Topic: Whats with the $19 barrier - page 2. (Read 4054 times)
It already was 19.23 three days ago. Went down though.
A correction is a good thing for people who want to buy bitcoins.
Of course. I long for a 0.00001$/btc temporal correction.
It's very simple. There are so many asks (people who ask for 19$/btc) that we just haven't surpassed that barrier. Today there's not so much movement as yesterday (1M$ yesterday, today it will be less than 400k), but btc buyers keep buying at around 19.
So the market is bullish, but there are too many sellers for not enough buyers to rise price.
Bullish means that price tries to rise (and with enough buyers, it will eventually rise). A correction is only a good thing if bitcoins are overvalued (I don't think they are).
So the market is bullish, but there are too many sellers for not enough buyers to rise price.
Why is that bullish? What could we fear from that? Why is a correction a good thing?
Bullish means that price tries to rise (and with enough buyers, it will eventually rise). A correction is only a good thing if bitcoins are overvalued (I don't think they are).
A correction is a good thing for people who want to buy bitcoins.
It's very simple. There are so many asks (people who ask for 19$/btc) that we just haven't surpassed that barrier. Today there's not so much movement as yesterday (1M$ yesterday, today it will be less than 400k), but btc buyers keep buying at around 19.
So the market is bullish, but there are too many sellers for not enough buyers to rise price.
Bullish means that price tries to rise (and with enough buyers, it will eventually rise). A correction is only a good thing if bitcoins are overvalued (I don't think they are).
So the market is bullish, but there are too many sellers for not enough buyers to rise price.
Why is that bullish? What could we fear from that? Why is a correction a good thing?
Bullish means that price tries to rise (and with enough buyers, it will eventually rise). A correction is only a good thing if bitcoins are overvalued (I don't think they are).
Im not very good at short time trading, but if it stays around $18-$19 and does not correct more it will be a very bullish sign.
Why is that bullish? What could we fear from that? Why is a correction a good thing?
There's always a sell off after a huge run up like the one we had to start the month. The fact the price didn't go back down to $15 shows that there were a whole bunch of new buyers - very bullish indeed.
It'll crack $20 today - bet on it.
It'll crack $20 today - bet on it.
Yeah I thought so too, im a bit of a quote whore lol!
I need the price to go up as I need to pay off my $7500 server thats coming this week lol
I need the price to go up as I need to pay off my $7500 server thats coming this week lol
If you are not willing to loose money dont invest it. After the absolutely abnormal rise of bitcoins this last two weeks its more than normal that the price is not going up for a while. Im actually very surprised that it has not gone down to $15 or so. It would be a normal correction. Im not very good at short time trading, but if it stays around $18-$19 and does not correct more it will be a very bullish sign.
Things take time you know. This is the first actual free market, so let's see how the market reacts. Who knows, maybe we'll drop back to earth at like $13 to $15 or something, and you can buy some cheapies 
The price has skyrocketed within the past few months, prior to that it usually grew at a much slower rate. I wouldn't be surprised if it slows down again really soon.
yeah. irritating, innit it? oh well - patience. spend some bitcoin.
love the edison quote, BTW.
love the edison quote, BTW.
Yeah I thought so too, im a bit of a quote whore lol!
I need the price to go up as I need to pay off my $7500 server thats coming this week lol
yeah. irritating, innit it? oh well - patience. spend some bitcoin.
love the edison quote, BTW.
love the edison quote, BTW.
http://mtgoxlive.bco.in/orders
Why isnt the value going over $19, there seems to be a weird invisible barrier, and this I think is counter arguing the thoughts of some that itll hit $100 soon... it cant even hit $20!
Why isnt the value going over $19, there seems to be a weird invisible barrier, and this I think is counter arguing the thoughts of some that itll hit $100 soon... it cant even hit $20!
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