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Title: Whats with the $19 barrier Post by: The Koolio on June 07, 2011, 05:25:19 PM http://mtgoxlive.bco.in/orders
Why isnt the value going over $19, there seems to be a weird invisible barrier, and this I think is counter arguing the thoughts of some that itll hit $100 soon... it cant even hit $20! Title: Re: Whats with the $19 barrier Post by: Jaime Frontero on June 07, 2011, 05:27:06 PM yeah. irritating, innit it? oh well - patience. spend some bitcoin.
love the edison quote, BTW. Title: Re: Whats with the $19 barrier Post by: The Koolio on June 07, 2011, 05:28:46 PM yeah. irritating, innit it? oh well - patience. spend some bitcoin. love the edison quote, BTW. Yeah I thought so too, im a bit of a quote whore lol! I need the price to go up as I need to pay off my $7500 server thats coming this week lol Title: Re: Whats with the $19 barrier Post by: Babylon on June 07, 2011, 05:30:18 PM The price has skyrocketed within the past few months, prior to that it usually grew at a much slower rate. I wouldn't be surprised if it slows down again really soon.
Title: Re: Whats with the $19 barrier Post by: zhalox on June 07, 2011, 05:31:31 PM Things take time you know. This is the first actual free market, so let's see how the market reacts. Who knows, maybe we'll drop back to earth at like $13 to $15 or something, and you can buy some cheapies :)
Title: Re: Whats with the $19 barrier Post by: hugolp on June 07, 2011, 05:31:47 PM Yeah I thought so too, im a bit of a quote whore lol! I need the price to go up as I need to pay off my $7500 server thats coming this week lol If you are not willing to loose money dont invest it. After the absolutely abnormal rise of bitcoins this last two weeks its more than normal that the price is not going up for a while. Im actually very surprised that it has not gone down to $15 or so. It would be a normal correction. Im not very good at short time trading, but if it stays around $18-$19 and does not correct more it will be a very bullish sign. Title: Re: Whats with the $19 barrier Post by: cryptoanarchist on June 07, 2011, 06:08:18 PM There's always a sell off after a huge run up like the one we had to start the month. The fact the price didn't go back down to $15 shows that there were a whole bunch of new buyers - very bullish indeed.
It'll crack $20 today - bet on it. Title: Re: Whats with the $19 barrier Post by: ploum on June 07, 2011, 06:13:37 PM Im not very good at short time trading, but if it stays around $18-$19 and does not correct more it will be a very bullish sign. Why is that bullish? What could we fear from that? Why is a correction a good thing? Title: Re: Whats with the $19 barrier Post by: Findeton on June 07, 2011, 06:17:25 PM It's very simple. There are so many asks (people who ask for 19$/btc) that we just haven't surpassed that barrier. Today there's not so much movement as yesterday (1M$ yesterday, today it will be less than 400k), but btc buyers keep buying at around 19.
So the market is bullish, but there are too many sellers for not enough buyers to rise price. Why is that bullish? What could we fear from that? Why is a correction a good thing? Bullish means that price tries to rise (and with enough buyers, it will eventually rise). A correction is only a good thing if bitcoins are overvalued (I don't think they are). Title: Re: Whats with the $19 barrier Post by: Babylon on June 07, 2011, 06:51:31 PM It's very simple. There are so many asks (people who ask for 19$/btc) that we just haven't surpassed that barrier. Today there's not so much movement as yesterday (1M$ yesterday, today it will be less than 400k), but btc buyers keep buying at around 19. So the market is bullish, but there are too many sellers for not enough buyers to rise price. Why is that bullish? What could we fear from that? Why is a correction a good thing? Bullish means that price tries to rise (and with enough buyers, it will eventually rise). A correction is only a good thing if bitcoins are overvalued (I don't think they are). A correction is a good thing for people who want to buy bitcoins. Title: Re: Whats with the $19 barrier Post by: Findeton on June 07, 2011, 07:00:25 PM A correction is a good thing for people who want to buy bitcoins. Of course. I long for a 0.00001$/btc temporal correction. Title: Re: Whats with the $19 barrier Post by: Jack of Diamonds on June 07, 2011, 07:10:17 PM It already was 19.23 three days ago. Went down though.
Title: Re: Whats with the $19 barrier Post by: MicroBalrog on June 07, 2011, 07:14:28 PM http://mtgoxlive.bco.in/orders Why isnt the value going over $19, there seems to be a weird invisible barrier, and this I think is counter arguing the thoughts of some that itll hit $100 soon... it cant even hit $20! $19.25 right now. Title: Re: Whats with the $19 barrier Post by: SpaceLord on June 07, 2011, 07:25:51 PM http://mtgoxlive.bco.in/orders Why isnt the value going over $19, there seems to be a weird invisible barrier, and this I think is counter arguing the thoughts of some that itll hit $100 soon... it cant even hit $20! $19.25 right now. *CRACK* Title: Re: Whats with the $19 barrier Post by: S3052 on June 07, 2011, 07:43:15 PM http://twitter.com/#!/BitcoinAnalyst (http://twitter.com/#!/BitcoinAnalyst)
Title: Re: Whats with the $19 barrier Post by: kokojie on June 07, 2011, 10:54:56 PM it has broken $20
Title: Re: Whats with the $19 barrier Post by: cryptoanarchist on June 07, 2011, 10:57:24 PM Title: Re: Whats with the $19 barrier Post by: dingus on June 07, 2011, 11:00:02 PM Up, up, and away we go!
Title: Re: Whats with the $19 barrier Post by: nemo on June 07, 2011, 11:10:59 PM I blinked and it went from 20 to 21.5
Title: Re: Whats with the $19 barrier Post by: SpaceLord on June 07, 2011, 11:15:24 PM What barrier? ;D
Title: Re: Whats with the $19 barrier Post by: enmaku on June 07, 2011, 11:48:39 PM I blinked and it went from 20 to 21.5 You mean 24? ;DTitle: Re: Whats with the $19 barrier Post by: Vector on June 07, 2011, 11:49:36 PM hint: price manipulation
Title: Re: Whats with the $19 barrier Post by: Maged on June 07, 2011, 11:59:15 PM hint: price manipulation Today's rally was 100% because of the weekend funds arriving from Dwolla.Title: Re: Whats with the $19 barrier Post by: KnuttyD on June 08, 2011, 12:19:50 AM What 19$ barrier?
Title: Re: Whats with the $19 barrier Post by: interfect on June 08, 2011, 12:45:32 AM hint: price manipulation Today's rally was 100% because of the weekend funds arriving from Dwolla.I hear they arrive in batches. Anyone want to tell me when the next batch will show up? Title: Re: Whats with the $19 barrier Post by: gigitrix on June 08, 2011, 01:17:01 AM Hehehe, how fast we move...
Title: Re: Whats with the $19 barrier Post by: d.james on June 08, 2011, 07:51:01 AM OMG We broke the barrier faster than I can reply.
Title: Re: Whats with the $19 barrier Post by: flashy on June 08, 2011, 09:46:01 AM I don't see the price slowing at all until the $40 mark. It'll have a little snooze, and then be up and away again.
Title: Re: Whats with the $19 barrier Post by: btcbetnet on June 08, 2011, 10:09:35 AM Itīs a small market. If there is anyone who understand how this currency are working and has a little money can buy this market easily... Itīs a big point wtf makes me angry.
Title: Re: Whats with the $19 barrier Post by: TurboK on June 08, 2011, 01:11:57 PM What 19$ barrier? Unrelated, but do you have a bigger resolution version of your avatar?Title: Re: Whats with the $19 barrier Post by: The Koolio on June 08, 2011, 02:08:39 PM All I can say guys is %@&! me! The price is now the equivalent of $32 on my fav exchange!
What 19$ barrier? Unrelated, but do you have a bigger resolution version of your avatar?Yeh his avatar is pretty groovy, think I might have to create a few for myself lol Title: Re: Whats with the $19 barrier Post by: S3052 on June 08, 2011, 06:35:30 PM What 19$ barrier? Back to the question about the 19$ mark: Now it will act as support for when a correction is underway. |