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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2796. (Read 26715624 times)

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3794
Merit: 5474
I agree 11,000 is not a pittance, but considering you got another 76,000 employees with a job is also something that should not be discounted...

I'll just say one more thing about the FB employee base, and leave it alone.

As of the last earnings, Meta had over 87,000 employees (and has never seen a quarterly decline in headcount in its 18-year history).



So nothing bizarre about a company laying off 13%, something they never done since nearly two decade inception, coinciding with it being the only year the Fed took borrowing rates from 0% to 5%?

Yeah, ok.
legendary
Activity: 1526
Merit: 2617
Far, Far, Far Right Thug
My thoughts from a month or so ago I think were right that we are going to see pain when it comes to Bitcoin price.

Torque is right about the Fed's actions; they are literally causing a recession and wanting you personally, to go broke and out of work / out of business.

The same is happening here in the UK. All of a sudden £50 billion is difficult to save when £500 billion was easy to spend on Covid and £500 billion on some banks who were lending money they shouldn't have.

They are blaming inflation for the interest rate rises even though the inflation is only caused by central bank / government actions in the first place:
Lockdowns, free money to sit on your ass, endless money printing and not thinking about the long term consequences, stupid unnecessary sanctions on Russia that don't work, blowing up a gas pipeline. I personally have no more demand than I did 3 years ago - in fact probably trying to do with a bit less if anything, I doubt things are different for anyone else here so inflation caused by demand is simply not true.


Ultimately a lot of companies solely based on debt: the exchanges, fake shitcoins, even Saylor himself have to fall to shake out weak hands and get proper confidence backed growth in BTC do to all the work.


Maybe 5% interest rates are better than 0% when it comes to fiat but to get there / sustain there there will be a tremendous amount of pain. Even for Bitcoin.
Regardless, I don't think we will see the central banks / governments stick to 5%. We will most likely see that rate attained and the massive pain push central bankers / government to pivot again and the whole cycle will continue and happen again in the future.

 Roll Eyes
hero member
Activity: 758
Merit: 1844
The Fed is finally starting to see all those mass layoffs that they have so desperately been trying to cause:

Meta laying off more than 11,000 employees

https://www.cnbc.com/2022/11/09/meta-to-lay-off-more-than-11000-thousand-employees.html

But...bbut...we are not in a recession, amirite?

I don't want to comment on the Fed decisions, but the meta mass layoffs are self-inflicted. Facebook has no future and this meta VR crap looks worse than second life from 20 years ago. They think that they are working on a new internet but nobody wants to wear stupid glasses to read mails or surf the web.

While that all may be true, and I agree with you about the VR crap. However:

If Facebook's ad revenue wasn't completely cratering, their data selling business wasn't cratering, and they were still able to borrow money at cheap Fed rates (0-1%), then they wouldn't be laying off 11,000 employees.

They would be keeping them.

Let's face it, none of these social media companies were actually making money. They were subsidizing their own existence with cheap debt. Just like the majority of companies out there.

Not sure if that is correct. I am fairly certain Facebook are making money. Facebook has over $40B in cash, and according to their balance sheet, has only taken on long term debt last qtr, approx $9.9B, Possibly from their own corporate bond sales... before that, they were basically debt free, not borrowing any money.


Facebook's public facing accounting only lets you see what they want you to see.

Behind the curtain is another story entirely.

All the major corporations are doing it the same way.

Their books look clean and in great shape until the day they don't anymore.

If you had $40B in cash and truly near zero debt, then why would you have to lay off 13% of your company? 11,000 salaried human beings is not a pittance.

I know Corporate America is shady. but you really think they have one set of book for the IRS and another for the family.... don't think their external accountant is Arthur Andersen... I know we can't rely on SEC, but if they did have borrowings in the billions and not listed on their financials reports, who every they borrowed from would be jumping up and down...

I agree 11,000 is not a pittance, but considering you got another 76,000 employees with a job is also something that should not be discounted...

I got $40,000 in the bank, should i wait till it hits $10,000 before i start changing my lifestyle? As you said, facebook's revenue and profit is sliding... but they are still making money...

and yes, this is what the fed wants... mass unemployment... but again, that is another story for another time....
legendary
Activity: 1834
Merit: 4197
$16,323.81

i think that is about the bottom of this range that might be worth defending..
lower and it's time to batten the hatch down and come back in a year or two imho...likely there now really
what a shitshow gents
dyor


 Angry Cry Undecided
legendary
Activity: 4354
Merit: 9201
'The right to privacy matters'
Meta could solve their VR stuff with one simple swoop.

Buy OnlyFans (valued at only 1 billion last year, less than Meta is losing per day) and offer downloadable VR content and each creator with at least 1000 subs free VR recording equipment, with no need for Facebook sign in for any users.
Stick to strict privacy, safe environment, no harmful content, naked / sex no problem.
Look into merging a digital VR world with sex eventually but at the moment stick to video content as that is far more impressive and realistic.

Like I posted above what James Spader said: There is only sex.

Focus part of Facebook dating on VR possibly. There are some possibilities there perhaps.


Definitely do not aim at VR business, it's nonsense at the moment. Solving a problem that doesn't exist.
Perhaps it will eventually be of use but not now or even in the next 3-5 years.



good thoughts right here.
legendary
Activity: 3794
Merit: 5474
The Fed is finally starting to see all those mass layoffs that they have so desperately been trying to cause:

Meta laying off more than 11,000 employees

https://www.cnbc.com/2022/11/09/meta-to-lay-off-more-than-11000-thousand-employees.html

But...bbut...we are not in a recession, amirite?

I don't want to comment on the Fed decisions, but the meta mass layoffs are self-inflicted. Facebook has no future and this meta VR crap looks worse than second life from 20 years ago. They think that they are working on a new internet but nobody wants to wear stupid glasses to read mails or surf the web.

While that all may be true, and I agree with you about the VR crap. However:

If Facebook's ad revenue wasn't completely cratering, their data selling business wasn't cratering, and they were still able to borrow money at cheap Fed rates (0-1%), then they wouldn't be laying off 11,000 employees.

They would be keeping them.

Let's face it, none of these social media companies were actually making money. They were subsidizing their own existence with cheap debt. Just like the majority of companies out there.

Not sure if that is correct. I am fairly certain Facebook are making money. Facebook has over $40B in cash, and according to their balance sheet, has only taken on long term debt last qtr, approx $9.9B, Possibly from their own corporate bond sales... before that, they were basically debt free, not borrowing any money.


Facebook's public facing accounting only lets you see what they want you to see.

Behind the curtain is another story entirely.

All the major corporations are doing it the same way.

Their books look clean and in great shape until the day they don't anymore.

If you had $40B in cash and truly near zero debt, then why would you have to lay off 13% of your company? 11,000 salaried human beings is not a pittance.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1526
Merit: 2617
Far, Far, Far Right Thug
Meta could solve their VR stuff with one simple swoop.

Buy OnlyFans (valued at only 1 billion last year, less than Meta is losing per day) and offer downloadable VR content and each creator with at least 1000 subs free VR recording equipment, with no need for Facebook sign in for any users.
Stick to strict privacy, safe environment, no harmful content, naked / sex no problem.
Look into merging a digital VR world with sex eventually but at the moment stick to video content as that is far more impressive and realistic.

Like I posted above what James Spader said: There is only sex.

Focus part of Facebook dating on VR possibly. There are some possibilities there perhaps.


Definitely do not aim at VR business, it's nonsense at the moment. Solving a problem that doesn't exist.
Perhaps it will eventually be of use but not now or even in the next 3-5 years.

hero member
Activity: 758
Merit: 1844
The Fed is finally starting to see all those mass layoffs that they have so desperately been trying to cause:

Meta laying off more than 11,000 employees

https://www.cnbc.com/2022/11/09/meta-to-lay-off-more-than-11000-thousand-employees.html

But...bbut...we are not in a recession, amirite?

I don't want to comment on the Fed decisions, but the meta mass layoffs are self-inflicted. Facebook has no future and this meta VR crap looks worse than second life from 20 years ago. They think that they are working on a new internet but nobody wants to wear stupid glasses to read mails or surf the web.

While that all may be true, and I agree with you about the VR crap. However:

If Facebook's ad revenue wasn't completely cratering, their data selling business wasn't cratering, and they were still able to borrow money at cheap Fed rates (0-1%), then they wouldn't be laying off 11,000 employees.

They would be keeping them.

Let's face it, none of these social media companies were actually making money. They were subsidizing their own existence with cheap debt. Just like the majority of companies out there.

Not sure if that is correct. I am fairly certain Facebook are making money. Facebook has over $40B in cash, and according to their balance sheet, has only taken on long term debt last qtr, approx $9.9B, Possibly from their own corporate bond sales... before that, they were basically debt free, not borrowing any money.

The problem with all these tech companies, they do not pay any dividends and are not planning on paying any time soon... google/amazon/apple

In regards to META and the VR Crap!.... I am sure people said the same thing about "The Facebook", "why would you want to post what you are doing..." but here we are...

legendary
Activity: 3794
Merit: 5474
The Fed is finally starting to see all those mass layoffs that they have so desperately been trying to cause:

Meta laying off more than 11,000 employees

https://www.cnbc.com/2022/11/09/meta-to-lay-off-more-than-11000-thousand-employees.html

But...bbut...we are not in a recession, amirite?

I don't want to comment on the Fed decisions, but the meta mass layoffs are self-inflicted. Facebook has no future and this meta VR crap looks worse than second life from 20 years ago. They think that they are working on a new internet but nobody wants to wear stupid glasses to read mails or surf the web.

While that all may be true, and I agree with you about the VR crap. However:

If Facebook's ad revenue wasn't completely cratering, their data selling business wasn't cratering, and they were still able to borrow money at cheap Fed rates (0-1%), then they wouldn't be laying off 11,000 employees.

They would be keeping them.

Let's face it, none of these social media companies were actually making money. They were subsidizing their own existence with cheap debt. Just like the majority of companies out there.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1303
Merit: 1681
a Cray can run an endless loop in under 4 hours
The Fed is finally starting to see all those mass layoffs that they have so desperately been trying to cause:

Meta laying off more than 11,000 employees

https://www.cnbc.com/2022/11/09/meta-to-lay-off-more-than-11000-thousand-employees.html

But...bbut...we are not in a recession, amirite?

I don't want to comment on the Fed decisions, but the meta mass layoffs are self-inflicted. Facebook has no future and this meta VR crap looks worse than second life from 20 years ago. They think that they are working on a new internet but nobody wants to wear stupid glasses to read mails or surf the web.
legendary
Activity: 2050
Merit: 1184
Never selling
The Fed is finally starting to see all those mass layoffs that they have so desperately been trying to cause:

Meta laying off more than 11,000 employees

https://www.cnbc.com/2022/11/09/meta-to-lay-off-more-than-11000-thousand-employees.html

But...bbut...we are not in a recession, amirite?

Things are happening alright. More politcians are also starting to target the FED for crashing the economy. They'll cave like they always do soon enough.

https://www.zerohedge.com/markets/fedex-parks-planes-maersk-cancels-sails-world-trade-appears-be-rapidly-deteriorating
legendary
Activity: 3794
Merit: 5474
The Fed is finally starting to see all those mass layoffs that they have so desperately been trying to cause:

Meta laying off more than 11,000 employees

https://www.cnbc.com/2022/11/09/meta-to-lay-off-more-than-11000-thousand-employees.html

But...bbut...we are not in a recession, amirite?
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1526
Merit: 2617
Far, Far, Far Right Thug
Ouch Solana, Dogecoin and all the other shit.

Don't listen to these imbeciles. They know nothing! And promise a load of shit!
Solana literally dipped below the low of its first hype pushed by InvestAnswers 1 1/2 years ago.  Roll Eyes








There is only Bitcoin.


legendary
Activity: 1526
Merit: 2617
Far, Far, Far Right Thug
Got to admit I'm getting a bit sick of these dramas in the "crypto space" and their effect on BTC. FTX may have been wiped out but my concern is Alameda hasn't completely liquidated yet, and then whoever else lent to them and so on. I'm hoping for a bottom and that things have already been cleaned out, but, I will not be surprised if this drama is not over yet.

How anybody could still support anything other than BTC right now is beyond me.

Stockholm syndrome.

No matter how much people get fucked by fiat, big business or by their politicians people still go along with the same old mostly.

You know what that means though. Means we're all fucked. Nothing ever changes I guess.

James Spader said it best in the Office; there is only sex.

https://www.youtube.com/watch?v=qDAh8JhUOl8&ab_channel=TheOffice
legendary
Activity: 2050
Merit: 1184
Never selling
Got to admit I'm getting a bit sick of these dramas in the "crypto space" and their effect on BTC. FTX may have been wiped out but my concern is Alameda hasn't completely liquidated yet, and then whoever else lent to them and so on. I'm hoping for a bottom and that things have already been cleaned out, but, I will not be surprised if this drama is not over yet.

How anybody could still support anything other than BTC right now is beyond me.

Stockholm syndrome.

No matter how much people get fucked by fiat, big business or by their politicians people still go along with the same old mostly.

You know what that means though. Means we're all fucked. Nothing ever changes I guess.
legendary
Activity: 1526
Merit: 2617
Far, Far, Far Right Thug
Got to admit I'm getting a bit sick of these dramas in the "crypto space" and their effect on BTC. FTX may have been wiped out but my concern is Alameda hasn't completely liquidated yet, and then whoever else lent to them and so on. I'm hoping for a bottom and that things have already been cleaned out, but, I will not be surprised if this drama is not over yet.

How anybody could still support anything other than BTC right now is beyond me.

Stockholm syndrome.

No matter how much people get fucked by fiat, big business or by their politicians people still go along with the same old mostly.
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