Bitcoin will hit $50 this month.

[serenitys]

Will reaching 50$ have some kind of special impact in speculators decisions? In other words, are the chances of a bubble bursting when we break a round number (such as 50, or 100) higher than reaching any other price?

$50 is a large psychological barrier. Lots of people are willing to take profits here. Just look at the depth chart.

True, but once a psychological barrier is broken, buying usually intensifies (because of the holdback). Sorta like when making love... well, that's a different story.

Not really...because if it busts over $50 and keeps going all the way back up toward the $1ks, I'm totally having an orgasm. 

[TERA]

Seconded 

I don't really see how it can go down - Bitcoin seems to have evolved and many of the problems such as hackers taking off with very large chunks of BTC from exchanges and crashing prices seem to be a thing of the past ...

interesting...

[Ibian]

Seconded 

I don't really see how it can go down - Bitcoin seems to have evolved and many of the problems such as hackers taking off with very large chunks of BTC from exchanges and crashing prices seem to be a thing of the past ...

interesting...

Karp stole the coins. There was no hack. Even a random guy like me can figure out how to set up an offline wallet, so can a billion dollar company.

[TERA]

So now that we're having these problems again, does that mean we shouldn't be above $50 anymore 

[Ibian]

So now that we're having these problems again, does that mean we shouldn't be above $50 anymore 

It means we do not have "these problems" again. No hack, just a thief who appears to be getting away with it.

[piramida]

But there were many hacks since then, even if you don't consider gox a hack (which I think it is, just in another meaning of the word "hack"). But really, $50 felt as something big, and after we crossed $200 shortly after, euphoria was at such high as if it was a baby jesus coming to life right before your eyes