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

[Indymoney]

Though I do hope you buy back 1 coin and slowly buy when possible

I will get to 1 full coin. (at least) Not instantly but I will.

Good then your future is set

Not sure about it. To me, it is just another fun lottery ticket.   I stopped being so obsessive with bitcoin or crypto. Chasing some other obsession now.  

Found some other way to keep my brain busy.

So, what is your new obsession? Perhaps we'll just dump BTC and switch to your newer, more profitable investment? 

If this could be better then Bitcoin then many will switch to this way for better profit.

[1715336048]

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[xhomerx10]

................
  I must have missed the part where you were writing about potential renal acid load

If something is considered normal there is no need to special mention it.
The same way when someone talks about cryptocurrency, the is no need to mention Bitcoin, it is the metric and not Dogecoin.
If someone wants to apply a scale made for battery acid on food he certainly can do so if he wants.

Common sense also means if healthy blood/body is on alkaline side of things the total daily food/drink intake must also be higher alkaline.
The most alkaline food I know Marmite/Vegemite...with -41.9  (dried or dehydrated Chives is -50.6, food?)
What politicians do with food what is available for more than 100 years?
Lets starve some more brain-cells of vital oxygen and recycle CO₂, corrupt politicians know whats best (for the own pocked).

  Okay, I was trying to be nice.  Potential renal acid load is not "normal" and my sense is telling me that neither are you.

 The pH scale was developed in Carlsberg Research Laboratory so they could brew better beer.  The first electronic device for measuring pH was developed at CalTech for Sunkist growers in the US; they wanted something to test the pH of the lemons in the field before picking them...   

  ...but if somebody wants to apply a scale made for testing foods on their shit, he can certainly do so if he wants.

  IMHO, a lack of Vegemite should be the least of your concerns.

[degxtra1]

Mind blowing. The disastrous Oxford / RECOVERY trial that was used to block hydroxychloroquine as a treatment for coronavirus... used a fatal dose. The reason they got the dose wrong was because they confused hydroxychloroquine with hydroxyquinoline.


https://twitter.com/uTobian/status/1272676223982829569

http://covexit.com/recovery-covid-19-research-blasted-for-toxic-dosage-towards-oxfordgate/

[Ibian]

... before you believe some pigeon english BS on the intertubes here's a back-of-envelope from the disease epicenter first wave in Italy.

The recent reports from N. Italy city Bergamo has anti-body testing showing 57% had CoVid-19 antibodies (highest percentage known and getting close to 'herd immunity') ... but at what cost?

Bergamo 'excess' deaths above normal year were around 6,000 and tot. population of Bergamo is ~120,000.

57% of 120,000 is 68,400 have developed anti-bodies (assumed contracted covid at some point)
of them ~6,000 perished therefore total case fatality rate ~8.8%

This is what happened in N. Italy when hospitals got overwhelmed, CFR goes up scarily. Most other numbers with modern healthcare operating normally (i.e. not triaging) Western CFR are around 1% and looking quite consistent across countries, regions. Also N. Italy was unlucky to be first in firing line and early days when no-one knew wtf was happening, thanks for the heads-up China assholes. Now there is much better understanding that this virus primarily attacks the blood (and other ACE2 receptor-bearing cells), not a flu-like respiratory disease, and distressed respiratory symptoms are only one of many possible outcomes.

It's a really shit disease almost like it was designed to impact modern society maximally. 80% of people who get it have mild symptoms so it is easy to dismiss 'as just a cold'. Long incubation times, people get the virus and feel little to nothing, don't know why to bother so go around spread disease everywhere, sometimes asymptomaticaly. People who get it severely need intensive hospital care and can survive quite well, but without will die in progressively larger percentages.

The long incubation times and high percentage of healthy and younger people unaffected when catching the disease almost guarantee there will be a second wave because social psychology of locking people up for flattening the curve of the second wave is now basically impossible. The hospitals will probably become overwhelmed and it will run its course with high CFR. Unless there are discoveries of vaccines or therapeutic treatments that can keep people who would have been previously severely affected people out of hospital in sufficient numbers. Hopefully disease tracing, public information of preventative measures and surge capacity in hospitals have had time to expand greatly but Western public institutions seem to be in a corrupt shambles globally.

Okay but that's italy, the country where they hug and kiss after not washing their hands after pooping.

Americans have a hard time understanding this, especially with how comparatively small a lot of european countries are, but europe is not just one people like in the states. Italians are not scandinavians or english and would never be confused for them. Not just because of cultural differences but because we are distinctly different on a genetic level.

We still don't know how big a difference this makes in terms of disease, especially this specific disease. Will be interesting to find out when we have enough data.

[JimboToronto]

Good morning Bitcoinland.

Still stuck in the mid-$9xxx doldrums... currently $9555USD/$12915CAD (Bitcoinaverage).

Tumbling tumbleweeds. Need moar coffee please.

Nothing like M0ar corporate welfare to bail out the so called capitalist leaders of the world that can't stand on their own 2 feet.

Corporations are just collectivist organizations like banks, communist parties, unions, or religions.

[Ibian]

[Ibian]

Mind blowing. The disastrous Oxford / RECOVERY trial that was used to block hydroxychloroquine as a treatment for coronavirus... used a fatal dose. The reason they got the dose wrong was because they confused hydroxychloroquine with hydroxyquinoline.


https://twitter.com/uTobian/status/1272676223982829569

http://covexit.com/recovery-covid-19-research-blasted-for-toxic-dosage-towards-oxfordgate/

Okay, calling it. We live in opposite times. Never attribute to stupidity what can be adequately explained by malice. Time to hold people accountable for their mistakes, intentional or otherwise.

[Torque]

The first analysis by roach I actually like:

A dollar crash is virtually inevitable, Asia expert Stephen Roach warns

"The U.S. economy has been afflicted with some significant macro imbalances for a long time, namely a very low domestic savings rate and a chronic current account deficit," the former Morgan Stanley Asia chairman told CNBC's "Trading Nation" on Monday. "The dollar is going to fall very, very sharply."

His forecast calls for a 35% drop against other major currencies.

"These problems are going from bad to worse as we blow out the fiscal deficit in the years ahead," said Roach, a Yale University senior fellow.

This is it, COVID-19 steered our live to the worst in every negative way. Less health, less security, less privacy, more government, more failures ahead.

This isn't it, covid-19 is not the reason. There was a severe banking crisis in November last year when repo rates on the interbank market hit 10%. The Fed restarted printing money in November 2019. Covid-2019 is just a cover up!

Actually I think the Fed started printing and pumping money into the repo market as early as September 2019.

But alas becoin, most of the npcs around here just refuse to believe that Covid was a cover up for the inevitable "plandemic". They think it was the cause, when in fact it was the distraction.  They needed a valid reason to eject 20M+ U.S. citizens to the unemployment line, and print another $3T at 0% interest to give to Wall Street and the central banks, otherwise the people may turn their ire to focus on the real problem.

And I'm sure that in another 7-10 years, there will be another "crash" that totally wasn't planned. Hmmm, I wonder what will the cover story be next time? Another terrorist attack? Another so-called plague? War? Whatever the cover story will be, I'm sure they will convince the people that it was the cause as well. Then you can expect mass layoffs (again), and the Fed to print another many trillions $$$ at zero rates and hand it directly to the wealthy elite (again), all the while telling the commoners that they are "being saved from utter destruction" (again) with these actions. This is their business cycle modus operandi, and they will play that game over and over and over. Because apparently it works on the weak-minded 100% of the time, every time.

[lightfoot]

While I think that Torque's assertion that COVID is a "manufactured emergency" is a complete crock of shit, I do think that the stock markets are no longer "markets" in the traditional sense. When junk bonds (totally unsecured, trash) are bought by the government using the "money" of the "people" we have ceased to have a market that rewards innovation and punishes ineptitude. There is no more risk so companies should make the crappiest decisions possible to increase short term reward to the stockholders. When things go bad stockholders win by making the money machine go brrrrrr....

So consider COVID a convenient excuse, replacing the "well, we have to elect Trump at any cost, so the US taxpayer should fund his re-erection".

The next logical step of course is for the government to only invest in "right" companies. The reason for this is we certainly wouldn't want money going to abortion clinics (R) or gun companies (D) or whatnot. At which point the only fundamental axiom that will matter to the "market" is that of political pull.

The depressing part is this outcome sits at the feet of the mighty 401k: Once you set the perception that if the "market" fails you will be eating dog food in retirement it simply becomes another socialized version of "social security". The fact that well connected people (ie: pull) will profit handsomely from this is simply a "cost of doing business".

I believe this is why the Republicans always wanted Social Security to be invested in the market. However they seem to have accomplished their goal by raiding SS funds and using the IOU's to fund the market anyway. Ah well....

Wonder if any free markets exist in the world, aside from bitcoin.

[Paashaas]

Beijing raised emergency response level II to III and closed all schools.


https://twitter.com/jenniferatntd/status/1272848701040537601

[JimboToronto]

Majority of sicknesses including Covid is nothing else as wrong nutrition.
Daily intake of about 70% alkaline and 30% acidic food and anyone is as strong as can be. Flu, Covid, Common Cold.... not a worry.

Like a 2 component glue if mix according to instruction its hold well, if mixed wrong and 90% hardener is used or something crazy it will break at first sign of stress.

Acidic food: Seafood, Meat, Cheese, Grains (Wheat, Rye, Rice..), pasteurized food, Milk, Pale Beer, Carbonated drinks (sparkling mineral water, Coke...)
Alkaline  food: Fruit, Vegetables, Herbs/Spices, natural fermented food, Honey, Some Nuts (Chest, Pine, Coco, Hazel, Macadamia), Wine, Draft Beer, Stout Beer, Coffee, Tea...

What else is Acidic, Face Mask as exhaled CO2 (acidic) is partly re-inhaled because mask prevent it from being proper exchanged for fresh oxygen.

Healthy blood pH is 7.35 - 7.45 slight alkali, 7 is neutral, 0 max acid, 14 max basic (alkali), log scale

 WTF kind of weird science are you on?  Last time I checked, the neutral level on the pH scale was 7.  Anything below was considered acidic and anything above was considered alkaline.  ALL fruits and vegetables have a pH of less than 7, most fruits are extremely acidic.  Did you just make this up today?  This is surreal.  Please stop "helping" us.

N.B. It's a good idea to eat fruits and veggies. Do not ingest glue and/or hardener or subject yourself to stresses that will break you.
disclaimer: I am not a pharmacist.

Isn't pseudoscience hilarious?

What's next? Colloidal silver cure-alls? Turmeric with cider vinegar for longevity? The anti-carcinogenic effects of chanting mantras?

I was already laughing before I even got to the part about fruits being alkaline. Lawl.

I think I prefer actual double blind controlled experimentation, analysis of the microbiological chemistry of pathogens, and development of blockers for necessary chemicals required by these pathogens.

Yes, good diet is important but that has nothing to do with pH hocus-pocus. It has more to do with a good variety of fresh foods in moderation, with minimal processing.

[Tash]

Majority of sicknesses including Covid is nothing else as wrong nutrition.
Daily intake of about 70% alkaline and 30% acidic food and anyone is as strong as can be. Flu, Covid, Common Cold.... not a worry.

Like a 2 component glue if mix according to instruction its hold well, if mixed wrong and 90% hardener is used or something crazy it will break at first sign of stress.

Acidic food: Seafood, Meat, Cheese, Grains (Wheat, Rye, Rice..), pasteurized food, Milk, Pale Beer, Carbonated drinks (sparkling mineral water, Coke...)
Alkaline  food: Fruit, Vegetables, Herbs/Spices, natural fermented food, Honey, Some Nuts (Chest, Pine, Coco, Hazel, Macadamia), Wine, Draft Beer, Stout Beer, Coffee, Tea...

What else is Acidic, Face Mask as exhaled CO2 (acidic) is partly re-inhaled because mask prevent it from being proper exchanged for fresh oxygen.

Healthy blood pH is 7.35 - 7.45 slight alkali, 7 is neutral, 0 max acid, 14 max basic (alkali), log scale

 WTF kind of weird science are you on?  Last time I checked, the neutral level on the pH scale was 7.  Anything below was considered acidic and anything above was considered alkaline.  ALL fruits and vegetables have a pH of less than 7, most fruits are extremely acidic.  Did you just make this up today?  This is surreal.  Please stop "helping" us.

N.B. It's a good idea to eat fruits and veggies. Do not ingest glue and/or hardener or subject yourself to stresses that will break you.
disclaimer: I am not a pharmacist.

Isn't pseudoscience hilarious?

What's next? Colloidal silver cure-alls? Turmeric with cider vinegar for longevity? The anti-carcinogenic effects of chanting mantras?

I was already laughing before I even got to the part about fruits being alkaline. Lawl.

I think I prefer actual double blind controlled experimentation, analysis of the microbiological chemistry of pathogens, and development of blockers for necessary chemicals required by these pathogens.

Yes, good diet is important but that has nothing to do with pH hocus-pocus. It has more to do with a good variety of fresh foods in moderation, with minimal processing.

I am still laughing, will be for a little while.
Calling a multi year scientific study with 100000 participants, pseudoscience is someone who lost track of life and reality.
https://bitcointalk.org/index.php?topic=178336.msg54627232#msg54627232

[Wekkel]

http://www.worldfuturefund.org/Documents/tr.jpg

Theodore: was shot but still delivered his 84 minute speech nonetheless.

Those were real men.

[Torque]

The depressing part is this outcome sits at the feet of the mighty 401k: Once you set the perception that if the "market" fails you will be eating dog food in retirement it simply becomes another socialized version of "social security". The fact that well connected people (ie: pull) will profit handsomely from this is simply a "cost of doing business".

401ks have become a complete scam, the people just don't realize it yet. They just believe what they are told by their parents, family members, and "financial experts". Why do you think that 401ks lock peoples money in until they are 65 years old? There is a huge reason for that.

I believe this is why the Republicans always wanted Social Security to be invested in the market. However they seem to have accomplished their goal by raiding SS funds and using the IOU's to fund the market anyway. Ah well....

I guess you were asleep for 8 years while Obama and the Democrats were "raiding SS funds and using the IOU's to fund the market" ? Not saying they were the first though, both Rep and Dem administrations have been doing that for decades now. SS and pensions have become two of the largest Ponzi scams to date.

Wonder if any free markets exist in the world, aside from bitcoin.

Nope.

[JayJuanGee]

I am willing to take the risk.

Golden rule: don't risk more than you could afford to lose.  

Exactly, mindrust.

I see you are going back to basics.. which is not necessarily a bad thing... especially if you know that you had missed some basic lessons along the way, in your first 6.5 years investing into bitcoin.

Maybe in some time that is less than 6 years, you will be in a similar place to where you had been.... but even MOAR better, because you are starting from the beginning and getting rid of some of your old bad habits, presumably.. we hope...  We hope..


By the way, I feel a need to repeat myself; however, after a bit more than a year and a half of my having had invested into bitcoin, which would have been about July/August 2015 (right after the BTC price had shot up from the mid $200s to $317 and then largely corrected back below the mid $200s), I had decided that, at that point, it was o.k. (permissible) for me to invest a little bit extra into bitcoin (slightly beyond what I had considered to be an acceptable level of investment), so that I would feel comfortable selling a little bit of bitcoin once the BTC price would go up, presuming that at some point BTC prices would go up.... and yeah, by then we had been mostly bouncing around in the mid $200s for a considerable amount of time.. in spite of the one bounce above $300 in mid-July.

Sure, there was a bit of a presumption in my continuing to invest in bitcoin and developing a plan to overload my BTC investment a bit, so that at some point, I would feel comfortable skimming some off with the presumable upward movement of BTC's price that might have never come... I presumed based on some level of confidence that I had established by studying the space for more than a year and a half, that I was investing in something that had decent fundamentals and that at some point the BTC price was going to go up, yet at the same time, if the BTC price had continued to stay flat or to have gone down from its then $200s in 2015, I would have merely just continued dollar cost averaging buying.. but probably keeping my investment amounts very low because I had already felt that I had invested a lot into BTC and my then investment was floating around 50% in the negative when the BTC price was in the mid $200s because my costs per BTC were around $500.. but slowly coming down.. but still pretty damned high, relative to the then price...

Presumably, I was prepared to ride it all the way down to zero, even though I had only been tested to $150 in around late January 2015 and down to around $200 in late August 2015... So, yes, even those downward tests were gut wrenching.. and something that caused some test of my determination to ride the whole thing down to zero, if need be.. because I did not see any meaningful undermining of BTC's fundamentals in 2015 as compared to when I had started to invest in late 2013, and I saw the fundamentals to have been stronger in 2015... just like I see the fundamentals of BTC to be several magnitudes stronger than they were just a few years ago... even as compared to the late 2017 top of or then price spurt...

in other words, BTC seems to be fundamentally stronger today than it was in late 2017.. .. and sure you can believe otherwise, if you like and temper down your investment level to the level of your belief in the strength of BTC's fundamentals.   Like you said, don't be willing to invest more than you are willing to ride all the way down to the bottom, if need be... and hopefully, it does not come to that... hahahahahaha    

Define risk. There for example is quite some risk getting more dollars for your bitcoin at a future date.
Some people don’t like taking that risk.

What Is Risk?
Risk is defined in financial terms as the chance that an outcome or investment's actual gains will differ from an expected outcome or return.

In my opinion risk usually translates into volatility on charts.

The more wildly it goes up and down, it means the more risky the asset is.

Not always but usually that.

Read the bold part, it means you may make more or less value than what you expected.

You seem to imply that risk of going to zero is different from volatility risk, which would be true, but at the same time you are convoluting the concepts (which would be erroneous thinking).

There are different tactics that BTC investors can take to protect themselves from volatility risk as compared to the risk of BTC going to zero.  Not investing more than you can afford to lose is one of the main ways to protect yourself from going to zero risk.

Buying on the way down, dollar cost averaging and selling on the way up are some of the better non-leveraged ways of lessening volatility risk (or taking advantage of volatility to profit from it, as long as BTC does not death spiral down to zero).

I am willing to take the risk.

Golden rule: don't risk more than you could afford to lose.  

Or take a good risk with insane fundamentals and potential... and adjust your lifestyle if things get difficult on the way

Indeed, If the fundamentals of the asset are stronk af, that's the route you should pick. Can't deny that.

But then, that's not taking risks if the you are 100% sure about the potential and the fundamentals of the asset (you know something that others don't) that is being clever than the rest. That's when you go all-in.

If there is one thing I am sure about, it is that I can't be 100% sure about anything.*   %99.99 maybe, not 100%.

That means I am not sure about this* neither. Whoops.

Admit it.. you are barely even 50% sure... that's why you fucked up on March 12, and then doubled your fuck ups on subsequent days and still kind of fucking up because you are still having some troubles getting in touch with your own doubts that are compounded by your desires to gamble... which in your mind you are still gambling that BTC might go down to sub $3k, which will cause you to go all in.. or at least get some feelings of vindication (which is not very likely to happen, and you know that and continue to struggle with it.  That's why you bought 1 BTC at these prices last week-ish).  You fuck....

@mindrust: I'll say this, with good intentions:

I fear that you're going to feel really bad soon... To the point of going insane. Just try to prepare yourself psychologically for this eventuality.

I don't believe I will.

I mean I still got both my arms and legs, didn't get covid19 (yet), got some decent FIAT in my bank, still making money from my work, I don't expect to get struck by lightning soon neither, even though the possibility is not zero.

What if BTC goes to new ATH's? Why would I be mad about it? I already got some exposure there. If it goes up a lot, that's fine. It is free money anyway.

I didn't suicide for not buying btc from $100 even though I saw it exactly at that price. Why now...

No thanks I am fine, hopefully will  keep being fine.

Good point.  

My DCA strategy was going rock solid while I wasn't greedy, the moment my greed took over, It stopped working.

I have a new strategy now...

It will work unless it doesn't. I am not willing to share the results here though.

That might be a good idea.  We know too much.  

Though I do hope you buy back 1 coin and slowly buy when possible

I will get to 1 full coin. (at least) Not instantly but I will.

Good then your future is set

Not sure about it. To me, it is just another fun lottery ticket.   I stopped being so obsessive with bitcoin or crypto. Chasing some other obsession now.  

Found some other way to keep my brain busy.

In other words, you are still a lost puppy... at least when it comes to your understanding of bitcoin, even after you have had more time in the forum than me.  Might have to go back to AlcoHoDL's assessment that you are likely going to regret that you have lost your way in regards to understanding bitcoin and having a decently solid BTC investment strategy that would likely be more than just aspiring to 1 coin, especially if you had previously reached 10 (of course, then over bought and over extended, but 1/10th seems underexposed, but whatever, you have to decide that for yourselfie).

[LFC_Bitcoin]

Latest PlanB tweet -

@100trillionUSD
Short story on #bitcoin  - stock market correlation. S&P500 did 2.6x ($1200 -> $3100), BTC 1900x ($5 -> $9500). Bitcoin looks like a high beta stock. Trillions and trillion of central bank QE money, that boost stock markets around the world, seem to be dripping down to bitcoin! 🚀

https://twitter.com/100trillionusd/status/1272927578052067328?s=21

[STT]

Silver is anti bacterial, pretty magical but its for bad burns and difficult wounds that might go sceptic.   Ingesting silver or gold, I'm thinking of some case where a dude turned blue I think silver can prove toxic as it has some reaction.    Gold is used on food in Japan and a couple other places, imo dull but if any metal is going to be ok I guess its a non reactive one but silver we know does oxidize some.    Silver in tanks of water is used to slow down fungi growth, bacteria when we still had useful money i read the silver coins were used in bottles of milk to slow the spoil from bacteria.   I wouldnt eat one though :p

BTC forming something of a top I think but if it is the case its a slow process not a fast decline.    I expected it to fall back to the 200 day average and have recovered already by now instead its slo mo & mostly sideways still.
  I have my theory that BTC only really moves greatly by consensus which is not the norm when its distributed around the world, by distance, time zone and national context so we all often disagree its worth to us personally.

Great theory worth testing, does a mask produce lower levels of oxygen.   Surely we can test if it does prove an impediment without much further interpretation required just raw data collected with and without.

[bitebits]

Next ~two week period difficulty adjustment in 5 blocks: +15% (!)
https://fork.lol/pow/retarget

[Febo]

Beijing raised emergency response level II to III and closed all schools.


https://twitter.com/jenniferatntd/status/1272848701040537601

2020 will simply do not stop with surprises. I heard 30 Indian soldiers went missing yesterday. Only god knows what is the status today.

[sirazimuth]

....

It is something else man it feels so good you all need to try some of that stuff but no I'll keep it to myself. 

ummm...heroin?