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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.9%)
7/28 - 11 (10.1%)
8/4 - 16 (14.7%)
8/11 - 7 (6.4%)
8/18 - 6 (5.5%)
8/25 - 8 (7.3%)
After August - 60 (55%)
Total Voters: 109

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26468469 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
BitcoinGirl.Club
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March 14, 2020, 08:14:34 PM
Merited by JayJuanGee (1)

I have been diagnosed with the Hodlvirus. #PrayForSlayer
Fuck you.

For a second you had me there and I was already having sad time for you LOL

Fuck. You.
JSRAW
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March 14, 2020, 08:15:35 PM

just a loss leader. Now you liked those masks how about a deal.
That make sense. People Like Jack are not stupid after all.
https://www.reddit.com/r/worldnews/comments/fi2ts0/china_donates_1000_respirator_machines_2_million/
Good thread..
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I'm Italian and really grateful with China for their help but saying they donated all the equipment is actually false, it's part of an agreement launched by a large investement from an Italian bank group "Intesa San Paolo".
BitcoinGirl.Club
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March 14, 2020, 08:16:43 PM

LOL

Good night everyone
bitserve
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March 14, 2020, 08:21:54 PM

Spain enters official nationwide lockdown.
fillippone
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March 14, 2020, 08:24:39 PM
Last edit: May 16, 2023, 06:26:36 AM by fillippone

If we zoom in to last week, we see that in fact the red UTXO increase:



And we see that in fact the situation returns to be "stable" in the 6/12M range, so those who sold had bought for less than 6 months.
So it was #weakhands liquidation, because by crossing with the previous graph we see that they were at a loss.
In my opinion they were longs strategically placed  who had focused on halving, going into stop loss with the collapse of the market (triggered by other reasons in my opinion).

The UTXO chart is still showing bitcoin at ~$8K. Need to wait for the feed to update before analysing the crash.
Very well spotted.
Let's say we saw the start of the crash.
We will see as they update.

mindrust
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March 14, 2020, 08:41:25 PM
Last edit: March 14, 2020, 09:14:28 PM by mindrust

I really want to buy back (at least one part of me does) but the other part of me says we are at the beginning of this mess and this might go a lot worse than it already is. (that part is responsible for the $4k+ sell order)

I know you don't want to hear that kind of shit here. If I am wrong I'll lose an opportunity of my life but if my instincts were right, I'll be lucky to save my initial investment.


https://www.zerohedge.com/markets/how-much-recession-warning-did-you-expect
HI-TEC99
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March 14, 2020, 08:41:43 PM

Spain enters official nationwide lockdown.

So does France from midnight.
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March 14, 2020, 08:45:43 PM

I really want to buy back (at least one part of me) but the other part of me says we are at the beginning of this mess and this might go a lot worse than what it already is. (that part is responsible for the $4k+ sell order)

I know you don't want to hear that kind of shit here. If I am wrong I'll lose an opportunity of my life but if my instincts are right, I'll be lucky to save my initial investment.


https://www.zerohedge.com/markets/how-much-recession-warning-did-you-expect

I deleted a post giving advice because what the fuck do I know. I usually try not to give advice because nobody can predict the future. 
Lambie Slayer
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March 14, 2020, 08:47:49 PM



https://www.who.int/news-room/fact-sheets/detail/snakebite-envenoming


"Though the exact number of snake bites is unknown, an estimated 5.4 million people are bitten each year with up to 2.7 million envenomings. Around 81 000 to 138 000 people die each year because of snake bites, and around three times as many amputations and other permanent disabilities are caused by snakebites annually.'


Shut the world down, somebody saw a snake in the grass.  Roll Eyes


No need to fall for this silly alarmism.
bitserve
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March 14, 2020, 08:48:17 PM

Spain enters official nationwide lockdown.

So does France from midnight.

Looks like everyone is starting to take this shit seriously. Except maybe UK... I donno if it is because they are doing good or ignoring the problem.
gentlemand
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March 14, 2020, 08:49:46 PM

Looks like everyone is starting to take this shit seriously. Except maybe UK... I donno if it is because they are doing good or ignoring the problem.

I think we've just accepted that we are todally awesome. Deal with it.

https://www.itv.com/news/2020-03-14/elderly-to-be-quarantined-for-four-months-in-wartime-style-mobilisation-to-combat-coronavirus/
HairyMaclairy
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March 14, 2020, 08:57:16 PM
Merited by mindrust (1), HI-TEC99 (1)

Btw guys - you need to back off Mindrust. 

It could be $3k tomorrow, he buys back at a profit and looks like a genius.  These are uncertain times and we can’t be too hard on ourselves. 
mindrust
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March 14, 2020, 08:59:48 PM

Btw guys - you need to back off Mindrust. 

It could be $3k tomorrow, he buys back at a profit and looks like a genius.  These are uncertain times and we can’t be too hard on ourselves. 

Thanks for your support HairyMacLarry. Have a cookie.
Lambie Slayer
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March 14, 2020, 09:02:02 PM

Looks like everyone is starting to take this shit seriously. Except maybe UK... I donno if it is because they are doing good or ignoring the problem.

I think we've just accepted that we are todally awesome. Deal with it.

https://www.itv.com/news/2020-03-14/elderly-to-be-quarantined-for-four-months-in-wartime-style-mobilisation-to-combat-coronavirus/

Thats a brilliant solution compared to shutting down everything. Im optimistic other countries will opt for this before getting silly like Italy and others.
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March 14, 2020, 09:10:33 PM

Spain enters official nationwide lockdown.

So does France from midnight.

Looks like everyone is starting to take this shit seriously. Except maybe UK... I donno if it is because they are doing good or ignoring the problem.

Yup Belgium went on restaurant and gathering lock down from last night too... it's getting eery on the streets now, still fear is at 0% by my personal statistics, people seem ok.  
UK is stupid, there is a litterally a clown that makes decisions as if it was a comedy show. Probably the only reason why BJ didn't decide to take anything seriously is because he doesn't want to align with "European standards" to offend brexit fools. The UK is not fine at all, it's just a few days behind  Roll Eyes
Raja_MBZ
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March 14, 2020, 09:13:00 PM

Back in 2008, during the beginning of the financial crisis, gold "initially" didn't perform well either.

The current atmosphere is ideal for bitcoin. I still firmly believe that we'll see a strict trend reversal very soon.
gentlemand
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March 14, 2020, 09:16:58 PM

UK is stupid, there is a litterally a comical clown that makes decisions as if it was a comedy show. Probably the only reason why BJ didn't decide to take anything seriously is because he doesn't want to align with "European standards" to offend brexit fools. The UK is not fine at all, it's just a few days behind  Roll Eyes

He is of course a Silly Billy but he is very sensibly totally deferring to the experts in this particular case. Whether they're right is a different and rather urgent matter. Total shutdowns can't be sustained and maybe the ones that are happening now are happening too early. Who knows? But no one should be waiting for any government's permission to do sensible things to protect themselves.

The US is the place to worry about most. Maybe some actual national unity will come out of that. Hope it does.
dragonvslinux
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March 14, 2020, 09:23:13 PM

UK is stupid, there is a litterally a comical clown that makes decisions as if it was a comedy show. Probably the only reason why BJ didn't decide to take anything seriously is because he doesn't want to align with "European standards" to offend brexit fools. The UK is not fine at all, it's just a few days behind  Roll Eyes

He is of course a Silly Billy but he is very sensibly totally deferring to the experts in this particular case. Whether they're right is a different and rather urgent matter. Total shutdowns can't be sustained and maybe the ones that are happening now are happening too early. Who knows? But no one should be waiting for any government's permission to do sensible things to protect themselves.

Silly Billy, you made me laugh  Cheesy If this is case (I'm not really following UK politics, only that BJ is a clown, makes sense he devolves responsibility), then the fundamentals of being a island country won't save it from the reality of a worldwide pandemic, it would only slow it down at best. Probably the EU states are doing the right thing at the moment, even if I'm searching for rebellious parties that ignore the wishes of the state, I do get it. "Better to be safe than sorry", as Italy would probably say. The fact the UK has it's own currency is pretty relevant right now too, they clearly wouldn't want regulations to affect the value of the pound, as opposed to EU countries doing what feel is best, regardless of the Euro.

You can't take action when it's too late is the point, I feel a lot of measures put in place are in order to try prevent things getting a lot worse, as opposed to waiting for it to get worse.

The US is the place to worry about most.

I thought the issue was with Europe now? Maybe I'm wrong, maybe I believed what Trump says which is foolish.
gentlemand
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March 14, 2020, 09:32:21 PM

Silly Billy, you made me laugh  Cheesy If this is case (I'm not really following UK politics, only that BJ is a clown, makes sense he devolves responsibility), then the fundamentals of being a island country won't save it from the reality of a worldwide pandemic, it would only slow it down at best. Probably the EU states are doing the right thing at the moment, even if I'm searching for rebellious parties that ignore the wishes of the state, I do get it. "Better to be safe than sorry", as Italy would probably. You can't take action when it's too late is the point.

The US is the place to worry about most.

I thought the issue was with Europe now? Maybe I'm wrong, maybe I believed what Trump says which is foolish.

It's all about preserving the effectiveness of the health system by drawing out the infection rate rather than drowning it mainly. But the concept of 'herd immunity' that they're all talking about might turn out to be total rubbish and we'll all melt.

Nothing was done in the earliest stages at all and now they've given up attempting to test and only testing hospital arrivals. A lot of people are calling it a gamble and it does sound like it. I will not be taking any chances.

I do think explicitly isolating oldies is very sensible and I don't get why that hasn't been done elsewhere but it should've been done sooner.

Anyway, anyone who has the option to take control of their own exposure should've been doing it the moment this all became a problem. No one should be waiting to be told.

As for America, look who's in charge. Look at the health system they'll need to shake up and unify. A lot of Americans won't seek treatment until it's too late because they've spent their whole lives avoiding doctors because of the expense or lack of sick pay even if they remove those barriers and it looks like they will.

And then we might end up with a two tier world where Asia went for containment and the West let everyone become zombies so Asia won't let anyone in until there's a vaccine. This will be written about for centuries to come.
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March 14, 2020, 09:45:10 PM
Last edit: March 14, 2020, 10:11:28 PM by strawbs

or.....it's just another flu-like virus but the opportunity arose for governments and central banks to use it as a scape-goat to hide the popping of the financial markets bubble, hence blanket news coverage to the exclusion of all other reporting. People are already recovering and reporting that it wasn't too bad actually, they just felt a little bit off-colour for a few days. Sure, some very old and sick people might die, just as they always do.

How many absurd government-sponsored narratives and their 'coincidental' timings are people going to fall for? Never mind, just stay in doors, shut up and be fearful. While central banks pile on more debt to tax-payers through new forms of QE now being sold to us as market liquidity injections.
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