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

[Cryptotourist]

Shit's gettin real:

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

Neighbors giving out donuts, just awesome, bless you America.

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[serveria.com]

Bitcoin above $80K

But... but... you're trying to say I'll be too old for the $100k party? Damn... 

[Wekkel]

Nice one, fillippone.
Out of sMerit. Will get back to this one after I scooped up one again.

[Last of the V8s]

US CDC admitted some #COVID19 patients were misdiagnosed as flu during 2019 flu season. 34 million infected & 20000 died. If #COVID19 began last September, & US has been lack of testing ability, how many would have been infected? US should find out when patient zero appeared.

[nutildah]

The fact is that Bitcoin has zero correlation with other asset classes.

Not a fact. Even @aantop recognizes the correlation:



There's other more mathematically sound ways of identifying increasing correlation but they are too cumbersome and boring to reproduce at the moment.

Trading bitcoin has low correlation to other asset classes and high volatility

Low, yes. None, no.

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.

Today's swings are due to more investors using different high leverage options that weren't available in 2017, thus there is no need to move huge amounts of coins around on-chain. BitMEX was around back then but not nearly as many people were using it as today. And now it has several competitors that weren't around back then, as well.

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.

Yes, I do agree with this. And its these fundamental aspects that give bitcoin its value, which I believe ultimately will hold, so long as we still have internet and electricity.

[Torque]

Bitcoin above $80K

But... but... you're trying to say I'll be too old for the $100k party? Damn...  

Not at all. Before 2030 comes I'm almost positive we'll see a spike above that.

What I'm talking about is the low, or sideways, price of BTC will float around ~$80K  in ten years. Or higher.

And by that time asset inflation will have been really really bad.

[Searing]

So it begins, Venezuela closing banks down. Bitcoin buying boosted. Link below.
https://beincrypto.com/bitcoin-buying-boosted-in-venezuela-as-bank-branches-close-down/
You think Trump's printing money and such is silly, wait to you see the fly by night money printing and dubious actions by mostly
third world authoritarian regimes. This is gonna be bad for lots of folks.

[psycodad]

Don't know if its true, but it sounds so british that I am confident it is.

*thumbs-up*

[fillippone]

The fact is that Bitcoin has zero correlation with other asset classes.

Not a fact. Even @aantop recognizes the correlation:



There's other more mathematically sound ways of identifying increasing correlation but they are too cumbersome and boring to reproduce at the moment.

Correlation cannot be observed over a brief crash. If bitcoin and stocks market crash at the same time, this has no (levy little) impact on correlation, that must be observed on long period to be meant significative.

Today's swings are due to more investors using different high leverage options that weren't available in 2017, thus there is no need to move huge amounts of coins around on-chain. BitMEX was around back then but not nearly as many people were using it as today. And now it has several competitors that weren't around back then, as well.

Correct, good point, maybe you are right, but I think volumes of this kind of leveraged trading is not so prominent in total trading amounts.

[VB1001]

We come from here:

JJG https://bitcointalk.org/index.php?topic=178336.msg54071466#msg54071466

Added the links to each page, I have also added some more.

Bitcoin Podcast

- The Bad crypto podcast https://badcryptopodcast.com/

- Bitcoin & Markets https://bitcoinandmarkets.com/

- Bitcoin echo chamber https://bitcoinechochamber.com/

- The bitcoin knowledge podcast https://www.bitcoin.kn/

- The bitcoin network podcast https://thebitcoinpodcast.com/

- Bitcoinmeister https://player.fm/series/2540016

- Bottomshelf bitcoin https://anchor.fm/bottomshelfbtc

- Citizen Bitcoin https://citizenbitcoin.world/

- Crypto & Grill https://www.listennotes.com/podcasts/crypto-grill-cryptoandgrill-szVfuj_FecH/

- Crypto Cousins https://cryptocousins.com/crypto-cousins-podcast/

- Crypto Voices https://soundcloud.com/cryptovoices

- The Cryptoconomy https://anchor.fm/thecryptoconomy

- Fun With Bitcoin https://anchor.fm/funwithbitcoin

- Noded Bitcoin https://noded.org/

- The pomp https://podcasts.apple.com/us/podcast/the-pomp-podcast/id1434060078

- Pov Crypto https://povcryptopod.libsyn.com/

- Rekt podcast https://www.rektpodcast.com/listen-1

- Stephan Livera https://stephanlivera.com/

- Tales From the Crypt https://talesfromthecrypt.libsyn.com/

- Unchained https://unchainedpodcast.com/

- Unconfirmed https://unconfirmed.libsyn.com/

- World Crypto Network https://podcasts.apple.com/us/podcast/the-world-crypto-network-podcast/id825708806

- Bitcoin Podcast https://www.lopp.net/bitcoin-information/podcasts.html

- Blockdigest https://www.youtube.com/channel/UCb53lXz2IzEFT5JNHSbdvPg/videos

- Cryptoconomy https://twitter.com/TheCryptoconomy

- Messari Crypto Podcasts  https://messari.io/resource/crypto-podcasts

- aantonop  https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ

- CoinDesk Podcast Network https://podcasts.apple.com/us/podcast/late-confirmation-by-coindesk/id1414384043

You can summarize every podacst you hear in a post, we will read it carefully.

[bitserve]

Don't know if its true, but it sounds so british that I am confident it is.

*thumbs-up*

It's probably true. We do also have many examples of police doing things like that to entertain the people.

Here's an example:

https://twitter.com/Andrea_DLFA/status/1240037300073115648

Edit, a few more:

https://twitter.com/joancollet1/status/1241672866308984832

https://twitter.com/pereceron/status/1241414109238886400

[serveria.com]

So it begins, Venezuela closing banks down. Bitcoin buying boosted. Link below.
https://beincrypto.com/bitcoin-buying-boosted-in-venezuela-as-bank-branches-close-down/
You think Trump's printing money and such is silly, wait to you see the fly by night money printing and dubious actions by mostly
third world authoritarian regimes. This is gonna be bad for lots of folks.

In fact, it's not just Venezuela... in many countries banks are literally running out of money (cash). Here's when BTC is coming to help... 

[Last of the V8s]

We are going to need bigger guns.

[fillippone]

A new Day, a new restriction in Italy.

Now it is forbid to move out or your local municipality.

Coronavirus, ban on the movement of people from the municipality where they are "except for proven needs"

https://www.corriere.it/cronache/20_marzo_22/coronavirus-divieto-spostamento-le-persone-comune-cui-si-trovano-af7a9136-6c51-11ea-8403-94d97cb6fb9f.shtml

Italy has now closed every non-essential activity.
You can exit from home only in a 200 m radius, for whatever reason, but work and food shopping.
Many supermarkets have now restricted opening hours, in addition only one person per family can enter the shop.

The only last step to be exactly like China is welders on the house doors.

[lightfoot]

We are going to need bigger guns.

How big? .50 cal is about as much as I'd want to handle in a pinch.

[JayJuanGee]

Here are some interesting links for your next radio project :

https://www.lopp.net/bitcoin-information/podcasts.html

Even more podcasts to consider... help, help, help... not enough time in the day.

Blockdigest https://twitter.com/blockdigest https://www.youtube.com/channel/UCb53lXz2IzEFT5JNHSbdvPg/videos

WhatBitcoinDid https://twitter.com/WhatBitcoinDid

Cryptoconomy https://twitter.com/TheCryptoconomy

Messari Crypto Podcasts  https://messari.io/resource/crypto-podcasts

aantonop  https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ

Thanks for narrowing down your recommendations.  I am currently using the Overcast app to listen to podcasts, so I will rarely listen to any podcasts that are not on overcast (except incidentally if an episode is pointed out as notworthy on some other medium).. just makes it easier for me to keep track of it on overcast and I can vary the speed... and just listen to any podcast at my own background playing convenience.

[Wekkel]

Besides people surrounding me IRL, I am glad hanging around here with you guys (and girls) in these trying times.

[Last of the V8s]

btw spare a thought please for a pseudonymous fellow bitcoiner (edit let's call him AV) who has disappeared from a channel I know of. A youngish guy maybe like 32, very friendly European, knowledgable maxi type. By all accounts he was chatting away in channel researching the virus with everyone. One morning end of January he said he was feeling ill. He hasn't been heard from since despite repeated messaging over different platforms. He had had no 'jungle plan' that he's shared and was going to stay in place where he felt well set up. They have doxed him among a select few and will pursue that to check on his welfare, but it seems either very callous of him not to check in or very sad for him and his family that it should come on so quickly.

[VB1001]

Besides people surrounding me IRL, I am glad hanging around here with you guys (and girls) in these trying times.

I have the same opinion.

[VB1001]

We are going to need bigger guns.

How big? .50 cal is about as much as I'd want to handle in a pinch.

Something like this?