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

[Biodom]

Wanna buy?? How many sheets you want?  

In the very near future only coiners will be able to afford a few sheets of toilet paper every month (TP whales will be trading full rolls on black market).

Nocoiners will have to wipe their butts with dirty, thin, single-layered, rough and cheaply made USD.

trade busted...my better half had bidet installed couple of years ago..wet, but clean butt ensues (sans TP).

On the economic situation: since nobody working really knows if they would be 'let go', 'furloughed' or 'fired', I would advise raising at least 6mo worth of cash expenses if you can.
Maybe i am wrong; then, i would ease back into the market later on.

[1715245415]

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[1715245415]

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[Searing]

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.

It's nice to remain optimistic but frankly all signs point to a financial and economical breakdown much harder than 2008. I remember 2008 well, and it will feel like heaven compared to 2020. I am not talking about anything related to Bitcoin but many will rush to withdraw fiat, I fear some banks will bankrupt in Europe.
Asia will probably suffer less compared to the West.

ditto on above

this whole pandemic clusterf*ck is going to accelerate corporate greed IMHO for more, home at work and no benefits surge....as 'temp' employees will gain a

A lot more % of the jobs in the coming recovery. Add 'robotics' to this/ self-driving cars/ scan and pay stores w/o checkouts..and the recovery.... well... people could find

may not be all that much of a real recovery in real $$$ with the inflation surge I see coming after this recovery to pay for Trump's corporation and wealthy

mass $$$ toss and of course the current crisis has to be paid for as well. This Pandemic may have just made things worse enough to even 'concentrate

more greed and evil' into an already, IMHO, corrupt and dysfunctional society, both in economic and political arenas. Consequences for past failures in both

economic priorities and government/social priorities are gonna be the new catchword for social/economic pain after the recovery. Power corrupts and Power

concentrates and this is like a 'ready-made' crisis to do both in both the political and economic realms. Hope I'm wrong, but as I get older, the 'gaming' of

whichever system above is less and less hidden and more and more transparent.

[nullius]

*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...

Off-the-cuff prediction, knowing America:  Not only will it require a bank account, but it will be entwined with the IRS.  Either directly, with forms that make people give statements relating to tax status—or more likely more subtly, somehow that makes people dox themselves in ways that will be useful to the IRS.  Cf. the institution by the American Kerensky of the Social Security system, replete with Social Security Numbers.  Where will this lead?  Will ☭Trump be the American Lenin?

I admit that I am going out a bit on a limb there.  It is too early to tell where that will lead; but on the other hand...  FYI, American “Social Security” cards used to be explicitly marked, “NOT FOR IDENTIFICATION”.  LOL.  Has America seen any greater mass panic since the Roosevelt era?

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

Excellent! :-)

Just as long as the Americans tick the box saying that they hodl virtual currency. :-/

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

That's the only way Trump goes.

He’s a big talker.

Maybe Trump should ask the Chinese for advice on how to build amazingly big border walls—and do it with style!

The Chinese:  “We will build a wall!”

MADE IN CHINA


American Twit-in-Chief Trump:  “#TWEET #TWEET”

What’s wrong?  You Americans can’t build a simple wall for yourselves, ever since you shut down most of your industrial base and outsourced its functionality to China?  Lulz.

I have news for you:  The People’s Republic of China pwns your country.  Now, I have no sympathy for the Communists; to the contrary, I hate them with fire.  I am merely pointing out that, for example, you, the most pestilent warmonger country in the history of Earth, could never dare to risk a war with the Red Chinese.

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

I think you meant a bunch of other politicians from both “(D) Pepsi” and “(R) Coke”.  Although Sanders is an admitted Socialist, he himself has said that mass-immigration is bad for the American working class.  Therefore, I would not assume that his almost overt Marxism would take the form that you are suggesting.

https://web.archive.org/web/20150728172319/http://www.vox.com/2015/7/28/9014491/bernie-sanders-vox-conversation

Ezra Klein

You said being a democratic socialist means a more international view. I think if you take global poverty that seriously, it leads you to conclusions that in the US are considered out of political bounds. Things like sharply raising the level of immigration we permit, even up to a level of open borders. About sharply increasing ...

Bernie Sanders

Open borders? No, that's a Koch brothers proposal.

Ezra Klein

Really?

Bernie Sanders

Of course. That's a right-wing proposal, which says essentially there is no United States. ...

[...]

But I think what we need to be doing as a global economy is making sure that people in poor countries have decent-paying jobs, have education, have health care, have nutrition for their people. That is a moral responsibility, but you don't do that, as some would suggest, by lowering the standard of American workers, which has already gone down very significantly.

Strictly speaking, he is correct in identifying open borders as what would be more properly described as a globalist-capitalist corporate agenda (which, I will add, is always substantively indistinguishable from the International Communist agenda).  Of course, I think it’s a ploy to pander to the masses.  But it does demonstrate the folly of picking leftie names out of a hat for rhetoric about leftist policies.  In my opinion, Sanders is the left’s counterpart to Trump:  A candidate who purports to oppose the establishment, and makes rhetoric that appeals to the working class.  If the working class were to turn from Trump to Sanders, I do predict that they would be just as disappointed as they have been with Trump.  See how that works?

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.

Forking hell, the Chinese even pwn America by accident!  Why, it is almost as if the proud Ovine-Americans are begging for tyranny, and will eagerly embrace any excuse that their government has the opportunity to offer.

I hear the choppers in the distance

Paranoiac.  You are at high risk for contracting the contagion of slowly progressing schizophrenia.^*  STFU and turn back to the TV, if you don’t want to be in need of re-education.  For your own good.  You do not appreciate the American freedom that you enjoy; people who love you will want to help you with that.

* nullius loves Big Brother.

* Actual USSR “medical” diagnosis applied to particularly dangerous dissidents.

[Biodom]

I'm actually impressed as hell, that after today and such that we are at $8,100.00 USD BTC as I type this.

You must either be a future traveler or a traveller of the past, Searing.  

Alternatively, you might need to refresh your page or reboot your computer.

Just for the record:  In the past three hours, BTC prices have largely bounced between $5,200 and $5,400....

There have been no significant or meaningful BTC price movements or spikes outside of that price range... so far.  Can ONLY wish.. maybe in a week or two, best case scenario, and a year or so, worser-case scenario (I won't mention the actual worst-case scenario, we already have enough depressing news in actual reality and also coming through the keyboards of certain doom and gloom bear-leaning BTC price prognosticators).

Trying to re-live my 'big balls' 2013 newbie past, when I dumped 1/4 of my take-home income on a KNC Jupiter BTC miner. Man the BTC/Crypto kool-aid was strong back then...

I'm probably gonna 'wimp' out but I'm trying! Damn, I was an 'impressive' newbie...I miss the stupid and dumb luck stuff I used to just do and be correct...and take it as a given...

ah..the BTC/Crypto 'cult' was strong in my heart then.

What do you mean by 'wimp' out?

I....verily...sometimes I have 'doubts' about my BTC/Crypto 'faith' ...

We are all 'fiat' sinners!  The lure of fast cars/McDonald's Menus/Rent...stuff that should have in the way back when of 2013 SHOULD have gone into BTC/Crytpo.

ie wimp out

Maybe we will not benefit from crypto ownership as much as we hoped/dreamed, but I believe that our children or grandchildren will.

[BitcoinBunny]

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

Yeah! because Mexicans are affecting the economy in the Netherlands, or is this just a master race thing?

You do realise that the one party in the USA that constantly whines about race, equality and feminism has two white very old millionaire men as its presidential nominee candidates right?

[jojo69]

WO is the most informative thread on this forum! I am amazed at how quickly here announce all the world news.
I live in Ukraine, and in our news they write what I read on WO a few hours ago  

yeah

it's like hanging out at the telegraph office

[eddie13]

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.

Leftists have been hard at work undermining out individualism, libertarianism, rights, and freedoms for a couple hundred years.. Leftists are also responsible for expanding/fostering our low IQ population with welfare, free stuff harbors colonies of idiots, and low IQ immigration for votes, just for more votes to further tear down out founding principles..

Merica ain't perfect but it is still the best thing going..

Who would you rather be the current world power? Germany? Russia? China?
Complain all you want about what you've got, but it could be a lot worse..

Oh, and lots of Americans are fat because we are successful enough to be able to be..

With the whole china virus thing, we will have to wait until hindsight is 20/20 to look back at what we did right, what we did wrong, what we could have done better, etc..
Too much chaos to really know right now..

Can anybody make a market comparo of some of the worlds top economy indexes VS the DOW to see how everyone is doing in comparison?

WO is the most informative thread on this forum! I am amazed at how quickly here announce all the world news.
I live in Ukraine, and in our news they write what I read on WO a few hours ago  

yeah

it's like hanging out at the telegraph office

I suspect the WO is the next stop info drop right after 4chan for the most part..

[Biodom]

Can anybody make a market comparo of some of the worlds top economy indexes VS the DOW to see how everyone is doing in comparison?

we are doing worse than China (FXI), better than UK (FTSE100) and Japan (Nikkei225).
url is too long to post.

BTW, look at bonds: 10 year yield is up 33 29% today (Thirty Three TWENTY NINE Percent), 30 year-up above 17 13%. That's a dislocation.
Novo was saying that we have a deflationary episode, but treasuries and gold say the opposite (at least for now).
Can large bond players survive this kind of daily swings?

[lightfoot]

They're going to drop sacks of money from helicopters in the US.

I pledge to put my sack of money into the nearest fucking bitcoin machine.

[d_eddie]

Oh, and lots of Americans are fat because we are successful enough to be able to be..

Actually, obesity is a more of a problem for lower income, less educated people. It doesn't take that much success.

https://www.cdc.gov/mmwr/volumes/66/wr/mm6650a1.htm

[Lambie Slayer]

They're going to drop sacks of money from helicopters in the US.

I pledge to put my sack of money into the nearest fucking bitcoin machine.

I too will take the soon to be viral Lightfoot Challenge. 

[Lambie Slayer]

https://sharylattkisson.com/2020/03/new-the-first-59-u-s-coronavirus-deaths-by-state-and-age/

This thing is almost exclusively taking out very sick very old people. Most of these people would have probably died this year or next anyway.

Ill bet when this is over the global death rate will not be any higher than normal.

People talk about health systems being overloaded but this thing is just freeing up beds by taking out people who would be using hospital beds a lot in the coming year.

Covbull-19 is not to be feared. Asia has basically beaten it in a matter of weeks with about 5k total death.

Bitcoin getting stronger every day, it never panics.

[Febo]

https://sharylattkisson.com/2020/03/new-the-first-59-u-s-coronavirus-deaths-by-state-and-age/

This thing is almost exclusively taking out very sick very old people. Most of these people would have probably died this year or next anyway.

It does if it is controlled. I dont know real data but from statistic of 12 corona patient on intensive care, USA should have around 100 corona virus patients hospitalised. That is nothing. Italy have 14954 patients in hospital, 2060 of them are on intensive care. Their hospitals are overwhelmed. So not only very old and already sick are dying there but also others. Not to mention someone having a car accident. He simply cant have same care as they would get few months ago.

[bkbirge]

https://sharylattkisson.com/2020/03/new-the-first-59-u-s-coronavirus-deaths-by-state-and-age/

This thing is almost exclusively taking out very sick very old people. Most of these people would have probably died this year or next anyway.

Ill bet when this is over the global death rate will not be any higher than normal.

People talk about health systems being overloaded but this thing is just freeing up beds by taking out people who would be using hospital beds a lot in the coming year.

Covbull-19 is not to be feared. Asia has basically beaten it in a matter of weeks with about 5k total death.

Bitcoin getting stronger every day, it never panics.

What's happening here locally is the emergency rooms are filled up with people who have questionable coughs, while people who are actually in dire need are being sent home because there are no beds. I disagree with an easy dismissal of this event. It's a mess.

[jojo69]

[gentlemand]

What's happening here locally is the emergency rooms are filled up with people who have questionable coughs, while people who are actually in dire need are being sent home because there are no beds. I disagree with an easy dismissal of this event. It's a mess.

Don't mess with his narrative, dude.

[Ibian]

The danish queen was on tv just now, giving a speech. This almost never happens except on new years eve. Public gatherings above 10 people banned.

[Lambie Slayer]

@Lambie

Thanks man, I’m balls deep any way, I’m pretty much all in now. If you’re not buying now & you have spare fiat then I guess it proves you don’t fully believe.

Seems to me that I sufficiently believe in BTC as much as most of the most ardent of BTC supporters, but surely that belief should not result in my employing more gambling and/or risk than I would prefer to employ, if I can avoid it... Therefore, I do not want to put myself into any more stress than i need to.

Yeah, I did not want BTC to go below $5k and I believed that it had pretty damned decent chances of NOT going below $5k.. but it did, anyhow.  Fuck that, but that is this kind of market.. cannot really know anything with any kind of meaningful level of confidence.

So, yeah, I have Buy orders down to $3k currently.. and really I do not want to inject any more fiat into this, but I have some fiat that is already theoretically allocated to BTC... and yeah, I will likely transfer half or so of that fiat to one of my exchanges if the BTC price breaks below $3,850 again... NO, NO, NO... I don't want the god-damned BTC price to be dipping below $3,850 because I do not want to transfer that money.. but fuck, I already have that tentative plan.. which is a hopefully it does not happen, one....  

Anyhow, that transferred in money would be to set up buy orders for below $3k.... Yeah. .I do not want it to happen, but BTC does not give any fucks about what I want.

Point is that "all in" is NOT the only strategy, and ONLY ends up being "the best" strategy, if you happen to end up being correct in a kind of gambling outcome.. which currently seems to be around 50/50 at this time... Nonetheless, I do happen to understand that it is NOT going to make a whole hell of a lot of a financial difference if you (or I) buy at $4,700 or $3,500, but it seems to me (projecting into the reasonable what-ifs) I am going to feel way the fuck better psychologically if I have money to buy in the lower $3ks, if the BTC price goes to that outrageous range rather than running out of money.

I have run out of money on several occasions in the past (at least resorted to more rationing than I would want based on NOT wanting to run out of money to buy BTC), and even in recent times, I have been kicking myself a little bit for having to ration my dollars as much as I have had to ration them in order to have more ability to meaningfully buy BTC than merely symbolic buys in the sub-$5k prices (that I had hoped to fuck would not have come, but those sub $5k prices did come, as we concretely and experientially know). I cant help butt into Slayer's conversations w my boring strategy droning. I will try an work on this bad habit.

Thanks buddy.

[OutOfMemory]

Oh, and lots of Americans are fat because we are successful enough to be able to be..

Actually, obesity is a more of a problem for lower income, less educated people. It doesn't take that much success.

https://www.cdc.gov/mmwr/volumes/66/wr/mm6650a1.htm

car.bo.hy.drates

Low income, cheap food.

When you live of mainly fat and protein you actually get skinny af. Not as skinny as vegans, but almost only muscle tissue instead of body fat.
EDIT: Your farts and shit will really stink, tho  Better add in some vegetables as well.

[eddie13]

Anyone else getting random unexpected CLIs on their CCs?
They trying to con me into spending more money or something?

My 2 biggest limit cards each got about 50% limit increases, just now, since last I checked them... For basically no reason..
2 different banks even..

It's like they are trying to get more money out there, and want me to do it for them..
When this covid shit first started I expected more of a credit crunch, limit decreases, but maybe with this fed rate dropping and money pumping, they will actually try to hand out more credit?

GF got a pretty big CLI too just the other day, from yet another bank..
3 banks.. Must be a coincidence?