Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8222. (Read 26710856 times)

Maths is hard.

Hey now

All sensible no doubt. But the one thing everyone fails to understand is that fiat money is just a unit a measurement and the central banks and governments effectively control this unit of measurement. If they want to change the measurement of the S&P to 10,000 points, they can do it, it is within their power. See any country with hyperinflation.

That's why these permabears are only right for short periods of time, they can't grasp the corruption of it all.

The problem with boosting assets though is the real economy, it doesn't care what the unit of measurement is. The real economy only cares about the real value of its components, and the real economy is made up of labor (peasants). Labor owns very few assets so having the S&P at 10,000 does not help them. Capital (rich fucks) on the other hand don't give a shit about the real economy, because they own all the assets, which, thank you central banks is at a very high level. This all equals bigger wealth divide.

So the permabears are right about the real economy, but wrong about the fiat numbers/units of measurements.

Do we live in parallel universes or something?

If you truly believe that corona is anything but a non-issue then the least that you could do is point your fingers where they belong. Namely the WHO and MSM, which kept discounting corona while Trump was acting and Tucker talking about the issue in a serious manner.

By the way, since you didn't seem to quite get it the first time around. You can take serious and appropriate counter-measures to an issue you believe to be irrelevant. It's called being preemptive or cautious. Hedging against the worst case scenario.
Did you sell your house and all your belongings to go long on Bitcoin? No? Then clearly you don't believe in Bitcoin! Who cares about taking appropriate and measured steps!


Either way, now that Trump outplayed Democrats by asking for a quarter of what he ended up getting in funding to combat corona and now that the WHO and MSM are suddenly taking the issue more seriously you somehow start pointing at Trump and Fox?

https://www.youtube.com/watch?v=KBsPh1Rq0Fw
https://www.youtube.com/watch?v=lydWQoqDNp8

We have Trump acting way ahead of everyone else, and Tucker ringing the alarm bells while the rest of the world was still busy playing the SJW game.


As much as I understand that you desperately want Trump out of office, I'm somewhat surprised that you would be so far departed from reality.

Don't count on any previously reliable benchmarks if we hit circuit breakers tomorrow.
SP500 is at -4.9% according to the futures. Hopefully, it would recover by am.

https://finance.yahoo.com/news/rout-u-stock-futures-trigger-221631295.html

Doubt any of us anticipated this but as long as we don't fall below $6400, we will just be setting another higher low.

Just more buying opportunities, Bitcoin is the gift that keeps on giving.

Thailand may be bass ackwards but at least they have the toilet thing figured out.

Lol, I thought neither Biden or Bernie would get to the election, even without the little critter... . I would love to see Tulsi, she appears to be the only one with some sort of a brain. But I am afraid we might rather see Hillary coming like the dark witch... . Btw, if things continue as of present, Donald may also disappear before election day... . That is of course, if there will be an election day!. Now, ok, we all have one thing in common : we 're all screwed by the critter! How unifying that is!

This is not funny anymore.

We're touching ~$8000.

Market bears think otherwise (note the timing BEFORE the correction), but it's just an opinion.
That dude is thinking that we will eventually (within a decade, I assume) will revisit SP500 667.
That would be gruesome.

So far, his thesis (laid down 20 years ago re negative bond yields) looks prescient.
https://www.barrons.com/articles/s-p-500-could-test-2009-low-says-longtime-bear-1522957392
and (more recent)
https://www.barrons.com/articles/perma-bear-albert-edwards-sees-market-ice-age-looming-what-hes-worried-about-now-51581452731


Man, I was so down to spending the next few years just working and, hopefully, getting wealthier via btc investment.
Freaking fourth turning, right?

There is much afoot in the markets this week and it is just the beginning of a rolling crisis I feel now. Defaults are looming, Lebanon was a prominent one. Illinois has been teetering for a decade. Italy has huge non-performing loans problems. The virus crisis will precipitate a collapse of confidence and sense of panic that will bring to the surface many underlying institutional failures and secular trends that have been on the edge of breaking through the rosy propaganda into ugly reality. Others will use the times to make changes, big moves that were being considered for a long time before now. Bank failures, bail-ins, bail-outs, tax cuts, sovereign defaults all happening so quickly you cannot keep up. Central banks may go the helicopter money route to inject some life into economies blindsided by defaulting debts and financial failures. There is no appetite for propping up failed fat cats or making obscenely wealthy even more wealthy by the usual 'monetary  stimulation' tactics and they have become less and less effective at achieving the goal of stimulating the economy. Helicopter money it is, a few grand directly into every tax individual bank account.

Geopolitical moves and alliances may shift quite rapidly. The trade war in oil has blown up already and will get ugly before it is over. USA is now the major oil exporter but needs higher prices for shale to be economic. Russia and Saudi Arabia scrapping and dumping on the markets could lead anywhere from here. Many, many uncertain geopolitical outcomes are going roil the markets for sometime. Quite possibly military actions and wars could flare up. Ultimately the currency markets will need to revisit the broken Bretton Woods system, many of the geopolitical and financial crises of our era have at their root currency crisis. Gold, USD, CHF, BTC, digital fiat are all going to be in play. It's going to get crazy.

Here's a hint, have high levels of fiber in your diet and most often you don't need to wipe at all. Metamucil is a big help here.

Well bitcoin may be down 10%. But oil is down 21% and S&P futures are down 4.5%. I wonder how much longer the central banks will remain silent.

Edit: here come the 7s. whos ready to panic

Pity I missed all the TP/bidet/towel/ass-shit talk, I have a feeling that I would have thrived.

Can we elaborate on disposable baby wipes, now that oil is down please?
I've been using them for years.

Seriously, TP sucks.
Wipe off your ass perfectly clean (so you think) with TP, and then use a baby wipe.
You're welcome.

Basically it beats the shower and the hassle.
Especially if your ass is hairy.

Anyway, back to COV.

OT: Proof that oil markets are rigged and the people are getting screwed?

Crude oil basically falling since Oct 2018, crashing now 30%....

yet gas prices at the pump have barely budged since...well, 2013.  

Remember folks, FoxNews says coronavirus is nothing to worry about. 

Neither Biden or Sanders will be alive in November if they stay on the campaign trail.

Both are in the high risk elderly category and have serious underlying health problems (Sanders heart, Biden bood pressure (heart?)) and being on campaign trail it will be impossible to self-isolate from the SARS2 virus. Meeting with staff, public, pressing hands at fund-raisers they will be maximally exposed to social networks, it's part of the job description.

If I was a betting man I would put some money on the Democratic contender for president will NOT be Sanders or Biden, possibly someone under-60, Tulsi Gabbard? Pete Buttigieg?

I feel deeply, deeply let down.

As soon as the irony stopped that mofo was dust.

teleported himself out of trouble.