Bitcoin Forum

What do you think?  Looks like the wall is crumbling down.

*Poll reset on December 3rd.

12.62 - thread over. :)

Now

this is getting surreal  :o

I thought it would be fun if I posted the thread and then broke $12.50 myself but someone beat me to it!

Updated the question for the next wall...

So, now are you going to take the next wall down yourself  ;) ?

but what happens after 13 ?
I see it is very thin, we need some sellers soon,
this creeping is too much fun to be spoiled by parabolic move

Anyone notice that there are 60k BTC in asks?  Not much anymore.  This is actually a record low... we haven't seen these levels for over a year, I believe.

No worry. Whoever is buying now will start selling after $13.00 .

Also happening in a major way on campbx, there's about 130BTC available right now.  For perspective, campbx exchanged  around 2k btc yesterday and more than that day before...

It's normal when price goes upwards so fast. When markets go crazy, sellers remove their orders, wait and sell directly into bid side if they see fit. After a while bid side realizes that the price is too high, demand will weaken and new equilibrium will be established. However, we may see some crash before that new equilibrium is reached, as the ask side is really weak and demand will probably drive the price higher then it should be. This will be a wild ride for a while  8)

6.68

Saw it break ~12.80 today.I'm thinking whoever is responsible for the rally will also be responsible for the next crash.

Yes.

BROKEN ALREADY......short lived lol :D

12.76...

http://sphotos.ak.fbcdn.net/hphotos-ak-ash2/hs152.ash2/40940_1306101932609_1232340416_31370444_1425739_n.jpg

Do we break $13 today?

cant see how we dont break $13 today. Not much standing in the way either

Short answer: no
Long answer: yes

I disagree

I disagree to disagree

I agree that you guys disagree.

I disagree

12.96 just now

Not on Gox as far as I can tell.

it was on only for a second

Gox high not showing that.

I would make a bet with you, I just saw it mate. The high takes a minute to update, especially when it keeps breaking.

that wall at 12.9 hasn't moved so it did not go past 12.9

Alright, maybe it was 12.86 and I misread it, but its still exciting.

lol sure is

Gox often show a "last price" higher than "high". It's a trade in an other currency converted to USD showing up.

Is this also true for the low? e.g., a low EUR trade?

Don't know. But that would make sense.

13.02, and this time I got a screenshot.

https://i.imgur.com/VNNLf.png

False Xd

Trust me, I can't photoshop anything, it was there for a second.

12.90 !!!!!!!!!!!!!!!! ;D

must be an error, not reflected in any graph and with the current order book is impossible.

Bitfloor has had several trades over $13 already.

8.35177 British pounds = 13.0997512 U.S. dollars

Bitfloor has already touched the 15

dear lord baby jesus. This is fun to watch.

here it comes, we're going to 20! ;D

13!

Feels like early summer 2011 around here.  That makes me scared.

Holy Mother of Geezuz!  A BULLLLLLLLLL! :D :D :D :D :D :D :D

YES!!!

Done and done.

WHOA. Proudhon is a bull!

But yeah, I'm scared too.

this is surreal, 13.15 already

done ;D

Bought in @ $6 because i liked the stable price of bitcoin, while € was really weak.
I should throw a party for breaking $13, but I'm to confused to be pleased with the development.
I simply do not understand whats driving this price.

Demand.

one dude (founder of digg, google investor, etc) twitted to +1.3 million followers that he's playing with CoinBase, another VC dude ignited conversation about Bitcoin on his blog among other VCs and such, just of the press BTCST made into media... there is so much going on now outside this forum it's getting hard to keep up with everything.

but the question is, who could be buying in right now? I'll be honest, I saw the price hit 12.60 and I bought in with the rest of my day to day money, but I doubt many people are just throwing in for the ride upwards (assuming they think there will be one) most of the volume has to come from people buying in fresh.

Thats what I'm asking myself.
I would never have bought in on at up from $8  :o
At the last buble i just broke even. After that I've been almost one year inactive.
Anyway thanks for your thoughts.

I dunno. Volume seems pretty flat for the last week or 2. Whoever is buying is doing it in a very controlled way, IMHO.

Yup I agree.

Nice steady rise...

The question of the day, again!

You are bumping up way too many old threads.

OK, I will stop now.

break 13 tomorrow, oops thats nov 27 for me

no; short term is down

Bitcoin has been in the news a little because of the reward halving. This may have driven some interest.

That might explain why it has moved up recently, but you responded to a question about the movement in august, which should have a different explaination?

So I did. Didn't realize it was that old :D

http://bitcoinx.com/charts/depth_mtgox.png


Ya look at the bid ask graph. When the bid ask spread narrowed and crossed back in July we had a big run-up in price.

is there a low order amount right now?

It's happening right now! :)

What? Really? I don't see anything?

You are seeing a staged performance!!! Down imminent in the future I see. Don't use your eyes, use the Force.

Poll reset.  Thanks to the necrobump.

We will break $13.

in 5 hrs?

just now :)

well within 5hrs was my point ;P

See? That's what I said. Now let's go for $14!

FTFY

FTFY

Crash to $11+, reasonable...

Reward halving kicking in.

I just voted yes btw

me too lol

When will we know the affects of the difficulty change from miners turning rigs off?

I voted 'no'.

Difficulty:
http://dot-bit.org/tools/nextDifficulty.php

Network hashrate:
http://BitcoinCharts.com

Price: http://mtgox.com