55!

[ehoffman]

We've reached it in less than 24 hours!

[Newscastix]

Now lets touch 60 and rest in between 55 and 60 for a while.... to gain more steam and give the economy some time to grow 

[ehoffman]

What's interesting is that past the 2.5K BTC sitting at 55, there's no wall until 60!  So it may well slowly rise to 60

[BitPirate]

Last week I predicted $50 on Monday, followed by $60 before Friday and a subsequent slide...

I couldn't have predicted $47 - $55 in 24h though... crazy stuff.

[Vladimir]

There is 14k to 60$, there is no more bitcoins for sale at all at the  moment on gox. We know that 14k BTC can be bought in 5 minutes.

Seller strike is in progress. Another leg up is coming. Revaluation of Bitcoin closer to it's fair value continues.

[humanitee]

There is 14k to 60$, there is no more bitcoins for sale at all at the  moment on gox. We know that 14k BTC can be bought in 5 minutes.

Seller strike is in progress. Another leg up is coming. Revaluation of Bitcoin closer to it's fair value continues.

Exactly what I see happening.
I hope we're right. 

[ehoffman]

The problem now is that every time the price lower to 54.7~54.8, there's someone inserting a sell at 54.9.  So there's a sell-buy-sell-buy-sell-buy cycle but doesn't touches 55 anymore.  We'll need a big buyer, like earlier today 

[Vladimir]

The problem now is that every time the price lower to 54.7~54.8, there's someone inserting a sell at 54.9.  So there's a sell-buy-sell-buy-sell-buy cycle but doesn't touches 55 anymore.  We'll need a big buyer, like earlier today 

Maybe we need to be a bit more patient. There is nothing wrong with market working as it should and sellers being matched with buyers.

[oakpacific]

There is 14k to 60$, there is no more bitcoins for sale at all at the  moment on gox. We know that 14k BTC can be bought in 5 minutes.

Seller strike is in progress. Another leg up is coming. Revaluation of Bitcoin closer to it's fair value continues.

Exactly what I see happening.
I hope we're right. 

There is no reason the big buyers would want to push the price there so soon, though they are fully capable of doing so, they haven't done shaking the last coin out of the poor bears' pockets yet.

[Vladimir]

The big buyers are competing, they too fighting their greed and fear. I mean fear that someone else will take out 14k BTC to 60$ and they will have to continue accumulation in 60 handle and not in 50 handle.

[ineededausername]

I wonder where next, after 55...

[Newscastix]

and 55 is breached... 

[blackreplica]

Wheres a picture of the rocket launch when you need it

[Newscastix]

This thread feels old already

[ehoffman]

  so true!