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

[marcus_of_augustus]

https://www.bbc.com/news/world-us-canada-51978164

Four people in the same family have died from coronavirus in the US state of New Jersey, with three more relatives in hospital.

Grace Fusco, 73, and six of her adult children fell ill after attending a large family gathering.

... I have feeling overweight Italian (or Italian heritage) maybe particularly vulnerable. High BP, lots of social touching, (holding hands, kisses, hugs, cheek squeezes, etc). The virus appears to be a particularly vicious threat to generally sick societies.

Edit: Number of cases testing +ve and deaths still doubling every 4 days ... i.e. 4 day doubling time.

Estimating back-of-envelope calculation. ~200k global cases confirmed, Fauci says this is 4 days behind actual and only 80% of cases getting tested. We probably have 2 million global cases right now. Therefore between 20,000-100,000 deaths in the pipeline (assumes infection spread halted totally today).

[1714021267]

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[1714021267]

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[Cryptotourist]

https://www.bbc.com/news/world-us-canada-51978164

Four people in the same family have died from coronavirus in the US state of New Jersey, with three more relatives in hospital.

Grace Fusco, 73, and six of her adult children fell ill after attending a large family gathering.

... I have feeling overweight Italian (or Italian heritage) maybe particularly vulnerable. High BP, lots of social touching, (holding hands, kisses, hugs, cheek squeezes, etc).

Bless them, life to you.

The virus appears to be a particularly vicious threat to generally sick societies.

Generally sick societies?
Too bad we don't cast them anymore. Oh wait...

[JimboToronto]

Stop using the paper money. Seriously, paper money is the easiest way to spread any kind of germs.

Not my paper money. 

You may want to seal those, just to be safe against deterioration and tearing.

Don't worry. Most of my "paper" wallets are encrypted silicon, duplicated and off-site.

Those that are actually paper (travel, current transactions, etc.) I keep in money-sized ziplock baggies along with pertinent transaction details like dates, amounts, sources etc.

I also archive my old swept wallets with their records. Some of them even have bits of forkcoins I never bothered to scavenge. They're also in baggies but additionally sealed in Mylar.

Someday even those forkcoin "faketoshis" might add up.

[marcus_of_augustus]

The virus appears to be a particularly vicious threat to generally sick societies.

Generally sick societies?

... yes, like endemic obesity, high blood pressure, poor diets, low exercise, unfit, sedentary lifestyles, high smoking rates, high alcohol intakes, heavily medicated, high background pollution levels, high depression levels, poor mental health, high cancer rates, high average age, low vigor, etc.

Generally sick societies.

[Cryptotourist]

... yes, like endemic obesity, high blood pressure, poor diets, low exercise, unfit, sedentary lifestyles, high smoking rates, high alcohol intakes, heavily medicated, high background pollution levels, high depression levels, poor mental health, high cancer rates, high average age, low vigor, etc.

Generally sick societies.

Aren't you a joy to chat with, I'm no expert of course, but I think you just described 99% of the world population.

[Cryptotourist]

This child is off to bed.
The other one should pick up shortly.

Ta-da.

[Dabs]

Don't worry. Most of my "paper" wallets are encrypted silicon, duplicated and off-site.

Those that are actually paper (travel, current transactions, etc.) I keep in money-sized ziplock baggies along with pertinent transaction details like dates, amounts, sources etc.

I think laser printed paper wallets are better than inkjet printed, as the toner lasts longer and more resistant to moisture. I can't tell from the picture as there are color laser printers but they tend to be more expensive (and the toner as well.)

Mine are in those plastic folder binder thingies with sheet protectors.

[marcus_of_augustus]

This child is off to bed.
The other one should pick up shortly.

Ta-da.

Ok, later.

You girls need to ask for a raise from your handlers. Getting led around like bitches on a leash and made to bark lies on demand is very demeaning.

Maybe the public doesn't need to be told what to think by agents of the state who have to slink around covertly lying and manipulating in public forums?

[jojo69]

It's not about the Covid deaths. It's about their consequences.
Snakes don't do much damage to the economy, do they?

Well, maybe we shouldn't overreact and shut down the economy then.

Agree. If people could (would be willing to) interact in a manner that slows down the spread, economy could continue in some kind of "safe mode".
It's because many people are too dumb (simply put), so they get locked down.
Would be better to control spread via hygiene and technology to avoid overloading the healthcare system.
lockdown is quite a dumb measure, and if you even think of the consequences of taking the freedom of millions...

[jojo69]

Getting merit in WO easy for newbie tbh, just hit the right cord.

Just trying to help your English, I know this one is subtle.

You mean "chord" like in music.

[jojo69]

Welcome, Here4Gainz.  You might need to provide more information about your particulars, but surely your own research would be part of any BTC plan.

I generally recommend that newbies figure out their cashflow for 6 months, and then make an investment budget that is spread out during that kind of timeline that allows them to continue to learn about BTC while they are investing by dollar cost averaging, buying on dips and perhaps frontloading their investment a bit.

Accordingly you can take your current cash available for budgeting towards bitcoin and add it with your cashflow that you expect to dedicate to invest in bitcoin over the next 6 months.  Divide that into three and invest 1/3 immediately and dedicate 1/3 respectively to DCA and buying on dips.

Of course, you can employ other variations of such recommended strategy to account for all of your own specific conditions, including  your cash flow, other investments, view of bitcoin as compared with other investments, risk tolerance, timeline and time and skills for trading, managing your portfolio or researching into bitcoin (including tweaking from time to time).

Jay

you should get an AM radio show

[JayJuanGee]

Welcome, Here4Gainz.  You might need to provide more information about your particulars, but surely your own research would be part of any BTC plan.

I generally recommend that newbies figure out their cashflow for 6 months, and then make an investment budget that is spread out during that kind of timeline that allows them to continue to learn about BTC while they are investing by dollar cost averaging, buying on dips and perhaps frontloading their investment a bit.

Accordingly you can take your current cash available for budgeting towards bitcoin and add it with your cashflow that you expect to dedicate to invest in bitcoin over the next 6 months.  Divide that into three and invest 1/3 immediately and dedicate 1/3 respectively to DCA and buying on dips.

Of course, you can employ other variations of such recommended strategy to account for all of your own specific conditions, including  your cash flow, other investments, view of bitcoin as compared with other investments, risk tolerance, timeline and time and skills for trading, managing your portfolio or researching into bitcoin (including tweaking from time to time).

Jay

you should get an AM radio show

Sorry to break newses,

 this be my talk show...

Only I can type... no doesn't know how spoiken dee engwish proper.  

sucks Bme.  

Next caller.....   Line 3:  

[lightfoot]

Thanks for the bidet tutorials everyone. Will be interesting to see how this thing works when it gets here.

Meantime I'm prepped up and pretty much ready for anything. We'll see what happens tomorrow, I'm sure it will be a new fun-filled day!

[JSRAW]

Thanks jojo

[bitebits]

Afternoon all

New 2 BTC and investing in general - wanting to take advantage of the new world I entered at a very small 0.2 BTC @ 5.7k. Have plenty of funds and considering buying 1 - 2 whole btc as I'm gathering confidence that it'll return to 10k+

Discuss and help a newb out.

Wait until $10k/btc then you are sure.

[bitebits]

Afternoon all
[...]
Discuss and help a newb out.

[...]
I generally recommend that newbies figure out their cashflow for 6 months, and then make an investment budget that is spread out during that kind of timeline that allows them to continue to learn about BTC while they are investing by dollar cost averaging, buying on dips and perhaps frontloading their investment a bit.
[...]

Or just go all in

That is for more seasoned bitcoin holdlers. Many will drop off after putting in some dollars followed by a few pumps or dumps, seen many wall observers come and go over the years.

For those few sticking around it generally still takes a few years to get to that level of confidence, but it seems almost inevitable to not be over invested in bitcoin. Once you start understanding what money versus fiat is, what a powerful feeling it is to hold something that can’t be taken from you, can be transferred at any time to anyone around the world, how truly solid the Bitcoin network is, then it becomes a no-brainer really.

Long term hodlers easily get ‘over invested’ as well because number seems to have the tendency to go up. Which makes sense understanding the above.

[eddie13]

News from the ground..

Largest near sporting goods store says firearms are not to be sold, and 100 round ammo limit..

Truckers carrying "critical supplies" waived from logbook restrictions..
Rates are up from under $2 a mile to over $3 a mile..

I could go drive truck if needed to be a hero..

[VB1001]

One more thing about #bitcoin stock-to-flow model: the important thing is not S2F sec (it's determined, fixed in code), but the fact that btc price (demand & supply) tracks S2F like clockwork, i.e. the cointegration. Why? Scarcity, network effects, hodlers, QE ... time will tell.

https://twitter.com/100trillionUSD/status/1240946578422140930

Everything is possible, including PlanBTC

Good morning WO,s

[VB1001]

Jay

you should get an AM radio show

Next caller.....   Line 3:  

Radio AM, good times, JJG would be a good radio announcer, his program would occupy 24 hours, It would contribute to a rapid adoption of Bitcoin.

[Wekkel]

An interesting read, overall, though.

https://unherd.com/2020/03/covid-19-has-exposed-our-financial-fragility/

Highly recommended  

Two key words:
*MMT (money printing)
*UBI (Universal Basic Income)

It’s coming, and it will be damn impossible to shut it off again.

Bullish for Bitcoin.