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

[Lambie Slayer]

Get paid to have coronavirus: Scientists will pay volunteers £3,500 to be infected in experiments to develop a vaccine.

https://www.dailymail.co.uk/news/article-8090761/amp/Get-PAID-coronavirus-Scientists-London-pay-volunteers-3-500-develop-vaccine.html?__twitter_impression=true

via Imgflip Meme Generator

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[nutildah]

Get paid to have coronavirus: Scientists will pay volunteers £3,500 to be infected in experiments to develop a vaccine.

https://www.dailymail.co.uk/news/article-8090761/amp/Get-PAID-coronavirus-Scientists-London-pay-volunteers-3-500-develop-vaccine.html?__twitter_impression=true

JFC £3,500, that's it?

Fucking cheapskates over there.

Quick, somebody privatize their medicine when they're not looking.

[Phil_S]

Interesting analysis, suggesting Saudi Arabia may go bankrupt way before their competitors:

https://www.bloomberg.com/opinion/articles/2020-03-09/oil-crash-saudi-arabia-s-price-war-worked-once-but-may-backfire

Once you consider the dependence of the Saudi economy on oil production, the best complete measure of Aramco’s overheads is probably the price at which the country’s budget breaks even — and that’s a whopping $83.60 a barrel, which we haven't seen in more than five years. Russia’s fiscal breakeven is around half that at $42 a barrel, and after sharp improvements in recent years, commercial producers in America’s Permian basin are around the same level.

Of course, at current prices everyone’s losing. Brent dropped as low as $31 a barrel Monday, and should a prolonged price war set in, it could go lower still. That’s where we have to start thinking about all three players’ ability to endure pain.

Riyadh’s race-to-the-bottom strategy only worked in 1985 because it was the lowest-cost producer. Now, its bloated budget means that it’s one of the highest-cost and shakiest players. It remains embroiled in a costly and brutal military quagmire in Yemen, and on Friday arrested senior royals on the grounds they were plotting a coup.

More than four years after Prince Mohammed Bin Salman began the economic reforms that were intended to diversify the economy’s dependence on crude, the prospect of prices ever returning to fiscal breakeven levels looks even more remote. Even Saudi Aramco shares are now trading below their offer price.

Countries embarking on wars often expect they’ll be over in a few months, only to discover their opponents were stronger than they thought. Should this turn into a prolonged fight, Moscow is unlikely to be the first player to fold.

[lightfoot]

https://twitter.com/realDonaldTrump/status/1236778368533700609
Anyone who thinks Trump isnt going to attack these market sell offs with everything at his disposal is underestimating his ego and desire to be elected again.

62 days to the Halvening and all fundamentals are well and bullish. 

Sure, but what's he got? I mean he can send the army in to demand that people consume and travel and PRODUCE at the barrel of a gun. He can have traders who sell stocks executed, he can declare it to be treason to say anything but good things about the economy.

Maybe pass the "Stand still" law where no one is allowed to quit their jobs, everyone must consume and produce at 2019 levels, and companies can fire people who then become surplus goods to be "managed". That could work. Sort of.....

(Why yes, I'm re-reading Atlas Shrugged. Man this book is the perfect combination of shit porn, endless speeches, drivel, and interesting concepts.)

[fillippone]

<...>

UPDATE:

The situation in Italy: March 8, 2020, 6.00 p.m.
POSITIVE 6387
DECEASED 366
HEALED 622


Press conference of the Head of Civil Protection Angelo Borrelli at 6 pm on 8 March:

7375 people who contracted the virus, currently positive 6387, 366 died and 622 recovered.
Among the 5061 positives:

2180 are found in home isolation
3557 hospitalized with symptoms
650 in intensive care

A couple of graphs I made myself on the Johns Hopkins University Database
https://github.com/CSSEGISandData/COVID-19

Each graph plots the number of occurrence of the appropriate case, starting from the first day when such occurrence was registered on each region.


Please note the logarithmic scale.

Now someone explain me:

• What's wrong with Italy? (More death than any other countries, considering Positives: i.e. fatality rate?
• What's wrong with Germany (Positives in line with other countries, no deaths)
• What's wrong with US/UK (Very few death considering the positives)

Fatality Rate computed for your convenience:

Code:

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%

*SPANISH CORONAVIRUS CASES JUMP TO 999: HEALTH MINISTRY

[/color]

Spanish Coronavirus Cases Jump to 999 from 589: Health Ministry
By Rodrigo Orihuela
(Bloomberg) -- Reported cases of coronavirus jumped to 999 as of Monday, up from 589 on March 8, according to the health ministry.
The main epicenters of the outbreak in Spain are the capital Madrid and the northern region of the Basque country, according to health ministry official Fernando Simon

[psycodad]

Get paid to have coronavirus: Scientists will pay volunteers £3,500 to be infected in experiments to develop a vaccine.

https://www.dailymail.co.uk/news/article-8090761/amp/Get-PAID-coronavirus-Scientists-London-pay-volunteers-3-500-develop-vaccine.html?__twitter_impression=true

Once they raise it to 2BTC at least, I might become interested infected.

[lightfoot]

All of us in January when we learned about corona virus...

https://twitter.com/panama_tj/status/1236793863127347200?s=21

They're French ffs!
(pun intended)

When the avalanche has started
It is too late for the pebbles to vote

Old Babylon 5 quote.

[nutildah]

Its obviously God punishing sinners. Duh. 

I expect Bcashers and SV muppets to be among the highest rates of infected.

What also doesn't help is their extremely unsanitary proclivities:

[d_eddie]

Get paid to have coronavirus: Scientists will pay volunteers £3,500 to be infected in experiments to develop a vaccine.

https://www.dailymail.co.uk/news/article-8090761/amp/Get-PAID-coronavirus-Scientists-London-pay-volunteers-3-500-develop-vaccine.html?__twitter_impression=true

You could just pick 24 people that already have it and pay them...

They probably have to apply the vaccine before the subject is infected with the live strain.

[LFC_Bitcoin]

I thought we would have slipped under the fractal now. Good to see that we’re relatively where we should still?

[dragonvslinux]

Time to start getting greedy WO bull gang 



BTFD

[Last of the V8s]

[dragonvslinux]

Zooming into the short-term 1hr time-frame for all the panic sellers out there, the base of macro support at $7,800 is being defended by high volume.



The RSI is attempting to leave oversold conditions, while this does leave room to move lower, this is also considered a buy opportunity by price strength metrics (even if between 30 and 40 the RSI is still bearish). The MACD has notably bull-crossed a few hours ago, though yet to see any relevant follow through. CMF remains negative, though on each dip attempts to move back to neutral area with bullish divergence (due to increase in buy pressure), as opposed to moving lower (with an increase in selling pressure).

As far as I can tell, the "worst case scenario" is currently playing out, without much room for prices to move lower (based on oversold metrics alone):

If you're selling at these prices, based on the shorter-term price movements, you're doing it wrong 

BTFD

[MERlT]

Time to start getting greedy WO bull gang 



BTFD

 Dow Jones Crashes So Hard They Might Close the Stock Market https://www.ccn.com/dow-crashes-so-hard-might-close-stock-market/

[somac.]

It's funny, some of the stock markets have almost lost as much as bitcoin.

[Elwar]

https://twitter.com/realDonaldTrump/status/1236778368533700609

Trump dropped a big cryptic hint about an unstoppable surprise coming. This was tweeted right after the dow futures opened and tanked.

Most likely he is on the phone with the Plunge Protection Team and the Fed and there is some massive money printing on the way.

Anyone who thinks Trump isnt going to attack these market sell offs with everything at his disposal is underestimating his ego and desire to be elected again.

62 days to the Halvening and all fundamentals are well and bullish.  

Trump may still have the trader mentality and he sees this huge dip as a buying opportunity.

He also believes there needs to be money pumped into the economy to get things on track...

So...print money and buy cheap stock...he likely believes the virus is all hype so he believes the markets will bounce back (especially after pouring a bunch of printed money into the economy).

Result...billions in gains for the US government. Game over for Democrats.

In his mind at least.

Reality...he is trying to fight a bubble that popped.

[JSRAW]

so they are safe?

[Elwar]

So Amazon won't be docking pay for any warehouse worker that doesn't go to work this month.

https://www.cnbc.com/2020/03/09/amazon-adjusts-attendance-policy-for-warehouse-workers-amid-coronavirus-outbreak.html


There goes US shipping.

If you're an employee and your boss says you don't have to come to work...how likely are you to come in?

[Icygreen]

The debt market is currently the largest threat facing mankind with a potential correction to human life which could dwarf the fatalities of this virus by orders of magnitude. The real virus has gone completely unchecked at the FED since 2008.  Looks like we may skip the recession and head straight into depression.    
Am I over-reacting?

[Last of the V8s]

so they are safe?

Dunno mate, you may be scraping the bottom of the barrel there.