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.

We can see how sustainable it was after the fork since there are speculations and somehow it was true that the current price increase is associated with the hype of getting free shares because of the upcoming fork.

Although past performance can't guarantee future results, we can't take away the chances that price decrease is always associated whenever there was a continous price increase. It was bound to happen and the only thing to wait is how far it will goes down.

Bitcoin, which was $ 640 last year, now travels at $ 5300, which seems to have slowed down. In fact, we had to make the transition from time to time.

Already 5300, and I'm just shocked! Bitcoin pleasantly surprises us and I hope that this will continue for a very long time. Someone said that bitcoin can reach 7000 dollars. I'm waiting for it!

That is very good news. I have seen that bitcoin price reach $5300 today.
I am very happy when i know that. I never saw bitcoin price was increased up to 10% since i used bitcoin.
I am very sure that bitcoin price will reach $6000 or above in end of this year.

$5200! I'm shocked to see it since the last price before I sleep was around $4800. We might be heading to $6000 by 1st quarter next year. Can't wait for the upcoming months! I'm excited

Yes it is obviously a great news for bitcoin holders. I think it keeps still increasing price. Though there is chance to down price for Bitcoin fork. Seems that it will be recovered very soon and Bitcoin will hit biggest price.

I was explaining yesterday how I didn't see the price break through the $5000 mark in the short term, but I have been proven wrong with that, and that much sooner than I expected, but I am not afraid to admit that I was wrong.

In this case there are no losers, assuming that you are hodling some coins already. As we speak, there is a massive 1400BTC buy wall at $5188, which points at how much confidence that entity has in the current market.

I can't even imagine how it must feel to just have that amount just aside for trading purposes. I am happy that I can say that I have been holding my coins pretty firmly throughout the years, and will definitely continue to do so.

The price of the bitcoin continues to surge as of this hitting a new level of $5200. This means bitcoin will be go ing for another level of new highs barring some unforeseen events that might affects its climb.

Right after the FUD effect fade, I feel that Bitcoin will reach $5000 again.  The news from China of opening exchanges for licensed operator, the upgrade implementing segwit2x and the fork.  That definitely signals bullish Bitcoin and hyper speculation due to buying bitcoin means extra coin on the minor chain.  Traders care only profit so they just want to get as many Bitcoin as possible before the fork.  It is a win win situation if he is to hold the main chain coin for a long time and sell the minor chain coin for profit.

Actually, if things work out smoothly I foresee us hitting $6k or close to before the first fork or immediately after the first fork and this will apparently set a new record. I am quite optimistic though and I really wish it can keep up like this for now until another huge push. However, a new resistance level will surely kick in at some point and we will just keep watching as we HODL.

Everyone feels the same way. Many people have regretted it because they sell bitcoin when the price is in the 3000 $ range. look at the current price of bitcoin has reached 5300 $ and still have a chance to increase again. I also experienced the same thing, I regret selling bitcoin a few months ago. I regret not being a part of bitcoin users who can sell bitcoins above 5000 $. this is a miracle and can also be a way to reach the dreams of bitcoin users who still keep bitcoin in their wallet. they are free to sell at this time or wait until bitcoin prices increase again.

Probably wont stay there for long when the hard fork comes they'll be skeptics but  now we have broken 5000 i believe we'll see a swift return to that figure after everything settles down

No, it's not $ 5000, it's $ 52xx at the current time. Bitcoin is really a great coin. Its potential is infinite. That is why it has always been the king of the virtual money market.

Imho, the problem of this price pump is as it happened in seconds/minutes. A well organized pump that makes BTC & Crypto overall looks bad regardless of its price tag.

I'm expecting correction soon.

Makes me want to cry after having sold BTC at $3300. Anyway, the $5000 mark is indeed a great accomplishment, I am dumbfounded by seeing it. It's a psychological barrier which makes you consider selling, the thought of "How high can it go?" concerns you. At $4000 I also thought the same, have a look at it now, it's over $5000. I might sell some of my mining earnings at least. Wouldn't sell all of it now.

I thought that bitcoin would reach this mark by the end of the month, but seeing that it costs 5000 dollars today, I was very happy. It's just an incredible price increase.

It is great news for all holding bitcoin and will certainly bring about another wave of good publicity and investment, hopefully the price can maintain close to it is now after the upcoming fork.

Incredible to see the price so high right now. I did not expect to see upwards of 5k just yet. I just hope it can hold.

I am not against 5000$+ bitcoin price but this price has risen in short time so i think there may be a small correction but we will surely hit 10000$ a bitcoin by end of the year.Panic sellers must be regretting now what they did when they hear China FUD in october.Too bad for them.They never learn 

A lot of thread are being created out of excitement with the recent price increase of bitcoin for getting to the $5,000 spot. And I'm waiting for those FUD people's statement about bitcoin, for sure they will think about something new in their mind like "Bitcoin is just a bubble" and will think that they have to keep on buying at the dip so they can be prepared for bitcoin's price before it enters $10,000.

Im so happy now because the price of hitcoin reach 5000 dollars and if you see the price at this time its already 5300 dollars. My prediction this month is correct and for sure possible to reach the price of bitcoin this month or next month will be 6000 dollars so be ready because for sure you will gain profit . So if you have extra money you can buy now .  Pump bitcoin price now!

Yeah mate. You can see that Bitcoin is getting so polular nowadays and  the price of bitcoin is growing up and up and now 1 Bitcoin equals 5150.00 US Dollar. Soo the price of possibly gonna hit 10k within 5-6 months, i think.. so its good time to investment with bitcoin

Actually it was predictable. Moreover I am sure that the price of 5000 dollars is not the limit. Until October 25, the price will continue to rise. It is even possible we will see a price tag of $ 6500. The price correction can be expected in November. But the price will not fall below $ 5,000. Until the end of the year, the price will range from 5500 to 6000 dollars.

I thought it will only stay at $4800-4900 but now its $5100 and keeps growing   ...I just hope this will stay for long I'm just afraid that in few weeks a sudden drop may happen especially during the second hard fork...any way let's just celebrate this time and make some harvest

$5202 now, the margin above 5000 is getting good. Weill be interesting to see how solid the price is above 5K.

I think you are right, it is good to be optimistic, but 10 000 is still a huge and high target, too early to talk about that price IMO.
8000 at the end of 2018 would be good enough.

hallelujah! I can hear the doubters crying. I wonder who is buying at such a rate to drive the price this high?

Ah finally. I was expecting this to happen a month ago but we all know what happened then, people seriously thought BTC was going to die. Past couple of days the price was making serious moves so I expected $5000 by end of the week, it was a little surprise to see it today.

I really think it is too early to talk about the $10,000 mark value, we barely make it in this level cap and right now we have $5142.02 I think the nearest thing to target is the $6000 mark value if the price could make it to the $8000 I think that is the trigger to really make it in the 5 digit mark, but in the impending Hard Fork I am assuming that the price would surely dip a bit.

You'r right. I agree 5000 is a very important mark even psychologically. The next milestone is 10000, I wonder how long it will be before this mark

Today we have reached $5000 for the first time, even though people were thinking it happened not that long ago - it was only Asia who did it back then. It's great and all for statistical purposes to reach the $5000 level, but now the target has been reached it's time to focus on the bigger picture -> $10,000 and up. Let's see how long the market can maintain the $5000 level, I am not yet convinced that this first shot will be sufficient enough to last. Either way, it's good to see that the overall sentiment has got a decent boost due to reaching $5000 today. I am looking forward to see what news articles the traditional news sites are coming up with, always remains a surprise.

I was also very surprised. I do not see the price of bitcoin for 5 hours and it turns out bitcoin price has reached 5200 $. this is a new record and we should be able to take the speculation to sell the bitcoin we have or also buy the bitcoin that can be asset in the future. for me this is everybody's chance to be able to use it for the benefit. hopefully there is no negative news that can make the price of bitcoin corrected. personally I am very happy because there are some bitcoin in my wallet. this has reinforced that I can earn tremendous profits. bitcoin prices could also reach $ 5500 and could even go to $ 6000.

Bitcoin prices are likely to be higher than $ 5,000. If the negative news does not come, it can be up to $ 5500. The split that will take place on October 25th is very importants

I was surprised today after seeing bitcoin prices at "bitcoin price coindesk" which is now reaching $5000 to $5100 even more. This is awesome.. well the highest bitcoin price history seems has recurred again, and maybe it could be higher again to $6000, we'll see

Yeah, all good things must come to an end, but can we just enjoy the moment now? Oct. 25 is still two far, so I guess we can encountered a few bumps along the way. But if you can just celebrate, watch the price today as I drink my favorite Starbucks coffee, it would make my day. Its certainly, reached new ATH now, the last time is never go above $5100 but now its trading way above even touch $5200 for a brief moment. Its truly amazing how bitcoin recovered from a slump last month to a new ATH today.

Great news, 5147$ is current price at Bitstamp. For a while the price was moving back and forth around 4500$ and now has breached 5000$ barrier. Hope this will continue to rise but on the other hand I wouldn't be surprised if smaller dump happens and the price returns below 5000$.
But what follows now is total trill and ethusiasm with predictions of 10000$ even this year and if price starts to get down again we will, again, witness the panic selling. So, nothing new.

Yes, looks like Bitcoin will be going up incredible amounts in the next few days, if not hours. On preev.com Bitcoin is currently trading for 5193 USD, highest it has ever seen I think, however I may be wrong. Today has certainly been a good day for Bitcoin.

However, all good things must come to an end. As said by n0ne, we should expect either a dump or a bump in Bitcoin's value. It has inflated too much over the past few months and I am starting to have doubts as to how much longer the price can increase at this rate.

Price is shooting too quickly. It has reached 5160. The rise form 4900 till now has being in no time. Finally it broke the 5k level and should make a rise of 100-200 $ in quick time so that it can compensate something as well all have being waiting from so long to rise above 5k mark.

This is the day users were expecting for a longer time. People expected the same to take place long back, but everything went out of hands making users get panic. Now slowly the price recovery had taken place from the lower point of $2900 and now it has crossed the barrier of $5000 and getting close to $5100. Maybe soon we can expect a price dump or bump.

Hopefully the value of BTC maintains it's new height, and hopefully people dont start selling out their BTC just because it reached this milestone, or it can make BTC fluctuate and maybe bring it a bit down! Maybe after the forks, and if everything works out smoothly, we will see $6000 still this year!

A good sign that there are more pumps coming and we should hold our btc for now so that the pump will continuously come on bitcoins but I'm wondering on what would be the highest price would reach for these month since we are currently experiencing a good phase for bitcoins at these point. And I would buy some bits to get and hope I can contribute to these pump.

Love it, the floor is the price that was first breached about 1h ago!
I am happy that the price is up, I wonder if the next step is $7000 as the charts have suggested.

Can you imagine if the stock markets start to fall, this could get crazy then.

It keeps on increasing this is gonna be road to $6000 before the year ends. Bitcoin experts prediction just came true and I wish Jamie Dimon regret what he said last month lol hahaha

Yep, we are actually nearing $5200 before but now we seem to be adjusting a little.

Right now we can see the floor being around $5100, the price could potentially correct to less than that but i don't think that it is likely, and even if it does happen then minimum would be around $5000 per coin in my opinion for this month.

This month we should see price steadily climb just like August. If the fork is successful, 10k wouldn't be impsosible.

When bitcoin passed $5000 barriers, and then $5800 is such an easy point for bitcoin to go, there might be some correction happened in the future but won't dump bitcoin as hard as when bitcoin gets temporarily banned by china, and now bitcoin is going to $6K guys, brace yourself. it's just matter of time

Hi folks. Great news! Will be interesting now to see if the price can remain above 5K in the following days.

Article from cointelegraph > https://cointelegraph.com/news/5k-forever-bitcoin-price-surges-to-claim-new-all-time-highs

''Analysts are more confident than ever that Bitcoin will stay above $5000 today as prices continue surging towards new highs of $5050.

Technical data from multiple sources indicates no slowdown in Bitcoin’s charge to retake the historic price level, having increased by $600 since Monday.

Now, forecasts of resistance range from $5200 to $7000 should the largest digital currency hold above the barrier.

More resilient:
Bitcoin passed $5k for the first time September 2, before dropping back markedly as markets reacted to subsequent regulatory moves in China.

A period of volatility, which saw prices dip below $2000 soon reversed, Bitcoin becoming rapidly more resilient to further hostile reactions from authorities.

"This week’s decision to block access to cryptocurrency exchanges in Russia, for example, had barely any effect on Bitcoin’s upward trajectory."

While BTC is no stranger to corrections, buoyant short-term predictions by well-known investors are flowing. On Wednesday, Mike Novogratz told CNBC he “would not find it surprising” if one bitcoin cost $10,000 by April 2018.

At press time, BTC was trading around $5050 per coin according to Bitcointicker’s tracking of Bitstamp rates.

In altcoin markets meanwhile, activity was flat as investors appeared to turn to Bitcoin."

I agree. Don't just be too excited. Although the mental barrier has been broken, when the other side of the earth wokes up, we may see some price correction along the way. Although it feels good that we again touched and broke $5000. I'm sure that a lot of people are now focusing on the price. Will be it sustainable in the short or long run? Let's see how things will go in the next days.

Don't celebrate yet as always there will be market correction that will follow after this and this is something that will not last, I assume after the fork price of Bitcoin will go back to $4,000 USD. But, if it stays at $5,000 up that will be great. With 13 days to go till fork, $6,000-$7,000 USD is very possible. problem with this is those alt holders are the one suffering.

It looks like the $5,000 level is a real psychological barrier that once crossed people just cut loose and started buying. I am watching with interest the whole market today.

This is very high. I checked the price a min ago, the price is $5200 but after that the price starts decreasing. Also this increase in price occurred just in 5 to 10 min. Hoping for its price to increase more. Just enjoying the price increase.

that's a great milestone for sure, i'm expecting all the casual holders to start to panic sell before the drop, use your brain folks and not your emotion. Personally i would HODL and wait for the next future.
Besides that, amazing milestone BTC!

No, this is the "proper" first time. The last time around, it only reached 4,900 levels, with just a handful of exchanges recording buys past 5k. In fact, in countries like Zim and South Korea, they often trade at much higher levels thanks to increased demand. To get a closer idea of what price is, gotta use stats from sites that factor in global averages from major exchanges (therefore averaging across volumes and not getting imbalanced averages from the odd expensive order).

Coindesk Bitcoin Price Index https://www.coindesk.com/price/ can be considered one attempt at industry standard. Right now, it is is at an all time high past $5100!

I believe Lauda owes an animated GIF somewhere on the Wall thread.

5200 now at bitfinex how much do you guess i ll go?

Damn, I couldn't be any happier than now.
It was worth the wait, especially for the holders that have been waiting for this moment.
And it keeps increasing, wonder how far will it last  

Yes, this is the second time bitcoin reached and sustained above 5k USD. Last time it reached 5k, and immediately JMP boss Jamie came out with the infamous statement of bitcoin being a scam and also China decided to ban ICO at the same time. That is the reason, bitcoin price dropped to 3200 USD level and took some time to recover. However, all is well that ends well. The market cap of bitcoin is now 84 billion USD and counting. We just need to keep the positive atmosphere alive.

all smiles 

Yep and it keeps on increasing still. Time to convert your btc into your own fiat money then a lot would be rich today. I never expected bitcoin to reach $5000 today, I was even expecting it to reach that amount by the end of this year and look at it now.

I just checked Bitfinex and its currently trading above $5000 now (currently $5100). Hope this is sustainable though. Expect a lot of press release later above this new milestone that has been reach.