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

[d_eddie]

- Polymerase Chain Reaction (PCR) Test — The most accurate of all, slow, detects antigens (i.e., shows if you currently have the virus).

If memory serves, there is some controversy with PCR tests. Specifically, it will also test positive if you've had C19 in the past, as the dead tissue and cells do linger around for some time - is what I'm hearing. Maybe the antibodies even trigger a positive PCR test. Fuck. I dunno.

Maybe it depends on the length of the primers? If the snippets are too short, it must be hard to tell if they're enconding SARS-Cov-2 spike proteins or other analogous structures in similar viruses.

Anal swabs all the way.

Most accurate.

Trust me.

With rusty swabs for the bad guys?

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[Crusherxy85]

tomorrow 60k

[cAPSLOCK]

Normally I would mention here that the price action of bitcoin is interesting in light of the fairly light volume.

But I think we are seeing something different this time (tm).

We have used the large retail exchanges as price oracles for the entire lifespan of Bitcoin, and still do.  But is this where the actual volume is happening now?

I would say not.

That divergence is very interesting to think about.  I have speculated in the past about scenarios based on this new paradigm, for example:  If I were a big money player I would be buying BTC over the counter, and dumping a little bit of it on the low volume exchanges to depress the retail price as I buy.  But who knows what is actually happening?

I wonder if the high price is causing unit bias to suppress Joe Sixpack from buying?

I can;t quite figure out what is happening exactly, but it is exciting me... that much I know.

I understand you, cAPSLOCK, to be saying that it seems different this time, and then you list some amorphous things that may or may not be happening to cause you to conclude that something may well be happening this particular time that is different.. but you  just cannot put your finger on it... ... which in essence seems to lend a decent amount of credibility to claims that this time is almost fucking the exact same (it just happens to be different), but we are so much on schedule and within the dominant BTC price prediction models (in my thinkenings) that the whole situation is almost like the wettest of wet dreams that anyone could actually be living through such a fantasy that is not actually a fantasy but "is happening" right in front of our very eyes, and "on schedule" at that. 

Who would-a thunk?  Truly, way too good to be true, so something must be up.

I am not sure what I am meaning to say is I expect the price action to be different, or not.  I don't know that I understand how to calculate that considering we are 1 or 2 orders of magnitude away price wise from the past cycles.  What is interesting to me is that the way things are proceeding has some major fundamental differences, and I can be specific.

1.  Institutional, and other big money is starting to bite... kinda hard.
2.  Most of the accumulation is happening away from retail exchanges.
3.  Institutional investors are by and large currently ONLY interested in BTC.
4.  The above investors seem to actually UNDERSTAND bitcoin.  This is also new.  They understand the decentralization part, the scaling issues etc.
5.  Retail exchange volume is still barely warm, in my opinion.

Because of the above the idea of a "super cycle" has more weight than I would have imagined was possible.  Though I still think it is likely a minority scenario, it has a REAL chance.

In some ways the super-cycle, if it were to happen (and to define it: it is big money (and small) frontrunning the rest of this cycle and lighting a rocket we have not yet seen) will in retrospect appear inevitable.

That is the "this time it might be different" I am talking about.   There are lots of models... Rainbows, S2F, that other S2F with real estate in it, etc...  What I am wondering is if maybe that latter S2F model ends up being more correct, or this time we break them all?

Will it?  I dunno.

[Hhampuz]

Stop jerking us around and gib $60k already!?

[proudhon]

Stop jerking us around and gib $60k already!?

Confirmed it is not going to happen.

[Wilhelm]

Stop jerking us around and gib $60k already!?

Confirmed it is not going to happen.

Well your math and science failed...

[gembitz]

bitcoin[NFTz] going to the moon? :-D yeeeee blast offfff//^

[JimboToronto]

Good morning Bitcoinland.

Bouncing along nicely... currently $56575USD/$71254CAD (Bitcoinaverage).

Looking good. Go Bitcoin go.

Stop jerking us around and gib $60k already!?

Confirmed it is not going to happen.

Well your math and science failed...

Proudhon's math and science didn't fail.

He has his own special math and science. Works great for him. 

[savetherainforest]

Stop jerking us around and gib $60k already!?

How about $27K?

[bitcoinPsycho]

Stop jerking us around and gib $60k already!?

How about $27K?

[AlcoHoDL]

[BitcoinBunny]

Stop jerking us around and gib $60k already!?

Confirmed it is not going to happen.

[proudhon]

[JimboToronto]

Confirmed.

[ivomm]

Verified by math(s) and science!

[philipma1957]

Nope simple sideways with a slight uptick is best for all, but the shorters.  And fuck the shorters. How dare they play shorts.

[JimboToronto]

Nope simple sideways with a slight uptick is best for all, but the shorters.  And fuck the shorters. How dare they play shorts.

Shorters are a fine source of entertainment when they get rekt.

[d_eddie]

Nope simple sideways with a slight uptick is best for all, but the shorters.  And fuck the shorters. How dare they play shorts.

[Slot Kid]

$70,000 is a realistic target before end of March. Only an idiot sells their precious BTC in this price range.

[Elwar]

- Polymerase Chain Reaction (PCR) Test — The most accurate of all, slow, detects antigens (i.e., shows if you currently have the virus).

If memory serves, there is some controversy with PCR tests. Specifically, it will also test positive if you've had C19 in the past, as the dead tissue and cells do linger around for some time - is what I'm hearing. Maybe the antibodies even trigger a positive PCR test. Fuck. I dunno.

Anal swabs all the way.

Most accurate.

Trust me.

The PCR test, whose inventor said it should not be used to detect a virus, just multiplies whatever you are trying to test for.

Essentially they go through cycles to multiply whatever is being tested. Too high of cycles and they pretty much come out positive almost every time. At 40 cycles they pretty much come back positive almost every time. The CDC was requiring PCR tests with 40 cycles up until Biden was inaugurated when it was lowered (and what do ya know, cases started going down).

"Tests with thresholds so high may detect not just live virus but also genetic fragments, leftovers from infection that pose no particular risk — akin to finding a hair in a room long after a person has left"

"Any test with a cycle threshold above 35 is too sensitive, agreed Juliet Morrison, a virologist at the University of California, Riverside. “I’m shocked that people would think that 40 could represent a positive,”"

https://www.nytimes.com/2020/08/29/health/coronavirus-testing.html


I will have to trust you on the anal swabs.

I've been able to avoid getting tested so far. I opted out of visiting my own cruise ship because Panama required that I get tested to go onboard. Screw those guys, I wasn't willing to add to their numbers.