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

[mindrust]

Another honest thought...

As much as we all hate Tone Vays, I believe he was right about one thing.

Shitcoins.

They are a huge part of the problem and nobody can do nothing about it. (anybody can create a shitcoin and scam others before going to zero) Without all of them going to zero, I think bitcoin will have serious problems, price-wise against the USD.

Maybe they'll go away this time...

Take a look at CMC's homepage and tell me what you see. I only see shit. (other than #1) And people trade and hodl these shits with the hopes of them becoming the new bitcoin. And there are hundreds of thousands of them.

[JayJuanGee]

@mindrust, I fully expect you to buy back at your capitulation price or better.
If you get the chance.

Nice to see you back.

Am also thinking the same thing... $4.2K, $4.5K and $4.8K (33% positions) would be a good spread to get yourself back in to (slightly less) than what you had before. If you don't want to try and "time to bottom" as it were, and simply get your position back if that's what you're hoping for. It's definitely what I'm considering if we close above $5.5K this week, not that you should follow my non-financial advise what-so-ever, I've been wrong enough this past month

I wish you the best either way, we've all been there. I panic sold in 2017 (when $6K went back down to $5K, before going to $20K), because I had previously got in at $5K before it went down to $3K so wanted to get out "break-even" and not risk having my money drop 40% again. In the end I had to get back in around $7.5K which sucked. Obviously this was completely different amidst the middle of a parabolic bull-run, and I think you'll be fine getting back in, but I feel your pain none the less.

At least now you will have stronger hands when you become a coiner again   Better to have panic sold at $4.5K, with the likelihood of having the opportunity to get back in, then to have held on til some lower level and panic sold then. I think everyone should panic sell once, in order to learn from the mistake. Better now than later.

Gosh... I agree with a lot of what you are saying, yet I am not sure dragonvslinux.  

I agree that everyone has to make mistakes in order to solidly learn, but seems to me that no serious bitcoiners should be playing around with all or nothing tactics (especially when it comes to doing the opposite, which is selling after about a 60% correction), and any of us seriously recognizing the powerful fundamentals of bitcoin should be able to figure out ways to incrementally modify positions.  

Fuck, even selling 50% should be really sufficiently enough to recognize how powerful it is to play around like that, but people have a tendency to get greedy... (yeah, of course, they label it "scared," but it is really a kind of greed).

[Arriemoller]

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.

Or maybe this thing is actually hitting Asians harder than Europeans and that's why they are panicking more.
Don't forget that paper that concluded that Asians have more receptors for the virus in their lungs than Europeans.

[OutOfMemory]

What's it like under lockdown? Are there shortages of things in the shops when you go out to buy food?

Situation in Austria (not Australia) is similar, we are about 10 days behind with infection counts when compared with Italy. We should reach 1000 infections today, at the current pace. About 1000 testings per day are possible. 6k done so far. 1 dead.

You know all the work/life data from fillippone already, but there seems to be a secondary effect:

Many families are staying at home together, which brings them more closely together, in an emotional way. No father/mother is distracted from being close to their loved ones by working all day and spend their earned money on hobbies or "useless" goods. This might be enough for many to question their life priorities, maybe it will be enough to shift their consciousness from being a tiny, tiny cogwheel in the global clockwork of economy, to more important things in their relatively short life than chasing wealth before dying. The economy doesn't care if worker no. 2.122.391.231 dies and is of no more use, because worker no. 2.122.391.232 will happily take his place. And so on. I'm quite happy to see the start of a transformation in the people throug a shift of values. Crisis always seems to bring people together, helping families and neighborhoods to unite. They way it meant to be, probably, until monetarization and ever growing consumption distracted us all.

It may also lead to a new baby boom. First i was laughing about this thought, but think twice  
Many couples where working all day, going to the gym, going out, considering having a baby is too expensive...
Now they don't know what to do with their time, at home, in a nice warm bed...  

I was sleeping almost all day yesterday, medium fatigue, woke up with a cough, pain in joins and muscles and a sore throat. Raised temperature, but too low for fever. And tiiired. That's why i didnt post.
May have already cought the CoV at Judo training last week, maybe it's a coincidence. I don't care, it's very mild. Not even a runny nose. All our kids are also more or less sick a little, only the two youngest ones with a little more intensity in symptoms, coughing pretty much at night. Also pretty normal. My wife is allergic, you wouldn't be able to tell if she's sick, coughing and sneezing and tiredness already for three weeks now.
Nobody goes out, just the children playing in the woods, nobody else is near. We have food stocked for two weeks and enjoy the close family life, all is well.
This is fine. I'll go take another nap now.

[Wekkel]

Another honest thought...

[...]

Shitcoins.

They are a huge part of the problem [...]

What a load of bullocks. It's the same as saying that having 100s of programming languages is a problem.

No way.

Players will converge to one or a few large networks. The rest will die. It just takes time.

Or do you also have 144 types of connectors for 144 different phones/electrical gear at home?

[dragonvslinux]

@mindrust, I fully expect you to buy back at your capitulation price or better.
If you get the chance.

Nice to see you back.

Am also thinking the same thing... $4.2K, $4.5K and $4.8K (33% positions) would be a good spread to get yourself back in to (slightly less) than what you had before. If you don't want to try and "time to bottom" as it were, and simply get your position back if that's what you're hoping for. It's definitely what I'm considering if we close above $5.5K this week, not that you should follow my non-financial advise what-so-ever, I've been wrong enough this past month

I wish you the best either way, we've all been there. I panic sold in 2017 (when $6K went back down to $5K, before going to $20K), because I had previously got in at $5K before it went down to $3K so wanted to get out "break-even" and not risk having my money drop 40% again. In the end I had to get back in around $7.5K which sucked. Obviously this was completely different amidst the middle of a parabolic bull-run, and I think you'll be fine getting back in, but I feel your pain none the less.

At least now you will have stronger hands when you become a coiner again   Better to have panic sold at $4.5K, with the likelihood of having the opportunity to get back in, then to have held on til some lower level and panic sold then. I think everyone should panic sell once, in order to learn from the mistake. Better now than later.

Gosh... I agree with a lot of what you are saying, yet I am not sure dragonvslinux.  

I agree that everyone has to make mistakes in order to solidly learn, but no serious bitcoiners should be playing around with all or nothing tactics, and any of us seriously recognizing the powerful fundamentals of bitcoin should be able to figure out ways to incrementally modify positions.  

Fuck, even selling 50% should be really sufficiently enough to recognize how powerful it is to play around like that, but people have a tendency to get greedy... (yeah, of course, they label it "scared," but it is really a kind of greed).

You're right, as per usual, nobody should be playing around with all or nothing, but this is the reality for a lot of people. From my perspective I only learn from my mistakes - therefore I had to panic sell once in order to learn. Glad I did it then to be honest, rather than in 2018 when Bitcoin broke $5K (and would of seen my money go from 4x to break-even again). Sure it would of seemed like a good idea at the time, but I'd be kicking myself in 2019 and would of likely panic bought at $10K+ as a response. So sure this isn't the same for everyone, but if you're someone who learn's from your mistakes, or needs to make them in order to learn (points at self), the experience will give you the stronger hands you'll need in the future. I am one of those people, I can't speak for mindrust or others but I know I'm not the only one who's like this.

To clarify I'm not suggesting anyone panic sell for the experience (it's gut wrenching stuff), but that if it's an inevitability for your learning process, due to your personality, then it's a needs must situation, hence "getting it out the way". Of course better money/risk management would be better than all or nothing for sure, no-one is doubting this rationality, but bare in mind many investors in the space have an "all or nothing" attitude that they will likely never shake off. When I'm in, I'm more or less all in, others I don't feel comfortable.

Reference: I'm 90% in and more than comfortable with that, any less than 80% I wouldn't be right now. I can't stand the thought of losing 20% of my money (see cap for fruther reference)

[El duderino_]

via Imgflip Meme Generator

[heslo]

Another honest thought...

As much as we all hate Tone Vays, I believe he was right about one thing.

Shitcoins.

They are a huge part of the problem and nobody can do nothing about it. (anybody can create a shitcoin and scam others before going to zero) Without all of them going to zero, I think bitcoin will have serious problems, price-wise against the USD.

Maybe they'll go away this time...

Take a look at CMC's homepage and tell me what you see. I only see shit. (other than #1) And people trade and hodl these shits with the hopes of them becoming the new bitcoin. And there are hundreds of thousands of them.

No offense man but reading this makes it sound like you're upset that you sold all your coin and now you're bitter and looking for ways to justify your position. I totally understand why you did what you did (even if I don't agree) but the shitcoins have always been there as a distraction to serve to try to take $$$/BTC away from people. Just don't fall for those traps and you'll be fine

[Basorexia]

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!

Buddy, check please your collectible toy.
I made it especiaaly for you.
https://bitcointalk.org/index.php?topic=5231731.msg54032061#msg54032061

P.S. I apologize for offtopic

[mindrust]

Another honest thought...

As much as we all hate Tone Vays, I believe he was right about one thing.

Shitcoins.

They are a huge part of the problem and nobody can do nothing about it. (anybody can create a shitcoin and scam others before going to zero) Without all of them going to zero, I think bitcoin will have serious problems, price-wise against the USD.

Maybe they'll go away this time...

Take a look at CMC's homepage and tell me what you see. I only see shit. (other than #1) And people trade and hodl these shits with the hopes of them becoming the new bitcoin. And there are hundreds of thousands of them.

No offense man but reading this makes it sound like you're upset that you sold all your coin and now you're bitter and looking for ways to justify your position. I totally understand why you did what you did (even if I don't agree) but the shitcoins have always been there as a distraction to serve to try to take $$$/BTC away from people. Just don't fall for those traps and you'll be fine

There weren't always that many shitcoins. That's a fact. Their numbers are increasing with everynew day, that's a fact too. These aren't lies. Check CMC's historical snapshots and see it yourself.

I might be upset, I might be not. That's just how I feel and see it right now.

[heslo]

Another honest thought...

As much as we all hate Tone Vays, I believe he was right about one thing.

Shitcoins.

They are a huge part of the problem and nobody can do nothing about it. (anybody can create a shitcoin and scam others before going to zero) Without all of them going to zero, I think bitcoin will have serious problems, price-wise against the USD.

Maybe they'll go away this time...

Take a look at CMC's homepage and tell me what you see. I only see shit. (other than #1) And people trade and hodl these shits with the hopes of them becoming the new bitcoin. And there are hundreds of thousands of them.

No offense man but reading this makes it sound like you're upset that you sold all your coin and now you're bitter and looking for ways to justify your position. I totally understand why you did what you did (even if I don't agree) but the shitcoins have always been there as a distraction to serve to try to take $$$/BTC away from people. Just don't fall for those traps and you'll be fine

There weren't always that many shitcoins. That's a fact. Their numbers are increasing with everynew day, that's a fact too. These aren't lies. Check CMC's historical snapshots and see it yourself.

I might be upset, I might be not. That's just how I feel and see it right now.

Of course there weren't... that's cos more and more people are realising they can get money from others easily by making a coin. The trick is to not buy those shitcoins all marketed on false promises and lies. There's a reason BTC has been around 10+ years and is still totally dominant in every metric

[HairyMaclairy]

[mindrust]

Another honest thought...

As much as we all hate Tone Vays, I believe he was right about one thing.

Shitcoins.

They are a huge part of the problem and nobody can do nothing about it. (anybody can create a shitcoin and scam others before going to zero) Without all of them going to zero, I think bitcoin will have serious problems, price-wise against the USD.

Maybe they'll go away this time...

Take a look at CMC's homepage and tell me what you see. I only see shit. (other than #1) And people trade and hodl these shits with the hopes of them becoming the new bitcoin. And there are hundreds of thousands of them.

No offense man but reading this makes it sound like you're upset that you sold all your coin and now you're bitter and looking for ways to justify your position. I totally understand why you did what you did (even if I don't agree) but the shitcoins have always been there as a distraction to serve to try to take $$$/BTC away from people. Just don't fall for those traps and you'll be fine

There weren't always that many shitcoins. That's a fact. Their numbers are increasing with everynew day, that's a fact too. These aren't lies. Check CMC's historical snapshots and see it yourself.

I might be upset, I might be not. That's just how I feel and see it right now.

Of course there weren't... that's cos more and more people are realising they can get money from others easily by making a coin. The trick is to not buy those shitcoins all marketed on false promises and lies. There's a reason BTC has been around 10+ years and is still totally dominant in every metric

People weren't supposed to elect Trump too. They did it anyway.  Not saying Hillary was better btw. They just didn't have a choice.

[Cryptotourist]

Just thinking of smoking some nice buds for a day while the world passes me by, lots of capacity available

bud?

the amount of bud reserve level i have is the 1st thing i check, and the 1st i top off when needed.

so.. plan is to sit back and enjoy the ride.

Nobody can claim that I didn't prepare for this lock down.



Anyway, it's like summer outside. The sea is calling for me.
Have a great Sunday brothers.

[hv_]

Another honest thought...

As much as we all hate Tone Vays, I believe he was right about one thing.

Shitcoins.

They are a huge part of the problem and nobody can do nothing about it. (anybody can create a shitcoin and scam others before going to zero) Without all of them going to zero, I think bitcoin will have serious problems, price-wise against the USD.

Maybe they'll go away this time...

Take a look at CMC's homepage and tell me what you see. I only see shit. (other than #1) And people trade and hodl these shits with the hopes of them becoming the new bitcoin. And there are hundreds of thousands of them.

The shitcoin virus started with changing Bitcoin s DNA, copy, forking, whatever

Nothing really is of need, just to make some central forkers, devs, ICO foundations rich

[Cryptotourist]

You know, the little mini-market in my village is always packed with local stuff, so no.

On this occasion, I would only go to the hospital, just before my final breath.
Fear got the best of you too HM, sorry.

[vapourminer]

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!

wait. no coffee.

not sure that even has meaning, i cant really get my head around it.

coffee is so essential the furthest i can move before i need a cup of coffee, especially the 1st one, is about 100 feet. maybe. and i need to rest and have a smoke 1/2 way there.

this is bad.

[HairyMaclairy]

Fear got the best of you too HM, sorry.

Italian coronavirus clinical guidelines:

“It may become necessary to establish an age limit for access to intensive care.”

Those who are too old to have a high likelihood of recovery, or who have too low a number of “life-years” left even if they should survive, would be left to die.”

In addition to age, doctors and nurses are also advised to take a patient’s overall state of health into account: “The presence of comorbidities needs to be carefully evaluated.”

These guidelines apply even to patients who require intensive care for reasons other than the coronavirus, because they too make demands on the same scarce medical resources. As the document clarifies, “These criteria apply to all patients in intensive care, not just those infected with CoVid-19.”

https://www.theatlantic.com/ideas/archive/2020/03/who-gets-hospital-bed/607807/

So don’t get in a car crash because you may just be left to die, even if it was otherwise survivable.  

Now tell me again that I am overly concerned.  

[El duderino_]

https://www.khealth.ai/

Maybe something useful ....

[El duderino_]

Daaaaamn Paashaas forgot something on his update...

Belgium all places like bars and resto's are closed, Holland they are still open...

So what happens, all the f*cked up dumb Belgians are going to the Netherlands to get there drinking in bars and restos and sh*t, little bit un responsible behavior