25 May '14, 4am

Is the 550 mark a challenge?: Is getting above the $550 mark a challenge for the btc?

Quote from: keithers on Today at 04:47:14 AM I agree here, each $50 seems to provide an additional psychological level of resistance. People tend to sell off more at each increment. I really don't see much merit in this idea. While it's true people like to think in terms of easy numbers when people sell off/buy in they you don't see the orderbook filled with 550 exactly for both the buy or sell options. Buyers want the cheapest, not the nearest nice increment, and sellers want the most, not the nearest nice increment. As to your second statement, that depends on who is selling - those with higher expectations won't sell off until those are reached and so may not actually offer a sell option.

Full article: https://bitcointalk.org/index.php?topic=624167.0

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