5500 Dollar Bubble or fork effect?

[MforMike]

no, I don't think this is just a bubble because people are actually taking big steps with bitcoin and as it is increasing its price day by day people are really understanding its good side. but I am afraid there are still 70% users in bitcoin who do not know about the dark side of the internet and how much bitcoin is being used there daily.

It's deffinetely bubble. Governments are taking steps toward to btc, and there are lots of news from all over the world not only internet but also in media too more than ever. So they are creating this bubble for bitcoin, even people with no idea what bitcoin is up until yesterday asking me about bitcoins and what most of them says like "Hey I heard about bitcoin, they say you can make money out of it, do you think if I invest some I can earn to?". And when I ask simple questions to them about did you ever searched what bitcoin is, how does it work and etc. they have no answer, they are just coming with hearsay information. Also you know what, there a lot of them buying bitcoins without knowing what it is just for earning easy money and when the market shakes a little, they are dropping like leaves of the tree in the autumn. As for the bitcoin gold, its totaly scam fork which is premined and coming to market for the sole purpose of making free money to its developers and people actually falling for that. It's such a sad thing.

for more info about bitcoin gold scam:
https://www.reddit.com/r/CryptoCurrency/comments/757jf4/here_is_why_bitcoingold_is_shady_and_a_scam_you/

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[Lanatsa]

In this year we can see many boubble on bitcoin price..this time Bitcoin rise more then 5500 dollar the last week and the Bitcoin value rise like never before... The incoming fork look like is good for ethereum too.. What You think peaple is a boubble or the incoming fork rise all market, or the Bitcoin market is bigger then Goldman Sack for real and we can talk about new economy?

For me its obvious that this thing on sudden increase on price on bitcoin is really due to upcoming fork event.If we do try to look on the situation back in the past where theres no fork the price do somehow stabilizes but i would say that bitcoin is really capable on reaching $5000 and yet we are not on a bubble but somehow i do believe that price corrections would really happen after this event.

[laurenB7742]

Fork or not, this raise is not a bubble. Bitcoin pass 6K soon and reach 10K at the end of this year. Etheeeum will also benefit, but most altcoins will suffer severe losses.

10k is too optimistic. I bet you wasn't that brave with predictions few week ago. Don't forget, when China situation happened, the price crashed to around 3200 USD. So it's impossible to say that nothing similar will happen until new year. I'm not saying the price will halve but there will be some bad news which will stop the growth.
Also I think altcoins and ICO tokens backed by good projects will recover in November.

[Avity]

I think many people are already talking about and living in a new economy, and I think that's why we are all on here talking to figure out how to join that economy.  

As for the price of bitcoin, I think it is due to many things, including China back-peddling on crypto, rumors of large retailers accepting bitcoin and most people want to get their bitcoin now to get some of the gold around the corner.  News is swarming with governments and businesses talking about bit[Suspicious link removed]d or bad news... it will all be good in the long run for bitcoin.

[ChuckBuck]

In this year we can see many boubble on bitcoin price..this time Bitcoin rise more then 5500 dollar the last week and the Bitcoin value rise like never before... The incoming fork look like is good for ethereum too.. What You think peaple is a boubble or the incoming fork rise all market, or the Bitcoin market is bigger then Goldman Sack for real and we can talk about new economy?

Indeed, 2017 is indeed a successful year for bitcoin. There is too much success for this coin. Too much change in the positive direction. It can be said that bitcoin is at the golden stage of development. a really great coin.

[mysacrifice]

it appears to me that bitcoin is under fork effect that will happen in November. I'd expect it keeps on rising till the fork and then come back little.

[elliottflz65]

Both? its obviously due to the hard fork that the price has risen to its highest ever but its a bubble at the same time due to after the fork theres going to be a lot of people selling their coins for bitcoin gold

[bncbnc]

In this year we can see many boubble on bitcoin price..this time Bitcoin rise more then 5500 dollar the last week and the Bitcoin value rise like never before... The incoming fork look like is good for ethereum too.. What You think peaple is a boubble or the incoming fork rise all market, or the Bitcoin market is bigger then Goldman Sack for real and we can talk about new economy?

Indeed, 2017 is indeed a successful year for bitcoin. There is too much success for this coin. Too much change in the positive direction. It can be said that bitcoin is at the golden stage of development. a really great coin.

We can hope that this trend will even continue in 2018. Because still people are to much confident about bitcoin and they are expecting to see bitcoin price trading above 8000$, In fact the bitcoin users are still increasing which is increasing the demand of bitcoin and their we are also expecting about the price of bitcoin to increase more and more.

[glowing10]

It is the upcoming fork thats making the price shoot like crazy.

People want those free Bitcoin Golds. I expect to see a crash right after the fork though.

This may be true that Btc is being purchased so that they may get the free coins of gold . But that Btc gold may mt have the good value or may fall after it is created . But it think Btc price will rise high only leis last time fork event had happened .