BTC passes $5,000 USD milestone

[elliottflz65]

we made it. Even with China trying to destroy the chances we had this year we've actually made it

[Karpeles]

I guess people are accumulating for the next fork, to get free coins just like last time. Also I think people realized that China didn't exactly banned bitcoin and are buying back. My opinion.

[jekjekman]

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 is all about the people who holds other cryptocurrencies and Altcoins, they converting it now into Bitcoin because there is an aidrop for the incoming Hard Fork of Segwit2x this coming late October so they are just getting ready about that I think, and take the fact also that there are some new investors that taking the ride of the increasing price of Bitcoin.

Bitcoin already reached the all time high when it comes to market cap. and price, I this is only the start as there is more thing that Bitcoin will offer soon that will result for much more increase of it. Let's hope that Bitcoin will reach $100 billion Market Cap by the end of this year.

[Beparanf]

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.

Yup, since the fork last August causes first fud and panic but still become success, few given a free bch so now everyone aiming to jave some bitcoin gold on the fork.

[Jaya912]

If more people buy bitcoin price will getting higher thats the simple theory.
In my opinion, nearly the hardfork more people will hold their bitcoin. It will affect to bitcoin price.

[PepperaOnIt]

This is a big achievement for the bitcoin, i think the bitcoin will stack in this price until the end of this year. And in my opinion, i think this is the best time to sell bitcoins.

[Red-Apple]

there really doesn't need to be any weird reason for this rise. it is the same old uprising trend. more adoption and more money is being poured in bitcoin for many different reasons from people who already knew and held bitcoin and also new people who just found out about bitcoin.

it has been time for the rise. we didn't have any rise for more than a month. and this is long overdue.

[Wall-ET]

This rise was because of the expected fork. I hoped it will be after tomorrow, as that is the day I transfer some of my money in BTC, but apparently I will need to pay high price for it this month.

It is ok, as the future is in front and the price today is irrelevant for the future

Still so disappointed...

[dumplingsandsushi]

It's good to be careful when you buy BTC.  A lot of people are blaming last months price crash on China.  I really don't think the crash had anything to do with China banning ICO's and exchanges at all.  I think it was mostly people aiming for the $5000 mark and selling off their BTC once it hit that, huge investors and whales will use bots to automatically sell off their BTC once it hits a certain mark causing a huge dump and price crash.

Although it's exciting, I think it's good to wait until the next price correction to buy, possibly after the fork or when it gets close to $6000.  Any price under $4000  will be good.  And if you think it won't crash and price correct again in the future then, well, go ahead and buy them up now...

[RamBahadur.Gurung]

The $5,000 mark was an important psychological barrier. The next important one is going to occur at $10,000. And by that time, the market capitalization of Bitcoin will be around $170 billion, which is more than the market cap of many of the major American corporations such as Boeing and Raytheon.

[icobits]

So we break the $5,000 Price, Can we expect $10,000 USD before year ends? or $7,500 is much achievable?

[elliottflz65]

Bitcoin has increased 3x the amount that I saw it at a couple of months ago which means by the end of this year we could be seeing some massive numbers.

[Kprawn]

It is actually very easy to explain.... The Bitcoin price is based on the supply and demand and currently more people are

hoarding coins in anticipation for FREE coins, when Bitcoin forks again later this month. The higher the demand and the

lower the supply, will lead to a increase in the price. Hoarders unite... DO NOT sell your coins to the people who wants a

FREE ride.  

[Freyya08]

At some point it has been expected for bitcoin to reach $5k but i don't think a lot expected it to happen now. Nonetheless, this is a good news for all bitcoin holders. With the upcoming fork, i guess we all have to brace ourselves for whatever will happen but surely, bitcoin will soar.

[jokerlu]

Most likely to stay in the range of $ 5000, many people who bought  4500 $ and did not sell after the down payment to  2900 $ will be very happy. And those who sold lower will be crying

[Omega Weapon]

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

The most likely explanation is that people are getting bitcoin in order to get bitcoin gold as an airdrop, then they are going to sell that altcoin and get even more bitcoin and since another fork is coming after that, the same is going to happen and then we are going to get to the end of the year in which bitcoin has a tendency to go up as well, I will not be surprised if we saw a price of 7k or 8k before the end of the year.

[shimbark123]

This is actually a memorable date for bitcoin. It sets its new ATH or its all time high. This is so good for BTC. I wanted to sell this news, on October 20 there would be a dip. And after that on October 25 new ATH again. That would be the movement of the market of BTC. Good luck!

[Wall-ET]

The $5,000 mark was an important psychological barrier. The next important one is going to occur at $10,000. And by that time, the market capitalization of Bitcoin will be around $170 billion, which is more than the market cap of many of the major American corporations such as Boeing and Raytheon.

I think after the $5k break there will be one other to pass before the $10k milestone and it is $8888 (I know they trying to stop trading in China, but...)


It will be interesting. Will be funny if the $10k mark is hit @ end of this year...

[thisappointed]

This is actually a memorable date for bitcoin. It sets its new ATH or its all time high. This is so good for BTC. I wanted to sell this news, on October 20 there would be a dip. And after that on October 25 new ATH again. That would be the movement of the market of BTC. Good luck!

A memorable date indeed. As per what I've heard bitcoin will this price by the end of the year but never expected it will reach it sooner than the desired date. I know that bitcoin gold is one the reason behind it but  it really is just hard to believe on it.

[VeeraS]

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

maybe. can be down or even will continue to be pumped. this is a matter of time alone, up and down is already commonplace in the world of exchanges. so we should be grateful for the rise to come and be profitable.