Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7899.

Torque

legendary

Activity: 3780

Merit: 5429

Quote from: JimboToronto on March 30, 2020, 12:21:49 PM

Quote from: jojo69 on March 30, 2020, 11:29:41 AM

I don't have the big diesel truck, I don't have the fancy smartphone with the big data plan, I don't have the 50" TV with subs to all the streams.

I do have the emergency fund.

People made their own choices what they were going to use their money for.

The ones who are "out of touch" are the ones that thought they could keep spending at or beyond their means and think that nothing bad would happen.

You forgot the biggie - debt.

Also, job dependency and premature consumerism.

People have been so brainwashed into getting a job, a car loan, a mortgage and a credit card that it's no wonder they have no savings.

Smart people save before spending.

I know two PhD grads in their early 30's that married last year, and have a newborn baby this year.

They have virtually no savings and both have student loan debt up the whazzu. They both have expensive car loans. They just bought a house end of last year that's WAAYYY over their paygrade. (House is ~$400K, they barely put down 10% and they both have to work $70K jobs each just to afford it).

And guess what...the Einstein dad just got laid off.

This is how the "smart" people in America are planning their lives. Roll Eyes

jojo69

legendary

Activity: 3374

Merit: 4738

diamond-handed zealot

Quote from: nutildah on March 30, 2020, 11:48:25 AM

Dismissing 80% of the American population as being frivolous in their spending habits is lazy.

Well, I don't want to come off as lazy, so I will up the ante to 95%.

That should cover the folks buying boats and RVs instead of solar panels and farmland.

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: jojo69 on March 30, 2020, 11:29:41 AM

I don't have the big diesel truck, I don't have the fancy smartphone with the big data plan, I don't have the 50" TV with subs to all the streams.

I do have the emergency fund.

People made their own choices what they were going to use their money for.

The ones who are "out of touch" are the ones that thought they could keep spending at or beyond their means and think that nothing bad would happen.

You forgot the biggie - debt.

Also, job dependency and premature consumerism.

People have been so brainwashed into getting a job, a car loan, a mortgage and a credit card that it's no wonder they have no savings.

Smart people save before spending.

nutildah

legendary

Activity: 3010

Merit: 8114

Quote from: bitserve on March 30, 2020, 12:00:52 PM

So they lived broke all their life, yet they decided they could afford to have kids (which is probably one of the more expensive decisions a person can make)... and you say they are not over-spenders?

Nobody thinks they are going to be poor their entire lives.

This quote comes to mind:

“Socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires.” - Ronald Wright

Poor people have children because they want someone to take care of them when they get old -- doesn't seem like too much to ask.

Having said that, Catholic cultures in large do produce entirely too many offspring. They are afraid some of them are going to die along the way - and they usually do - but they still manage to overcompensate. Must be the whole anti-abortion, no condoms thing.

bitserve

legendary

Activity: 1862

Merit: 1530

Self made HODLER ✓

Quote from: nutildah on March 30, 2020, 11:48:25 AM

Quote from: jojo69 on March 30, 2020, 11:29:41 AM

look

I don't have the big diesel truck, I don't have the fancy smartphone with the big data plan, I don't have the 50" TV with subs to all the streams.

I do have the emergency fund.

People made their own choices what they were going to use their money for.

The ones who are "out of touch" are the ones that thought they could keep spending at or beyond their means and think that nothing bad would happen.

If that category of retards is 80%, so be it.

Certainly some people are in that situation because of spending beyond their means. Most people on the other hand hustle just to cover basic expenses. Living in America ain't cheap.

Some people recently out of work here are already contemplating suicide out of shame for not being able to feed their families. Were they over-spenders? Hell no. They lived broke, and they will die broke. Just like millions of Americans.

Dismissing 80% of the American population as being frivolous in their spending habits is lazy.

So they lived broke all their life, yet they decided they could afford to have kids (which is probably one of the more expensive decisions a person can make)... and you say they are not over-spenders?

lightfoot

legendary

Activity: 3164

Merit: 2258

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

Quote from: jojo69 on March 30, 2020, 10:42:46 AM

Anybody without 6 weeks of emergency fund probably doesn't belong in the gene pool.

I know that sounds fascist, but I didn't choose this world.

Seriously, anyone who has been deemed "non-essential" in this should think very seriously about that, who do you think they are going to choose to keep when the culling comes?

Since companies are people I agree 1000%: Any company without 6 weeks of reserves deserves to close immediately and be bought by people who are smarter.

nutildah

legendary

Activity: 3010

Merit: 8114

Quote from: jojo69 on March 30, 2020, 11:29:41 AM

look

I don't have the big diesel truck, I don't have the fancy smartphone with the big data plan, I don't have the 50" TV with subs to all the streams.

I do have the emergency fund.

People made their own choices what they were going to use their money for.

The ones who are "out of touch" are the ones that thought they could keep spending at or beyond their means and think that nothing bad would happen.

If that category of retards is 80%, so be it.

Certainly some people are in that situation because of spending beyond their means. Most people on the other hand hustle just to cover basic expenses. Living in America ain't cheap.

Some people recently out of work here are already contemplating suicide out of shame for not being able to feed their families. Were they over-spenders? Hell no. They lived broke, and they will die broke. Just like millions of Americans.

Dismissing 80% of the American population as being frivolous in their spending habits is lazy.

bitcoinPsycho

legendary

Activity: 2688

Merit: 2470

$120000 in 2024 Confirmed

Quote from: jojo69 on March 30, 2020, 11:34:12 AM

Quote from: bitcoinPsycho on March 30, 2020, 11:33:25 AM

Dave Ramsey would be proud Grin

well, except for the bitcoin part

Dave don't like him no bitcoin.

I know. It's so sad
https://www.daveramsey.com/blog/quick-guide-to-your-emergency-fund

He also have a dark secret.
"Better than I deserve"

jojo69

legendary

Activity: 3374

Merit: 4738

diamond-handed zealot

Quote from: bitcoinPsycho on March 30, 2020, 11:33:25 AM

Dave Ramsey would be proud Grin

well, except for the bitcoin part

Dave don't like him no bitcoin.

bitcoinPsycho

legendary

Activity: 2688

Merit: 2470

$120000 in 2024 Confirmed

Dave Ramsey would be proud Grin

jojo69

legendary

Activity: 3374

Merit: 4738

diamond-handed zealot

Quote from: nutildah on March 30, 2020, 10:54:30 AM

Quote from: jojo69 on March 30, 2020, 10:42:46 AM

Anybody without 6 weeks of emergency fund probably doesn't belong in the gene pool.

I know that sounds fascist, but I didn't choose this world.

You're talking about at least 80% of all American workers.

You didn't choose this world but you did choose to reveal being extraordinarily out of touch.

Anyway, right, bitcoin, almost forgot.

look

I don't have the big diesel truck, I don't have the fancy smartphone with the big data plan, I don't have the 50" TV with subs to all the streams.

I do have the emergency fund.

People made their own choices what they were going to use their money for.

The ones who are "out of touch" are the ones that thought they could keep spending at or beyond their means and think that nothing bad would happen.

If that category of retards is 80%, so be it.

Toxic2040

legendary

Activity: 1834

Merit: 4197

A quick snapshot of the market this morning with some new short fibs and areas of interest. #dyor

1h

4h

#stronghands

Torque

legendary

Activity: 3780

Merit: 5429

Quote from: nutildah on March 30, 2020, 10:54:30 AM

Quote from: jojo69 on March 30, 2020, 10:42:46 AM

Anybody without 6 weeks of emergency fund probably doesn't belong in the gene pool.

I know that sounds fascist, but I didn't choose this world.

You're talking about at least 80% of all American workers.

You didn't choose this world but you did choose to reveal being extraordinarily out of touch.

Anyway, right, bitcoin, almost forgot.

So I guess Americans who would rather spend their free money (aka credit cards) frivolously on just about everything *except* paying down debt and building up a savings reserve are somehow "smart"?

And before you say that most don't get paid enough to do that, I know guys who make $30K/yr with a family and kids who have successfully done so. Nine times out of ten, it all comes down to one's priorities in life.

What's out of touch is to believe that your government, society, or whatever will promise that you'll have your job tomorrow. A fifth of Americans are about to lose theirs....literally a few weeks from "lowest unemployment in history!", "greatest economy evar!", and "stock market at ATH!"

https://www.cnbc.com/2020/03/30/coronavirus-job-losses-could-total-47-million-unemployment-rate-of-32percent-fed-says.html

Phil_S

legendary

Activity: 2140

Merit: 1628

We choose to go to the moon

...
...
You guys have gardeners?
You guys have gardens?

AlcoHoDL

legendary

Activity: 2590

Merit: 4839

Addicted to HoDLing!

Hey WOs!

Too many pages, too little time... In lurking mode lately.

At work they have asked me to use the 3D printer in my R&D lab to print protection equipment for COVID-19. Having mixed feelings about this. Not quite sure how practical it will be, or whether it's just a "we helped eliminate COVID-19" PR stunt.

Have any of you done any similar thing using a 3D printer? Any suggestions? I've heard good things about this (in combination with a normal mask):

https://www.prusa3d.com/covid19/

sirazimuth

legendary

Activity: 3388

Merit: 3514

born once atheist

oof

nutildah

legendary

Activity: 3010

Merit: 8114

Quote from: jojo69 on March 30, 2020, 10:42:46 AM

Anybody without 6 weeks of emergency fund probably doesn't belong in the gene pool.

I know that sounds fascist, but I didn't choose this world.

You're talking about at least 80% of all American workers.

You didn't choose this world but you did choose to reveal being extraordinarily out of touch.

Anyway, right, bitcoin, almost forgot.

strawbs

legendary

Activity: 874

Merit: 1357

Well that was a nice little spike to $6,500. I fully expect it to be tested again within the next few hours and then breakthrough to higher levels. Based entirely on nothing at all.

jojo69

legendary

Activity: 3374

Merit: 4738

diamond-handed zealot

Quote from: asUHWEceyc on March 30, 2020, 09:33:02 AM

Quote from: nutildah on March 30, 2020, 12:55:09 AM

- People remain at home.
- Those who are carriers can't spread the virus to other people.
- Those who don't have it can't get it.
- In total isolation with 100% follow-through rate, it would only take 14-28 days for the problem to subside completely.
- Seeing as how that is not a viable alternative, I think 60 days of fairly stringent quarantine measures is reasonable. People do have to go out to get food and supplies, and people do have to be present at workplaces to deliver them.
- Everybody else whose employment is deemed non-essential will suffer financially.
- A relatively large amount of people are going to die from inadequate medical care.

This is the best case scenario.

Do you disagree with any of these premises or conclusions?

- Shutting down the US economy for 6+ weeks will destroy a majority of small->medium businesses and raise da unemployment thru da roof

who benefits?

Anybody without 6 weeks of emergency fund probably doesn't belong in the gene pool.

I know that sounds fascist, but I didn't choose this world.

Seriously, anyone who has been deemed "non-essential" in this should think very seriously about that, who do you think they are going to choose to keep when the culling comes?

sirazimuth

legendary

Activity: 3388

Merit: 3514

born once atheist

Quote from: OutOfMemory on March 29, 2020, 07:28:44 PM

And there's a valid point to Ibian's opinion: A knife is as deadly as a bullet, but it's lighter, quicker and without any need to aim or reload.
Don't even try to start a discussion over that with me. As soon as you might read this, you're already on my ignore.

https://www.youtube.com/watch?v=4DzcOCyHDqc

Quote from: Ibian on March 30, 2020, 09:14:45 AM

I fucking hate gardening......

I would have never guessed.....

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7899. (Read 26609195 times)