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

[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.)

[Phil_S]

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

Eventually natural immunities will develop and herd immunity will kick in. But not before at least 80% of the population is infected. This is not guessing, we can compare with other diseases with similar infectiveness.

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

Yet on Diamond Princess, about 20% got infected.

[VB1001]

MARTY'S ɃENT
Issue #694: shallow safety v. deep safety
My long-term bet is on the system exhibiting deep safety.

Building on yesterday's issue in which I explained why I will keep stacking sats regardless of short-term price movement. As long as the important fundamentals - hash rate, protocol development, full node operation, proliferation of second layers, and public awareness - keep improving, I am completely comfortable storing value in UTXOs. This is because these improving fundamentals strengthen Bitcoin's deep safety.

https://tftc.io/martys-bent/issue-694/

[HairyMaclairy]

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

Eventually natural immunities will develop and herd immunity will kick in. But not before at least 80% of the population is infected. This is not guessing, we can compare with other diseases with similar infectiveness.

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

Yet on Diamond Princess, about 20% got infected.

While restricted to cabins

[Ibian]

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

Eventually natural immunities will develop and herd immunity will kick in. But not before at least 80% of the population is infected. This is not guessing, we can compare with other diseases with similar infectiveness.

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

Yet on Diamond Princess, about 20% got infected.

Once again ad infinitum, a ship is not a country. Besides the numbers on the plague ship don't seem to be adding up. We are not being told something.

That aside, I should be a little clearer. The entire world is going to be exposed to the virus, but we don't know what the risk of getting sick after exposure is. Just another missing piece of this whole mess.

[Phil_S]

https://www.bbc.com/news/world-asia-51555420

Kentaro Iwata, professor at the infectious diseases division of Japan's Kobe University, described the situation on board as "completely inadequate in terms of infection control".

After visiting the ship, Prof Iwata posted a video to YouTube stating that the quarantine measures he witnessed failed to separate the infected from the healthy.

He reported:

    Passengers and crew members moving freely between the green zone, which is supposedly infection-free, and the virus-hit red zone
    People eating together and sharing living quarters
    A failure to wear protective clothing, including among medical staff
    No professional infection control specialist on board

Yeah sure, a ship is not a country. It's way worse. Population density on the ship is huge compared to a country. Imagine living in close very proximity to 700 infected passengers, all of them breathing, coughing, etc.

More from that guy:

The expert said he was more afraid of catching the virus on board than he had been working in the field in Africa during the Ebola epidemic and in China during the Sars (severe acute respiratory syndrome) outbreak.

[JayJuanGee]

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

Eventually natural immunities will develop and herd immunity will kick in. But not before at least 80% of the population is infected. This is not guessing, we can compare with other diseases with similar infectiveness.

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

Yet on Diamond Princess, about 20% got infected.

Once again ad infinitum, a ship is not a country. Besides the numbers on the plague ship don't seem to be adding up. We are not being told something.

That aside, I should be a little clearer. The entire world is going to be exposed to the virus, but we don't know what the risk of getting sick after exposure is. Just another missing piece of this whole mess.

shit's getting real if Ibian is considered as the reasonable and serious one.

 

[OutOfMemory]

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

So they gonna close down subway stations?
From yesterday, we have national limits of 100 people indoors, 500 people outdoors per gathering.
Borders to Italy are closed, only limited passing allowed, as delivery trucks (drivers will be interviewed and checked for symptoms), nationals will have to go into quarantine after returning to the country. high schools and universities to be closed on monday, switching to e-learning, schools and childcare facilities should evaluate and prepare for possible closure within the next days/weeks.
People advised to stay at home, go out only if needed and reduce contacts to people, avoid crowds.

I think we had 200 cases so far, no deaths, one critical case and a handful of healed patients.
Testing is done only when symptoms occur, followed by contact tracing if positive. Contact persons are informed and put into home quarantine for 14 days.
No real worries, yet.

[mindrust]

Critical moments are ahead.

[OutOfMemory]

Critical moments are ahead.

Absolutely no sweat above unless below $7.6k
How many times has the trust in bitcoin been tested already?
#hodl

[kellrobinson]

Ready for liftoff, all systems go

[mindrust]

Critical moments are ahead.

Absolutely no sweat above unless below $7.6k
How many times has the trust in bitcoin been tested already?
#hodl

I am flashing $5k. aand done. Still have stronk FIAT reserves but a lot less than what it was 3 months ago.

[ivomm]

The 5% combined order book looks pretty impressive in favour of the bulls, esp. on Bitfinex. This should be the end of the bear cycle.

[Phil_S]

[El duderino_]

A 5-digit BTC not asking for more .... in the short term 

[nutildah]

This is interesting. Just one question: why are your DJI and NASDAQ lines always squiggly? Do they incorporate futures (closed market) trading?