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

[JayJuanGee]

maybe will buy a chunk of btc...just in case it catches on.

FTFY


 

not sure that underline is enough to distinguish YOUR speech from mine.  

I was just attempting to make the statement a bit less ambiguous for the newbies.

that said, @HM chart suggests a move to 7.5-7.6K post-halving. Only one of the possibilities.
Maybe we will pop to 10-11K before backing down to 8.5-9K instead.

Even though I do not whole-heartedly buy into fractal comparisons, Hairy's overlays have tended to be pretty good in terms of their showing where we are at, and whether we are above or below the place that we would have been at the same time in the previous 4-year cycle.

Accordingly, I read this particular overlay as showing that currently we are quite a bit below the place that we would have been at in the previous cycle.. so the previous cycle is showing that we experienced the Covid correction at the same time that we had experienced the May 2016 memorial pump (from $400-ish to $750-ish but then later further pumpenings were delayed in August 2016 due to the death of bitcoin that was purportedly coming due to the bitfinex hack.

So currently, sure the Covid could possibly keep the bitcoin price down for a decent amount of time.. below the curve, but probably largely signaling that it would be a good time to buy BTC, rather than any assertions that BTC is overpriced... but surely, I would accept any proposition that there are macro-reasons why BTC prices should be more suppressed now than 2016 - even though those macro-reasons continue to be questionable in terms of whether they can really keep the BTC price down - given bitcoin's fundamentals and the money printer go bbbbbbbrrrrrrrr practices seem to contribute bullishly to bitcoin's use case rather than detracting from it like those peeps who are continuing to proclaim that bitcoin is likely to go down with the shipn (or at least negatively affected along side with the other house of cards charades).  

However, I started not to care...due to the virus scare.

Yes.  I have noticed that you have been somewhat negatively affected by covid.  You need a dose of bleach or something to perk you up a bit.   You will thank me later.  

Breaking out on a Saturday?

I must say:  A bit premature, in terms of usual weekend happenings.

...

Wow, that was fast, $9000 to $9068 (preev.com) in just 2 minutes...

Are you new here?
 


This is bitcoin.... aka #corn.

[Dakustaking76]

Vegeta is back guys

... shall we play a game?

What game you want to play 😏

[HairyMaclairy]

Remember back in early January when I had a cold? I just read on some local fb groups that back in late December early January a lot of people here in Scania were sick with what is now known as covid symptoms.
A consultant working for Tetra pak in Lund got a covid like cold after coming back from a vacation in northern Italy and infected his co workers, a woman working in a shopping mall in Löddeköpinge also had those symptoms and she said that many of her work mates also had those symptoms.
Nobody thought anything of it at the time, just a seasonal cold.

Now a whole ward at a hospital in Helsingborg, Scania, was just tested for covid, and 50% was positive.
The rate of sick and dead here in Scania is also surprisingly low, actually lower then in Denmark that is in lockdown.

I, and many with me, now thinks that maybe we here in the south got the virus early on, maybe a mild string, when it was still unknown here in Sweden, and that's why we are doing so good now, we might already have or be close to heard immunity.

Maybe, but alot of the antibody tests are reporting 10 - 15% false positive rates.

You combine a 10% false positive rate with a failure to do random sampling (the people who volunteer for antibody testing think they have caught C19 or else you pick people already in hospital....) and you can't really draw any meaningful conclusions about the infection rate in the general population.

[OROBTC]

...

JJG, naah, been around these parts for a while.  I just had randomly checked BTC price, mosey'd over here, and when I looked at the preev tab again, up over $60 nice & fast.

Of course, I'm a #PotWatcher: BTC and Au



Edited for clarity and now $9185.  It's all good.  

[JayJuanGee]

...

JJG, naah, been around these parts for a while.  I just had randomly checked BTC price, mosey'd over here, and when I looked at the preev tab again, up over $60 nice & fast.

Of course, I'm a #PotWatcher: BTC and Au

Edited for clarity and now $9185.  It's all good.  

I was pulling your leg.

Of course, I recognize you - even if you are not posting in these here parts, regularly.

There are some members who post even less frequently in this thread than you, such as once or twice a year, yet still such members may well be recognized when they show up.

Regarding the price action, I am not going to complain, even if it is happening on a Saturday... and seemingly a bit much.. but bitcoin tends to surprise us on a fairly regular basis... so no need to be surprised by surprises.   

[rdbase]

Looks like nearing $9400 is back on the menu for vegata super sayian god-mode this time!

[JSRAW]

Looks like nearing $9400 is back on the menu for vegata super sayian god-mode this time!

[cafetools]

pisses me off, i was going to buy 1k of BTC at 8800 but i ate lunch now i am looking at buying at 9150!!!! ugh

[Searing]

https://www.youtube.com/watch?v=R6y8dlhoMpo

One of the more acutely-asked questions since the covid-19 pandemic broke out has been: Is the virus man-made?

Debate on the matter has been wild and furious. After much investigation, Chris is now chiming in on the heels of an explosive Newsweek report.

Newsweek reveals that as recently as last year, the US funded scientists at the Wuhan Institute of Virology in 'gain of function' research on bat coronaviruses.

The source of that funding? The National Institute for Allergy and Infectious Disease, headed by.....(drumroll please)....Dr Anthony Fauci, lead medical expert for America's Covid-19 task force.

Now, this doesn't mean the virus was lab-engineered as a bio-weapon. But it does suggest a naturally-occuring bat virus could have been artificially accelerated along certain vectors.

Of course, this raises an awfully lot of urgent and important questions.

So far, Fauci has not commented on the Newsweek report. But we will be keeping close tabs on developments from here...

If it did come out of the Lab this IMHO is how it happened: Greed!

https://www.breitbart.com/national-security/2020/02/24/expert-chinese-scientists-sell-lab-animals-meat-black-market/

All that nice 'meat' going to waste that could go to China 'wet-market' for fine dining. Usually on this kinda stuff, if man-made, it is less about some

kind of conspiracy than just one schmuck with the means to toss a wrench in the works for self profit.

Anyway, using the KISS principle that is again IMHO the most 'likely' way such would get out of a level 4 biolab....greed and stupidity always seems to triumph

brad

[Toxic2040]

[HairyMaclairy]

SARS escaped from a Beijing virus lab, twice.

https://www.the-scientist.com/news-analysis/sars-escaped-beijing-lab-twice-50137

Edit: SARS has escaped six labs, including one in Singapore and one in Taiwan. Smallpox has escaped a UK lab, twice.  https://thebulletin.org/2014/03/threatened-pandemics-and-laboratory-escapes-self-fulfilling-prophecies/#

[JayJuanGee]

pisses me off, i was going to buy 1k of BTC at 8800 but i ate lunch now i am looking at buying at 9150!!!! ugh

I recall that you had the same problem at $7,880.

At this pace, you might not be able to acquire any BTC, if you sold all of your BTC and you are not able to get it back because you continue to sell too much too early and then wait for BTC prices to go down, that does not end up coming.


For ease of reference, below is a copy of my responses to a couple of your earlier posts (from a few days ago), in which you seemed to have been left behind in your retroactive thinking (and failure to act behaviors), there, too.... Coincidence, or no?   


Must suck to be you?  And, maybe sooner or later you will learn to stop waiting for the BTC price to drop and just buy on a regular basis, so you do not have to run after the train (or is it a rocket, which I heard is more difficult to catch?) and miss out on $1k or more pumpenings.  

Is 7950 a good time to sell? And buy a rebound at about $7880?

How did that work out?


 


Note: for some people, there is never a bad time to sell their BTC, and any little blip causes them to become trigger happy, yet through BTC history, we have seen a lot of bitter folks who have come out of that practice of selling too much too soon, and then they have shot their whole wadd when BTC prices shoot up another 10x or some other variant.. and maybe some of those folks never buy back in because they become disgruntled and bitter.. and they are subsequently always waiting for a BTC price correction that either never quite gets down to their previous selling point or to some further greedy point that they want to project "profits" blah blah blah...

lol thanks, im just trying to grind my Binance balance into more because I know the bull run is coming.

That is no way to "grind" your balance up.    

[JSRAW]

WHO had strong leader DR Gro Harlem Brudland back then...

[cafetools]

yes i am going to make a new buy buy it still sucks i have to pay an extra 3 % on $1k

[JSRAW]

yes i am going to make a new buy buy it still sucks i have to pay an extra 3 % on $1k

As long as its under 10k, you are good and don't feel bad about it

[JayJuanGee]

yes i am going to make a new buy buy it still sucks i have to pay an extra 3 % on $1k

As long as its under 10k, you are good and don't feel bad about it

Exactamente, bahai!!!!!!


"We" tend to feel badly when we see pre-coiners chasing the train or trying to catch our rocket... It's not a good feeling, even when seeing it.

No coiners, on the other hand, "we" might not have as much sympathy for those folks when we see them finally chasing the train/rocket... but I expect we should not be seeing them until around supra $30k.

[BayAreaCoins]

$10k tomorrow next week.  Calling it now.

Buy buy buy!

[JSRAW]

yes i am going to make a new buy buy it still sucks i have to pay an extra 3 % on $1k

As long as its under 10k, you are good and don't feel bad about it

Exactamente, bahai bhai !!!!!!


"We" tend to feel badly when we see pre-coiners chasing the train or trying to catch our rocket... It's not a good feeling, even when seeing it.

No coiners, on the other hand, "we" might not have as much sympathy for those folks when we see them finally chasing the train/rocket... but I expect we should not be seeing them until around supra $30k.

Yeah and they deserve our respect for this...

[JSRAW]

@nutildah for you  

[JayJuanGee]

yes i am going to make a new buy buy it still sucks i have to pay an extra 3 % on $1k

As long as its under 10k, you are good and don't feel bad about it

Exactamente, bahai bhai !!!!!!


"We" tend to feel badly when we see pre-coiners chasing the train or trying to catch our rocket... It's not a good feeling, even when seeing it.

No coiners, on the other hand, "we" might not have as much sympathy for those folks when we see them finally chasing the train/rocket... but I expect we should not be seeing them until around supra $30k.

Yeah and they deserve our respect for this...

It's a tentative working hypothesis, and of course, the extent to which such conjecture plays out may depend NOT only on BTC price (quantity) but also upon time (how long does it take to get there, aka momentum).  Another factor surely would be considering the performance of relative asset classes, too... I don't expect much performance from gold or equities, but hey, we cannot really know specifics of so many things.