Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7438. (Read 26731210 times)

Welcome to the free world. Congratulations.

Breaking out of the super tight 1 Day Bollinger Band


is the boring time over?

Gosh.. didn't "we" have a bad day?

My comment is about substance and not about you.. nor is it about Phil, even though Phil made the graph showing such short term correlation.

Accordingly, sometimes graphs can be misleading if they are not described (or categorized) for what they are.

No need to take strong language personally (I still like uie (and Phil) a very lot, cAPSLOCK.. maybe bob a bit less in recent times)  #nohomo



So?  Do you think king daddy cares about any of this short term bullshit?



 bitcoin does not need boomers, and sure some boomers will come along, but likely most or the boomers are already set, even if the value of their savings is likely going to continue to be fucked, but boomers are likely going to do better than younger folks in these matters... I mean to the extent that they have developed various kinds of investments and are not living in debt or pay check to paycheck .. like the younger folks who had not had as much time to invest or even to acquire property or various property and assets that are going to cause them to be less desperate in these ongoing and evolving shenanigan times.

We probably do not disagree materially or significantly about the complications of the shithole that whole societies are in...



 I am talking about short term correlations that are shown in the chart.

I am not talking about the bullshit of traditional institutions and the likelihood that bitcoin is going to do better.. we agree about those things.. quite likely.



Could be.

Bitcoin is also going to benefit, and I would rather have my money in bitcoin rather than in gold and stocks, but do what you like.
 



 sure some of them will come over, but none of them are immortal, either.   



 Maybe you are more rosie than me about the short term gravitation of mass adoption value into bitcoin?   I doubt that bitcoin needs mass adoption in order to continue to prosper and continue to have value gravitate into it, whether it comes from boomers or younger folks or some combination of factors.   I am not really making any predictions in regards to shorter term gravitation of value into bitcoin dynamics... I am just saying that the chart is fucked up and misleading because it is too short term, so it is concretizing bad ideas.



Fair enough.. we do not need to agree on specifics in order to agree that value is still gravitating into bitcoin, it is just a matter of how fast or from what demographics or from where, and I don't give too many shits about analyzing the various relative value specifics, so we probably do not really disagree in any kind of material or substantial way in those regards.. at least I am not going to put up much if any fight regarding some of your speculation specifics, even if I believe that it might play out a bit differently, I don't really care that much and am willing to just watch.. and no shortage of a hedge into bitcoin, which is the case for most of us longer term active WO participants.

I have no doubt that your points above are valid.  And also believe COVID is being used to financial advantage by various medical institutions.

That said, I currently work for one of the largest non profit healthcare systems in the US.  I do not know how it is looking for other (especially large) systems but we are burning cash at a stupefying rate and COVID is not a net help to our bottom line. 

In fact I believe we are in the 9 (and maybe 10 by this point) figure RED in lost revenues for 2020 so far. This is primarily caused by the fact we are having to cancel all "non essential" services.  In May, I think, I took a bike ride by one of our largest Entities.  The ED, and the L&D had action, but the ENTIRE REST of the campus was a ghost town.  I rode up and down several multi story parking decks, usually full to bursting that were entirely ghost-towns. no one there.

It is cataclysmic.

Looked like I accurately described the peaks of your previous graph, so probably we are looking at your own graph differently  - and yes, I am wearing my glasses.. so I would appreciate a more substantive answer because this is not about me, kell, kell, kell... *(your name has a violent rather than cheery feelening, by the way)

Why do you criticize so much?  And read so much into what someone types?

My thoughts on this are simple.

Money is being printed like never in the history of the world.
Boomers (Mostly fund managers and up) are shoveling it into stonks.
Stonks benefit more from money printing than corn.

When boomers actually catch the digital gold meme they will start shoveling their excess money into corn.

There are no tragedies, or dilemmas.  Nor major proclamations.
But during this historically interesting time of extreme monetary stimulus we are clearly seeing Nasdaq and gold benefit more than the new kid on the block.

That is boomers.  Plain and simple.  That's why the beneficiaries are gold and stocks.

The fact is they have 80% of the money.  At some point they will reach a knowledge tipping point and start shoveling our way.  The extra smart ones have started already.

This is the herd we have been waiting for for years.

To me that hypothesis is extremely strong, and bullish.

Centralization coming to the rescue, huh? Don’t worry they will lose their coins during the next big profile scam

So Corona deaths are not real?

The filled up hospitals and the cooler trailers outside of hospitals are not real?  Those people were going to die anyhow, or at least their numbers are not larger than otherwise seasonal variance?

I am surely NOT against measurements that might question various aspects of the narrative being overblown, and surely I know that some places, including the USA, have been designing their medical systems to inadequately handle influxes, but still there seems to be lots of corona cases and insufficient capacity to deal with it - and even seeming regional variance that shows more deaths in areas that have taken fewer precautionary measures.  The seeming ongoing Corona impacts on medical systems are made up, or exaggerated?

Jay, Jay, Jay.  So many questions.  Do you drink coffee all day?
The projection is a periodic function.  The peaks are equidistant on the time axis.

Yes, last I checked UK excess deaths were up as much as, and indeed more than, COVID-19 reported deaths. If Covid deaths were predominantly categorisation errors, then we shouldn't have observed this increase.

Sunflower seeds and cocaine...

and just like that..

+1 WOsMerit


----
Good morning

Bitcoin has broken above fairly substantial mid term resistance at $9,228.86 and is currently trading at $9.35kish.   #dyor

tough choice for Elmo?   naaaaa
4h


serpent tests the air with forked tongue or under hill and over dale
D

#stronghands

Good morning Bitcoinland.

Finally a wee bit of movement... currently $9350UDS/$12575CAD (Bitcoinaverage).

Not enough to matter much in the greater scheme of things, but at least it's in the right direction.

Go Bitcoin go.

We should be able to simulaneously hold two conflicting ideas in our heads and still come to proper conclusions.

Sure some hospitals are engaging in shenanigans and deaths are being classified as covid... so fucking what?

We also should realize that the virus is real, and there are actual material and measurable impacts on a large number of communities outside of the purposeful bullshit with the economy there are actual people catching corona and likely to continue to spread when meaningful and targeted measures are not being taken seriously by anti-science bullshit and also anti-information baloney.

We have no such made-up tragedy or dilemma in bitcoin.

Accordingly the above snapshot remains misleading (and likely meaningless) as fuck in terms of what it is telling us about how bitcoin and stocks are moving similarly over a period of 2-3 months.

Who gives any fucks about that? including the idea of short term coincidental correlation.

You really believe we should be allowing this kind of white noise bulllshit news affect our thinkenings about bitcoin fundamentals or its possible future price performance, whether we are considering in the coming months or couple of years or even in terms of 4 year fractals or whatever longer time periods?

Zoom the fuck out!!!!!

 


 

Why is the upcoming peak in late 2021 almost the same length as the last peak (2013 to 2017), and the next peak in about mid-2025 about 9 months longer than the previous peaks?  are you extending the waves and is bitcoin getting out of 4-year fractals?  Are we going to need to tweak our various BTC price prediction models?  What are you going to call this extending curves model variation?  Is it a bitcoin is maturing model?  Or does it still allow for s-curve exponential adoption based on metcalfe and networking principles and does it also allow for some variation of stock to flow considerations?


You don't even know what is bitcoin, so there is that angle, too.   

 

Ok, however insurance companies have a vested interest to pay out as little as possible, so if a hospital was doing this they would be nailed to a cross in short order. I doubt the value increased would offset the risks taken so probably not.

From the link cited by another person above: (https://www.factcheck.org/2020/04/hospital-payments-and-the-covid-19-death-count/)

Very weak citation. FOAF (friend of a friend) is not something I would base my life on.

Remember: Reality exists.

It really might be the boomers who eventually cause this to flip.  It is they who are keeping the market ponzis rolling.

Best magic 8 ball ever.

I certainly hope we are not headed down some semantic rabbit hole about who changed what... but...

The most obvious change.  They have taken the big block ethos to it's end.  They did not only lift block size limitations, but the community has been building applications and uses that encourage as much use of the blockchain as possible.  They ridicule the BTC camp for it's Raspberry Pi nodes and have embraced the idea that nodes (which for them are de facto miners) will be big server farms pushing the boundaries of storage space, network bandwidth and computational resources.

Not only that, but the leaders of this have also pushed forth the idea that censorship resistance was never part of Bitcoin, and that it will be safe for blockchain maintenance to be handled by the anointed few partly because the blockchain will then also be subject to rollbacks, and censorship in cooperation with governments.

I am aware the Satoshi posted on this forum about mining being specialized hardware in server farms etc (I was a lurker back then).  But he also talked about people becoming vigilant about space/bandwith/cpu requirements in the future.  I also never read that he had begun to see that mining and consensus/verification would become two distinct things that could split into specialized groups.  I think Hal got that (and therefore possibly SN too?)   But Satoshi seemed to be of more than one opinion about how mining/consensus would evolve.  But what he did not seem to be two minds on is trust minimization, censorship resistance, and the need to avoid trusted third parties.

And those foundational blocks of Bitcoin are being cheerfully removed by the BSV camp.

I see it talked about very infrequently, but ui do believe one of the reasons for this is there are people who are attempting to use the courts to end up forcing a legal precedent for the keys to the early Satoshi block rewards to be handed over to them by force.  They hope for this to be done on the BTC chain, but they will at LEAST eventually achieve this on BSV.

The whole thing is a giant cluster, and the fact someone as smart as you can ignore the giant problems and warning bells here both amazes and concerns me.

Its a well known fact New York Hospitals Get Paid $13K to List Patients as COVID-19 and $39K to Put Them on a Ventilator