When will the btc cross 600??

[Skele]

curious how a tiny 10,000 btc volume can tell the price of the rest 12+ millions  

I wonder what would be the volume of localbitcoins.. and other offline or local methods of trading.

[wachtwoord]

curious how a tiny 10,000 btc volume can tell the price of the rest 12+ millions  

This is how market caps work. They aren't a very accurate price for either buying or selling all outstanding units.

Oh and it's 21M not 12M (I know you mean the mined Bitcoins but don't discriminate between a mined and not-yet-mined Bitcoin please)

[RockHound]

We could breach $605 easily by next 24hrs.

Anyone reckon we'll see a correction to $560 range first?

I think it is very plausible that we cross $600, maybe even $605 within the next 24 hours, but we will probably settle back down around the $585-$590 range for a little bit of time...

An additional ~3000BTC would take us there. Not sure if that is case that we'll drop back to $585 range as $600+ strong resistance.

I'm actually hoping for the opposite taking us to $560 first, but don't think it will happen.

Showing my age but RockDude you should listen to this awesome track as it explains how btc is going to behave

This mid sized % retractions I dont see them really happening ALL of the time as hope

https://www.youtube.com/watch?v=UtKADQnjQmc

    Nice one Mr YIPYIP!     Remember the track when I was a kid    Yazz lol

Perfect 80's Bitcoin anthem - Will Hold On large offline stack for sure.


Everyone's got own style - but you are a TA guru in my book - wtf's going on with LTC? Remember you saying you had 60-65% holdings in LTC, the price % used to track BTC very closely but hasn't seemed to rise? (yet   )

[keithers]

Here is an article that talks about breaking the $600 level and also a comparison to gold



http://www.cityindex.co.uk/market-analysis/market-news/29846792014/bitcoin-regains-600-gold-below-1250/

[zimmah]

curious how a tiny 10,000 btc volume can tell the price of the rest 12+ millions  

I wonder what would be the volume of localbitcoins.. and other offline or local methods of trading.

this is also why bitcoin can easily skyrocket beyond even our wildest speculations. At some point only a handful of bitcoins will be sold because everyone realizes their value. So maybe less than 0.1% of all bitcoins will be traded on exchanges and the value of all bitcoins will be extremely high because there's such a shortage.

[RockHound]

Here is an article that talks about breaking the $600 level and also a comparison to gold



http://www.cityindex.co.uk/market-analysis/market-news/29846792014/bitcoin-regains-600-gold-below-1250/

Good upload, cheers Keith 

I'm a geo, used to work several gold projects - market defo took massive hit last year+ from up's ~$1800/troyOz

Our Au standard is debatable, personally would like to see it rise again, so that I can do some more exploration work. But I do think BTC is Gold 2.0

[bitbaby]

It's at $617 now at preev



And I sold some of mine at $560 I thought it would be coming down but it went up and I think it will cross $700 soon.

[segeln]

Here is an article that talks about breaking the $600 level and also a comparison to gold

excellent finding ! congrats keithers !

[zimmah]

The next question is when will bitcoin cross $700?

[DolanDuck]

The next question is when will bitcoin cross $700?

I predict we will wait one week from today to break the $700 wall.
It's growing too fast, it has to stabilize a bit before going up again, but I wrote the same thing when we were at 580$...