You must have missed my post https://bitcointalk.org/index.php?topic=178336.msg53981753#msg53981753 where I said once I saw the Diamond Princess stats on infections and deaths I ceased to worry bc this is just a bit more lethal than a nasty flu. During the Wuhan shitshow, nobody knew exactly what was going on and the possibility of it being really bad was a real thing. Now, its all just hype and panic over very little. I did notice your posts bouncing all over the place. I too had nocoiner friends who had zero worry at first when the truth was it could have been super deadly for the whole world. Then real stats and numbers came out proving its not that big of a deal, but of course nocoiners were in hysteria by then and still are.
So basically the nocoiners around you were foolish early on not to have some healthy concern for what might have been a super deadly new disease based on the little we knew, and they would be foolish now if they believe the hype that this is currently a super deadly disease sweeping the land.
So for not over reacting on spotty and unreliable information they were foolish? Meh, I hang mostly with Men who do not shiver in fear of what we cannot control. Well let me rephrase that, I only listen to them, the rest pretty much sounds like background noise to me. I have a tendency to filter out fools very quickly. I actually was brought to the doctor because my mother thought I was going deaf and it turned out I was just ignoring her while she was yelling in my ear and I didn't even notice. Anyone who wasnt keeping a close eye on China early on was foolish imo bc it was a huge uncertainty and the possibilities were worth close attention till one could deem it not to be a major threat. Only a pussy would have shivered in fear at any point in this developing situation. I dont really care if you hang out with pussies or mma fighters. Foolish was what I called people who werent at least paying attention closely to what could have been a big deal at the time. I wasn't offering critiques on their braveness or masculinity. The whole "bouncing all over the place" characterization is pretty weak. If you read my posts carefully you noticed a keen interest into what in the hell was going on in China, bc they cant be trusted and it was hard to know. Then you saw a switch as information became available to me. I started pointing out the hype, the bullish money printing implications, the bogus mortality stats, and overall foolish toilet paper hoarding hysteria. One major pivot once more data became available in a situation thats been going on for over two months. |
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https://www.cnbc.com/2020/03/09/coronavirus-latest-updates-china-skorea-impact-on-markets-and-economy.html"Following the discharge of most patients, 11 of the 14 makeshift hospitals in Wuhan that were built for treatment of the new coronavirus have closed" COVBULL-19 is fizzling out in China. Spring is here in a few days, and this little flu bug is running out of nursing home patients to take out. There are only so many 90 year olds with diabetes, high blood pressure, an respiratory problems, for this thing to take out. Everyone will look back in a few years and marvel out how nocoiners freaked out about toilet paper. Funny, none of the no-coiners around me were even worried about it and it looked to me this thread freaked out more than anything besides the fearmongering media. That includes you. You must have missed my post https://bitcointalk.org/index.php?topic=178336.msg53981753#msg53981753 where I said once I saw the Diamond Princess stats on infections and deaths I ceased to worry bc this is just a bit more lethal than a nasty flu. During the Wuhan shitshow, nobody knew exactly what was going on and the possibility of it being really bad was a real thing. Now, its all just hype and panic over very little. I too had nocoiner friends who had zero worry at first when the truth was it could have been super deadly for the whole world. Then real stats and numbers came out proving its not that big of a deal, but of course nocoiners were in hysteria by then and still are. So basically the nocoiners around you were foolish early on not to have some healthy concern for what might have been a super deadly new disease based on the little we knew, and they would be foolish now if they believe the hype that this is currently a super deadly disease sweeping the land. |
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Out of 22 U.S. Covbull-19 deaths, 16 lived in the same nursing home. https://www.cnn.com/2020/03/09/health/washington-nursing-home-relatives/index.htmlhttps://www.ucsf.edu/news/2010/08/98172/social-support-key-nursing-home-length-stay-death" The average length of stay before death was 13.7 months, while the median was five months. Fifty-three percent of nursing home residents in the study died within six months. Men died after a median stay of three months, while women died after a median stay of eight months." A nursing home is basically your last stop before the grave. On average you have just a bit more than a year to live once you land in one. Im sure many thousands of people currently have or recently got over the Coronavirus. The vast majority of people dying are literally on deaths door already. Little reason to worry or hoard toilet paper. This thing just isnt that lethal. I noticed all the people fighting for toilet paper in the videos were severely obese. Their diet is a thousand times more lethal than 10 coronaviruses injected straight into their lungs. |
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Bitcoin still up about 8 percent since Coronavirus became a global news story on Dec. 31. Gold up a tiny bit more since then, and of course stocks down a lot since then.
Safe haven narrative isn't going anywhere.
GOOD NEWS! We are also up 2.6% in the last hour boysss. Bullrun confirmed! Good news, we are in a 10 year Bull Run. Gay Bears have been taking it up the ass the whole time. Good point, but you forgot to say no homo. |
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Bitcoin still up about 8 percent since Coronavirus became a global news story on Dec. 31. Gold up a tiny bit more since then, and of course stocks down a lot since then.
Safe haven narrative isn't going anywhere.
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https://twitter.com/realDonaldTrump/status/1236778368533700609Trump dropped a big cryptic hint about an unstoppable surprise coming. This was tweeted right after the dow futures opened and tanked. Most likely he is on the phone with the Plunge Protection Team and the Fed and there is some massive money printing on the way. Anyone who thinks Trump isnt going to attack these market sell offs with everything at his disposal is underestimating his ego and desire to be elected again. 62 days to the Halvening and all fundamentals are well and bullish. 
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No need to act like panicking stock boyz who cry like babies at a 5 percent drop, Bitcoiners were built for big swings. Its all just noise on the way to 100k.
Yes we are definitely going to 100k and this current global rout will probably even increase the speed that we get there. Money printing on the way. Maybe global pandemic and a lot of the hoopla and hype about that can allow for the economy to correct, to some extent without having to engage in money printing? If the global economy goes through a major correction, then it is merely blamed on a pandemic, and at the same time, there is an ability to reign in bullshit irresponsibilities in regards to various fiats, no? Why does global pandemic automatically result in more currency printing when allowing a crash can actually accomplish similar kinds of corrective mechanisms that are actually needed in terms of allowing bubbles to play themselves out in free market kinds of ways, no? I am not saying that bitcoin still would not do well in this situation, but I doubt that such a situation of a major correction in the fiat market (which seems to be far over due) automatically results in more printing, especially if there are many BIG players that realize that the overexuberance in money printing is way out of hand, anyhow. It is not like everyone in the regular fiat world is stupid in terms of engaging in various strategies to attempt to continue to prop matters up and to allow some corrections to play themselves out, especially if such corrections are merely born by poor people, even though the status quo power players might get stuck in policies that are hard to get out of on a quite frequent basis. For central banks, a correction is fine so long as credit (debt) is still being created by the private banks. If credit shrinks instead and hence the money supply with it, then we have deflation and that can not be tolerated for long. Deflation will destroy the modern monetary system and, governments and the institutions with it. Therefore, the CBs have to do what ever it takes to prevent this, and if they see credit creation decrease and even look like it is going negative they will print big time (and direct that printing where ever necessary) to try and get credit/debt going again. To understand why a decrease in credit creation is so deadly is to understand how money is created. Hint, the CBs don't create most of the money (only the cash component) they instead generally create cash reserves. It is the private banks who expand our money supply (97% of supply is private bank money. Also peasants are only allowed to use CB money in form of cash not electronic). In short if private bank money is not being created (through new debt) nobody will be able to pay the interest component because there is not enough money in the system to do so. So, this pandemic is a deflationary event, either through illness or panic, doesn't matter which. Therefore the CBs need to start printing those reserves up pronto to counter any deflation (contraction in private credit). We can agree to disagree. I just don't see the obvious link that continued outrageous levels of money printing is an automatic result of this, and I do see an economic slowdown as a possibility to reign matters in a bit. Sure, I am not saying that the powers that be, CB et al are NOT going to completely stop acting irresponsibly and even giving money away to the rich, but seems to me that global events (such as a pandemic crisis) can also create corrective opportunities that are more responsible than what the CBs et al would otherwise attempt to cause regular peeps and even the chinese to bear costs of the various earlier irresponsible of the money printers. Fair enough. All I'm saying is that I think the reason you can't see is because you probably don't know what money we actually use and how it is actually created. The money printing already accelerated. Just off the top of my head, the U.S. had an emergency rate cut of .5 percent. China went nuts with rate cuts, stimulus and currency devaluation. Much more is most likely to come per Fed Funds rate futures projections and statements from various central banks themselves. |
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Infection fatality(what percent of all infections lead to death) is the true mortality rate. That's 12-50%. You are arguing against your own interests now. Wrong. Only one sample exists where every member of a population was tested, regardless of symptoms and the death rate was less than 1 percent. Case fatality is a different stat, it only measures documented cases. That means people that were tested bc they had symptoms or known exposure and tested positive. Govs have purposely tested as little as possible to keep the case number low. The actual population of infection is much larger so we dont know the infection fatality rate of any sample population except the Diamond Princess. https://www.nytimes.com/interactive/2020/03/07/upshot/how-deadly-is-coronavirus-what-we-know.html"But current data allows scientists to measure only a crude statistic called the case fatality rate, which is based on reported cases of an illness. Eventually, they hope to have a more comprehensive number called the infection fatality rate, which includes everyone who is infected with the virus." "Over the long term, epidemiologists often do a kind of blood testing of large numbers of people in a given community. By testing their immune systems, they can measure how many people have been exposed to a disease. That type of research is often the gold standard for getting a real infection rate and a better fatality rate, called the infection fatality rate" Your constant fear peddling only works bc people are confused about the difference between two epidemiological terms, case fatality rate, and infection fatality rate. The former is crude and useful for fear mongering, the latter demonstrates this is mostly hype. Whether you yourself can grasp the difference is of no concern to me. The newbs reading this will know the difference now and not be misled. TLDR: Ibian is likely smart enough to know the difference between case fatality rate, a crude number that skews insanely high when govs refuse to test, and infection fatality rate which really tells you how many people who get the disease die. Its just a game pretending not to get it at this point to attempt to get newbs to sell so his shorts make profit. |
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These misleading mortality fake news stats have caused school girl hysteria for the feint of heart.
Case fatality(percent of cases confirmed by tests that die) is a silly stat when you arent testing most people. Infection fatality(what percent of all infections lead to death) is the true mortality rate.
Little school girls and old women have been alarmed bc they couldnt process the difference between case fatality rate in an environment where govs purposely dont test everyone, and infection fatality rate which as shown by the Diamond Princess is low even for people 20 years older than the average person.
The true percent of all people who get infected that die is much less than 1 percent. Probably just double or triple a bad flu season.
King Bitcoin isnt for the weak, the foolish, the soft, or the naive. Shorters who dont cover at this peak of silly panic will be rekt.
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Who panic sold the bottom?
We are in the Bargain Buy Zone for 2020, it wont be around for long.
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This is the time Bitcoiners were meant to shine. This is where we show we have the strongest hands of all, formed by massive swings over and over through the years.
The other market participants are about to see how resilient we really are in contrast to their panic driven behavior. And when they do they will come in droves to worship King Bitcoin and follow his loyal disciples.
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https://www.cnbc.com/2020/03/09/coronavirus-latest-updates-china-skorea-impact-on-markets-and-economy.html"Following the discharge of most patients, 11 of the 14 makeshift hospitals in Wuhan that were built for treatment of the new coronavirus have closed" COVBULL-19 is fizzling out in China. Spring is here in a few days, and this little flu bug is running out of nursing home patients to take out. There are only so many 90 year olds with diabetes, high blood pressure, an respiratory problems, for this thing to take out. Everyone will look back in a few years and marvel out how nocoiners freaked out about toilet paper.
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No need to act like panicking stock boyz who cry like babies at a 5 percent drop, Bitcoiners were built for big swings. Its all just noise on the way to 100k.
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Money printing on the way. https://www.forexlive.com/centralbank/!/morgan-stanley-expects-fomc-to-cut-75bps50-on-march-18-25-in-april-20200309 "Projections for the Fed: 50 bps rate cut in March 25bps in April MS add that if recession: Fed to cut to zero & restart QE" |
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Bernie could ban Bitcoin in a heartbeat with an executive order.
Governments ban Bitcoin. Allover the world. Specially more autocratic. But then that country main court in case of USA constitutional will over rule that ban. Such things will keep happen. I do not believe Sanders government will be considered as autocratic government. Any candidate for USA president will be good for Bitcoin. They will all increase public debt. If Tump managed to do that in such economic growth I dont see a hero to do opposite. Its silly to think a White House full of extreme leftists (communist idealogues) wouldnt be hostile to Bitcoin. Do you think its a coincidence that two out of the four communist countries on Earth have banned Bitcoin in many ways. Extreme leftists don't like private property, they want the goverment to run everything. They dont want people using money free of censorship that cant be debased. Of course they hate Bitcoin. Bernie would put an army of these people in power. Bernie is toast, so its a moot point. America isnt trying to go back in time and become the Soviet Union, thats why he was rejected. King Bitcoin wins again.  |
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Bitcoin isnt going to fail bc a few people are hoarding toilet paper. We are in this to change the world, not ride the coat tails of the stock market. If a lot of money leaves the stock market, it has to go somewhere and it only takes a little to pump King Bitcoin. Bitcoin supply is cutting in half, not oil, not stocks, not gold, not the housing market, not toilet paper, not ICU beds, just Bitcoin. 63 days till the halvening and all is well. |
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