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

[Ibian]

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.

The problem is that one idiot can ruin life for hundreds or thousands of people. And they outnumber us. Vastly.

Returning once again to our wonderful mouse utopia, modern research has been done on them. As we remember, the population first increases rapidly, then a bit slower before eventually leveling out. And then reversing until every single mices was dead.

Turns out that what happens is that at a certain population density, some of the mice get sick. Their primary sense is smell, and these sick mice make the others around them sick because their piss smells different. This triggers something in healthy mice that then make them sick, who go on to make even more healthy mice sick until they are all, to a tail, dysgenic specimens.

People like our spit-smearer is the human version of a sick mouse. If we simply allow them to go free, they will make the people around them sick. And so on.

We need to cleanse these people from the population. But we won't. And so a collapse is inevitable.

Totally makes sense. But we (the few) can't change that. So it's better to look at the positive aspects of our personal human life, or we make this life our personal hell.
Just retreat, little by little, from the masses. Surround yourself by "healthy" people.

Most important:
And keep away from others piss 

Yeah, one little detail. The human version of a collapsing population at the tail end is communism. And commies kill people like us. We would all have been dead if we lived in soviet russia. And it's coming to the west now. There is no safe way out other than leaving and never coming back.

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[OutOfMemory]

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.

The problem is that one idiot can ruin life for hundreds or thousands of people. And they outnumber us. Vastly.

Returning once again to our wonderful mouse utopia, modern research has been done on them. As we remember, the population first increases rapidly, then a bit slower before eventually leveling out. And then reversing until every single mices was dead.

Turns out that what happens is that at a certain population density, some of the mice get sick. Their primary sense is smell, and these sick mice make the others around them sick because their piss smells different. This triggers something in healthy mice that then make them sick, who go on to make even more healthy mice sick until they are all, to a tail, dysgenic specimens.

People like our spit-smearer is the human version of a sick mouse. If we simply allow them to go free, they will make the people around them sick. And so on.

We need to cleanse these people from the population. But we won't. And so a collapse is inevitable.

Totally makes sense. But we (the few) can't change that. So it's better to look at the positive aspects of our personal human life, or we make this life our personal hell.
Just retreat, little by little, from the masses. Surround yourself by "healthy" people.

Most important:
And keep away from others piss 

Yeah, one little detail. The human version of a collapsing population at the tail end is communism. And commies kill people like us. We would all have been dead if we lived in soviet russia. And it's coming to the west now. There is no safe way out other than leaving and never coming back.

Imo, communism (or something like it) could work, but not as long as there is an economy.
Mankind made a big mistake when inventing "money". We can't turn it back, the experiment failed.
The hippie idea wasn't that bad, but they fucked it up, for various reasons. We have to go with what is left, or go away, i agree.

[_javi_]

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

blah blah blah.. no excuses. BTC was designed to shine in a moment like this. And we are failing.

As a HODLer i'll keep my faith, while singing...

I'm taking a ride
With my best friend
I hope he never lets me down again

go Honey Badger, go!!

[gentlemand]

blah blah blah.. no excuses. BTC was designed to shine in a moment like this. And we are failing.

It don't matter what it was designed to do. What matters is how it's treated and perceived by its present owners. Most of them treat as the frilliest end of their betting slip.

[nutildah]

BTC was designed to shine in a moment like this.

It was designed to be a peer-to-peer version of electronic cash, not a "store of value" or something people buy and hope goes up in value so they can sell it at a higher price. The only thing we know for sure is that if bitcoin loses value, it won't be due to its own inflation.

[dragonvslinux]

Leaving this here for reference sake... everything is fine, on schedule for the halving whether this is the bottom, or we go a little lower...



Source: https://twitter.com/ChartsBtc/status/1237480799445733376

My outlook is that this pre-3rd halving price action looks more like the 2nd halving than the first, but make of it what you will.

[Paashaas]

Spain reports 372 new cases and 11 new deaths, raising total to 2,067 cases and 47 dead.

The weather in Spain is nice 20°C - 30°C...

[mindrust]

blah blah blah.. no excuses. BTC was designed to shine in a moment like this. And we are failing.

As a HODLer i'll keep my faith, while singing...

I'm taking a ride
With my best friend
I hope he never lets me down again

go Honey Badger, go!!

BTC is designed so shine against inflation and non-functioning banking system tbh.

It is not a hedge against pandemics.

Negative rates, QE, banks going down; bitcoin goes up.

Every other negative scenario takes bitcoin down too

[bitebits]

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

We will never see a five digit bitcoin again (trying to jinx it )

[Wilhelm]

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

We will never see a five digit bitcoin again (trying to jinx it )

we will never see 6 digit Bitcoin

[_javi_]

BTC was designed to shine in a moment like this.

It was designed to be a peer-to-peer version of electronic cash, not a "store of value" or something people buy and hope goes up in value so they can sell it at a higher price. The only thing we know for sure is that if bitcoin loses value, it won't be due to its own inflation.

So we shouldnt OBSERVE BTC/USD, and this thread is pointless?

[serveria.com]

We need to cleanse these people from the population.

Jawohl, mein Fuhrer. 

[nutildah]

BTC was designed to shine in a moment like this.

It was designed to be a peer-to-peer version of electronic cash, not a "store of value" or something people buy and hope goes up in value so they can sell it at a higher price. The only thing we know for sure is that if bitcoin loses value, it won't be due to its own inflation.

So we shouldnt OBSERVE BTC/USD, and this thread is pointless?

No.

It's possible to both observe the price of BTC and recognize what Satoshi intended it for. I mean I have a position open right now and I definitely want it to go up in price too, but I'm just saying, it wasn't designed to do well in times of panic. I'm not sold on the whole "safe haven" asset thing yet either. So far this year, it receives a failing grade in that regard. We have yet to fully witness how BTC does in a bear stock market / recession / depression.

Edit: I am upgrading the "failing grade" to a C, after examining it compared to the SPY. The standard for safe haven investments remains the dollar.

[Ibian]

BTC was designed to shine in a moment like this.

It was designed to be a peer-to-peer version of electronic cash, not a "store of value" or something people buy and hope goes up in value so they can sell it at a higher price. The only thing we know for sure is that if bitcoin loses value, it won't be due to its own inflation.

It was specifically meant to go way up in price. Otherwise it would never have gotten off the ground. Let's not pretend that we are not here mostly for the sake of making money.

[Ibian]

We need to cleanse these people from the population.

Jawohl, mein Fuhrer. 

Hitler was a very good boy.

[bitserve]

Spain reports 372 new cases and 11 new deaths, raising total to 2,067 cases and 47 dead.

The weather in Spain is nice 20°C - 30°C...

Where I am it is right now at around 30, even slightly higher at some times of the day. The number of infected is VERY low in comparison to the rest of Spain. If it keeps that way it will probably confirm that higher temps and dry climate really do help in stopping the spreading of the virus.

Good thing this has happened right at the start of the good weather.

[nutildah]

It was specifically meant to go way up in price. Otherwise it would never have gotten off the ground.

I don't remember Satoshi saying that.

Let's not pretend that we are not here mostly for the sake of making money.

So how does constantly espousing genocidal solutions to problems beyond your control make you money?

Hitler was a very good boy.

Ah, I see, you're filling in for roach while he's gone. Heaven forbid the thread be free of his level of stupidity for one day.

[jojo69]

[Ibian]

It was specifically meant to go way up in price. Otherwise it would never have gotten off the ground.

I don't remember Satoshi saying that.

Which is not relevant at all.

Let's not pretend that we are not here mostly for the sake of making money.

So how does constantly espousing genocidal solutions to problems beyond your control make you money?

Which ones? There are so many.

[Icygreen]

reform is coming
Bitcoin is positioning
hold because you know