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

[HairyMaclairy]

I have friends working in a local hospital.

All elective surgery cancelled. All leave cancelled for all hospital staff. Half of the hospital is being converted into ICU wards.

All currently completely empty.  But expected to be full soon.  

Where are you from? The epidemic situation in Europe is increasingly widespread and COVID-19 disease is really dangerous. We should implement stronger isolation measures as in China to limit the spread of COVID_19. China has successfully curbed the spread of this virus in their country so far. I wish your country will control this epidemic well.

I am in Australia.  I think about 150 cases nationally so far but rising fast.  

I think major parts of Australia will be shut down in a month, maybe sooner. 

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[Lambie Slayer]

CoVid_19 Update:

Notable events:

* President Emmanuel Macron of France says:
"We are at the beginning of the pandemic."
Both Ligue 1 and Ligue 2 football matches in France will take place without spectators until April.
* Austria closes border with Italy.
* Slovenia also followed Austria, slamming all of its entrances to Italy.
* National airline Air Canada halted flights to Italy.
* The Czech Republic closes all schools to events that gather more than 100 people, until a new order is issued.
* Spain begins to repeat the situation of South Korea, Italy and Iran. The number of new infections is several hundred per day. The Spanish government has also canceled direct flights to and from Italy. The National Assembly has suspended government meetings for a week.
* Mongolia immediately closed its capital immediately after discovering its first case today. The mirrors of dozens of other countries still touched right before their eyes and they acted fiercely from the beginning.
* Silicon Valley of California prohibits the organization of events that gather more than 1 thousand people.
* New Jersey, Illinois, Ohio and Rhode Island of the United States declare a state of Emergency.
* The whole of Italy is cordoned off and isolated
* Jewish isolates 14 days from ANYONE entering the country. This means hanging the tourism industry, at least for 2 weeks.
* 48 hours ago, the United States had just over 500 people infected. There are now 950 people.
* Portugal blocks 2 towns with more than 100,000 residents in the north of the country, although the number of people infected there is less than 50 cases.
* Greece closed all schools at all levels nationwide, right after the number of infected people in this country reached 89 cases.
* Senior officials from many countries also begin to become infected or in suspicion. After Iran, the United States, France, Italy, Vietnam ... the Commander of the Polish Army was the latest to test positive for COVID-19. In addition, members of the British Parliament, Health Minister Nadine Dorries have just had positive results.
* The World Trade Organization (WTO) abolishes all existing schedules after an employee of this organization is found to be positive for COVID-19.

HIGHLIGHTS FOR MORE THAN 50 NEW CASES:

* Italy recorded 977 new infections with 168 deaths. So Italy has officially entered the 10K + club, one of the two countries to suffer this misfortune.
Currently, Italy has a total of 10,149 cases and 631 deaths. The death rate has increased compared to yesterday, currently standing at 6.21%.
* Iran ranked soon after with 881 more new cases reported and 54 deaths. Currently, Iran has 8,042 cases with 291 deaths. The death rate is 3.24%.
* Spain reports an additional 447 cases and 5 deaths. They now have 1,678 people infected and 35 dead.
* Sweden recorded 88 new cases, bringing the number of people infected in this country to 346 people.
* Switzerland has an additional 123 cases and 1 death. Currently Switzerland has up to 497/1 case.
* France has 372 new infections and 3 deaths. Currently France has had 1,784 cases with 33 deaths.
* The Netherlands recorded 61 more cases with the first one. Currently the Netherlands is also a "powerhouse" in the 100+ club with a total of 382/1
* Norway has 133 more cases. Currently Norway has 360 people infected.
* He has 54 more new infections and 2 deaths, bringing the number of people infected in the kingdom to 373 with 6 deaths.
* Germany reports 341 new cases. Currently, Germany has 1,565 infections and 2 deaths.
* Denmark has 174 more cases. Currently they have recorded a total of 264 cases. This is a noticeable increase in Denmark over the past few days.
* Austria has 51 more cases. They currently have a total of 182 cases.
* Japan has 59 new cases and 3 deaths. Currently, the total number of victims in Japan is 581/10.
* The United States has 246 new infections and 4 more deaths. There are currently 950 infections in the United States and 30 deaths. Details of new cases recorded in the states are listed at the end of the article.
* South Korea is the only place with good news with only 131 new cases and 7 deaths recorded in the last 24 hours. South Korea currently has 7,513 cases with only 54 deaths, an unexpectedly low death rate compared to only France and Spain.

* The new countries with the first reported cases today are Panama, Jamaica, Mongolia and Turkey.

s 2 more cases.re cases.


TLDR: Central Bankers are scared of a small amount of deaths and printing tons of money = Bullish for Bitcoin

Yes, its true.

[Ibian]

Italy reported, March 10, 18:00 CET

Verified cases: 10149 (+977 in the last 24 hours) ↘️
Case in need of special care: 877
Recovered: 1004 (+280 in the last 24 hours) ⬆️
Death: 631 (+168 in the last 24 hours) ↗️

Italy has more than 150 people died in 1 day!

Quick death rate calcs: Going by death/(death+cured) we get 38.5%. Going by death/infected and rolling 2 weeks back we get just under 25%.

What the hell is up with the italians?

[Cryptotourist]

Yes, its true.

+∞ WO's merit!

[Biodom]

Masterluc bulletin

Eh, what happened to you, America? All American bonds go to hell. No one else believes in old America

Doesn't have a clue about bonds, perhaps.
Low yield=high price. Bad for pensioners, good for those long bonds, just look at TLT.
EU has mostly negative yield.

[Ibian]

But not before at least 80% of the population is infected.

And I thought that I was full of bullshit.
Not sure that's even possible.

This is not guessing, we can compare with other diseases with similar infectiveness.

Sheeeit, I don't remember getting SARS or Ebola.
I hope you're not talking about the flu.

There is no possibility that the entire west will not be infected.

Not even ... a little?
What's the remaining 20% then? Latinos only?

You are really degenerate, you know that?

Okay. Do you have any arguments? Numbers, anything? I wanna be wrong so help me out here.

[JayJuanGee]

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.

All I see are $1 bills there, you ostentatious fuck!!!!  hahahahahaha


I could make that kind of presentation with a mere $50, or maybe even less.

 

[bkbirge]

It occurs to me (I know, kinda slow on the uptake) that gold as a safe haven attracts the old guard more than bitcoin not just because of generational differences but because of the volatility. Huge moves for gold are ridiculously tiny ones in crypto, and when you are scared about your nest egg that makes more sense. It's a different mindset than many of us into btc. I guess store of value for them just means they won't lose too much money if the shit hits the fan.
https://www.marketwatch.com/story/gold-slips-lower-as-stocks-try-for-rebound-from-worst-day-since-2008-financial-crisis-2020-03-10

Still, Moya believes that gold, along with U.S. Treasurys will “remain the favored safe-haven traders as financial markets navigate through rising global recessionary risks, deflationary pressures and falling consumer confidence.”

[JayJuanGee]

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

I doubt that the odds are as bad as you make them out to be, goldkingcoiner, but i still appreciate the humor of your dramatic illustration.  

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.

Contemporary science suggests that your body will generally become stronger from various kinds of exposures and stresses, rather than weaker, so the evidence of permanent damage for normally healthy peeps is far from convincing absent some extreme or unusual circumstances (which would put them outside of the "normally healthy peeps" category).

[cmacwuz]

Italy reported, March 10, 18:00 CET

Verified cases: 10149 (+977 in the last 24 hours) ↘️
Case in need of special care: 877
Recovered: 1004 (+280 in the last 24 hours) ⬆️
Death: 631 (+168 in the last 24 hours) ↗️

Italy has more than 150 people died in 1 day!

Quick death rate calcs: Going by death/(death+cured) we get 38.5%. Going by death/infected and rolling 2 weeks back we get just under 25%.

What the hell is up with the italians?

It's been clear to me that all of the "statistics" are heavily weighted by testing strategy, and also by test accuracy. So Italy just tests people getting fucked by Covid19. Also, aside from China it looks like other country (S Korea, Taiwan) have curbed spread greatly by lockdown. But the grain of salt is that they probably are not testing as much.

When all is said and done I say it is highly contagious, kinda deadly to older folk, but severity depends on viral load. Just a hunch. So when gov does total lockdown quarantine it does not entirely stop the spread, but rather many infections are mild and untested. Do people have reason to refute what I am saying?

Otherwise, China, taiwan and others are totally deceiving with their testing strat to fake a recovery, which is bad news bears [if true]

[JayJuanGee]

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

Thanks, Phil_s.

F@H still seems to be a bit over my head in terms of how the transition from knowing about it into mining and bitcoin, and how the intellectual curiosity of computing might end up flowing into interests in bitcoin (and sure that might be for vapourminer to attempt to better explain those parts to dummies like my lil selfie) but at least I have the reference..... I cannot recall coming across that F@H term, previously.

[JayJuanGee]

I haven't thought too much ........

Well, obviously.   



 

[nanobtc]

I've been following the COVID-19 news with interest, but no panic. It is early in the game, lots of numbers are being thrown around. The sample is still small %-wise, and there is much that is under-reported.  I did see this (Forbes? I forget) and thought it wise words. Surely not gospel, but it is probably laced with fact.

Abdu Sharkawy
March 6 at 2:45 AM ·

I'm a doctor and an Infectious Diseases Specialist. I've been at this for more than 20 years seeing sick patients on a daily basis. I have worked in inner city hospitals and in the poorest slums of Africa. HIV-AIDS, Hepatitis,TB, SARS, Measles, Shingles, Whooping cough,  Diphtheria...there is little I haven't been exposed to in my profession. And with notable exception of SARS, very little has left me feeling vulnerable, overwhelmed or downright scared.

I am not scared of Covid-19. I am concerned about the implications of a novel infectious agent that has spread the world over and continues to find new footholds in different soil. I am rightly concerned for the welfare of those who are elderly, in frail health or disenfranchised who stand to suffer mostly, and disproportionately, at the hands of this new scourge. But I am not scared of Covid-19.

What I am scared about is the loss of reason and wave of fear that has induced the masses of society into a spellbinding spiral of panic, stockpiling obscene quantities of anything that could fill a bomb shelter adequately in a post-apocalyptic world. I am scared of the N95 masks that are stolen from hospitals and urgent care clinics where they are actually needed for front line healthcare providers and instead are being donned in airports, malls, and coffee lounges, perpetuating even more fear and suspicion of others.
 
I am scared that our hospitals will be overwhelmed with anyone who thinks they " probably don't have it but may as well get checked out no matter what because you just never know..." and those with heart failure, emphysema, pneumonia and strokes will pay the price for overfilled ER waiting rooms with only so many doctors and nurses to assess.

I am scared that travel restrictions will become so far reaching that weddings will be canceled, graduations missed and family reunions will not materialize. And well, even that big party called the Olympic Games...that could be kyboshed too. Can you even imagine?

I'm scared those same epidemic fears will limit trade, harm partnerships in multiple sectors, business and otherwise and ultimately culminate in a global recession.

But mostly, I'm scared about what message we are telling our kids when faced with a threat. Instead of reason, rationality, openmindedness and altruism, we are telling them to panic, be fearful, suspicious, reactionary and self-interested.

Covid-19 is nowhere near over. It will be coming to a city, a hospital, a friend, even a family member near you at some point. Expect it. Stop waiting to be surprised further. The fact is the virus itself will not likely do much harm when it arrives. But our own behaviors and "fight for yourself above all else" attitude could prove disastrous.

I implore you all. Temper fear with reason, panic with patience and uncertainty with education. We have an opportunity to learn a great deal about health hygiene and limiting the spread of innumerable transmissible diseases in our society. Let's meet this challenge together in the best spirit of compassion for others, patience, and above all, an unfailing effort to seek truth, facts and knowledge as opposed to conjecture, speculation and catastrophizing.

Facts not fear. Clean hands. Open hearts.
Our children will thank us for it.

Dr. Abdu Sharkawy, internal medicine and infectious diseases consultant with Toronto’s University Health Network and an assistant professor at University of Toronto.

[jojo69]

gatherings of greater than 250 people to be banned in Washington State

[JayJuanGee]

https://www.zerohedge.com/political/watch-live-pence-delivers-coronavirus-task-force-update-new-cases-deaths-climb

Trump supposedly about to deliver his Bailout plans to the world shortly. Rumor is cutting payroll taxes to zero among other goodies. Bullish bc the American worker would have more money to stack satoshis.

Possibly lots of money printing to be proposed as well.  

Does anyone think that if Bitcoin was invented before the 2009 financial crisis that all the money printed to bail out Wall Steet and Banks wouldnt have been insanely bullish for Bitcoin? I know I do.  

Anyone else inventing Bitcoin,

besides Satoshi The Bitcoin Saint,

would have gotten it patented and copyrighted went to the banks and made his billions that way. Can you imagine the trillions of dollars that

they could have made since 2009 and keeping the fees and such in the financial industry and banks the same. wow!

IMHO, Satoshi = 1st Bitcoin Saint!

Brad

Bitcoin largely has value because it is open source and satoshi disappeared without seeming to attempt to claim his coins.  You cannot change a few facts, such as Satoshi attempting to profit off of BTc and then extrapolate similar financial performance, value or networking effects outcomes.   

[Paashaas]

Covid-19 is affecting 119 countries, 119,217 cases worldwide with 4,299 deaths.

- First Italian doctor dead.

- Turkey, Jamaica, Panama and Bolivia reporting first cases.

- Iceland now has the highest number of cases per inhabitant in Europe.

- Coronavirus mortality in Lombardy is now 8%, more than double Wuhan rate. Health system on the brink of collapse.

- 4 new cases in Poland including the General commander of the Polish army.

- 100,000 inhabitants placed in lockdown in Lousada and Felgueiras, an hour and a half by car from Vigo in northern Portugal.

- World Trade Organization cancels all meetings through March 20 after one of its staff members tested positive.

- South Dakota and Michigan reporting first 5 cases. Cases in the U.S. is above 1000 with 31 deaths. Washington State considering "Rapid Lockdown".

- Slovenia, Switzerland closing borders with Italy.

- Austria closes border with Italy, bans indoor events with more than 100 people, and closes universities.

- British Airways, AirFrance, AirCanada and Ryanair have cancelled all international flights to and from Italy.

- Paraguay closes all schools and bans events and places with large groups of people.

- MGM Resorts to close Vegas buffets.

Anyone who believes anything from china, or WHO, can not be taken serious.

[Hueristic]

Your mom yells at you to the point where you tune her out and get dragged to the doctor, yet you hang out with men?

A likely story.

Lol, every once in a while I'm glad you get quoted Iban otherwise I would miss these gems.

[nutildah]

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.

These seem to be baseless, McCarthy era-level fears. I hope you don't actually believe this and are just using hyperbole to state your beliefs. Regardless, you're right in that its almost a moot point. America can now prepare itself for 4 more years of mediocrity and flow of wealth from the middle class to the rich.

[Hueristic]

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.

These seem to be baseless, McCarthy era-level fears. I hope you don't actually believe this and are just using hyperbole to state your beliefs. Regardless, you're right in that its almost a moot point. America can now prepare itself for 4 more years of mediocrity and flow of wealth from the middle class to the rich.

What middle class?

[bitebits]

Did not see this posted yet, 39 page report:

https://assets.documentcloud.org/documents/6616225/Plustoken-Report.pdf

This inaugural Special Situation Report will deliver the facts about PlusToken through the lens of on-chain bitcoin analysis

Issue 2 of the OXT Research PlusToken:
https://research.oxt.me/special-situation-report/2/preview

If I am reading this correctly, out of 178k BTC there are 38k BTC still to be dumped. We are getting there.

Approximately 80% of coins entering mixing have been distributed while up to 33,872 BTC remain in the mixer and 3,853 BTC are in the distribution process, resulting in a total of 37,725 BTC that have entered mixing, but not yet been distributed.

(Who in his right mind is that desperate for yuans to dump it all pre halving? Scammers getting free money. When I think about it, it is a true gift really. This has likely been artificially keeping the price down for the last 6+ months, probably shorting before dumping.)