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Author Topic: Let's Celebrate: Bitcoin at $5,100  (Read 202 times)
iamTom123 (OP)
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October 12, 2017, 08:40:37 AM
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Everybody in the Bitcoin community has been expecting and waiting for Bitcoin to clobbered the $5,000 mark at least within this month just before any effect of possible FUDs on the scheduled hard fork can have on the currency. Now, our beloved cryptocurrency is able to finally and officially breached the wall and is now even at $5,109.61 as I am writing this thread.

Though there is a possibility of some profit-taking at this level especially towards the weekend, the most important thing is the finally Bitcoin has arrived the level which we expected to have happen back in September just before the barrage of China news and that unfortunate and famous statement coming from Mr. Demon.

Now, there are still bad news but the market continued to ignored them. There seems to be confusing news coming from Russia as to whether Putin is for or against Bitcoin and there are still many bad commentaries from leading personalities in the financial sectors, all attacking Bitcoin.

Maybe Bitcoin has now become FUD-resilient and will not be anymore listening to bad news which actually have no bearing to Bitcoin if analyzed seriously.

Cheers!


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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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The Cryptologist
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October 13, 2017, 02:55:49 AM
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It just hit $5,800 everybody. There are still 2 and a half month remaining before 2018 and I'm ready for the countdown towards $10k. It's a celebration folks. Cool
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