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

[Kemarit]

It only mean one thing, investors are really seeing a bright future for bitcoin that is why they are willing to put their cash on the market. I haven't found any news though, whose pumping the price, only news that I read is that Gold investors suddenly flocking and going to bitcoin bigtime that's why the price is so high right now. Testing $5000 would also be a good condition and we will see if you can go there in a few weeks in this massive bull run will continue. It a correction could happen, so be it, just a normal process. Just hope that we can sustain $4600-$4700 so that it will be easy to break the $5000 wall. I don't want to speculate the price at the end of the year, but its definitely huge.

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[btc_angela]

It only mean one thing, investors are really seeing a bright future for bitcoin that is why they are willing to put their cash on the market. I haven't found any news though, whose pumping the price, only news that I read is that Gold investors suddenly flocking and going to bitcoin bigtime that's why the price is so high right now. Testing $5000 would also be a good condition and we will see if you can go there in a few weeks in this massive bull run will continue. It a correction could happen, so be it, just a normal process. Just hope that we can sustain $4600-$4700 so that it will be easy to break the $5000 wall. I don't want to speculate the price at the end of the year, but its definitely huge.

It only briefly touches $4800 though and its back to around $4600+. Its this the new psychological barrier for traders? I think so, so for me it will difficult to touch $5000 for now unless another positive news will come our way. The looming Segwit2x may bring us to that. I consider a healthy correction is needed again so that new people can get it and buy bitcoin back that will really push the price to $5000 or more. Yeah, at the end of the year we may see $8000-$1000. Its gonna be a good Christmas season for all of us then. LOL.

[crazyivan]

I d be very cautions and say $5-5.5k by the end of the year. Next year we can probably double that. In 2019, people re going to start thinking about next halving and then, anything s possible.

[no0dlepunk]

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 am not quite sure if this would make sense, but It seems like the Chinese considers August as a ghost month that's why they did not make so much transactions... now that August has ended, expect them to be back in bitcoins and make it close to $10k before the ber-months end. CAVEAT!

[Bittoshi]

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.

$100.000 is a lot. Damn, I really should buy more now, so that I end with 1 coin and not only some Satoshis in the end.   Some say it will even rise up to $500.000 or more. Let's see where we end.

[Zicadis]

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.

Expectations are too high for things to happen in less than 4years

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.

A continuous increase for 3-4 years without any dips or corrections is not possible neither is it possible to have stagnation for more than a decade without activity, let us not forget bitcoin is still the top crypto currency and every one new to the crypto world will have to go through it first which means rise in demand and price.

[RoommateAgreement]

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.

it is not really called "falling" though. it is the normal fluctuations where price goes up and down in small increments. and as long as it takes 2 steps forward and 1 step backwards we call it a rise in general.

and yeah it is great, this rally is not going to end this soon. we are just getting started and in the following months we will continue to see the bull market and hopefully the SegWit2x issues don't cause a big bear market for us.

[giletto]

We are on the right path. C'mon bitcoin. Let prove to us that you can become better, greater and more expensive. More investors have spent more and more money on bitcoin. Not only bitcoin, the whole crypto market has also increased, too. Cryptocurrency is now the trend of this decade

[Dudeperfect]

I am sure we are going to cross $5K mark soon but then we might see some downfall in the price because those investors who have invested at lower levels like $3,500 and nearby levels will book their profits at a milestone of $5K so for some time, it will keep fluctuating at $5K level and I am expecting the same level as of now between 20 Dec to 1 Jan. However, I am expecting further growth in the next year and mid term target of $8K considering the growth rate.

[Dyn@styN3rd]

Being a newbie in cryptocurrency, I was really surprised seeing the price at $4700 mark few hours ago but oh boy it really reached the $4800 mark today! I bought a few BTC's 3 weeks ago at $4200 price as there's a prediction that it will reach the $5k mark soon which I think will be just around the corner now, few more days to a week perhaps?

[mondobitcoin]

More and more people are interested to bitcoin, so the price is growing up
I think and hope, that the price can grow up in the future
Maybe in the next year his price can be 10k

[doomloop]

We are on the right path. C'mon bitcoin. Let prove to us that you can become better, greater and more expensive. More investors have spent more and more money on bitcoin. Not only bitcoin, the whole crypto market has also increased, too. Cryptocurrency is now the trend of this decade

bitcoin already proved us that bitcoin is better and more expensive coin that why bitcoin user increase day by day and every one invest their money in bitcoin bitcoin provesthat the day will become very soon every one will invest thier money in bitcoin and our country money will have no value and every one accept just bitcoin.

[pitiflin]

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.

Lot of people are considering this as a fact that bitcoin will reach 10000$ by the end of 2017 . Well I put my money saying that bitcoin will reach 7000$ at least and then the rest is history. Until then all you can do is wait and hope for the best.

[miyong]

I Don't expect that bitcoin will go beyond my expectation. I am expecting that bitcoin will reach $5,000 at the end of this year but eventually it is almost $5,000 now.

[Carlsen]

It is really interesting to see the price increases once again.
And that is happening even without the ETF approval in the US.
The investors from today, I think they are all normal people who see the potential of bitcoin (and I don't think many people can see that).
Imagine what will happen once ETF is going to be approved.
Every major investment company will to want to have a piece of the cake.
Wow....

[alyssa85]

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.

It is rising too fast, but when you get a bull run like this, anyone trying to get in it's way tends to get crushed. By all means take some profits if you own bitcoin, but don't do any shorts, you are likely to get totally crushed.

[traderethereum]

soon we can see the price reach new highest price more than $5000 and its close to that price. maybe in next month the price will increase so high and only few people can buy a whole bitcoin. but for all of this, i am happy to see the new highest price and i am glad that i can exchange my bitcoin into money for buying something.

but i think the price is jump so fast because i see the price is at $29xx in almost two month ago and stay for a while but after that, the price is like can not stop and continue to increase until now we can see its more than $47xx. its good for bitcoin because i am sure that many people will open their eyes and more people will join with bitcoin. 2017 is the greatest year for bitcoin, the price is moving up, many people interesting with bitcoin and they are curious why the price is up so high especially in this year.

[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.

I am not quite sure if this would make sense, but It seems like the Chinese considers August as a ghost month that's why they did not make so much transactions... now that August has ended, expect them to be back in bitcoins and make it close to $10k before the ber-months end. CAVEAT!

In this year August block size has been increased and most of the people worry that bitcoin's value would fallen back to 1000$ but fortunately since splitting happens bitcoin's increased to next peak value. So it is good for bitcoin. If this continues in future bitcoin value will be on 10k in some years.

[coinbillionaire]

There is many good news on Bitcoin that justifies the $5000 price which I guess will be here to stay by this weekend already.

Like that Bitcoin is even better than GOLD. Many articles in big newspapers on this soaking more traditional investors into where the profit is.

I dont see it as enthusiastic tho as many in the Bitcoin community. The references to bitcoin reaching 100k seem to be largely from people HODLING bitcoin and wanting it to rise.

Remember the tulips in holland? ... I guess people were just as enthusiastic until at some point it all crashed down.

Bitcoin has crashed a couple of times in the past, why exactly would it not crash again? Anyone got any good explanations for that?

I am HODLING my bitcoins of course but i am still a bit sceptic and the less people actually being sceptic, it scares me kinda

If this continues in future bitcoin value will be on 10k in some years.

In some years? Its rising like 1% a day or even more already. This would get to 10k within maybe 3-4 months if it keeps rising as it currently is rising.

[Koadharber]

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.

Checking on the latest price on Preev.com it is already on 4811 range which im sure we do really reach on a new ATH on bitcoins price we im really glad that we did able to break that 4500 resistance and now price do play on these ranges 4800 and below and for those investors or users who did bought on 4400 for sure they are on profits as of now specially on short traders. Bumping up its price surpassing 5k level in next month is really possible we are just only $200 away on it.