$55 the next psychological barrier - page 2.

Vladimir

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Quote from: Gator-hex on March 19, 2013, 09:09:07 AM

Who knows where the price can go with http://maxkeiser.com
pumping it claiming BTC going to $10k-$100k, now claiming $200k!

His message is going out on RT and reaching 550 million eyeballs in 100 countries.

Previously he was pumping "$500 silver if you want it" but it only got to $50. Wink

damn, Bitcoin will worth not 1 000 000$ but only 100 000$ Ohhh everything is lost!

RodeoX

legendary

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The revolution will be monetized!

Quote from: Gator-hex on March 19, 2013, 09:09:07 AM

Who knows where the price can go with http://maxkeiser.com
pumping it claiming BTC going to $10k-$100k, now claiming $200k!

His message is going out on RT and reaching 550 million eyeballs in 100 countries.

Previously he was pumping "$500 silver if you want it" but it only got to $50. Wink

Max Keiser Roll Eyes

RT

Jenger

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It already hit $55

Gator-hex

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Who knows where the price can go with http://maxkeiser.com
pumping it claiming BTC going to $10k-$100k, now claiming $200k!

His message is going out on RT and reaching 550 million eyeballs in 100 countries.

Previously he was pumping "$500 silver if you want it" but it only got to $50. Wink

zeocrash

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Quote from: RodeoX on March 19, 2013, 08:46:45 AM

very dollar-centric theory. What about pounds, Euros, yen, etc.

When I woke up and saw the price I did not think "wow, over $54" I thought "wow, over £36". This is a global phenomena.

True but the previous psychological barrier was a USD figure not a GBP or EUR figure. News reports usually quote the price in USD.

Quote from: Vladimir on March 19, 2013, 08:50:32 AM

Quote from: zeocrash on March 19, 2013, 08:42:52 AM

Quote from: Vladimir on March 19, 2013, 08:39:51 AM

common sense

you think the price will just shoot non stop to $100 without pausing??

Look at the title of the thread: $55 the next psychological barrier.

You still live in mid 2012 where 5$ move was of significance. Now it is less than 10%. 60$ 70$ 80$ and 90$ are not going to be a psychological barrier. 100$ will be.

Stop thinking in $ terms, start thinking in % terms. 100$ is only 81% above current price. This can be taken out in one week (yep it is a bit extreme, I admit).

From what i see of the bitcoin price, it seems to surge rapidly, then stagnate for a period, between a psychological upper and lower bound (last week has been between $45 and $50). In terms of percentages the $5 rise is still 10% of bitcoin's yesterday value (which makes for a nice psychological barrier) . It's a big growth but, despite bitcoin's past performance this year, people are still cautious in-case bitcoin drops back to the $40s

Jenger

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Yes a barrier ever $5 increments is ridiculous.

I'm not sure where the next barrier will lie yet.

bowen151

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Caveat Emptor

Quote from: Vladimir on March 19, 2013, 08:36:05 AM

No! The next psychological barrier is 100$.

This is what I was thinking also Vlad, why would it be 55 OP? thats far too close to be a "barrier"

eklass

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Psychological? No.

"Nice round number" barrier? Yes.

There are order walls at most of the "nice round numbers", just as there are supports at these types numbers.

Vladimir

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Quote from: zeocrash on March 19, 2013, 08:42:52 AM

Quote from: Vladimir on March 19, 2013, 08:39:51 AM

common sense

you think the price will just shoot non stop to $100 without pausing??

Look at the title of the thread: $55 the next psychological barrier.

You still live in mid 2012 where 5$ move was of significance. Now it is less than 10%. 60$ 70$ 80$ and 90$ are not going to be a psychological barrier. 100$ will be.

Stop thinking in $ terms, start thinking in % terms. 100$ is only 81% above current price. This can be taken out in one week (yep it is a bit extreme, I admit).

shinkicker

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I am keeping a very watchful eye, that is for sure

RodeoX

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The revolution will be monetized!

very dollar-centric theory. What about pounds, Euros, yen, etc.

When I woke up and saw the price I did not think "wow, over $54" I thought "wow, over £36". This is a global phenomena.

zeocrash

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Quote from: Vladimir on March 19, 2013, 08:39:51 AM

common sense

you think the price will just shoot non stop to $100 without pausing??

Vladimir

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common sense

zeocrash

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Quote from: Krabby on March 19, 2013, 08:30:09 AM

That's an interesting theory.
I'm just worried about it crashing soon.

well the price seems to keep bouncing up against the $55 mark and there is a sharp rise in ask volume at $55.

Quote from: Vladimir on March 19, 2013, 08:36:05 AM

No! The next psychological barrier is 100$.

based on what??

Vladimir

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No! The next psychological barrier is 100$.

gaston909

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Crash or crashing should be identified as swearwords.

Krabby

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https://primedao.eth.link/#/

That's an interesting theory.
I'm just worried about it crashing soon.

zeocrash

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the last psychological barrier was $50. By that i mean that while people would happily spend $49.99 per bitcoin, the $50 mark would cause them to have second thoughts. Now that seems to have been shattered it seems as though the $55 mark is the next psychological barrier.

Opinions pls

Topic: $55 the next psychological barrier - page 2. (Read 1783 times)