Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18026.

LFC_Bitcoin

legendary

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#1 VIP Crypto Casino

Quote from: Elwar on December 28, 2016, 09:03:34 AM

Quote from: boyshx on December 28, 2016, 08:23:06 AM

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.

Elwar

legendary

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Viva Ut Vivas

Quote from: boyshx on December 28, 2016, 08:23:06 AM

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.

megadeth

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bagholder since 2013

Quote from: Zangelbert Bingledack on December 28, 2016, 08:34:52 AM

We have a date with history, gentlemen.

You were missed, welcome back!

Spaceman_Spiff

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Quote from: Zangelbert Bingledack on December 28, 2016, 08:34:52 AM

We have a date with history, gentlemen.

Been a while since you have been around !

You have picked the right time: moving on up !

petahashminer

legendary

Activity: 1890

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6945 yuans at OKCOIN

is this $1000

no not now it is just $999

waiting for gentleman. Cool

Zangelbert Bingledack

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We have a date with history, gentlemen.

Lauda

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Terminated.

Quote from: 600watt on December 28, 2016, 08:22:13 AM

Quote from: 2017Bubble on December 28, 2016, 08:20:05 AM

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. Roll Eyes

boyshx

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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

600watt

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Quote from: 2017Bubble on December 28, 2016, 08:20:05 AM

What is the ATH in yuan?

8k

kehtolo

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Quote from: 2017Bubble on December 28, 2016, 08:20:05 AM

What is the ATH in yuan?

8000

2017Bubble

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What is the ATH in yuan?

gembitz

hero member

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*Brute force will solve any Bitcoin problem*

bitcoin $1000 new floor ! Cool

600watt

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Quote from: 600watt on December 14, 2016, 03:26:05 PM

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

price may explode now.

i did it for you.... Cry

madmat

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Quote from: Spaceman_Spiff on December 28, 2016, 07:45:51 AM

Kraken taking the lead.

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

Spaceman_Spiff

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Kraken taking the lead.

Cassius

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Quote from: harrymmmm on December 28, 2016, 06:22:11 AM

Quote from: Spaceman_Spiff on December 28, 2016, 06:08:11 AM

Quote from: harrymmmm on December 28, 2016, 05:45:53 AM

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.

harrymmmm

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Quote from: Spaceman_Spiff on December 28, 2016, 06:08:11 AM

Quote from: harrymmmm on December 28, 2016, 05:45:53 AM

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.

Spaceman_Spiff

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Quote from: harrymmmm on December 28, 2016, 05:45:53 AM

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.

TaurusBit

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TaurusBit.com Administrator

Quote from: harrymmmm on December 28, 2016, 05:45:53 AM

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. Wink

harrymmmm

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Merit: 503

Quote from: yefi on December 27, 2016, 07:39:10 PM

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

Quote from: notme on December 27, 2016, 07:18:07 PM

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? Tongue

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?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18026. (Read 26610754 times)