We've got some big asks until 50

[hyphymikey]

We've got some big ASkS walls to knock down before we get to 50. Think it will happen Monday?

[Bitobsessed]

Some of that will disappear as we approach it.

[hyphymikey]

Some of that will disappear as we approach it.

True. I know that happens, but why? If you are aren't willing to sell then why put it up. Some sort of Bearish psychological stunt?

[RokShox]

What site do you use that shows the depth chart?

[John (John K.)]

Some of that will disappear as we approach it.

True. I know that happens, but why? If you are aren't willing to sell then why put it up. Some sort of Bearish psychological stunt?

Yes, sort of. To give the impression of low prices so that they can snap up more.

[catcow]

i think we will breach 50 for sure this week...maybe not on monday though.

[hyphymikey]

What site do you use that shows the depth chart?

http://bitcoincharts.com/markets/mtgoxUSD_depth.html

[yoodles]

I'm hoping we breach 50 but am still worried that we will experience another dip before we hit the 50 mark. For some reason it seems people like round numbers, and 50 especially. As soon as the price creeps up towards 50 such a large amount of sell orders come in driving the price slightly down and extending the wait until we reach that glorious plateau.