The money printing doesn't matter. It's the confidence in the currency and the country that backs it that matters.
Yep, exactly.
Also, lack of confidence in the alternatives.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8090. (Read 26713542 times)
March 18, 2020, 10:02:34 AM
Yep, exactly.
Also, lack of confidence in the alternatives.
March 18, 2020, 09:52:53 AM
OT: Yeah sure, let's bailout the airlines again... ugh 
Where is the public outrage??
https://www.bloomberg.com/news/articles/2020-03-16/u-s-airlines-spent-96-of-free-cash-flow-on-buybacks-chart
Where is the public outrage??
https://www.bloomberg.com/news/articles/2020-03-16/u-s-airlines-spent-96-of-free-cash-flow-on-buybacks-chart
March 18, 2020, 09:45:52 AM
Right. The UK supplies "services" which right now isn't worth a warm bucket of spit. Worse since they decided to "go it alone" a few months back.
Reality exists.
Reality exists.
March 18, 2020, 09:41:45 AM
Fish and Chips
Warm Beer
Cricket
That's about it.
Warm Beer
Cricket
That's about it.
The UK is the world's 10th biggest exporter and ranks similarly for manufacturing. However a lot of the exports are services and they're likely to get ravaged by the B word, if or when that ever happens that is.
There's now talk of universal basic income. This means that very soon we will be a leading exporter of poorly made tractors, sour cabbage and Victory Gin.
March 18, 2020, 09:41:14 AM
A BTC-pump would be so nice to witness in these times 
March 18, 2020, 09:33:16 AM
Unrelated but wtf did the SpaceX booster pass on its way back to earth after the launch today? Alien ship?
http://anilyzer.com/?page_id=7&vId=I4sMhHbHYXM&type=youtube#playbackRate=0.25&seekTo=1291
A random piece of debris. Space is cluttered. http://anilyzer.com/?page_id=7&vId=I4sMhHbHYXM&type=youtube#playbackRate=0.25&seekTo=1291
March 18, 2020, 09:31:00 AM
You're also in lockdown if your not in Belgian 
My escape routes are quickly closing in around me 
I hope you didn't spend more than 30 minutes in a shop, this is now forbidden. I read sometabloid toilet paper based newspaper claiming that the reason we are on lockdown is because some of us were naughty and didn't respect the previous restrictions, instead attending "lockdown parties"
My escape routes are quickly closing in around me I hope you didn't spend more than 30 minutes in a shop, this is now forbidden. I read some
Weird that we don't hear the Fundies screaming that this is a pox from God upon the evil. Maybe because they're the ones who will be hardest hit.
Go figure.
Of course, this comes after we destroy China. China delenda est.
March 18, 2020, 09:28:08 AM
Unrelated but wtf did the SpaceX booster pass on its way back to earth after the launch today? Alien ship?
http://anilyzer.com/?page_id=7&vId=I4sMhHbHYXM&type=youtube#playbackRate=0.25&seekTo=1291
http://anilyzer.com/?page_id=7&vId=I4sMhHbHYXM&type=youtube#playbackRate=0.25&seekTo=1291
March 18, 2020, 09:23:58 AM
You're also in lockdown if your not in Belgian My escape routes are quickly closing in around me
I hope you didn't spend more than 30 minutes in a shop, this is now forbidden. I read sometabloid toilet paper based newspaper claiming that the reason we are on lockdown is because some of us were naughty and didn't respect the previous restrictions, instead attending "lockdown parties"
My escape routes are quickly closing in around me I hope you didn't spend more than 30 minutes in a shop, this is now forbidden. I read some
Weird that we don't hear the Fundies screaming that this is a pox from God upon the evil. Maybe because they're the ones who will be hardest hit.
Go figure.
March 18, 2020, 09:20:57 AM
Cable going down is good for UK exports.
They export a lot of things, like....
like...
Fish and ChipsThey export a lot of things, like....
like...
Warm Beer
Cricket
That's about it.
March 18, 2020, 09:13:23 AM
... pity about lambie slayer going into a full retard panic about the sclerotic 0.1%er global economy going into the shitter. He was ok until he caught the virus. Now it's like we got infested with another govvie trolling shill disruptor ... like roach got reassigned or something? The global economy was dying long before this angel of death bearing plague showed up, right on time for them sweet corporate and banking bailouts too I might add.
Yup, all fiat currencies are meant to go to zero. Just research the history of fiat currencies. They all ended the same way. The current system was destined to die. We are just lucky to witness it happen before our eyes. Hopefully we can see it happen without dying from corona
I gotta say, living in Europe and in a first world country, I am glad I live here and not somewhere else. The government protects businesses and helps my employer with paying for my salary. I know if I lived in a different country I would be out on the streets already.
March 18, 2020, 09:02:54 AM
The more I look at the charts ... 6, 3, 6, 9, 12, 9, 6, 3, ... the more I consider this dip, as an epic bear trap.
Careful of the bull virus guys, aka BOV21.
Deepthroat edition:
Careful of the bull virus guys, aka BOV21.
Deepthroat edition:
This picture represents someone that went 100x leveraged long on bitcoin just before the dip
Goldkingcoiner?
Mindrust? (exaggerating on this one)
I had to get out of my position to save myself from obvious liquidation. I lost half my coins. I was at 2x dude. ;/ Ah well. I will make it back on the way up. But that dump bail had nothing to do with my TA. I just underestimated the corona scare.
I was merely attempting to play (or pray) upon your 80x situation, and sure I had already seen posts from you asserting that you had NOT done well in that 3/12 (thursday) dip.
Hopefully, it all works out for you in terms of playing the volatility to an appropriate degree that allows you to build principle without taking too many risks.
I don't know how d_eddie is playing during these times, but he seemed to have had a very prudent system in which he was constantly taking winnings off of the table, and surely my system is way the hell slower in terms of accumulating BTC because I only play longs (opening and closing longs) and I do not use leverage (except, perhaps, for floating around some free credit card balances from time to time to increase my cashflow).. in part because I am too chicken shit to lose any coins.
Well we can't have the whales thinking they beat us. Thanks for the good luck wishes. You win some you lose some I guess.
March 18, 2020, 08:56:50 AM
We Belges are on lockdown, I did some shopping like the rest of the horde, only her is one very big shop not for everyone, lucky I own a card, full with everything and very quiet inside ...
Man I bought an whole wine department I think
When resto is forbidden, then the dude will still find he's way to a good bottle of RED-WHITE or ROSÉ
Man I bought an whole wine department I think
When resto is forbidden, then the dude will still find he's way to a good bottle of RED-WHITE or ROSÉ
You're also in lockdown if your not in Belgian
My escape routes are quickly closing in around me I hope you didn't spend more than 30 minutes in a shop, this is now forbidden. I read some
Quote from: The Sun
Belgium closed all its bars, schools and restaurants just last week but during the weekend there were issues with people disobeying the measurements by having lockdown parties.
Police were called in the early hours of Friday night to break up the parties that have been happening over the weekend.
Police were called in the early hours of Friday night to break up the parties that have been happening over the weekend.
March 18, 2020, 08:54:57 AM
UK Prime Minister, Boris Johnson is advising us to work from home if we can & only make essential journeys.
Me:
Me:
March 18, 2020, 08:50:11 AM
We Belges are on lockdown, I did some shopping like the rest of the horde, only her is one very big shop not for everyone, lucky I own a card, full with everything and very quiet inside ...
Man I bought an whole wine department I think
When resto is forbidden, then the dude will still find he's way to a good bottle of RED-WHITE or ROSÉ
Man I bought an whole wine department I think
When resto is forbidden, then the dude will still find he's way to a good bottle of RED-WHITE or ROSÉ
March 18, 2020, 08:48:39 AM
...
Hey Searing - I gotta question...
For me, every one of your posts has bizarre carriage returns or line feeds or something. Do you use lynx or some other pre-GUI tool to browse the WO?
Just wonderin'...
Naw...just being 'different'
I suppose I 'should' 'squish' them all back together and such when done though....(looks fine at my end..go figure)
March 18, 2020, 08:47:51 AM
I've got an idea. Why don't we quarantine all the old and wise.
Then the young and stupid can infect each other. Great way to fight the idiocracy.
Sadly there are not many people who are both old and wise. Most old people would die under your plan. Then the young and stupid can infect each other. Great way to fight the idiocracy.
March 18, 2020, 08:45:45 AM
the Pound is tanking.
GBP/USD ATL from 2016 is broken.
GBP/USD ATL from 2016 is broken.
Pretty much all currencies are going down against the dollar. Weird how that works, isn't it.
RUB down 5%.
Chinese yuan is one of the best performing at -0.25% to USD...
Yet the U.S. are the ones doing the money printing... My only guess is other countries are printing even more?
Weird AF, even if this is exactly what happened in 2008/09.
The money printing doesn't matter. It's the confidence in the currency and the country that backs it that matters. The entire global economy is about to be destroyed, but the US and China will come out on top.
March 18, 2020, 08:44:18 AM
Good morning Bitcoinland.
Still over $5k... currently $5271USD/$7540CAD (Bitcoinaverage).
Stock markets still plummeting. Bitcoin holding its own.
Go Bitcoin go.
What? How about 2 thumbs on a cellphone? Isn't that "social"?
Still over $5k... currently $5271USD/$7540CAD (Bitcoinaverage).
Stock markets still plummeting. Bitcoin holding its own.
Go Bitcoin go.
Anybody notice how it is now considered healthy to be isolated from other human beings?
What? How about 2 thumbs on a cellphone? Isn't that "social"?
March 18, 2020, 07:48:52 AM
the Pound is tanking.
GBP/USD ATL from 2016 is broken.
GBP/USD ATL from 2016 is broken.
Pretty much all currencies are going down against the dollar. Weird how that works, isn't it.
RUB down 5%.
Chinese yuan is one of the best performing at -0.25% to USD...
Yet the U.S. are the ones doing the money printing... My only guess is other countries are printing even more?
Weird AF, even if this is exactly what happened in 2008/09.
It has little to do with printing and more to do with confidence. No fiat is really backed by anything so it all comes down to confidence. Since most currencies are at least partially "backed" by the USD, it gains value through confidence in times of crisis regardless of how much the Fed prints as long as it seems generally within reason (to bankers, not the general public).
In reality, the whole world subsidizes the actions of the fed because everything is based on/backed by the USD and the fed's actions create liquidity that helps every country maintain their own house of cards.
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