I'm back after a hiatus. I see my friend Toxic has returned too. Coincidence? We're in desperate need of a new poll!  |
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 I'm still going to the office.  |
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... another bottleneck exposed in modern society by the virus, just-in-time funeral services.
I bet Silicon Valley can come up with a funeral home share app for that, with surge pricing to cater for unexpected demand too.
How about a drive through funeral service? The body can be propped up in a window like a mannequin. Maybe they could partner with McDonalds. People can pull up, pay their respects, get a Quarter Pounder® with Cheese, and go about their day. That sounds pretty American. |
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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. Which is why having a Moron in Chief at the helm is a very bad thing. If money is backed by confidence and confidence is zero then money is zero. Gee, who would have thought that electing a moron would not be a bad idea? (Me in 2008) That doesn't explain the fact that the US Dollar is absolutely crushing everything right now - stocks, precious metals, bitcoin, bonds, and every other currency. |
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the Pound is tanking.  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. |
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 Yes, we have another damn day for Bitcoin  I wonder how much time it takes for Bitcoin to become as stable as before I'm sitting here and watching my account go down every day, outside there is a raging virus Damn series day with my wrong decisions Now the lowest is 4400, how much next? What would have been your wrong decisions? You did not prepare financially and psychologically for BTC prices to go down, which would be having the ability to buy moar in the case that BTC prices were to go down, which they did? Interestingly, since this am btc correlates the best with gold stocks, but not with gold price. gold stocks are outperforming gold by a vast %, which is for the first time during this 'downturn'. EDIT: Dow is down 10%, but btc is holding 5K nicely. That makes some sense, since gold stocks are extremely liquid, and all the big investors want access to quick cash. |
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Corona is temporary... it will go away eventually... Or stay permanently. In Hubei province 2 cities (Xiaogan and Tianmen) locked down again after opening for only one day, this happens when you force to reopening facilities while the virus is still going on. Spreading route is unstoppable, at this point there is always someone out there who keeps infecting other people and most likely without realising it. Even when China ore Italy trying to get their country back to nomal there is a very high possibility to get reinfected again. Epicentre might be located in another city/region. I don't want to see people suffering ore boomers to die -this needs to end asap- i'm a realist, as far i see it Covid19 will stay here for a while. Teams around the globe working 24/7 finding a vaccine, i have full confident they will solve this problem. But when and how the virus behaves along the way is still uncertain. It's a pretty crazy situation. If the virus doesn't recede significantly over the summer, will we stay on global lockdown for 1 year+, while waiting for a vaccine? |
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Most bet that Bitcoin will continue to fall, but the market always shows the opposite of what the masses think, in every crisis there is a very good opportunity that very few see, and in Bitcoin there is now a great investment opportunity. A really cool fractal
I added some context to it, comparing the virus with the 2008 crash
Gann analysis on the price and time aspects shows high confluence for this scenario with near ATH levels around EOY/NY
Kudo's to
@CryptoCapo_
and
@kenzboard
who showed me the fractal  Twitter: https://twitter.com/BTC_JackSparrow/status/1239133425790930950 And “Crypto Trader Digest” newsletter: “As central bank printing presses switch into beast mode, Bitcoin should enjoy a nice run back through $10,000 towards $20,000 by year end. Each central bank will cut rates to zero and announce open ended quantitative easing.” Source: https://www.newsbtc.com/2020/03/16/scarily-accurate-fractal-bitcoin-will-trade-20000-q1-2021/Actually, I really like this analogy (fractal). The only question is where the pent-up demand would overcome the resistance of the current downtrend. It very well may be that 3850 is the answer, but it could be also a band between 3100-3800. For fractal to work we should not dip below 3122 on a 'closing' basis. I'm guessing it will be a "defeat" of the virus, lifting of national emergency status, etc. The overwhelmingly positive sentiment, combined with QE, negative rates, and mega bailouts, create the perfect setup for a massive slingshot effect. When the consensus is that we're on the way back up, the big players are going to take advantage of all that free money. |
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A math meme that is funny rather than stupid:
Solve carefully!
230 - 220 x 0.5 =
You probably won't believe it, but the answer is 5!
Maths iz hard. Nope, I don't believe it. This is millennial math, where every answer is right as long as you can explain it. And everyone gets an 'A'. |
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Let's not judge guys... you don't know peoples financial positions or tolerance to financial stress either. It's been... it's been a day. Tomorrow will come and the world will keep on spinning. I'm sure in the long term we go up but at the moment it's all pretty crazy
Not to mention people have been watching their IRAs and 401Ks tank, they're worried about the nothingivirus, worried about getting laid off from work, maybe stressed out from figuring out childcare due to cancelled schools, and on and on. |
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https://twitter.com/PrisonPlanet/status/1238254013201727494"Not to downplay coronavirus, but the 2009 swine flu epidemic infected 61 million Americans, killed over 12,000 and I don't recall anywhere near this level of hysteria." By the way, stock futures did not bounce with us just now. That was all King. I don't understand this irrational fear of the virus either. The conspiracy theorist in me thinks its a con job to shift more assets to the wealthy, and give the governments more power. |
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To any newbs out there who just went through all that and didn't sell. Congrats, you're a man now. Still cant believe we actually got under 4k. Holy Flu Hoax!  via Imgflip Meme GeneratorI thought I was a grizzled ass veteran who's been in this BTC game for almost 9 years now. Today scared the shit out of me though. I can only imagine how it was for a noob. Still hodling though, and managed to buy more. |
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Zooming out, it now looks like there's a massive triangle extending from 2017 into 2021. It's also looking like we never really left the bear market. It turned out to be longer and more brutal than anyone anticipated.  |
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I'm not deleting the thread. I'm a lying, dog faced, pony soldier.
I'm also the most worried I've been since the 2014-2015 bear market TBH.
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If bitcoin drops below $5,500, I'll delete this entire thread. Bring it, bears!
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 lol |
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New poll. Old poll:  |
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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. |
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