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

[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..

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[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.

[Lambie Slayer]

I was wondering why Roach isn't here to gloat, but then I saw Silver was down big today too.  

@Eddie13 you are right, the Dollar Boyz are the winners today. Bitcoin has been kicking their ass for 10 years though.  

[mindrust]

I was wondering why Roach isn't here to gloat, but then I saw Silver was down big today too.  

@Eddie13 you are right, the Dollar Boyz are the winners today. Bitcoin has been kicking their ass for 10 years though.  

It is so weird even the FED works with us against the FIAT hodlers yet they still win.

[sirazimuth]

Corona. Corona. Myyyy Corona!

Well.... it was only a matter of time before this came out eh?
(apologies if already posted, I'm usually late to these things as I don't live on my device 24/7)

[Lambie Slayer]

https://www.foxnews.com/world/china-says-new-coronavirus-cases-falling-it-is-past-peak-of-disease-report

"The Chinese National Health Commission has also emphasized that new cases outside of Hubei province have essentially ceased, with no new cases recorded outside of Wuhan on Wednesday, "

According to Reuters, new coronavirus cases in Hubei province, which contains Wuhan, the epicenter of the disease that Wednesday was declared a pandemic by the World Health Organization, totaled just eight on Thursday -- the lowest number recorded so far.

"Broadly speaking, the peak of the epidemic has passed for China," National Health Commission Spokesman Mi Feng said, according to Reuters."



Wont be long before this fizzles out everywhere else too.

The places with warmer climates aren't even having a real problem to begin with.

Money printers wont be able to unprint though.

[OutOfMemory]

Going down again?

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

I guess so. I won't be touching my fiat until corona situation will easen up. I had some luck with trading today, since i saw the dip coming SOMA (#notliteral).
I bought back gradually about $200 up from the ADL on the way up tp 5.900
It looks like capitulation in 2019 now, but i still wait. I also waited back then, missed the dip by a few 100s, but i was satisfied. I do almost all trades manually, therefor quite rarely. I just wait out now, more fiat will be coming in the next 2-3 weeks. Can't await some more dips, will also be happy when the price is rising. I expect a slow rise, if any, in the near future, and so i can still buy without fomo-ing every little green candle.

[OutOfMemory]

Corona. Corona. Myyyy Corona!

Well.... it was only a matter of time before this came out eh?
(apologies if already posted, I'm usually late to these things as I don't live on my device 24/7)

This one was a month earlier:

https://www.youtube.com/watch?v=gDc_6KRaX6Q

It's funny and subtitled, but i think it was posted here before, too.
Jason Park (the singer) is also a fucking good skateboarder. Check some skate vids on the channel, he's awesome.

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 

I had alarms enabled for BTC in blockfolio, and it felt like having whatsapp installed (which i don't have). Ding-ding all day long...

[Lambie Slayer]

https://twitter.com/mitchellvii/status/1238115870355972096

"At it's height, COVID-19 infected .006% of the Chinese population.  And it had a big head start before draconian prevention measures were put into place.  It may have been spreading for months before anyone knew it existed.

.006% of the US population is 21,000."

 

[Ibian]

whining

If we didn't have the virus you would find something else to blame. Fluctuations happen. Part of the game. Nothing new.

[sirazimuth]

Corona. Corona. Myyyy Corona!

Well.... it was only a matter of time before this came out eh?
(apologies if already posted, I'm usually late to these things as I don't live on my device 24/7)

This one was a month earlier:

https://www.youtube.com/watch?v=gDc_6KRaX6Q

It's funny and subtitled, but i think it was posted here before, too.
Jason Park (the singer) is also a fucking good skateboarder. Check some skate vids on the channel, he's awesome.

Well, I'll give that dude's vid an "A" for effort anyway....

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%.

Hey now! Nice to see you drop in my friend!  Stay safe and tell Techy I said hi!

[Ibian]

https://twitter.com/mitchellvii/status/1238115870355972096

"At it's height, COVID-19 infected .006% of the Chinese population.  And it had a big head start before draconian prevention measures were put into place.  It may have been spreading for months before anyone knew it existed.

.006% of the US population is 21,000."

 

Quoting for around 3/27. Feel like making a bet on how things will develop?

[eddie13]

whining

If we didn't have the virus you would find something else to blame. Fluctuations happen. Part of the game. Nothing new.

Uh... We are down almost 50% on something that is supposed to be bullish..
Right before the halving where we should be optimistic, we are in the gutter..

This ain't my first dump bro..
I held through the dump to under $200, I held the dump from $20k, and I've held this dump too..
But I am very disappointed in this dump off..

[Lambie Slayer]

COVBULL-19 has shown it has a narrow humidity and temperature range it prefers and is able to have big outbreaks thus far.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3550308

 "has established significant community spread in cities and regions only along a narrow east west distribution roughly along the 30-50 N” corridor at consistently similar weather patterns (5-11 degrees Celsius and 47-79% humidity).

There has been a lack of significant community establishment in expected locations that are based only on population proximity and extensive population interaction through travel. We have proposed a simplified model that shows a zone at increased risk for COVID-19 spread. Using weather modeling, it may be possible to predict the regions most likely to be at higher risk of significant community spread of COVID-19 in the upcoming weeks, allowing for concentration of public health efforts on surveillance and containment."

If you live outside of these ranges you should be good.

Once it warms up, those areas should be fine too.

COVBULL-19 hasnt even killed 5000 people yet in about 2.5 months. 200,000 babies were born today.

I could be wrong, but imho, this is gonna go down in the history books as one of the greatest overreactions of all time.

https://www.globaltrademag.com/the-spanish-flu-and-the-stock-market-the-pandemic-of-1919/

"the impact of the Spanish Flu on the stock market was minimal. If you look at the Dow Jones Industrial Average in 1918 and 1919, you can see that the stock market was relatively unaffected by any of the three waves of the Spanish flu. "

[mindrust]

The problem isn't the kill rate.

The problem is the virus slows down the economy.

People won't die from the virus, they'll die from hunger.

[JimboToronto]

Buy now.

Buy fucking everything except the shittiest of shitcoins

BSV?