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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25493208 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.)
nanobtc
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March 11, 2020, 03:58:57 AM
Merited by vapourminer (1), DaRude (1), bitebits (1), OutOfMemory (1)

I've been following the COVID-19 news with interest, but no panic. It is early in the game, lots of numbers are being thrown around. The sample is still small %-wise, and there is much that is under-reported.  I did see this (Forbes? I forget) and thought it wise words. Surely not gospel, but it is probably laced with fact.

Abdu Sharkawy
March 6 at 2:45 AM ·

I'm a doctor and an Infectious Diseases Specialist. I've been at this for more than 20 years seeing sick patients on a daily basis. I have worked in inner city hospitals and in the poorest slums of Africa. HIV-AIDS, Hepatitis,TB, SARS, Measles, Shingles, Whooping cough,  Diphtheria...there is little I haven't been exposed to in my profession. And with notable exception of SARS, very little has left me feeling vulnerable, overwhelmed or downright scared.

I am not scared of Covid-19. I am concerned about the implications of a novel infectious agent that has spread the world over and continues to find new footholds in different soil. I am rightly concerned for the welfare of those who are elderly, in frail health or disenfranchised who stand to suffer mostly, and disproportionately, at the hands of this new scourge. But I am not scared of Covid-19.

What I am scared about is the loss of reason and wave of fear that has induced the masses of society into a spellbinding spiral of panic, stockpiling obscene quantities of anything that could fill a bomb shelter adequately in a post-apocalyptic world. I am scared of the N95 masks that are stolen from hospitals and urgent care clinics where they are actually needed for front line healthcare providers and instead are being donned in airports, malls, and coffee lounges, perpetuating even more fear and suspicion of others.
 
I am scared that our hospitals will be overwhelmed with anyone who thinks they " probably don't have it but may as well get checked out no matter what because you just never know..." and those with heart failure, emphysema, pneumonia and strokes will pay the price for overfilled ER waiting rooms with only so many doctors and nurses to assess.

I am scared that travel restrictions will become so far reaching that weddings will be canceled, graduations missed and family reunions will not materialize. And well, even that big party called the Olympic Games...that could be kyboshed too. Can you even imagine?

I'm scared those same epidemic fears will limit trade, harm partnerships in multiple sectors, business and otherwise and ultimately culminate in a global recession.

But mostly, I'm scared about what message we are telling our kids when faced with a threat. Instead of reason, rationality, openmindedness and altruism, we are telling them to panic, be fearful, suspicious, reactionary and self-interested.

Covid-19 is nowhere near over. It will be coming to a city, a hospital, a friend, even a family member near you at some point. Expect it. Stop waiting to be surprised further. The fact is the virus itself will not likely do much harm when it arrives. But our own behaviors and "fight for yourself above all else" attitude could prove disastrous.

I implore you all. Temper fear with reason, panic with patience and uncertainty with education. We have an opportunity to learn a great deal about health hygiene and limiting the spread of innumerable transmissible diseases in our society. Let's meet this challenge together in the best spirit of compassion for others, patience, and above all, an unfailing effort to seek truth, facts and knowledge as opposed to conjecture, speculation and catastrophizing.

Facts not fear. Clean hands. Open hearts.
Our children will thank us for it.

Dr. Abdu Sharkawy, internal medicine and infectious diseases consultant with Toronto’s University Health Network and an assistant professor at University of Toronto.
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jojo69
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1/21000000 , the only math you need to know


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March 11, 2020, 03:59:37 AM

gatherings of greater than 250 people to be banned in Washington State
JayJuanGee
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ESG, KYC & AML are attack vectors on Bitcoin


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March 11, 2020, 04:07:15 AM

https://www.zerohedge.com/political/watch-live-pence-delivers-coronavirus-task-force-update-new-cases-deaths-climb

Trump supposedly about to deliver his Bailout plans to the world shortly. Rumor is cutting payroll taxes to zero among other goodies. Bullish bc the American worker would have more money to stack satoshis.

Possibly lots of money printing to be proposed as well.  Smiley

Does anyone think that if Bitcoin was invented before the 2009 financial crisis that all the money printed to bail out Wall Steet and Banks wouldnt have been insanely bullish for Bitcoin? I know I do.  Grin


Anyone else inventing Bitcoin,

besides Satoshi The Bitcoin Saint,

would have gotten it patented and copyrighted went to the banks and made his billions that way. Can you imagine the trillions of dollars that

they could have made since 2009 and keeping the fees and such in the financial industry and banks the same. wow!

IMHO, Satoshi = 1st Bitcoin Saint! Smiley

Brad

Bitcoin largely has value because it is open source and satoshi disappeared without seeming to attempt to claim his coins.  You cannot change a few facts, such as Satoshi attempting to profit off of BTc and then extrapolate similar financial performance, value or networking effects outcomes.   
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March 11, 2020, 04:50:43 AM
Merited by bones261 (2), JayJuanGee (1), lightfoot (1), mindrust (1)

Covid-19 is affecting 119 countries, 119,217 cases worldwide with 4,299 deaths.

- First Italian doctor dead.

- Turkey, Jamaica, Panama and Bolivia reporting first cases.

- Iceland now has the highest number of cases per inhabitant in Europe.

- Coronavirus mortality in Lombardy is now 8%, more than double Wuhan rate. Health system on the brink of collapse.

- 4 new cases in Poland including the General commander of the Polish army.

- 100,000 inhabitants placed in lockdown in Lousada and Felgueiras, an hour and a half by car from Vigo in northern Portugal.

- World Trade Organization cancels all meetings through March 20 after one of its staff members tested positive.

- South Dakota and Michigan reporting first 5 cases. Cases in the U.S. is above 1000 with 31 deaths. Washington State considering "Rapid Lockdown".

- Slovenia, Switzerland closing borders with Italy.

- Austria closes border with Italy, bans indoor events with more than 100 people, and closes universities.

- British Airways, AirFrance, AirCanada and Ryanair have cancelled all international flights to and from Italy.

- Paraguay closes all schools and bans events and places with large groups of people.

- MGM Resorts to close Vegas buffets.

Anyone who believes anything from china, or WHO, can not be taken serious.


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Doomed to see the future and unable to prevent it


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March 11, 2020, 04:54:55 AM
Merited by Lambie Slayer (1)


Your mom yells at you to the point where you tune her out and get dragged to the doctor, yet you hang out with men?

A likely story.
Smiley


Lol, every once in a while I'm glad you get quoted Iban otherwise I would miss these gems. Smiley
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Shitcoin 3.0 Distribution Now Underway


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March 11, 2020, 05:03:21 AM
Merited by JimboToronto (1)

https://en.wikipedia.org/wiki/Executive_Order_6102

"Executive Order 6102 is a United States presidential executive order signed on April 5, 1933, by President Franklin D. Roosevelt "forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States"."

Bernie could do this with Bitcoin. Do I think he would, idk, but Im sure Trump or Biden wouldn't. True it wouldnt censor Bitcoin, but an executive order banning Bitcoin ownership would put me out of the hodl game.

Its the extreme leftists Bernie would appoint to power that I would worry about most. A Bernie Fed ran by a communist bartender chick could easily ban Bitcoin.

These seem to be baseless, McCarthy era-level fears. I hope you don't actually believe this and are just using hyperbole to state your beliefs. Regardless, you're right in that its almost a moot point. America can now prepare itself for 4 more years of mediocrity and flow of wealth from the middle class to the rich.
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March 11, 2020, 05:06:42 AM

https://en.wikipedia.org/wiki/Executive_Order_6102

"Executive Order 6102 is a United States presidential executive order signed on April 5, 1933, by President Franklin D. Roosevelt "forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States"."

Bernie could do this with Bitcoin. Do I think he would, idk, but Im sure Trump or Biden wouldn't. True it wouldnt censor Bitcoin, but an executive order banning Bitcoin ownership would put me out of the hodl game.

Its the extreme leftists Bernie would appoint to power that I would worry about most. A Bernie Fed ran by a communist bartender chick could easily ban Bitcoin.

These seem to be baseless, McCarthy era-level fears. I hope you don't actually believe this and are just using hyperbole to state your beliefs. Regardless, you're right in that its almost a moot point. America can now prepare itself for 4 more years of mediocrity and flow of wealth from the middle class to the rich.


What middle class?

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March 11, 2020, 05:30:09 AM
Last edit: March 11, 2020, 07:16:41 AM by bitebits
Merited by Hueristic (1), DaRude (1), ivomm (1)

Did not see this posted yet, 39 page report:

https://assets.documentcloud.org/documents/6616225/Plustoken-Report.pdf
Quote
This inaugural Special Situation Report will deliver the facts about PlusToken through the lens of on-chain bitcoin analysis


Issue 2 of the OXT Research PlusToken:
https://research.oxt.me/special-situation-report/2/preview

If I am reading this correctly, out of 178k BTC there are 38k BTC still to be dumped. We are getting there.

Quote
Approximately 80% of coins entering mixing have been distributed while up to 33,872 BTC remain in the mixer and 3,853 BTC are in the distribution process, resulting in a total of 37,725 BTC that have entered mixing, but not yet been distributed.

(Who in his right mind is that desperate for yuans to dump it all pre halving? Scammers getting free money. When I think about it, it is a true gift really. This has likely been artificially keeping the price down for the last 6+ months, probably shorting before dumping.)
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March 11, 2020, 06:02:04 AM
Merited by Hueristic (1)

Anyone who believes anything from china, or WHO, can not be taken serious.

Eventually natural immunities will develop and herd immunity will kick in. But not before at least 80% of the population is infected. This is not guessing, we can compare with other diseases with similar infectiveness.

There is no possibility that the entire west will not be infected.

Yet on Diamond Princess, about 20% got infected.
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March 11, 2020, 06:13:38 AM

MARTY'S ɃENT
Issue #694: shallow safety v. deep safety
My long-term bet is on the system exhibiting deep safety.


Quote
Building on yesterday's issue in which I explained why I will keep stacking sats regardless of short-term price movement. As long as the important fundamentals - hash rate, protocol development, full node operation, proliferation of second layers, and public awareness - keep improving, I am completely comfortable storing value in UTXOs. This is because these improving fundamentals strengthen Bitcoin's deep safety.

https://tftc.io/martys-bent/issue-694/
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March 11, 2020, 06:52:50 AM

Anyone who believes anything from china, or WHO, can not be taken serious.

Eventually natural immunities will develop and herd immunity will kick in. But not before at least 80% of the population is infected. This is not guessing, we can compare with other diseases with similar infectiveness.

There is no possibility that the entire west will not be infected.

Yet on Diamond Princess, about 20% got infected.

While restricted to cabins
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March 11, 2020, 07:02:16 AM

Anyone who believes anything from china, or WHO, can not be taken serious.

Eventually natural immunities will develop and herd immunity will kick in. But not before at least 80% of the population is infected. This is not guessing, we can compare with other diseases with similar infectiveness.

There is no possibility that the entire west will not be infected.

Yet on Diamond Princess, about 20% got infected.
Once again ad infinitum, a ship is not a country. Besides the numbers on the plague ship don't seem to be adding up. We are not being told something.

That aside, I should be a little clearer. The entire world is going to be exposed to the virus, but we don't know what the risk of getting sick after exposure is. Just another missing piece of this whole mess.
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March 11, 2020, 07:11:00 AM

https://www.bbc.com/news/world-asia-51555420

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Kentaro Iwata, professor at the infectious diseases division of Japan's Kobe University, described the situation on board as "completely inadequate in terms of infection control".

After visiting the ship, Prof Iwata posted a video to YouTube stating that the quarantine measures he witnessed failed to separate the infected from the healthy.

He reported:

    Passengers and crew members moving freely between the green zone, which is supposedly infection-free, and the virus-hit red zone
    People eating together and sharing living quarters
    A failure to wear protective clothing, including among medical staff
    No professional infection control specialist on board

Yeah sure, a ship is not a country. It's way worse. Population density on the ship is huge compared to a country. Imagine living in close very proximity to 700 infected passengers, all of them breathing, coughing, etc.

More from that guy:

Quote
The expert said he was more afraid of catching the virus on board than he had been working in the field in Africa during the Ebola epidemic and in China during the Sars (severe acute respiratory syndrome) outbreak.
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March 11, 2020, 07:13:05 AM
Merited by Hueristic (1)

Anyone who believes anything from china, or WHO, can not be taken serious.

Eventually natural immunities will develop and herd immunity will kick in. But not before at least 80% of the population is infected. This is not guessing, we can compare with other diseases with similar infectiveness.

There is no possibility that the entire west will not be infected.

Yet on Diamond Princess, about 20% got infected.
Once again ad infinitum, a ship is not a country. Besides the numbers on the plague ship don't seem to be adding up. We are not being told something.

That aside, I should be a little clearer. The entire world is going to be exposed to the virus, but we don't know what the risk of getting sick after exposure is. Just another missing piece of this whole mess.

shit's getting real if Ibian is considered as the reasonable and serious one.

 Cheesy Cheesy Cheesy Cheesy Cheesy
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March 11, 2020, 07:16:51 AM

gatherings of greater than 250 people to be banned in Washington State

So they gonna close down subway stations?
From yesterday, we have national limits of 100 people indoors, 500 people outdoors per gathering.
Borders to Italy are closed, only limited passing allowed, as delivery trucks (drivers will be interviewed and checked for symptoms), nationals will have to go into quarantine after returning to the country. high schools and universities to be closed on monday, switching to e-learning, schools and childcare facilities should evaluate and prepare for possible closure within the next days/weeks.
People advised to stay at home, go out only if needed and reduce contacts to people, avoid crowds.

I think we had 200 cases so far, no deaths, one critical case and a handful of healed patients.
Testing is done only when symptoms occur, followed by contact tracing if positive. Contact persons are informed and put into home quarantine for 14 days.
No real worries, yet.
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March 11, 2020, 07:52:19 AM
Merited by LUCKMCFLY (1)



Critical moments are ahead.
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March 11, 2020, 08:20:11 AM


Critical moments are ahead.

Absolutely no sweat above unless below $7.6k
How many times has the trust in bitcoin been tested already?
#hodl
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March 11, 2020, 08:22:53 AM


Ready for liftoff, all systems go

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March 11, 2020, 08:42:48 AM


Critical moments are ahead.

Absolutely no sweat above unless below $7.6k
How many times has the trust in bitcoin been tested already?
#hodl

I am flashing $5k. aand done. Still have stronk FIAT reserves but a lot less than what it was 3 months ago.
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March 11, 2020, 08:57:26 AM
Merited by El duderino_ (2)

The 5% combined order book looks pretty impressive in favour of the bulls, esp. on Bitfinex. This should be the end of the bear cycle.

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