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

[Lambie Slayer]

https://www.predictit.org/markets/detail/3633/Who-will-win-the-2020-Democratic-presidential-nomination

Bernie is officially done now. Its gonna be Biden or Trump in November. Both are much more Bullish for King Bitcoin than Bernie would ever be.

We just got a billion more potential hodlers in India all of whom can legally buy Bitcoin now.

Money printers are printing up a historical shit ton of money as we speak for the Flux4Bro AKA COVBULL-19.

The halvening is almost two months away.

JJG gave up text walls and went on an adventure.

Roach may be talking to a girl finally.

We have entered some kind of Transdimensional Hyperspace Bullish nexus point the likes of which I cant remember except maybe when we kicked Jihan Wu's ass and got Segwit handled.

[Lambie Slayer]

TLDR: Its just the Flu x 4 bro, and its hella bullish bc money printers are in hysteria right now.

Nah,
just explain quickly why.

Talking about positive cases.
50% are asyntomatic or low symptoms, cure at home, quarantine.
50% need hospitalisation.
25% (50% of previous 50%) need intensive care.
more or less 3% of total infected eventually die (5% of previous intensive care patient).

Now, think what happens if the positive cases skyrocket to a certain number, let's say HALF of the number of people normally infected by a regular flu.

What is the supply of intensive care beds?
What happens when we will be at full capacity?

Mortality rate will rise. Also because people need intensive care also for other reasons than Coronavirus.

Also, hospital procedures are slowed donw by quarantine/extra security needed whil dealing for CoVid19 profilax.

This is the dangerous aspect of COVID19, not the mortality rate per se.

SOURCE:
It is already happening, here in Italy.

My theory is based on the assumption that you have way more undiagnosed cases, hence the lower true mortality rate.
Thats why Diamond Princess is the perfect sample.

We know every single person except 14 got tested.

No other sample is like this for any town, village or city.

Your gov, like most others, either cant or wont test everyone who needs it so the mortality rate seems much higher than it is bc you dont know about all the undiagnosed cases.

I suppose I could clarify that the .4 percent mortality Slayer estimate is assuming the patients get decent healthcare, this would be skewed higher in cases where not enough ICU beds are available. Thats why I mentioned the more communist or socialist a government is, the higher the mortality rates will likely be bc govs suck at everything, including running a healthcare system.

Look at the example inWashington State where six died in a nursing home. Yes that sucks for them, but they were in a nursing home and probably the weakest ones there, so they likely would have died sometime in the next 6 months to a year. This virus will likely take a bunch of people who were about to die in 2020 sometime anyway, and just take them out all at once.

[Torque]

Money printers are printing up a historical shit ton of money as we speak for the Flux4Bro AKA COVBULL-19.

What's going to be funny as shit is seeing the media's reaction when this Coronavirus situation blows over.

They'll all be like, "Ok world, the virus is licked now, you all can go out and shop again! Have fun and spend freely!"

And it'll be fkn crickets.

Everyone was completely broke and deep in debt before the virus came, and so they sure as shit still will be after the virus runs it's course.

Nothing will have changed. There won't be any pent up demand. People will still stay home.

The global deflationary environment will still continue.

The Fed rates will eventually slide into the negative.

How long until all confidence in the USD is completely shattered? Tick tock, tick tock.

[VB1001]

Bridging the Bitcoin Gap: Why the American Crypto Landscape Is Ripe for Disruption

Moving toward crypto-positivity

By Catherine Coley, CEO + Founder, Binance.US
Not all is lost for mass digital adoption, but this is the conversation the crypto community continues to have with itself over and over and over again. How do we get more people buying, selling and hodling crypto?

In my view, we need clearer ways for more people to get involved and clearer regulation, more outspoken advocates to share their expertise and Americans to feel like they have a homebase for crypto trading.

What's encouraging to hear is that more Americans are getting involved in the digital asset community. In the last year, the number of Americans who own a cryptocurrency has almost doubled from 7.95% in 2018 to 14.4% in 2019 — an increase of 81% in one year.

As we’ve seen in recent weeks, when physical cash can provide a germy problem, crypto can act as a geopolitical safe haven for consumers to hold on to their capital in a secure way. We started Binance.US out of a need for a U.S.-native exchange that understands the nuances of the American crypto landscape, and we’ve already seen impressive movements from our work. We believe the benefits of becoming a crypto-positive country are unprecedented. There will be clearer transactions for businesses and a greater opportunity for financial wealth and growth for general consumers.

https://www.nasdaq.com/articles/bridging-the-bitcoin-gap%3A-why-the-american-crypto-landscape-is-ripe-for-disruption-2020-03

[d_eddie]

It's not a pendulum, it's a cycle. It can't restart before it has either completed or a specific type of event happens that resets it. The "pendulum" does not simply stop at the halfway point and then go in the other direction.

It kind of does. It swings one way until it can't anymore, gradually slows down to zero, reverses its direction and repeats the same action but mirrored, then it resets and begins a new cycle.

It's the same thing, in some sense. If you project circular motion onto any straight line coplanar with the circle, you get harmonic (pendulum) motion.

[Lambie Slayer]

Money printers are printing up a historical shit ton of money as we speak for the Flux4Bro AKA COVBULL-19.

What's going to be funny as shit is seeing the media's reaction when this Coronavirus situation blows over.

They'll all be like, "Ok world, the virus is licked now, you all can go out and shop again! Have fun and spend freely!"

And it'll be fkn crickets.

Everyone was completely broke and deep in debt before the virus came, and so they sure as shit still will be after the virus runs it's course.

Nothing will have changed. There won't be any pent up demand. People will still stay home.

The global deflationary environment will still continue.

The Fed rates will eventually slide into the negative.

How long until all confidence in the USD is completely shattered? Tick tock, tick tock.

Exactly. Everyone is stocking up on bleach and buttwipes, but I just am going to get plenty of popcorn and watch the show. 

[Phil_S]

I cant find any more reliable sample than the Diamond Princess.

Indeed it is a good sample.

Now let's multiple Diamond Princess sample size by a million.

Out of 3.6 billion adults, 700 million will get infected, 6 million will die.

I think humanity can handle it.

According to wikipedia, "Global human population growth amounts to around 83 million annually, or 1.1% per year."

[Paashaas]

SOURCE:
It is already happening, here in Italy.

Italy closing all schools and universities across the country and is set to close cinemas and theatres and ban public events across the whole country.

Decision will be decided in the next few hours.

[Raja_MBZ]

$9500 by 8th of March confirmed.

[Raja_MBZ]

It seems like Mike Bloomberg's drama finished already; he's no longer running for candidacy.

[Lambie Slayer]

I cant find any more reliable sample than the Diamond Princess.

Indeed it is a good sample.

Now let's multiple Diamond Princess sample size by a million.

Out of 3.6 billion adults, 700 million will get infected, 6 million will die.

I think humanity can handle it.

According to wikipedia, "Global human population growth amounts to around 83 million annually, or 1.1% per year."

Yes, indeed. Also when you adjust for the age skew of a cruise trip passenger population its probably about 3 million dead, and Id guess a very large chunk of those 3 million were gonna die in 2020 anyway as they represent the weakest members of our population in terms of health. You may see a large spike in deaths for a few months but Id guess the overall deaths for 2020 wouldnt be all that much higher than normal.

Kind of like letting a bunch of prisoners out of jail in the spring when most were already scheduled to get out that year anyway. You come back a year later and the prison population is pretty normal as it has refilled with criminals again.

These viruses go after the weak and compete for the same low hanging fruit.

For every elderly that the coronavirus kills, that may be one less death in 2020 from the flu as corona beats the flu to the punch. You will probably see a drop in deaths for 2020 across the board for heart disease, diabetes, flu, etc as coronavirus plays the early bird and gets the worms.

[fillippone]

SOURCE:
It is already happening, here in Italy.

Italy closing all schools and universities across the country and is set to close cinemas and theatres and ban public events across the whole country.

Decision will be decided in the next few hours.

Guys I am not kidding, the city where I live (does opsec means anything at this stage?) is looking like a big "28 Days Later" set.
No school
Work from home
Empty Restaurats
Empty Bars (unbelievable for an italian not to be able to drink a coffe standing at the bar counter)
No cinema
No gyms
Serie A matches being played with closed doors.
Do you watch Basketball? Armani Milano played vs Barcelona in an empty stadium, surreal.

[serveria.com]

$9500 by 8th of March confirmed.

Get your Vegeta memes ready! 

[jojo69]

no fucking way creepy uncle Joe beats Trump

this whole election thing just became decidedly less entertaining

of course, Joe has a pretty high probability of blowing his own foot off in time for a Sanders nomination

Sanders v Trump is the TV show we all deserve

[serveria.com]

Roach may be talking to a girl finally.

Roach finally met gembitz IRL. Since then they've been spending days and nights in bed together. gembitz visited WO several times but Roach got mad his bf distracted from sucking his D and so they both disappeared from WO for good.  

[JimboToronto]

Good morning Bitcoinland.

Sideways continues... currently $8752USD/$11670CAD (Bitcoinaverage).

Same old same old.

America get ready for another round of your favorite presidential election game: Giant Douche vs. Turd Sandwich.

I generally try not to step in the domestic politics of other countries but this was too hard to resist.



Same old same old.

 

[Torque]

no fucking way creepy uncle Joe beats Trump

this whole election thing just became decidedly less entertaining

of course, Joe has a pretty high probability of blowing his own foot off in time for a Sanders nomination

Sanders v Trump is the TV show we all deserve

What people have to understand is that it's the same shit either way.

One party wants to slow down the printing press, but wants to tax the middle class more to compensate.

The other party wants no more taxes on the middle class, but wants to keep the printing press going to compensate.

Either way, we're all fucked. The purchasing power of the dollar continues to fall, houses/things get more expensive, no one gets raises, everyone gets more in debt, etc.

[rolling]

no fucking way creepy uncle Joe beats Trump

this whole election thing just became decidedly less entertaining

of course, Joe has a pretty high probability of blowing his own foot off in time for a Sanders nomination

Sanders v Trump is the TV show we all deserve

Trump vs Sanders would be the largest landslide victory in the history of presidential elections. No one over 40 is voting for a communist in America. No way he gets even 30% of the vote on a national level. Sanders might have done ok if he didn't refer to himself as a socialist. People still remember the USSR (Union of Soviet Socialist Republics). In America, socialist means communism.

[jojo69]

Trump vs Sanders would be the largest landslide victory in the history of presidential elections. No one over 40 is voting for a communist in America. No way he gets even 30% of the vote on a national level. Sanders might have done ok if he didn't refer to himself as a socialist. People still remember the USSR (Union of Soviet Socialist Republics). In America, socialist means communism.

maybe, maybe not

I am over 50, the USSR collapsed when I was in college and is a dim and distant memory.

Sanders might energize millennial voters in unprecedented numbers.

Or, perhaps, it turns out as you say, a good spanking and reality check might serve to shut them up somewhat.

Only one way to find out.

[Ibian]

It's not a pendulum, it's a cycle. It can't restart before it has either completed or a specific type of event happens that resets it. The "pendulum" does not simply stop at the halfway point and then go in the other direction.

It kind of does. It swings one way until it can't anymore, gradually slows down to zero, reverses its direction and repeats the same action but mirrored, then it resets and begins a new cycle.

It's the same thing, in some sense. If you project circular motion onto any straight line coplanar with the circle, you get harmonic (pendulum) motion.

Yes, but a pendulum swings through the same space. A pendulum could not have been described with the four pictures someone posted recently.