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

[gentlemand]

6.5 million Australians, the skint ones, are getting $750 from the government to cheer them up. Will there be more of the same elsewhere?

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[Elwar]

6.5 million Australians, the skint ones, are getting $750 from the government to cheer them up. Will there be more of the same elsewhere?

The US gave out about $1200 after 9/11. To boost the economy.

[mindrust]

You know what panic and pandemic have in common? Take a closer look.

PANDEMIC

Observing @ $ 7,675 😜

We are all going to die and not just that... we'll die POOR! Worst of both worlds.

$7655!

(I wish I didn't throw that 5 grand on btc today fck, good news is the support line still holds but  FOR HOW LONG???)

You are frequently rooting for down in order to get some buying opportunities.  Why change your mind, now?

This is what panicking is about. Panic when It goes up because you don't have enough coins yet, panic when it goes down because it is going down (but not low enough) and you are entering from the wrong price. This is what happens when you play both sides.

Now the price is up and solid again at 7900 I am glad that I spent that $5k.

If that bottom holds, that'll be one of the best btfd's of my life.

[gentlemand]

Our Donald is addressing us. His breathing sounds fucked up.

I was watching Virus, nee Fukkatsu No Hi, the other day https://www.youtube.com/watch?v=xiPgnXygor8 which has a bit where the oval office is filled with dying snotty people. I hope it wasn't prescient.

The only place left is Antarctica with six women to go round between a few hundred blokes. If you have a woman around the house post her down there for the sake of the human race.

[smartcomet]

[kellrobinson]

Al we need now is clueless newspapers writing that bitcoin is going to be halved in two months.

Bitcoin IS going to be halved in two months.

[jojo69]

Al we need now is clueless newspapers writing that bitcoin is going to be halved in two months.

Bitcoin IS going to be halved in two months.

Nah

I'm quite sure that is going to get postponed due to the virus.

[kellrobinson]

You said bitcoin was "specifically meant to go way up in price." That's the part I had a problem with. Satoshi didn't design bitcoin for that purpose. Proof of this lies in the million (or more) untouched Satoshi-mined coins. If he was motivated by profit, he would have moved them a long, long time ago. I don't think there's any sort of long-term scheme we don't see in that regard; I think the coins won't ever move.

What happens to those coins when Paul LeRoux gets out of prison depends on whether he used a brain wallet and remembers the phrase.

[HairyMaclairy]

Nothing to see here.  Move along. 

[KonstantinosM]

I just bought the dip, Just a little bit, I think that a year or two from now, we'll be looking back at this as a discount. I'm an optimist, next time we're getting to 20k, we're smashing through it like wet toilet paper.

edit: Bought at 7,664

[somac.]

Is the combined order book working for anybody? damn site is unreliable as hell.

https://data.bitcoinity.org/markets/books/USD

[Biodom]

I'm thinking of playing the US stocks a little more. There is some predictable price action ahead.

For example: By the end of the week, some kind of stimulus package will be passed by the government. Markets skyrocket. Next week, following logarithmic viral spread and increased testing, the market will crash further.

maybe, but I am curious about rebounding yield curves. 10 year went from 0.31% on Monday to 0.82% today- a crazy move.
We shall see if it continues. I stand by my prediction (made on Sunday) that Monday would mark the generational low in US [long term] bond yields.

https://bitcointalk.org/index.php?topic=178336.msg53992050#msg53992050

Shit's gonna be apocalyptic tomorrow when the markets open.

Brace for maximum pain.

HODL strong. It's going to get worse.

Maybe, but futures are NOT at the lock down yet.

[JSRAW]

[JayJuanGee]

Good morning Bitcoinland.

Sideways... $7860USD/$10804CAD (Bitcoinaverage).

Ho hum.

What middle class?

Employees.

Serfs.

Peasants.

I think peasants might even be above serfs. Depending on region and time period.

Reminds me of a quote. Gold is the money of kings, silver is the money of nobility, barter is the money of peasants, and debt is the money of slaves.

Some of that is true, but also these days, you can really use debt to your advantage.

Part of the confusion about this whole system is that money and the time value of money is so cheap that in using the incumbent system, there are ways to use debt to get things that you would not otherwise deserve, and then pay back the debt 5 or 10 years later when the money is worth less.

Part of the problem with poor people is that they cannot even get credit or banks, and maybe that is not as much a problem in the west because there are a lot of people who get debt and use it badly, but some people do not even have those tools available to them and able to profit from having those kinds of debt tools.

[somac.]

This pretty accurate to what I'm thinking. Yes the price of Bitcoin is going down at the moment, but my biggest concern right now is with my other investments. I am starting to get very concerned about counter party risk. Something I don't have to worry about with bitcoin.

[nutildah]

FTFY



 

(ps: nothing personally directed at you, I just had to take a potshot)

[JSRAW]

This pretty accurate to what I'm thinking. Yes the price of Bitcoin is going down at the moment, but my biggest concern right now is with my other investments. I am starting to get very concerned about counter party risk. Something I don't have to worry about with bitcoin.

Genuine concern, Can understand that....
I consider myself lucky as my IQ level is under 70, so i never get in other investment other than Bitcoin and Land/Property.
 

[somac.]

This pretty accurate to what I'm thinking. Yes the price of Bitcoin is going down at the moment, but my biggest concern right now is with my other investments. I am starting to get very concerned about counter party risk. Something I don't have to worry about with bitcoin.

Genuine concern, Can understand that....
I consider myself lucky as my IQ level is under 70, so i never get in other investment other than Bitcoin and Land/Property.
 

You'll be very thankful for that in the next few years.

[lightfoot]

Wonder if it's time for inoculations.

In other words find someone with the virus, get a sample, and put it in a cut or something on your body. Body detects invader, body makes antibodies before it gets to your lungs.

[JSRAW]