Bitcoin breaks $3K to reach new all-time high

Re:Bitcoin breaks $3K to reach new all-time high by gaetanrickter on Saturday August 05, 2017 @03:39AM (#14934639)

A rising tide lifts all boats and I can imagine this breakout boosting the entire cryptocurrency market. Just wait until we enter a bear market, we'll start seeing just about every cryptocurrency spike in value.

[ Parent | on HN ]

Re:Bitcoin breaks $3K to reach new all-time high by ben_w on Saturday August 05, 2017 @05:22AM (#14934918)

All boats, except for the ones with holes in them. And some of those boats don't look like they can handle stormy weather…

[ Parent | on HN ]

Re:Bitcoin breaks $3K to reach new all-time high by runeks on Saturday August 05, 2017 @07:24AM (#14935234)

Perhaps if you measure in USD. Measured in BTC, Bitcoin Cash has been nothing but falling for the past couple of days: https://coinmarketcap.com/currencies/bitcoin-cash/#BTC

[ Parent | on HN ]

Re:Bitcoin breaks $3K to reach new all-time high by pmorici on Saturday August 05, 2017 @09:44AM (#14935637)

Bitcoin Cash is only a few days old. It is going to take some time for the market to find it's true price. That will take more and more exchanges supporting it so that markets function more smoothly. In the meant time it would be expected that there are wild price fluctuations and differences in price globally.

[ Parent | on HN ]

Re:Bitcoin breaks $3K to reach new all-time high by matude on Saturday August 05, 2017 @04:56AM (#14934857)

Bull market, you mean?

[ Parent | on HN ]

Re:Bitcoin breaks $3K to reach new all-time high by qwtel on Saturday August 05, 2017 @08:43AM (#14935429)

i think the idea is that if theres a bear market in the real economy, more people will flee into the virtual one

[ Parent | on HN ]

Re:Bitcoin breaks $3K to reach new all-time high by paulpauper on Saturday August 05, 2017 @10:43AM (#14935945)

has not helped etherium and many others

[ Parent | on HN ]