As it stands with 27 votes cast, I'm curious who the 25% are who think bitcoin will never again break $110, when it is currently $1.21 (or about 1%) away from doing so???
Does not mean anything.
1 euro is only 1.34 usd from being at a price equals to -0.01 usd. But -0.01 usd will never be reached.
Of course, btc/usd is more volatile that eur/usd, but that does not mean that btc/usd must increase. It can go down to 10 usd by tomorrow and never reach 15 usd never ever again.
1) Why -0.01 instead of 0.01? I don't believe currencies can have negative value.
2) Going from $1.34 to $0.01 is a 99.254% price move. Going from $108.79 (the value of BTC at the time of my post) to $110.01 is a 1.109% price move. Suggesting that these two moves are comparable is ridiculous, especially from a technical stand point.
3) Bitcoin broke over $110 less than 24 hours after my post. (of course its back down now)
In your defense, you are correct, there is no promise that price will ever go over $110 again, but it is much more likely to happen when that price requires less than a 2% move.
