Bitcoin Forum

As I am writing this thread, Bitcoin is now almost arriving at the $5,000 mark...it is exactly $4946.87 with a market capitalization of    $81,813,250,499, circulating supply of 16,538,387 BTC and volume of $2,722,280,000 (taken from CoinmarketCap.com).

It is now very, very possible that it can be breaching the $5,000 wall anytime now...though a correction is also possible after getting into that level...though I am hoping it can continue rising into the $5,200 vicinity or even more. And it is not just Bitcoin but also other top cryptos like Ethereum, Monero, BitcoinCash and my little darling BitconnectCoin or BCC.

Are you happy with this tide rising?

This tide is going to be like tsunami rising and taking bank and anything on it's way. Nobody ever saw this coming

BITCON REACH 5000$ :D
It seems to violate all the rules.  If just blew through a head and shoulders.  There was a downward pennant there and yeah it dipped a bit, before blowing through that, and it seemed to have hit resistance but then it did kind of a slight upward pennant before blowing  through the resistance level.  It seems like the technical negative signals just don't have any staying power.

It's going up too fast and I'm getting scared. I was asking myself whether I'd buy at these levels, and the answer is no. So who is buying?

this is not yet THE tide, it is just a small tide showing off the small amount of potential of bitcoin. we have not yet seen THE tide rising. ever since 2015ish i have been saying price is laughable when people said we are at $XX and you can see how $400, $600, $900, ... sound right now. it will be the same with $4946 too when we are high above $100,000 and speaking about when $200,000 is going to be here.

Feels to me like everyone is playing and dancing in the sand and rocks before the dumpage tsunami comes and devastates the entire community. I am not a buyer I'm sitting out on this one. However I did ride and profit from previous bubbles. Good luck the good is great, but the bad can be very bad. In the end, everyone who needs to learns.

Buying activity today is mostly driven by experienced stock investors who have recently stepped into Bitcoin market. New people have increased the demand recently and that is why people are even buying at $5k and still increasing the price. There is an increase in popularity of Bitcoin this year due to increase in mainstream media coverage and governments making it legal. Bitcoin has the potential that we all knew. But wasn't known to many people. As the awareness increased, demand has automatically increased.

New investors want to be a part of Bitcoin community at whatever price as nobody can deny its future potential and huge returns that awaits us.

100% agree with you.

I would rather have a bitcoin in which the price can be fluctuate less. I would rather own bitcoin when it is going up by say, 1% a week on average and is consistent, instead of going up hundreds of dollars in a day and you never know when the adjustment is going to come.

I don't know who is behind this pump, and this is getting everyone excited. Nobody seems to be able to think into the future and see that a dump will always end even the biggest pumps. I think that we will break $5k once again and stay up there, but for how long i have no idea. These pumps can't continue forever.

Also when/if a mega dump occurs the shorts will rip open so hard hey put a hole in the universe. It makes me think the entity responsible for the pump really has a big-short agenda

Pretty scary stuff I should say, or maybe I'm not really used to seeing bitcoin hit this large gains in a single day, or any stocks or asset in my life. Though it's good seeing bitcoin hit record highs everyday, the question is when would it be placed when the fuel already runs out. India, SoKor and Japan are the primary drivers of this tide.

When would they dump to collect profits? That's really tricky and intriguing to me.

I sure am hapoy with this tide rising. I mean, who wouldn't be? People love profit and proving to those nonbelievers that they are freaking wrong and have missed a lot of trains by doing nothing and just criticizing what we do and our decisions to believe and invest time and money on crypto currencies. But this is just the beginning. The best is yet to come. And it will be a tsunami. And will wash over all the chains of all the banks and governments that holds us along with it.

The correction has brought us down. We were pretty close to breaching the $5000 level, but unfortunately traders seemed to not like the price level and cashed out prematurely leaving us hanging  :-\

I'm definitely happy, but this presents risks in holding any amount of bitcoin. It could go up again, yes. But then you never know when it is going to go down and by how much. This is extremely risky stuff.


This is exactly what i'm concerned about. I'd rather btc be more stable than pumping all the time.

People who have great faith in bitcoin are buing at the moment.
Or people who consider it to be a long term investment.
I think it's the growing number of people who buy that lets the price climb higher.
One buyer alone does not put much money in it anymore, but combined, the amount of new money flowing into bitcoin is larger than ever.

"The bigger they are, the harder they fall" comes to mind. If you did have money invested before the current spikes, it'd definitely be worth cashing out some of it to retain the profits incase of a sudden price drop. I'd love to see 1 bitcoin being worth $5,000 as it has come so far.

I agree and the price is currently "falling" down to $4600 maybe some of the investors are making a sell order at around $5000 earlier that trigger this panic selling again. I just hope that I have money to really buy in this kind of dips. Sadly I don't have so I just enjoy watching the price going up and down at the moment until such time that I can enter the market.

People who have been expecting for a bigger price profiting will continue investing into bitcoin unlike the price increase and decrease. When the first price increase took place for the year, it was mentioned as a price wave. Maybe this too will be a continuation of the previous tide.

You know, this exact post would be perfect in Dec 2013 when btc just reached $1100. And you would be right, buying right then wouldn't have been a good move over the next 2 years but over the next 3.5 years it would have been a great move.
So, take your fud and stick it.