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

[marcus_of_augustus]

https://medium.com/@tomaspueyo/coronavirus-act-today-or-people-will-die-f4d3d9cd99ca

With everything that’s happening about the Coronavirus, it might be very hard to make a decision of what to do today. Should you wait for more information? Do something today? What?

Here’s what I’m going to cover in this article, with lots of charts, data and models with plenty of sources:

    How many cases of coronavirus will there be in your area?
    What will happen when these cases materialize?
    What should you do?
    When?

When you’re done reading the article, this is what you’ll take away:

The coronavirus is coming to you.
It’s coming at an exponential speed: gradually, and then suddenly.
It’s a matter of days. Maybe a week or two.
When it does, your healthcare system will be overwhelmed.
Your fellow citizens will be treated in the hallways.
Exhausted healthcare workers will break down. Some will die.
They will have to decide which patient gets the oxygen and which one dies.
The only way to prevent this is social distancing today. Not tomorrow. Today.
That means keeping as many people home as possible, starting now.

[marcus_of_augustus]

https://www.thelancet.com/journals/lancet/article/PIIS0140-6736(20)30567-5/fulltext

Governments will not be able to minimise both deaths from coronavirus disease 2019 (COVID-19) and the economic impact of viral spread. Keeping mortality as low as possible will be the highest priority for individuals; hence governments must put in place measures to ameliorate the inevitable economic downturn. In our view, COVID-19 has developed into a pandemic, with small chains of transmission in many countries and large chains resulting in extensive spread in a few countries, such as Italy, Iran, South Korea, and Japan.1
Most countries are likely to have spread of COVID-19, at least in the early stages, before any mitigation measures have an impact.
...
Individual behaviour will be crucial to control the spread of COVID-19. Personal, rather than government action, in western democracies might be the most important issue. Early self-isolation, seeking medical advice remotely unless symptoms are severe, and social distancing are key.

[ChiNgadOr]

<snip>

For chancers and morons? well, I like to be one of them if it makes me earn money. The fact is that I have been trading already for 2 decades, and I can guarantee you that I made most of my profits trading instead of holding. Much more profitable after i shifted from traditional markets to crypto in 2011, because there is so high volatility (aka manipulation..)
Halvening will occur, market will rise, but not before another really BIG dump. By the way, I don't think BTC will never ever get close to last ATH.. then people wil start realizing money doesn't grow in trees.

We already know that money does not grow in trees. Money is something you print when you want which is backed by debt. I [the gov] can fake the debt and ask FED to print more money when I need. You want to know the future of your so called money? Here is the picture:



We really do not need money by the way.

2 decades of trading experience and your understanding of money is still not even close to my 13 months old girl.

Hope your 13 months old girl didn't went long on BTC

BY the way, I am still waiting for that 3.5k-5k BTC, while btc maximalists wait for  100K  halving.. let's see what happens
Why I claim this? reminder. https://bitcointalk.org/index.php?topic=5216737.0

[rolling]

You can keep coiling the spring but eventually it will let loose. Stock to flow implied value is currently $10k and will be $100k in less than two months! Crazy to be selling now, everyone thinks they can pile back in but there will be no time.

I am sure nobody here is considering selling from these low ass prices.

It is all about buying from which price point and how much.

Of course hodlers are fine either way. I set my personal price at $100k+ years ago.

I guess this selloff is good, it lets us shed more weak hands before the halving.

[marcus_of_augustus]

Switzerland has (as of posting this) 645 cases reported / 613 confirmed, 3 death so far (all already in critical condition before infection). These numbers will change once the ICU capacity is used up but it's still looking like a slightly more contagious but slightly less dangerous flu.

Hold up. The flu has a 0.1 lethality. How is that higher than 0.5?

I clearly said "cases reported".

I'd say a majority of people tested have strong symptoms at least or are already critical when they are tested. The very vast amount of cases are untested (hence not reported) - unlike with the seasonal flu where you need to see a doctor for a medical certificate when you don't go to work, therefor most of the cases get reported.

So, say for everyone tested, there are dozens of untested cases (and recovering silently, some even without noticing they had a flu). None of them dies, a lot of them have Corona and recover just unnoticed from any statistics. At 5 untested and recovered per one tested you get already completely different numbers and I am sure the ratio is even higher.

This is dangerous thinking, read the article I posted a couple previous. At 645 cases Switzerland already has more cases (tested) than when Wuhan locked down. CH likely has already 10,000 to 60,000 in the community. Every day they delay locking down from here creates exponentially more deaths at the other end when the hospitals get over run. Regions that have their hospitals over run have fatality ratios 3-5% (sometimes higher) .... not the flu.

[ivomm]

An open letter to weak hands.
Dear scaredy hands!
Clearly, you don't mind losing 10% of your wealth each day and buying TP. So I have the following gentle proposition.
If you didn't sell all your bitcoins until today (60 days before halving, which is priced in as we all know), consider this: the Earth population in near future will buy all available TP, driving the price of 1 TP roll per 10 000BTC. So I gracefully propose 1 TP roll for 1BTC right now. Send to me your bitcoins and I will FedEx you the TP right now.
Send the coins to: 3PVrzHfJxquWsVbhoZ1yWqswWFzhLMWXNG
Pm me your address.

You will thank me later.
Best regards!

[El duderino_]

<snip>

For chancers and morons? well, I like to be one of them if it makes me earn money. The fact is that I have been trading already for 2 decades, and I can guarantee you that I made most of my profits trading instead of holding. Much more profitable after i shifted from traditional markets to crypto in 2011, because there is so high volatility (aka manipulation..)
Halvening will occur, market will rise, but not before another really BIG dump. By the way, I don't think BTC will never ever get close to last ATH.. then people wil start realizing money doesn't grow in trees.

We already know that money does not grow in trees. Money is something you print when you want which is backed by debt. I [the gov] can fake the debt and ask FED to print more money when I need. You want to know the future of your so called money? Here is the picture:



We really do not need money by the way.

2 decades of trading experience and your understanding of money is still not even close to my 13 months old girl.

Hope your 13 months old girl didn't went long on BTC

BY the way, I am still waiting for that 3.5k-5k BTC, while btc maximalists wait for  100K  halving.. let's see what happens
Why I claim this? reminder. https://bitcointalk.org/index.php?topic=5216737.0

That’s the only thing we and all the rest of the world can do.... wait in see how it plays out, hope you don’t get toast, but I will not sell a single coin to buy 2 back at 3.4K....

[El duderino_]

In need for some sober HM hopium 

[ChiNgadOr]

<snip>

For chancers and morons? well, I like to be one of them if it makes me earn money. The fact is that I have been trading already for 2 decades, and I can guarantee you that I made most of my profits trading instead of holding. Much more profitable after i shifted from traditional markets to crypto in 2011, because there is so high volatility (aka manipulation..)
Halvening will occur, market will rise, but not before another really BIG dump. By the way, I don't think BTC will never ever get close to last ATH.. then people wil start realizing money doesn't grow in trees.

We already know that money does not grow in trees. Money is something you print when you want which is backed by debt. I [the gov] can fake the debt and ask FED to print more money when I need. You want to know the future of your so called money? Here is the picture:



We really do not need money by the way.

2 decades of trading experience and your understanding of money is still not even close to my 13 months old girl.

Hope your 13 months old girl didn't went long on BTC

BY the way, I am still waiting for that 3.5k-5k BTC, while btc maximalists wait for  100K  halving.. let's see what happens
Why I claim this? reminder. https://bitcointalk.org/index.php?topic=5216737.0

That’s the only thing we and all the rest of the world can do.... wait in see how it plays out, hope you don’t get toast, but I will not sell a single coin to buy 2 back at 3.4K....

All markets are dumping hard, but now I don't hear that propaganda about digital gold or safe haven anymore. The question is, why? According to this BTC should be rising in price but it is dumping really hard. I won't sell any single coin today, I am just shorting it and and then i will go long. As said before, there is no Satoshi Spirit about financial freedom or social inclusion anymore.. it is a shitty game played by whales and exchanges. Everyone can hold or sell, taking his own decisions and assuming the consequences.
Ps: I don't endorse also fiat at all.. the fact is that world economies are near to collapse and we are all on same boat and fucked.

[Cryptotourist]

BY the way, I am still waiting for that 3.5k-5k BTC, while btc maximalists wait for  100K  halving..

There is nothing like the smell of a bear-troll early in the morning!

Happy to see you. Honestly.
Keep waiting.

[Paashaas]

BTC is just going to rip a $1000 pump and leave bears speechless.

[somac.]

<snip>

For chancers and morons? well, I like to be one of them if it makes me earn money. The fact is that I have been trading already for 2 decades, and I can guarantee you that I made most of my profits trading instead of holding. Much more profitable after i shifted from traditional markets to crypto in 2011, because there is so high volatility (aka manipulation..)
Halvening will occur, market will rise, but not before another really BIG dump. By the way, I don't think BTC will never ever get close to last ATH.. then people wil start realizing money doesn't grow in trees.

We already know that money does not grow in trees. Money is something you print when you want which is backed by debt. I [the gov] can fake the debt and ask FED to print more money when I need. You want to know the future of your so called money? Here is the picture:



We really do not need money by the way.

2 decades of trading experience and your understanding of money is still not even close to my 13 months old girl.

Hope your 13 months old girl didn't went long on BTC

BY the way, I am still waiting for that 3.5k-5k BTC, while btc maximalists wait for  100K  halving.. let's see what happens
Why I claim this? reminder. https://bitcointalk.org/index.php?topic=5216737.0

That’s the only thing we and all the rest of the world can do.... wait in see how it plays out, hope you don’t get toast, but I will not sell a single coin to buy 2 back at 3.4K....

All markets are dumping hard, but now I don't hear that propaganda about digital gold or safe haven anymore. The question is, why? According to this BTC should be rising in price but it is dumping really hard. I won't sell any single coin today, I am just shorting it and and then i will go long. As said before, there is no Satoshi Spirit about financial freedom or social inclusion anymore.. it is a shitty game played by whales and exchanges. Everyone can hold or sell, taking his own decisions and assuming the consequences.
Ps: I don't endorse also fiat at all.. the fact is that world economies are near to collapse and we are all on same boat and fucked.

Bitcoin is a long-term game. If you haven't worked that out all ready there is no point for anyone to try and explain it to you.

[OutOfMemory]

BTC is just going to rip a $1000 pump and leave bears speechless.

certainly. but when? 

[mindrust]

$7293 7266 fAAACK

[MERlT]

BTC is just going to rip a $1000 pump and leave bears speechless.

certainly. but when? 

When Captain Trips begins to cull noteworthy Boomers. 

 

[El duderino_]

[El duderino_]

[El duderino_]

$7293 7266 fAAACK

Good for you, you where hoping for this and lower to burn out you FIAT, hope this time you will take the opportunity with open hands

[Last of the V8s]

Even the dude has run out of tp. ^^
panic stations

[El duderino_]

BTC is just going to rip a $1000 pump and leave bears speechless.

Yeah but a 1000 pump after a 2000 drop ... Then again its better as nothing, let it come  

On the other hand, the true HODLer who got his stuff figured out well and his needs in reach without depending on BTC short term actions is not affected and has to keep seeing long term perspective and the narrative that comes with its up and down... We never know whats gonna happen in the world, what we do know is that whatever bad thats happening will be used to get us some down trend in the BTC market, but good HODLers with there sh*t together will not be affected