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Author Topic: [2017-05-04]Bitcoin Price Has Set a New Record  (Read 11953 times)
Vialaia
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May 04, 2017, 05:17:13 AM
 #1


On the night of Thursday, May 4, the weighted average bitcoin rate according to Coinmarketcap was close to the mark in $1500, amounting to $ 1493. Thus, only since the beginning of May the Bitcoin price has grown by more than 10%.

Simultaneously, new price records fixed at the leading cryptocurrency exchanges. So, on Bitstamp the rate reached $ 1516, on Kraken - up to $ 1523, on Coinbase - $ 1524.

At the same time, the first cryptocurrency could be bought at $ 1409 at BTC-e. Poloniex and Bitfinex rate is still considerably higher than on other platforms: $1628 $1627 respectively.

The market capitalization at the time of publication is $24,5 billion, according to coincap.io.
Also note that the Bitcoin dominance index, which had fallen to 59% before, rose again and now is 62%...

Read more https://bit.news/eng/bitcoin-price-set-new-record/
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May 04, 2017, 07:13:08 AM
 #2

Where's the party tonight?

Every price movement is directly related to news.
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May 04, 2017, 10:10:27 AM
 #3

Where's the party tonight?

No party until people cash out. Cheesy

It's amazing looking at the price that's going up like crazy. I however get a less satisfying feeling if I think about what's going to happen when things cool down. It might very well be that this increase is related to the ETF review on May the 15th. If this increase is indeed releted to the review by the SEC, and the ETF doesn't come through (which is exactly what I think the outcome will be), then we'll see the price go down with $200-$300 in a matter of 24-48 hours. That's why I am planning to close a few large positions around the 10th or 11th of May.

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May 06, 2017, 02:25:12 PM
 #4

Where's the party tonight?

No party until people cash out. Cheesy

It's amazing looking at the price that's going up like crazy. I however get a less satisfying feeling if I think about what's going to happen when things cool down. It might very well be that this increase is related to the ETF review on May the 15th. If this increase is indeed releted to the review by the SEC, and the ETF doesn't come through (which is exactly what I think the outcome will be), then we'll see the price go down with $200-$300 in a matter of 24-48 hours. That's why I am planning to close a few large positions around the 10th or 11th of May.

Yes, it is most likely that there will be no approval and we will see a drop in the price. But I'm not upset, because for me it will be a good moment to buy bitcoins for the future. I have been waiting for such a long time
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May 06, 2017, 02:39:57 PM
 #5

I think this is really inevitable. The prices of bitcoins are really soaring high now because of the demand for it. The demand of bitcoins can never be filled up by its supply since there is really no way we can create more outside mining. The outcome is always the same per block which means even if we scale mining to larger proportions then the rewards will still remain the same. So this new record is just going to be broken in the next price appreciation of bitcoins.

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May 06, 2017, 04:34:58 PM
 #6

I think this is really inevitable. The prices of bitcoins are really soaring high now because of the demand for it. The demand of bitcoins can never be filled up by its supply since there is really no way we can create more outside mining. The outcome is always the same per block which means even if we scale mining to larger proportions then the rewards will still remain the same. So this new record is just going to be broken in the next price appreciation of bitcoins.

Simple law of supply and demand. The general public is now demanding more of bitcoin!! So it really fascinating to see people really getting at bitcoin nowadays. Bitcoin price soaring high all day everyday. Japan truly entering the scene change the landscape of the bitcoin price. They are now having 50% trading volumes, followed only by USA and Canada. And its not a bubble that we are seeing. I don't know if this trend is sustainable, but let's just say that we should enjoy the party, pump till you drop.

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May 06, 2017, 04:46:44 PM
 #7

New high after new high. More and more people are getting into btc after they hear about its price in the news it's gaining more recognition day by day which is awesome. The thing is that not only btc but alts are getting attention as well , BTC Dominance is now around 56% so we can conclude that alts are traded more and more, just hope that we will get an answer for a scaling problem this year as it will enable us to even grow more and I am looking forward for other merchants to accept btc.

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May 06, 2017, 05:14:37 PM
 #8

New high after new high. More and more people are getting into btc after they hear about its price in the news it's gaining more recognition day by day which is awesome.
Yep from not on bitcoin will continue to set new records up until the moon and am sure many users who were spectators will continue
whining about not buying in while bitcoin price was low

Quote
The thing is that not only btc but alts are getting attention as well , BTC Dominance is now around 56% so we can conclude that alts are traded more and more, just hope that we will get an answer for a scaling problem this year as it will enable us to even grow more and I am looking forward for other merchants to accept btc.
the equation here is easy HIGH PRICED BTC= HIGH DEMAND FOR ALTS

Well have also become more conscious on how we spend our bitcoins and its just a matter of time before mega stores join the cryptocurrency race to help revive demand.

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May 06, 2017, 07:33:27 PM
 #9

It's going to get better! The market is slow to react, but this is its answer to halving and Japan's acceptance of Bitcoin.
I wonder what the time will bring, probably another crash before the next halving and then another moon.

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May 07, 2017, 01:17:48 AM
 #10

Where's the party tonight?

No party until people cash out. Cheesy

It's amazing looking at the price that's going up like crazy. I however get a less satisfying feeling if I think about what's going to happen when things cool down. It might very well be that this increase is related to the ETF review on May the 15th. If this increase is indeed releted to the review by the SEC, and the ETF doesn't come through (which is exactly what I think the outcome will be), then we'll see the price go down with $200-$300 in a matter of 24-48 hours. That's why I am planning to close a few large positions around the 10th or 11th of May.

There would be some correction for sure and Bitcoin value can decrease a little but analyst are already looking at the possibility of Bitcoin reaching or breaching the $2000 level before the end of the year or at least in early 2018.

I don't believe that the recent upward movement of Bitcoin has something to do with that ETF review as many already have the foregone conclusion that it would also be rejected. The opening up of the Japan market and the coming 10 exchanges in there can be the main impetus for this rampage.

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May 07, 2017, 11:08:08 PM
 #11


On the night of Thursday, May 4, the weighted average bitcoin rate according to Coinmarketcap was close to the mark in $1500, amounting to $ 1493. Thus, only since the beginning of May the Bitcoin price has grown by more than 10%.

Simultaneously, new price records fixed at the leading cryptocurrency exchanges. So, on Bitstamp the rate reached $ 1516, on Kraken - up to $ 1523, on Coinbase - $ 1524.

At the same time, the first cryptocurrency could be bought at $ 1409 at BTC-e. Poloniex and Bitfinex rate is still considerably higher than on other platforms: $1628 $1627 respectively.

The market capitalization at the time of publication is $24,5 billion, according to coincap.io.
Also note that the Bitcoin dominance index, which had fallen to 59% before, rose again and now is 62%...

Read more https://bit.news/eng/bitcoin-price-set-new-record/

The price of bitcoin has surprised me a lot in the last weeks, this rise is very good for my business and I hope bitcoins keeps going up

There would be some correction for sure and Bitcoin value can decrease a little but analyst are already looking at the possibility of Bitcoin reaching or breaching the $2000 level before the end of the year or at least in early 2018.

If reach to $2000 in next months would be very good


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May 09, 2017, 10:46:50 AM
 #12

this crazy,unprecendented growth is not healthy at all
I prefer a steady rise over 100$ overnight increases any day
besides all attempts to explain what have caused the rise failed,there is nothing that could cause 30% increase over 3 weeks time
ETF,Japan,new exchanges -it is all good but not enough for a 2%  daily growth imho

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