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

[mindrust]

This is just straight up bullshit..
Bitcoin was supposed to be protection from shit like this, not just dump right off right along with the mainstream economy..
I'm pissed..

I'm sure you guys have 20 excuses for why "China Virus is Bullish" was so totally wrong..
All I can think of is TYVM regulation shills and mainstream market adoption shills..
Now BTC is tied right to the funny money markets, WTF is it good for now?

No, I didn't lose any trades on this or sell anything, but this is totally shaking by belief of what Bitcoin is supposed to be..
This is the exact opposite of what Bitcoin is supposed to do.. Great global markets crashing and there goes Bitcoin plunging right along with it..

Feds announce massive market bailouts.. Bitcoin doesn't even move..

Calm down. Even gold is down.

Bitcoin is alternative to the Central Banks. It is a parallel banking system. Good or bad the legacy banking is still functioning.

What do you think people gonna use for buying stuff from Ebay when banks are gone? Physical gold coins with Fedex?

USD is destorying itself right now. You may just not notice it yet.

[Lambie Slayer]

https://www.nytimes.com/1987/01/30/us/aids-may-dwarf-the-plague.html 

[El duderino_]

$7000 BTC in one hour 

Would feel like a victory today  

[gentlemand]

This is just straight up bullshit..
Bitcoin was supposed to be protection from shit like this, not just dump right off right along with the mainstream economy..
I'm pissed..

With all due respect if you believed Bitcoin would somehow be immune to the global economy tossing its cookies then you are a silly sausage.

Bitcoin is owned by people. People tend to react to extreme things in the same manner no matter what the arena.

Let's see what the recoveries look like and judge again.

[jojo69]

"there is nothing more helpless and irresponsible than a man in the depths of an ether binge."

[El duderino_]

Is it now officially open to say........... All TA is flawed most of the times?  

Or just all the times

[suchmoon]

Feds announce massive market bailouts.. Bitcoin doesn't even move..

To be fair, the "market" wasn't impressed with those bailouts either... S&P is still down 8%.

[Ibian]

New poll, what concerns the WO most

BTC or Corona

Corona. Corona. Myyyy Corona!

Edit: Oh, an actual poll. I can't answer that. Bitcoin is my economic salvation and I am not worried about Corona-tama. On the contrary, it is highly interesting and in the long term the upsides to a plague like this may outweigh the damage it does. I just hope my folks don't get sick but other than that, bring on the kung flu.

[Lambie Slayer]

This is just straight up bullshit..
Bitcoin was supposed to be protection from shit like this, not just dump right off right along with the mainstream economy..
I'm pissed..

I'm sure you guys have 20 excuses for why "China Virus is Bullish" was so totally wrong..
All I can think of is TYVM regulation shills and mainstream market adoption shills..
Now BTC is tied right to the funny money markets, WTF is it good for now?

No, I didn't lose any trades on this or sell anything, but this is totally shaking by belief of what Bitcoin is supposed to be..
This is the exact opposite of what Bitcoin is supposed to do.. Great global markets crashing and there goes Bitcoin plunging right along with it..

Feds announce massive market bailouts.. Bitcoin doesn't even move..

Bitcoin is long term protection. Long term the Chinese Flu will be bullish for it. If someone had stocks and wanted something that moved at a perfect inverse then you short those stocks. The Dude already posted a nice article that discussed gold getting rekt in 2009 w stocks before it took off to the moon.

If you bought VT (the total world stock index of Vanguard) and Bitcoin on Dec 31 the day Coronavirus became a global story, then you lost about 24 percent on the world stocks, and about 15 percent on Bitcoin.

Bitcoin has outperformed stocks despite plus token scammers selling at any price.

Also global stocks wont be cutting their supply in half in 59 days, while Bitcoin will.

A famous nocoiner Warren Buffet said "Price is what you pay, Value is what you get."  Buffet was right about this one. This new flu that has only killed a small amount of people and is subsiding in China already has caused tremendous money printing already and much more to come.

Today that may not have increased the price of Bitcoin, but the value has increased greatly and when all the noise washes away the price will reflect that down the road.

[VB1001]

https://twitter.com/spectatorindex/status/1238166848551538688

[Lambie Slayer]

Statement Regarding Treasury Reserve Management Purchases and Repurchase Operations

Today, March 12, 2020, the Desk will offer $500 billion in a three-month repo operation at 1:30 pm ET that will settle on March 13, 2020.  Tomorrow, the Desk will further offer $500 billion in a three-month repo operation and $500 billion in a one-month repo operation for same day settlement.  Three-month and one-month repo operations for $500 billion will be offered on a weekly basis for the remainder of the monthly schedule.  The Desk will continue to offer at least $175 billion in daily overnight repo operations and at least $45 billion in two-week term repo operations twice per week over this period.

COVBULL-19 doing what it does best. Causing money printers to go all out.

[Torque]

A famous nocoiner Warren Buffet said "Price is what you pay, Value is what you get."  Buffet was right about this one.

This is especially true when you take the red pill and investigate why most stocks, like tech stocks, are insanely overvalued at IPO, by literal orders of magnitude (think 1000x or 10,000x the price of they should hit the market for). It's because 99.999999% of the total stock shares, in the hundreds of millions, a small group already owns before the IPO. Like a massive shitcoin pre-mine. What hits the float for exchange trade is minuscule by comparison, and even that is already leverage 100x at launch.

This is why Bitcoin launched with no value, and then on to fractions of a penny, and so on... and it's still undervalued comparatively.

[Raja_MBZ]

I'm too afraid to open my Blockfolio at this time. It seems like my portfolio caught the Coronavirus.

[Lambie Slayer]

https://www.cnbc.com/2020/03/12/european-central-bank-stimulus-package-amid-coronavirus.html

"The European Central Bank decided Thursday not to cut interest rates, despite market expectations for a reduction amid the ongoing coronavirus outbreak.

However, the central bank did announce measures to support bank lending and expanded its asset purchase program by 120 billion euros ($135.28 billion)."

COVBULL-19 forced money printers to make another 135 billion. Markets wanted more, markets puked, and markets will soon get more, bc central bankers always print more when the markets punish them.

We have seen with stocks in the past that it takes time for all this fresh money to be printed and to find its way into asset valuations. But rest assured, thats exactly where its going and Bitcoin will benefit.

[eddie13]

This is just straight up bullshit..
Bitcoin was supposed to be protection from shit like this, not just dump right off right along with the mainstream economy..
I'm pissed..

With all due respect if you believed Bitcoin would somehow be immune to the global economy tossing its cookies then you are a silly sausage.

Bullshit..
Bitcoin is supposed to be the hedge against the global markets tossing their cookies..

I called this shit over a month ago, but no, everyone has been nothing but all "China Virus is sooo bullish guys!"..

I think you guys might be overestimating the pump value on BTC that the China Virus has..

If I was a Chinese guy and had a lot of extra money, sure, putting it into Bitcoin would probably be a good idea rather than holding it in CNY or Chinese stocks..

If I was a Chinese guy with some Bitcoin but not a lot of extra money, I'd be selling the crap out of Bitcoin to buy prepping supplies like food and water to hold up for months without needing to go out..


If this was happening where I live.. I would probably be trading some/much of my Bitcoin for a bunch of 5.56Coin, .308Coin, ParabellumCoin, food, and other supplies, if I needed to..

If this was threatening me, I wouldn't be too concerned about making money on Bitcoin, unless I had so much money I didn't need it all for supplies..

Me personally, I am pretty well prepped already..

If it's time to buy a load of food and gasoline, top up, in this current market I wouldn't need to dip into my Bitcoins to buy these things, nor would it be the most convenient way..


Just saying.. I'm not sure that a Pandemic would be 100% good for Bitcoin..

Not only was the China Virus NOT bullish, but it has absolutely Fing TANKED on ncov.. TANKED!!!

We were on track to 11-15k for the halving before this "bullish" virus and now look where we are..


Thank God I didn't actually depend on BTC to get through hard times like this, because anyone that did would be fucked..


I can't believe I'm saying this, but the winners right now are the people sitting on filthy fiat cash in the bank and under their beds.. Which is a disgusting thought..

Maybe Bitcoin is just some luxury play thing to just be dumped on in hard times, rather than being the safe haven it is preached up and down to be..

I'm so ready to watch another huge crash right now.. Watch it go to 0 zero right along with everything I thought it would be..
All this time..

To be fair, the "market" wasn't impressed with those bailouts either... S&P is still down 8%.

Yeah.. I don't know what this is going to do to the election, but at this rate Bitcoin is going to be worthless by then anyway so it's whatever..

Bitcoin is long term protection. Long term the Chinese Flu will be bullish for it.

I guess we will see Mr. "ncov is bullish af" guy..

[gentlemand]

Bitcoin is supposed to be the hedge against the global markets tossing their cookies..

Well, I never bought that one myself.

And there are different types of cookie tossing. There's some sort of currency/policy disaster and then there's straightforward DISASTER. Nothing with the potential for volatility survives that unscathed, let alone thrives.

[Lambie Slayer]

Btw, the gleaming bright side to all of this crap:

Once this bear market is over (in all markets) and has bottomed, we won't see this type of thing again for a VERY long time.

Mark my words, we'll have another ten year epic bull run that will defy all gravity, logic, and common sense.

The Fed will make sure of it.

I've been wondering about that. How long will 0% interest rates and QE keep working? It seems we get diminishing returns from that nonsense.

It'll only keep working for the investment banks and corps through stock buybacks and debt/equity swaps. I suppose they can keep that going for quite a long time. The markets will keep going up, because there's nowhere else for that money to go.

For main street, inflation will continue to rise.

Yes. They are gonna push average Nocoiners to join us as they squeeze and squeeze them with inflation to boost their stocks.

Some Bitcoiners are in shock bc Stockboyz(Wall Street) didn't run to us for protection(yet), but the real prize imo is when Main Street comes to us for protection.

The SEC fears this so they wont allow the ETF, but we dont need it.

Main Streeters are all worried about dying right now, but once they realize they are gonna live they will get back to slowly noticing how money printing is making their lives harder so the elites can win at all times.

Also Main Streeters like to join when things are going well, so many will wait post halvening for all time highs to jump in.

[_javi_]

I'm too afraid to open my Blockfolio at this time. It seems like my portfolio caught the Coronavirus.

Yes, it happens the same to me.

I have an idea of the resulting total, but i dont want to see the exact number on the screen... Depressing 

[goldkingcoiner]

"there is nothing more helpless and irresponsible than a man in the depths of an ether binge."

“With a bit of luck, his life was ruined forever. Always thinking that just behind some narrow door in all of his favorite bars, men in red woolen shirts are getting incredible kicks from things he’ll never know.”

[mindrust]

Going down again?

What'll happen when we go below 200WMA I wonder. I guess it would be bad.