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

[kurious]

Also MAGA is based on the idea that they can do anything on their own. And now they are sabotaging their own concept by inflating the dollar.
This must end in some kind of breakdown.

I didn't really answer the isolationism point, apologies.  I agree.

There is no doubt governments have a role in massive events, and that the public actually wants them to 'do something'.

In 2008/2009 the G20 was formed by Gordon Brown to actually act in a coordinated way and deal decisively with what was a serious credit crunch. It worked.  The lack of of a similar consensus and coordination this time around however, is plain and could get risky.  

In a world crisis it is risky to go it alone, or just blame someone else.  This attitude seems to be hard-written into the current zeitgeist.  The virus will be beaten, but the economic hit /recession will not be beaten easily if there is a credit crunch. This is about debt not being honoured and borrowing not being available because of a failing of trust.

If even a small country's banks get in trouble, and those banks can't be bailed out with loans, because no one will lend to them for fear of default - there will be trouble.   This is when a 'go it alone;' strategy will collapse; as with countries defaulting, then so will global demand.  This and its subsequent 'domino effect' could be a fire storm that will cause far more pain than the virus.  

The virus is just the straw. The camel's back is the world economy.

Edited. I often do.

[kurious]

Did I help the push to free up the screen?

[Elwar]

If things get really bad and they start shutting down centralized messaging services, what are our decentralized options?

[OutOfMemory]

Also MAGA is based on the idea that they can do anything on their own. And now they are sabotaging their own concept by inflating the dollar.
This must end in some kind of breakdown.

I didn't really answer the isolationism point, apologies.  I agree.

There is no doubt governments have a role in massive events, and that the public actually wants them to 'do something'.

In 2008/2009 the G20 was formed by Gordon Brown to actually act in a coordinated way and deal decisively with what was a serious credit crunch. It worked.  The lack of of a similar consensus and coordination this time around however, is plain and could get risky.  

In a world crisis it is risky to go it alone, or just blame someone else.  But this attitude seems to be hard-written into the current zeitgeist.  The virus will be beaten, but the economic hit /recession will not be beaten easily if there is a credit crunch. This is about debt not being honoured and borrowing not being available because of a failing of trust.

If a country's banks get in trouble, and those banks can't be bailed out with loans, because no one will lend to them for fear of default - there will be trouble.   This is when a 'go it alone;' strategy will collapse; as with countries defaulting, then so will global demand.  This and its subsequent 'domino effect' could be a fire storm that will cause far more pain than the virus.  

The virus is just the straw. The camel's back is the world economy.

Problem is, according to human nature, we try to carry out "former successful strategies" in the first place, before we go on to think about alternatives.
So it's always a nosedive before the way up again. So far economy only fell on its knees...

Also, the majority of the public thinks in a one-dimensional way, so they'd support more simple (understandable) "solutions". The majority wouldn't trust some complicated plans and international relationships as much as mentioned "do something" decisions. In fact it seems to be "do something, and make us look strong, too".

[kurious]

Sadly, yes.

[OutOfMemory]

If things get really bad and they start shutting down centralized messaging services, what are our decentralized options?

If i would have any amount of sMerit left, i'd give them all to you, just because of asking that question.
In fact, i have no idea. Back to IRC?

[lightfoot]

If things get really bad and they start shutting down centralized messaging services, what are our decentralized options?

UUCP and UUCico?

[Torque]

There were funky China men from funky Wuhan
They were chopping bats up
They were gulping bats dahn

It's an ancient Chinese art
And everybody played their part
Started as a quarantine on a ship
Then spiraled into global pandemic

Everybody was Kung Flu fighting
The markets plunged fast as lightning
In fact it was a little bit frightening
But they caught the bottom with expert timing

[bitserve]

If things get really bad and they start shutting down centralized messaging services, what are our decentralized options?

Ham radio.

[gentlemand]

Ham radio.

[serveria.com]

Everybody was Kung Flu fighting
The markets plunged fast as lightning
In fact it was a little bit frightening
But they caught the bottom with expert timing

Haha this one is hilarious  

[fillippone]

If things get really bad and they start shutting down centralized messaging services, what are our decentralized options?

LoRaWan and/or Mesh Networks.

[Total privacy Bitcoin]: off grid Transactions LoRaWan/goTenna

[Elwar]

Looks like Bitmessage is still going. Their reddit page is active.

https://bitmessage.org/wiki/Main_Page

[P_Shep]

If things get really bad and they start shutting down centralized messaging services, what are our decentralized options?

Isn't the LN supposed to provide a solution to this?

[jojo69]

If things get really bad and they start shutting down centralized messaging services, what are our decentralized options?

damn good question

20M is pretty good in the daytime

75M at night

we live in a pretty centralized world

[JayJuanGee]

Sent fiat to exchange. Just in case Bitcoin decides to give another big chance to buy cheap (sub$4,xxx).

You are skipping straight from sub $5k to sub $4k?

One step at a time, Wekkel, no?

I am not going to presume sub $4k.  No way

No, I have a strategy aimed at sub $5,500, but then I wouldn’t have any fiat power left. I keep open the possibility that Wall Street takes another nose dive (in the US the Corona shit is about to hit the fan), possibly dragging Bitcoin down with it... again. I would hate missing a great ‘buy the dip’ moment again  

oh.  Maybe I misunderstood some of what you said.

Historically, you have seemed to have been a kind of person who had been able to either buy small amounts on  the way down, or at least HODL through the situation, even though sometimes the level of your bearishness could sometimes have indicated when a bottom was close to being in.

As you likely realize, my personal strategy attempts to prepare for more bearish than I actually expect the worst case scenarios to be, so even though I might not want to indicate some of my true level of bearishness or skepticism because I would not want to either be perceived as cheering for down or contribute towards causing anyone to sell BTC when they should either be preparing to buy on the way down or HODLing through.

It seems to me that you should not exhaust all of your fiat in the sub $5.5k arena if you are actually anticipating either sub $5k or even somewhere lower in the $4ks.

But, yeah, who the fuck really expected BTC prices to be here in the first place, and sure it is not out of the question that we might be testing $3,124 again at some point, not intending to give any suggestion to mindrust like folks to wait for that low before they start buying back.. and that is if they even get a chance to buy back in the sub $5ks.

Someone like mindrust, I just have a hard time knowing what I would do, because I would not have pulled that initial trigger in the first place, but I recognize that his perspective is different anyhow, because for some reason he continues to give a decent amount of weight to those bear stories that are projecting quite low BTC prices that seem to be kind of out of the realm of realistic likelihood for many of the rest of use BTC HODLers.

So that’s why I keep some powder dry at the trigger. Another BIG Dip is a strategy, not a desire. My main (small) trading position now is long.

Your dry powder surely does not go very far if you are going to exhaust it in the mid $5ks.

So since you are describing a "trade position", then I am gathering that you have a separate HODL stash that you do not touch?

[JimboToronto]

If things get really bad and they start shutting down centralized messaging services, what are our decentralized options?

Ham radio.

dadidadidadadida

or more properly:

Dah-Dit Dah-Dit, Dah-Dah Di-Dah

[Wekkel]

So that’s why I keep some powder dry at the trigger. Another BIG Dip is a strategy, not a desire. My main (small) trading position now is long.

Your dry powder surely does not go very far if you are going to exhaust it in the mid $5ks.

So since you are describing a "trade position", then I am gathering that you have a separate HODL stash that you do not touch?

Yup. My Mom Didn't Raise No Dummy 

[JayJuanGee]

So that’s why I keep some powder dry at the trigger. Another BIG Dip is a strategy, not a desire. My main (small) trading position now is long.

Your dry powder surely does not go very far if you are going to exhaust it in the mid $5ks.

So since you are describing a "trade position", then I am gathering that you have a separate HODL stash that you do not touch?

Yup. My Mom Didn't Raise No Dummy 

hahahaha

Yeah... we seem to have a considerable number of regulars here, who realize that even if they fuck around with trading a portion of their stash, they need to figure out (and practice) a portion of their BTC that they are NOT going to touch, except maybe when the BTC price goes above certain levels or some other tentative upwardly bound criteria.

[Raja_MBZ]

If things get really bad and they start shutting down centralized messaging services, what are our decentralized options?

https://myhush.org/

Private Cryptocurrency and Messenger on Zero Knowledge Proof Encryption

HUSHLIST PRIVATE MESSENGER FOR PSEUDONYMOUS AND ANONYMOUS COMMUNICATIONS
Hushlist is a program which allows communicating via the cryptocurrency Hush. You can send messages to around 50 people simultaneously, allowing for encrypted mailing-list style messaging.