Bitcoin Forum

Since the beginning of the year 2017 Bitcoin Break all rules and continuous increase but last months bitcoin rise more than 1,000$ like 100$

So Do you think bitcoin will Keep beak all economics rules and rises more than 1000$ or It has reached saturation limit ????

what rules do you mean? bitcoin is not bad and not breaking any rules, anyways i think bitcoin can still possibly reach 10000$ dollars according to my source but its not going to happen this year though it can still increse and reach its new all time high until this week. so i guess it is still a smart move to buy and hold bitcoins or trade your current coins if cant afford the current price now.

Anyone who claims to "know" is lying to you.

It's bitcoin m8 - it does what it wants.

I'm fairly sure that he isn't referring to actual rules, but more the standard analysis aspects that (for quite a while now) may or may not suggest that we are nearing the peak. It's pure madness if you think about the +600% increase we have experienced this year - no one could ever predict this to happen in such a short period of time. It's a big punch in the face of all skeptics that were constantly talking down on Bitcoin like it doesn't serve a purpose, is just a bubble, has no value, etc. It's the average joe that is buying into this market lately, and they don't seem to care about anything anymore, and just want to get on board at any cost. Best thing is that this is still just the beginning of what has to come -> adoption takes time to pick up further, so we can expect this growth to stretch out further for plenty of more years.

nothing to worry about and what will happen with our economy ? nothing will happen and what is economy rule,?
because if you do the math it's not really much comparing to our economy,
plus Bitcoin did not have any rule on it,
and $1000 change is not the first time and we encountered something like that before multiple times,
just enjoy what we're seeing right now and maximize it as our potential to get profit.
but remember do not overhype it because everything can be happen at any time just like before.
take it easy or just keep holding it for a greater life.

As As @imstillthebest asked:

what rules do you mean?


The increase is due to several factors, had bitcoin cash and people bought a lot to profit from that event, then had the china that closed the exchange and the price fell, then bitcoin recovered and without china to intimidate people if feel safer and with the bitcoin gold event, the price increase, we now have segwit2x which can generate more profits for people who have bitcoin, these hard forks has become a big business and also has CME Group Announces Launch of Bitcoin Futures (http://www.cmegroup.com/media-room/press-releases/2017/10/31/cme_group_announceslaunchofbitcoinfutures.html)

Now after segwit2x we will see what the price will be, so far the altcoins are in red, there is a bloodbath

A Minute’s Silence For Altcoins as Bitcoin Highs Slice Value Across Markets
 (https://cointelegraph.com/news/a-minutes-silence-for-altcoins-as-bitcoin-highs-slice-value-across-markets)

To rise on a pace of 1000s instead of 100s it would need one more digit, that is, it is possible after we reach 10k.

We will be reaching from 13 to 18 and back to 10 in a matter of hours.

yaaay it took bitcoin 72 freaking hours to rise 11% we should celebrate the biggest rise in history. [sarcasm off]

it can't be bitcoin cash, people sold it directly to bitcoin if they wanted  bitcoin and doing that doesn't increase price of bitcoin nor decrease it! it just increases how much bitcoin you own ;)

the rest i agree. i personally think it is a combination of CME news + SegWit2x possibly profit!

and it is also the fact that the bigger the price, the less resistance there is. for example back when price was $900-1000 nobody believed we can see anything above ATH, everyone thought it is $1200 and then back down to $200 like 2013. they even kept calling it same as MTGOX! but as it goes into uncharted waters, there is not much to stop it.

Truly meteoric rise but let’s try & stay calm. A period of stability in the market would now be good. 

Market is in roller coaster mode right now, people are getting crazy and just buying bitcoin with high expectation of free money after fork which is not completely true. When market will correct hard might be before or mostly after fork they might loss some heavy amount in terms of fiat.

Fork games are just making bitcoin market unstable, we are in fork bubble right now.

It's nothing strange to see such big price increase these days,and I guess that these differences will continue to increase with further price growth.We are wait for years to reach 1000$ and now price is go up for that amount in just few days.It will be really interesting to see what will happen in the next two weeks and can we survive upcoming hard fork without some big problems.BTC is like a fast train now,and only red light is hard fork-is this train stop completely or just slow down and them move on even faster to 10000$?

An insane rise that I expect that not a lot of people saw coming. I definitely thought that there would be some resistance at the 6500 area, but it seems like there really wasn't much holding back. If this trend continues, we could see a rise in price up to 8000 by the end of the year easily. It seems like there has also been a lot of support spreading across the internet, so we'll see if that keeps the momentum up.

This the result of those bitcoin lovers who is always support bitcoin and keep supporting it since here in my country some of businessman are start using bitcoin into their companies so they are now part of biggest digital currency and it will continuous increase when others see the result of that businessman since they not still believing in bitcoin hows if those country will unbanned bitcoin and start using too. This could be the greatest price will happens to bitcoin.

Actually price bump of this year starts from the month February to exactly. Everyone thinks that last year, halving will give the way the more adoption and many coins will be comes in the market place. As like that bitcoin value increase 500 percentage more than what we see in the last year. Many of them saying we will dump every time it breaks the rule and moving forward continuously without any big stops.

There are no economics rules which Bitcoin has breached. It is a simple question of supply and demand. Demand is exploding as more and more people become aware of the potential of Bitcoin.

Bitcoin doesn't have a saturation limit. Bitcoin will not beak all economics rules. Bitcoin is damn decentralized currency, for heaven sake when will people get to understand on how a crypto currency such as bitcoin works around the markets and the consumers? As of the price is of concern the markets are going through a bullish period and it has hit a all time record of 7000$. The price will be fluctuating till the fork of bitcoin2X and then we might see a crash.

If bitcoin will move up with such speed that the world may run out of dollars. Ridiculous of course but it is. What will America? It seems to me that they will declare war on bitcoin. In the beginning, they can flood the market with dollars that are worth nothing, and when their printing press will not cope with the volumes they will begin to lobby for a ban of bitcoin. Lol!

It doesn't have limit, have you heard or read about the description of bitcoin? it is deflationary so the limit you are saying is far to happen. The supply does have limit but when it comes to the pump it will be unstoppable. We just have to receive the fact that bitcoin is now popular and many countries are accepting it and opening their door to a new world technology with cryptocurrencies.

No need to worry about that, considering that the money printing has been going on for decades. Another thing is that the USD is just one of the various currencies that's being used to buy Bitcoin with -- YEN, KRW, CNY are the other giants in the game. On top of that, if you buy 1 BTC with $7000 right now, it doesn't mean that money will run out. It means that you just hand your fiat over to someone else, which in its turn will eventually use that fiat again to buy Bitcoin with -- fiat will keep circulating no matter what, constantly changing from 'owner'. That's how things go in an economy. ;)

We are probably stable now with $6,000 but I don't want to be confident with that as the word "volatility" isn't giving me a chill.

If $7,000 will remain for a week or two, it'll be giving me a lot of relaxation but still I want some more price for the upcoming Christmas.


What economic rules are you saying? Law of supply and demand?

No, it don't and it doesn't have.

It's not really breaking rules. New technologies often take a while to gain ground and then shoot up rapidly until mass adoption is reached. It seems like we're in the shooting phase now.

Thus it turns out that bitcoin encourages the use of Fiat? I am glad that the price is rising so high, but on the other hand, the government sees that the volume of bitcoin turnover acquires a large size and I think that now aktiviziruyutsya attempts to take taxes from users. This can significantly reduce our income.

I agree that we really need a good period of consolidation or we risk greater market instability.  I'm also a little concerned about the spike that broke $7k.  The pace at which it did that, and the mini-crash that followed, make that move feel like a blow-off event.  That could mean at least a short-term pullback or worse.

if bitcoin can indeed gain a bit of stability on the lead to the 2x fork we may not see a big dump after it.
it did indeed rise very quickly over 7000$, but i think there may be a bit of turmoil as we edge closer to the date

It's just ridiculous that people here just like you really hate the taxes while infact, the country main income is from taxes and they use it to develop the facilities. Well, maybe you just live in cave without using the facilities provided by government and just reject your citizenship so you all free from taxes and your "little part" of earning will not reduced.
However, talking about the economy rules breaking, well, bitcoin didn't break any. It's just natural price pumps when the mass adoption coming.

As of now the price of bitcoin is already 7000 dollars and i hope it will continue to increase so we can make more profit in the future. Im very shocked because from 6k dollars it will increase fast at 7k dollars and thats very amazing and I hope it will increase the price more. I hope more investor will invest to bitcoin even they have fork this month. More bitcoin more profit to come.

Watch the price, this might be the top for this bitcoin rally.  If BTC goes up again to 7200 then I'll buy again or else this is the start of the crash.  Bitcoin is in decision mode. And I believe the top would create a very huge crash. 

I do not think that bitcoin had reached its saturation limit.  If you see the current people that were reached by Bitcoin and using it,  it is still to small.  Bitcoin is just on the 2nd phase of its adoption as they look at it.  There is still a huge room for Bitcoin to increase in price.  Remember there are only few country that accept and acknowledge Bitcoin while others banned it.  So I guess this is just the beginning of  exponential growth of Bitcoin.

Highly agreed.. Bitcoin has no rules or patterns,, it is an investments with no predictable position.. It goes beyond what the majority of investors does.. Cryptocurrency as a whole is a speculative market that can be pumped and dumped depends on the situation on its environment,, the users,, the investors and the miners emotional and mental state..

Totally agree. No one has really been able to predict bitcoin as far pricing goes. Such claims of people saying they "know" is a bit vague and fishy. Bitcoin to the moon.

Are you pointing that "mini-crash" that when we reached $7,000 it was followed but a short decrease? I wasn't able to monitor that but I also people did bought on that phase.

We still have to be focused and monitor the price from time to time but for those people that doesn't any plan of selling or making themselves a day trader this isn't mandatory for them.

It is./?

I was shocked that when I opened the coinbase wallet and the price had reached over $ 7300, I regret for selling 1.75 btc a week ago, if I sell now then I get a difference of over $ 2000.

Its not breaking any kind of rule. It never had any rule and never followed the traditional economic/market laws. We might see some crash coming soon due to the upcoming segwit2x fork. People who understands how the fork is going to work will be investing now to get bitcoin2x but others will panic and sell.
If no issues/barriers come, we can expect the price to go higher than $8000 USD within the end of the year.

I think this is not a surprise, considering bitcoin is a highly volatile investment,  and it happened within 72 hours, if you take a lool at it, its jut normal when you comparr it to the stock market during a bull run, you just don't see it because there is market opening and closing, well as for bitcoin, there is none. The bull run of bitcoin only shows that  more and more people are gaining trust on bitcoin. if we see bitcoin breaking 7600 usd this month, we might see bitcoin's value ending this year around 8700 to 9000 usd.

I think the price of bitcoin will go dump soon because there's a upcoming fork again where people always do panic selling that cause price to crash. and that's a good timing to buy coins since the price right now is around $7300.

There was no real dump after the Bitcoin Gold fork, and the one during the Bitcoin Cash fork wasn't too big either and immediately corrected. I'm really not so sure if Bitcoin will dump if altcoins don't release something very exciting soon.

I there is a big dump after the bitcoin gold fork but since they also announce bitcoin segwit x2 or what ever they named it. I think the price was continues to increase because of another fork will happen this coming november 16.
The price is getting increase too high just to get the benefits of getting free coins. those people who are invest i think they already sold their bitcoin gold from the market and invest it to bitcoin that is why the price is keep increase..
Since its attractable by other people expect that more people will invest to push the price more high..

You should keep in mind that Bitcoin has been in the mainstream news at least on a weekly, if not on a daily, basis lately.
And there are numerous both smart and just simply famous people who have predicted very large prices. That is bound to attract a lot of people who will want to try their luck with Bitcoin, thus driving up the demand of a very scarce coin.
I don't think it's just the forks, even though they surely play a role in the rise too.

But it's not clear that the current price rise is "too high" at all.