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

[yefi]

For Everyone still beliving in dedaly COVID 19 virus - please do something for yourself and read bellow link.

According to the latest immunological and serological studies, the overall lethality of Covid-19 (IFR) is about 0.1% and thus in the range of a strong seasonal influenza (flu).
In countries like the US, the UK, and also Sweden (without a lockdown), overall mortality since the beginning of the year is in the range of a strong influenza season; in countries like Germany, Austria and Switzerland, overall mortality is in the range of a mild influenza season.
Even in global “hotspots”, the risk of death for the general population of school and working age is typically in the range of a daily car ride to work. The risk was initially overestimated because many people with only mild or no symptoms were not taken into account.
Up to 80% of all test-positive persons remain symptom-free. Even among 70-79 year olds, about 60% remain symptom-free. Over 95% of all persons develop at most moderate symptoms.
Up to 60% of all persons may already have a certain cellular background immunity to Covid19 due to contact with previous coronaviruses (i.e. common cold viruses).
The median or average age of the deceased in most countries (including Italy) is over 80 years and only about 4% of the deceased had no serious preconditions. The age and risk profile of deaths thus essentially corresponds to normal mortality.
In many countries, up to two thirds of all extra deaths occurred in nursing homes, which do not benefit from a general lockdown. Moreover, in many cases it is not clear whether these people really died from Covid19 or from weeks of extreme stress and isolation.

https://swprs.org/a-swiss-doctor-on-covid-19/

You want us to read a link from what was formerly called Swiss Propaganda Research, whose editors are unknown (just like BTC-e's owners) and which is labelled as a source of disinformation. Okey dokey then.

[JayJuanGee]

^^ Nice wall of text JJ!

I also have been quite busy lately. I have been writing a very nice topic:
Everything you wanted to know about Grayscale BTC Trust but were afraid to ask!

Since the publication of PlanB articles, the Bitcoin value proposition has gained a sort of validation based on a solid model, which proved with rigorous maths the rhetoric of “Bitcoin is valuable because it is scarce”.

This made Bitcoin Investment viable for a series of actors, who were ready to embark in a series of legal, regulatory and fiscal hassles to get long exposure to bitcoin. Others will inevitably follow, but those who embarked in this venture earlier gained market shares and profits in a less than competitive market.

One of the most discussed amongst these funds is Grayscale.
The huge amount of bitcoin they bought has drawn attention from the community. Be it because a signal if institutional adoption, or a measure of scarcity of bitcoin  when measured against mined bitcoin.

I think many concepts about this fund have been oversimplified, and a few technical details of the inner functioning could better serve a global understanding on how this fund works, how it is used by institutional investors,  be it “fiat investors” or whales, and by retail investors.

Given the fact Grayscale was very often commented in the news, some insightful reports, and a very good thread in the italian board, I decided to go with a thread detailing some of the main aspects, going thru some finer details, trying share what I have learned in the process.

During all this article I will refer to this spreadsheet, where you can see the details of many of the computation. You can open it and play with it.

Thank you to the fellow italian members who discussed on GreyScale thread by Plutosky on their local board.

Hope you like it!

Holy fuck!!!!

Your walls of text, fillippone, surely put my relatively non-substantive and insufficient walls to shame.

I feel so little (on behalf of my walls)... relatively speaking.



Just like Boxer (referring to Animal Farm) I must try harder.

[JayJuanGee]

You are not intellectual enough to understand the situation, it made what you are today: a pessimist is not a well informed optimist and the biggest disrespected person in the WO.

Instead of shitting in people's mounth stop drinking booz and educate yourself.

Back on my ignore list, i already expected you fruitless respons.

Pfff, learn to write English, you fucking liar.

Establishment shills don't want anyone to worry about Covid because it gives them the right to defeat facial recognition.

Care to elaborate on this one?
Establishment shills want you to worry about COVid. Defeat facial recognition?

Sorry, but as Paashaas said, I'm fucking stupid.


edit: Hey JJG, Ctrl+Alt+Del

Since you invited me to the conversation (not that I need an invitation), I see that you are still having troubles not getting all worked up over nothing... hahahahahaaha

Look at your response to Paashaas's post... hahahahaha... you cannot handle hardly anything.

I might have to charge you (in reality, your grandma, since you do not have any money) for lessons, and maybe you would be a very good revenue-generating student, since you seem nearly incapable of learning anything, but as long as grandma keeps paying for your lessons, no problema... hahahahahahaha  

Cryptotourist = the quintessential example of a perpetual student that never seems to learn nuttin.    

[Cryptotourist]

Since you invited me to the conversation (not that I need an invitation), I see that you are still having troubles not getting all worked up over nothing... hahahahahaaha

Look at your response to Paashaas's post... hahahahaha... you cannot handle hardly anything.

I might have to charge you (in reality, your grandma, since you do not have any money) for lessons, and maybe you would be a very good revenue-generating student, since you seem nearly incapable of learning anything, but as long as grandma keeps paying for your lessons, no problema... hahahahahahaha  

Cryptotourist = the quintessential example of a perpetual student that never seems to learn nuttin.    

~ Yawn ~

Is it so hard for you to understand that I don't have a grandma? Both dead for years.

Are you that stupid?

[Biodom]

I dabble in GBTC because I can trade it in IRA and the realized gains are not taxable (that is, until I take $$ from the account).
If i can simplify @fillippone's great thread it would be that I invest in GBTC to "gorge" on the increased premium during the bull run.
During the last bull market premium topped 100% at least a couple of times.
If something similar would happen again, it would outperform btc in $$ terms.
That said, it's not a major position for me.

[fillippone]

I dabble in GBTC because I can trade it in IRA and the realized gains are not taxable (that is, until I take $$ from the account).
If i can simplify @fillipone's great thread it would be that I invest in GBTC to "gorge" on the increased premium during the bull run.
During the last bull market premium topped 100% at least a couple of times.
If something similar would happen again, it would outperform btc in $$ terms.
That said, it's not a major position for me.

Well, I think that I would do the same if I were in the position to trade net of taxes.
Better pay taxes tomorrow, rather than today. And I am sure that If my Tax burden is BIG enough, at the end eventually someone will find the way to avoid that (funny): maybe defaulting on a GBTC - collateralised loan from my bank? Everyone would be happy!

But, wait! we should be discussing this on that thread, not here!

^^ Nice wall of text JJ!

<....Link to a Wall of Text>

Holy fuck!!!!

Your walls of text, fillippone, surely put my relatively non-substantive and insufficient walls to shame.

I feel so little (on behalf of my walls)... relatively speaking.



Just like Boxer (referring to Animal Farm) I must try harder.

There, it took a while to search for it, JJG

JJG³: The Italian Job

Wait actually that is unfair, they don't compare. fillippone's English is very good, and his content too.

JJG³: #rekt in Italy

Dear Lord, there’s an inside Joke and a 22k pages thread. I think I’m lost.

I think I just joined the WO family, It was maybe a reaction to my first post here, and @Last of the V8s compared our WoT's!

[Ibian]

Boxer was an idiot. So, fitting.

[JayJuanGee]

^^ Nice wall of text JJ!

<....Link to a Wall of Text>

Holy fuck!!!!

Your walls of text, fillippone, surely put my relatively non-substantive and insufficient walls to shame.

I feel so little (on behalf of my walls)... relatively speaking.



Just like Boxer (referring to Animal Farm) I must try harder.

There, it took a while to search for it, JJG

JJG³: The Italian Job

Wait actually that is unfair, they don't compare. fillippone's English is very good, and his content too.

JJG³: #rekt in Italy

Dear Lord, there’s an inside Joke and a 22k pages thread. I think I’m lost.

I think I just joined the WO family, It was maybe a reaction to my first post here, and @Last of the V8s compared our WoT's!

Wow!!!  I don't recall even seeing that additional historical beat down that I had received.

Sucks to be me.    

Makes me feel like the Rodney Dangerfield of the WO thread, if I could hold myself out so presumptuously.

Boxer was an idiot. So, fitting.

You see what I am trying to say?... even a fucking retarded pickle like Ibian one-upping me....  

 

[marcus_of_augustus]

You know @pashaas, you just exaggerating. Men get real, read arguments of the other side. Take a deep breath.  World will look much brighter

#lockdownsceptics

You and LFC are not the brightest people around here isn't it?

If both of you understand why hospitals are getting overwhelmed than you will realize how much full of schit you both are.

Hospitals aren't overrun though.

... that was the point of the lockdowns, to buy some time, wait for vaccine/treatments and stop hospitals getting overrun, triaging and fatality rates going up to 5-10%.

I'm pretty sure with the lockdown release and subsequent second wave we'll see hospitals get overrun everywhere now, let's see, happy to be wrong on this one.

This is a marathon, not a sprint. Wuhan lab birthed bio-engineered Sars-CoV-2 into the world and it's not going anywhere now. Some reports have it as a bio-weapon that's been designed to be around for at least 2-3 years for maximal disruptive effect.

[degxtra1]

For Everyone still beliving in dedaly COVID 19 virus - please do something for yourself and read bellow link.

According to the latest immunological and serological studies, the overall lethality of Covid-19 (IFR) is about 0.1% and thus in the range of a strong seasonal influenza (flu).
In countries like the US, the UK, and also Sweden (without a lockdown), overall mortality since the beginning of the year is in the range of a strong influenza season; in countries like Germany, Austria and Switzerland, overall mortality is in the range of a mild influenza season.
Even in global “hotspots”, the risk of death for the general population of school and working age is typically in the range of a daily car ride to work. The risk was initially overestimated because many people with only mild or no symptoms were not taken into account.
Up to 80% of all test-positive persons remain symptom-free. Even among 70-79 year olds, about 60% remain symptom-free. Over 95% of all persons develop at most moderate symptoms.
Up to 60% of all persons may already have a certain cellular background immunity to Covid19 due to contact with previous coronaviruses (i.e. common cold viruses).
The median or average age of the deceased in most countries (including Italy) is over 80 years and only about 4% of the deceased had no serious preconditions. The age and risk profile of deaths thus essentially corresponds to normal mortality.
In many countries, up to two thirds of all extra deaths occurred in nursing homes, which do not benefit from a general lockdown. Moreover, in many cases it is not clear whether these people really died from Covid19 or from weeks of extreme stress and isolation.

https://swprs.org/a-swiss-doctor-on-covid-19/

You want us to read a link from what was formerly called Swiss Propaganda Research, whose editors are unknown (just like BTC-e's owners) and which is labelled as a source of disinformation. Okey dokey then.

uhmm.. labelled?
Mate, sorry tell me where they lie on their 1st page conclusions about Covidiot's19 plandemia you can find here: https://swprs.org/a-swiss-doctor-on-covid-19/, give at least one example (obviously as JJG could say on this occasion two, three or four or maybe even more lies examples would better).
But of course, it's labeled by your trustworthy source - so obviously smart guy like you don't need to read that...   That's for what we got labels !


Now, to you @pasha, and few others: read this again, shouldn't be labelled as biased - it's from NYT.

Dr. Horton called the paper retracted by his journal a “fabrication” and “a monumental fraud.” But peer review was never intended to detect outright deceit, he said, and anyone who thinks otherwise has “a fundamental misunderstanding of what peer review is.”

https://www.nytimes.com/2020/06/14/health/virus-journals.html

#fightcorruptedscience
#lockdownsceptics

[jojo69]

plot twist

LFC is an asymptomatic super-spreader

[JayJuanGee]

[edited out]

give at least one example (obviously as JJG could say on this occasion two, three or four or maybe even more lies examples would better).

I might be being misinterpreted in regards to my historical thoughts on evidentiary burdens.

How much evidence any member might need in a forum like this in order to sufficiently substantiate claims remains a bit of a discretionary judgement call regarding what the member believes that s/he had been attempting to show and whether or not the evidence that the member had provided had been sufficient and/or whether the claims had been undermined by counter-evidence (in this case, Yefi's response).

For example, if yefi's rebuttal sufficiently undermined your initial proclamations and evidence, degxtra1 (which did seem a bit extraordinary), then there might not be a need for Yefi to provide more examples of his rebuttal of your claims because the burden would have been on you in the first place to provide extraordinary evidence to substantiate your extraordinary claims or maybe in a lesser scenario to at least resubstantiate or buttress your earlier claim(s) that had already come off as a bit weak or extraordinary on their face.  

By the way, I had been trying NOT to take sides on this one, except when my initial were mentioned, as I thought through the matter and reviewed some of your seemingly dogmatic points, degxtra1, I had initially thought that you were a bit full of shit in what you had been proclaiming, yet, I will admit that the topic seems to be kind of getting away from me in terms of the details, so I remain somewhat unsure whether Yefi's response had sufficiently undermine your original seemingly weak and extraordinary claims or not.. because the burden might have been on you, degxtra1, for the whole time, and you had merely just failed to provide a strong enough case in the first place.  

TLDR:  In other words, the mere fact that a member (namely yefi) attempted to rebutt your claim does not shift the burden to that rebutting member if you had provided a weak claim in the first place.  

plot twist

LFC is an asymptomatic super-spreader

Good thing that LFC has been ongoingly HODLing his BTC because we would not want him spreading contaminated BTC around.

Go back in your house, LFC.. and don't come out until BTC reaches $56,789.01!!!!!!   You are not even allowed to window-shop for trips, lambos, hookers or blow (or yachts either), until we reach the proper BTC price threshold.... 

[Icygreen]

So you want some truth?  Legend, whomever put this together.
Gill Bates adgenda:
https://www.youtube.com/watch?v=sSK8zjaBmVg

[lightfoot]

I will say, Bill Gates is a dickhead. The shit he pulled on Paul in the 90's was just sad....

[Tash]

I will say, Bill Gates is a dickhead. The shit he pulled on Paul in the 90's was just sad....

Paul understood the code and made it all work, same with Monte Davidoff who was hired in 1975
Bill's roll is to play the young start-up, the wiz kid. Serious business is all done by father and other string pullers at that time,

Bill’s mother working at management at IBM was in a position to get the hands on the operating system as IBM hat develop the new much better Unix written in C. The old was of no use any-longer, to basic.

High shool friends.... or a kid watching a grown man do some work? Bill Gates born 1955


The story is that in 1969 after you sold a lemonade you went to the tech store and bought a ASR-33 Teletype


MS-DOS released on August 12, 1981
First windows was released in November 20, 1985
Windows 3.11 November 8, 1993
Windows 95
and then in a universe far far away
The Xerox Alto from 1 March 1973 with 3 button mouse, gui, overlaping windows, network startup/operation, lots of games,... Roll Eyes
https://www.youtube.com/watch?v=9H79_kKzmFs

The Wang 2200 S from May, 1973
http://www.wang2200.org/images/cpu_2200s.jpg

[Biodom]

A sad trader story..

https://www.marketwatch.com/story/finance-isnt-worth-losing-your-life-over-the-heartbreaking-story-of-a-rookie-trader-who-racked-up-700000-in-debt-2020-06-14

Somehow, the guy levered his $16K account to get a $700K position
No leverage, please, unless you want to lose your btc.

[rdbase]

Havent been on the good ol' WO thread in a week and what I see first thing is about Kill Gates. Atleast that is his new nick name for some of the stuff he is trying to pull during the pandemic to have everybody chipped like dogs.
He has gotten bored in his old end of life I would assume.

A sad trader story..

https://www.marketwatch.com/story/finance-isnt-worth-losing-your-life-over-the-heartbreaking-story-of-a-rookie-trader-who-racked-up-700000-in-debt-2020-06-14

Somehow, the guy levered his $16K account to get a $700K position
No leverage, please, unless you want to lose your btc.

Some 20 year old kid committed suicide after going into negative $730k on his robinhood account. So it aint just crypto thats ruining lives right now.
https://www.forbes.com/sites/sergeiklebnikov/2020/06/17/20-year-old-robinhood-customer-commits-suicide-after-seeing-a-730000-negative-balance/#5e93cc155928
Might be the same person. Just saw it mentioned on mister down to $1300 livestream.
Anyways
Been on this for the past 1/2 hour watching Tone vays saying ethereum is a scam on his livestream from an hour ago.
https://www.youtube.com/watch?v=_PXU0thDHCU&t=1026s

"Tone vays is bearish saying down to $1k"

Scary times we all are living in right now.

[cAPSLOCK]

Hmm I have a bad feeling...   Like something around the corner.  Hope I'm wrong.

[jbreher]

having one or two million in silicon valley might just make you comfortable

I take it you've never been to (e.g.) Palo Alto?

[jbreher]

people who end up intubated stand a real chance of dying.

Hmm. I'm not really trying to argue that you are wrong. I'm currently hunkered down. While I resent what I feel is government overreach in the liberty/safety balance, I'm happy enough to be careful on my own recognizance. But the following had me scratching my head: https://www.youtube.com/watch?v=UIDsKdeFOmQ

I realize that this is an uncorroborated report, and it is anecdotal if true, at that. But it seems sincere, and has me questioning the entire medical response to this thing. At least in my mind.


edit: I see Tash beat me to it. Whatevs.