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

[LFC_Bitcoin]

Another 6 months of covid restrictions announced by Boris Johnson today. It’s not a full lockdown but bars, pubs, restaurants have a curfew, they must close at 10pm. You’re not allowed to socialise in a group of more than 6. No fans allowed into sporting events (stadiums) until March at the earliest.

I’m sick of this crap now, isolate the old & vulnerable & let the rest of us get on with our lives.
Covid has a ridiculously low mortality rate, feeling annoyed.

I hope bitcoin’s potentially epic bull run next year doesn't get stunted because of a bad type of flu.

Do you guys think all of this covid back drop will be bullish or bearish for bitcoin in the short to medium term?

Thanks in advance!

Regards

Very annoyed OG HODLER.

[AlcoHoDL]

Kraken will educate us on COVID-19 security:

COVID Security: A Free Kraken Webinar w/ Nick Percoco – September 25 @ 14:00 UTC

COVID-19 security? Never thought about it that way...

[AlcoHoDL]

@LFC:

Man, UK pubs were already closing far too early, compared to most other countries (last round @ 11:30pm IIRC)... Looks like COVID-19 sealed the deal! Now families can take their kids with them to the pub, and be back home in time for bed.

[cAPSLOCK]

Better version: If you intend to sell it all when moon, sell only 90%!

The question is: sell it for what?

I have a 2nd house. A nice house. I got some offers to sell it. But then I thought, do I need the money? I don't. So, why sell it? To put some money in the bank "for the future"?

I've kept my 2nd house. Of course, there's the option to convert it to corn (I know I'm going to be crying when I read this post 5 years from now), but I still want to have a hedge against any "unforeseen extinction event".

Maybe sell 50% of your stash "when moon"? Or sell whatever you need to do certain things. And keep selling as your needs develop?

{...insert Morpheus/Neo meme here...}

Property is one of the assets in which we will see inflation (brr) really having an impact.  This will be true of all value stores (gold, collectibles etc) and a certain class of consumable items (healthcare, education, ammo).  Where as other consumables (cheezeburgers, toilet paper) will not be hit by inflation as much.  And Fiat will be the very most dangerous place to store value.  Unless all you intend to buy is cheezeburgers and TP. 

I would think selling your house to have "money in the bank" is most likely a TERRIBLE strategy (not saying you don't realize this) at this time.  UNLESS you "house" is commercial real estate... then selling is a different story, I'd think. In fact now buying a third house would be a more compelling idea for you, I'd think.

[BobLawblaw]

Very annoyed OG HODLER.

That makes two annoyed OG HODLERs.

Getting mighty sick of the mandatory mask mandates, despite everything dropping and starting to get under control.

It's all political theatre.

*breathe in and out Bob. Don't get angry. Go hit another bowl of Gods' herb*

[LFC_Bitcoin]

Very annoyed OG HODLER.

That makes two annoyed OG HODLERs.

Getting mighty sick of the mandatory mask mandates, despite everything dropping and starting to get under control.

It's all political theatre.

*breathe in and out Bob. Don't get angry. Go hit another bowl of Gods' herb*

There has to be another agenda, I’m not going to start with the conspiracy theories out of respect for others though.

[nullius]

Another 6 months of covid restrictions announced by Boris Johnson today. It’s not a full lockdown but bars, pubs, restaurants have a curfew, they must close at 10pm. You’re not allowed to socialise in a group of more than 6. No fans allowed into sporting events (stadiums) until March at the earliest.

Username checks out:

Man, UK pubs were already closing far too early, compared to most other countries (last round @ 11:30pm IIRC)... Looks like COVID-19 sealed the deal! Now families can take their kids with them to the pub, and be back home in time for bed.

Puritans will also love this secondary or tertiary effect of Covid-panic:  Now, we must restrict pubs to serve only non-alcoholic “beer”!

[JSRAW]

^^ nullius you want to suggest some history book here in WO? sometimes you sounds like well read and judging from your positing habits, you are terrific (Although bit weak on south Asian/Indian subcontinent history, may be you didn't expressed yourself much and i avoid correcting peeps on interweb) Nonetheless you still sounds solid, so feel free to shoot your top notch books on history here in public. would like to read your recommendation.

[cAPSLOCK]

Very annoyed OG HODLER.

That makes two annoyed OG HODLERs.

Getting mighty sick of the mandatory mask mandates, despite everything dropping and starting to get under control.

It's all political theatre.

*breathe in and out Bob. Don't get angry. Go hit another bowl of Gods' herb*

It's been a while since I gave a insiders (I work in healthcare, specifically informatics) Covid update... this made me think about it.

We have seen a marked, CONSISTENT drop in all numbers since the last surge.  Our confirmed Covid patients has dropped to a little more than 5% of admissions which is WELL under where we were in either surge (~60+%).

Positive test results are an order of magnitude below what we saw at the peak.  But testing has become very routine and nearly universal.

Mortality has continued to remain technically in the noise.  So low that it is not statistically dense enough to get relevant data from the numbers other than the mortality has been insignificant in the big picture.

Most notably both infection rates as well as mortality have both continued to go lower even during the second surge.
 They did rise 2-3 weeks after the surge peaked, but much less so than the first surge which implies we are seeing immunity emerge.

We are currently just starting the period of time where *some* return to school will be causing a predictable third surge.  But so far this one seems to be holding back and not emerging quickly, which also implies we are seeing immunity emerge.

To me (non-clinical) we are seeing the very best case scenario we could hope for.

Therefore the continued hysteria is either overly careful, or politically motivated.  I think the second.  I am not really a conspiracy type, and it always bugs me when people act like the whole thing was made up.  Tell that to the people who suffocated because of it.  But although the pandemic is no doubt real, and has posed a real risk, it is now being used by the powers that be to control us more than anything.  Especially considering that at this point we have a VERY clear picture of who is at risk, and that subset is much smaller than we had originally thought.

Also, along with herd immunity we also seem to have herd movement... people who wear masks have many motivations.  Personally I feel fairly safe but will still wear a mask in public for the sake of those who are at risk.  But everyone's fear and actions are definitely motivated by herd instincts and it's interesting to watch.

[Hueristic]

yup ima get myself a island too when number go up

Sorry buddy.  I already got that one in Dec 17.  It pays to be early.

Still easier to get than an RTX 3080!

[VB1001]

yup ima get myself a island too when number go up

How many rooms are available?, how much is the rent per month?, you never know the future that awaits us and most importantly, there are girls?

[vapourminer]

Do you guys think all of this covid back drop will be bullish or bearish for bitcoin in the short to medium term?

depends.

will the newly deceased covid victims have left their keys to thir estate/whatever or are those coins lost forever due to no backups or such.. if the 1st no real effect  but in the second case good news.. a donation to all so bearish, kinda

[Elwar]

Yes, there will be dips.
Yes, there will be peaks.
Yes, there will be pumps.
Yes, there will be dumps.

Just Zoom Out^TM, chill, and have a beer!

If you're scared about a dip, you need some HoDL training...

Don't give them your coins.

A rusty nut won't budge, and that's about the only good quality of a rusty nut.

HoDL.

We need to group fund a production run of Bob's patented Titanium Plate kit for the weak hands!

Special Mindrust edition available for special order.

LOL, yeah, that could be a DeFi project. And titanium doesn't rust (i.e., a mindrust-proof product). This is big.

Titanium rusts.

I've been playing around with titanium MMO anodes. Though...I use that because they rust the least.

[VB1001]

https://bitcointalk.org/index.php?topic=178336.msg52526333#msg52526333
Sep-22-2019


www.wohats.com
Sep-22-2020

Happy Birthday WOHats


Hello hat gang, I am happy to inform you that today is the 1th anniversary of www.WOHATS.com

1 year has passed and a lot has changed since its creation, I am happy because the most viewed blog post after a year is the list of posts: Hats History this was the purpose of the blog, let everyone know how the beautiful story began in the Wall Observer thread.

To date there are 137 users with hats
Own domain
The Blog has some interesting links for our dear friend BTC
Real-time price of BTC Bitstamp/TradingView
All releases of Bitcoin Core
Link to number of full nodes online, hash rate, and much more
In one year, the scoreboard has a result of > 8,000 views

I think it's fair to give it one more year to see how it evolves, we continue with him?

[explorer]

Another 6 months of covid restrictions announced by Boris Johnson today. It’s not a full lockdown but bars, pubs, restaurants have a curfew, they must close at 10pm. You’re not allowed to socialise in a group of more than 6. No fans allowed into sporting events (stadiums) until March at the earliest.

I’m sick of this crap now, isolate the old & vulnerable & let the rest of us get on with our lives.
Covid has a ridiculously low mortality rate, feeling annoyed.

I hope bitcoin’s potentially epic bull run next year doesn't get stunted because of a bad type of flu.

Do you guys think all of this covid back drop will be bullish or bearish for bitcoin in the short to medium term?

Thanks in advance!

Regards

Very annoyed OG HODLER.

Honey Badger don't give a fuck.

[Torque]

Another 6 months of covid restrictions announced by Boris Johnson today. It’s not a full lockdown but bars, pubs, restaurants have a curfew, they must close at 10pm. You’re not allowed to socialise in a group of more than 6. No fans allowed into sporting events (stadiums) until March at the earliest.

I’m sick of this crap now, isolate the old & vulnerable & let the rest of us get on with our lives.
Covid has a ridiculously low mortality rate, feeling annoyed.

I hope bitcoin’s potentially epic bull run next year doesn't get stunted because of a bad type of flu.

Do you guys think all of this covid back drop will be bullish or bearish for bitcoin in the short to medium term?

Thanks in advance!

Regards

Very annoyed OG HODLER.

"What we have seen from the evidence is that alas the spread of the disease does tend to happen later at night after more alcohol has been consumed."

[Paashaas]

Another 6 months of covid restrictions announced by Boris Johnson today. It’s not a full lockdown but bars, pubs, restaurants have a curfew, they must close at 10pm. You’re not allowed to socialise in a group of more than 6. No fans allowed into sporting events (stadiums) until March at the earliest.

I’m sick of this crap now, isolate the old & vulnerable & let the rest of us get on with our lives.
Covid has a ridiculously low mortality rate, feeling annoyed.

I hope bitcoin’s potentially epic bull run next year doesn't get stunted because of a bad type of flu.

Do you guys think all of this covid back drop will be bullish or bearish for bitcoin in the short to medium term?

Thanks in advance!

Regards

Very annoyed OG HODLER.

Really? Boris spent weeks to convince everyone to return to work and when it finally happend he backtracks all of that and starts threaten people again. Together with a 10,000 pound fine for people not following quarantine rules and even deploying the army. Even for my standards this is over the top, something sinister is beeing played over here they abusing the situation to fulfill a certain agenda. I can understand these measures when Covid-19 transform into a more lethal version like the start of this year during traditional flu season but now seems very unnecessary.  

If i need to believe in a conspiracy theory is that they released this (lab-made) virus on us to crash the old system making place for a new one.

[LFC_Bitcoin]

Another 6 months of covid restrictions announced by Boris Johnson today. It’s not a full lockdown but bars, pubs, restaurants have a curfew, they must close at 10pm. You’re not allowed to socialise in a group of more than 6. No fans allowed into sporting events (stadiums) until March at the earliest.

I’m sick of this crap now, isolate the old & vulnerable & let the rest of us get on with our lives.
Covid has a ridiculously low mortality rate, feeling annoyed.

I hope bitcoin’s potentially epic bull run next year doesn't get stunted because of a bad type of flu.

Do you guys think all of this covid back drop will be bullish or bearish for bitcoin in the short to medium term?

Thanks in advance!

Regards

Very annoyed OG HODLER.

Really? Boris spent weeks to convince everyone to return to work and when it finally happend he backtracks all of that and starts threaten people again. Together with a 10,000 pound fine for people not following quarantine rules and even deploying the army. Even for my standards this is over the top, something sinister is beeing played over here they abusing the situation to fulfill a certain agenda. I can understand these measures when Covid-19 transform into a more lethal version like the start of this year during traditional flu season but now seems very unnecessary.  

If i need to believe in a conspiracy theory is that they released this (lab-made) virus on us to crash the old system making place for a new one.

No kidding, bro.

http://www.bbc.co.uk/news/amp/uk-54250696

[cAPSLOCK]

yup ima get myself a island too when number go up

Sorry buddy.  I already got that one in Dec 17.  It pays to be early.

Still easier to get than an RTX 3080!

That's a Monero ASIC, right?

[JayJuanGee]

My rookie tip: If you ever sell, don't sell it all, keep at least 10% of your corn for hodling.

I am thinking about a formula that aim to NOT sell more than 10% for every range - such as every 100% (or maybe less selling and a greater range?)

But it would go something like this:

Let's say that you started buying BTC at or near the top of the last bubble, but you stuck with it and you kept dollar cost averaging in.  Accordingly, you have a average cost per BTC that is around $8k per BTC, and so you are a bit concerned about what to do.

You decide that you will sell no more than 10% of your stash for every time that the BTC price doubles (if it does)

Therefore, you have authorized yourself to sell 10% of your stash at any point of your own choosing at each point within the below prices ranges:


1) $10k to $20k (10% of total stash)

2) $20k to $40k (10% of total stash)

3) $40k to $80k (10% of total stash)

4) $80k to $160k (10% of total stash)

5) $160k to $320k (10% of total stash)

6) $320k to $640k (10% of total stash)

7) $640k to $1.2m (10% of total stash)

Etc. etc. etc

Yes, i am also  a fan of this ladder approach. My message was more for the kind of "i'll sell it all at now, because who knows if bitcoin will ever reach this high regions in the future again"...

Better version: If you intend to sell it all when moon, sell only 90%!

Fair enough... I suppose 90% is better than 100%.  I can see that angle - even though personally, I remain worried about the necessity of those kinds of plays, too...  

Accordingly, you will hardly see me compromising in that kind of seemingly timing of the market mindset direction - even though I do appreciate that there could be personal circumstances that might justify a bit of a different approach... even though that selling 90% approach continues to feel like a kind of gambling mindset, rather than an investing mindset.

By the way, I feel that I do compromise in regard to my suggestion that peeps need to determine how much to put into bitcoin, and I suggest starting out with a consideration of 1% to 10% of quasi-liquid assets, and suggesting that a minimum of 1% is a potentially prudent approach... even though 1% also seems a bit whimpy to me, but I have a kind of understanding that sometimes people may need to get accommodated to an investment such as BTC and also to get used to it.... so surely, I am not opposed to considering ways to individually tailor approaches while also even going outside of the suggested range based on personal circumstances....

At the same time, I am just considering mindsets of selling 90% as a road that is a bit too far - and I have difficulties with relating to those kinds of gambling mindsets - unless there is an actual excuse that is based on short life expectations or some exogenous demands, rather than attempts that seem to be merely timing the market... Might be just me, unless there would be some particular circumstances that might be pointed out that would allow me to appreciate that such an approach would not be a kind of gambling.

Getting too close to $10k for my liking.
I missed buying the dip last time it dropped into the $9k's. Wonder if it will drop that low again, or support will hold...

Huh... Disregard I guess. Appears the situation has improved since I checked earlier.

Onward $11k !!

I am glad that the 1-minute candles were able to convince you to adjust your perspectives.

 

Yes, there will be dips.
Yes, there will be peaks.
Yes, there will be pumps.
Yes, there will be dumps.

Just Zoom Out^TM, chill, and have a beer!

If you're scared about a dip, you need some HoDL training...

Don't give them your coins.

A rusty nut won't budge, and that's about the only good quality of a rusty nut.

HoDL.

We need to group fund a production run of Bob's patented Titanium Plate kit for the weak hands!

Special Mindrust edition available for special order.

And, training sessions from Bob about how NOT to do it.      (through zoom, of course - because we all (Royal ones) wants to stay safe.)