Is this a new record?

[batang_bitcoin]

Whether it is a new record or not what matters is it's very amazing to see the pump quickly. This makes me proud about bitcoin because after all of those dips and challenges that it experienced I'm now too confident that if something the same will happen again, it doesn't matter anymore because it can simply pump again.

This thread will seem funny after a few months when we see 1000s of dollars increase in a few hours.

You made me remember those words, haha yes it's true that it was funny to think about it right now.

[Vansire]

If there are indeed people who can afford trading with 100k BTC and more, and they are successfully destroying stop losses and profiting from that, then volatility could continue to go on more severely until we're sick of it.

They aren't ordinary people of course , they are institutions like JPMorgan.

[d5000]

The biggest daily recovery - percentage-wise - I remember was about 150% (measured from the lowest point) on April 12, 2013. Just 2 days after the big crash from $266 to $120, the price went down from about $80 to about $45 and then up to $120 in one single day! You can see the timeframe here:

https://bitcoincharts.com/charts/bitstampUSD#rg60zczsg2013-04-12zeg2013-04-13ztgSzm1g10zm2g25zv

Maybe the 2011 bubble had similar movements, but THAT was epic. It would be equivalent of a dip down to $2000-2500 and back to the current level in 24 hours

[jtipt]

This thread will seem funny after a few months when we see 1000s of dollars increase in a few hours.

Yeah relatively speaking when bitcoin was under $1000 even $50 change was considered drastic. Now if there is a $50 change, it's just normal no one even bats an eye. Similarly after few months when price would be in $10k+, a few hundred dollar change would be just considered normal.

[8270thNinja]

24 hour recovery of $633,6: holy shit.

It went down just as fast before it went up. I like to call it "cascading stop losses" being triggered. Apparently many people set stop-losses on exchanges: the moment the price drops for example 5, 10 or 15%, they sell. When they sell, the price drops further, triggering the next stop-loss. This can make the price drop very quickly, followed by manual panic sells.
The moment they realize it's just a temporary dump, they buy back and the price shoots up again. In the end the whales have more dollars and more Bitcoins. Newbies in crypto who bought high, still sell low the next day when they panic when the price drops.
It's all part of the game of manipulation.

The drop and recovery was just over 10%, that's not that much compared to what happened to Bitcoin earlier.

Agreed to this, It will always be a part of the game manipulation. we still cannot set aside other bitcoiners who have weak hands who always been panicking with this kind of events price drops and FUD.

[Almat]

This thread will seem funny after a few months when we see 1000s of dollars increase in a few hours.

Yeah relatively speaking when bitcoin was under $1000 even $50 change was considered drastic. Now if there is a $50 change, it's just normal no one even bats an eye. Similarly after few months when price would be in $10k+, a few hundred dollar change would be just considered normal.

Heck, even hundred dollar changes matter anymore today. I guess people just became used to Bitcoin's volatile nature. There's going to be a lot of FUD again if we drop below $5k though.

[Capazoolo]

price will keep rise and down in rang of 1,000$ between 5,000 and 6,000 next months like what happen in 3,000$ rang and 4,000$ by the end of this year may be rich to 6,000$

[paul gatt]

Bitcoin price in 2017-10-18: $5101.4

Bitcoin price in 2017-10-19: $5735

24 hour recovery of $633,6: holy shit. Have we ever seen such a recovery before? The recovery of the chinese ban was pretty epic itself but I think it was not as quick in 24 hours, and im not sure if it's even been 24 hours yet since the dip, we'll see at what price do we finish today but that was nuts.

Can not say anything more with breakthrough growth of bitcoin when it goes up to $ 58xx, everyone seems unexpected. And they were more surprised when bitcoin went down horribly, many panicked and sold off bitcoin. But they were wrong, bitcoin is a very strong currency, and of course, it will recover quickly.

[YuginKadoya]

Bitcoin price in 2017-10-18: $5101.4

Bitcoin price in 2017-10-19: $5735

24 hour recovery of $633,6: holy shit. Have we ever seen such a recovery before? The recovery of the chinese ban was pretty epic itself but I think it was not as quick in 24 hours, and im not sure if it's even been 24 hours yet since the dip, we'll see at what price do we finish today but that was nuts.

Can not say anything more with breakthrough growth of bitcoin when it goes up to $ 58xx, everyone seems unexpected. And they were more surprised when bitcoin went down horribly, many panicked and sold off bitcoin. But they were wrong, bitcoin is a very strong currency, and of course, it will recover quickly.

That is an All time high for bitcoin right now and I think we can proceed in a bigger amount right now because at this time the price is proceeding again in the $5800 and as of now the value is at $5700 mark value, I think we can make it this time to the $6000 mark value.

[Maingtoled1958]

Bitcoin price in 2017-10-18: $5101.4

Bitcoin price in 2017-10-19: $5735

24 hour recovery of $633,6: holy shit. Have we ever seen such a recovery before? The recovery of the chinese ban was pretty epic itself but I think it was not as quick in 24 hours, and im not sure if it's even been 24 hours yet since the dip, we'll see at what price do we finish today but that was nuts.

New record is 2017-10-20  $6.039 

[Granxis]

The new record may be at $ 6100, but the price of the bitcoin is now down(5,973.6), but we can see new records in the days ahead.

[malikusama]

Bitcoin price in 2017-10-18: $5101.4

Bitcoin price in 2017-10-19: $5735

24 hour recovery of $633,6: holy shit. Have we ever seen such a recovery before? The recovery of the chinese ban was pretty epic itself but I think it was not as quick in 24 hours, and im not sure if it's even been 24 hours yet since the dip, we'll see at what price do we finish today but that was nuts.

That's why bitcoin is unpredictable, we never know what could happen tomorrow. This shows that bitcoin has become much more stronger to deal with the dips. We have never seen these type of quick recoveries in the past years because the the community wasn't so strong at that time as it is now. Well I expect more quick recoveries like this in future as the community is becoming more stronger and better than before.

[suvo05]

Bitcoin price in 2017-10-18: $5101.4

Bitcoin price in 2017-10-19: $5735

24 hour recovery of $633,6: holy shit. Have we ever seen such a recovery before? The recovery of the chinese ban was pretty epic itself but I think it was not as quick in 24 hours, and im not sure if it's even been 24 hours yet since the dip, we'll see at what price do we finish today but that was nuts.

Bitcoin is creating new records everyday . Today it touches 6085$. The next target is now 7000$. Looks like btc will easily reach to 10k$ within six months.

[Shamie1002]

Agree, this whole year was a great time for bitcoin. More or less $3k dollars pump in general. Grateful that I have joined before it even started.  Forks even contributed to the increase in prices. One crash has a big bounce back. Also with the continuous promotion of its use there is no doubt that bitcoin can grow more than what we already have now.

[marcuslong]

Bitcoin price in 2017-10-18: $5101.4

Bitcoin price in 2017-10-19: $5735

24 hour recovery of $633,6: holy shit. Have we ever seen such a recovery before? The recovery of the chinese ban was pretty epic itself but I think it was not as quick in 24 hours, and im not sure if it's even been 24 hours yet since the dip, we'll see at what price do we finish today but that was nuts.

And that will be increase soon yes it is a record and still recording the newest price of bitcoin the demand of bitcoin will be increase soo soon since the some trading exchange in china will be back their operation but not sure about this because i read the one of the biggest trading site where they will back at work.

[Question123]

Bitcoin again hit new record because today is already 6050 dollars plus and I think it will continue to increaae more in the future. This year 2017 the highest price or the history of bitcoin and I hope next year it will level up and bit again the new record and I hope the price will increase more so we can make more money. Buy more bitcoin with your extra money.

[Izarok]

Bitcoin price in 2017-10-18: $5101.4

Bitcoin price in 2017-10-19: $5735

24 hour recovery of $633,6: holy shit. Have we ever seen such a recovery before? The recovery of the chinese ban was pretty epic itself but I think it was not as quick in 24 hours, and im not sure if it's even been 24 hours yet since the dip, we'll see at what price do we finish today but that was nuts.

That was really quick! Bitcoin will set a new all time high in pricing due to China's return to the market. A crazy wild recovery followed by a promising new all time high. Hype is real!

[jekjekman]

Bitcoin price in 2017-10-18: $5101.4

Bitcoin price in 2017-10-19: $5735

24 hour recovery of $633,6: holy shit. Have we ever seen such a recovery before? The recovery of the chinese ban was pretty epic itself but I think it was not as quick in 24 hours, and im not sure if it's even been 24 hours yet since the dip, we'll see at what price do we finish today but that was nuts.

That was really quick! Bitcoin will set a new all time high in pricing due to China's return to the market. A crazy wild recovery followed by a promising new all time high. Hype is real!

Once China joined the market again it will be the opposite. Imagine how many coins Chinese
has that was not in the market for the past days when BTC hit this amount.

If China joined the market again expect for a drop on the price for $500-$1000 before the market recover.
Read on another thread that the news about China's lifting the ban is just a hearsay.

[avp2306]

Bitcoin price in 2017-10-18: $5101.4

Bitcoin price in 2017-10-19: $5735

24 hour recovery of $633,6: holy shit. Have we ever seen such a recovery before? The recovery of the chinese ban was pretty epic itself but I think it was not as quick in 24 hours, and im not sure if it's even been 24 hours yet since the dip, we'll see at what price do we finish today but that was nuts.

That was really quick! Bitcoin will set a new all time high in pricing due to China's return to the market. A crazy wild recovery followed by a promising new all time high. Hype is real!

China's participation is not the major cause of the new record set by the bitcoins since I really think and can point out that the fork and the hype of BTG is the main cause on why we can see some nice price stretch happening by that time. But maybe the china's presence will occur on next following days since the bitcoins are now having a good rally.

[Ararbermas]

In my experience this scenario is the highest bitcoin new record.  And i am very happy that bitcoin again surge now adays maybe it will surpass again in 6000k.  Lets just wait cause i know that everyone here in crypto world had a doubt also that the bitcoin big wave is not over. And There prediction is on this coming November it will rocketed again.  I think maybe theres possibility cause bitcoin now adays keep climbing.