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Author Topic: Bitcoin Breaks $6,000 Barrier, Market Cap Now Exceeds $100 Billion  (Read 266 times)
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October 20, 2017, 09:39:51 PM
 #1

https://cointelegraph.com/news/bitcoin-breaks-6000-barrier-market-cap-now-exceeds-100-billion

Where's the next stop?

Nothing seems to stop Bitcoin.  Not China.  Not Jamie Dimon.  Nothing.

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October 20, 2017, 10:18:59 PM
 #2

Yes bitcoin looks unstoppable right now, it is amazing the way that it has been rising so fast in the last few days.
are we going to see the price at $7000 before the end of the year? nobody knows yet, the hard fork needs to happen asap so we can make our own speculations about the price and how it will be during the next days or weeks.
But i have been thinking about it and we need to face a dump before we can see another rise, it just needs to happen as soon as possible.


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October 20, 2017, 10:49:19 PM
 #3

It is amazing the way that bitcoin is growing everyday! I can not realize that we are standing on a huge bullish trend and it is incredible, maybe we can see it growing upto $6500 before the fork? i am waiting until it happens so i can sell some of my bitcoins because i need some physical money as soon as possible.
What do you expect from the fork guys? honestly, i think that the price will go up towards $6500.



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October 20, 2017, 11:02:34 PM
 #4

https://cointelegraph.com/news/bitcoin-breaks-6000-barrier-market-cap-now-exceeds-100-billion

Where's the next stop?

Nothing seems to stop Bitcoin.  Not China.  Not Jamie Dimon.  Nothing.
Probably the next target bitcoin price will reach would be at least 6500$ if the upward trend continues for some time. If the reverse happens, the next stop for btc price in case it retracts will be sitting at 5800$-5500$. Bitcoin has been in an upward trend for a prolonged period of time now, for sure btc winter will comebut that wont stop btc, it would only make the price drop temporarily. Even if that is the case, buying bitcoins now is not bad but isn't the best choice.
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October 20, 2017, 11:10:56 PM
 #5

https://cointelegraph.com/news/bitcoin-breaks-6000-barrier-market-cap-now-exceeds-100-billion

Where's the next stop?

Nothing seems to stop Bitcoin.  Not China.  Not Jamie Dimon.  Nothing.
Probably the next target bitcoin price will reach would be at least 6500$ if the upward trend continues for some time.
I think the price will play around $6000 to $6500 before the fork will end..
For now as i seen in the market looks like after there are huge buy happen from the fast few hours ago there are lots of traders and holders are selling their bitcoin.. so i think it would be hard to see the price could be stay at level $6,000 above. because this is their first goal to hit this value.. and sell to get benefits..
So i think the price $6k above can be stay long in december or nearly end of november..


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October 21, 2017, 06:26:01 PM
 #6

https://cointelegraph.com/news/bitcoin-breaks-6000-barrier-market-cap-now-exceeds-100-billion

Where's the next stop?

Nothing seems to stop Bitcoin.  Not China.  Not Jamie Dimon.  Nothing.

There is no stop. Bitcoin seems to be unstoppable. And Jamie Dimon is over-rated. He may be the CEO of the world's largest bank, but his thoughts don't have an impact on the decisions of the masses. People decide that bitcoins are valuable, not JP Morgan's models.

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October 21, 2017, 10:00:28 PM
 #7

https://cointelegraph.com/news/bitcoin-breaks-6000-barrier-market-cap-now-exceeds-100-billion

Where's the next stop?

Nothing seems to stop Bitcoin.  Not China.  Not Jamie Dimon.  Nothing.
There's going to be a correction next week, i'm almost sure of that, and that could be the stopping point for the crazyness that we've seen this week. After that, the $6,000 barrier will most likely dissapear after a few weeks, and we're going to enter the $6,000 and $6,500 barrier in November.

Although, we should be grateful to China and Jamie Dimon, not only did they made the cryptotocurrency community stronger but seems to me like both played a big factor in the speculation game these past couple of months which actually helped the growth of bitcoin.

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October 21, 2017, 10:11:56 PM
 #8

Nothing seems to stop Bitcoin.  Not China.  Not Jamie Dimon.  Nothing.
Never say never. There is nothing like too big to fall. Bitcoin investors can be easily manipulated by negative news.
Weak hands might sell all BTC if they would listen enough bullshit of official mass media propaganda that Bitcoin is doomed in the long run because it is just a 'fraud' as Dimon said.

In case you haven't seen it already, I want to share this link: https://www.tradingview.com/chart/BTCUSD/mrjv73yr-Bitcoin/
It is really interesting price prediction/analysis - we should reach $7k soon.


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October 21, 2017, 10:49:55 PM
 #9

We are very close to $6500 at the moment, we saw $6000 yesterday and we are over it at the moment, it is scaring because nobody knows where bitcoin will stop its rally and start going down again, because it really needs to happen to give the opportunity for those who didnt buy at the beggining of this rally.
Maybe it would not stop for now, but we need a little dip, because it does not make any sense at all to see bitcoin always bullish.

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October 21, 2017, 11:18:26 PM
 #10

While I love to see China lose its significance in people's minds, I think China is still something we can't so easily discard, in terms of being a potential threat. People for some reason can't seem to distance themselves from China. That being said, as long as Chinese exchanges remain offline, we shouldn't see anything coming from there to jump in and once again cause the market to plummet. Other than that, I think for now it's quite a decent moment to cash out some profits -- I bought the dip not that long ago, and I'm like 95% up on that trade, which is why I sold today. Being greedy is not my thing.

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October 21, 2017, 11:40:04 PM
 #11

https://cointelegraph.com/news/bitcoin-breaks-6000-barrier-market-cap-now-exceeds-100-billion

Where's the next stop?

Nothing seems to stop Bitcoin.  Not China.  Not Jamie Dimon.  Nothing.
Probably bitcoin's next stop is 5500$, there is a chance that price wont rise more than this. If price have risen again, maybe 6500$ is the new stop. Bitcoin really can't be stopped by China since it has proven in the past that whenever Chinese tries to bring price down, it goes back up again no matter what. Jamie Dimon cannot stop bitcoin too, he is just a well known FUD maker after all. If there is one thing that can stop bitcoin, I can say it is the users who uses it now and bitcoin will stop when we lose interest in it which is very unlikely.

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Ice Rock Mining- The Most Profitable Mining


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October 22, 2017, 07:30:36 AM
 #12

Nothing seems to stop Bitcoin.  Not China.  Not Jamie Dimon.  Nothing.

never say never.
it is true that the ones you said can not stop bitcoin but the users themselves can. the panic sellers have always been the pain in the ass of the market for years. as you can see today they crashed the price down to $5700 in a couple of hours and price is now still below the $6000 mark.

in long term none of them would matter though. these short term dumps are good for buying cheaper coins.



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Ice Rock Mining- The Most Profitable Mining


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October 22, 2017, 07:43:08 AM
 #13

It has just indeed broken the $100 billion market cap barrier a couple days back.

However now things are just cooling down a bit and people are giving a reality check to bitcoin. This sort of profits can't last forever and a correction had to come sooner or later, and it is better to come sooner in my opinion.

After this correction, we could see market cap of bitcoin alone soar to around $120 bil or more.



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