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

[Biodom]

An official version:

https://www.nature.com/articles/s41586-020-2012-7

Furthermore, it was found that 2019-nCoV is 96% identical at the whole-genome level to a bat coronavirus.

I don't have time to read it carefully, maybe during the weekend.
From a first look at the abstract, unless there are clear areas where you can see the other 4% being of artificial/or other source origin, the idea that it is an artificial construct appears to have little support. In artificial construct, there would be larger areas of little sequence similarity, i would think.
Again, keep digging, maybe there would be a sudden revelation re other 4%.

[1713946236]

1713946236

[bitserve]

buy Tesla...derp.

Why WS bobbleheads always wine about btc, but when a stocks goes up 20% every day for what, 5-6 day now, then it is totally cool.
Stock market has become positively insane. Bitcoin is the oasis of sanity.

Maybe becase for that kind of "conventional" stocks to surge in price it is needed that they WS types are also in pumping it themselves. So they are not gonna question their own actions. Not before they sell, I mean. Then they will talk about how it was a bubble. And blah blah blah... Rinse and repeat.

[El duderino_]

Pre halving corn needs.
High price, main stream adoption.
Craving for 5-dig.

[JayJuanGee]

It's very nice how $9K is holding (for now) and people don't give a shit about it anymore. Slowly stepping and maintaining price without any FOMO signs sounds great. Even a little retrace would not do any harm right now.

While holding $9000 is welcome the daily BBands are sloping up so many traders are going to be looking to buy if price drops to the middle BBand at $8900.

Which basically "confirms" there is good buying support for a little retrace. And probably even more support for a bigger one. Also it is not as if sellers were pilling up to sell. Much the contrary.

I want to see the price over $10K as much as everyone else... but I love how smoothly the price is rising step by step and doing the proper retests.

Looks good so far.

Boring is best. A little more time to establish support at 7900 might be needed. ..then a few months to get back through 9xxx. would be the most sustainable way forward. Another spike like last Jun/Sep would not be a good sign.

10500 is the first real resistance, and it needs to be taken real slow. So far, so good.

I don't really have any problem with what you are saying, Majormax - except maybe with your term: "need".  

I mean, really, bitcoin no doesn't work like dat.

Bitcoin does not just do things gradually.. at some point, we will have an explosion and thereafter a correction after the explosion.  

It is just the way that things work out when you have an s-curve exponential adoption asset like bitcoin and people involved, too.

I think we already recently had some conversation about the multiple meaning and intensities of "need".

I would say that what Majormax means with "needs", in this particular case, is that it would be better for the price to reach the resistant point above in a kind of way (slowly) so that it doesn't correct as fast as it climbs. Also, even if at some point we will surely see some sort of "explosion" (see? that word could also have different meanings depending on context) and subsequent correction, it would be better for us bulls if that happens from a higher slowly consolidated price.

Does it really NEED to be that way to reach the best outcome? Of course not... it just "needs" it to maximise the probabilities of it. But it could perfectly happen otherwise. That's so obvious that it should be needed (lol) to explicitly mention.

I remember you have in the past also questioned me about some statements in which used the word "need" in relation to Bitcoin price and I think I didn't, at that time, clarify my position about it. So, this is it and I hope it helps for better understanding any future usage of the word "need" I might unconsciously use in the future when talking about price dynamics

Hahahahaha

You are not going to censorship me...  


This happens to be one of my sensitivity points (i have a lot of them), so it seems that I respond to these kinds of asserted "stability" points quite a bit, and that is when members assert that bitcoin needs to be "stable" into the future, and yeah they are implicitly suggesting a condition, but still.... it is an unrealistic expectation... Yeah... we all would like BTC to be stable, but it is NOT going to happen... I mean there is about a snowball's chance in hell for bitcoin to become stable at this point in its life.

I understand that even though in this case Majormax does kind of lean towards a prescription for BTC to be stable, he likely does not even believe his own words.  Sure, he is saying these kinds of things quite frequently and seemingly inclined towards overly bearish sentiments, NOT only in his suggestions about bottoms that "need" (sure he might mean preferred to be) to be tested, but also he is suggesting that bitcoin should not be getting out of hand in terms of explosive UPPITY, otherwise the BTC price is going to crash.. and I agree that it is more likely to crash if it goes up quickly, but what the fuck we gonna do... I mean sometimes it might go up too quickly and then continue to go up MOAR.  I doubt that there is a need to complain about that.

Perhaps, I don't really disagree with him about what might happen or what becomes more likely to happen, except towards assigning numbers to it (his numbers might be a bit higher than mine), but in the end, bitcoin does not act stable, and sometimes does not really go down as much as theoretically it would seem necessary to go down because frequently it seems that members, including Majormax, are failing and refusing to adequately account for bitcoins s-curve exponential adoption... and trying to attribute more maturity to bitcoin, as an asset class, than it seems to deserve.  

I surely do not have anything against Majormax, but I believe that he has too much bearishness ingrained into his head, and we (royal we) NEED to beat that bearishness out of his head to the extent practicable and feasible (not physically but with lots (walls) of bear-beating words).      

[realr0ach]

buy Tesla...derp.

Why WS bobbleheads always wine about btc, but when a stocks goes up 20% every day for what, 5-6 day now, then it is totally cool.
Stock market has become positively insane.

Looks pretty obvious the cybertruck debacle was a staged event to try and bait shorters for a squeeze - not one broken window, but two...yea sure.  There's also the fact the world might be going through peak oil, so maybe companies that don't make electric cars might be the ones that are worthless instead.  It supposedly requires over $100 a barrel oil to justify new exploration, so new finds have been virtually nothing (if there's even any big finds to be had) and it seems like the oil industry is heading towards a seneca cliff even if there is lots of undiscovered oil out there because nobody is looking for it.

[bitserve]

You are not going to censorship me...  

I don't want to censorship you! I just want to smack some sense in your head so that you stop being distracted by the subtle and irrelevant details of everyone's writing styles and focus (and argue if you feel the need) on the practical/real meaning of the contents FFS!  

[realr0ach]

Let's pump the brakes on JayJuanGee-ism, swap it over to Nazism.

[marcus_of_augustus]

An official version:

https://www.nature.com/articles/s41586-020-2012-7

Furthermore, it was found that 2019-nCoV is 96% identical at the whole-genome level to a bat coronavirus.

I don't have time to read it carefully, maybe during the weekend.
From a first look at the abstract, unless there are clear areas where you can see the other 4% being of artificial/or other source origin, the idea that it is an artificial construct appears to have little support. In artificial construct, there would be larger areas of little sequence similarity, i would think.
Again, keep digging, maybe there would be a sudden revelation re other 4%.

96% similarity genetically is made-for-tv pablum you usually get out of Nature ... it's not a science journal, it's a science propaganda and history journal.

... humans are 96% genetically similar to chimpanzees. Someone's monkeyed with nCoV and now humanity has to deal with the exposure and alteration to our immune systems (and probably genomes) for all eternity.

[lightfoot]

An official version:

https://www.nature.com/articles/s41586-020-2012-7

Furthermore, it was found that 2019-nCoV is 96% identical at the whole-genome level to a bat coronavirus.

I don't have time to read it carefully, maybe during the weekend.
From a first look at the abstract, unless there are clear areas where you can see the other 4% being of artificial/or other source origin, the idea that it is an artificial construct appears to have little support. In artificial construct, there would be larger areas of little sequence similarity, i would think.
Again, keep digging, maybe there would be a sudden revelation re other 4%.

Good paper and pretty solid support this came from an infected bat and not a bunch of Chinese vampires. Hm....

[lightfoot]

96% similarity genetically is made-for-tv pablum you usually get out of Nature ... it's not a science journal, it's a science propaganda and history journal.

Cite? Nature is pretty good overall and has a fairly high reputation. Yes they goof from time to time (Dog clones) but then again Science published Star in a Jar. The key is they will issue retractions.

... humans are 96% genetically similar to chimpanzees. Someone's monkeyed with nCoV and now humanity has to deal with the exposure and alteration to our immune systems (and probably genomes) for all eternity.

Cite?

[JayJuanGee]

You are not going to censorship me...  

I don't want to censorship you! I just want to smack some sense in your head so that you stop being distracted by the subtle and irrelevant details of everyone's writing styles and focus (and argue if you feel the need) on the practical/real meaning of the contents FFS!  

Seems to me that largely my responses had been focusing on the substance of what Majormax had been saying both in regards to his assertion for a need for stability and a need for a dip...  

In other words, seems like a more substantive rather than a tonal response, even though maybe there might have been some attempts at fun with references to tone in response to you, but NOT in terms of my response to Majormax.....

In other words, I am sticking to my guns with what I already said, because overexplaining does not seem to be helping... Maybe I already over 'splained?  

Beat me to your heart's content... such beatings are not going to either improve morale nor discourage me into conceding that my posts had not been responsive attempts to Majormax and about tone.. same thing with any of my other posts, generally speaking..

I am not conceding nothing in regards to any purported overtonal emphases in my posting focus....    

Look who's in a bad mood.    

Let's pump the brakes on JayJuanGee-ism, swap it over to Nazism.

Let's not and say we did.

[JayJuanGee]

I'll take a moment to talk about my own trading experience, except instead of BTC I've been solely attempting to short BSV with massive leverage in very short term trades (5 minutes to 2-3 hours)....

...
Maybe you believe that you are carrying out some kind of patriotic duty, but unless you are some BIG ASS whale, you should already realize that some of the scammers may have already stacked the cards against you with their lack of liquidity and also their  pumpening of misinformation hype that can fuck you up the ass with one of the BIGGEST of unexpected Green dildos...

My motive is more profit-driven, and I don't delude myself with the pretense that I can actually effect the BSV market. You are right that I run the risk of being fucked by a green dildo at any given moment and without lube, which is why I don't leave the trades open. I just kick myself for not starting my venture a couple weeks earlier.

Fair enough.. seems risky as fuck, but I agree surely would be satisfying to get it right... .. and yeah, those BSV fucks have a lot of stupid-ass shit going on that makes no sense.. but we have already seen a lot of the dumb shit that happens in other coins too... such as ETH and ripple and even doge coin... and markets can be irrational as fuck... and worse when they are so damned illiquid like BSV... and also the diptwat believers that a pumpening is coming..... they are really waiting and it may or may not happen...

Speaking of irrational price moves, wasn't there some kind of 51% attack on BGold last week and then the price of that coin went up 15% on that day or some dumbass thing like that.  It can be crazily irrational many times in those illiquid markets.

[Biodom]

"The way we work is killing us" aka "Dying for a paycheck".

https://getpocket.com/explore/item/the-way-we-work-is-killing-us

The Economist magazine ran this interesting chart in which they show productivity on one axis and work hours on the other. There’s this nice linear negative relationship—the more hours a country’s working, the lower the productivity.

These studies have been done at the industry level as well and show the same thing. So the idea that you’ve got to work all these crazy hours in order to be productive is just not true. It’s completely empirically incorrect. Same with layoffs. They don’t benefit companies. Job control and micromanaging doesn’t benefit companies. So we’ve created a lose-lose situation in which people are suffering and companies aren’t benefiting.

...why workers are so stressed out in the first place—management practices like long work hours, unpredictable schedules, toxic bosses, and after-hours emails.

[Paashaas]

- Coronavirus death toll rises to 492, 24,552 confirmed cases worldwide and 23,260 suspected cases. 900 recovered. (Coronovirus is spreading faster than Chinese claim and China hiding the real casualties)

- Over 3800 new infections. 39 new cases in Hong Kong, Macao and Taiwan

- United Airlines suspends US flights to and from Hong Kong.

- Multiple people with coronavirus on cruise ship off Yokohama, Japan; 10 people taken to hospital.

- Wuhan plans to convert another 8 existing venues, including gymnasiums, exhibition centers and sports centers, into hospitals by Feb.

- Sudan announces four of its students in China have contracted coronavirus.

- Six new cases of coronavirus confirmed in Thailand.

- First case of coronavirus in Belgium.

- South Korea reports case of coronavirus in woman who visited Thailand.

- Hong Kong confirms first coronavirus death.

- Singapore reports local coronavirus transmission among six individuals.

- Macau, the world's biggest casino hub, to close gambling industry for at least half a month.

- Number of confirmed coronavirus cases in Germany rises to twelve.

- Ten days ago most of the cities inside the Hubei lock down (besides Wuhan) hadn't reported a single case, now some are approaching 2,000.

- Hyundai will suspend production in South Korea as a virus outbreak in China has disrupted supplies of auto parts.

- The head of the Canadian virus lab in the Chinese spy scandal 'suddenly' died today. The cause of death was not reported.

- American Airlines, Cathay Pacific and Jetstar close routes to China.

[jojo69]

Cite?

edit, found better link

https://www.businessinsider.com/comparing-genetic-similarity-between-humans-and-other-things-2016-5

[Biodom]

Cite?

https://www.pbs.org/wgbh/evolution/library/04/4/l_044_02.html

If I am not mistaken we share something like 90% with almost everything except mushrooms and mollusks

not quite, but we do share protein-coding regions with mice at 85% (only 50% for non-protein coding regions which are more prominent in the genome).
We, humans, do have an interesting group of genes that determine the brain size (microcephalin or MCPH1 is a prime example).
This gene, and in particularly, haplotype D, is associated with increased brain size as we moved from hominids to current humans, suggesting a selective sweep. Planet of the apes anyone?
https://www.technologyreview.com/s/613277/chinese-scientists-have-put-human-brain-genes-in-monkeysand-yes-they-may-be-smarter/

here you go again...

[VB1001]

Winklevoss’ Crypto Exchange Gemini Partners with TradingView

Gemini, a cryptocurrency exchange founded by Tyler and Cameron Winklevoss, has integrated popular trading chart analysis service TradingView.

According to a TradingView’s announcement on Feb. 4, Gemini has added the trading service as a trading partner, allowing its institutional customers to trade or invest directly through TradingView.

As part of the integration, Gemini is now listed in the TradingView’s Trading Panel as well as in the new Brokerage Section.

https://cointelegraph.com/news/winklevoss-crypto-exchange-gemini-partners-with-tradingview

https://www.tradingview.com/blog/en/gemini-crypto-trading-now-available-on-tradingview-16500/

https://gemini.com/blog/gemini-is-now-integrated-with-tradingview

[bitebits]

https://www.vaneck.com/globalassets/home/us/insights/blogs/investment-outlook/vaneck-digital-assets--the-investment-case-for-bitcoin.pdf

And I want to try this once at $9265: we will never see bitcoin <$9000 again.

[marcus_of_augustus]

... I think Jesus is probably at the wheel now in China. Karma is riding shotgun.

https://www.sciencemag.org/news/2019/12/chinese-scientist-who-produced-genetically-altered-babies-sentenced-3-years-jail

He Jiankui, the Chinese researcher who stunned the world last year by announcing he had helped produce genetically edited babies, has been found guilty of conducting “illegal medical practices” and sentenced to 3 years in prison ...

... in November 2018, He announced that he had modified a key gene in a number of human embryos in a way thought to confer resistance to HIV. The modification might be passed on to the descendants of children born with it.

... Lovell-Badge hopes all three babies are happy and healthy and says they deserve privacy. But, “There are still many details of the case that have yet to be released,” he says. These include confirmation of the edits made to the target gene and whether the editing affected other parts of the genome, among other technical issues. There is also the question of how He “could have proceeded with what he did with so much secrecy.”

... Hurlbut also questions the rogue scientist narrative. "He [Jiankui] may have broken laws. I don’t know that. It seems like the court case wasn’t transparent to the world, which it should have been. … It can’t just be three people involved. …

... I guess if you have an AIDS-flu genetically engineered franken-coronavirus why not try and sneak it out of a P4 virology lab and test it out on the little genetically-engineered HIV resistant munchkins?

[Gyrsur]

so the daily close (UTC) was above $9135.0.

https://i.imgur.com/JxRgmRq.png


and I bought 1 lot on a Deribit DEMO account.

https://i.imgur.com/Z5Y1TQE.png

https://i.imgur.com/g4V6CbV.png

my trade is looking good so far. 

saw a fibo retracement level of 38.2% at $9079.4.




will add a SL to my trade at $9067.00 because the local low is at $9075. still not sure about the TP. maybe "let the winners run"?