If you ever wondered what it would be like if the whole world hoaxed itself, now you know.  Less than 5k deaths and China is already over it. Remember, cancel culture doesnt apologize when they are wrong. They just move on to the next thing to overreact to. Obesity is the number one killer. Where is the outrage, why doesn't cancel culture want you to upend society to save the fat people? Cancel all public gatherings where people might eat to much. No flying to countries w fatty foods. Scales at grocery stores to weigh people when they buy their food. Come on people, if we dont act now everyone will eat themselves to death. We have to work together. Shut down restaurants and ice cream shops. No more chairs allowed bc fatties will sit in them and be sedentary. No more cars, make the fatties walk or they will die. Bc its all a game to them to see if they can get you to shit your pants and do whatever silly thing they tell you to do. This game wont work for long, we will be headed up soon enough. |
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This is the first major Bitcoin crash I can remember that happened and the media isnt rubbing it in our faces after the fact. They are too busy at the moment. But but the bargain boyz where satisfied not? Bargain Boyz already filled their bags at 5500. These buyers are the Vampire Boyz. They only come out when the streets are rivers of blood. They wont buy unless its a true panic sell like now. They will make a killing here. |
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This is the first major Bitcoin crash I can remember that happened and the media isnt rubbing it in our faces after the fact. They are too busy at the moment. |
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"Yeah, it's true. My parents got coronavirus. Crazy. They're both down in Australia right now because my dad was shooting a movie down there, but I just got off the phone with them. They both are fine – they're not even that sick." Lol, as the rich all start getting tested at the slightest cough we are gonna see the case fatality rate plummet to reality. |
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https://www.wired.com/2000/01/y2k-alarmist-wha-happened/"North has made a living predicting that modern society will end in panic and ruin. During the '80s, he advised people to stockpile gold because he saw a nuclear war coming with the Soviet Union. Around the same time, he predicted an AIDS epidemic that would overwhelm the world's hospitals. North said he remains baffled as to why the transition to 2000 didn't bring the global chaos he and others had anticipated. Statistically speaking, North thought there should have been at least a few brownouts and blackouts. Clearly, world governments were planning on some kind of trouble. How else do you explain the fact that police officers the world over had to work New Year's Eve?"
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Makes you wonder about Greta Thunberg. She must really hate COVID-19. It knocked her right off of the front pages. Now all the worrywarts have something else to fuss about.  Good point, alarmists everywhere are jealous and revising their tactics. Imagine all the people who spend decades trying to build hysteria for cause after cause after cause and China Flu wins the prize after a few months and 5k deaths. |
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https://twitter.com/mitchellvii/status/1238115870355972096"At it's height, COVID-19 infected .006% of the Chinese population. And it had a big head start before draconian prevention measures were put into place. It may have been spreading for months before anyone knew it existed. .006% of the US population is 21,000." Quoting for around 3/27. Feel like making a bet on how things will develop? I would be willing to bet you by 3/27 that Covbull deaths have not reached 90k which is about what worldometer has for the flu deaths so far this year. Giving covbull 2 weeks to catch up should be childs play if its really all that deadly and infectious with no vaccine. |
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COVBULL-19 has shown it has a narrow humidity and temperature range it prefers and is able to have big outbreaks thus far. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3550308 " has established significant community spread in cities and regions only along a narrow east west distribution roughly along the 30-50 N” corridor at consistently similar weather patterns (5-11 degrees Celsius and 47-79% humidity). There has been a lack of significant community establishment in expected locations that are based only on population proximity and extensive population interaction through travel. We have proposed a simplified model that shows a zone at increased risk for COVID-19 spread. Using weather modeling, it may be possible to predict the regions most likely to be at higher risk of significant community spread of COVID-19 in the upcoming weeks, allowing for concentration of public health efforts on surveillance and containment." If you live outside of these ranges you should be good. Once it warms up, those areas should be fine too. COVBULL-19 hasnt even killed 5000 people yet in about 2.5 months. 200,000 babies were born today. I could be wrong, but imho, this is gonna go down in the history books as one of the greatest overreactions of all time. https://www.globaltrademag.com/the-spanish-flu-and-the-stock-market-the-pandemic-of-1919/"the impact of the Spanish Flu on the stock market was minimal. If you look at the Dow Jones Industrial Average in 1918 and 1919, you can see that the stock market was relatively unaffected by any of the three waves of the Spanish flu. " |
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https://twitter.com/mitchellvii/status/1238115870355972096"At it's height, COVID-19 infected .006% of the Chinese population. And it had a big head start before draconian prevention measures were put into place. It may have been spreading for months before anyone knew it existed. .006% of the US population is 21,000."
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https://www.foxnews.com/world/china-says-new-coronavirus-cases-falling-it-is-past-peak-of-disease-report"The Chinese National Health Commission has also emphasized that new cases outside of Hubei province have essentially ceased, with no new cases recorded outside of Wuhan on Wednesday, " According to Reuters, new coronavirus cases in Hubei province, which contains Wuhan, the epicenter of the disease that Wednesday was declared a pandemic by the World Health Organization, totaled just eight on Thursday -- the lowest number recorded so far. "Broadly speaking, the peak of the epidemic has passed for China," National Health Commission Spokesman Mi Feng said, according to Reuters." Wont be long before this fizzles out everywhere else too. The places with warmer climates aren't even having a real problem to begin with. Money printers wont be able to unprint though.
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I was wondering why Roach isn't here to gloat, but then I saw Silver was down big today too.  @Eddie13 you are right, the Dollar Boyz are the winners today. Bitcoin has been kicking their ass for 10 years though. |
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Btw, the gleaming bright side to all of this crap:
Once this bear market is over (in all markets) and has bottomed, we won't see this type of thing again for a VERY long time.
Mark my words, we'll have another ten year epic bull run that will defy all gravity, logic, and common sense.
The Fed will make sure of it.
I've been wondering about that. How long will 0% interest rates and QE keep working? It seems we get diminishing returns from that nonsense. It'll only keep working for the investment banks and corps through stock buybacks and debt/equity swaps. I suppose they can keep that going for quite a long time. The markets will keep going up, because there's nowhere else for that money to go. For main street, inflation will continue to rise. Yes. They are gonna push average Nocoiners to join us as they squeeze and squeeze them with inflation to boost their stocks. Some Bitcoiners are in shock bc Stockboyz(Wall Street) didn't run to us for protection(yet), but the real prize imo is when Main Street comes to us for protection. The SEC fears this so they wont allow the ETF, but we dont need it. Main Streeters are all worried about dying right now, but once they realize they are gonna live they will get back to slowly noticing how money printing is making their lives harder so the elites can win at all times. Also Main Streeters like to join when things are going well, so many will wait post halvening for all time highs to jump in. |
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https://www.cnbc.com/2020/03/12/european-central-bank-stimulus-package-amid-coronavirus.html"The European Central Bank decided Thursday not to cut interest rates, despite market expectations for a reduction amid the ongoing coronavirus outbreak. However, the central bank did announce measures to support bank lending and expanded its asset purchase program by 120 billion euros ($135.28 billion)." COVBULL-19 forced money printers to make another 135 billion. Markets wanted more, markets puked, and markets will soon get more, bc central bankers always print more when the markets punish them. We have seen with stocks in the past that it takes time for all this fresh money to be printed and to find its way into asset valuations. But rest assured, thats exactly where its going and Bitcoin will benefit.
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Statement Regarding Treasury Reserve Management Purchases and Repurchase OperationsToday, March 12, 2020, the Desk will offer $500 billion in a three-month repo operation at 1:30 pm ET that will settle on March 13, 2020. Tomorrow, the Desk will further offer $500 billion in a three-month repo operation and $500 billion in a one-month repo operation for same day settlement. Three-month and one-month repo operations for $500 billion will be offered on a weekly basis for the remainder of the monthly schedule. The Desk will continue to offer at least $175 billion in daily overnight repo operations and at least $45 billion in two-week term repo operations twice per week over this period. COVBULL-19 doing what it does best. Causing money printers to go all out. |
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This is just straight up bullshit..
Bitcoin was supposed to be protection from shit like this, not just dump right off right along with the mainstream economy..
I'm pissed..
I'm sure you guys have 20 excuses for why "China Virus is Bullish" was so totally wrong..
All I can think of is TYVM regulation shills and mainstream market adoption shills..
Now BTC is tied right to the funny money markets, WTF is it good for now?
No, I didn't lose any trades on this or sell anything, but this is totally shaking by belief of what Bitcoin is supposed to be..
This is the exact opposite of what Bitcoin is supposed to do.. Great global markets crashing and there goes Bitcoin plunging right along with it..
Feds announce massive market bailouts.. Bitcoin doesn't even move..
Bitcoin is long term protection. Long term the Chinese Flu will be bullish for it. If someone had stocks and wanted something that moved at a perfect inverse then you short those stocks. The Dude already posted a nice article that discussed gold getting rekt in 2009 w stocks before it took off to the moon. If you bought VT (the total world stock index of Vanguard) and Bitcoin on Dec 31 the day Coronavirus became a global story, then you lost about 24 percent on the world stocks, and about 15 percent on Bitcoin. Bitcoin has outperformed stocks despite plus token scammers selling at any price. Also global stocks wont be cutting their supply in half in 59 days, while Bitcoin will. A famous nocoiner Warren Buffet said " Price is what you pay, Value is what you get." Buffet was right about this one. This new flu that has only killed a small amount of people and is subsiding in China already has caused tremendous money printing already and much more to come. Today that may not have increased the price of Bitcoin, but the value has increased greatly and when all the noise washes away the price will reflect that down the road. |
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Galaxy Digital CEO Mike Novogratz has attempted to explain what exactly happened to Bitcoin's safe haven status. In his new tweet, he writes that investors tend to 'take leverage down' and book profits during such black swan events.  via Imgflip Meme GeneratorNot a hedge asset From the U.S. stock market suffering from its quickest correction since the Great Depression to oil prices plummeting 16 percent — this week will surely go down in history. When global markets got gripped by a ruthless sell-off, Bitcoin failed to serve as a store of value, which many believe should be its main use case. In fact, BTC performed worse than any traditional asset, shedding 15 percent of its value in less than a week. At press time, it is just trading just below its key support level of $8,500. Bonds, not BitcoinWhile gold bugs were quick to dismiss Bitcoin's as a hedge against economic uncertainty, Novogtatz's claim about investors booking profit definitely holds water. One of the biggest surprises of this tumultuous week was the gold price recording a five percent drop on Friday. The yellow metal is considered to be the most robust store of value. Just like during the 2008 crisis, investors started liquidating both stocks and gold for covering their margin calls. Bonds and cash turned out to be the real safe haven. https://u.today/mike-novogratz-explains-why-bitcoin-btc-is-failing-as-safe-havenDuring his recent interview with TD Ameritrade Network, Ari Paul, the CTO of BlockTowerCapital, agreed with Galaxy Digital CEO Mike Novogratz that more money printing initiated by central banks around the globe could be the most bullish case for Bitcoin (BTC). Is #bitcoin’s store of value use-case broken after its big break from bonds and gold? $btc@AriDavidPaul weighs in: However, he predicts that Bitcoin could mirror gold in 2008 with a delayed reaction to the looming economic crash. More aggressive rate cuts As reported by U.Today, the U.S. Federal Reserve did a 50 bps emergency rate cut on March 3 to cushion the devastating blow from the coronavirus pandemic. However, it provided only a temporal relief for the equities market that had its worst day since the previous recession on March 9. Now that President Donald Trump calls the Fed 'pathetic' and pressures it to cut rates in a more aggressive manner, things could get really bullish for Bitcoin as Novogratz predicted earlier. "I totally agree with Novogratz that the strongest bull case for Bitcoin is what we are seeing right now, which is the entire U.S. Treasury curve below one percent," Paul said. https://u.today/mike-novogratz-thinks-its-strongest-bull-case-for-bitcoin-btc-ari-paul-agreesYeah big picture this is very bullish for King Bitcoin. |
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not today bitcoin  weeeeeeeee\\\vvv Just to make myself feel better I looked up Bitcoin Instant. Its not affected by the sell-off because it hasn't been traded in 5 days weeeeeeeeeeeeee  LOL TrannyBitz and his Bitcoin Instant. |
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