5500 Dollar Bubble or fork effect? | Bitcointalksearch.org

glowing10

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Quote from: daserpent on October 13, 2017, 12:11:23 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, 03:56:59 PM

Quote from: Bitcall on October 13, 2017, 10:41:47 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, 10:41:47 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, 03:32:00 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, 10:41:47 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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Quote from: jak3 on October 13, 2017, 03:18:02 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, 10:41:47 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, 10:41:47 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, 10:41:47 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, 10:41:47 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, 10:41:47 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.

Cindy1983

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Not sure this case is the result of upcoming hard fork or it's a bubble but IMO I think it's a results of the hard fork cause this case happen like it was before at the hard fork on 1st August when Bitcoin increased from 2k$ to over 4k$ very quickly so I think in this time Bitcoin will increase from more than 4k$ to over 8k$ when the hard fork in this month over Cheesy

Topkras

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you will buy a lot of cheap bitcoins at the end of october

1kings

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Yes, it seems.like a bubble but if you'd cut the effect of China's ban on ICOs, it looks like it's back on its pre-ban trend.

At the same time, it follows the pre-BCH signature, which says we can expect some corrections immediately after GOLD fork.

My newbie take😀

chennappa121

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Yes it is fork effect because of have hold the bitcoin thru fork until fork end, you will get free bitcoin gold coins.

Zalfa_mui

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the current fork has a good effect on bitcoin ,,, bitcoin price is very expensive. and I got the news that bitcoin prices will continue to rise, would probably break through $ 10,000 ,, I would wait for bitcoin prices to rise to 10,000 $.

daserpent

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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.

ugr_erkn92

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What does it matter if the rise in bitcoin is a balloon or a fork effect? The important thing is the psychology of the market. investors have long expected Bitcoin to rise to $ 5,000. It is also said that on October 25th Bitcoin Gold will be issued and investors will be given free of charge. Investor bought Bitcoin to buy Bitcoin Gold. At this price, Bitcoin buyers may get sick, we are approaching the month of November, expecting a decrease in price.

Lucius

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Quote from: Slark on October 13, 2017, 11:31:22 AM

"In A CNBC Fast Money interview, Michael Novogratz of Galaxy Investment Partners predicted that Bitcoin’s price is likely to be over $10,000 in six to 10 months.

Former Fortress Investment Group manager Michael Novogratz agrees that Bitcoin shows signs of being in a bubble but firmly believes that because of increasing investor interest we will see Bitcoin valuations in the tens of thousands of dollars. His bold claim is backed up by money too, as he has started a $500 million fund to purely invest in cryptocurrencies, ICO’s and related companies. $150 million of that money is his own and he plans the raise the rest from outside sources by January 2018."

More info: https://www.cnbc.com/2017/10/10/bitcoin-heading-over-10000-in-six-to-10-months-former-fortress-hedge-fund-manager-says.html

There is high chance that we are indeed early adopters, still. In 5 years in the future, some of us will regret that we never bought BTC when the price was still below $10k
So if you are worried that Bitcoin might be a bubble then sell your coins now, I am sure you will get high profit from it already.

I see this Michael Novogratz everywhere,his predicton is something like the main news in the last few days and he may be responsible for this pump Cheesy

I do not think he say anything what the majority of cryptocurrency users do not know and what they not hope to see in next 6-10 months.Perhaps his statement is gaining weight because he invested a large amount of money in cryptocurrency.

I also think that this price is because of upcoming hard fork and chance to profit on new created coin.It would be pretty unrealistic to believe that there will be no price correction,because so far it has always been the case.The question is how deep can we go this time?I would say that drop of 2000-3000$
it is not unrealistic if we remember the recent one from 5000$ to 3000$.

cyberChevan

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Quote from: Bitcall on October 13, 2017, 10:41:47 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 think the upcoming fork somehow has to do with the current surge. But mostly it's the investors that contributes to this event and it is a normal thing for btc just like how the speculation goes. But one thing though, the fork has nothing to do with ethereum in any sense as this fork is mainly btc related.

djablom1

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I think because of the fork and the increase of people a lot of people are joining bitcoin and learning about it there are like 1 million people just in this forum learning and talking about bitcoin.

teilwalL05

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Many are Interested in bitcoin I think that is the most key priority in how did the price increase so much, the impending Hard Form and the free coins are just an incentives for us, if we keep on holding to bitcoin, if this would continue we can surely reach the 100,000 k goal, if many speculators are prompting that the end of this year we can reach that ATH.

Slark

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"In A CNBC Fast Money interview, Michael Novogratz of Galaxy Investment Partners predicted that Bitcoin’s price is likely to be over $10,000 in six to 10 months.

Former Fortress Investment Group manager Michael Novogratz agrees that Bitcoin shows signs of being in a bubble but firmly believes that because of increasing investor interest we will see Bitcoin valuations in the tens of thousands of dollars. His bold claim is backed up by money too, as he has started a $500 million fund to purely invest in cryptocurrencies, ICO’s and related companies. $150 million of that money is his own and he plans the raise the rest from outside sources by January 2018."

More info: https://www.cnbc.com/2017/10/10/bitcoin-heading-over-10000-in-six-to-10-months-former-fortress-hedge-fund-manager-says.html

There is high chance that we are indeed early adopters, still. In 5 years in the future, some of us will regret that we never bought BTC when the price was still below $10k
So if you are worried that Bitcoin might be a bubble then sell your coins now, I am sure you will get high profit from it already.

matuson

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What you call a bubble. Any currency may depreciate. What Fiat can't turn into a bubble? Look at what is happening in Venezuela. Now the credibility of bitcoin is high and therefore the price increases. If there is a mechanism to turn bitcoin into investments that this capital will be enough to upgrade a small country. Then bitcoin will have support of the real sector of the economy and no bubble will not.

CriptoIngresos

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The fork it's just one of the many factors that contributed with the spike on the demand for Bitcoin (maybe the biggest), however we can't give it all the credit just yet, it's not really clear the meaning of a 'bubble' in your post, we can just pull out the economics dictionary but it seems like on the internet there are many different interpretations.

Even taking this into account, I would still highly recommend you keep watching the market with a grain of salt, specially on the upcoming days just before and after the fork, it's very probable that in those days the uncertainty will take over and important market changes take place.

Bitcall

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Quote from: Kray on October 13, 2017, 11:02:23 AM

I guess this is fork effect, people think to buy bitcoin to get new coin and then dump new coin. I just wondering about coin price?

pangrango

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Quote from: abdillahzidan on October 13, 2017, 11:12:44 AM

I think, because there's some news saying some markets will give BTCG (Bitcoin gold) to traders who store BTC in the market starting on 25th October, so many buy BTC and save it in hopes of getting BTCG.

This is more reliable reason. All people know that in 25 this month will be a fork in BTC. But there is no wallet for BTCG right no.how could this happen if there is no wallet so save BTCG. As we all know including me hope that fork will happen

darkangel11

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Quote from: Kray on October 13, 2017, 11:02:23 AM

I guess this is fork effect, people think to buy bitcoin to get new coin and then dump new coin. I just wondering about coin price?

I think the same. The fork has made people go crazy. At the last fork people who were scared to invest missed the BCC train and another when BTC started to go up right after the fork. Before the last fork you could easily buy BTC for <3000USD and get an equivalent in BCC that was worth 0.15. So every $3000 put in BTC before the last fork was giving you $450 for free + the price went up by 1500USD in the next month. Those who bought then basically doubled their investment in 1 month!

Jarixx

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Definitely it's not a bubble, we can expect Bitcoin rise and this price we will call under priced in near future. People maybe expecting a new coin, so maybe they buy more Bitcoin 24 volume is huge.
Hey my first post on here

Sadlife

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As far as ive heard and seen in this forum looks like it will not be a bubble and yes the effect is due to the incoming fork and also that malaysia is planning to accept it so this might trigger the hype that the price value will rise up to new heights we may see bitcoin reach $6000 this week. Who knows until we can't say for sure until the fork is over but surely it will be another pump and dump for BCH.

abdillahzidan

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I think, because there's some news saying some markets will give BTCG (Bitcoin gold) to traders who store BTC in the market starting on 25th October, so many buy BTC and save it in hopes of getting BTCG.

andrew24p

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I agree with the others, it really is hard to say. With ledgerx theres potential that what we are seeing is actual a calm before the storm. If wallstreet enters and then the public via an etf the price is going to be insane.

waynechong1995

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swing!

Judging from previous rallies, price correction would came it soon after for awhile, however I believe that BTC is already capable surpassing 5k range at least (+- 10%).

However, BTC's performance is too overwhelming to be sustainable and it would certainly get dumped anytime.

Kray

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I guess this is fork effect, people think to buy bitcoin to get new coin and then dump new coin. I just wondering about coin price?

felipe04

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Quote from: Bitcall on October 13, 2017, 10:41:47 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?

The last fork is not being well because the price of bitcoin is down by half if you know the bitcoin cash thats it,the effect of fork in the mind of any bitcoin user is like a panic in time and they think their bitcoin will lose if they invest it so a lot of users withdraw or convert their bitcoin to other coins for their safe and no thinking of lose

nareshrohra

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IMO, this is a regular rally due to people accumulating bitcoin before the fork to get a hand on Bitcoin gold. And as always the ATH is bigger than the previous one. I was expecting correction which came in and will probably continue for couple of days. But, that's just me speculating and I hate predicting otherwise

iamTom123

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Quote from: Bitcall on October 13, 2017, 10:41:47 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?

The coming hard fork can be one of the many factors for the huge rise of Bitcoin currently but of course there can be other factors too. Maybe the market is already ripe for Bitcoin to go beyond the $5,000 level which on my estimate can already be overdue as it was pulled over by the China news and Dimon effect. Now that the market is not anymore listening to worthless FUDS, the value has been jumping like a frog.

Now, will there be a bubble or a sudden huge retreat of value? Well, nothing is impossible with Bitcoin but there must be a big bad news or anything that can be the impetus for that to happen. Or maybe Bitcoin will continue on surging beyond $6,000 before the end of the year and can be moving towards $10,000 in the new year 2018.

Let's see what can happen with Bitcoin as only time can tell the details and we are just here to imagine by speculating!

BrewMaster

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Quote from: Bitcall on October 13, 2017, 10:41:47 AM

In this year we can see many boubble on bitcoin price..

you should say "I" instead of "we" because you are the one seeing bubbles.!

Quote

this time Bitcoin rise more then 5500 dollar the last week and the Bitcoin value rise like never before...

actually this rise is like a lot of other previous rises. only a small 20% rise with a 8-10% correction.

Quote

The incoming fork look like is good for ethereum too..

this is irrelevant in here!

shamzblueworld

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Hard to say if it is due to the fork, because it seems a little early for that. But sure it ain't a bubble until or unless the value goes low again below 5K which is highly unlikely now.
What a run by BTC.

Bitcall

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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?

Topic: 5500 Dollar Bubble or fork effect? (Read 852 times)