Bitcoin Forum

Bitcoin price in 2017-10-18: $5101.4

Bitcoin price in 2017-10-19: $5735

24 hour recovery of $633,6: holy shit. Have we ever seen such a recovery before? The recovery of the chinese ban was pretty epic itself but I think it was not as quick in 24 hours, and im not sure if it's even been 24 hours yet since the dip, we'll see at what price do we finish today but that was nuts.

i think it was not the highest record because if i remember it correctly we encountered something like this before and even more than this.
if you looked back at 15 september 2017 and 16 september 2017,
the price is drowning to around $2980 level and a few hours later it was moving upward to around $3875.
which mean in a single night Bitcoin price recovered around $895,
comparing it to right now,i think that's the highest comeback that we ever had.
should be,right ??

Yeah, holy shit didn't expect that. Wish I bought some on yesterday's dip, but I didn't. I thought it would go below $5000 for a while before going up to $6000 again, but it wasn't even touching $5K then immediately go straight back on track. Perhaps yesterday was caused by some whales cashing out?

I really want it to go dipping once again, need to fill my bags before another ride.

Bitcoin price i n 2017-10-20 : $6000+ that will be price recovery of over 20% in 24 hour, I can't say exactly whether this one is the biggest recovery or not but price have recovered dramatically. Hypes over bitcoin gold and upcoming fork might be behind this rise, how price will recover from after fork dump will be more valuable than this one.

Well a record breaking recovery or not I think this recovery will sure be memorable on my part, I am thinking of selling my bitcoin when the price landed on $5100 and thinking that it is because of the hard fork effect but stop and pause because it is too early to conclude and after awhile after seeing this now I sure recover my faith that bitcoin can reach a new All Time High.

I'm not sure this is the largest and fastest recovery but price have recovered dramatically the rapid recovery and needed now because in decline yesterday many people said to be selling BTC. I worry it will make Bitcoin price goes down

It went down just as fast before it went up. I like to call it "cascading stop losses" being triggered. Apparently many people set stop-losses on exchanges: the moment the price drops for example 5, 10 or 15%, they sell. When they sell, the price drops further, triggering the next stop-loss. This can make the price drop very quickly, followed by manual panic sells.
The moment they realize it's just a temporary dump, they buy back and the price shoots up again. In the end the whales have more dollars and more Bitcoins. Newbies in crypto who bought high, still sell low the next day when they panic when the price drops.
It's all part of the game of manipulation.

The drop and recovery was just over 10%, that's not that much compared to what happened to Bitcoin earlier.

The Chinese ban thing, was that when bitcoin slid down to $1900?  That was an epic recovery, and it was fairly quick.

Since I currently have zero bitcoin, I haven't been watching the price these past few days.  I just checked and we're basically back to where we were when I stopped looking.  Yay for bitcoin!

I'm seeing bitcoin mentioned a LOT on gold/silver blogs.  It's kinda interesting.

From looking at the daily graph of USDT to BTC on bittrex you can see a day spread of nearly $1000 from $1k to $2k on 27th of may which is more in both value and far more in percentage terms.

As mentioned by someone just below this post , it was not the biggest but yes it was huge . Such drastic changes are very rare. But I am pretty sure there will be more in the future. Even after this fork we can witness something like this.

Damn I don't know if that's a new record high but that's literally unexpected. The usual recovery was happening 1-3 days but this time it's totally a disaster for those people that missed buying the dip because the price went up quickly. As the price went down again for this month, the chance of seeing the price of bitcoin pumping again is high because of the two hard forks to come and when the month of December enters, expect the unexpected.

I'm pretty sure it's definitely the longest daily wick any chart has ever seen!! :D

This thread will seem funny after a few months when we see 1000s of dollars increase in a few hours.

The recovery may be substantial, but the quantum of upswing is not. I think we went from $4800 to $5800 In one day. crossing $5k was a record and we zoomed to $5800. Nothing beats the experience on that day.

I don't know if that is a new record but one thing is for sure, it is mind blowing. Within just 24 hours, those price swings happened like it was a walk in a park. BTC traders at this time should be exhilarated and maybe, most of them are confused with what happened. I'm imagining what could be the thoughts of the newbies who just entered crypto and saw that crazy recovery. Only in BTC.  ;D

That's a good theory, I saw some huge amount of Bitcoin gambles on Bitmex too. Like 800k BTC trades, that is over $4 billion!

Percentage wise this price shift/recovery wasn't that amazing and definitely not the biggest.
As the overall price of Bitcoin will grow higher with time I guess we need bo ready for increased volatility.
With prices around $6k price drop/recovery of $1k is not that impressive anymore, to be frank.

The trigger for the crash according to media is the Commodity Futures Trading Commission commenting on Bitcoin. Nowadays, whenever any government official makes a comment on Bitcoin, the market tends to over react. But then the recovery is quick.

That's what I thought too was a bunch of whales offloading. Will the market continue to recover? above 6K you think?

maybe not a new record because we have seen bitcoin making more larger pumps in a few hours, like it happened when there was a lot of FUD about China, i remember that the price dropped to $2900 and then recovered to $3700 in just a matter of hours, it was crazy because there was a lot of fud because of China, Japan and Wall street. But we recovered from that.. So $600 is not a big path, it made more beautiful pumps before.

Whether it is a new record or not what matters is it's very amazing to see the pump quickly. This makes me proud about bitcoin because after all of those dips and challenges that it experienced I'm now too confident that if something the same will happen again, it doesn't matter anymore because it can simply pump again.


You made me remember those words, haha yes it's true that it was funny to think about it right now.

If there are indeed people who can afford trading with 100k BTC and more, and they are successfully destroying stop losses and profiting from that, then volatility could continue to go on more severely until we're sick of it.

They aren't ordinary people of course , they are institutions like JPMorgan.

The biggest daily recovery - percentage-wise - I remember was about 150% (measured from the lowest point) on April 12, 2013. Just 2 days after the big crash from $266 to $120, the price went down from about $80 to about $45 and then up to $120 in one single day! You can see the timeframe here:

https://bitcoincharts.com/charts/bitstampUSD#rg60zczsg2013-04-12zeg2013-04-13ztgSzm1g10zm2g25zv

Maybe the 2011 bubble had similar movements, but THAT was epic. It would be equivalent of a dip down to $2000-2500 and back to the current level in 24 hours ;D

Yeah relatively speaking when bitcoin was under $1000 even $50 change was considered drastic. Now if there is a $50 change, it's just normal no one even bats an eye. Similarly after few months when price would be in $10k+, a few hundred dollar change would be just considered normal.

Agreed to this, It will always be a part of the game manipulation. we still cannot set aside other bitcoiners who have weak hands who always been panicking with this kind of events price drops and FUD.

Heck, even hundred dollar changes matter anymore today. I guess people just became used to Bitcoin's volatile nature. There's going to be a lot of FUD again if we drop below $5k though.

price will keep rise and down in rang of 1,000$ between 5,000 and 6,000 next months like what happen in 3,000$ rang and 4,000$ by the end of this year may be rich to 6,000$

Can not say anything more with breakthrough growth of bitcoin when it goes up to $ 58xx, everyone seems unexpected. And they were more surprised when bitcoin went down horribly, many panicked and sold off bitcoin. But they were wrong, bitcoin is a very strong currency, and of course, it will recover quickly.

That is an All time high for bitcoin right now and I think we can proceed in a bigger amount right now because at this time the price is proceeding again in the $5800 and as of now the value is at $5700 mark value, I think we can make it this time to the $6000 mark value.

New record is 2017-10-20  $6.039 

The new record may be at $ 6100, but the price of the bitcoin is now down(5,973.6), but we can see new records in the days ahead.

That's why bitcoin is unpredictable, we never know what could happen tomorrow. This shows that bitcoin has become much more stronger to deal with the dips. We have never seen these type of quick recoveries in the past years because the the community wasn't so strong at that time as it is now. Well I expect more quick recoveries like this in future as the community is becoming more stronger and better than before.

Bitcoin is creating new records everyday . Today it touches 6085$. The next target is now 7000$. Looks like btc will easily reach to 10k$ within six months.

Agree, this whole year was a great time for bitcoin. More or less $3k dollars pump in general. Grateful that I have joined before it even started.  Forks even contributed to the increase in prices. One crash has a big bounce back. Also with the continuous promotion of its use there is no doubt that bitcoin can grow more than what we already have now.

And that will be increase soon yes it is a record and still recording the newest price of bitcoin the demand of bitcoin will be increase soo soon since the some trading exchange in china will be back their operation but not sure about this because i read the one of the biggest trading site where they will back at work.

Bitcoin again hit new record because today is already 6050 dollars plus and I think it will continue to increaae more in the future. This year 2017 the highest price or the history of bitcoin and I hope next year it will level up and bit again the new record and I hope the price will increase more so we can make more money. Buy more bitcoin with your extra money.

That was really quick! Bitcoin will set a new all time high in pricing due to China's return to the market. A crazy wild recovery followed by a promising new all time high. Hype is real!

Once China joined the market again it will be the opposite. Imagine how many coins Chinese
has that was not in the market for the past days when BTC hit this amount.

If China joined the market again expect for a drop on the price for $500-$1000 before the market recover.
Read on another thread that the news about China's lifting the ban is just a hearsay.

China's participation is not the major cause of the new record set by the bitcoins since I really think and can point out that the fork and the hype of BTG is the main cause on why we can see some nice price stretch happening by that time. But maybe the china's presence will occur on next following days since the bitcoins are now having a good rally.

In my experience this scenario is the highest bitcoin new record.  And i am very happy that bitcoin again surge now adays maybe it will surpass again in 6000k.  Lets just wait cause i know that everyone here in crypto world had a doubt also that the bitcoin big wave is not over. And There prediction is on this coming November it will rocketed again.  I think maybe theres possibility cause bitcoin now adays keep climbing.

I assure you sure it will continue to climb up,the value is already near to $ 6000 after that hard fork the bitcoin was recovered very quickly.This is happening due to more people are started to use bitcoins which makes it more demand.Ofcourse everyone will be happy mostly the investors this is what they expected to happen.

yes this is new record for now but we can see this again soon after the fork is finished and in that time, I think the price will be increase higher. we can see many times that the price is fast recovery to the high price before and I think this is good news for us and bitcoin will be more stronger than before. the price need to be back to $6000 again and then the price will climb up into another high price level and in the last two month, the price can increase so high.

Yes it seems that bitcoin price movements of $5000 and above is now a new record written throughout the history of bitcoin price. And I'm sure bitcoin price movements will continue to stay above $5000 until the end of this year and maybe for 2018 bitcoin price will be getting higher at $6000 upwards. Well.. but it's just my predicting only. ::)