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Author Topic: Bitcoin hits $6000. How far will it go until 25th?  (Read 984 times)
Bytem3
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October 20, 2017, 04:27:41 PM
 #1

Investors dropping altcoins for Bitcoin before hardfork on 25th. How high can it go before the hard fork happens? My bet is $7500!

(source: https://coincodex.com/crypto/bitcoin/)


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October 20, 2017, 04:34:22 PM
 #2

I think BTC is growing because of the upcoming fork, but after that it may be corrected a bit and the value of BTC may decrease a bit in my oppinion!
This is a good opportunity also to promote BTC, and show that BTC is a currency that will have a future in the worlds financial system! 
For your question, I bet it can get closer to $6300.
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October 20, 2017, 04:56:33 PM
 #3

I think BTC is growing because of the upcoming fork, but after that it may be corrected a bit and the value of BTC may decrease a bit in my oppinion!
This is a good opportunity also to promote BTC, and show that BTC is a currency that will have a future in the worlds financial system! 
For your question, I bet it can get closer to $6300.
The coming fork is obvious reason of Bitcoin's growth. Maybe on some Asian exchangers it really reached 6000$ point but on this one which I use the price stays under 6000$. I also suppose that during those last days before the fork the price will add 300-500$ and after the fork will come some correcting that may dump the price to 5000$ back.
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October 20, 2017, 05:17:17 PM
 #4

My bet is $7500!
I hope it!  Grin

But I think that BTC will grow up untill 6200$.
After fork it will return around 5700$, but other currencies will be grow up (especially ETH).


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October 20, 2017, 05:21:07 PM
 #5

Bitcoin is now surging and maybe it would continue on its way up partly because the demand is moving up as more and more people are buying Bitcoin in anticipation of the hard fork this coming October 25. After that, many analysts are predicting some slow down especially that we are about to enter the holiday season.

I am more optimistic for next year and I am hoping that we can finally be going into the $10,000 territory as soon as possible. Of course, this is just a projection as we don't have the power to make it so but the market. Whatever can be the final figures, one thing is certain: Bitcoin is here to stay and those who are fighting against it should better do some reconsideration as we have the space for them in the cryptocurrency train going to the moon!
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October 20, 2017, 05:31:59 PM
 #6

4500

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October 20, 2017, 05:39:02 PM
 #7

I think BTC is growing because of the upcoming fork, but after that it may be corrected a bit and the value of BTC may decrease a bit in my oppinion!
This is a good opportunity also to promote BTC, and show that BTC is a currency that will have a future in the worlds financial system! 
For your question, I bet it can get closer to $6300.

I totally agree with you because since the fork of on the 25th is likely certain, because of the notification I got on that from Yobit, everybody wants to get a larger portion of the bonus coming while the people who are holding didn't want to lose out. This then put pressure on the ones in the market by then forcing the price up but after the fork and things normalises we might indeed see a correction but that might not last long considering another upcoming fork on its way in November.
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October 20, 2017, 05:42:31 PM
 #8

Investors dropping altcoins for Bitcoin before hardfork on 25th. How high can it go before the hard fork happens? My bet is $7500!

investors are indeed dumping their altcoin bags for bitcoin but that doesn't affect bitcoin price one bit! you see when you sell an altcoin you directly receive bitcoin the BTC/USD pair does not even come in the middle of this! you simply sell in ALT/BTC pair....

how high? it is really impossible to tell. i didn't even expect anything above $5500 to hold!

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October 20, 2017, 05:47:17 PM
 #9

I do agree that the recent rise has been happened just because of the upcoming fork this month, but I do not agree that it was a healthy rise.

As you can see the volume at most of the exchanges is still lower then usual, which means that it is hard to rely on the rise, I do think that bitcoin price will keep rising as we are getting closer to the fork time./

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October 20, 2017, 06:02:14 PM
 #10

I bet it would reach 6500$, the rate of increase is growing everyday. The upcoming fork results to pumping and a great increase in the price of bitcoin. This is a great milestone again for bitcoin.


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October 20, 2017, 06:04:41 PM
 #11

In my opinion before the hard fork happened it's really hard for Bitcoin price to get over 6k. As all you can see that today Bitcoin is about 6k$ but right after that it downed to under 6k$. I think it'll be the same with the hard fork on 1st August Bitcoin price will be stable before the hard fork but when the hard fork is over Bitcoin price will increase like crazy so I think after the hard fork Bitcoin can reach to at least 8k$ but the highest peak before the hard fork I think only 6k$ or less
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October 20, 2017, 06:04:47 PM
 #12

Investors dropping altcoins for Bitcoin before hardfork on 25th. How high can it go before the hard fork happens? My bet is $7500!

investors are indeed dumping their altcoin bags for bitcoin but that doesn't affect bitcoin price one bit! you see when you sell an altcoin you directly receive bitcoin the BTC/USD pair does not even come in the middle of this! you simply sell in ALT/BTC pair....

how high? it is really impossible to tell. i didn't even expect anything above $5500 to hold!

I think the price hike was due to Yobit announcement that they are ready to for Bitcoin Gold and balances will be added to 24-26 of October.

https://twitter.com/yobitexchange/status/918566256151859200?lang=en

It made investors buy or moved their bitcoins to Yobit in anticipation of free money. Maybe we can go $7000 as we get closer to Oct. 25. Though its really hard to say when this massive run will end. But once thing's for sure. For most of us who just woke up and seeing this news, it will really make our day. I'm really seeing close to $7000 before the actual scheduled fork on the 25th of this month.


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October 20, 2017, 06:05:25 PM
 #13

should hover around 6k then dip/correct back to around 5k
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October 20, 2017, 06:15:03 PM
 #14

The Bitcoin's price is so volatile these recents days like it was for the previous fork in July. You can go to sleep and the next day the value lose 10-15%. The weekend is starting and usually, the price falls a little during those days. It may fail a lot since we are in a fork period. Still 4-5 days left, after this, I am sure we will see a correction and a nice one.

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October 20, 2017, 06:16:46 PM
 #15

Investors dropping altcoins for Bitcoin before hardfork on 25th. How high can it go before the hard fork happens? My bet is $7500!

investors are indeed dumping their altcoin bags for bitcoin but that doesn't affect bitcoin price one bit! you see when you sell an altcoin you directly receive bitcoin the BTC/USD pair does not even come in the middle of this! you simply sell in ALT/BTC pair....

how high? it is really impossible to tell. i didn't even expect anything above $5500 to hold!

I think the price hike was due to Yobit announcement that they are ready to for Bitcoin Gold and balances will be added to 24-26 of October.

https://twitter.com/yobitexchange/status/918566256151859200?lang=en

It made investors buy or moved their bitcoins to Yobit in anticipation of free money. Maybe we can go $7000 as we get closer to Oct. 25. Though its really hard to say when this massive run will end. But once thing's for sure. For most of us who just woke up and seeing this news, it will really make our day. I'm really seeing close to $7000 before the actual scheduled fork on the 25th of this month.

Yobit is too small and too shady for anyone to pay any attention to. and i seriously doubt that they can cause anything in the big market of bitcoin and lead to a rise!!!

with that sadi, looking at the link the timestampt of the Tweet says 12 Oct 2017 which is about 8 days ago. and checking the charts it seems like price started rising exactly when this tweet was released on 12 Oct.!

#weird

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danherbias07
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October 20, 2017, 06:16:54 PM
 #16

Well what could you do they want free coins and free money.
Not all of us have the same view as them so I guess it will be controlled by that.
I would rather take the profit from the increase in bitcoin price than sacrifice all of it in the coming fork.


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October 20, 2017, 06:21:29 PM
 #17

i think Bitcoin Price Likely will down to 5500 after 25th octobere one or two week and after that have the possibility  to go to the moon maybe 6500 or 7000 usd in november  .



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HasHe
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October 20, 2017, 06:24:27 PM
 #18

Definitely,people starting to buy more bitcoins to get some free coins during hard fork is also a reason for bitcoin's price rise.Just,this pump in the price may continue until october 25th.People have nowadays started to await for frequent bitcoin hard forks expecting some free air drops.Now,its price is $6,108.It would not be a surprise if its price crosses $6,500 in the next three days.

Altcoins may face a drop in price due to such activities of people dropping altcoins for some free air drops in bitcoin.But the situation would be entirely different when segwit 2x activation takes place in the very next month.
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October 20, 2017, 06:26:06 PM
 #19

Really surprised to see bitcoin hit 6k mark, i think it's bit too fast. Well, lets see if 6k mark can hold few more weeks, which i have doubt.
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October 20, 2017, 06:29:04 PM
 #20

On the 25-th October the price of one bitcoin will be  between 6100 and 6250. This is good news, it is probable to go up until 9000. Let us say that this is possible in December, if it continues as this, the price next year could be 12000-15000. It is also possible that a new appreciation of the bitcoin price happens in 2019. I would not be surprised to have a 50000-100000 bitcoin in 2020.    
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