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

[Arriemoller]

Doesn't sound like the Flu...

Good to hear you're alive. Any ideas on how you might have gotten it?

Yes, my idiot brother went to a dinner party, one of the guests was infected, he then passed it on to me.

Thanks, that's a very good bit of data, was he next to the sick person, were they coughing, and did he cough on you? Does he live with you?

Sorry for all the questions, but you're the second person I know who got this and lived (several didn't).

Thanks again!

I'm so sorry for your losses,that must be terrible.

Both I and my brother have made sure to take plenty of vitamin D, like over 5000  IE a day, and zink, and made sure not to take any cholesterol lowering drugs during this pandemic.

A woman at the dinner party had a slight cough, she later lost her sense of smell and that's when she understood she got covid-19. Both my brother and his wife got infected, this was on a Thursday, when I visited them on Sunday and had lunch with them my brother was coughing and that must have been when I got it, because about five days later I started getting symptoms.
He doesn't live with me but I visit him and his wife regularly for dinner.
His wife is in a worst state, in bed with a high fever and cough, my brother is felling pretty ok, not totally cured, but good enough to work from home. (he's a forwarding agent at Postnord, formerly the royal (Swedish) mail).

[Arriemoller]

Now, let me explain to all of you why the Swedish government is not closing down society and quarantining people/closing of areas.

This is a little known fact outside Sweden, and it rarely comes up in the debate.
Neither the Swedish government nor the Swedish parliament has the authority to do that.
The Swedish constitution guarantees all citizens the right to free movement in peacetime, no exceptions but one, people with a dangerous contagious disease can be forcefully quarantined according to the contagious disease act. But that only applies to specific individuals.
And there is no such thing as marshal law in Sweden, not allowed by the constitution.

So, no matter how much people or other countries bitch about Swedens way of handling the crisis, nothing is going to change.
You can change the constitution, but that reacquires two parliament votes with one general election in between.
We might se a change in the wording in the constitution from just "wartime" to "war and pandemics" or something like that, but no such change has been suggested yet.

I rarely post here, but as a fellow Swede I felt I just had to respond.

First of all, I'm happy you are feeling better and I hope you make a full recovery soon.

The Swedish situation has little to do with its laws, but rather as a result of the recommendations by the Government in general, and by the FHM (The Swedish Public Health Authority) in particular, or should I rather say the lack of thereof.

Take our neighbouring countries Norway and Finland as an example. We share similar laws and we have similar traditions, ways of living etc. They have 232 respectively 297 death, compared to Sweden's 3674 death as of today. The difference is their governments has acted much more forcefully and managed to protect their elders.

The lack of testing of workers in hospital and nursing/elderly homes has made the virus spread uncontrollably among our most vulnerable people.

Myself is utterly disgusted how Swedish authorities has handled this pandemic so far.

We are not in disagreement, I'm not happy with the lack of protection of the elderly and the lack of good recommendations. I'm just explaining why we will not see a lock down in Sweden.

[Arriemoller]

Now, let me explain to all of you why the Swedish government is not closing down society and quarantining people/closing of areas.

This is a little known fact outside Sweden, and it rarely comes up in the debate.
Neither the Swedish government nor the Swedish parliament has the authority to do that.
The Swedish constitution guarantees all citizens the right to free movement in peacetime, no exceptions but one, people with a dangerous contagious disease can be forcefully quarantined according to the contagious disease act. But that only applies to specific individuals.
And there is no such thing as marshal law in Sweden, not allowed by the constitution.

So, no matter how much people or other countries bitch about Swedens way of handling the crisis, nothing is going to change.
You can change the constitution, but that reacquires two parliament votes with one general election in between.
We might se a change in the wording in the constitution from just "wartime" to "war and pandemics" or something like that, but no such change has been suggested yet.

I rarely post here, but as a fellow Swede I felt I just had to respond.

First of all, I'm happy you are feeling better and I hope you make a full recovery soon.

The Swedish situation has little to do with its laws, but rather as a result of the recommendations by the Government in general, and by the FHM (The Swedish Public Health Authority) in particular, or should I rather say the lack of thereof.

Take our neighbouring countries Norway and Finland as an example. We share similar laws and we have similar traditions, ways of living etc. They have 232 respectively 297 death, compared to Sweden's 3674 death as of today. The difference is their governments has acted much more forcefully and managed to protect their elders.

The lack of testing of workers in hospital and nursing/elderly homes has made the virus spread uncontrollably among our most vulnerable people.

Myself is utterly disgusted how Swedish authorities has handled this pandemic so far.

Let me also elaborate a bit, there is a shitload of things that the government/parliament can do that they haven't, they can for example, after some bureaucratic acrobatics, close of smaller areas using the pandemics act, but closing of all of Stockholm for example is not allowed, it would probably be to big an area. The important thing is that they do not have the power to lock everybody in their houses and restrict travel, with some exemptions.

[lightfoot]

I'm so sorry for your losses,that must be terrible.

Thank you. One friend did blow his brains out while sick, so I don't know if that counts or not.

A woman at the dinner party had a slight cough, she later lost her sense of smell and that's when she understood she got covid-19. Both my brother and his wife got infected, this was on a Thursday, when I visited them on Sunday and had lunch with them my brother was coughing and that must have been when I got it, because about five days later I started getting symptoms.
He doesn't live with me but I visit him and his wife regularly for dinner.
His wife is in a worst state, in bed with a high fever and cough, my brother is felling pretty ok, not totally cured, but good enough to work from home. (he's a forwarding agent at Postnord, formerly the royal (Swedish) mail).

Once again, thank you for the data. Sounds very contagious, I'll keep this in the back of my mind.

[Paashaas]

Really?

Mike Tyson (53) VS Evander Holyfield (57).

[Room101]

.

[Arriemoller]

how do you "forget" to wear your mask?

fuck, we be bleaching every goddamned item that enters the house

pain in the fucking ass

yup. except using hydrogen peroxide here. got carried away with the strength when mixing it down from 7% solution. ouch. now i know why you can use it for rocket fuel. well, sorta. but now i have much healthier respect for it.

you...youuuuuu...
No hydrogen peroxide OR bleach OR isopropyl alcohol in any grocery store or pharmacy around here (and wasn't for the last two months).
Every time I go to pharmacy I can barely contain myself from yelling at the staff about this.
WTFF (that would be f--ie f--k)

It's out in Sweden to, or was, it's slowly coming back in stock.
But I had no trouble ordering from the internet, the place is full of it.
Not that I'm gonna need it now.

[600watt]

it is not likely but nothing in bitcoin is impossible: before the run-up to 1.2k in late 2013 there was a short but scary dip end of september, which was due to silkroad getting busted and all the noob hodlers panicked since now there was "no use case for bitcoin anymore"  price fell from $125 to $85 within minutes. bitcoin was dead for sure. then it recovered also within minutes and as soon as everyone noticed that bitcoin wasn´t dead it started its famous run to 1.2k.  maybe the corona-dip was the same kind of dip? it was a make-or-brake moment for btc for sure.
i know it´s a far stretch. we will know in a few weeks when price is over $80k... 

[bitebits]

Dear $€£ fourdigit sellers,

Resistance is futile. A five digit bitcoin is happening whether you like it or not. The WO is sorry for your loss though, so please come join us in the journey adding the next 10K towards the ATH.


Thank you.

[serveria.com]

The <10K sale has nearly concluded, Congrats to the stackers and hodlers! Up to the traders now. Launch pad or bear market.  I'm equally excited both directions  Let er rip!

Bear market? We've had enough of bear market...

[serveria.com]

it is not likely but nothing in bitcoin is impossible: before the run-up to 1.2k in late 2013 there was a short but scary dip end of september, which was due to silkroad getting busted and all the noob hodlers panicked since now there was "no use case for bitcoin anymore"  price fell from $125 to $85 within minutes. bitcoin was dead for sure. then it recovered also within minutes and as soon as everyone noticed that bitcoin wasn´t dead it started its famous run to 1.2k.  maybe the corona-dip was the same kind of dip? it was a make-or-brake moment for btc for sure.
i know it´s a far stretch. we will know in a few weeks when price is over $80k... 

Yeah and some peeps here are still unsure which way will btc go... seriously? After 2 years of bear a drop of 80 something % from the ath and a flash crash to 3k weeks before the halving? Really? 

[serveria.com]

At $10k btc is still DIRT CHEAP!

[JayJuanGee]

Never bet the house.  Because if you lose, then you don’t have a house.

He is not betting the house, he is selling it. He needs to rent either way, and possibly could continue to rent after finding a job.

Selling is also not good idea in this quarantin days as this can create many problems for seller.

Ask Elwar how it worked out for him?

Elwar sold his house right around the time of the 2016 halvening, so in a similar situation 4 years earlier.

He was also underwater for a few months after he bought bitcoin with his house proceeds for several months, and a lot of people referred to him as gambling a bit too much... but we know what happened in late 2016, so he would have broken even and started to be in profits by the end of the year, and 2017 was even better.

Yeah, personally, I would have had problems allocating so much into bitcoin, and especially in a lump sum like that, so surely each person should be weighing how the rest of his finances are doing, and be prepared for the BTC price to either go down and just make sure that living expenses and emergency funds are covered.. but sure in Elwar's case, it seemed to have worked out pretty decently, and we have heard of some other folks who invested like that during an exponential BTC price growth period and did not work out so well for them, but would have likely worked out o.k. if they would have been able to hold their position for more than 4 years.

A well known dude (@Davinci) is selling the house to buy bitcoin with proceeds (surprisingly, wifey is on board, apparently).
https://twitter.com/Davincij15/status/1260243620956954624

Reactions? A timely move or not? To me, maybe too much risk inasmuch as having a shelter has more meaning than just an investment. In fact, I never thought about the house as an investment, but more like as a place to live without getting bothered by a greedy landlord.

Never bet the house.  Because if you lose, then you don’t have a house.

Sold my house. Put all the money from the sale toward BTC at around $660.

Bet the house.

No need to ask Elwar.

He will tell you, voluntarily.   

[Krubster]

it is not likely but nothing in bitcoin is impossible: before the run-up to 1.2k in late 2013 there was a short but scary dip end of september, which was due to silkroad getting busted and all the noob hodlers panicked since now there was "no use case for bitcoin anymore"  price fell from $125 to $85 within minutes. bitcoin was dead for sure. then it recovered also within minutes and as soon as everyone noticed that bitcoin wasn´t dead it started its famous run to 1.2k.  maybe the corona-dip was the same kind of dip? it was a make-or-brake moment for btc for sure.
i know it´s a far stretch. we will know in a few weeks when price is over $80k... 

I was one of those n00bs. If I recall correctly, it dropped all the way down to $60-70, where I managed to panick-sell. That's the last time I've ever sold any substantional amount of my stash, hodling strong ever since.

It looks like we are going to make an attempt to break the 5-digit barrier today. Bullish.

[Room101]

.

[JayJuanGee]

Sorry to break your COVID skirmish guys, but we're almost touching 10k now... now this is getting interesting

These might be our last hours in which we can get coins in the 4 digits...


Perhaps?

[Biodom]

We lacked blocks for 89 min, then Slushpool bangs two in a row earning 29% extra in fees.
Miners talk: "You said halving? Where we go, you might not even care much about halving"

[Ibian]

My dad is terrified of this virus, we avoid direct physical contact and touching the same things.

Still? Holy fuck, its been months since you returned. Looks like a personal prison is the 'new normal". Free Dad!!!  and Ibian

We are not at 80% immunity yet. More like maybe 5%. Things are just getting started.

Main issue for us is that my mom is a nurse so she is the one most likely to get infected, I don't use gloves or mask making me almost as likely, and my dad is old and male. We live a long time in my family and we don't wanna lose him 20 years before his time.

[AlcoHoDL]

Holding bitcoin is always pretty stressful.

[...]

Not really. Not for me anyway. In fact, I've never slept better in my entire life since I became a HoDLer.

For a stress-free Bitcoin experience, you need 3 things:

1. Some capital to start you off, which you consider "already lost" the moment you exchange it for BTC.
2. Patience.
3. Believing in the idea/algorithm.

It's like a religion really, except that it is backed by science, and paradise is guaranteed to come in this lifetime.

[600watt]

Holding bitcoin is always pretty stressful.

[...]

Not really. Not for me anyway. In fact, I've never slept better in my entire life since I became a HoDLer.

For a stress-free Bitcoin experience, you need 3 things:

1. Some capital to start you off, which you consider "already lost" the moment you exchange it for BTC.
2. Patience.
3. Believing in the idea/algorithm.

It's like a religion really, except that it is backed by science, and paradise is guaranteed to come in this lifetime.

cant wait for the 72 WO virgins waiting for me in heaven....