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

[lightfoot]

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

It is. For those with fiat (poor souls)

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).

Might be right, however if the underlying infrastructure is being damaged due to the responses to this virus it's still going to be a shit-ton of wealth knocked off the table. Kind of like in 2008 when CDO's vanished and a huge hole was placed into M3. The solution then was to print money to fill the hole. Not sure if that's going to work this time.

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.

How so? Is the Govt going to invest the SS surplus into the market? There is no SS surplus, only a big pile of IOU's....

This is really going to be interesting to watch: What happens when there is a house fire in a grifter hotel....

[mindrust]

Coincidence? I don't think so.

[OutOfMemory]

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

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

VIDEO ATTACHED

Best part is when daddy finally runs and abandons his family.
Instant divorce reason, imho.

I read some opinion on titter today, that the dumps are caused by miners to buy rigs in anticipation to the halvening.
Would make quite some sense.

[fillippone]

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

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

VIDEO ATTACHED

Best part is when daddy finally runs and abandons his family.
Instant divorce reason, imho.

I read some opinion on titter today, that the dumps are caused by miners to buy rigs in advance to the halvening.
Would make quite some sense.

Can you provide a reference for this?
Would be nice to confirm honey badger doesn’t give a fuck and follows his own logic while the rest of the world routs.

[El duderino_]

Wall Street shut down, BTC can't be shut down and goes on naturally as how all things should go!

Time people see those kind of things.

[lightfoot]

Best part is when daddy finally runs and abandons his family.
Instant divorce reason, imho.

This was from a French comedy, Force Majure if I recall correctly.

[Icygreen]

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.

BTC following the stock market should not necessarily be a concern.  Whales in this space alike the small guy are also deep into other markets. Margin calls will need liquidity and its only natural that its taken from the profit zones (BTC) to do it. Bitcoin has proven itself time after time and is a re-education camp for monetary policy.  When there are no more profits to extract from BTC, the hedges will fall right back where they make sense.

[JimboToronto]

Good morning Bitcoinland.

The dip continues... currently $7736USD/$10513CAD (Bitcoinaverage).

Bitcoin, the stock market, crude oil are all down. Does this mean the dollar (and other fiat) is rallying?

Excellent time to sell your overpriced fiat.

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.

I'll munch ribeyes and filet mignon. Maybe some carnitas too. Yum.

Seeds? Aren't they livestock fodder?  

[El duderino_]

Smart money would need to go into a BTC asset.... Why is the world so filled with the dumb?

[lightfoot]

Crap! I pulled all the fiat to buy bitcoins and stuff awhile ago. Need to dip into gold here. Drat-ola.

[DaRude]

Time to buy corn

[hv_]

Time to buy drink corn

buy toilet paper

[DaRude]

Time to buy drink corn

buy toilet paper

Got enough fiat for that (the only advantage of fiat, it's multi use)

[bitcoinvest]

Time to buy drink corn

buy toilet paper

Got enough fiat for that (the only advantage of fiat, it's multi use)

Yeap, now with empty super markets they not care for your electronic money... they care how to get cash from you.... you know.. just in case this goes more down the panic line.....
keep some cash just in case...

[hv_]

Time to buy drink corn

buy toilet paper

Got enough fiat for that (the only advantage of fiat, it's multi use)

small coins are bit tricky but right - multi use is possible tho

[bitcoinvest]

incoming.......take cover  

[fillippone]

<...>

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 MINISTR

[/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

*GERMANY CONFIRMS FIRST DEATH FROM CORONAVIRUS: DPA

[Last of the V8s]

^Yeah the Germans who caught it so far were all pretty young.
https://www.youtube.com/watch?v=EeGX105X7ac
This video is super
Demetri Kofinas speaks with Peter Zeihan, a geopolitical strategist who combines an expert understanding of demography, economics, energy, politics, technology, and security to help his clients prepare for an uncertain future.

[Elwar]

Posted this on Farcebook:

To my future 2021 friends that will be asking me how to make money with "crypto" as the bitcoin price shoots up.
The price is currently under $7700/BTC. This is when you should have been buying if you wanted to "make money".

The real answer though is that bitcoin is money. You should not be buying to get more fiat(government money, dollars, etc.) you should be converting your old currency to your new currency that can't be confiscated by governments, frozen by banks, stopped from giving or receiving, and is backed by math not war. If governments were using Bitcoin they wouldn't need to prop up their currency with more math.

The halving is 2 months away. The price has shot up after every halving over the course of a year. While the next 2 months will likely be very volatile, it will go up after the halving. People buying now are not "lucky". They are informed.

*posting for posterity*

[JimboToronto]

People buying now are not "lucky". They are informed.

As it always has been.

I wish I'd been informed about Bitcoin before January 2013. I'd be rich now instead of merely comfortable.