Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8194. (Read 26710890 times)

legendary
Activity: 1652
Merit: 1265
A 5-digit BTC not asking for more .... in the short term  Roll Eyes


We will never see a five digit bitcoin again (trying to jinx it Cheesy)

we will never see 6 digit Bitcoin Wink
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
A 5-digit BTC not asking for more .... in the short term  Roll Eyes


We will never see a five digit bitcoin again (trying to jinx it Cheesy)
legendary
Activity: 3276
Merit: 2442

blah blah blah.. no excuses. BTC was designed to shine in a moment like this. And we are failing.

As a HODLer i'll keep my faith, while singing...

I'm taking a ride
With my best friend
I hope he never lets me down again

go Honey Badger, go!!

BTC is designed so shine against inflation and non-functioning banking system tbh.

It is not a hedge against pandemics.

Negative rates, QE, banks going down; bitcoin goes up.

Every other negative scenario takes bitcoin down too
legendary
Activity: 3620
Merit: 4813
Spain reports 372 new cases and 11 new deaths, raising total to 2,067 cases and 47 dead.

The weather in Spain is nice 20°C - 30°C...
legendary
Activity: 1722
Merit: 2213
Leaving this here for reference sake... everything is fine, on schedule for the halving whether this is the bottom, or we go a little lower...



Source: https://twitter.com/ChartsBtc/status/1237480799445733376

My outlook is that this pre-3rd halving price action looks more like the 2nd halving than the first, but make of it what you will.
legendary
Activity: 3010
Merit: 8114
BTC was designed to shine in a moment like this.

It was designed to be a peer-to-peer version of electronic cash, not a "store of value" or something people buy and hope goes up in value so they can sell it at a higher price. The only thing we know for sure is that if bitcoin loses value, it won't be due to its own inflation.
legendary
Activity: 2604
Merit: 3056
Welt Am Draht
blah blah blah.. no excuses. BTC was designed to shine in a moment like this. And we are failing.

It don't matter what it was designed to do. What matters is how it's treated and perceived by its present owners. Most of them treat as the frilliest end of their betting slip.
hero member
Activity: 968
Merit: 624
Still a manic miner
Galaxy Digital CEO Mike Novogratz has attempted to explain what exactly happened to Bitcoin's safe haven status. In his new tweet, he writes that investors tend to 'take leverage down' and book profits during such black swan events.

via Imgflip Meme Generator

Not a hedge asset

From the U.S. stock market suffering from its quickest correction since the Great Depression to oil prices plummeting 16 percent — this week will surely go down in history.

When global markets got gripped by a ruthless sell-off, Bitcoin failed to serve as a store of value, which many believe should be its main use case. In fact, BTC performed worse than any traditional asset, shedding 15 percent of its value in less than a week. At press time, it is just trading just below its key support level of $8,500.

Bonds, not Bitcoin

While gold bugs were quick to dismiss Bitcoin's as a hedge against economic uncertainty, Novogtatz's claim about investors booking profit definitely holds water.

One of the biggest surprises of this tumultuous week was the gold price recording a five percent drop on Friday. The yellow metal is considered to be the most robust store of value.

Just like during the 2008 crisis, investors started liquidating both stocks and gold for covering their margin calls. Bonds and cash turned out to be the real safe haven.  
https://u.today/mike-novogratz-explains-why-bitcoin-btc-is-failing-as-safe-haven

During his recent interview with TD Ameritrade Network, Ari Paul, the CTO of BlockTowerCapital, agreed with Galaxy Digital CEO Mike Novogratz that more money printing initiated by central banks around the globe could be the most bullish case for Bitcoin (BTC).

Is #bitcoin’s store of value use-case broken after its big break from bonds and gold? $btc@AriDavidPaul weighs in:

However, he predicts that Bitcoin could mirror gold in 2008 with a delayed reaction to the looming economic crash.

More aggressive rate cuts

As reported by U.Today, the U.S. Federal Reserve did a 50 bps emergency rate cut on March 3 to cushion the devastating blow from the coronavirus pandemic. However, it provided only a temporal relief for the equities market that had its worst day since the previous recession on March 9.

Now that President Donald Trump calls the Fed 'pathetic' and pressures it to cut rates in a more aggressive manner, things could get really bullish for Bitcoin as Novogratz predicted earlier.

"I totally agree with Novogratz that the strongest bull case for Bitcoin is what we are seeing right now, which is the entire U.S. Treasury curve below one percent," Paul said.  

https://u.today/mike-novogratz-thinks-its-strongest-bull-case-for-bitcoin-btc-ari-paul-agrees

blah blah blah.. no excuses. BTC was designed to shine in a moment like this. And we are failing.

As a HODLer i'll keep my faith, while singing...

I'm taking a ride
With my best friend
I hope he never lets me down again

go Honey Badger, go!!
legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)
I'm sometimes really starting to dislike human behavior overall  Undecided

There are a huge variety of humans, from smart, nice and common sense ones to blatant idiots. You know that. Don't let the scourges affect your overall feelings, you are better than that.

Naaah I know many are the better ones, but 1 idiot fool on a 100 is already much... But my overall feeling are quiet Ok, I just hate reading the worst of them.... Daily proportion of reading are filled with them negative ones, of-course then again that the news and where the most reading is based up on.  Roll Eyes

Wrong way to look at it.
If you swim in a sea of fools, you have to enlighten youself that there are some islands populated with nice, intelligent people. This should be your reference, or you might drown in masses of idiots. Don't get frustrated by the things you can't change. Change your view/approach  Wink

EDIT: I had to combat this too. Once you don't belong to the idiots any more, you start to recognize how many they are.
The problem is that one idiot can ruin life for hundreds or thousands of people. And they outnumber us. Vastly.

Returning once again to our wonderful mouse utopia, modern research has been done on them. As we remember, the population first increases rapidly, then a bit slower before eventually leveling out. And then reversing until every single mices was dead.

Turns out that what happens is that at a certain population density, some of the mice get sick. Their primary sense is smell, and these sick mice make the others around them sick because their piss smells different. This triggers something in healthy mice that then make them sick, who go on to make even more healthy mice sick until they are all, to a tail, dysgenic specimens.

People like our spit-smearer is the human version of a sick mouse. If we simply allow them to go free, they will make the people around them sick. And so on.

We need to cleanse these people from the population. But we won't. And so a collapse is inevitable.

Totally makes sense. But we (the few) can't change that. So it's better to look at the positive aspects of our personal human life, or we make this life our personal hell.
Just retreat, little by little, from the masses. Surround yourself by "healthy" people.

Most important:
And keep away from others piss  Grin
Yeah, one little detail. The human version of a collapsing population at the tail end is communism. And commies kill people like us. We would all have been dead if we lived in soviet russia. And it's coming to the west now. There is no safe way out other than leaving and never coming back.

Imo, communism (or something like it) could work, but not as long as there is an economy.
Mankind made a big mistake when inventing "money". We can't turn it back, the experiment failed.
The hippie idea wasn't that bad, but they fucked it up, for various reasons. We have to go with what is left, or go away, i agree.
legendary
Activity: 2268
Merit: 1278
I'm sometimes really starting to dislike human behavior overall  Undecided

There are a huge variety of humans, from smart, nice and common sense ones to blatant idiots. You know that. Don't let the scourges affect your overall feelings, you are better than that.

Naaah I know many are the better ones, but 1 idiot fool on a 100 is already much... But my overall feeling are quiet Ok, I just hate reading the worst of them.... Daily proportion of reading are filled with them negative ones, of-course then again that the news and where the most reading is based up on.  Roll Eyes

Wrong way to look at it.
If you swim in a sea of fools, you have to enlighten youself that there are some islands populated with nice, intelligent people. This should be your reference, or you might drown in masses of idiots. Don't get frustrated by the things you can't change. Change your view/approach  Wink

EDIT: I had to combat this too. Once you don't belong to the idiots any more, you start to recognize how many they are.
The problem is that one idiot can ruin life for hundreds or thousands of people. And they outnumber us. Vastly.

Returning once again to our wonderful mouse utopia, modern research has been done on them. As we remember, the population first increases rapidly, then a bit slower before eventually leveling out. And then reversing until every single mices was dead.

Turns out that what happens is that at a certain population density, some of the mice get sick. Their primary sense is smell, and these sick mice make the others around them sick because their piss smells different. This triggers something in healthy mice that then make them sick, who go on to make even more healthy mice sick until they are all, to a tail, dysgenic specimens.

People like our spit-smearer is the human version of a sick mouse. If we simply allow them to go free, they will make the people around them sick. And so on.

We need to cleanse these people from the population. But we won't. And so a collapse is inevitable.

Totally makes sense. But we (the few) can't change that. So it's better to look at the positive aspects of our personal human life, or we make this life our personal hell.
Just retreat, little by little, from the masses. Surround yourself by "healthy" people.

Most important:
And keep away from others piss  Grin
Yeah, one little detail. The human version of a collapsing population at the tail end is communism. And commies kill people like us. We would all have been dead if we lived in soviet russia. And it's coming to the west now. There is no safe way out other than leaving and never coming back.
hero member
Activity: 1204
Merit: 755
Homo Sapiens Bitcoinerthalensis
What do you think? Sacrifice him to the gods or burn him as a witch?

Both, sacrifice him to the Gods, and burn him on the spot.

I think I prefer Batty's ropes and ovens. Roll Eyes
legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)
I'm sometimes really starting to dislike human behavior overall  Undecided

There are a huge variety of humans, from smart, nice and common sense ones to blatant idiots. You know that. Don't let the scourges affect your overall feelings, you are better than that.

Naaah I know many are the better ones, but 1 idiot fool on a 100 is already much... But my overall feeling are quiet Ok, I just hate reading the worst of them.... Daily proportion of reading are filled with them negative ones, of-course then again that the news and where the most reading is based up on.  Roll Eyes

Wrong way to look at it.
If you swim in a sea of fools, you have to enlighten youself that there are some islands populated with nice, intelligent people. This should be your reference, or you might drown in masses of idiots. Don't get frustrated by the things you can't change. Change your view/approach  Wink

EDIT: I had to combat this too. Once you don't belong to the idiots any more, you start to recognize how many they are.
The problem is that one idiot can ruin life for hundreds or thousands of people. And they outnumber us. Vastly.

Returning once again to our wonderful mouse utopia, modern research has been done on them. As we remember, the population first increases rapidly, then a bit slower before eventually leveling out. And then reversing until every single mices was dead.

Turns out that what happens is that at a certain population density, some of the mice get sick. Their primary sense is smell, and these sick mice make the others around them sick because their piss smells different. This triggers something in healthy mice that then make them sick, who go on to make even more healthy mice sick until they are all, to a tail, dysgenic specimens.

People like our spit-smearer is the human version of a sick mouse. If we simply allow them to go free, they will make the people around them sick. And so on.

We need to cleanse these people from the population. But we won't. And so a collapse is inevitable.

Totally makes sense. But we (the few) can't change that. So it's better to look at the positive aspects of our personal human life, or we make this life our personal hell.
Just retreat, little by little, from the masses. Surround yourself by "healthy" people.

Most important:
And keep away from others piss  Grin
legendary
Activity: 2268
Merit: 1278
I'm sometimes really starting to dislike human behavior overall  Undecided

There are a huge variety of humans, from smart, nice and common sense ones to blatant idiots. You know that. Don't let the scourges affect your overall feelings, you are better than that.

Naaah I know many are the better ones, but 1 idiot fool on a 100 is already much... But my overall feeling are quiet Ok, I just hate reading the worst of them.... Daily proportion of reading are filled with them negative ones, of-course then again that the news and where the most reading is based up on.  Roll Eyes

Wrong way to look at it.
If you swim in a sea of fools, you have to enlighten youself that there are some islands populated with nice, intelligent people. This should be your reference, or you might drown in masses of idiots. Don't get frustrated by the things you can't change. Change your view/approach  Wink

EDIT: I had to combat this too. Once you don't belong to the idiots any more, you start to recognize how many they are.
The problem is that one idiot can ruin life for hundreds or thousands of people. And they outnumber us. Vastly.

Returning once again to our wonderful mouse utopia, modern research has been done on them. As we remember, the population first increases rapidly, then a bit slower before eventually leveling out. And then reversing until every single mices was dead.

Turns out that what happens is that at a certain population density, some of the mice get sick. Their primary sense is smell, and these sick mice make the others around them sick because their piss smells different. This triggers something in healthy mice that then make them sick, who go on to make even more healthy mice sick until they are all, to a tail, dysgenic specimens.

People like our spit-smearer is the human version of a sick mouse. If we simply allow them to go free, they will make the people around them sick. And so on.

We need to cleanse these people from the population. But we won't. And so a collapse is inevitable.
legendary
Activity: 1235
Merit: 1202
via Imgflip Meme Generator

The world is truly filled with people that doesn't belong to be among others.... I'm sometimes really starting to dislike human behavior overall  Undecided

Positive this isn't a BTC enthousiast or community member Roll Eyes

If there's one thing I've learnt over the years is to not underestimate just how shit people can be
legendary
Activity: 3276
Merit: 2442
something was very, very wrong with the world.

It is "we" that is very wrong with the world.

We are just like viruses to this planet.

Eating away our host till its dead. We reproduce just like a virus. We consume everything till there is nothing left. Our time is coming to an end just like Dinosaurs.

The new age belongs to AI and Bitcoin and...



Coronavirus, Covid19.
legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)
Quote
You:  I don’t like the idea that I’m not in control of my life.

Satoshi: I know exactly what you mean! ...Let me tell you why you’re here - you're here because you know something. What you know, you can’t explain - but you feel it. You felt it your entire life. There’s something’s wrong with the world. You don’t know what, but it’s there. Like a splinter in your mind, driving you mad. It is this feeling that has brought you to me. ...Do you know what I’m talking about?

You: That gigantic systematic redistribution at the expense of self-determined life?

Satoshi: I'm done!
As big as that is, it's still just a symptom.

I remember the moment where I knew, with terrible certainty, that something was very, very wrong with the world. It took many years before I understood it, much less was able to attempt to explain it. But it's there. It's a very, very real thing.

It's within the brain. If we don't use it consciously, it starts to produce random output (like constantly background-dreaming), but our minds are not yet developed so far that we can recognize this as virtual, so we consider it as real. Our minds are constantly talking to us, and most of the time it's pretty dumb/bad shit. It's pre-warming for what it's needed, but if we distract ourselves by media, entertainment and so on, we don't use it. So it starts using us....
legendary
Activity: 2744
Merit: 13618
BTC + Crossfit, living life.
legendary
Activity: 3010
Merit: 8114
I remember the moment where I knew, with terrible certainty, that something was very, very wrong with the world. It took many years before I understood it, much less was able to attempt to explain it. But it's there. It's a very, very real thing.

https://www.youtube.com/watch?v=80g-M1rPX5M
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
Galaxy Digital CEO Mike Novogratz has attempted to explain what exactly happened to Bitcoin's safe haven status. In his new tweet, he writes that investors tend to 'take leverage down' and book profits during such black swan events.

via Imgflip Meme Generator

Not a hedge asset

From the U.S. stock market suffering from its quickest correction since the Great Depression to oil prices plummeting 16 percent — this week will surely go down in history.

When global markets got gripped by a ruthless sell-off, Bitcoin failed to serve as a store of value, which many believe should be its main use case. In fact, BTC performed worse than any traditional asset, shedding 15 percent of its value in less than a week. At press time, it is just trading just below its key support level of $8,500.

Bonds, not Bitcoin

While gold bugs were quick to dismiss Bitcoin's as a hedge against economic uncertainty, Novogtatz's claim about investors booking profit definitely holds water.

One of the biggest surprises of this tumultuous week was the gold price recording a five percent drop on Friday. The yellow metal is considered to be the most robust store of value.

Just like during the 2008 crisis, investors started liquidating both stocks and gold for covering their margin calls. Bonds and cash turned out to be the real safe haven.  
https://u.today/mike-novogratz-explains-why-bitcoin-btc-is-failing-as-safe-haven

During his recent interview with TD Ameritrade Network, Ari Paul, the CTO of BlockTowerCapital, agreed with Galaxy Digital CEO Mike Novogratz that more money printing initiated by central banks around the globe could be the most bullish case for Bitcoin (BTC).

Is #bitcoin’s store of value use-case broken after its big break from bonds and gold? $btc@AriDavidPaul weighs in:

However, he predicts that Bitcoin could mirror gold in 2008 with a delayed reaction to the looming economic crash.

More aggressive rate cuts

As reported by U.Today, the U.S. Federal Reserve did a 50 bps emergency rate cut on March 3 to cushion the devastating blow from the coronavirus pandemic. However, it provided only a temporal relief for the equities market that had its worst day since the previous recession on March 9.

Now that President Donald Trump calls the Fed 'pathetic' and pressures it to cut rates in a more aggressive manner, things could get really bullish for Bitcoin as Novogratz predicted earlier.

"I totally agree with Novogratz that the strongest bull case for Bitcoin is what we are seeing right now, which is the entire U.S. Treasury curve below one percent," Paul said.  

https://u.today/mike-novogratz-thinks-its-strongest-bull-case-for-bitcoin-btc-ari-paul-agrees

The BTDude deserves credit for that find. He is a soldier for BTCitcoin. Please honor him.

#nohomo
legendary
Activity: 2268
Merit: 1278
via Imgflip Meme Generator

The world is truly filled with people that doesn't belong to be among others.... I'm sometimes really starting to dislike human behavior overall  Undecided

Positive this isn't a BTC enthousiast or community member Roll Eyes
What do you think? Sacrifice him to the gods or burn him as a witch?
Jump to: