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

[sirazimuth]

That didn't age very well....

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[El duderino_]

Daaaamn I hate those 1 minute dips

[LFC_Bitcoin]

Daaaamn I hate those 1 minute dips

Pissed me off yesterday when we fell so hard, I don’t really care again now though. We’ll pick up & start going up as the halving gets close & this Corona Virus panic is over.

The end result is still the same.

[sirazimuth]

I saw the stock market graph and for a second I thought it was some random shitcoin tab I had open...

[ivomm]

I just caught that dip to buy moar   For now I am done buying. But if the bears insist on selling, bring it on, I am ready!

[rdbase]

That didn't age very well....

Yeah he is in the demographics on if he really does have it (he wont get tested,never!, or he will lose then will need a get out of jail card) he will just fall over and thats it.
No more trumpy and twitter will have 10% less tweets on it.

[Gyrsur]

And the US stock market just dropped into negative again. Bye bye retirement!

The Germanz usually don't invest in stocks but when they do it gets ugly. 

Deutscher Aktien Index (DAX)

[jojo69]

[Elwar]

My initial theory about this was that the fact that China is communist, and communists being communists a mass killing was due. Communists try to make everyone as equal as the weakest among them.

The more weak people there are, the more it hurts the rest of the population. Solution? Create a virus that kills the weak (wipe out the elderly so you can stop taking care of them).

Congratulations, you're old enough to stop being productive...now die.

Communism is the worst system for protecting the weak.

What I'm interested in is how this affects different groups in the US. For example if it infects everyone but only causes serious damage in old people then there should be a serious uptick in old people deaths in communities that don't take precautions vs communities that do take precautions.

In other words, if Chad the Republican hero gets this and insists on visiting ma and Pa who also believe that this is just a hoax to damage their dear leader then they should have a higher mortality rate than Timmy the Timid Dem who takes precautions and doesn't expose his parents (who would probably shoot him if he approaches).

We'll see. Reality is the ultimate bullshit director, and this could have an impact on communities that define their own subjective realities.

Timmy the Timid will likely go to the hospital if he has a little cough thinking he has the Corona virus. Turns out he didn't, but by going to the hospital now he does.

[Paashaas]

@holland guys, all big events cancelled and schools closing in Brabant.... my friend says news keeps coming in

Situation escalating by the day, i expect more to come it's inevitable.

Living near Amsterdam which has not been effected to much...yet.

[LFC_Bitcoin]

@caprioleio
#Bitcoin  is currently sitting at its global average production cost.


https://twitter.com/caprioleio/status/1237297354245656576?s=21





Post halving = Block reward cut in half = miners not willing to sell at current prices = increased demand due to scarcity = MOON!

Right?

[Elwar]

People keep telling me the halving is priced in.

But obviously the miners are living paycheck to paycheck like the rest of the world. They sell as soon as they get bitcoin.

People can pay wholesale prices for bitcoin right now.

At the halving, that wholesale cost will be the same but the miners reward will be cut in half.

One article I read said that 25% of all bitcoins sent to the exchanges are from miners to sell. That amount will soon be cut to 12%. A lot less people selling on a regular basis.

[Last of the V8s]

https://www.timesunion.com/news/article/National-Guard-in-New-Rochelle-to-assist-15119388.php

[LFC_Bitcoin]

People keep telling me the halving is priced in.

All the trolls & NOCOINERS were saying the same in 2016 - They were wrong, badly wrong. I pray history repeats itself. Even half the increase in price (%) this time would make lots of us very, very wealthy.

[julian071]

@holland guys, all big events cancelled and schools closing in Brabant.... my friend says news keeps coming in

Situation escalating by the day, i expect more to come it's inevitable.

Living near Amsterdam which has not been effected to much...yet.

Ah well could be worse, at least we live in a civilized country, and not in one with loads of uninsured people without sick leave coughing their virusses all over the place.

[Phil_S]

But obviously the miners are living paycheck to paycheck like the rest of the world. They sell as soon as they get bitcoin.

I remember reading some financial reports from a public mining company, they mined 2000 bitcoins and kept 250.

[goldkingcoiner]

@holland guys, all big events cancelled and schools closing in Brabant.... my friend says news keeps coming in

So what are people doing? Sitting at home eating toilet paper? I am thinking of getting one of those unbelievably cheap flights to Italy. 25 21 Euros. I might as well fly over to buy fancy Italian toilet paper.

[xhomerx10]

@holland guys, all big events cancelled and schools closing in Brabant.... my friend says news keeps coming in

So what are people doing? Sitting at home eating toilet paper? I am thinking of getting one of those unbelievably cheap flights to Italy. 25 21 Euros. I might as well fly over to buy fancy Italian toilet paper.

 Eating toilet paper would be more advisable than watching "A Rainy Day in New York".

[Phil_S]

ah yes yes, "2x per year" support line still works nicely.

[lightfoot]

People keep telling me the halving is priced in.

But obviously the miners are living paycheck to paycheck like the rest of the world. They sell as soon as they get bitcoin.

People can pay wholesale prices for bitcoin right now.

At the halving, that wholesale cost will be the same but the miners reward will be cut in half.

One article I read said that 25% of all bitcoins sent to the exchanges are from miners to sell. That amount will soon be cut to 12%. A lot less people selling on a regular basis.

Well, it's pretty simple to figure out. Miners cost money that is amortized over say 12 months. So every month they have to cash in 1/12th of the miner cost plus interest.
Warehouse space is cheap but not zero. And unless they use slaves to tend the miner there are a few of those as well.
Electricity has to cost something. Unless they are stealing power (not going to work for a mine) there have to be costs there.

So either miners close shop after the halving or price goes up. We could lose 50% of the miners and still have insanely high difficulty. We'll see where it goes.