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

[VB1001]

https://twitter.com/BitcoinMemeHub/status/1239800828812300290

[Paashaas]

Guys, I want you to remember something...and remember it well.

It only took ~4 weeks for the U.S. to go from the sentiment of "greatest, strongest economy evar!", "fully recovered!", "stock market at ATH!", to frantically needing another Fed $1.5T BAILOUT that's actually larger than the one need during the 2008 Financial Crisis that nearly collapsed the world economy.

Does that really sound like things have recovered and the U.S. economy is strong? Does that sound like the U.S. has gotten things under control? That the U.S. isn't a zombie economy just like every other country in the world?

People need to get their heads out of their asses, and start buying Bitcoin, Gold, Silver, really ANYTHING deflationary instead of fkn toilet paper and Purell.

Because it won't be the coronavirus that kills them. It'll be the massive heart attack they have when the world economic reset comes, and 1 or 2 zeros get lopped off their entire fiat-measured net worth and they go bankrupt overnight.

Trump is a genius.

[fillippone]

*TRUMP SEEKING OVER $1,000 IN DIRECT PAYMENTS FOR AMERICANS

*MNUCHIN SAYS DIRECT PAYMENTS COULD COME IN TWO WEEKS
*MNUCHIN SAYS ENTIRE PACKAGE TO BE LAID OUT LATER TODAY
*MNUCHIN: INCREASING TAX PAYMENT DEFERRAL BY USD300 BILLION
*TRUMP SAYS MNUCHIN, SENATE WORKING ON ‘BIG, BOLD PACKAGE’
*TRUMP SAYS ‘WE’RE GOING BIG’ ON VIRUS RELIEF MONEY

Trump Wants To Send Americans More Than $1,000 in Two Weeks
Mnuchin says ‘Americans need cash now’ to weather shut downs
Tax payments can be delayed and stock market will stay openBy Josh Wingrove, Laura Davison and Saleha Mohsin

(Bloomberg) -- Treasury Secretary Steven Mnuchin said the administration is pushing to send direct payments to Americans within two weeks, and the White House wants the checks to be larger than $1,000, according to people familiar with the matter.
“Americans need cash now, and the president wants to give cash now. And I mean now, in the next two weeks,” Mnuchin said Tuesday at a White House briefing alongside President Donald Trump.
The cash payments would be part of an $850 billion stimulus plan Mnuchin is negotiating with lawmakers to deal with the coronavirus outbreak. The administration has not decided on how much to send Americans, but wants the checks to exceed $1,000, according to two people familiar with the matter.
Mnuchin said the administration will aim not to send checks to millionaires but stressed the need for urgency. He was due to meet Republican lawmakers after the briefing.
“I think we’re going to do something that gets money to them as quickly as possible,” Trump said.
Mnuchin also said the government intends to keep stock markets open.
‘Practical Limitations’
It may not be practical to get money to Americans as fast as Trump desires. When Congress sent stimulus checks in 2009 to combat the financial crisis it took more than two months from the signing of the bill to checks hitting the mail.

It’s quickest and simplest for Congress to send the same amount to every individual person, but still will take months to happen, Marc Gerson, a former tax counsel for the House Ways and Means Committee, said. If lawmakers decide to give more money to lower-income workers, it becomes even more complicated.

“There are practical limitations with cutting checks,” he said.
In a further move to relieve financial stress on average Americans, Mnuchin said that individual taxpayers can get a deadline extension on paying taxes of up to $1 million and corporations can defer tax payments of up to $10 million. The deferments can total as much as $300 billion, Mnuchin said, up from $200 billion he proposed last week.
The 90-day delay gives taxpayers additional time to pay their outstanding tax liabilities without interest or penalties. The White House is encouraging taxpayers to still file by April 15 if they don’t owe the IRS any money.
‘Substantial Reduction’
Trump on Monday advised Americans not to meet in groups larger than 10, avoid restaurants and bars and to educate their children at home if practicable. Vice President Mike Pence said that if those social-distancing guidelines are followed, the U.S. may see “a substantial reduction in the spread of the coronavirus.”
There have been more than 5,000 cases of the virus in the U.S. and 91 deaths, according to Johns Hopkins University.
Pence also said Tuesday the White House is asking construction companies to donate their supplies of N95 air-filtering masks to hospitals and to “forego making additional orders” in order to ensure health-care workers have sufficient access to the gear.

[Wekkel]

Revised: Trump is seeking $1,000 per head to plow into Bitcoin 

[DaRude]

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

Actually, maybe we are seeing some decoupling of BTC/Crypto prices from the US Stock Market..or at least, IMHO, not as much as I dreaded!

Come on Bitcoin, you know the rule, if you are running from Bears you don't have to run faster than than the Bears, just the other guy, er 'stock market'

Futures are up ~4% not observing decoupling just yet

I am trying to 'reform' my image on WO and be 'hopeful' (I may have just tilted the Universe and made everything worse! Ack!)

Anyway, also I'd recommend watching a movie called 'Contagion' and a PBS show that is really good called "Alone in the Wilderness" if you have to cope like me.

Or hell everyone jumps on and revives their decade-old WOW account?

The old Chinese Curse comes to mind: May you live in 'interesting' times.

 Come on Searing!  You remember the good old days before internet, colour TV, cell phones, ATMs and dare I say modern plumbing? (at camp I mean)  You're going to have to stay positive - people are going to be looking to guys like us when they need to know how to set up a TV antenna, write a check, use a rotary dial phone and possibly the Sears catalogue as TP!

Huh brings a whole new meaning to Searing

[gentlemand]

By the time this is done universal basic income may well be a thing in several countries including the US. China made commies out of us all just with one asshole eating a bat that fucked a pangolin.

[serveria.com]

XTP making big moves!

#mainstreamadoption



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

OMG this is hilarious! 

[nullius]

I love America.  I love it's constitution.  I love the revolutionary principles of liberty on which it is founded.  I love the landscape and I love the people.

The government of the beloved nation of my birth has evolved, before my eyes, into an unrecognizable horror of corruption and violence.

Something something...tree of liberty.

If more Americans knew what the hell you are talking about (and cared to), then perhaps I may not despise America as I do.

Since you allude to Jefferson, you may observe that Jefferson’s notion of a “natural aristocracy” was in essence an attempt to synthesize his own rationally aristocratic mentality with the “Enlightenment” ideals which he believed with a religious fervour.  The resulting vision of a State ruled by an educated middle class was what must surely be one of the most elegant populist theories ever imagined.  Too bad that it did not survive contact with reality.

I hold several of the American founders in the highest respect—both Federalists such as Washington and John Adams (plus Adams’ famous scholarly great-grandsons; read their stuff!), and Antifederalists such as Jefferson, Samuel Adams, et al.  I detest Americans all the more for betraying the gift bought with blood and honour by men greater than themselves, and bequeathed to them with a foolish generosity:  Freedom given freely, and discarded cheaply!

If my favourite American founders could see their country today, they would probably panic and beg the King to take them back.  Nowadays, the individual Americans whom I most respect are the ones who finally realize that the same patriotic principles which make them love what America could have been, must make them hate what America is.

(By the way, from your apparent lack of fatheadedness, I assume that you are probably not fat.  That itself makes you a dissident. ;-)

Yeah guess one is better off in a country where its leader cannot be ousted: Russia, China, Middle East, most African Nations....  The average law abiding citizen has never faced any hardships in such nations at all. Let alone... not being able to buy Bitcoin.  

Soooo much better to live in a country where you oust them every 8 years, but it doesn't matter and nothing ever changes.

(R) 2020!

$$$ YOUR AD HERE!! €€€

(D) 2020!

This is why I say:  Don’t vote.  By voting, you grant your moral and practical political endorsements to a corrupt system:  An ochlocracy manipulated by a plutocracy.  The result is kakocracy:  Rule of the worst.

If you vote, then you are part of the problem.

[nutildah]

Trump is a genius.

A very stable one, at that.
S&P 500 (index being shown on the chart) now down to 2486. Its insane how closely BTC has been following the stock market today... Its 'literally' looking to it for where to go next.

*TRUMP SEEKING OVER $1,000 IN DIRECT PAYMENTS FOR AMERICANS

Cool. Hope I don't need a bank account for that shiz. Wonder how that's gonna work... Hey wait a minute, who let Andrew Yang take over Trump's brain??

*TRUMP SAYS ‘WE’RE GOING BIG’ ON VIRUS RELIEF MONEY

That's the only way Trump goes.

[VB1001]

*TRUMP SEEKING OVER $1,000 IN DIRECT PAYMENTS FOR AMERICANS

Printing money is not the solution, this is a temporary solution, it only increases the global debt, more bubble.

An honest gesture would be to forgive the debt with the citizens.

[Wilhelm]

 <big snip>


Well it's funny I guess but I'm not exactly ecstatic over the fact that my hunch was right. In a panic people are like sheep all over even when the average Dutchman is usually a bit more laid back about things.

True. I wasn't expecting this. TP rage is turning pandemic....

[Biodom]

Market economy?
Airlines spent 39 billions on buybacks, now looking for a handout of 50bil.
How about this: you did not have cash cushion (like AAPL, Berkshire, google, amazon, facebook), spent all your extra money on buybacks, then your equity goes bust, your stock is worth zero, bondholders get the planes, restructure. All money to help should be there to support the company, NOT the stock price.

[jojo69]

I hear the choppers in the distance

[Torque]

Cue the helicopter money

https://www.cnbc.com/2020/03/17/mnuchin-says-trump-administration-is-looking-to-get-cash-to-americans-immediately.html

Market economy?
Airlines spent 39 billions on buybacks, now looking for a handout of 50bil.
How about this: you did not have cash cushion (like AAPL, Berkshire, google, amazon, facebook), spent all your extra money on buybacks, then your equity goes bust, your stock is worth zero, bondholders get the planes, restructure. All money to help should be there to support the company, NOT the stock price.

^^^^
This

[Biodom]

I hear the choppers in the distance

...and 30 year treasury increased in yield almost 10% in ONE day.

[Torque]

Revised: Trump is seeking $1,000 per head to plow into Bitcoin 

Ur goddamn right that's what I'll be doing with it 

[BitcoinBunny]

Bernie Sanders will probably be shouting that Trump should give $2000 to every American and $3000 to every Mexican.

[Gyrsur]

WTB TP@xxx

Anyone?

All big supermarkets here are overrun by idiots, though the small grocery stores in the villages are stocked up to the ceiling. I could choose between 7 different kinds of finest ass-wiping-material a few hours ago.
That said, if you can afford the shipping I can send you literally shitloads of TP.

I have to smile heartly when I imagine the FOMO moving from TPR to BTC in the very very near future. Moon could possibly be closer than it ever was.

guess selling TP could be the new schema to get rich quick. 

[2020VISION]

*TRUMP SEEKING OVER $1,000 IN DIRECT PAYMENTS FOR AMERICANS

Printing money is not the solution, this is a temporary solution, it only increases the global debt, more bubble.

An honest gesture would be to forgive the debt with the citizens.

PRINT MORE TOILETPAPER^^^ :-D WEEEEEEEEEEEEEEEE

[2020VISION]

WTB TP@xxx

Anyone?

All big supermarkets here are overrun by idiots, though the small grocery stores in the villages are stocked up to the ceiling. I could choose between 7 different kinds of finest ass-wiping-material a few hours ago.
That said, if you can afford the shipping I can send you literally shitloads of TP.

I have to smile heartly when I imagine the FOMO moving from TPR to BTC in the very very near future. Moon could possibly be closer than it ever was.

guess selling TP could be the new schema to get rich quick.  

initial toiletpaper offering *presales soon* #HODL