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

[bitebits]

Warren Buffett in his 1979 shareholder letter:

Long term results
[...]

“One friendly but sharp-eyed commentator on Berkshire has pointed out that our book value at the end of 1964 would have bought about one-half ounce of gold and, 15 years later, after we have plowed back all earnings along with much blood, sweat and tears, the book value produced will buy about the same half ounce. A similar comparison could be drawn with Middle Eastern oil. The rub has been that government has been exceptionally able in printing money and creating promises, but is unable to print gold or create oil.

“We intend to continue to do as well as we can in managing the internal affairs of the business. But you should understand that external conditions affecting the stability of currency may very well be the most important factor in determining whether there are any real rewards from your investment in Berkshire Hathaway.”

[JayJuanGee]

I just saw that between my two buys from yesterday, with roughly eight hours apart, the transaction code of the bitcoin broker i used was only incremented by 3.
So in 8 hours there were only three other buys! Price wise, i think we might go down for more. Seems almost everybody just watches or lost interest in BTC, from this perspective. I try to tage advantage, accumulation wise, i'm not bearish mid-term at all.

Of course, you are not to the level of Searing in your pessimistic expressions, yet I am still having some trouble how you could conclude either that there is a lack of interest in the buying of bitcoin or that the price is going down from here based on your scanty evidence.  You have a broker, and the broker's bitcoin transaction count is low?  Do you know the history of this bitcoin broker transaction count, and is the transaction count reflective of anything meaningful?

I was looking for similar low timeframes between buys and found the intermediate transaction count (per hour) was way higher than now.
There's only one point that has influenced the count for sure, it's the mandatory KYC registration since beginning of 2020.
This was likely to push down the count, but so low?
However, as it's a national broker, it clearly speaks for lack of buys in my country.
You can only transfer fiat from/to a national banking account OR use exclusive national ATMs. With the latter one needs an id (drivers license) to scan for using the service.

I am not going to argue if the BTC price is going to go down or up from here, and surely there is likely to be some dragging effects on bitcoin in terms of macro considerations of the stock market and the virus situation is not exactly getting better, so in that regard, we might get some additional downward pressures on BTC, but it's price direction is far from guaranteed, even if the stock market and the overall printer go brrrrrr phenomena might not be in the best of condition, either.

Agree. I am not really pessimistic, but optimistic for lower price possibilities or forming of a temporary bottom.
The ultimate breakout of pessimism, imho, was the mindrust accident that happened lately.

EDIT: Hit "save" three times until the "new post" warning disappeared. Now THAT's a transaction frequency i wanna see at the brokerzzz

EDIT2:
Trying to keep it short on the Covid19 topic:
Almost everybody seems to care more about the sick economy lately, instead of questioning it. Really pathetic, imho.
How can one think he is "free" when he (and everbody else) is dependent on inflationary economy, better descibred as wage slavery for most of the participants?

I hear regularly investing Bitcoin folks questioning various bear theories and previously proclaimed FUD spreading is getting some traction, and even questioning whether we are going to either get BTC price growth because of the bitcoin halvening and even questioning if mining could continue to spiral downwards.

And, I am not just talking about in this thread.

It seems so strange to me to find similar levels of hysteria and questioning of the power of king daddy bitcoin, and even assertions that this time is different because bitcoin has never been in such challenging times, and therefore, the stock to flow theories might not play out and bitcoin might really be ded this time.

All seems like baloney to me, and I suppose I am surprised how easily some folks can get shaken out of their coins... or fail and refuse to buy ... or wait for lower prices  that might not come.  

It's like the same talking points played over and over, and they continue to be effective to scare peeps out of their bitcoin...

Some of us did tentatively conjecture that we might end up getting a bit of a front running of the four year fractal, and these price dips and other circumstances seem to either put BTC back on schedule for a normal kind of four year fractal or even a possibility of  little bit of  delay, but I still doubt that the delay is likely to be as grand as various pessimists want to assert.  

Of course, we still do have ongoing dynamic of froth in the shitcoin space, and I have always been wondering if more of that froth has to be shaken out and beat to a pulp before bitcoin resumes on its upward trajectory, and so in that regard, there can be some consideration and questioning about whether the shitcoin space has suffered enough.  Maybe there is going to be another altcoin season... I cannot proclaim to have any kind of meaningful insight about the possibility of another altcoin season, but their performance has been quite parallel to bitcoin in recent times, such as the past few months and maybe even slightly outperforming bitcoin in terms of dollar prices.

Fuck those shitcoins, except to the extent that sometimes we might need to be considering their ongoing pulling effects on bitcoin.. in both price directions.

[Cryptotourist]

OK, so I'm questioning the quarantine request...

- People remain at home.
- Those who are carriers can't spread the virus to other people.
- Those who don't have it can't get it.
- In total isolation with 100% follow-through rate, it would only take 14-28 days for the problem to subside completely.
- Seeing as how that is not a viable alternative, I think 60 days of fairly stringent quarantine measures is reasonable. People do have to go out to get food and supplies, and people do have to be present at workplaces to deliver them.
- Everybody else whose employment is deemed non-essential will suffer financially.
- A relatively large amount of people are going to die from inadequate medical care.

This is the best case scenario.

Do you disagree with any of these premises or conclusions?

- Not a bad idea. For safety sake just in case this is not a total shitshow.
Do you know anyone personally, to have died from COV19? Does anybody know? (talked to my French buddy yesterday, he knew one 70 year old)
- Yes. How about the carriers before this thing went MSM viral? Or after this outbreak has settled.
- Yes and no. Those who don't have it, will eventually get it. This year or the next.
- Yes and no. Define completely.
- Better make that for the rest of the year, just to make sure that we're all safe.
- Definitely yes. Just because.
- Unfortunately yes. It is a shit world that we live in.

My thesis is that we all (most of us anyway) have COV already. And if we don't have it, we will definitely get it. Maybe not the latest mutated strain, but what ever.
This is how pandemics work imo.

Looks like we mostly agree.
Call me crazy, but tell me why we can't get rid of the regular flu for like decades.

[El duderino_]

I did bought the dip yesterday

Feeling pro 

[Ibian]

- Netherlands recalls 600,000 masks from hospitals for being defective after being donated from China.

Made in china.

A... what was the term? cynical actor? might suggest that the chinks are making broken stuff on purpose. Makes them look good for being oh so helpful, while not helping at all.

[Ibian]

Same nonsense as "this is just a flu".

COV19 flu. Strains attached.

Now how weird is it, that the scammers of scammers, could actually have a plausible narrative this time? Hm.
Don't answer that, just throw in some more stats, and a weenie filthy accusation to top it off.

You are a cuck.

There you go.

[Ibian]

Do you know anyone personally, to have died from COV19? Does anybody know? (talked to my French buddy yesterday, he knew one 70 year old)

At this point, just shut up. You are being an actual idiot.

[Toxic2040]

I did bought the dip yesterday

Feeling pro 

+1 WOsMerit


Keep that appetite..you never know when more dip might show up.  


-------

Finding support at the 0.618 short fib and rebounding sharply back into the Cloud. I expect continued volatility as we near the end of the monthly candle.

Fairly significant volume as cheap coins are snapped up.

Currently trading again at around $6.2k to $6.3k       #dyor
1h

[hv_]

... the US dollar bubble top may have just been pricked. the outrush will be impressive.

Trump says 100,00-200,000 dead is not too bad ... because if they did nothing it was 2 million   yups that's the real deal we're hearing now, everything else was pablum to keep the herd calm.

... quietly move to the US$ exits as fast as you can now, shtf.

the bubble will pop - that is for sure

but the point in time is not clear yet

[El duderino_]

Floating to the moon.
End March, blossom everywhere...
Though fire fucked up.

[Paashaas]

- Netherlands recalls 600,000 masks from hospitals for being defective after being donated from China.

Made in china.

A... what was the term? cynical actor? might suggest that the chinks are making broken stuff on purpose. Makes them look good for being oh so helpful, while not helping at all.

Netherlands is not the only country getting junk from China.

They play with human lifes those CCP bastards.

[Cryptotourist]

Same nonsense as "this is just a flu".

COV19 flu. Strains attached.

Now how weird is it, that the scammers of scammers, could actually have a plausible narrative this time? Hm.
Don't answer that, just throw in some more stats, and a weenie filthy accusation to top it off.

You are a cuck.

There you go.

Answering for Paashaas, great!
You're one fine sidekick.

As always, you are as far in your projection as you can be.
Cuck? How can I be a cuck? This is a fundamentally wrong depiction of myself.

At this point, just shut up. You are being an actual idiot.

At this point, ask yourself if you know one in person either. Or your friends of your friends - if you have any.
Other than that, exactly how I feel about you Ibian, the feelings are mutual.

But let's wrap this up.
You're too weak to handle or manipulate me, so I get it.
To sooth your bitterness, although I dislike ignoring anyone, I will adopt to the circumstances, and put you in my ignore list - for life.
Congratulations! Sorry, no peeping what you said.

Try to have a good life, and not to die screaming.
Do think of me, whenever you need a push. #nohomo

[El duderino_]

via Imgflip Meme Generator

[Ibian]

...

Look at the numbers. Deaths divided by the global population is 0.000444%. That's the chance that any random person personally knows someone who died from the 'flu.

This is not going to stay the case. The entire world is going to get infected. This will only take a number of months from this point.

And even then, we are not the average person. Anyone who gets on board with a new technology early has a minimum baseline psychology that sets us apart from most other people. We are on average smarter and better able to detect and avoid danger. And if we have family, then we warn and inform those we care about. So, no. Nobody here is likely to know anyone who has died from the flu at this point. And probably not until we are near the end.

[soullyG]

Green shoots of recovery after the drops this weekend, it's a shame the world is burning down outside though..

Go Bitcoin go?

[heslo]

Green shoots of recovery after the drops this weekend, it's a shame the world is burning down outside though..

Go Bitcoin go?

Hey I'll take any positives at the moment

[soullyG]

Green shoots of recovery after the drops this weekend, it's a shame the world is burning down outside though..

Go Bitcoin go?

Hey I'll take any positives at the moment

Even a positive test for Corona?

[nutildah]

My thesis is that we all (most of us anyway) have COV already. And if we don't have it, we will definitely get it. Maybe not the latest mutated strain, but what ever.
This is how pandemics work imo.

Looks like we mostly agree.
Call me crazy, but tell me why we can't get rid of the regular flu for like decades.

I hope this isn't the case, but it could be. I haven't had the flu in about 20 years, and I never get flu shots. So I wouldn't be surprised if I never get this during the rest of my life.

I think the point is we didn't know this was a thing before January. Now that we know, we can better prepare for it. Right now its spreading like wildfire, and we need to contain the spread as it is already overwhelming healthcare infrastructures worldwide.

Once it is a bit more under the lid, then we can start to go back to our usual routines, keeping in mind that this thing is now out there. But for now, it is unwise to risk putting more pressure on doctors and hospitals. I don't mind sacrificing my personal freedoms for the time being if it helps speed up the return to normalcy.

[vapourminer]

within 6 feet? BYE!!!
sentry guns locked and loaded
pre made graves: ready

#haiku
#onedaylate

[Cryptotourist]

I hope this isn't the case, but it could be. I haven't had the flu in about 20 years, and I never get flu shots. So I wouldn't be surprised if I never get this during the rest of my life.

I think the point is we didn't know this was a thing before January. Now that we know, we can better prepare for it. Right now its spreading like wildfire, and we need to contain the spread as it is already overwhelming healthcare infrastructures worldwide.

Once it is a bit more under the lid, then we can start to go back to our usual routines, keeping in mind that this thing is now out there. But for now, it is unwise to risk putting more pressure on doctors and hospitals. I don't mind sacrificing my personal freedoms for the time being if it helps speed up the return to normalcy.

As always, very sharp.

+1 WO's merit