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Author Topic: [2017-10-20] Great Day For Bitcoin $6,054  (Read 376 times)
Daniel 666
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October 20, 2017, 06:55:26 PM
 #1

Within the past 24 hours, the price of Bitcoin has surged from $5,600 to $6,054, by over $400 in a single day. Cryptocoinsnews previously reported that the major correction which the cryptocurrency market had endured on October 18 would place Bitcoin at a more favorable position to initiate a new rally.

“The recent correction of Ethereum, Ripple, Bitcoin, and other cryptocurrencies in the market would allow the global cryptocurrency market to stabilize and restructure, building a better platform to rebuild momentum and initiate strong rallies,” Cryptocoinsnews reported.


Source https://www.cryptocoinsnews.com/bitcoin-price-hits-6054-factors-behind-new-time-high/
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October 21, 2017, 01:10:32 AM
 #2

Within the past 24 hours, the price of Bitcoin has surged from $5,600 to $6,054, by over $400 in a single day. Cryptocoinsnews previously reported that the major correction which the cryptocurrency market had endured on October 18 would place Bitcoin at a more favorable position to initiate a new rally. “The recent correction of Ethereum, Ripple, Bitcoin, and other cryptocurrencies in the market would allow the global cryptocurrency market to stabilize and restructure, building a better platform to rebuild momentum and initiate strong rallies,” Cryptocoinsnews reported.
Source https://www.cryptocoinsnews.com/bitcoin-price-hits-6054-factors-behind-new-time-high/

I have been tracking Bitcoin for the past two days and got excited for the coin when there was a big surge yesterday. It officially clobbered the $6,000 mark though there is a little bit of a retreat right now. The thing is that there is indeed a big momentum to really go beyond $6,000. I can still remember last week when it entered into the $5,000 mark and I thought that it would now be easier for Bitcoin to win over the $6,000 as it has already the inertia to do so.

Are we expecting that before the end of October, Bitcoin can already be in the vicinity of $7,000? With Bitcoin, nothing is impossible as the market right now is getting to be excited at the prospect of going beyond the scheduled hard fork. There would always be some corrections, of course, just like in the past but the psychological barrier has been lifted.

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October 21, 2017, 03:37:27 AM
 #3

Everybody waking up today seeing the price is bitcoin jumping about $6000 is very excited. That's why expect the unexpected because we will never know what bitcoin is up to. I'm one of those who have wake up today very much happy. And the price continues to move North as we speak. I'm really hearing the herd and its getting closer and closer and I don't know when will be the next stop. I'm optimistic that as high as $7000 will be achieved in the coming days, specially just a few hours before the fork. Need to stay awake to watch history again on Oct. 25. Its no right time to really buy bitcoin, because the more you waited, your more chances that you will missed that opportunity to make easy money.

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October 21, 2017, 03:05:47 PM
 #4

Bitcoin price suddenly on rally and could reach new ATH over $6130 across global exchanges.
Well, such significant increase only affected by big whales in this case Wall Street investors and traders FOMO, according to this article. Bitcoin development and acceptance always be the major things which influence bitcoin price, encourage people to invest in bitcoin. But the question is; when will they cash out? Whether they just see it as an object to gain profit or really attracted to bitcoin advantages/usability?

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October 22, 2017, 11:04:25 AM
 #5

we will see 7000 before Christmas
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October 22, 2017, 11:16:39 AM
 #6

Bitcoin price suddenly on rally and could reach new ATH over $6130 across global exchanges.
Well, such significant increase only affected by big whales in this case Wall Street investors and traders FOMO, according to this article. Bitcoin development and acceptance always be the major things which influence bitcoin price, encourage people to invest in bitcoin. But the question is; when will they cash out? Whether they just see it as an object to gain profit or really attracted to bitcoin advantages/usability?

Bitcoin's price is not the only objective we should be worried about. We should think about adoption and how many different applications Bitcoin can serve. If that increases, whether or not Wall Street enters bitcoin, the price will continue to increase.

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October 22, 2017, 11:20:33 AM
 #7

Currently back to 5700  Cry

I Hope it consolidates now

                               
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October 22, 2017, 02:28:53 PM
 #8

Bitcoin's price is not the only objective we should be worried about. We should think about adoption and how many different applications Bitcoin can serve. If that increases, whether or not Wall Street enters bitcoin, the price will continue to increase.

It's safe to say that the majority of the people here only care about their own gains, and not even pay a single bit of attention to how Bitcoin (aside from the financial aspect) as tool can be utilized. It's partly a lack of general understanding, and a lack of interest in something that isn't about earning money. It's not for nothing that when the price goes down, certain people get worried about what's going to happen with Bitcoin. For them a higher price means that Bitcoin is the bomb, and if the price goes down, they think that Bitcoin will be surpassed by whatever shitcoin, etc. I have said it before, and I'll say it again -> people adjust their mood and sentiment based on the volatility. It's a sad but hard reality.

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October 22, 2017, 07:23:08 PM
 #9

Bitcoin price suddenly on rally and could reach new ATH over $6130 across global exchanges.
Well, such significant increase only affected by big whales in this case Wall Street investors and traders FOMO, according to this article. Bitcoin development and acceptance always be the major things which influence bitcoin price, encourage people to invest in bitcoin. But the question is; when will they cash out? Whether they just see it as an object to gain profit or really attracted to bitcoin advantages/usability?

Bitcoin's price is not the only objective we should be worried about. We should think about adoption and how many different applications Bitcoin can serve. If that increases, whether or not Wall Street enters bitcoin, the price will continue to increase.
That's right, the new record is not the last one for bitcoin, bitcoin is still just in the beginning of it's history. The worlds acceptance and adoption are playing big role here, cause of banning and admiring bitcoin as illegal can really destroy it.

   
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October 22, 2017, 07:28:21 PM
 #10

Bitcoin price suddenly on rally and could reach new ATH over $6130 across global exchanges.
Well, such significant increase only affected by big whales in this case Wall Street investors and traders FOMO, according to this article. Bitcoin development and acceptance always be the major things which influence bitcoin price, encourage people to invest in bitcoin. But the question is; when will they cash out? Whether they just see it as an object to gain profit or really attracted to bitcoin advantages/usability?

Bitcoin's price is not the only objective we should be worried about. We should think about adoption and how many different applications Bitcoin can serve. If that increases, whether or not Wall Street enters bitcoin, the price will continue to increase.
That's right, the new record is not the last one for bitcoin, bitcoin is still just in the beginning of it's history. The worlds acceptance and adoption are playing big role here, cause of banning and admiring bitcoin as illegal can really destroy it.

nothing can destroy bitcoin as now it has gone past all negativity this corrections are just stepping back to move more high. Banning and admiring bitcoin as illegal are just no more threat to bitcoin, as the real users of bitcoin knows about the technology and its security.

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October 22, 2017, 11:02:05 PM
 #11

With making a mark of $6,054, Bitcoin has created a new Benchmark. Previously everyone was waiting when Bitcoin crosses $5,000 and in the last few days Bitcoin Value is increasing drastically. Market is pumped up with the coming of Bitcoin Gold and price is increasing every hour, but there might be decrease in its value after Hardfork still it is good news after a long time for Bitcoin traders, incidents in the past may have affected the value of Bitcoin but it seems now it is back on track creating heights.

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