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

[STT]

Youngsters are extremely pro-Bernie/pro-Corbyn.

They also want to split the union and have Scotland a separate country but study the figures and its not actually possible in any effective way.   Ditto Bernie, awesome stuff bro but these figures dont add up and the budget proposed can never be balanced.   Corbyn supported Venezuela and that is where you are going to end up with awful finance policies.   Doesnt have to be about politics, its about remembering how to count to ten and why it matters.


BTC is turning like an oil tanker, slowly but the base price might hold and we can gain upwards some.   Cautious while markets are hurting generally.

[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 from 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.

[Gyrsur]

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

[somac.]

Order book on the buy side starting to get some love now. Only a little but this is a good thing, keep putting in the orders people. I have to wait till next week

[OutOfMemory]

Dems, Reps... Doesn't make much difference.
We're fucked, globally, economically, we just don't realize yet.
Does anybody still thinks politicians are working for us?  
It's we that work for them, they just orchestrate our behaviour, but that's not how democracy should look like. It would cost a lot of our blood to change this.
And even if we wanted to, they would make us to fight against each other than against the establishment for something better.
We're just too dumb (yet) to be really free.
Any government is just elected, temporary dictatorship. The old greeks would likely stab themselves in shame, if they'd know what "democracy" looks like today.

[bitcoinvest]

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

LIKE

[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