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

[LFC_Bitcoin]

Do we have anyone here COVID-19 positive?
Hope no one yet.

I had laryngitis for 6 weeks, cough & cold. My voice was like a whisper for ages. Other WO members will verify this as we met last month.

I don’t think it was COVID-19 any way.

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[Ibian]

Do we have anyone here COVID-19 positive?
Hope no one yet.

I'm on my 5th day after returning home, through 3 airports and 2 planes. Whole trip took more than 24 hours. 9 more days till I'm "clear", but only a few till I can begin to relax.

[JimboToronto]

Good morning Bitcoinland.

Briefly touched the $7xxx range before correcting a little... currently $6660USD/$9507CAD (Bitcoinaverage).

Still a week and a half in Mic's contest. This should be interesting.

Stop using the paper money. Seriously, paper money is the easiest way to spread any kind of germs.

Not my paper money. 

[Cryptotourist]

Define 'blink'

Shit, I don't know, 1-2-3 months.
Think of total human resources, whilst at it.

Yes, that's exactly what I am saying.

https://www.nytimes.com/2020/03/18/business/coronavirus-ventilator-shortage.html

My friend, that's not evidence.

Do you have evidence on the contrary?

Of course not.
I'm only speculating here. And my gut is going wild.

Maybe in one or a few months we will have plenty. Not NOW.

I can only speak for Greece.
I happen to have friends too in various hospitals, whom panicked a little a week or so ago, and now are getting their blood pressure restored.

Same with masks and other PPE's.

If you need any, let me know.
Don't know if posting them will get to you, but we can try, if that makes you feel better.
And just to be clear, I don't have, nor need any mask. I just see them available. Today.

[rolling]

Coronavirus appears to be more fatal in men than women.

Seventy percent of coronavirus deaths in Italy have been men.
Data from China shows about 64 percent of deaths in tens of thousands of cases were male, compared to 36 percent female.
Fifty-four percent of fatalities were men in South Korea.

https://thehill.com/changing-america/well-being/prevention-cures/488507-coronavirus-appears-to-be-more-fatal-in-men-than

[Cryptotourist]

Pretty damn certain, that COV19 is far more deadly to nocoiners than coiners.

Can we have a motherfucking statistic here please?

edit: 100% WO hodlers unaffected.

[Ibian]

Think I figured Italy out. They got a lot of social touching, including hugs and kisses where more civilized people respectfully bow or, in more barbaric countries, shake hands. Lot of old people, apparently. And, according to studies, only half of them wash their hands after going to the loo. So, yeah, no wonder it's spreading like crazy.

Also, apparently, the lab in Wuhan the virus "escaped" from? Owned by Soros. It really only does take one bad Jew to make up for a million who don't really do anything.

[Torque]

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.

People aren't getting it...yet. But soon there will be a reckoning. And it won't be virus "deaths" they have to worry about.

In history there never has been, and never will be, market crashes and recessions without *massive* layoffs following.

No doubt it's coming. Most people will be caught completely flat-footed.

Maybe that's when the public outrage and protests will finally start.

Edit: But don't take my word for it. The Wallstreet 'vampire squid' is already warning it for me:

https://www.cnbc.com/2020/03/20/the-upcoming-job-losses-will-be-unlike-anything-the-us-has-ever-seen.html

[ivomm]

Meantime it looks like Bitcoin is clawing its way back to "normal" (8k) which is still below where it should be (12k) but we can deal with that next week.

Certainly holding up better than ye ole stocks.

I don’t see how $12,000 isn’t going to be an absolute guarantee by the end of 2020. The halving will ensure that!
Fortune favours the brave, we deserve what’s coming to us.

I prefer the variation "fortune favours the prepared mind". Louis Pasteur made this remark: "Dans les champs de l'observation le hasard ne favorise que les esprits préparés", meaning "In the fields of observation, chance only favours the prepared mind."
I am not inclined to believe that cerain price will be reached in the next 2-3 years, but the reduced supply will make the difference sooner or later. So it is not only about bravery but knowledge as well.

[Cryptotourist]

Peace Bulls and lovers of humanity.  Off to Hodlvirus Sleep.  


Final Score.

Slayer 26, Doom Fanboyz 0

via Imgflip Meme Generator

Chuck Norris once mined a bitcoin just by thinking about it.

While humanity races to find a coronavirus vaccine, the coronavirus races to find a Chuck Norris vaccine.

Actually, there's no need for a coronavirus vaccine.  Just wait until Chuck Norris catches it.

Wonder how Lambie feels about the coronavirus.

Unfortunately I prematurely ejaculated all my smerits on Wekkel (#nohomo dude), thus putting me in very, very difficult situation about meriting these posts.
Not for me please. For them god damn it.

[JSRAW]

Majority here don't know shit about beautiful game called Cricket or Test Cricket but i am going to share it anyway because its fucking true irl no matter what's your ideology, colour, sex etc fucking etc.  

Life lesson to take from Little Master about Test Cricket and Covid-19, its one reason i am freaking crazy or some call it "fanatic" about Test format. And yeah if we can act together as team then we can beat it.


https://twitter.com/cricketdistrict/status/1240936382643818498

[julian071]

Coronavirus appears to be more fatal in men than women.

Seventy percent of coronavirus deaths in Italy have been men.
Data from China shows about 64 percent of deaths in tens of thousands of cases were male, compared to 36 percent female.
Fifty-four percent of fatalities were men in South Korea.

https://thehill.com/changing-america/well-being/prevention-cures/488507-coronavirus-appears-to-be-more-fatal-in-men-than

Would not surprise me of those numbers are actually the number of smokers.

[Ibian]

Majority here don't know shit about beautiful game called Cricket or Test Cricket but i am going to share it anyway because its fucking true irl no matter what's your ideology, colour, sex etc fucking etc.  

Life lesson to take from Little Master about Test Cricket and Covid-19, its one reason i am freaking crazy or some call it "fanatic" about Test format. And yeah if we can act together as team then we can beat it.


https://twitter.com/cricketdistrict/status/1240936382643818498

Okay but india is literally a shithole, highest rate of public shitting in the world, both in absolute numbers and as a percentage. also cricket is kinda gay

[Cryptotourist]

I'm absolutely ready for bear hunting season.
I even added a signature - first time - paraphrasing a well known quote:

Bitcoin gave me something I could not refuse. The plausible chance, of an honorable financial death. Or not.

Lulz.

[JayJuanGee]

[...]
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.

I am thinking that ivomm was referring to a post of mine from September 19, 2019, or maybe some variation that I made of that post.

In posting along those lines, I was attempting to get some BTC HODLers out of "all or nothing" thinking, and my main intention was not really setting up any specific mandate of a BTC cashing out plan, but instead helping to provide a framework to demonstrate how any BTC HODLer could employ an incrementalist cashing out approach that is both tailored to their own situation but also cashing out some BTC all along the way UP (presuming that we are going up) without ever running out of BTC to sell, while increasing their chances to become richie at the same time.

[Febo]

Also, apparently, the lab in Wuhan the virus "escaped" from? Owned by Soros. It really only does take one bad Jew to make up for a million who don't really do anything.

China dont let foreigners to own company there. Elon Musk was allowed to open company in China exclusively. They did it because they know it will be needed. Tesla shares skyrocked after that news.   You are allowed to have share in Chinese companies. Not own them fully.

If you would try to provide links to your claim you would notice is a false information.

[OutOfMemory]

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.

Agree. If people could (would be willing to) interact in a manner that slows down the spread, economy could continue in some kind of "safe mode".
It's because many people are too dumb (simply put), so they get locked down.
Would be better to control spread via hygiene and technology to avoid overloading the healthcare system.
lockdown is quite a dumb measure, and if you even think of the consequences of taking the freedom of millions...

[JayJuanGee]

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.

Seems to me that the HODL strategy might even be stronger than any kind of incrementalism BTC cashing out plan that I have ever outlined because ultimately, one of the problems with trading any amounts of BTC is that HODLers tend to end up with some kind of third party risks, whether that is placing money on exchanges or otherwise having to put themselves at risk of dealing with various strangers for exchanging BTC.  

The HODL strategy has been a decently profitable and prudent one for a lot of BTC investors, and it seems that Jimbo serves as a decent example of such strategy, and in essence, after he had gone through at least a couple of UP cycles, his current incrementalism cashing out strategy seems to be to merely cash out a sufficient amount of BTC as his needs come due or to anticipate a bit of his cashflow needs in advance and to maybe attempt a bit of timing to cash out the needed BTC in advance (hopefully at higher BTC prices, but even price does not necessarily seem to be a deal breaker once reaching a certain level of BTC profits).

Edit:  I did feel that I needed to come back and quibble with your post wording a little bit more, AlcoHoDL, namely:  "incoming mathematically certain algorithmic event."  My quibble is with the concept of "certain."  Of course, you likely realize what I am going to say, and maybe my quibbling is with the over idea of certainty, rather than specifically what you said...

Accordingly, we are not robots, so I have issues with anything that deals with humans as being mathematically "certain."

We should not aspire to mathematical "certainty" either, even though I get your point about the underlying code of bitcoin being structured in such a way that has a decently high level of certainty in it, but it is surely not "Turing complete" and looking at some of the fuck-ups in ethereum, probably it is not desirable to even strive for Turing completeness when dealing with certain kinds of possible errors...  

I do agree with any implication that bitcoin is designed in such a way that creates sound money incentives, and even accounts for greedy human behaviors in that there are a lot of ways that bitcoin becomes stronger when individuals and institutions act in their own best interests and then compete against each other, which causes the network to become stronger, and likely sooner or later, we are going to have governments engaging in BTC mining and other kinds of activities like that in order to attempt to secure the bitcoin network, rather than fighting against the likely inevitability of bitcoin becoming stronger and stronger and stronger with the passage of time.

[2020VISION]

Good morning Bitcoinland.

Briefly touched the $7xxx range before correcting a little... currently $6660USD/$9507CAD (Bitcoinaverage).

Still a week and a half in Mic's contest. This should be interesting.

Stop using the paper money. Seriously, paper money is the easiest way to spread any kind of germs.

Not my paper money. 

7k and on the moveeee+++    #fuckcorona

[2020VISION]

I'm already here.

/blocked    #quarantine