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

[JayJuanGee]

Imagine selling some or all of your stash at the very beginning of a bull run.

Like i did 2017. But i bought back in only days later (18% loss in fiat equivalent). Lesson learned, thanks.
But yeah, this was not the very beginning of the bull run.

We still seem to be in early 2016.... so yeah, seemingly pretty early in this particular run.... there will likely be a quite a few peeps shaken, even on the way UP, even in the next year or two.. while they are contemplating that either the top has been reached or that they might be able to catch a down wave, perhaps, but perhaps not.

[Paashaas]

- Death toll passes 2,000 with 72528 cases worldwide.

- First confirmed case of coronavirus in Napa County.

- Russia will close its border to Chinese citizens from Feb. 20.

- logistics problems in China due to the Coronavirus has affected the supply of clothes and shoes to Russia.

- Washington State monitoring 712 people for Coronavirus symptoms.

- Global oil demand set to drop first time in decade on virus.

- South Korea announces emergency steps to prepare for outbreak announces 15 new cases.

- Death rate from Covid-19 is 2.67%. The virus is up to 20 times more deadly than the seasonal flu.

- New Zealand Post halts mail to and from China.

- Beijing’s leading medical adviser has warned that human-to-human transmission of Covid-19 has still not been stopped in Wuhan.

- A second person has died from Covid-19 in Hong Kong.

- The world could face a shortage of antibiotics if the pharmaceutical industry's supply problems posed by the coronavirus outbreak in China cannot soon be resolved.

- About 500 people are allowed to leave the Diamond Princess cruise ship in Japan. 542 people infected.

- China's home prices dropped with 25%, oil demand also dropping.

- Nanjing, a major city in Jiangsu province, will ease restrictions after 2 days with no new cases of coronavirus. People will return to work, public places are reopening, and public transportation will resume. Translation:
  China's economy is tanking, CCP officials desperate to save the economy.

- Containers of frozen pork, chicken, and beef from South America, Europe, and the US are piling up at Chinese ports.

- Farmers in China throwing away crops amid Coronavirus outbreak due to it causing a huge impact on there economy.

- Kraft Heinz, PepsiCo, Renault, Peugeot, Volkswagen, BMW, Jaguar Land Rover factories in China remained closed. Hyundai has shut its huge factory in Ulsan, South Korea, for lack of parts while Nissan has already paused
  production lines at its Japanese plants.

- A statistical analysis of China’s data shows a near-perfect prediction model that data analysts say isn’t likely to naturally occur.



(suspected cases dropping due of manipulated numbers by the CCP.)

[Lambie Slayer]

"Some Bitcoin promoters are deliberately misrepresenting my concession that anyone who bought Bitcoin 10 years ago and sells now will make money as an endorsement of buying #Bitcoin today. It is not. Those who buy today and sell 10 years from now will likely do so at a loss."

https://twitter.com/PeterSchiff/status/1229742185651851266

LOL, I wonder what he will say as the years go by and he gets proven wrong over and over, just like for the last 6 or 7.

So far, history has shown that bitcoin has always been higher at any point 4 years after purchase, and of course, at some point that might no longer be true.  There is also the problematic nature that an investment, such as bitcoin that starts from zero is going to have pretty steep performance once it gets a value that is much above zero... So for example, maybe we could start measuring bitcoin's value in 2011, and bitcoin was valued in about a $2 to $7 price range for a large portion of 2011.  Seems like a decently fair starting point to start measuring bitcoin's advancement from there.

Also, we know that no investment is guaranteed, but bitcoin still seems to show pretty strong signs of continuing to be a good investment, even looking at a 10 to 20 year time horizon into the future.. and one thing about being a free-willed individual, we are empowered to change our minds or our investment strategies at any time that we chose, but those people who have invested into bitcoin and have held their bitcoin for longer periods have tended to do well with their bitcoin investments (so far), and even though there is no guarantees about future performance based on past performance, the current evidence still seems to support bitcoin as an investment, at least as a way to hedge 1% to 10% of investment assets and currently, there is no real evidence to suggest that anything is changing in regards to the ongoing investment thesis into bitcoin, except perhaps becoming stronger and stronger and stronger with the passage of time in a kind of Lindy effect kind of way.   

Like Lambie bambie asserts, seems like Peter is going to just continue to be wrong and wrong and wrong, but stubborn as Peter is, he is NOT likely to give up with his nonsense, even if he is shown to be a fool in the next 10 years.

Enough with this 1 to 10 percent.   10 percent should be the minimum a coiner invests in King Bitcoin.   Also long term winning for Bitcoin is guaranteed as long as humanity doesnt go extinct. Incorrect usage of my name will result in more GayJaunGee branding as well.  

[bitebits]

Interesting interview with Erik Voorhees, CEO of ShapeShift. Shares some of his libertarian views, the painful transition to KYC losing 95% of volume, predicts collapse of the debt bubble created within 3-5 years, 2020 Bitcoin rally, etc:

https://www.coindesk.com/erik-voorhees-within-five-years-there-will-be-a-major-financial-meltdown-and-crypto-will-be-ready

[kellrobinson]

There is also the problematic nature that an investment, such as bitcoin that starts from zero is going to have pretty steep performance once it gets a value that is much above zero... So for example, maybe we could start measuring bitcoin's value in 2011, and bitcoin was valued in about a $2 to $7 price range for a large portion of 2011.

horizontal line, USD 0.0224:  begin global liquid price discovery
Just my two cents

[Cryptotourist]

.

.

[VB1001]

Good morning, being above 10,000 looks good.



They say the same as us, but they go into more details.

[Ibian]

So the brits are at it again. NHS to refuse treatment to racists.

https://www.youtube.com/watch?v=6XmgNuBd5jE

[mindrust]

Our gang is a lot stronger than the others yet they don't acknowledge our existence. All these shitposting, charts and hats and memes cannot go unnoticed. Go and show your presence here:

https://bitcointalk.org/index.php?topic=5226757.0

~WO Gang~ (Also known as Hat Gang)

[Phil_S]

in Moon/Mars news:

https://twitter.com/NASAJPL/status/1229855247104970759

[Cryptotourist]

I was thinking Peter Schiff fired r0achie, and put an end to the meaningless copy-paste propaganda on WO, and took it on twitter.

Now how bullish is that?
They both know to their bottom of their hearts butts, that weee sooon mooon.

That almost sounded Chinese. Does it mean anything? Anybody?

[OutOfMemory]

(movie scenes)

Antonio Banderas?
What's the movie's title?

Checked out "Zombieland 2" yesterday. They quite managed to keep up the laughs, but the plot was far too predictable. At least the key scenes were still surprising and there is a hidden candy after the ending, in mids the credits. I'd recommend it to anyone with a good stomach, who also doesn't sleep alone afterwards  


Observing $10.065
Bart forming?
Or loading up the spring to bounce through $10.500? Alotta shorts sitting there, BTC will need much volume to excel.
Shorters be like [Put sad looking bear meme here]

[Cryptotourist]

(movie scenes)

Antonio Banderas?
What's the movie's title?

Quentin Tarantino - Four Rooms

You'll love it.

[OutOfMemory]

(movie scenes)

Antonio Banderas?
What's the movie's title?

Quentin Tarantino - Four Rooms

You'll love it.

Thanks, bro.
I actually LOVED it, i just didn't remember these scenes, must be over a century ago now!
It was all about the new receptionist, afair. Time to re-watch, must be on my NAS somewhere.

EDIT:

https://twitter.com/BakktBot/status/1230032316879294466
Bakkt's acceptance seems to be growing steadily, may be undervalued?

[Lambie Slayer]

Always feels good being over 10k.

82 days till the Halvening and all is well. 

[P_Shep]

but then i figure if folks like me we not actually using bitcoin what good is it?

so, no regerts.

Fuckin' a dude.

If nobody uses said commodity for its intended purpose, it is indeed no different from a Ponzi scheme. I can't help but think if there was more people with your mindset, Bitcoin would have arrived to a greater degree within the mainstream than it currently has. However, it is doing just fine, so hodlers HODL on, if you must.

I'd be a millionaire by now if I didn't keep spending 0.1BTC here, 0.05BTC there on takeaways and stuff over the years.
I like to think I helped the cause.
Though in reality, it probably ended up in the hands of whales :/

[OutOfMemory]

Always feels good being over 10k.

82 days till the Halvening and all is well. 

Imo, hashpower will likely drop, though.
As soon as difficulty catches up, halvening could be delayed a couple of days.

[Lambie Slayer]

Always feels good being over 10k.

82 days till the Halvening and all is well. 

Imo, hashpower will likely drop, though.
As soon as difficulty catches up, halvening could be delayed a couple of days.

No worries, I will update the count each day. 

[FullNode]

Bitcoin Coders Confront an Old Quandary: How to Upgrade an Entire Network

The catalyst this time is called Taproot/Schnorr, a years-in-the-making privacy and scaling upgrade that's seen exciting progress recently, especially now that the code in the form of a "pull request" is being reviewed and tested, bringing a change first discussed years ago closer to reality.

https://www.coindesk.com/bitcoin-coders-confront-an-old-quandary-how-to-upgrade-an-entire-network

[Cryptotourist]

I actually LOVED it,

Good good, here's how I pictured it: