BTCUSD 6000 is new low, breached today

Slow death

legendary

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Quote from: fxbit on October 20, 2017, 10:10:36 AM

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Quote from: fxbit on October 20, 2017, 12:47:37 PM

Quote from: AntonAnton on October 20, 2017, 12:30:48 PM

In my opinion, the title of the topic is not quite correct. It would be more correct to say that bitcoin overcame the $ 6000 mark. And this happened for the first time! That is, in fact, it should not be about collapse, but about the record.

Since 5092 become recent low and its happen just 2 days ago, I think 6000 will become new low in 2-3 days time, hence the title

I thought you posted some graphic image with price forecasts, like those tradeview forecasts, but when I clicked on the image I was disappointed. in order to do what, on your title, ummm I do not agree, the price may still fall a lot and it will take a long time to go back up to $6000, think that the reason for this big increase is related to BTG and segwit2x and if you have not these two events, what will happen? who will buy many bitcoins like these days?

fabiorem

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The floor is still $5000. For it to be $6000 it will need consolidation, which may happen after few weeks.

Daisuke

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Quote from: yakushev on October 20, 2017, 12:26:02 PM

Quote from: fxbit on October 20, 2017, 11:54:04 AM

price most likely sideway and slowly drift lower but will likely surge pass 6500 next week

Next week is the 25th. And I'm sure that the price will be very close to this date. After all, a split soon and everyone will buy bitcoin. I'm also waiting for this date

I think there would be a major correction on the price of bitcoin after the fork. lot's of traders and investors hold their bitcoins for the free fork(bitcoin gold) and I think after that they will buy altcoins as we know that they are dump. After fork it will be the alts party.

faycel96

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Quote from: joseafonso123az on October 20, 2017, 12:04:36 PM

You meant to say that BTC reached a new height!
It will probably go downwards a bit after the coming fork, for correcting purposes, and then it will keep getting new heights till the other fork happening in November! Unless the 25th fork have a bad effect on BTC, i don't see it going below after the correction!

It's a very confident buy move, I would not be surprised if it is $6500 tomorrow . because you believe the price will be higher in the future .
I really hope altcoins recover after the bitcoin gold fork.

baybeelucas

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Thats the nature of bitcoin and alts. Something goes up while some others have to go down. Best time comes when most of what we hold are going up. That will be a good time to secure some profits

macartem

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The growth of bitcoin greatly influences the course of other forks and altcoins. I now do not like it at all (

fxbit

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Quote from: AntonAnton on October 20, 2017, 12:30:48 PM

In my opinion, the title of the topic is not quite correct. It would be more correct to say that bitcoin overcame the $ 6000 mark. And this happened for the first time! That is, in fact, it should not be about collapse, but about the record.

Since 5092 become recent low and its happen just 2 days ago, I think 6000 will become new low in 2-3 days time, hence the title

BillCoin

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Quote from: AntonAnton on October 20, 2017, 12:30:48 PM

In my opinion, the title of the topic is not quite correct. It would be more correct to say that bitcoin overcame the $ 6000 mark. And this happened for the first time! That is, in fact, it should not be about collapse, but about the record.

It passes the 6000$ at most of the exchanges, including bitfinex which is one of the biggest in the western side.
But it is still hard to say that 6000$ is the new low , because the price is surging between 5950-6050, once we pass it and we create a support line at about 6100$, we would be able to say that six thousands is the new low.

fxbit

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Quote from: jc89 on October 20, 2017, 12:12:47 PM

This is great! I just wished I witness it live with my own eyes it is phenomenal. I might be overreacting right now but seriously, I thought 6k is reachable by at least end of this month or before the year end. And now we've reached it. Btc just keeps on surprising us. But then there is the coming fork that surely contributed to this new ath. I wonder where will btc be by the end of this year.

The move is phenomenal, first its look like finding 5800 but after a while the buyer coming in again and touches 6000 after topping at 6040 market calm again, I watch it live, though I am looking for good entry at lower price, the surge is such exciting to experience

AntonAnton

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In my opinion, the title of the topic is not quite correct. It would be more correct to say that bitcoin overcame the $ 6000 mark. And this happened for the first time! That is, in fact, it should not be about collapse, but about the record.

yakushev

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Quote from: fxbit on October 20, 2017, 11:54:04 AM

price most likely sideway and slowly drift lower but will likely surge pass 6500 next week

Next week is the 25th. And I'm sure that the price will be very close to this date. After all, a split soon and everyone will buy bitcoin. I'm also waiting for this date

dothebeats

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Quote from: CodyAlfaridzi on October 20, 2017, 10:54:52 AM

This is so crazy. The last two months shall be remembered forever, we went from flash sale $2900 to new ATH $6000 in a month. So sad that I sold it earlier, now I have to rebuy it with some (potential) losses. Guess I'll just hold it tight now, the mega bull is getting crazier.

I'm kinda kicking myself since from $200, i patiently waited for $2900 thinking that it would be the top. Boy I never got any more wrong than today. Imagine if I held from $200 up to $6000, I'd be having my early retirement at the age of 20s and would never have to work a single day of my life ever again. As for the unimaginable increase, my senses tell me that somehow this isn't going to hold for so long, but I'd like to be wrong at that.

Quote from: CodyAlfaridzi on October 20, 2017, 10:54:52 AM

$6000 is the new ATH. This rise is also memorable because Bitcoin is reaching $100 Billion market cap. Now Bitcoin is also bigger than Goldman Sachs (market cap - $99B vs $95B)

And Goldman Sachs is trying hard to send warnings that bitcoin isn't the new gold. Roll Eyes

sic57005

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You made 3 mistakes in spelling ATH, lol. Now make 3 mistakes in reinvestments and guess what will happen next.

fulmetal08larz

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In my opinion, many bitcoin traders and big whales will take profit soon and we must take the opportunity as well to accumulate more bitcoins when the price hits the bottom again. The All Time High of $6K is a very good sign that bitcoin is getting healthy and heading towards a brighter future. We can see from the trend of the bitcoin's price that the exponential growth will soon reach towards $10K and it might happen before the end of year 2017.

jc89

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This is great! I just wished I witness it live with my own eyes it is phenomenal. I might be overreacting right now but seriously, I thought 6k is reachable by at least end of this month or before the year end. And now we've reached it. Btc just keeps on surprising us. But then there is the coming fork that surely contributed to this new ath. I wonder where will btc be by the end of this year.

solarion

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Quote from: Willitivity on October 20, 2017, 10:58:34 AM

Am really impressed and and filled with optimism and Bitcoin has nailed a new landmark of $6,000.
Even though the surge in price is as result of the upcoming fork, but still it's a good feat.
In no time Bitcoin will be heading to $10,000

Yup I checked peak value in CoinDesk chart touches 6003$ today. Really 283 USD changes in the chart from yesterday to today. I think traders has taken the charge to find the profit now. Good time to sell for the long term investors.
If you seriously look into more profit you have to wait more 2 years to find the profit more. Marching towards 10k would be much now it takes at least more than 5 years to find that value.

joseafonso123az

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You meant to say that BTC reached a new height!
It will probably go downwards a bit after the coming fork, for correcting purposes, and then it will keep getting new heights till the other fork happening in November! Unless the 25th fork have a bad effect on BTC, i don't see it going below after the correction!

fxbit

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price most likely sideway and slowly drift lower but will likely surge pass 6500 next week

iamTom123

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Quote from: fxbit on October 20, 2017, 10:10:36 AM

For sure, there are many Bitcoin holders and traders right now who is rally amazed at this surge and hoping that it can be able to last maybe into the end of the month but there has been an analysis that it would really try to breach the $6,000 level before making some necessary value corrections. Now, the most important thing for now is that it already got into that level and if ever there would be a retreat then it can be coming back for more or beyond the 6K mark.

I can feel the excitement for Bitcoin right now and this is quite a revenge especially for people who are trying to put down Bitcoin via their press releases (hello Mr. Dimon) but since the market is not anymore listening to rehashed statements and analysis it is time for these people to reconsider their stand on the King of Cryptos.

Do you think Bitcoin can be able to hold on to this new level?

TrendVest

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setifien19

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Bitcoin reached 6000 $ because people are preparing themselves for next fork where they will receive free bitcoin gold (which is an extra free money for holders) , and I think its price will continue rising (at least for few months later)

mostkey

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Quote from: HouweTrouze on October 20, 2017, 10:38:01 AM

Plenty of people buying now before the fork for the BT Gold and afterwards a downfall for all people selling the BTC again. Either to reinvest in BTC afterwards or in other altcoin.

that is the only reason why people hold bitcoin, they want to get the bitcoin gold that can be for free from the second hard fork, and I think it will invite the risk because very high bitcoin volume is circulating in all exchange, I'm afraid if bitcoin will disappear and be replaced with gold bitcoin

fxbit

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this 6000 ATH will stay ATH for maybe 2-3 days only after that will become very difficult low to breach

Willitivity

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Am really impressed and and filled with optimism and Bitcoin has nailed a new landmark of $6,000.
Even though the surge in price is as result of the upcoming fork, but still it's a good feat.
In no time Bitcoin will be heading to $10,000

CodyAlfaridzi

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This is so crazy. The last two months shall be remembered forever, we went from flash sale $2900 to new ATH $6000 in a month. So sad that I sold it earlier, now I have to rebuy it with some (potential) losses. Guess I'll just hold it tight now, the mega bull is getting crazier.

Quote from: spadormie on October 20, 2017, 10:43:36 AM

I know right. This is a great opportunity in all traders around the world. We are close to the 10,000 usd mark or new ATH. Probably we are to reach that goal in no time. This is why bitcoin is love by many people. And right now many people that invested in bitcoin especially those people that invested a long long time ago, will rejoice. They are now richer than ever. Cheesy

$6000 is the new ATH. This rise is also memorable because Bitcoin is reaching $100 Billion market cap. Now Bitcoin is also bigger than Goldman Sachs (market cap - $99B vs $95B)

fxbit

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this surge move to me look like huge institutional investor, looking for profit, not hodling for the fork, its look heavy now, maybe go down somewhere around 5500-5700

spadormie

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I know right. This is a great opportunity in all traders around the world. We are close to the 10,000 usd mark or new ATH. Probably we are to reach that goal in no time. This is why bitcoin is love by many people. And right now many people that invested in bitcoin especially those people that invested a long long time ago, will rejoice. They are now richer than ever. Cheesy

tiggytomb

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Quote from: HouweTrouze on October 20, 2017, 10:38:01 AM

Plenty of people buying now before the fork for the BT Gold and afterwards a downfall for all people selling the BTC again. Either to reinvest in BTC afterwards or in other altcoin.

Agree, there will be a drop once people get their bitcoin bold and the alts they sold will be bought back, I don't think it will be a huge drop though.

HouweTrouze

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Plenty of people buying now before the fork for the BT Gold and afterwards a downfall for all people selling the BTC again. Either to reinvest in BTC afterwards or in other altcoin.

Hasbro27

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bitcoin in my opinion will continue to rise and the price will be more than 6000, maybe it's because bitcoin will fork with the release of bitcoin gold, so many people are holding off from selling bitcoin

fxbit

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yes it is, probably will drop again and then blazing through 6500 next week

X7

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Let he who is without sin cast the first stone

I'm guessing you were trying to say BTC broke $6000 today?

fxbit

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Topic: BTCUSD 6000 is new low, breached today (Read 653 times)