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

[Elwar]

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.

Thailand may be bass ackwards but at least they have the toilet thing figured out.

[soxxx]

Doubt any of us anticipated this but as long as we don't fall below $6400, we will just be setting another higher low.

Just more buying opportunities, Bitcoin is the gift that keeps on giving.

[Biodom]

Don't count on any previously reliable benchmarks if we hit circuit breakers tomorrow.
SP500 is at -4.9% according to the futures. Hopefully, it would recover by am.

https://finance.yahoo.com/news/rout-u-stock-futures-trigger-221631295.html

[BTCMILLIONAIRE]

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

Do we live in parallel universes or something?

If you truly believe that corona is anything but a non-issue then the least that you could do is point your fingers where they belong. Namely the WHO and MSM, which kept discounting corona while Trump was acting and Tucker talking about the issue in a serious manner.

By the way, since you didn't seem to quite get it the first time around. You can take serious and appropriate counter-measures to an issue you believe to be irrelevant. It's called being preemptive or cautious. Hedging against the worst case scenario.
Did you sell your house and all your belongings to go long on Bitcoin? No? Then clearly you don't believe in Bitcoin! Who cares about taking appropriate and measured steps!


Either way, now that Trump outplayed Democrats by asking for a quarter of what he ended up getting in funding to combat corona and now that the WHO and MSM are suddenly taking the issue more seriously you somehow start pointing at Trump and Fox?

https://www.youtube.com/watch?v=KBsPh1Rq0Fw
https://www.youtube.com/watch?v=lydWQoqDNp8

We have Trump acting way ahead of everyone else, and Tucker ringing the alarm bells while the rest of the world was still busy playing the SJW game.


As much as I understand that you desperately want Trump out of office, I'm somewhat surprised that you would be so far departed from reality.

[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.

Market bears think otherwise (note the timing BEFORE the correction), but it's just an opinion.
That dude is thinking that we will eventually (within a decade, I assume) will revisit SP500 667.
That would be gruesome.

So far, his thesis (laid down 20 years ago re negative bond yields) is prescient.
https://www.barrons.com/articles/s-p-500-could-test-2009-low-says-longtime-bear-1522957392
and (more recent)
https://www.barrons.com/articles/perma-bear-albert-edwards-sees-market-ice-age-looming-what-hes-worried-about-now-51581452731

Gold, USD, CHF, BTC, digital fiat are all going to be in play. It's going to get crazy.

Man, I was so down to spending the next few years just working and, hopefully, getting wealthier by btc investment.
Freaking fourth turning, right?

All sensible no doubt. But the one thing everyone fails to understand is that fiat money is just a unit a measurement and the central banks and governments effectively control this unit of measurement. If they want to change the measurement of the S&P to 10,000 points, they can do it, it is within their power. See any country with hyperinflation.

That's why these permabears are only right for short periods of time, they can't grasp the corruption of it all.

The problem with boosting assets though is the real economy, it doesn't care what the unit of measurement is. The real economy only cares about the real value of its components, and the real economy is made up of labor (peasants). Labor owns very few assets so having the S&P at 10,000 does not help them. Capital (rich fucks) on the other hand don't give a shit about the real economy, because they own all the assets, which, thank you central banks is at a very high level. This all equals bigger wealth divide.

So the permabears are right about the real economy, but wrong about the fiat numbers/units of measurements.

[HairyMaclairy]

Especially if your ass is hairy.

Hey now

[jbreher]

UK       206        2      0.97%

2 deaths from 206 positivies is a 0.097%.

Maths is hard.

[jbreher]

so we're all selling our bitcoins right?

Buying.

[BTCMILLIONAIRE]

so we're all selling our bitcoins right?

Buying.

You should be buying real gold and precious metals instead of fairy dust.

Where did Roach go?

[sirazimuth]

UK       206        2      0.97%

2 deaths from 206 positivies is a 0.097%. If they were using a simple spreadsheet that kind of error should not happen. That's why we can not trust any of those figures, and much less the skewed stats used as a data source.

check your decimal place dude.     it's  .97%

[bitserve]

UK       206        2      0.97%

2 deaths from 206 positivies is a 0.097%.

Maths is hard.

Lol.

Yeah, that's right, what was I thinking?

It is this which confused me:

Region   Positives  Death  P/D
China    80652      3070   3.81%
Italy    7375       366    4.96%
Germany  799        0      0
Spain    500        10     0.02%
US       2584       16     0.62%
UK       206        2      0.97%

The UK percentage is right, but it is the Spain one that is two orders of magnitude wrong.

[xhomerx10]

[d_eddie]

I thought they were for cunts.

Assholes are fine too.

[Elwar]

One thing to think about with the numbers of infected/recovered vs deaths..

I spent about 7 years doing modeling and simulations of military radio networks. We would have fake traffic passing through the network and at the end check to see the throughput.

We did a few simulations that had a short time period because it was simulating a full division battle. The results were very poor. A huge percentage of messages did not finish sending. The government would not accept such poor numbers so we were scrambling trying to figure out such low performance.

As I started combing through the failed messages I started seeing a pattern. Nothing was really blocking them, it was just that the simulation was cut off soon after they were sent (Like sending a message at 9:59 and the simulation ends at 10:00.

So I stopped all transmissions at the previous end of simulation and continued until about double the time. The throughput shot up to close to 99% (the government was satisfied with our numbers and funding continued).


There may be 1000 people infected, but the recovery takes 2-4 weeks for most people (from the time they start to show symptoms). This means that it will take about 4 weeks for those 1000 people to register as "recovered", in the mean time many more people are infected. The numbers are always shifting. Both the deaths and the number of recoveries. You need to look at the infected numbers of weeks ago and compare those to the current death and recovery numbers to get the accuracy.

[JimboToronto]

Good day Bitcoinland.
Seems like we've regressed to the
Battle for 8 grand.

Currently we're at
Eight one three six Yankee bucks
(Bitcoinaverage).

Back to where we were
Some time in January.
Oh well, no big deal

It is still true that
One bitcoin's worth one bitcoin
Holders are happy...

Holding and living
Happily ever after.
Life is very good.

[HairyMaclairy]

During the GFC, the SPX 500 fell about 55%. 

By comparison it is only about 15% down at the moment.  So we are a bit less than a third of the way into GFC style conditions. 

[Icygreen]

How about about the bond market yeild curves? The 10 & 30 year just fell off a cliff to ATL.


We may be witnessing the end of the petro dollar.

[jojo69]

so we're all selling our bitcoins right?

Buying.

wait what?

goddammit

I'm always getting this backward

[JSRAW]

someone found a way...

Timeline is same but different mindset
Edit : Parallel universe

[smartcomet]

Don’t panic
Maybe Remdesivir will save the world, just need some time to wait for the result of clinical trial.
As I know from the news, it is best medicine so far to combat the COVID-19.

Life is processes of waiting, and we have to enjoy them, even don’t like them.
We’ll see the medicine, the ATH, the future.