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

[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...

[1714782405]

1714782405

[1714782405]

1714782405

[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.

[bitserve]

I still think BTC could be around 10-12K before the halving... but those dreams about $100K any time soon (ie in 1-2 years) still look to me to me just like that: Dreams.

Hope they do realise some day though.

[rdbase]

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

I like it! He should copyright their branding on it immediately!
https://www.zerohedge.com/health/coronavirus-reappearing-weeks-later-discharged-patients
So if corona comes knocking he can get that virus money aka.fiat!
https://www.independent.co.uk/life-style/food-and-drink/coronavirus-corona-beer-loss-money-outbreak-pandemic-symptoms-a9364371.html
"Sitting back and having a corona!"
https://www.youtube.com/watch?v=bQO1bQgUrws
Yes, too soon.

[Last of the V8s]

[Ibian]

How many here are into stocks anyway? I never had the means pre-bitcoin but also no interest, especially now.

[Raja_MBZ]

I still think BTC could be around 10-12K before the halving... but those dreams about $100K any time soon (ie in 1-2 years) still look to me to me just like that: Dreams.

Hope they do realise some day though.

$100k might be not possible in 1-2 years, but touching $50,000 at least once by the end of 2021 still looks quite possible to me.