cypherdoc (OP)
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Activity: 1764
Merit: 1002
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March 13, 2012, 04:46:34 PM |
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nice knowin ya.
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N12
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Activity: 1610
Merit: 1010
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March 13, 2012, 04:50:17 PM |
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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.
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Technomage
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Activity: 2184
Merit: 1056
Affordable Physical Bitcoins - Denarium.com
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March 13, 2012, 05:16:11 PM |
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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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jimbobway
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Activity: 1304
Merit: 1014
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March 13, 2012, 05:19:38 PM |
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notme
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Activity: 1904
Merit: 1002
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March 13, 2012, 08:10:49 PM |
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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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mc_lovin
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Activity: 1190
Merit: 1000
www.bitcointrading.com
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March 13, 2012, 09:43:58 PM |
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$6.50 by friday methinks.
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ineededausername
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March 13, 2012, 10:21:14 PM |
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$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
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Cosbycoin
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March 14, 2012, 06:37:37 PM |
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$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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silverbox
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Activity: 966
Merit: 1003
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March 14, 2012, 06:38:43 PM |
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Step right this way!!  |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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March 14, 2012, 07:06:34 PM |
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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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N12
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Activity: 1610
Merit: 1010
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March 19, 2012, 08:50:52 PM |
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Hello again cypherdoc.
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P_Shep
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Activity: 1795
Merit: 1198
This is not OK.
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March 19, 2012, 10:46:27 PM |
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I've run out of money and it's still going down.
Bollocks.
Bought WAY too soon!
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P_Shep
Legendary
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Activity: 1795
Merit: 1198
This is not OK.
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March 19, 2012, 10:48:38 PM |
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Mental.  |
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SkRRJyTC
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Activity: 1008
Merit: 1000
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March 19, 2012, 10:52:24 PM |
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Hunterbunter
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March 19, 2012, 10:54:05 PM |
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yeah wtf! 60k btc bought...$300k just went in but it's still going down(?). was that you proudhon? |
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BadBear
v2.0
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Activity: 1652
Merit: 1127
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March 19, 2012, 10:54:56 PM |
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The bears broke it  |
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stochastic
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March 19, 2012, 11:30:16 PM |
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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.
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Introducing constraints to the economy only serves to limit what can be economical.
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Hunterbunter
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March 19, 2012, 11:39:34 PM |
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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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Hunterbunter
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March 20, 2012, 05:40:45 AM |
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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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Bigpiggy01
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March 20, 2012, 07:23:04 AM |
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I suspect that at least some of this drop was caused by Mt Gox having bank issues in Hong Kong.
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