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

[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

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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

[/color]

*ITALY REPORTS 7,985 CORONAVIRUS CASES, 463 DEATHS AS OF MONDAY

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[lightfoot]

Greta sex doll anyone? https://twitter.com/andietheaspie/status/1234144522298372101   

Ew.

[Hueristic]

You must have missed my post

https://bitcointalk.org/index.php?topic=178336.msg53981753#msg53981753

 where I said once I saw the Diamond Princess stats on infections and deaths I ceased to worry bc this is just a bit more lethal than a nasty flu. During the Wuhan shitshow, nobody knew exactly what was going on and the possibility of it being really bad was a real thing. Now, its all just hype and panic over very little.

I did notice your posts bouncing all over the place.

I too had nocoiner friends who had zero worry at first when the truth was it could have been super deadly for the whole world. Then real stats and numbers came out proving its not that big of a deal, but of course nocoiners were in hysteria by then and still are.

So basically the nocoiners around you were foolish early on not to have some healthy concern for what might have been a super deadly new disease based on the little we knew, and they would be foolish now if they believe the hype that this is currently a super deadly disease sweeping the land.

So for not over reacting on spotty and unreliable information they were foolish?

Meh, I hang mostly with Men who do not shiver in fear of what we cannot control. Well let me rephrase that, I only listen to them, the rest pretty much sounds like background noise to me. I have a tendency to filter out fools very quickly. I actually was brought to the doctor because my mother thought I was going deaf and it turned out I was just ignoring her while she was yelling in my ear and I didn't even notice.

[LFC_Bitcoin]

Greta sex doll anyone? https://twitter.com/andietheaspie/status/1234144522298372101   

Jesus Christ

[Hueristic]

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.

Couldn't happen to a better pile of shitheads.

[rdbase]

Greta sex doll anyone? https://twitter.com/andietheaspie/status/1234144522298372101  

Yeah I dunno dude. Being labeled as a underage sexual offender is a life sentence.
edit: Nvm. Just looked at the doll and it is fake as hell. Wouldnt doubt some idiot would try and make one and market it then get arrested as a pedophile.
https://www.nationalobserver.com/2020/03/08/news/greta-thunbergs-attackers-reveal-grim-pattern
Just ask one of the other forum members about that. That was an ugly affair and still sticks to them to this day.

I think the decal thing was pretty bad as it is. FFS it was just a stick figure outline.
https://nationalpost.com/news/alberta-company-says-not-enough-to-apologize-for-explicit-greta-decal
It seems to have just made her cause stronger according to her tweet right after the company was seen as the bad guy.
https://globalnews.ca/news/6613278/greta-thunberg-tweet-decal
^^ only site I could find that actually has the balls to post the picture now or feel the power of a women's scorned.
Funny how attacks can empower the victim. In this case our lil mean faced greta.

[Ibian]

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?

Never forget. https://www.youtube.com/watch?v=yc6Hp_Zq3rU

[Ibian]

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.

The purpose is to make me rich. It does that well.

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.

Not how markets work.

[Hueristic]

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.

I'm no expert but don't they inject with a dead virus and test for anti body production as the body reacts the same to the dead one as a live one? I Seem to remeber that and originally they would use a variant like dead cow pox to inoculate for smallpox.

you guys can correct me as my memory is pretty spotty on this info as I haven't read up on it in years.

[Tar777]

 it only seems at first glance that Russia is cutting the branch on which it sits, in fact, it understands that oil has no value, America simply buys oil without the need to rule everyone, and just prints usd for it. There has long been a technology on the water, this plant was quickly closed https://youtu.be/G3yGjve4mlU

[Lambie Slayer]

You must have missed my post

https://bitcointalk.org/index.php?topic=178336.msg53981753#msg53981753

 where I said once I saw the Diamond Princess stats on infections and deaths I ceased to worry bc this is just a bit more lethal than a nasty flu. During the Wuhan shitshow, nobody knew exactly what was going on and the possibility of it being really bad was a real thing. Now, its all just hype and panic over very little.

I did notice your posts bouncing all over the place.

I too had nocoiner friends who had zero worry at first when the truth was it could have been super deadly for the whole world. Then real stats and numbers came out proving its not that big of a deal, but of course nocoiners were in hysteria by then and still are.

So basically the nocoiners around you were foolish early on not to have some healthy concern for what might have been a super deadly new disease based on the little we knew, and they would be foolish now if they believe the hype that this is currently a super deadly disease sweeping the land.

So for not over reacting on spotty and unreliable information they were foolish?

Meh, I hang mostly with Men who do not shiver in fear of what we cannot control. Well let me rephrase that, I only listen to them, the rest pretty much sounds like background noise to me. I have a tendency to filter out fools very quickly. I actually was brought to the doctor because my mother thought I was going deaf and it turned out I was just ignoring her while she was yelling in my ear and I didn't even notice.

Anyone who wasnt keeping a close eye on China early on was foolish imo bc it was a huge uncertainty and the possibilities were worth close attention till one could deem it not to be a major threat.

Only a pussy would have shivered in fear at any point in this developing situation. I dont really care if you hang out with pussies or mma fighters. Foolish was what I called people who werent at least paying attention closely to what could have been a big deal at the time. I wasn't offering critiques on their braveness or masculinity.

The whole "bouncing all over the place" characterization is pretty weak. If you read my posts carefully you noticed a keen interest into what in the hell was going on in China, bc they cant be trusted and it was hard to know.

Then you saw a switch as information became available to me. I started pointing out the hype, the bullish money printing implications, the bogus mortality stats, and overall foolish toilet paper hoarding hysteria.

One major pivot once more data became available in a situation thats been going on for over two months.  

[Last of the V8s]

https://twitter.com/ISCResearch/status/1237036351045992448?s=20
Tanks versus escaped prisoners? Not a good look. But who knows the stresses these people are under.

[rdbase]

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.

I'm no expert but don't they inject with a dead virus and test for anti body production as the body reacts the same to the dead one as a live one? I Seem to remeber that and originally they would use a variant like dead cow pox to inoculate for smallpox.

you guys can correct me as my memory is pretty spotty on this info as I haven't read up on it in years.

Yet Trump looks concerned with hugging the american flag due to Ted Cruz and Paul Gosar being in quarantine from being incontact with an infected person.
https://www.vox.com/policy-and-politics/2020/3/9/21171371/ted-cruz-coronavirus-trump
If nothing is done about it then he will be the worst president in history and that would be including Nixon!

[LUCKMCFLY]

It's interesting, technology makes the financial world change remarkably.

When the stock market tumbles, investors usually seek safety in gold, bonds, and other hedging assets. A traditional argument says that falling yields are good for gold, going by their extremely accurate negative correlation since the 2008 financial crisis. Investors pick the yellow metal over low-risk bonds whenever the central bank cuts down its lending rates.

https://www.newsbtc.com/2020/03/09/bitcoin-gold-to-explode-as-treasury-yields-hit-record-lows-top-portfolio-manager/



Source: https://www.newsbtc.com/2020/03/09/bitcoin-gold-to-explode-as-treasury-yields-hit-record-lows-top-portfolio-manager/

[Hueristic]

You must have missed my post

https://bitcointalk.org/index.php?topic=178336.msg53981753#msg53981753

 where I said once I saw the Diamond Princess stats on infections and deaths I ceased to worry bc this is just a bit more lethal than a nasty flu. During the Wuhan shitshow, nobody knew exactly what was going on and the possibility of it being really bad was a real thing. Now, its all just hype and panic over very little.

I did notice your posts bouncing all over the place.

I too had nocoiner friends who had zero worry at first when the truth was it could have been super deadly for the whole world. Then real stats and numbers came out proving its not that big of a deal, but of course nocoiners were in hysteria by then and still are.

So basically the nocoiners around you were foolish early on not to have some healthy concern for what might have been a super deadly new disease based on the little we knew, and they would be foolish now if they believe the hype that this is currently a super deadly disease sweeping the land.

So for not over reacting on spotty and unreliable information they were foolish?

Meh, I hang mostly with Men who do not shiver in fear of what we cannot control. Well let me rephrase that, I only listen to them, the rest pretty much sounds like background noise to me. I have a tendency to filter out fools very quickly. I actually was brought to the doctor because my mother thought I was going deaf and it turned out I was just ignoring her while she was yelling in my ear and I didn't even notice.

Anyone who wasnt keeping a close eye on China early on was foolish imo bc it was a huge uncertainty and the possibilities were worth close attention till one could deem it not to be a major threat.

Only a pussy would have shivered in fear at any point in this developing situation. I dont really care if you hang out with pussies or mma fighters. Foolish was what I called people who werent at least paying attention closely to what could have been a big deal at the time. I wasn't offering critiques on their braveness or masculinity.

The whole "bouncing all over the place" characterization is pretty weak. If you read my posts carefully you noticed a keen interest into what in the hell was going on in China, bc they cant be trusted and it was hard to know.

Then you saw a switch as information became available to me. I started pointing out the hype, the bullish money printing implications, the bogus mortality stats, and overall foolish toilet paper hoarding hysteria.

One major pivot once more data became available in a situation thats been going on for over two months.  

Meh, I starting skimming yours when you started kicking out JJG length posts.

[Lambie Slayer]

You must have missed my post

https://bitcointalk.org/index.php?topic=178336.msg53981753#msg53981753

 where I said once I saw the Diamond Princess stats on infections and deaths I ceased to worry bc this is just a bit more lethal than a nasty flu. During the Wuhan shitshow, nobody knew exactly what was going on and the possibility of it being really bad was a real thing. Now, its all just hype and panic over very little.

I did notice your posts bouncing all over the place.

I too had nocoiner friends who had zero worry at first when the truth was it could have been super deadly for the whole world. Then real stats and numbers came out proving its not that big of a deal, but of course nocoiners were in hysteria by then and still are.

So basically the nocoiners around you were foolish early on not to have some healthy concern for what might have been a super deadly new disease based on the little we knew, and they would be foolish now if they believe the hype that this is currently a super deadly disease sweeping the land.

So for not over reacting on spotty and unreliable information they were foolish?

Meh, I hang mostly with Men who do not shiver in fear of what we cannot control. Well let me rephrase that, I only listen to them, the rest pretty much sounds like background noise to me. I have a tendency to filter out fools very quickly. I actually was brought to the doctor because my mother thought I was going deaf and it turned out I was just ignoring her while she was yelling in my ear and I didn't even notice.

Anyone who wasnt keeping a close eye on China early on was foolish imo bc it was a huge uncertainty and the possibilities were worth close attention till one could deem it not to be a major threat.

Only a pussy would have shivered in fear at any point in this developing situation. I dont really care if you hang out with pussies or mma fighters. Foolish was what I called people who werent at least paying attention closely to what could have been a big deal at the time. I wasn't offering critiques on their braveness or masculinity.

The whole "bouncing all over the place" characterization is pretty weak. If you read my posts carefully you noticed a keen interest into what in the hell was going on in China, bc they cant be trusted and it was hard to know.

Then you saw a switch as information became available to me. I started pointing out the hype, the bullish money printing implications, the bogus mortality stats, and overall foolish toilet paper hoarding hysteria.

One major pivot once more data became available in a situation thats been going on for over two months.  

Meh, I starting skimming yours when you started kicking out JJG length posts.

Meh, horseshit, my longest post ever is a small fraction of the length of a long JJG post. Nice try though.

Makes sense why you didn't know what you were talking about, you hadn't even read the material you were critiquing. 

[Hueristic]

Meh, horseshit, my longest post ever is a small fraction of the length of a long JJG post. Nice try though.

Makes sense why you didn't know what you were talking about, you hadn't even read the material you were critiquing. 

Nice, I was wondering if you'd catch that or not.

[ataArt]

Where is the bus stop? I almost believed spring came

[Last of the V8s]

^^ He's annoying  

Also: Robinhood down again today https://twitter.com/AskRobinhood/status/1237016846282280961?s=20
some very worrisome stories.

[Hueristic]

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.

Well said.