[2017-08-05] Bitcoin breaks $3,000 to reach new all-time high

[moriskarlov]

Bitcoin has reached a record high valuation of $3,000 per coin to complete a rollercoaster week that begin with the long-awaited split of the cryptocurrency.

A number of exchanges, including popular destinations Coinbase and Kraken, valued a single bitcoin at over $3,000, an all-time high that is up $485 on the valuation one month ago. Earlier this year, Bitcoin surged to surpass $2,000 for the first time in May going on to almost reach $3,000 in June only for the valuation to crash.

Over the last twelve hours, bitcoin’s value has jumped by over 10 percent as forked currency bitcoin cash has seen its valuation crash by 30 percent. Some exchanges including China’s OkCoin even put the value of one bitcoin above $3,200 right now.

Finally, the surge means that the total market cap of bitcoin is more than $50 billion — $51,737,289,581 at the time of writing according to Coinmarketcap.com.


A Coinbase chart shows bitcoin’s valuation has passed $3,000 per coin

https://techcrunch.com/2017/08/04/bitcoin-3000/?ncid=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Techcrunch+%28TechCrunch%29

[Vishnu.Reang]

$5,000 by the end of the year looks very likely. And I expect BTC to be somewhere in the $10,000 per coin to $25,000 per coin range by the next block reward halving (which is scheduled to happen on 17 Jun 2020)

[ArthurY]

$5,000 by the end of the year looks very likely. And I expect BTC to be somewhere in the $10,000 per coin to $25,000 per coin range by the next block reward halving (which is scheduled to happen on 17 Jun 2020)

And in 2022 BTC will cost $100 000
We are on same minds wave with you bro!!!

[1Referee]

The $3000 level was hanging in the air, after the 1st of August not having resulted in the drama people were waiting for to happen. It was great fun looking at how noobs were infecting each other with nonsense. Drama was complete when the price tanked below the $1900 level not that long ago. For me personally, not much changes as the $3000 level is just a normal price in my eyes. If miners would have allowed Segwit to activate through the original proposal, we would be sitting at +$4000 levels right now. But then again, better something than nothing I always say.

[AK47-]

All that 1st August FUD and series of speculations were constraining Bitcoin's growth. Finally with the end of fork, investors are back on track with confidence and price has already hit $3000 and this trend will most probably will continue because there is a huge demand in the market. There is increase in popularity after all that stagnation in the month of July.

[bouren]

That was expected. There were many investors who wanted to invest in bitcoins last month but were taking steps back due to split issue. All those investors plus new comers this month have made the price to rise. This rise has created more enthusiasm in holders and they are going for more investment. On as whole, cryptocurrencies are going to have great month this August!!

[Kprawn]

I might be wrong, but I think this fork actually helped to push the price up. People got free coins and they sold it or traded it

for BTC.  How nice is that? This whole fork generated extra fiat to buy bitcoins.  .... Imagine what will happen if the

pumpers of BCC continue doing that and ALL exchanges start to accept BCC.... people will dump a lot of BCC and we will

even see more money flowing towards BTC. 

[hosseinimr93]

I might be wrong, but I think this fork actually helped to push the price up. People got free coins and they sold it or traded it

for BTC.  How nice is that? This whole fork generated extra fiat to buy bitcoins.  .... Imagine what will happen if the

pumpers of BCC continue doing that and ALL exchanges start to accept BCC.... people will dump a lot of BCC and we will

even see more money flowing towards BTC. 

I think this price increase is not related to Bitcoin Cash. Just the demand has increased after August 1. Before August 1, Lots of people were worry about August 1. Now there is no reason to not buy Bitcoin. So the demand is very high and the price is increasing.

[dashingriddler]

It has risen really fast.
But it is not due to any pump up as in the past where it jsut fell again after a few days.
I think it is here to stay this time.
Since there are some concrete things being implemented such as Segwit & Segwit2x into the blockchain as we know it.

All things looking up from now on with out any slow down to the steam filled moon train!

[Rahar02]

The $3000 level was hanging in the air, after the 1st of August not having resulted in the drama people were waiting for to happen. It was great fun looking at how noobs were infecting each other with nonsense. Drama was complete when the price tanked below the $1900 level not that long ago. For me personally, not much changes as the $3000 level is just a normal price in my eyes. If miners would have allowed Segwit to activate through the original proposal, we would be sitting at +$4000 levels right now. But then again, better something than nothing I always say.

Agree, this significant increases caused by segwit proposal that will come to live within days.
571 blocks left to signaling BIP141 https://coin.dance/blocks?update or 471 blocks to reach 95% threshold.

But, I disagree if people assume that $3200 is ATH for bitcoin, because bitcoin ever reached higher price $4494 on South Korean exchange - coinone. http://www.zerohedge.com/news/2017-05-25/bitcoin-blows-throuigh-2500-2600-2700-overnight-south-korea-demand-soars

[gembira]

I think bitcoin ll going down in few next days.. case not possible growing  so quick..

[richardsNY]

I think bitcoin ll going down in few next days.. case not possible growing  so quick..

It obviously can grow significantly in a relatively short time. The market was purely waiting for the first of August to pass in order to start buying, which pretty well explains why the price is going up in a decent manner. At this point there is no solid support around the $3000 level, so the price may fall back if one or more large holders are cashing out a part of their profits. Overall, I believe that we will smoothly eat through $3500 in the coming days, where after that I expect a $300-$400 correction to take place. It will allow people to potentially catch a 10% profit before the price rushes up further.

[eckmar]

Kinda expected after august 1st. Yeah it will probably go a bit down when newbs decide to cash out for small profit but after that we go up up up again 

[CyberKuro]

$5,000 by the end of the year looks very likely. And I expect BTC to be somewhere in the $10,000 per coin to $25,000 per coin range by the next block reward halving (which is scheduled to happen on 17 Jun 2020)

And in 2022 BTC will cost $100 000
We are on same minds wave with you bro!!!

We started this year with nearly $1000 and 8 months later reach $3000, more than 200% increases and bitcoin price more likely to grow over $4000 after segwit be activated and maybe $5000 by the end of this year. And reach $10,000 in the next year, maybe slightly chance to, but I am not sure if bitcoin could reach $100,000 in 2022. Well, anything can happen including price crash and I don't want to exaggerate about it and let the time reveal the truth for us.

[fancy2973]

High at $3355, next phase will be $5000! When these segwit and fork issue settles, bitcoin will skyrocket!

[ArthurY]

$5,000 by the end of the year looks very likely. And I expect BTC to be somewhere in the $10,000 per coin to $25,000 per coin range by the next block reward halving (which is scheduled to happen on 17 Jun 2020)

And in 2022 BTC will cost $100 000
We are on same minds wave with you bro!!!

We started this year with nearly $1000 and 8 months later reach $3000, more than 200% increases and bitcoin price more likely to grow over $4000 after segwit be activated and maybe $5000 by the end of this year. And reach $10,000 in the next year, maybe slightly chance to, but I am not sure if bitcoin could reach $100,000 in 2022. Well, anything can happen including price crash and I don't want to exaggerate about it and let the time reveal the truth for us.

Each year population on the Earth grow ~100 000 000+
Now on the Earth have alive people more than die for all history
So we will have just 21 000 000 coins
That's not will be enough for all of us
So price just will grow


Also we can note Satoshi

Satoshi once said that if you lose your private keys, don't consider the coins lost.

Consider them donated  to the community because everyone else's coins will be worth more.

[btc78]

I might be wrong, but I think this fork actually helped to push the price up. People got free coins and they sold it or traded it

for BTC.  How nice is that? This whole fork generated extra fiat to buy bitcoins.  .... Imagine what will happen if the

pumpers of BCC continue doing that and ALL exchanges start to accept BCC.... people will dump a lot of BCC and we will

even see more money flowing towards BTC. 

I think this price increase is not related to Bitcoin Cash. Just the demand has increased after August 1. Before August 1, Lots of people were worry about August 1. Now there is no reason to not buy Bitcoin. So the demand is very high and the price is increasing.

For me it has something to do with bitcoin cash. Some of the those people that are having huge amount of bitcoin in their wallet decided to come out and claim the free coins then quickly sold off for bitcoin again. I think the price can rose again after Aug 8, when Segwit will finally activated. The price would simply go to the moon. All the price speculation like $10000 is possible now.

[Vishnu.Reang]

High at $3355, next phase will be $5000! When these segwit and fork issue settles, bitcoin will skyrocket!

The BIP 141 lockin is just around 2 days away (457 blocks still remaining). Once that happens, BTC may hit a new peak. But a correction can happen at any time. Those who purchased the coins before August 1 may be tempted to book profit.

[gembira]

What happen? When ll be a correction? Im waiting bitcoin under 3000.. May be before 21 of August  Bitcoin ll going down?

[MaskMars1]

High at $3355, next phase will be $5000! When these segwit and fork issue settles, bitcoin will skyrocket!

I agree with you. The price went up sharply as soon as a split occurred. Rather, once investors realized that the split did not significantly affect the price of the coin. Bitcoin returned confidence and the price went up