5500 Dollar Bubble or fork effect? | Bitcointalksearch.org

glowing10

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Quote from: daserpent on October 13, 2017, 01:11:23 PM

It is the upcoming fork thats making the price shoot like crazy.

People want those free Bitcoin Golds. I expect to see a crash right after the fork though.

This may be true that Btc is being purchased so that they may get the free coins of gold . But that Btc gold may mt have the good value or may fall after it is created . But it think Btc price will rise high only leis last time fork event had happened .

bncbnc

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Quote from: ChuckBuck on October 13, 2017, 04:56:59 PM

Quote from: Bitcall on October 13, 2017, 11:41:47 AM

In this year we can see many boubble on bitcoin price..this time Bitcoin rise more then 5500 dollar the last week and the Bitcoin value rise like never before... The incoming fork look like is good for ethereum too.. What You think peaple is a boubble or the incoming fork rise all market, or the Bitcoin market is bigger then Goldman Sack for real and we can talk about new economy?

Indeed, 2017 is indeed a successful year for bitcoin. There is too much success for this coin. Too much change in the positive direction. It can be said that bitcoin is at the golden stage of development. a really great coin.

We can hope that this trend will even continue in 2018. Because still people are to much confident about bitcoin and they are expecting to see bitcoin price trading above 8000$, In fact the bitcoin users are still increasing which is increasing the demand of bitcoin and their we are also expecting about the price of bitcoin to increase more and more.

elliottflz65

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Both? its obviously due to the hard fork that the price has risen to its highest ever but its a bubble at the same time due to after the fork theres going to be a lot of people selling their coins for bitcoin gold

mysacrifice

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it appears to me that bitcoin is under fork effect that will happen in November. I'd expect it keeps on rising till the fork and then come back little.

ChuckBuck

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better everyday ♥

Quote from: Bitcall on October 13, 2017, 11:41:47 AM

In this year we can see many boubble on bitcoin price..this time Bitcoin rise more then 5500 dollar the last week and the Bitcoin value rise like never before... The incoming fork look like is good for ethereum too.. What You think peaple is a boubble or the incoming fork rise all market, or the Bitcoin market is bigger then Goldman Sack for real and we can talk about new economy?

Indeed, 2017 is indeed a successful year for bitcoin. There is too much success for this coin. Too much change in the positive direction. It can be said that bitcoin is at the golden stage of development. a really great coin.

Avity

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I think many people are already talking about and living in a new economy, and I think that's why we are all on here talking to figure out how to join that economy.

As for the price of bitcoin, I think it is due to many things, including China back-peddling on crypto, rumors of large retailers accepting bitcoin and most people want to get their bitcoin now to get some of the gold around the corner. News is swarming with governments and businesses talking about bit[Suspicious link removed]d or bad news... it will all be good in the long run for bitcoin.

laurenB7742

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Quote from: John Langut on October 13, 2017, 04:32:00 PM

Fork or not, this raise is not a bubble. Bitcoin pass 6K soon and reach 10K at the end of this year. Etheeeum will also benefit, but most altcoins will suffer severe losses.

10k is too optimistic. I bet you wasn't that brave with predictions few week ago. Don't forget, when China situation happened, the price crashed to around 3200 USD. So it's impossible to say that nothing similar will happen until new year. I'm not saying the price will halve but there will be some bad news which will stop the growth.
Also I think altcoins and ICO tokens backed by good projects will recover in November.

Lanatsa

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Quote from: Bitcall on October 13, 2017, 11:41:47 AM

In this year we can see many boubble on bitcoin price..this time Bitcoin rise more then 5500 dollar the last week and the Bitcoin value rise like never before... The incoming fork look like is good for ethereum too.. What You think peaple is a boubble or the incoming fork rise all market, or the Bitcoin market is bigger then Goldman Sack for real and we can talk about new economy?

For me its obvious that this thing on sudden increase on price on bitcoin is really due to upcoming fork event.If we do try to look on the situation back in the past where theres no fork the price do somehow stabilizes but i would say that bitcoin is really capable on reaching $5000 and yet we are not on a bubble but somehow i do believe that price corrections would really happen after this event.

MforMike

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Life is life

Quote from: jak3 on October 13, 2017, 04:18:02 PM

no, I don't think this is just a bubble because people are actually taking big steps with bitcoin and as it is increasing its price day by day people are really understanding its good side. but I am afraid there are still 70% users in bitcoin who do not know about the dark side of the internet and how much bitcoin is being used there daily.

It's deffinetely bubble. Governments are taking steps toward to btc, and there are lots of news from all over the world not only internet but also in media too more than ever. So they are creating this bubble for bitcoin, even people with no idea what bitcoin is up until yesterday asking me about bitcoins and what most of them says like "Hey I heard about bitcoin, they say you can make money out of it, do you think if I invest some I can earn to?". And when I ask simple questions to them about did you ever searched what bitcoin is, how does it work and etc. they have no answer, they are just coming with hearsay information. Also you know what, there a lot of them buying bitcoins without knowing what it is just for earning easy money and when the market shakes a little, they are dropping like leaves of the tree in the autumn. As for the bitcoin gold, its totaly scam fork which is premined and coming to market for the sole purpose of making free money to its developers and people actually falling for that. It's such a sad thing.

for more info about bitcoin gold scam:
https://www.reddit.com/r/CryptoCurrency/comments/757jf4/here_is_why_bitcoingold_is_shady_and_a_scam_you/

John Langut

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Fork or not, this raise is not a bubble. Bitcoin pass 6K soon and reach 10K at the end of this year. Etheeeum will also benefit, but most altcoins will suffer severe losses.

jak3

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no, I don't think this is just a bubble because people are actually taking big steps with bitcoin and as it is increasing its price day by day people are really understanding its good side. but I am afraid there are still 70% users in bitcoin who do not know about the dark side of the internet and how much bitcoin is being used there daily.

spov

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The price will not settle above 5000 USD. The price will hit close to 6000 USD and then it will fall again. It is not time for BTC to settle beyond 6000. That said, it is a small bubble. Better is yet to come.

AkaSnake

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It is due to fork effect, BTC will most likely go down at the end of this month. And we should expect alt coins to go up!

FrankNoland

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Quote from: Bitcall on October 13, 2017, 11:41:47 AM

In this year we can see many boubble on bitcoin price..this time Bitcoin rise more then 5500 dollar the last week and the Bitcoin value rise like never before... The incoming fork look like is good for ethereum too.. What You think peaple is a boubble or the incoming fork rise all market, or the Bitcoin market is bigger then Goldman Sack for real and we can talk about new economy?

In my opinion, I just feel like this is the fork effect, the reason why the value of bitcoin is reaching new all time highs might be that a lot of investors are dumping altcoins so that they can claim bitcoin cash on the upcoming fork.

I see the value of bitcoin dumping back to $4000 after the fork. It wouldn't be such a great idea to buy now.

jekjekman

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Quote from: Bitcall on October 13, 2017, 11:41:47 AM

In this year we can see many boubble on bitcoin price..this time Bitcoin rise more then 5500 dollar the last week and the Bitcoin value rise like never before... The incoming fork look like is good for ethereum too.. What You think peaple is a boubble or the incoming fork rise all market, or the Bitcoin market is bigger then Goldman Sack for real and we can talk about new economy?

Bitcoin is getting stronger every time it survives an issue that it is not true because it just justify how wonderful this revolutionary digital currency is, no one can really tell what will happen next to Bitcoin or in Ethereum but one thing is for sure they are both going up in price unless there is a big incident that will happen to its system that will cause a major down fall.

People who are in the cryptocurrency scene now and before are getting immune with the issues that is not reliable at all because they tend to realize that Bitcoin is still under development and there are so many ways for improvement. How I wish the price of a single bitcoin will become $10,000 before or after the year ends.

joebrook

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Quote from: Bitcall on October 13, 2017, 11:41:47 AM

In this year we can see many boubble on bitcoin price..this time Bitcoin rise more then 5500 dollar the last week and the Bitcoin value rise like never before... The incoming fork look like is good for ethereum too.. What You think peaple is a boubble or the incoming fork rise all market, or the Bitcoin market is bigger then Goldman Sack for real and we can talk about new economy?

I am very scare about the current pricing of bitcoins at the moment because it can just like any bubble it's going to burst any moment from now. I am happy but i can say that I am kinda scare but with all my experiences with bitcoins over the years, I know that nothing bad is going to happen.

iluvpie60

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Quote from: Bitcall on October 13, 2017, 11:41:47 AM

In this year we can see many boubble on bitcoin price..this time Bitcoin rise more then 5500 dollar the last week and the Bitcoin value rise like never before... The incoming fork look like is good for ethereum too.. What You think peaple is a boubble or the incoming fork rise all market, or the Bitcoin market is bigger then Goldman Sack for real and we can talk about new economy?

usually right bfore the fork happens the price will go up a bunch, then down, then a few days or a week before the fork the price hits the moon again, only to come back down to orbit.

However, with a fork on Oct 25h AND a fork on Nov 17 or 18 or something, we may see the price continue to climb and onnly crash back down sometime in December.

This will be a record all time high for price and a record for how long that high price stays there.

btcprospecter

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With bitcoin I think alot of people are turning alts to bitcoin so they can cash in with the fork. More and more people are getting involved with bitcoin now as a result more are wanting bitcoins.

eekkaa

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Quote from: Bitcall on October 13, 2017, 11:41:47 AM

In this year we can see many boubble on bitcoin price..this time Bitcoin rise more then 5500 dollar the last week and the Bitcoin value rise like never before... The incoming fork look like is good for ethereum too.. What You think peaple is a boubble or the incoming fork rise all market, or the Bitcoin market is bigger then Goldman Sack for real and we can talk about new economy?

this is very possible because hardfork will generate new coin like BCH yesterday, the more your bitcoin balance then you will get free new coin after hardfork later.

emberbekas

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Imo, the next hard fork has been affected the current price. And we will know it after the fork happened whether my opinion is right or wrong. If the price will move down significantly then it's for sure, this massive increase caused by the fork. Set a plan to sell bitcoin at 26th.

Topic: 5500 Dollar Bubble or fork effect? (Read 785 times)