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Question: Will we close Nov. at or above Plan B's posited minimum of $98K?
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25493756 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (158 posts by 14 users with 9 merit deleted.)
vapourminer
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what is this "brake pedal" you speak of?


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March 10, 2020, 10:32:26 AM
Merited by lightfoot (1)

Everybody start panicking right now. This is not a drill.

i do panic test runs all the time. so should do ok at a real panic.

in fact i dont think ive ever left panic test mode.
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mindrust
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March 10, 2020, 10:36:34 AM

Coronavirus is bullish for the King.

Obviously not..

You guys still think china virus is bullish?

What happened? Why are we following the DOW instead of the inverse?

Is Bitcoin just a luxury?

No, x3.

1.  This is spawning a liquidity crisis. BTC is getting liquidated along with other assets.

2.  The world is entering a deflationary phase. All asset prices can fall, including BTC.

3.  The medium/long term (2-3 years) trend is down, so that is the natural bias.

4.  On a Positive note, it is a good indication that 6500 has not yet been tested.

5. 1BTC = 1BTC.

The question is... will they QE to cancel liquidity crisis?

Here is another quick algorithm:

Code:
def tothefuckingmoon():

    QE = input("Is QE happening? (true-false)")

    if QE=="true":
        print("QE will cause hyperinflation... hyperinflation will send Bitcoin to the...")

    else:
        print("Banks will run out of money because of the negative interest rates. Liquidity will dry out."
              "People will run to the Bitcoin as an alternative and bitcoin will go to the...")
        
    print("FUCKING MOON")

tothefuckingmoon()

Can't lose with bitcoin.  Cool
vapourminer
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what is this "brake pedal" you speak of?


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March 10, 2020, 10:38:09 AM

Fucking banned from Twitter for 7 days. Used the new meme "OK groomer" against a well-known Twitter paedophile, and I'm the one banned for "hate speech".

San Francisco needs to fall into the ocean already.

thats.. wtf

i may have found a new hobby.
vapourminer
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what is this "brake pedal" you speak of?


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March 10, 2020, 10:54:44 AM
Merited by Hueristic (1), JayJuanGee (1), P_Shep (1)

I wish I'd been informed about Bitcoin before January 2013. I'd be rich now instead of merely comfortable.

It is difficult to know for sure.

When I looked into bitcoin in November 2013, I had heard about bitcoin earlier, and I even had it book marked as "something to look into", but I am not sure how much I would have been willing to put into it when it was more difficult to do.  There was certainly some kind of legitimacy that came to bitcoin with the market increase in late 2013.. and subsequent market increases (such as 2015-2017) gave further validation to bitcoin.

when i heard about it in 2011 i already had machines doing F@H and such so was familiar with those types of builds. so my game machine was my 1st miner and i could immediately start generating coins.

so my perspective is different from those who bought strictly as an investment. i was playing with a new toy, and coins were the plaything. purpose was to test and beat the snots out of it. try all the different wallets (well the 3 or so then) etc. so while i had a lot of coins (compared to some, but dwarfed by others here), im not rich. those coins were used. not hoarded.

had i kept them.. hey that would have been cool. filthy rich instead of merely very comfortable. but all of it changed my life for the better.
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March 10, 2020, 10:55:31 AM
Merited by Elwar (1)

Back to over $8,000.

Currently observing $8,063. Who sold at the bottom?

My factory in China are shipping again & they said the epidemic is coming to an end over there. I don’t know if their media & news channels have said anything that we won’t know yet but it must be good news. Her English isn’t great so I couldn’t get great detail out of her.
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March 10, 2020, 11:10:51 AM
Merited by LFC_Bitcoin (1)

Back to over $8,000.

Currently observing $8,063. Who sold at the bottom?

My factory in China are shipping again & they said the epidemic is coming to an end over there. I don’t know if their media & news channels have said anything that we won’t know yet but it must be good news. Her English isn’t great so I couldn’t get great detail out of her.

Fingers crossed... for everyone involved!

I've got a trip planned in October for the US Grand Prix and I'll be very pissed if everything is still fucked by then


Some positive action on the price currently, I feel the worst might be over but considering the current climate who really knows
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We choose to go to the moon


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March 10, 2020, 11:11:26 AM

I knew the dip under $8000 would be short-lived!



And where are the all the "geniuses" who predicted $6000?
JSRAW
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March 10, 2020, 11:16:30 AM

Who sold at the bottom?

Hard to find such user in this part of the forum.. question should be who bought the dip or who missed it, again?
LFC_Bitcoin
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March 10, 2020, 11:23:29 AM

Who sold at the bottom?

Hard to find such user in this part of the forum.. question should be who bought the dip or who missed it, again?

I thought about it but I’m literally over 90% of my net worth in BTC so going to leave $xx,xxx in fiat.

I've got a trip planned in October for the US Grand Prix and I'll be very pissed if everything is still fucked by then


Some positive action on the price currently, I feel the worst might be over but considering the current climate who really knows

I’m assuming you’ll be absolutely 100% OK for a trip in October.
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March 10, 2020, 11:28:38 AM

Who sold at the bottom?

Hard to find such user in this part of the forum.. question should be who bought the dip or who missed it, again?

I thought about it but I’m literally over 90% of my net worth in BTC so going to leave $xx,xxx in fiat.

I've got a trip planned in October for the US Grand Prix and I'll be very pissed if everything is still fucked by then


Some positive action on the price currently, I feel the worst might be over but considering the current climate who really knows

I’m assuming you’ll be absolutely 100% OK for a trip in October.

I say I will too, but so much fearmongering going on at the moment it's ridiculous
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March 10, 2020, 11:40:42 AM

May sound dumb right now but...

If this is called AIDS-FLU because it has some characteristics of HIV... does that mean Covid19 can also hibernate like HIV (or Herpes) and come on surface when your immune system is weak... or you are old?

(If that's the case it sounds  like they found a way to sustain social security system infinitely... by killing the weak)
Not how it works. Chlorine is deadly, but ordinary salt is partly made up of it. Just because the virus has some of the same components as HIV does not mean it shares its characteristics.
Totscha
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March 10, 2020, 11:46:25 AM

May sound dumb right now but...

If this is called AIDS-FLU because it has some characteristics of HIV... does that mean Covid19 can also hibernate like HIV (or Herpes) and come on surface when your immune system is weak... or you are old?

(If that's the case it sounds  like they found a way to sustain social security system infinitely... by killing the weak)
Not how it works. Chlorine is deadly, but ordinary salt is partly made up of it. Just because the virus has some of the same components as HIV does not mean it shares its characteristics.

You missed a perfectly good chance to step up you panic mode right there Wink

It's like watching gasoline put out a fire, surreal...
Ibian
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March 10, 2020, 11:54:35 AM

May sound dumb right now but...

If this is called AIDS-FLU because it has some characteristics of HIV... does that mean Covid19 can also hibernate like HIV (or Herpes) and come on surface when your immune system is weak... or you are old?

(If that's the case it sounds  like they found a way to sustain social security system infinitely... by killing the weak)
Not how it works. Chlorine is deadly, but ordinary salt is partly made up of it. Just because the virus has some of the same components as HIV does not mean it shares its characteristics.

You missed a perfectly good chance to step up you panic mode right there Wink

It's like watching gasoline put out a fire, surreal...
That is not actually my goal. I just follow the best information available to me.
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March 10, 2020, 12:04:18 PM
Merited by LFC_Bitcoin (2)

Quick shout out to all WO bulls & bears for helping to make me into a Sr Member today. My 250th merit came from this post megalolz*  Cheesy







Thanks nutildah, though I now formally accuse you of "poaching rank ups", after also making me into a Full Member a few months ago  Tongue

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Lucius
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March 10, 2020, 12:05:18 PM

Back to over $8,000.
Currently observing $8,063. Who sold at the bottom?

Many have sold, there is a weak hands in every panic, I do not believe that will ever change. Most of those who own BTC do not really understand what they actually own, and they just need to look back a few years and see that the value of BTC is steadily increasing, regardless of constant price adjustments.

My factory in China are shipping again & they said the epidemic is coming to an end over there. I don’t know if their media & news channels have said anything that we won’t know yet but it must be good news. Her English isn’t great so I couldn’t get great detail out of her.

The situation in China is improving, very rigorous quarantine measures showing first results. However, I would warn anyone planning to buy something in China that the virus can survive on the surface of various materials for up to 9 days.

The analysis of 22 studies reveals that human coronaviruses such as Severe Acute Respiratory Syndrome (SARS) coronavirus, Middle East Respiratory Syndrome (MERS) coronavirus or endemic human coronaviruses (HCoV) can persist on inanimate surfaces like metal, glass or plastic for up to 9 days, but can be efficiently inactivated by surface disinfection procedures with 62–71% ethanol, 0.5% hydrogen peroxide or 0.1% sodium hypochlorite within 1 minute.
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March 10, 2020, 12:08:13 PM
Merited by vapourminer (1), JayJuanGee (1), OutOfMemory (1)


Let me just elaborate a little bit more on this idea for explaining the dump.

So the idea is the following:

  • Difficulty is increasing steadily over the last adjustments according to https://btc.com/stats/diff. Hash rate has already grown more than 20% YtD.
  • Next expected difficulty adjustment is still expected upwards. It is too early to call for a reliable estimante , but according to https://diff.cryptothis.com/ will be between+0.5% and + 7.50%
  • Bitmain has just introduced the S19 and S19 PRO miners, which are going to destroy the s9 miners.
  • Halving is exactly two months time (according to https://www.bitcoinblockhalf.com/). This will put a lot of pressure on less efficient miners, pushing their mining profitability below the survivor ship minimum threshold.
  • Market is thin and nervous around critical supports, a whale selling could trigger lower levels to profit from
  • As brillantly pointed out by @plutosky in the italian board, the move didn't start from the bad fincancial world. True, BTC derivatives experienced record volumes during the past hours, but Open interest actually declined. This is a strong hint that the volumes were caused by longs being stopped out. Of course it could also meaning shorts taking profits, but in the end this means derivatives didn't originate the move, as they are now with reduced positions.

    As you can see volumes were steady before the movement:



    Suddenly there were a lot of liquidations:



    That led to a reduced open interest:



So yes, this is a reasonable explanation in my opinion, why miners could have been actually selling this market.
I doubt however they had the firing power, or the interest, to start this movement.

LFC_Bitcoin
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March 10, 2020, 12:15:32 PM

Quick shout out to all WO bulls & bears for helping to make me into a Sr Member today. My 250th merit came from this post megalolz*  Cheesy







Thanks nutildah, though I now formally accuse you of "poaching rank ups", after also making me into a Full Member a few months ago  Tongue

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Sending you 2 Merit’s for the achievement, now if you could take me off your fucking distrust settings that’d be cool

Cheesy
dragonvslinux
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March 10, 2020, 12:19:07 PM
Last edit: March 10, 2020, 12:31:07 PM by dragonvslinux

Quick shout out to all WO bulls & bears for helping to make me into a Sr Member today. My 250th merit came from this post megalolz*  Cheesy







Thanks nutildah, though I now formally accuse you of "poaching rank ups", after also making me into a Full Member a few months ago  Tongue

*Read the small-print!

Sending you 2 Merit’s for the achievement, now if you could take me off your fucking distrust settings that’d be cool

Cheesy

Done... confirmation available on Saturday #loyceclub
I didn't think you cared? Edit: PM'd you too bro.
HairyMaclairy
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March 10, 2020, 12:19:25 PM

Get paid to have coronavirus: Scientists will pay volunteers £3,500 to be infected in experiments to develop a vaccine.

https://www.dailymail.co.uk/news/article-8090761/amp/Get-PAID-coronavirus-Scientists-London-pay-volunteers-3-500-develop-vaccine.html?__twitter_impression=true

You could just pick 24 people that already have it and pay them...

They probably have to apply the vaccine before the subject is infected with the live strain.

Oh yeah good point lol
JimboToronto
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March 10, 2020, 12:22:40 PM

Good AM Bitcoinland.

The battle for $8k continues... currently $8088USD/$11045CAD (Bitcoinaverage).

Right back where we were before yesterday's dip.

Meanwhile we're another day closer to the halving. Tick tock.

And where are the all the "geniuses" "legends" who predicted $6000?

ftfy  Cheesy
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