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

[xhomerx10]

I'm finally capitulating.  I can no longer withstand the enormous pressure to return home from my virus-free surroundings.  This town's only Chinese food restaurant shut down yesterday and they never close.  It's time to pack up and leave.  See you on the flip side.

I heard Wuhan has good restaurants .... 

Oh yeah!  ...and as an added bonus, there were no new cases of Covid-19 there today   While the gas prices are awesome right now, I'm pretty sure that drive would have voided my car's warranty and my medical insurance as well.

Yeah, go back home or wherever you would rather prefer to stay confined in the case of a full long term lockdown before it's too late. I am currently "trapped" in the wrong home because I can not move anymore without risking HUGE fines. Was waiting while putting my shit together till everything clarified... and restrictions tightened instead. Now I am only like 10km apart from where I would like to spend my isolation time and I can't go there. Frustrating.

 We had been keeping abreast of the news but things began to progress much more rapidly than we expected.  Early this morning, we got a text message from our government saying to get home asap because they were closing the border to all but non-essential travel.  Once we got the border, we were told to self-isolate for 2 weeks but it seems to be on the honour system.  We just managed to make it back to our preferred home.  Hopefully you won't have too much difficulty where you are.

[fillippone]

Does anyone remember the name of the TV show that came out about a decade or so ago where the US is attacked (China?) by something where everyone has to wear a wristband that kills you if you try to take it off or do something bad. In order to get food or leave your home you need to wear it.

Also...Hong Kong is making all travelers wear a wristband that helps assure you are self quarantined.

What color wristband do you want?

I am f*ked then. I have a Chinese wristband.
 
#meritislife: how to be notified on a smartband of merits and mentions

[strawbs]

So I have some information from a meeting of the French government, I have confirmed its authenticity. I'm not into spreading craziness, just putting it out there.

They are assuming 30-40% of their population gets affected. They are planning on a peak in June. They believe it is a single event, not seasonal.

They do not believe the EU will last another 5 years.

The key part is that they believe the economic outcome will be so bad that they will have to enact martial law. The discussion regarding this is that they will need to give special treatment to the families of the military because the threat is internal as opposed to external. So they will be asking soldiers to do bad things to its own citizens and need them to think about the well being of their own families as motivation.

Just an FYI, I'm sure governments are having similar discussions.

Here in Panama everything is fine where I live since we're so far away from the city. I stocked up for a couple of months and have a fishing pole.

The French riot at the drop of a hat. Or at a rise in the price of cheese. Zero chance they'd tolerate martial law.

[Elwar]

The French riot at the drop of a hat. Or at a rise in the price of cheese. Zero chance they'd tolerate martial law.

I hope this is true everywhere.

They just issued a level 4 Global Level 4 Health Advisory in the US calling all US citizens to return to the US.

[bitserve]

 We had been keeping abreast of the news but things began to progress much more rapidly than we expected.  Early this morning, we got a text message from our government saying to get home asap because they were closing the border to all but non-essential travel.  Once we got the border, we were told to self-isolate for 2 weeks but it seems to be on the honour system.  We just managed to make it back to our preferred home.  Hopefully you won't have too much difficulty where you are.

Good to hear that. It's important to be already where you want to be.

Here it started like that.. The "honour system" you mention... Then it all escalated from there and in 48 hours we were in full nationwide lockdown.

(Funny note: It sounds as we are talking about an alien invasion and how it started in different places of the world before it all felt apart lol)

I am good, it's my GF's house where I also live frequently and have everything I need. But I recently bought a house with plenty of land which would be the PERFECT place to completely isolate from the world no matter how long this shit lasts... and not being there, precisely when it would be like the fucking paradise, is frustrating me to... unexpected levels. Plus I had plans (before this lockdown) to keep on the renovations I was doing myself, the gardening, getting the pool ready, etc etc.... which would be the best and most productive way to use all my time now and give a shit about everything else. Being unproductive when I could avoid it is taking on my nerves.

Anyway... I am polishing a master plan that will put to work before next monday at most if they don't relax the restrictions.

[xhomerx10]

 We had been keeping abreast of the news but things began to progress much more rapidly than we expected.  Early this morning, we got a text message from our government saying to get home asap because they were closing the border to all but non-essential travel.  Once we got the border, we were told to self-isolate for 2 weeks but it seems to be on the honour system.  We just managed to make it back to our preferred home.  Hopefully you won't have too much difficulty where you are.

Good to hear that. It's important to be already where you want to be.

Here it started like that.. The "honour system" you mention... Then it all escalated from there and in 48 hours we were in full nationwide lockdown.

(Funny note: It sounds as we are talking about an alien invasion and how it started in different places of the world before it all felt apart lol)

I am good, it's my GF's house where I also live frequently and have everything I need. But I recently bought a house with plenty of land which would be the PERFECT place to completely isolate from the world no matter how long this shit lasts... and not being there, precisely when it would be like the fucking paradise, is frustrating me to... unexpected levels. Plus I had plans (before this lockdown) to keep on the renovations I was doing myself, the gardening, getting the pool ready, etc etc.... which would be the best and most productive way to use all my time now and give a shit about everything else. Being unproductive when I could avoid it is taking on my nerves.

Anyway... I am polishing a master plan that will put to work before next monday at most if they don't relax the restrictions.

   Sounds like you're in a good place and hopefully the restrictions will be relaxed soon.  If your master plan involves bribing someone to "kidnap" you and drop you at your new house, good luck!

[jojo69]

Idea: Now is a good time to have an "accident" and go off the grid completely. Sort of like all the gold bugs had a boating accident.

I like it

a lot of random about to happen, get lost in the noise

[smartcomet]

New technology : Big company

1980 computer : Apple, IBM, Microsoft, Oracle
1995 internet : Yahoo, Amazon, Google, facebook
2009 blockchain : Bitcoin,?

Neglect the price, get into the newest tendency.

10 years later, you’ll be rewarded for what you do today.
30 years later, you’ll be proud of what you do today.

[Biodom]

Not sure what 'accident' would accomplish. Nobody is taxing until you spend it anyway (unless it is mined and not purchased).
Besides, with new rules (in US) on ID-ing specific transactions it's even easier.
You can use "specific tx" in lieu of FIFO or LIFO (in my understanding).

Another anecdote: several people were reporting that their credit card limits were raised (CLI).
Usually I pay in full, so recently one card (which I set up to use for a small periodic payment) decreased the limit by 25% saying that I don't use it to the full extent possible.
Just an anecdote that they are decreasing limits as well.

[Elwar]

I'm glad I only cashed out like $30k worth of BTC last year. It will put me among the poor folks when it comes time for some of that sweet free money they're handing out. Especially now that I'm married.

Thanks socialists. I'll put it to good use protecting my own individual freedom.

[lightfoot]

I'm glad I only cashed out like $30k worth of BTC last year. It will put me among the poor folks when it comes time for some of that sweet free money they're handing out. Especially now that I'm married.

Thanks socialists. I'll put it to good use protecting my own individual freedom.

BUY BITCOIN WITH IT YOU GOOF!

[bitserve]

I'm glad I only cashed out like $30k worth of BTC last year. It will put me among the poor folks when it comes time for some of that sweet free money they're handing out. Especially now that I'm married.

Thanks socialists. I'll put it to good use protecting my own individual freedom.

BUY BITCOIN WITH IT YOU GOOF!

Probably he already spent most of it during that ridiculous war against a poor third world country that was just trying to defend its sovereignty. Money well spent. Priceless.

[Elwar]

I'm glad I only cashed out like $30k worth of BTC last year. It will put me among the poor folks when it comes time for some of that sweet free money they're handing out. Especially now that I'm married.

Thanks socialists. I'll put it to good use protecting my own individual freedom.

BUY BITCOIN WITH IT YOU GOOF!

Probably he already spent most of it during that ridiculous war against a poor third world country that was just trying to defend its sovereignty. Money well spent. Priceless.

Yep, I'm flush with bitcoin...but...I need to help fund our business of getting people off of land and safely away from the psychos that believe they control every bit of dirt.

[eddie13]

psychos that believe they control every bit of dirt.

So would we be limited to hydroponics only, or would we figure out how to get away with taking some of their dirt?

[marcus_of_augustus]

https://www.thedailybeast.com/sen-kelly-loeffler-dumped-millions-in-stock-after-coronavirus-briefing
Holy shit, this brazen, isn't this illegal?

The Senate’s newest member sold off seven figures worth of stock holdings in the days and weeks after a private, all-senators meeting on the novel coronavirus that subsequently hammered U.S. equities.

Sen. Kelly Loeffler (R-GA) reported the first sale of stock jointly owned by her and her husband on Jan. 24, the very day that her committee, the Senate Health Committee, hosted a private, all-senators briefing from administration officials, including the CDC director and Anthony Fauci, the head of the National Institutes of Health of the United States, on the coronavirus.

“Appreciate today’s briefing from the President’s top health officials on the novel coronavirus outbreak,” she tweeted about the briefing at the time.

... she's the person running the cash-settled bitcoin exchange BAKKT I recall.

[marcus_of_augustus]

https://www.propublica.org/article/senator-dumped-up-to-1-6-million-of-stock-after-reassuring-public-about-coronavirus-preparedness
Here's another scumbag.

Soon after he offered public assurances that the government was ready to battle the coronavirus, the powerful chairman of the Senate Intelligence Committee, Richard Burr, sold off a significant percentage of his stocks, unloading between $628,000 and $1.72 million of his holdings on Feb. 13 in 33 separate transactions.

As the head of the intelligence committee, Burr, a North Carolina Republican, has access to the government’s most highly classified information about threats to America’s security. His committee was receiving daily coronavirus briefings around this time, according to a Reuters story.

... when does hunting season open over that way?

[Paashaas]

There are 248,811 confirmed cases worldwide affecting 180 countries with 10,053 deaths.

- Italy death toll overtakes China with 3,405 deaths. Southern and central Italy are braced for a tsunami of cases as the outbreak spreds from the badly hit northern regions.

- Spain total cases climb 28% overnight. 18,077 in total with 831 deaths.

- US cases surpass 10,000, doubling in two days. Total cases: 14,339 with 217 deaths.

- Three individuals from the Philadelphia 76ers have tested positive.

- California declares statewide stay-at-home order.

- Saudi Arabia shuts down domestic flights and public transport. Suspending prayers in the Grand Mosques of Mecca and Medina.

- First deaths in Russia, Mexico, Croatia, Tunisia, Curaçao and Northern Ireland.

- Number of patients in Peru has risen by 61% in a single day. Peru on a strict lockdown.

- Indian Prime Minister Modi asks citizens to stay inside their homes on Sunday. Halts incoming international flights for a week.

- Prince Albert, the leader of Monaco, has tested positive.

- Brazil announced today that the country will close borders with neighbouring countries Argentina, Bolivia, Colombia, French Guiana, Guyana, Paraguay, Peru and Suriname.

- New Zealand and Australia closed their borders to foreigners.

- About 120,000 film industry workers have already lost their jobs in Hollywood.

- Colombia blocks entrance of all non-citizens.

- Egypt to close down restaurants and retail stores in the evening.

- 100 Iranians died after drinking Ethanol for 'cure' against Covid19.

- Dutch, Spanish and Monaco Formula 1 GP's all postponed.

- Porno industrie collapses due of Covid19.

- Germany set to call on parts of the army for help in dealing with coronavirus.

- Argentina announces lockdown until 31 March.

- Panama has announced it is suspending all international flights from Monday.

- A second dog has tested positive for coronavirus in Hong Kong.

- Three passengers on board the Ruby Princess cruise ship in Sydney have tested positive.

               

[Paashaas]

@mindrust

You should buy back and HODL at least one Bitcoin.

Just do it.

With $40k in the pocket? 3-5 coins right here, right now.

[bitebits]

[...]
Regarding the selling, this is a whole new topic. For starters, you may just make a plan like JJG suggested some time ago. It can also invole some buying back in case the price falls. [...]

Great post ivomm, thanks.

This ‘JJG plan’ sounds interesting as well and would be delighted reading in detail how to set it up.

[bitebits]

@mindrust

You should buy back and HODL at least one Bitcoin.

Just do it.

Totally agree. You can’t know about Bitcoin and not own any, especially when having plenty of emergency cash in your pocket. Put it in a safe and forget about it. Treat it as money gone and you may thank yourself in 20 years time or have a good laugh at your younger naive self.