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321  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 09, 2020, 08:51:43 PM
Seems a bit early to go full retard but...
https://news.yahoo.com/david-zervos-the-federal-reserves-next-move-202017221.html
Quote
Like a growing number of market participants, Zervos believes the Fed is about to be “running very low on rate cut ammo.” The “next obvious step in the Fed’s playbook” will be quantitative easing, he said.

“I don’t think any of these things hurt. The cost of doing a rate cut, the cost of reigniting QE, the cost of doing what you are talking about — the funding facilities — is that we over-stoke the economy and create some unwanted inflation pressures. That’s the cost of a monetary easing,” Zervos added.
322  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 09, 2020, 04:51:19 PM
That was my only foray into tarding instead of hodling.

Haha, first time I've seen that. Perfect!
323  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 09, 2020, 05:57:16 AM
https://www.msn.com/en-us/money/markets/over-dollar21-billion-wiped-off-cryptocurrency-market-in-24-hours-after-massive-oil-price-plunge
Quote
"For those who have long term investment horizons, bitcoin is absolutely a buy during these dips," Jehan Chu, co-founder of Kenetic Capital, an investor in blockchain start-ups told CNBC. "We can expect more of this volatility sparked by macro health and financial shocks, but ultimately long term investments in the digital future and it's key asset Bitcoin will be a winning strategy"
324  Economy / Economics / Re: Anyone here part of "1 million club"? on: March 08, 2020, 09:40:36 PM
4 years later, I wonder what people's thoughts on this are. I wonder if the original posters held onto and increased their holdings. Since this goal is not doable for most people at current prices I wonder what is considered a reasonable goal for people, still the 1 btc starting benchmark or more?
325  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2020, 07:13:25 PM
Keep panicking, I'm happy to keep accumulating. Rome wasn't built in a day, nor did it collapse in a day either.
326  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2020, 04:28:12 PM
My worth is falling; someone save it!

Since my divorce my self worth has nowhere to go but up.
327  Economy / Speculation / Re: Halving, who's closest with actual Nrs TAKE A CHANCE on the LIST !!! on: March 06, 2020, 06:10:51 PM
... wouldn't the whalecumulators, market-makers, and other price-setting-entities already have acted on it, and priced the halving in?

Only if they've accurately calculated the risk. PlanB has a recent article that gives a good explanation but basically investors will determine a price based on risk, if many over estimate the risk then the price will be lower than efficient market hypothesis dictates. With the uncertainty from the mainstream around many crypto issues from hacking to competing coins to unknown regulation it can easily be seen how the risk calculation for bitcoin might be overestimated.

https://medium.com/@100trillionUSD/efficient-market-hypothesis-and-bitcoin-stock-to-flow-model-db17f40e6107

Quote
Key insight is that returns can be explained by risk alone, consistent with EMH. If you encounter an asset above the line, a first reaction could be that it is a great investment opportunity. A better reaction (from an EMH and non arbitrage point of view) would be that it is too good to be true. We are probably missing risks (or have miscalculated risk) and should try to bring the asset back on the line. Quantifying risk (volatility) is difficult, and indeed the expertise of quants of financial institutions.

328  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 06, 2020, 02:15:08 PM
Looks like the banks are starting to progress through Kubler-Ross, I believe we are at "anger", soon will follow "bargaining" and eventually "acceptance".
https://cointelegraph.com/news/reserve-bank-of-india-to-appeal-supreme-courts-crypto-decision
Quote
“The Supreme Court may look at the RBI’s review petition but as of now the cryptocurrency platforms can operate in India. Many companies have even gone bankrupt after the RBI’s diktat and they may also look to initiate action in this regard.”
329  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 06, 2020, 02:31:20 AM
We were all just half-joking about this yesterday or the day before, apparently a real concern...
https://news.yahoo.com/cash-could-spreading-coronavirus-warns-154003480.html
Quote
"We know that money changes hands frequently and can pick up all sorts of bacteria and viruses and things like that," a WHO representative told The Telegraph. "We would advise people to wash their hands after handling banknotes and avoid touching their face."
330  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2020, 05:35:23 PM
Oh great, they're cancelling orgies?

This is going to suck.

Or not as the case may be.
331  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2020, 04:20:21 PM
Quote
Paper fiat may face its death.
Bad. Say goodbye to anonymity. Ok, so this virus isn't 100% good news.

https://cointelegraph.com/news/from-taxes-to-transparency-the-irs-gets-schooled-on-crypto
Quote
Spiro continued to advance the transparency of the blockchain as an advantage to regulators: “You’re going to see that transaction lifecycle. [...] As an investigator, you have a wallet address.”

An audience member who had believed that Bitcoin’s charm lay in its anonymity asked: “So that’s a myth?” Spiro affirmed, “That is a myth.”
332  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2020, 04:07:55 PM
Paper fiat may face its death.

Can you imagine a gov't telling all it's citizens to stop using cash because of potential virus transfer, and instead use only crypto? Of course it would be a CBDC they'd direct everyone to use but still.
333  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2020, 03:57:01 PM
Current population of the US is 320 million. If 50% of the people get this in some way and the death count is 2% of all cases, then we're looking at about 3.2 million dead people. Let's see what it looks like in a year or so.

That's roughly the population size of Los Angeles. Or Houston + San Francisco. Or just the rude portion of New York City.
334  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2020, 03:14:41 PM
https://cointelegraph.com/news/bitcoin-has-solidified-role-as-investors-digital-gold-grayscale
Quote
“So I talk to an institution, they now look at Bitcoin as part of the same flight to safety as they might look at bonds or gold or other things that have served in that capacity for them, and that wasn’t a widely-held narrative probably until about the last 12 or 18 months.”
335  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2020, 02:24:43 PM
TL;DR Keep calm and wash hands.

Pah. I cannae wait to set sail across an ocean of pus and sputum. I will fish for regurgitated hospital food as I slurp my way to the high ground. I might need to boil it first.

That's wasted effort, it already comes from boils, you'll be fine.
336  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2020, 02:19:25 PM
Preventing that crap-sack universe by having a reasonable government, getting involved with your community, and contributing to a better tomorrow despite the fact that some (many, most) people are fuck-heads could be a better investment over becoming the king of MREs.

Well said. If the shit really hits the fan what will save us is working together not living out a Mad Max fantasy. Though personally I do tend to like the idea of being prepared enough to outlast an alien invasion. Need to merit this when I get some more.  
337  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2020, 02:14:53 PM
Never seen so much panic about most likely nothing too horrific



338  Other / Politics & Society / Re: Can Coronavirus hurt Trump in the upcoming US elections?. on: March 02, 2020, 06:30:37 PM
When you consider he cut funding and shut down CDC programs that were designed to handle this exact scenario then yeah I'd say he's earned the scorn he's getting for his response. Mr. Germophobe only cares when it's himself in the crosshairs, everyone else are little people to him. How anyone could ever be fans of him is beyond me. He's like a bad caricature of a human.

It's more real to say that he didn't renew funding for certain programs, than that he cut funding. Then with the 2.5B now allocated, that is a huge increase, not a decrease.

https://www.pbs.org/newshour/show/how-will-cdc-cuts-affect-health-programs-abroad-and-at-home
Quote
President Trump signed a bill that slashed $1.35 billion from its Prevention and Public Health Fund over the next 10 years.

https://www.snopes.com/fact-check/trump-fire-pandemic-team/
Quote
Rear Adm. Timothy Ziemer abruptly departed from his post leading the global health security team on the National Security Council in May 2018 amid a reorganization of the council by then-National Security Advisor John Bolton, and Ziemer’s team was disbanded. Tom Bossert, whom the Washington Post reported “had called for a comprehensive biodefense strategy against pandemics and biological attacks,” had been fired one month prior.

It’s thus true that the Trump administration axed the executive branch team responsible for coordinating a response to a pandemic and did not replace it, eliminating Ziemer’s position and reassigning others, although Bolton was the executive at the top of the National Security Council chain of command at the time.
339  Other / Politics & Society / Re: Can Coronavirus hurt Trump in the upcoming US elections?. on: March 02, 2020, 06:24:07 PM
I wonder something else. What if Trump die after corona virus. Who will be Republican candidate for presidential elections?

Yeah this might be the dumbest take I have ever heard. Trump is not going to die from Coronavirus...the chance of him getting it are next to nothing and the mortality rate is something like 8% for those over 70. Trump also has the best healthcare in the world at his reach.


Trump dont look to me like a guy that wash his hands that often, so I would give high chance he gets infected early. Specially since Republican rally's will get more and more often  as we move closer to elections. 8% is not that low. But on other hand he is getting closer to 80 years where mortality is over 15%.

He's known for being a germaphobe so my guess is he probably washes his hands obsessively often. I doubt he'll get infected unless one of his skirts or a McDonald's server gets it.
340  Other / Politics & Society / Re: Can Coronavirus hurt Trump in the upcoming US elections?. on: March 02, 2020, 06:22:55 PM
I don't believe that Corona will spread across the US, it isn't more dangerous than flu. In a couple of months we will forget it. Anyway I hope Trump will lose the re-election. I'm fed up with him.

It's already in Washington, NY, and Texas.
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