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

[LFC_Bitcoin]

Observing $6,375 & eating lots of junk food at home, self isolating. Just had my gardener do 3 hours of work, he’s probably not supposed to be working but fuck if I’m expected to garden, no thanks.

Hoping to see resistance finally broken at $6,800 this week & then maybe we can get some momentum heading towards the halving.

I really hope this whole pandemic doesn’t stunt what was/is supposed to be a big transfer of wealth & expected parabolic rise in the next 18 months. I’m being selfish & all that but we have plans don’t we guys, they need to be carried out.

I don’t want to see any weak hands here, we’ve already lost a few good men to cowardice selling since COVID19 showed its ugly face.

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[Cryptotourist]

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.

Want to be clear here: We knew this was coming. We had dress rehearsals with SARS, MERS, and H5N1. We knew what needed to be done. We just decided not to listen, and not to prepare.

This is the logical outcome.

Sorry, but I believe strongly that Reality exists and facing one's errors is critical to ensuring they don't happen again. The problem isn't that "we didn't know" the problem is people willingly choose to ignore facts.

Strong point also.

+1 WO's merit.

“In the land of the blind, the one-eyed man is king.”

[Cryptotourist]

Shouldn't really post just this, but hey, +1 WO's merit.

edit: tomorrow we fight.

[heslo]

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.

Want to be clear here: We knew this was coming. We had dress rehearsals with SARS, MERS, and H5N1. We knew what needed to be done. We just decided not to listen, and not to prepare.

This is the logical outcome.

Sorry, but I believe strongly that Reality exists and facing one's errors is critical to ensuring they don't happen again. The problem isn't that "we didn't know" the problem is people willingly choose to ignore facts.

Bingo! All these denialists are doing is adding to the problem. If more people had listened and understood how serious this was in the beginning we wouldn't be in this fucking mess

[Jeremy Franklin]

[Hyperjacked]

Looks like I was wrong about me 23k$ bitcoin price by April...
the pandemic put a lid on it !
On a positive note I beat Stockfish 10 with the c41 Philidor hanham variation! Best game I’ve ever played !
Cheers WO

[gwaur]

Observing $6,375 & eating lots of junk food at home, self isolating. Just had my gardener do 3 hours of work, he’s probably not supposed to be working but fuck if I’m expected to garden, no thanks.

gardening is actually pretty relaxing, and good for your health too. you're basically paying people to have fun and exercise.

[bitserve]

Observing $6,375 & eating lots of junk food at home, self isolating. Just had my gardener do 3 hours of work, he’s probably not supposed to be working but fuck if I’m expected to garden, no thanks.

gardening is actually pretty relaxing, and good for your health too. you're basically paying people to have fun and exercise.

Agreed. Right now I would even pay to be on my garden doing it.

C'on LFC give it go! You won't find a better time than this!

(Mind the tools though )

[nutildah]

BRB, applying for a trillion dollar loan.

https://www.pbs.org/newshour/economy/federal-reserve-to-lend-additional-1-trillion-a-day-to-large-banks

The New York Federal Reserve Bank said it will offer $1 trillion of overnight loans a day through the end of this month to large banks. That is in addition to $1 trillion in 14-day loans it is offering every week. Banks, so far, have not borrowed nearly as much as the New York Fed is offering, and the loans are quickly repaid. None of the funding is from taxpayer dollars. Wall Street analysts say the huge number is intended to calm markets by demonstrating that the Fed’s ability to lend short-term is nearly unlimited.

The Fed is also buying Treasury bonds at a furious pace, and will soon run through the $500 billion in purchases it announced on Sunday. It is also accelerating its purchases of mortgage-backed securities. Most analysts expect they will buy more.

[strawbs]

Observing $6,375 & eating lots of junk food at home, self isolating. Just had my gardener do 3 hours of work, he’s probably not supposed to be working but fuck if I’m expected to garden, no thanks.

I tried my hand at a bit of gardening the other day and found it surprisingly nice. It's spring here now. The sun was shining, plants were budding, a bit of blossom around, birds singing, nature oblivious to the man-made chaos.  It was therapuetic and a nice way to avoid the blanket media coverage of COVID. And when I came back inside and checked the charts, I hadn't missed much. I might do it again next time the sun is out.

[Ibian]

I fucking hate gardening. Pay other people to do it or just enjoy nature.

[Torque]

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.”

This was before 1982 when company stock buybacks were made legal. Now that ol' Warren benefits from the Fed printing trillions in funny money and his companies' stocks getting bought back to run up share prices, he doesn't give a shit anymore.

[JimboToronto]

Good morning Bitcoinland.

Right back up after dipping under $6k and bouncing along in the mid-$6xxx range... currently $6342USD/$8987CAD (Bitcoinaverage).

Blah.
___

Here's something for all the Canucks here:

https://flatten.ca/

Any other countries with sites like this?

[asUHWEceyc]

- 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?

- Shutting down the US economy for 6+ weeks will destroy a majority of small->medium businesses and raise da unemployment thru da roof

who benefits?

[lightfoot]

Observing $6,375 & eating lots of junk food at home, self isolating. Just had my gardener do 3 hours of work, he’s probably not supposed to be working but fuck if I’m expected to garden, no thanks.

gardening is actually pretty relaxing, and good for your health too. you're basically paying people to have fun and exercise.

It can be. I'm going to grab a bunch of tomato plants and fire up a small garden for spring/summer. Big problem is bunnies but I have the pellet gun and will have license to shoot for rabbit meat as needed.

Problem now is it's *WET* which means I can't hitch up the tiller till it dries out a bit. However I do have tons of well composted leaves so this could work this year....

[JayJuanGee]

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?

Thanks for that turning a positive into a negative perspective, Soully.... 

It is so difficult to even google the concept of turning positives into negatives.

People are so god-damed frequently lecturing about how to accomplish the opposite.  We need a bit more "reality talk"... whether negative or otherwise.   

[xhomerx10]

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.

 I saw some stats a couple days ago from a Canadian news publication.  Of ~180,000 tested, ~5500 were positive (~60 deaths).  The prerequisites for getting a test are severely skewed in favour of those already infected or exposed to someone infected.

[xhomerx10]

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.

Want to be clear here: We knew this was coming. We had dress rehearsals with SARS, MERS, and H5N1. We knew what needed to be done. We just decided not to listen, and not to prepare.

This is the logical outcome.

Sorry, but I believe strongly that Reality exists and facing one's errors is critical to ensuring they don't happen again. The problem isn't that "we didn't know" the problem is people willingly choose to ignore facts.

Bingo! All these denialists are doing is adding to the problem. If more people had listened and understood how serious this was in the beginning we wouldn't be in this fucking mess

 The initial release from the World Health Organization (Jan 9^th 2020).  Read it and weep.

 TL;DR
 "According to Chinese authorities, the virus in question can cause severe illness in some patients and does not transmit readily between people."
 "WHO does not recommend any specific measures for travellers. WHO advises against the application of any travel or trade restrictions on China based on the information currently available."

[nutildah]

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.

Want to be clear here: We knew this was coming. We had dress rehearsals with SARS, MERS, and H5N1. We knew what needed to be done. We just decided not to listen, and not to prepare.

This is the logical outcome.

Sorry, but I believe strongly that Reality exists and facing one's errors is critical to ensuring they don't happen again. The problem isn't that "we didn't know" the problem is people willingly choose to ignore facts.

Bingo! All these denialists are doing is adding to the problem. If more people had listened and understood how serious this was in the beginning we wouldn't be in this fucking mess

 The initial release from the World Health Organization (Jan 9^th 2020).  Read it and weep.

 TL;DR
 "According to Chinese authorities, the virus in question can cause severe illness in some patients and does not transmit readily between people."
 "WHO does not recommend any specific measures for travellers. WHO advises against the application of any travel or trade restrictions on China based on the information currently available."

Right -- totally bizarre lapse of judgment on their part. By now you've probably seen the video of a senior advisor at WHO ignoring questions about Taiwan's handling of the illness. If you haven't, you should watch it, its weird AF:

https://twitter.com/ezracheungtoto/status/1243869774410469376

edit: this one is a bit more thorough: https://twitter.com/empressofmeme/status/1244008863885594626

Sure, as a whole, we should have been better prepared. But we weren't. All we can do now is learn some lessons the hard way and apply this newfound knowledge the next time around.

As my dad said, "it's amateur hour everywhere." Next time we won't be so green on what to do.

[lightfoot]

"According to Chinese authorities, the virus in question can cause severe illness in some patients and does not transmit readily between people."
 "WHO does not recommend any specific measures for travellers. WHO advises against the application of any travel or trade restrictions on China based on the information currently available.

Yup. Years of denying reality, listening to endless bullshit generators spewing garbage, following religious "leaders", and electing/appointing representatives who believe that reality is subjective and malleable like clay has led to a real 14 karat shitstorm, hasn't it?

Just drive the steam engine into the tunnel. Reality will bend to your will.....

The question is what are we going to do about it? Deny more? Hide it a bit deeper? Double down?