it went up to 4430$ today at one point ,dropping all the way to 3880$ after some time
correction is due,but it could be delayed due to Segwit activation
the price will hit more than 5000$ mark if there is no trouble early November
BCC split went smooth,it even contributed to the price grow,since some of the hashing power was diverted from bitcoin

Nameless27

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I have no doubts about it reaching the 5000$ mark at the end of this year, but I maybe wrong in one point if it exceed even at that price. Heard a rumor about bill and alibaba investing in bitcoin, if so it's a good news. I will not put much info about that for do not have proof as of now.

Slow death

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Quote from: richardsNY on August 12, 2017, 02:38:14 PM

It seems that the earlier predictions from Goldman Sachs are ending up being spot on -- quite an impressive analysis turns out. In most cases when you see high level individuals or banks coming up with predictions, they end up being way off. From there it seems that at least one of them is doing its job properly.

I did not even believe in these "analysts" guys, but I was impressed that this time they were right in the forecast, maybe also correct, in the $500.000 forecast. Ha ha ha

I think the price rise is related to segwit

richardsNY

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As we speak the market has broken through the $3900 level, and it's likely a matter of 48 hours at most to finally smash through the $4000 level. It seems that the earlier predictions from Goldman Sachs are ending up being spot on -- quite an impressive analysis turns out. In most cases when you see high level individuals or banks coming up with predictions, they end up being way off. From there it seems that at least one of them is doing its job properly.

Kprawn

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I would have said that a correction is overdue, but now that scaling has been locked-in, we might see the first real push

towards mainstream adoption. The merchants and developers can now focus on projects based on micro transactions, because

the fees has dropped and the confirmation times has been dramatically improved. If this continues, we might see $5000

towards the end of 2017. Roll Eyes

CryptoBry

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Quote

Both the bitcoin price and the total value of all cryptocurrencies reached record highs on Saturday amid fears that the war of words between the United States and North Korea will escalate into a full-scale military conflict.

After rising to a new high of $133.9 billion, the total value of all cryptocurrencies has settled down to $132.5 billion. Since the beginning of August, the crypto market cap has added a staggering $40 billion. For reference, the total crypto market cap did not reach $40 billion until the beginning of May.

Read more here.

The trend for Bitcoin is going up, up and away! Now, Bitcoin is about to cross the $3,800 mark and indeed there is a big possibility of it reaching and breaking the $4,000 wall soon. There is no question that the King of the Cryptos has emerged as the most important investment vehicle for the past many years and this year alone it is jumping by leaps and bounds.

Will there be some drastic correction soon? A lot of people seems to be not thinking about that, anyway, though it is quite possible based on its own history but after some corrections when it has already gathered the needed inertia it will jump even higher...that is Bitcoin for you and me.

Viva La Bitcoin!

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