72 Hour from 6,300 to 7,048

[BCEmporium]

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 ?

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.

[Proton2233]

If bitcoin will move up with such speed that the world may run out of dollars.

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.

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.

[CoinsCoinsEverywhere]

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

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.

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.

[cynical]

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

[CuriousGeorge]

If bitcoin will move up with such speed that the world may run out of dollars.

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.

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.

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.

[Question123]

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.

[layoutph]

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. 

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 ?

[serjent05]

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 ?

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.

[Kingofbitcoin12345]

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

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

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..

[Izarok]

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

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

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.

[sunsilk]

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

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.

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.

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.

Bitcoin to the moon.

It is./?

[Joshapat]

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.

[adzino]

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 ?

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.

[ivrynx]

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.

[DrGuns4Hands]

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.

[BCEmporium]

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.

[Skarner21]

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..

[BCEmporium]

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.