Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[spooderman]

did you really just tl;dr my 7 word post?

Post Traumatic Stress from JJG's posts...

lol i'm here for you bro.

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[BlindMayorBitcorn]

Muhahahaha...  

Look what I found from May:

JayJuanGee. Fatman3001. Gentlemen.

I remember that ..... .. ...


and even though I am now richie....


 I'm still resentful......     

Fatty's gone to live in Patagonia with NLC. I got a post card about it months ago.

[savetherainforest]

Won't sleep until 1000$ in CNY )

Yeah... right..




But who cares anyway... Full steam ahead.. Tear down that wall !!!

[conspirosphere.tk]

https://twitter.com/Schuldensuehner/status/814014723821813760

[Spaceman_Spiff]

Feels good to be long 

[harrymmmm]

Approaching the 78.6% fib line. Doubt it will prove resistance, but guess you never know:

Counting today, 5 of the top 20 days in bitcoin history for BTCUSD price have been the past 5 days.  Only 8 days have been higher than current prices.  It doesn't seem like there would be a large group of people who bought on those 8 days and decided to wait 3 years to see if bitcoin could recover.

Yes, absolutely. I count just ten days where price was higher. How many days have there been since then, over 1000?

Sincere question:

Do you believe the mathematics of fibonacci sequences has anything at all to do with the supply/demand bitcoin market intrinsically?

OR: Do you believe that many traders believe that, so the effect will be the same?

OR: something else?

[TaurusBit]

Sincere question:

Do you believe the mathematics of fibonacci sequences has anything at all to do with the supply/demand bitcoin market intrinsically?

OR: Do you believe that many traders believe that, so the effect will be the same?

OR: something else?

Bitcoin is really different from any asset/commodity. Something like Bitcoin never existed. Thank you Satoshi.

Anyway, traders still look at the same models / lines so you can apply technical analysis to Bitcoin. But don't forget fundamentals.
We had a supply shrinkage after the halving and more and more people want to buy Bitcoin while it's rallying (you can't say the same when the price is going down). Remember, there will be only 21 Million Bitcoins EVER and human greed will make the price skyrocket. Soon, you'll count mB instead of B, owning a full Bitcoin will be hard for the avg people.  

[Spaceman_Spiff]

Sincere question:

Do you believe the mathematics of fibonacci sequences has anything at all to do with the supply/demand bitcoin market intrinsically?

OR: Do you believe that many traders believe that, so the effect will be the same?

OR: something else?

If Fibonacci and TA works, it is because they are able to capture human valuation psychology.  Secondary to that, indeed traders might give temporarily give a sort of positive feedback loop when key resistance levels are broken, causing movements to be violent shortly after passing resistance levels.  Of course all of this is tempered by traders anticipating these patterns and frontrunning them, so the more mature a market is, the less I would expect these patterns to be relevant.

[harrymmmm]

Sincere question:

Do you believe the mathematics of fibonacci sequences has anything at all to do with the supply/demand bitcoin market intrinsically?

OR: Do you believe that many traders believe that, so the effect will be the same?

OR: something else?

If Fibonacci and TA works, it is because they are able to capture human valuation psychology.  Secondary to that, indeed traders might give temporarily give a sort of positive feedback loop when key resistance levels are broken, causing movements to be violent shortly after passing resistance levels.  Of course all of this is tempered by traders anticipating these patterns and frontrunning them, so the more mature a market is, the less I would expect these patterns to be relevant.

Yes. Fib sequences being able to encapsulate human behaviour is part of it - frankly I don't believe the effect is large.

I suspect the truth contains both effects. There are examples of systems like that where 'causes' and 'effects' are hard to label and are in some kind of equilibrium. Example: general relativity where masses tell space how to curve, and then space curvature tells masses how to move.

[Cassius]

Sincere question:

Do you believe the mathematics of fibonacci sequences has anything at all to do with the supply/demand bitcoin market intrinsically?

OR: Do you believe that many traders believe that, so the effect will be the same?

OR: something else?

If Fibonacci and TA works, it is because they are able to capture human valuation psychology.  Secondary to that, indeed traders might give temporarily give a sort of positive feedback loop when key resistance levels are broken, causing movements to be violent shortly after passing resistance levels.  Of course all of this is tempered by traders anticipating these patterns and frontrunning them, so the more mature a market is, the less I would expect these patterns to be relevant.

Yes. Fib sequences being able to encapsulate human behaviour is part of it - frankly I don't believe the effect is large.

I suspect the truth contains both effects. There are examples of systems like that where 'causes' and 'effects' are hard to label and are in some kind of equilibrium. Example: general relativity where masses tell space how to curve, and then space curvature tells masses how to move.

To a significant degree it's a self-fulfilling prophesy. It works because people think other people think it works, and anticipate how they will act.
Kind of wacky, but there it is.

[Spaceman_Spiff]

Kraken taking the lead.

[madmat]

Kraken taking the lead.

Yes, new ATH in € every hour. 926€ just now!!!!!

[600watt]

have sold some btc. it was a sacrifice for my fellow forum members.

price may explode now.

i did it for you....

 

[gembitz]

bitcoin $1000 new floor !   

[2017Bubble]

What is the ATH in yuan?

[kehtolo]

What is the ATH in yuan?

8000

[600watt]

What is the ATH in yuan?

8k

[boyshx]

phew. good thing I didn't bet for Bitcoin to not reach the 1000$ in the bitcoin gambling sites. I would be sweating right now

[Lauda]

What is the ATH in yuan?

8k

Looks about right, considering that at the current exchange rate 8000 CNY is ~1150$.


The Speculation spammer looks like he/she is in panic mode.

[Zangelbert Bingledack]

We have a date with history, gentlemen.