Bitcoin Price Jumps Above $4,800 for the First Time

[reflector]

Bitcoin's price briefly passed above the $4,800 mark for the first time today.

According to data from CoinDesk's Bitcoin Price Index (BPI), the price of the cryptocurrency hit a high of $4,802.74, before falling back to levels seen over the past few hours of trading.

Courtesy: CoinDesk

Guys what would be opinion upcoming months and what is expected price in upcoming year. Normally price use to bump when we nearing new from Dec 20 to Jan 1.

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[valentin68]

There is a logarithmic chart of the price of bitcoin that can be found here.
https://99bitcoins.com/price-chart-history/
From this chart it is very simple to say that now bitcoin will increase until 100000. This increase of today will continue for other 3-4 years from now. So bitcoin will continue to jump, and jump and jump, until 100000. After this value we will have to wait pribably another 10-20 years for another increase to happen.

[Yakamoto]

There is a logarithmic chart of the pice of bitcoin that can be found here. From this chart it is very simple to say that now bitcoin will increase until 100000. This increase of today will continue for other 3-4 years from now. So bitcoin will continue to jump, and jump and jump, until 100000. After this value we will have to wait pribably another 10-20 years for another increase to happen.

We'll have to see, but you're probably not far off when you say $100k in 10-20 years. It seems like that's a semi-realistic price range, assuming that the market continues the trend that we've been observing over the past few years. Again, that's just subjective and always speculation, there is nothing that can really be done to predict something as unpredictable as the Bitcoin market right now. It just keeps going up, then down, then really high up, then down a bit, etc.

I think you have probably one of the more realistic predictions I've seen on here to be honest.

[KennyR]

Bitcoin price has crossed above $4800, and this has made it get added to the top list of increased price of bitcoin. The price growth happening with bitcoin is an expected one, and the growth taking place at present is the pump after a stability gain for a short that happened around $4500 for a long time. Hope the ongoing increase might take the price over $5000.

[Juggy777]

Bitcoin's price briefly passed above the $4,800 mark for the first time today.

According to data from CoinDesk's Bitcoin Price Index (BPI), the price of the cryptocurrency hit a high of $4,802.74, before falling back to levels seen over the past few hours of trading.

Courtesy: CoinDesk

Guys what would be opinion upcoming months and what is expected price in upcoming year. Normally price use to bump when we nearing new from Dec 20 to Jan 1.

This is really some amazing news and if you been following recent events I am not even surprised that it shot up. I feel that the price shall be low 5000$ and 5500$ as High. I feel all the indicators are pointing towards a growth and that it shall be very soon we will see high levels. With the global conflicts happening and more countries adopting it, people I believe we will sooner witness another big bull run.

[dfox101]

This wave the bitcoin will stop at $5000. But after November, it will shoot up to $8000 by the year end. This will draw more merchants to accept bitcoin.

[Inconite]

Bitcoin is killing since last 10 months. Every BTC related sites are becoming popular for example: ]bitcointalk.org

[nirmalaayi]

Bitcoin's price briefly passed above the $4,800 mark for the first time today.

According to data from CoinDesk's Bitcoin Price Index (BPI), the price of the cryptocurrency hit a high of $4,802.74, before falling back to levels seen over the past few hours of trading.

Courtesy: CoinDesk

Guys what would be opinion upcoming months and what is expected price in upcoming year. Normally price use to bump when we nearing new from Dec 20 to Jan 1.

I think it will bump up more if every goverment in this world accept bitcoin regulation

[jtipt]

Are there going to be new threads everytime BTC's price rises by $100. Not too surprised to see $4800, it was gonna happen, even $5000 looks like its just waiting in line to come and go before BTC reaches $6000 and higher.

[dothebeats]

One thing's for sure, the next months I'd just be holding my coins and try to resist the temptation of buying things that I honestly don't need. The next few months would be promising if we maintain this kind of momentum. We could even reach $7000 seeing that $5000 is just around the corner.

[NeuroticFish]

I don't want to sound like Kwuckduck, but it's rising too much, too fast. $4800 looks great, $5000 and $8000 prognosis is wonderful.
But sooner or later a correction has to come. And it will hurt. I don't know if this is going to happen before the SegWit2x schedule or later (next year?)... with some luck it will be as short as the pre-SegWit turmoil.

[Similificator]

Bitcoin's price briefly passed above the $4,800 mark for the first time today.

According to data from CoinDesk's Bitcoin Price Index (BPI), the price of the cryptocurrency hit a high of $4,802.74, before falling back to levels seen over the past few hours of trading.

Courtesy: CoinDesk

Guys what would be opinion upcoming months and what is expected price in upcoming year. Normally price use to bump when we nearing new from Dec 20 to Jan 1.

Wow, this really is good news if it really is true. This is the very first time that bitcoins price has risen to over $4,800 if ever! I hope this icreases more as days, months, and years pass. Because this thing happening today is the greatest dream of all bitcoiners.

I say about 5k-10k in the upcoming months and higher after december. May even reach the 10k mark. But then again nothing is for sure when it comes to bitcoins. All we can do for now is speculate.

[FrankNoland]

Bitcoin's price briefly passed above the $4,800 mark for the first time today.

According to data from CoinDesk's Bitcoin Price Index (BPI), the price of the cryptocurrency hit a high of $4,802.74, before falling back to levels seen over the past few hours of trading.

Courtesy: CoinDesk

Guys what would be opinion upcoming months and what is expected price in upcoming year. Normally price use to bump when we nearing new from Dec 20 to Jan 1.

Consider this as a sign or proof that bitcoin has the potential to reach +$10 000 by the end of this year. Bitcoin is one the best investments at the moment, if you have it, just hold on to it and hope for the best. If I were to speculate the value of bitcoin in the next few years, I would say it is having the potential to reach $20 000 in 5 years period.

[Kakmakr]

The strange thing is, people do not even get exited when we break previous record high prices. I think we might see $5000 US within the next few weeks, if the trend continue at the pace we are going now. I have also looked at some innovative Bitcoin projects that would be launched in 2018 and based on that, I would predict that we would be testing the $8000 US bitcoin price by 2018.

I just hope that no major negative event would spoil the party. < more code changes and hard forks >

[RayvenPierre]

I think bitcoin might hit somewhere around $7000 dollars before the year end. I would not even be surprised if it gets past that price. One thing fir sure is people will surely monitor the price hoping for more increase especially those that are holding bitcoins.

[Herbert2020]

I don't want to sound like Kwuckduck, but it's rising too much, too fast. $4800 looks great, $5000 and $8000 prognosis is wonderful.
But sooner or later a correction has to come. And it will hurt. I don't know if this is going to happen before the SegWit2x schedule or later (next year?)... with some luck it will be as short as the pre-SegWit turmoil.

correction has been happening, it doesn't have to be dramatic and annihilate everyone on its path
a correction can be smooth and small too, like what we have been seeing so far. the dips that were as big as 200-300 dollar were the corrections.

the big "drop" will come though, before the S2X schedule. it is not going to be a correction, it will the FUD/drama dump because of SegWit2x upcoming war. because apparently the community can not reach consensus without a drama!

[David Hoggs]

It is great to hear that, as its value is increasing day by day and I think it will be growing more than $6000 by the end of the year. Its increasing value is making it more and more popular due to which people are investing their money in it and holding them to double their earnings and gain huge profit.

[audaciousbeing]

Bitcoin's price briefly passed above the $4,800 mark for the first time today.

According to data from CoinDesk's Bitcoin Price Index (BPI), the price of the cryptocurrency hit a high of $4,802.74, before falling back to levels seen over the past few hours of trading.

Courtesy: CoinDesk

Guys what would be opinion upcoming months and what is expected price in upcoming year. Normally price use to bump when we nearing new from Dec 20 to Jan 1.

Although we saw it coming and I didn't see it as a surprise and its bound to continue with that trend in the near coming days but at the same time, we should not be unweary of the challenges ahead as well because that is another factor to consider in the face of several opposition both from the crypto community and the entire government as well.

[Farma]

even when bitcoin reaches $ 4000 this year, it's also the first time. but, for the top price, I think bitcoin will indeed cost $ 4800 in the near future, and that will make it a lot of people make a profit.

[Singbatak]

It is good to see the bitcoin rise again and record a new alltime high. And because of this, the concept is growing. Maybe now in September. it will climb to $ 5,000 each. Because of the ongoing developments we expect it to increase until the end of the year.