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

[lightfoot]

Dedicated to all WO electro-synth fans:

Jean-Michel Jarre - Oxygene, Pt. 17

Getting in the mood for what's coming...

Wow!

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[lightfoot]

Yes holy water being drained in churches too

WHERE IS YOUR GOD NOW?

I'm interested in seeing what the death rate per capita is in the various US states.

Will Red states suffer more due to their ignorance and love of "real facts"?

Will Blue states suffer more due to their Godless ways and lack of prayer?

Reality exists, time to place your bets.

[vapourminer]

Yes holy water being drained in churches too

WHERE IS YOUR GOD NOW?

I'm interested in seeing what the death rate per capita is in the various US states.

Will Red states suffer more due to their ignorance and love of "real facts"?

Will Blue states suffer more due to their Godless ways and lack of prayer?

Reality exists, time to place your bets.

the important question is: what are the rates in the Citadels?

[Last of the V8s]

Flipping bloody Waitrose was sold out of wild smoked salmon and had to buy the farmed muck.
#ithasbegun #howarewemeanttolive

[Phil_S]

time to switch to jellied eel.

[Lambie Slayer]

https://www.cnbc.com/2020/03/01/awaiting-us-stock-futures-open-at-6-pm-after-wall-streets-worst-week-since-2008.html

via Imgflip Meme Generator

COVBULL-19 at it again.


Stock futures down, setting up the 8th consecutive down day. Bitcoin the Global Safe Haven Supreme is up almost 4 percent.

Once the Stock Boyz start to catch on to our superior store of value attributes the pumping will be mind boggling.

 

[LUCKMCFLY]

This may mean a good omen for the speedy price recovery.

CME futures linked to the pair also notched higher by 3.57 percent, signaling a renewed bullish sentiment into the beginning of the new week.

Traders considered bitcoin and gold to behave as havens against the turmoil in risk-on assets. But with all of them falling in tandem, it showed investors were merely speculating on bitcoin and gold: Buying them at lows and selling them at highs.

Yield curve and US treasure bonds collapsing. Look at the stock market going down is exiting, but the real threat is in the bubble debt Bonds... buy gold and #bitcoin...

Twitter: https://twitter.com/javierbitcoin/status/1234438819124011008

Source: https://www.newsbtc.com/2020/03/02/bitcoin-jumps-alongside-gold-on-fiscal-stimulus-sentiment/

[Cryptotourist]

Regarding the carnival that was canceled in Greece, well, not really.
What was eventually canceled, was the parade and the authorities support - after mayors were threatened with jail time if they disobeyed.

What happened was great masked/themed parties throughout the cities & clubs, probably even better than they would have been - exactly because of the lack of the parade(s).
The people were already there. Nobody gave a fuck.

[BTCMILLIONAIRE]

Volatility absolutely equals risk.

No, it most certainly does not.
If you had a constant upward trajectory with a slope of p, then any "constant" (e.g. predictable) form of volatility around that trajectory would provide a 100% risk-free and arbitrarily volatile long-term investment with an expected positive annual return of p.

In other words, volatility can but need not be a factor in risk.

[BTCMILLIONAIRE]

https://www.cnbc.com/2020/03/01/awaiting-us-stock-futures-open-at-6-pm-after-wall-streets-worst-week-since-2008.html


COVBULL-19 at it again.


Stock futures down, setting up the 8th consecutive down day. Bitcoin the Global Safe Haven Supreme is up almost 4 percent.

Once the Stock Boyz start to catch on to our superior store of value attributes the pumping will be mind boggling.

 

All I want is a massive crypto bull run parallel to a massive stock crash. Then flip things around shortly after.

[BTCMILLIONAIRE]

Source

A brief history lesson. Hitler and Stalin breathed oxygen.
Trump breathes oxygen. Want to guess what happens next?

In other words, this is retarded.

[Ibian]

https://twitter.com/Coronavirus_Guy/status/1234204006810935301
tl;dr carnivores are 100% immune to the pox /jk

This is interesting. Different people eat different things, which obviously implies biological differences.

It is well known that a lot of animals have sub-races within the same species. One example is ants, where some of them are workers while others are soldiers who protect the hive. They are the same specie, but the soldiers are several times bigger than the workers and they do not work, only fight to protect the hive.

Another example is a type of rodent (i forget which). They live in underground caves, but some of them don't really do much. They are bigger than the others, and they just laze around and eat a lot. However, when the rain comes they serve a very important function. They waddle up to the entrance of the cave, and plug it with their big fat butt. An easy and lazy life in exchange for a risk of being eaten by a wandering predator.

What about humans? We used to live in tribes. Some men would spend most of their time in camp, building clay pots and playing with the kids, while others would be out hunting animals (or other humans), risking their life to protect and provide for the tribe. It is possible (and I would say seems reasonable) that there are genetic differences between different types of men. At the least, we can say for sure that there are psychological differences.

Does diet correlate to psychological traits? I have never seen any studies about this, but I would guess that it does. Different lifestyles obviously require different physical abilities and different ways of thinking, it would make sense that that means different types of food are optimal.

Maybe, just maybe, this virus is more likely to be fatal for soyboys than normal men. Would be very interesting to see some statistics, once we have enough samples.

[psycodad]

Regarding the carnival that was canceled in Greece, well, not really.
What was eventually canceled, was the parade and the authorities support - after mayors were threatened with jail time if they disobeyed.

What happened was great masked/themed parties throughout the cities & clubs, probably even better than they would have been - exactly because of the lack of the parade(s).
The people were already there. Nobody gave a fuck.

Unlike northern Switzerland where a lot of people also didn't give a f*ck that all carnival activities were officially cancelled and actually forbidden, so police went and closed down all restaurants for a day to make sure partying folks really go home.
Funny enough the carnival 1km over the border in southern Germany was carried out as normal.

In Switzerland currently all sports events are completely forbidden and no games will take place (no hockey playoffs, football season interrupted and most probably the hockey world championship in May will also be affected if not cancelled).

Meanwhile medical emergency stations are overran by idiots with a running nose that want to be tested against THE flu. Canned food, milk, sugar, flour shelves are constantly restocked to fill demand as people are hoarding food.

And in other news, my Chinese contacts start to tell me that business is starting to resume around Shenzhen this week and they are ready to ship within the next days.

My popcorn is stocked up to a 4 week supply.

[Lambie Slayer]

Making a run for Vegeta.

[bkbirge]

The Chicken Littles in banking say the sky is falling again...
https://cointelegraph.com/news/bank-of-england-warns-crypto-adoption-may-impact-credit-creation

Jon Cuncliffe, the deputy governor for financial stability of the United Kingdom’s central bank, the Bank of England (BoE), has warned that the emergence of a cryptocurrency economy may weaken or eliminate bank credit issuance.

[El duderino_]

Back above $10k USD/BTC by Friday.

[nutildah]

Volatility absolutely equals risk.

No, it most certainly does not.
If you had a constant upward trajectory with a slope of p, then any "constant" (e.g. predictable) form of volatility around that trajectory would provide a 100% risk-free and arbitrarily volatile long-term investment with an expected positive annual return of p.

In other words, volatility can but need not be a factor in risk.

If 'ifs' and 'and' were pots and pans, well, guess what happens next.

Again, a "constant upward trajectory" creates zero volatility. You have the same gain being made on a daily basis, which means it has a standard deviation of zero across any given time period, which means it has a complete lack of volatility.

Anything that moves up or down to any varying degree is volatile, and therefore subject to risk (I suppose the exception would be if it only ever moved in the up direction to varying degrees, then you could have volatility with zero risk). If you are a long-term trader, then sure, the overall trend of bitcoin has been up, but that does not mean that it completely lacks volatility and risk.

[El duderino_]

Not as nice as 5-dig, but I do like the 8888 looking price a lot on this particular Monday

[BTCMILLIONAIRE]

If 'ifs' and 'and' were pots and pans, well, guess what happens next.

Irrelevant to the argument. I was giving you an example of a volatile investment with negative risk to show to you that your understanding of volatility is wrong.

Again, a "constant upward trajectory" creates zero volatility.

Reading comprehension.
I was never talking about "constant upward trajectory", but about "constant upward trajectory with volatility around the trajectory"; or in other words random deviations from the trajectory. In the long-term volatility is very often irrelevant, in the short term it may, but need not necessarily increase risk.

Volatility, in essence, is nothing but a random oscillation around a potentially unknown trajectory.
This, again, means that you can have assets of arbitrary volatility that fall into all three categories of: 1.) negative risk 2.) positive risk and 3.) neutral risk.

If you are a long-term trader, then sure, the overall trend of bitcoin has been up, but that does not mean that it completely lacks volatility and risk.

Bitcoin is just one of a countless number of assets and has no relevance to the definition of volatility.
It may serve as an example for an asset with high volatility and negative risk (e.g. an expected long-term return greater zero) that may, despite having a positive expected return, still reduce your capital to ashes; which makes it a rather interesting case.
But that does not imply that all volatile assets are risky.

[infofront]

https://twitter.com/Coronavirus_Guy/status/1234204006810935301
tl;dr carnivores are 100% immune to the pox /jk

This is interesting. Different people eat different things, which obviously implies biological differences.

It is well known that a lot of animals have sub-races within the same species. One example is ants, where some of them are workers while others are soldiers who protect the hive. They are the same specie, but the soldiers are several times bigger than the workers and they do not work, only fight to protect the hive.

Another example is a type of rodent (i forget which). They live in underground caves, but some of them don't really do much. They are bigger than the others, and they just laze around and eat a lot. However, when the rain comes they serve a very important function. They waddle up to the entrance of the cave, and plug it with their big fat butt. An easy and lazy life in exchange for a risk of being eaten by a wandering predator.

What about humans? We used to live in tribes. Some men would spend most of their time in camp, building clay pots and playing with the kids, while others would be out hunting animals (or other humans), risking their life to protect and provide for the tribe. It is possible (and I would say seems reasonable) that there are genetic differences between different types of men. At the least, we can say for sure that there are psychological differences.

Does diet correlate to psychological traits? I have never seen any studies about this, but I would guess that it does. Different lifestyles obviously require different physical abilities and different ways of thinking, it would make sense that that means different types of food are optimal.

Maybe, just maybe, this virus is more likely to be fatal for soyboys than normal men. Would be very interesting to see some statistics, once we have enough samples.

So, maybe testosterone is the cure. We should just throw infected men into a pit to fight over a slab of bacon.

Also, you remind me of the Japanese concept of grass-eating men