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

[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.

[Syke]

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 dot com dildo. The housing market dildo. The coronavirus dildo. Too many god damn dildos.

[marcus_of_augustus]

ruh-roh ... chinese bat virus labs back on the broadsheets. (craptotourist better get on top of this one)

https://www.washingtontimes.com/news/2020/mar/30/china-researchers-isolated-bat-coronaviruses-near-/

Chinese government researchers isolated more than 2,000 animal viruses, including deadly bat coronaviruses, and carried out scientific work on them just three miles from a wild animal market identified as the epicenter of the COVID-19 pandemic.

Several Chinese state media outlets in recent months touted the virus research and lionized in particular a key researcher in Wuhan, Tian Junhua, as a leader in bat virus work.

...
“This is one of the worst cover-ups in human history, and now the world is facing a global pandemic,” Rep. Michael T. McCaul, Texas Republican and ranking member of the House Foreign Affairs Committee, said last week. Mr. McCaul has said China should be held accountable for the pandemic.

A video posted online in December and funded by the Chinese government shows Mr. Tian inside caves in Hubei province taking samples from captured bats and storing them in vials.

...
The seven-minute film boasts that China has “taken the lead” in global virus research and uncovered over 2,000 viruses in the past 12 years, the time since the outbreak of the bat-origin virus that causes severe acute respiratory syndrome (SARS).

The deadly virus behind the current pandemic is called SARS Coronavirus-2 and also has been traced to bats.

Prior to China’s discoveries, an estimated 2,284 types of viruses had been found in the previous 200 years, the video says.

[d_eddie]

he said he knew how to access the coins but didn't have time to do it himself

Or did he say something about the page margin being too small to fit a description of the method?

[Icygreen]

retail storefronts getting boarded up

miles long lines of cars to the food bank

Where?

[kellrobinson]

Good time to donate to your local food bank.

by which you mean my fucking pantry?

Don't know about you, but...
I keep my food in the food pantry, and do my fucking in the fucking pantry.

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."

Green dildos FTW

The dot com dildo. The housing market dildo. The coronavirus dildo. Too many god damn dildos.

Greed dildos FTW

[lightfoot]

Good time to donate to your local food bank.

by which you mean my fucking pantry?

If you're totally out of food. I like food banks: They're local, they don't fuck around, and they give food to people who ask. I've worked/volunteered there and they really have their shit together.

So... I'd rather put money there than in some Christian minister's pocket any day. (Or Govt pocket)

(Wait, maybe you meant your pantry that fucks you. Or your pantry where you keep the love dolls? I might have made an error of presumption in my post)

[lightfoot]

The dot com dildo. The housing market dildo. The coronavirus dildo. Too many god damn dildos.

Greed dildos FTW

This one is an ignorance dildo.

[Ibian]

Good time to donate to your local food bank.

by which you mean my fucking pantry?

If you're totally out of food. I like food banks: They're local, they don't fuck around, and they give food to people who ask. I've worked/volunteered there and they really have their shit together.

So... I'd rather put money there than in some Christian minister's pocket any day. (Or Govt pocket)

(Wait, maybe you meant your pantry that fucks you. Or your pantry where you keep the love dolls? I might have made an error of presumption in my post)

So breadlines then?

[JayJuanGee]

I missed the last dip with my last fiat money, because i was too optimistic for the price to get lower even more.
You win, JJG  

I refuse to win.    I prefer to argue with you, even if you scream "uncle" (and maybe even proclaim that I am a genius) 10,003 times.

Frequently, what I am suggesting is that it seems to be much MOAR better to always prepare for both BTC price directions in such a way that you don't hardly give any shits about which way the BTC price goes in the short term as long as overall the BTC price has a bit of a tendency towards UPPITY in the longer term.

So, yeah, set some BTC buy orders in order that you can buy some lil fiends, if the BTC price dips down.

 Otherwise, just buy some lil fiends from time to time at whatever price she happens to be.

You, Oom, are likely already engaging in such a practice to largely prepare for both Up and down.  Nonetheless, there is nothing wrong with playing around a little bit here and there and see if you can time some purchases on dippities rather than on uppities... and if you are NOT playing around with too much moneys, then it should NOT matter too much whether you add a little to your stash at $5,901, $6,457 or at some other price in that broad range.  

Of course, it feels better on the margins to pick those lil bit lower prices, but in the grand scheme of things, NOT too much mental power or emotion should be expended upon these kinds of price differences except perhaps merely just a bit of attempting to learn from your experiences in regards to how to tweak here and there in such ways that causes uie to be NOT feeling too much emotion about these various ongoing  BTC accumulation/stackening efforts.

[lightfoot]

So breadlines then?

Pretty much. Wonder what they will call hoover hogs this time around....

[jojo69]

retail storefronts getting boarded up

miles long lines of cars to the food bank

Where?

Pittsburgh food bank line   https://twitter.com/andrewrush/status/1244657465859457024

Chicago https://twitter.com/zingales/status/1244099237501194240

SoHo https://twitter.com/RT_com/status/1244368735105765376

San Fransisco https://twitter.com/davidrpoliti/status/1244438086408265730 https://twitter.com/EsmeAlaki/status/1244452461747691521

[Paashaas]

Coronavirus Cases: 784,551. Deaths: 37,894. Recovered: 169,408. Affecting 200 countries and territories.

- Botswana reports first 3 cases

- Spain overtakes China in cases.

- UK death toll surpasses 1,400.

- Italy records 812 daily deaths, 11,591 in total but slower infection rate.

- French health authorities have reported 418 new deaths, taking the total to 3,024.

- Health officials say India is weeks away from a huge surge. Exodus of millions to the country side.

- Van Gogh painting stolen from Dutch museum during shutdown.

- Spread of coronavirus accelerates in U.S. jails and prisons.

- Turkey's deaths up to 168, with 10,827 total cases.

- Russia weighs nationwide lockdown as number of cases rises.

- Prince Charles out of self isolation.

- Nearly 12,300 Spanish healthworkers infected.

- Wimbledon will most likely be canceled.

- Expo 2020 trade fair in Dubai to be postponed.

- Maryland and Virginia issues stay at home order.

- The US could get in the range of between 100,000 and 200,000 deaths if the response to the pandemic was executed “almost perfectly”, according to a senior official.

- US navy relief ship about to reach New York.

- South Korea reports worrying rebound in cases around Seoul.

- More cases in Japan after canceling Olympics.

- Concern as powers handed to Hungarian prime minister to fight Covid-19.

- Nigeria is to impose a strict lockdown on Abuja and Lagos, Africa’s biggest city.

- Police in Zimbabwe began enforcing a three week lockdown.

- Ecuador struggles to collect the dead as Covid-19 spreads.

- Mexico declares health emergency as cases and death toll rises.

[bitebits]

So Chinese, TBH...

As long as I have been on the WO, China is faking the volume.
Not surprised.

[Ibian]

- Spain overtakes China in cases.

It is my opinion that China must be destroyed. They are the national version of a narcissist. They don't care about others, they lie compulsively and they don't take responsibility for their own actions, instead blaming others for them.

China delenda est.

[JayJuanGee]

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)

Meh, we should probably be a bit higher atm then to follow the same path as then.

 

Or you could look at it and hope for ten times higher prices in four years. What's that, like a 50% 80% yearly interest?

You are never really going to get any kind of exactness in the four-year fractal comparisons.

Remember most of 2014 was down to the bottom of the BTC price range that remained in the $200s for most of 2015.

So when we finally got a rise of BTC prices in late 2015, it was a quick shot up from $250 to $500 in early November 2015, and then we got stuck largely between $370 and $430 for more than 6 months until the shoot up above $500 in late May 2016 that went up into the $700s and slowly trickled down to $600 by the end of July (around the time of the halvening).  

So, yeah, summer 2016 was largely a correction that got exacerbated in early August 2016 by the news of the Bitfinex hack that kept BTC prices down for several months in late 2016.

In the end, even if NOW we might be below the 2016 line or above the line, who fucking cares, the halvening is not likely going to cause any real meaningful upwards BTC price pressures for several months after the halvening... but sure, of course, we can get surprised with some upwards BTC price spurts, but those upwards BTC price spurts are not at all necessary... and might not even happen, because bitcoin naysayers and bitcoin deniers and bitcoin bearwhales are going to be quite likely to employ the same dumbass manipulation tools that they employed in the last two halvenings, and that is to force the bitcoin price to stay down and to go down further and longer than is logically reasonable in order to shake out as many of you scaredy kitty catties from your coins as they are able to accomplish...

And, yeah, maybe they will be successful, and maybe they won't, and I doubt that it is going to follow with any kind of exact similitude in terms of the four year fractal, except that in the end, it is quite likely that the bearwhale manipulators are not likely going to be able to keep the BTC price from ultimately exploding upwardly in a way that is beyond what is normal, controllable, reasonable or modest.  

So, yeah, it will be good and prudent to have a sufficient amount of coins to pee pare ur lil selfies.. for that likely UPwards BTC price dynamic that remains an asymmetric bet that is far from guaranteed.

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)

Meh, we should probably be a bit higher atm then to follow the same path as then.

 

While we were at 400-500 $ range, I couldn't imagine we gonna hit 10k $. But that year was great.

Yeah, but going to $10k was not until the end of the next year (2017).

We were largely stuck in the $380 to $430 range through the first 5 months of 2016.. and then when we corrected from the purported bitfinex hackenings in late 2016, we were largely stuck in the $550 to $650 range for a few months before starting to trickle up..  So, my point was that it took a long time to get to $10k.. .. just a few months short of two years.. and then all of a sudden we were there and kind of stayed there for a decent amount of time.