Call the Top for BTC 2017?

We have a top of $6180 on Oct 21, 2017.

That could be the one for the year if these Bitcoin forks dent the market.
 
Will it reach a peal and then start dropping?

Not sure...

It could reach 7,000-8,000 USD. And gold is stuck... If Bitcoin starts dippin', gold will start rising again.

Could someone guess the main driving force behind Bictoin now? Just the masses "finding out" or, are there more transactions with it... or scarcity?
 
TreasureHunter said:
Could someone guess the main driving force behind Bictoin now? Just the masses "finding out" or, are there more transactions with it... or scarcity?
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I don't think it's new money, as new money will be too scared to touch it atm and i doubt it's got to do with "scarcity" (whatever scarcity really means with cryptos)
My guess it's just people trying to create fake volume in order to push the price higher. You can see it's been happening for a while now, but so far it's failed to attract new money. Money has just been moving from altcoins to bitcoin and bitcoin to altcoins.

Until there is some big economic news i can't see cryptos moving up much for a while. Everyone is just waiting.
 
dozerz said:
obviously everyone is not "just waiting" otherwise the price would not be rising.
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Let me correct that "Most are just waiting"
Stock market is rising higher then ever on reduce participation rate. You don't need more people to enter for prices to rise, you just need a lot of volume selling between a few.

Anywho Bitcoin just hit $6200 USD so new record hit.
 
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you could simplify it further in that large volumes are being bought. not sure how youre able to identify if its few or many participating?
 
dozerz said:
not sure how youre able to identify if its few or many participating?
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i forgot to mention that i know everything. ;) I was only wrong once, because i once thought i was wrong about something but later found out i was correct after all.
 
Litecoin, Ethereum, Dash are bending downwards on the charts: crash coming?

If they behave similarly to silver on the PM market, then they could be signaling Bitcoin's next dip.

But Bitcoin is going so well with so much power, it's hard to believe it would want to dip.
 
man money is flowing out of alt coins and into bitcoin! NEO and OMG getting dumped. Maybe the Chinese will not reopen ICO's after all and people in the know just found out.

EOS is rising the most atm. Maybe they got something working good.
 
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Bitcoin $9500 AUD

well-that-escalated-quickly-quick-meme-com-19310781.png
 
This run is out of control

Half of me is saying, get in and get in now, but the other half hates the fact that I could have got in for so much less only weeks ago

The alts are looking super juicy now, so the temptation is strong there too

Argh, what do I do! Everything and everyone is saying go all in on BTC, and I want to, but geeez buying in at these prices is hard to do, and who knows what's going to happen after Segwit2X....
 
Soprano16 said:
and who knows what's going to happen after Segwit2X....
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That's the trick, this split seems "different".
Decent summary of the scenarios here:
https://www.coindesk.com/understanding-segwit2x-bitcoins-next-fork-might-different/

This smooth outcome, however, isn't guaranteed with Segwit2x. Complicating matters is that in many ways, Segwit2x sounds (and is) similar to other bitcoin forks.

Like other recent forks, Segwit2x is:

  • An alternative software – A modification of the bitcoin software run by network participants and that enforces the protocol rules. In this case, Segwit2x's code is called BTC1.
  • An attempt to increase the block size – Most forks focus on one specific rule of the network (block size), despite other possible optimizations that could lead to capacity boosts.
  • A hard fork – Anyone whose software is not upgraded to the new rules will no longer be a part of the network.
It's the differences, however, that stand out this time around.

First and foremost, whereas bitcoin cash developers appeared content to create a new blockchain (with new rules), Segwit2x's goal is to keep all bitcoin's existing users on one blockchain.

In this way, Segwit2x could have different outcomes.

These include:

  • Bitcoin's rules change. Most (or all) miners upgrade their software. The bitcoin blockchain continues to function but features larger blocks. Segwit2x's rules become the rules of bitcoin.
  • Two bitcoins are created. Only some miners upgrade their software. This creates two blockchains – a so-called "legacy" bitcoin, and a "Segwit2x" bitcoin, both with different rules and unique cryptocurrencies.
  • Bitcoin's rules do not change. No significant miners run the new software, and the network continues to run the current rules.
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And then it goes and drops $600 in half an hour. Why? Because bitcoin.


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Acknowledging, that is just point in time and a longer timescale just shows continual climb.
 
A dip is going to come, we all know that - it just cannot continue to climb forever

Some people are predicting a dip prior to Segwit2x and some shortly after, but most are expecting that whenever the dip does in fact occur it will be the right time to buy in again as it will go back up shortly after

Use the dip to get more BTC, because it will head back up after it
 
wow that's a very arbitrary chart. o_O completely useless.

but i hate charts when used for future predictions.

I remember all the gold and silver to the moon charts people would put up back in the days :)
 
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