[2017-08-13] Bitcoin just passed $4,000

[Eric Cartman]

What a day for Bitcoin.

24 hours ago the cryptocurrency was trading below $3,700. About an hour ago it surged passed $4,000 and has no signs of stopping. It’s now trading around $4,135.00. For reference, a week ago Bitcoin hit an all-time high as it passed $3,000 for the first time.

Check out the chart below to see what the price has done in the last 24 hours.

So the million dollar bitcoin question is…why now?

Without wasting too much of your Saturday night with detailed analysis, here are a few possible reasons you can tell your friends during brunch tomorrow.

Two weeks ago Bitcoin went through a hard fork, and came out essentially unscathed. Sure, a bitcoin-clone called Bitcoin Cash was created, but it’s gotten a lot less attention than most people expected. A few days later Bitcoin locked in SegWit, a code modification that fixes malleability issues and frees up space in blocks, allowing for more transactions to be stored in each one.

These two code-related developments have helped boost conference in Bitcoin’s future.

Another reason – the ICO frenzy. The amount recently raised via initial coin offerings have now (at least temporally) topped amount raised via early stage venture capital. Just last week Filecoin raised $180 million in a few hours. Most investors have to convert fiat currency to bitcoin or other cryptocurrencies to participate in ICOs, which could be driving up the price (and providing some investors with their first taste of bitcoin).

Another reason – Wall Street’s new obsession is bitcoin. You can’t watch CNBC for five minutes without seeing a trader or analyst give their opinion – which is usually something insanely bullish like “it’s going to be the best performing investment of the year”. For better or for worse, statements like these are getting non-technically inclined investors interested in bitcoin, some of which are definitely buying coins for the first time.

So what happens next? No one knows. Bitcoin could crash 50% to $2,000 tomorrow or spike to $5,000 – and I don’t think anyone who truly knows crypto would be surprised at either option. E

veryone has a different opinion – some say the bubble is oversized and should have popped months ago – others think that bitcoin is currently just a fraction of what it could eventually trade at.

Whichever camp you fall in, here’s one friendly reminder: don’t invest more than you can afford to lose – because if you ask anyone who’s spent more than a few months in the cryptocurrency world they’ll tell you it’s a roller coaster.

https://techcrunch.com/2017/08/12/bitcoin-just-passed-4000/

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[bell70]

I really regret not buying more amount btc when it was still cheap.NO one can predict

with certainty Btc price.Past is past, what is done is done, the import thing we can do

now is to learn from our mistakes and look forward.

[aso118]

So what happens next? No one knows. Bitcoin could crash 50% to $2,000 tomorrow or spike to $5,000 – and I don’t think anyone who truly knows crypto would be surprised at either option.

Even if it does crash to $2,000, most people would still have a profitable position. It would definitely not surprise me and a little traceback, slowing things down, might actually be good for Bitcoin in the long term.

[Granxis]

We woke up on a beautiful Sunday morning, this price increase was a negative reaction to the altcoin market, if we do not see very large sales figures, will be higher.

[buwaytress]

If a $1,000 increase feels amazing, remember that this is only a 25% increase - all too common with crypto. Imagine what the same percentage would mean at $10,000.

Listen to that famous parting advice we need to remind ourselves constantly about. Never invest more than you can afford to lose. I would even say: sell off enough to recoup your outlay, or to always keep yourself motivated by "locked-in" profits. What's probably worse than investing $800 and having it drop to $500 is seeing it rise to $5,000 and regretting not selling a portion when it crashes to $2000 the next week.

[landslide]

Bitcoin is on its way to $10000. I think it will get there some time next year.

[CyberKuro]

Bitcoin has rise more than 300% in this year, started this year with $980 and current price is over $4090  and even $4300 on OKCoin.
But, the best thing is ; it's not over yet as we still have a week before segwit activated, and bitcoin may increase like crazy after segwit activation.
Maybe we will see $5000 in this month and don't know when the correction will come.

[btc_angela]

Bitcoin has rise more than 300% in this year, started this year with $980 and current price is over $4090  and even $4300 on OKCoin.
But, the best thing is ; it's not over yet as we still have a week before segwit activated, and bitcoin may increase like crazy after segwit activation.
Maybe we will see $5000 in this month and don't know when the correction will come.

Yeah, I read some article saying that bitcoin has risen to almost 300% year to year. That is huge, and if you are lucky and was able to bought bitcoin when it was sub $1000, the profit by now is big, maybe someone out there become another millionaire overtime because of investing early in it. But we need to be cautious because we all know that down the line a price dip might happen. But for now waking up and seeing good news like this makes our day. And what more if we see $5000 before Segwit activation? We are all going to jump for joy. hahaha.

[CryptoBry]

I really regret not buying more amount btc when it was still cheap.NO one can predict with certainty Btc price.Past is past, what is done is done, the import thing we can do now is to learn from our mistakes and look forward.

well, don' worry you are definitely not alone with this kind of Bitcoin regret. We regret for not buying more Bitcoin because Bitcoin became what it is today but had it been otherwise then we would be sad (and still regret for participating). It is just human nature to feel this kind of regret and there is nothing we can do about it.

The most important thing is to collect Bitcoin now so that we will not be sad next year when Bitcoin can double and even triple in value based on its current price now. Let's go and get as much as Bitcoin we can.