cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 13, 2012, 04:46:34 PM |
|
nice knowin ya.
|
|
|
|
N12
Donator
Legendary
Offline
Activity: 1610
Merit: 1010
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 13, 2012, 04:50:17 PM |
|
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.
|
|
|
|
Technomage
Legendary
Offline
Activity: 2184
Merit: 1056
Affordable Physical Bitcoins - Denarium.com
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 13, 2012, 05:16:11 PM |
|
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.
|
Denarium closing sale discounts now up to 43%! Check out our products from here!
|
|
|
jimbobway
Legendary
Offline
Activity: 1304
Merit: 1015
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 13, 2012, 05:19:38 PM |
|
|
|
|
|
notme
Legendary
Offline
Activity: 1904
Merit: 1002
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 13, 2012, 08:10:49 PM |
|
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.
|
|
|
|
mc_lovin
Legendary
Offline
Activity: 1190
Merit: 1000
www.bitcointrading.com
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 13, 2012, 09:43:58 PM |
|
$6.50 by friday methinks.
|
|
|
|
ineededausername
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 13, 2012, 10:21:14 PM |
|
$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
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 14, 2012, 06:37:37 PM |
|
$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.
|
|
|
|
silverbox
Legendary
Offline
Activity: 966
Merit: 1003
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 14, 2012, 06:38:43 PM |
|
Step right this way!! ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 14, 2012, 07:06:34 PM |
|
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
|
|
|
|
N12
Donator
Legendary
Offline
Activity: 1610
Merit: 1010
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 19, 2012, 08:50:52 PM |
|
Hello again cypherdoc.
|
|
|
|
P_Shep
Legendary
Offline
Activity: 1795
Merit: 1208
This is not OK.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 19, 2012, 10:46:27 PM |
|
I've run out of money and it's still going down.
Bollocks.
Bought WAY too soon!
|
|
|
|
P_Shep
Legendary
Offline
Activity: 1795
Merit: 1208
This is not OK.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 19, 2012, 10:48:38 PM |
|
Mental. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
|
|
|
SkRRJyTC
Legendary
Offline
Activity: 1008
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 19, 2012, 10:52:24 PM |
|
|
|
|
|
Hunterbunter
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 19, 2012, 10:54:05 PM |
|
yeah wtf! 60k btc bought...$300k just went in but it's still going down(?). was that you proudhon?
|
|
|
|
BadBear
v2.0
Legendary
Offline
Activity: 1652
Merit: 1128
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 19, 2012, 10:54:56 PM |
|
The bears broke it ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
|
|
|
|
stochastic
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 19, 2012, 11:30:16 PM |
|
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.
|
|
|
Hunterbunter
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 19, 2012, 11:39:34 PM |
|
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.
|
|
|
|
Hunterbunter
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 20, 2012, 05:40:45 AM |
|
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. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi43.tinypic.com%2F29oioax.png&t=665&c=LB3PG4jEXM38UQ)
|
|
|
|
Bigpiggy01
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 20, 2012, 07:23:04 AM |
|
I suspect that at least some of this drop was caused by Mt Gox having bank issues in Hong Kong.
|
|
|
|
|