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

[ErisDiscordia]

Nobody's working, stocks are up 6-8%.

Makes no sense.

Dead cat bounce. That cat don't even bounce all that well.

The stock market crash and subsequent unraveling of the financial system will take time. Stock exchanges are closed for most of the day and closed completely over the weekend. They just force-stop trading after each 7% crash. FED is pumping trillions of made-up money into the black hole which has formed. Sods dependent on the status quo are in denial. What a laughably outdated system.

Meanwhile Bitcoin did its panic-induced crash in 24 hours. No circuit breakers, no made-up liquidity, no propping up of confidence by mainstream media. Honey badger don't give a shit. Already stabilized and ready to move up (or down - who the fuck knows).

Many lessons will be learned about our financial system when we come out on the other side of this crisis. One of them will be how far superior Bitcoin is to the legacy financial system.

[bkbirge]

This guy again...
https://cointelegraph.com/news/only-fools-are-choosing-bitcoin-says-gold-bug-peter-schiff

...Schiff often attempts to convince his followers that Bitcoin is not a worthy investment. On March 10, Bitcoin surged to $8,150 before encountering resistance and being pushed back to $7,730 while most of the market was in a freefall. Shiff at the time ignored the fact and said:

    “Bitcoin is no longer a non-correlated asset. It's positively correlated to risk assets like equities, and negatively correlated to safe-haven assets like gold. When risk assets go down, Bitcoin goes down more. But when risk assets go up, Bitcoin goes up less. No value in that!”

As of press time, Bitcoin is 6% up on the day as Wall Street opened in the green.

[Last of the V8s]

Get over it, crypto-fanatics and blockchain groupies. Yes, the Bitcoin technology is an impressive achievement, and highly useful to the criminal class. But it makes any real-world currency problem you can think of worse, and completely ignores the patent reality, which is that the wonderful “future” of a national digital currency is something we have today – the US dollar!

Don't be a dick.

[Wekkel]

Peter’s father would be so disappointed.

[OutOfMemory]

Hey fellas.

WTF did i say one or two days ago?!

https://bitcointalk.org/index.php?topic=5220206.msg54081157#msg54081157

I reckon the kryptonian comes out with a new spam account and claims to be the orchestrator of said hacker group.
Then we transfer 100 bitcoin to his wallet and he will make Covid stop with the secret, integrated killswitch.  
For another 100, he/they will make bitcoin moon within two weeks. certainly...

EDIT: It was a strong feeling, SOMA. I'm in no way related whatsoever to this guy (or self proclaimed group, iirc).

[Elwar]

I had troubles with my trezor in Thailand, I had the trezor but the backup codes were on the seastead. That's part of it, you need backups but what to do with the backups?

Fortunately I had a backup that I split among family members because all of my cryptosteel was on the seastead.

Elwar, are you talking about your seed key still on the seastead? If so, what happened to it? If the seastead has been confiscated by authorities, I hope you moved your coins to a new trezor.

Correct. Seed was on there. They had about 2 weeks to figure out what that piece of paper with a bunch of random words was for.

Fortunately I got all of my BTC off of it.

[Joe-Bloggs]

The silver spot price is incredibly tempting.
Bitcoin is still massively under priced.
Bitcoin may have more possible short term dips
Bitcoin should have larger long term returns
I want a little more gold. I do not have any amount that would be noticed in your pocket.

Loading my wallet up to admire my 1+ bitcoin never gets old.
I think we are in for a huge rise in many assets. Eventually, surely, all of these cash injections must find their way to these assets? Or am I wrong about this assumption? I didn't study economics or anything else really at school.  
The bitcoin price increase is going to be huge since it is capped at 21m and new supply rate is going to be halved.
Will bitcoin hit 60k before silver hits 150 dollars ?
It seems very likely it will so even considering the gold silver ratio and huge drop in silver. I expect bitcoin is still the way to go?
In a shtf scenario silver may be better than both as I think producing a gold eagle would get you in trouble.
Cash or fiat for now is still the most convenient and useful.
Are most keeping cash in hand right now or still stacking bitcoin silver gold or alts? Stocks?

Would the price of bitcoin rise or fall if btc went pos like eth is planning?
Will covid blow over in 6 to 18 months? This could be important

[MERlT]

Nobody's working, stocks are up 6-8%.

Makes no sense.

Dead cat bounce. That cat don't even bounce all that well.

The stock market crash and subsequent unraveling of the financial system will take time. Stock exchanges are closed for most of the day and closed completely over the weekend. They just force-stop trading after each 7% crash. FED is pumping trillions of made-up money into the black hole which has formed. Sods dependent on the status quo are in denial. What a laughably outdated system.

Meanwhile Bitcoin did its panic-induced crash in 24 hours. No circuit breakers, no made-up liquidity, no propping up of confidence by mainstream media. Honey badger don't give a shit. Already stabilized and ready to move up (or down - who the fuck knows).

Many lessons will be learned about our financial system when we come out on the other side of this crisis. One of them will be how far superior Bitcoin is to the legacy financial system.

Trumps has now made his position clear , Oh dear  https://www.vanityfair.com/news/2020/03/donald-trump-coronavirus-deaths-vs-economy

[JSRAW]

Everything is fine....

[bkbirge]

I didn't study economics or anything else really at school.  

So which brokerage house do you work for? LOL, just kidding.

I remember the silver jump in the 70's, invested basically at the high then with some mercury dimes, I think for the princely sum of about $80 USD. Still have the dimes, they are cool to look at but not worth much. Silver as a play has never seemed to work out the few times I've watched and considered it.

[Torque]

This equities bear market is FAR from over. Not enough despair yet. It'll be fun watching all the bull traps on the way down.

They've got a least another -20% to go. I predict bottom of the stock market sometime around Jan 2021.

[Wekkel]

Yes, this is far from over. The big question: how will Bitcoin fare in all of this?

[fillippone]

I had troubles with my trezor in Thailand, I had the trezor but the backup codes were on the seastead. That's part of it, you need backups but what to do with the backups?

Fortunately I had a backup that I split among family members because all of my cryptosteel was on the seastead.

Elwar, are you talking about your seed key still on the seastead? If so, what happened to it? If the seastead has been confiscated by authorities, I hope you moved your coins to a new trezor.

Boating accident is so 2013.
Seastead accident is 2020!

Everything is fine....

Look who's back!
Hopefully YOU do not need a recap of what happened in your brief vacation!

[ErisDiscordia]

Nobody's working, stocks are up 6-8%.

Makes no sense.

Dead cat bounce. That cat don't even bounce all that well.

The stock market crash and subsequent unraveling of the financial system will take time. Stock exchanges are closed for most of the day and closed completely over the weekend. They just force-stop trading after each 7% crash. FED is pumping trillions of made-up money into the black hole which has formed. Sods dependent on the status quo are in denial. What a laughably outdated system.

Meanwhile Bitcoin did its panic-induced crash in 24 hours. No circuit breakers, no made-up liquidity, no propping up of confidence by mainstream media. Honey badger don't give a shit. Already stabilized and ready to move up (or down - who the fuck knows).

Many lessons will be learned about our financial system when we come out on the other side of this crisis. One of them will be how far superior Bitcoin is to the legacy financial system.

Trumps has now made his position clear , Oh dear  https://www.vanityfair.com/news/2020/03/donald-trump-coronavirus-deaths-vs-economy

The question this pandemic poses is a simple one: are you going to sacrifice the health of your population or the economy? There was never a doubt which one the US is going to choose.

[fillippone]

I'm still going to the office. 

Pretty accurate:

https://youtu.be/Wmo2mkezSJ0

[MERlT]

Nobody's working, stocks are up 6-8%.

Makes no sense.

Dead cat bounce. That cat don't even bounce all that well.

The stock market crash and subsequent unraveling of the financial system will take time. Stock exchanges are closed for most of the day and closed completely over the weekend. They just force-stop trading after each 7% crash. FED is pumping trillions of made-up money into the black hole which has formed. Sods dependent on the status quo are in denial. What a laughably outdated system.

Meanwhile Bitcoin did its panic-induced crash in 24 hours. No circuit breakers, no made-up liquidity, no propping up of confidence by mainstream media. Honey badger don't give a shit. Already stabilized and ready to move up (or down - who the fuck knows).

Many lessons will be learned about our financial system when we come out on the other side of this crisis. One of them will be how far superior Bitcoin is to the legacy financial system.

George Carlin sums it up quite nicely...  https://www.youtube.com/watch?v=-14SllPPLxY
Trumps has now made his position clear , Oh dear  https://www.vanityfair.com/news/2020/03/donald-trump-coronavirus-deaths-vs-economy

The question this pandemic poses is a simple one: are you going to sacrifice the health of your population or the economy? There was never a doubt which one the US is going to choose.

[ErisDiscordia]

George Carlin sums it up quite nicely...  https://www.youtube.com/watch?v=-14SllPPLxY
Trumps has now made his position clear , Oh dear  https://www.vanityfair.com/news/2020/03/donald-trump-coronavirus-deaths-vs-economy

I find myself listening to good ol' George quite often recently. Too bad he's not with us anymore. His ability to cut through the bullshit and express it in a clear, eloquent, yet concise way was second to none.

As he said in one of his specials: the planet is fine...the people are fucked.

Precisely.

I'm a bit more optimistic than that. I don't think we are fucked because of this pandemic. But if we don't learn this time, we very well might be.

[Elwar]

We should all be scared. Look at the charts for overall deaths in Europe.  Notice how many deaths there are of people 15-64 since 2020 started. Trying times my friends.




You are reading that right. Number of deaths the past few weeks is below the "Normal range".

[ErisDiscordia]

We should all be scared. Look at the charts for overall deaths in Europe.  Notice how many deaths there are of people 15-64 since 2020 started. Trying times my friends.




You are reading that right. Number of deaths the past few weeks is below the "Normal range".

young people don't die from the virus. But now they're mostly locked up with nothing to do and thus deprived of their usual ways how to kill themselves aka. "doing stupid shit outside"

[Hueristic]

Nobody's working, stocks are up 6-8%.

Makes no sense.

The rich got their welfare check.