$55 the next psychological barrier

[zeocrash]

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]

That's an interesting theory.
I'm just worried about it crashing soon.

[gaston909]

Crash or crashing should be identified as swearwords.

[Vladimir]

No! The next psychological barrier is 100$.

[zeocrash]

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??

[Vladimir]

common sense

[zeocrash]

common sense

you think the price will just shoot non stop to $100 without pausing??

[RodeoX]

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.

[shinkicker]

I am keeping a very watchful eye, that is for sure

[Vladimir]

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).

[eklass]

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]

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"

[Jenger]

Yes a barrier ever $5 increments is ridiculous.

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

[zeocrash]

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]

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.

[Jenger]

It already hit $55

[RodeoX]

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 

[Vladimir]

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!

[Skami]

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

[adamluc]

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.

[zeocrash]

Gentlemen, I eat my words. $56 on mtgox.

[Bitcoinfly]

Haha, that 55 was todays little barrier    Yep, $ 90-100 the next resistance. Enjoy the ride!

[jinni]

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.

[bowen151]

Satoshi the cyber christ will save us all haha max is a legend!

[TheJamesFund]

62.00 baby

[bitbook.biz]

Is the bump in the last 18 hours because of this? http://bitcoinmagazine.com/fincen-bitcoin-users-not-regulated-exchanges-are/

[Bitcoinfly]

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.

[flyhouse]

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...

[Frankie Delaney]

It should be quite clear now that there are no psychological barriers. It seems right now buyers are going to buy at any price.

[Bitsandbits]

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

[zeocrash]

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)

[bowen151]

Apologies.....

55 is a new barrier...of sorts!

Well in my local currency anyways it is lol £55 yet to break

[antyGMO]

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.

[jacobpark]

$20 is usually the barrier for me... yup, I'm cheap.

[Neupleu]

Whats next goal?

[erik777]

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. 

[oah]

Some people I've talked to are talking about $1000 as the next barrier, but I guess that's fantasy

[mithrandi]

$55 didn't last very long