BTC passes $5,000 USD milestone

[eternalgloom]

Any theories on what caused the sudden spike in price? Do you think the price will hold over the next few weeks? Any speculations for the future?

One theory is that people are buying BTC to hold them for a couple of weeks and to get the upcoming Bitcoin Gold.

We've also seen this happen at the time of the previous Bitcoin Cash fork, but not too long after that we had a lot of bad news from China which caused the price to drop again.

I wonder what the price will do this time if we don't have a string of bad news coming in after the forks happened.

Also keep in mind that this will also bring in new investors who are attracted by the sudden price increase. I've personally had a lot of friends ask about Bitcoin lately. There's an article on Bitcoin pretty much every week now in our local newspapers as well.

[illusioNiZt]

I agree with others the price hike is due to the upcoming hard fork and I heard talks about price increasing more in next few days in some fb group and chats related to BTC of-course its just assumption right now, the price was on 5,250$+ has dropped to 5195$ now although its going up and down pretty quickly IMO it will rise more in the next few days.

[benzmuircroft]

I think Bitcoin will go up much much more!

[JCO05]

Any theories on what caused the sudden spike in price? Do you think the price will hold over the next few weeks? Any speculations for the future?

Big day for BTC, I remember reading threads in 2015 about how "one day BTC will be over 5k USD"... today's that day

This is really something to look forward with. Knowing that bitcoin gone through a hard downfall just recently when its market value is down to 3400$ from 4500$, and now it fully recovered having a value of 4600$. Maybe it will hit 5000$ before at the end of this month. If the segwit2x will also be successful just like the previous one, it will be more expensive before going to next year which will open more oppurtunities to it which will also mean that bigger profit will be to its users and investors.

[Mister1k]

Yes that day has come and has reached its peak of $ 5000.
Bitcoin prices that I think are very high. This is good news for those who hold Bitcoin in the last week ..

Now bitcoin is 5188 us dollar. It is just beginning, bitcoin is reach 10000 us dollar in October 25. Because bitcoin gold will be launched. That day bitcoin is suddenly increasing as much as possible.
Traders are hold the bitcoin in last week. This is the main reason to increase bitcoin.

[Kemarit]

Any theories on what caused the sudden spike in price? Do you think the price will hold over the next few weeks? Any speculations for the future?

Big day for BTC, I remember reading threads in 2015 about how "one day BTC will be over 5k USD"... today's that day

It has something to do with the Oct. 25 fork. But I'm a little bit worried because its still a full two weeks and we are already seeing a significant gains over the past few days. However, this is another milestone made today by bitcoin market. What worries me though is that why it suddenly rises in just 24 hours? We all know that we can get free coins during the fork, but are someone been pumping bitcoin? Well I hope that its sustainable because as I have said we still have 2 full weeks before the implementation so I'm just bracing myself and expect the unexpected. But as a whole, I like what I'm seeing today.  

[dimastegar]

Today Bitcoin surprised me a lot. While I'm not holding Bitcoin but Altcoin, Bitcoin's price goes up unstoppable. May touch $ 5500 this October.

[lady Royal]

Milestone for bitcoin but I am sad I have just exchanged my Bitcoins yesterday and now I am seeing Bitcoins above 5100$ I could've earned that profit but my bad or my bad luck I have exchanged my BitCoins just a day before it reached 5k. Good luck to all with their investments.

[alan2here]

I think people should be careful about Bitcoin prices at this time because now the market is so chaotic and if you greed you will surely regret and my advice to everyone is if Bitcoin reaches $ 5500 Everyone should sell immediately and wait for Bitcoin to return for $ 5000, because at this point Bitcoin price is expected to reach $ 6,000.

[Norilsk]

Be careful my friends, it is a good time to sell soon.

The price will go down to a fair correction, where you could realize some good profit if you do what is the best here.  Dont be so greedy

[bitcoinmasterlord]

Any theories on what caused the sudden spike in price? Do you think the price will hold over the next few weeks? Any speculations for the future?

Big day for BTC, I remember reading threads in 2015 about how "one day BTC will be over 5k USD"... today's that day

It has something to do with the Oct. 25 fork. But I'm a little bit worried because its still a full two weeks and we are already seeing a significant gains over the past few days. However, this is another milestone made today by bitcoin market. What worries me though is that why it suddenly rises in just 24 hours? We all know that we can get free coins during the fork, but are someone been pumping bitcoin? Well I hope that its sustainable because as I have said we still have 2 full weeks before the implementation so I'm just bracing myself and expect the unexpected. But as a whole, I like what I'm seeing today.  

We have 2 more weeks to sell our bitcoins for a good price after that surely it will come down. So don't miss the opportunity to make a good profit. But i am not sure up to where the price will increase and come down. Last time it reached up to $4900+ and came down to $2k. So this time maybe it will go up to $6k.

[Isaac 666]

Any theories on what caused the sudden spike in price? Do you think the price will hold over the next few weeks? Any speculations for the future?

Big day for BTC, I remember reading threads in 2015 about how "one day BTC will be over 5k USD"... today's that day

Really it is Big day no one at 2009 will think price will be more than 5000$

[Icaxx]

Its simple. Many people want to get another bitcoin while hardfork. So they bought bitcoin and hold it. It makes price getting higher. But its good.

[jolly]

Impressive! 

[carlo.p]

Any theories on what caused the sudden spike in price? Do you think the price will hold over the next few weeks? Any speculations for the future?

Big day for BTC, I remember reading threads in 2015 about how "one day BTC will be over 5k USD"... today's that day

Bitcoin Gold Fork is the main reason for btc's new ATH, People are converting their alts into bitcoin just to get free airdrop when the fork comes. today is a good day for bitcoin holders but not for altcoin holders for the alts price tremendously fall

[jayk88]

6K for a bitcoin will be for end of the year. Next Year will look up to 10K...

Hope it drops down to 4K so i get a chance to buy.. few more news of ban exchanges might be needed to achieve that 

[rajsimran]

Maybe because of Bitcoin fork.Bitcoin holder will receive Bitcoin gold in the time of bitcoin  fork.That's why people buying Bitcoin and Bitcoin price rising.

[diguyo]

Well... It's getting more and more difficult for a beginner like me to get in the bitcoin world...

Not at all, just buy small. You'll measure your success in FIAT profit anyway - turning $200 into $400 dollars is fantastic, regardless of what decimal of bitcoin you own. It's never too late.

[pat4cryptoreal]

It is a big encouragement  to bitcoin holders and a great shame to countries that think by banning bitcoin it will  bring crash to the ideology.  

[greenclub09]

Actually it has reached 5k before and now it has surpassed the old one as long as everyone expects it. Before heading for the fork, it crossed the top and set a new record of value, but I thought it was about to fall back to the 4k2 -4k5 range and then proceed to the fork. I think the appearance of another bitcoin does not reduce the value of the bitcoin but after the fork it will continue to grow until the 10k price is what i expected and hope it will do so