Should bitcoin reach more than $ 1500 and what will it impact on the market?

[stevano]

I think if bitcoin can penetrate more than 1500 $ will bring a positive impact for its users that is increasing their income, but whether there is a positive impact for the market like altcoin price will there be a drastic change whether it up or down?

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[AUDREY23]

Usually if bitcoin price rises then altcoin price in the market will decrease, that is biasnya I see when I am trading, sometimes have a significant impact on price, but can also just as if there is no price movement

[darthmaul]

That really doesn't matter for altcoins. Those are just extra added commodities for trading platform. Bitcoin will grow for itself. Altcoins prices will get majorly affected when people drive towards altcoins investment. Currently bitcoin is taking the leap so it is people's choice and instead of altcoins bitcoin are being invested in the market. Also, due to this altcoins either doesn't change or stays on hold until people buy some. 

[fitty]

I think if bitcoin can penetrate more than 1500 $ will bring a positive impact for its users that is increasing their income, but whether there is a positive impact for the market like altcoin price will there be a drastic change whether it up or down?

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It is not impossible for Bitcoin to penetrate $1500. In fact, the price now is $1420 and still climbing and based on my own analysis. It can even reach $1450 . As you can see, it mainly affects the price of the Altcoins. When Bitcoin's price increases, Altcoins price decreases. And vice versa. As you can see in the https://coinmarketcap.com/ ; the price of the Altcoins are marked red meaning its price decreases. And it is because of the stiff pump of Bitcoins Price. If this continues, this may be the right time to stack alt coins as its price may dump more. And wait 'till its price pumps again then sell.

[Armstand]

I think if bitcoin can penetrate more than 1500 $ will bring a positive impact for its users that is increasing their income, but whether there is a positive impact for the market like altcoin price will there be a drastic change whether it up or down?

Let's share here

It is not impossible for Bitcoin to penetrate $1500. In fact, the price now is $1420 and still climbing and based on my own analysis. It can even reach $1450 . As you can see, it mainly affects the price of the Altcoins. When Bitcoin's price increases, Altcoins price decreases. And vice versa. As you can see in the https://coinmarketcap.com/ ; the price of the Altcoins are marked red meaning its price decreases. And it is because of the stiff pump of Bitcoins Price. If this continues, this may be the right time to stack alt coins as its price may dump more. And wait 'till its price pumps again then sell.

In fact, They already break 1500USD price wall FYI. And most of the alt coins are dumping. This price inflation of bitcoin really affects the price of the altcoin. On liqui exchange. Most of the altcoin listed there has marked red on growth. I think altcoin is not advisable ATM to trade. I will just wait for the BTC inflation to reach the cap then i will bag some cheap alts out there. 

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for its users that is increasing their income

For have any "income" someone need to sell BTC for $, if no - there is no "income".

[MingLee]

The thing is this just doesn't make any sense. There is functionally no reason for Bitcoin to be pushed and pumped this high, yet it keeps going up and up and up with zero checks whatsoever. There have been no corrections and it's just a constant trend upwards, and that's screaming bubble for me.
I just want someone to explain the why. The only big event has been the closing of Bitfinex's fiat accounts, which inflated the value initially and now it just keeps going, presumably due to bad information from price aggregation sites.
There is nothing to get people involved in Bitcoin this much beyond speculation right now. What the hell is pumping it?

[AndySt]

A positive impact will in any case, another issue is that this positivity can be delayed in time.

[davis196]

I think if bitcoin can penetrate more than 1500 $ will bring a positive impact for its users that is increasing their income, but whether there is a positive impact for the market like altcoin price will there be a drastic change whether it up or down?

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I quess the btc price increases because cryptocurrency users buy more bitcoins and sell their altcoins.
I don`t believe that there are more noobs who buy bitcoin for the first time using fiat.
The number of btc holders increases which reduces the btc supply,which makes the price go up.

[strategics]

I believe it all depends on the psychic perspective of the altcoin investor. If they are in it to increase their bitcoin holdings (which most of us are) most of them will dump it before a bitcoin rally/mooning.

Then on the other hand, some believe in the further perspective of alts and hodl them for those very same reasons. These user maybe are more concerned with fiat valuation of their coins rather than its value against bitcoin. They generally maintain a support price irrespective of where Bitcoins heading.

I find it really hard for some alts to grow beyond their potential as most traders will forever keep dumping their Alts for more bitcoin, reburying those same alts at a cheap price only to again sell it for more bitcoin.

Bitcoin may face one of these same issues (the potential of a $1MM/BTC dream) in the future, where governments and banks dump huge volume of bitcoins for more fiat only to re buy cheap bitcoin and further dump it again for more fiat.

They raped the true potential of gold and in time they'll attempt to dig their dirty fingers in our economy.

[severaldetails]

I think this high amounts are a consequence of the success bitcoin had the past two years.
Now many people want to participate and they are putting their money into altcoins, because they are expecting a similar developement from them.
And with the altcoins, bitcoin rises as well.
Whether this is a sustainable process or just a bubble, only time will tell.

[pooya87]

I think if bitcoin can penetrate more than 1500 $ will bring a positive impact for its users that is increasing their income, but whether there is a positive impact for the market like altcoin price will there be a drastic change whether it up or down?

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income =/= profit
if you already have bitcoin you can make profit with price rise. income however will go down since you are still doing the same job and you should get paid the same amount as before (although in bitcoin this can be the same amount of bitcoin and stay the same income).

and as for the impact on the market, the rise is good but a fast rise when entering bubble territory is not such a good thing and will actually have negative effect when price swings around a lot an always big.

[PetroffVany]

I think if bitcoin can penetrate more than 1500 $ will bring a positive impact for its users that is increasing their income, but whether there is a positive impact for the market like altcoin price will there be a drastic change whether it up or down?

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For users it will be great, because they will get more profit from their investments. But altcoin can fall.

[AK47-]

Altcoin and bitcoin are inversely related. When bitcoin price goes up altcoin deprecates and vice versa. If bitcoin prices increase. More people will withdraw their money from altcoin and invest in bitcoin. Thus the value of bitcoin will increase further whereas altcoin deprecates. I am glad that right now bitcoin prices are all time high and there is a bright future ahead.

[Omegasun]

I think if bitcoin can penetrate more than 1500 $ will bring a positive impact for its users that is increasing their income, but whether there is a positive impact for the market like altcoin price will there be a drastic change whether it up or down?

Let's share here

It is not impossible for Bitcoin to penetrate $1500. In fact, the price now is $1420 and still climbing and based on my own analysis. It can even reach $1450 . As you can see, it mainly affects the price of the Altcoins. When Bitcoin's price increases, Altcoins price decreases. And vice versa. As you can see in the https://coinmarketcap.com/ ; the price of the Altcoins are marked red meaning its price decreases. And it is because of the stiff pump of Bitcoins Price. If this continues, this may be the right time to stack alt coins as its price may dump more. And wait 'till its price pumps again then sell.

In fact, They already break 1500USD price wall FYI. And most of the alt coins are dumping. This price inflation of bitcoin really affects the price of the altcoin. On liqui exchange. Most of the altcoin listed there has marked red on growth. I think altcoin is not advisable ATM to trade. I will just wait for the BTC inflation to reach the cap then i will bag some cheap alts out there. 

Bitcoin current price on TREX are 1400+USD per bitcoin, What exchange are you using with that price rate? I'm very interested to know that so that I can exchange my BTC. Joke. Maybe you just overlook the price or you are just mislead by hype post here in the forum.

[italianMiner72]

for its users that is increasing their income

For have any "income" someone need to sell BTC for $, if no - there is no "income".

i not agree whit this.
you can already buy a lots of services with bitcoin...
and if bitcoin value rise, you will be able the same service with less bitcoin...
doing this, you already done a gain!

[DrGuns4Hands]

expect a huge crash coming down when bitcoin keeps increasing it's price. remember if bitcoin price goes more up that will be the reason for the user to exchange and sell their bitcoin and when there's a lot of people selling their bitcoin that will be the reason of the crash down of the price of bitcoin . more likely bitcoin price goes up because of the investors in bitcoin.

[craked5]

expect a huge crash coming down when bitcoin keeps increasing it's price. remember if bitcoin price goes more up that will be the reason for the user to exchange and sell their bitcoin and when there's a lot of people selling their bitcoin that will be the reason of the crash down of the price of bitcoin . more likely bitcoin price goes up because of the investors in bitcoin.

People keep saying it's going to crash since the begining of the up momentum...

Well at a moment or another you'll be right, if you keep saying the same things for years it will happen eventually xD

[KenR]

I think if bitcoin can penetrate more than 1500 $ will bring a positive impact for its users that is increasing their income, but whether there is a positive impact for the market like altcoin price will there be a drastic change whether it up or down?

Bitcoin prices doesn't really impact altcoin prices.Yes,if you're trading altcoins for bitcoins the it reduces the altcoin's value.Bitcoin has always been impacting users positively.positively. Eth prices are hiking recently and that has nothing to do with bitcoins.It's just the number of trade volumes in the exchanges.

[mkmdoc]

A positive impact will in any case, another issue is that this positivity can be delayed in time.

Exactly still there is a negative shade on bitcoin once it touches 1500$ then automatically we can see more positive approach from the people.
Once the price of bitcoin is increasing many people started holding bitcoin, bitcoin is becoming a global pioneer in the coming days with government authorization.