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

[Biodom]

@APompilano
The Fed just announced historic actions of emergency rate cut to zero and $700 billion in quantitative easing.

Stock futures just opened 5 minutes ago and they are already falling.

The market is basically calling the Fed's bluff...
https://twitter.com/apompliano/status/1239311910870364161?s=21

It's too early to tell, perhaps.
Now that my short term bonds will yield zero (in US), where to invest fiat?
No need to increase my btc yet [EDIT: oh, oh, btc is following SP500 futures after a spike].
Maybe zero is still better than a negative number?
Somehow, I don't really like gold as it always seemed to be manipulated by one party or another.

[HI-TEC99]

Now that my short term bonds will yield zero (in US), where to invest fiat?

In toilet paper.

[jojo69]

100x long popcorn

[Biodom]

Now that my short term bonds will yield zero (in US), where to invest fiat?

In toilet paper.

that's a 'short term' investment, lol (EDIT: depending on how much you buy, though]

[bitserve]

Nice ride! Let's do it again!

[suchmoon]

@APompilano
The Fed just announced historic actions of emergency rate cut to zero and $700 billion in quantitative easing.

If the Fed had to do THAT a few weeks into the crisis then obviously everyone's thinking "how much worse do they expect this situation to become".

All those money-printing bandaids won't help until the underlying reason is cured. I appreciate cheap dollars though, might come in handy for taking some cash out of the house before real estate prices collapse.

[lightfoot]

I was wondering why the screen light up in green few minutes ago.
Reducing reserve requirement to zero? Does it mean that bank can give unlimited loans when they have NO deposits?
That's a nice business to be in. Maybe I should re-fi my car loan or mortgage? They should give me 0%, right? /s

I was wondering that too. Technically it would mean infinite money, which is kinda cool.

But I'd wait till they are paying you at least 8% to take their shit money.

[marcus_of_augustus]

denial will take many forms ... down-playing the severity of the event in their own minds, like the MSM did for 6 weeks (to buy govvies time for stockpiling before their citizens), rage-quitting, pout-quitting, panic-buying, panic-selling, creating trivial distraction games (fiddling while rome burns), shouting(shooting) at messengers, la-la-la-blocking your ears, etc.

Make your peace with it, AS IT IS.

[El duderino_]

A lockdown today, is keeping El_duderino away 

Very quick word, but it’s something else keeping me away atm   

[jojo69]

what's good for the goose ...

[d_eddie]

...is good for the banter.

[JayJuanGee]

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.

Helso is totally correct.  Just because flukes happen, we should not be living our lives and planning around that flukes are going to happen because then we are missing the planning around more likely scenarios. 

Of course there are ways to accomplish both.   Each of us plans around more likely scenarios, but we also prepare ourselves (in a kind of hedging way) for the more outrageous scenarios, therefore we are mostly going to be successful in our bets, while at the same time, not panicking when the outrageous happens because we have done a sufficient amount of hedging for such "way less likely" scenario(s).

[_javi_]

and tbh I'd rather have pandemic posts in here than that stupid fucking Vegeta game ... that can fuck right off into it's own thread please, thank you.

I prefer the Vegeta game by far. At least its BTC related, and its about observing price (On topic)

The pandemic should be commented elsewhere... Toilet Paper Observer thread..

[birr]

denial will take many forms ... down-playing the severity of the event in their own minds, like the MSM did for 6 weeks (to buy govvies time for stockpiling before their citizens), rage-quitting, pout-quitting, panic-buying, panic-selling, creating trivial distraction games (fiddling while rome burns), shouting(shooting) at messengers, la-la-la-blocking your ears, etc.

Make your peace with it, AS IT IS.

Make peace with what?  I have nary idea.

[Biodom]

I think money can be discussed here since it is potential future bitcoin  .

[Yaplatu]

Source Twitter : @krugermacro

CME is not bitcoins friend 

[strawbs]

I absented myself from here for most of the last couple of years to go and spend time in the real world, so now have no idea what the Vegeta thing is all about. Could someone explain succinctly (apologies to those who are anti-Vegeta).

[bones261]

I absented myself from here for most of the last couple of years to go and spend time in the real world, so now have no idea what the Vegeta thing is all about. Could someone explain succinctly (apologies to those who are anti-Vegeta).

[HI-TEC99]

I absented myself from here for most of the last couple of years to go and spend time in the real world, so now have no idea what the Vegeta thing is all about. Could someone explain succinctly (apologies to those who are anti-Vegeta).

As far as I understand it Vegeta is a Prince from a kids cartoon in which most of the characters are named after vegetables. Someone started posting a picture of him each time we hit a new ATH.

The long version is here.

https://en.wikipedia.org/wiki/It%27s_Over_9000!

[jojo69]

it was big with millennials when they were kids, big internet thing

think "all your base are belong to us"

or maybe I'm dating myself, might have been late Xers