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

[Wilhelm]

Biggest nation on Earth is about to be up and running strong again. Nasty flu season is over for them.

https://nba.nbcsports.com/2020/03/12/chinese-league-calls-back-american-players/

"Since then, China seemingly has gotten control of the outbreak, with decreasing numbers of new cases. Manufacturing and other industries have started up again, people are returning to restaurants and coffee houses, and reportedly life is starting to return to normal.

That means the CBA wants to start up again; it has requested players under contract to return to China."

"The Chinese Basketball Association has told American players to plan to return as early as this weekend"

So 4 weeks until bitcoin resumes its normal path 🤔

[Lambie Slayer]

Biggest nation on Earth is about to be up and running strong again. Nasty flu season is over for them.

https://nba.nbcsports.com/2020/03/12/chinese-league-calls-back-american-players/

"Since then, China seemingly has gotten control of the outbreak, with decreasing numbers of new cases. Manufacturing and other industries have started up again, people are returning to restaurants and coffee houses, and reportedly life is starting to return to normal.

That means the CBA wants to start up again; it has requested players under contract to return to China."

"The Chinese Basketball Association has told American players to plan to return as early as this weekend"

So 4 weeks until bitcoin resumes its normal path 🤔

Buy the rumor sell the news.

[sirazimuth]

Point taken

I'm sorry, no

What people fail to understand is the magnitude of the logistics that it takes to keep a modern city supplied.

Faced with the prospect of a 2 week lockdown people go out to secure sufficient supplies for two weeks, this is entirely rational and understandable.

If everyone were buying 2 weeks usage of tp, I don't believe there would be a problem. I mean normally when I stock up, I buy enough to last around 3 months or so.
I think the problem was all the morons everyone panicked at the same time and bought enough to last a year . And it snowballed.
People aren't suddenly shitting more.
It's just now the normal supply of tp that is usually available in the supermarket is now sitting in storage in some paranoid idiot's armageddon bunker or some such ridiculous thing.

[Lambie Slayer]

NBA player who tested positive for covbull-19 has a message for his fans. He is feeling fine and playing video games.

https://twitter.com/NBA/status/1238886687444471810

By my calculations he has had Covbull for at least 5 full days, and he feels perfectly normal.

Probably a large chunk of the world has this or already had it and is feeling fine, just like the flu.

A year from now when they do massive tests for antibodies randomly in people to see who had it, they are gonna see how mild this thing really is.

Early estimates of swine flu mortality was as high as 7 percent. Ended up being .2

China already showing a .4 percent case mortality rate for cases outside of Wuhan.

"Similarly, a study released by China's Center for Disease Control last month found that if you factor out all the data from Hubei province, where Wuhan is located, the fatality rate in the rest of China drops to 0.4%."

https://www.npr.org/sections/goatsandsoda/2020/03/03/809904660/why-the-death-rate-from-coronavirus-is-plunging-in-china?t=1584128903900

.4 would is too high bc it doesnt factor all the asymptomatic people china didnt test, so its looking like my Diamond Princess extrapolations are going to prove correct.

My guess at this point is this thing is .25 percent mortality rate. Just a bit stronger than swine flu, 2.5 times stronger than regular flu.

Enjoy the hype and the hoaxing though as socialist/communist idealogues impose social control and restrictions on people like shutting down eating places, shops, hotels, travel etc. This is as close to communism as they will get so they are gonna seize the moment as best they can. Hopefully people will see through this and push back.

Very well may be, but the effects might be not so much from the actual disease, but from the reaction to it.
All this 'social distancing' will not bode well for the economy, at least in a short term.

True, thats why its important to cast a light on the foolishness instead of joining into the collective fear mongering hysteria. If Bitcoiners embrace this kind of attitude we will be a beacon of light in a storm of fear.

If Bitcoiners are soft and go with the crowd, then yeah we will suffer with the misled masses. My bet is Bitcoiners arent soft and will lead the way, once the initial kneejerk fake out is over. I think sub 4k was plenty of kneejerk.

[BTCMILLIONAIRE]

https://www.dailymail.co.uk/news/article-8105199/Chinas-richest-man-Jack-Ma-donates-one-million-face-masks-500-000-test-kits-US.html

LOL assuming his people has enough.

Nothing against US but I think US has enough then what's the point to do such things. In China there are people who struggles to have proper meal a day. Don't they deserve some attention?

It's likely just excess stock. It's not like you can magically convert it into food. And even if it wouldn't last very long.

[Lambie Slayer]

https://trends.google.com/trends/explore?date=now%207-d&q=coronavirus

Worldwide google trends for Coronavirus appear to have peaked during Thursdays biggest stock market crash in over 30 years.

China search trends peaked many weeks ago and they have been busy getting back to normal while the rest of the world panics about something thats killed less than a tenth of the number of yearly snake bite deaths.


This suggests to me we have reached peak fear and the path forward is up.

[bitserve]

https://trends.google.com/trends/explore?date=now%207-d&q=coronavirus

Worldwide google trends for Coronavirus appear to have peaked during Thursdays biggest stock market crash in over 30 years.

China search trends peaked many weeks ago and they have been busy getting back to normal while the rest of the world panics about something thats killed less than a tenth of the number of yearly snake bite deaths.


This suggests to me we have reached peak fear and the path forward is up.

I will believe that when all western countries (including US) are already on lockdown. Then it will probably be up from there.

I do fear the reaction of american people when they get ordered to lockdown and many american business being temporarily shut down.

[Lambie Slayer]

 Trump tested negative. Bullish. 

[Lambie Slayer]

via Imgflip Meme Generator

A little money printing scheduled for Monday to help the King.   

[Icygreen]

I'm gonna stick this one out in S.Vietnam. I refuse to panic travel and it looks like the rest of the world have lost their sensibilities anyway. Here, tourists are not panicked, won't even get on board with face masks and they still squeeze in at the food court every day. Godammit we've got a holliday to enjoy! The small city nearby reported a single case a few days ago. I went through the area yesterday to have a look and do some shopping and they've bleached about a 4 block radius of the streets. Smells like laundry and a chlorine pool. Some smaller and non-essential shops have closed, markets still working and many locals are pleased with the excuse of another holiday noted by karaoke gaining popularity  

I really do not understand the TP wars, actually, I don't understand how its still used as the preferred method. 19 years since I learned how to wash myself and it was a defining revelation at the time. An empty waterbottle is key when traveling.
If you must, here's a quick video that will  help get you through a TP shortage crisis.    https://www.youtube.com/watch?v=dngwSuiu3D8&feature=youtu.be

Corn might give us another buying opportunity, stay vigilant, don't feed the panic!

 
  

[Biodom]

What is money when you can call it a strange word 'repo' or 'term operation', then produce 500bil of it (actually, 4X500bil=2 tril) ON DEMAND.
It makes for a silly impression when I look online at my paystub.
The meaning of 'money" is somehow lost.
I guess this is why I am in bitcoin.

[Lambie Slayer]

https://www.aljazeera.com/ajimpact/ships-finally-moving-chinese-ports-rates-soar-200313085112600.html

China getting back to normal. 

[xhomerx10]

Breakfast buffet at the hotel i'm staying at has been shut down due to Covid-19 fears.  What the hell am I gonna do without my morning toast and coffee?!  Okay guys, it's time to PANIC!

[Searing]

https://www.aljazeera.com/ajimpact/ships-finally-moving-chinese-ports-rates-soar-200313085112600.html

China getting back to normal.  

Just in time to arrive in the USA and such and no one will be in the stores to buy these.

Timing it seems worldwide on many things from BTC/Crypto to whatever is in a conspiracy to befuddle us all it seems.

round and round and round in the same place for a bit, it seems.... looks around in same place if not backslid...sheesh

befuddlement will bring the world together

[Joe-Bloggs]

Overall, I like your plan.  

The only supplemental suggestions that I would make is that 1) you consider NOT getting so caught up on round numbers or solely a BTC long term strategy that involves only buying BTC on the dip and limiting your entry points and 2) you consider some flexibility on your 6-8 month shaving off of profits plan..  

In other words, I would suggest that create a plan to periodically invest in bitcoin, no matter what the price... (aka DCA) such as $100 per month.... or some other amount that you conclude to be both reasonable and an amount that you will not miss in the event that bitcoin were to go to shit...
 
Even $10 could be reasonable, though since you already have accumulated more than a whole bitcoin, I conjecture that you could reasonably afford much more than $10 per month for such DCA efforts (and not even miss it... the price of two fancy coffees).

Regarding your plan to shave off some profits at 6 months after the halvening, sure that might be a good plan.. but BTC price growth periods of the last couple of halvenings took well over a year to play out and arguably each of them took in the ballpark of 18months after the halvening to really show their stuff.. so you may be selling yourself quite short with such a short 6 month window, and really do you believe $2k is going to make you feel better?  sure, maybe it will, but maybe it would make you feel even moar better if that $2k ends up being in the $10k to $20k region in 5-10 years .. which seems to be a way better investment horizon for someone who is just getting in with a bit more than 1 BTC currently.

Thanks for those suggestions and ideas.
The time of 6 to 8 months was just a guess really. I won't take 2k out until btc is at 20k. I will get use this 2k for a couple of alt projects that I was told are promising. I wish to buy my own apartment or home, renting is ok for my age but I would prefer to get a cheap house or apartment to work on.
Several times when bitcoin crashes hard it then reverses and reaches new ATH. I appreciate that the virus is a bit of a black swan.
I follow some of the things my older brother mentioned. He is quite a success ( for our family)and does spend some effort in helping me with useful advice. He told me he was trading some of his bitcoins and the news cadge that silk road was busted. He incorrectly panicked and sold the majority of his holdings. I think it was for around 60 dollars each or something that seems unthinkable now.

He said that he kept waiting to get back in near his exit price, but the price went crazy.  Soon it was over 1000 USD. He said he was angry for panicking, and was angry at himself for willing and hoping for bitcoin to crash again each time the media talked about it going higher in value . He never got back in for 60.  Even now his mood can darken if the subject comes up. Since then told me never sell.  He has accumulated quite a few again by weaving in and out with no more than 10% at a time. He also does not spend on latest phone, car , and these things like before. Every spare dollar is invested in bitcoin, bullion or home improvement. I intended to do as you mention put all spare money each month and put some in bitcoin and other opportunities.
I am rather greedy with getting maximum gains
( now I Have something I really want like to own a house of my own) and impulsive which can lead me to gamble. I was even upset to have entered at just under 5k rather than 3.8k although I know it is still a superb entry that at one point I would have been very grateful for.
I will soon forget this when bitcoin is 20k.

Thanks Icygreen as well for the welcome. Now that I know I will be targeted with crossbow projectiles,  I will keep the retired police vest that should repel or prevent the penetrstion required to destroy vital organs.  

[Lambie Slayer]

https://www.aljazeera.com/ajimpact/ships-finally-moving-chinese-ports-rates-soar-200313085112600.html

China getting back to normal.  

Just in time to arrive in the USA and such and no one will be in the stores to buy these.

Timing it seems worldwide on many things from BTC/Crypto to whatever is in a conspiracy to befuddle us all it seems.

round and round and round in the same place for a bit, it seems.... looks around in same place if not backslid...sheesh

befuddlement will bring the world together

Stores in the U.S. are normal or packed with hoarders rn, but either way, think Amazon delivery buddy. 

Searing, I know you sort of revel in worry and anxiety in general but you still hodl on regardless which is admirable. However in times like this perhaps a little positive outlook would be good for the morale of the newbs if you can muster that up.  Just a thought.

[noormcs5]

Coronavirus destroyed both the humans and the bitcoins.    Is the hope of Bull run is dead ?

[JSRAW]

 Is the hope of Bull run is dead ?

Nap time...

[Lambie Slayer]

About 16,200 people died this year already of snake bites. There will be about 80k deaths from snake bites by the years end.

In the same time less than 6k mostly very old and sick people died of Coronavirus.

A huge chunk, probably even a majority, of these people had about a year or two life expectancy based on age and major health issues.

The snake bites skewed to a much younger healthier crowd with many years left to live.

Snakes dont seek out 84 year old cancer patients and take them out.

There are people that want us to live hunter gatherer lives to stop global warming, even though billions would die if we gave up industrialization. These same people think its awesome that a few misguided countries leaders are shutting down their society for spurious reasons.

To these nutty worry warts this is the archaic revival they have dreamed of. This is cancel culture gone wrong.

As Bitcoiners we have a chance to shine in this environment as we stay strong with our hearts, minds, and most importantly our hands, while other asset holders quiver and worry till their hair falls out.

If you find yourself full of worry and doubt, just shake your fist to the sky and say, Fuck you nocoiner tricksters, I wont panic from your hype and hysteria. Im a hodler dammit! Once you do this you will feel awesome and we will pump to the moon.

This is our moment and fortunately we have a secret weapon called the Halvening to help us along the way.  

Watch out for snakes.  

[Icygreen]

Daym, serial?

Start withdrawing cash from your bank account now. Maximum daily amount every day.

https://twitter.com/francispouliot_/status/1239051043943653377