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

[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.

[petahashminer]

6945 yuans at OKCOIN

is this $1000

no not now it is just $999

waiting for gentleman.

[Spaceman_Spiff]

We have a date with history, gentlemen.

Been a while since you have been around !

You have picked the right time: moving on up !

[megadeth]

We have a date with history, gentlemen.

You were missed, welcome back!

[Elwar]

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

Back in 2013 I spent $50 on a 1 bitcoin bet saying the price would be $10,000 by the end of this month.

Unfortunately for those that bet against me the site went down a few years ago.

[LFC_Bitcoin]

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

Back in 2013 I spent $50 on a 1 bitcoin bet saying the price would be $10,000 by the end of this month.

Unfortunately for those that bet against me the site went down a few years ago.

No fear Elwar, you may have been wrong with your prediction, date wise but I have no doubt we'll break $10,000 within 3-4 years.

[kehtolo]

OKCoin touched CNY 6955..

CNY 6955 = $1000!!!

[abercrombie]

oldie but goodie!

[gembitz]

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.

^china shuts down bitcoin!!!*pounding the table*   

[iqlimasyadiqa]

This is a very fast movement of bitcoin. we noticed an improvement in bitcoin prices are so high. This highly anticipated by everyone. going on a pump that will benefit us all.