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

[Indymoney]

"Chinese scientist warns Covid-19 may become an established illness, like influenza, as mainland reports its lowest number of new cases since Wuhan lockdown began"

This is so frustrating to read. China really as whole is an asshole nation!

Now its time for China to review his many policies specially related to human rights as they are paying for this all.

[OutOfMemory]

"Chinese scientist warns Covid-19 may become an established illness, like influenza, as mainland reports its lowest number of new cases since Wuhan lockdown began"

This is so frustrating to read. China really as whole is an asshole nation!

This is not even the worst.
Half of the world is abusing china as a cheap delivery whore.
We, as customers, are indirectly supporting this "by accident", when buying goods that were more or less made in china. But not only.
It's more like the human made system itself is an asshole system, imo. It implies asshole nations and gives them room to grow.

[Biodom]

I expect a sharp drawdown in many assets including both stock markets and btc, maybe even gold, somewhere between now and late March.

That can only happen if Fed sharply raises interest rates. That will never happen! Too much debt! Too late for conventional monetary policy!

Q: what does this have to do with the interest rates?
A: nothing

It would go down because there would be less E in P/E.
We shall see.

[Globb0]

That little feeling of joy in the morning when you have a fresh cup of coffee and 5+ unread WO pages.

I for sure cannot share this with anyone IRL 

then you end up triple posting 

[Globb0]

A 20-year-old Chinese woman from Wuhan, the epicenter of the coronavirus outbreak, traveled 400 miles(675 km) north to Anyang where she infected five relatives, without ever showing signs of infection, Chinese scientists reported on Friday, offering new evidence that the virus can be spread asymptomatically.

[...]

All five of her relatives developed COVID-19 pneumonia, but as of Feb. 11, the young woman still had not developed any symptoms, her chest CT remained normal and she had no fever, stomach or respiratory symptoms, such as cough or sore throat.

https://www.reuters.com/article/us-china-health-study/wuhan-woman-with-no-symptoms-infects-five-relatives-with-coronavirus-study-idUSKBN20G00J

Italy has now two deaths.
Apparently the first infected had no symptoms. And now is negative to every test.
People here are panicking.
This means people are over reacting to rational risks.
Of course this has layered implication, even on the economic side of the story.

I saw someone in Disneyland epcot with a face mask on.

I thought you poor fool. Every ride, every handrail every button has been pressed by 5000 people in the last few hours. Your puny mask aint doing shit.  (hehe Im learning American dialects) punks. 2 weeks incubation on surfaces. boom!

[OutOfMemory]

A 20-year-old Chinese woman from Wuhan, the epicenter of the coronavirus outbreak, traveled 400 miles(675 km) north to Anyang where she infected five relatives, without ever showing signs of infection, Chinese scientists reported on Friday, offering new evidence that the virus can be spread asymptomatically.

[...]

All five of her relatives developed COVID-19 pneumonia, but as of Feb. 11, the young woman still had not developed any symptoms, her chest CT remained normal and she had no fever, stomach or respiratory symptoms, such as cough or sore throat.

https://www.reuters.com/article/us-china-health-study/wuhan-woman-with-no-symptoms-infects-five-relatives-with-coronavirus-study-idUSKBN20G00J

Italy has now two deaths.
Apparently the first infected had no symptoms. And now is negative to every test.
People here are panicking.
This means people are over reacting to rational risks.
Of course this has layered implication, even on the economic side of the story.

I saw someone in Disneyland epcot with a face mask on.

I thought you poor fool. Every ride, every handrail every button has been pressed by 5000 people in the last few hours. Your puny mask aint doing shit.  (hehe Im learning American dialects) punks. 2 weeks incubation on surfaces. boom!

That was what i was talking about. Chatting apes. Good luck to all 

[jojo69]

chatting ape of death...and I don't care

[Globb0]

nobody, anywhere, seems to be taking the situation seriously

This is human. Most take situations seriously when the maximum damage is almost already done.
We're chatting apes, not much more.
Einstein said that mankind is able to use a few % of their brain capacity, but i say he was way too optimistic.

(edited my mediocre english to better english, which is still worse than usual today)

another thing is willful blindness. Even when its right in their face people can chose not so see what's right there. Especially if it affects their reality.

[jupiter9]

Anyone bullish because of halving? According to halvings in 2016 and 2012 we had one last correction 93 days before halving in 2012 (-57%) and 95 days before halving in 2016 (-40%). We are now in 2020. So this year 95 days before halving puts btc exactly on the start of this correction on the 13 february when bitcoin reached 10.497. We are now almost -8% from the top.

[Arriemoller]

nobody, anywhere, seems to be taking the situation seriously

Believe it or not, but china airways still have two flights a day to Stockholm.
It's a pure miracle that the virus haven't spread here yet.
And the Swedish CDC says that "it's not very likely that the virus will spread in Sweden". Yeah right.

[Arriemoller]

If we can get a vaccin by summer, as some companys hope, then we might achieve heard immunity before it spreads to every nook and cranny of the world, but I wouldn't bet on it.

[xhomerx10]

Anyone bullish because of halving? According to halvings in 2016 and 2012 we had one last correction 93 days before halving in 2012 (-57%) and 95 days before halving in 2016 (-40%). We are now in 2020. So this year 95 days before halving puts btc exactly on the start of this correction on the 13 february when bitcoin reached 10.497. We are now almost -8% from the top.

[Biodom]

Anyone bullish because of halving? According to halvings in 2016 and 2012 we had one last correction 93 days before halving in 2012 (-57%) and 95 days before halving in 2016 (-40%). We are now in 2020. So this year 95 days before halving puts btc exactly on the start of this correction on the 13 february when bitcoin reached 10.497. We are now almost -8% from the top.

Is it possible that you are looking at a wrong chart? Halving in 2016 was on July 9 or 10th, don't recall exactly.
There was no 40% correction anywhere close to April 5, 2016, which is at the -95 day mark.
Are you referring to a correction between June 16 and June 23 2016?
First off, that correction was roughly 23%, give or take AND it happened after an approximately 77% surge in the prior three weeks or so.

[jupiter9]

Anyone bullish because of halving? According to halvings in 2016 and 2012 we had one last correction 93 days before halving in 2012 (-57%) and 95 days before halving in 2016 (-40%). We are now in 2020. So this year 95 days before halving puts btc exactly on the start of this correction on the 13 february when bitcoin reached 10.497. We are now almost -8% from the top.

Is it possible that you are looking at a wrong chart? Halving in 2016 was on July 9 or 10th, don't recall exactly.
There was no 40% correction anywhere close to April 5, 2016, which is at the -95 day mark.
Are you referring to a correction between June 16 and June 23 2016?
First off, that correction was roughly 23%, give or take AND it happened after an approximately 77% surge in the prior three weeks or so.

Yea you're right. Somebody made a video with the wrong date for 2016. It droped 33% after the halving and after that it mooned.

[Lambie Slayer]

Breakout imminent.

[Lambie Slayer]

Good news Bears, you don't have to worry about the Coronavirus, you will get Rekt by the King before you catch it.

[dragonvslinux]

Core devs discussing privacy & scaling livestream: https://www.youtube.com/watch?v=jGUH-lKO0k0

[Lambie Slayer]

Have some Bitcoin on Tyson Fury tonight.

As a long time sports bettor its been great to see how Bitcoin has taken over as the online industries preferred payment method.

They typically offer the biggest bonuses for Bitcoin deposits and withdrawals are usually free vs other methods.

The books benefit so much from Bitcoin they cant help but promote it to their customers. Its been cool to watch the King take his throne in that industry like he will take it in many others one day.

[Lambie Slayer]

Boom! 

[Ibian]

None of our current governance models seem to be equipped to deal with a situation like this.

The totalitarian setups lack the transparency, the pluralist setups lack the raw power and will.

A right wing government might be able to limit the damage. Unfortunately, we don't have any of those, anywhere in the world.