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

[Raja_MBZ]

United States    101,508   Coronavirus Cases

Those spring break and similar retards should've been lined up. Along with the WHO.

In the next 24 hours, the USA will probably beat China in terms of total (reported) deaths as well. But... it's just like the flu and it'll disappear itself!

[xhomerx10]

 Here is the daily increase in the number of cases for the top 8 countries with respect to total number of confirmed infections.  The China graph looks contrived IMHO.
I wanted to point out that those counties seem to have peaked - we're going to beat this thing.  Stay safe.

[Raja_MBZ]

I wanted to point out that those counties seem to have peaked - we're going to beat this thing.  Stay safe.

Even if it's peaked, we shouldn't forget that there are lockdowns across the globe. What's the guarantee that we won't get to see round two of the virus once every place opens again?

[marcus_of_augustus]

seems like the first peak of the first wave is almost here after lockdowns and physical distancing restrictions.

... now how do we relax those restrictions to prevent a second peak? Or is that impossible? Do we stamp it out totally? Or get the fiat money-go-around whirling before it collapses in upon itself?

Maybe we need to have rolling lockdowns over the next 18 months? 4 or 5 peaks of the first wave (it's sounding like Elliot wave TA )

Then we can prepare for the second wave, next strain that might get going around (released?) ...

[Raja_MBZ]

So Chinese, TBH...

[rolling]

While everyone is focused on the virus, the destruction of the world economy is slowly happening in the background. This is the start of another great depression. Regardless of what happens with the virus, the depression is already here.

Housing market collapse, commercial real estate collapse, depression level unemployment, mass bankruptcies, mass small business destruction, hyperinflation of the USD. This is game over for the current system. Things will never be the same again.

Start making plans, get yourself positioned.

[Raja_MBZ]

While everyone is focused on the virus, the destruction of the world economy is slowly happening in the background. This is the start of another great depression. Regardless of what happens with the virus, the depression is already here.

Housing market collapse, commercial real estate collapse, depression level unemployment, mass bankruptcies, mass small business destruction, hyperinflation of the USD. This is game over for the current system. Things will never be the same again.

Start making plans Keep stacking sats, get yourself positioned.

[BitcoinNewsMagazine]

seems like the first peak of the first wave is almost here after lockdowns and physical distancing restrictions.

... now how do we relax those restrictions to prevent a second peak? Or is that impossible? Do we stamp it out totally? Or get the fiat money-go-around whirling before it collapses in upon itself?

Maybe we need to have rolling lockdowns over the next 18 months? 4 or 5 peaks of the first wave (it's sounding like Elliot wave TA )

Then we can prepare for the second wave, next strain that might get going around (released?) ...

We are in uncharted territory something I never expected to see within my lifetime. Until there is a vaccine it is likely COVID-19 will be seasonal and will return. That is if we get it under control which is not a given. We don't know if it will mutate into a less virulent strain or become more infectious. And just like the seasonal flu we will most likely need a new vaccine each year. We also don't know yet to what extent survivors are immune to reinfection. Social distancing buys time until there are better treatments and a vaccine.

[Ibian]

I wanted to point out that those counties seem to have peaked - we're going to beat this thing.  Stay safe.

Even if it's peaked, we shouldn't forget that there are lockdowns across the globe. What's the guarantee that we won't get to see round two of the virus once every place opens again?

I guarantee that we will. This thing is serious.

[xhomerx10]

I wanted to point out that those counties seem to have peaked - we're going to beat this thing.  Stay safe.

Even if it's peaked, we shouldn't forget that there are lockdowns across the globe. What's the guarantee that we won't get to see round two of the virus once every place opens again?

 There are experiments happening now using blood plasma from recovered individuals in hopes of transferring their immunity.  Some of the greatest minds in the world are working on potential cures, vaccines and other countermeasures as we type.  The WHO is running a program called SOLIDARITY worldwide using hospitals and patients to test existing antivirals for their efficacy.  Not only that but we have already at least one experiment showing that Macaque monkeys can't become reinfected with COVID-19 which is promising for herd immunity.  Much has already been done by unsung heroes while the rest of us shake in our boots.   We only really have to limit the number of new infections so as not to over-fill the ICU spots we have available; maybe that means isolating the elderly and the otherwise already-at-risk individuals for slightly longer while a vaccine is developed.  Maybe we eradicate this thing just as we did with smallpox.
  This is fine.

[Gyrsur]

$6525 is Point of Control (PoC)?

[jojo69]

So Chinese, TBH...

commensurate with their descriptions of products on Amazon

derate any specification to .7 of advertised

lying sacks of shit

[AlcoHoDL]

What was the price at this sort of time before the halving in 2016, I can’t remember?

Around $400-$500

No, wait, around $600-$700 one month before the halving (july)

...and it doubled in New Year 2017,   [ ]

...and it went 5x mid-2017,   [ ]

...and it went 40x (ATH) end-2017,   [ ]

...and is now 10x of what it was pre-2016-halving. Nice and healthy.   [ ]


Back-To-The-Future^TM translation:

Pre-halving 2020 (now):   $6,000   [ ]   Doing OK.

New Year 2021:   $12,000   [ ]   Getting there...

Mid-2021:   $30,000 (ATH)   [ ]   Carolina looking sexy! You dirty thing!

End-2021:   $240,000   $100,000 (ATH),   [ ]   Nice and steady.   <--- @mindrust   BE THERE !!!

2022 onwards: Perma-6-digits, lots of debauchery, some will die of too much hookers 'n' blow, good for us, BTC more scarce!


Sorry for the peacock/rainbow post (#nohomo)... Tried to be creative with the BB-Code forum thingy... Couldn't believe how it came out. It's DOS ANSI shit all over again!

...and i'm drunk too...fuck covid-19...

[jojo69]

retail storefronts getting boarded up

miles long lines of cars to the food bank

this is going to get really ugly guys

[Torque]

Bullseye article on ZH. Nailed it.

https://www.zerohedge.com/health/p-pandemic-and-o-orwellian


Best quote:

"Don’t look now but you’ve been screwed again. The Wall Street bankers are again able to borrow at 0%, while charging you 17% on your ever-increasing credit card balance. Why aren’t these scumbag bankers announcing a three-month moratorium on credit card and mortgage payments, with no interest accruing? Because their goal is to further enslave you in debt, while enriching themselves. They will run patriotic commercials, while sticking a red white and blue dildo up your ass."

[BitcoinNewsMagazine]

Still waiting to see if BTC decouples from the DJIA. Today looked promising but too early to tell.

[lightfoot]

Good time to donate to your local food bank.

[lightfoot]

"Don’t look now but you’ve been screwed again. The Wall Street bankers are again able to borrow at 0%, while charging you 17% on your ever-increasing credit card balance. Why aren’t these scumbag bankers announcing a three-month moratorium on credit card and mortgage payments, with no interest accruing? Because their goal is to further enslave you in debt, while enriching themselves. They will run patriotic commercials, while sticking a red white and blue dildo up your ass."

You know, a lot of people (myself included) are really big on paying back your debts. However a creditor who charges 17% interest on 0% money and then bitches because people default will just not get that much sympathy from me.

Go figure.

[jojo69]

Good time to donate to your local food bank.

by which you mean my fucking pantry?

[HI-TEC99]

Bullseye article on ZH. Nailed it.

https://www.zerohedge.com/health/p-pandemic-and-o-orwellian


Best quote:

"Don’t look now but you’ve been screwed again. The Wall Street bankers are again able to borrow at 0%, while charging you 17% on your ever-increasing credit card balance. Why aren’t these scumbag bankers announcing a three-month moratorium on credit card and mortgage payments, with no interest accruing? Because their goal is to further enslave you in debt, while enriching themselves. They will run patriotic commercials, while sticking a red white and blue dildo up your ass."

The EU has cancelled all bank stress tests for this year. I wonder if this is the year banks start going bankrupt again.