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Author Topic: Bye Bye $4's  (Read 3396 times)
cypherdoc
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March 13, 2012, 04:46:34 PM
 #1

nice knowin ya.
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Blitz­
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March 13, 2012, 04:50:17 PM
 #2

Don’t worry, unless we can spark the next major leg up (underlying media attention etc.), we’ll probably see them again.

I sure hope for that next major wave though.

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
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March 13, 2012, 05:16:11 PM
 #3

I agree with the OP. Bitcoin is Bitcoin though, nothing is certain, but I would not be surprised at all if we never see below $5 again (with the exception of Bitcoin failing entirely for some reason). The support at $4+ after such bad news has been so impressive that going below $5 now would be very strange.

My predictions have been spot on recently. I anticipated that $5 will be a difficult psychological barrier and that it's only a matter of time when we break it. The support at $4+ has been so impressive in my opinion. Very interesting to see how the market behaves now though, will this boost confidence and lead to a bigger breakout or will we stall at low fives.

It's becoming obvious to everyone that Bitcoin has grown to be significant enough to support $5 but the question is can it support $6 and beyond at this stage. I guess we'll see in the coming months.

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March 13, 2012, 05:19:38 PM
 #4

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notme
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March 13, 2012, 08:10:49 PM
 #5

I agree with the OP. Bitcoin is Bitcoin though, nothing is certain, but I would not be surprised at all if we never see below $5 again (with the exception of Bitcoin failing entirely for some reason). The support at $4+ after such bad news has been so impressive that going below $5 now would be very strange.

My predictions have been spot on recently. I anticipated that $5 will be a difficult psychological barrier and that it's only a matter of time when we break it. The support at $4+ has been so impressive in my opinion. Very interesting to see how the market behaves now though, will this boost confidence and lead to a bigger breakout or will we stall at low fives.

It's becoming obvious to everyone that Bitcoin has grown to be significant enough to support $5 but the question is can it support $6 and beyond at this stage. I guess we'll see in the coming months.

I whole shitload of resistance just became support.  A wise bear knows when to lick his wounds.

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March 13, 2012, 09:43:58 PM
 #6

$6.50 by friday methinks.

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March 13, 2012, 10:21:14 PM
 #7

$6.50 by friday methinks.

wow, thinking big...

How much do you want to bet on that?  I'll bet ~10-20 BTC at decent odds if you're willing.

(BFL)^2 < 0
Cosbycoin
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March 14, 2012, 06:37:37 PM
 #8

$6.50 by friday methinks.

wow, thinking big...

How much do you want to bet on that?  I'll bet ~10-20 BTC at decent odds if you're willing.

Post like these make bitcoin seem like a casino.
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March 14, 2012, 06:38:43 PM
 #9

Step right this way!!  Tongue
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March 14, 2012, 07:06:34 PM
 #10

if we dont hit 5.5 this week we go down at 4

lol, kinda feels like we are going to hit 5.5 in a few hours

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March 19, 2012, 08:50:52 PM
 #11

Hello again cypherdoc.

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
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March 19, 2012, 10:46:27 PM
 #12

I've run out of money and it's still going down.

Bollocks.

Bought WAY too soon!
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March 19, 2012, 10:48:38 PM
 #13

Mental.  Grin
SkRRJyTC
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March 19, 2012, 10:52:24 PM
 #14

Mental.  Grin
http://i.imgur.com/pVjpF.png
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March 19, 2012, 10:54:05 PM
 #15


yeah wtf! 60k btc bought...$300k just went in but it's still going down(?).

was that you proudhon?
BadBear
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March 19, 2012, 10:54:56 PM
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The bears broke it  Wink

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stochastic
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March 19, 2012, 11:30:16 PM
 #17

With USD, things above $5 trade differently than things below $5.  $5 just has a strong psychological impact.  Think of the difference between buying something for $4.99 and $5.01.  That 5 just hits you.  It is one of the reason why NYSE and NASDAQ require a per share stock value to be above $5 to be listed on their exchanges.

Introducing constraints to the economy only serves to limit what can be economical.
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March 19, 2012, 11:39:34 PM
 #18

With USD, things above $5 trade differently than things below $5.  $5 just has a strong psychological impact.  Think of the difference between buying something for $4.99 and $5.01.  That 5 just hits you.  It is one of the reason why NYSE and NASDAQ require a per share stock value to be above $5 to be listed on their exchanges.

The price certainly looks to have spent more time hanging around $5 than any other number in the daily chart from start...$15 seems to be second. In this last wave price up to $5 was slow, and it accelerated afterwards also, supporting what you say.
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March 20, 2012, 05:40:45 AM
 #19


yeah wtf! 60k btc bought...$300k just went in but it's still going down(?).

was that you proudhon?
that order was canceled

Well something was bought...I remember a 30k order or something being cancelled, perhaps that was only a portion of it.

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March 20, 2012, 07:23:04 AM
 #20

I suspect that at least some of this drop was caused by Mt Gox having bank issues in Hong Kong.


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