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

[bkbirge]

Paper fiat may face its death.

Can you imagine a gov't telling all it's citizens to stop using cash because of potential virus transfer, and instead use only crypto? Of course it would be a CBDC they'd direct everyone to use but still.

[lightfoot]

So, in practical terms, if this virus turns out to be fairly bad and continue at its current pace or worse...what do you think the practical implications will be?

Hopefully people will finally realize that Reality Exists

More elderly people die earlier...so perhaps this gives a slight boost to the future economy as the costs of society caring for them goes down.

Social Security will be saved which is a good thing. Also given that Boomers were the only Demographic to go for Trump, their deaths will help the current political climate significantly. As I mentioned before: If the Corona czar mandates early voting next week in battleground states, you know it's going to be bad.

If China truly is severely affected at the factory level, we all may be stuck with our current computers/appliances/etc. and need to make sure we take care of our stuff since it may be difficult to get things for a while.

Very bullish for local businesses that can specailize in fixing appliances. Also good for the environment as less stuff will go to landfills.

Oddly enough, I might be a barometer for this: If people start looking to fix miners more instead of buying new ones I should be able to pick that up in requests. Hm.....

Paper fiat may face its death.

Bad. Say goodbye to anonymity. Ok, so this virus isn't 100% good news.

[d_eddie]

Dow-Jones Industrial sat on a wall
With Standard and Poor's, he took a great fall
And all the King's printers and all the King's hoes
Couldn't bring either back on their toes

[bkbirge]

Paper fiat may face its death.

Bad. Say goodbye to anonymity. Ok, so this virus isn't 100% good news.

https://cointelegraph.com/news/from-taxes-to-transparency-the-irs-gets-schooled-on-crypto

Spiro continued to advance the transparency of the blockchain as an advantage to regulators: “You’re going to see that transaction lifecycle. [...] As an investigator, you have a wallet address.”

An audience member who had believed that Bitcoin’s charm lay in its anonymity asked: “So that’s a myth?” Spiro affirmed, “That is a myth.”

[goldkingcoiner]

Dow-Jones Industrial sat on a wall
With Standard and Poor's, he took a great fall
And all the King's printers and all the King's hoes
Couldn't bring either back on their toes

The most disturbing thing about the original rhyme was that Humpty Dumpty was never mentioned to be an egg.

[d_eddie]

Observing unusually sharp spikes in the price over short time scales. Smells like sloppy whales accumulating more than selloffs.

[mindrust]

*FED CUTS BENCHMARK RATE 50 BPS, SAYS VIRUS POSES EVOLVING RISKS

wow!

Feels sad man. Isn't btc supposed to follow gold? Gold is +3% while btc is -1%.

This decision is the final nail on the FED's coffin. QE and low/negative interest rates forever.

[lightfoot]

Hm. Market is down 243 points. How odd after a half point "surprise" rate cut. Almost as if someone got an early dime on it over the weekend and did their buying yesterday.

But how could that happen?

[LFC_Bitcoin]

Makes sense......


https://twitter.com/mickjon95058639/status/1234495852112158720?s=21

To my none English friends who are unfamiliar with the word dogging, google it

[lightfoot]

Oh great, they're cancelling orgies?

This is going to suck.

[bkbirge]

Oh great, they're cancelling orgies?

This is going to suck.

Or not as the case may be.

[gentlemand]

Oh great, they're cancelling orgies?

This is going to suck.

Dogging is a rather more solemn occasion. Middle aged men gather around middle range family sedans in darkened woodlands and watch them wobble back and forth while the windows slowly steam up. Then they return to their homes and sit in silence and consider what they have witnessed.

I expect just like gay folks have their 'bug chasing' family fun nights where they hand out HIV like sweeties, sexpeople elsewhere will have virus nights. You only get in if your temperature is high enough. Then everyone lets rip.

[LUCKMCFLY]

Hi WO!!!!

Less than 10,000 blocks to go #bitcoin

Source: https://twitter.com/ChartsBtc/status/1234873116167266304

[Phil_S]

Say what you will, but Trump is really funny sometimes:

https://www.youtube.com/watch?v=kfl13QyQZKc

[El duderino_]

via Imgflip Meme Generator

Aaaaaaand how to explain this one at home? 

[LFC_Bitcoin]

Prostitution & dogging don’t need to be cancelled. As long as precautions are taken it should be business as usual.

[Phil_S]

Aaaaaaand how to explain this one at home? 

"Licked the shrines"

[fillippone]

*FED CUTS BENCHMARK RATE 50 BPS, SAYS VIRUS POSES EVOLVING RISKS

wow!

Feels sad man. Isn't btc supposed to follow gold? Gold is +3% while btc is -1%.

Honey badger doesn't give a fuck.

Good point.

Bitcoin has been UNCORRELATED to other asset classes.

If stocks drop, this does not mean Bitcoin has to pump. If gold prices climb, this does not mean Bitcoin will rise with it everytime.

Not negative or positive. UNcorrelated.

Narratives will come & go.

Source: https://twitter.com/VentureCoinist/status/1232671637130088449

Totally agree with the above tweet.
Digital gold, or “anti-fragile” asset class are still narrative, not corroborated by numbers.

Positive fact:
We are still early in the adoption cycle: staking sats is still a good idea!

Fun fact.
If digital gold narrative gets traction, actually the correlation with gold would be negative. If bitcoin would prove a reliable store of value, then price of gold would drop to the “intrinsic” or industrial value, being the price stripped of the financial value. I suspect this would also happen also to other asset classes (like real estate, I guess)

This decision is the final nail on the FED's coffin. QE and low/negative interest rates forever.

it's not by chance that it's Called "QE4Ever".

[Torque]

I think it's time we called in the real Guardians. These fakes are toast.

[Torque]

*FED CUTS BENCHMARK RATE 50 BPS, SAYS VIRUS POSES EVOLVING RISKS

wow!

Must be what the rally was about yesterday. Some peeps got wind of the cut early.

Of course they did. The Fed has been leaking decision info to "the club" since forever.