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

[somac.]

I've missed a lot of pages, so this has probably been posted already: https://www.forbes.com/sites/billybambrough/2020/03/12/the-real-reason-behind-bitcoin-ethereum-ripples-xrp-and-litecoins-50-billion-crash/#2881ecc769b5

"Another proof that bitcoin is not a good hedge versus risky assets in risk-off episodes. It actually falls more than risky assets during risk-off."


Is BTC worth anything at all anymore after this shitshow performance?
Unsure..

If it doesn't hedge against the normie economy.... then.... Fuck it.. Junk..

It is a hedge against money printing and censorship. The printing hasn't arrived yet, but it will soon, and this printing will be one for the ages.

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[somac.]

Put a buy order at ~4500 and going back to sleep. I want my coins back :d

I think you'll get them back. Just don't over invest.

[Lambie Slayer]

https://twitter.com/PrisonPlanet/status/1238254013201727494

"Not to downplay coronavirus, but the 2009 swine flu epidemic infected 61 million Americans, killed over 12,000 and I don't recall anywhere near this level of hysteria."


By the way, stock futures did not bounce with us just now. That was all King.  

[peonminer]

Phrase of the day:

[bitserve]

I've missed a lot of pages, so this has probably been posted already: https://www.forbes.com/sites/billybambrough/2020/03/12/the-real-reason-behind-bitcoin-ethereum-ripples-xrp-and-litecoins-50-billion-crash/#2881ecc769b5

"Another proof that bitcoin is not a good hedge versus risky assets in risk-off episodes. It actually falls more than risky assets during risk-off."


Is BTC worth anything at all anymore after this shitshow performance?
Unsure..

If it doesn't hedge against the normie economy.... then.... Fuck it.. Junk..

Bitcoin is too fucking volatile to be a proper short term hedge. Long term it has performed like a great "hedge" though.

[somac.]

I've missed a lot of pages, so this has probably been posted already: https://www.forbes.com/sites/billybambrough/2020/03/12/the-real-reason-behind-bitcoin-ethereum-ripples-xrp-and-litecoins-50-billion-crash/#2881ecc769b5

"Another proof that bitcoin is not a good hedge versus risky assets in risk-off episodes. It actually falls more than risky assets during risk-off."


Is BTC worth anything at all anymore after this shitshow performance?
Unsure..

If it doesn't hedge against the normie economy.... then.... Fuck it.. Junk..

Bitcoin is too fucking volatile to be a proper short term hedge. Long term it has performed like a great "hedge" though.

exactly, long-term this a hedge against corruption, fraud, and crony governments. And all of those things are gong to pickup steam substantially this year.

[HairyMaclairy]

A health official estimates a whopping 100,000 people in Ohio have coronavirus.

Ohio Department of Health Director Amy Acton made the announcement at a press conference.

She said she estimated at least one per cent of the population in the state has the virus.

That’s 1,000 deaths if true @ 1% fatality and at least 5,000 ICU beds in Ohio

[jojo69]

I thought I knew some of you guys.

I guess this is really separating the real hodlers.

[Lambie Slayer]

Covbull-19 is still bullish af

Sure....

Just wait till people wise up and realize its not a real threat and they got bamboozled by the alarmists. That's when the magic happens and price will reflect all the money printing.

[infofront]

https://twitter.com/PrisonPlanet/status/1238254013201727494

"Not to downplay coronavirus, but the 2009 swine flu epidemic infected 61 million Americans, killed over 12,000 and I don't recall anywhere near this level of hysteria."


By the way, stock futures did not bounce with us just now. That was all King.  

I don't understand this irrational fear of the virus either. The conspiracy theorist in me thinks its a con job to shift more assets to the wealthy, and give the governments more power.

[Bitcoinaire]

You cant make rookie mistakes this deep in the game!

[Stevenirving]

This is really shitty. There should be some consolation prize at least, like if most of the alts died right here and for good.

The prize is getting a chance to buy coins at 4k again. What more of a prize do u want

[somac.]

I thought I knew some of you guys.

I guess this is really separating the real hodlers.

Only one who sold was mindrust, so don't be too hasty. You have to admit this was a pretty disastrous day, losing 50% of value is not a minor thing.

[nutildah]

Just woke up.

Saw a dip down to 3800.

Un-fucking-real!

[Wexlike]

Bitcoin as a Schrodinger's cat.
You never know if it is "dead" or "alive" before you open the darned browser after 10 min has passed.

Epic.

[mindrust]

Just woke up.

Saw a dip down to 3800.

Un-fucking-real!

I wish I woke up now instead of an hour ago.

5400 I am ruined.

[heslo]

Let's not judge guys... you don't know peoples financial positions or tolerance to financial stress either. It's been... it's been a day. Tomorrow will come and the world will keep on spinning. I'm sure in the long term we go up but at the moment it's all pretty crazy

[d_eddie]

https://twitter.com/PrisonPlanet/status/1238254013201727494

"Not to downplay coronavirus, but the 2009 swine flu epidemic infected 61 million Americans, killed over 12,000 and I don't recall anywhere near this level of hysteria."


By the way, stock futures did not bounce with us just now. That was all King.  

I don't understand this irrational fear of the virus either. The conspiracy theorist in me thinks its a con job to shift more assets to the wealthy, and give the governments more power.

Especially the bit about the governments grabbing more power sounds sinister but rings true - it's the emergency, you know.

[strawbs]

I thought I knew some of you guys.

I guess this is really separating the real hodlers.

Only one who sold was mindrust, so don't be too hasty. You have to admit this was a pretty disastrous day, losing 50% of value is not a minor thing.

But looking on the bright side, we're up 25% in one hour

[bitserve]

Finally some proper reaction to the ridiculous dump. This is fine.