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

[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!

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[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.

[eddie13]

bullish

[AlcoHoDL]

Most of us are in this scene long enough to have lived through at least one Halving. I cannot accept that anyone who's been through such experience would sell any amount of BTC now, unless it's part of a carefully laid out trading plan to take advantage of the volatility, and even then I would be very cautious.

Even though you are probably somewhat correct, AlcoHoDL, with your presumption that there are a decent number of WO thread regulars who have been through at least one halvening, in recent times, I am having my doubts about whether going through one halving is going to be enough for the vast majority of regular peeps, unless they happen to be decently rich before getting into bitcoin and putting a decent quantity of value into bitcoin before the effects of the halvening has truly kicked in.   

In recent times, I am thinking that the vast majority of regular peeps are going to need to hold through a couple of halvenings, unless kind of best case scenarios develop, and we should not be assuming best case scenarios.

Even if someone has established an investment portfolio of $100k, and then decide to be somewhat aggressive with BTC with a 20% investment into BTC, that would only be $20k and might not be a sufficient amount to reach fuck you status.

Surely, I agree with what seems to be your essential message, and that is that there is a kind of algorithm that is quite likely to play out that is going to cause a likely stepping up in the BTC price, so no one who is seriously trying to grow his/her BTC investment should be fucking around with any kind of large amount of BTC selling, but instead be focusing on accumulating BTC in this price arena while it lasts...  and my point remains that even if guys do that.. they are likely going to need a few BTC halvening cycles before they are likely to be able to get into a kind of comfort zone (or maybe 1.5 cycles might end up working out decently well for some too?)....

Maybe you're right and one Halving is not enough to harden a HoDLer so that he/she doesn't make a move like mindrust's. But going through (and surviving) the painful ATH-to-$3000 phase, you'd expect to be able to take the recent dip without much effort. If anything, it was (still is) a chance to accumulate some more coins before the incoming mathematically certain algorithmic event.

As I do not have the expertise and experience of your very well thought out DCA planning, I consider my approach of Buy-HoDL-Wait a safe bet against short-term volatility panic attacks and towards a sure-to-come (for me) "mooning" phase, of reaching "fuck you" or "comfortable" status. The latter is good enough for me, as my needs are not really Lambos, hookers and blow, but, rather, being able to realise a few pretty reasonably achievable dreams in the near future.

[VB1001]

 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.

And if you say that you have to go to your property to feed your, chickens, horses, dogs, cats...

[VB1001]

https://twitter.com/BitcoinMemeHub/status/1240628111495950337

[Lambie Slayer]

LOL, Doomcallers.  

Where are you now?

Oh God..... Good question. Wish I knew.

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

"Peer reviewed by who?"  The astute observer will notice I deleted the link to the peer reviewed trial from Slayer's quote.

https://drive.google.com/file/d/186Bel9RqfsmEx55FDum4xY_IlWSHnGbj/view I was trying to be sly.

To answer my own question:

"The study was conducted in accordance with the International Council for Harmonisation of Technical Requirements for Pharmaceuticals for Human Use (ICH) guidelines of good clinical practice, the Helsinki Declaration, and applicable standard operating procedures.
The protocol, appendices and any other relevant documentation were submitted to the French
National Agency for Drug Safety (ANSM) (2020-000890-25) and to the French Ethic
Committee (CPP Ile de France) (20.02.28.99113) for reviewing and approved on 5th and 6th
March, 2020, respectively. This trial is registered with EU Clinical Trials Register, number
2020-000890-25."

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.” I cherry picked a sentence loaded up with "might's" and "may." I cant controvert the data provided by Slayer in the peer reviewed clinical study, so this was the best I could do.  

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..... A softer man would have let the bureaucrats slow him down, but I'm not trying to give credit where it is due ya know.

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.... Forgive my lashing out Slayer, I'm a bit emotionally invested in all this doom. Don't take my condescension towards you personally.

(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) I cant be bothered to research the drugs in question and learn that they have been in use a long time and people aren't in danger of being killed.

Kinda weird that my critique of a trial/study is that you should have trials and studies right??? Hell maybe I didn't even read the clinical trial/study Slayer posted. Guess I'll just keep you guys guessing.

Really perspicacious commentary. +1