Up Almost $1000 in One day? - How is this possible?

[CryptoBjorn]

i don't see us hitting $3k anytime soon. guarantee this weekend it will stabilize around $2500

BIP 91 is locked in, so unless there is again increasing chance of hard fork, the price in not going to stabilize at $2500 it is going to increase and I don't think it will stop at $3k also.

I still feel that something can  happen, although when we look ta the price it seems the hassle is over. So much hashrate saying it's over means we will not see a major dip before 1/8. Although a correction is still possible

[mrayazgul]

This is completely insane, How can fluctuations like this be possible? It seems to me that people that bought high are now driving market to cover and pull out> Can anyone help me make sense of this, I'm a new member and I day trade stocks. But I cant make sense of this. Its like drunk gorillas hitting the buy button. And all this weeks from a possible split?

You lost us pretty quick what are you talking about? The price of Bitcoin is not changing that dramatically it's only a $500 change in a 24 hour. Which is nothing compared to what it's done in the past. This is just confusing this and this thread itself saying 1000$ Up is itself confusing and it needs more explanation.

[JL421]

Even i am confused i see bitcoin is the only coin that is growing and all other altcoins are significantly still falling i think i will have to wait for some more time as everyone in forum told that when bitcoin will rise other coins will also rise but for now i only see bitcoin rising and altcoins are falling even more

[eaLiTy]

Even i am confused i see bitcoin is the only coin that is growing and all other altcoins are significantly still falling i think i will have to wait for some more time as everyone in forum told that when bitcoin will rise other coins will also rise but for now i only see bitcoin rising and altcoins are falling even more

That wont be the case most of the time,there is never a guarantee than the rest of the alt coins will rise with bitcoin,to be frank there are simply a lot of shit coins than good ones,so never expect the entire market to rise with bitcoin,it happened this year but most of the time it does not work like that,only time will tell how the market reacts,lets wait and see.

[cellard]

This is completely insane, How can fluctuations like this be possible? It seems to me that people that bought high are now driving market to cover and pull out> Can anyone help me make sense of this, I'm a new member and I day trade stocks. But I cant make sense of this. Its like drunk gorillas hitting the buy button. And all this weeks from a possible split?

Bitcoin's price has been supressed for almost 2 years in a ridiculous stalemate due miners acting like bullies against the will of the community.

Now that the community is getting what they wanted the price is naturally going up.

This uptrend can only be compared to the rise of back in 2013 when we went up almost like 60%. It shows how fast BTC can grow.

Now we only need to get rid of the remainders of the hardfokers and we can thrive to $10000 in no time.

[uki]

This is completely insane, How can fluctuations like this be possible? It seems to me that people that bought high are now driving market to cover and pull out> Can anyone help me make sense of this, I'm a new member and I day trade stocks. But I cant make sense of this. Its like drunk gorillas hitting the buy button. And all this weeks from a possible split?

Bitcoin's price has been supressed for almost 2 years in a ridiculous stalemate due miners acting like bullies against the will of the community.

Now that the community is getting what they wanted the price is naturally going up.

This uptrend can only be compared to the rise of back in 2013 when we went up almost like 60%. It shows how fast BTC can grow.

Now we only need to get rid of the remainders of the hardfokers and we can thrive to $10000 in no time.

Sure $100k, based on what?
It is not that easy as writing a post on this forum. You need to have new money en mass flowing into Bitcoin to reach first $5k and then $10k, let alone what lies beyond that.

[tabas]

Even i am confused i see bitcoin is the only coin that is growing and all other altcoins are significantly still falling i think i will have to wait for some more time as everyone in forum told that when bitcoin will rise other coins will also rise but for now i only see bitcoin rising and altcoins are falling even more

It's a yin yang effect, when bitcoin is rising, alt coins are falling. But this is different for now because I've seen that alts are also increasing when bitcoin is increasing. This is now becoming popular for sure, crypto currencies and bitcoin itself as well. We will see more green days and the market cap for each coins will increase.

[aesma]

100.000$ for buy a Bitcoin not impossible, Bitcoin can do that when government accept Bitcoin as digital cash and accept existence of cryptocurrency. Investor from other market will know Bitcoin is potential market and make the price increasing stable, not as now just by mentality of trader and speculator

I don't understand this argument. Governments want the ability to print money. They need that ability, they don't know how to govern without it. There is no reason for a government to embrace Bitcoin, a currency you can't print.