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

[jojo69]

Steve Mnuchin were going to pump 6 Trillion into the economy .. say whatttttt!!!!

and of course it all filters through his cronies at the big banks and bailoutcorps first so they can harvest any real value before the inflation is felt

[Phil_S]

Who will buy stocks today?

[Hyperjacked]

Who will buy stocks today?

I never buy stocks again...

[jojo69]

Who will buy stocks today?

I doubt any of us expect this stock pump to last long.  What will be instructive will be if BTC and gold follow when the next inevitable plunge occurs.

[Febo]

$6.6k broken 

Pointless when USD is getting worthless.

[BitcoinGirl.Club]

Good afternoon WO!
Observing @ $6,237
We are still over $6k

[John Abraham]

Infinite money printer go brrr.

This is evidently good news for Bitcoin.

LMFAO

[BitcoinGirl.Club]

What's new with Trump again?

[Last of the V8s]

He's single-handedly made the S&P go down since he started.
 

[Last of the V8s]

I missed this earlier, looks intriguing

    LN Markets is a Lightning Network application for derivatives trading
    Leverage your sats in a trust-minimized environment
    No email or registration, connect your funds instantly with your Lightning Wallet (Phoenix, Blue Wallet, Joule, etc.)
    This is just the beginning: the Lightning Network will be used as a settlement rail by all leading financial institutions

[psycodad]

It could be worse, he could have sent the army to bring democracy to some far flung place.

But on a serious note: I really wonder for how much longer the American people will let an obvious morbus pick patient run the show.

[Last of the V8s]

[julian071]

Second day of less deaths and first day of less new infections here in The Netherlands. Hope we keep this up. We have no lock down yet, and going out on the motorcycle is truly amazing right now, hardly any traffic and hardly any cops. Will treasure this memory forever.

As a famous Dutch philosopher once said: "Every disadvantage has it's advantage (Elk voordeel heb zijn nadeel)".

[MERlT]

He's single-handedly made the S&P go down since he started.
 

Dow having it's worst month since 1931

[Arriemoller]

Actually good advise https://youtu.be/T2zCQB_pOjM

[Phil_S]

I really wonder for how much longer the American people will let an obvious morbus pick patient run the show.

He's not exhibiting "personality change" nor "hostile social conduct towards family members".

Biden has dementia for sure, so it's not like he's a better choice.

[psycodad]

Second day of less deaths and first day of less new infections here in The Netherlands. Hope we keep this up. We have no lock down yet, and going out on the motorcycle is truly amazing right now, hardly any traffic and hardly any cops. Will treasure this memory forever.

As a famous Dutch philosopher once said: "Every disadvantage has it's advantage (Elk voordeel heb zijn nadeel)".

Just make sure you don't fall of the bike and possibly need medical assistance, that is exactly what this all is about.
It's not only about not getting the bat flu bug only, it's generally about avoiding to need medical care right now. In best case for you, you take the bed from someone needing it, in worst case you don't get the treatment you'd get in regular times.

I've been on racetracks when young (ages ago), I understand the fascination of having your knee on the tarmac at 200km/h totally - but still #StayAtHome and possibly save a fellow Dutch's life!

[julian071]

He's single-handedly made the S&P go down since he started.
 

Dow having it's worst month since 1931

The orange guy wasn't doing particularly well even without this crisis anyway. His besties Barack and Bill were doing better. https://www.macrotrends.net/2481/stock-market-performance-by-president.

[Arriemoller]

Estimating death rate... I think South Korea's numbers are most reliable, since they don't have authoritarian censorship culture, but they DO have LOTS of test kits available.

https://www.reuters.com/article/us-health-coronavirus-southkorea-toll/south-korea-reports-fewest-new-coronavirus-cases-since-february-29-peak-idUSKBN21A043

The Korea Centers for Disease Control and Prevention (KCDC) said there were 64 new cases on Monday, taking the national tally to 8,961. The death toll rose by one to 110.

110 out of 8,961 is about 1.23%.

Wrong formula. It's death/(death+cured). Which still doesn't look bad, in their case.

Would you just stop it with your home made non sense bullshit formula already.

[Torque]

Welp, it's over. The Japanification of the U.S. is now underway...

https://www.cnbc.com/2020/03/23/fed-announces-a-slew-of-new-programs-to-help-markets-including-open-ended-asset-purchases.html

"The Fed also will be moving for the first time into corporate bonds, purchasing the investment-grade securities in primary and secondary markets and through exchange-traded funds. The move comes in a space that has seen considerable turmoil since the crisis has intensified and market liquidity has been sapped."

“Fed policy is shifting into a higher gear to try to help support the economy which looks like it is in freefall at the moment,” wrote Chris Rupkey, chief finacial economist at MUFG Union Bank. “The central bank is shifting from being not just the lender of last resort, but now it is the buyer of last resort. Don’t ask how much they will buy, this is truly QE infinity.”