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

[Phil_S]

Tried to observe $7000, but blinked (yeah that's 1m)...

[Lambie Slayer]

It's not about the Covid deaths. It's about their consequences.
Snakes don't do much damage to the economy, do they?

Well, maybe we shouldn't overreact and shut down the economy then.

Exactly. He doesn't even deny that in terms of human life this is just a nothing burger. He openly admits its about the hysteria(shutdowns/economic damage). The hysteria is melting away(cures, treatments, weather, low mortality rates, hot spots peaking). He no like.  

He certainly wants cheap coins (he has admitted this in a previous post).

He is likely also on the wrong side of a short.

Got scared, sold or shorted, realized its a nothing burger but hopes the fear can last long enough to get cheap coins.

But we are pumping.  

This virus has gotten weird. It has Fanboyz cheering on death and getting pissy when it cant even keep up with snake bites.

Covbull-19 is good for cranking up money printers and clearing out a few nursing home beds. If you drank the Kool-Aid and think its good for Doom an Armageddon your just gonna end up looking silly.  

[rolling]

Welcome US to the Negative Interest Rate World.

Negative interest rates have arrived in the US! 6mo t-bill at -2bps. Means you need to PAY US govt for 6mo cash deposit. Rates to go much more negative to weaken dollar. This is confiscation and it is bad but it needed for now to stabilize system. Mega bullish for #Bitcoin

https://twitter.com/dtapcap/status/1240700538825494532?s=21

Guess who bought those:

FED BALANCE SHEET: (shiiiiiit!)

And every penny of the fed balance sheet was literally created with a phony ledger entry. Created out of thin air to buy real debt. The US government can spend as much as it wants when a phony ledger entry can instantly absorb it.

There are so few bitcoin that even a minuscule amount of that money would launch us to 100k+. What is the total number of bitcoin currently for sale on order books around the world and how many more would be moved to the exchanges even if we got to $100k? I know most hodlers aren't cashing everything out, even at those levels.

[Hyperjacked]

via Imgflip Meme Generator

Wow...lol!

Gotta say we live in strange times...I live in New York and it feels like 911 again!
After 911 they fed us the BS that the air was safe and go back to work...Lies! My friends got cancer and I have major lung issues! I didn't buy the BS then and don't now! Last week the mayor said the subways are safe and it spread the virus like wildfire now he is full panic mode! New York will explode with cases in the coming weeks!
No paranoia...just the facts!
Peace out playas  

[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.

and the window closes fast.

Honestly it's been buy time for hours... panic buy time will come soon imho 😎

Some missed a great buying opportunity! Cheers homies!

[Lambie Slayer]

I wonder if the Doom Boyz have the ballz to add to their shorts here. The rocket fuel is always welcome.

Go find some doom porn so I can Slay it with ease.

[Globb0]

Power is reported as restored across the ship captain



Take us out of here!

[Lambie Slayer]

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

+1

[LFC_Bitcoin]

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

Girllllllll , buy time was in the $4000’s

[somac.]

Dude, you are not getting it, do you?

It's not the fucking Ebola, yeah, and it may be even softer than the flu for most persons but:

1) Unlike the flu, no one is inmune
2) It is highly contagious... probably more than the flu.
3) Some of the very few people that have bad symptoms usually develop a very bad pneumonia.
4) Patients with a bad pneumonia usually need ventilators to have a chance to survive.
5) We don't have more than a few thousands ventilators and it is very hard to obtain more right now because every fucking country needs them and manufacturers are overwhelmed.
6) There is also a complete scarcity of masks and other personal protection items.. Which makes anyone going anywhere near an hospital or a doctor, for whatever reason, to have all the chances to be infected.

In Italy the number of people needing ventilators to survive have already exceeded the number of available ventilators. Which, btw, are also needed for some things other than this covid thingy. In Spain we are quickly reaching that critical ceiling in some regions like Madrid.

This is not about number of deaths but about the medical services being overwhelmed and unable to keep giving proper treatment to the patients that need it. So every effort it is being focused in slowing the spreading of the virus trying to maintain the figure of people needing ICU/ventilators below the number of available ones... until everyone have already been exposed to it... or a vaccine is ready.

Get it now?

Spot on. If this spread 10 times slowly there would be no panic at all, because the hospital system would be able to absorb the increased load. My concern with catching the virus is that I am one of the 15% that get hospitalized at a time when there are no ICU beds or free ventilators.

I am also very concerned for certain family members who are old and have health conditions, I would be concerned for them though even if the hospital system wasn't overwhelmed.

As far as asset prices and bitcoin in particular, I think this whole thing is extremely bullish long time. Which will be great for me of course, I was worried in the short term for a while, but not so much now as the situation has changed because CBs and Gov fiscal responses are getting to the point of preventing any further decrease.

I fear for the real economy though. The downturn in the real economy will be long and drawn out, the workers will be affected by this to a massive degree. They will not get free money or debts paid off, they may get their debt delayed for a bit, but that's it. The rich and large corporations are going to be massively wealthier after this, keep an eye on the wealth divide it will go ballistic. Sure we'll all be rich from our Bitcoin holdings, but a lot don't have any asset, only their labour.

This whole thing is going to destroy the remaining wealth of the 99%, and as I'm getting rich from Bitcoin, I won't be fucking forgetting those who won't be. the suffering is going to immense.

[Lambie Slayer]

Power is reported as restored across the ship captain



Take us out of here!

via Imgflip Meme Generator

 

[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.

Girllllllll , buy time was in the $4000’s

Lol,yes it was and the smart ones bought the dip!

Disclaimer:I have major golden balls ... some say anyway

[Lambie Slayer]

This is a celebrity named Olga.

...

Here is a long list of famous people w Covbull-19. Almost all are feeling fine, one has some body aches, and one is doing fine in a hospital.

Covbull-19 seems to have its strongest effects on money printers and T.P. lovers.

https://www.vulture.com/2020/03/famous-people-celebrities-with-coronavirus.html


Based on testing numbers about 11 percent of the NBA has Covbull. About half of a percent of the U.S. House of Representatives has tested positive.

They all are feeling fine.

I'm starting to wonder if somewhere between .5 and 11 percent of the U.S. has it and its actually extremely rare to get any symptoms stronger than the flu.

Germany has been doing a lot of testing. They have a .2 percent mortality rate. The new drugs should get it under flu death rates soon.

Prognosis: Covbull healthwise is a nothing burger and never comes close to killing as many as the 80k deaths caused by snake bites each year. Febrile money printers can't undo what they have done. Helicopter money is upon us.  Bernanke prophecy fulfilled.

Dude, you are not getting it, do you?

It's not the fucking Ebola, yeah, and it may be even softer than the flu for most persons but:

1) Unlike the flu, no one is inmune
2) It is highly contagious... probably more than the flu.
3) Some of the very few people that have bad symptoms usually develop a very bad pneumonia.
4) Patients with a bad pneumonia usually need ventilators to have a chance to survive.
5) We don't have more than a few thousands ventilators and it is very hard to obtain more right now because every fucking country needs them and manufacturers are overwhelmed.
6) There is also a complete scarcity of masks and other personal protection items.. Which makes anyone going anywhere near an hospital or a doctor, for whatever reason, to have all the chances to be infected.

In Italy the number of people needing ventilators to survive have already exceeded the number of available ventilators. Which, btw, are also needed for some things other than this covid thingy. In Spain we are quickly reaching that critical ceiling in some regions like Madrid.

This is not about number of deaths but about the medical services being overwhelmed and unable to keep giving proper treatment to the patients that need it. So every effort it is being focused in slowing the spreading of the virus trying to maintain the figure of people needing ICU/ventilators below the number of available ones... until everyone have already been exposed to it... or a vaccine is ready.
Fear and Panic Copypasta to justify global nothing burger hysteria. Looking like we will never catch up with snake bite deaths.
  
Get it now?

Yeah, you're really scared, I get it. Its not a crime. The whole world hit peak fear. Its starting to melt away. Soon you will catch up. After the pump perhaps, who knows.

[heslo]

Power is reported as restored across the ship captain



Take us out of here!

via Imgflip Meme Generator

 

Engage!

[rolling]

The fed is vacuuming up $107 billion more in debt today alone, not including the repo market. They say it's a record for a single day.

It's all government debt and mortgages. How convenient that the fed will own all the bad mortgages right before the collapse of the housing market.

https://www.youtube.com/watch?v=aaLuF40xMAk

[Wekkel]

From my perspective, the lingering question is not the virus, but whether this causes non repairable shit in the legacy financial system. Something has been burning since September already when the repo market got sick. This had nothing to do with the virus.

So I am keeping an eye out for more sorrow (and related scare dumps) before I declare all this over.

Whether Bitcoin would dump as well in a renewed scare dump downwards: we will have to wait and see.

[Globb0]

and what has been emergency switched over may not be so readily un emergency unflipovered

[BitcoinGirl.Club]

Good morning WO!
Observing @ $6,706



And we are rolling! 🚀

[Hyperjacked]

Rise n shine New Yorkers !!! Get ready for rocket time...

[Lambie Slayer]

https://www.foxnews.com/media/dr-jacob-glanville-antibody-neutralize-coronavirus

"What my company is doing is adapting antibodies to recognize and neutralize the novel coronavirus. So this would ... [be] sort of skipping what a vaccine does," Glanville said. "Instead of giving you a vaccine and waiting for it to produce an immune response, we just give you those antibodies right away. And so within about 20 minutes, that patient has the ability to neutralize the virus."

"The completed drug is going to go to the USAMRIID [United States Army Medical Research Institute of Infectious Diseases]. So that's the U.S. military and they're gonna be testing it for its ability to neutralize the virus.

"At the same time, that drug was going to go to Charles River Laboratories, which is a international contract research group, which is going to test the safety of that drug," Glanville said."



Another cure for later to add to the one we already have.