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

[heslo]

Back to over $8,000.

Currently observing $8,063. Who sold at the bottom?

My factory in China are shipping again & they said the epidemic is coming to an end over there. I don’t know if their media & news channels have said anything that we won’t know yet but it must be good news. Her English isn’t great so I couldn’t get great detail out of her.

Fingers crossed... for everyone involved!

I've got a trip planned in October for the US Grand Prix and I'll be very pissed if everything is still fucked by then


Some positive action on the price currently, I feel the worst might be over but considering the current climate who really knows

[1714962219]

1714962219

[1714962219]

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[Phil_S]

I knew the dip under $8000 would be short-lived!



And where are the all the "geniuses" who predicted $6000?

[JSRAW]

Who sold at the bottom?

Hard to find such user in this part of the forum.. question should be who bought the dip or who missed it, again?

[LFC_Bitcoin]

Who sold at the bottom?

Hard to find such user in this part of the forum.. question should be who bought the dip or who missed it, again?

I thought about it but I’m literally over 90% of my net worth in BTC so going to leave $xx,xxx in fiat.

I've got a trip planned in October for the US Grand Prix and I'll be very pissed if everything is still fucked by then


Some positive action on the price currently, I feel the worst might be over but considering the current climate who really knows

I’m assuming you’ll be absolutely 100% OK for a trip in October.

[heslo]

Who sold at the bottom?

Hard to find such user in this part of the forum.. question should be who bought the dip or who missed it, again?

I thought about it but I’m literally over 90% of my net worth in BTC so going to leave $xx,xxx in fiat.

I've got a trip planned in October for the US Grand Prix and I'll be very pissed if everything is still fucked by then


Some positive action on the price currently, I feel the worst might be over but considering the current climate who really knows

I’m assuming you’ll be absolutely 100% OK for a trip in October.

I say I will too, but so much fearmongering going on at the moment it's ridiculous

[Ibian]

May sound dumb right now but...

If this is called AIDS-FLU because it has some characteristics of HIV... does that mean Covid19 can also hibernate like HIV (or Herpes) and come on surface when your immune system is weak... or you are old?

(If that's the case it sounds  like they found a way to sustain social security system infinitely... by killing the weak)

Not how it works. Chlorine is deadly, but ordinary salt is partly made up of it. Just because the virus has some of the same components as HIV does not mean it shares its characteristics.

[Totscha]

May sound dumb right now but...

If this is called AIDS-FLU because it has some characteristics of HIV... does that mean Covid19 can also hibernate like HIV (or Herpes) and come on surface when your immune system is weak... or you are old?

(If that's the case it sounds  like they found a way to sustain social security system infinitely... by killing the weak)

Not how it works. Chlorine is deadly, but ordinary salt is partly made up of it. Just because the virus has some of the same components as HIV does not mean it shares its characteristics.

You missed a perfectly good chance to step up you panic mode right there

It's like watching gasoline put out a fire, surreal...

[Ibian]

May sound dumb right now but...

If this is called AIDS-FLU because it has some characteristics of HIV... does that mean Covid19 can also hibernate like HIV (or Herpes) and come on surface when your immune system is weak... or you are old?

(If that's the case it sounds  like they found a way to sustain social security system infinitely... by killing the weak)

Not how it works. Chlorine is deadly, but ordinary salt is partly made up of it. Just because the virus has some of the same components as HIV does not mean it shares its characteristics.

You missed a perfectly good chance to step up you panic mode right there

It's like watching gasoline put out a fire, surreal...

That is not actually my goal. I just follow the best information available to me.

[dragonvslinux]

Quick shout out to all WO bulls & bears for helping to make me into a Sr Member today. My 250th merit came from this post megalolz* 





Thanks nutildah, though I now formally accuse you of "poaching rank ups", after also making me into a Full Member a few months ago 

*Read the small-print!

[Lucius]

Back to over $8,000.
Currently observing $8,063. Who sold at the bottom?

Many have sold, there is a weak hands in every panic, I do not believe that will ever change. Most of those who own BTC do not really understand what they actually own, and they just need to look back a few years and see that the value of BTC is steadily increasing, regardless of constant price adjustments.

My factory in China are shipping again & they said the epidemic is coming to an end over there. I don’t know if their media & news channels have said anything that we won’t know yet but it must be good news. Her English isn’t great so I couldn’t get great detail out of her.

The situation in China is improving, very rigorous quarantine measures showing first results. However, I would warn anyone planning to buy something in China that the virus can survive on the surface of various materials for up to 9 days.

The analysis of 22 studies reveals that human coronaviruses such as Severe Acute Respiratory Syndrome (SARS) coronavirus, Middle East Respiratory Syndrome (MERS) coronavirus or endemic human coronaviruses (HCoV) can persist on inanimate surfaces like metal, glass or plastic for up to 9 days, but can be efficiently inactivated by surface disinfection procedures with 62–71% ethanol, 0.5% hydrogen peroxide or 0.1% sodium hypochlorite within 1 minute.

[fillippone]

<...>

Let me just elaborate a little bit more on this idea for explaining the dump.

So the idea is the following:

• Difficulty is increasing steadily over the last adjustments according to https://btc.com/stats/diff. Hash rate has already grown more than 20% YtD.
• Next expected difficulty adjustment is still expected upwards. It is too early to call for a reliable estimante , but according to https://diff.cryptothis.com/ will be between+0.5% and + 7.50%
• Bitmain has just introduced the S19 and S19 PRO miners, which are going to destroy the s9 miners.
• Halving is exactly two months time (according to https://www.bitcoinblockhalf.com/). This will put a lot of pressure on less efficient miners, pushing their mining profitability below the survivor ship minimum threshold.
• Market is thin and nervous around critical supports, a whale selling could trigger lower levels to profit from
• As brillantly pointed out by @plutosky in the italian board, the move didn't start from the bad fincancial world. True, BTC derivatives experienced record volumes during the past hours, but Open interest actually declined. This is a strong hint that the volumes were caused by longs being stopped out. Of course it could also meaning shorts taking profits, but in the end this means derivatives didn't originate the move, as they are now with reduced positions.
  
  As you can see volumes were steady before the movement:
  
  
  
  Suddenly there were a lot of liquidations:
  
  
  
  That led to a reduced open interest:
  
  
  

So yes, this is a reasonable explanation in my opinion, why miners could have been actually selling this market.
I doubt however they had the firing power, or the interest, to start this movement.

[LFC_Bitcoin]

Quick shout out to all WO bulls & bears for helping to make me into a Sr Member today. My 250th merit came from this post megalolz*  





Thanks nutildah, though I now formally accuse you of "poaching rank ups", after also making me into a Full Member a few months ago  

*Read the small-print!

Sending you 2 Merit’s for the achievement, now if you could take me off your fucking distrust settings that’d be cool

[dragonvslinux]

Quick shout out to all WO bulls & bears for helping to make me into a Sr Member today. My 250th merit came from this post megalolz* 





Thanks nutildah, though I now formally accuse you of "poaching rank ups", after also making me into a Full Member a few months ago 

*Read the small-print!

Sending you 2 Merit’s for the achievement, now if you could take me off your fucking distrust settings that’d be cool

Done... confirmation available on Saturday #loyceclub
I didn't think you cared? Edit: PM'd you too bro.

[HairyMaclairy]

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.

Oh yeah good point lol

[JimboToronto]

Good AM Bitcoinland.

The battle for $8k continues... currently $8088USD/$11045CAD (Bitcoinaverage).

Right back where we were before yesterday's dip.

Meanwhile we're another day closer to the halving. Tick tock.

And where are the all the "geniuses" "legends" who predicted $6000?

ftfy  

[Paashaas]

On February 27th, Italy had 600 people infected with coronavirus.

Today, it has 10,000 cases and the entire country is on lockdown.

That was *11 DAYS AGO.*

Guess how many the US has right now: 600.

THAT is exponential growth. Do the math

https://mobile.twitter.com/Mikel_Jollett/status/1237134832070619137

[Phil_S]

Ah yeah, "Legends", right.  

[BitcoinGirl.Club]

Good afternoon WO!
Observing @ $8,085

[LFC_Bitcoin]

@TheCryptoDog
my grandmother has always called crypto a scam and today she keeps sending me photos like this

https://twitter.com/thecryptodog/status/1237150056240701440?s=21

Granny BTFD fo’ sho

[Ibian]

@TheCryptoDog
my grandmother has always called crypto a scam and today she keeps sending me photos like this

https://twitter.com/thecryptodog/status/1237150056240701440?s=21

Granny BTFD fo’ sho

Send her a screenshot of a wallet with 1 btc.