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Author Topic: $55 the next psychological barrier  (Read 1669 times)
zeocrash
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March 19, 2013, 01:28:37 PM
 #1

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
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Krabby
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March 19, 2013, 01:30:09 PM
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That's an interesting theory.
I'm just worried about it crashing soon.

gaston909
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March 19, 2013, 01:35:15 PM
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Crash or crashing should be identified as swearwords.
Vladimir
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March 19, 2013, 01:36:05 PM
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No! The next psychological barrier is 100$.

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zeocrash
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March 19, 2013, 01:38:17 PM
 #5

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??
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March 19, 2013, 01:39:51 PM
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common sense

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zeocrash
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March 19, 2013, 01:42:52 PM
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common sense

you think the price will just shoot non stop to $100 without pausing??
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March 19, 2013, 01:46:45 PM
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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.

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shinkicker
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March 19, 2013, 01:49:16 PM
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I am keeping a very watchful eye, that is for sure
Vladimir
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March 19, 2013, 01:50:32 PM
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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).




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eklass
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March 19, 2013, 02:00:46 PM
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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.
bowen151
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March 19, 2013, 02:02:26 PM
 #12

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"

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Jenger
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March 19, 2013, 02:04:34 PM
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Yes a barrier ever $5 increments is ridiculous.

I'm not sure where the next barrier will lie yet.

zeocrash
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March 19, 2013, 02:06:00 PM
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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

Gator-hex
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March 19, 2013, 02:09:07 PM
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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. Wink

Jenger
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March 19, 2013, 02:21:09 PM
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It already hit $55

RodeoX
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March 19, 2013, 02:22:36 PM
 #17

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. Wink

Max Keiser  Roll Eyes   RT  Roll Eyes


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Free bitcoin in AFRICA - https://bitcointalk.org/index.php?topic=2710325.msg27720734
Vladimir
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March 19, 2013, 02:27:28 PM
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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. Wink

damn, Bitcoin will worth not 1 000 000$ but only 100 000$ Ohhh everything is lost!

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Skami
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March 19, 2013, 02:29:48 PM
 #19

I just really hope it will be a stable course up without any surprise crashes.

adamluc
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March 19, 2013, 02:37:57 PM
 #20

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.
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