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

[nullius]

You can buy unallocated pool metals from Kitco... I know, not your keys not your coins.

LOL, FTFY:

You can buy unallocated pool metals from Kitco... I know, not your coins not your coins.

...indeed, just like Bitcoin!  (At least in this respect.)

I have never used my Bitcoin there.

Well, you must be laughing it up at all the people HODLing dollars.

Why not take delivery?  Oh, right.  Hmmm.

[btcbeliever]

Actually, I don't know where I can buy tether with Fiat where I can deposit via wire transfer in the U.S?

Seems like Gemini, coinbase don't support tether. Is there any other option?

In case you haven't gotten an answer; Kraken.  They support Tether, but honestly I haven't used their service, so it's not a recommendation.  I would just use Coinbase or Bitstamp to buy BTC then send it to Binance to trade for whatever.

easy to convert usd to usdc on pro.coinbase.com, then of course send it anywhere to an outside wallet address.

[xhomerx10]

You can buy unallocated pool metals from Kitco... I know, not your keys not your coins.

LOL, FTFY:

You can buy unallocated pool metals from Kitco... I know, not your coins not your coins.

...indeed, just like Bitcoin!  (At least in this respect.)

I have never used my Bitcoin there.

Well, you must be laughing it up at all the people HODLing dollars.

Why not take delivery?  Oh, right.  Hmmm.

 Thanks for fixing that.  

 I have taken delivery in the past but dealing with physical metals is a pain in the ass and based on current events, I'm not so sure when the shit hits the fan it will be very useful anyway. Nobody wants to touch anything right now with or without a glove.

edit: I never laugh at another's misfortune

[xhomerx10]

72 hours old:

https://val-media.net/video/48/the-corona-solution?channelName=5e6b9404a4da1

 Wish you would have used a tripod or even a table; the motion of the camera was making me feel ill so I couldn't watch it all.  Hope I gained enough of your wisdom to survive in the few minutes i was able to watch.

Just listen may be?

 Tried that.  Same effect.

[nullius]

https://www.theburningplatform.com/2020/03/15/nothing-to-fear-but-fear-itself/

... Roosevelt used the fears of the American people to elevate the Federal government as the savior and ultimate allocator of dispensations to the masses. This is how politicians used fear in the 1930s to implement more control over our lives.

Good thus far...

What is unacceptable is panic, bureaucratic “do something!” tyranny, and worst of all, hybris.

[...]

I do not fear the virus.

I fear the government which claims jurisdiction over my secure undisclosed location.  Its current behaviour is alarming.

I fear the people talking apes around me.  They are panicking, behaving irrationally, and clamouring for an aggressive government response.  Predictably, the government replies with a bureaucratic mess that spectacularly fails to prevent the spread of the virus, whilst instantly instantiating a de facto dictatorship—not potential dictatorship, actual dictatorship, right now, today!  Nobody notices.

[...]

I’ve followed this entire coronavirus outbreak with a skeptical eye since it first appeared on the radar in January. Knowing that I’m lied to by virtually everyone has made it difficult to comprehend the truth about this ongoing crisis. We know China lied to the entire world about the outbreak in Wuhan. It wasn’t until social media revealed the true extent of the virus and quarantine of a city larger than NYC, that the world began to understand this was serious.

The fact that a military bio-lab in Wuhan somehow contributed to the initial outbreak has been downplayed by the propaganda media. The arrest of a Harvard chemistry professor and two Chinese nationals for trying to smuggle biological vials to China in January is also highly suspicious.  A Canadian government scientist at the National Microbiology Lab in Winnipeg made at least five trips to China in 2017-18, including one to train scientists and technicians at China’s newly certified Level 4 lab, which does research with deadly pathogens.

All indications point to this virus being man made, for purposes of biological war. Whether it was released into the world by accident or on purpose is unknown.

Now, hold up a moment!  Compare this:

0. Governments seize upon an emergency to arrogate unto themselves “emergency powers”.  Whether they create the emergency, or merely take opportunistic advantage of some existing situation producing panic which they can encourage and exploit. all that they need is an emergency.

The emergency may be a more or less real problem.  For example, the Roosevelt gold seizure exploited panic over the Great Depression.  No reasonable person denies that the Great Depression caused widespread worry and suffering.  I must mention this explicitly, because imbeciles the feeble-minded the subnormal Americans mental retards persons with intellectual disabilities irrationally assume that tyrants can only exploit fake events.

Yes, “fake” is not the same as “created by the government”.  Yes, also, I am reasonably sure that the Great Depression was caused by the Fed (whether from malice or stupidity), and subsequently exploited (from malice only).  Nevertheless, the same principle applies:  The fact that a crisis can be exploited—is being exploited for tyrannical purposes does not in itself support any inference whatsoever about its causes.  Tyrants can act opportunistically!

[...]

What is not taught in government schools or proclaimed by the propaganda spewing fake news media were the dictatorial type actions taken by FDR over the next month after his “inspirational” speech. He was the first Democrat president to not let a crisis go to waste. The day after his inauguration, Roosevelt assembled a special session of Congress to declare a four-day bank holiday, and on March 9 signed the Emergency Banking Act.

What the American people should have feared was the government taking control of every aspect of their lives and threatening them with imprisonment if their dictums were not followed. On March 6, taking advantage of a wartime statute that had not been repealed, he issued Presidential Proclamation 2039 that forbade the hoarding ‘of gold or silver coin or bullion or currency’, under penalty of $10,000 and/or up to five to ten years imprisonment.”

Yes, I have been hitting that point hard since I was a Newbie:

This is fact, not fancy.  Not some weird theory.  This is history:  It actually happened.  And if it happened before, it could happen again.

[...]

It happened: “CRIMINAL PENALTIES... 10 years imprisonment...” for keeping gold!

One month later, Roosevelt implemented Executive Order 6102 “forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States”. FDR, like every corrupt politician, overstepped his authority by invoking the Trading with the Enemy Act of 1917, to seize all the gold in the country. The fake reason for the order was that hard times had caused “hoarding” of gold, stalling economic growth and making the depression worse.

As usual, the Federal Reserve created the Great Depression through their recklessly easy monetary policy during the 1920s, creating a stock market bubble and its inevitable crash. The false rationale behind the order was to remove the restriction on the Federal Reserve which prevented it from increasing the money supply during the depression; the Federal Reserve Act (1913) required 40% gold backing of Federal Reserve Notes issued.

Excessive money printing by the Fed to benefit their Wall Street owners and the monied interests is a consistent theme since the Fed’s shameful conception in 1913. They catalyzed the Great Depression Fourth Turning in 1929 and seventy-nine years later created the current Greater Depression Fourth Turing in 2008. Americans should fear what they have done to our country.

Roosevelt used the fears of the American people to elevate the Federal government as the savior and ultimate allocator of dispensations to the masses. This is how politicians used fear in the 1930s to implement more control over our lives. They used the 2008 Wall Street created financial collapse to further confiscate the nation’s resources, while screwing over the little guy.

Hmmm...

Think it can’t happen?  Well—how many of you are American?  Private individual ownership of gold coins and bars was illegal in the United States for four decades.  “Hoarding” individual wealth in gold was banned from 1 May 1933 until 31 December 1974.  Vast amounts of gold bullion were confiscated from people, who were forced to accept instead the Monopoly Money known as “United States Dollars”.  Numerous individuals were criminally prosecuted for attempting to keep their gold—a crime according to Executive Orders 6102, 6111, 6260, and 6261, and the Gold Reserve Act passed by the U.S. Congress and signed into law by U.S. President Franklin Delano Roosevelt.

U.S. President Franklin D. Roosevelt signs law criminalizing gold
30 January 1934

Now, we are in the midst of another manufactured crisis

Protip:  When you have a rock-solid point that is completely indisputable as to fact, don’t bollox it up with stuff you cannot prove in black and white.

For example, everything that I said here is reasonably unimpeachable—unless somebody wants to deny that lockdowns are occurring, or whatever?

1. Under the banner of Emergency, governments inure panicked sheep to:

• ✔ Government control of food supplies
• ✔ Government control of both local and long-distance travel
• ✔ Arbitrary lockdowns
• ✔ Direct government control of each individual’s body, under the rubric of e.g. “healthcare”
• ✔ Arbitrary, peremptory government orders of any kind whatsoever
• Total government control of communications^*

(* In my nightmare, this has not yet started; thus, I would still be able to post this message.  The worst part of my nightmare is when I discover that dissent is so marginal amidst the mass-panic, the government finds it unnecessary to control communications.)

All of these actions are praised by the sheep, due to mass panic.  Dissidents will be immediately labelled “conspiracy theorists” and/or accused of wanting for people to die.

2.  The government’s actions do not actually stop the emergency.  This is a feature, not a bug.  Short-term “emergency” measures become long-term daily realities to which people have become accustomed:  The instant new normality.

(For my nightmare, it would be quite convenient if, say, the “emergency” were a rapidly spreading infectious disease with high fear factor and low lethality.  With a bit of luck, such an emergency may continue for long enough to make total, inescapable global tyranny an accomplished fact—or even indefinitely!)

To be clear, I concur with the same points about the government responses.  I am urging more effective advocacy.

[LFC_Bitcoin]

Anybody think the bottom is in & we’ll ride it out sideways for a bit until this fucking virus FUD dies out before heading to $7000 & beyond near the halving?

If I had to bet on an outcome this would be it?

[Wekkel]

I’m not betting but take the cautious approach that the next 2 years won’t being anything. Not because of Bitcoin but because of the bear market in financial markets at a time that everything behind it is also rickety as hell.

It can only get better from that point of view.

[gentlemand]

Anybody think the bottom is in & we’ll ride it out sideways for a bit until this fucking virus FUD dies out before heading to $7000 & beyond near the halving?

If I had to bet on an outcome this would be it?

To many unknown unknowns to make any type of guess in my opinion. It is being made up as it happens.

[suchmoon]

Anybody think the bottom is in & we’ll ride it out sideways for a bit until this fucking virus FUD dies out before heading to $7000 & beyond near the halving?

If I had to bet on an outcome this would be it?

The "fucking virus" is very likely to get a lot worse before it gets better so I would hedge such a bet up the wazoo if I had to do it.

[fillippone]

IMO, COVID19 is probably deadlier than most people think. Let's compare the recovery/death percentage of the most-affected nations where actual democracy exists:

Top 5: China, Italy, Iran, Spain, and S. Korea.

Ignoring China, Iran, and S. Korea:

ITALY:

Total recoveries: 2749
Total deaths: 2158

Percentages:

Recovery: 56%
Death: 44%

SPAIN:

Total recoveries: 530
Total deaths: 342

Percentages:

Recovery: 60%
Death: 40%

Bear in mind that today a few Italian regions didn't returned the data, so probably tomorrow is going to be a worse day.

Regarding why italian numbers are so bad:

Why it’s so deadly in Italy

This question relates both to the absolute number of deaths , which is currently exceeded only in China, and to the case fatality rate, which has risen to 6.6% and exceeds any other country in the world.
To make sure we are all on the same page: The case fatality rate of COVID-19 is the number of confirmed deaths due to COVID-19 divided by the total number of confirmed cases of infections with the coronavirus SARS-CoV-2. The case fatality rate (CFR) should not be confused with the mortality rate or death rate (while it often is confused with them), which is simply the total number of deaths that occur during a specific time frame divided by the number of the total population at approximately the same time. Currently, we are more interested in the CFR because we see the number of cases growing and we want to know how many of these diagnosed cases will result in the death of the patients. The CFR is currently at 0.066 or 6.6% in Italy, 2.1% in France, 0.8% in South Korea, and 0.2% in Germany, according to the latest data collected by worldometer. What explains these immense differences?

Main Bitcointalk Thread on CoronaVirus:
Coronavirus Outbreak

[lightfoot]

Yes, it *has* been that bad ever since the '08 financial crisis: A complete zombie economy hanging by a string.

Eh, we're merely back to 2018 levels. It needs to fall a LOT more to hit 2008 values.

[eddie13]

Feeling bullish..

Thinking the stock market boys have ran out of bitcorns to sell now..

Dow doing worse than bitcoins now..

feeling bullish..

not a haiku..

[rdbase]

Anybody think the bottom is in & we’ll ride it out sideways for a bit until this fucking virus FUD dies out before heading to $7000 & beyond near the halving?

If I had to bet on an outcome this would be it?

The "fucking virus" is very likely to get a lot worse before it gets better so I would hedge such a bet up the wazoo if I had to do it.

Thats why they came up with this site to combat the fuck outta this virus:
https://staythefuckhome.com
"A Movement to Stop the COVID-19 Pandemic
Our governments are only slowly implementing measures to control the spread of SARS-CoV-2 and containing the COVID-19 pandemic. Slow reactions, public appeasement policies, and their urge to stabilize the economy have kept them from taking the measures needed to protect millions from this disease. However, it is not only the government's burden to bear. It is time for us, as citizens of this earth, to take action now and do our part in fighting COVID-19."
https://twitter.com/stfhofficial
https://github.com/flore2003/staythefuckhome

[LFC_Bitcoin]

XTP making big moves!

#mainstreamadoption



(Photo credit - https://twitter.com/pharmawine/status/1239682611770884096?s=21)

[somac.]

Feeling bullish..

Thinking the stock market boys have ran out of bitcorns to sell now..

Dow doing worse than bitcoins now..

feeling bullish..

not a haiku..

I think you're right. While we may go lower, buying at these levels is a good buy

[JayJuanGee]

Anybody think the bottom is in & we’ll ride it out sideways for a bit until this fucking virus FUD dies out before heading to $7000 & beyond near the halving?

If I had to bet on an outcome this would be it?

I agree with you about the general sentiment, but there is also a dynamic in which bearwhales are going to want to take opportunity throw a sufficient amount of ammunition in order for it to appear that the "halvening" is NOT any kind of thing.

Accordingly, there is going to be incentives to keep the BTC price down for as low and as long as possible.. and many of us also know that the real effects of the halvening and the reduced new supply take a bit of time to actually be felt in a kind of material and significant way.. so accordingly, it seems to me that fucktwat bearwhales are going to cause the same kind of bullshit and out of control explosion that they had caused in previous exponential runs.. that is their keeping the BTC price down lower and for longer than reasonable, then such manipulation ends up causing (or contributing to) out of control upwards explosion(s) in the BTC price.

[Searing]

[edited out]

[record number of words from Searing.....  i've been bested]
 

I am glad that you got those ideas off of your chest, searing, and I am also glad that you don't feel inclined to break emotionally or financially at any time in the near future... and you perceive that you have your bases largely covered from your own perspective of your circumstances.

Of course, ever guy / gal here has to come to his/her own conclusions about the level of investment and risk that s/he is willing to take on, and sometimes, even if some of us might not agree with the strategies of others or we might be razzing (or perceived to razz) other members; hopefully, in the end, each member comes to his/her own individually tailored and specific conclusion(s) regarding whether and how to proceed with BTC investing and appropriate, adequate and reasonable risk management.

And, of course tweaking along the way.  Frequently, my also long rants, are more intended to help me, than to help you frequently ungrateful fucks.    (just kidding.. could not resist)...

So, anyhow, sometimes we can learn from others, learn from ourselves by typing out our ideas and then tweak our BTC related plans and strategies to the extent that we deem to be prudent to the times and to our perception of our own situation within the current times.

Well, if I get truly 'rekt'd' on my views of why I'm HODL BTC/Crypto and the current stock market situation/ratio I have and no debt and if such....puts me in some kinda 'dire need', as a wrong bet,

then everyone else is really, truly worse off than me indeed! Not to say it could not happen, we could have a couple back to back black swan events..in a row for this to affect me drastically.

or massive medical needs etc. Just saying, if it goes so far so fast on every frigging thing, as it effects my over 30-year kinda same $$$/lifestyle and such...in a negative

way, then I hate to think what the average joe/jill would go though! You get old enough and go through like me 5 recessions or some such, and you at least learn how to self-delude

yourself on the reality of the situation and just move on. This has indeed been a black swan event, so, don't beat yourself up about it. What works in a ''rising" or sideways market of any kind,

be it Bitcoin/Crypto/Gold/Stocks/Bonds or whatever 'usually' catches you completely flat-footed/wrong-footed when it all goes to sh*t. Sometimes you have been just washed off the riverbank and in

and trapped in the floodwaters and everything is out of control and have to deal with such as you and can barely float, wet and cold though it may be, and you just have to call 'floating' a win and

move on till circumstances have changed to the positive. I've taken positions and no debt to 'likely' not get banged up too much. As they say, "The needs must, if the devil drives" a 15th century

saying. We will be the first to know I guess, even if this drags out a few months.

Brad

[bullrun2024bro]

I bought today.

[Raja_MBZ]

~snip~
Bear in mind that today a few Italian regions didn't returned the data, so probably tomorrow is going to be a worse day.

Regarding why italian numbers are so bad:

Why it’s so deadly in Italy

This question relates both to the absolute number of deaths , which is currently exceeded only in China, and to the case fatality rate, which has risen to 6.6% and exceeds any other country in the world.
To make sure we are all on the same page: The case fatality rate of COVID-19 is the number of confirmed deaths due to COVID-19 divided by the total number of confirmed cases of infections with the coronavirus SARS-CoV-2. The case fatality rate (CFR) should not be confused with the mortality rate or death rate (while it often is confused with them), which is simply the total number of deaths that occur during a specific time frame divided by the number of the total population at approximately the same time. Currently, we are more interested in the CFR because we see the number of cases growing and we want to know how many of these diagnosed cases will result in the death of the patients. The CFR is currently at 0.066 or 6.6% in Italy, 2.1% in France, 0.8% in South Korea, and 0.2% in Germany, according to the latest data collected by worldometer. What explains these immense differences?

Main Bitcointalk Thread on CoronaVirus:
Coronavirus Outbreak

Wow, I didn't know about that CoronaVirus thread. Thanks!

[Heater]

Come on Bitcoin - you know what to do. It's your time to shine.