Quote from: peter0425 on October 20, 2017, 06:04:47 PM

Quote from: Red-Apple on October 20, 2017, 05:42:31 PM

Quote from: Bytem3 on October 20, 2017, 04:27:41 PM

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