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

[JayJuanGee]

A truly bizarre virus it hops from place to place.
If this continues, election want be necessary.

This probably correlates with an average March-April temperature if anything else.
March is warm in TX (and in FL, AZ, etc) already and it is known that temp affects R naught negatively. LA might be an outlier from the trend.
Just a thought.

Show me population densities. Apples to oranges

Corona could give less than two shits whether republican or democrat.... and our lil buddy, aka bitcoin, feels the same way about partisan baloney... 

Furthermore every fucking state has been engaging in various piss poor efforts at shutting down and/or targeted strategies, so it is going to take a decently long time to compile information and sort the wheat from the chafe in terms of figuring out what has been going on and what has been effective, with also some elements of chance and unknowns mixed in the data and the assessment of the data, too.

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[JayJuanGee]

the fed and stockmarket run on hopium, and how long that that lie last? but i see your point, they will do anything to keep the stock market going as pretty much everything in the usa rides on the stock market.

bitcoin may fall along with stocks to a point but in my case when i suddenly need a largish amount fiat for whatever reason (pandemic? yeah right what are the odds of that... oh wait..) i tend to sell off my different classes of stuff (not sure what to call "classes" as i am not a financial guy, i pay people for that) equally if at all possible.

but wtf do i know all i can say for certainty is bitcoin has been very kind to me.

Are you suggesting that sometimes you will try to follow Gresham's law, vapourminer, meaning that you speculate that bitcoin is the more sound of the monies, and you tend to consider whether to sell other kinds of monies / assets before selling any of your bitcoin?

I understand that if you are already more appreciated in bitcoin, and bitcoin ends up comprising way more of the value of your various assets, then you might end up shaving off some bitcoin rather than selling some of the less valuable monies/assets, because largely you are somewhat over-allocated in bitcoin relative to the other assets/monies because bitcoin has gone way up in its value compared with the other assets.

i definitely consider bitcoin more sound than fiat, and that viewpoint has really been driven home as of late. but i really just do my own thing financially. which may not be smart but has served well enough.

basically if i need x amount of fiat money i will simply divide by n, n being the "classes" in my mind. those classes in my mind dont really correlate with traditional categories and have changed over time as i learn more about it or simply adjust based on past and what i consider potential future returns.

now bitcoin has been by far the best performing class and that means that means if im pulling say 10k USD from the bitcoin "class" its generally taken less bitcoin each time as i try to have enough fiat reserve to ride out the smaller dips and downtrends (a couple years worth of fiat have worked out) and be able to (more or less) pick decent point to sell. i do that by setting goals with laddered sell prices on the exchanges. but i also have to pick a certain date (several actually, like say a 1 month period divided into four one week periods). at each point if i havent made the price i want i still sell (in this example) 1/4th of my fiat goal, so 2500 USD , whatever that happens to be in corn at that time. this way i dont get stuck at the end if the price of corn has just gone down during that cashout period. basically i have DCAd my way out.

now this selling of bitcoin is mainly a habit from getting in this in 2011 when the possibility of bitcoin failing was much higher and i am a creature of habit and limited learning capacity so i do what has worked in the past with the least risk to my overall financial ability.

if any of that makes sense. which i certainly dont expect it to for others as i am not known for making sense or following best practices.

Largely makes sense to me... a kind of reverse DCA withdrawing that might also involve some attempts at reallocating away from bitcoin that causes you retrospectively to tentatively conclude that over the years (and maybe even continuing to date) you may have been withdrawing from BTC at a bit higher levels than what others would do, but overall you have a decent amount of BTC, so it is not like you are likely to run out soon or NOT have any, even if BTC prices go shooting up.

No problem with any of that, especially if you are overall comfortable with it, and may even decide to tweak your strategy at some point (if you get around to it)... hahahahaha

---
so i guess to me, buying corn is the 1st class of asset that i top off when i get the chance. thats the main point and far more important.

Maybe in the end, if you are both buying and selling BTC, in the end, you are NOT really doing anything much different than any other longer term BTC HODLer, even if your description is a bit different.. but in the end, there might not be a large material difference because you are both skimming off from time to time and buying from time to time and some of that might coincide with where the BTC price is at and other times it merely coincides with if you have dollar needs or not.

selling wise i have to treat corn just like any other asset. in my mind thats just the way i do it. bitcoin is both a investment and a tool to meet goals. i use it like any other tool. but it is the best tool ive ever seen.

You are a stubborn one, so probably some of your following of Gresham's law happens to be more subliminal rather than your lame attempts at equality.... hahahahaha    (hate to say that you were starting to sound a wee bit like searing for a while, there... with your seemingly both loving and hating of bitcoin at the same time.    )

[vapourminer]

selling wise i have to treat corn just like any other asset. in my mind thats just the way i do it. bitcoin is both a investment and a tool to meet goals. i use it like any other tool. but it is the best tool ive ever seen.

You are a stubborn one, so probably some of your following of Gresham's law happens to be more subliminal rather than your lame attempts at equality....  (hate to say that you were starting to sound a wee bit like searing for a while, there... with your seemingly both loving and hating of bitcoin at the same time.

stubborn? errr yeah, heh.  basically i have stuck to the plan i made many years ago when i got into bitcoin. and im more on a glide path right now. which is going to be a different strategy than those who are climbing.

but i have reallocated the percentage of these "classes" over the years too, and bitcoin has been much more prominent of late. both from a sound money point of view and a ridiculously preforming asset/investment. if push comes to shove, bitcoin will be the last thing to sell if it comes to that.

however as much as i believe bitcoin is the future of money/wealth/store of value/whatever you want to call it i do live in the present. and i do realize that my "plan," while it has worked in the past, may need drastic revision at any point.

never stop learning.

[LUCKMCFLY]

Anything that adds up to being good for Bitcoin is welcome.

Top 3 Reasons Gold (XAUUSD) Is Ready to Set a New All-Time High

Here are the top three reasons why gold (XAUUSD) is poised to set a new all-time high, and how many of the same reasons that make the precious metal exceptionally bullish could eventually bode well for Bitcoin as well.

The only asset that theoretically offers more trust, is Bitcoin, due to a lack of a third-party controlling the decentralized, digitally scarce asset.

Source: https://www.newsbtc.com/2020/05/18/gold-xauusd-all-time-high/

[Hueristic]

A truly bizarre virus it hops from place to place.
If this continues, election want be necessary.

Only retards make charts (data sets) with completely unrelated metrics.

And the only ones dumber than they are are the ones who believe those metrics correlate.

[JayJuanGee]

selling wise i have to treat corn just like any other asset. in my mind thats just the way i do it. bitcoin is both a investment and a tool to meet goals. i use it like any other tool. but it is the best tool ive ever seen.

You are a stubborn one, so probably some of your following of Gresham's law happens to be more subliminal rather than your lame attempts at equality....  (hate to say that you were starting to sound a wee bit like searing for a while, there... with your seemingly both loving and hating of bitcoin at the same time.

stubborn? errr yeah, heh.  basically i have stuck to the plan i made many years ago when i got into bitcoin. and im more on a glide path right now. which is going to be a different strategy than those who are climbing.

I was attempting to razz you a little bit with strong language, and surely, you do seem to be less in an accumulation stage, so surely there can seem to be contradictions in an approach that has gotten past the early accumulation stages, which you probably did most of that many years ago... .. and even I have largely been in a maintenance stage since about 2017, even though there may be some times that I accumulate or inject a bit more value, too... and also there are times that involve liquidation, too, and it is not exactly fitting into a description of a system that is weighted in any specific direction.. , but instead a combination of factors.. that should be accounted for differently from someone who still had not reached his/her target BTC accumulation levels.

but i have reallocated the percentage of these "classes" over the years too, and bitcoin has been much more prominent of late. both from a sound money point of view and a ridiculously preforming asset/investment. if push comes to shove, bitcoin will be the last thing to sell if it comes to that.

Sounds like a crude and real world description of Gresham's law combined with reallocation motivations.

however as much as i believe bitcoin is the future of money/wealth/store of value/whatever you want to call it i do live in the present. and i do realize that my "plan," while it has worked in the past, may need drastic revision at any point.

never stop learning.

Fair enough.  If all of a sudden, some very large and unanticipated expense rolled into your door.. you might have to say fuck.  And, you might have liquidate a decently large portion of your bitcoin's even though it was either last or towards the end of you liquidation list.

Nice for us to have those kinds of options, even though they do not necessarily resolve all issues that might end up coming in our direction.. including some major issues that could undermine our bitcoin stash, too..

[windjc]

A truly bizarre virus it hops from place to place.
If this continues, election want be necessary.

Only retards make charts (data sets) with completely unrelated metrics.

And the only ones dumber than they are are the ones who believe those metrics correlate.

Louisiana is not a democratic state, lol.

[Biodom]

mini-Bart?

[Joe-Bloggs]

Current recommended fee - 158 sat/byte
It’s butthurt miners absolutely fuming at the block reward halving so they’re prioritising high fee transactions to try & make some money back. People are paying higher & higher fees to try & get a quick confirmation.

Edit - mempool is massive

this is precisely how markets work, and saving us from chain freeze

This is true but these sudden spikes can catch you out.
I was sending my cousin some small amount in bitcoin for some silver rounds he had dropped off ( I am just trying to get him into bitcoin a bit. I know he will start collecting it and long term it is going to be better than him only stacking silver )

I left it in default settings on electrum and the fee must have shot up so I didnt get even 1 confromation for many hours.
Didn't think it would work and someone said it will just be forgotten in the end and will not go through. I sent him it again with a far larger fee. Now he got them both. Says he wants payment in bitcoin everytime now:)
I said he can keep it. I had a very good couple of weeks on just one alt coin that I didnt buy very long before and will be heading for near on 2btc soon. Crazy times.

As a quick question are the traders on this thread expecting low 8's again before going past 10.2? And if we go past 10.2 the next hard resistance will be at low 14s? Considering a tiny gamble now I had a good win.


 

[Hueristic]

A truly bizarre virus it hops from place to place.
If this continues, election want be necessary.

Only retards make charts (data sets) with completely unrelated metrics.

And the only ones dumber than they are are the ones who believe those metrics correlate.

Louisiana is not a democratic state, lol.

It will be next election. Lol

They probably went by the current Gov. rather than how they voted in the presidential.

[Paashaas]

Coronavirus Cases: 4,893,260. Deaths: 320,173. Recovered: 1,907,992.

- Global epicentre currently located in Latin America.

- India Coronavirus infections surge past 100,000, deaths top 3,000.

- Brazil passes Italy in confirmed cases.

- Russia’s southern region of Dagestan reported 3,460 cases.

- South Africa reports highest daily increase in cases.

- Qatar reported 1,364 new cases, tightened restrictions on commercial activities on Monday, ordering all shops to close until the end of the month.

- China shuts down Jilin and Shulan as new outbreak hits these cities.

- Mexico begins reopening the economy despite Covid-19 carnage.

- 36m Americans now unemployed as another 3m file for benefits.

- Poland will close schools until the end of the school year.

- The UK is one of the worst hit countries with the highest death toll in Europe so far.

- Japan lifted state of emergency across a large part of the country, but said the biggest urban centers of Tokyo and Osaka will remain under restrictions until there is a convincing containment.

- Covid-19 has been detected in one of the camps in southern Bangladesh that are home to more than one million Rohingya refugees. 60,000 to 90,000 people are jammed into each square kilometre.

- Spain and UK quarantines overseas travellers.

- A dog and three cats in the Netherlands have been infected with Corona.

- Australia slowly relaxes lockdown, Victoria battles Corona clusters.

- Sao Paulo's hospitals reached 90% capacity and are near collapse.

- India extends lockdown.

- France closed seventy schools after one week it re-opened.

- English Premier League soccer teams will begin practicing in small group sessions.

- Chile's poor clash with police amid concerns over food shortages in outskirts of Santiag.

- Coronavirus crushes Asia’s garment industry.

[bitebits]

[...] I left it in default settings on electrum and the fee must have shot up so I didnt get even 1 confromation for many hours.
Didn't think it would work and someone said it will just be forgotten in the end and will not go through. I sent him it again with a far larger fee. Now he got them both. [...]

Let it take a day or so to confirm, there are mempool dips during the day. Bitcoin got you spoiled.

And activate replace-by-fee when using Electrum. This allows updating the fee after the transaction was broadcast if it turns out that the first estimate was insufficient. The setting can be found at Tools > Preferences > Fees > Enable Replace-by-Fee.

[JSRAW]

J.K. Rowling is starting to piss me off on Twitter now, begging for attention. Nobody cares if you don’t want to invest in bitcoin, we don’t need your worthless fiat to moon, silly old boomer cunt.

She has millions of followers so look at the positive and take this as a free publicity. who knows if some of her followers might end up buying some BTC.

[Room101]

J.K. Rowling is starting to piss me off on Twitter now, begging for attention. Nobody cares if you don’t want to invest in bitcoin, we don’t need your worthless fiat to moon, silly old boomer cunt.

She has millions of followers so look at the positive and take this as a free publicity. who knows if some of her followers might end up buying some BTC.

Pretty much everyone knows about bitcoin, it didn't help that all the replies were retarded. But it doesn't matter, the next era of bitcoin will be because its necessary, not because of publicity, or speculation, or technical curiosity like previous era's.

[JayJuanGee]

J.K. Rowling is starting to piss me off on Twitter now, begging for attention. Nobody cares if you don’t want to invest in bitcoin, we don’t need your worthless fiat to moon, silly old boomer cunt.

She has millions of followers so look at the positive and take this as a free publicity. who knows if some of her followers might end up buying some BTC.

Pretty much everyone knows about bitcoin, it didn't help that all the replies were retarded. But it doesn't matter, the next era of bitcoin will be because its necessary, not because of publicity, or speculation, or technical curiosity like previous era's.

Lot's of people have heard of bitcoin, sure... of course, but they have hardly no fucking clue about what it is, including some people who buy it, and I am not even excluding myself from such person's who have difficulties understanding what the fuck bitcoin is. 

In other words, I would not presume anything even close to full knowledge coming from anyone merely because they had heard what bitcoin is and they are able to describe it in one or two sentences.

[Room101]

J.K. Rowling is starting to piss me off on Twitter now, begging for attention. Nobody cares if you don’t want to invest in bitcoin, we don’t need your worthless fiat to moon, silly old boomer cunt.

She has millions of followers so look at the positive and take this as a free publicity. who knows if some of her followers might end up buying some BTC.

Pretty much everyone knows about bitcoin, it didn't help that all the replies were retarded. But it doesn't matter, the next era of bitcoin will be because its necessary, not because of publicity, or speculation, or technical curiosity like previous era's.

Lot's of people have heard of bitcoin, sure... of course, but they have hardly no fucking clue about what it is, including some people who buy it, and I am not even excluding myself from such person's who have difficulties understanding what the fuck bitcoin is. 

In other words, I would not presume anything even close to full knowledge coming from anyone merely because they had heard what bitcoin is and they are able to describe it in one or two sentences.

Agree 100% Pretty sure none of the replies will help anyone with that! 

My larger point I suppose, was that I don't think the next leg up will be people buying because they saw a J.K tweet, but because they need to buy it.

[JSRAW]

J.K. Rowling is starting to piss me off on Twitter now, begging for attention. Nobody cares if you don’t want to invest in bitcoin, we don’t need your worthless fiat to moon, silly old boomer cunt.

She has millions of followers so look at the positive and take this as a free publicity. who knows if some of her followers might end up buying some BTC.

Pretty much everyone knows about bitcoin, it didn't help that all the replies were retarded. But it doesn't matter, the next era of bitcoin will be because its necessary, not because of publicity, or speculation, or technical curiosity like previous era's.

Pretty much everyone??? May be In parallel dimension.

About retarded replies... what else you can expect from the nerd community when talking with the opposite sex 

[Room101]

J.K. Rowling is starting to piss me off on Twitter now, begging for attention. Nobody cares if you don’t want to invest in bitcoin, we don’t need your worthless fiat to moon, silly old boomer cunt.

She has millions of followers so look at the positive and take this as a free publicity. who knows if some of her followers might end up buying some BTC.

Pretty much everyone knows about bitcoin, it didn't help that all the replies were retarded. But it doesn't matter, the next era of bitcoin will be because its necessary, not because of publicity, or speculation, or technical curiosity like previous era's.

Pretty much everyone??? May be In parallel dimension.

About retarded replies... what else you can expect from the nerd community when talking with the opposite sex 

 

[Cryptotourist]

Only retards make charts (data sets) with completely unrelated metrics.

And the only ones dumber than they are are the ones who believe those metrics correlate.

Yikes!

Phew:

San Marino has had 41 deaths out of a population of 33,000. 

So that suggests about 3,300 cases or about 10% of the population. 

So San Marino has by far the highest death rate in the world per head of population but is a long way from herd immunity. 

But, but:

- A dog and three cats in the Netherlands have been infected with Corona.

Now I'm scared.

[JayJuanGee]

J.K. Rowling is starting to piss me off on Twitter now, begging for attention. Nobody cares if you don’t want to invest in bitcoin, we don’t need your worthless fiat to moon, silly old boomer cunt.

She has millions of followers so look at the positive and take this as a free publicity. who knows if some of her followers might end up buying some BTC.

Pretty much everyone knows about bitcoin, it didn't help that all the replies were retarded. But it doesn't matter, the next era of bitcoin will be because its necessary, not because of publicity, or speculation, or technical curiosity like previous era's.

Lot's of people have heard of bitcoin, sure... of course, but they have hardly no fucking clue about what it is, including some people who buy it, and I am not even excluding myself from such person's who have difficulties understanding what the fuck bitcoin is.  

In other words, I would not presume anything even close to full knowledge coming from anyone merely because they had heard what bitcoin is and they are able to describe it in one or two sentences.

Agree 100% Pretty sure none of the replies will help anyone with that!  

My larger point I suppose, was that I don't think the next leg up will be people buying because they saw a J.K tweet, but because they need to buy it.

Well, Room 101, you have been around the block a few times, so you are no newbie to the bitcoinspace, and likely you realize that a lot of measurements of differences end up being on the margins - in other words, sometimes perceptions and even just the fact that a bunch of friends in a social group keep talking about bitcoin causes other people in the group to "look into the matter" more closely and can make a difference between whether they buy some bitcoin or just stay on the sidelines.

Probably, you are correct with any suggestion that bitcoin likely gives few shits about whether these JK Rowling fans buy bitcoin or not, but in the end, we have all kinds of fringe groups and fringe uses in bitcoin, and on the margins, these fractionalized groups can end up making some differences in terms of network effects and spreading the word and raising awareness, even if bitcoin hardly gives any shits whether they join in or not, and it is NOT like bitcoin needs them.. but at the same time, bitcoin cannot exclude them either... just like it cannot exclude Roger Ver or Craig Wright when they come back to bitcoin on their knees.. and who cares whether Roger Ver or Craig Wright come back to bitcoin, which is likely inevitable that they will anyhow, and their coming back also makes differences on the margins in terms of increasing usage, network effects etc.

About retarded replies... what else you can expect from the nerd community when talking with the opposite sex  

Bitcoin does not discriminate.

She accepts: retards, fanaticals, drug dealers, MILFs, grandmas, refugees, computer nerds, normies, financial wizards, governments, agriculture workers, non-profit organizations, Corona virus survivors, maids, famous authors (even if they write dumb stuff), construction workers, nobel laureates, Chinamen, 14-year old snot-nosed brats, democrats, porn stars, daddies contributing towards a child's college fund, homeless abled-bodied young men, priests, and whatever classification of person or institution is thrown her way.  Sure some of them will be tricked out of their coins along the way, but bitcoin no doesn't care.