Bitcoin Forum

Investors dropping altcoins for Bitcoin before hardfork on 25th. How high can it go before the hard fork happens? My bet is $7500!

(source: https://coincodex.com/crypto/bitcoin/)

https://i.imgur.com/878iLEL.png (https://coincodex.com/crypto/bitcoin/)

I think BTC is growing because of the upcoming fork, but after that it may be corrected a bit and the value of BTC may decrease a bit in my oppinion!
This is a good opportunity also to promote BTC, and show that BTC is a currency that will have a future in the worlds financial system! 
For your question, I bet it can get closer to $6300.

The coming fork is obvious reason of Bitcoin's growth. Maybe on some Asian exchangers it really reached 6000$ point but on this one which I use the price stays under 6000$. I also suppose that during those last days before the fork the price will add 300-500$ and after the fork will come some correcting that may dump the price to 5000$ back.

I hope it!  ;D

But I think that BTC will grow up untill 6200$.
After fork it will return around 5700$, but other currencies will be grow up (especially ETH).

Bitcoin is now surging and maybe it would continue on its way up partly because the demand is moving up as more and more people are buying Bitcoin in anticipation of the hard fork this coming October 25. After that, many analysts are predicting some slow down especially that we are about to enter the holiday season.

I am more optimistic for next year and I am hoping that we can finally be going into the $10,000 territory as soon as possible. Of course, this is just a projection as we don't have the power to make it so but the market. Whatever can be the final figures, one thing is certain: Bitcoin is here to stay and those who are fighting against it should better do some reconsideration as we have the space for them in the cryptocurrency train going to the moon!

4500

I totally agree with you because since the fork of on the 25th is likely certain, because of the notification I got on that from Yobit, everybody wants to get a larger portion of the bonus coming while the people who are holding didn't want to lose out. This then put pressure on the ones in the market by then forcing the price up but after the fork and things normalises we might indeed see a correction but that might not last long considering another upcoming fork on its way in November.

investors are indeed dumping their altcoin bags for bitcoin but that doesn't affect bitcoin price one bit! you see when you sell an altcoin you directly receive bitcoin the BTC/USD pair does not even come in the middle of this! you simply sell in ALT/BTC pair....

how high? it is really impossible to tell. i didn't even expect anything above $5500 to hold!

I do agree that the recent rise has been happened just because of the upcoming fork this month, but I do not agree that it was a healthy rise.

As you can see the volume at most of the exchanges is still lower then usual, which means that it is hard to rely on the rise, I do think that bitcoin price will keep rising as we are getting closer to the fork time./

I bet it would reach 6500$, the rate of increase is growing everyday. The upcoming fork results to pumping and a great increase in the price of bitcoin. This is a great milestone again for bitcoin.

In my opinion before the hard fork happened it's really hard for Bitcoin price to get over 6k. As all you can see that today Bitcoin is about 6k$ but right after that it downed to under 6k$. I think it'll be the same with the hard fork on 1st August Bitcoin price will be stable before the hard fork but when the hard fork is over Bitcoin price will increase like crazy so I think after the hard fork Bitcoin can reach to at least 8k$ but the highest peak before the hard fork I think only 6k$ or less

I think the price hike was due to Yobit announcement that they are ready to for Bitcoin Gold and balances will be added to 24-26 of October.

https://twitter.com/yobitexchange/status/918566256151859200?lang=en

It made investors buy or moved their bitcoins to Yobit in anticipation of free money. Maybe we can go $7000 as we get closer to Oct. 25. Though its really hard to say when this massive run will end. But once thing's for sure. For most of us who just woke up and seeing this news, it will really make our day. I'm really seeing close to $7000 before the actual scheduled fork on the 25th of this month.

should hover around 6k then dip/correct back to around 5k

The Bitcoin's price is so volatile these recents days like it was for the previous fork in July. You can go to sleep and the next day the value lose 10-15%. The weekend is starting and usually, the price falls a little during those days. It may fail a lot since we are in a fork period. Still 4-5 days left, after this, I am sure we will see a correction and a nice one.

Yobit is too small and too shady for anyone to pay any attention to. and i seriously doubt that they can cause anything in the big market of bitcoin and lead to a rise!!!

with that sadi, looking at the link the timestampt of the Tweet says 12 Oct 2017 which is about 8 days ago. and checking the charts it seems like price started rising exactly when this tweet was released on 12 Oct.!

#weird

Well what could you do they want free coins and free money.
Not all of us have the same view as them so I guess it will be controlled by that.
I would rather take the profit from the increase in bitcoin price than sacrifice all of it in the coming fork.

i think Bitcoin Price Likely will down to 5500 after 25th octobere one or two week and after that have the possibility  to go to the moon maybe 6500 or 7000 usd in november  .

Definitely,people starting to buy more bitcoins to get some free coins during hard fork is also a reason for bitcoin's price rise.Just,this pump in the price may continue until october 25th.People have nowadays started to await for frequent bitcoin hard forks expecting some free air drops.Now,its price is $6,108.It would not be a surprise if its price crosses $6,500 in the next three days.

Altcoins may face a drop in price due to such activities of people dropping altcoins for some free air drops in bitcoin.But the situation would be entirely different when segwit 2x activation takes place in the very next month.

Really surprised to see bitcoin hit 6k mark, i think it's bit too fast. Well, lets see if 6k mark can hold few more weeks, which i have doubt.

On the 25-th October the price of one bitcoin will be  between 6100 and 6250. This is good news, it is probable to go up until 9000. Let us say that this is possible in December, if it continues as this, the price next year could be 12000-15000. It is also possible that a new appreciation of the bitcoin price happens in 2019. I would not be surprised to have a 50000-100000 bitcoin in 2020.    

According to what I am reading today, the most recent move upward in BTC toward $6000 is actually coming from Zimbabwe, where another economic crisis is driving more people into bitcoin in an attempt to escape a devaluing local currency:

https://www.cryptocoinsnews.com/bitcoin-trading-at-nearly-10000-in-zimbabwe-due-to-a-lack-of-cash-in-the-country/ (https://www.cryptocoinsnews.com/bitcoin-trading-at-nearly-10000-in-zimbabwe-due-to-a-lack-of-cash-in-the-country/)

http://www.zerohedge.com/news/2017-10-20/zimbabwe-panic-sends-bitcoin-soaring-over-6000-now-bigger-goldman-sachs (http://www.zerohedge.com/news/2017-10-20/zimbabwe-panic-sends-bitcoin-soaring-over-6000-now-bigger-goldman-sachs)

I think people assuming this is simple due the upcoming fork haven't understood the fact that Ledger X, in other words, a massive amount of Wall Street Money, is around the corner.

I may be wrong, but I think the Bitcoin Gold fork is pretty much irrelevant to the fork. Bitcoin Gold may not even have a functional blockchain because most miners will not mine it so it will be slow to process blocks.

We are at ATH because Ledger X is around the corner and Segwit2x is losing the battle = bullish.

I think not so far,not over 6200k but i dont know whay is important 25th?if you want to buy,do that he grows every day.

It will rise these all are the last minute investors they just want bitcoin regardless of the price , I'm see more buy orders on major exchanges but again this might just be a small peak and by tomorrow it can fall back to 5600$. I was able to sell my coins at 6000$ waiting for it drop so i can rebuy

Nah, I think we've hit our max. We only have 5 days to go before the fork. A few days before that we'll see the buying stop. We're nearly within the window of 3-4 day settlement of transactions from exchanges.

True indeed ,alts are going down really bad, and bitcoin Hallelujah. Way more to go bitcoin.
Whoops,7.5k is alot bruh seriously.. People will just find ways to be rich. I say bitcoin will go up to like what 6500$ tops? Maybe a bit more and then fork happens and you gonna see the markets crash ,you gonna see some panic sell happening,you know what imma saying.Yeah ,you gonna see a lotta action take place in the crypto markets. And get your shit together for this and let the things happen. Imma so damn hyped for this..

Well, let's see how things goes, maybe when the time for the fork approaches, the price of bitcoin will drop and some days after the fork, then the price will go up steadily.
For now let's watch the market chart.

Bitcoin price after the fork has a big possibilty to go down. People are only buying bitcoin just to have some of bitcoin gold and after that the rally will stop ,selling starts which may result to a dump.  The same of what happened when bitcoin cash is born.

Yeah $7500 is quite reasonable, there are still four weeks left to the 25th and I think the bitcoin price can still rise above $7000 by the 25th. I still hold the bitcoin and I'm not affected to sell it now.

I think bitcoin will hit 7,000 before or and after hardwork, this is the prediction of our beloved traders who are studying the movement of the price/

Bitcoin can briefly touch $7,000 in the next weeks, but as always reaching a new ATH is usually followed by some short period of correction so when you combine it with uncertainty of the fork it will result in some slowing down of the price rise. But the price also shouldn't drop too much before the fork, since many traders see it as an opportunity to get free coins, so we shouldn't drop below $5,000 before the fork will happen. But Bitcoin has proven to be quite volatile so going above $7,000 or below $5,000 is also possible.

My bet is it will stay around $6000 and may even dip back to mid $5000.

Touching $7000 is possible, but that might be hard enough. Till 25th $6500 is fairly possible as per current movements and might not dip badly just before fork. But again the current rise also constitutes entry of new users who might panic and sell off.
If the price reaches $7000, correction or fall below $5000 is unlikely but you never know, its Bitcoin and famous for volatility.

this price came from Pump so that i think it may be down fast

I had waited for this value to reach.So after this the price of bitcoin will reach the value of 7500$.Actually the 6000$ is the expected value.I think this will reach two days back itself.But it was little bit slow.If the increment will continue means,who know the price will reach the value of 8000$ .That much power bitcoin has.

I get why people somewhat relate the latest increase to the fork that is going to happen, but why can't this be just legitimate demand causing the price to reach newer highs?

It might very well be the second part of the previous bull run that was stopped due to people taking profits, China once again being the familiar obstacle, and JPMorgan fud ~ or it could even be a combination of both.

If this really turns out to be largely related to the fork of this month, which I doubt, then the price should correct accordingly at the moment the split has become reality ~ less than a week to go before we find out.

As i can see right now  there are lots more people are buying bitcoins compare to selling but there are still lots of traders are satisfied what the price reach today but i think it will end soon so it can continue to increase more soon..  

Fork is not the only reason i think they are also wanted to get more free bitcoin gold after the fork that is why there are lots of people right now are buying bitcoins.

Remember what happen to Bitcoin cash.
And i don't think this news also the reason why the price increases https://www.cnbc.com/2017/10/20/bitcoin-price-is-heading-to-10000-cnbc-survey-says.html

Just got this news in the past few hours since cnbc has lots of viewers and could be also a sign that the price of bitcoin can be increase or crash just like what happen in china Ico ban. .

Bitcoin did break a new record, even without China, we can now clearly see another bullish move and it is closing to October 25, I think it might reach around 6500 to 7000 USD, but we cannot be sure if it will reach 7000 USD in just a few days, though it had breached 6000 USD mark, Bitcoin still needs to creep above 6000 USD and stay stay above it. Though the fork is nearing, there are still factors that will affect the price of Bitcoin, there are still a lot of people who wants to gain profit immediately, we might see a slight drop of the price before the fork, and there will be more volatility that time, the price might be higher than 6500, that is why it is safe to stay within 6500-7000 USD range. We should also consider the fact that a lot of people are new investors to Bitcoin at this time, once they see the price of bitcoin rises, they will do profit taking, making Bitcoin more volatile, in other words, we should not relax during this time, since the fork is coming, there will always be people who create false news and will try create panic among us, since they know, that a lot of investors are new to investing and will stumble whenever they hear negative news. Let's all hope that this time, there are fewer weak hands than before.

https://bitcoinwisdom.com is listing btc at over $54 trillion EUR on kraken right now.

how long before the other markets catch up? i think i'll buy all the lambos.

It will only go 6,500 usd to 6,800 usd. That would be the only price I am speculating. And I think it will bump after the fork. Am I right? It might go back to 4,500 usd to 5000 usd for stabilization.

Maybe it will able to reach 6500$ at 25. It is possible since the price of Bitcoin is continuously rising. By the end of this year , it is expected to reach 7000$ or more if the fork in Nivember will succeed just the recent one. It won't increase as much since the fork is approaching maybe after the fork it will.

for now, all bitcoin users wait until bitcoin prices reach $ 6500. well, it has a high probability of happening this year. in fact, there is still a great chance that bitcoin prices will reach $ 7,000 by the end of the year

I think we ll see 10k usd at the end of the year.

Not 7500USD...it is possible but i will not go that far...i will say between 6500-6800USD

I checked the chart yesterday and found 2 known price tendency. When bitcoin first breaked first resistance and continued uptrend the same tendency now shows itself.First traget will be 6250$ later go back 5000$ and again up to 7000$. In summary future is bright:All the way up!

How far it will go until the 25th, which obviously I think it will last not far from $6000 I guess. And even maybe it seems like there is a chance it will reach $7000 soon.

I think it will break $ 7000 before hardfork, I see the movement in the market only a few hours increased by more than 3% so up to 25 October can be up to 10-15% I think. bitcoin exceeded my expectations when hardfork will happen so this proves that future bitcoin value will exceed $ 10k

Currently all schemes have pointed to Bitcoin in order to achieve a much higher value than now . but I was quite concerned with what has happened in the past, when the first 1 to 2 days before the fork then decline bitcoin prices are quite high. I will probably make a decision before the 24th of this month. I was quite worried but was delighted to see that the current bitcoin price has reached  6,000$. this has proven that Bitcoin has been increasingly in demand and we are also beginning to talk about how to make Bitcoin have a much higher Value. probably above 7,500 $ or even up to  10,000$ . But the decision before this fork will determine what we will get later, Sell it before fork with a value of 6,000$ or sell it later with a chance of a decline and could also take the opportunity to get a much higher selling value.

It could go as high as that, we only have a few days left but as high as it might go it will drop a significant amount also, will that be 1 day after or a week? who knows.

Bitcoin Gold is irrelevant. It's premined, so it's dead on arrival. Also, people aren't going to access to the coins until well past 25th, it will be around segwit2xcoin fork, so people will most likely move their cold storage once and kill 2 birds with 1 stone and access both BTG and S2X. Stop thinking 25th october matters. It may dip due so many idiots thinking it matters, but I dont see a major crash.

Can the date vary? It seems to me that it has already been determined that the split will take place on October 25. I think that on that day the price of bullion will fluctuate very much. But we need to be patient

I think right before the fork it will be about $6500 maybe even $7000

Yes bro.But the thread for 25 th of October only.I think the price of bitcoin will 7000$ + at that time.Now the price of bitcoin crossed the value of 6050$.Many are thought whether it will reach 5000 $.Now the value fo bitcoin crossed the value of 6000$.Like this many peak was achieved by the bitcoin for every month in this year.I think many long term user like me know the past price of the bitcoin is 500$.Now it reached 12 times of the past price.that much power bitcoin has.

But i think that there is  psychological barrier at that point, and therefore i do not think that it will any more from that point tell 25th Oct. Although the price will fluctuate about 200$ above or below 60-00$ but still there are more chance and the bitcoin price increase too much after 25th oct, Therefore i thin that after 25th November the price of bitcoin will continue increasing.