Yeah... who would want those incompetent self-centered nutjobs running the show ?
After all this time, you _still_ don't get it. This is Bitcoin. Permissionless. There is no 'running the show'. |
|
|
|
If you realize why XT, Classic, BU, BCash etc has failed ... Hahaha. The story has not reached its epic conclusion, but the die had been cast. If Bitcoin Cash never progresses from its current position, it will already have succeeded. But it will be much more than now. By working together, XT, Classic, BU, ABC, and others have launched a winner, poised to take the crown. All in due time. |
|
|
|
That also sends a signal to the market that the "upgrade" is unanimously consensutated, even if it is done in a forcible way.
So is it logic that you don't understand, or is it English that you don't understand? |
|
|
|
|
Runnin' the table... Feels good
|
|
|
|
We don't need to tear down the old corrupt system physically (through violence), we simply need to find financial ways and means to opt out of it completely. Then it will crumble.
I like this sentiment, and am hopeful that it is true. |
|
|
|
Not a French Revolution style revolt please. I want to keep my head.
If you are not a wealthy Oligarch banker then you have nothing to worry about. Once the bloodlust of the guillotine takes hold, the backing behind the wealth matters none. To an impoverished rabble rouser, one enriched on a permissionless, uncensorable, peer to peer currency is indistinguishable from a vampire squidlet. Tl;dr careful what you wish for. |
|
|
|
Fractional reserve is impossible with LN
Ha. Hahaha. Hahahahahahahahaha! You've obviously thought through how the system will naturally evolve. |
|
|
|
Money is about trust, and can you trust the people behind BCH to act responsibly and not out of their own interest?
I don't think you understand bitcoin. The only thing that makes the entire system work is that Satoshi found the way to align everyone's own interests with what is beneficial for the network as a whole. |
|
|
|
On that note:
Everybody please make sure to call this thing BCASH not Bitcoin Cash.
Can't, you ignorant fool. Bcash is another coin altogether. |
|
|
|
Subtract the price at swing low $1830 from previous swing high $2980 to get $1150. Multiply $1150 by 1.618 to get $1860.7. Add that $1860.7 to the $1830 low to get the 1.618 first Fibonacci extension of $3690.7 then repeat for the higher extensions.
Got it. So why do people think it works? What is the theory? Empirical based on backtesting across numerous markets? Fibonacci retracements and extensions are based on the Fibonacci sequence of numbers. The Golden Ratio 1.618 is found everywhere in nature and also bitcoin charts. Traders have been using Fibonacci for decades because it has been shown to work with markets. Back in January 2015 since I knew the bitcoin low was $152 at that time and the previous ATH was $1163 I could predict a possible future bitcoin price of $2798 from the 2.618 Fibonacci extension. Do you see how Fibonacci can be useful now? In this case it could have helped a smart trader avoid taking profits too early. Yeah, I'm familiar with Fibonacci and his work, just not as applied to markets. If you tell me this happens to be observed in formal empirical backtesting, I can believe it. But only as applied to those markets. If you tell me it is anything else, I am not so inclined to believe it. I've seen some spectacular (so-called) Bitcoin Fibonacci prediction fails. Accordingly, without (again) formal empirical backtesting against specifically Bitcoin, I am not inclined to put any faith in it. The fact that this method (is claimed to) work with more typical markets such as stocks and/or bonds, coupled with the knowledge that cryptocurrency is very uncorrelated with any other asset class, makes me further disinclined to believe its applicability to this market. Any way you look at it, if it works at all in any market, I am inclined to beleive it says more about crowd behavior than any real fundamental mechanism. Long story short, until I see some backtesting against Bitcoin, I am unlikely to put any faith in it whatsoever. But now at least I know where the mapping of the Fib Numbers to predicted levels come from. Thanks. |
|
|
|
Subtract the price at swing low $1830 from previous swing high $2980 to get $1150. Multiply $1150 by 1.618 to get $1860.7. Add that $1860.7 to the $1830 low to get the 1.618 first Fibonacci extension of $3690.7 then repeat for the higher extensions.
Got it. So why do people think it works? What is the theory? Empirical based on backtesting across numerous markets? |
|
|
|
Thanks. So the calculation is based upon 0.5 being the halfway point between the local high and the local low? |
|
|
|
snapshot is 7th ? I thought 9th before.  It is 7th, always at the full moon (Which is not same date every month). In september it is 6th. Just search google for full moon and you can see. August is the Full Sturgeon Moon.  https://www.youtube.com/watch?v=jiRUNI_GDwk |
|
|
|
While that's all lulzy and shit, it may be pointed out that -- at this moment -- core is vulnerable to the exact same attack. Well indeed, but since Gox I don't think anyone making automated transactions (i.e. an exchange) has used code so badly written as to be vulnerable to this old hack. Not until these ViaBTC jokers, their second division coders, and their laughable, clumsy, politically motivated attempt to hijack bitcoin. I don't think you understand how malleability works. Nor how widespread and cooperative the Bitcoin Cash movement is. |
|
|
|
$3690 is a 1.618 Fibonacci extension a logical price for a pause or profit taking.
I'm ignorant. From $2280? Why? |
|
|
|
thanks for posting this i appriciate it and later this weekend i'm thinking of releasing a new guess game i hope it was a good one and not to annoying with the updates sometimes ..... Respect. I half expected you to bail. Just 'cause that's a lot of money, not because I was able to make a(n incorrect) character determination from your postings. |
|
|
|
While that's all lulzy and shit, it may be pointed out that -- at this moment -- core is vulnerable to the exact same attack. |
|
|
|
In this moment, I am serene.
Me too, especially when BITCOIN's price and hash rate are still increasing. Indeed. So why the angst over a fork? You should ask the Bitcoin Cash supporters that. Why they are here in the BITCOIN sub forum, Because Bitcoin Cash is Bitcoin, silly. |
|
|
|
|
Show Posts
Thank you one more time 
