Bitcoin Forum

Once again, and in less than 2 week the bitcoin price has achieved a new  high price and break  $7,500 range  on November 5 first time all-time, with out  add positive positive effect of new fork .

Demand In Japan and South Korea (the popularity of offline exchanges of Bithumb and Coinone ) exponential increase  .

So Why is the Market So Optimistic?

now rich Arab will join to bitcoin and may be price up to the moon

Source

https://cointelegraph.com/news/saudi-arabia-arrests-billionaire-prince-could-uncertainty-boost-bitcoin (https://cointelegraph.com/news/saudi-arabia-arrests-billionaire-prince-could-uncertainty-boost-bitcoin)

Well it's my contention that there's two things that have been driving up the price over the past few weeks.

1) The upcoming fork. For the past 2 forks, we've seen strong support of BTC right before because people want to hop on the train and get that extra forked coin as "free money."

2) Amazon just bought some crypto domains and it seems like tech companies are starting to come out with support for crypto.

That might be a great investment, but new a large price bump may also cause big sells that will just start a new drop like nothing happened there. But who knows eh...

It's nothing new anymore -- the market reaches a new all time high basically every few days now. I am of believe that we're past the stage where we can say that current market price is justifiable. At this point it's pure greed and speculation we see lift the market up, which likely will continue all the way till the moment the SegWit2x hard fork takes place. I think it will be a healthy move if the market corrects in a decent manner. It happened a while ago, and in this case we'll need a similar scenario to allow the market to take a deep breath. Don't forget that nothing in the world goes up in one straight line -- Bitcoin is definitely not an exception here....

I can' believe that bitcoin is getting more increases.. Well since this is because of the fork segwit2x that i think the reason why the price is getting more increases these days they just wanted to invest more and getting free coins and getting their investment make profit once the another fork done..
So expect that after the fork we will see huge drop of the price of bitcoin .. so just get ready for panic selling. this is just what i see after the fork but if people will decided to hold it for a long time well we are lucky that the price will continues to increase until next year.

That's totally a big gain for bitcoin and everything is happening really quick. Not only Japan and South Korea does have a big demand in exchanges, also with some unknown countries that aren't too popular. Optimism is because many are believing that bitcoin can go more and it's possible can go up to $10,000 soon and even more as others are giving their speculations up to the sky which has no limit.

I think the anticipation of Segwit2x what really droves the market to this new ATH. Just like what we see on Aug. 1 fork. And then there are new investors who don't wan to miss the making profits (FOMO).  I haven't checked the price in Zimbabwe and India which has premium price as well, way above the current market price of Asia and Western exchanges. Until we see the segwit2x actual implementation, I think we are going to see this bullish market run as fast as it can.

Segwit2x is definitely having an effect on the price, but i can't help but feel that there is some other reason that we are all missing, I guess all the new publicity also helps attract many new investors.

if Amazon news right and they support bitcoin price will increase with 1k$ every day

This is exactly what I'm expecting, but the price seems to be holding around $7400.  You
should remember that there aren't even 21 million coins on the market yet, and the satoshi block
isn't moving.  If there's an increase in demand, especially by people with deep pockets, that can
and will send the price sky high.  That's what we're seeing.  However many bitcoins there are
available for purchase, it really isn't that much, and I think some big money is starting to realize
how much of a profit can be made, and they're jumping in.  That's all good for us; it's horrible
for this forum, because every time we get to a new ATH, the scammers and spammers start
coming out of the cracks.  Asking for donations, loans, shady business schemes, etc.  Watch out
here.

That doesn't have to mean anything of importance. It could be them just looking to secure a few domains for their future ventures ~ people are definitely putting too much weight on these registered domains.

For some reason people are controlled by the thought of having Amazon come on board at some point in the future. It has been like that years ago, and it's still like that in today's time frame.

Fact is that we don't need Amazon to come on board to steer this market to newer highs or wider adoption. I am fairly sure that the speculative nature of Bitcoin is currently thriving this market, which isn't anything new.

The fork this month might be triggering people to either hodl on to their coins for a longer period of time, or to even buy more. We'll know for sure once this fork has been initiated, so we need a bit more patience now.

I think they are not the ones who bought those domains. I've seen someone posted on a group that he bought those amazon crypto domains so that when amazon is ready to kick in crypto, they will be having trouble of finding themselves suitable domain. And in return to that, he kept those domains to sell it to amazon for a higher price.

What ever goes up, eventually comes down.

And bitcoin is not immune to this in any way whatsoever.

The Arabic prince arrest?

I do not see a difference what he has do with bitcoin acceptance in that region and if it will have any affect of it increasing or not.

Well that's just a speculation and to be honest, kinda too early or delusional to assume that amazon will start to accept bitcoin by just bought many crypto domains, big chance they just want to reserve it by the significant increase of the bitcoin price. They just don't want to miss this train of profit and in my opinion if they want to accept bitcoin in their markteplace, they need to comply with so many regulation and KYC included and it's really complicated.

i am afraid by the time Amazon starts supporting bitcoin, the $1000 rise per day would be 1-5% rise which is going to be nothing.


the effects of forks is two different effects and most people miss the secondary effect.
- the first which everyone knows about is the rising effect that comes before the fork because some people prefer buying bitcoin in order to receive any possible new coin that may be created from bitcoin. that is increasing demand that can lead to rise before fork. but these people may sell after it which means the demand will go away and price goes down.
- the second one which people miss is all the others who stay away because of fork. they fear the fork so they don't invest before the fork and lower demand means price goes down. after the fork these will start buying bitcoin because the fork would be over by then and that is price rise.

the combination of these two at both times (before and after the fork) gives us the direction price will go. so far the first group buy more before fork (so rise happens) but not all of them dump and the second group comes in here (so the rise happens again after it too).

Well it's just always rumors so those people that are starting to think about it are doing the best that they can to get those domains earlier than amazon. Reserving it so if ever Amazon starts to announce their adoption of bitcoin it will be a big profit for whomever is that. But some says that Amazon can suit him for that move since Amazon is a legit trademark and is a real business.

I don't think these Amazon rumours have no basis. They keep popping up every now and then, but always come to nought. In the olden days, I would have thought people were trying to talk up the price. But that is no longer necessary. Bitcoin is doing pretty well by itself.

That is a very reliable speculation, but Bitcoin just got in that value I think yesterday and it just drop down again to $7300 mark value, but we can see that the price still will go up because of the impending Hard Fork on 16 and I think people would still go on buying bitcoin Because the mind set of people are now would be, if there are Fork there will be a free coins.

I don't see the price go up much more to be honest. We have seen a hell of a sprint at with the price around 7500 usd it's above many support points which means a great rally.
Question is now, where will the price settle.

There will be a hard fork. People think they can get two coins if they buy now. Similar things happened before Bitcoin Cash fork.

does anyone knows why bitcoin is going down? wasn't it supposed to go up before the fork? it is strange, i dont know why the market is reacting like this, maybe a lot of whales are trying to sell their coins and this is the main reason of why it has been dropping so fast, but nobody knows it exactly.
I would dump my coins if i have some right now, the price is expensive and this was a perfect opportunity to sell.
but yes, it is affecting the market by a lot of marketcapitalization, of course.

A lot of people know why the price went up and don't think it is sustainable and so now they are getting out, also there is still uncertainty around the fork which will actually be bad for the price of bitcoin.