What happened to Bitcoin ? Hit all time high $6400 - page 2.

boyptc

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Quote from: shursight on November 06, 2017, 03:33:24 PM

Looks like it is falling right now, i dont understand why it has become so bearish right now. I still remember that yesterday it was about $7600 each bitcoin, and now it is below $7050 each one, this is crazy, the whole market is crazy. Anyway, bitcoin has rised a lot and nobody can explain why it has rised so much in the last few days, but we all are happy, so it is okay after all.
I think that it will crash a little for some time, and then go up again when the next fork on December is going to be announced.

It did fell, it's normal mate that after these bull it should take a rest for a while. And while the bull is taking a rest, the bear shall come any moment so that was an expected thing to come. It's $7,100 and I hope that it will not going to be lower than $6,500.

shursight

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Looks like it is falling right now, i dont understand why it has become so bearish right now. I still remember that yesterday it was about $7600 each bitcoin, and now it is below $7050 each one, this is crazy, the whole market is crazy. Anyway, bitcoin has rised a lot and nobody can explain why it has rised so much in the last few days, but we all are happy, so it is okay after all.
I think that it will crash a little for some time, and then go up again when the next fork on December is going to be announced.

Mexim

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Quote from: LFC_Bitcoin on November 01, 2017, 03:43:28 AM

Quote from: Masterio on November 01, 2017, 03:39:12 AM

The high demand might be because more and more people start hearing about bitcoin, personally I've heard quite a lot of people starting to talk about bitcoin (didn't hear anyone talk about bitcoin last year, or before that).

Yep, more average joe’s are beginning to get involved in bitcoin but also as the price goes up & begins to look like a sure bet, institutional money flows in & that is usually big money which will obviously make the price go up.

Hmm things start to get clear to me now , as the supply of bitcoin getting lesser and lesser , as long there is mass adoption coming into the scene then bitcoin price will definitely goes up in long term

Faroxx

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This surge in prices has occurred due to the imminent hard fork. After S2X price will collapse. IMHO

Mexim

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Quote from: jseverson on November 01, 2017, 02:58:25 AM

Bitcoin doesn't really need any recent developments to happen to surge or to plummet. It's simple supply and demand. Demand for Bitcoin is unstable, and the price of Bitcoin is volatile in consequence.

I wouldn't say nothing is happening at the moment though. Segwit2x fork is looming in the distance, and unlike Bitcoin Gold, I don't think people will dump as soon as they get them. It's more likely to be valuable and it could very well be free money, so people might be stocking up.

Okay it's crazy , just few days and now is already $7400 ,so it means any news will terribly affect bitcoin price? Isn't that abit risky?

wagi

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Quote from: Mexim on November 01, 2017, 02:51:23 AM

Hi , I'm new to the cryptocurrency world and I have no idea on how does cryptocurrency price works , Bitcoin just happened to hit $6400 without any news or development on the project , how is this possible ?

I think this price hit since the last fork. It continue the price since no bad news.
Actually bitcoin world no need news to grow up. Its just grow depending of the demand.

salihno71

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Quote from: Mexim on November 01, 2017, 02:51:23 AM

Hi , I'm new to the cryptocurrency world and I have no idea on how does cryptocurrency price works , Bitcoin just happened to hit $6400 without any news or development on the project , how is this possible ?

Welcome. You will see that there is a pattern. Someone talks crap about bitcoin - the price reduces a bit and then it continues to rise. Some country forbids the usage of bitcoin - the price reduces a bit and then it continues to rise. There is a rumor on potential nuclear conflict - the price reduces a bit and then it continues to rise. So basically it is in constant growth until it reaches some point where it will remain stagnant for some time. If you check the historic prices you will see that there were such periods in the past. Unfortunately noone can tell you at which value this will happen.

LFC_Bitcoin

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Quote from: Masterio on November 01, 2017, 03:39:12 AM

The high demand might be because more and more people start hearing about bitcoin, personally I've heard quite a lot of people starting to talk about bitcoin (didn't hear anyone talk about bitcoin last year, or before that).

Yep, more average joe’s are beginning to get involved in bitcoin but also as the price goes up & begins to look like a sure bet, institutional money flows in & that is usually big money which will obviously make the price go up.

moonchaser_babylove28

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Quote from: Mexim on November 01, 2017, 02:51:23 AM

Hi , I'm new to the cryptocurrency world and I have no idea on how does cryptocurrency price works , Bitcoin just happened to hit $6400 without any news or development on the project , how is this possible ?

It is part of growth since we only have a max supply of 21 million coins , since the the demand is rising due to news and fuds many people are getting into as well. We can't stop the growth for it is inevitable. What we need to do is start to study it, learn the basics and see the growth from within, speculating is none sense if we don't get in the game. We might be left behind if we don't start right now.

Masterio

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The high demand might be because more and more people start hearing about bitcoin, personally I've heard quite a lot of people starting to talk about bitcoin (didn't hear anyone talk about bitcoin last year, or before that).

n4poleon

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Quote from: jseverson on November 01, 2017, 02:58:25 AM

Bitcoin doesn't really need any recent developments to happen to surge or to plummet. It's simple supply and demand. Demand for Bitcoin is unstable, and the price of Bitcoin is volatile in consequence.

I wouldn't say nothing is happening at the moment though. Segwit2x fork is looming in the distance, and unlike Bitcoin Gold, I don't think people will dump as soon as they get them. It's more likely to be valuable and it could very well be free money, so people might be stocking up.

Well, while that is true. the news where CME doing bitcoin futures might have been influenced the price. I myself is more bullish than ever as this would mean that institutional money would be flowing to crypto and mainstream investment is opening a little bit. And by the way, people can trade bitcoin futures at bitmex before it is getting cool. lol

jseverson

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Bitcoin doesn't really need any recent developments to happen to surge or to plummet. It's simple supply and demand. Demand for Bitcoin is unstable, and the price of Bitcoin is volatile in consequence.

I wouldn't say nothing is happening at the moment though. Segwit2x fork is looming in the distance, and unlike Bitcoin Gold, I don't think people will dump as soon as they get them. It's more likely to be valuable and it could very well be free money, so people might be stocking up.

Mexim

newbie

Activity: 34

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Hi , I'm new to the cryptocurrency world and I have no idea on how does cryptocurrency price works , Bitcoin just happened to hit $6400 without any news or development on the project , how is this possible ?

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