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Question: Will we close Nov. at or above Plan B's posited minimum of $98K?
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25496732 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.)
Pseudo-Random
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March 13, 2020, 03:04:52 AM
Last edit: March 13, 2020, 03:43:46 AM by Pseudo-Random
Merited by JayJuanGee (1), infofront (1)



A historic ~49% range in a single 40-minute candle.

From $3800 to $5750 on 'Stamp & GDAX while a more muted $4000 to $5400 on BFX because of course, 'finex has much bigger less amateurish whales with deeper volume & liquidity.

Crypto is Tech.

Tech was the bubble again.

Flu panic popped that bubble a fair bit.

So, even gold & btc fold too. Liquidity Crisis.

Especially since the past 10-15 years, everything got integrated into BigTech, ETF'd, leveraged, from gold/silver to crypto to even collectors' gimmicks or art pieces.

Makes sense, and it'll all go back to 30k DJIA & 10-660k BTC within years.

Central Banks, and the world's 100+ million millionaires, are always there to print, and bid it up.

..Until that weird uncanny day when famine, payroll wages or worker disruption, looting, pillage, rape, civil war, nuclear blasts, become widespread, spiral out of control ; thus law & order breaks down and somehow eludes paranoid paramilitary agencies' grip in being restored and so techno-industrial global civilization's social complexity breaks down for a long, long time.

I've lurked & posted (under a variety of accounts) on WO since late January 2014, having discovered decentralized finance in September 2013. Wasted my vast opportunities. Squandered my easy early pickings. Seen it.
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mindrust
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March 13, 2020, 03:05:07 AM

Put a buy order at ~4500 and going back to sleep. I want my coins back :d

I want a miracle when I woke up 3-4 hours later :d
rolling
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March 13, 2020, 03:05:44 AM

This is really shitty. There should be some consolation prize at least, like if most of the alts died right here and for good.
eddie13
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BTC or BUST


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March 13, 2020, 03:06:03 AM

Covbull-19 is still bullish af


Sure....
somac.
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March 13, 2020, 03:06:10 AM


"Another proof that bitcoin is not a good hedge versus risky assets in risk-off episodes. It actually falls more than risky assets during risk-off."


Is BTC worth anything at all anymore after this shitshow performance?
Unsure..

If it doesn't hedge against the normie economy.... then.... Fuck it.. Junk..

It is a hedge against money printing and censorship. The printing hasn't arrived yet, but it will soon, and this printing will be one for the ages.
somac.
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March 13, 2020, 03:06:57 AM

Put a buy order at ~4500 and going back to sleep. I want my coins back :d

I think you'll get them back. Just don't over invest.
Lambie Slayer
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March 13, 2020, 03:08:08 AM

https://twitter.com/PrisonPlanet/status/1238254013201727494

"Not to downplay coronavirus, but the 2009 swine flu epidemic infected 61 million Americans, killed over 12,000 and I don't recall anywhere near this level of hysteria."


By the way, stock futures did not bounce with us just now. That was all King.  Smiley
peonminer
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Crypto is King.


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March 13, 2020, 03:09:31 AM

Phrase of the day:

bitserve
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March 13, 2020, 03:10:30 AM


"Another proof that bitcoin is not a good hedge versus risky assets in risk-off episodes. It actually falls more than risky assets during risk-off."


Is BTC worth anything at all anymore after this shitshow performance?
Unsure..

If it doesn't hedge against the normie economy.... then.... Fuck it.. Junk..

Bitcoin is too fucking volatile to be a proper short term hedge. Long term it has performed like a great "hedge" though.
somac.
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March 13, 2020, 03:12:03 AM


"Another proof that bitcoin is not a good hedge versus risky assets in risk-off episodes. It actually falls more than risky assets during risk-off."


Is BTC worth anything at all anymore after this shitshow performance?
Unsure..

If it doesn't hedge against the normie economy.... then.... Fuck it.. Junk..

Bitcoin is too fucking volatile to be a proper short term hedge. Long term it has performed like a great "hedge" though.

exactly, long-term this a hedge against corruption, fraud, and crony governments. And all of those things are gong to pickup steam substantially this year.
HairyMaclairy
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March 13, 2020, 03:13:04 AM

Quote
A health official estimates a whopping 100,000 people in Ohio have coronavirus.

Ohio Department of Health Director Amy Acton made the announcement at a press conference.

She said she estimated at least one per cent of the population in the state has the virus.

That’s 1,000 deaths if true @ 1% fatality and at least 5,000 ICU beds in Ohio
jojo69
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1/21000000 , the only math you need to know


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March 13, 2020, 03:13:18 AM
Merited by JSRAW (1)

I thought I knew some of you guys.

I guess this is really separating the real hodlers.
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March 13, 2020, 03:13:37 AM

Covbull-19 is still bullish af


Sure....

Just wait till people wise up and realize its not a real threat and they got bamboozled by the alarmists. That's when the magic happens and price will reflect all the money printing.
infofront
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March 13, 2020, 03:14:14 AM

https://twitter.com/PrisonPlanet/status/1238254013201727494

"Not to downplay coronavirus, but the 2009 swine flu epidemic infected 61 million Americans, killed over 12,000 and I don't recall anywhere near this level of hysteria."


By the way, stock futures did not bounce with us just now. That was all King.  Smiley

I don't understand this irrational fear of the virus either. The conspiracy theorist in me thinks its a con job to shift more assets to the wealthy, and give the governments more power.
Bitcoinaire
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March 13, 2020, 03:14:46 AM

You cant make rookie mistakes this deep in the game!
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March 13, 2020, 03:15:43 AM
Merited by JayJuanGee (1)

This is really shitty. There should be some consolation prize at least, like if most of the alts died right here and for good.
The prize is getting a chance to buy coins at 4k again. What more of a prize do u want
somac.
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March 13, 2020, 03:17:05 AM

I thought I knew some of you guys.

I guess this is really separating the real hodlers.

Only one who sold was mindrust, so don't be too hasty. You have to admit this was a pretty disastrous day, losing 50% of value is not a minor thing.
nutildah
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Shitcoin 3.0 Distribution Now Underway


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March 13, 2020, 03:17:40 AM

Just woke up.

Saw a dip down to 3800.

Un-fucking-real!
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March 13, 2020, 03:17:59 AM

Bitcoin as a Schrodinger's cat.
You never know if it is "dead" or "alive" before you open the darned browser after 10 min has passed.

Epic.
mindrust
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March 13, 2020, 03:18:50 AM

Just woke up.

Saw a dip down to 3800.

Un-fucking-real!

I wish I woke up now instead of an hour ago.

5400 I am ruined.
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