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

[VB1001]

Bitcoin Optech Newsletter Mar 11, 2020

This week’s newsletter links to a description of methods for preventing hardware wallets from leaking private information through transaction signatures, provides an update on the BIP322 generic signmessage protocol, and summarizes a recent meeting of the Bitcoin Core PR Review Club. Also included are our regular sections about new releases and notable merges of popular Bitcoin infrastructure projects.

https://bitcoinops.org/en/newsletters/2020/03/11/

[El duderino_]

BTC hasn’t to react on Trumps Eu - USA call.... I cannot travel to the USA, but my border less BTC still can!

[Hueristic]

https://foldingforum.org/viewtopic.php?f=66&t=32274&sid=493ce04581b810b028f545e2287e65c8

Thank you all for your patience as we spent a week deciding on how to best use the awesome extra power we've gotten from all you folks wanting to help out with the coronavirus effort. We've settled on 6 projects for now, and there's a lot of new biochemistry data coming in that we'll most likely set up more projects with.

Here are short descriptions of the projects -- please give us a few more days to get you a full blog post explaining more biochemistry and what your work can achieve with these projects. In general, we're looking for alternative conformations and hidden pockets within the most promising drug targets, which can only be seen in simulation and not in static crystal / cryo-EM structures. There's some very fresh drug screening data coming out now for some of these, which we'll use to validate the simulations and help direct the screening efforts -- collecting as much data, as rapidly as possible will be crucial, and thank you again for making that possible!

All projects are using the new OpenMM GPU Core22.

11741: Coronavirus SARS-CoV-2 (COVID-19 causing virus) receptor binding domain in complex with human receptor ACE2. atoms: 165550, credit: 15396

11742: Coronavirus SARS-CoV-2 (COVID-19 causing virus) protease in complex with an inhibitor. atoms: 62227, credit: 9405

11743: Coronavirus SARS-CoV-2 (COVID-19 causing virus) protease - potential drug target. atoms: 62180, credit: 9405

11744: Coronavirus SARS-CoV (SARS causing virus) receptor binding domain trapped by a SARS-CoV S230 antibody. atoms: 109578, credit: 7608

11745: Coronavirus SARS-CoV (SARS causing virus) receptor binding domain mutated to the SARS-CoV-2 (COVID-19 causing virus) trapped by a SARS-CoV S230 antibody. atoms: 110370, credit: 7685

11746: Coronavirus SARS-CoV-2 (COVID-19 causing virus) receptor binding domain in complex with human receptor ACE2 (alternative structure to 11741). atoms: 182699, credit: 16615

[UnDerDoG81]

Cmon am I the only one who thinks this Corona is some invention of evil forces to justify the coming crash/financial crisis? Now it's so easy for the blameworthy to point their fingers to the Virus. It's all such a huge sad joke. They kill people just to save their asses! And the 99.9% still sleeps and watches what these super elite does to humanity. Insane!

[mindrust]

Observing $7493, only 60 days left to the bitcoin block half all is good. Not.  

[Icygreen]

The fear is real! Corona eating us and the markets alive!  Hard time to buy RN   but happy for the discount.
RSI below 30 on daily and just over 30 hourly.  Observing $74xx
Floor around $6500 I presume.  

[somac.]

The fear is real! Corona eating us and the markets alive!  Hard time to buy RN   but happy for the discount.
RSI below 30 on daily and just over 30 hourly.  Observing $74xx
Floor around $6500 I presume.  

I'm thinking the same.

Edit: observing 7300s, damn panic sellers

[mindrust]

$7395 foooark. Flashing another $10k @ $6500.

[JSRAW]

- Actor Tom Hanks says he and his wife have tested positive for coronavirus.

Don't want to make fun of this situation but dude is survivor.
  
1994- Vietnam war
2000- Island
2013- Pirates
2016- Plane-landing in River

[El duderino_]

Strange times to live in and be a part of....

[somac.]

$7395 foooark. Flashing another $10k @ $6500.

10k is my entry. finishes the H&S and matches up with a few other indicators

[OutOfMemory]

good morning.
next 35 mins are critical.
observing $7417

EDIT:

[JayJuanGee]

Now:  "bring back the real nutildah... I insist!!!!!!!!   "

 

I've been saying the same thing for years, so consider STFU, JJG. It is Thursday, after all...

If there is a panic on Wall Street, crypto will be the first to feel the effects as it is the highest risk category of high risk investments. This is due to institutional money now being firmly entangled in the crypto market, even if its just mainly bitcoin.

You actually merited this post, JJG:

A new recession will be the true test of bitcoin's market resilience. It will also determine what % of the market cap is currently propped up by Wall Street. As bitcoin is the highest risk of the high risk investment class (actually altcoins are the very highest), a recession will see a sell-off of institution-owned BTC.

If BTC can then establish itself as a "safe haven" investment after the outflow of institutional money, then yeah, sky's the limit.

Though I don't prefer to be the bringer of negativity, bitcoin is among the highest of the high-risk investment category. If there's a market sell-off, BTC, now inexorably tied with Wall Street, will be one of the first assets to suffer a major sell-off, as big-time investors (however ironically) plow their money into cash.
...
The case for BTC being some sort of alternative store of value to the dollar just isn't there yet, IMHO. Speculators have to get out first, which as we all know, isn't happening any time soon.

I agree we don't know how it will work exactly, but my hunch is a recession will drag it down since it is seen as an "extremely high risk" investment. This is the category of investment most likely to tank first in a stock market crash. For the longest time there was no correlation between BTC and stock market movement but that began to change last year when Wall Street started moving in.

Bitcoin only has the potential to be a safe haven investment compared to the dollar if in response to a new crash the feds begin a new game of QE that makes the last one look like Little League. Otherwise the dollar is the go-to investment during a recession.

Fair enough.. that you might be the same consistent nagging nabobs of negativism.

I am going to hold off on sending any additional smerits, for now, since you are kind of being annoying, currently.     

[Icygreen]

Mempool is empty currently, it fills and empties rhythmically over the last week. Thinking this isn't panic selling, just shakeouts.
Bought a small bit and it confirmed in about 1 minute.
https://jochen-hoenicke.de/queue/#0,1w

[JayJuanGee]

Cmon am I the only one who thinks this Corona is some invention of evil forces to justify the coming crash/financial crisis? Now it's so easy for the blameworthy to point their fingers to the Virus. It's all such a huge sad joke. They kill people just to save their asses! And the 99.9% still sleeps and watches what these super elite does to humanity. Insane!

NO you are not as unique as you attempt to present yourself.

There are others with similar skeptical theories... maybe not exactly the same, but similar...   Don't try to assert that you are the first person who has ever argued that there is a bit of either conspiracy going on or st minimum the taking advantage of a crisis by elites in order to exploit and marginalize the public in various ways, including that costs tend to be more borne by the public, and the rich always figure out ways to make money off the backs of the plebs.

[El duderino_]

Give us volatility, just in the other direction.... only fools are selling now imo

[Paashaas]

- Actor Tom Hanks says he and his wife have tested positive for coronavirus.

Don't want to make fun of this situation but dude is survivor.
  
1994- Vietnam war
2000- Island
2013- Pirates
2016- Plane-landing in River

You forgot Cast Away

[JayJuanGee]

Give us volatility, just in the other direction.... only fools are selling now imo

My next buy orders are at about $7,200 and thereafter every $200.  I would prefer that they do not fill... but whatever, I will take more corn, even if unwillingly.. Can't really control, but at least testing down to $7k and maybe even getting down to test $6,424 is seeming quite reasonable, too, given the current momentum and even given that I would prefer that those price moves do not happen.

[JSRAW]

- Actor Tom Hanks says he and his wife have tested positive for coronavirus.

Don't want to make fun of this situation but dude is survivor.
  
1994- Vietnam war
2000- Island
2013- Pirates
2016- Plane-landing in River

You forgot Cast Away

2000 - Cast Away ( Island) 

[nutildah]

Fair enough.. that you might be the same consistent nagging nabobs of negativism.

I am going to hold off on sending any additional smerits, for now, since you are kind of being annoying, currently.      

I don't consider maintaining a consistent viewpoint to be "negativism" -- its just not in line with your own.

I can learn to live with your punishment, and reserve an open-mindedness in meriting your posts if for some reason the situation should arise.