Some might say it just reacted quicker than stock markets. It's traded 24/7 worldwide unlike markets with circuit breakers and closing times. It's going to plunge quicker and deeper so a recovery will be quicker and higher too.

To convince me it's not correlated to overall sentiment it would have to do its own thing for several weeks in a row and I can't see that happening. It is of course welcome to do that if it wants to.

There were people on the Wall Observer thread who were buying hard in the $4000 range. There were also people running around like headless chickens who sold at that moment too. The golden rule is always to do the exact opposite of what your emotions want you to do. Hardly anyone can do that but if you can you're forever ahead of 99% of people.

If Japanese people were going to run in and save us they would've done it several years ago as they've had the opportunity all along.

I have genuinely never in my life seen any trader anywhere mention JPY volume or pay any attention to it. That says enough about adoption and interest there.

They love their cash above all. It's also revealing that I remember Roger Ver saying that everywhere he went and told locals about BTC they were intrigued, the only exception was Japan where the majority decided it sounded scary.

Japan will get there in the end alongside everywhere else but if it was going to lead it would be doing it already. It has tools and options few others places do.

I've seen this bitcoinerish attitude expressed multiple times recently. At times like these it looks puerile.

Wannabe dictators like the Hungarian administration and proper ones like Russia will use it to suppress some extra dissent and ramp up fear of foreigners.

Elsewhere I haven't seen a great deal of evidence of that though I'm sure it's a handy opportunity to offload some bad news and tweak the odd awkward element. No government wants to drive their population insane with isolation and impoverish millions of them but there ain't much choice.

I can't believe anyone thought this would be 'good for Bitcoin'. Some sort of economic shock in isolation, maybe, but that's always bilge too. Definitely not something of this magnitude. You'd have to be a legitimate nutter to think that but I think we probably have enough of those.

I've never believed a proper recession would do it the slightest good and we might be on the cusp of a big 'un. Alternatively they might blag their way out of this with some truly shameless moves which theoretically would be beneficial for Bitcoin's perception. We're not going to know until a few months have passed.

I dunno. There won't be shocks of that magnitude again of course, that can only happen once every few years, but I'd rather that than a slow fart downwards from hereon out which is quite possible.
 
There's a lot of potential grind ahead and a lot of jolliness has just flown out the window with little idea of when it'll return. I will hope for the best and expect the worst.

I've noticed and reported a few of these in the last day or so. Some are linking to something vaguely related to crypto with some weedy discourse before the link to the blog, the last one was to an escort agency.

I report it as hawking shite and move on. They seem to be being dealt with.

You're probably right about that bit, but he's right about the breakdown of your timing.

How is it possible that you're out of pocket? If you'd arrived in 2015 and bought you will have much done better than me who bought through late 2013 and into 2014. I'm certainly not complaining but I could've been 2-3x further up than I am for the same outlay and I'm doing well anyway.

The only explanation is trading and that's something that never crossed my mind as many casualties of this thread will prove.

A seller on Ebay UK has to wait 180 days to be completely immune from Paypal charge backs, not sure what the deal is with other countries. And getting from GBP Paypal funds into USDT takes extra time and money.

Lots of shitposts and shitthreads around it of course, but there are aspects of it that'll impact BTC in a big way so it can be a relevant subject. The economic moves that are happening feel like they've been written by Satoshi.

I'd move some to economics, bin plenty of course and the rest to politics and society.

For better or worse he does have a point. I'm sure many other leaders are thinking the same thing but they're not deranged enough to voice it. At some point if it does look like it's going to be an infinite bleed a decision will have to be made to live with it rather than put the entire world in deep freeze. I think it'll be the US that breaks ranks first if that is the situation.

No. These days I'm about as sexy as Liberace, the public version rather than the randy baldie behind closed doors.



So the disease has jumped species. Why isn't this bigger news?

It's no taste is it not? I've seen a few mentions of metallicness but that was an after effect.

That reminds me of a Christmas as a kid where I scoffed 4 cheap arse chocolate mousses in a row. That left me with an overwhelming plastic aftertaste that didn't leave until the decorations were down. I was going to get my skull steam cleaned.

It's totally possible it just might be very, very inadvisable. Anyway the man himself has said he's taking advice and will consider it on a day by day basis. If they tell him it's armageddon I presume for once at least he may listen and ease off.

He's basically a huckster who tells people what he thinks they want to hear. This is more of the same.

I would love that to be true but it seems too good to be true, just as the millions of dead figures are too far the other way. I have zero doubt that the actual mortality rate is vastly lower than will ever be known or reported.

Maybe Donny is making the right call in this case. He does have a weird feral instinct. But the sad thing is we'll never who had the right or wrong strategies until it's too late.

He's gone BSV. This is now a recognised medical condition but sadly research into it has been sidelined by the current crisis.

Symptoms include believing your piece of shit is somehow immune to all the problems that ever single other project has. As the infection takes hold reason and the ability to reason gradually shuts down until the patient is in a state of critical denial and cannot be reached by any means at all.

They feel an urge to force their points of view on others at a time when it's vital that they're placed in absolute self isolation. As of right now there's no known cure.

The WHO has advocated sticking a fork in them and leaving them on the Andaman Islands.

All the signs were there. Looks like the infection took hold, there's no way back and now the only things left are 'thoughts and prayers'.



This reminds me of the phase that r/btc went through. They latched on to the idea of Tether being the thing that would 'bring Bitcoin down' and spent weeks ghoulishly fingering their toilet areas in a frenzy as they pondered the various scenarios in which it would play out.

They could not muster up the calories to make the cognitive leap that it just might affect every other shitcoin very much too including their own one.

OP, I know thinking can sometimes feel difficult and scary but with counselling, intense prostate massage and lots of physio you too can learn to use the big squishy thing inside your skull that tells you things at night.

All depends on which bit you end up on. The one I linked to above comes down hard on the plainly moronic in a way this place could do with sometimes and others take the time to keep discussion relatively sane and serious.

Certain subs seem a lot more stupid. r/cryptocurrency is filled with shitcoin shills who are still 100% convinced their little shit will take over the world as soon as Bitcoin 'dies'.

Bitcointalk is pretty shit for actual trading talk.

https://old.reddit.com/r/BitcoinMarkets/ is probably the closest thing to what you're thinking of with a daily trading thread but most people there are whiny bitches whose sentiment turns on a dime just like everywhere else.

There'll be much more serious and dedicated channels out there but strangers would not be welcome with their Lambo talk or 'Omigodweallgonedie' when the price drops 10 bucks.