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

[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.

[xhomerx10]

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.

 You're shivering needlessly.  Your body is trying to warm you up to aid it in fighting the illness which is why you are shivering.  Instead of suffering like that, you could just get in a nice warm bath/shower.  It stops your body from shivering, relaxes your body (and mind), likely reduces any congestion you may be feeling and allows you to then curl up under the blankets and sleep like a baby.  Just don't let your temp go above 40.5°C (105°F) instantaneously or over 39.4 °C (103°F) for a longer than 48 hours.  Also it's best to have help getting in and out of the tub/shower as you may be dizzy.
 

 N.B. I am not a doctor but I stayed at a Holiday Inn Express last week.

[lightfoot]

You're shivering needlessly.  Your body is trying to warm you up to aid it in fighting the illness which is why you are shivering.  Instead of suffering like that, you could just get in a nice warm bath/shower.  It stops your body from shivering, relaxes your body (and mind), likely reduces any congestion you may be feeling and allows you to then curl up under the blankets and sleep like a baby.  Just don't let your temp go above 40.5°C (105°F) instantaneously or over 39.4 °C (103°F) for a longer than 48 hours.  Also it's best to have help getting in and out of the tub/shower as you may be dizzy.

Hm. I never thought of that. Thanks!

Wonder when the helicopters of money will start being dropped. My guess is it will only be on Red states, just prolonging the agony.

[bkbirge]

Plot that data on a graph with the x-axis going from 0 to 100% and you won't feel as much panic.

[Torque]

PSA Fun Fact:

'Shorting' is not the same as 'dumping'.

Shorting is when someone smarter than you is actually buying your coins that you just panic sold at a loss, because you have a spine of jelly.

This is why you are not wealthy.  

[Tash]

You're shivering needlessly.  Your body is trying to warm you up to aid it in fighting the illness which is why you are shivering.  Instead of suffering like that, you could just get in a nice warm bath/shower.  It stops your body from shivering, relaxes your body (and mind), likely reduces any congestion you may be feeling and allows you to then curl up under the blankets and sleep like a baby.  Just don't let your temp go above 40.5°C (105°F) instantaneously or over 39.4 °C (103°F) for a longer than 48 hours.  Also it's best to have help getting in and out of the tub/shower as you may be dizzy.

Hm. I never thought of that. Thanks!

Wonder when the helicopters of money will start being dropped. My guess is it will only be on Red states, just prolonging the agony.

Helicopter money is on the way in China. 10,000 yuan for poor people is a years wage. A whole family infected wipes of the loan, no worries.
Who can resist, just saying i may have it is worth a months wage.  How many will be fortunate enough to be sick. Treatment also available what can go wrong?
https://www.reuters.com/article/us-china-health-rewards/china-city-offers-1400-reward-for-virus-patients-who-report-to-authorities-idUSKCN20L0GE?utm

China is full of good ideas

[JSRAW]

WB nanobtc, I hope and wish everything is fine with the seniors and you...

[jbreher]

(Run your own DNS servers ffs)

Intriguing. I always pictured being a DNS server would require industrial grade infrastructure. Do you run a DNS server?

HEY! Maybe my Namecoin will be worth something someday.

[2020VISION]

PSA Fun Fact:

'Shorting' is not the same as 'dumping'.

Shorting is when someone smarter than you is actually buying your coins that you just panic sold at a loss, because you have a spine of jelly.

This is why you are not wealthy.  

insider dumping = NAKED shorting    ~you new here? lol

[Torque]

PSA Fun Fact:

'Shorting' is not the same as 'dumping'.

Shorting is when someone smarter than you is actually buying your coins that you just panic sold at a loss, because you have a spine of jelly.

This is why you are not wealthy.  

insider dumping = NAKED shorting    ~you new here? lol

Fuck off n00b troll. Been here waaay longer than you.

[jbreher]

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.

I used to love the heavy click in the keys of an IBM 5250 terminal. These days, I'm happiest with a MacBook Pro keyboard. Go figure.

I do still have an old IBM keyboard with the heavy click and the DIN connector lying about somewheres.

[psycodad]

(Run your own DNS servers ffs)

Intriguing. I always pictured being a DNS server would require industrial grade infrastructure. Do you run a DNS server?

HEY! Maybe my Namecoin will be worth something someday.

One of my secondary DNS servers for >100 zones + backup resolver for ~80 nodes, doing 2 queries/s over 24h avg runs on an embedded 486-class embedded system with no complaints since years.

For home or SoHo, an old embedded system that can run Linux w/ at least 64MB RAM will do just fine.

[lightfoot]

(Run your own DNS servers ffs)

Intriguing. I always pictured being a DNS server would require industrial grade infrastructure. Do you run a DNS server?

HEY! Maybe my Namecoin will be worth something someday.

Pair of them. Oddly enough I ran them on a Sun 386i back in the 1990's, think 25mhz 386 CPUs.

BIND is a bit of a pain to configure, but not really that bad once you start working on it.

[d_eddie]

PSA Fun Fact:

'Shorting' is not the same as 'dumping'.

Shorting is when someone smarter than you is actually buying your coins that you just panic sold at a loss, because you have a spine of jelly.

This is why you are not wealthy.  

insider dumping = NAKED shorting    ~you new here? lol

Fuck off n00b troll. Been here waaay longer than you.

Maybe not so noob as it seems. That guy reeks of gembitz ;-)

[d_eddie]

In which case Bitcoin will not go up. Fiat will simply go down.

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)

Doesn't Mozilla obey to your OS network settings?

[lightfoot]

Meantime it's fun to watch the stock markets implode. I wonder if Europe will do better/recover quicker as they are somewhat more intelligent than the current US leadership.

1,000 point stock market drop is a yawn when you have been HODLing bitcoin. Still I wonder when companies will start firing workers en masse.

[lightfoot]

In which case Bitcoin will not go up. Fiat will simply go down.

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)

Doesn't Mozilla obey to your OS network settings?

Used to, but apparently there is a new "feature" where DNS lookups are passed to the "cloud" rather than going through your local resolver.

[d_eddie]

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 ?

If the news from Israel is to be believed, we're on our way to a vaccine. With fast track approval from the Ministry of Health, it might be available in 3 months. Someone posted an interesting link a few pages ago, sorry I can't remember who it was (not V8 though).

[xhomerx10]

This is very strange.  Bitcoin correction with no trolls... I'm perplexed.  Did the novel corona virus get them?