Topic: Reason for the recent pump to over 5000 USD (Read 268 times)
Hard fork starting October 25. Just like what happened last August Altcoins dropped, Bit coin went up and you get a reward of Bitcoin Cash for the amount of Bitcoin that you have in your wallet and the ratio is 1:1. Looks like a lot Altcoin holders learned from that so if you notice, Altcoins are down and a demand for BTC is up.
Maybe the reason behind this pump is the preparation for the upcoming second hard fork, I think they don't want people to hold much bitcoin so if the price is high people will not buy and hold their coins, it seems they want fewer people holding bitcoin during the introduction of bitcoin gold and bitcoin segwit 2x.
it's because it will appear bitcoin gold for this month so if you remember bch then it will happen again in bitcoin gold, the reason is that's it's just me to keep watch when hardfork happens
One of the reasons could easily be the S2X fork that is happening next month. People want their free "airdrop" just like what happened to Bitcoin Cash, so they are selling all their altcoins for Bitcoin. Just check all the other cryptocurrencies and you will see how the recent Bitcoin rise is correlated with the price drop on all other altcoins.
We may even see another rise if S2X dies in a few months and Bitcoin keeps it economic majority. Check the other threads before making the same question over and over again.
We may even see another rise if S2X dies in a few months and Bitcoin keeps it economic majority. Check the other threads before making the same question over and over again.
What's the reason? 
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