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

[nutildah]

McAfee's not having it, send out a drone.
Never mind, he's already hit the self destruct button.

We are destroying our economies,
...
Just watch!)

https://twitter.com/officialmcafee/status/1238792173019070464

Great, McAfee makes a prediction about the virus, that means now we know for sure the exact opposite is true and this will be devastating. Seriously though, can anyone remember the last time McAfee was right about... anything?

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[bitserve]

People where I am right now seem a little more panicky.  The store shelves are essentially stripped bare.  

Here we have basically gone from zero to 10 during the past few days. Even if where I live we are not really at lockdown the streets look empty, people is staying at home (as recommended).

There have been some procedures implemented at supermarkets, like giving you a pair of gloves when you enter that you need to use to avoid touching anything with your bare hands, security distance between people on queues, etc...

The profilactic measures are generally being taken very seriously and people is mostly very conscious and responsible (which is something that has surprised me A LOT!).

If there weren't a complete lack of masks supply I am sure almost everyone would be wearing it.

Really, it is surprising how well the people is adapting to this situation. I am stunned.

Of course the economic loses will be *HUUUUUUUUGE*. But life will go on.

After this flu drill, I have confidence that we are ready for a zombie apocalypse!

P.S.: Only thing is that with everyone being at home, some internet providers are experiencing some minor disruptions... If it escalated they have orders to filter out video streaming (unicast - mostly netflix, hbo and the like) services.

[xhomerx10]

People where I am right now seem a little more panicky.  The store shelves are essentially stripped bare.  

Here we have basically gone from zero to 10 during the past few days. Even if where I live we are not really at lockdown the streets look empty, people is staying at home (as recommended).

There have been some procedures implemented at supermarkets, like giving you a pair of gloves when you enter that you need to use to avoid touching anything with your bare hands, security distance between people on queues, etc...

The profilactic measures are generally being taken very seriously and people is mostly very conscious and responsible (which is something that has surprised me A LOT!).

If there weren't a complete lack of masks supply I am sure almost everyone would be wearing it.

Really, it is surprising how well the people is adapting to this situation. I am stunned.

Of course the economic loses will be *HUUUUUUUUGE*. But life will go on.

After this flu drill, I have confidence that we are ready for a zombie apocalypse!

 The only prophylactic measure I've seen so far are disinfectant wipes at the entrance of the store which are used to wipe your cart and while this isn't something new, they've made it a little more pronounced.  I haven't seen anyone wearing a mask yet and there were very few people in the store - even the traffic is diminished.  Seems like everyone is hunkering down here too.

[bitserve]

McAfee's not having it, send out a drone.
Never mind, he's already hit the self destruct button.

We are destroying our economies,
...
Just watch!)

https://twitter.com/officialmcafee/status/1238792173019070464

Great, McAfee makes a prediction about the virus, that means now we know for sure the exact opposite is true and this will be devastating. Seriously though, can anyone remember the last time McAfee was right about... anything?

Late 80's or very early 90's probably. Almost no false positives and good detection rate. Mostly accurate.

[Arriemoller]

I always finish off with baby wipes. 

Finish off with ? Dude, all I use are Cottonelle Flushable Wipes. It's like a touch of heaven for my asshole.

Took a monster dump this morning. One of those that breaks the surface tension of the water-line, and forms an island of shit in your bowl. Cashews man. Great stuff to clear me out. Anyway, 3 sheets of the Cottonelle wipes, and my asshole is left sparkling clean.

 We're on the way to another town in search of hand sanitizer.  I'll look for some of those cottonelle flushable wipes... and some cashews 

Make your own. Isopropylalkohol 80% and some aloe vera is all it takes.

[bitserve]

I always finish off with baby wipes.  

Finish off with ? Dude, all I use are Cottonelle Flushable Wipes. It's like a touch of heaven for my asshole.

Took a monster dump this morning. One of those that breaks the surface tension of the water-line, and forms an island of shit in your bowl. Cashews man. Great stuff to clear me out. Anyway, 3 sheets of the Cottonelle wipes, and my asshole is left sparkling clean.

 We're on the way to another town in search of hand sanitizer.  I'll look for some of those cottonelle flushable wipes... and some cashews  

Make your own. Isopropylalkohol 80% and some aloe vera is all it takes.

Or mixed with glycerin.

Or just use the alcohol straight. No, wait... are we talking about cleaning the hands or cleaning the asshole? The distinction is important in this case.

[Arriemoller]

O, and thank you so much for making me read page after page of in detail accounts of ass wiping. The words "too much information" comes to mind.

And what wasn't ass wiping, was page after page of "one dollar is one dollar, no it isn't, yes it is."

Thank you very much, it's a lovely sunny day, I could have spent it outside.

[Elwar]

Had a chat with my Chinese supplier last night.

Only Wuhan is still serious, the rest places are back to normal life

Wuhan still have 12000patients now

Doctor said at the end of this month, they will be healed

Of course, she is getting her government information the same as everyone else. But her factory is up and running shipping our stuff. I have other orders going through now too. China seems to be back on track.

[600watt]

Had a chat with my Chinese supplier last night.

Only Wuhan is still serious, the rest places are back to normal life

Wuhan still have 12000patients now

Doctor said at the end of this month, they will be healed

Of course, she is getting her government information the same as everyone else. But her factory is up and running shipping our stuff. I have other orders going through now too. China seems to be back on track.

some asian countries made an excellent job containing the virus. i think china is among them. south korea, singapoore and hongkong are other examples. europe and the US will get hit very very very hard.

[NeuroticFish]

China seems to be back on track.

Yep, China is getting back to normal. The top problems are in Europe now (+Iran and S.Korea). US seem to be "catching up" too (in a bad way).

[criptix]

Hey fam,

i hope everyone used the fuck up on bitmex to make loads of BTC - probaly the most profitable day in history for me.

100x with a discount of 650$ lol


I would sacrifice my first born for such an opportunity again

What does that mean?

If you were playing with $1,000, then depending on your entry and your exit, you could have made up to $100,000-$1,000 = $99,000-$650?  which would mean if you were working with $1,000 as capital, you could have made $98,350?  Of course, if you were only betting $100, then you would have just been able to make $10,000-$100 = $9,900-$650= $9,250?

Something seems to be missing, in regards to your entries and exits and then in what circumstances you would actually be able to achieve 100x?

It was about the risk-reward.

On the bottom of the move bitmex had up to 700+$ difference between spot and index price.

Their liquidation engine works with the index price only.

So what you could do is using that to your advantage:

By going 100x you get liquidated at around 0,51% - but because the index price was 700+$ higher you would only have been liquidated after a 0,51%+700$ (=20%) move.

So basically you took the reward of a 100x while only risking a 5x.

[Arriemoller]

Don't you have a nice house? I guess you have. Invite your friend and order the best mexican food available. Problem solved.

Don't order anything what kind of an advice is this!?!?

Don't interact with anybody!

And I am saying this as someone who sees more than 100 different people everyday. If that shit spreads here I am done.

You saying this because the alternative is better?!?!

I was just trying to adapt to the mexican food requirement. Of course it is better if they just invite their friend to some things they already have in house or cook themselves, but I guess that's just going too far into paranoia (at this stage).

Just trying to raise awareness.

This shit is serious. I didn't care about it much tbh till yesterday. Now the more I read about it makes me even more sicker than selling the bottom.

You really don't take setbacks very well do you. Well, let me calm you down a bit, I just read that 50% of the people that tested positive on that cruise ship outside Japan had no symptoms at all. So there is a 50/50 chance that you won't even notice if you get infected.

[JimboToronto]

Good morning Bitcoinland.

Things seem to have settled down a little today as we're consolidating into a sideways pennant in the mid-$5xxx range... currently $5419USD/$7532CAD (Bitcoinaverage).

Let's see if we go up or down from here. My feeling is that we had capitulation, shook out the weaklings and short-termers and will start our rise to glory.

It may take some time though.

How does a bitcoin back up work with a paper wallet, in case you lose or destroy your paperwallet?

Not too many people using paper wallets these days, but likely can have a lot of practicality in the way that you are using them, jimbo.

"Paper" is just another word for cold storage. It may be in the form of ink on paper, flash memory storage, characters engraved on a steel plate or anything that can be used to record a private key and a public key.

Lots of people still use it. You don't think the Winklevoss twins or Tim Draper keep their bitcoins on a Trezor or Ledger device or expose them to hackers by keeping them in wallet application programs do you? Of course they use "paper" wallets. Same with the cold storage reserves of the major online exchanges, and I would assume the banks and government agencies.

If addresses are generated on devices (both PC and printer) that will not be connected to the internet, these addresses are safe from hackers and can be considered paper wallets.

The most convenient form is printed on paper and has easy-to-scan QR codes. The problem with this is that if it falls into the wrong hands your coins can be moved to another address to which you have no access. I use this as a form of "cool" storage for coins I keep at home or for travel.

The best way to maintain security is keep multiple copies in multiple off-site locations. They obviously need to be in a form that are inaccessible to anyone who finds them.

The obvious choice is encryption but there are other ways. I read somewhere that the Winklevii split each key into several pieces, encrypted each and scattered them around their country in many locations.

Ultimately, you must remember or record some kind of key, be it an actual Bitcoin public/private key pair, a hardware wallet seed phrase, an encryption key, or some other password. There's no getting around that.

It's wise to not put all your eggs in one basket. Split your coins into many addresses. When bitcoins are worth $100k each, sweeping a wallet containing multiple coins becomes a bigger security risk. Many small wallets containing small fractions of bitcoins makes a lot more sense.

I prefer multiple encrypted flash memory devices in multiple off-site locations.

[600watt]

I always finish off with baby wipes.  

Finish off with ? Dude, all I use are Cottonelle Flushable Wipes. It's like a touch of heaven for my asshole.

Took a monster dump this morning. One of those that breaks the surface tension of the water-line, and forms an island of shit in your bowl. Cashews man. Great stuff to clear me out. Anyway, 3 sheets of the Cottonelle wipes, and my asshole is left sparkling clean.

 We're on the way to another town in search of hand sanitizer.  I'll look for some of those cottonelle flushable wipes... and some cashews  

Make your own. Isopropylalkohol 80% and some aloe vera is all it takes.

Or mixed with glycerin.

Or just use the alcohol straight. No, wait... are we talking about cleaning the hands or cleaning the asshole? The distinction is important in this case.

no, it is important to mix the ethanol with water: 30%water - 70%ethanol

if you use 100% ethanol it will evaporate to quickly to be able to kill the virus. if mixed with water as above described, it will evaporate slow enough to kill corona.

[600watt]

McAfee's not having it, send out a drone.
Never mind, he's already hit the self destruct button.

We are destroying our economies,
And giving up our freedoms to assemble
And move freely ...

For fear of a virus
That has killed
100 times fewer people than the flu ...

In the same period of time.

We are watching a society
In the throes of insanity.

When Coronavirus
Is found to have little impact
On World health -

They will tell us,
With all seriousness,
That we were
SAVED
By the Draconian measures
That they implemented.

The virus
Within two months
Will be a non-issue.

Just watch!)

https://twitter.com/officialmcafee/status/1238792173019070464

this narrative is one of the reasons why lots of idiots will keep spreading it. what a moron. he will panic soon. wait for it.

[BTCMILLIONAIRE]

Perhaps you might even be able to figure out that 1 USD at time t (e.g. in the year 1995) is almost never the same as 1 USD at time s =/= t (e.g. today).

Yes, it is. 1 USD = 1 USD, always, every day since April 2, 1792.

Your example doesn't hold regardless of the presence of a central bank as it concerns the argument at hand.

 

My example was serving to make what you were saying more logically palatable, and then you mangled it to make it once again illogical.

When bitserve said this:

It's just an equal sign with both *IDENTICAL* values at each side of the equal sign. That shouldn't be debatable.

he is _clearly_ talking about a reflexive property here, X = X. You are arguing against that, saying no, X doesn't equal X because X before is different than X now. While its value changes, the USD is not inherently different. It is always the same denomination of legal tender to be used in the U.S. for goods and services. The _value_ as measured against a basket of currencies or a gallon of milk or whatever is different -- that is a characteristic of X. You're just saying flat out X ≠ X, which is dumb.

You sound like you'd identify as genderfluid.

At least Bitserve can make arguments and have debates in an attempt to communicate, while you just bring up complete crap and then run your mouth every single time you post anything.

While its value changes, the USD is not inherently different.

Yes, it is, that's the point. One is always under any circumstance functionally reflexive over time, regardless of whether you compare a 2019 BTC with a 2019 or a 2041 BTC, the other is not. I'd tell you to learn to read but that clearly won't save you.

The matter of fact remains, as soon as a central bank prints too much money the underlying fiat currency loses its function as money which is something that can not happen with BTC. Nobody ever tried to argue that the denomination changes. That's the whole point of the argument.

Fiat currencies deliberately muzzle this fact and it's clearly going way over your head.

[VB1001]

With everyone locked up at home, at the end of the year the hospitals will be saturated with thousands and thousands of mothers who will give birth to their children,
the world population will increase.
Future Bitcoiners are on their way.

[Stasonelison]

Interesting vote here.
Now all markets are in a downtrend, including because of the pandemic.
A drop or increase in the price of Bitcoin will not affect the virus in any way, and a sharp spread and massive infections can well shake all markets, including the cryptocurrency market. Therefore, I am more afraid of the second option.
I think this is really dangerous and can lead to irreversible consequences.

[goldkingcoiner]

Do you guys want to open a betting pool for when the virus pandemic ends?

[Arriemoller]

I'm gonna sit outside for a while and catch the last sun to get my vitamin D production started, then I'm going to bed early to read a good book.
Have a pleasant evening you all.