Topic: Bitcoin breaks all time high and surges past $5,000 (Read 1282 times)

What does it feel to have your wish granted, bitcoin is now above 6000 dollars and now it has a market cap above 100 billion so we reached two milestones in the same day, besides we still have a few days before the fork so I think there is still potential for the price to go higher.

The community has spoken that we don't want to see the price of bitcoin getting lower than $5000. That's why it bounces tremendously and now its going up again at $5700. Its really an indication that people has learned to trust and love bitcoin that we won't allow it to go down. And yes, we should just hodl up until the end of the year because we are all positive that the price will at least make it to 5 digits. We don't need to doubt bitcoin because it just shows us that no matter what other people think(bankers???), it is still a safe haven for most of us. And that what makes bitcoin stronger as ever.

The only best advice you can give to anyone around you and for this they will praise you a lot later. This is the starting time of bitcoin world, bitcoins are still not much high. There is a time coming that includes the rates of bitcoins like out of the affordable level. I must say this is golden time for you all to buy bitcoin and yes keep them with you.

This was never something that we ever doubted, although the last little surge to the current price is pretty nice.  We thought and knew that the price was coming back, but we did not see the bounce that just happened that clearly.  It is nice and will no doubt be the indicator that holds the rest of the year.  Next year is still a good year we are sure, but the rest of this year can be called no doubt in the bag for the BTC coin and the price.  Alt coins might get a burst, but the desire to hold BTC and not use it as much for trading is something that can hurt the other coins and only time will tell.

I see maybe bitcoin prices have not touched the highest price until the end of the year, and the current price is not a high price because it is in the $5k price area at least it can actually touch $6k to $ 10k, I just analyze it as a trend chart analysis. and no. affected in hardfork or other

This is not that much surprising because of the reason that it is just the beginning of a wonderful era of bitcoin. The way we are looking tremendous increase in the prices of bitcoin, I am very much hopeful that soon it will touch 10k$. The market price of bitcoin has already reached to the value of 6000$ and we are going to see some more good news in future.

I must say that now it is the time for enjoying the fruit of their patience. Bitcoin has now reached to the market price if 5500$ and the way bitcoin is making such a tremendous increase in the market price, it is very much expected to see a huge increase by the end of this year. Moreover, it will also catch the eye of more investors and it will help in making more good reputation of bitcoin.

Once again a new ATH is added to the history of bitcoin. By the upcoming days this will continue to change as the price seems to be in a position to grow further. As the fork is getting close, we might be ready to face any sort of moves, price might move upwards as majority users support growth as the panic around the community is found less than the past.

I am expecting it to reach $6000 at the end of this month as mostly the new coin will gain some investment initially but after the whales pump and dump it we would expect the money to flow back to main stream bitcoins as this is already happened with bitcoin cash (BCC) so i would be expecting the same thing here.
but there is a point where it will dip a little and i suppose it will go down to 4400 then will jump back.

I didn't expect the bitcoin will grow this much faster than other. Currently it reached to around ~$5500. Lets wait for hard fork on bitcoin gold birth. People are moving their alts to BTC since the expectation on growth is high

I agree with every point that you make in terms of what seems probable in terms of higher end price movements has become more probable after we have achieved certain price levels.  In that regard, we need to consider these matters in terms of percentages of price movements rather than absolute numbers, and in that respect, absolute numbers become more achievable because with the price rises they become much more easily achievable to get to the next level.

So, yeah, an underlying theme to any price appreciation discussion and whether $10k is possible or any other higher number, we question the extent to which we might be in a bubble this time as compared with other exponential price growth periods, and surely the price rise this time has been a lot more dragged out (in the past two years) compared with prior exponential price rises of 2013 and previously.  But even if the slope has been more gradual and longer, at any time, we could convert into a temporary bear market that could last a couple of years.. that is if we run out of buy support--- which currently seem to be ongoingly strong.

These fairly significant corrections along the way of 20%, 30% or even 40% (which was the last one from $4980 to $2970) help to allow for buying support to catch up and for the exponential price growth to continue... cross your fingers regarding how long it can go and how far up it can go... Certainly, i don't mind corrections along the way that allow for somewhat of a more gradual slope to the extent that gradual slope might be sustainable.

Now price is over 5.600$ and I expected some new price records, just not so fast. On 10.000$ before new year was hard to believe couple months ago, now that is becoming very possible. I think after this year rise from 1.000$ to 3.000$ in just couple weeks I think bitcoin price will never surprise me like that again. Now I'm more prepared for sudden changes, and in price rise I don't doubt like before, I think I'm more optimistic then before. 10.000$ for now sounds good, and it would be great for that to happen this year, for next year we will have bigger plans.

For me, it was a surprise really. I was expecting bitcoin to be $4500 at maximum and then that Chinese drama had made the believed for me when prices again went down for $2900. But this $5600 is really mind-blowing. And for now, I am really waiting for bitcoin to just jump to $10k within next two or three months. I hope this may happen.

There's a little pull back happening but maybe this is a temporary down for btc and it will go burst when days goes pass and there's a fork will be happen so a big possibilities that we can break the 5.5k barrier and cross for 6k$ per each, but who knows? maybe we can see more price climb from it and maybe we can able to earn more if this good fortune will happen in future.

We have seen the 5,500 $ price of bitcoins and this is what we say All time high. it's a hard fork that will happen on october 25. But there's one thing I want to say because it's hard fork what's hard fork? It gives life to an altcoins result of hard fork. And of course anyone holding bitcoins during hardfork can get free BTG. And this BTG we can exchange with Bitcoina in short it's free money.

I am not even going to read such an article that contains such a retarded premise for a title.

Bitcoin has been around for 9 years and copper has been around for thousands of years.

Even if there might be some short term correlation between the two assests, that is most likely a distracting coincidence rather than really understanding the fundamental differences between the two markets.

In other words, get a fucking grip, if you think that bitcoin is fundamentally the same as copper in any kind of way, except perhaps that they may have some similar price movements, recently, then you are a fucking nut job.   

I picked up an interesting article from Bloomberg. It's saying that there is a really close correlation between BTC and the price of Copper. It's in complete lock-step moving. I have looked and it has continued to trade like this since their chart, end of September. They think it is because of the amount of money that Chinese people speculate with. When they speculate they buy BTC AND Copper. Maybe it's true and maybe Copper could be a good indicator of BTC moves at the moment.

https://www.bloomberg.com/news/articles/2017-09-26/bitcoin-and-copper-in-lockstep-show-chinese-speculators-power

Any thoughts?

You sure seem to know a lot about the future of bitcoin.  Have you been saying similar things since 2015?  or did you just come to bitcoin this year?

The all time high for Bitcoin will soon be over once the fork comes near. So for those who have a couple of money left, they should buy altcoins now because as the OP had said its on sale. Bitcoin really does proved itself that it can surpass anything, even with the recent dump because of the negative news from China it has still managed to even reach a new ath and all thanks to the coming fork as well.

Soon china will join the crypto market again after licensing process. Also, a lot many exchanges are coming up with a lot of local exchanges being setup around different countries. I have even seen BTM (bit teller machine) being setup in different places.

I think that bitcoin will break all records and be around $ 20k within next 2 or 3 years. Better hold the coins now.

Good signs for success, after all devastating moments a month ago, another promising record has begun, from 3000$ rose up to 5000$, this is good chance to earn much profit especially to bitcoin holders. Everybody are in the eyes of bitcoin, i may shift alt coins to btc in the meantime, looking forward to 8000$ at the end of the year.

Alts have been experiencing a lot of bloodbath because investors are selling it off in favor of bitcoin. We just need to wait for the Oct. 25 event and see if altcoin will continue to bleed. I'm happy though to see bitcoin making ATH and getting closure to $6000. All of us here have makes big amount of profit. So let's just forgot about altcoin for the mean time and focus on where the money is right now, bitcoin market.

Bitcoin ATH makes reward for a little hard work very profitable. About 350,000 now makes $20.
Rewind to 2016 about this same time, 3million SATs was equivalent to $20.
I am so happy for this new all time high, but mark you alts may bleed excessively. So it's good to stand aside in btc and watch the drama play out.

That will depend on the exchange, to this day some exchanges have not given to their customers their BCH, so you will need to look at the policy of the exchange regarding the nearest fork that is bitcoin gold, if the exchange is going to give you the coins then it may be a good idea to leave your coins there to trade them immediately for bitcoin.

We need to wait and watch for seeing the side effects of this coming fork. As far as bitcoin’s price is concerned, it has now reached to the record value of 6000$ in a short span of time. It is very much expected that it will keep on increasing in the coming days as well. Bitcoin is going to become the world’s richest coin. It will bring a great revolution to this world.

Yes bitcoin now breaks record of its price going higher.Altcoins convert now to bitcoin also because of its very interesting price value.People now really amazed to bitcoin and there are many people now looking and searching for bitcoin because bitcoin now is like a charity cash that people are searching for.Just exert an effort  and have more patience to wait and you can see the outcome of your sacrifice.Bitcoin will Wipe out your tears and change all your tears into joy and your life will really change.As bitcoin now is running expensive that after this fork l know that bitcoin will surprise all bitcoiners to overwelmed thanks giving to bitcoin for the blessings of bitcoin spread to all people hoping on bitcoin.

Totally agreed with your views, Bitcoin has been rising rapidly and I am hoping to see it cross $6000 soon.

It is possible that bitcoins would cross $6000 before 25 October because many people want free money, that is Bitcoin gold.I think bitcoin gold suffer the same fate like Bitcoin cash has suffered.But I think this fork might cause panic among people which could lead to panic sell thus prices of bitcoins might fall.This fork has caused a drop in other alts as people has cash out from them just to invest in bitcoins to earn free money.

Jamie is hiding somewhere right now in the corner of his toilet in shame. He has got nothing to say and his mouth will remain shut.
The community is stronger than them ad bitcoin is thriving even more than they can imagine. The same Jamie who came out condemning bitcoin handles xbt transaction for client. Who is the punk here?

Hopefully it will. The aftermath of the fork will tell before we can know if the free money will be available or it is just going to end up being one useless fork in the history of all forks. I have been trying to see if there is any information regarding it but nothing yet.

BCC was even more like an attack on bitcoin and eventually got its place somewhere where it belonged.
However, BCG was never even necessary and is already a greater shitcoin than BCC before it even arrives. Its dump will even make bitcoin's value to shoot higher than what we have presently and we might start seeing a new ATH by then.

Its probably going to be the same thing repeating itself while some exchange will outrightly give direct proportion, others will want to test the coast before hopping in just like the case of BCH but hopefully in the coming days, things will be more open then we will see the true effect of things but I feel this coming fork of BCG is not gaining attraction as much as the November proposed SegWit.

It's quite possible that it breaks the 6,000 barrier before the hard fork. But, I'm personally expecting a little panic once the fork happens. People will then carry out their planned dump and cause even more panic to the average user. I think we'll see the price find it's way down to around 5000 again after everything has cooled down.

Currently, bitcoin is above $5650 and that was after a correction from $5900 high today. We are expecting a very serious push as all the technical indicators are showing upward movement. " bitcoin is actually on fire altcoins are on sale" as we are witnessing alot of discount in there pricing. I just believe that fund will start flowing back to altcoins markets during bitcoin's price correlation. Bitcoin is the king of crptocurrencies and we expect it to carry other alternative coins along in the long run. Many people are currently speculating that bitcoin will get to $10,000 before end of this year on twitter, we hope this is achieved.

The sudden surge was unexpected so soon, now it seems it can reach past $6500 within this months end. THe price will surely take a dip as many would sell for this surge, but I think its going to continue further more even before the fork. But if the fork is completed, we might see another surge. The current rise might be due to the fork only as it would help investors like in the previous one.

What you told about bitcoin is their but this rally is mainly due to the hardfork which is going to happen on october 25th 2017 and everyone is expecting the free coins from the new hardfork so that free bitcoin can be earned more by holding high bitcoins in wallet or exchanges.

There is still a lot of room for Bitcoin to grow and we just made another step forward with breaking the $5000 mental barrier. Don't get too much excited too, as we all know that's its possible to hit the ground again. Its crazy though hitting it in just short amount of time. Looking back a few years ago, no one can think that's its really possible. But we are here today and witness to that occasion.


For sure its possible to hit it. Long way before the fork, it's gonna be one hell of an accomplishment. All that's have been happening to us is due to the fact that we remain with bitcoin despite all the negativity and bashing and attacks it had faced from different personalities and government. No one will really doubt that bitcoin is here to stay.

We are going to hit $6000 in a couple of day before the fork or even after it. I agree with what OP said "let's stay our feet on the ground since we might gonna witness a great evolution of the price of Bitcoins". Let us keep in mind that the prices might go down but let us also be mindful that the greatest price surge in bitcoin history might be happening right now.

This is what I am waiting for. 6k$ is the price I want to see.

Exactly brother,we shouldn't be much excited for bitcoin crossing the milestone of $5000.Bitcoin has much potential hidden in it. There's much room left for Bitcoin to grow.If we take a look at the bitcoin's price a couple of years back we can see the difference.So let's just try to hold whatever bitcoins we have and are earning for a better future.

It is currently now at 5600$+ I think we are going to hit 6000$ thin month, Bitcoin is going to set a new high record. We are having many new investors I guess, Many new faces are coming towards Bitcoin and adopting it. I think China has no impact on the price of Bitcoins?

This craze will not be there for long . You will later see that you were just excited to see the prices of Bitcoin reach 5k USD . Like 2 years from now if you look back to your posts then you will feel that 5k was such a small amount . And this will go on and I don't feel that there is any stopping of Bitcoin

Yay! I feel we will be in 10k soon. 
I don't think is for the fork. I think institutional investors are entering.

I was hoped that bitcoin will reach $ 5K by the end of this month but it was happened very earlier.Still it a very happy news for all the traders and for the people who getting their salary in BTC because it will increase decent amount of income.Like yiu said the new era of bitcoin begins like bitcoin gonna reach maximum level soon in the coming year.So don't sell your bitcoin just hold it to get extra profits.

There is no people are not going to receive free bucks from the bitcoin. Those people are falling in love with the fork of bitcoin, because they are seeing about the fact that the airdrop of the bitcoin cash already did so well.

And so they are all in competition to buy the more bitcoin as much as they can, the more bitcoin and the more bitcoin gold they will receive.

This is just like a competition to grab bitcoin gold and at the same time gives big impact to the price of the bitcoin.

This is what we all were expecting to happen since past few weeks. It is a wonderful good thing for all those who were holding their bitcoins since quite long. This is just the beginning of a new era of bitcoin, it will reach its maximum value by the end of this year and it will help in earning a very handsome amount of money to all those who believe in bitcoin. This is the time to celebrate.

It is rising drastically and many traders are celebrating it, and there are people who have become wealthy because of Bitcoin. They silently thanked the events from china that helped them today LOL 

After each split, Bitcoin prices will increase dramatically in a short time, which will increase Bitcoin prices over the next few years and may even reach $ 10,000 this year because Bitcoin is pumped a lot

Yeaaa people really excited about that , crazy indeed i must say .
Too much opportunity to make money through the fork , split now split then , get the freemoney.
It is sounds like too good to be true  , should we sceptical about that?

Bitcoin Cash did not have a negative effect on Bitcoin. I think the split on October 25th will have a positive impact on the price of Bitcoin. today the price of Bitcoin which is 5200 dollars can be increased up to 6 thousand dollars after split.

Just wait what will be the output after the fork. No doubt price increase today is somehow due to the interest of people to have shares of BCG which can be considered as free money. The real price increase must be without any reason other than strong demand.

But what's good here is, if correction price will established around $5,000, it's a good starting point for another trip to the moon. Can't imagined how far this will goes once BCG small hype will be over.

And hopefully it wasn't just a bubble , but more to a stable on the higher rates.
Really unexpected , i have made a prediction that the value of bitcoin will only increased to $5,000 next year.
But the market says different , lookslike we have a lot of new big whales coming to digital asset such as bitcoin.

Expect loads more FUD from Dimon and friends and bubble comments from media.

Once again a new ATH is added to the history of bitcoin. By the upcoming days this will continue to change as the price seems to be in a position to grow further. As the fork is getting close, we might be ready to face any sort of moves, price might move upwards as majority users support growth as the panic around the community is found less than the past.

Well, hopefully bitcoin price will continue to rise, bitcoin price today already target $5100 what more we will expet on next year? Unless there would happen again that will affect bitcoin price but hopefully there would be no split will happen on next fork.

well i guess the upcoming fork play a big role in the recent pump of bitcoin price. Many people are now buying bitcoins and HODLing it to get stake for bitcoin gold. I am expecting it to become 6000 dollar before the the year end or it will be sooner.

This is due to the fork and might bitcoins would ever reach for his all time, But we just expect for another boost to be happen and hardfork is one of the main reason for this one. so let's stay our feet on the ground since we might gonna witness a great evolution of the price of Bitcoins. And holding is the best thing we can do to join for these current good flow.

will this fork play out as free money as usually when bitcoins are kept in exchanges or is it specifically for bitcoins in wallets one possess it's private keys.

A little over a month ago, China tightened regulation on ICOs and cryptocurrency exchanges, crashing the price of BTC from $4,975 down to under $3,000. Now, just over a month later, we have seen a Bitcoin price rally, blowing past previous all time highs.

Many people are moving their positions from altcoins into Bitcoin in anticipation of the Bitcoin Gold hard fork that will be time-stamped on October 25th. In a fork, a group of miners decide to create a copy of the existing blockchain from a particular block, then branch off into a new blockchain thereafter, typically to implement different protocols or policies. As a result of this blockchain copying, every person who holds BItcoin in a supported wallet will receive free Bitcoin Gold at a rate of 1:1. This is a very attractive motivation to be invested in BTC currently, especially after the last Bitcoin Cash fork birthed a top 5 cryptocurrency out of thin air, earning investors mountains of free money.
It’s clear that the hope and expectation for this hard fork is relatively the same, as Bitcoins rally comes during an otherwise greatly reduced market. Bitcoin is on fire, and altcoins are on sale.