Price Back to 5,700 and rise more - page 2.

makishart

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Quote from: anonyme69 on October 26, 2017, 09:43:47 AM

Quote from: LFC_Bitcoin on October 26, 2017, 06:27:13 AM

I read something earlier that several Chinese exchanges are/will be trading bitcoin again. Their government is rumoured to be relaxing its ruling on the ban so this is probably the reason for the price increase we are currently witnessing.

Are you mean huobi they try open new site to avoid government ban by made new site huobi.pro

Yes it is, but you can try to see about the latest announcement that already released into the public by huobi itself, it seems the exchange will be actively trading the bitcoin again in the future. Some people are saying about the old news regarding the china ban was fake. But i don't know about the truth behind it.
What's your opinion?

richardsNY

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Quote from: LFC_Bitcoin on October 26, 2017, 09:22:37 AM

$5969 on Stamp as I type this, looks like $6000 will be breached today & then who knows where it will stop.

Yep, and that while people were so sure about the price going to tank after the BTG chain split. It perfectly shows that the increase we have experienced lately was definitely not because of BTG. It of course could have been the case, but this would then indeed cause the market to go down. On another note, BTG has never been an obstacle of any kind, so there remains just one thing to focus on at this point, and that's the far more serious hard fork next month. If we have gone past that obstacle, because that's basically what it is, then nothing will stand in our way to reach $10,000 within 2 months. If everything plays out well and the hard fork doesn't cause any harm, then it's even possible to reach such levels this year. Aside from emergency situations, only an idiot sells now.

akamit

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I am predicting bitcoin price will hit around $6500-$7000 by the end of November.
If the current trend of bitcoin price lasts.

Who knows by the end of the year it may hit $8000. Shocked

This is just my prediction, it maybe totally wrong.

anonyme69

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Quote from: LFC_Bitcoin on October 26, 2017, 06:27:13 AM

I read something earlier that several Chinese exchanges are/will be trading bitcoin again. Their government is rumoured to be relaxing its ruling on the ban so this is probably the reason for the price increase we are currently witnessing.

Are you mean huobi they try open new site to avoid government ban by made new site huobi.pro

Pleione527

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Bitcoin continue to fluctuates and maybe more deeper fluctuations will be experience a week before the expected hard fork but we should not worry because even bitcoin falls and reach $5000 again I'm sure it will not stay in that and will surely pump again and may probably reach $7000 by next year lets just enjoy the pump

LFC_Bitcoin

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$5969 on Stamp as I type this, looks like $6000 will be breached today & then who knows where it will stop.

YuginKadoya

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Quote from: katana2w on October 26, 2017, 08:38:28 AM

Quote from: hase0278 on October 26, 2017, 08:36:04 AM

Quote from: clrpod on October 26, 2017, 08:16:36 AM

It is surprising to me to see bitcoin recover so rapidly, I suspected it would happen ahead of the fork again next month but I did not expect it to be quite so rapid.

The question is if it is healthy for bitcoin or not? I think it is not healthy for bitcoin since a rapid recovery in price tends to be followed by corrections afterwards.

Yes, agree with you. Now price is $ 5895 and I think we can wait for the correction to $ 5750.

Well we can really see it really goes down after the Fork but a few days it increase so fast and now we had hit again $5901.03 as of today, I really think this is not the real price for now because there are many users that got their BTG and now are dumping to bitcoin maybe that is the reason why the value is so high for now but we will see a price correction.

katana2w

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Quote from: hase0278 on October 26, 2017, 08:36:04 AM

Quote from: clrpod on October 26, 2017, 08:16:36 AM

It is surprising to me to see bitcoin recover so rapidly, I suspected it would happen ahead of the fork again next month but I did not expect it to be quite so rapid.

The question is if it is healthy for bitcoin or not? I think it is not healthy for bitcoin since a rapid recovery in price tends to be followed by corrections afterwards.

Yes, agree with you. Now price is $ 5895 and I think we can wait for the correction to $ 5750.

hase0278

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Quote from: clrpod on October 26, 2017, 08:16:36 AM

It is surprising to me to see bitcoin recover so rapidly, I suspected it would happen ahead of the fork again next month but I did not expect it to be quite so rapid.

The question is if it is healthy for bitcoin or not? I think it is not healthy for bitcoin since a rapid recovery in price tends to be followed by corrections afterwards. Still, I think the current price rise is good and probably after this rapid movement it will stabilize at some point to build up momentum again. I also expect that price would rise more by December because many users will have extra money to put into btc.

DrGuns4Hands

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the price now is going rally and now approaching again to $6000 barrier this is good. I smell something good about this since the fork already happened and now panic sellers regretting why they sell their coins. Im glad that Im holding mine for a long term .

clrpod

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It is surprising to me to see bitcoin recover so rapidly, I suspected it would happen ahead of the fork again next month but I did not expect it to be quite so rapid.

Burks

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Quote from: margarete11 on October 26, 2017, 08:13:32 AM

too bad if you sold already your bitcoins this is what I just expected but I did not expect that it will recover this fast . I predict that it wil continue to rise as holiday season approach those who buy bitcoins when the price go down a little has a sure profit this coming december

I think the price will continue to rise upto month of december because that month will bonus on the salary for many people so i think this year they will invest on bitcoin.Because bitcoin gives you more profits than another investment.

TastyChillySauce00

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Quote from: loreykyutt05 on October 26, 2017, 08:00:08 AM

Quote from: TheMojo1 on October 26, 2017, 05:44:17 AM

why after price Back to 5,500 back again to rise (Must price Down Because many sell BTC to get BTG)

this is what I taught also too bad that I just sell majority of my bitcoins when it was going down a little , I predict it that it will become below $5000 after the hard fork but now it continue to rise above that value , bad move for me well atleast I am ok with the bitcoin price rising since I still have few bitcoins left

Well, that's why so many people always advice not to do panic selling otherwise you'll more likely to have this happened to you, this kind of bear trap often happen to bitcoin and it's a lot.
There always some small dump occur after huge price pump and then it's going back to the ATH again for a moment, waiting for its right time to increase again.
Atleast, you're still gaining profit from the increase of bitcoin price.

margarete11

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too bad if you sold already your bitcoins this is what I just expected but I did not expect that it will recover this fast . I predict that it wil continue to rise as holiday season approach those who buy bitcoins when the price go down a little has a sure profit this coming december

loreykyutt05

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Quote from: TheMojo1 on October 26, 2017, 05:44:17 AM

why after price Back to 5,500 back again to rise (Must price Down Because many sell BTC to get BTG)

this is what I taught also too bad that I just sell majority of my bitcoins when it was going down a little , I predict it that it will become below $5000 after the hard fork but now it continue to rise above that value , bad move for me well atleast I am ok with the bitcoin price rising since I still have few bitcoins left

Casmania

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Quote from: MiF on October 26, 2017, 05:58:28 AM

Quote from: TheMojo1 on October 26, 2017, 05:44:17 AM

why after price Back to 5,500 back again to rise (Must price Down Because many sell BTC to get BTG)

Did you sell your bitcoin and get upset because you thought bitcoin will start to pull down but instead it rise again or you just wondering the roller coaster happening to bitcoin value? Well this movement at the moment is very normal for a certain trading in which we cant predict the every mind of all people that some are selling their bitcoin because maybe they need it for emergency use and some people are buying bitcoins because maybe they have found a huge capital to use for investment. You can consider the abnormalities of the trade if sudden huge drop will occur for at least a week but don't panic because you might regret it.

No you can't have the assurance of not getting panic brother, because emotions will tend to lose if ever this current situations of uncertainties will dominate each and everyone's mind. People has challenged the price lately as investors will not stop pulling up on the price specially bigger whales, they had their own studies on how to make that investments grow so far. We couldn't blame on people to sell their bitcoin for money specially in rush needs, that's why we are able to experience faster dumps of the price. Well it's an opportunity for those buyers whose frustrated to buy during low btc value.

alyssa85

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Quote from: TheMojo1 on October 26, 2017, 06:13:15 AM

Quote from: MiF on October 26, 2017, 05:58:28 AM

Quote from: TheMojo1 on October 26, 2017, 05:44:17 AM

why after price Back to 5,500 back again to rise (Must price Down Because many sell BTC to get BTG)

Did you sell your bitcoin and get upset because you thought bitcoin will start to pull down but instead it rise again or you just wondering the roller coaster happening to bitcoin value? Well this movement at the moment is very normal for a certain trading in which we cant predict the every mind of all people that some are selling their bitcoin because maybe they need it for emergency use and some people are buying bitcoins because maybe they have found a huge capital to use for investment. You can consider the abnormalities of the trade if sudden huge drop will occur for at least a week but don't panic because you might regret it.

I sell half of my BTC when price 6,000$ and was thinking price will Down to 5,000$ after new fork BTG start (till yesterday this was right)

Stay calm. It's just making a final attempt to try to get past $6000. If it fails, it will be back down to about $5000.

jtipt

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Quote from: TheMojo1 on October 26, 2017, 05:44:17 AM

why after price Back to 5,500 back again to rise (Must price Down Because many sell BTC to get BTG)

As expected, BTG fork was not at all of any significance, just as mere opportunity to get a free altcoin. I wasn't expecting any drop more than of $500, that's what seems to be happening. Although the segwit2x fork might be of more concern, it has a lot of backing and support from miners as well as users so it might tank BTC's price significantly.

HeRetiK

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Quote from: TheMojo1 on October 26, 2017, 05:44:17 AM

why after price Back to 5,500 back again to rise (Must price Down Because many sell BTC to get BTG)

Because BTG's impact on the BTC price was heavily exaggerated and outside of Bitcointalk very few people even cared about the BTG fork. Arguably not even on Bitcointalk many people did.

Quote from: TheMojo1 on October 26, 2017, 06:13:15 AM

I sell half of my BTC when price 6,000$ and was thinking price will Down to 5,000$ after new fork BTG start (till yesterday this was right)

Sorry to say, but price assumptions are not right until they actually occur. Take this as a lesson that markets, especially BTC, are not as easily to predict as one may assume

Yet again, who knows? BTC may fail to break USD 6000,- and drop down to USD 5000,- after all. I wouldn't dare bet on it though.

cipher-x_09

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It is normal considering the fact that when you are engage in buying and selling or trading bitcoins prices may not go always the way you plan according to your accord well basically it varies upon the law and supply and demand the price depends upon the consumer the way they fell they buying and selling their bitcoins that is how the prices in bitcoins increase/decrease so don't just fret regarding what happens because it depends upon the importance of the item on the market.

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