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

[Icygreen]

Don’t panic
Maybe Remdesivir will save the world, just need some time to wait for the result of clinical trial.
As I know from the news, it is best medicine so far to combat the COVID-19.

Possibly another medicine here.

[JayJuanGee]

you guys are considering that we're dealing with x mutations of the virus in the meantime, right?

EDIT: so to be crystal clear. every mutation has it's own characteristic and therefore we have different results in several parts of the world.

A german virologist (don't remember his name) said in an interview on NDR (afair) that mutations are not too bad, because viruses tend to mutate into variants that don't kill the host for effectiveness of the spreading. Makes sense. The interview was available online this week, i didn't find a link, might have watched it on the smartphone.

EDIT:

Forgot it's sunday
wife is still sick a little
time to post again

#lifehaiku

the corn is falling
but i am out of fiat
fuck, i do not care

#charthaiku

Blew your load too early.

 

[jojo69]

now do we sell?

[JSRAW]

Kidney? Kids? GF?

[Ibian]

UK       206        2      0.97%

2 deaths from 206 positivies is a 0.097%. If they were using a simple spreadsheet that kind of error should not happen. That's why we can not trust any of those figures, and much less the skewed stats used as a data source.

what

[Searing]

This is not funny anymore.

We're touching ~$8000.

Well, we have not yet hit the low of $6,980.35 USD on January 2nd, 2020. So we have 'some' slack?

(sh*t I mentioned, what should not be spoken, and jinxed the works, my bad)

This keeps up we will be looking at quite the 90% BTC miner capitulation come halving in 63 days! 

https://www.bitcoinblockhalf.com/

Sh*t, even Jihan Wu of Bitmain has to be pretty much sh*tting himself, like the rest of us it seems!

and the 'band played on as the mighty ship started to..., Naw, it can't be so!...

[somac.]

Not looking good. I still think target is 6500 then maybe 200 weekly at 6. Not fucking liking this that's for sure. I much preferred 2016 but there wasn't a global crash going on then.

Seems they only thing doing good today is cash under the bed

[Arriemoller]

Pity I missed all the TP/bidet/towel/ass-shit talk, I have a feeling that I would have thrived.

Can we elaborate on disposable baby wipes, now that oil is down please?
I've been using them for years.

Seriously, TP sucks.
Wipe off your ass perfectly clean (so you think) with TP, and then use a baby wipe.
You're welcome.

Basically it beats the shower and the hassle.
Especially if your ass is hairy.

Anyway, back to COV.

Here's a hint, have high levels of fiber in your diet and most often you don't need to wipe at all. Metamucil is a big help here.

Metamucil, when I was fresh out of military service and got a job at the local hospital we used to give the older patients in the orthopedic department where I worked Metamucil. The thought of taking it now is just too close to those memories. I don't want to feel that old yet, although I'm sure it would give my poo a nice firm texture.

[Paashaas]

Covid-19 is affecting 109 countries and territories with 110.077 cases worldwide and 3.830 deaths.

This is just the beginning. Europe and the U.S are fcked. Global economy is also fcked.

Enjoy the shitshow, buy more corn and stay save!

[JayJuanGee]

so we're all selling our bitcoins right?

Buying.

wait what?

goddammit

I'm always getting this backward

Yeah, me too#  buying#

I did not have any sell orders fill when we were up to $9,219, but I was within less than $80 of having a couple of them filled.

On the way back down, I had 5^** more buy orders fill, and as I type (between $7,800-ish and $7,200-ish), I was within $.56 of having one more buy order fill.  Sure hate when it is "close but no cigar", but I try to just live with what it is and I do not change my order prices, and just let the price come to me.... which sometimes they do end up being really close and NOT filling... but our price moves remain pretty exorbitant in recent times, so it seems way too pre-mature to be writing in our bottoms for this run, yet.

Gosh, I am starting to think that $6,424 might be revisited... a little early for that, too, but surely our earlier less than 50/50 chance seems to be gravitating more in the direction of greater than 50/50.... We will see.  We will see.  The next 24 hours remain critxxxx (c) ^tm.

Not looking good. I still think target is 6500 then maybe 200 weekly at 6. Not fucking liking this that's for sure. I much preferred 2016 but there wasn't a global crash going on then.

Seems they only thing doing good today is cash under the bed

There is NOT much difference between 2016 and now, just a different crisis, and the overall factors, now, seem even more favorable than the situation felt in 2016.  Don't you remember the August 2016 Bitfinex crash that involved 119k bitcoin.. wholy shit.. a lot of folks considered that bitcoin could be ded from that.... and a lot of people were betting on down when bitcoin crashed down to $500 and then got stuck in the upper $500s and lower $600s for a considerable amount of time... ... well, yeah, that was after the halvening.. and before the halvening we had a price surge from $mid-$200s to $500 and then a crash back down to $300, and then we largely got stuck in the $375 to $430 range for more than 6 months, and many doom an gloomers said that we would never surpass $500 again, including discussion of the mining death-spiral that was anticipated to occur around the halvening, and lots of folks believed that bullshit (yours truly somewhat excepted  ).

**Edit:  A bit less than 30 minutes after posting above, I had my 6th buy order fill.  Thus my next buy orders are currently set in the $7,600-ish region, and in pairs of twos about every $200 down thereafter, until we get to sub $6k, if that were to happen, then I might need to rethink some of my buy order increments and amounts... ... that might be a BIG "if" and I would prefer NOT to have to engage in such restructuring of buy orders... and resume UPPITY at some point... but like each of us says, we have to keep pee paring our lil selfies for los dos direcciones, which includes pee paring for down, however, less preferable that might be.  As typing, a new low of $7,714.70 observed... and still pushing downity...  

[kellrobinson]

This chart reflects the March 8 close on Bitstamp at $8033.70. As you can see, we are close to touching historical support. Vertical axis uses a quadratic transform.

[bitebits]

UK       206        2      0.97%

2 deaths from 206 positivies is a 0.097%. If they were using a simple spreadsheet that kind of error should not happen. That's why we can not trust any of those figures, and much less the skewed stats used as a data source.

Think that just the heading of the column is wrong, since else it could not have values >1. What they mean is percentage.

[Searing]

Not looking good. I still think target is 6500 then maybe 200 weekly at 6. Not fucking liking this that's for sure. I much preferred 2016 but there wasn't a global crash going on then.

The problem is in a country like Italy ..in frigging full crisis mode...what are you gonna dump first? The easy to cash out, the speculative coin that you have made

a profit on since you mined/bought or acquired such? Or stocks or bonds or cash (not have) or whatever to fill up your very needed, and like all of us, empty

catastrophic/emergency fund?

Everything is falling in this Black Swan Pandemic effect.

My own 'bet' (dubious) is that IF the Stock Market 'manages' and the rest to somehow find a floor and go

sideways for a few days to a week, BTC/Crypto will bounce back harder, like the Plan B Alternative.

If, not BTC/Crypto is just another speculative asset and not

in any way a 'store of value' and we will be like everyone else, stuck in a HODL pattern for say, years until it recovers like the other speculative assets stocks, etc.

Sh*t that would suck! Doom or Boom and Chump or Champ time now boys and girls. Pucker up. This next week is likely to be the worst as that damn concept

of 'Reality' hits us right in the nuts.

[somac.]

Pity I missed all the TP/bidet/towel/ass-shit talk, I have a feeling that I would have thrived.

Can we elaborate on disposable baby wipes, now that oil is down please?
I've been using them for years.

Seriously, TP sucks.
Wipe off your ass perfectly clean (so you think) with TP, and then use a baby wipe.
You're welcome.

Basically it beats the shower and the hassle.
Especially if your ass is hairy.

Anyway, back to COV.

Here's a hint, have high levels of fiber in your diet and most often you don't need to wipe at all. Metamucil is a big help here.

Metamucil, when I was fresh out of military service and got a job at the local hospital we used to give the older patients in the orthopedic department where I worked Metamucil. The thought of taking it now is just too close to those memories. I don't want to feel that old yet, although I'm sure it would give my poo a nice firm texture.

I've been having it since my 20s. It's hard to get enough fiber in your diet so this stuff really helps. Good amount of fiber also helps with cholesterol and probably reduces bowel cancer. But honestly, the best thing is just being able to take a shit in under 30 seconds and require very little to no toilet paper.

I would ignore your past experience if you can.

[somac.]

Not looking good. I still think target is 6500 then maybe 200 weekly at 6. Not fucking liking this that's for sure. I much preferred 2016 but there wasn't a global crash going on then.

The problem is in a country like Italy ..in frigging full crisis mode...what are you gonna dump first? The easy to cash out, the speculative coin that you have made

a profit on since you mined/bought or acquired such? Or stocks or bonds or cash (not have) or whatever to fill up your very needed, and like all of us, empty

catastrophic/emergency fund?

Everything is falling in this Black Swan Pandemic effect.

My own 'bet' (dubious) is that IF the Stock Market 'manages' and the rest to somehow find a floor and go

sideways for a few days to a week, BTC/Crypto will bounce back harder, like the Plan B Alternative.

If, not BTC/Crypto is just another speculative asset and not

in any way a 'store of value' and we will be like everyone else, stuck in a HODL pattern for say, years until it recovers like the other speculative assets stocks, etc.

Sh*t that would suck! Doom or Boom and Chump or Champ time now boys and girls. Pucker up. This next week is likely to be the worst as that damn concept

of 'Reality' hits us right in the nuts.

I don't like what you're saying, but find it hard to disagree with you.

[nutildah]

Breaking: Oil prices fall by over 20%.

Sh!t is real, that's for sure.

Update: oil now down 32%, to $28 a barrel!

Load up on gas, its gonna be a long drive through the coronazombiepocalypse.

EUR/USD up 1%, which is a lot on any given day -- must be fears of money printing.

TP/BTC up 1000%.

[JSRAW]

One possible explanation of this dump..

Keyword : Plustoken
https://u.today/real-reason-behind-10-percent-bitcoin-btc-price-crash-revealed-by-analysts

Edit
Opinion/spec piece --when plustoken moved the 117m worth of BTC couple of days back
https://cryptoslate.com/chinese-scam-plustoken-is-moving-117m-in-bitcoin-research-firm/

[Biodom]

Covid-19 is affecting 109 countries and territories with 110.077 cases worldwide and 3.830 deaths.

This is just the beginning. Europe and the U.S are fcked. Global economy is also fcked.

Enjoy the shitshow, buy more corn and stay save!

No. Judging by the level of panic, markets would put a midterm bottom either tomorrow or by the end of the week.
^TYX will also put in a generational low in yield, could be tomorrow (since it looks like being below 1%) or sometime next week as well.
Someone would probably short Treasuries en mass soon. Gold says so.
We had a 38 year bull market in bonds, now (after next week) probably a bear market for the next 10-15 years until stocks trade at P/E of 7 and bond yield is at least 10-12%.

Then the bull cycle (at least in bonds) would begin anew.

[JayJuanGee]

This chart reflects the March 8 close on Bitstamp at $8033.70. 

Bitcoin does not close, and neither does bitstamp... 


 

[bitebits]

There may be 1000 people infected, but the recovery takes 2-4 weeks for most people (from the time they start to show symptoms). This means that it will take about 4 weeks for those 1000 people to register as "recovered", in the mean time many more people are infected. The numbers are always shifting. Both the deaths and the number of recoveries. You need to look at the infected numbers of weeks ago and compare those to the current death and recovery numbers to get the accuracy.

+1 Elwar. Would like to add that the infected/death ratio figures are probably way too high.  I felt sick a few weeks ago (probably just a cold) but it might have been Covid-19, who knows. Fully recovered without being tested or going to a hospital. Bitebits does not show up in the statistics.