Bitcoin will VERY HARD resistance leaving $100

[bitpop]

Why? Because it makes a great mental method to calculate usd<>btc.
I love that's it's $100 right now so I know exactly my value in btc.

[superduh]

You mean up again?

[Jakewell]

the price is going down.. it fell to $88 and now its going down again.

[bitpop]

Never mind then a lot of new asic companies dumping btc.

[ruletheworld]

Why? Because it makes a great mental method to calculate usd<>btc.
I love that's it's $100 right now so I know exactly my value in btc.

Well, so is $1000 = 1BTC actually

[bitpop]

Exactly next resistance is 1000 or 10 :/

[dnaleor]

Exactly next resistance is 1000 or 10 :/

i prefere 1000 $

[wachtwoord]

I prefer $10

[dnaleor]

I prefer $10

ok, I prefere 10$ tomorrow (because I will have some money comming in) and then the day after 1000$  

[bitpop]

Yes 10 first then 1000
See I'm somewhat right it's holding on to 100.

[wachtwoord]

Yes 10 first then 1000
See I'm somewhat right it's holding on to 100.

Little secret: It won't be 10

[bitpop]

Could be since these asic companies are dumping millions

[mvidetto]

Could be since these asic companies are dumping millions

Don't think the companies are dumb enough to manipulate the market down as it then cuts into their profits.  It is more than likely someone looking to capitalize on shorts of BTC/lower prices.

[bitpop]

It seems plausible they keep stopping at $100 and it's bitpay, do they really care? They could be trying to buy cheap. Great position to be a manipulator.

[worldinacoin]

Well it can be 100 cents right? Touch wood.  But the last time I saw the price in Mtgox it was exactly $100.

[bitpop]

I am a savant

[bb999]

Why? Because it makes a great mental method to calculate usd<>btc.
I love that's it's $100 right now so I know exactly my value in btc.

Mental math resistance points (like $100) don't consistently apply in large liquid markets like forex, (look at the JPY/USD exchange rate jumping all over the place the last few weeks)  I definitely don't see any evidence they exist in BTC/USD.  

This volatility could be in part due to it being a weekend in most of the markets BTC trades in, or simply endemic to a currency with total market cap around $1B USD, either way I still think it's a great asset to hold over the long-term, but not a place to park your rent money.

[bitpop]

True but forex has too many pips and both sides are a currency. Here we have only usd usually and btc still in whole units.

[bb999]

True but forex has too many pips and both sides are a currency. Here we have only usd usually and btc still in whole units.

If you think forex has too many pips you should stay away from BTC altogether with its 8 decimal places.  I'm not sure what you mean by BTC still in whole units, also BTC can be exchanged into many varieties of fiat besides USD.

[bitpop]

No one pays attention to the decimal places, yet.