Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7652.

Krubster

sr. member

Activity: 378

Merit: 889

Quote from: 600watt on May 17, 2020, 11:23:36 PM

it is not likely but nothing in bitcoin is impossible: before the run-up to 1.2k in late 2013 there was a short but scary dip end of september, which was due to silkroad getting busted and all the noob hodlers panicked since now there was "no use case for bitcoin anymore" price fell from $125 to $85 within minutes. bitcoin was dead for sure. then it recovered also within minutes and as soon as everyone noticed that bitcoin wasn´t dead it started its famous run to 1.2k. maybe the corona-dip was the same kind of dip? it was a make-or-brake moment for btc for sure.
i know it´s a far stretch. we will know in a few weeks when price is over $80k... Wink

I was one of those n00bs. Grin

If I recall correctly, it dropped all the way down to $60-70, where I managed to panick-sell. That's the last time I've ever sold any substantional amount of my stash, hodling strong ever since.

It looks like we are going to make an attempt to break the 5-digit barrier today. Bullish.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Indymoney on May 17, 2020, 03:30:13 PM

Quote from: hodl_2015 on May 17, 2020, 03:26:30 PM

Quote from: HairyMaclairy on May 17, 2020, 03:19:01 PM

Never bet the house. Because if you lose, then you don’t have a house.

He is not betting the house, he is selling it. He needs to rent either way, and possibly could continue to rent after finding a job.

Selling is also not good idea in this quarantin days as this can create many problems for seller. Wink

Ask Elwar how it worked out for him?

Elwar sold his house right around the time of the 2016 halvening, so in a similar situation 4 years earlier.

He was also underwater for a few months after he bought bitcoin with his house proceeds for several months, and a lot of people referred to him as gambling a bit too much... but we know what happened in late 2016, so he would have broken even and started to be in profits by the end of the year, and 2017 was even better.

Yeah, personally, I would have had problems allocating so much into bitcoin, and especially in a lump sum like that, so surely each person should be weighing how the rest of his finances are doing, and be prepared for the BTC price to either go down and just make sure that living expenses and emergency funds are covered.. but sure in Elwar's case, it seemed to have worked out pretty decently, and we have heard of some other folks who invested like that during an exponential BTC price growth period and did not work out so well for them, but would have likely worked out o.k. if they would have been able to hold their position for more than 4 years.

Quote from: Elwar on May 17, 2020, 03:57:21 PM

Quote from: HairyMaclairy on May 17, 2020, 03:19:01 PM

Quote from: Biodom on May 17, 2020, 12:41:27 PM

A well known dude (@Davinci) is selling the house to buy bitcoin with proceeds (surprisingly, wifey is on board, apparently).
https://twitter.com/Davincij15/status/1260243620956954624

Reactions? A timely move or not? To me, maybe too much risk inasmuch as having a shelter has more meaning than just an investment. In fact, I never thought about the house as an investment, but more like as a place to live without getting bothered by a greedy landlord.

Never bet the house. Because if you lose, then you don’t have a house.

Sold my house. Put all the money from the sale toward BTC at around $660.

Bet the house.

No need to ask Elwar.

He will tell you, voluntarily. Wink

serveria.com

legendary

Activity: 2492

Merit: 1230

Privacy Servers. Since 2009.

At $10k btc is still DIRT CHEAP!

serveria.com

legendary

Activity: 2492

Merit: 1230

Privacy Servers. Since 2009.

Quote from: 600watt on May 17, 2020, 11:23:36 PM

it is not likely but nothing in bitcoin is impossible: before the run-up to 1.2k in late 2013 there was a short but scary dip end of september, which was due to silkroad getting busted and all the noob hodlers panicked since now there was "no use case for bitcoin anymore" price fell from $125 to $85 within minutes. bitcoin was dead for sure. then it recovered also within minutes and as soon as everyone noticed that bitcoin wasn´t dead it started its famous run to 1.2k. maybe the corona-dip was the same kind of dip? it was a make-or-brake moment for btc for sure.
i know it´s a far stretch. we will know in a few weeks when price is over $80k... Wink

Yeah and some peeps here are still unsure which way will btc go... seriously? After 2 years of bear a drop of 80 something % from the ath and a flash crash to 3k weeks before the halving? Really? Cool

serveria.com

legendary

Activity: 2492

Merit: 1230

Privacy Servers. Since 2009.

Quote from: Icygreen on May 17, 2020, 09:20:38 PM

The <10K sale has nearly concluded, Congrats to the stackers and hodlers! Up to the traders now. Launch pad or bear market. I'm equally excited both directions Wink

Let er rip!

Bear market? We've had enough of bear market...

bitebits

legendary

Activity: 2242

Merit: 3523

Flippin' burgers since 1163.

Dear $€£ fourdigit sellers,

Resistance is futile. A five digit bitcoin is happening whether you like it or not. The WO is sorry for your loss though, so please come join us in the journey adding the next 10K towards the ATH.

Thank you.

600watt

legendary

Activity: 2338

Merit: 2106

it is not likely but nothing in bitcoin is impossible: before the run-up to 1.2k in late 2013 there was a short but scary dip end of september, which was due to silkroad getting busted and all the noob hodlers panicked since now there was "no use case for bitcoin anymore" price fell from $125 to $85 within minutes. bitcoin was dead for sure. then it recovered also within minutes and as soon as everyone noticed that bitcoin wasn´t dead it started its famous run to 1.2k. maybe the corona-dip was the same kind of dip? it was a make-or-brake moment for btc for sure.
i know it´s a far stretch. we will know in a few weeks when price is over $80k... Wink

Arriemoller

legendary

Activity: 2310

Merit: 1799

Cлaвa Укpaїнi!

Quote from: Biodom on May 17, 2020, 04:37:45 PM

Quote from: vapourminer on May 17, 2020, 04:19:24 PM

Quote from: jojo69 on May 17, 2020, 01:30:22 PM

how do you "forget" to wear your mask?

fuck, we be bleaching every goddamned item that enters the house

pain in the fucking ass

yup. except using hydrogen peroxide here. got carried away with the strength when mixing it down from 7% solution. ouch. now i know why you can use it for rocket fuel. well, sorta. but now i have much healthier respect for it.

you...youuuuuu...
No hydrogen peroxide OR bleach OR isopropyl alcohol in any grocery store or pharmacy around here (and wasn't for the last two months).
Every time I go to pharmacy I can barely contain myself from yelling at the staff about this.
WTFF (that would be f--ie f--k)

It's out in Sweden to, or was, it's slowly coming back in stock.
But I had no trouble ordering from the internet, the place is full of it.
Not that I'm gonna need it now.

Room101

sr. member

Activity: 541

Merit: 362

Rules not Rulers

.

Paashaas

legendary

Activity: 3620

Merit: 4813

Really?

Mike Tyson (53) VS Evander Holyfield (57). Shocked

lightfoot

legendary

Activity: 3220

Merit: 2334

I fix broken miners. And make holes in teeth :-)

Quote from: Arriemoller on May 17, 2020, 09:43:46 PM

I'm so sorry for your losses,that must be terrible.

Thank you. One friend did blow his brains out while sick, so I don't know if that counts or not.

Quote

A woman at the dinner party had a slight cough, she later lost her sense of smell and that's when she understood she got covid-19. Both my brother and his wife got infected, this was on a Thursday, when I visited them on Sunday and had lunch with them my brother was coughing and that must have been when I got it, because about five days later I started getting symptoms.
He doesn't live with me but I visit him and his wife regularly for dinner.
His wife is in a worst state, in bed with a high fever and cough, my brother is felling pretty ok, not totally cured, but good enough to work from home. (he's a forwarding agent at Postnord, formerly the royal (Swedish) mail).

Once again, thank you for the data. Sounds very contagious, I'll keep this in the back of my mind.

Arriemoller

legendary

Activity: 2310

Merit: 1799

Cлaвa Укpaїнi!

Quote from: Krubster on May 17, 2020, 10:30:16 AM

Quote from: Arriemoller on May 16, 2020, 11:51:56 PM

Now, let me explain to all of you why the Swedish government is not closing down society and quarantining people/closing of areas.

This is a little known fact outside Sweden, and it rarely comes up in the debate.
Neither the Swedish government nor the Swedish parliament has the authority to do that.
The Swedish constitution guarantees all citizens the right to free movement in peacetime, no exceptions but one, people with a dangerous contagious disease can be forcefully quarantined according to the contagious disease act. But that only applies to specific individuals.
And there is no such thing as marshal law in Sweden, not allowed by the constitution.

So, no matter how much people or other countries bitch about Swedens way of handling the crisis, nothing is going to change.
You can change the constitution, but that reacquires two parliament votes with one general election in between.
We might se a change in the wording in the constitution from just "wartime" to "war and pandemics" or something like that, but no such change has been suggested yet.

I rarely post here, but as a fellow Swede I felt I just had to respond.

First of all, I'm happy you are feeling better and I hope you make a full recovery soon.

The Swedish situation has little to do with its laws, but rather as a result of the recommendations by the Government in general, and by the FHM (The Swedish Public Health Authority) in particular, or should I rather say the lack of thereof.

Take our neighbouring countries Norway and Finland as an example. We share similar laws and we have similar traditions, ways of living etc. They have 232 respectively 297 death, compared to Sweden's 3674 death as of today. The difference is their governments has acted much more forcefully and managed to protect their elders.

The lack of testing of workers in hospital and nursing/elderly homes has made the virus spread uncontrollably among our most vulnerable people.

Myself is utterly disgusted how Swedish authorities has handled this pandemic so far.

Let me also elaborate a bit, there is a shitload of things that the government/parliament can do that they haven't, they can for example, after some bureaucratic acrobatics, close of smaller areas using the pandemics act, but closing of all of Stockholm for example is not allowed, it would probably be to big an area. The important thing is that they do not have the power to lock everybody in their houses and restrict travel, with some exemptions.

Arriemoller

legendary

Activity: 2310

Merit: 1799

Cлaвa Укpaїнi!

Quote from: Krubster on May 17, 2020, 10:30:16 AM

Quote from: Arriemoller on May 16, 2020, 11:51:56 PM

Now, let me explain to all of you why the Swedish government is not closing down society and quarantining people/closing of areas.

This is a little known fact outside Sweden, and it rarely comes up in the debate.
Neither the Swedish government nor the Swedish parliament has the authority to do that.
The Swedish constitution guarantees all citizens the right to free movement in peacetime, no exceptions but one, people with a dangerous contagious disease can be forcefully quarantined according to the contagious disease act. But that only applies to specific individuals.
And there is no such thing as marshal law in Sweden, not allowed by the constitution.

So, no matter how much people or other countries bitch about Swedens way of handling the crisis, nothing is going to change.
You can change the constitution, but that reacquires two parliament votes with one general election in between.
We might se a change in the wording in the constitution from just "wartime" to "war and pandemics" or something like that, but no such change has been suggested yet.

I rarely post here, but as a fellow Swede I felt I just had to respond.

First of all, I'm happy you are feeling better and I hope you make a full recovery soon.

The Swedish situation has little to do with its laws, but rather as a result of the recommendations by the Government in general, and by the FHM (The Swedish Public Health Authority) in particular, or should I rather say the lack of thereof.

Take our neighbouring countries Norway and Finland as an example. We share similar laws and we have similar traditions, ways of living etc. They have 232 respectively 297 death, compared to Sweden's 3674 death as of today. The difference is their governments has acted much more forcefully and managed to protect their elders.

The lack of testing of workers in hospital and nursing/elderly homes has made the virus spread uncontrollably among our most vulnerable people.

Myself is utterly disgusted how Swedish authorities has handled this pandemic so far.

We are not in disagreement, I'm not happy with the lack of protection of the elderly and the lack of good recommendations. I'm just explaining why we will not see a lock down in Sweden.

Arriemoller

legendary

Activity: 2310

Merit: 1799

Cлaвa Укpaїнi!

Quote from: lightfoot on May 17, 2020, 09:30:26 AM

Quote from: Arriemoller on May 16, 2020, 10:58:29 PM

Quote from: lightfoot on May 16, 2020, 08:44:39 AM

Doesn't sound like the Flu...

Good to hear you're alive. Any ideas on how you might have gotten it?

Yes, my idiot brother went to a dinner party, one of the guests was infected, he then passed it on to me.

Thanks, that's a very good bit of data, was he next to the sick person, were they coughing, and did he cough on you? Does he live with you?

Sorry for all the questions, but you're the second person I know who got this and lived (several didn't).

Thanks again!

I'm so sorry for your losses,that must be terrible.

Both I and my brother have made sure to take plenty of vitamin D, like over 5000 IE a day, and zink, and made sure not to take any cholesterol lowering drugs during this pandemic.

A woman at the dinner party had a slight cough, she later lost her sense of smell and that's when she understood she got covid-19. Both my brother and his wife got infected, this was on a Thursday, when I visited them on Sunday and had lunch with them my brother was coughing and that must have been when I got it, because about five days later I started getting symptoms.
He doesn't live with me but I visit him and his wife regularly for dinner.
His wife is in a worst state, in bed with a high fever and cough, my brother is felling pretty ok, not totally cured, but good enough to work from home. (he's a forwarding agent at Postnord, formerly the royal (Swedish) mail).

Toxic2040

legendary

Activity: 1834

Merit: 4197

the evening wall report

Local double top rejection in the climb toward 5 digits indicate more consolidation and accumulation are possible. #dyor

4h

D

#stronghands

Arriemoller

legendary

Activity: 2310

Merit: 1799

Cлaвa Укpaїнi!

Quote from: serveria.com on May 17, 2020, 09:26:10 AM

Quote from: Arriemoller on May 16, 2020, 11:51:56 PM

Now, let me explain to all of you why the Swedish government is not closing down society and quarantining people/closing of areas.

This is a little known fact outside Sweden, and it rarely comes up in the debate.
Neither the Swedish government nor the Swedish parliament has the authority to do that.
The Swedish constitution guarantees all citizens the right to free movement in peacetime, no exceptions but one, people with a dangerous contagious disease can be forcefully quarantined according to the contagious disease act. But that only applies to specific individuals.
And there is no such thing as marshal law in Sweden, not allowed by the constitution.

So, no matter how much people or other countries bitch about Swedens way of handling the crisis, nothing is going to change.
You can change the constitution, but that reacquires two parliament votes with one general election in between.
We might se a change in the wording in the constitution from just "wartime" to "war and pandemics" or something like that, but no such change has been suggested yet.

Yeah, democracy and all... but, in case of a really deadly virus wouldn't it mean that most of the population is going to die? Huh

Yes probably, I think it's simply a mistake, the current constitution came into effect in 1974 replacing the older version from 1809, and in 1974, deadly pandemics were a thing of the past, or so we thought. I'm pretty sure a change will come.

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Quote from: Hyperjacked on May 17, 2020, 09:13:20 PM

Well for all those that bought under 100$.... Shocked

Life is good!

How about those who bought under $10 or under $1? Life is amazing.

For those who bought under $1000 things are already pretty good and will soon be great.

Before long people will be jealous of those who bought under $10k.

Life is good regardless. Life with a nice stash of bitcoins is even better.

Icygreen

legendary

Activity: 1464

Merit: 1136

The <10K sale has nearly concluded, Congrats to the stackers and hodlers! Up to the traders now. Launch pad or bear market. I'm equally excited both directions Wink

Let er rip!

Hyperjacked

legendary

Activity: 1624

Merit: 1126

It's all mathematics...!

Well for all those that bought under 100$.... Shocked

Life is good!

fillippone

legendary

Activity: 2380

Merit: 17063

Fully fledged Merit Cycler - Golden Feather 22-23

Quote from: machasm on May 17, 2020, 12:32:10 PM

Quote from: Last of the V8s on May 17, 2020, 12:26:00 PM

so the miners could plan properly

Thanks V8 and jbreher
Wasnt trying to stir anyhting up.

I think of course a smooth function is better than a jump-one.
The point is that if you zoom it out to 2140, when the last satoshi will be mined, the function is smooth enough, I think.

I think the answer has been posed many time: why those “halving” and not many more “decreasing” in the issuance? Or rather a continuous reduction in the Coinbase?
I think Satoshi made many bets in his bitcoin protocol. He probably overlooked this particular one, and took a very conservative one. Maybe for the sake of simplicity in the code or because as probably would have posed very weird problems in the distant future toward the end of the mining cycle.
Over the proposed life of bitcoin it was probably little relevant.

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