Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8155.

somac.

legendary

Activity: 2050

Merit: 1184

Never selling

Quote from: bitserve on March 12, 2020, 10:10:30 PM

Quote from: eddie13 on March 12, 2020, 10:04:17 PM

Quote from: infofront on March 12, 2020, 09:54:23 PM

I've missed a lot of pages, so this has probably been posted already: https://www.forbes.com/sites/billybambrough/2020/03/12/the-real-reason-behind-bitcoin-ethereum-ripples-xrp-and-litecoins-50-billion-crash/#2881ecc769b5

"Another proof that bitcoin is not a good hedge versus risky assets in risk-off episodes. It actually falls more than risky assets during risk-off."

Is BTC worth anything at all anymore after this shitshow performance?
Unsure..

If it doesn't hedge against the normie economy.... then.... Fuck it.. Junk..

Bitcoin is too fucking volatile to be a proper short term hedge. Long term it has performed like a great "hedge" though.

exactly, long-term this a hedge against corruption, fraud, and crony governments. And all of those things are gong to pickup steam substantially this year.

bitserve

legendary

Activity: 1862

Merit: 1530

Self made HODLER ✓

Quote from: eddie13 on March 12, 2020, 10:04:17 PM

Quote from: infofront on March 12, 2020, 09:54:23 PM

I've missed a lot of pages, so this has probably been posted already: https://www.forbes.com/sites/billybambrough/2020/03/12/the-real-reason-behind-bitcoin-ethereum-ripples-xrp-and-litecoins-50-billion-crash/#2881ecc769b5

"Another proof that bitcoin is not a good hedge versus risky assets in risk-off episodes. It actually falls more than risky assets during risk-off."

Is BTC worth anything at all anymore after this shitshow performance?
Unsure..

If it doesn't hedge against the normie economy.... then.... Fuck it.. Junk..

Bitcoin is too fucking volatile to be a proper short term hedge. Long term it has performed like a great "hedge" though.

peonminer

hero member

Activity: 798

Merit: 531

Crypto is King.

Phrase of the day:

Lambie Slayer

hero member

Activity: 994

Merit: 707

https://twitter.com/PrisonPlanet/status/1238254013201727494

"Not to downplay coronavirus, but the 2009 swine flu epidemic infected 61 million Americans, killed over 12,000 and I don't recall anywhere near this level of hysteria."

By the way, stock futures did not bounce with us just now. That was all King.

somac.

legendary

Activity: 2050

Merit: 1184

Never selling

Quote from: mindrust on March 12, 2020, 10:05:07 PM

Put a buy order at ~4500 and going back to sleep. I want my coins back :d

I think you'll get them back. Just don't over invest.

somac.

legendary

Activity: 2050

Merit: 1184

Never selling

Quote from: eddie13 on March 12, 2020, 10:04:17 PM

Quote from: infofront on March 12, 2020, 09:54:23 PM

I've missed a lot of pages, so this has probably been posted already: https://www.forbes.com/sites/billybambrough/2020/03/12/the-real-reason-behind-bitcoin-ethereum-ripples-xrp-and-litecoins-50-billion-crash/#2881ecc769b5

"Another proof that bitcoin is not a good hedge versus risky assets in risk-off episodes. It actually falls more than risky assets during risk-off."

Is BTC worth anything at all anymore after this shitshow performance?
Unsure..

If it doesn't hedge against the normie economy.... then.... Fuck it.. Junk..

It is a hedge against money printing and censorship. The printing hasn't arrived yet, but it will soon, and this printing will be one for the ages.

eddie13

legendary

Activity: 2296

Merit: 2262

BTC or BUST

Quote from: Lambie Slayer on March 12, 2020, 10:00:50 PM

Covbull-19 is still bullish af

Sure....

rolling

hero member

Activity: 824

Merit: 712

This is really shitty. There should be some consolation prize at least, like if most of the alts died right here and for good.

mindrust

legendary

Activity: 3276

Merit: 2442

Put a buy order at ~4500 and going back to sleep. I want my coins back :d

I want a miracle when I woke up 3-4 hours later :d

Pseudo-Random

member

Activity: 80

Merit: 27

A dream that you had, about being a person.

A historic ~49% range in a single 40-minute candle.

From $3800 to $5750 on 'Stamp & GDAX while a more muted $4000 to $5400 on BFX because of course, 'finex has much bigger less amateurish whales with deeper volume & liquidity.

Crypto is Tech.

Tech was the bubble again.

Flu panic popped that bubble a fair bit.

So, even gold & btc fold too. Liquidity Crisis.

Especially since the past 10-15 years, everything got integrated into BigTech, ETF'd, leveraged, from gold/silver to crypto to even collectors' gimmicks or art pieces.

Makes sense, and it'll all go back to 30k DJIA & 10-660k BTC within years.

Central Banks, and the world's 100+ million millionaires, are always there to print, and bid it up.

..Until that weird uncanny day when famine, payroll wages or worker disruption, looting, pillage, rape, civil war, nuclear blasts, become widespread, spiral out of control ; thus law & order breaks down and somehow eludes paranoid paramilitary agencies' grip in being restored and so techno-industrial global civilization's social complexity breaks down for a long, long time.

I've lurked & posted (under a variety of accounts) on WO since late January 2014, having discovered decentralized finance in September 2013. Wasted my vast opportunities. Squandered my easy early pickings. Seen it.

eddie13

legendary

Activity: 2296

Merit: 2262

BTC or BUST

Quote from: infofront on March 12, 2020, 09:54:23 PM

I've missed a lot of pages, so this has probably been posted already: https://www.forbes.com/sites/billybambrough/2020/03/12/the-real-reason-behind-bitcoin-ethereum-ripples-xrp-and-litecoins-50-billion-crash/#2881ecc769b5

"Another proof that bitcoin is not a good hedge versus risky assets in risk-off episodes. It actually falls more than risky assets during risk-off."

Is BTC worth anything at all anymore after this shitshow performance?
Unsure..

If it doesn't hedge against the normie economy.... then.... Fuck it.. Junk..

Arriemoller

legendary

Activity: 2282

Merit: 1767

Cлaвa Укpaїнi!

So I decided to take one day of from this thread and now I'm 41 pages behind. WTF!

Biodom

legendary

Activity: 3990

Merit: 4597

Quote from: lightfoot on March 12, 2020, 09:57:50 PM

Well, another day comes to a close. And what tomorrow may bring I have no fucking clue. Might go to 20,000... Might go to 20. Might go from 20k to 20 in the time it takes to eat a bowl of wheaties.

Whatever. This is a fun ride and it's interesting to see this happen with a bunch of people like this forum.

Bitcoin as a Schrodinger's cat.
You never know if it is "dead" or "alive" before you open the darned browser after 10 min has passed.

dragonvslinux

legendary

Activity: 1722

Merit: 2213

Quote from: d_eddie on March 12, 2020, 09:56:55 PM

Below 5k again. Double dip ongoing?

Last chance to buy below the 200 Week MA Tongue

somac.

legendary

Activity: 2050

Merit: 1184

Never selling

Quote from: infofront on March 12, 2020, 09:57:40 PM

Quote from: Lambie Slayer on March 12, 2020, 09:44:45 PM

To any newbs out there who just went through all that and didn't sell. Congrats, you're a man now.

Still cant believe we actually got under 4k. Holy Flu Hoax!

via Imgflip Meme Generator

I thought I was a grizzled ass veteran who's been in this BTC game for almost 9 years now. Today scared the shit out of me though. I can only imagine how it was for a noob.

Still hodling though, and managed to buy more.

can't agree more. I've been in for 7 years. Thought I had seen it all.

The world is in a really fucked up place right now, anything can happen. But I know sooner or later we are going to see a lot of stimulus, CBs buying assets directly, but will also see helicopter money and debt purchases. This is going to be far more serious than 2008.

jojo69

legendary

Activity: 3388

Merit: 4775

diamond-handed zealot

how interesting

Lambie Slayer

hero member

Activity: 994

Merit: 707

Quote from: JayJuanGee on March 12, 2020, 09:46:28 PM

Quote from: Lambie Slayer on March 12, 2020, 12:50:30 PM

I dont think Bargain Boyz were expecting this....

Finally, a little humility from Lambie bambie...

We're making some progress. Wink

JJG-GayJG learning some of my tactics. This will take you far in life my son. Cool

I was right about all the money printing we got, but had no clue that a flu about as deadly as global diaper rashes would be successfully used by climate alarmist types to trick hardened and grizzled Bitcoiners into panic selling under 4k after the biggest daily drop ever.

Covbull-19 is still bullish af big picture, people just will have to figure out that the mortality is low and deaths aren't increasing exponentially first.

Happy Thursday. Kiss

lightfoot

legendary

Activity: 3220

Merit: 2334

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

Well, another day comes to a close. And what tomorrow may bring I have no fucking clue. Might go to 20,000... Might go to 20. Might go from 20k to 20 in the time it takes to eat a bowl of wheaties.

Whatever. This is a fun ride and it's interesting to see this happen with a bunch of people like this forum.

infofront

legendary

Activity: 2660

Merit: 2868

Shitcoin Minimalist

Quote from: Lambie Slayer on March 12, 2020, 09:44:45 PM

To any newbs out there who just went through all that and didn't sell. Congrats, you're a man now.

Still cant believe we actually got under 4k. Holy Flu Hoax!

via Imgflip Meme Generator

I thought I was a grizzled ass veteran who's been in this BTC game for almost 9 years now. Today scared the shit out of me though. I can only imagine how it was for a noob.

Still hodling though, and managed to buy more.

d_eddie

legendary

Activity: 2520

Merit: 3038

Below 5k again. Double dip ongoing?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8155. (Read 26711595 times)