Topic: $5000 is already breached (Read 1416 times)

Absolutely amazed how this massive bull run that bitcoin, and it looks like it is still going. Although $6000 is still elusive, we should be there by Oct. 25. Yes, I got my answer and I'm been happy that its sustainable and I'm again proven wrong by bitcoin. And although we haven't seen a stable $6000, I glad what the current price movement and very satisfied. Correct, the closer we get to Oct. 25, the closer we can see the price going to $6000-$7000. And thanks for the advise, I will be closing this thread and probably open another when the price touch $6000 once more.

Yes the price of bitcoin is reached 5800$ already. I think you get the answer for this thread. Now the price of bitcoin was stable at the price of 5600$+.You may close this thread. Till the October end the price of bitcoin will keep on increasing till the Segwit.

Sustainable or not, I just like that fact that we made a new history and breached the initial resistance.
Like you said, it would be a huge and swell day for the media and there is just this little feelings that in the next few days, the upcoming event on the value of bitcoin will be quite surprising. However, we just keep watching to see how things end up turning out.

Bitcoin was at 5800 also on a few exchanges the past day, and it was quiet fun to watch the price rally.

If the price continues ascending like this +$6000 could be seen in the next few days. My worries is the big whales, they can drop badly the price at any moment 

Almost all this current big value for sure is connected with China legalization at ICO and exchanges, wich could return the big interest at bitcoin, as well people preparing to the hard fork that is coming, wich no one wanna to loose the possible split that will happen. For sure once we finaly stop having the hard forks bitcoin will be able to follow and maybe readjust its value.

I expect the price to keep on going up to more or less than $6500 this year. This is possibly one of the biggest price swing ever. Can't wait for it to reach $7000 by next year!

It is a normal thing for market. There is what is called resistance and it is usually like a blockage to progress which once crossed brings a new ATH and the hope of looking up to the next break in resistance. Usually a little bit above that some people usually buy back and watch out for turn of events. The new resistance then starts when it gets to a point that people start feeling it is OK to sell and buy again once low.

This is really Great News For Everyone Who Holding Bitcoin. I am very sure that bitcoin price will reach $7000 or above in end of this year.

I don’t know about some exchanges, but universally, this would be the first time it would breach that 5k. The last was just very close at about $4975 and the whole FUD brought it down gushing huge blood only for us to find it recovering in few weeks time and now we are here even better than where we left it last time.

Sure, the community is increasing and the previous is getting stronger with hands, but we might still have a little dip as usual and that would be a better time to buy more most especially at this stage.

its gladly that we can reach from $5100 to $58xx (the highest price today) in just one day because yesterday the op said the price is $5100 and now the price is still increase. but I see the price having a little time for down price and we can hope to see the price will reach $6000 soon and maybe like others said, we can see it before the fork is coming. I see this time, there is a dump until $55xx and I am not sure how much it will be down but I think this is a good time to us for add more bitcoin to our wallet.

A new all time high! $6000 is not that far. When $5000 is breach yesterday the pricing went wildly fast maybe $7000 next year or by the end of the year? I'm too pumped up!

Wow. Maybe this man is so rich now. And he does not make a mistake and predicts. Bitcoin will go to the moon with his  family.

What are you waiting for? Bitcoin is getting close to $6000 now and the altcoin market is bleeding profusely. Get in before its too late. The price is trading at an amazing $5700 now. Just matter of days of hitting $6000 and the Oct 25 is still far. I dumped already most of my altcoins and put it in bitcoin ecosystem. And I think I made the right decision yesterday. It was around $5100 when I did that thing, and from the current price, I already made some profits.

And for most of the altcoin traders here, I think this is a logically move, because instead of seeing your investment going down to the train, shifting to bitcoin will give you profit at least and can covered a few losses. So its really worth to give it a shot.

We are still 12 days before bitcoin gold fork. Hmm, maybe 6000 to 7000 dollars is possible here. I am even tempted if I will dump more of my alts to add my btc stock.

Interesting article from bitcoinist http://bitcoinist.com/dutch-man-gambles-bitcoin-selling-everything-family-owns/

A man from the Netherlands is betting that the value of Bitcoin will multiply in the upcoming years, and he has sold everything his family owns to make that bet.

A lot of people are betting on Bitcoin becoming even more accepted and entrenched in the marketplace, even global financial institutions like Goldman Sachs. However, one man in the Netherlands is really going out on a limb on the perceived rosy future for Bitcoin. Didi Taihuttu, age 39, has sold everything that his family owned and moved them all, including his wife and three daughters, into a campground.

Didi Taihuttu decided to take the plunge and invest everything his family owns in Bitcoin and other cryptocurrencies. To that end, he sold off his home, car, motorbike, children’s toys, clothes, and other family items. The Dutchman fervently believes that blockchain technology and cryptocurrency are fundamentally changing the role of banks in society. As for his decision to take a leap of faith and sell everything for Bitcoin, Didi Taihuttu said:

People will say, ‘You’re crazy. But we are an adventurous family and are going to gamble for a moment to live minimalist lives. If you never take a risk, life is boring…The Internet was a revolution for information. I think that blockchain and cryptocurrency are revolutionizing the monetary system. In five years’ time, everyone will say: ‘We could have seen it coming.’ I am responding to this change now.
NO STRANGER TO DRASTIC LIFE CHANGES

Didi Taihuttu is no stranger to making major alterations to his family’s life. He once mined Bitcoin back in 2013 but stopped when the digital currency’s price dropped, and he sold all his assets (both virtual and real) off. He then got into Dogecoin but stopped when that currency’s price dropped as well. After his father died early in 2016, he decided to sell his business and take his family on an extended trip around the world.

Everything that the Taihuttu family owned is being sold for exchange into Bitcoin.
It was on this global trip that he became aware of how much cryptocurrency had ascended. He saw how many people were now using digital coins for everyday transactions, and he began talking with people involved in cryptocurrency trading. Then a friend called him and told him that his Dogecoin was now worth ten to twenty times their previous value.

Once the family returned home, Didi Taihuttu decided to take the plunge and invest everything his family had into Bitcoin (but after discussing it with his wife first!). The plan is to cut back to the bare bones on every facet of their existence and bet everything on Bitcoin. Of the potential future value of Bitcoin, Taihuttu says:

Our expectation is that the value of one Bitcoin will rise to between 12,000 and 20,000 [Euros] over the next three years. If this is true, then we can live for a long time like this without the pressure of needing to work.
Didi Taihuttu and his family will follow the plan until 2020. So far, he sold his home for 85 bitcoins, and the price of Bitcoin did rise sharply today. It reached over $5000 and currently sits at $5443 at the time of this article’s writing. It’ll be interesting to see how he fares over the next few years, but you do have to respect a family that is willing to live in tents with few possessions over the short-term in the hope of long-term prosperity.

Do you think Didi Taihuttu is smart by selling off everything or is he nuts? How far will Bitcoin go up, or possibly down, in the future?

After segwit will see what may happen ,its indeed increasing and we are all aiming for some bitcoin gold after.

wveryday i always check the bitcoin price not to surprise my self but ofcourse to know my moves the lrice is really expensive now im holding for more since the segwit is not yet done bitcoin will continuously increasing and the demand and colume it self until its finish they saving it for another bonuses theyget.

That's true, we've all been there, I'm trying not to remember having sold even at $300. However, Bitcoin has received plenty of media coverage the last few months. It's becoming one of the best investment choices, chosen by influential people, even in Wall Street. All these news flocking have a positive effect on the price. I've started to believe that the best has yet to arrive for Bitcoin.

It seems to me that, before October 25 when the expectations of the users of bitcoin get free coins will be very high and the price of bitcoin will be at the top look for fall. If you sell 1 bitcoin for 1-1,5 dollars more than it will cost after the fork. It will be more profitable than to keep it and get a few free coins the price of which will be at the level of a few cents.