Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8188. (Read 26710965 times)

I'm not "negative on bitcoin," nor am I "bashing" it. I just see zero evidence that it acts as a hedge in a falling stock market. You thus far haven't presented any.

Are you the same nutildah?

I am not redefining hedge...

Get a grip.

You have been pretty negative and bashing on bitcoin lately.

You also should know better.

Of course, it is likely that bitcoin is going to experience a lot of short term correlation with traditional markets, and sometimes, recently, you are acting like you don't even understand bitcoin.  Did you sell your account?  Bring back the real nutildah....

May I remind you where we are at?  We had about a 63% price appreciation in BTC in about two months from $6,125 to $10,500, so yeah, we were ready for a correction, and sure the market situation likely exacerbated a pre-existing necessity for a correction...

There is seemingly a lot of froth in the altcoin space too that seems to be better to be purged somewhat... Yeah, bitcoin and shitcoins are not the same thing, but still, there can be dragging effects on bitcoin whether we are talking about traditional macro markets, shitcoins or some combination of those.

Furthermore, we are still quite well on track in terms of  the current dominant BTC price prediction models, including 1) stock to flow, 2) four year fractal and 3) s-curve exponential adoption based on metcalfe/ networking effects.  

I have some difficulties understanding how you can be so doom and gloom, recently.  Who fucking cares about some of this short term BTC price movement.. it is part and parcel of opportunities that are taken to try to push the BTC price as low as possible and for as long as possible... and time is likely to show that such efforts are not going to be successful and honey badger gives less than two shits about such manipulation attempts.

Every period has its attempts to get weak hands to part with their coins, and this seems strongly to be a buying or at minimum a hodling period.. because it is quite likely that our lack of correlation is going to show itself, especially if you zoom out a bit....

Now you're redefining "hedge" as "going down with the rest of the market"?

This i the kind of thing that bums me out the most. The virus is already everywhere so there is no reason not to continue my travel plans, but if everything worth seeing and doing is closed then...

Think of the situation like this lil guy, bob:



Yeah, sure, he might be retarded, but he's not really too worried, either, AmiNOTrite?


For sure, bitcoin remains a hedge.


In theory that sounds like it could work.  I would hesitate to do that to myself, and you might get locked up if you do that to your kids.  Just saying.   

Looking pretty rough out there, with no real bottom in sight.

I am thinking that retesting of $6,425 has become greater than 50/50.. maybe even getting close to 60%... hate to be betting on down, but the trend is your friend, so some times hard to know when the momentum is going to stop.

Surely, I would prefer that our current bottom of $7,560 holds, but will also be quite content if $7k holds.  

Hard to know how much more dumping is going to happen, and maybe currently with ongoing dump there remains some short term correlation with just ongoing panic overall.. and panic that is likely going to seem overblown in retrospect, but seems completely rational while we are going through it.

Go figure?

There are 126,369 confirmed cases worldwide affecting 124 countries with 4,633 deaths.

- Hungary declares state of emergency: closes all universities, bans indoor events for more than 100 people. Bans outdoor events for more than 500 people. Stops flights, trains and buses from Slovenia and Austria.
  Tightens control of the border with Croatia. Requires quarantine for Hungarian citizens returning from Italy, China, South Korea and Iran.

- NBA suspending all games until further notice. NBA player Rudy Gobert tests positive for coronavirus.

- Trump says he will suspend all travel from Europe to the US for 30 days except for the U.K.

- Italy orders that all shops close with the exception of pharmacies and food stores.

- Denmark closes all schools and universities, orders all public sector employees with non-critical jobs to be sent home from Friday.

- El Salvador declares national quarantine, bans the entry of foreigners and closes all schools.

- Actor Tom Hanks says he and his wife have tested positive for coronavirus.

- New York City set to cancel St. Patrick's Day Parade for the first time in over 250 years.

- Ukraine closing schools and banning large gatherings.

- Norway bans indoor events with more than 500 people.

- Poland closes schools, museums and cinemas.

- Merkel warns 60-70% of germans could be infected.

- Indonesia, Greece, Albania, Panama, Belgium, Ireland, Bulgaria, Sweden reporting first deaths.

- WHO declares Covid-19 is a pandemic.

- South Korea reports new outbreak in call center.

- Lebanon closes all restaurants and cafes.

- Gaming event E3 2020 in Los Angeles cancelled.

- First community transmission in Scotland.

- Travel between Malta and Switzerland, Germany, France, Italy and Spain is being banned.

- Coronavirus has disrupted supply chains for nearly 75% of U.S. companies.

- Starting friday, India is banning all foreign tourists, and quarantining anyone who's been to 7 countries worst affected by coronavirus.  

- The Guatemalan health minister Hugo Monroy said the country will ban the entry of European citizens.

- Kuwait bans foreign travellers.

- Two more F1 members (team Haas) tested for coronavirus.

- Stock market will tank even harder.

- Twitter orders all its employees to work from home.

               

He's the kind of guy that we need in a crisis like this.   A guy of action (even if orange).

I just sold all my holdings for a 24 pack of toilet paper. Get in now on the ground floor.

 

Wonder if it's time for inoculations.

In other words find someone with the virus, get a sample, and put it in a cut or something on your body. Body detects invader, body makes antibodies before it gets to your lungs.

You'll be very thankful for that in the next few years.

Genuine concern, Can understand that....
I consider myself lucky as my IQ level is under 70, so i never get in other investment other than Bitcoin and Land/Property.
 

FTFY



 

(ps: nothing personally directed at you, I just had to take a potshot)

This pretty accurate to what I'm thinking. Yes the price of Bitcoin is going down at the moment, but my biggest concern right now is with my other investments. I am starting to get very concerned about counter party risk. Something I don't have to worry about with bitcoin.

Some of that is true, but also these days, you can really use debt to your advantage.

Part of the confusion about this whole system is that money and the time value of money is so cheap that in using the incumbent system, there are ways to use debt to get things that you would not otherwise deserve, and then pay back the debt 5 or 10 years later when the money is worth less.

Part of the problem with poor people is that they cannot even get credit or banks, and maybe that is not as much a problem in the west because there are a lot of people who get debt and use it badly, but some people do not even have those tools available to them and able to profit from having those kinds of debt tools.

maybe, but I am curious about rebounding yield curves. 10 year went from 0.31% on Monday to 0.82% today- a crazy move.
We shall see if it continues. I stand by my prediction (made on Sunday) that Monday would mark the generational low in US [long term] bond yields.

https://bitcointalksearch.org/topic/m.53992050


Maybe, but futures are NOT at the lock down yet.

Is the combined order book working for anybody? damn site is unreliable as hell.

https://data.bitcoinity.org/markets/books/USD

I just bought the dip, Just a little bit, I think that a year or two from now, we'll be looking back at this as a discount. I'm an optimist, next time we're getting to 20k, we're smashing through it like wet toilet paper.

edit: Bought at 7,664