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

[AlcoHoDL]

There is very little left for Bitcoin Halving, and the world with a developing Fundamental like Coronavirus, gold loses 7%, great opportunity to buy and Hodl now more than ever.

#Bitcoin  halving 2 months to go .. 2 more blue dots, then REDCohete

For new followers:
- Original S2F model article (22/3/2019):
https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
- S2F model and EMH article (17/1/2020):
https://medium.com/@100trillionUSD/efficient-market-hypothesis-and-bitcoin-stock-to-flow-model-db17f40e6107

Source: https://twitter.com/100trillionUSD/status/1234105954930741250

So you really think bitcoin will reach $100k this year or the next one?   You're serious?  

According to the graph, $100k will be reached sometime in 2022.

2022, 2023, 2025, who cares? The main thing is that $100k will be reached.

Sit back, relax, and HoDL. This is fine.

[JimboToronto]

Good morn Bitcoinland.
Have a nice haiku Sunday.
Still going sideways.

The current price is
Eight five six five US bucks
(Bitcoinaverage)

Go go Bitcoin go.
Go go Bitcoin go go go
Go Bitcoin go go.

- 38% of Americans wouldn't buy Corona beer because of the coronavirus.

I bought it because funny. But only once, now I won't buy it because it tastes like horse piss

I've never tasted horse piss but I imagine it tastes like Corona. What do they expect when it's bottled in clear glass.

There's a reason why beer is bottled in brown glass (or at worst green) in most places. It cuts down on UV light and keeps beer from becoming prematurely skunky.

Corona is pre-skunked. It's bad enough here in Mexico where it's considered cerveza turista, but by the time it's traveled to other countries, it's pretty dismal.

[Hueristic]

Fox Kitten Campaign

Widespread Iranian Espionage-Offensive Campaign


https://www.clearskysec.com/wp-content/uploads/2020/02/ClearSky-Fox-Kitten-Campaign.pdf

The initial  breach of  the  targeted  organizations  was performed,  in  most  cases,  by  exploiting  1-day vulnerabilities in different VPN services such as: Pulse Secure VPN, Fortinet VPN, and Global Protect by Palo Alto Networks.

[Searing]

Been thinking about it a bit more. Bitcoin does not produce anything. There is no dependency on any supply chain being functional or not. Dumping your precious bitcoins like a company stock because of a non computer virus makes absolutely no sense. It is an irrational decision unless your purpose is to try an buy them back cheaper, and we all know how that worked out over the last 10+ years for Joe Average.

The problem is that a fair amount of BTC is owned or at least manipulated by Wall Street and large institutions like Bakkt and the CME. Wall Street views bitcoin has an extremely high risk asset, meaning it is the first asset to get sold off whenever there is a panic of sorts. Only after Wall Street has minimized its involvement with BTC and regular folks feel comfortable with their amount of fiat money will BTC's price begin to stabilize.

Sorry to be the bearer of bad news, but that's what I believe.

This is also true of any crisis..imagine you are trying to prepare your likely 'emergency fund' which also likely is empty....in say Venezuela

Any of that current currency, if you have such, is probably getting even more worthless due to last week's dump of stocks/BTC/etc. So you can

dig out your hidden emergency gold and/or stocks or take out a loan (all doubtful) or you can liquidate that Bitcoin you've been accumulating

that you were and are buying food, in say Paraguay or some such, because they never will again take Venezuelan currency.

But with this handy/dandy BTC/crypto with the ability to get USD out of such back from BTC and into say USD into your phone, you now can stock up for coronavirus.

This is happening with everyone around the world due to the instant and easy liquidation of BTC/Crypto for such pandemics we may be in the process of having.

So, BTC as plan-B for emergencies this should NOT be a surprise. Was to me, just saying, it should not have been. This easy liquidation is a feature of BTC, the same

as accumulation is.

So we will see how this pans out if/when the stock market continues to fall and other things happen....currencies get manipulated around the world and IMHO

BTC  price will swing back to upward and accumulation will resume and such BTC for the same ease of use above and BTC's decentralized nature.

But this time as a store of value, for these further games by governments and the next round or two of emergencies with this crisis. Again, IMHO. This liquidation

as a phase of BTC/crypto sales and price, dumping is just the 1st act of this whole coronavirus, again IMHO. Boom or Doom, we will be the first to know!

later

Brad

[rdbase]

Good morn Bitcoinland.
Have a nice haiku Sunday.
Still going sideways.

The current price is
Eight five six five US bucks
(Bitcoinaverage)

Go go Bitcoin go.
Go go Bitcoin go go go
Go Bitcoin go go.

- 38% of Americans wouldn't buy Corona beer because of the coronavirus.

I bought it because funny. But only once, now I won't buy it because it tastes like horse piss

I've never tasted horse piss but I imagine it tastes like Corona. What do they expect when it's bottled in clear glass.

There's a reason why beer is bottled in brown glass (or at worst green) in most places. It cuts down on UV light and keeps beer from becoming prematurely skunky.

Corona is pre-skunked. It's bad enough here in Mexico where it's considered cerveza turista, but by the time it's traveled to other countries, it's pretty dismal.

https://knowyourmeme.com/photos/242934-the-most-interesting-man-in-the-world

[gallianooo]

There is very little left for Bitcoin Halving, and the world with a developing Fundamental like Coronavirus, gold loses 7%, great opportunity to buy and Hodl now more than ever.

#Bitcoin  halving 2 months to go .. 2 more blue dots, then REDCohete

For new followers:
- Original S2F model article (22/3/2019):
https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
- S2F model and EMH article (17/1/2020):
https://medium.com/@100trillionUSD/efficient-market-hypothesis-and-bitcoin-stock-to-flow-model-db17f40e6107

Source: https://twitter.com/100trillionUSD/status/1234105954930741250

So you really think bitcoin will reach $100k this year or the next one?   You're serious?  

According to the graph, $100k will be reached sometime in 2022.


2022, 2023, 2025, who cares? The main thing is that $100k will be reached.

Sit back, relax, and HoDL. This is fine.

BIG difference between reach 100K (and more) and stay above for a while...

According to PlanB, "must" be reach before end 2021.

IMO, can be really possible, even before end 2021. When you will reach first, the previous ATH, then you can have a peak at 100K$ or 300k$, nobody can affirm.

[Ibian]

The main problem is not the virus itself. It's the fact that our supposed leaders and protectors are intentionally ignoring or even deliberately making it worse. And also the secondary effects, such as empty store shelves and general panic.

ahem

Let's stop being so damn paranoid.

I don't know what kind of point you are trying to make.

[JimboToronto]

Corona is pre-skunked. It's bad enough here in Mexico where it's considered cerveza turista, but by the time it's traveled to other countries, it's pretty dismal.

https://knowyourmeme.com/photos/242934-the-most-interesting-man-in-the-world

Salud!

[hodl_2015]

Finaly.

[nutildah]

Corona is pre-skunked. It's bad enough here in Mexico where it's considered cerveza turista, but by the time it's traveled to other countries, it's pretty dismal.

https://knowyourmeme.com/photos/242934-the-most-interesting-man-in-the-world

Salud!

Both better choices over Corona. I'd say Pacifico is as well, but I draw the line at Modelo...

I'd drink Corona with a lime, though. Makes it a bit smoother.

People should have stopped drinking Corona already, but they had excellent marketing.




But I don't think anything is going to help them overcome their current problems, not even this...

[qwizzie]

$8488

Will it go below $8421 and possibly trigger a more severe sell off ? Stay tuned...

[JL0]

We need to stay above the 20WMA and $8500

The bears must be punished

[Phil_S]

Ouch. How low can we go?

What would be the March bottom?


I guess we can dip into low 8xxx... but should recover by April, hopefully.

[rdbase]

Both better choices over Corona. I'd say Pacifico is as well, but I draw the line at Modelo...

I'd drink Corona with a lime, though. Makes it a bit smoother.

People should have stopped drinking Corona already, but they had excellent marketing.



But I don't think anything is going to help them overcome their current problems, not even this...

WO +1 merit sent if I had any
So to get you to 2800 mark!
It just looks good.

$8488

Will it go below $8421 and possibly trigger a more severe sell off ? Stay tuned...

I see it at $8474 on preev (I know bitstamp price is only allowed on the thread! ) and going down but its the weekend.

Ouch. How low can we go?
What would be the March bottom?
I guess we can dip into low 8xxx... but should recover by April, hopefully.

Don't know why since Australia court judge ruled yesterday bitcoin is legitimate collateral to pay off the plaintiff, this court case which is still ongoing.
Meaning, It is just as legal as fiat.
https://cointelegraph.com/news/australian-judge-says-crypto-is-a-legitimate-investment-vehicle

Good to know bitcoin can't be a fake like gold can via branding.
https://twitter.com/Reuters/status/1166785015872548864

[fillippone]

Going back to the base.
Bye bye mountain hut.
Hello COVID infected city:

Italy Cases Surge 50%; U.S., Japan Warn on Travel: Virus Update

Sunday, March 1, 2020 06:24 PM
By Bloomberg News

WHO says no pandemic; Rhode Island reports first infection
U.S., Australia, Thailand report deaths; Mideast markets slide
(Bloomberg) --Italy reported a 50% surge in new coronavirus cases as deaths reached 34 while the U.S. and Japan issued “do-not-travel” warnings for affected regions of Italy and South Korea.
Iran reported a jump in infections and 11 deaths as the World Health Organization prepared to send a larger team and the government planned a crackdown. The U.S., Australia and Thailand had fatalities.

The U.S. will speed distribution of tests to help states diagnose the illness. Middle East markets slumped as more cases were announced.

Key Developments

Iran infections almost double; cases in Spain jump
South Korea added 586 cases, taking total to 3,736 with 18 deaths
First U.S. death in Washington State as governor declares emergency
China reported 35 new deaths -- the lowest in three days
Czech Republic reports first cases

[LFC_Bitcoin]

Ouch. How low can we go?

What would be the March bottom?


I guess we can dip into low 8xxx... but should recover by April, hopefully.

I imagine there will be a FOMO run up to the halving where we go over $10,000 again.

[jbreher]

There is very little left for Bitcoin Halving, and the world with a developing Fundamental like Coronavirus, gold loses 7%, great opportunity to buy and Hodl now more than ever.

#Bitcoin  halving 2 months to go .. 2 more blue dots, then REDCohete

For new followers:
- Original S2F model article (22/3/2019):
https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
- S2F model and EMH article (17/1/2020):
https://medium.com/@100trillionUSD/efficient-market-hypothesis-and-bitcoin-stock-to-flow-model-db17f40e6107

Source: https://twitter.com/100trillionUSD/status/1234105954930741250

So you really think bitcoin will reach $100k this year or the next one?   You're serious?  

Would not astonish me.

[d_eddie]

There's a reason why beer is bottled in brown glass (or at worst green) in most places. It cuts down on UV light and keeps beer from becoming prematurely skunky.

Corona is pre-skunked. It's bad enough here in Mexico where it's considered cerveza turista, but by the time it's traveled to other countries, it's pretty dismal.

Indeed, the white glass doesn't stop algae and other nice light depending organisms from thriving. The resulting skunk is the reason why people often drink Corona with a slice of lime stuffed in the bottle.

[d_eddie]

Virus talk? Boring.
Bitcoin? Not too interesting.
Haikus still a thing.

[serveria.com]

So you really think bitcoin will reach $100k this year or the next one?   You're serious?  

Yes I really think BTC will reach $100k this year or next one. This bear talk is quite typical for bitter nocoiners or lowcoiners looking to fill their bags... no it won't work.