Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8092. (Read 26713548 times)

I think that is now the canonical expression of true love:  You will risk contracting coronavirus so that you can come closer than officially mandated social-distancing distance.

Either that, or an expression of the fact that you think with the little head.

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Anybody notice how it is now considered healthy to be isolated from other human beings?

@OP, this poll is typical of democracy:  It offers an exclusive choice between wrong options.


Please add this option:  “Panic”.

I do not fear the coronavirus.  As I have said, either I will die, or I won’t.  Meanwhile, I am alive.  I will take rational measures to increase my chances of staying that way.  I will not fear the virus.

I sure as hell am not caused fear by Bitcoin!  WTF.  Bitcoin makes me happy.  It is without exaggeration the only thing in my life that is going right, at this particular moment.  Everything else is hardforked without consensus, due to mass-panic.  That is why I have retreated into WO for the past few days, to run with the bulls.  Something is still right in the world.  Go, Bitcoin. go!

I fear the panic, or more precisely, the foreseeable results of the panic.

At this point, I am nearly panicked over panic.

I need an appropriate poll option, so that I can exercise my Right to Vote.  Or is it my Right to Submit Vote?  Or my Right to Submit?  Hmmm.

Thanks.

Thanks for what?  You seem to have inabilities (could be just lack of desire or even desires to misinform) to grapple with actual facts and logic, unless you are merely selectively choosing or making shit up.



Aren't you afraid of germs, LFC?



 

Innovations in campaign finance reform:  Bankroll your own campaign for your first term, and then use tax money to buy everybody’s votes for your second term.  Now, that’s leverage!  If Democrats whine, point out that they’re the ones who want UBI or something like it.  What you are doing is totally different, because you wave so many American flags that you are definitely against Communism—so much against it, that you will spend the next four years building it even more, instead of building that wall thing, or rebuilding American industry, or whatever else you promised as boob-bait so long ago that insofar as the stereotypical American attention span is concerned, it is ancient history.

MAGA!


Try this.  It compiles, and you can even run it:

The secret proprietary code for Nullian Coin, which is so superior to Bitcoin that I will not let anybody have any:

Code:

#include 
#include "/dev/null"

int
main(int argc, char *argv[])
{

	return (*(int*)NULL);
}

See my avatar:  It is the secret formula for creating infinite money with zero inflation.  My design for a perpetual motion machine is too complex to fit in the margin of this post.

WO post #5:

So, when do you predict that we may test $9000 again?

I’m not one of those “MOON!” people.  I think that outlandish price predictions are damaging to Bitcoin:  They attract get-rich-quick FOMO that quickly turns to weak-hands panic.  Frankly, I would rather see slow, steady growth driven by growth in adoption of Bitcoin for actual use as money—both for transactions, and for long-term HODLing of savings.  Those two functions are indeed intertwined.

That being said, now that we have crossed the $9000 mark many times, I think this is reasonable to ask.  Also, $10k.  That is a psychological point of great ovine import.  If we can just get solid support at $10k, maybe after the halvening, then that would be a good starting point for a period of slow, steady growth with the lessened volatility that would in turn facilitate more adoption.  What do you think, TA wizards?

Of course, I have hereby committed a common fallacy:  Using the dollar as the measure of Bitcoin’s value.  If we soon see the effects of rapid dollar inflation (as seems a real possibility), then Bitcoin may indeed soon hit $1,000,000, without gaining any purchase power—just because the dollar crashed, and a $100 bill now buys a loaf of bread (if that).  Hyperinflation could also quickly give us quadrillion-dollar Bitcoins, or whatever; but that would not mean much, if it may also signal the global breakdown of technological civilization, and thus, the loss of the Internet.

A moderate amount of dollar inflation is also built into the rise since 2013:  $50 in 2013 dollars would be worth significantly more today.  Not >100x more!

I only see one problem here, the shit virus that is making people sick and crippling economies.
There are weak hands in Bitcoin and in the traditional markets, right now there are also a lot of bitcoiners speculating on stocks at a good price, when the coronavirus storm comes to an end,
Bitcoin will return to its bullish path.
This is my reflection, Bitcoin is at its best moment in history, therefore BTCullish

https://twitter.com/100trillionUSD/status/1239918130849333249

There are 198,513 confirmed cases worldwide affecting 165 countries with almost 8,000 deaths.

- The US death toll passed 100 with 6,500 cases as coronavirus reached every state.

- Nevada orders all non-essential businesses to close, including casinos in Las Vegas.

- NBA superstar Kevin Durant tests positive for coroanvirus.

- Guatemala suspending incoming flights carrying immigrants and asylum seekers sent by the United States.

- 20% of health care professionals in Lombardy region infected. Italy's death toll rises by 16% in 24 hours.

- Honduras orders nationwide lockdown.

- Luxembourg declares state of emergency.

- Sri Lanka airports closed for 2 weeks.

- Oman has closed all tourist sites, sports clubs, mosques, all shops in malls except food stores and pharmacies and has banned gatherings in public places.

- Brazil, Pakistan and Turkey reporting first deaths.

- Amazon is suspending all shipments other than medical supplies and household staples to its warehouses.

- Euro Football 2020 postponed until 2021.

- 2020 Copa America suspended.
 
- France's president suspends payment of taxes, rent, water, gas, and electricity bills for companies.

- Spanish government has vowed to suspend mortgage payments for workers and self-employed affected by the coronavirus epidemic.

- Australian airline Qantas to cut international flights by 90%.

- Center Parcs has said it is closing all its UK villages.

- Public buildings are closing across Scotland as authorities announced second death.

- Military deployed in Serbia enforced state of emergency.

- Trump administration proposes giving $1,000 checks to Americans.

- Fed announces two $500 billion overnight repo operations every day.

- Trump’s "Chinese virus" tweet adds fuel to the fire with Beijing.

- China says it will revoke the credentials of U.S. journalists from the New York Times, Wall Street Journal and Washington Post in response to new U.S. restrictions on Chinese media.

- Hong Kong dog that tested weak positive for Covid-19 dies.

- Foreign travellers need to leave the northern Philippines by Friday.

- The British foreign office has advised its citizens in Myanmar to leave the country.

- UK supermarket chain Sainsbury’s has just emailed its customers announcing rations. Customers will be able to buy a maximum of three of any grocery product and a maximum of two on the most popular products including toilet paper, soap and UHT milk.

- Saudi Arabia orders private sector workers to stay home for 15 days.

Though my body is not that old, my females are ancient and timeless.  By the power vested in me by the god of Bitcoin, I have officially declared them to be Bitcoinesses:

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Quote from: jojo69 on March 17, 2020, 10:02:31 PM

you have to keep reminding me

Phryne will make it all better.  Though I warn you, you will not have much Bitcoin left after that.  Look up what she offered to do for Thebes from her personal pocket money; she did not become so wealthy by providing intimate companionship for free.  Now that she takes Bitcoin, expect for her to be soon eating the whales for breakfast.  What would you pay for something priceless?

(Lilith is from a different culture.  She does not take your coins—only your soul and your seed.)

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Quote from: OutOfMemory on March 17, 2020, 06:31:46 PM

Quote from: jojo69 on March 17, 2020, 06:27:25 PM

you should totally set up a threesome

#nohomo

No, I will not let you watch my threesome with Phryne and Lilith.  Well, not unless you pay good BTC.  How much do you have?

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Quote from: lightfoot on March 17, 2020, 10:39:34 PM

The old are hardly wise. :-)

But the young are foolish. :-)

Trump pushes for massive aid from Congress, checks to public

The old are hardly wise. :-)

LOL

Jesus

+1 WOmerit

I shouldn't have eaten 2 donuts for breakfast.

Naw...just being 'different'

I suppose I 'should' 'squish' them all back together and such when done though....(looks fine at my end..go figure)

So, ruin the world for strong, healthy people for the purpose of protecting sick people and stereotypical American fat slobs?

Don’t make me start dropping Nietzsche in WO.  (I am famous for that in Reputation and Meta.)

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If there ever arises a genetically engineered bioweapon that selectively kills people who fear death, nullius did it.

I will call it the CatCH-22 virus.

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Damn, this thread moves fast.

Quote from: JimboToronto on March 17, 2020, 10:07:40 PM

I've got an idea. Why don't we quarantine  all the old and wise.

Then the young and stupid can infect each other. Great way to fight the idiocracy.

 8)

Quote from: nullius on March 17, 2020, 10:33:23 AM

I am neither young nor healthy.  Without disclosing personal details that may compromise my privacy, I will note that I am at significantly higher than average risk of death from coronavirus.

However, as I have said repeatedly, life is risk.  It would be awfully hypocritical of me to preach about courage, then turn around and demand that healthy young people destroy the world and embrace unlimited tyranny because I got panicked about a personal risk to myself.

My first public message about the coronavirus:

Quote from: nullius on March 15, 2020, 12:53:59 PM

Dear readers of the forum:

Some of you will die from the coronavirus.  (—Some few of you:  The virus has low lethality except to the aged or otherwise frail.)  The virus may kill me, too; maybe, maybe not.  That is acceptable:  Life is risk, and death is a part of life.  My only sadness is that sometimes, the worst befalls the best of people.

* nullius will now hammer the post button until it goes through

You might want to stock some fertile young females for your geritopia there Jimbo

I've got an idea. Why don't we quarantine  all the old and wise.

Then the young and stupid can infect each other. Great way to fight the idiocracy.

 

you have to keep reminding me

Fuck you for making me sad that I don’t have any significant fiat for buying Bitcoin in the dip.  :'-(


Edit:  Doubly sad that I didn’t buy mindrust’s coins.  If I had, I would offer them back to him later at a moderate penalty for the panic.  I almost want to give him some Bitcoin, a trivial amount, just to stop him from being a nocoiner.  My problem is that in a few years, that “trivial amount” may look like jojo’s old $13/BTC sales.  Yes, I hoard.

Without a doubt, Covid-19 has been a Fundamental in every way, notably affecting all markets.

Bitcoin Price, Stocks, Rally on Trump COVID-19 $1 Trillion Stimulus Reveal




“For a full trend reversal, investors should generally expect the lower levels to be tested for a double bottom formation. Another argument would be a bullish divergence on higher time frames, which usually implies a bottom structure.”


Source: https://cointelegraph.com/news/bitcoin-price-stocks-rally-on-trump-covid-19-1-trillion-stimulus-reveal

If positive news emerges, I'm sure the recovery of the markets will be imminent, perhaps the cure for this virus is the trigger to see Bitcoin again at $ 9k- $ 10k.

I suggest that the basic fallacy here is evaluating Bitcoin’s value based on the cost of mining.  This was raised somewhere earlier in the same general context (sorry, WO n00b here will not dig back through all these fast-moving pages to find it).

As I have been saying on this forum since I was a Newbie (search post history), Bitcoin’s value is not based on the cost of producing a coin.  That is backwards:  Miners are incentivized to mine, based on a market value that rises from other factors.  Observe that if the market value of Bitcoin were to drop below the cost that can be recovered from mining, then hashpower would surely decrease:  Miners could not prop up Bitcoin’s value by spending more on electricity!

Of course, there is a subtle feedback loop between one of the factors in Bitcoin’s value and the hashrate:  The higher the hashrate (assuming that the total is split between non-colluding independent parties), the more secure Bitcoin is.  The more secure Bitcoin is, the better it is for the usefulness that gives it its real value.  But that is not the primary factor; and it is more a matter of effects than causes.

My Bitcoin Social Phenomenon thread presents my thesis on the true nature of Bitcoin’s value.  I mean its long-term real value in terms of fundamentals, not its speculative daytrading value.  In short:  Bitcoin is the money that lets you independently control your own funds, store them securely, and transmit them anywhere in the world fast and easily.  Both its security and its value are increased by a design that not only assumes it is deployed in a hostile environment between mutually distrusting parties, but actually exploits distrust and competition to encourage both mining and nodes.  Bitcoin doesn’t care if its users love each other, or hate each other—it just keeps going, providing a global transaction network that nobody can control.

As such, Bitcoin facilitates other economic activity which would be otherwise inconvenient or impossible—Bitcoin’s real value rises thus.

Bitcoin was the first money in all of history to have these characteristics; indeed, it invented its own characteristics.  Thereupon, it has organically grown a user base, an established reputation, a decentralized social movement that cannot be duplicated.  There is only one Bitcoin, and there can only be one Bitcoin.  The upside is that Bitcoin’s uniqueness makes it all the more valuable—the downside is that if Bitcoin were to fail, we could not just make another Bitcoin.

I don’t think that even Satoshi really understood the value of what he created.  Nobody could have.  I surely didn’t (which is why I am not rich).

Bitcoin is historically significant.  Epochal.  I do not use those terms lightly:  I have too much respect for history, and I detest hype.

Any more questions about what gives Bitcoin its value?