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

[VB1001]

Privacy Advocates Are Sounding Alarms Over Coronavirus Surveillance

As the coronavirus pandemic spreads across Asia, nations leveraged significant surveillance networks to trace the virus’s spread and forced governments around the world to weigh the trade-offs of public health and privacy for millions of people. Now, recent reports say the U.S. government is in talks with controversial surveillance and data gathering companies to enlist them in addressing the coronavirus crisis, signaling an escalation in the use of surveillance tools.

https://www.coindesk.com/privacy-advocates-are-sounding-alarms-over-coronavirus-surveillance

Every time governments say: It is for your safety, you are losing a part of your freedom.

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[JayJuanGee]

@ArminVanBitcoin
Most people think the last rally was 20X. #bitcoin didn't rally from $1k to $20k. It rallied from $200 to $20K = 100X. We are now at the $400 level of 2015. 🚀
https://twitter.com/arminvanbitcoin/status/1243158415729471488?s=21

Since we seem to be in a somewhat liquid situation (current status, and questions about if the bottom is in), I remain somewhat unclear regarding what our reasonable jumping off point would be at this point in time for our current projected exponential cycle.  

Personally, I had assessed the 2015 starting off point as $250 (rather than $200), in part because we spent a decent amount of time bouncing in around that $250 price before the 2 year rise from about October 2015 to December 2017, which I have ended up assigning a 78x, as what I would consider a fair representation of the bottom to the top.  Of course, we did visit sub $200 on at least two significant occasions during that 2015 bottom, which was both January 2015 and late August 2015.

Regarding our current, bouncing off price point, I was kind of debating where reasonably (and fairly) that might be, and before our current price crash to $3,850, I had been thinking around $4,200-ish, even though sub $4,200 might have been more fair, yet it seems that my dilemma about sub $4,200 may have been resolved with our retesting a bottom that reached $3,850.

If that current bottom of $3,850 ends up holding, then $3,850 may be a decently fair number for an overall bottom (or jumping off point), even though we did experience a real low at $3,124, it does not seem that we spent a whole hell of a lot of time in the sub $3,850 territory, and currently, I am not really sure if it would be fair to ascribe anywhere in the $3,850 to $4,200 price area as a fair launching off bottom either...

Probably, ultimately, my current point is that it seems to be a bit too early to decide what would be our fair launching off bottom, until we are sure that the bottom is in as a product of both time and quantity.  

Otherwise, I agree with the overall sentiment of ArminVanBitcoin, that our current price seems to be at some point higher than our likely to be starting off point, and we are likely going to have a decently high exponential growth in BTC prices in the coming years, maybe again lasting a couple of years before getting to the top.. not sure if late 2021 has reasonably been put further off, and of course, we have already witnessed that the specific curves of each of these exponential BTC price rises does NOT end up playing out exactly the same, even if they end up having a lot of areas of overlap (which is I suppose what PlanB is describing as co-integration).

Yet ultimately, I am thinking that we are likely to be quite less than 78x this time around, and 30x to 50x seems to be somewhat more reasonable, given BTC's ongoing greater maturity, which for calculation sake would bring our next top anywhere between $120k-ish and $200k-ish. Of course, we have been seeing some numbers that go much further and even close to $500k, which would put the top over 100x, which seems a bit much to me, but we also know that BTC does have past patterns of overshooting even the most reasonably bullish of expectations.

Don't get me wrong.  If all of this ends up being wrong, and we just have some minor boost that fucks up the various theories and patterns, then I still am going to be financially and psychologically o.k. with that, too... .. The models and patterns still seem to be quite convincing in terms of likely ongoing good times ahead for sat stackers and hodlers.

[JayJuanGee]

I give this thing another week.

Italy numbers found to be fraudulent:
"anyone who dies is tested, and if coronavirus is present, the person is counted as a CORONAVIRUS DEATH, even if they died from cancer, or a head injury, or… seasonal H1N1 flu."
https://www.barnhardt.biz/2020/03/24/wait-just-a-damn-minute-italian-figures-are-with-not-from-coronacold-19/?fbclid=IwAR05pzTAGfVEkg25tHDKyRDtCfhYgj9_EyCfiyQTwGbzkh8PGutoXmKXX-0

In recent times, there seems to be some additional (and deserved skepticisms) regarding how the numbers are counted and the extent to which the methods of counting are consistent, and surely we had problems in some other places that tests were not even being done and numbers were not being accurately reported...

I doubt that we even have to proclaim that one area is fraudulent or deceptive, even if they may have been employing different counting methods or even seemingly (relatively speaking) exaggerating or undercounting of the death attributions and/or other related statistics. 

Of course, some news outlets are guilty of the same lack of fair reporting and representations by exaggerating data in one way or another... or even coming to poor/misleading conclusions based on bad, inaccurate or insufficient data.

[Toxic2040]

-img snip-

Privacy Advocates Are Sounding Alarms Over Coronavirus Surveillance

As the coronavirus pandemic spreads across Asia, nations leveraged significant surveillance networks to trace the virus’s spread and forced governments around the world to weigh the trade-offs of public health and privacy for millions of people. Now, recent reports say the U.S. government is in talks with controversial surveillance and data gathering companies to enlist them in addressing the coronavirus crisis, signaling an escalation in the use of surveillance tools.

https://www.coindesk.com/privacy-advocates-are-sounding-alarms-over-coronavirus-surveillance

Every time governments say: It is for your safety, you are losing a part of your freedom.

+1 WOsMerit

Its so much worse than you think.

Between December 2018 and July 2019, the FluSense platform collected and analysed more than 350,000 thermal images and 21m non-speech audio samples from the public waiting areas.

https://www.siliconrepublic.com/machines/coronavirus-coughing-detecting-device

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Freedom is just another word for nothing left to lose.

[jojo69]

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? 

Yeah, that kind of fizzled I know, never got enough response to justify setting up a run.

I should send the prototypes out to the folks that expressed the most interest.

[LFC_Bitcoin]

Cheers

[julian071]

I see a lot of fear here about incorrect data about Corona. I like how the Dutch CDC (called the RIVM) does things. Daily update including all the numbers and the explanation of those numbers. See https://www.rivm.nl/sites/default/files/2020-03/Epidemiologische%20situatie%20COVID-19%2026%20maart%202020.pdf for today's numbers. Seems in NL, thing are getting under control with the 'intelligent lockdown' measures.

Edit: Cheers!!!

[jojo69]

[Toxic2040]

Good morning all


Bitcoin is trading on decreasing volume in the $6.6k range as we dip into the Cloud testing support levels. Change appears to be on the horizon.

1h


Honey badger continues to prowl sideways while testing resistance levels at the tenkan-sen.
4h


Support is still clinging to the kijun-sen as the trading range continues to narrow.  #dyor
D

#stronghands

[vroom]

Cheers

is this a Cacodemon on your hand or have I played to much doom eternal recently?

[LFC_Bitcoin]

Cheers

is this a Cacodemon on your hand or have I played to much doom eternal recently?

Correct

[bkbirge]

For some reason reading that quote I hear it in Charles Bukowski's voice.

[bkbirge]

Now this is bullish to me...
https://cointelegraph.com/news/bitcoin-fares-well-against-fiat-currencies-but-its-in-a-class-of-its-own

“Some experts misguidedly confuse price with purchasing power, i.e., they believe that a currency’s purchasing power is directly expressed by its USD value. In fact, Bitcoin’s purchasing power has risen as steadily as the dollars’ has fallen. Since the start of the 20th century, a single dollar’s impact on the material flow of goods and services in the world has steadily declined. Bitcoin’s impact on wealth and the flow of capital is becoming more powerful every day, as the engineers and entrepreneurs in our space continue to build out its spending infrastructure.”

[VB1001]

-img snip-

Privacy Advocates Are Sounding Alarms Over Coronavirus Surveillance

As the coronavirus pandemic spreads across Asia, nations leveraged significant surveillance networks to trace the virus’s spread and forced governments around the world to weigh the trade-offs of public health and privacy for millions of people. Now, recent reports say the U.S. government is in talks with controversial surveillance and data gathering companies to enlist them in addressing the coronavirus crisis, signaling an escalation in the use of surveillance tools.

https://www.coindesk.com/privacy-advocates-are-sounding-alarms-over-coronavirus-surveillance

Every time governments say: It is for your safety, you are losing a part of your freedom.

+1 WOsMerit

Its so much worse than you think.

Between December 2018 and July 2019, the FluSense platform collected and analysed more than 350,000 thermal images and 21m non-speech audio samples from the public waiting areas.

https://www.siliconrepublic.com/machines/coronavirus-coughing-detecting-device

-----
Freedom is just another word for nothing left to lose.

"A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed"

[Raja_MBZ]

[OutOfMemory]

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

100% my life.
And that note-it-down thing is whatever doctor/therapist advised to me, until he got to know me better  

working memory is a bitch. You can be intelligent as Einstein, it doesn't matter, bc you benefit much less from your IQ, you can't organise the "results" efficiently.
You come off a little dumb to most normal people, which is good in some way, makes you feel less alienated in company of simpleheads.

What up BTC?
Sideways, then paaamp, break $7k and dimple around between $7k and $7.5k for a while?
Still waiting for that tax refund, but maybe i'll never get some, because economy tumbles into a black hole of Covid19...

EDIT: HEY, I'M A MEMBER NOW  



(Still a newbie at photoshop editing LOL)

[LFC_Bitcoin]

UK Chancellor just said self employed people will get up to 80% of their earnings but we have to wait until June.
It’ll be a 3 month pay out back dated to now so 3 x 80% what you earn.

It’s a good thing I have a couple of streams of income.

What would, for example a self employed electrician do who isn’t getting any jobs now. ‘Don’t worry, we’ll pay you in June’.

All this whilst teachers are off work until September on 80-100% pay. Farcical by the UK Government.

[JayJuanGee]

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

Probably a lot of peeps understand some of the complexities of keeping a lot of checklists and frequently deviating from the checklists, but then realizing that you have not got shit done from your various checklists regarding what are supposed to be the more important tasks to accomplish.

Part of the reason that the items were put on the checklist was in order to prioritize them getting done.

So, yeah, likely the checklist maintenance, use and keeping track of just get exacerbated with MOAR and MOAR elderly status.... part of the reason that even the potentially smartest of bitcoiners prefer to have some improvements in the various bitcoin interfaces...

Surely some of the most powerful tools in bitcoin (and technology) require some decent abilities to both know some of the technical matters but also sometimes abilities to juggle a variety of technical matters without screwing too many things up.. None of us really would want to become a victim of our own various incompetencies and lose some or all of our bitcoin because of such human error difficulties (which I understand that human error seems to be a pretty damned BIG aspect in regards to peeps losing their coins.. and many of us have probably had some holes in our game in terms of both keeping track and even various passing on to heirs preparations).

[Phil_S]

UK Chancellor just said self employed people will get up to 80% of their earnings but we have to wait until June.
It’ll be a 3 month pay out back dated to now so 3 x 80% what you earn.

It’s a good thing I have a couple of streams of income.

What would, for example a self employed electrician do who isn’t getting any jobs now. ‘Don’t worry, we’ll pay you in June’.

All this whilst teachers are off work until September on 80-100% pay. Farcical by the UK Government.

Chancellor on the brink of another bailout?

[LFC_Bitcoin]

UK Chancellor just said self employed people will get up to 80% of their earnings but we have to wait until June.
It’ll be a 3 month pay out back dated to now so 3 x 80% what you earn.

It’s a good thing I have a couple of streams of income.

What would, for example a self employed electrician do who isn’t getting any jobs now. ‘Don’t worry, we’ll pay you in June’.

All this whilst teachers are off work until September on 80-100% pay. Farcical by the UK Government.

Chancellor on the brink of another bailout?

Probably.

Thousands of lower earning self employed people aren’t going to be able to afford to live very soon.