Bitcoin Forum

Here it comes, I'm ready for $100!  Wait til you see the explosion when we get there.

"Remember the good old days where bitcoins were selling for double digits?"

I'm ready for single digits. 0.01 BTC = $1. Proudhon was right all along!

Nah, the single digits we're waiting for is 1 mBTC = $1

people, just watch out and be careful.
The weekend is approaching, and its a long weekend.

I'd say the odds are 50:50 that we break through, and then fall back, or that we fall back first, take a breath and then run up to a second attempt. My reasons for that guess? Just common sense.  ;)

I like this post. You know, I've been consistently wrong about bitcoin too. Check my chart prediction. I'm not bullish enough.

http://i45.tinypic.com/2uz8ao3.png

I'm betting it will bounce off the $100 ceiling a little. nice round number and all, psychological barrier.

how low it will drop, I'm guessing no lower than 60. and then only very briefly as many low bids placed will mop up the bargains.

wont bounce for long before it floats thru toward 1k.

@bowjob, I know right! BTC is just crazy, pointless putting bollinger bands on the charts because its just out the top ALL the time.

I've reduced my exposure by about 50% for this reason. We may just bump up through 90, and if we do, the price will run up a bit... but to be honest there seems to be a bit of resistance -- I think people are mindful of the long weekend ahead, particularly with what happened last weekend.

"On the third day Bitcoin rose again" -- My bet is Monday will be an excellent day to buy.

A bit of a horizontal run will actually do us wonders. The crackpot bears with their "zoomed out chart, therefore crash", will look a bit silly if we go sideways for a few days.

Same here.  Of course, if everybody thinks this, it won't happen :)

... wishing I was all in again right about now :-)

ha lamao

really really funny

Oh great manipulator will keep us afloat over the long weekend.

Here! Is this zoomed in enough for a Butt BitPirate? Sorry man, Freudian slip  :P I tried for a one tick chart, but they don't offer it.
I see what you mean though... $1,000,000 here we come. How could thousands of traders been so wrong for so many years  ;D

http://bitcoincharts.com/charts/chart.png?width=939.8571428060532&m=mtgoxUSD&SubmitButton=Draw&r=2&i=Daily&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&

My bet is we'll reach $100 (@mtgox) today or next tue/wed. The run has been exciting. After $100 is reached I'd give odds: 20% for crash @$30, 40% for crash @$50, 40% for continuous rising.

There you go. Revolution in charting right there :-)

I'd say the floor now is closer to $80; perhaps $70.

My bet is that we hit $99 by 9am GMT

The Euro Exchanges will carry us through 100$. We are at 77.88 Euro at Btc24 already, this is pretty much > 99$ and not much resistance ahead. That's the beauty of a global market, some may be affected by a psychological barrier at 100$, others not ;) With news on the major german news site yesterday, i expect some volume today.

You want to insure against the crash? I am willing to bet you A LOT that it will never go to $20 or $50 anymore. See, if it rises, you lose a little. If it crashes, you win a lot. Interested?

I might be. Whats the ratio?

I've already seen foreign-currency transactions for over $95 come through the Mt.Gox ticker.

Please make this deal with Proudhon. Would love to see him put money where his mouth is :)

OTC, which means, "unmanipulated trades between people" was 81 € - $103, about 30 minutes ago.

BTC China already at 625 RMB which is 101USD. Based on these alone my gut is telling me Gox/USD may break past $100 when the americans wake up in a few hours, provided prices at the other exchanges hold steady. At the very least i'm expecting the wall at $95 to fall

My take is still that Gox will not fall today. The shortsellers and easterfreaks are all there, holding the ground at $98.5.

Did you get that from Herman Cain?  :P

[late entry: Herman Cain tax plan: http://en.wikipedia.org/wiki/Herman_Cain#9.E2.80.939.E2.80.939_Plan (http://en.wikipedia.org/wiki/Herman_Cain#9.E2.80.939.E2.80.939_Plan)]

Short sellers?

that's just because you were thinking logarithmically on a linear chart. not your fault, human brains are just wired like that …

This last leg to $100 could be tricky with weekend double dip approaching.

We just hit 95

Anyone got a sell offer in?

There's a 700BTC wall @ 94.99 on bitstamp that doesn't look like it's going to get pulled anytime soon...

Spartans!!!! Hold!!!!!

I'm out at 98.5, at least until it ticks past 102.

That's probably a good price to get out at for now. Also watching an exit strategy with a trailing stop (now at approx. 89).

This time I am sure it will not repeat. Everybody I know has sold at least 10-20% in anticipation. This will stop any dip prematurely. If nothing happens, all this money will start buying back about noon Sunday.  :D

Not inconceivable to see $120 next week and $200 in April. IF we take a breather at $100 it will just last 1-2 weeks and allow for big boys to ship some moar money in the exchanges.

I say we all buy LTC.

Yer just get some LTC get it while its cheap  :D

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

Hoooooold! :) (especially after it hit 100$)

All this media attention and new businesses dealing in bitcoins is helping people understand the true market value of BTC which is $1000's per coin :)

I agree. What's more is that as the price increases overall, price increases in the future will require more $$ movement in order to sustain the same % of growth each day/week/month, etc. So it's conceivable, as well, that someday soon we will be adjusting our bids in increments of $10-20 rather than dimes and quarters as we transition to trading µBTC.

Exactly, as the percentage changes, the money needed to push in either direction will grow. We could see big fluctuations in USD price that don't mean much in terms of percentage. A 30$ rise or drop will mean far less the higher the price goes.

This, in case anyone didn't realize is why log charts tend to work best. I much prefer them to those max-high, min-low charts which tend to magnify minor fluctuations when things are steady.

I hope 100 holds off a little though. I have things I'd like to do before it gets there :D

do u trade in CNY? if so whats BTC sentiment there?

Wow, went from $94 down to 87.85 as I type just on my lunch break, wonder how fast the rebound to 100 will be?

I dunno. But it wasn't in the 80s long enough for me to buy in...