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

[Hueristic]

The root cause is selling. Lotsa selling.

Whats the net volume been?

Actual Coins not these fucking fractional reserve numbers.


I bet its at the point no one knows now and thats how they can manage this shit!

[1715275979]

1715275979

[gentlemand]

Mum says get your arse back in the damn bunker before she has to break out the paddle.

They both committed suicide after being driven mad playing Hawaiian Christmas by Wout Steenhuis and the Kontikis on an endless loop to protect me. I presume it's playing now but my brain has tuned it out.

Ok. I'll check back in 2040.

[HI-TEC99]

Mum says get your arse back in the damn bunker before she has to break out the paddle.

They both committed suicide after being driven mad playing Hawaiian Christmas by Wout Steenhuis and the Kontikis on an endless loop to protect me. I presume it's playing now but my brain has tuned it out.

Ok. I'll check back in 2040.

I thought you lived in your mom's basement like the rest of us.

[HI-TEC99]

Anyone thinking of going to NL to get pissed/stoned or whatever had better hurry up. NL is closing all bars, sex shops and coffee shops from tonight.

[Wekkel]

A lockdown today, is keeping El_duderino away 

[jojo69]

I've never been a fan of allowing china into the global economy as they do not adhere to human rights and all this shit was forseeable and inevitable but short sighted 1%rs had their way and here we are now.

I blame Nixon

[BitcoinGirl.Club]

Good afternoon WO!
Observing @ $5,331

[Raja_MBZ]

I think it's time for cow urine.

Hindu group touts cow urine elixir for coronavirus

Dozens of Hindu activists held a cow urine party in the Indian capital Saturday to protect themselves from the new coronavirus, as countries around the world struggle to control the deadly pandemic.

"Whoever drinks cow urine will be cured and protected," Hari Shankar Kumar, one of the volunteers at the event, told AFP as he served the "remedy" in brown clay cups.

https://news.yahoo.com/hindu-group-touts-cow-urine-elixir-coronavirus-145301429.html

[Biodom]

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

Nice to see you back.

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.

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.

Not only that (and I had my fill of panic sells, especially in 2017 as well), but people also have to be accustomed to selling AND buying.
If you never sell, you would be more prone to dramatic sells of too much percentage of your portfolio.

I never sell more than 1% of my current position (in btc; in alts, much more) at once and I also never buy more than that anymore.

It is entirely possible that btc will go to $0.1-1 mil. However, it is also possible that it is a legend that won't happen in this particular universe.

[OutOfMemory]

A lockdown today, is keeping El_duderino away  

This is so wrong.
Forgot it's sunday?

a lockdown a day
keeps duderino away
This is how it's done!

#haiku

EDIT: I'd like to create a CovidObserver thread, to keep WO "cleaner". But then i was afraid that nobody joins...

[Biodom]

An interesting twitter thread (on S2F guy page):

https://twitter.com/CaitlinLong_/status/1238915150368792576

[gentlemand]

EDIT: I'd like to create a CovidObserver thread, to keep WO "cleaner". But then i was afraid that nobody joins...

It's here - https://bitcointalk.org/index.php?topic=5220206.0  where any other thread on it would end up anyway.

I'd certainly prefer the discussion to migrate.

[lightfoot]

Possibly. The interesting thing about the bubble is the money never really existed anyway. It was just fake virtual "money" backed by nothing and disssolves in a puff of wind.

[jojo69]

indeed

If the government can print as much money as it likes, then why do we pay taxes at all?

peeps be waking up

[Searing]

Possibly. The interesting thing about the bubble is the money never really existed anyway. It was just fake virtual "money" backed by nothing and disssolves in a puff of wind.

or it was the fastest money you could turn over in a real black swan emergency to fill your 'likely everyone's" empty emergency fund!

So what MAY happen now is after the fed continues to pour money into this? (the pundits say on Monday's dump of cash will be $2.5 Trillion USD in less than a week)

and the rest of the world doing the same. You may see less than enlightened despot type countries pull the same thing as Cyprus in 2013 and India.

Limit cash withdrawals in developing countries..can't move your money out...those same countries printing money in mass as well, etc, etc.

Inflation comes back, you know the saying if the USA has a recession the rest of the world has a depression..or at least in the developing countries.

So, you can't print this much $$$ needed or not and have or continue the massive tax cuts, etc in play in the USA and of course don't forget MORE qualitative easing

(printing $$) outside of just helping wall street. This will indeed be the year, 2020 when we find out if BTC/Crypto IS just a speculative asset like all the rest and will

take years to recover from or that BTC/Crypto does have the 'chops' to act, even in a limited way, as a store of value as everything hits the skids.

we will see I guess..but why I'm still HODL'ing (then again I'm boring and old in 15-20 years likely will be drag'd off to the nursing home..so what do I care in the long run)

make your own decisions...but with age and the pandemic if BTC goes beanie baby it does not even make the top 3 of crap things I don't want to happen.

see..grumpy old man powers do have their uses

brad


 

[LFC_Bitcoin]

Glad to see there’s a dedicated COVID-19 thread. That shit was starting to get tedious in here.
Edit - (It’s been here since Jan FFS).

What do we think about the potential price direction this week, guys?

[OutOfMemory]

EDIT: I'd like to create a CovidObserver thread, to keep WO "cleaner". But then i was afraid that nobody joins...

It's here - https://bitcointalk.org/index.php?topic=5220206.0  where any other thread on it would end up anyway.

I'd certainly prefer the discussion to migrate.

Thanks, i know this one already, but it's so different to the personal style of WO's Covid-posts, if you know what i mean.
Too sterile.

Possibly. The interesting thing about the bubble is the money never really existed anyway. It was just fake virtual "money" backed by nothing and disssolves in a puff of wind.

True. What adds to this is that the whole world was just copying the "strategy" of printing virtual money, raising debt, just not to fall too far behind the "leaders" in world economy.
Different concepts would have had a good chance to outweigh or even destroy the debt economy, but now it's just too late, too big not to fail.
Seems we need to fuck up big time until we can start to do it wrong again  

EDIT: Global economy reminds me a lot of the old game classic "Lemmings", tbh.

[gentlemand]

Thanks, i know this one already, but it's so different to the personal style of WO's Covid-posts, if you know what i mean.
Too sterile.

Then infect the thread. They won't allow another one most likely.

[OutOfMemory]

Thanks, i know this one already, but it's so different to the personal style of WO's Covid-posts, if you know what i mean.
Too sterile.

Then infect the thread. They won't allow another one most likely.

Done.
https://bitcointalk.org/index.php?topic=5220206.msg54035213#msg54035213
I see fillippone co-infected it 

[Biodom]

What do we think about the potential price direction this week, guys?

first down, then up, then down  

more pertinent important questions:

will equity markets stay open: I hope that US and UK will, I doubt that they would stay open in EU

will banks stay open: they should, or SHTF

will credit cards work: I am reasonably confident that they would