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

[Gyrsur]

You:  I don’t like the idea that I’m not in control of my life.

Satoshi: I know exactly what you mean! ...Let me tell you why you’re here - you're here because you know something. What you know, you can’t explain - but you feel it. You felt it your entire life. There’s something’s wrong with the world. You don’t know what, but it’s there. Like a splinter in your mind, driving you mad. It is this feeling that has brought you to me. ...Do you know what I’m talking about?

You: That gigantic systematic redistribution at the expense of self-determined life?

Satoshi: I'm done!

[somac.]

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.

That is good, looking bullish. Thanks for posting. I've been trying to look at that for the past 2 days but the page wasn't working for me. Is now though.

[Phil_S]

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

I guess... not sure. Just experimenting.

[Cryptotourist]

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

Should have left it to "Okay".
Arguments? No sir. Do you have any? N O P E.

Numbers? Please...
At this point you're just FUDing the hell out of this virus, whilst most of us are merely speculating.
No, you're not informing us.

I hate it when people spread fear, especially when there is not much the average Joe can do.

[El duderino_]

Wpt Barcelona cancelled

Partypoker event cancelled

........

[Heater]

You:  I don’t like the idea that I’m not in control of my life.

Satoshi: I know exactly what you mean! ...Let me tell you why you’re here - you're here because you know something. What you know, you can’t explain - but you feel it. You felt it your entire life. There’s something’s wrong with the world. You don’t know what, but it’s there. Like a splinter in your mind, driving you mad. It is this feeling that has brought you to me. ...Do you know what I’m talking about?

You: That gigantic systematic redistribution at the expense of self-determined life?

Satoshi: I'm done!

Reminds me of my first post here from Nov 2013:

https://bitcointalk.org/index.php?topic=343475.msg3680065#msg3680065

[El duderino_]

via Imgflip Meme Generator

The world is truly filled with people that doesn't belong to be among others.... I'm sometimes really starting to dislike human behavior overall 

Positive this isn't a BTC enthousiast or community member

[El duderino_]

My mother lives in Rio, ask her husband how the situation is there with Corona spreading...

"Touch wood, normal. Few cases coming from Italy and Spain. Carnaval passed ok, more than 2 weeks, no spread out too much. I think ,pretty sure  , hot weather is helping the situation. No instructions."

[NeuroticFish]

I'm sometimes really starting to dislike human behavior overall  

There are a huge variety of humans, from smart, nice and common sense ones to blatant idiots. You know that. Don't let the scourges affect your overall feelings, you are better than that.

[Last of the V8s]

I fell ill yesterday and have just been diagnosed with #COVID2019. Everybody who had close contact @EthCC_ or @ETHLondon with me should take extra precautions and/or get tested

As well as being a shitcoiner, he's also now got the virus

[dragonvslinux]

Reminder that we are at VERY strong support

Good call... I just longed a small position with 10x leverage at $7.8K, stop loss at the lows  
Willing to get this position rekt.

[El duderino_]

Galaxy Digital CEO Mike Novogratz has attempted to explain what exactly happened to Bitcoin's safe haven status. In his new tweet, he writes that investors tend to 'take leverage down' and book profits during such black swan events.

via Imgflip Meme Generator

Not a hedge asset

From the U.S. stock market suffering from its quickest correction since the Great Depression to oil prices plummeting 16 percent — this week will surely go down in history.

When global markets got gripped by a ruthless sell-off, Bitcoin failed to serve as a store of value, which many believe should be its main use case. In fact, BTC performed worse than any traditional asset, shedding 15 percent of its value in less than a week. At press time, it is just trading just below its key support level of $8,500.

Bonds, not Bitcoin

While gold bugs were quick to dismiss Bitcoin's as a hedge against economic uncertainty, Novogtatz's claim about investors booking profit definitely holds water.

One of the biggest surprises of this tumultuous week was the gold price recording a five percent drop on Friday. The yellow metal is considered to be the most robust store of value.

Just like during the 2008 crisis, investors started liquidating both stocks and gold for covering their margin calls. Bonds and cash turned out to be the real safe haven. 
https://u.today/mike-novogratz-explains-why-bitcoin-btc-is-failing-as-safe-haven

During his recent interview with TD Ameritrade Network, Ari Paul, the CTO of BlockTowerCapital, agreed with Galaxy Digital CEO Mike Novogratz that more money printing initiated by central banks around the globe could be the most bullish case for Bitcoin (BTC).

Is #bitcoin’s store of value use-case broken after its big break from bonds and gold? $btc@AriDavidPaul weighs in:

However, he predicts that Bitcoin could mirror gold in 2008 with a delayed reaction to the looming economic crash.

More aggressive rate cuts

As reported by U.Today, the U.S. Federal Reserve did a 50 bps emergency rate cut on March 3 to cushion the devastating blow from the coronavirus pandemic. However, it provided only a temporal relief for the equities market that had its worst day since the previous recession on March 9.

Now that President Donald Trump calls the Fed 'pathetic' and pressures it to cut rates in a more aggressive manner, things could get really bullish for Bitcoin as Novogratz predicted earlier.

"I totally agree with Novogratz that the strongest bull case for Bitcoin is what we are seeing right now, which is the entire U.S. Treasury curve below one percent," Paul said.   

https://u.today/mike-novogratz-thinks-its-strongest-bull-case-for-bitcoin-btc-ari-paul-agrees

[El duderino_]

I'm sometimes really starting to dislike human behavior overall  

There are a huge variety of humans, from smart, nice and common sense ones to blatant idiots. You know that. Don't let the scourges affect your overall feelings, you are better than that.

Naaah I know many are the better ones, but 1 idiot fool on a 100 is already much... But my overall feeling are quiet Ok, I just hate reading the worst of them.... Daily proportion of reading are filled with them negative ones, of-course then again that the news and where the most reading is based up on. 

[OutOfMemory]

Wpt Barcelona cancelled

Partypoker event cancelled

........

Does Full Tilt etc. now require you to wash hands before buying into an online tournament, too?

I'm sometimes really starting to dislike human behavior overall  

There are a huge variety of humans, from smart, nice and common sense ones to blatant idiots. You know that. Don't let the scourges affect your overall feelings, you are better than that.

Naaah I know many are the better ones, but 1 idiot fool on a 100 is already much... But my overall feeling are quiet Ok, I just hate reading the worst of them.... Daily proportion of reading are filled with them negative ones, of-course then again that the news and where the most reading is based up on.  

Wrong way to look at it.
If you swim in a sea of fools, you have to enlighten youself that there are some islands populated with nice, intelligent people. This should be your reference, or you might drown in masses of idiots. Don't get frustrated by the things you can't change. Change your view/approach  

EDIT: I had to combat this too. Once you don't belong to the idiots any more, you start to recognize how many they are.

[Ibian]

You:  I don’t like the idea that I’m not in control of my life.

Satoshi: I know exactly what you mean! ...Let me tell you why you’re here - you're here because you know something. What you know, you can’t explain - but you feel it. You felt it your entire life. There’s something’s wrong with the world. You don’t know what, but it’s there. Like a splinter in your mind, driving you mad. It is this feeling that has brought you to me. ...Do you know what I’m talking about?

You: That gigantic systematic redistribution at the expense of self-determined life?

Satoshi: I'm done!

As big as that is, it's still just a symptom.

I remember the moment where I knew, with terrible certainty, that something was very, very wrong with the world. It took many years before I understood it, much less was able to attempt to explain it. But it's there. It's a very, very real thing.

[Ibian]

via Imgflip Meme Generator

The world is truly filled with people that doesn't belong to be among others.... I'm sometimes really starting to dislike human behavior overall 

Positive this isn't a BTC enthousiast or community member

What do you think? Sacrifice him to the gods or burn him as a witch?

[Gyrsur]

Galaxy Digital CEO Mike Novogratz has attempted to explain what exactly happened to Bitcoin's safe haven status. In his new tweet, he writes that investors tend to 'take leverage down' and book profits during such black swan events.

via Imgflip Meme Generator

Not a hedge asset

From the U.S. stock market suffering from its quickest correction since the Great Depression to oil prices plummeting 16 percent — this week will surely go down in history.

When global markets got gripped by a ruthless sell-off, Bitcoin failed to serve as a store of value, which many believe should be its main use case. In fact, BTC performed worse than any traditional asset, shedding 15 percent of its value in less than a week. At press time, it is just trading just below its key support level of $8,500.

Bonds, not Bitcoin

While gold bugs were quick to dismiss Bitcoin's as a hedge against economic uncertainty, Novogtatz's claim about investors booking profit definitely holds water.

One of the biggest surprises of this tumultuous week was the gold price recording a five percent drop on Friday. The yellow metal is considered to be the most robust store of value.

Just like during the 2008 crisis, investors started liquidating both stocks and gold for covering their margin calls. Bonds and cash turned out to be the real safe haven.  
https://u.today/mike-novogratz-explains-why-bitcoin-btc-is-failing-as-safe-haven

During his recent interview with TD Ameritrade Network, Ari Paul, the CTO of BlockTowerCapital, agreed with Galaxy Digital CEO Mike Novogratz that more money printing initiated by central banks around the globe could be the most bullish case for Bitcoin (BTC).

Is #bitcoin’s store of value use-case broken after its big break from bonds and gold? $btc@AriDavidPaul weighs in:

However, he predicts that Bitcoin could mirror gold in 2008 with a delayed reaction to the looming economic crash.

More aggressive rate cuts

As reported by U.Today, the U.S. Federal Reserve did a 50 bps emergency rate cut on March 3 to cushion the devastating blow from the coronavirus pandemic. However, it provided only a temporal relief for the equities market that had its worst day since the previous recession on March 9.

Now that President Donald Trump calls the Fed 'pathetic' and pressures it to cut rates in a more aggressive manner, things could get really bullish for Bitcoin as Novogratz predicted earlier.

"I totally agree with Novogratz that the strongest bull case for Bitcoin is what we are seeing right now, which is the entire U.S. Treasury curve below one percent," Paul said.  

https://u.today/mike-novogratz-thinks-its-strongest-bull-case-for-bitcoin-btc-ari-paul-agrees

The BTDude deserves credit for that find. He is a soldier for BTCitcoin. Please honor him.

#nohomo

[nutildah]

I remember the moment where I knew, with terrible certainty, that something was very, very wrong with the world. It took many years before I understood it, much less was able to attempt to explain it. But it's there. It's a very, very real thing.

https://www.youtube.com/watch?v=80g-M1rPX5M

[El duderino_]

World
Coronavirus Conference Gets Canceled Because of Coronavirus


https://www.bloomberg.com/news/articles/2020-03-10/coronavirus-conference-gets-canceled-because-of-coronavirus

[OutOfMemory]

You:  I don’t like the idea that I’m not in control of my life.

Satoshi: I know exactly what you mean! ...Let me tell you why you’re here - you're here because you know something. What you know, you can’t explain - but you feel it. You felt it your entire life. There’s something’s wrong with the world. You don’t know what, but it’s there. Like a splinter in your mind, driving you mad. It is this feeling that has brought you to me. ...Do you know what I’m talking about?

You: That gigantic systematic redistribution at the expense of self-determined life?

Satoshi: I'm done!

As big as that is, it's still just a symptom.

I remember the moment where I knew, with terrible certainty, that something was very, very wrong with the world. It took many years before I understood it, much less was able to attempt to explain it. But it's there. It's a very, very real thing.

It's within the brain. If we don't use it consciously, it starts to produce random output (like constantly background-dreaming), but our minds are not yet developed so far that we can recognize this as virtual, so we consider it as real. Our minds are constantly talking to us, and most of the time it's pretty dumb/bad shit. It's pre-warming for what it's needed, but if we distract ourselves by media, entertainment and so on, we don't use it. So it starts using us....