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

[efialtis]

via Imgflip Meme Generator

The dude = back in business

Lol, hahahaha - I was just watching how football players (yes football, not soccer ) spend their time while in quarantine... and wanted to share in another thread but now it fits perfectly,... TOILET PAPER CHALLENGE! 

https://www.youtube.com/watch?v=uWp2e5HilYI&feature=emb_logo

[Torque]

Social Distancing def.- when your company wants you as far away from the office as possible, so that when HR sends you your pink slip, you can't go postal on them or inject a virus into the IT network.

[infofront]

The money printing doesn't matter. It's the confidence in the currency and the country that backs it that matters.

Yep, exactly.

Also, lack of confidence in the alternatives.

Which is why having a Moron in Chief at the helm is a very bad thing. If money is backed by confidence and confidence is zero then money is zero.

Gee, who would have thought that electing a moron would not be a bad idea?
(Me in 2008)

That doesn't explain the fact that the US Dollar is absolutely crushing everything right now - stocks, precious metals, bitcoin, bonds, and every other currency.

[fillippone]

Still, 10year and 30 year notes/treasuries are going in the WRONG direction.
I talked about it before, and here is planB on twitter with graphs:

https://twitter.com/100trillionUSD

This inhibits potential re-fi activities.

This is the symprom of the malfuctioning plumbing of financial system.
Whatever the FED can possibly do, there are currently too many reasons to be long cash, and then liquidating assets.
Cash is king, every quasi-cash instument (like short end US bonds, is noted as very different.
Everybody need cash to stick up against outbreak in lockdown cities, and pension  funds longs asset need cash to post that as collateral against assets losses.


Edit:
Banks are running out of cash, literally:
https://www.dailymail.co.uk/news/article-8113389/NYC-bank-temporarily-runs-100-bills-customers-withdraw-cash-amid-Wall-Street-crash.html

[JayJuanGee]

I don't know how d_eddie is playing during these times, but he seemed to have had a very prudent system in which he was constantly taking winnings off of the table

I'm laying low. I got my long liquidated on the latest violent downturn, and my take profit limit on the short was a little too prudent to make up for it. However, I'd kept putting sats away in the meantime, so all in all I'm still up. I bought more physical than usual in the 7ks. I could have saved a bit more for now, but if we knew the future we'd all be rich like fuck wouldn't we? I still have some dry powder left, and will keep stacking physical sats little by little.

I'm still convinced we will prevail. It's just that no one has a friggin' idea of the timeline, whatever they say.

I appreciate your honesty (or at least it appears to be genuine, in that we can never know for sure on the interwebs).

Your system did seem to work pretty damned well during the 2018 correction, and maybe even a bit into the 2019 bounce back, but of course, the overall BTC price dynamics seemed to have had gotten confusing, even though it might appear to be clear to be able to describe what happened, after the fact.

One thing that I had liked about your system was that you were seeming to build on what I was doing, but just to amplify it by being able to profit from both longs and shorts, and surely my system can hardly profit at all from shorts unless I deviate from such system for a short period of time because I identify some kind of short term opportunity and inject a bit more in one direction or another based on such short term insight (which rarely comes to me, in actual practice... might be because I am dumb or want to remain dumb with the employment of my system).

Another problem with your system did seem to be the amount of time that such employment of the system required to attempt to maintain, and surely your system may have served its purpose to allow you more knowledge of how to attempt to employ the various tools that are available, and maybe a benefit, also, could be if you did not lose very much (or you gained some) while learning about how to use those tools. Sometimes it is very difficult to learn anything, unless there is some personal stake in the game, so frequently, I will advocate that people put at least some of their own money into what they are attempting to do, so even if they do not make a killing, they are able to more concretely learn through active participation and engagement rather than some of those tools that might be available to practice without anything personally at stake.

Some peeps here might recall that when I began to employ the selling component of my system in late 2015, I really had small stakes and even small spreads.  Sometimes the price would move by $5 or $10 and my trades would execute.. Of course, I started this process when BTC prices were in the mid $200s, and some of the amounts that I made on each trade would be like $.20 .. .hahahahaha..

And, I had several people tell me that I was wasting my time because I might spend a few months at it, and maybe I made $100 or something like that, after adding up like 500 transactions.. but anyhow, I would argue that the goal was not specifically to make money on each trade, and of course, as the BTC price went up, I was able to authorize myself to trade larger amounts.  At first, I was authorizing my trades on only about 1/5th of my BTC stash because only that portion of my BTC stash was in profits.  The whole of my stash had an average BTC price of about $500, so I did not authorize myself to trade based on my whole stash until price went over $500.. and then I was not trading my whole stash but only a portion of the stash based on the value of the whole BTC stash. 

So the theory was that if theoretically I had 10 BTC, and the BTC price went up $100, then that would generate  $1,000 in profits, so I was free to trade from the profits that were generated, and I might trade anywhere between 20% to 40% of the profits, but still I would still end up receiving 60% or 80% of the profits stacked away or added to my value, even though I was putting a portion of my then additional profits at risk. 

So theoretical limits that I would place on myself had to do with my NOT being able to put anymore BTC at risk than 100% of the profits (never could put principle at risk), yet I did not really want to gamble, even with very much of my profits, so I rarely would even trade with more than 50% of my profits at any given time.

I still keep some of my initial framework in mind in terms of how much I am willing to sell, but in some recent times, I have projected out that I have become even more and more stingy in my desire to sell any BTC, and there seems to be some subliminal barrier or something in regards to my feelings that I am selling too much.. but in the end, if the BTC price goes crashing down, like it did in the last week, then I don't have as much money available to buy BTC back, either.

[Paashaas]

Last month stock markets breaking records after records, the sky was the limit, endless bullish algo's.

4 weeks later: Lower rates, helicopter money, a multi-trillion $ rescue package.

Today the Dow Jones dropped under 20.000, S&P500 tanking 9% triggerd another circuit breaker.

Covid19 makes 2008 crisis like child's play. This is history. I fully understand why corn can reach those (ridiculous) $200k-300k predictions.

[JayJuanGee]

One other tweet that made a lot of sense:

He forgot about Lambos...  

Come to think about it, we are going to need more than a piddly $1k.

Those cheapskate fucks!!!!!    Don't care about the needs of the people.  

[nullius]

They should start with the inmates on death row.  At least, releasing them should lessen the probability that convicts under penalty of death will take up precious ER beds for lifesaving measures.

Next, they need to let out all the poor, innocent people red-tagged by Lauda, the bad-cop kitty.

Of course, people convicted of serious crimes and domestic terrorism (such as underreporting taxable income, or making de minimis mistakes on gun purchase forms) must remain behind bars, for the public safety.

I will avoid mentioning why or how American prisons are notoriously efficient places to contract HIV.

[Biodom]

Last month stock markets breaking records after records, the sky was the limit, endless bullish algo's.

4 weeks later: Lower rates, helicopter money, a multi-trillion $ rescue package.

Today the Dow Jones dropped under 20.000, S&P500 tanking 9% triggerd another circuit breaker.

Covid19 makes 2008 crisis like child's play. This is history. I fully understand why corn can reach those (ridiculous) $200k-300k predictions.

Eventually, maybe. I don't see it doing this in a deflationary environment.
BTW, now would be a good time to shine with a robust LN. Are we there yet?

Fiat Market (SP500/Dow) also cannot do a final washout, it seems.
Every time they try, dip buyers are stepping in.
We already had 7 (working on 8th) straight days of more than 5% intraday volatility-a record.
One day up, next day down-almost ad infinitum.

[Globb0]

Vodka is the Russian way to kill virus'

How many cases do they have?

See, im focussing on drinking lots of vodka


*edit* there are downsides partner is very annoyed by my stumbling around

[mindrust]

WE ARE NOT READY FOR THE NEXT EPIDEMIC -Bill Gates*

Bill Gates on the next great epidemic

The next outbreak? We’re not ready | Bill Gates (*1:18)

What Bill Gates is afraid of

Bill Gates on Overpopulation and Global Poverty!!!!!!

Bill Gates has a warning about deadly epidemics CAN CAUSE HE SAYS 10 MILLION+ DEATHS!! - JUST LISTEN TO THE FIRST 10 SECONDS!

He is back on the crime scene.

I’m Bill Gates, co-chair of the Bill & Melinda Gates Foundation. AMA about COVID-19.

Don't read the comments, people want to elect him new prez. Dafuq.

[Biodom]

Anybody has an explanation of btc flatlining?
It's weird, but i take it in lieu of declining.

BTW, I don't know about Bill Gates in particular, but I do think that me need a mixed government: technocrats and lawyers, not just lawyers (as the current setup).
Fauci showed everyone what a clear scientific thinking is and it was impressive to say the least.

[OutOfMemory]

[— many interesting corrections by  Lambie Slayer; read the whole thing —]

The mind of a bear is quite interesting.  

You are arguing with someone who drew an analogy likening the coronavirus to Hitler, as a setup for somehow pinning this on Germans and Austrians.  Do not expect logic.

* OutOfMemory rates logic a STRONG SELL

[/quote]
[/quote]

I see, you still didn't get behind the connection of the comparison. As i said before, it's complicated.
What i don't see is the logic in your argumentation HERE. It's real apples and bananas this time.
Pinning... whut?   

HODL!

What else?!   
You believe i'm a bear because ONE btctalk member said so?
C'mon 

Maybe you're just as wrong on that as with the rest you're trying to project onto me?

[nullius]

One other tweet that made a lot of sense:

He forgot about Lambos...  

Come to think about it, we are going to need more than a piddly $1k.

Those cheapskate fucks!!!!!    Don't care about the needs of the people.  

The tweeter is a cheap fuck, literally.  Only $150?  You get what you pay for; and weak hands jerk off.

That reminds me of the most important question for T&A-TA:  What will be the effect of “social distancing” on the livelihoods of filles de joie?  Phallically suggestive candlestick charts would be helpful for analysing how much this no-human-contact clusterfuck will suck for those whose market is market penetration of themselves.

On the one hand, with their market depth all banged up, I think they need big stimulus.  Hard times.  It all comes to liquidity.

On the other, maybe not.  Wise men know that the oldest profession will also be the last existing profession.  Thus, this is one market where you can never lose your shirt.

Either that, or an expression of the fact that you think with the little head.

* nullius writes his seminal works with one hand—and with the other...

[Phil_S]

Finally, some good news:

Coronavirus cases have dropped sharply in South Korea

Amid these dire trends, South Korea has emerged as a sign of hope and a model to emulate. The country of 50 million appears to have greatly slowed its epidemic; it reported only 74 new cases today, down from 909 at its peak on 29 February. And it has done so without locking down entire cities or taking some of the other authoritarian measures that helped China bring its epidemic under control. “South Korea is a democratic republic, we feel a lockdown is not a reasonable choice,” says Kim Woo-Joo, an infectious disease specialist at Korea University.

Behind its success so far has been the most expansive and well-organized testing program in the world, combined with extensive efforts to isolate infected people and trace and quarantine their contacts. South Korea has tested more than 270,000 people, which amounts to more than 5200 tests per million inhabitants—more than any other country except tiny Bahrain.

South Korea’s experience shows that “diagnostic capacity at scale is key to epidemic control,” says Raina MacIntyre, an emerging infectious disease scholar at the University of New South Wales, Sydney. “Contact tracing is also very influential in epidemic control, as is case isolation,” she says.

[Gyrsur]

Anybody has an explanation of btc flatlining?
It's weird, but i take it in lieu of declining.

just a guess but it came in my mind today:

cash is king in these times and therefore a lot of speculation on the price of BTC is missing. what we see at the moment is maybe nearly the real value of BTC without the whole amount of speculation which is responsible for all the noise in other times. look how stable BTC can be without speculation. impressive!

[Raja_MBZ]

JUST IN: The Dow has erased gains made since President Trump's inauguration

https://twitter.com/spectatorindex/status/1240368968340090880

[nullius]

BTW, I don't know about Bill Gates in particular, but I do think that me need a mixed government: technocrats and lawyers, not just lawyers (as the current setup).

WTF are you talking about?  The whole current system is technocratic in the extreme—and that’s a bad thing.

Man and Technics

“Optimism is cowardice.” — Spengler (writing most of a hundred years ago)

I see, you still didn't get behind the connection of the comparison. As i said before, it's complicated.

No, I get it all too well.  That is why I called you out on it.

You believe i'm a bear because ONE btctalk member said so?
C'mon  

I admit that I read what Lambie said with a strong bias against you, due to your having just engaged in almost comically stereotypical national-guilt nonsense, and then defended it with nothing more than (0) calling me a troll, and (1) saying that I didn’t get it.  (And you are still defending that analogy...)  If you’re not a bear, then I (very narrowly) apologize for having misjudged you on that particular point.  My mistake.  I will watch your posts more carefully before saying such things.

Maybe you're just as wrong on that as with the rest you're trying to project onto me?

As the only person on this forum on the Internet who has been accused of being both Hitler (literally, Adolf Hitler himself) and a Mossad agent (yup, that’s (((me)))), I think I can safely say that it is you who is projecting with anything about not getting it.

Finally, some good news:

Coronavirus cases have dropped sharply in South Korea

Obviously, the virus is a bioweapon created by the South Koreans!  Who would have thunk it?

* nullius panics over this news of the South Korean attempt to TAKE OVER THE WORLD

[strawbs]

Anybody has an explanation of btc flatlining?
It's weird, but i take it in lieu of declining.

just a guess but it came in my mind today:

cash is king in these times and therefore a lot of speculation on the price of BTC is missing. what we see at the moment is maybe nearly the real value of BTC without the whole amount of speculation which is responsible for all the noise in other times. look how stable BTC can be without speculation. impressive!

It's probably a little premature to draw that conclusion. It's been 'stable' for only a few days. We'll see retrospectively in a few months from now.

[Hyperjacked]

It's almost buy time... lots of unknowns but I'm sure we will look back and say this was an epic buying opportunity.