Quote from: patt0 on October 21, 2017, 09:05:07 PM

Quote from: Samspudz on October 21, 2017, 11:22:09 AM

Bitcoin reached record value Friday, exceeding the $ 6,000 threshold, and reaching a total capitalization of over $ 100 billion, as investors continue to look optimistically at this virtual currency, which exists in limited quantities and which has opened the way for several ... More

People are getting more confidant about bitcoin, but that's not all of course. I think the principal reason that is driving the rise in the price are the upcoming forks. There are some exchanges listing segwit2x close to $1k, just like it happened with bcash, and I don't think bgold will be worth that much but it's still free money, so people will try to grab it of course. I just hope that once the forks happen, and people collect their alts, will just trade them to BTC.

it's not the question of confidence. I'm afraid it is more on the psychology side. I bet when it's supporters level will go over 80% of the active MARKET partisipants (we don't count Dimons and the likes - who say BTC is a fraud) - when themselves they just sit on a fence and never participate really. And when it's more than 80% of bullish sentiment - it'd go down. From the Moon and underground.

And it's going to be a nice day to enter big. And go to Mars!