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

[Totscha]

Offtopic... Observing $8562. This is bullshit! 

[1715235490]

1715235490

[LUCKMCFLY]

Bitcoin can be the solution for many things, gold has always been in crisis, currently for many it is also considered a safe haven.

Where I live the entire yieldcurve is negative: 1Y interest rate, 5Y, 10Y, 30Y all below zero. Soon in US too. This is a problem because banks already charge negative rates on savings accounts. Also, pension funds have trouble making enough return. #Bitcoin could be the solution.

Source: https://twitter.com/100trillionUSD/status/1233346157977513984

[somac.]

Offtopic... Observing $8562. This is bullshit! 

Yeah I'm not liking it. I thought we had finished with all this bullshit. Apparently not.

[dragonvslinux]

We've broken $8.5K and made new lows, but the 1hr is saying "don't short me" and "take short profits".
Will be interesting to see how this plays out with the 50 Week MA at $8420* $8478. Macro traders will get pretty bullish over that price imo.



The "bigger picture" is telling me we've reached both the 0.5 fib retracement levels of $8462 and $8501, which I believe will be defended due to the confluence of support:



Am expecting a rebound from here or $8.2K volume support either way  

*Chart updated with 50 Week MA being tested on 1hr chart

[vapourminer]

[snippage ensues]
I still own a pair of (working) Compaq 'sewing machine' 8088-based PC clones. DOS on floppy, store to floppy. Woo-hoo!

I keep an 8 inch floppy disk at my desk, beside my 5 pound IBM Model M keyboard. Winderrs keys are for losers! The Model M is a daily driver, the 8 inch floppy is just a momento.

yeah i have an old IBM AT keyboard. old IBM keyboards were the standard (aside from its Selectric typewriter) and still kick ass. prolly weights more than some entire computer setups now.

[vapourminer]

Think we are at a bottom. Sell orders have not been increasing and are in fact decreasing slightly.

maybe. room for lots of panic in the market still.

i slurped some corn up during this but still have some reserve if it keeps going south.

[ivomm]

Offtopic... Observing $8562. This is bullshit! 

Yeah I'm not liking it. I thought we had finished with all this bullshit. Apparently not.

Hodler's wealth is build on traders stop losses. Let them lose their money. I feel sorry for them, but there is no other way. It is another gift to buy at these levels. Next week I will buy moar. I am going to replace the credit card limit with a loan which has 3x less interest, thus getting $5555 for the same monthly 50 euro payments. Waiting for a call from the bank to finalize the documents...  

[Biro Bob]

This has been a weird dump...

Indeed. So much so that I just bought my first bit of corn since the 3000’s

[fillippone]

Gentle reminder: today is CME future expiry with record high open interest.
Brace yourself for conspiracy theories.

CME Bitcoin futures (BTC) open interest reached a record high of over 6.6K contracts on February 19 and nearly 300 new trading accounts were added this year, as of February 24. spr.ly/60111mlhf

https://twitter.com/cmegroup/status/1232695237245620225?s=21

[Phil_S]

Told ya to wait for $8500. Here we go.

But I don't think we can go much lower. Not under $8000. Waiting for under $8000 would be too greedy.

[El duderino_]

via Imgflip Meme Generator

[Phil_S]

fake news, tho. original simpsons episode says "apocalypse meow" not "corona virus":

https://www.youtube.com/watch?v=DBwZWDYPpqI

[psycodad]

[snippage ensues]
I still own a pair of (working) Compaq 'sewing machine' 8088-based PC clones. DOS on floppy, store to floppy. Woo-hoo!

I keep an 8 inch floppy disk at my desk, beside my 5 pound IBM Model M keyboard. Winderrs keys are for losers! The Model M is a daily driver, the 8 inch floppy is just a momento.

yeah i have an old IBM AT keyboard. old IBM keyboards were the standard (aside from its Selectric typewriter) and still kick ass. prolly weights more than some entire computer setups now.

The true BofH like clickety-clickety when "cleaning up" annoying users home directories can only be made with these. Loved them but my vivid temperament in younger years didn't let me use a keyboard for more than a few weeks...

[_javi_]

via Imgflip Meme Generator

close, but no prize

That flu came from Japan, not China.
And the Kent Brockman title said "Osaka Flu", not Coronavirus

btw, I love the Simpsons, with so many years airing, you will find many coincidences with real life.

[dragonvslinux]

Gap filled!

[Tash]

Meantime in DEMOCRATIC REPUBLIC OF CONGO Ebola virus and Bubonic plague

The epidemiological situation of the Ebola virus disease in the provinces of North Kivu and Ituri dated 24 Feb 2020:

Since the start of the epidemic, the cumulative number of cases has been 3444, of which 3310 have been confirmed and 134 are probable. In total, there were 2264 deaths (2130 confirmed and 134 probable) and 1167 winners (people healed, or survivors);
- 453 suspected cases are under investigation;
- No new confirmed cases;
- No new deaths among the confirmed cases, including no community deaths;
- No healed person has left the Ebola treatment centers;
- No health worker is among the new confirmed cases. The cumulative number of confirmed/probable cases among health workers is 167 (approximately 5% of all confirmed/probable cases), including 41 deaths.

Bubonic plague investigation
--------------------------------------
On 22 Feb 2020, the Aungba Health Zone chief medical doctor was alerted that suspect bubonic plague cases were reported in the Ugunzu-Makangi village of the Aterlembe health area, Djugu territory, Ituri Province, DR Congo. Murine epizootics were also mentioned in the Makangi village. On 23 Feb 2020, the chief medical doctor of the Aungba health Zone  was appointed to visit the health center of Aterlembe for 2 days to investigate suspect bubonic plague cases. The head doctor Dr Delphonse Unen Ali reported on the same day (23 Feb 2020) on the outbreak. The nurse of the Aterlembe health center notified 2 suspected cases of bubonic plague. He reported that the index cases were 2 family members who presented with fever, headache, and painful buboes on 22 Feb 2020 at 2 health centers. After self-medicating for 6 days (16-22 Feb 2020), they consulted as ambulatory patients the Kpese health post and then the Yuku health center, both in the Aru health zone. A 2-year-old boy died on 21 Feb 2020 with symptoms consistent with that of bubonic plague (fever, painful buboes), the 2nd patient -- the 12 year old brother of the co-primary case -- tested positive for plague with the RDT [rapid diagnostic test] and is recovering. He presented with fever, painful buboes, and headaches. So far 16 contacts have been traced and treated with doxycycline, 27 households were dusted.

Lets hope they done a good job.

During a typical year in the United States, 30,000 to 50,000 persons die as a result of the flu. Mortality rate of 5-10%
https://www.globalsecurity.org/security/ops/hsc-scen-3_flu-pandemic-deaths.htm

[aesma]

Anyone here from the northern Italy? Or China? South Korea? Or Japan, Singapor? I know all of them have the new technology which is called 5 G. Can this really help to prevent virus. That's what they say that it can help to combat the virus.

Link or it didn't happen.
Don't tell me you're still watching news programming on a TV set?

Here are the news . .China tackles epidemic with 5G, AI technology
https://asiatimes.com/2020/02/china-tackles-epidemic-with-5g-ai-technology/    China's ambitious 5G push heading into slow lane due to coronavirus disruptions     https://mobile.reuters.com/article/amp/idUSKBN20F0YF               ....Wuhan hospitals use 5G-powered robots for patient guiding, disinfection  
 https://www.bernama.com/en/news.php?id=1812147     5G technology powerful weapon in China’s fight against epidemic  http://en.people.cn/n3/2020/0217/c98649-9658567.html    

I can't say I'm following the 5G thing too closely (even though I'm working in a related field, and my company owns a telco...) but so far anything I've seen labeled "5G" can be done with 4G just fine.

In fact my company has had telepresence robots for years.

I saw a voice operated elevator in China being demonstrated as something that is helping fight the epidemic. I'm sure it could, if it was widespread, but of course we might be talking about 1 elevator that has the tech for every million elevators without...

[aesma]

Meantime in DEMOCRATIC REPUBLIC OF CONGO Ebola virus and Bubonic plague

The epidemiological situation of the Ebola virus disease in the provinces of North Kivu and Ituri dated 24 Feb 2020:

Since the start of the epidemic, the cumulative number of cases has been 3444, of which 3310 have been confirmed and 134 are probable. In total, there were 2264 deaths (2130 confirmed and 134 probable) and 1167 winners (people healed, or survivors);
- 453 suspected cases are under investigation;
- No new confirmed cases;
- No new deaths among the confirmed cases, including no community deaths;
- No healed person has left the Ebola treatment centers;
- No health worker is among the new confirmed cases. The cumulative number of confirmed/probable cases among health workers is 167 (approximately 5% of all confirmed/probable cases), including 41 deaths.

Bubonic plague investigation
--------------------------------------
On 22 Feb 2020, the Aungba Health Zone chief medical doctor was alerted that suspect bubonic plague cases were reported in the Ugunzu-Makangi village of the Aterlembe health area, Djugu territory, Ituri Province, DR Congo. Murine epizootics were also mentioned in the Makangi village. On 23 Feb 2020, the chief medical doctor of the Aungba health Zone  was appointed to visit the health center of Aterlembe for 2 days to investigate suspect bubonic plague cases. The head doctor Dr Delphonse Unen Ali reported on the same day (23 Feb 2020) on the outbreak. The nurse of the Aterlembe health center notified 2 suspected cases of bubonic plague. He reported that the index cases were 2 family members who presented with fever, headache, and painful buboes on 22 Feb 2020 at 2 health centers. After self-medicating for 6 days (16-22 Feb 2020), they consulted as ambulatory patients the Kpese health post and then the Yuku health center, both in the Aru health zone. A 2-year-old boy died on 21 Feb 2020 with symptoms consistent with that of bubonic plague (fever, painful buboes), the 2nd patient -- the 12 year old brother of the co-primary case -- tested positive for plague with the RDT [rapid diagnostic test] and is recovering. He presented with fever, painful buboes, and headaches. So far 16 contacts have been traced and treated with doxycycline, 27 households were dusted.

And during a typical year in the United States, 30,000 to 50,000 persons die as a result of the flu. Mortality rate of 5-10%
https://www.globalsecurity.org/security/ops/hsc-scen-3_flu-pandemic-deaths.htm

Careful, the flu kills much less than this, around 0,2% of infected people. 5-10% of people HOSPITALIZED end up dying.

Note that this "HOSPITALIZED" thing is significant, because it means once you are at a point where you need it, you better hope there is a good hospital available, unlike in Africa or Iran, or that 5-10% number doubles or triples.

[lightfoot]

is NextDNS any better?

Part of the problem is (in the US) *any* cloud service data can be demanded at any time without a warrant. This to me is annoying, but welcome to the warm delight that is the PATRIOT act. At least if you run your own DNS they will either have to hack it (pain to do), get a warrant (waah) or show up at your house with a battering ram.

Mileage may vary.

[aesma]

So my stock portfolio is going down. Most of it I can't do anything about it (company stock, must keep 5 years before selling, free stock as a compensation).

But my BTC portfolio is also going down !

Not that bad (for either) but still, I would have expected an inverse correlation, or at least BTC hodling better.

Gold is going up in the meantime, I know someone is gloating...

It helps to think in 5 year bricks.

Yeah but I planned to spend most of my cash and sell my stock this year to buy a house (keeping the BTC), now I might need to sell some BTC, not ideal.

With how things are accelerating with the virus, do you think it could be "over" in a way quicker than first thought, basically things going back to this being a "bad flu year" but no more going crazy with quarantines, closing plants, closing schools, stopping tournaments, things that are proving ineffective anyway, aside from hurting the economy ?

No. There is no stopping this thing. Until we have a working, reliable, cheap cure, we are dealing with the Big One.

I didn't mean stopping it, I meant the opposite, stopping trying to stop it.