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

[JayJuanGee]

Bakkt aims to turn your reward points into a wallet you can spend anywhere.

The purported wallet shows several ways of holding value in terms of rewards, dollars, and crypto... I wonder if "crypto" means bitcoin?  or this is in the theoretical stage?  Maybe be they could hold the value in "blockchain".. that could be sufficiently vague enough?

[1714100562]

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[1714100562]

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[JayJuanGee]

Can't help but add some nice fat chunks to my normal DCAs this week. And I don't even know why.

Well dollar cost averaging usually means allocating an amount and buying BTC on a regular basis... especially during times in which you are accumulating and establishing a position... Can take a while, and sometimes the
BTC price is going to be up and sometimes the BTC price is going to be down.

If your DCA approach and method depends upon the money to come in to you, then you cannot buy the BTC until the money comes in.

In any event, hopefully, if you are doing this accumulation based on DCA correctly, you are prepared for BTC prices to go either up or down... 

[JayJuanGee]

The Tesla bubble breaking while BTC pumps. Good, was starting to get a little bit jealous. Friends who own it were starting to preach the gospel  

After my Windows 7 party last week I threw a Tesla party tonight. I isolated them from the media to keep the hysteria going and dosed every single one with cyanide. Now they're all face down in their meringue while I languidly smoke my cigar.

You are one sick puppy, gentlemand.

It will be full of fooking tourists.  Like that last time !

"crypto" tourists?

400BTC sell wall on Stamp @ $9800

Not scared.  

I don't see it guys.

Too far too fast, no way this ramp can hold, we need to cool off for a bit and test at 9050

That's quite a big dump, Looks pretty strong around 9500. But could happen

1) did you receive your anticipated money yet?

2) did you buy any BTC yet?

I don't see it guys.

Too far too fast, no way this ramp can hold, we need to cool off for a bit and test at 9050

That's quite a big dump, Looks pretty strong around 9500. But could happen

That's not even a "dump" at all. Just a couple hundreds from where we were 24 hours ago.

Retesting after every AYH won't hurt at all. The higher the "consolidated" price we rally from (after the halving) the better. The less the FOMO (until it is inevitable), also the better.

Actually, this is sometimes exactly how the UPPITY happens.  There is little by little and continuous trickle, and never quite a correction that is BIG ENUFF for the fence sitters.. and they sit and they wait and they wait and they wait, and pretty soon, they feel that they cannot wait any longer, and the price has already doubled by then.. and we know what frequently happens when getting a doubling of the price?  No guarantees of course, because sometimes no meaningful and significant correction comes until after a 3.5x... which is what happened from April to June and surely is NOT outside of the realm of possible and realistic happenings.

[JayJuanGee]

I don't see it guys.

Too far too fast, no way this ramp can hold, we need to cool off for a bit and test at 9050

Too fast for what? If we're heading to $350k-450k area during this cycle we're lagging behind the schedule...  

Exactamente!!!!!!!!!


No such thing as "too fast," in bitcoin land.  

[JayJuanGee]

BTC up 5.6% in last 24 hours. This is good
BCH up 14.8% in last 24 hours. This is gooderer.
BSV up 9.6% in last 24 hours. This is gooder, too.

Excellent.

I have all 3 in my old addresses.

#laziness #constructiveprocrastination  

Craig and what's his face?, Calvin Ayre, are likely going to be taking that third one from you, if you don't move them within a certain period of time... but whatever, doesn't really matter too much anyhow, I suppose.. perhaps both of them will end up behind jail, so won't do them too much good to have your coins.. they won't be able to spend them.

[JayJuanGee]

Well, I bought like 0.22025224 BTC at $9,234.41 per BTC yesterday 2/4/20 at $2,064.21 USD.  Of that, there was the $30.31 USD Coinbase fee in previous amount here.

Now BTC is pumping. Current price as of this moment 1/5/20 the price is $9,561.01 USD. IT ALWAYS dumps when I buy! I am 'befuddled'

I would have 'probably' gotten an ASIC unit instead of whatever model flavor, with my ASIC addiction, but even to me that made no sense with halving

happening end of April 2020 and such with ASIC prices being way too high and the good old USA 26.7% Tariff plus shipping to the USA don't ya know.

Even with full 'old school' ASIC addiction that makes NO sense. Both reasonableness in buying yesterday and resisting 'evil ASIC toasters', I'm on a roll!

So again, pumping, who'd a thunk it? Must indeed be the end of times, after I jump into the deep end of the pool.

So this is what buying at the right time means? Who'd a thunk it?

I'll post next week when the correction happens, but till then 'reveling' timing for once.

Anyone else actually 'pull the trigger' at the right time for some accumulation before this pump

or did the WO fickle finger of fate just decide it was my turn to buy at the right time?

Anyway, interesting, this is how the 'cool' crypto kids feel I guess.....

Brad

Usually, it is better to buy on the way down rather than on the way up.. but maybe the price will keep going up.

We have had about 50% price appreciation since our $6,424 December low... so maybe we will experience a significant and meaningful BTC price correction, or maybe a better case scenario would be that we do not experience any significant and meaningful correction until we get into the $17k arena.

I would not be surprised to see a couple of 10% corrections along the way and even a 30% to 40% correction at some point along the way would not be unusual.

[Paashaas]

- Death toll from the coronavirus outbreak has passed 560 after Chinese authorities announced 70 new deaths and more than 3,000 new cases.

- Wisconsin confirms first case of coronavirus, bringing US total to 12.

- Hong Kong closes borders with mainland.

- Cruise ship quarantined in Hong Kong, 10 more cases identified aboard Diamond Princess in Japan.

- First babies born infected with coronavirus.

- Adidas closes China stores over virus outbreak.

- People panic buying toilet paper in Hong Kong.

- Number of quarantine citizens in US approaches 400.

- Shanghai authorities recommend suspending all sports event in city, putting F1 GP in doubt.

- Tokyo Olympics chief says coronavirus could disrupt olympic games.

- Taiwan bans all international cruise ships from docking.

- All schools in Shanghai are forbidden to open before the end of February.

- Funeral worker says Wuhan cremating at least 100 bodies a day.

[Lambie Slayer]

The Financial Times Alphaville explains what the halvening (pardon the gobbledygook) is.

Bitcoin’s “halvening” won’t boost its price
By: Jemima Kelly

https://ftalphaville.ft.com/2020/01/30/1580390916000/Bitcoin-s--halvening--won-t-boost-its-price-


In the comments, I found our old friend NLC

That above linked article is behind some kind of paywall (registration wall).  Me, not gonna do it.  

For some reason, I didn't get any wall. And no, I'm not registered.

The article itself is just a piece of classic Wall St against crypto mentality. I'll try to paste it here later.

Yep... I was able to read it through V8's providing of the link... Thanks V8.

the ft article was archived 4 days ago https://archive.is/oaGQs

Essentially a lot of bitcoin butt hurt hating seems to be going on in that article.  Getting caught up in largely bullshit trivial points, and seeming to NOT really understand what bitcoin is providing, and really does it matter?  If they really believe the nonsense that they are espousing, then they are just going to get caught chasing the train, maybe even in a worse position than bargain boyz. Im still very upset about Slayer exposing my lies and hypocrisy and being right with his Bargain Boyz memes. He is over 95 percent net worth invested in Bitcoin right now and this bothers me bc I never had the balls to go in more than 25 percent. He has embarrassed me so much lately that Im afraid to mention him directly, I just mention his memes bc Im still bitter.

I appreciate your honesty JJG, very big of you. But as you know the Bargain Boyz buy zone was reached. The Iran war pump and Coronavirus pump means that Buy Zone probably wont ever be reached again, so man up, get more net worth invested in Bitcoin, and you wont be so bitter.

via Imgflip Meme Generator

[jojo69]

05:08:20 UTC

Thursday checks out sir

[marcus_of_augustus]

https://www.caixinglobal.com/2020-02-06/reporters-notebook-we-interview-front-line-coronavirus-doctor-101512020.html
... warning: this is an interview of doctor on front line since Jan 06 in Wuhan and is tough reading.

Caixin: Based on your clinical experience, what’s the disease progression of the new coronavirus?

Peng: Lately I’ve been spending the daytime seeing patients in the ICU, then doing some research in the evenings. I just wrote a thesis. I drew on data from 138 cases that South Central Hospital had from Jan. 7-28 and attempted to summarize some patterns of the novel coronavirus.

A lot of viruses will die off on their own after a certain amount of time. We call these self-limited diseases. I’ve observed that the breakout period of the novel coronavirus tends to be three weeks, from the onset of symptoms to developing difficulties breathing. Basically going from mild to severe symptoms takes about a week. There are all sorts of mild symptoms: feebleness, shortness of breath, some people have fevers, some don’t. Based on studies of our 138 cases, the most common symptoms in the first stage are fever (98.6% of cases), feebleness (69.6%), cough (59.4%), muscle pains (34.8%), difficulties breathing (31.2%), while less common symptoms include headaches, dizziness, stomach pain, diarrhea, nausea, vomiting.

But some patients who enter the second week will suddenly get worse. At this stage, people should go to the hospital. Elderly with underlying conditions may develop complications; some may need machine-assisted respiration. When the body’s other organs start to fail, that’s when it becomes severe, while those with strong immune systems see their symptoms decrease in severity at this stage and gradually recover. So the second week is what determines whether the illness becomes critical.

The third week determines whether critical illness leads to death. Some in critical condition who receive treatment can raise their lymphocyte, a type of white blood cell, and see an improvement in their immune systems, and have been brought back, so to speak. But those whose lymphocyte numbers continue to decline, those whose immune systems are destroyed in the end, experience multiple organ failure and die.

For most, the illness is over in two weeks, whereas for those for whom the illness becomes severe, if they can survive three weeks they’re good. Those that can’t will die in three weeks.

...

Caixin: What is the highest risk a serious patient faces?

Peng: The biggest assault the virus launches is on a patient’s immune system. It causes a fall in the count of lymphocytes, the damage in the lungs and shortness of breath. Many serious patients died of choking. Others died of the failure of multiple organs following complications in their organs resulting from a collapse of the immune system.

... since we are not allowed to call it AIDS-flu by the WHO and Overlords in our government who are lying, withholding information, performing derelection of duty, covering up and risking lives, I won't call it AIDs-flu ...  but fuck me that sounds a lot like AIDS-flu.

Edit: to fight a virus the public need the best information available as soon as it is available. The virus thrives on the darkness and fear. Truth is needed NOW or science will not have a chance against this beast.

[Paashaas]

https://www.caixinglobal.com/2020-02-06/reporters-notebook-we-interview-front-line-coronavirus-doctor-101512020.html
... warning: this is an interview of doctor on front line since Jan 06 in Wuhan and is tough reading.

Caixin: Based on your clinical experience, what’s the disease progression of the new coronavirus?

Peng: Lately I’ve been spending the daytime seeing patients in the ICU, then doing some research in the evenings. I just wrote a thesis. I drew on data from 138 cases that South Central Hospital had from Jan. 7-28 and attempted to summarize some patterns of the novel coronavirus.

A lot of viruses will die off on their own after a certain amount of time. We call these self-limited diseases. I’ve observed that the breakout period of the novel coronavirus tends to be three weeks, from the onset of symptoms to developing difficulties breathing. Basically going from mild to severe symptoms takes about a week. There are all sorts of mild symptoms: feebleness, shortness of breath, some people have fevers, some don’t. Based on studies of our 138 cases, the most common symptoms in the first stage are fever (98.6% of cases), feebleness (69.6%), cough (59.4%), muscle pains (34.8%), difficulties breathing (31.2%), while less common symptoms include headaches, dizziness, stomach pain, diarrhea, nausea, vomiting.

But some patients who enter the second week will suddenly get worse. At this stage, people should go to the hospital. Elderly with underlying conditions may develop complications; some may need machine-assisted respiration. When the body’s other organs start to fail, that’s when it becomes severe, while those with strong immune systems see their symptoms decrease in severity at this stage and gradually recover. So the second week is what determines whether the illness becomes critical.

The third week determines whether critical illness leads to death. Some in critical condition who receive treatment can raise their lymphocyte, a type of white blood cell, and see an improvement in their immune systems, and have been brought back, so to speak. But those whose lymphocyte numbers continue to decline, those whose immune systems are destroyed in the end, experience multiple organ failure and die.

For most, the illness is over in two weeks, whereas for those for whom the illness becomes severe, if they can survive three weeks they’re good. Those that can’t will die in three weeks.

...

Caixin: What is the highest risk a serious patient faces?

Peng: The biggest assault the virus launches is on a patient’s immune system. It causes a fall in the count of lymphocytes, the damage in the lungs and shortness of breath. Many serious patients died of choking. Others died of the failure of multiple organs following complications in their organs resulting from a collapse of the immune system.

... since we are not allowed to call it AIDS-flu by the WHO and Overlords in our government who are lying, withholding information, performing derelection of duty, covering up and risking lives, I won't call it AIDs-flu ...  but fuck me that sounds a lot like AIDS-flu.

Edit: to fight a virus the public need the best information available as soon as it is available. The virus thrives on the darkness and fear. Truth is needed NOW or science will not have a chance against this beast.

Evidence is showing that the virus is compromising bone marrow and therefore blood cell production. They are actually seeing a decrease in the body’s immune response.

This is an attack vector or with other words a weapon.

[OutOfMemory]

Good morning.

Science also needs to check if and how fast the immune system recovers from the drop in lymphocytes.
Example: The measles, where infections are more dangerous to adults than to children, because the virus "resets" the immune system.
Children have more undeveloped immune systems, so a infection with measles does not much harm to the immune system, it continues to develop, the setback is small.
Whereas in case of an adult with fully developed immunity to various bacteria and viruses risks secondary complications right after the body finished fighting the main measles infection.
This mechanism was discovered just recently, i think mid 2019.

[becoin]

Truth is needed NOW or science will not have a chance against this beast.

Americans started stealing Chinese technology.

https://www.rt.com/business/480208-huawei-sues-verizon-infrigements/

I bet from now on the laws defending intellectual property rights won't be so important for the US.

[FullNode]

Major crypto conferences across Asia are being put on hold because of the coronavirus

The rapid spread of the widely feared Coronavirus has sent shockwaves across the global markets and has even led some crypto analysts to note that investors flocking to safe-haven assets as a result of the virus’s spread has bolstered Bitcoin.

One other side effect of the Coronavirus’s spread has been the cancellations or delays of multiple major cryptocurrency events across the globe, likely having a significant impact on the subsequent turnout – and therefor industry influence – of these events.

https://cryptoslate.com/major-crypto-conferences-across-asia-are-being-put-on-hold-because-of-the-coronavirus/

[Cryptotourist]

It will be full of fooking tourists.  Like that last time !

"crypto" tourists?

[Gyrsur]

Girls, we have to break this barrier below somehow in the next weeks. if the sky is open for us!

[Cryptotourist]

~ the sky is open for us!

The force is strong in this cycle, young apprentice.

[HairyMaclairy]

Usually, it is better to buy on the way down rather than on the way up.. but maybe the price will keep going up.

I’m going to disagree somewhat on this point. It doesn’t matter what direction the price is moving when you buy, so long as your sell above that price. 

[alevlaslo]

[HairyMaclairy]

It will be full of fooking tourists.  Like that last time !

"crypto" tourists?

Get back in your box.  It is not yet time.