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

[lightfoot]

Still fail to see how that's worse than current default DNS hijacking by ISPs?
https://en.wikipedia.org/wiki/DNS_hijacking#Manipulation_by_ISPs

Centralized. FBI just goes to one source (Cloudflare) for all their shopping needs.

Also remember the golden dot.com rule: If you're not paying for the product, you are the product. CF isn't doing this for the love coming from their warm hearts.

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[lightfoot]

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...

Welcome to 2008. I remember when Gold, stocks, and just about everything was going down. It was a fucked up time. And here we go again.

[LUCKMCFLY]

Good point.

Bitcoin has been UNCORRELATED to other asset classes.

If stocks drop, this does not mean Bitcoin has to pump. If gold prices climb, this does not mean Bitcoin will rise with it everytime.

Not negative or positive. UNcorrelated.

Narratives will come & go.

Source: https://twitter.com/VentureCoinist/status/1232671637130088449

[lightfoot]

You will know it's bad (and this chart is accurate) when you hear Republicans suddenly clamoring for "early voting".

[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...

Welcome to 2008. I remember when Gold, stocks, and just about everything was going down. It was a fucked up time. And here we go again.

I guess if it goes really bad and lasts a bit, I might buy the house cheaper (still have a good chunk of cash fortunately, and mortgage rates are crazy low).

[aesma]

I wonder how much lower it is, taking into account some people won't go see the doctor at all.

Typically me, I usually beat any illness with a good night of sleep/some shivers under a blanket.

[lightfoot]

I guess if it goes really bad and lasts a bit, I might buy the house cheaper (still have a good chunk of cash fortunately, and mortgage rates are crazy low).

Pretty much. What saved me in 2008 was having a small metal box with some cheap shit silver coins, a couple of gold coins, and probably a K in cash. I ran my fingers through it and pretended to be a pirate. Thus I felt I had wealth and didn't sell my stocks and such.

Always have something you can draw down in a crisis so you don't have to panic sell everything. Looks like gold at the moment is holding at 1700 ish, so that's not too bad of a deal if you need some quick cash. Now, can the virus live on gold coins?

[Globb0]

Can anyone confirm in Italy there was a news people infected with a virus and they were not in any contact with other infected people?

Of course they were in contact in some way. They just didn't know it. Maybe they use the door knob on the same bathroom then touched their face. This thing is contagious, possible R0 of 6, most in a months time few people are going to know where they caught it.

How do you know that? What if they didn't have any contacts with nobody?

What? a virus does not just spontaneously create itself or teleport from one location to another. I know that doesn't happen because science.

it could be using 5G

[bkbirge]

BTF....oh nevermind.

[bitebits]

Corona FUD, China FUD, long term it makes no difference. Just a blip on the radar. It is cliché but really just buy some if you can.

The way I see current events:

[fragout]

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

During a typical year in the United States, 30,000 to 50,000 persons die as a result of influenza viral infection. Frequently cited numbers are 20,000 deaths each year, and 37,000 annual deaths. About 5-10% of hospitalizations for influenza lead to fatal outcome in adults.

[bkbirge]

https://cointelegraph.com/news/fed-coronavirus-rate-cut-may-beat-bitcoin-inflation-after-2020-halving

The United States Federal Reserve will cut its interest rate target to compete with Bitcoin (BTC) post-halving, traders believe.

[bkbirge]

These kinds of people are poison for the industry as a whole, regardless of how damaging they are in other sectors also...
https://cointelegraph.com/news/philippine-cryptocurrency-regulator-accused-of-misappropriating-millions

Lambino allegedly charges each cryptocurrency company applying to operate under CEZA $100,000 for principal licensing fees plus an application fee of $100,000. However, the intelligence report purports that Lambino records having only $3,000 in the receipt for these fees, suggesting that he is embezzling the other $97,000.

[xhomerx10]

Can anyone confirm in Italy there was a news people infected with a virus and they were not in any contact with other infected people? There are also some news about the cured people who get the virus again.

  IMO they released people from the hospital where they were quarantined too soon in a rush to free up beds for newly infected people needing emergency treatment.  Rather than admit this, they are using the term "reinfected" to save face.  I'm sure healthcare systems worldwide are going to be taxed by this sudden onslaught so it's not surprising.

[dragonvslinux]

Gap filled!

On closer inspection the CME support confluence is notable. TD 9 buy signal, VPVR point of control, bouncing off the gap, 50 Day MA:



Just need some volume to return but institutions are panic selling other markets right now 
Happy HODL days  

[Searing]

Well ...interesting....GOLD is down..due to use in manufacturing will slip....stocks are down..bitcoin/crypto is down...so this whole

BTC/Crypto use for 'bad times' is coming to pass...too bad, IMHO, BTC/Crypto is being dumped first, because of ease of use.

Especially in that, you don't want to take the time to sell your stocks..or gold or whatever ...but 'damn' i can liquidate BTC/Crypto

'fast' to fill my 'empty emergency fund' in case of layoffs because my company can't get China Widgets.

So BTC/Crypto is indeed fulfilling its catastrophic and/or emergency use...I just wish it was not so frigging likely for folk

to 'prudently' dump such first, because of ease of liquidation. Shoulda saw this coming in 20/20 hindsight.

[Icygreen]

In other news, watch out: Latest Mozilla update wants to route your DNS queries through cloudflare. Which since it's an internet provider means the Govt will be able to see all of your queries without a warrant.

(Run your own DNS servers ffs)

wonderful. ive donated to them numerous times.

https://mullvad.net/en/

Use it people. And yes, they accept bitcoin and zero KYC.

+1
I've been with them last 10 months, nice service IMO. good speeds, great privacy, plenty of hosts to choose from. $80 VALUE paid in BTC per year. 5 devices, monthly updates.  Although I can't compare with many others, this is my first paid experience.

[Febo]

Well ...interesting....GOLD is down..due to use in manufacturing will slip....stocks are down..bitcoin/crypto is down...so this whole

That is what happens in recessions. Everything loses value. Difference is that some asset recovers faster then others. But officially we will wait many months for a recession.  So do get used to of what happened the last week, because we will see a lot of it in the upcoming year.  


Recession is/was/will be inevitable. It should happen 2 years ago or will happen 2 years from now if not now. We should just accept it. And no matter how low Bitcoin price will go it is and already was good for Bitcoin. When people learned about Bitcoin in 2012 and 2013 and 2014 and 2015 and ..  there was no recession, but they were thinking back then. If I would have all my wealth in Bitcoin in 2008 it would be totally different.  So will people think a year and two and 10 years after this recession. Just that now they will have real examples.

[fillippone]

Good point.

Bitcoin has been UNCORRELATED to other asset classes.

If stocks drop, this does not mean Bitcoin has to pump. If gold prices climb, this does not mean Bitcoin will rise with it everytime.

Not negative or positive. UNcorrelated.

Narratives will come & go.

Source: https://twitter.com/VentureCoinist/status/1232671637130088449

Totally agree with the above tweet.
Digital gold, or “anti-fragile” asset class are still narrative, not corroborated by numbers.

Positive fact:
We are still early in the adoption cycle: staking sats is still a good idea!

Fun fact.
If digital gold narrative gets traction, actually the correlation with gold would be negative. If bitcoin would prove a reliable store of value, then price of gold would drop to the “intrinsic” or industrial value, being the price stripped of the financial value. I suspect this would also happen also to other asset classes (like real estate, I guess)

[nanobtc]

[snip]
Why can’t the first entry be bigger sized? Then afterwards DCA.... but a bigger buy gives some kind of commitment imo, a solid base to start working up on...

Of course, adjust this to your needs and abilities. I am all in favor of bigger buys, and commitment to BTC is good. I am not an expert, just my observations. Gysur mentioned newbs, so my wall o' text was geared to beginners. If newbs can make a larger first entry, so much the better!

Any big buy could subject you to anxiety (I LOST XXXX PESOS/DOLLARS/EUROS! OMG!). DCA encourages you to be calm. It goes up? Buy your regular amount. It goes down? Buy your regular amount. DCA teaches you patience, and is best experienced over some larger period of time.