Weekend rally past 600?

[bitcoinsrus]

Steadily increasing to sub 600 for the past 2-3 days. Is post 600 on the horizon for the weekend (going into next week)?

[BTCtrader71]

It's already crossed or at least hit 600 on bfx, btc-e and itbit. stamp has hit 599 and is at 598 as I type this.

I wonder whether someone has insider knowledge on the results of the auction and is trading on that knowledge.

[mmortal03]

Yeah, the Coinbase Buy price just went a hair over $600, but, then, it's always slightly higher than the market. The Coinbase Sell price is ~598 right now.

[mocrotasje]

http://24.media.tumblr.com/c94b1a460885eef294f21e0d1b575cf9/tumblr_mk18mxZ0El1qd1ubro7_r1_500.gif


chopping bears..

[BTCfan1]

321 coins and falling on Stamp to $600

[mmortal03]

...and there goes Bitstamp.

[BTCtrader71]

... aaaaaand stamp hits 600

[BTCfan1]

wow, buy now or hold your peace!

[mmortal03]

... aaaaaand stamp hits 600

Beat you by 3 seconds, lol.

[hodlmybtc]

You should change the thread title to "Weekend rally past 700?" 

[jbrnt]

Went from $575 pass $600 in less than 2 hours. It's the auction bears buying back. We might even see $700 on monday.

[BTCtrader71]

... aaaaaand stamp hits 600

Beat you by 3 seconds, lol.

damn. that's why i'm not a day trader lol

[UnDerDoG81]

When will we pass this Fing FBI sell shiat?

[Malin Keshar]

Its not weekend rally, just the end of manipulation to get cheap coins in the FBI auction. Now we coming back to normal.

I see 650 by the start of the next week

[bitcoinsrus]

Thanks for responding on my post. I never had such quick response (per view ratio)

to BTCtrader71
yea shortly after my post, it hit 600 on the sites. Now its hovering between sub 600 and post 590. I guess 600 might be a (small) resistance point. As far as insider knowledge, maybe idk.

to mmortal03
yea coinbase is usually higher. Now it seems to relatively close (but I notice in a full on bull market, it is a little (more) higher)

to mocrotasje
thanks for posting your 2nd (new member) listing on my page. Enjoy the forum and nice gif xD

to BTCfan1
thanks for the details. for anyone else wondering, go to bitcoinity and check the bottom to see what is needed to move the price (i forgot who told me this, but its helpful)

to hodlmybtc
I would have done 700, but I know many would not take me seriously (and might seem too bullish).
The 600 inadvertently worked out for me. If it had shot past 600, the thread might be obsolete (600 is a given, now 650 a new target or something), but since its hovering, maybe I get a few more comments  (about when it will safely be over 600)  

to jbrnt
yea a quick 2 hrs it was. as for 700, lets see.

to BTCtrader71 again
maybe not best to day trade. as I read YipYay wrote, its not for everyone. I think he said like 3-4% are good at it. You can give it a try I guess.

to UnDerDoG81
I am guessing in july to mid july when its paid for and maybe some news (or maybe no news and it goes away)

to Malin Keshar
I agree. I probably misworded the title. This day just happen to be a friday (the ending of the bidding). 650 by start, lets see.

----------------------------------------------------------------------------------------------------------------------------------

Again, I appreciate the comments. I made the vague title and description, as to not steer the discussion in one way (or to re-hash another thread that has been done - on the coins). In the past, I sometimes became too descriptive (like I know if I mention the coins selling, people might be thinking, "oh another thread about the coins by another schmuck).

I'll describe a little detail. I saw increase in the past few days, and it seems reasonable to believe that 600 is a psychological barrier. (it touched it and went back down), so I guess once people think its worth that much, then 650 or something is the new target.

This spec thread was for the weekend and next week prices for you guys to discuss. Anyways peace

[mmortal03]

I'll describe a little detail. I saw increase in the past few days, and it seems reasonable to believe that 600 is a psychological barrier. (it touched it and went back down), so I guess once people think its worth that much, then 650 or something is the new target.

There's a huge bid wall at $600 right now, ~54 bitcoins to get there, and ~300 more to get above it.

[skottiejay]

Not so sure, I'm skeptical. I'm not a trader by nature I'm not exactly sure we'll see anything above $600 unless something major happens, I'm expecting maybe even a price drop. (i wouldn't complain because i'd find a way to buy as much as possible)

From what I've been watching it's been hovering in the 550 to 600 range for quite a few days now, I don't know where it'll end up, but I don't think we'll rally past 600.

[maker88]

Not so sure, I'm skeptical. I'm not a trader by nature I'm not exactly sure we'll see anything above $600 unless something major happens, I'm expecting maybe even a price drop. (i wouldn't complain because i'd find a way to buy as much as possible)

From what I've been watching it's been hovering in the 550 to 600 range for quite a few days now, I don't know where it'll end up, but I don't think we'll rally past 600.

lol

[skottiejay]

Well I admitted I wasn't a trader, I have no idea what's going on and see no reason why it would go above $600 but I guess it's funny in a way? See here's the part where I say over and over again that I am by no means a trader nor can I speculate well, if anything all of the stuff that's going down might bring the price down but who am I to say? I could be wrong, and that's the best part, I could be wrong and it doesn't matter to me. I don't really own a large piece of the pie, I'm working on some side projects that I could use some bitcoin but it would require me actually having money.

I certainly cannot shell out 600 buckaroos for one btc right now, sorry broseif.

[keithers]

Seems to be endless sell pressure always at $600. We have however gone up today, which is really surprising IMO