|
Title: $55 the next psychological barrier Post by: zeocrash on March 19, 2013, 01:28:37 PM the last psychological barrier was $50. By that i mean that while people would happily spend $49.99 per bitcoin, the $50 mark would cause them to have second thoughts. Now that seems to have been shattered it seems as though the $55 mark is the next psychological barrier.
Opinions pls Title: Re: $55 the next psychological barrier Post by: Krabby on March 19, 2013, 01:30:09 PM That's an interesting theory.
I'm just worried about it crashing soon. Title: Re: $55 the next psychological barrier Post by: gaston909 on March 19, 2013, 01:35:15 PM Crash or crashing should be identified as swearwords.
Title: Re: $55 the next psychological barrier Post by: Vladimir on March 19, 2013, 01:36:05 PM No! The next psychological barrier is 100$.
Title: Re: $55 the next psychological barrier Post by: zeocrash on March 19, 2013, 01:38:17 PM That's an interesting theory. I'm just worried about it crashing soon. well the price seems to keep bouncing up against the $55 mark and there is a sharp rise in ask volume at $55. No! The next psychological barrier is 100$. based on what?? Title: Re: $55 the next psychological barrier Post by: Vladimir on March 19, 2013, 01:39:51 PM common sense
Title: Re: $55 the next psychological barrier Post by: zeocrash on March 19, 2013, 01:42:52 PM common sense you think the price will just shoot non stop to $100 without pausing?? Title: Re: $55 the next psychological barrier Post by: RodeoX on March 19, 2013, 01:46:45 PM very dollar-centric theory. What about pounds, Euros, yen, etc.
When I woke up and saw the price I did not think "wow, over $54" I thought "wow, over £36". This is a global phenomena. Title: Re: $55 the next psychological barrier Post by: shinkicker on March 19, 2013, 01:49:16 PM I am keeping a very watchful eye, that is for sure
Title: Re: $55 the next psychological barrier Post by: Vladimir on March 19, 2013, 01:50:32 PM common sense you think the price will just shoot non stop to $100 without pausing?? Look at the title of the thread: $55 the next psychological barrier. You still live in mid 2012 where 5$ move was of significance. Now it is less than 10%. 60$ 70$ 80$ and 90$ are not going to be a psychological barrier. 100$ will be. Stop thinking in $ terms, start thinking in % terms. 100$ is only 81% above current price. This can be taken out in one week (yep it is a bit extreme, I admit). Title: Re: $55 the next psychological barrier Post by: eklass on March 19, 2013, 02:00:46 PM Psychological? No.
"Nice round number" barrier? Yes. There are order walls at most of the "nice round numbers", just as there are supports at these types numbers. Title: Re: $55 the next psychological barrier Post by: bowen151 on March 19, 2013, 02:02:26 PM No! The next psychological barrier is 100$. This is what I was thinking also Vlad, why would it be 55 OP? thats far too close to be a "barrier" Title: Re: $55 the next psychological barrier Post by: Jenger on March 19, 2013, 02:04:34 PM Yes a barrier ever $5 increments is ridiculous.
I'm not sure where the next barrier will lie yet. Title: Re: $55 the next psychological barrier Post by: zeocrash on March 19, 2013, 02:06:00 PM very dollar-centric theory. What about pounds, Euros, yen, etc. When I woke up and saw the price I did not think "wow, over $54" I thought "wow, over £36". This is a global phenomena. True but the previous psychological barrier was a USD figure not a GBP or EUR figure. News reports usually quote the price in USD. common sense you think the price will just shoot non stop to $100 without pausing?? Look at the title of the thread: $55 the next psychological barrier. You still live in mid 2012 where 5$ move was of significance. Now it is less than 10%. 60$ 70$ 80$ and 90$ are not going to be a psychological barrier. 100$ will be. Stop thinking in $ terms, start thinking in % terms. 100$ is only 81% above current price. This can be taken out in one week (yep it is a bit extreme, I admit). From what i see of the bitcoin price, it seems to surge rapidly, then stagnate for a period, between a psychological upper and lower bound (last week has been between $45 and $50). In terms of percentages the $5 rise is still 10% of bitcoin's yesterday value (which makes for a nice psychological barrier) . It's a big growth but, despite bitcoin's past performance this year, people are still cautious in-case bitcoin drops back to the $40s Title: Re: $55 the next psychological barrier Post by: Gator-hex on March 19, 2013, 02:09:07 PM Who knows where the price can go with http://maxkeiser.com
pumping it claiming BTC going to $10k-$100k, now claiming $200k! His message is going out on RT and reaching 550 million eyeballs in 100 countries. Previously he was pumping "$500 silver if you want it" but it only got to $50. ;) Title: Re: $55 the next psychological barrier Post by: Jenger on March 19, 2013, 02:21:09 PM It already hit $55
Title: Re: $55 the next psychological barrier Post by: RodeoX on March 19, 2013, 02:22:36 PM Who knows where the price can go with http://maxkeiser.com pumping it claiming BTC going to $10k-$100k, now claiming $200k! His message is going out on RT and reaching 550 million eyeballs in 100 countries. Previously he was pumping "$500 silver if you want it" but it only got to $50. ;) Max Keiser ::) RT ::) Title: Re: $55 the next psychological barrier Post by: Vladimir on March 19, 2013, 02:27:28 PM Who knows where the price can go with http://maxkeiser.com pumping it claiming BTC going to $10k-$100k, now claiming $200k! His message is going out on RT and reaching 550 million eyeballs in 100 countries. Previously he was pumping "$500 silver if you want it" but it only got to $50. ;) damn, Bitcoin will worth not 1 000 000$ but only 100 000$ Ohhh everything is lost! Title: Re: $55 the next psychological barrier Post by: Skami on March 19, 2013, 02:29:48 PM I just really hope it will be a stable course up without any surprise crashes.
Title: Re: $55 the next psychological barrier Post by: adamluc on March 19, 2013, 02:37:57 PM bitcoin is going up big time. I am a seasoned trader/economist. As visibility and transparency increases, so will bitcoin's price. I also think enhanced regulation will increase movement away from exchanges, so in a sense there will be an above ground bitcoin market, and a below ground market.
Title: Re: $55 the next psychological barrier Post by: zeocrash on March 19, 2013, 02:51:11 PM Gentlemen, I eat my words. $56 on mtgox.
Title: Re: $55 the next psychological barrier Post by: Bitcoinfly on March 19, 2013, 03:02:42 PM Haha, that 55 was todays little barrier ;D Yep, $ 90-100 the next resistance. Enjoy the ride!
Title: Re: $55 the next psychological barrier Post by: jinni on March 19, 2013, 03:35:51 PM common sense you think the price will just shoot non stop to $100 without pausing?? It probably will, and we will see some kind of crash again stabilizing at $50-60 by January 2014 when the next boom/bust-cycle will start sending BTC to even greater heights. Title: Re: $55 the next psychological barrier Post by: bowen151 on March 19, 2013, 03:38:55 PM Satoshi the cyber christ will save us all haha max is a legend!
Title: Re: $55 the next psychological barrier Post by: TheJamesFund on March 19, 2013, 03:51:17 PM 62.00 baby
Title: Re: $55 the next psychological barrier Post by: bitbook.biz on March 19, 2013, 05:10:46 PM Is the bump in the last 18 hours because of this? http://bitcoinmagazine.com/fincen-bitcoin-users-not-regulated-exchanges-are/
Title: Re: $55 the next psychological barrier Post by: Bitcoinfly on March 19, 2013, 08:16:06 PM Is the bump in the last 18 hours because of this? http://bitcoinmagazine.com/fincen-bitcoin-users-not-regulated-exchanges-are/ Yes it could help to a small degree. The rise above 50 and higher has been inevitable anyway. Title: Re: $55 the next psychological barrier Post by: flyhouse on March 19, 2013, 08:32:29 PM I think that by 2020, provided that some people attending the Bilderberg meetings(for example) don't kill bitcoin, 1 BTC might be worth in the thousands of USD. So I would set much higher psychological barriers, what we're seeing here is just the beginning...
Title: Re: $55 the next psychological barrier Post by: Frankie Delaney on March 19, 2013, 11:54:45 PM It should be quite clear now that there are no psychological barriers. It seems right now buyers are going to buy at any price.
Title: Re: $55 the next psychological barrier Post by: Bitsandbits on March 20, 2013, 12:53:46 AM There will always be psychological barriers..we don't know what to do with total freedom...we need barriers and reasons to keep comparing ourselves with others...ohh, the power of the crowd
Title: Re: $55 the next psychological barrier Post by: zeocrash on March 20, 2013, 01:39:54 AM There will always be psychological barriers..we don't know what to do with total freedom...we need barriers and reasons to keep comparing ourselves with others...ohh, the power of the crowd indeed, no one would pay $1000000 for a bitcoin at the moment, people seek validation from those around them. If most people are buying at $59.95 no one wants to be the first person to break $60 (i am aware that $60 has already been broken) Title: Re: $55 the next psychological barrier Post by: bowen151 on March 22, 2013, 01:14:22 PM Apologies.....
55 is a new barrier...of sorts! Well in my local currency anyways it is lol £55 yet to break Title: Re: $55 the next psychological barrier Post by: antyGMO on March 22, 2013, 02:13:45 PM its really interesting thing, we have the strongest currency, and the best thing this is online mony, no goverment no cheating hehe.
I think it will a big crasch soon. Title: Re: $55 the next psychological barrier Post by: jacobpark on March 22, 2013, 03:02:11 PM $20 is usually the barrier for me... yup, I'm cheap.
Title: Re: $55 the next psychological barrier Post by: Neupleu on March 22, 2013, 03:40:51 PM Whats next goal?
Title: Re: $55 the next psychological barrier Post by: erik777 on March 22, 2013, 06:03:49 PM There was a barrier there? lol
It did hover around 47 a tad before moving up again. But, there isn't a whole lot of psychological barrier going on right now. :) Title: Re: $55 the next psychological barrier Post by: oah on March 22, 2013, 07:41:20 PM Some people I've talked to are talking about $1000 as the next barrier, but I guess that's fantasy :)
Title: Re: $55 the next psychological barrier Post by: mithrandi on March 23, 2013, 04:37:08 AM $55 didn't last very long ;D
|