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

[Wekkel]

Sent fiat to exchange. Just in case Bitcoin decides to give another big chance to buy cheap (sub$4,xxx).

You are skipping straight from sub $5k to sub $4k?

One step at a time, Wekkel, no?

I am not going to presume sub $4k.  No way

No, I have a strategy aimed at sub $5,500, but then I wouldn’t have any fiat power left. I keep open the possibility that Wall Street takes another nose dive (in the US the Corona shit is about to hit the fan), possibly dragging Bitcoin down with it... again. I would hate missing a great ‘buy the dip’ moment again  

So that’s why I keep some powder dry at the trigger. Another BIG Dip is a strategy, not a desire. My main (small) trading position now is long.

[OutOfMemory]

Sent fiat to exchange. Just in case Bitcoin decides to give another big chance to buy cheap (sub$4,xxx).

You are skipping straight from sub $5k to sub $4k?

One step at a time, Wekkel, no?

I am not going to presume sub $4k.  No way

No, I have a strategy aimed at sub $5,500, but then I wouldn’t have any fiat power left. I keep open the possibility that Wall Street takes another nose dive (in the US the Corona shit is about to hit the fan), possibly dragging Bitcoin down with it... again. I would hate missing a great ‘buy the dip’ moment again  

So that’s why I keep some powder dry at the trigger. Another BIG Dip is a strategy, not a desire. My main (small) trading position now is long.

Same here. Not that i wish the stock markets would nosedive, but it seems inevitable to me.
I can still try to buy some minor dip on the way up, if all goes well with the wall street and/or corona.

[kurious]

This is the time to do a *massive* upgrade to US infrastructure. Seriously, there should be a billion men rebuilding those railroad tracks to last 100 years.

That is a very good idea; a decent modern railway for commuting and freight would really be good for the USA.  

Plus it would be an investment, not just giving money away, but using money for a long-term benefit, creating work and building a new infrastructure asset.

Far too smart an idea for anyone to actually do it, though.

one small problem

real, actual, like...existing on the material plane...steel

costs real money

you can't print steel



well, if you already have steel you can sinter small parts, but you know what I mean

Print the money to buy the steel instead of airdropping it on banks and (presumably) airlines etc. who will only buy their own stocks..?

China has the steel.

I rather doubt they are going to be taking our confetti much longer.

Success requires foresight. When a gov tries to defend strategies that may have worked out well in historic times at all cost, it's a programmed fail.
Foresight is what lacks in politics of the Trump administration, one-dimensional thinking (opposed to networked thinking) is prevailing, but it won't work in economies that follow complex rules and rely on trust a lot. It's a big mistake to assume that the US is dependent on no other nation, but every other nation is dependent on the US. This is surreal, it's an illusion. Big question is, what to do if the american people wake up from their biggie dream and have to face reality of an economy that was blown up with their help.

EDIT: (saw it after posting)

I see what you meant now.  Fair point, you got me there.  The Chinese are also probably the only lot that could actually build one on time and for a reasonable budget, too.  But again, they'd want paying. With real money.  

Well it was an idea that would have worked once - maybe if they'd done it in 2008, instead of fluffing the markets to keep the horn section playing.

Also MAGA is based on the idea that they can do anything on their own. And now they are sabotaging their own concept by inflating the dollar.
This must end in some kind of breakdown.

They didn't fix it in 2008, they printed money to save the system and papered over the cracks.  They think 'more of the same' despite never having really gone back to 'normal' interest rates, is.... Fine.  

"It worked before and anyway - it's obviously a new paradigm, we'll just print even more and it'll be ok. All that shit saying that printing money will end in tears no longer applies"

Well, it works for a while, yes.  Until it doesn't and the whole house of cards tumbles down.  

Satoshi was no fool; remember what it says in the genesis block.  

[jojo69]

alright Ibian

that's it

one more screen you don't get to be on

[OutOfMemory]

alright Ibian

that's it

one more screen you don't get to be on

And one more 
Even so, i appreciated the missing of R0ach (who was on Ignore anyway, but ...).
I don't need this. Who needs this anyway?

[kurious]

Also MAGA is based on the idea that they can do anything on their own. And now they are sabotaging their own concept by inflating the dollar.
This must end in some kind of breakdown.

I didn't really answer the isolationism point, apologies.  I agree.

There is no doubt governments have a role in massive events, and that the public actually wants them to 'do something'.

In 2008/2009 the G20 was formed by Gordon Brown to actually act in a coordinated way and deal decisively with what was a serious credit crunch. It worked.  The lack of of a similar consensus and coordination this time around however, is plain and could get risky.  

In a world crisis it is risky to go it alone, or just blame someone else.  This attitude seems to be hard-written into the current zeitgeist.  The virus will be beaten, but the economic hit /recession will not be beaten easily if there is a credit crunch. This is about debt not being honoured and borrowing not being available because of a failing of trust.

If even a small country's banks get in trouble, and those banks can't be bailed out with loans, because no one will lend to them for fear of default - there will be trouble.   This is when a 'go it alone;' strategy will collapse; as with countries defaulting, then so will global demand.  This and its subsequent 'domino effect' could be a fire storm that will cause far more pain than the virus.  

The virus is just the straw. The camel's back is the world economy.

Edited. I often do.

[kurious]

Did I help the push to free up the screen?

[Elwar]

If things get really bad and they start shutting down centralized messaging services, what are our decentralized options?

[OutOfMemory]

Also MAGA is based on the idea that they can do anything on their own. And now they are sabotaging their own concept by inflating the dollar.
This must end in some kind of breakdown.

I didn't really answer the isolationism point, apologies.  I agree.

There is no doubt governments have a role in massive events, and that the public actually wants them to 'do something'.

In 2008/2009 the G20 was formed by Gordon Brown to actually act in a coordinated way and deal decisively with what was a serious credit crunch. It worked.  The lack of of a similar consensus and coordination this time around however, is plain and could get risky.  

In a world crisis it is risky to go it alone, or just blame someone else.  But this attitude seems to be hard-written into the current zeitgeist.  The virus will be beaten, but the economic hit /recession will not be beaten easily if there is a credit crunch. This is about debt not being honoured and borrowing not being available because of a failing of trust.

If a country's banks get in trouble, and those banks can't be bailed out with loans, because no one will lend to them for fear of default - there will be trouble.   This is when a 'go it alone;' strategy will collapse; as with countries defaulting, then so will global demand.  This and its subsequent 'domino effect' could be a fire storm that will cause far more pain than the virus.  

The virus is just the straw. The camel's back is the world economy.

Problem is, according to human nature, we try to carry out "former successful strategies" in the first place, before we go on to think about alternatives.
So it's always a nosedive before the way up again. So far economy only fell on its knees...

Also, the majority of the public thinks in a one-dimensional way, so they'd support more simple (understandable) "solutions". The majority wouldn't trust some complicated plans and international relationships as much as mentioned "do something" decisions. In fact it seems to be "do something, and make us look strong, too".

[kurious]

Sadly, yes.

[OutOfMemory]

If things get really bad and they start shutting down centralized messaging services, what are our decentralized options?

If i would have any amount of sMerit left, i'd give them all to you, just because of asking that question.
In fact, i have no idea. Back to IRC?

[lightfoot]

If things get really bad and they start shutting down centralized messaging services, what are our decentralized options?

UUCP and UUCico?

[Torque]

There were funky China men from funky Wuhan
They were chopping bats up
They were gulping bats dahn

It's an ancient Chinese art
And everybody played their part
Started as a quarantine on a ship
Then spiraled into global pandemic

Everybody was Kung Flu fighting
The markets plunged fast as lightning
In fact it was a little bit frightening
But they caught the bottom with expert timing

[bitserve]

If things get really bad and they start shutting down centralized messaging services, what are our decentralized options?

Ham radio.

[gentlemand]

Ham radio.

[serveria.com]

Everybody was Kung Flu fighting
The markets plunged fast as lightning
In fact it was a little bit frightening
But they caught the bottom with expert timing

Haha this one is hilarious  

[fillippone]

If things get really bad and they start shutting down centralized messaging services, what are our decentralized options?

LoRaWan and/or Mesh Networks.

[Total privacy Bitcoin]: off grid Transactions LoRaWan/goTenna

[Elwar]

Looks like Bitmessage is still going. Their reddit page is active.

https://bitmessage.org/wiki/Main_Page

[P_Shep]

If things get really bad and they start shutting down centralized messaging services, what are our decentralized options?

Isn't the LN supposed to provide a solution to this?

[jojo69]

If things get really bad and they start shutting down centralized messaging services, what are our decentralized options?

damn good question

20M is pretty good in the daytime

75M at night

we live in a pretty centralized world