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

[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.”

[julian071]

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.”

Great way to help the rich, just buy their stocks for a good price, and support the stock prices! Surely money well spent. I'm sure it will trickle down to the real economy one day.

Edit, one thing tho , this kind of QE has proved to not do much for inflation. Most probably because the money does not trickle down to the real economy...

[Torque]

It will definitely trickle down to the real economy, just like it did 2009 - 2019.

During that time they managed to keep a lid on food prices, gas prices, and some services, but literally *everything else* skyrocketed: houses, student loans, new cars, new phones, utilities, phone bills, health insurance, etc. And that was all during a period of global deflation!

You can't have all those things skyrocketing while people's salaries remain stagnant over the same period. That's inflation (actually stagflation) and that's why people feel poorer and poorer over time.

It's going to be even worse over the next decade. MUCH worse.

[Cryptotourist]

It's going to be even worse over the next decade. MUCH worse.

 

[xyzzy099]

It will definitely trickle down to the real economy, just like it did 2009 - 2019.

During that time they managed to keep a lid on food prices, gas prices, and some services, but literally *everything else* skyrocketed: houses, student loans, new cars, new phones, utilities, phone bills, health insurance, etc. And that was all during a period of global deflation!

You can't have all those things skyrocketing while people's salaries remain stagnant over the same period. That's inflation (actually stagflation) and that's why people feel poorer and poorer over time.

It's going to be even worse over the next decade. MUCH worse.

I'm not sure it did trickle down...

In the same bill where congress approved $800B+ in 'fiscal stimulus', they also approved a measure that allowed the fed to pay interest to banks on excess reserves.  Until this time, banks naturally kept excess reserves as close to zero as possible; however, as soon as they started making money off them, reserves skyrocketed.  In the graph below you can see that shortly after the 'fiscal stimulus', the excess reserves climbed to over $800B almost immediately.  Coincidence?  Maybe    They continued to climb, and are still very high:

[Toxic2040]

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!

This is the fact that many dont appreciate. Great advice.

+1 WOsMerit

[fillippone]

BREAKING: Diagnosed coronavirus cases in New York state soar to more than 20,000.

NEW YORK HAS 20,875 CORONAVIRUS CASES, UP 5,707: CUOMO
Gov. Cuomo reports 20,000+ coronavirus cases in New York state, orders all hospitals to increase capacity by 50%.
N.Y. now accounts for 5% of all cases worldwide
12,305 of state cases are in NYC
N.Y. officially in a stay-at-home decree
New York Gov. Andrew Cuomo says testing is also on the rise, with 16,000 tests now conducted per day.


Coronavirus live updates: More than 20,000 diagnosed in New York state

Insane.
Prepare for a nice months-long lockdown in NY

[lightfoot]

Edit, one thing tho , this kind of QE has proved to not do much for inflation. Most probably because the money does not trickle down to the real economy...

I wonder if this is like 2008, where the "money" being put in is just filling the already existing invisible hole that no one likes to talk about (sometimes called value, or goodwill). Back in the old days of Jan everyone would somewhat trust each other, and money should include the value of that trust. With that trust gone they're simply replacing it with dollar bills.

Now when people finally stop trusting the little slips of paper is when it gets interesting. Trust in a govt's currency is based on trust in the government (unlike say trust in math). If the govt is run by a complete moron and his moron friends then that trust could go away.

Bitcoin so does not have this problem.

[nullius]

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.

The orange guy wasn't doing particularly well even without this crisis anyway. His besties Barack and Bill were doing better.

Are you folks seriously arguing that you can taste the difference between Coke and Pepsi?

...I’d take Tweedledum.  No, wait—Tweedledee.  No—  I can’t decide!

I think the correct choice is neither.

Or do you actually believe that your preferred brand of flavoured sugar-water would avoid hyperinflation by telling people that, no, you can’t have infinite free money.  ← deliberately punctuated with a full stop.

Infinite money printer go brrr.

https://www.cnbc.com/2020/03/23/fed-announces-a-slew-of-new-programs-to-help-markets-including-open-ended-asset-purchases.html
[...]
“...truly QE infinity.”

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

Incredible times we are living in:

So the FED just went full Zimbabwe .. less than 50 days until the halving?!!! Chart updated @ BTC $6300Rocket

[JayJuanGee]

#metoo

Note:  Ironic that you, Turist-murist, are suggesting that my interaction regarding that drama-queen diptwat, aka lambiebambie, differs based on whether he is currently posting or not?  Yeah right.  

Help me out JJG.
I'm desperately trying to find what the fuck that "murist" could ever mean.

Right.

Well, thanks for asking.  

Just a rhyme...  and maybe at best be a shortening pun on the word "muralist"   The rhyming part was the most important to me, rather than any specific meaning.

You seem to be letting your defensiveness turn to offensiveness, and that is largely your issue... including your battle with Marcus farcus... I give two shits about such battle, but you seemed to have concluded that I was taking the side of marcus farcus merely because we both view the slayer wannabe as a dweeb and for some strange reason, that may only be known by you, you seem to want to defend that turd.

Same thing when I imagined you strapped in the straight jacket, in my earlier post.. that was merely a joke.. who fucking cares?  But you did not comment because you were reading too much into the funzies... that did not even seem to shed any bad light upon you. These are the interwebs where we should NOT be getting too caught up in sometimes ambiguous puns, even sometimes personal ones...

Sure, I sometimes get a bit irritated by some troll / shills, but I really doubt that much if any of my irritation is on any kind of personal level.... yet there might be some difference of opinion regarding whether someone is a troll shill or whether they are genuinely attempting to post substance and grapple with actual ideas rather than to some weird ass agenda that may or may not be sponsored... sure some troll/shills actually believe the shit that they put out... but, there surely are likely to be differing assessments about whether someone is an actual genuine poster or some troll/shill.  

I am prepared to go to battle mode, if seemingly reasonable within my own discretion, but I'm currently thinking that likely no battle mode is currently necessary, under current circumstances....  ..    time will tell.

"murist"

baby talk

eg 'bitty-witty coiny-woiny'

wasn't there a character in Blackadder, a queen or something, who talked like that? so, womanly talk too maybe (baby)

@V8:  You are too smart for your own good.  You must be taken out.

"murist"

baby talk

eg 'bitty-witty coiny-woiny'

wasn't there a character in Blackadder, a queen or something, who talked like that? so, womanly talk too maybe (baby)

Fucking great, having JJG calling me a baby faggot queen, is just surreal. Again.

Challenging times indeed.
Thanks V.

Yous gots to get ur lil selfie a grip...  

for reals, mate....  

[JayJuanGee]

i got a bad feeling about this drop

edit

meh ~5900

For now, a bullish scenario for a jump to $7,xxx seems to be developing. If the price holds of course.

That surely is worth +1 WO merit... no more no less.  In essence, you seem to be suggesting that the BTC price is destined to go up, in the event that it does end up going up, rather than down or sideways.

Very informative!!!!!  

Generally, you need to be 15 minutes or more in the vicinity of an infected person, within 1-2 metres, to be considered at-risk or a close contact.

That is a ballpark estimate. If you walk by an infected person and he/she coughs at you, you get (effectively) infected within a second.
If said somebody coughs/sneezes in an escalator  elevator, walks out... Almost everybody who is breathing in that escalator  elevator will most likely be infected as long as there are enough contaminated aerosols in the air.
It takes 1-2 viruses on mucous tissue to get you infected. That's why it's spreading like mad, additionally to other factors, like long incubation time.

FTFY  ... escalator is not an enclosed space, but an elevator is... 

Thanks  
Internal dictionary seems corrupted. Will run integrity check asap.

A friend told me (or like the dude says.. I received an e-mail on the topic) that a simple reboot will frequently resolve a lot of those kinds of weird quirks.  (Por supuesto, I would not know this information from actual personal experiences).