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

[Biodom]

BREAKING:

A peer-reviewed study shows that 100% of patients, after 6 days of taking a Malaria drug were "virologically" cured

This is, reportedly, the 2nd 100% cure to a virus that has ever existed"

This is the paper. Virus gone in 6 days. Holy Bull Run.  

https://drive.google.com/file/d/186Bel9RqfsmEx55FDum4xY_IlWSHnGbj/view


https://www.forbes.com/sites/lisettevoytko/2020/03/19/trump-says-fda-approved-anti-malaria-drug-chloroquine-to-test-as-coronavirus-treatment/#2412ffcc303d

Trump strong armed past the FDA's push back on approval and got FDA to fully approve this for treatment.

Its over boyz. Was a fun ride. Dont expect doom callers to apologize for scaring you out of your precious. Mindrust, I hope you buy back in. Its never a bad time to invest.

Very interesting. It's not just chloroquine, it is chloroquine PLUS azithromycin.
Both are already approved medications. Azithromycin is approved for bronchitis (and all Streptococcus infections), chloroquine-for arthritis and malaria.
HOWEVER, for what they are approved does not really matter. Doctors can prescribed approved medications for NEW cases at will as long as there is evidence to support it.
This is not targeted medicine, but it also does not matter as long as it works, slows down the virus to give you two-three critical weeks to develop your own antibodies.
EDIT: in addition, azithromycin is apparently effective by itself against some viruses, such as Zika and Ebola, so it is not surprising that effect is SYNERGISTIC.

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[JayJuanGee]

So you sold 10BTC at roughly $4400, you have at least $40,000. Buy 5BTC back & throw the rest into stocks & in a couple of years all will be good for you.

What if it goes down to $1k like Peter Brandt says.   I can't take that.

I decided that carrying that much wealth in btc is not good my mental health. It is far too volatile.

I have no idea where to park my money though.

USD is doing a super nova. EUR is going down as it should. Gold is not practical. BTC has a Tether issue. (and far too volatile)

No idea.

you are way the fuck too relying on the down movement scenario, for some strange reason.. even after so much time in this thread...

So, even if you give some credence to the possibilities like diptwats Brandt and Masterluc, you just attempt to prepare for that by having enough dollars in your stash that you do not run out of dollars, in the event that they were to get lucky with their outrageous downward nonsense and it actually ends up coming true...

Of course, even if you had hung onto your 10BTC, you could have just held through the vast majority of this, and maybe ended up selling some on each pump... and maybe by this point, you could have sold 1-2 BTC because you were preparing for down, but you would still have 8BTC... or some other quasi-reasonable and information based approach... rather than complete throwing darts at the wall and then doubling down from the earlier mistake(s).

I am NOT really writing this post just for you, mindrust.  There are other members who need to attempt to consider the value of moderation and not to make mistakes in terms of the mindrust meltdown.

[nullius]

So you sold 10BTC at roughly $4400, you have at least $40,000. Buy 5BTC back & throw the rest into stocks & in a couple of years all will be good for you.

What if it goes down to $1k like Peter Brandt says.   I can't take that.

Simple: Put in an amount consistent with “what you can afford to lose”.  Then “if” it goes down to $1k (which I think is very unlikely), or even if “the motherfucker” goes to zero (!), put on your strong face and endure the pain—safe in the knowledge that you didn’t just lose your shirt.

If that amount is not greater than or equal to 0.00000001 BTC, then why are you even involved in Bitcoin!?

For me, that amount is equal to “all the long-term monetary savings that I have”.  But that is because I am—well, I am me.  I have endured physical hardship for my principles.  Losing my life savings would be very painful; but as I have said repeatedly, if hypothetically Bitcoin were to totally fail, then I would be much more worried about losing what may be our last historical chance for freedom-money.

I decided that carrying that much wealth in btc is not good my mental health. It is far too volatile.

Paging Jay, I think that mindrust needs some n00b-level generalized investing tips about risk management and not being “muh mental health!” tier weak hands.

I am not even a financial investor, and I know that much.  [Edit:  Jay posted while I was writing this post.  Just hammered through.  Go read what he said. ++Jay]

mindrust, what if Tesla goes to zero?  Or the goddamn dollar goes to zero?  Where is your risk management there?

I have no idea where to park my money though.

USD is doing a super nova. EUR is going down as it should. Gold is not practical. BTC has a Tether issue. (and far too volatile)

No idea.

I know that Jay is going hard on you lately, but daaaamn, you need it.

Actually, not only generalized investment advice:  Generalized life wisdom.

Life is risk, and death is a part of life.

An inexorable, inviolable law of the universe in which we live:

Only the dead are safe.

[Phil_S]

So you sold 10BTC at roughly $4400, you have at least $40,000. Buy 5BTC back & throw the rest into stocks & in a couple of years all will be good for you.

[mindrust]

I can afford to lose $50/weekly on btc. No more, no less. I don't care what will happen to it in 10 years. I can afford to hodl that amount forever. I know It is not going to make me a millionaire too. Again, I don't care.

That is very similar my original DCA plan from 2017 too (the difference is I had no max. buy limit in my original DCA plan and I allowed myself to buy the dips) -2 mistakes.

I guess dip buying made me greedy and greed is not good.

Greed made me lose control.

You want all and spend all then you lose all. That's what happened basically.

Lesson learned, I am starting over.

Let's close that shitty topic now.

[lightfoot]

LOL, Doomcallers.  

Where are you now?

Oh God.....

A peer-reviewed study shows that 100% of patients, after 6 days of taking a Malaria drug were "virologically" cured

"Peer reviewed by who?"

https://www.forbes.com/sites/lisettevoytko/2020/03/19/trump-says-fda-approved-anti-malaria-drug-chloroquine-to-test-as-coronavirus-treatment/#2412ffcc303d

“What’s also important is not to provide false hope,” said Hahn, who spoke after Trump, adding, “We may have the right drug, but it might not be in the appropriate dosage form right now, and it might do more harm than good.”

Trump strong armed past the FDA's push back on approval and got FDA to fully approve this for treatment.

Oh boy, Swole Trump to the rescue.....

Its over boyz. Was a fun ride. Dont expect doom callers to apologize for scaring you out of your precious. Mindrust, I hope you buy back in. Its never a bad time to invest.

Are you drinking Cow Urine by chance? I've heard it can completely cure this virus....

(Hey, it might work. However that's why you have studies and trials. And hate to say it but if it winds up killing more people than it saves that's not progress)

[JayJuanGee]

Paging Jay, I think that mindrust needs some n00b-level generalized investing tips about risk management and not being “muh mental health!” tier weak hands.

I am not even a financial investor, and I know that much.

We had beat some of those ideas to death, it seems to me.

I mean we talked about both psychological and financial preparations, but those kinds of preparations require a decent amount of doing your own homework about your own specifics.. which is a decently difficult task, and a lot of people are not very good at it.. I have been practicing for years, and it is still very fucking difficult for me.

The preparations relate to getting a grasp of each of these personalized concepts:  Cashflow, other investments, view of bitcoin as compared with other investments, risk tolerance, timeline, and time available for research, managing funds and tweaking strategies from time to time.

I know that Jay is going hard on you lately, but daaaamn, you need it.

I should probably let off a bit, but since these ideas are posted in a public thread, they become public ideas, and they are concrete ideas and experiences that are shared by a lot of bitcoin HODLers.  Probably most of us did not get to HODLing our BTC stash without some decent number of mistakes (even preventable ones) along the way, confusion about the btc and macro (and fuck shit coins) market and even confusion about our own situation and how it might have changed or need to be adjusted based on how the BTC price (or overall macro market) has moved.

[serveria.com]

I wish the best for you, mindrust. You’re a good guy, I think you’re making a mistake not buying back in though. If it drops below $5,000 again please buy back, even fucking 1BTC & hold it until retirement.

Don’t let all the years on here shitposting with us go to waste

My shitposting didn't go to a waste.

I had my fun. (and donated you all whales a handsome $2k from my own pocket) I believe I will keep doing so. (no more donating, only fun) Its just... I thought the motherfucker was going to zero. Fuck.

*I already made a chain of mistakes, I'll do another It won't hurt xd

I heard stocks are cheap right now. Time to buy TESLA?

Oh noes, I smell a disaster...    just bite the bullet man and buy back in.. you won't regret it...

[OutOfMemory]

5800 is much better than 3k. So I'm happier.

we could deadcat bounce up to 7k then "halfining" back to $3500? :\ hmmm

Now, that's what Bitcoin Halving actually means...

Dude  
It's "halfinning"! (from Hal Finney, of course...)

Good evening at $6.228
I missed it all again, but i feel quite good watching the charts  

I wish the best for you, mindrust. You’re a good guy, I think you’re making a mistake not buying back in though. If it drops below $5,000 again please buy back, even fucking 1BTC & hold it until retirement.

Don’t let all the years on here shitposting with us go to waste

My shitposting didn't go to a waste.

I had my fun. (and donated you all whales a handsome $2k from my own pocket) I believe I will keep doing so. (no more donating, only fun) Its just... I thought the motherfucker was going to zero. Fuck.

*I already made a chain of mistakes, I'll do another It won't hurt xd

I heard stocks are cheap right now. Time to buy TESLA?

Oh noes, I smell a disaster...    just bite the bullet man and buy back in.. you won't regret it...

WHAAAAT?! mindrust didn't buy in again?! 
Didn't he say he will buy back a part of his former btc holdings?

[Cryptotourist]

Wow, this reminds me of... Dranzer.

WO like:



Huge fan when I was little.

[OutOfMemory]

$6.105 wtf?! spring loading again?

[jbreher]

I gotta say, living in Europe and in a first world country, I am glad I live here and not somewhere else. The government protects businesses and helps my employer with paying for my salary. I know if I lived in a different country I would be out on the streets already.

That's not your government paying your salary. The government has nothing that they don't take by threat of violence from your fellow countrymen. If your moral compass sees fit to employ the machinery of government to steal on your behalf from your neighbors... <smh>

[jbreher]

Sadly there are not many people who are both old and wise.

Anecdotal evidence seems to support the conclusion that the percentage of old people that are wise is significantly higher than the percentage of young people that are wise.

[LFC_Bitcoin]

BTC resurrected from the dead for the 1000th time!

[Ibian]

Sadly there are not many people who are both old and wise.

Anecdotal evidence seems to support the conclusion that the percentage of old people that are wise is significantly higher than the percentage of young people that are wise.

And the rest of the quote that you left out?

[Toxic2040]

4h


D




-----

I expect quite a bit of volatility now, as the 'pro' traders try and edge back into the deep end. #cleanhands2020

[Last of the V8s]

#socialdistancing

I haven’t intubated anyone in 20 years. I’m just a country psychiatrist. I’m scared shitless. https://imgur.com/gallery/XAUxZnj
#stayhome

[Raja_MBZ]

What if it goes down to $1k like Peter Brandt says.   I can't take that.

I decided that carrying that much wealth in btc is not good my mental health. It is far too volatile.

I have no idea where to park my money though.

USD is doing a super nova. EUR is going down as it should. Gold is not practical. BTC has a Tether issue. (and far too volatile)

No idea.

Mind, I hope you wouldn't mind, but I seriously wasn't expecting this level of (bitcoin) confusion at this point of the global financial crisis from someone who has remained uber bullish on BTC in the past. I remember that our thoughts in the past remained quite similar whenever we talked about BTC.D/Alt-season, but this time, Nah, I'm sorry. This is the time for which bitcoin was made for. This is the time for bitcoin to prove itself, and I'm sure that bitcoin WILL prove itself. Stock markets crashing, stock exchanges halting, oil falling, global chaos at an ATH, governments playing with the health of people by not going for the complete lockdown just for the sake of a couple of days' economy run, etc., what else does bitcoin need? I've never felt more confident in bitcoin than today. In the next few days, we're probably gonna stick in the range ($5800~$6300), IMO, get some BTC when we correct a bit.

P.S. I hope no one would buy the trash talk of Trump. This virus WILL continue its destruction (on a log scale) for the coming months. Trying out the Malaria drug is arguably the very first thing anyone would do if the disease's symptoms are so similar to Malaria. Anyone who thinks that Italy, Iran, China, Korea, etc., wouldn't have tried out the Malaria drug till now is simply stupid. Trump is a crying baby trying to save his toy (stabilize the Dow), and he can go to any extent to save it, which obviously includes plain ol' "lying".

[DireWolfM14]

Who let the 14-year-old quora reject post here?

[Last of the V8s]

Who's that? The nullster? He's not too bad. Is he? Apart from rabbiting on. And on.