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

[rdbase]

Good morn Bitcoinland.
Have a nice haiku Sunday.
Still going sideways.

The current price is
Eight five six five US bucks
(Bitcoinaverage)

Go go Bitcoin go.
Go go Bitcoin go go go
Go Bitcoin go go.

- 38% of Americans wouldn't buy Corona beer because of the coronavirus.

I bought it because funny. But only once, now I won't buy it because it tastes like horse piss

I've never tasted horse piss but I imagine it tastes like Corona. What do they expect when it's bottled in clear glass.

There's a reason why beer is bottled in brown glass (or at worst green) in most places. It cuts down on UV light and keeps beer from becoming prematurely skunky.

Corona is pre-skunked. It's bad enough here in Mexico where it's considered cerveza turista, but by the time it's traveled to other countries, it's pretty dismal.

https://knowyourmeme.com/photos/242934-the-most-interesting-man-in-the-world

[gallianooo]

There is very little left for Bitcoin Halving, and the world with a developing Fundamental like Coronavirus, gold loses 7%, great opportunity to buy and Hodl now more than ever.

#Bitcoin  halving 2 months to go .. 2 more blue dots, then REDCohete

For new followers:
- Original S2F model article (22/3/2019):
https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
- S2F model and EMH article (17/1/2020):
https://medium.com/@100trillionUSD/efficient-market-hypothesis-and-bitcoin-stock-to-flow-model-db17f40e6107

Source: https://twitter.com/100trillionUSD/status/1234105954930741250

So you really think bitcoin will reach $100k this year or the next one?   You're serious?  

According to the graph, $100k will be reached sometime in 2022.


2022, 2023, 2025, who cares? The main thing is that $100k will be reached.

Sit back, relax, and HoDL. This is fine.

BIG difference between reach 100K (and more) and stay above for a while...

According to PlanB, "must" be reach before end 2021.

IMO, can be really possible, even before end 2021. When you will reach first, the previous ATH, then you can have a peak at 100K$ or 300k$, nobody can affirm.

[Ibian]

The main problem is not the virus itself. It's the fact that our supposed leaders and protectors are intentionally ignoring or even deliberately making it worse. And also the secondary effects, such as empty store shelves and general panic.

ahem

Let's stop being so damn paranoid.

I don't know what kind of point you are trying to make.

[JimboToronto]

Corona is pre-skunked. It's bad enough here in Mexico where it's considered cerveza turista, but by the time it's traveled to other countries, it's pretty dismal.

https://knowyourmeme.com/photos/242934-the-most-interesting-man-in-the-world

Salud!

[hodl_2015]

Finaly.

[nutildah]

Corona is pre-skunked. It's bad enough here in Mexico where it's considered cerveza turista, but by the time it's traveled to other countries, it's pretty dismal.

https://knowyourmeme.com/photos/242934-the-most-interesting-man-in-the-world

Salud!

Both better choices over Corona. I'd say Pacifico is as well, but I draw the line at Modelo...

I'd drink Corona with a lime, though. Makes it a bit smoother.

People should have stopped drinking Corona already, but they had excellent marketing.




But I don't think anything is going to help them overcome their current problems, not even this...

[qwizzie]

$8488

Will it go below $8421 and possibly trigger a more severe sell off ? Stay tuned...

[JL0]

We need to stay above the 20WMA and $8500

The bears must be punished

[Phil_S]

Ouch. How low can we go?

What would be the March bottom?


I guess we can dip into low 8xxx... but should recover by April, hopefully.

[rdbase]

Both better choices over Corona. I'd say Pacifico is as well, but I draw the line at Modelo...

I'd drink Corona with a lime, though. Makes it a bit smoother.

People should have stopped drinking Corona already, but they had excellent marketing.



But I don't think anything is going to help them overcome their current problems, not even this...

WO +1 merit sent if I had any
So to get you to 2800 mark!
It just looks good.

$8488

Will it go below $8421 and possibly trigger a more severe sell off ? Stay tuned...

I see it at $8474 on preev (I know bitstamp price is only allowed on the thread! ) and going down but its the weekend.

Ouch. How low can we go?
What would be the March bottom?
I guess we can dip into low 8xxx... but should recover by April, hopefully.

Don't know why since Australia court judge ruled yesterday bitcoin is legitimate collateral to pay off the plaintiff, this court case which is still ongoing.
Meaning, It is just as legal as fiat.
https://cointelegraph.com/news/australian-judge-says-crypto-is-a-legitimate-investment-vehicle

Good to know bitcoin can't be a fake like gold can via branding.
https://twitter.com/Reuters/status/1166785015872548864

[fillippone]

Going back to the base.
Bye bye mountain hut.
Hello COVID infected city:

Italy Cases Surge 50%; U.S., Japan Warn on Travel: Virus Update

Sunday, March 1, 2020 06:24 PM
By Bloomberg News

WHO says no pandemic; Rhode Island reports first infection
U.S., Australia, Thailand report deaths; Mideast markets slide
(Bloomberg) --Italy reported a 50% surge in new coronavirus cases as deaths reached 34 while the U.S. and Japan issued “do-not-travel” warnings for affected regions of Italy and South Korea.
Iran reported a jump in infections and 11 deaths as the World Health Organization prepared to send a larger team and the government planned a crackdown. The U.S., Australia and Thailand had fatalities.

The U.S. will speed distribution of tests to help states diagnose the illness. Middle East markets slumped as more cases were announced.

Key Developments

Iran infections almost double; cases in Spain jump
South Korea added 586 cases, taking total to 3,736 with 18 deaths
First U.S. death in Washington State as governor declares emergency
China reported 35 new deaths -- the lowest in three days
Czech Republic reports first cases

[LFC_Bitcoin]

Ouch. How low can we go?

What would be the March bottom?


I guess we can dip into low 8xxx... but should recover by April, hopefully.

I imagine there will be a FOMO run up to the halving where we go over $10,000 again.

[jbreher]

There is very little left for Bitcoin Halving, and the world with a developing Fundamental like Coronavirus, gold loses 7%, great opportunity to buy and Hodl now more than ever.

#Bitcoin  halving 2 months to go .. 2 more blue dots, then REDCohete

For new followers:
- Original S2F model article (22/3/2019):
https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
- S2F model and EMH article (17/1/2020):
https://medium.com/@100trillionUSD/efficient-market-hypothesis-and-bitcoin-stock-to-flow-model-db17f40e6107

Source: https://twitter.com/100trillionUSD/status/1234105954930741250

So you really think bitcoin will reach $100k this year or the next one?   You're serious?  

Would not astonish me.

[d_eddie]

There's a reason why beer is bottled in brown glass (or at worst green) in most places. It cuts down on UV light and keeps beer from becoming prematurely skunky.

Corona is pre-skunked. It's bad enough here in Mexico where it's considered cerveza turista, but by the time it's traveled to other countries, it's pretty dismal.

Indeed, the white glass doesn't stop algae and other nice light depending organisms from thriving. The resulting skunk is the reason why people often drink Corona with a slice of lime stuffed in the bottle.

[d_eddie]

Virus talk? Boring.
Bitcoin? Not too interesting.
Haikus still a thing.

[serveria.com]

So you really think bitcoin will reach $100k this year or the next one?   You're serious?  

Yes I really think BTC will reach $100k this year or next one. This bear talk is quite typical for bitter nocoiners or lowcoiners looking to fill their bags... no it won't work.   

[BTCMILLIONAIRE]

So who else thinks markets (stocks) might be crashing more because of the election than because of corona, with corona just sparking the sell-off?
If Trump somehow did not manage to get re-elected things would be looking pretty bad for the economy.

Not that Sanders would manage to get anything passed that would raise spending by $100 Trillion USD, which by the way is way more than the $83 Trillion of the M3 supply of the entire planet, but he'd still be a significant downgrade that would devastate the markets.

Potential long opportunity come November?

There is very little left for Bitcoin Halving, and the world with a developing Fundamental like Coronavirus, gold loses 7%, great opportunity to buy and Hodl now more than ever.

#Bitcoin  halving 2 months to go .. 2 more blue dots, then REDCohete

For new followers:
- Original S2F model article (22/3/2019):
https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
- S2F model and EMH article (17/1/2020):
https://medium.com/@100trillionUSD/efficient-market-hypothesis-and-bitcoin-stock-to-flow-model-db17f40e6107

Source: https://twitter.com/100trillionUSD/status/1234105954930741250

So you really think bitcoin will reach $100k this year or the next one?  You're serious? 

Would not astonish me.

Next year looks more than reasonable, this year not impossible.

[Phil_S]

Ouch. How low can we go?

What would be the March bottom?


I guess we can dip into low 8xxx... but should recover by April, hopefully.

I imagine there will be a FOMO run up to the halving where we go over $10,000 again.

Yeah, people keep saying nothing happened on previous halvings, but I noticed our badger prefers NOT to follow past patterns, so I think there is a good chance we'll get a decent pump in May.

[JimboToronto]

Virus talk? Boring.

Actions speak louder than words.



 

[Ibian]

One of the guys who do regular corona updates is calling it the honey badger virus.