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

[DaRude]

Is there anything to this?
https://cointelegraph.com/news/why-todays-btc-difficulty-adjustment-may-cause-the-price-to-plunge

No, supply is set in algorithm, and demand couldn't care less about current difficulty level.

[1714853678]

1714853678

[jojo69]

I mean, unless difficulty drops so precipitously that idle mining power could conceivably mount a 51% attack,

vanishingly unlikely now, slightly less vanishingly after the halving.

[Hueristic]

If you start to get bad memory, and you realize that you are getting bad memory, wouldn't you have to change some of your procedures such as writing things down more?

It's tons of fun having piles of lists that you always forget to bring.
Actually you can re-use them again, just edit and then forget to use them over and over again.
Or on the off chance you do remember to bring one its always fun to be on the way back home only to remember you forgot to check the list thats in your pocket. Lol

[sirazimuth]

Plus I can work on some home projects undisturbed if I get bored and run out of work.
Bitcoin rounds anyone?  lol

yes please

Workin on it bro.....

[Biodom]

Of all the things I lost in life I miss my mind the most.

I'm on track, any word of advise, before I go full wacko?

Learn to accept the fact you cannot always trust yourself. That is a brutal thing to deal with if you have had rote memory your entire life and then its not dependable. Alot of people turn mean at this point and refuse to admit when they are wrong and I have certainly been guilty of that myself, especially when you forget that you forget.

If you start to get bad memory, and you realize that you are getting bad memory, wouldn't you have to change some of your procedures such as writing things down more?

If you have bad memory, there is always something new.

[jojo69]

Workin on it bro.....

fuck  un  ayy


 

[bitserve]

No point to enter the stock market until AMZN is also down 40-50% from the top.
I am 80-90% sure that there will be no exceptions longer term.

But... Isn't current scenario and, even more, post-covid one like the perfect environment for Amazon to have even more success?

Basically all their divisions are in a surge:

- Distribution and online selling of all sort of goods
- Cloud computing (AWS)
- Video streaming (Amazon Prime Video)
- Food distribution (Whole Foods)

It is like the perfect company for times like this.

While everyone is closing/firing they are hiring instead:

https://thehustle.co/03242020-amazon-hiring-labor/

[marcus_of_augustus]

NY city morgues at capacity.
https://www.politico.com/news/2020/03/25/dhs-briefing-nyc-morgues-near-capacity-148259
... snake bites. (or SARS-infused ferret bites?)

A report from Madrid where they commandeered an ice-rink (currently not used). Do they simply stack the bodies, literally "on ice",until they can catch up with funerals, cremations, autopsies, etc? Thought that was highly creative, if a little morbid.
https://www.aljazeera.com/news/2020/03/spain-makeshift-ice-rink-morgue-takes-delivery-corpses-200324115155671.html

Authorities said on Monday facilities could not cope and agreed to transform the Palacio de Hielo mall, home to an Olympic-sized ice rink, into a morgue.

Footage from Reuters TV showed vehicles at the building cordoned off by police officers in masks.

I think that qualifies for the funeral home share app prize winner.

[marcus_of_augustus]

Largely the way the virus gets into the high-mortality figure range is when systemic failures are exploited. Poor testing, slow reactions from officials on border closures, hospital resource expansion, equipment procurement, basically a lack of foresight and moribund bureaucracy is what is killing people now. The virus is simply the mismanaged agent of death. The financial systems are fucked right now but they weren't in great shape under the hood to begin with ... bitcoin is the antidote for those rats.

I'm encouraged by the innovative approaches that blows away the old ways to save lives. The drive-thru testing from S.Korea that is getting adopted globally, antibody testing by private labs, Apps for disease tracing and an informed public "crowd-sourcing" for where the disease has been spotted (instead of old and slow press conferences with parade-leader politicians and health bureaucrats). Ice-rink morgues are another innovative solution to surge disruption bought on by the virus, hopefully if it is better managed at the prevention/mitigation end we wont need too many of them.

[jojo69]

spending the evening money laundering




like, literally, washing bills

the soak water gets fucking nasty man

[bitserve]

NY city morgues at capacity.
https://www.politico.com/news/2020/03/25/dhs-briefing-nyc-morgues-near-capacity-148259
... snake bites. (or SARS-infused ferret bites?)

A report from Madrid where they commandeered an ice-rink (currently not used). Do they simply stack the bodies, literally "on ice",until they can catch up with funerals, cremations, autopsies, etc? Thought that was highly creative, if a little morbid.
https://www.aljazeera.com/news/2020/03/spain-makeshift-ice-rink-morgue-takes-delivery-corpses-200324115155671.html

Authorities said on Monday facilities could not cope and agreed to transform the Palacio de Hielo mall, home to an Olympic-sized ice rink, into a morgue.

Footage from Reuters TV showed vehicles at the building cordoned off by police officers in masks.

I think that qualifies for the funeral home share app prize winner.

It may sound weird at first, but it makes sense. In lack of a better solution, NYC has the rink at Rockefeller Center and probably many others across all the state.

Also, instead of building an hospital from scratch like Wuhan did in 10 days. Madrid just repurposed IFEMA Convention Center into a 5000+ bed Hospital in just 2 days:

https://elpais.com/elpais/2020/03/22/album/1584868312_266377.html

That is just one of MANY pavillions of the complex. Also the repurposed rink morgue is very close to it.


On other news, Mexico's President is completely nuts. In a hilarious video staged on some kind of restaurant he encouraged their citizens to go out and socialice even more than ever... because it is good for the economy.

“Don’t stop going out—we’re still only in phase one,” López Obrador said. “If you have the means to do it, continue taking your family out to restaurants and diners. That’s what will strengthen the economy.”

(In original Spanish it sounds much more encouraging... and hilarious)

Maybe he is a Slayer relative?

[LUCKMCFLY]

Interesting...

Post-Bitcoin:
CBDC and MMT are going towards the Economic Solution against Coronavirus. https://feeco-saito.jimdofree.com/reencryption-currency-1/

Source: https://twitter.com/makotosaitoh2/status/1243022198987583489

[Paashaas]

Coronavirus Cases: 475,415. Deaths: 21,318. Recovered: 117,247. Affecting 198 countries and territories.

- Mali becomes the 44th African country to confirm Covid-19.

- The death toll in France is much higher than the daily government tally, which only accounts for those dying in hospitals, a senior French health official said.

- UK shuts parliament Wednesday night.

- Cairo, a city home to some 20 million people, shut down on Wednesday evening.

- Death toll in Spain surpasses China. 736 deaths in one day, total of 3,647.

- Prince Charles tests positive.

- Spanish deputy prime minister Carmen Calvo tests positive.

- Countries are starting to hoard food, threatening global trade. Kazakhstan banned exports of wheat flour, carrots, sugar and potatoes. Serbia has stopped the flow of its sunflower oil and other goods. Russia is leaving the door open to shipment bans.

- U.S. reported 14,024 new cases and 265 new deaths, raising the total to 69,047 cases and 1,046 deaths.

- US agrees $2 trillion emergency bill, stimulus package is project to reach $6 trillion dollars.

- 200 NYPD cops have tested positive.

- Tokyo implements lockdown.

- Belgium sees 50% increase in hospital admissions.

- The rate of new infections in Italy slows for a fourth day.

- Singapore and Tokyo report largest daily jump in new cases.

- Switzerland tightens borders.

- Nigerian army prepares for lockdown.

- Bank of Spain warns about economic fallout.

- Bulgaria has imposed a temporary entry ban on trucks from more than 65 countries that plan to pass through the Balkan state and route to Turkey.

- China has raised concerns among the public that people could still be spreading COVID-19 without knowing they are sick. The end of the lockdown will release thousands of infectious people back into circulation.

- India's huge outsourcing industry struggles with work-from-home scenario. Supply chains will be disrupted.

- Health experts warn that Indonesia is primed to become a new epicenter.

- Nearly one million Canadians applied for jobless claims last week.

- Negative rates come to the US: 1-month and 3-month treasury bill yields are now negative.

- Uganda said it had closed its borders to all new refugee arrivals.

- Pentagon orders high security level at all military installations worldwide.

- Mexico will suspend non-essential activities. Mexicans fear looting spree as shops robbed.

- Singapore heading for deep recession.

         

[Ibian]

Is there anything to this?
https://cointelegraph.com/news/why-todays-btc-difficulty-adjustment-may-cause-the-price-to-plunge

Yes. It is a repeat of what people said at the previous halvening, and what they will say at the next.

[Icygreen]

For the sake of following governments action, this was translated from Russia. They are running this message on every channel across the country.

Russia announced their immidiate solutions to corona virus spread and economic losses.
65 years old plus are quarantined to stay inside.
Basic income will be issued to those who've lost work and or supporting families. 12k ruble ($218 CAD) per month and another 5k ruble for each child.
Those who lost jobs will not pay tax for 6 months. Mortgage payments will be put on hold.
Sending money offshore will be taxed 15%.   
All persons with 1million ruble + (approx 18k CAD) in their bank are to pay a 13% tax on the balance.
Citizens are required to bring supllies to those affected by the 65+ quarantine.
He goes on to assure the people that the government is taking measures to benefit all.

In other news, I see the US FED will airdrop $1,200 to its citizens.
Money printer go Brrrrrr....

[ChuckBuck]

All persons with 1million ruble + (approx 18k CAD) in their bank are to pay a 13% tax on the balance.

He goes on to assure the people that the government is taking measures to benefit all.

Not for all, it is for most of their people, except for the rich who are taxed on 13% of their property  Although it is good for the community, but I feel that it's unfair, LoL

In other news, I see the US FED will airdrop $1,200 to its citizens.
Money printer go Brrrrrr....

Is this....

- US agrees $2 trillion emergency bill, stimulus package is project to reach $6 trillion dollars.

Bulk money printing, will inflation happen?

[jojo69]

spending the evening money laundering
like, literally, washing bills
the soak water gets fucking nasty man

Why not put in oven at 158 degrees F for 30 minutes (or something close to there) ? Works for sterilizing masks, without wrecking structural integrity.

https://iheartintelligence.com/stanford-researchers-n95-masks-sterilized-reused-low-temperature-heating/

I dunno, it sure comes out looking nice this way

been ironing them to dry, they look all clean and crisp



so, 13% haircut if you have more than $15K in the bank, seems like a pretty good argument for Bitcoin to me

[Icygreen]

Plus I can work on some home projects undisturbed if I get bored and run out of work.
Bitcoin rounds anyone?  lol

yes please

Wait a minute, belt buckles and book ends sir? 

[JayJuanGee]

so, 13% haircut if you have more than $15K in the bank, seems like a pretty good argument for Bitcoin to me

Who is proposing that?  Link or it didn't happen.

[Icygreen]

so, 13% haircut if you have more than $15K in the bank, seems like a pretty good argument for Bitcoin to me

Who is proposing that?  Link or it didn't happen.

Here's a link. https://www.rt.com/news/484073-putin-coronavirus-emergency-plan/

"Russians who have money in bank accounts and have invested in equities over a certain threshold will have to pay income taxes on their revenues – this previously came under an exemption.

The tax on corporate dividends paid to foreign jurisdictions will get a hike from two percent to 13 percent."

It's not written here the same way it was translated to me. I dunno, just the messenger.