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

[goldkingcoiner]

The more miners we lose, the better. Supply and demand takes over 100% and we see a dramatic rise in price.

Um. no. If miners quit the difficulty adjusts downward and the supply stays exactly the same: 12.5 bitcoins (or 6.25) every 10 minutes.

The security of the network goes down but at this point it would go from "Even God can't reverse a transaction over 1 confirmation" to "wait two confirmations if you believe in God that much"

I already corrected myself.

[lightfoot]

You know...the plastic bag ban is only against the grocery stores...

You can bring your own.
https://www.amazon.com/TashiBox-Thank-Bags-Reusable-Grocery/dp/B01GNWA6JI/ref=sr_1_24?keywords=plastic+bags+roll&qid=1583862691&sr=8-24

Not sure why he's so pro-plastic bag: If the $5 an hour flunkie who has no paid sick time sneezes on his stack of bags then everyone is going to die! Much better to bring your own and limit the spread.

Maybe he thinks you can put the bag over your head and kill yourself. That could limit the spread of the virus.

[rdbase]

This is definitely not looking good, and as I hear the European Football Championship this summer is in big question, there is a possibility of postponement for the next year.

No worries. In the UK they are asking 24 people to contract the covid-19 virus voluntarily while being paid for the two weeks during the trial period in trying to find a cure to it.
https://metro.co.uk/2020/03/09/people-paid-3500-infected-coronavirus-find-cure-12370003/

What if they paid this $4500usd out in BTC would you consider it?

[goldkingcoiner]

This is definitely not looking good, and as I hear the European Football Championship this summer is in big question, there is a possibility of postponement for the next year.

No worries. In the UK they are asking 24 people to contract the covid-19 virus voluntarily while being paid for the two weeks during the trial period in trying to find a cure to it.
https://metro.co.uk/2020/03/09/people-paid-3500-infected-coronavirus-find-cure-12370003/

What if they paid this $4500usd out in BTC would you consider it?

Fuck no. Thats like asking if you would jump out of a plane with a 1/50 chance your parachute won't open. Sure, its a good gamble but not for middle class worker's monthly salary. WTF

[Globb0]

@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.

with a 2 week no one knows formula. Footfall is what counts. All touristy places = probably fucked by logistics

[rdbase]

This is definitely not looking good, and as I hear the European Football Championship this summer is in big question, there is a possibility of postponement for the next year.

No worries. In the UK they are asking 24 people to contract the covid-19 virus voluntarily while being paid for the two weeks during the trial period in trying to find a cure to it.
https://metro.co.uk/2020/03/09/people-paid-3500-infected-coronavirus-find-cure-12370003/

What if they paid this $4500usd out in BTC would you consider it?

why dont they just find the people who already have it? Would be much cheaper 

In a enclosed setting where they have control of it at all times since they dont have a cure if it does get out and infects those in the building including the doctors.
If they just asked those who already have it then it would be like the corona hotel where everyone who enters gets it.

Also to goldkingcoiner, yeah your right. Not worth the risk for the middleclass monthly salary.
But there are those who are willing to sell their kidneys for about the same amount (blackmarket prices typically are $5000 https://en.wikipedia.org/wiki/Organ_trade). But you can live with the spare you got just have to give up drinking AlCoHOL.

[hodl_2015]

What if they paid this $4500usd out in BTC would you consider it?

If they round it up to $450,000 it still won't cover fixing the permanent damage to internal organs and immune system. I'm not talking about whatever drug they want to test, just the drugs your own body generates when it switches to survival-mode.

[LFC_Bitcoin]

@rdbase
My Dad had a kidney removed a few years ago & I think my Nan (his Mother) had issues with hers too.

I definitely can’t sell one of mine, I’m going to need them for later in life

I told my 23 year old brother if Dad needs a kidney transplant it’s much better if it’s a 23 year old one rather than one from my older alcohol & drug abused body

[Phil_S]

[jojo69]

gay frogs guy arrested driving drunk in Texas

[Elwar]

Italy suspending all mortgage payments.

https://thehill.com/policy/healthcare/public-global-health/486760-italy-suspends-mortgage-payments-during-coronavirus

[Last of the V8s]

[JayJuanGee]

Coronavirus is bullish for the King.

Obviously not..

You guys still think china virus is bullish?

What happened? Why are we following the DOW instead of the inverse?

Is Bitcoin just a luxury?

No, x3.

1.  This is spawning a liquidity crisis. BTC is getting liquidated along with other assets.

2.  The world is entering a deflationary phase. All asset prices can fall, including BTC.

3.  The medium/long term (2-3 years) trend is down, so that is the natural bias.

4.  On a Positive note, it is a good indication that 6500 has not yet been tested.

5. 1BTC = 1BTC.

The odds are pretty damned great that bitcoin is not exactly on the same schedule as various other asset classes, and there remains decently great odds too, that bitcoin is in early adoption.. s-curve exponential adoption that is also reflected in stock to flow and 4 year fractal models... so going to be quite a challenge to see those models broken by virus, et al. .. except for perhaps short term moves. 

good luck (you are going to need it) to anyone considering that the whole world is correlated, including H.badger (aka lil fiend).  

[Last of the V8s]

absolute wealth of info and disinfo on China in here, as ever https://sinocism.com/p/peoples-leader-xi-visits-wuhan-propaganda

[JayJuanGee]

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

It is difficult to know for sure.

When I looked into bitcoin in November 2013, I had heard about bitcoin earlier, and I even had it book marked as "something to look into", but I am not sure how much I would have been willing to put into it when it was more difficult to do.  There was certainly some kind of legitimacy that came to bitcoin with the market increase in late 2013.. and subsequent market increases (such as 2015-2017) gave further validation to bitcoin.

when i heard about it in 2011 i already had machines doing F@H and such so was familiar with those types of builds. so my game machine was my 1st miner and i could immediately start generating coins.

so my perspective is different from those who bought strictly as an investment. i was playing with a new toy, and coins were the plaything. purpose was to test and beat the snots out of it. try all the different wallets (well the 3 or so then) etc. so while i had a lot of coins (compared to some, but dwarfed by others here), im not rich. those coins were used. not hoarded.

had i kept them.. hey that would have been cool. filthy rich instead of merely very comfortable. but all of it changed my life for the better.

What is F@H?

[Phil_S]

https://en.wikipedia.org/wiki/Folding@home

[kurious]

That didn't age very well....

Eric backed it up a few days later:

https://twitter.com/EricTrump/status/1233478845719818242

Seems the whole family is smart.

[Lambie Slayer]

Extreme leftists don't like private property, they want the goverment to run everything. They dont want people using money free of censorship that cant be debased. Of course they hate Bitcoin. Bernie would put an army of these people in power.

Except there's no way to know for sure how Bernie feels about bitcoin. He could be all for it, but since he's never actually said anything about it we don't know for sure, one way or the other.

You should know that bitcoin can't be censored, regardless of who enacts what. We're not exactly in the midst of a financial renaissance here where the banks and bitcoin are holding hands. The powers that be are still immensely anti-bitcoin, and Bernie is against the powers that be.

Though I think the presidency is largely a figurehead position anyway, he was the only guy capable of really shaking things up. Since a lot of his voter base is on the youthful side, I don't see him mandating any decree that bitcoin be banned. That's just too draconian a move for any U.S. president to make.

https://en.wikipedia.org/wiki/Executive_Order_6102

"Executive Order 6102 is a United States presidential executive order signed on April 5, 1933, by President Franklin D. Roosevelt "forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States"."

Bernie could do this with Bitcoin. Do I think he would, idk, but Im sure Trump or Biden wouldn't. True it wouldnt censor Bitcoin, but an executive order banning Bitcoin ownership would put me out of the hodl game.

Its the extreme leftists Bernie would appoint to power that I would worry about most. A Bernie Fed ran by a communist bartender chick could easily ban Bitcoin.

Luckily Bernie isnt a threat to win anymore.  

https://www.predictit.org/markets/detail/3633/Who-will-win-the-2020-Democratic-presidential-nomination

[Last of the V8s]

I DON'T LIKE EM PUTTING CHEMICALS IN THE WATER THAT TURN THE FRIGGIN FROGS GAY!
"drunk"
also https://youtu.be/kEmna2e41-Y fun

[Lambie Slayer]

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

Just another new example of a central bank printing more money. Market crashes are bullish for the King, even if the initial reaction was a fake out to the down side.