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Author Topic: Bitcoin back above $6k  (Read 1133 times)
Goosebump (OP)
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October 31, 2017, 05:14:38 PM
 #1

So bitcoin recently busted through the $6,000 mark once again. ( currently at $6,350 )

Do you think that it will continue to rise the way it has been the last few days or are we in for another market correction/dip in the oncoming week?

Let me know your thoughts!
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October 31, 2017, 05:19:48 PM
 #2

Could pump again when the masses begin the dump their BTG if they pump that money to increase their bitcoin holdings.

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bitcoinveda
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October 31, 2017, 05:21:02 PM
 #3

bitcoin should reach 10 thousand dollars by march 2018
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October 31, 2017, 05:21:09 PM
 #4

One thing is certain, no one will be able to provide a reliable prediction because neither technical nor fundamental analysis has been proven dependable with Bitcoin.   What we have is a lot of speculation, which isn't worth much, and past performance, which is worth more.  We can depend on Bitcoin having many more "corrections" as some call them, and many more spurts also.  It is the kind of thing that can really frustrate a trader, but a longer-term investor should stay calm, buy (if he can afford to) on the dips and stay the course.
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October 31, 2017, 05:24:06 PM
 #5

It will always go up and down, however in general until the split it will most definitely increase in value as people will be wanting their free Segwitx2 coins after the upcoming fork... After that is a different story all together...
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October 31, 2017, 05:28:29 PM
 #6

Yes actually bitcoin's price is around 6350$ and this is awesome. I think the price will keep increasing in the next weeks and months , and Bitcoin will hit at least $8k by the end of this year, if not higher level.
Lets just wait and see , because the price still volatile and going up and down.


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sue1981
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October 31, 2017, 05:29:11 PM
 #7

Hi,

I believe the price of BTC will go up because of the upcoming segwit2x hard fork, after that BTC will have a correction, maybe will go down to $5700 and then it will jump back. to $6ks range.


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October 31, 2017, 05:31:21 PM
 #8

it can rise up more. today's rise seems to be the start of a big rally actually if the speculation is correct.
they speculate that it has something to do wit the recent news about CME planning to launch a bitcoin market for traders. i don't really have enough information about what it is but it sounds like a bit news to me from what i have read. you can read about it here:
https://www.cnbc.com/2017/10/31/cme-plans-to-launch-bitcoin-futures-by-year-end.html

There is a FOMO brewing...
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October 31, 2017, 05:31:34 PM
 #9

So bitcoin recently busted through the $6,000 mark once again. ( currently at $6,350 )

Do you think that it will continue to rise the way it has been the last few days or are we in for another market correction/dip in the oncoming week?

Let me know your thoughts!
Definitely it will increase in future market. Because lot of users and traders are invest in Bitcoin. So demand of Bitcoin also increase and currency value also increase. In future all the government are accepted in cryptocurrency. All the peoples are need to buy a Bitcoin or any other cryptocurrency. That day so many demands in Bitcoin. Before we invest to Bitcoin is better for the future.

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October 31, 2017, 05:32:47 PM
 #10

Do you think that it will continue to rise the way it has been the last few days or are we in for another market correction/dip in the oncoming week?

Expect there's a correction for this rate but I don't know and can't see it on when that is about to happen. But let's just enjoy the greener week as the alts are also in red mode.

Before the hard fork, price will increase many don't want to miss the fork by transferring their alt profits to bitcoin so it will result to bitcoin pump some more.

And after the hard fork, I think that's the time we will see it's correction but after that correction the price will be green again.

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October 31, 2017, 05:34:49 PM
 #11

Yes i think it can reach 10k at the end of this year because it will probably get a big pump on Christmas or new year and my plan is to sell the most of my bitcoins at that time and keep some if bitcoin even becomes bigger then my predictions.
darthmaul
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October 31, 2017, 05:37:46 PM
 #12

Yes it is no surprise now as the bitcoin hard fork pops in the prices of bitcoin starts fluctuating. For getting the BTG people went crazy investing into bitcoin last week and thats why it brought the prices all upto 6000 USD. Now as we approach to mid month of November it is getting very easier for people to invest money into bitcoin in the want that they will earn fee forking coin. :-)

Thats its, that is the hot point which making bitcoin grow very big in first place and this will continue the day before hard fork when the exchangers and wallets will stop the transaction for while and for the purpose of blockchain upgrades. So yeah it will cross the 7K mark too.

 
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October 31, 2017, 05:39:57 PM
 #13

Another fork is coming on Novemember which is thought to be one of the most controversial one and it can divide bitcoin community noticeably, not like bitcoin gold or bitcoin cash.

People seem to be buying because of high speculation and I think current pump will continue till the actual fork date.
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October 31, 2017, 05:45:44 PM
 #14

We may expect to see a major correction of price. I also hope bitcoin will grow but the sudden rise of trice must go down don't you think?
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October 31, 2017, 05:52:54 PM
 #15

We may expect to see a major correction of price. I also hope bitcoin will grow but the sudden rise of trice must go down don't you think?
We thought it will come down after fork but it is still increasing don't know what the exact reason.

Even i am waiting for next dump to buy some more bitcoins.
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October 31, 2017, 05:56:21 PM
 #16

So bitcoin recently busted through the $6,000 mark once again. ( currently at $6,350 )

Do you think that it will continue to rise the way it has been the last few days or are we in for another market correction/dip in the oncoming week?

Let me know your thoughts!

Did I read recently, but the day before yesterday based on my own time zone is not recently but its no longer news that bitcoin will surpass that range with everybody expecting it to happen while some pessimists are of the opinion that the recent drawback is for the worse but now everybody is happy both the optimists and the pessimists. Several factors can be traced to what is happening but in my opinion it's unconnected to the launch tomorrow and the fork of later in the month.
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October 31, 2017, 05:56:59 PM
 #17

It seems to me that today's pump turned on the news that Amazon might will begin to accept bitcoin. This news may have more impact than the ban of China on the cryptocurrency. If this is true then price will never be lower than 6000$. But I'm higher prices are cool. We are still at the beginning and bitcoin is not the last time shows this result.
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October 31, 2017, 05:57:15 PM
 #18

So bitcoin recently busted through the $6,000 mark once again. ( currently at $6,350 )

Do you think that it will continue to rise the way it has been the last few days or are we in for another market correction/dip in the oncoming week?

Let me know your thoughts!

Price wise we cannot confirm say that time amount will retain for the long period even last time bitcoin stands on the very short stablity in the price chart. I would like to see the bitcoin price is above 7k usd in this year end. I do not think there is any more coin is gonna splitted out again in this year. There are many expecting adoption in future days. We will find any amount in the future.
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October 31, 2017, 05:57:30 PM
 #19

I think we are about to see another pump . It could go above 7k  really quick but let's wait at see what the next hours/days will bring. Don't forget that bitcoin needs a big corection after all this bull run ends.

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October 31, 2017, 05:58:04 PM
 #20

Could pump again when the masses begin the dump their BTG if they pump that money to increase their bitcoin holdings.

agree, there could be a little pump ahead and prior to the next 2X fork
we all want those free coins and the more you have the more you get.
next question is will there be a correction after the fork? probably.

as it stands today, 10K is looking possible soon.

R


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