who is fluffy? 
haa lolll
you must know surely https://twitter.com/fluffypony https://bitcointalksearch.org/user/fluffypony-94840 haa lolllRiccardo Spagni developer of
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16381. (Read 26576739 times)
September 10, 2017, 11:30:26 AM
Riccardo Spagni developer of
September 10, 2017, 10:14:16 AM
Why people saying that the price should be 3800??
Fibonacci extension based reasoning.Thank you. This number appears in every discussion that I have seen.
September 10, 2017, 10:02:59 AM
it's probably embarrassment
who is fluffy?
haa lolllI agree! BTC is very strong,amazing! The next bull run will be epic
But I just bought a few Btc and invested it in Waves, waves is the a game changer in crypto in my opinion.
https://www.tradingview.com/chart/WAVESBTC/6UwhmDiu-Waves-very-LONG-October-10th/
https://www.tradingview.com/chart/WAVESBTC/gd5sSen1-Waves-BTC/
best wishes, your Altcoinanalytics
September 10, 2017, 07:50:44 AM
it's probably embarrassment
who is fluffy?
haa lolll September 10, 2017, 07:47:38 AM
September 10, 2017, 07:40:48 AM
Fairly decent system for proving bitcoin holdings. Once a month move of coins. I think a signed proof would work just as well.
September 10, 2017, 06:57:02 AM
Quote
Can one Bitcoin buy the same amount of goods as 4,600 dollar bills?
Ummm...yes.
You go out and buy $4600 worth of goods...using bitcoin.
Speaking of using bitcoin as a currency...
Theoretically, what would you think about using bitcoin as a reserve currency for an alt coin which could eventually become the currency for a small nation?
I was watching Andreas give a talk about the difficulties of using gold as a reserve due to people going to check the reserves and finding that there is no gold. With Bitcoin you can publicly verify the reserves.
Also, over the years bitcoin's volatility is going down and will only decrease over time as the market cap grows. Currently being less volatile than 20 national currencies.
What might be the best mechanism for ensuring such a reserve as far as people being able to trade their coin in for bitcoins at any time?
Just brainstorming.
is this any thing like it
https://audit.vaultoro.com/
September 10, 2017, 06:27:20 AM
Quote
Can one Bitcoin buy the same amount of goods as 4,600 dollar bills?
Ummm...yes.
You go out and buy $4600 worth of goods...using bitcoin.
Speaking of using bitcoin as a currency...
Theoretically, what would you think about using bitcoin as a reserve currency for an alt coin which could eventually become the currency for a small nation?
I was watching Andreas give a talk about the difficulties of using gold as a reserve due to people going to check the reserves and finding that there is no gold. With Bitcoin you can publicly verify the reserves.
Also, over the years bitcoin's volatility is going down and will only decrease over time as the market cap grows. Currently being less volatile than 20 national currencies.
What might be the best mechanism for ensuring such a reserve as far as people being able to trade their coin in for bitcoins at any time?
Just brainstorming.
September 10, 2017, 06:20:19 AM
Source : http://www.zerohedge.com/news/2017-09-09/howard-marks-graciously-admits-he-was-wrong-sees-no-reason-why-bitcoin-cant-be-curre
Quote
Being willing to agree that Bitcoin may become an accepted medium of exchange is not the same as saying you should buy it now to make money. Think about the fact that the price of Bitcoin has risen more than 350% so far this year and 3,900% in the last three years. To the degree people argue that Bitcoin is a currency, then (a) why is it so volatile? and (b) is that desirable? You might want to consider whether a real currency can do that, or whether speculative buying is determining Bitcoin’s price. And whether what’s gone up can come down.
The immediate issue of Bitcoin as a currency still comes down to the question of whether today’s price is right. The price of a Bitcoin is around $4,600 today. Can one Bitcoin buy the same amount of goods as 4,600 dollar bills? Or the much higher amounts that Bitcoin bulls think it will soon be worth? I don’t think we have enough information to know, but the question isn’t irrelevant.
If it were, this would be another case of “there’s no price too high.”
The immediate issue of Bitcoin as a currency still comes down to the question of whether today’s price is right. The price of a Bitcoin is around $4,600 today. Can one Bitcoin buy the same amount of goods as 4,600 dollar bills? Or the much higher amounts that Bitcoin bulls think it will soon be worth? I don’t think we have enough information to know, but the question isn’t irrelevant.
If it were, this would be another case of “there’s no price too high.”
September 10, 2017, 06:05:28 AM
Also Panic sell when they forbid to withdraw,panic sell when they made exchange inspection,etc.. They still have miner because of low electricity cost, will they rise electricity price to make the next panic sell? I don't think one billion Chinese will agree (neither if they care about btc).
September 10, 2017, 05:54:44 AM
When does people Going to panic buy on chinese ban News
September 10, 2017, 05:47:35 AM
Panic sell because China banned Bitcoin is so 2014, when will people learn?
September 10, 2017, 05:47:23 AM
I think TA is like astrology - 50/50 chances 
I tried it on an AI model, by applying TA (on normal stocks), I could increase my success rate by 20% sometimes, nothing more.
Unless someone can point me that TA clearly predicted the Chinese ban news...
I tried it on an AI model, by applying TA (on normal stocks), I could increase my success rate by 20% sometimes, nothing more.
Unless someone can point me that TA clearly predicted the Chinese ban news...
September 10, 2017, 05:44:16 AM
China have a problem ... 
September 10, 2017, 05:41:19 AM
Why people saying that the price should be 3800??
Fibonacci extension based reasoning. September 10, 2017, 05:39:39 AM
Most welcome.
Looks like Chinese govt ran into the Bitcoin Resistance.
Looks like Chinese govt ran into the Bitcoin Resistance.
September 10, 2017, 05:36:24 AM
it's probably embarrassment
I just woke up 15mn ago and see your picture, You made my Sunday, thank you.No clue about Chinese government, its so long time they harass us.
September 10, 2017, 03:57:41 AM
Why people saying that the price should be 3800??
Because they want to buy for a cheaper price. Either because they sold, took some profit and want to reload those sold coins and they just want to accumulate more. Corrections during sharp upwards movement are good. We had a pretty good run so far this year. Right now it looks we continue consolidating in the 4000-4500 area and the a new ath close to 5k was just a short breakout.
September 10, 2017, 03:18:27 AM
O.k. But does the fact that there are a lot of newbies who are being taken advantage of change any analysis.
I haven't observed the market long enough to draw definitive conclusions but the lack of trading experience of the many small investors seems to make it easier for the pros to make their moves which makes to the price & volume action look as if taken from a manual of TA principles, particularly on the shorter time frames (1 to 15 minutes). For those versed in TA this becomes an advantage if they trade on these short frames, as the pros moves become easier to read and anticipate.
Don't try to act as if you are the first person coming to this space and applying TA. There are all kinds of attempts at TA, and I am not discounting TA in its entirety, that's for sure. So yeah, some people use technical, and some people couch it with appropriate grains of salt, including considering exponential s-curve factors, metcalfe principles and the level of maturity of bitcoin as compared to various other markets... accounting for fundamentals and ta.I haven't observed the market long enough to draw definitive conclusions but the lack of trading experience of the many small investors seems to make it easier for the pros to make their moves which makes to the price & volume action look as if taken from a manual of TA principles, particularly on the shorter time frames (1 to 15 minutes). For those versed in TA this becomes an advantage if they trade on these short frames, as the pros moves become easier to read and anticipate.
You are sure right and I didn't mean to imply I was the first one, sorry if I gave that impression
To conclude, based on Fibonacci and Elliot, I think BTC is undergoing a correction within an uptrend, that will resume once the correction is done. I think this correction will reach down to about 3800 USD as a minimum and 2800 USD as a maximum and extend itself over 3-10 trading days depending on how deep it will reach. A break over 4670 USD in strong volumes would invalidate my hypothesis.
That is a fairly reasonable way of rephrasing your proposition, and I have no real problems with that - even if I might assign differing probabilities and even have slightly different targets.
My targets are also slightly different, I mean I didn't set buy orders at round figures... one problem, though, with setting targets at very specific levels clearly identified by previous support/resistance level, trend lines, fibonacci levels, etc. is that the pros know them all too well and chances are they are going to spin the market around these marks very very fast, making it difficult for people to enter/exit the market at these specific and very precise levels. My suggestion is to identify the levels and then give it some leeway in setting your buy/sell orders erring on the side of caution to make sure your trades are executed.
Do you concede that we appear to be in a bull market and there is a pretty decent likelihood that we will continue in a bull market, in spite of possible shorter term corrections.
Actually, even currently, it is seeming like it could be difficult to break below $4k, so even reaching your upper side of a low of $3800 could be a bit of a struggle.. but surely not impossible... I am currently thinking that maybe 40% odds of reaching down to $3800... even though if we break below $4100 then the odds of going to $3800 become greater and may even become closer to 50/50 at that point, if we were to reach it.. but we have to reach it, first, no?
I concede we are in a bull market and I believe we are just undergoing a correction. Whether this is an ABC correction (3 steps Eliot wave) or proper impulse wave (5 steps) down - that temporarily inverts the trend - remains to be seen. In the first case I think the target is around 3800-3700 USD, in the second case around 2800-3000 USD. I'm unsure about the odds, but at the moment I see a slightly higher probability this is just an ABC correction, precisely because the underlaying bullish sentiment is so strong. Sooner or later however there will be a deeper correction that will retrace to at least -61,8% Fibonacci level of whatever upleg it will follow, meaning, for those not versed in TA jargon, that 2/3 of previous gains will be wiped out.
This is what I am going to do and, of course, I might be wrong and I will pay the price of errors
Of course, you can do what you want, and I personally don't bet too heavily in any direction - I play in a kind of incrementalist methodology that has been extremely profitable, and sure it is possible that there are ways that I could have made way more money, but incrementalism seems to work pretty well, including NOT betting too much at any one time regarding whether one direction is more likely than another (except maybe some tweaking, here and there, on the edges).
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I agree, incrementalism is in the long term the safest - and often also the most profitable - way to proceed unless you are very very confident to have nailed a long term bottom or top at which to take your position and times proves to be have been right. I stress the fact that these tops or bottoms have to be long term, to be seen on weekly or monthly time frames. These opportunities do not come around often. If you don't see one coming your way already, then incrementalism is definitely the best option.
September 10, 2017, 03:12:14 AM
IDK whom you're referring to.
Even FORBES predicted $5K.
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why so low
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