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

[Ibian]

Everyone should take a look at this twitter thread on the Imperial College team report on COVID-19 and read the pdf of the report. It may be on the news tonight. Trump may call it fake news but the governors of US states and the CDC sure won't.

https://twitter.com/jeremycyoung/status/1239975682643357696

That doesn't sound nearly as bad as I thought.

[VB1001]

WTF Is Going On in the Bitcoin Market?

Cryptocurrency exchanges experienced their largest ever bitcoin inflows.

9x the daily average amount of bitcoin was sent to exchanges to be sold from March 12 to March 13.

Price pressures have now eased.

Professional traders and investors were responsible for the majority of the activity.

The majority of available bitcoin was not cashed out, suggesting that most bitcoiners are happy to hold.

https://blog.chainalysis.com/reports/bitcoin-market-march-2020

[El duderino_]

via Imgflip Meme Generator

A friend send me this graph....

[OutOfMemory]

...
 ...  
 ...

Dude, you were right, you're somewhat biased towards me.
The link to my profile page...
I was trying to suck out a dried fruit, obviously.

If the shoe fits, wear it.

You are the one who somehow managed to imply that the coronavirus outbreak was the fault of Austrians and/or Germans, by a nonsensical direct analogy to completely irrelevant historical events.  I object to that.  Don’t you wax self-righteous toward me, now—especially not when my initial response showed insight into German and Austrian post-WWII cultural issues, instead of simply invoking Godwin’s Law and calling you a troll.

I have been trying to get you guys together, and it has not been successful, so far:

Sorry, we're already through the divorce, but the (ex-)wife keeps accusing that it was all my fault.
Girls... 

[dragonvslinux]

Day 2 of the Total Liquor Ban:
Think I'll take up smoking. Hah, j/k I already smoke but now I intend to smoke more. The "good" brand of cigarettes are ~$1.50 a pack. All the other ones taste like dirt. Somewhat ironically, the ones imported from China are the best. Hope the Mexican restaurant is still open as a good hot sauce can somewhat replace the buzz caught from alcohol, even if it is much more ravaging on the rectum.

Liquor ban, that's harsh! Think I'd also take up smoking if I didn't already in your situation, or try smack of something (not a suggestion). Ketamine must be getting popular in your neck of woods by now for sure! Grimey shit. Starting to realise I don't have f all bacci   Usually I'm stocked with 1-2 kg rolling for heading back to the uk, but ain't got plans to go nowhere soon from cheap bacci land. Also feel like it'll be a waste of money right now, it'll be the first product to get looted hard if the night shops close imo. I'd feel like such a clown putting a big chunk of fiat down on that if there's a free for all in the near future. Either that, or take the opportunity to give up again. Addictions are no good in apocalypses, they will slow you down, make you weak and vulnerable to prey.

Starting to design my own "mad max" style front bumper for my mate's muscle car, as a safety net. He's got the wheels for a decent looting vehicle, need a proper metal reinforced bumper, ideally with some good spikes, for it if the time comes. Something that we can get in and out of places no problems, through most hardened materials, no parking outside nonsense. I don't think I'm really considering the "mid-term" situation here of shit being bad and getting better or worse anymore, I'm just planning for the worst case scenario right - shit totally going down over this. Imagine if you knew there was a chance civilization would starting crumbling in the near future, but you didn't prepare yourself for it? Your human animal instincts would be replaced by domesticated obedience, it's no good.

Also need to get a rifle, don't want to wait a few months to try and get hold of one, that'll be too late. Already put myself down as night shift guard for the gardens here that means we can live sustainability. I'm totally in the right place despite atm the borders closing in around me. Need some good weaponry to defend that shit though, hungry people are crazy. Fortunately, I've long considered that this civilization will inevitably collapse, just like every version prior to it, so have been mentally prepared for over a decade now. Just didn't consider it could be over this stupid virus, or happen in my lifetime to be honest.

[Ibian]

"The last capitalist we hang shall be the one who sold us the rope."

Just to let you guys know, I have just now decided to start a rope selling company..
So HMU if you need some rope..

I'm failing to comprehend how one can believe in Liberty, but at the same time, be anti-Democracy, but I'll ponder on that for a while longer..
I understand the benefits of both, but fail to understand how they could coexist.. Unless we are talking about anarchy - anarchy for the masses, not just the few..

Democrazy is just mob rule. And we don't even have that.

[eddie13]

"The last capitalist we hang shall be the one who sold us the rope."

Just to let you guys know, I have just now decided to start a rope selling company..
So HMU if you need some rope..

I'm failing to comprehend how one can believe in Liberty, but at the same time, be anti-Democracy, but I'll ponder on that for a while longer..
I understand the benefits of both, but fail to understand how they could coexist.. Unless we are talking about anarchy - anarchy for the masses, not just the few..

Democrazy is just mob rule. And we don't even have that.

Liberty is a big enough struggle under democracy, but you ever expect a dictatorship to give that to you??? Nah..

[eddie13]

[figmentofmyass]

we're playing poker again this sunday @ SwC Poker! if you're stuck at home because of the coronavirus, come play some cards with us!

date: sunday 3/22/2020
time: 4pm GMT/UTC
buy-in: 0.001 BTC (1000 chips)
game: NLHE
name in tournament lobby: "Bitcointalk Private Tournament"
late registration: 1.5 hours
blind levels: 12 minutes

there is one second chance rebuy allowed if you get knocked out.

the tournament requires a password. if you would like to receive it, please PM me or post in this thread.

yahoo62278 and i are running a 0.001 BTC last longer side bet. if you wanna join us in the action, post in the thread and transfer 1000 chips to FOMA777 on SwC Poker.

[Ibian]

via Imgflip Meme Generator

A friend send me this graph....

Yeah except that doesn't actually work. Without reliable numbers and people being what they are, the only realistic method is to go in lockdown until it all blows over. And that may not be enough.

[JayJuanGee]

...
 ...  
 ...

Dude, you were right, you're somewhat biased towards me.
The link to my profile page...
I was trying to suck out a dried fruit, obviously.

If the shoe fits, wear it.

You are the one who somehow managed to imply that the coronavirus outbreak was the fault of Austrians and/or Germans, by a nonsensical direct analogy to completely irrelevant historical events.  I object to that.  Don’t you wax self-righteous toward me, now—especially not when my initial response showed insight into German and Austrian post-WWII cultural issues, instead of simply invoking Godwin’s Law and calling you a troll.

I have been trying to get you guys together, and it has not been successful, so far:

Sorry, we're already through the divorce, but the (ex-)wife keeps accusing that it was all my fault.
Girls... 

Think of the kids.... and the lil doggie.   

[Globb0]

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%

USA:

Total recoveries: 106
Total deaths: 135

Percentages:

Recovery: 44%
Death: 56%

 

These are stats of the people who were actually diagnosed though which obviously involves going to hospital & getting tested. The people who are suffering & need to rush to hospital are the weak/already ill/elderly.

There will be thousands & thousands who have mild symptoms who don’t seek any testing or treatment & recover totally 100%. These people will not be included in those stats.

The stats above make it look much worse than the reality is.

Its bs first they ran round testing everything, now no testing unless you get too ill to handle it alone.

So basically its farcical numbers wise

[Cryptotourist]

I'm failing to comprehend how one can believe in Liberty, but at the same time, be anti-Democracy, but I'll ponder on that for a while longer..
I understand the benefits of both, but fail to understand how they could coexist.. Unless we are talking about anarchy - anarchy for the masses, not just the few..

Athenians & Spartans coexisted.
Maybe you should pick it up from there.

[Wekkel]

https://i.imgur.com/VyzY5Cq.png

Whats new?

Are you going to post the dirty laundry list of the West as well?

[LFC_Bitcoin]

Observing $5,540 $5,651.

No sign of lower lows at the moment. I’m hoping we hit the true panic bottom last week at $3,800 or whatever it was. Feeling quite smug about picking up a handful of full bitcoin’s in the mid $4,000’s.

Thanks for the cheap coins weak hands.

There’s a new buzzword on twitter, certainly I haven’t seen it referenced to bitcoin before -

decoupling
verb
gerund or present participle: decoupling
1.
separate, disengage, or dissociate (something) from something else.


We’re decoupling from stocks/shares etc in the sense that we seem to be holding in this price range whilst they’re all still tumbling due to the pandemic. Previously we were following their panic. Fingers crossed the worst is over for bitcoin & we start to see the price rise significantly in the near future

[VB1001]

https://www.tradingview.com/symbols/XAUUSD/


https://www.tradingview.com/symbols/BTCUSD/

The graphics are in view for 3 months to see better the price path.

[Kramerc]

Imagine having sold your coins over social distancing in the need for liquidity and now the government is giving everybody helicopter money.

[goldkingcoiner]

[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!

No way this is even close to the real value of btc!

The price is stable because we have market makers involved in the system. They make their money by keeping the price stable. We had a massive dump the other day and then the market makers stepped in and are keeping the price stable at it's current level. If we have a massive pump, the market makers will stabilize the price at whatever it ends up at.

The price only moves up or down when the action is too much for the market makers to control.

That's a really strange explanation.
If market makers were buying (from sellers) on the way down, THEN they have to entice a pump (during which they can sell the inventory and stay neutral), otherwise they would be loaded with btc that they (market makers) don't need on a permanent basis.

They don't buy on the way down or the way up when there is a big move. They get out when there is too much price movement. They are mostly present when the action dies down. Look up market making bot.

I'm sure the pros at the big firms have more complex strategies than you can get with a crypto bot but it's the same concept.

I'm struggling to understand where I did say that the market makers are the speculators?  

market makers are healthy for price finding in markets because they provide liquidity.

participants which drives the market in one or the other direction are in my eyes speculators not market makers.  

EDIT: ok, maybe the word "noise" was misleading in that context because the meaning of noise in markets is often associated with the acting of market makers.

[El duderino_]

The dude = understanding finally

Corona virus = working at home


Working at home = being home alone

Internet = pornhub

Pornhub = TP