Post
Topic
Board Speculation
Re: What is causing 7000+ price
by
betlord90
on 10/11/2017, 07:00:33 UTC
Well, one reason is that more people are now aware of btc and every single day there are people who are deciding to join the trend. And let's not forget the upcoming fork which is the segwit2x. This fork is more serious and better than the last one (btg). More investors are buying in to get more b2x as much as they can which adds to the surge of btc. Just when I thought we'll settle at 6k before the year ends, and now we're at 7k. Amazing!
I think things are going to change a little bit now that there is not going to be a fork, I think we are going to see a slight decrease in price now that the fork was canceled but even then I still think that the price of bitcoin is going to stay above 6000 and I think the price is going to recover before the end of the year.

Either way the price will correct. Be it with the fork (which i read is still on) or no fork. This price rise is not sustainable.
Let's just hope it don't crashes back to 3000 USD or so. But find solace in the 5000 USD region.

Although there's possibilities of crash will happen but I don't really think that we can go for that 5000$ at piece since bitcoins gain more prices as of now and maybe if there's a dumping of price will be happen that will not surely a huge drop of the price since some of the people will go buy and price will go back to its original stand. And actually I can see that we can even reached for 8k$ milestone and let's hope that we can really crossed for that price by the end of this year.