Price perspective

[cointrader83]

The price of bitcoin might not push over seven thousand dollars this month but by next month it might give me a profit of over $7000 after the fork with the split in the network and the two alternative coins might give me a profit above that per coin,lets see how the market reacts after the split and i hope everything ends well.

[Jovovich]

The price of bitcoin might not push over seven thousand dollars this month but by next month it might give me a profit of over $7000 after the fork with the split in the network and the two alternative coins might give me a profit above that per coin,lets see how the market reacts after the split and i hope everything ends well.

The price will increase more more miners and at the same time investors. This probably is the for a new start of increasing price. The split was already done but surprisingly it is yet to increase and it is still stagnant in price. BTC gold however made a great price deficit in just one day in fact their is close to no price that i could find in coinmarketcap. I don't know but i think their are no miners for btcgold?

[1Referee]

I don't know but i think their are no miners for btcgold?

There are, but not publicly. As it is right now, they (the entities behind BTG) are far too busy with premining the s... out of that coin, and once that is done, they will be open to the public in like a week or so from now. That very much explains why there aren't exchanges (aside from Yobit) where you can trade this market. Yobit's BTG price has reached a low of 0.035+BTC, and considering the premine, amateurish way of taking care of things, shitty code, even this price is far too expensive. Especially when you take their 100,000BTG premine into consideration, which at current levels is worth 3500BTC or $20,000,000. Another thing is that if they do happen to go public, there aren't many exchanges looking to list them due to there not being any protection against replay attacks.

[btc_angela]

The price of bitcoin might not push over seven thousand dollars this month but by next month it might give me a profit of over $7000 after the fork with the split in the network and the two alternative coins might give me a profit above that per coin,lets see how the market reacts after the split and i hope everything ends well.

I agree, that price can't really reach $7000 because its just a couple of days before the end of the month and the price is around $5700. But I'm happy how this month turns out, coming from a crash in September due to Chinese negative news, this month we reached another ATH. And next month we will see another looming fork, segwit2x. Maybe by next month we will really see the price touch $7000 right before the fork.

[TheMojo1]

Here's some healthy price perspective for you...

Approximate time BTC price has been between:

     0-$1000: 8 years
$1000-2000: 5 months
$2000-3000: 11 weeks
$3000-4000: 26 days (or only 16 days leading up to Sept 1 ATH, pre-"China FUD")
$4000-5000: 37 days

Talk about an exponential time series... Personally, I think Bitcoin owes $3xxx at least another month or two before waving goodbye forever.

Edit: quoting my post below:

Doubling times might be another way to look at it...

Approximate time to "permanently" double:

from $5 to last time it ever dipped below $10: 7 months
$10 to $25: 4 months
$25 to $50: 2 months
$50 to $100: 6 months
$100 to $250: 2 years (!)
$250 to $500: 10 months
$500 to $1000: 8 months
$1000 to $2500: 4 months
$2500 to $5000: (not yet: 2 months and counting...)

Edit: quoting my plot below:

The last 10 floor to floor Bitcoin doublings since Nov 2012, now in more precise graphical form on a log-linear plot using Bitstamp pricing. I arbitrarily chose base 5 because it fits this plot well. Base 2 would have the same number of doublings.

Average doubling time: 6 months
Shortest doubling time: 1 month ($20 to $40)
Longest doubling time: 18 months ($80 to $160)

The Mt Gox bubble is clearly disruptive to trend. Since recovery, doubling times have only accelerated. This kind of hyperbolic growth is typical of a technological singularity. Think color tv, mobile phones, or the Internet.

At this scale, it's really hard to see the recent hardfork and China FUD having much of an impact at all.

https://i.imgur.com/8CW7IQQ.png

all this price is only pump so price can back more than 1,000$  with only 1 bad news like china ban