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

[Paashaas]

There's lots of speculation that china is downplaying the actual figures too, it's probably much higher.

Wuhan is a ghosttown Racoon city.

[1715003618]

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[bitebits]

So to answer the enormous question on everyone's minds right now, is it a block halving or block halvening? Google claims that more users are interested in the halving, rather than the halvening, regardless of the latter's grammatical incorrectness. It's safe to assume that Google's user's do not care of grammatical correctness. More relevantly, searches for the halving event recently reached an all time high. Searches for the halvening didn't reach all time high.



Suggestion: Let's roll with the grammatically incorrect phrasing of the block halving, rather than halvening, for the benefit of google searches.
(Even my spell checker wants to call it the halving, take the hint)

103 days

Or halfin?

[Arriemoller]

Good morn Bitcoinland.
Eight four three eight yankee bucks.
(Bitcoinaverage).

Nice new avatar.
Love the Greta Thuntard pic.
Make a hat of it.

hattstrejk för bitcoin



avatar-sized

I would merit this with a bunch of merits if I had any, half for the hat and half for correct Swedish spelling. Well done sir.

[heslo]

That hat is fucking amazing! I'll shoot some merits his way Arriemoller for the both of us!

[VB1001]

Good morning, good day to change the rank.

Bye Sr. Member / Hi, Hero Member 

WO #nohomo

Congrats VB1001!!!! More than deserved as you already achieved more than enough merits to even be a Self-made Legendary!

The beginning was not easy, but everyone has seen me grow here and I hope to stay a long time, WO is a great thread in every way.

Thx.

[Arriemoller]

That hat is fucking amazing! I'll shoot some merits his way Arriemoller for the both of us!

Thanks, I owe you.

[mindrust]

Can I order a flash crash to $5500 please?

You mean you have an active stop loss order with an exchange?

No I don't deal with that crap. (Stop loss, leverage, margin trading etc)

I buy on spot and hodl only.

I still believe I can act fast enough.

It only takes 10 minutes to wire my money to the btc exchange and buy coins. Maybe I won't catch 5500, but 6000 is still fine.

[HairyMaclairy]

Do we really want to send them to coinbase? I understood they've been naughty in assisting agressive nutrino chainalyasis/analytic tactics.

Genuinely curious. What _exactly_ do you think they are doing to aid chainalysis? Divulging private customer data?

Yes

[Arriemoller]

A reporter today (or yesterday) was interviewing some biotech exec.
Exec: "We got the sequence on Jan 9, so we can now start working toward a vaccine".
Reporter: So, when it would be ready, then (implying that he, like, downloaded a pdf file and expecting a "curing" app any minute, lol)?
Exec: it usually takes 10 years, but with some "acceleration" with the help of the government, it could be done in 4 years.
Reporter: just sitting there in silence, basically. It was 'amusing' to see.

Based on H5N1 (which is really bad) it should take about 6 months tops.

Or maybe just three months.

https://www.zmescience.com/medicine/is-there-a-coronavirus-vaccine/

[makrospex]

A reporter today (or yesterday) was interviewing some biotech exec.
Exec: "We got the sequence on Jan 9, so we can now start working toward a vaccine".
Reporter: So, when it would be ready, then (implying that he, like, downloaded a pdf file and expecting a "curing" app any minute, lol)?
Exec: it usually takes 10 years, but with some "acceleration" with the help of the government, it could be done in 4 years.
Reporter: just sitting there in silence, basically. It was 'amusing' to see.

Based on H5N1 (which is really bad) it should take about 6 months tops.

Or maybe just three months.

https://www.zmescience.com/medicine/is-there-a-coronavirus-vaccine/

Interesting times, indeed.
What i am really waiting for is a profile of which and how many people typically die from nCoV, which ages, health status, social status and so on.
Could be a huge downshift in human life expectation numbers if too much goes wrong within the next six months.

[Gyrsur]

new AYH confirmed at $9444.0 on Bitstamp. the whale(s) seems to like funny figures like 444 or 666.

please no bart again!


(*) Bitstamp data timeframe 2h

this level currently does have some impact on the way above because it's the 38.2% retracement from the ATH at $19666 (100.0%) down to 2018 AYL at $3122.3 (0.0%). it's the biggest picture if you zoom out and should have also the most importance.


(*) Bitstamp data timeframe 1w

[Phil_S]

Coronavirus has spread to Finland.

Hopefully it won't survive saunas/alcohol.

[HairyMaclairy]

The 2% tail emission on Monero is too high, meaning it is not a deflationary asset.  

If it is not deflationary, then it underperforms as a store of value.

Tail emission in May 2022, when all 18.4 million Monero are mined, is 0.6 XMR per two minute block.

(0.6 x 30 = 18 XMR/h) x 24h x 365d = 157.680 XMR / year tail emission.
(157.680 / 18.4 million) x 100 = 0.85% inflation the first year. And then declining each year which probably amounts to less then is lost in tragic boating accidents.

Gold nowadays has an inflation (flow) of about 1.6%. Even in the first year of tail emission about two times as high as Monero. Gold has proven itself over a very long period to be a reliable store of value.

Think it is rather short sighted to just say: no hard cap so no store of value. And you have to remember Bitcoin is still an experiment in the grand scheme of things. Little Monero is experimenting as well and pays a small price for a guaranteed miner incentive + flexible block size (=scaling).

I am not going to argue altcoins here, but don’t only listen to the ones yelling the loudest (that is a comment to newbies reading, not you).

If you take into account lost Monero and remove those from available supply, the effective inflation rate is much higher.  If 30% of Monero are lost by May 2022, then the inflation rate is 1.2%.  The inflation rate is MUCH higher than Bitcoin which has absolute scarcity.  

Inflation may even increase if the rate of lost coins exceeds tail emissions. 

[makrospex]

Coronavirus has spread to Finland.

Hopefully it won't survive saunas/alcohol.

Bad news there. Viruses are tough as shit. Only UV-C radiation is quite effective at killing germs, bacteria and viruses (and all animals and humans, with enough watts per square centimeter of exposed skin, over exposure time).

[Arriemoller]

China no like joke.

https://www.telegraph.co.uk/news/2020/01/28/denmark-refuses-apologise-china-coronavirus-cartoon/

[Arriemoller]

Coronavirus has spread to Finland.

Hopefully it won't survive saunas/alcohol.

Bad news there. Viruses are tough as shit. Only UV-C radiation is quite effective at killing germs, bacteria and viruses (and all animals and humans, with enough watts per square centimeter of exposed skin, over exposure time).

I read that alcohol kills it, and temperatures above 57 degrees C.

[Stavri]

50 day moving avarage and 200 day moving avarage is getting closer. Bitcoin jumped up till x3 when last time that happened. Hope we can see the same movement this time 

[Phil_S]

Election season in USA is always amusing, but also a bit scary...

[makrospex]

Coronavirus has spread to Finland.

Hopefully it won't survive saunas/alcohol.

Bad news there. Viruses are tough as shit. Only UV-C radiation is quite effective at killing germs, bacteria and viruses (and all animals and humans, with enough watts per square centimeter of exposed skin, over exposure time).

I read that alcohol kills it, and temperatures above 57 degrees C.

Not corona viruses, afaik.
Best source i found on a quick search: https://thehill.com/changing-america/well-being/prevention-cures/480245-fda-tells-purell-that-its-products-cant-treat-or

High temperatures kill viruses, correct. But you need exposed viruses and for a longer time. UVC kills within seconds with a quartz lamp of 30w quoted power and a distance of a few centimeters. If a human could survive a raised core temperature of 60° celsius for an hour, this would be an easy cure. But that isn't the case.
The problem is, the virus is carried in a life supporting environment, the body, and spread by attaching to drops (mucosa) and skin particles outside.

EDIT: The tradeoff of using UVC on the human skin is that it does way more harm to viruses (and bacteria) in a short exposure time than to the human skin, but it's still dangerous. Not many lamps out there that suppress ozone generation, too. One has to research a lot about the safe usage of these lamps before he knows how to avoid endangering human health with them.

A low power directional uvc light source above any door in public areas, directed at the handle from above, would be a huge help in exposition prophylaxe. I saw these hanging over the counters of some fast food restaurants already. Hospitals and airports, all public builings could benefit from that but there's the human affinity to dumbness on the other side of the equation. Putting on masks and feeling safe...

[makrospex]

Election season in USA is always amusing, but also a bit scary...

Roach in jail?
Image the vacuum of fake news in WO