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

[Ibian]

The military is setting up MASH units to help the civilian health care.

So, does anybody know if this a first?
I mean, the Swedes have proven the smartest so far in my book, has any other country deployed military style health support?
If the answer is no, that says a lot.

Is your book a childrens book? Military intervention is a Bad Thing, it means things are so bad the military has become necessary.

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[Paashaas]

There are 319,606 confirmed cases worldwide affecting 188 countries with 13,693 deaths.

- Italy's death toll rockets by 793 in a day, with more than 6,500 new cases recorded. The government announced the closure of all non-essential production activities across the country.

- John Lewis closing its shops for first time in 155 year history.

- First deaths in Finland, Ghana, Cyprus, Colombia, Romania and Guam.

- Belgium's lockdown to last at least eight more weeks.

- Indonesia has confirmed 10 new deaths and 64 new cases.

- Malaysia has sent the army to the streets to enforce restrictions.

- Brazil's Sao Paulo get two week shutdown.

- Paolo Maldini and his son tested positive.

- Former Manchester United midfielder Marouane Fellaini tested positive in China.

- Hawaii implemented a 14-day quarantine for any visitor.

- First cases confirmed in the Palestinian Gaza Strip.

- Egypt ordered mosques and churches to shut their doors.

- Singapore will ban all short term visitors from entering or transiting.

- 38 people have tested positive in New York City jails, including at the notorious Rikers Island jail complex.

- South Australia has followed Tasmania and the Northern Territory in effectively closing its state borders.

- Australia bans all non-essential domestic travel. Enforcing any new arrival to undergo 14 days of quarantine.

- Hero and Fiat halt Indian car production.

- Automakers across the US and Europe declared temporary shutdowns.

- Ukraine declares total quarantine.

- Turkey bans citizens 65 years and older from leaving their homes starting at midnight.

- Emirates suspends France, Germany, Nigeria and some U.S. flights.

             

[psycodad]

The military is setting up MASH units to help the civilian health care.

So, does anybody know if this a first?
I mean, the Swedes have proven the smartest so far in my book, has any other country deployed military style health support?
If the answer is no, that says a lot.

Switzerland has had its first mobilization since WWII.
Army and civil protection are supporting hospitals and police already since last week.

[heslo]

There are 319,606 confirmed cases worldwide affecting 188 countries with 13,693 deaths.

- Italy's death toll rockets by 793 in a day, with more than 6,500 new cases recorded. The government announced the closure of all non-essential production activities across the country.

- John Lewis closing its shops for first time in 155 year history.

- First deaths in Finland, Ghana, Cyprus, Colombia, Romania and Guam.

- Belgium's lockdown to last at least eight more weeks.

- Indonesia has confirmed 10 new deaths and 64 new cases.

- Malaysia has sent the army to the streets to enforce restrictions.

- Brazil's Sao Paulo get two week shutdown.

- Paolo Maldini and his son tested positive.

- Former Manchester United midfielder Marouane Fellaini tested positive in China.

- Hawaii implemented a 14-day quarantine for any visitor.

- First cases confirmed in the Palestinian Gaza Strip.

- Egypt ordered mosques and churches to shut their doors.

- Singapore will ban all short term visitors from entering or transiting.

- 38 people have tested positive in New York City jails, including at the notorious Rikers Island jail complex.

- South Australia has followed Tasmania and the Northern Territory in effectively closing its state borders.

- Australia bans all non-essential domestic travel. Enforcing any new arrival to undergo 14 days of quarantine.

- Hero and Fiat halt Indian car production.

- Automakers across the US and Europe declared temporary shutdowns.

- Ukraine declares total quarantine.

- Turkey bans citizens 65 years and older from leaving their homes starting at midnight.

- Emirates suspends France, Germany, Nigeria and some U.S. flights.

             

I enjoy reading your updates (not the content it brings however) keep them up man

[nutildah]

The only plausible scenario where the stock market ends the next week up is upon news that Trump's stimulation package (heh, heh) is passed by congress. It may still fall regardless.

It will be a real test of the bitcoin "store of value" / "safe haven" narrative.

[lightfoot]

Something I thought of last night: They don't need a test to see if you have the CV. They need a test to see if you have HAD the CV.

[serveria.com]

Here's an article about one of the military units. (In Swedish).

https://www.friatider.se/forsvarsmakten-upprattar-faltsjukhus-coronasmittade

Emm... these guys are not wearing any masks? 

[serveria.com]

- Belgium's lockdown to last at least eight more weeks.

I guess El Duderino should really stock up on wine... 

[sirazimuth]

Who let us all down?
~Snip...lots of  W.H.O's~

Original lyrics by eddie13 3/21/2020..
1vvSrTFiQY7akwbsv3iYPPe9mR3DsEbff
H4ZHgZFelNmB4k02CurGv1Oz2TynFUYA291taCPKo26ffQLSsEtn5bPo6zDm1pppDjTPIWSmSO9vNcM dsHpUhr8=

Remixed..
https://youtu.be/Qkuu0Lwb5EM

I was tryin to sing that to the tune of  "Who are You"  by The Who.

Then I clicked your link and was like "oh man!...I'm old..."

Banned on the Forum

~snip... lyrics sung to some familiar sounding wrinkly-rock song~

Hey man... you forgot to post "apologies to Paul McCartney"

[bkbirge]

Nice feel good article...

https://cointelegraph.com/news/bitcoin-was-designed-for-a-financial-crisis-so-far-its-working-well

There are many who argue that Bitcoin cannot be a store-of-value based on its whipsaw volatility but valuable insight can be drawn from gold’s price action during the 2008 financial crisis.

Gold certainly doesn’t look like a safe haven after a 24% plunge in less than 2 months, even more worrisome is the fact that the S&P 500 remained flat during that period. Therefore, is it really fair to analyze any correlation over such a short period? Does that sharp movement in price invalidate gold’s resilience during market uncertainties?

[Lucius]

The military is setting up MASH units to help the civilian health care.

So, does anybody know if this a first?
I mean, the Swedes have proven the smartest so far in my book, has any other country deployed military style health support?
If the answer is no, that says a lot.

The Croatian Army has set up self-sustaining expeditionary camp in front of the Dubrava hospital in Zagreb two days ago, and they actively assist the health care system through logistical support.

https://seenews.com/news/croatian-army-building-tent-camp-in-zagreb-to-prepare-for-coronavirus-spread-691594
https://www.jutarnji.hr/vijesti/top/koronavirus/foto-sve-je-zavrseno-za-samo-72-sata-pogledajte-fotografiju-iz-zraka-evo-kako-izgleda-kamp-za-prihvat-pacijenata-oboljelih-od-koronavirusa-u-dubravi/10118986/

Another major accident shook Croatia this morning, two severe earthquakes hit the capital and its surroundings, material damage is severe, and one child sustained life-threatening injuries.

https://www.jutarnji.hr/

[Elwar]

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

Whatsat looks promising:
https://twitter.com/joostjgr/status/1190714028626251779

Joost Jager
@joostjgr

Nov 2, 2019
Does instant messaging over Lightning have killer application potential? The world needs censorship-resistant chatting and with Lightning, compensating the network for message relay comes naturally.

https://github.com/joostjager/whatsat

Perfect. Hopefully a nice GUI gets built for this. I wish I had the time to work on it myself, maybe we can integrate it into the Ocean Builders smart home app.

[Cryptotourist]

Is your book a childrens book? Military intervention is a Bad Thing, it means things are so bad the military has become necessary.

Have you ever read a book?
Or is it only youtube and blogs all the way?

Medical military tents, and/or medical military gear, is far from military intervention the way you mean it.
Can actually use the resources for a good cause for a change.

Obviously Sweden, edit: Switzerland, Croatia, can tell the difference.

[Cryptotourist]

I've been compiling a Corona Hits folder for the car, and was astonished to find Marcus used to be an officer:

https://www.youtube.com/watch?v=bvC_0foemLY

[Arriemoller]

Here's an article about one of the military units. (In Swedish).

https://www.friatider.se/forsvarsmakten-upprattar-faltsjukhus-coronasmittade

Emm... these guys are not wearing any masks?  

And the text under the photo tells you that it's a stock photo from the exercise Aurora 17.
https://en.wikipedia.org/wiki/Aurora_17

Aurora 17 was a military exercise that took place in Sweden during a three-week period, from 11 through 29 September 2017.[1] Its main focus was the defence of Gotland.[2] It was Sweden’s biggest military exercise in 23 years and involved troops from the United States and some other NATO countries.[2]

[JimboToronto]

Good morn Bitcoinland
Sixty seventy dollars
(Bitcoinaverage).

Not much more to say
Than what's been said already.
Fuck Covid-19.

[sirazimuth]

No live sport, so now this UK rugby commentator has resorted to commentary tweets on everyday life and its brilliant.

(scroll down for tweet compilation..might be messy on mobile devices... IDK)

[nutildah]

Shit's gettin real:

https://twitter.com/RexChapman/status/1241423796453638145

[Torque]

Nice feel good article...

https://cointelegraph.com/news/bitcoin-was-designed-for-a-financial-crisis-so-far-its-working-well

There are many who argue that Bitcoin cannot be a store-of-value based on its whipsaw volatility but valuable insight can be drawn from gold’s price action during the 2008 financial crisis.

Agree.

Gold certainly doesn’t look like a safe haven after a 24% plunge in less than 2 months, even more worrisome is the fact that the S&P 500 remained flat during that period. Therefore, is it really fair to analyze any correlation over such a short period? Does that sharp movement in price invalidate gold’s resilience during market uncertainties?

Was the public not paying attention that both Gold and Bitcoin have been running up the last few years since they both bottomed? Gold especially never starts a new bull run unless the "insiders" know what is coming down the pipe. They are always ahead of the public by a few years. By the time a market crash comes, Gold has already moved up from it's bottom by at least 25-30%.

Then after a crash is fully over, deflationary assets will take off to try and outrun inflation (or perhaps, because of it). Every. Single. Fkn. Time. Fueled by the Fed's trillions in free money, of course.

Remind me in 10 years, here are my conservative predictions:

By 2030 -
Stock market at another ATH
Gold above $2800/ounce
Bitcoin above $80K
Average new car $30K+
Average 1500 sq.ft. new house $350K+
Oil price? Who the fk knows, the world is swimming in it.

[fillippone]

Nice feel good article...

https://cointelegraph.com/news/bitcoin-was-designed-for-a-financial-crisis-so-far-its-working-well

There are many who argue that Bitcoin cannot be a store-of-value based on its whipsaw volatility but valuable insight can be drawn from gold’s price action during the 2008 financial crisis.

Gold certainly doesn’t look like a safe haven after a 24% plunge in less than 2 months, even more worrisome is the fact that the S&P 500 remained flat during that period. Therefore, is it really fair to analyze any correlation over such a short period? Does that sharp movement in price invalidate gold’s resilience during market uncertainties?

The fact is that Bitcoin has zero correlation with other asset classes.
Said in laymen terms: Honey Badger doesn't give a fuck.
I won't comment again my own theory about "mining capitulation" induced dump in bitcoin, only to be reinforced by general asset classes crash. So Bitcoin capitulation started for reasons all inside the bitcoin "ecosystem" only to be later reinforced by general market crash.

Bitcoin going down because other asset classes crash (Equity, Debt and Gold) going down could lead you to think that bitcoin is still used as a gambling tools by many.
Trading bitcoin has low correlation to other asset classes and high volatility, this is a wonderful instrument for scalping (beware: this doesn't mean in any way it is a profitable strategy to scalp on bitcoin).
So, despite the digital gold is the best narrative I can think of while dealing with bitcoin, this proved to still be a narrative, not supported by data and market evidences.

Actually, if you want to have a ray of light, you can think that bitcoin is not the one you observe on the exchanges.
As beautifully pointed out by @Plutosky on the Italian board, bitcoins used for trading are only a minuscule part of the whole bitcoin used out there.

If bitcoin would have been a pure gambling tool, given the enormous swings during the last days we would have seen a great surge in  bitcoin transactions and a subsequent rise in transaction fees. Ok, we observed a rise in both metrics, but nothing comparable to what would have happened if we had observed a "rush" to the exchanges to trade bitcoins. We observed a few weak hands running to convert into Fiat, a few buying) but the vast majority of hodlers kept on...hodling.

If we look at LN statistics we see that the allocated bitcoins in LN are almost unchanged. Sign that no one thought their precious coins were at risk committed to a LN channel.



Number of allocated BTC coins actually slightly increased over the market dump: sign that the LN user didn't think their coins were at risk being committed to a channel instead of rushing to a fiat exchange.

So, don't infer anything about bitcoin only looking at the price: the price is one of the many aspects of bitcoin, but there is much more to deal with than price.