Bitcoin Forum

Bitcoin surged to more than $8,000 late on Monday, its highest level since July last year, as the cryptocurrency's rally gained further momentum. There is no real fundamental explanation as to why bitcoin, the original cryptocurrency, hit a 10-month high on Monday.

But there is an ongoing blockchain and cryptocurrency conference in New York called Consensus, with big investors and influential market players gathered to network and discuss the current state of the industry. Bitcoin had also rallied during previous Consensus conferences.

Bitcoin was last up nearly 17 percent at $8,131 on the Bitstamp exchange, the largest daily percentage jump since early April. It hit a high of $8,167.50, a roughly 10-month peak.

Source: https://news.abs-cbn.com/business/05/14/19/bitcoin-tops-8000-as-it-hits-highest-since-july-2018

Bitcoin news is everywhere. This piece is picked by my country's foremost news portal and this is telling us that right now even mainstream media is taking notice of the ongoing upsurge of its price. Pundits are now analyzing why it is having a bull run and they are coming up with so many reasons.

As one of the growing holders, enthusiasts and supporters, I care less the reasons as the most important thing is that the Bitcoin winter is now out and we are moving up again. Now, I am wondering if it can be possible that $10,000 be broken within this month...

It's not only the Consensus. There are a lot of great news, from many known names accepting Bitcoin as payment, to Bakkt coming to life for real.


This is good, but it could trigger a new FOMO bubble...


8000$ is already great. Wanting 10000$ within this month sounds greedy...
As a Bitcoin supporter I enjoy seeing the new wave of acceptance and of course the recovery of the price too. But while I am happy to see it grows, the growing rate is too big for my liking.

Its always better to see a slow and steady recovery.  It doesn't make sense to double or triple in value in two months.  Of course as a long term holder I won't complain when the price jumps up, but activity like that makes BTC appear more a "short term" trend.  I want it to be something I can leave to my heirs and to enjoy later in my life.  I cashed out a few but I am still holding for the long run.

I do not think the consensus conference held recently has a major influence on the current price of Bitcoin. Before the break out, some organizations gradually starting using Bitcoin for payment even music artistes too. For the first time since i've been following twitter trends, i've never seen bitcoin trend until today. It appears this adoption we are preaching about is getting closer. It might be too much to ask if we expect it to hit $10,000 this month. Considering the fact that we've watched it struggle over the past months, only a miracle can make that happen within this short period. I like the gradual pump  :) . My only wish is for Bitcoin to carry its relatives alongside (altcoins)  :D :D

We do prefer on that way but movements cant really be predicted either it would do the same movement just like what happened on 2017 bull run where everything is on fast paced increase.Its good to see that BTC do able to recover after the long bear market which lasted a year and some months and reaching out the levels since from back then.As a believer same as yours i would really prefer to see on gradual phase of increase rather than seeing these numbers move too fast.

and this is very good because if there was any reason and that was achieved then a few days later we would see a big dump. now the price is increasing gradually and without the so-called good news, which is very good


I doubt that this has any influence on the price


in the past could have some influence on the price, but today things are very different ... People no longer care about good or bad news


Binance reached $8300

That's incredible it took almost one year for it to take its previous position again

I find it rather ironic that people have been begging for a bull run all year, and now the price is going up fast they suddenly prefer to see a gradual increase. Not saying you're one of them, but a lot people are like that.

I have noticed the same with crypto related youtubers like sunny decree. This dude talks about how bullish and strong the market is, and when we have gone up he's like the price can go tomorrow bla bla.

There is no shortage of people that are here just to speculate their way up, and I'm afraid that things will go downhill even harder with how bull runs generally attract moms and pops and other gamblers not knowing how markets work.

Perhaps those people have seen the worst. They don't want a artificial increase like we've witnessed in December 2017. And maybe they've became smart, learn the lessons from the last bubble and been calling for a slow and steady growth.


It's cyclical, newbies in 2017 becoming intelligent and smarter in 2019, but then we will have a new set of noobs coming along this bullish market and seeing $$$ and invest without doing their investigation on how the market really operates.

Exactly, for those people who have witnessed that 2017 event will surely have this kind of thing in mind.They do have the experience on how the price dumped hardly after reaching out on new peaks.
Seeing the same movement will give you the possible same impressions.
This is true where there would always a noob that would just be simply dragged up with the hype specially when we do talk about money making.These people would only realize when its too late.

I think this pump up in price is due to the good news for bitcoin in general compared to all the bad news in the market due to hacks or exchanges losing their customers funds. As it seems bitcoin is becoming immune to the bad press which is a very good sign for a currency to stay stable in the future.
Stay stong crypto!