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

[jbreher]

ViaBTC stop moving BCH (if and when a block turns up) because malleability.

Beyond hilarious. Coffee across keyboard.

https://twitter.com/ViaBTC/status/893744282087047168

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.

[Last of the V8s]

Should I worry about Roger's SegWit2x new coin?

How are we gonna call it? Saw someone commenting on Roger's infamous shitlet he would call it NYACoin...

what this one? https://www.reddit.com/r/btc/comments/6rqvdg/announcing_bcash_a_new_cryptocurrency_with_zcash/

anyway, no. whichever new coin comes along, worrying is verboten, bitcoin can absorb all these.

call it 'yet another new shitcoin'

[Colonel Panic]

ViaBTC stop moving BCH (if and when a block turns up) because malleability.

Beyond hilarious. Coffee across keyboard.

https://twitter.com/ViaBTC/status/893744282087047168

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.

Think what you like!

[BitcoinNewsMagazine]

$3690 is a 1.618 Fibonacci extension a logical price for a pause or profit taking.

I'm ignorant. From $2280? Why?

Hope this helps. Fibonacci extensions drawn from most recent swing high to swing low.

[hv_]

Should I worry about Roger's SegWit2x new coin?

How are we gonna call it? Saw someone commenting on Roger's infamous shitlet he would call it NYACoin...

what this one? https://www.reddit.com/r/btc/comments/6rqvdg/announcing_bcash_a_new_cryptocurrency_with_zcash/

anyway, no. whichever new coin comes along, worrying is verboten, bitcoin can absorb all these.

call it 'yet another new shitcoin'

Lol. Nice sybil attack to name attackers...

[Last of the V8s]

Should I worry about Roger's SegWit2x new coin?

How are we gonna call it? Saw someone commenting on Roger's infamous shitlet he would call it NYACoin...

what this one? https://www.reddit.com/r/btc/comments/6rqvdg/announcing_bcash_a_new_cryptocurrency_with_zcash/

anyway, no. whichever new coin comes along, worrying is verboten, bitcoin can absorb all these.

call it 'yet another new shitcoin'

Lol. Nice sybil attack to name attackers...

Yes it's fun. I call dibs on 'cash btc'.

But I'm not sure that one is the one deepcolderwallet meant.

Anyway, they're all going down.

[gembitz]

bitcoin may reach $5000 by monday.... sell farm ~ buy BTCBTC           $$$

[jbreher]

$3690 is a 1.618 Fibonacci extension a logical price for a pause or profit taking.

I'm ignorant. From $2280? Why?

Hope this helps. Fibonacci extensions drawn from most recent swing high to swing low.

https://bitcoinnewsmagazine.com/wp-content/uploads/2015/09/dailyfibextensions.png

Thanks. So the calculation is based upon 0.5 being the halfway point between the local high and the local low?

[pfrtlpfmpf]

The lending percentage on polo has gone down dramatically. but I can´t switch from clicking to "not clicking". Makes no sense to me  

[criptix]

Parity with BCH.

 

We need a new poll please.
And btw. A little bit more fomo and 4000 is definitely in.

[Globb0]

Genius, split off a coin then dump it to pump the main coin.

Can it repeat a few times?

[BitcoinNewsMagazine]

$3690 is a 1.618 Fibonacci extension a logical price for a pause or profit taking.

I'm ignorant. From $2280? Why?

Hope this helps. Fibonacci extensions drawn from most recent swing high to swing low.

https://bitcoinnewsmagazine.com/wp-content/uploads/2015/09/dailyfibextensions.png

Thanks. So the calculation is based upon 0.5 being the halfway point between the local high and the local low?

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.

[pfrtlpfmpf]

My girlfriend is so happy, that i have a proper hobby, i mean, i could be buying lambos, and paying for the upkeep. She doesn´t know, what she has here, half the time !

[jbreher]

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?

[becoin]

$3690 is a 1.618 Fibonacci extension a logical price for a pause or profit taking.

I'm ignorant. From $2280? Why?

Hope this helps. Fibonacci extensions drawn from most recent swing high to swing low.

https://bitcoinnewsmagazine.com/wp-content/uploads/2015/09/dailyfibextensions.png

Thanks. So the calculation is based upon 0.5 being the halfway point between the local high and the local low?

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.

This is Bitcoin! All this TA is useless. So many people were tempted to short the "top" and got REKT.  Why didn't you learn anything from past 8 years?

[bitserve]

So true. At this time Bitcoin market is way more influenced by fundamentals, like the obvious and predictable impact of segwit approval, overcoming the Bitcoin Cash "attack", etc etc.... But, fibonacci levels have some importance too because they define some psicological levels that have some resistance on human behaviour.

[Last of the V8s]

much technical
very analysis
wow

[rjclarke2000]

$3690 is a 1.618 Fibonacci extension a logical price for a pause or profit taking.

I'm ignorant. From $2280? Why?

Hope this helps. Fibonacci extensions drawn from most recent swing high to swing low.

https://bitcoinnewsmagazine.com/wp-content/uploads/2015/09/dailyfibextensions.png

Thanks. So the calculation is based upon 0.5 being the halfway point between the local high and the local low?

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.

I should have paid more attention at school. Wow

[Asrael999]

much technical
very analysis
wow

Buy doge?

[BitcoinNewsMagazine]

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.