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Author Topic: Record $4,739 Bitcoin Price Lifts Market to $170 Billion  (Read 480 times)
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August 31, 2017, 02:10:26 PM
 #1

The markets bounced back on Thursday following a sluggish performance on Wednesday. Bitcoin price led the way, fighting its way to a new record of $4,739 on Bitstamp. The ethereum price, meanwhile, continues to climb toward $400. Altogether, 80 of the top 100 cryptocurrencies made progress, lifting the total crypto market cap to a new all-time high above $170 billion.
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August 31, 2017, 02:23:32 PM
 #2

This is a very good news then. Bitcoin is really growing fast these weeks and would most probably still continue to grow. As for the altcoins, I don't think all of those would continue growing. Though it's nice to see a lot of altcoins getting their prices up especially for ethereum, this is good news for investors and traders.
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August 31, 2017, 02:23:59 PM
 #3

It means more people are interested and buying cryptocurrencies. It make me happy to see the crypto community growing with this speed.

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August 31, 2017, 02:33:14 PM
 #4

This would happen one day or another. Btc has again proved if youbare investor you don't need to panic about drops you should instead purchass durimg those dips if you can. Last month itself the market cap was $100 billion less than today and some thought it is over but as usual btc proved it's dominance and it's ability to still rise to the top.
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August 31, 2017, 03:32:39 PM
 #5

I read something like "Bitcoin reached all-time-high!" at least once a week on average. Of course it did, it's just going up Smiley Maybe it would be easier to publish some news on a day when Bitcoin doesn't reach ATH Cheesy

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August 31, 2017, 04:04:07 PM
 #6

Don't get to excited. Rapid growth in prices tend to be a bubble and a correction when short term investors dump btc for profit will come.

Caution is the key.

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August 31, 2017, 04:14:49 PM
 #7

I think North Korea firing a missile over Japan and the political uncertainty has something to do with this ATH. People are buying cryptos as a way to protect their capital in case of a major crisis.

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August 31, 2017, 04:20:06 PM
 #8

it is awesome, i see the news on western regulars now... concerned if a local top is gonna come soon, monthly close in just a day or so and btce is back. battlestations everyone!

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August 31, 2017, 06:29:52 PM
 #9

This is great news. I remember earlier this year someone posted that btc would hit 5000. We all thought they were crazy, but we are almost there Smiley
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August 31, 2017, 06:35:19 PM
 #10

I think North Korea firing a missile over Japan and the political uncertainty has something to do with this ATH. People are buying cryptos as a way to protect their capital in case of a major crisis.

Probably but bitcoin will also be totally useless in case of a global crisis. It can't be use as hedge in case of a war. But I believed that they are into cryptos now just to protect their assets but it they think that it can be used as hedge, they are wrong.

This is a very good news then. Bitcoin is really growing fast these weeks and would most probably still continue to grow. As for the altcoins, I don't think all of those would continue growing. Though it's nice to see a lot of altcoins getting their prices up especially for ethereum, this is good news for investors and traders.

This are really a welcoming news for everyone and waking up in this kind of news really start your day in a good way. So our next target now is $5000. I think we can hit it around mid Sept if the trend continues. A lot of investors are really putting their cash into the ecosystem now that's why the bullish run has just started again.

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August 31, 2017, 06:43:56 PM
 #11

Yeah, $5000 is around the corner. I am hoping there is no way to go but up. I don't want it to go down anymore.  Keep going up baby...

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August 31, 2017, 06:44:10 PM
 #12

This is great news. I remember earlier this year someone posted that btc would hit 5000. We all thought they were crazy, but we are almost there Smiley

This is like a dream to old users and investors since we are all sticked to the common price $2000. Ever since the fork has ended, the price goes up rapidly and everyone is really amused. I think we will not be reaching that price this month but in the last month, we will be seeing an ATH at the price line of $5000.

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August 31, 2017, 06:48:25 PM
 #13

flying without correction  Cry , is this good or will be dumped soon ?
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August 31, 2017, 06:49:59 PM
 #14

Don't get to excited. Rapid growth in prices tend to be a bubble and a correction when short term investors dump btc for profit will come.

Caution is the key.

Majority already knows that deal and it's normal that correction price will follow after a big jump.

What matters here is the output after the correction. Still it goes uptrend and even if an average bitcoiner risk their money in buying on the current buying rate and price decrease started, no need to worry as soon it will breached again their buying rate resulting on an increase. No one knows what will happened but we are have lots of reasons to believed that an increase will happened again. Now that we are used to that kind of situation, an extra ammos is required in order to take advantage of the dip.

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August 31, 2017, 06:55:42 PM
 #15

I think the adjustment will be once bitcoin reaches the price of $ 5,000. This year, bitcoin continues to please its supporters. I even scary to imagine what will be the price if the current trend continues.

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August 31, 2017, 06:58:12 PM
 #16

This is great news. I remember earlier this year someone posted that btc would hit 5000. We all thought they were crazy, but we are almost there Smiley

This is like a dream to old users and investors since we are all sticked to the common price $2000. Ever since the fork has ended, the price goes up rapidly and everyone is really amused. I think we will not be reaching that price this month but in the last month, we will be seeing an ATH at the price line of $5000.

Yeah, I think $5000 is the next stop for bitcoin. I still remember the wall that was put up by $3000 and now its seems a breeze passing $3500-$4500 in just one month alone. For those bag holders, this is really a very good news. But for most of us who are new we can take the profit of all of our hardwork for just holding on it for a couple of months.

Yeah, $5000 is around the corner. I am hoping there is no way to go but up. I don't want it to go down anymore.  Keep going up baby...

Yup, but sooner or later, there will be a price correction but I seriously doubt that it will be a major crash. Just a few bumps along the way before reaching $5000-$7000 at the end of the year.

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August 31, 2017, 07:12:57 PM
 #17

I think there is no doubt that after some time the price correction awaits us. Maybe 5k would be bitcoin's cap but can anyone guess it's price after correction? Hope it won't get below 2.8k afterwards.

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August 31, 2017, 07:15:49 PM
 #18

The markets bounced back on Thursday following a sluggish performance on Wednesday. Bitcoin price led the way, fighting its way to a new record of $4,739 on Bitstamp. The ethereum price, meanwhile, continues to climb toward $400. Altogether, 80 of the top 100 cryptocurrencies made progress, lifting the total crypto market cap to a new all-time high above $170 billion.

At present, bitcoin continues to go up, but the altcoin can not do that. Under the pressure of bitcoin, they are slowing down, but we can see that bitcoin still has a tremendous impact on altcoin.

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revinvested
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August 31, 2017, 07:23:37 PM
 #19

$4,762 actually  Smiley but as expected masive sellouts came and it quickly drop down to 4720, still pretty good progress this month. Grin
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August 31, 2017, 07:25:44 PM
 #20

These days bitcoin value is increasing at very short time. I think it started after fork case and it will increase until the hard fork. The total market cap depends to bitcoin's value.
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