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

[ssmc2]

Seriously though, this is going to be the last prime buying op of the century guys.

[jojo69]

so we're all selling our bitcoins right?

[BTCMILLIONAIRE]

so we're all selling our bitcoins right?

80x short.

[Raja_MBZ]

Breaking: Oil prices fall by over 20%.

Sh!t is real, that's for sure.

[Biodom]

Looks like Luc was right about heading down to test 200wma  

Yeah, I think we have a head and shoulders on the chart. Target is 6500 again

All those targets make no sense now.
The only question is: is this a one-off event which would dissipate in a couple of months OR is this is a reset of all economic activity that would resettle at a semi-permanent plateau that would last for at least several years. I still think that it is the former, but some here argue that it is the latter.
We shall see.

[JayJuanGee]

A lengthier (JJGish) way of making the same point is .........

You should not want to do that without adding: "#nohomo"







Would be just wrong.... 

 

[Raja_MBZ]

IMO, this sell-off seems like a fakeout by some big whales to make newbies think that bitcoin can't work as good as gold (and other safe-haven assets) during a global crisis (like coronavirus). Eventually, these whales should lose the sell-off power and bitcoin should get back on (bull) track.

i StIlL bEliEvE iT

[somac.]

semi-permanent plateau that would last for at least several years.

Not a chance. The central banks can not let a deflationary period happen. If the private banks can't keep credit creation going it is the end of our modern (crony) monetary system. There will be large amounts of printing, large amounts of stimulus, and all the other nice stuff we have experienced over the last 11 years.

We may experience a dip for a while, but it won't last.

[JayJuanGee]

Hey!!!!!!


Where da lil doggie go?

 

[OutOfMemory]

Hey!!!!!!


Where da lil doggie go?

 

I bet he went panic buying toilet paper  

[Biodom]

Hey!!!!!!


Where da lil doggie go?

 

teleported himself out of trouble.

[Raja_MBZ]

[gentlemand]

teleported himself out of trouble.

I feel deeply, deeply let down.

As soon as the irony stopped that mofo was dust.

[marcus_of_augustus]

Neither Biden or Sanders will be alive in November if they stay on the campaign trail.

Both are in the high risk elderly category and have serious underlying health problems (Sanders heart, Biden bood pressure (heart?)) and being on campaign trail it will be impossible to self-isolate from the SARS2 virus. Meeting with staff, public, pressing hands at fund-raisers they will be maximally exposed to social networks, it's part of the job description.

If I was a betting man I would put some money on the Democratic contender for president will NOT be Sanders or Biden, possibly someone under-60, Tulsi Gabbard? Pete Buttigieg?

[HairyMaclairy]

Remember folks, FoxNews says coronavirus is nothing to worry about. 

[Torque]

OT: Proof that oil markets are rigged and the people are getting screwed?

Crude oil basically falling since Oct 2018, crashing now 30%....

yet gas prices at the pump have barely budged since...well, 2013.  

[Cryptotourist]

Pity I missed all the TP/bidet/towel/ass-shit talk, I have a feeling that I would have thrived.

Can we elaborate on disposable baby wipes, now that oil is down please?
I've been using them for years.

Seriously, TP sucks.
Wipe off your ass perfectly clean (so you think) with TP, and then use a baby wipe.
You're welcome.

Basically it beats the shower and the hassle.
Especially if your ass is hairy.

Anyway, back to COV.

[somac.]

Well bitcoin may be down 10%. But oil is down 21% and S&P futures are down 4.5%. I wonder how much longer the central banks will remain silent.

Edit: here come the 7s. whos ready to panic

[somac.]

Pity I missed all the TP/bidet/towel/ass-shit talk, I have a feeling that I would have thrived.

Can we elaborate on disposable baby wipes, now that oil is down please?
I've been using them for years.

Seriously, TP sucks.
Wipe off your ass perfectly clean (so you think) with TP, and then use a baby wipe.
You're welcome.

Basically it beats the shower and the hassle.
Especially if your ass is hairy.

Anyway, back to COV.

Here's a hint, have high levels of fiber in your diet and most often you don't need to wipe at all. Metamucil is a big help here.

[marcus_of_augustus]

There is much afoot in the markets this week and it is just the beginning of a rolling crisis I feel now. Defaults are looming, Lebanon was a prominent one. Illinois has been teetering for a decade. Italy has huge non-performing loans problems. The virus crisis will precipitate a collapse of confidence and sense of panic that will bring to the surface many underlying institutional failures and secular trends that have been on the edge of breaking through the rosy propaganda into ugly reality. Others will use the times to make changes, big moves that were being considered for a long time before now. Bank failures, bail-ins, bail-outs, tax cuts, sovereign defaults all happening so quickly you cannot keep up. Central banks may go the helicopter money route to inject some life into economies blindsided by defaulting debts and financial failures. There is no appetite for propping up failed fat cats or making obscenely wealthy even more wealthy by the usual 'monetary  stimulation' tactics and they have become less and less effective at achieving the goal of stimulating the economy. Helicopter money it is, a few grand directly into every tax individual bank account.

Geopolitical moves and alliances may shift quite rapidly. The trade war in oil has blown up already and will get ugly before it is over. USA is now the major oil exporter but needs higher prices for shale to be economic. Russia and Saudi Arabia scrapping and dumping on the markets could lead anywhere from here. Many, many uncertain geopolitical outcomes are going roil the markets for sometime. Quite possibly military actions and wars could flare up. Ultimately the currency markets will need to revisit the broken Bretton Woods system, many of the geopolitical and financial crises of our era have at their root currency crisis. Gold, USD, CHF, BTC, digital fiat are all going to be in play. It's going to get crazy.