BTC passes $5,000 USD milestone

[albert11]

Bitcoins have already passed the 5,000 $ theory but it's just a hyip. Because people are buying bitcoins to have this free BTG (Bitcoin Gold). And once hardfork is over, I'm sure that the bitcoins will fall and return again at a price of 4,500 to 4,800 $. Before it was raised naturally. So get ready for panic selling after hardfork

[waynechong1995]

Bad thing for now, people are holding it for another fork and it causes alts to crash which is not good for most of the investor, portfolios are shrinking despite of BTC grow these days.

When the price is right, market cap would drop certainly, FUD would spread and history repeats again, optimisticly BTC could growth around $7000 at least if the bullish trend continues...

[Rana590]

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

I think also it. At the time of bitcoin fork, bitcoin price will decrease. But it will not stay many more day. After fork bitcoin will run rapidly and it will reach a high value price. Supply of bitcoin is a great factor in this case to up down price of bitcoin.

[brascopck]

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

Yes i very happy to this price of bitcoin. I always used to think bitcoin price when will over 5k USD. Really i am very exciting to this price. I think bitcoin price also increase next week. When it's price (10k-13k) USD i buy a house.

Lmao, 10k-13k USD for 1 bitcoin ? That is huge dude and I don't even think it will reach $10k in the next year. But i'm still happy for today, the price of bitcoin finally surpass $5,000 right now, actually I also don't know why the bitcoin price suddenly increase so high though.

[asus09]

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

I think bitcoin has shown stability compared to other crypto. but none of that will ever know what will happen. but I think the bitcoin will be pumped back by the end of this year.

[amandaETG]

Good to see bitcoin pass the old support 4970$ , it's the time to rich 5500$
happy trading

[matuson]

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

Yes i very happy to this price of bitcoin. I always used to think bitcoin price when will over 5k USD. Really i am very exciting to this price. I think bitcoin price also increase next week. When it's price (10k-13k) USD i buy a house.

Lmao, 10k-13k USD for 1 bitcoin ? That is huge dude and I don't even think it will reach $10k in the next year. But i'm still happy for today, the price of bitcoin finally surpass $5,000 right now, actually I also don't know why the bitcoin price suddenly increase so high though.

What's so complicated? Been waiting all. This is only the beginning of the climb. The price will rise at least to the fork. Too many expectations from this process. We all remember the first leap this year and hope for the same behavior bitcoin now. I am very afraid that after the lift will be a great fall. Be careful.

[adi@tunde]

Bitcoin has been gaining more acceptance among the financial institutions.

[djsugar]

This hike was expected as we are heading towards Gold fork. Just like BCH free coins, people want BTG coins and thus increasing their Bitcoin holdings which resulted into increase in buying activity which increased demand and which in turn increased price. I think bullish trend will continue till 25th oct and after that there might be minor correction.

[endlasuresh]

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

So you had an alternative account? as per your post I don't have any Bitcoins in my wallet, but those who were having money will be in rich position.

[Frank0209]

I think it's really hard to keep Bitcoin price stay around 5k$ in next few week cause as everyone knows that the hard fork is coming I don't really know it will happen in the end of this month or in next month but I think that the hard fork will affect a lot to Bitcoin price but don't really know it'll dump or pump the price of Bitcoin. I hope that it'll be the same with the hard fork on 1st August when Bitcoin price got over 4k$ right after the hard fork.

[Sadnu]

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 great news because in the very first time the bitcoins have already reached nearly $ 5,500 and really many traders have earned big money here. But do not rejoice because I think this is a HYIP. Because we know now that there will be a 2nd HardFork and maybe those who want to get free BTG (Bitcoin Gold). So we expect that after the hardfork will again fall into the price of bitcoins.

[sarannah]

Quite possibly due to the two upcoming forks in the future. People thinking that they're getting "free money". Possibly people who missed the free bitcoincash months ago.

If i have Bitcoins in Poloniex, Cryptopia, Localbitcoins and Ledger Nano S, do i get free Bitcoin Gold in all these Bitcoins?

[hilarypolar]

In my opinion, right now is a hype. Lats time people got scared about the fork and in the end it was a success, So they just want to buy BTC so they can get another coin for free. Although i think it might crash again in the future, but not below 4.000usd. I could be wrong as well, with BTC you never know 

[Wall-ET]

Quite possibly due to the two upcoming forks in the future. People thinking that they're getting "free money". Possibly people who missed the free bitcoincash months ago.

If i have Bitcoins in Poloniex, Cryptopia, Localbitcoins and Ledger Nano S, do i get free Bitcoin Gold in all these Bitcoins?

For the exchanges I have experience with Cryptopia and BTC-e they both supported the |BCH, so I got it there.
The Hard wallets will work, the question is how you will access them (as you will need to expose the private key...) but at least you will be able to get them one day only you and no one else.

[iron talon]

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 great news because in the very first time the bitcoins have already reached nearly $ 5,500 and really many traders have earned big money here. But do not rejoice because I think this is a HYIP. Because we know now that there will be a 2nd HardFork and maybe those who want to get free BTG (Bitcoin Gold). So we expect that after the hardfork will again fall into the price of bitcoins.

HYIP? For bitcoin? Oh my godness, if it's a hyip, what are you doing her in this forum? I really wondered this.

For such digital economic asset, you shouldn't say ponzi or HYIP. If you say so, you have to detail this very much!

[jackhdt]

I think Bitcoin prices will continue to rise until before 25/10 because most people's opinions Bitcoin prices rise because of the upcoming fork. they want to get free bitcoin gold

[kshea1241]

One thing nobody has mentioned- which was interesting to me (to say the least) the BTC price jumped up over $200 in less than 30 minutes... must be a large player making trades?

[RGBKey]

One thing nobody has mentioned- which was interesting to me (to say the least) the BTC price jumped up over $200 in less than 30 minutes... must be a large player making trades?

It's just part of the trading cycle. People see the price shooting up, and they rush to get onboard. Wherever it hits it's highest point, it probably won't stay there for long. That's just how the market works.

[xBitHodler]

I was quite sure it would happen by the end of the year. Now I'm curious about Bitcoin Gold and Bitcoin Segwit2X value. I think that Segwit2X will end like Bitcoin Cash. Some people will try to force using it (Bitmain accepts only BCH payments) or it will be forgotten. It's hard to predict what will be the price of Bitcoin in the next year.