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

[bitcoinvest]

Greece confirmed today 3 people with Coronavirus and all carnivals canceled as a start....
I see incoming sale off.... ( by the charts )

LIKE

[1714824341]

1714824341

[somac.]

If..... coronavirus wiped out a large portion of the elderly, it would solve 2 huge problems most young people face. Both of these problems were caused by money printing and big government.

Problem 1: Unaffordable housing.


The house market would crash like never seen in modern history if 10s of millions of homes all of the sudden had dead owners and hit the for sale inventory. The young survivors could easily afford homes at that point.



Problem 2: Unaffodable healthcare.

The healthcare industry makes the vast majority of its money form the elderly. A person usually spends more on healthcare in the last 6 months of their life than on their entire life prior.

People with sixth months to live will effectively be wiped out now if the Coronavirus spreads throughout humanity. Anyone in that bad of shape has little chance of surviving.

Prices will have to come down massively as the healthcare industries best customers all perish. I keep reading about drug companies not wanting to spend money on coronavirus vaccine research, but if they dont find one all of their most lucrative customers will die.

Yeah, but you know what, I still don't want my dad to die.

[Lambie Slayer]

is anybody so kind and explain or send me the link to the DCA strategy please?

oh man jjg will be here soon

be ready

Say his name four more times and something bad will happen.  

https://www.youtube.com/watch?v=woO-DWwMP8g

[Last of the V8s]

You ghoulish kids are cute and all but the sars2 only kills 10% of the over 80's and 10% of diabetics etc so it's not that part that's going to sting as much as 2% of all humanity - if you remember what that is - could be killed. One hundred and fifty million souls. If you know 150 people pretty well, 3 will die in the next 18 months of this thing. Of your 1500 acquaintances, 30. 3 Hat-wearing, god-fearing, wall-observing bros might die.

edit ~15%, ~8%, ~2.3% but there's only been the one big study so far

[OutOfMemory]

is anybody so kind and explain or send me the link to the DCA strategy please?

oh man jjg will be here soon

be ready

Say his name four more times and something bad will happen.  

https://www.youtube.com/watch?v=woO-DWwMP8g

Two times could be too much already...

https://www.youtube.com/watch?v=3J7AmojLGrs

[LUCKMCFLY]

Following the model, for me it will be Bullish.

Is #bitcoin bullish or bearish? According to the #s2f model, its about bang on where its meant to be. Look at the likelihood. The low likelihood points are becoming less frequent. bullish imo. Remember blue + low=undervalued. Red/orange + low=overvalued.  https://btconometrics.com

Source: https://twitter.com/btconometrics/status/1232951660319657984

[Lambie Slayer]

If..... coronavirus wiped out a large portion of the elderly, it would solve 2 huge problems most young people face. Both of these problems were caused by money printing and big government.

Problem 1: Unaffordable housing.


The house market would crash like never seen in modern history if 10s of millions of homes all of the sudden had dead owners and hit the for sale inventory. The young survivors could easily afford homes at that point.



Problem 2: Unaffodable healthcare.

The healthcare industry makes the vast majority of its money form the elderly. A person usually spends more on healthcare in the last 6 months of their life than on their entire life prior.

People with sixth months to live will effectively be wiped out now if the Coronavirus spreads throughout humanity. Anyone in that bad of shape has little chance of surviving.

Prices will have to come down massively as the healthcare industries best customers all perish. I keep reading about drug companies not wanting to spend money on coronavirus vaccine research, but if they dont find one all of their most lucrative customers will die.

Yeah, but you know what, I still don't want my dad to die.

Yes, me neither. It wont be everyone's parents that die. Everyone, including myself is likely hoping that their parents make it through.

Based on mortality by age so far Id estimate about 1 out of 5 people with 2 parents in 70's and up range will have at least one parent die from this virus.

Coronavirus seems to specialize in taking out people who probably didn't have a lot of time left anyway. Not one death under 9 years old so far if the reports are accurate.


 

[Last of the V8s]

A little known specialized bond created in 2017 by the World Bank may hold the answer as to why U.S. and global health authorities have declined to label the global spread of the novel coronavirus a “pandemic.” Those bonds, now often referred to as “pandemic bonds,” were ostensibly intended to transfer the risk of potential pandemics in low-income nations to financial markets. Yet, in light of the growing coronavirus outbreak, the investors who purchased those products could lose millions if global health authorities were to use that label in relation to the surge in global coronavirus cases

[gentlemand]

Yeah, but you know what, I still don't want my dad to die.

Post his address on here. I'm sure someone will whack him for you.

[Lambie Slayer]

You ghoulish kids are cute and all but the sars2 only kills 10% of the over 80's and 10% of diabetics etc so it's not that part that's going to sting as much as 2% of all humanity - if you remember what that is - could be killed. One hundred and fifty million souls. If you know 150 people pretty well, 3 will die in the next 18 months of this thing. Of your 1500 acquaintances, 30. 3 Hat-wearing, god-fearing, wall-observing bros might die.

via Imgflip Meme Generator

Its 14.8% for over 80. They probably didnt make a section for 90 and up bc its likely something crazy like 50 percent and it would freak people out.

The lion's share of victims will be over 70.  

If you live in a nursing home, or play bingo every week, a huge chunk of your friends will die. If you dont know many elderly then you may not know a single person who dies, but you will see lots of for sale signs in your neighborhood soon. Assuming this spreads everywhere and doesnt fizzle out in the spring.



 

[xhomerx10]

is anybody so kind and explain or send me the link to the DCA strategy please?

BTW, we should start something where the WO terms are explained to Newbies like me.

 Dollar cost averaging is simply deciding how much you want to invest and then dividing it into regular contributions over a given period of time.

ie I want to invest $8000 this year into Tesla so I will make biweekly contributions of $307.69.  

 This method is supposed to lower your risk with respect to volatility but imagine doing that with a stock that continues to lose value over time - you're giving away your money.
I think the DCA strategy only works when markets are in an uptrend... but I'm no expert.
 
edit: JJG?

[psycodad]

The fact of the matter is that it was the boomers who voted in socialism in practically the entire world. They deserve to die, and they need to die before we have even the possibility of building something better.

And I'm saying this as someone with old parents. Good parents at that, even. But a few worthwhile people, if they are, do not make up for an entire world run by old people who deliberately make things worse.

If Corona-chan kills most people over 60 and stops unlimited immigration, then it may in the long run turn out to be a good thing. Even better if the world turns on the chinese for releasing it.

Yeah, sorry for being around longer than expected but as vapourminer said, we're already slowly getting our coats.

I am sure once we boomers are all gone and generation Greta runs the show from a mobile phone App things will finally improve to the better.

[machasm]

Yep I am a boomer too and don’t like the way we are all tarnished with the same brush.
It’s always easy in hindsight to see where we/you went wrong. I am sure the Greta’s children generation will look back and poke a whole bunch of holes in their parents decisions too.
At 56 maybe I should cash out my BTC before Corona gets Mee too!

[akhjob]

is anybody so kind and explain or send me the link to the DCA strategy please?

BTW, we should start something where the WO terms are explained to Newbies like me.

 Dollar cost averaging is simply deciding how much you want to invest and then dividing it into regular contributions over a given period of time.

ie I want to invest $8000 this year into Tesla so I will make biweekly contributions of $307.69.  

 This method is supposed to lower your risk with respect to volatility but imagine doing that with a stock that continues to lose value over time - you're giving away your money.
I think the DCA strategy only works when markets are in an uptrend... but I'm no expert.
 
edit: JJG?

DCA strategy works in long term. DCA is all about avoiding your market entry timing. It doesn't have anything to do with uptrend or downtrend. If you believe that a project will excel over long term, instead of timing the market you could go for DCA. If you use DCA and still end up in loss long term that just means that your investment choice is poor.
Hope I'm not wrong.

[jojo69]

CP/M here i come (again). RS232 and a terminal emulator is all i need. stocking up on 8" and 5 1/4" floppies now

I really regret not keeping my Osbourne...like really

[akhjob]

Meanwhile, Bitstamp has added support for Bech32 address 
https://www.bitstamp.net/article/weve-added-support-bech32-bitcoin-addresses-bitsta/

[M4z]

Some folks want a strong Bitcoin, that can do what VISA can't do - to be a decentralized, trustless, censorship-resistant digital currency, a store of value with its own sovereign monetary policy - with additional functions such as faster payments & smart contracts being layered-on-top future options.

While some other insensibly covetous folks (as should unfortunately be expected from a community filled with too many short-sighted greedy degenerates.. ;3) would prefer a fast Bitcoin, that strives to copy what VISA has already been doing for decades - attempt to be a competitive, mostly centralized payments processing platform.

..Why do you want BTC to be another credit card? What makes you so confident BTC price suddenly pumps to heaven because a majority voted for bigger, bloatier, spammier blocks and fewer, larger, blackhat-DDoS-cartels-enforced mining node farms that government agencies around the globe find much easier than LulzSec member..?

You can focus design towards a strong sovereign-monetary decentralized trustless censorship-resistant digital currency ; Or towards a fast less-decentralized digital currency + non-trustless censorship-vulnerable payments network.

Choose.

[Gyrsur]

seems Wall Street is in complete panic mode now.  

EDIT: thank you xhomerx10 and akhjob for help with abbreviation DCA!

EDIT2: Dow down to roughly 26500 points from roughly 29500 ATH. Donald your comment on that please!  

[rolling]

seems Wall Street is in complete panic mode now. 

The dream scenario would be 1% of the money being taken out of equities finding it's way to bitcoin. Bonds are at record levels. Gold is a joke to most investors, commodities are falling, most will just hold cash but what if bitcoin starts rising at the same time the stock market crashes? That reverse correlation could make for an epic spike.

I think we saw a decline in the last few days because traders are trying to make it look like bitcoin is correlated to the stock market. I hope they run out of ammo while the stock market keeps declining. Wishful thinking perhaps.

[ataArt]

#random Retirement is strange. I'm primarily living off of Bitcoin-funded fiat investments, that pay me out monthly over the next couple decades or so, and I find it highly amusing that I'm using portions of those disbursements to re-buy corn-dip.

/shrugs

Hopefully I can say this is me in 2022!
I’m still only 33

Go BTC Go !!!!!

most of those here are waiting for the start of this magical time