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Author Topic: A new milestone 2000$  (Read 2043 times)
ultimatesky
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May 20, 2017, 10:53:17 PM
 #41

All I know is that there is a race going on in crypto currencies world and as it seems Bitcoin is trying to stay number one.

I wonder how  much further other coins can push their prices up until they run out of juice.

$2031 and climbing, $33B market share and still number one. miners need to expect a difficulty increase soon.

I just wish that price stays above $2000 for at least another 2 weeks to see what happens with difficulty I want to see if they're related.

At this moment having a price above 2000 dollar is important because if we lose it a big correction may come. But seeing the price on 2060 on coinmarketcap is making me happy though.
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May 20, 2017, 11:42:00 PM
 #42

This has been a meteoric race that is surprising me a lot. Few months ago it seemed almost impossible to see the Bitcoin price breaking the $2000 mark, and nowadays I am convinced that this is just the beginning, and this same year we will see an impressive record high.

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May 20, 2017, 11:42:07 PM
 #43

Bitcoin as at 1945$ right now (preev.com), the 2000$ will be the new mile stone. What re your thought on the whole situation once btc hits 2k4? Will fees go up again, will there be a mass selling, will btc continue to deal with the this situation this it's in now with the miners and fees and with this rate where the price jumped for 700$ in one month, when will we see the 3k$ mark hit?
It seems bitcoin does not stop, every single day a new all time high is reached and everyone is making more and more money at the time I write bitcoin is 2029 on preev.com time to update the thread or create a new one.

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May 20, 2017, 11:55:00 PM
 #44

No one has ever imagine beginning 2017 that we going to touch $2000...

This was a big surprise for me, I remember telling someone that bitcoin would only reach $2000 at the end of the year. Who could have imagined that it would reach $2000 so soon

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May 21, 2017, 12:17:47 AM
 #45

We are getting closer to $2000 price. I guess there would be a mass selling if we ever reach that price. I think most of bitcoiner is also waiting for that before they are going to sell as they are also expecting a mass selling. So they are going to take a profit before it goes down a bit again.

$2000 is a nice, round number, it may trigger some selling, but as you said, there's tons of people dreaming to buy cheaper BTC to get in the boat, so they are going to be buying as soon as a good dip happens, it will be going up quickly after.

Once $2000 is broken, the psychological barrier is also broken for the uptrend, so sky is the limit. Once we double the 2013 peak then 5 figures is the next step.
And it is now broken, my dear sir.  At least it says $2010 on the wallet I use, and I believe it.  Haven't checked preev yet.  At $1800 I was expecting a major correction but it did not come.  I agree that this is an important milestone.  I truly believe it's just one stop on the way to $10,000 and higher.  Going to hold on to what I have and I'll probably buy more when I get money.


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May 21, 2017, 02:21:46 AM
 #46

No one has ever imagine beginning 2017 that we going to touch $2000...

This was a big surprise for me, I remember telling someone that bitcoin would only reach $2000 at the end of the year. Who could have imagined that it would reach $2000 so soon

Expected it to reach $2000 before July this year but woohoo the price made an unexpected record and almost all the exchanges passed the $2k barrier except the Chinese -$30 to go

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May 21, 2017, 02:38:37 AM
 #47

No one has ever imagine beginning 2017 that we going to touch $2000...

This was a big surprise for me, I remember telling someone that bitcoin would only reach $2000 at the end of the year. Who could have imagined that it would reach $2000 so soon

Expected it to reach $2000 before July this year but woohoo the price made an unexpected record and almost all the exchanges passed the $2k barrier except the Chinese -$30 to go

Chinese exchanges lagging in the price is simply the impact of the bitcoin fake volume issue that got​ resolved months back causing a big price drop. Soon the price on the Chinese exchanges too will cross the barrier $2000 as the regulations on bitcoin withdrawal in China is going little liberal slowly.

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May 21, 2017, 02:53:46 AM
 #48

Not really a milestone, how many Bitcoins could you sell @$2000+? I'll bet not so many, this price is backing $1500 and locking it in place, imagine you had 5 million Bitcoins and you wanted to sell them all in a week, do you think you could sell more than 500K coins above $1500?
I don't know people are holding back and don't dump, I need to get some cheaper coins please:).

Many of governments will start to realize how easy that is to mine Bitcoin with all the resources at their disposal, I just don't know whether they all are complete morons or indeed are mining for so long?
Next so called milestone I presume would be $2800 if market keeps the current mood for another month.

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May 21, 2017, 02:54:45 AM
 #49

We are getting closer to $2000 price. I guess there would be a mass selling if we ever reach that price. I think most of bitcoiner is also waiting for that before they are going to sell as they are also expecting a mass selling. So they are going to take a profit before it goes down a bit again.

$2000 is a nice, round number, it may trigger some selling, but as you said, there's tons of people dreaming to buy cheaper BTC to get in the boat, so they are going to be buying as soon as a good dip happens, it will be going up quickly after.

Once $2000 is broken, the psychological barrier is also broken for the uptrend, so sky is the limit. Once we double the 2013 peak then 5 figures is the next step.
And it is now broken, my dear sir.  At least it says $2010 on the wallet I use, and I believe it.  Haven't checked preev yet.  At $1800 I was expecting a major correction but it did not come.  I agree that this is an important milestone.  I truly believe it's just one stop on the way to $10,000 and higher.  Going to hold on to what I have and I'll probably buy more when I get money.

The price is jumping on an hourly basis. The price is $2064 on coinmarketcap now.
That is a $50 jump in the last couple of hours. I expect a pullback, but we definitely are in a bull run.

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May 21, 2017, 03:00:29 AM
 #50

since an incident, it is would affect bitcoin price, of WannaCry, some of the people truly thought that sending bitcoin would decrypt their files, soars the bitcoin price. after that ransomware has gone, IMO the bitcoin price will down for at least 10% before another jump can be accomplished. set the target of selling to $3000; unless the price of bitcoin goes $1900 or lower within a day.

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May 21, 2017, 11:19:44 AM
 #51

No one has ever imagine beginning 2017 that we going to touch $2000...

This was a big surprise for me, I remember telling someone that bitcoin would only reach $2000 at the end of the year. Who could have imagined that it would reach $2000 so soon

Expected it to reach $2000 before July this year but woohoo the price made an unexpected record and almost all the exchanges passed the $2k barrier except the Chinese -$30 to go

Chinese exchanges lagging in the price is simply the impact of the bitcoin fake volume issue that got​ resolved months back causing a big price drop. Soon the price on the Chinese exchanges too will cross the barrier $2000 as the regulations on bitcoin withdrawal in China is going little liberal slowly.

Yes as expected +$2000 in all the exchanges now with bitfinex and gdax $2098-2099 meanwhile $2170 in okcoin!
What's going on in okcoin? Huge gap comparing to the other, it wasn't like that before crossing the $2k barrier

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May 21, 2017, 11:25:48 AM
 #52

No one has ever imagine beginning 2017 that we going to touch $2000...

This was a big surprise for me, I remember telling someone that bitcoin would only reach $2000 at the end of the year. Who could have imagined that it would reach $2000 so soon

Expected it to reach $2000 before July this year but woohoo the price made an unexpected record and almost all the exchanges passed the $2k barrier except the Chinese -$30 to go

Chinese exchanges lagging in the price is simply the impact of the bitcoin fake volume issue that got​ resolved months back causing a big price drop. Soon the price on the Chinese exchanges too will cross the barrier $2000 as the regulations on bitcoin withdrawal in China is going little liberal slowly.

Yes as expected +$2000 in all the exchanges now with bitfinex and gdax $2098-2099 meanwhile $2170 in okcoin!
What's going on in okcoin? Huge gap comparing to the other, it wasn't like that before crossing the $2k barrier

Maybe Okcoin have seen the potential of bitcoin and I think the huge price gap is for many people to simply make some exchange or trad eon their site, or this is a scheme they had? but I think they are thinking that bitcoin price would still gonna go up that is why they are feeling that they will make a interest by doing so if the price would reach to such certain heights.



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May 21, 2017, 11:32:50 AM
 #53

What's going on in okcoin? Huge gap comparing to the other, it wasn't like that before crossing the $2k barrier

You should only pay attention to the price of OKCoin's CNY-USD ratio. Right now it's CNY-USD $2020 versus USD $2140. The USD side of OKCoin's trading platform has a very poor orderbook (both buy and sell side). In that regard, it takes a low amount of capital to pump the price up to much higher levels, but it also requires a low amount to dump the price $500-$600 lower. Nothing special here.

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May 21, 2017, 11:41:30 AM
 #54

What's going on in okcoin? Huge gap comparing to the other, it wasn't like that before crossing the $2k barrier

You should only pay attention to the price of OKCoin's CNY-USD ratio. Right now it's CNY-USD $2020 versus USD $2140. The USD side of OKCoin's trading platform has a very poor orderbook (both buy and sell side). In that regard, it takes a low amount of capital to pump the price up to much higher levels, but it also requires a low amount to dump the price $500-$600 lower. Nothing special here.

Ah ok thanks 1Referee, didn't pay attention for this point since I just take a look of the okcoin's price in the tradeblock.
BTW GDAX price crossed $2100 few minutes ago before returning to $209x

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May 21, 2017, 11:55:43 AM
 #55

BTW GDAX price crossed $2100 few minutes ago before returning to $209x

Yeah, GDAX is really trying to grab the lead, not only today, but it has been the case several times already. I wouldn't be surprised that if this continues, this exchange will surpass basically every other USD based exchange. Great thing about this is that they enjoy a high level of security/insurance since it is a Coinbase exchange. If you look at the current leader Bitfinex, then it's all shady behavior that they get assosiated with, due to the fact that they aren't willing to register their activities properly. I can't wait for this to become reality.

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May 25, 2017, 10:30:07 PM
 #56

Not really a milestone, how many Bitcoins could you sell @$2000+? I'll bet not so many, this price is backing $1500 and locking it in place, imagine you had 5 million Bitcoins and you wanted to sell them all in a week, do you think you could sell more than 500K coins above $1500?
I don't know people are holding back and don't dump, I need to get some cheaper coins please:).

Many of governments will start to realize how easy that is to mine Bitcoin with all the resources at their disposal, I just don't know whether they all are complete morons or indeed are mining for so long?
Next so called milestone I presume would be $2800 if market keeps the current mood for another month.
Obviously if you are a whale then you are not going to be able to get rid of your coins in a fast way or you run the risk of crashing the price so you need to do it slowly if you want to benefit the most out of the price, but why whaled will want to get rid of their coins when they are earning so much money.

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