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Topic: Which happens 1st: over 5 dollars or under 4 dollars? (Read 2336 times)

legendary
Activity: 2198
Merit: 1311
>5 !!!!!!

Wrong, we already went under 4.
Lol true, but it was barely hitting 4 at the time, I think it'll bounce around a bit and hit 5 by next week.

I very much doubt that.  Remember that as the price climbs the difficulty of burning through the asks increases because the cost of each bitcoin goes up.  Getting through 40kBTC when the price was between 2-3 and 3-4 was much easier than getting through the same number of bitcoins between here and $5.  Also, you can't just look at order book as it is now since as the price goes up lots of bitcoins are going to get thrown up for sale along the way.

I'd be interested to know what the order book looked like last time we went through these values.  My recollection was that it was much lower.
legendary
Activity: 1190
Merit: 1000
www.bitcointrading.com
>5 !!!!!!

Wrong, we already went under 4.
Lol true, but it was barely hitting 4 at the time, I think it'll bounce around a bit and hit 5 by next week.
hero member
Activity: 686
Merit: 500
Bitbuy
Yeah, this is insane. It's too soon to tell yet, but we seem to be consolidating just above 4$, which isn't that far off from the high of 4,50. Consolidating close to highs is a bullish sign and is quite insane after such a big % increase in prices. Short term corrections are usually much more common then. Also there doesn't seem to be building up any selling pressure. It's only ~20k ish BTC to the 5$ mark.

Interesting and volatile times ahead  Grin

It's now ~40k BTC to $5, which I think is a good thing.

Agreed. Slow and steady!
legendary
Activity: 1904
Merit: 1002
legendary
Activity: 1190
Merit: 1000
www.bitcointrading.com
>5 !!!!!!
hero member
Activity: 560
Merit: 501
legendary
Activity: 2198
Merit: 1311
Yeah, this is insane. It's too soon to tell yet, but we seem to be consolidating just above 4$, which isn't that far off from the high of 4,50. Consolidating close to highs is a bullish sign and is quite insane after such a big % increase in prices. Short term corrections are usually much more common then. Also there doesn't seem to be building up any selling pressure. It's only ~20k ish BTC to the 5$ mark.

Interesting and volatile times ahead  Grin

It's now ~40k BTC to $5, which I think is a good thing.
legendary
Activity: 1764
Merit: 1002


You do?  Great.  Where is the price heading to from here so I can place my bets?

is that Zhoutawng?
hero member
Activity: 686
Merit: 500
Bitbuy
Yeah, this is insane. It's too soon to tell yet, but we seem to be consolidating just above 4$, which isn't that far off from the high of 4,50. Consolidating close to highs is a bullish sign and is quite insane after such a big % increase in prices. Short term corrections are usually much more common then. Also there doesn't seem to be building up any selling pressure. It's only ~20k ish BTC to the 5$ mark.

Interesting and volatile times ahead  Grin
legendary
Activity: 2184
Merit: 1056
Affordable Physical Bitcoins - Denarium.com
It won't go straight up but once a reversal this strong happens the market sentiment will go through the roof. There will be corrections as always but now we are going up again. And not just short term.
legendary
Activity: 1692
Merit: 1018


You do?  Great.  Where is the price heading to from here so I can place my bets?
hero member
Activity: 560
Merit: 501
What will happen first?  Under 4, for sure.  Over 5?  Maybe after the dive.  Hitting 6?  Not with the big trader's bag of tricks.


Downer?  More like accurate.  I don't control the market.
legendary
Activity: 1692
Merit: 1018
What will happen first?  Under 4, for sure.  Over 5?  Maybe after the dive.  Hitting 6?  Not with the big trader's bag of tricks.


Downer?  More like accurate.  I don't control the market.
hero member
Activity: 686
Merit: 500
Bitbuy
We went under 4$ due to a small sell-off. We're above 4$ again though. I'm wondering whether that wall at 3,90$ is going to keep us above the 3,9$ mark for consolidation or if we're going to retrace to 3,60-3,70ish before going higher again. Interesting times indeed.
hero member
Activity: 560
Merit: 501
What will happen first?  Under 4, for sure.  Over 5?  Maybe after the dive.  Hitting 6?  Not with the big trader's bag of tricks.
legendary
Activity: 1692
Merit: 1018
What will happen first?  Under 4, for sure.  Over 5?  Maybe after the dive.  Hitting 6?  Not with the big trader's bag of tricks.
member
Activity: 75
Merit: 10
The hoarder in me wants to see it jump and jump quickly to double digit numbers, but the trader in me wants to see the current level of volatility continue... but between $3.50 and $4.50... Wink
legendary
Activity: 1904
Merit: 1002
I made money on the rise in prices earlier today. But do you really think that it is going to continue to go straight up?

No.  Sometimes it will go down briefly.
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