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

[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.

[dragonvslinux]

Bitcoin buy signal!

BNP Paribas just blocked transfers to Coinbase 
Co-operative Bank did the same at $6.5K 

[Ibian]

so they are safe?

The sun is a deadly laser. Can not wait for the tales of rectal cancer that will be coming.

[nutildah]

Stock market immediately fell -7% after opening, trading is now "paused."

PAUSED?

What kind of sissy market takes a pause??

"Oh, let's retreat to our safe space for a time-out and regroup with some positive thinking and herbal tea."

Bitcoin brakes for nobody!

[Hyperjacked]

Bloody Monday! Life in the fast lane... cool heads prevail !

[Torque]

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?

You said it. The sheeple just refuse to listen or to believe it. The MSM pounds them for years that the U.S. economy is strong and has recovered.

O rly? Then how can a little virus outbreak suddenly cause complete economic breakdown?

Because the economy never was strong. It never returned to awesome like they hoped. It was fragile as hell ever since the Financial Crisis, just hanging by a thread. Money printing and market injection is/was the only thing keeping it going.

[bitserve]

UPDATE:



It has been a long time since this trend line was broken. It should be at or near the bottom before continuing the trend.

[Elwar]

This whole thing where bitcoin price is following the stock market tells us one thing.

We need to shift the focus of Bitcoin from market and price to utility and actually using it as a currency. Every ETF, every BitPay obstacle they create for paying with bitcoin (while encouraging you to use shitcoins instead), every regulation that makes people prove their entire history of life before they can spend their bitcoins, every ATM shut down by stupid crypto agencies takes us away from that.

Bitcoin should be what people are running to right now. They should be dumping their useless government backed stocks, commodities, fiat, etc. and begging for Bitcoin to save them from the government tyranny that is about to wipe out their worth.

People should be going on OpenBazaar right now ordering 100 rolls of black market toilet paper and hand sanitizer with confidence that the seller has a 100% rating for his righteous bud. Using Bitcoin. Shops should be confident that their solar powered Bitcoin payment app will connect to the lightning funded mesh network with no interference. Preppers should know that if they need to bitcoin fund an uber ride to a private bitcoin funded jet can take them to their bitcoin funded VRBO some place far away from the hysteria.

You should be able to fund your p2p electric and water with lightning contracts and easily receive your bitcoin funded drone deliveries to your bitcoin funded seastead timeshare that's recorded on the blockchain.

This is where Bitcoin users need to focus instead of cheering on new ETFs and links to the ancient stock market.

[El duderino_]

Someone make the bleeding stop already. This is just nasty.

Sometimes we need nasty........ though I prefer without nasty 

[jojo69]

the time for bullshit is over

[nutildah]

This whole thing where bitcoin price is following the stock market tells us one thing.

We need to shift the focus of Bitcoin from market and price to utility and actually using it as a currency. Every ETF, every BitPay obstacle they create for paying with bitcoin (while encouraging you to use shitcoins instead), every regulation that makes people prove their entire history of life before they can spend their bitcoins, every ATM shut down by stupid crypto agencies takes us away from that.

Bitcoin should be what people are running to right now. They should be dumping their useless government backed stocks, commodities, fiat, etc. and begging for Bitcoin to save them from the government tyranny that is about to wipe out their worth.

People should be going on OpenBazaar right now ordering 100 rolls of black market toilet paper and hand sanitizer with confidence that the seller has a 100% rating for his righteous bud. Using Bitcoin. Shops should be confident that their solar powered Bitcoin payment app will connect to the lightning funded mesh network with no interference. Preppers should know that if they need to bitcoin fund an uber ride to a private bitcoin funded jet can take them to their bitcoin funded VRBO some place far away from the hysteria.

You should be able to fund your p2p electric and water with lightning contracts and easily receive your bitcoin funded drone deliveries to your bitcoin funded seastead timeshare that's recorded on the blockchain.

This is where Bitcoin users need to focus instead of cheering on new ETFs and links to the ancient stock market.

[strawbs]

This whole thing where bitcoin price is following the stock market tells us one thing.

We need to shift the focus of Bitcoin from market and price to utility and actually using it as a currency.

Totally agree.  However, that's been the case for years and similar posts have been on this very thread since I started reading it in 2014. Unfortunately, the whole 'HODL until I'm rich' mentality has undermined the very purpose of BTC.

Oh, and can we finally put to bed the whole idea of BTC as a safe haven - whilst global stock markets face their worst day since the 2008 financial crisis, BTC tanks even more.  If BTC really was a safe haven, it would be mooning now. Gold still seems to be the haven of choice.

[mindrust]

Oh, and can we finally put to bed the whole idea of BTC as a safe haven - whilst global stock markets face their worst day since the 2008 financial crisis, BTC tanks even more.  If BTC really was a safe haven, it would be mooning now. Gold still seems to be the haven of choice.

BTC is a safe haven. It is just people are too dumb to understand that.

They will only understand it when they can't use banks anymore.

Let's have this talk again when banks collapse and don't allow people to access their accounts. Remember Greece? Cyprus?

[strawbs]

Oh, and can we finally put to bed the whole idea of BTC as a safe haven - whilst global stock markets face their worst day since the 2008 financial crisis, BTC tanks even more.  If BTC really was a safe haven, it would be mooning now. Gold still seems to be the haven of choice.

BTC is a safe haven. It is just people are too dumb to understand that.

They will only understand it when they can't use banks anymore.

Let's have this talk again when banks collapse and don't allow people to access their accounts. Remember Greece? Cyprus?

Sure, I agree BTC is a safe haven, I should have said it's not seen as a safe haven by most people.

[lightfoot]

Someone make the bleeding stop already. This is just nasty.

I've switched from munching popcorn to munching pistachio nuts.

This is going to be delicious.

[Torque]

Hey look, it's more "QE4-but-not-QE4" !

https://www.cnbc.com/2020/03/09/fed-to-step-up-liquidity-injections-to-guard-against-market-pressure.html