The last leg to $100

[Picklee]

Not inconceivable to see $120 next week and $200 in April. IF we take a breather at $100 it will just last 1-2 weeks and allow for big boys to ship some moar money in the exchanges.

I agree. What's more is that as the price increases overall, price increases in the future will require more $$ movement in order to sustain the same % of growth each day/week/month, etc. So it's conceivable, as well, that someday soon we will be adjusting our bids in increments of $10-20 rather than dimes and quarters as we transition to trading µBTC.

[NamelessOne]

Not inconceivable to see $120 next week and $200 in April. IF we take a breather at $100 it will just last 1-2 weeks and allow for big boys to ship some moar money in the exchanges.

I agree. What's more is that as the price increases overall, price increases in the future will require more $$ movement in order to sustain the same % of growth each day/week/month, etc. So it's conceivable, as well, that someday soon we will be adjusting our bids in increments of $10-20 rather than dimes and quarters as we transition to trading µBTC.

Exactly, as the percentage changes, the money needed to push in either direction will grow. We could see big fluctuations in USD price that don't mean much in terms of percentage. A 30$ rise or drop will mean far less the higher the price goes.

[Richy_T]

Exactly, as the percentage changes, the money needed to push in either direction will grow. We could see big fluctuations in USD price that don't mean much in terms of percentage. A 30$ rise or drop will mean far less the higher the price goes.

This, in case anyone didn't realize is why log charts tend to work best. I much prefer them to those max-high, min-low charts which tend to magnify minor fluctuations when things are steady.

I hope 100 holds off a little though. I have things I'd like to do before it gets there

[jubalix]

BTC China already at 625 RMB which is 101USD. Based on these alone my gut is telling me Gox/USD may break past $100 when the americans wake up in a few hours, provided prices at the other exchanges hold steady. At the very least i'm expecting the wall at $95 to fall

do u trade in CNY? if so whats BTC sentiment there?

[boscorocks]

Wow, went from $94 down to 87.85 as I type just on my lunch break, wonder how fast the rebound to 100 will be?

[Richy_T]

Wow, went from $94 down to 87.85 as I type just on my lunch break, wonder how fast the rebound to 100 will be?

I dunno. But it wasn't in the 80s long enough for me to buy in...