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Question: Where will this rally top out?
Already topped <$7,000 - 19 (23.8%)
$7,000-$7,499 - 6 (7.5%)
$7,500-$7,999 - 8 (10%)
$8,000-$8,499 - 4 (5%)
$8,500-$8,999 - 5 (6.3%)
$9,000-$9,499 - 1 (1.3%)
$9,500-$9,999 - 0 (0%)
$10K+ - 37 (46.3%)
Total Voters: 80

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21587960 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. (144 posts by 34 users deleted.)
Lambie Slayer
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February 27, 2020, 01:06:14 PM

If..... coronavirus wiped out a large portion of the elderly, it would solve 2 huge problems most young people face. Both of these problems were caused by money printing and big government.

Problem 1: Unaffordable housing.


The house market would crash like never seen in modern history if 10s of millions of homes all of the sudden had dead owners and hit the for sale inventory. The young survivors could easily afford homes at that point.



Problem 2: Unaffodable healthcare.

The healthcare industry makes the vast majority of its money form the elderly. A person usually spends more on healthcare in the last 6 months of their life than on their entire life prior.

People with sixth months to live will effectively be wiped out now if the Coronavirus spreads throughout humanity. Anyone in that bad of shape has little chance of surviving.

Prices will have to come down massively as the healthcare industries best customers all perish. I keep reading about drug companies not wanting to spend money on coronavirus vaccine research, but if they dont find one all of their most lucrative customers will die.


Yeah, but you know what, I still don't want my dad to die.

Yes, me neither. It wont be everyone's parents that die. Everyone, including myself is likely hoping that their parents make it through.

Based on mortality by age so far Id estimate about 1 out of 5 people with 2 parents in 70's and up range will have at least one parent die from this virus.

Coronavirus seems to specialize in taking out people who probably didn't have a lot of time left anyway. Not one death under 9 years old so far if the reports are accurate.


 
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1586209659
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Last of the V8s
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February 27, 2020, 01:09:40 PM

A little known specialized bond created in 2017 by the World Bank may hold the answer as to why U.S. and global health authorities have declined to label the global spread of the novel coronavirus a “pandemic.” Those bonds, now often referred to as “pandemic bonds,” were ostensibly intended to transfer the risk of potential pandemics in low-income nations to financial markets. Yet, in light of the growing coronavirus outbreak, the investors who purchased those products could lose millions if global health authorities were to use that label in relation to the surge in global coronavirus cases
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February 27, 2020, 01:17:23 PM

Yeah, but you know what, I still don't want my dad to die.

Post his address on here. I'm sure someone will whack him for you.
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February 27, 2020, 01:19:26 PM

You ghoulish kids are cute and all but the sars2 only kills 10% of the over 80's and 10% of diabetics etc so it's not that part that's going to sting as much as 2% of all humanity - if you remember what that is - could be killed. One hundred and fifty million souls. If you know 150 people pretty well, 3 will die in the next 18 months of this thing. Of your 1500 acquaintances, 30. 3 Hat-wearing, god-fearing, wall-observing bros might die.

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Its 14.8% for over 80. They probably didnt make a section for 90 and up bc its likely something crazy like 50 percent and it would freak people out.

The lion's share of victims will be over 70.  

If you live in a nursing home, or play bingo every week, a huge chunk of your friends will die. If you dont know many elderly then you may not know a single person who dies, but you will see lots of for sale signs in your neighborhood soon. Assuming this spreads everywhere and doesnt fizzle out in the spring.



 

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February 27, 2020, 01:21:39 PM
Merited by JayJuanGee (1)

is anybody so kind and explain or send me the link to the DCA strategy please?

BTW, we should start something where the WO terms are explained to Newbies like me. Roll Eyes

 Dollar cost averaging is simply deciding how much you want to invest and then dividing it into regular contributions over a given period of time.

ie I want to invest $8000 this year into Tesla so I will make biweekly contributions of $307.69.  

 This method is supposed to lower your risk with respect to volatility but imagine doing that with a stock that continues to lose value over time - you're giving away your money.
I think the DCA strategy only works when markets are in an uptrend... but I'm no expert.
 
edit: JJG?
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February 27, 2020, 01:31:20 PM

The fact of the matter is that it was the boomers who voted in socialism in practically the entire world. They deserve to die, and they need to die before we have even the possibility of building something better.

And I'm saying this as someone with old parents. Good parents at that, even. But a few worthwhile people, if they are, do not make up for an entire world run by old people who deliberately make things worse.

If Corona-chan kills most people over 60 and stops unlimited immigration, then it may in the long run turn out to be a good thing. Even better if the world turns on the chinese for releasing it.

Yeah, sorry for being around longer than expected but as vapourminer said, we're already slowly getting our coats.

I am sure once we boomers are all gone and generation Greta runs the show from a mobile phone App things will finally improve to the better.
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February 27, 2020, 01:41:16 PM

Yep I am a boomer too and don’t like the way we are all tarnished with the same brush.
It’s always easy in hindsight to see where we/you went wrong. I am sure the Greta’s children generation will look back and poke a whole bunch of holes in their parents decisions too.
At 56 maybe I should cash out my BTC before Corona gets Mee too!
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February 27, 2020, 01:48:24 PM
Merited by JayJuanGee (1)

is anybody so kind and explain or send me the link to the DCA strategy please?

BTW, we should start something where the WO terms are explained to Newbies like me. Roll Eyes

 Dollar cost averaging is simply deciding how much you want to invest and then dividing it into regular contributions over a given period of time.

ie I want to invest $8000 this year into Tesla so I will make biweekly contributions of $307.69.  

 This method is supposed to lower your risk with respect to volatility but imagine doing that with a stock that continues to lose value over time - you're giving away your money.
I think the DCA strategy only works when markets are in an uptrend... but I'm no expert.
 
edit: JJG?

DCA strategy works in long term. DCA is all about avoiding your market entry timing. It doesn't have anything to do with uptrend or downtrend. If you believe that a project will excel over long term, instead of timing the market you could go for DCA. If you use DCA and still end up in loss long term that just means that your investment choice is poor.
Hope I'm not wrong.
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February 27, 2020, 01:50:14 PM


CP/M here i come (again). RS232 and a terminal emulator is all i need. stocking up on 8" and 5 1/4" floppies now


I really regret not keeping my Osbourne...like really
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February 27, 2020, 01:51:00 PM
Merited by JayJuanGee (1)

Meanwhile, Bitstamp has added support for Bech32 address  Smiley
https://www.bitstamp.net/article/weve-added-support-bech32-bitcoin-addresses-bitsta/
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February 27, 2020, 01:53:10 PM
Merited by vapourminer (1)

Some folks want a strong Bitcoin, that can do what VISA can't do - to be a decentralized, trustless, censorship-resistant digital currency, a store of value with its own sovereign monetary policy - with additional functions such as faster payments & smart contracts being layered-on-top future options.

While some other insensibly covetous folks (as should unfortunately be expected from a community filled with too many short-sighted greedy degenerates.. ;3) would prefer a fast Bitcoin, that strives to copy what VISA has already been doing for decades - attempt to be a competitive, mostly centralized payments processing platform.

..Why do you want BTC to be another credit card? What makes you so confident BTC price suddenly pumps to heaven because a majority voted for bigger, bloatier, spammier blocks and fewer, larger, blackhat-DDoS-cartels-enforced mining node farms that government agencies around the globe find much easier than LulzSec member..?

You can focus design towards a strong sovereign-monetary decentralized trustless censorship-resistant digital currency ; Or towards a fast less-decentralized digital currency + non-trustless censorship-vulnerable payments network.

Choose.
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February 27, 2020, 02:17:48 PM
Last edit: February 27, 2020, 02:33:21 PM by Gyrsur

seems Wall Street is in complete panic mode now.  Roll Eyes

EDIT: thank you xhomerx10 and akhjob for help with abbreviation DCA!

EDIT2: Dow down to roughly 26500 points from roughly 29500 ATH. Donald your comment on that please!  Grin

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February 27, 2020, 02:23:34 PM
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seems Wall Street is in complete panic mode now.  Roll Eyes

The dream scenario would be 1% of the money being taken out of equities finding it's way to bitcoin. Bonds are at record levels. Gold is a joke to most investors, commodities are falling, most will just hold cash but what if bitcoin starts rising at the same time the stock market crashes? That reverse correlation could make for an epic spike.

I think we saw a decline in the last few days because traders are trying to make it look like bitcoin is correlated to the stock market. I hope they run out of ammo while the stock market keeps declining. Wishful thinking perhaps.
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February 27, 2020, 02:23:55 PM

#random Retirement is strange. I'm primarily living off of Bitcoin-funded fiat investments, that pay me out monthly over the next couple decades or so, and I find it highly amusing that I'm using portions of those disbursements to re-buy corn-dip.

/shrugs

Hopefully I can say this is me in 2022!
I’m still only 33 Smiley

Go BTC Go !!!!!

most of those here are waiting for the start of this magical time Smiley
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what is this "brake pedal" you speak of?


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February 27, 2020, 02:33:58 PM
Last edit: February 27, 2020, 02:52:18 PM by vapourminer


CP/M here i come (again). RS232 and a terminal emulator is all i need. stocking up on 8" and 5 1/4" floppies now


I really regret not keeping my Osbourne...like really

got a couple of these.. 128k and modem on one, 64k and just rs232 on the other.

https://en.wikipedia.org/wiki/TRS-80_Model_4#Model_4P

had an osbourne too but the screen was so small.

EDIT still have the 4Ps
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February 27, 2020, 02:37:25 PM

I havent felt this bullish since December 2018 when we got into the 3ks and the new Bull Market was born.

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February 27, 2020, 02:42:29 PM
Merited by kurious (2), vapourminer (1), JayJuanGee (1), sirazimuth (1), psycodad (1), Icygreen (1)

The fact of the matter is that it was the boomers who voted in socialism in practically the entire world. They deserve to die, and they need to die before we have even the possibility of building something better.

And I'm saying this as someone with old parents. Good parents at that, even. But a few worthwhile people, if they are, do not make up for an entire world run by old people who deliberately make things worse.

If Corona-chan kills most people over 60 and stops unlimited immigration, then it may in the long run turn out to be a good thing. Even better if the world turns on the chinese for releasing it.
Our elders still have a lifetime of valuable experiences to share, I'm not quite ready to give them up.
No they don't. An easy and safe life does not breed wisdom.

I'd wager you have had it 100x easier and safer. I'm not a boomer but I have no desire to see them killed. Everyone of those people you casually and cruelly dismiss has a full lifetime of experience, pain, heartache, joy, and knowledge.

Have some heart and if you can't muster up a basic level of humanity at least think of self preservation. Icygreen has it absolutely correct.

Maybe you should actually talk to some older people sometime instead of living out your bigoted uneducated self-defeating prejudices online. When/if the shit really hits the fan many will be completely unprepared for reality and relying on some aging boomer to show them how to find clean drinking water or repair an engine or a million other skills people learned as a matter of course pre-internet.

You think they had it easy because they spent their lifetimes helping make YOUR life easy. Wishing death on millions because you think they are in your way is juvenile at best and psychopathic at worst.
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February 27, 2020, 02:44:45 PM

The fact of the matter is that it was the boomers who voted in socialism in practically the entire world. They deserve to die, and they need to die before we have even the possibility of building something better.

And I'm saying this as someone with old parents. Good parents at that, even. But a few worthwhile people, if they are, do not make up for an entire world run by old people who deliberately make things worse.

If Corona-chan kills most people over 60 and stops unlimited immigration, then it may in the long run turn out to be a good thing. Even better if the world turns on the chinese for releasing it.



Ha,ha, You do not know what you say, I hope to see somehow what your generation will do.
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February 27, 2020, 02:55:40 PM
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February 27, 2020, 02:57:04 PM

Stock Boyz are in some deep shit.

Stocks go down from the virus and Trumps election chances go down. As people realize Bernie gets more likely to be elected they freak out more and sell even more stocks. These two catalysts feed of each other and we get the current stock market meltdown.

King Bitcoin meanwhile just sits on his throne counting the days till halving and letting mom an pop and institutional newbs looking for sanctuary flee into the safety of his kingdom.


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