BTC passes $5,000 USD milestone

[QuestionAuthority]

Miso soup, tsukemono and shrimp teriyaki are all valued in just bitcoin now. You want teriyaki, you gotta have bitcoin.

[fiulpro]

Well yes its a good news that the rate of bitcoins have increased, what I feel the possible reasons are :-

1. Due to the upcoming bitcoin fork in november, many people are investing in Bitcoins because they know the price of bitcoins is gonna shoot after the fork.

2. Some people are investing to buy bitcoins gold ^ well bitcoin cash isn't that popular in many countries but maybe this gold option is attracting many investors

3. Bitcoins are now recovering from the China ban .. and I think they have fully recovered now , with new possibilities offcourse.

4. Bitcoins are now legalized in many countries and countries like japan has put them to use like a regular currency thus...the price... Hike is seen.

[arnux]

Next milestone 10,000 which I think will be sooner than some people think.....maybe with in a year?

[crismass1225]

not surprise about the price of bitcoin right now as I believe it will reach $5000 USD by this year

-People are holding Bitcoin right now because of the 2 fork that will happen this october 25 that will bring the birth of Bitcoin Gold (BTG/BCG) and in november. which people are expecting to have Free coin after that. But there are no further announcement if they will give a free coin.

-as bitcoin will reach $5000 USD I believe that this phenomena will not stay for long. So you and we should watch over the market.  

[aoluain]

Great milestone to be crossing, this a primarily due
To the upcoming fork, everyone wants a slice of the
Action so a lot of funds flooding in.

None the less its all good and should be making headlines

[Vaflia]

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 it's clear that this surge in prices has caused the upcoming hard fork. Many people buy btc in order to get more bitcoin gold. After a fork we go back to the$ 3000 IMHO.

[tulio]

I think we can separate into two main groups of people:

1) Those aware of the upcoming fork preparing to hold and get as much Bitcoin Gold they can;
2) Those that noticed the rising through media coverage willing to get involved as soon as possible to make some profit. For example, few moments CNN was covering the BTC rise. Similarly, many other mainstream media are also covering...

I'm not saying they are the only ones contributing to the rising. Although, they seem to be the main value influencers.

[jonruhoax]

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 don't know what triggers an increase in the value of bitcoin prices. but we should give appreciation for this very big thing. I want my bitcoin to be stable and not to experience any decrease. although all that is uncertain.

[Lieldoryn]

Why $ 5,000 this is a new milestone? This year, one day that price has been. This is actually a return to the price which was in August. If the trend remains the same we will see what the price will be higher. The main catch to sell bitcoin before, in November, the price will begin to decline. Now we will enjoy daily records.

[Thejesusofcrypto]

Last chance to get on board. Everyone should be holding at least 1!!

[ninabobo]

I am very happy. and I believe the future of bitcoin will remain and always be. not just for weeks but this will last or maybe be pumped again. let's see what happens next.

[FrueGreads]

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 this is the result of the community maturing and bitcoin surpassing all difficulties it has faced so far, and showing to future investors that buying bitcoins is actually a good move. There is of course the approach of bgold. Probably a lot of bitcoin users are trying to get as much bgold as possible. After all it's a free coin, so it's risk free money they can grab.

[thanthan]

I think once the price remains comfortably above 5K for a day or 2, it will be an easy take of from there again.

[djablom1]

I already knew that this would happen i even think that bitcoin can rise to $10k easily because of the demand for bitcoin is rising now more and more people are becoming aware of bitcoin.

[Sasuke102001]

Yea surely it is big  day for Bitcoin today Bitcoin crossed 5000 dollar milestone. Previously I read so many posts saying one day bitcoin would reach 5000 dollars and at last the day comes when bitcoin reaches the milestone of 5000 dollars.

[Zadicar]

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 indeed the new ATH now which is really great to see that bitcoin did able to break that 5k usd barrier but i would say it wont really hold up for too long because the price have just been hyped up because on the upcoming fork which most people do buy more bitcoin for the hopes of getting a free bitcoingold.

[RGBKey]

I think we can separate into two main groups of people:

1) Those aware of the upcoming fork preparing to hold and get as much Bitcoin Gold they can;
2) Those that noticed the rising through media coverage willing to get involved as soon as possible to make some profit. For example, few moments CNN was covering the BTC rise. Similarly, many other mainstream media are also covering...

I'm not saying they are the only ones contributing to the rising. Although, they seem to be the main value influencers.

I think you overestimate the amount of people that care about Bitcoin Gold. I hadn't even heard about it until a few days ago. There's too many forks and altcoins going on, one more isn't going to be noticed by many people.

[jak3]

I have absolutely no idea about it I have not seen the bitcoin price for a long time. The last time I remember it was on 3000$ and now this. Well, I should be proud because when bitcoin was at 3000$ and people asked me what should they buy bitcoins I have clearly told them to do so because I believe that bitcoin price will always go up. and even if the price went down I know it will increase soon.

[wishingwell]

It could be a lot to do with the upcoming Bitcoin Gold Fork and the Additional fork in November. Its also been edging this way for a while and it was inevitable in any case. Keep it coming.

[Barcode_]

It seems there are many people buying bitcoin at the moment, and this action pushes the bitcoin price to another record high, one of the reason might be because of the upcoming hard fork that will gives every bitcoin owner free bitcoin gold. It is a good deal since everyone will be getting free money by owning bitcoins in their cold wallet.