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

[akhjob]

Craig Wright has 3 days to prove he is Satoshi, is that right?

Everybody knows he isn’t but wonder if we’ll get a pump when he fails to deliver these 11,000 documents to prove his (lol) 1.1 million bitcoin stash.

Most probably he'll use the current pandemic situation as a reason to ask for more time.
But I don't think that a pump in BTC will happen if Craig fails to deliver. Because, everyone knows that he isn't Satoshi.
Maybe we can see a dump in BSV. It'll be better to short it 

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[Lucius]

I would like to meet him in person, anyone can introduce me to him?

Offer him money, he will certainly not refuse a generous offer

However, you should keep in mind that this is a very narcissistic person who has an extremely high opinion of himself, and I think with all his titles, he might add something new, maybe crypto God


https://craigwright.net/

[LFC_Bitcoin]

@Bitcoinlennon
$USD Dollar' since April 2015, just 5 years ago.

$10,000 into Gold $XAU now worth $14,500.
$10,000 into #Bitcoin  $BTC now worth $321,000.

That same $10,000 left in cash gives you purchasing power of just $9171.

Invest your money wisely.

#stacksats

Thank you.
https://twitter.com/bitcoinlennon/status/1250430401035653123?s=21

[fillippone]

Get ready for a new Normal:

Abstract
It is urgent to understand the future of severe acute respiratory syndrome–coronavirus 2 (SARS-CoV-2) transmission. We used estimates of seasonality, immunity, and cross-immunity for betacoronaviruses OC43 and HKU1 from time series data from the USA to inform a model of SARS-CoV-2 transmission. We projected that recurrent wintertime outbreaks of SARS-CoV-2 will probably occur after the initial, most severe pandemic wave. Absent other interventions, a key metric for the success of social distancing is whether critical care capacities are exceeded. To avoid this, prolonged or intermittent social distancing may be necessary into 2022. Additional interventions, including expanded critical care capacity and an effective therapeutic, would improve the success of intermittent distancing and hasten the acquisition of herd immunity. Longitudinal serological studies are urgently needed to determine the extent and duration of immunity to SARS-CoV-2. Even in the event of apparent elimination, SARS-CoV-2 surveillance should be maintained since a resurgence in contagion could be possible as late as 2024.

https://twitter.com/mlipsitch/status/1250108046317096960?s=20



More info:
https://www.sciencealert.com/new-study-suggests-repeated-bouts-of-social-distancing-may-be-needed-until-2022


Better start planning something different for the 100K party.

[JayJuanGee]

Off topic, but what I am really fucking hating right now is Bitcoin's new found correlation with the traditional markets, annoying as all hell.

Its been there since at least 2019. Perhaps for a lot longer. We just didn't see it until recently, because the stock market had been in a bull run for the entirety of bitcoin's existence (up until March, that is). Also, Wall Street has never been connected to bitcoin as it is now.

If you look at the historical correlation between the Grayscale Bitcoin Trust (GBTC) and the S&P500 ETF (SPY), there's a definite pattern emerging.

Correlation since 2016: 0.14
Since 2017: 0.16
Since 2018: 0.21
Since 2019: 0.25
Since 2020: 0.51
Since 2/1/20: 0.57
Since 3/1/20: 0.60

0 = no correlation
1.0 = complete correlation

I'm not saying things will always remain this way, but they might for some time. At least until the effects of inflation are truly felt around the world.

To me those correlation numbers seem to show a lack of correlation, rather than correlation.. except on the short term, there has been some more correlation in the short term... but bitcoin is not a short term asset... So there is that.

Yes,.... short term we might find some correlation, but so what? 

Think long term (generally, not you specifically nutildah).  Don't many of us invest in this bitcoin thingie-ma-jiggie long term anyhow?  Can't we tolerate some short term correlation?  We should be able to. 

TLDR:  rumors of correlation (my death) are overly exaggerated.... quasi-mark twain

[JimboToronto]

Good morning Bitcoinland;

Still under $7k... currently $6738USD/$9481CAD (Bitcoinaverage).

Tick tock tick tock...

ftfy

 

[Indymoney]

Craig Wright has 3 days to prove he is Satoshi, is that right?

Everybody knows he isn’t but wonder if we’ll get a pump when he fails to deliver these 11,000 documents to prove his (lol) 1.1 million bitcoin stash.

I would like to meet him in person, anyone can introduce me to him?

Just Corona is wall between you and him otherwise there is no problem as he is open to meet you 

[COVID-19]

I would like to meet him in person, anyone can introduce me to him?

Offer him money, he will certainly not refuse a generous offer

^
       _______      
<----'   you   '---- the joke

[FIFA worldcup]

I would like to meet him in person, anyone can introduce me to him?

Offer him money, he will certainly not refuse a generous offer

How can he meet him in person ? 
He will never meet the person named "COVID-19"   no matter how much money COVID-19 offers

[Toxic2040]

1h


D

#stronghands

[COVID-19]

I would like to meet him in person, anyone can introduce me to him?

Offer him money, he will certainly not refuse a generous offer

How can he meet him in person ? 
He will never meet the person named "COVID-19"   no matter how much money COVID-19 offers

I already did my Around The World In 80 Days met over 2M people and did some bad things to about 120K ppl, but most of them were already sick, sorry.

I'll find a path myself. See you around, *cough*, *cough*...

[Searing]

Off topic, but what I am really fucking hating right now is Bitcoin's new found correlation with the traditional markets, annoying as all hell.

Yep.

This either breaks or we will find that BTC is just another speculative asset that will likely take 7-12 years to come back like the stock market if we are
in a deep recession as I suspect. Still, BTC will have its usage, but that IMHO, would show 'adoption' is reached like gold and now BTC would just bring
returns as normal investment, except for the small problem of 7-12 years to come back along with the stock market with the pandemic at all.
So ..that would truly suck for BTC NOT to be a 'store of value' and just another speculative asset that gets dumped at the start of any bad times economically.
Thus if that is the case, the banks will eventually win, take over blockchain and we are all screwed. Not there yet but this stock market and BTC chained at the
hip to the stockmarket has to break or we are utterly screwed as a store of value for BTC as well as using BTC as any method to hedge against inflation with all the
money printing of trillions going around in the world now...(scared self...shudder)

[Raja_MBZ]

What miner capitulation?!?

[jojo69]

dead cat hashrate bounce as miners flee the already halved forks to try and wring one last bit of ROI out of gear they wish they never bought

[Last of the V8s]

wut
cheer up
pull the self together
everythings fine
we get to win
if we hodl

[JayJuanGee]

I would like to meet him in person, anyone can introduce me to him?

Offer him money, he will certainly not refuse a generous offer

How can he meet him in person ?  
He will never meet the person named "COVID-19"   no matter how much money COVID-19 offers

I already did my Around The World In 80 Days met over 2M people and did some bad things to about 120K ppl, but most of them were already sick, sorry.

I'll find a path myself. See you around, *cough*, *cough*...

Fuck off with your self-proclaimed attempt to represent a virus.. .you fucking imposter wanna be relevant attention-seeking twat.

Your little humorous game is like someone attempting to be the spokesman for bitcoin.. they can fuck off too.  Just like bitcoin is decentralized, the virus is also decentralized so the best that you can do is to proclaim one perspective of what you believe the virus to be or to describe its various impacts rather than to pretend that you understand or even can meaningfully represent the whole thing.  

Do you have an actual account instead of this bullshit pretentious one?  If so, use that.. otherwise, fuck off with your misleading proclamations.

[jojo69]

without a price doubling in the next 30 days the miners are doomed

the only question is how long it will take the hobbyists to find enough blocks to trigger a difficulty adjustment

weeks?  months?  till the sun burns out?

[JayJuanGee]

without a price doubling in the next 30 days the miners are doomed

the only question is how long it will take the hobbyists to find enough blocks to trigger a difficulty adjustment

weeks?  months?  till the sun burns out?

Mining death spiral coming?  


Edited this part: to supplement my response based on your two additional lines of information.

Yes.  You seem to recognize the existence of a difficulty adjustment in bitcoin, jojo, but seem to believe that there is not enough built in incentives to keep bitcoin's hashrate up.  

Those really seem to be "newbie" perceptions of bitcoin mining incentives, including maybe not being able to recognize the power of bitcoin as compared to various shitcoins... you should not be comparing bitcoin to various shitcoins (I know that you have done this in the past... so shame on you... hahahahahahaha  SNAP out of it!!!!)... so stop muddying your brain with shitcoins... ... but hey, what do I know about anything, especially the inspirations for your current negative thinking?  Maybe reading too many of searing's posts?  hahhahahahaha

dead cat hashrate bounce as miners flee the already halved forks to try and wring one last bit of ROI out of gear they wish they never bought

Ever heard of difficulty adjustment... not meaning to be patronizing... or?  maybe I do?

[Cryptotourist]

Cheer up guys!

You are right were you they want you to be. Confused.
In such challenging times, and since numbers are out the window, it all comes down to a matter of faith.
Do you believe in BTC?

Dig in, or dog in. - CT

[JSRAW]

Price doubling in next 30 days... Hmmm situation is not looking good. Hairy ( not available).. toxic plz check your crystal ball and confirm... Plz