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421  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 05, 2020, 08:29:57 AM
It's infuriating that all the worlds supposed experts are calculating the death rate wrong.

https://www.worldometers.info/coronavirus/

Recovered compared to infected. A 56% recovery rate. So a 44% mortality rate. And that is just as valid as what they are doing.

The correct calculation remains deaths/(deaths+cured). This is important.

Most of the people who got cured were never tested or diagnosed, so there is little value to worldometers stats. Everybody notices a death.

Nobodies notices or will ever know about the likely 100s of thousands of people who caught it, never had a symptom or just thought they had a cold, and were cured without any medical help. The immune system is the greatest doctor anyone has.
Or the people who die at home and are not counted, in china especially, or the people who are counted as dying from a hundred other issues, or, or and so on.

As long as the official stats are what everyone is quoting, then we should at least calculate those numbers correctly.

We have enough samples outside of China where we can be more certain the dead are counted properly. We only have one sample in the entire globe where an entire population was tested and we know what their mortality rate is. Thats the Diamond Princess. We know the rate of death for the 700 infected was .85 percent, and we know that this population was about 20 years older than a normal population of people bc cruise passengers skew much older.

This is the best evidence on the planet for a true mortality rate ceiling. Meaning the true mortality rate is no higher than .85, and almost certainly much lower in a normal aged group of people.

Until an entire town or village is tested, regardless of symptoms, or just a very large random population sample is tested, the Diamond Princess will remain the scientific gold (Bitcoin Smiley ) standard for a true mortality estimate.

Hopefully the money printers dont read WO and figure these secrets out or they will stop panicking and turn off the money printers.

  
422  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 05, 2020, 08:11:12 AM
It's infuriating that all the worlds supposed experts are calculating the death rate wrong.

https://www.worldometers.info/coronavirus/

Recovered compared to infected. A 56% recovery rate. So a 44% mortality rate. And that is just as valid as what they are doing.

The correct calculation remains deaths/(deaths+cured). This is important.

Most of the people who got cured were never tested or diagnosed, so there is little value to worldometers stats. Everybody notices a death.

Nobodies notices or will ever know about the likely 100s of thousands of people who caught it, never had a symptom or just thought they had a cold, and were cured without any medical help. The immune system is the greatest doctor anyone has.
423  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 05, 2020, 07:52:38 AM
https://www.latimes.com/science/story/2020-03-03/how-bad-could-coronavirus-outbreak-get

"It’s possible that fatalities were particularly bad in China because there are so many smokers there, and their damaged lungs made them more vulnerable to the coronavirus. In China, 52% of men and 3% of women are smokers. By contrast, 16% of men and 12% of women in America smoke.

Smoking is “a risk factor for almost any respiratory infectious disease,” said Dr. James Cherry, an infectious disease specialist at UCLA.

"Yang doesn’t think so. He said the experience in Wuhan might exaggerate how contagious the coronavirus really is.

The fact that the new coronavirus has been circulating in Washington state for weeks but had gone undetected for so long suggests that there have been more infections than official figures suggest, Cherry said. When those cases are taken into account, the death rate falls."

"The actual fatality rate for the new coronavirus may be quite a bit lower than 2.3% because people who are infected but experience only mild illness — or no symptoms at all — are massively undercounted, experts said. The true death rate could be as low as 0.2%, Yang said."


Probably just the flu times 2 bro. Hodl your coin while the money printers buy into the hype and hysteria.

All signs point to bullish.

424  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 05, 2020, 07:35:23 AM
via Imgflip Meme Generator
425  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 05, 2020, 07:34:43 AM
Coronavirus may be getting weaker due to evolutionary pressure - aggressive quarantining of patients who become very sick

https://academic.oup.com/nsr/advance-article/doi/10.1093/nsr/nwaa036/5775463?searchresult=1

The grave is an airtight quarantine. It probably just wasnt that strong to begin with, just tons of cases never got tested for or diagnosed. But it was strong enough to send money printers into panic printing mode, which works for me.
426  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2020, 03:22:54 PM
I cant find any more reliable sample than the Diamond Princess.

Indeed it is a good sample.

Now let's multiple Diamond Princess sample size by a million.

Out of 3.6 billion adults, 700 million will get infected, 6 million will die.

I think humanity can handle it.

According to wikipedia, "Global human population growth amounts to around 83 million annually, or 1.1% per year."

Yes, indeed. Also when you adjust for the age skew of a cruise trip passenger population its probably about 3 million dead, and Id guess a very large chunk of those 3 million were gonna die in 2020 anyway as they represent the weakest members of our population in terms of health. You may see a large spike in deaths for a few months but Id guess the overall deaths for 2020 wouldnt be all that much higher than normal.

Kind of like letting a bunch of prisoners out of jail in the spring when most were already scheduled to get out that year anyway. You come back a year later and the prison population is pretty normal as it has refilled with criminals again.

These viruses go after the weak and compete for the same low hanging fruit.

For every elderly that the coronavirus kills, that may be one less death in 2020 from the flu as corona beats the flu to the punch. You will probably see a drop in deaths for 2020 across the board for heart disease, diabetes, flu, etc as coronavirus plays the early bird and gets the worms.
427  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2020, 03:07:32 PM
Money printers are printing up a historical shit ton of money as we speak for the Flux4Bro AKA COVBULL-19.

What's going to be funny as shit is seeing the media's reaction when this Coronavirus situation blows over.

They'll all be like, "Ok world, the virus is licked now, you all can go out and shop again! Have fun and spend freely!"

And it'll be fkn crickets.

Everyone was completely broke and deep in debt before the virus came, and so they sure as shit still will be after the virus runs it's course.

Nothing will have changed. There won't be any pent up demand. People will still stay home.

The global deflationary environment will still continue.

The Fed rates will eventually slide into the negative.

How long until all confidence in the USD is completely shattered? Tick tock, tick tock.

Exactly. Everyone is stocking up on bleach and buttwipes, but I just am going to get plenty of popcorn and watch the show.  Cheesy
428  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2020, 02:55:16 PM

TLDR: Its just the Flu x 4 bro, and its hella bullish bc money printers are in hysteria right now.

Nah,
just explain quickly why.

Talking about positive cases.
50% are asyntomatic or low symptoms, cure at home, quarantine.
50% need hospitalisation.
25% (50% of previous 50%) need intensive care.
more or less 3% of total infected eventually die (5% of previous intensive care patient).

Now, think what happens if the positive cases skyrocket to a certain number, let's say HALF of the number of people normally infected by a regular flu.

What is the supply of intensive care beds?
What happens when we will be at full capacity?

Mortality rate will rise. Also because people need intensive care also for other reasons than Coronavirus.

Also, hospital procedures are slowed donw by quarantine/extra security needed whil dealing for CoVid19 profilax.

This is the dangerous aspect of COVID19, not the mortality rate per se.

SOURCE:
It is already happening, here in Italy.




My theory is based on the assumption that you have way more undiagnosed cases, hence the lower true mortality rate.
Thats why Diamond Princess is the perfect sample.

We know every single person except 14 got tested.

No other sample is like this for any town, village or city.


Your gov, like most others, either cant or wont test everyone who needs it so the mortality rate seems much higher than it is bc you dont know about all the undiagnosed cases.

I suppose I could clarify that the .4 percent mortality Slayer estimate is assuming the patients get decent healthcare, this would be skewed higher in cases where not enough ICU beds are available. Thats why I mentioned the more communist or socialist a government is, the higher the mortality rates will likely be bc govs suck at everything, including running a healthcare system.

Look at the example inWashington State where six died in a nursing home. Yes that sucks for them, but they were in a nursing home and probably the weakest ones there, so they likely would have died sometime in the next 6 months to a year. This virus will likely take a bunch of people who were about to die in 2020 sometime anyway, and just take them out all at once.
429  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2020, 02:51:51 PM
https://www.predictit.org/markets/detail/3633/Who-will-win-the-2020-Democratic-presidential-nomination

Bernie is officially done now. Its gonna be Biden or Trump in November. Both are much more Bullish for King Bitcoin than Bernie would ever be.

We just got a billion more potential hodlers in India all of whom can legally buy Bitcoin now.

Money printers are printing up a historical shit ton of money as we speak for the Flux4Bro AKA COVBULL-19.

The halvening is almost two months away.

JJG gave up text walls and went on an adventure.

Roach may be talking to a girl finally.

We have entered some kind of Transdimensional Hyperspace Bullish nexus point the likes of which I cant remember except maybe when we kicked Jihan Wu's ass and got Segwit handled.
430  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2020, 02:27:01 PM
2% mortality rate?
Closer to 10%. This is one of the worse examples of misinformation, something really needs to be done about it.

On the cruise ship, I think about 700 got the virus (20%) and 6 of them died.
https://www.worldometers.info/coronavirus/

706 infected, 600 active cases, 100 recovered, 36 in serious condition, 6 dead. So far.

The way the death rate is being calculated, you could just as easily look at the recovered compared to infected. Only 14% recover from the virus! So a 86% mortality rate!

Ive been trying to get some clarity on the mortality rate and bc you really cant trust even the rich first world democracies and the strong incentive to under test for infections, I cant find any more reliable sample than the Diamond Princess.

Its a perfect lab experiment. A large sample of people, plenty of time for a random and large group to get infected, and we know that all but a dozen or so were tested, whether they had symptoms or not.

There are no other examples of entire towns or villages where everyone was tested to my knowledge. This means that any sample of positive testing patients cant give you a good mortality rate because you have no way of knowing how many others in the vicinity had the virus but showed little to no symptoms.

I realize that its possible a few more could die from Diamond Princess, but imo highly unlikely, they have had plenty of time for the disease to play out according to established time lines. It takes a good while to declare patients recovered because they need as many as three or more tests that come back negative and the virus can leave particles in the body that trigger the test long after symptoms are gone.

So you have 6 out of 700 dead, or a .85% mortality. Thats pretty bad, but way better than many estimates. But....... we are forgetting why that .85% death rate is way to high. Its a cruise ship, this population sample is OLD! The average cruise ship passenger is almost two decades older than the average citizen according to a few quick google searches. Its not scientific, but anyone who has been on a cruise knows that its mostly older people.

So now things start looking a lot better. A ship full of old people passed this thing around and .85% died. Yes about 80 infections were crew members who were likely to be much younger on average. Guess what, not one crew member died.

All this leads me to strongly believe that there is no way in hell the true mortality rate is not somewhere a good bit below .85%. Some quick napkin and SOMA calculations tells me this sample of people with their advanced age, factoring in for the normal age of the 80 crew members, and using the death charts by age data available, extrapolates out to about a .40% mortality rate.

About 4 times deadlier than the flu and enough to overwhelm Wuhan's hospitals once about half a million people got infected in a short span.

A large chunk of the people that will die from this would have probably died in the next 6 months to a year anyway. Its just a strain on hospitals bc usually these people kick the bucket in a drawn out period, not all at once.

Flu season already puts a big strain on ICU beds each year, its not cost effective to have a large oversupply of them.

This strain will be much less in countries where healthcare is more of a free market.

Its easy to see why the commies in China got overrun, they have free healthcare for all which means a shitty healthcare system.

This virus is gonna hurt communist and socialist countries more than free market oriented countries. Thats bullish for Bitcoin.

TLDR: Its just the Flu x 4 bro, and its hella bullish bc money printers are in hysteria right now.
431  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2020, 01:49:20 PM
I think it's time we called in the real Guardians. These fakes are toast.



They really do think they are superheros. Always talking about ammunition, toolboxes, tool belts and tool kits.  Roll Eyes I suppose to elites looking for easy money they are heroes.
432  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2020, 10:42:43 AM

https://www.coindesk.com/the-markets-were-already-vulnerable-then-came-coronavirus


"If panic over the coronavirus outbreak spreads, we can expect to see more supply chain disruptions, quarantines, mandated company shutdowns, and, as a result, more uncertainty and unrest.

The longer the hysteria lasts, the higher the risk companies will fall behind on servicing sizable debt loads, which could unleash a far greater bear to asset prices than fear itself.

Any material threat to the economy will provoke more extreme responses from monetary and fiscal policymakers, driving demand for hard, scarce assets. Bitcoin and gold are the big winners in a world of fiat currency abundance. "
433  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2020, 10:42:00 AM
"The Federal Reserve just did an emergency rate cut of 50 basis points only two months before the Bitcoin halving.

I’ve been saying for awhile they were going to cut rates and print money at the exact moment that Bitcoin’s supply shock happened.

You couldn’t write this script "

https://twitter.com/APompliano/status/1234863046431997959

434  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2020, 10:29:04 AM
In a very short time we will be less than two months away from glory.

68 days till the Halvening and all is well.  Cheesy
435  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2020, 10:26:44 AM
https://www.cnbc.com/2020/03/04/ecb-and-boe-to-take-immediate-policy-action-on-coronavirus-impact.html?__source=twitter%7Cmain

Prepare to have your mind blown with all the money printing about to take place. Just in time for our Halvening. All Hail King Bitcoin.  Smiley
436  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2020, 10:20:02 AM

Trick Daddy and Eat A Booty Gang are gonna do well.

https://www.youtube.com/watch?v=bH_QSbKqkAA
437  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2020, 10:14:37 AM
#Bitcoin in India right now.

https://twitter.com/Excellion/status/1235119871932788736?s=20

I'm clearly missing something???

afaiu Indian Supreme Court overruled its Central Bank after 2 years to allow bitcoin (and shitcoin) exchanges.

Didn't saw that yet, noiceee !!!!! Thx for the info  Kiss

Pumping time.  Cheesy
438  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2020, 10:13:32 AM
Due to most people having mild syptoms or being asymptomatic, and lack of testing there are probably 5 to 10 times more cases of COVBULL-19 outside of China than being reported.

Yes if people knew this they would be more freaked out about how far along we are in the spread, but Id say that would easily be nullified when they also found out that the mortality is only a fraction of what is being speculated to be of late.

By purposely not testing, governments sought to stop panic and worry and prevent the economy from suffering. This probably has backfired bc now the mortality rate seems much higher than it is due to untested people who have the disease or have already recovered from the disease.

I expect as testing gets ramped up that the actual mortality rate in first world healthcare systems will come down to something like .3%-.6% for all ages, and for under 50 year olds .05%-.1%.  So while its still very Bullish for the worlds leading safe haven, most nocoiners will survive.
439  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2020, 02:14:55 AM
https://www.predictit.org/markets/detail/3633/Who-will-win-the-2020-Democratic-presidential-nomination

Bidens success on Super Tuesday has moved him from a slight favorite to more than a 2 to 1 favorite.

Voters at exit polls said the Coronavirus had a large influence on their decision.

This tells me that with stocks tanking voters could not risk taking a chance on a candidate who prefers communism over capitalism.

This is Bullish for King Bitcoin as a hypothetical Biden led White House would be much friendlier to Bitcoin than a Bernie led White House full of communist idealogues looking for ways to become like China and Vietnam.

The Fed cut rates today by .5 percent, they usually only do a quarter point cut. The halvening is near, money printing is accelerating across the globe, and Covbull-19 is sowing distrust in governments and germ filled paper money.

We are living in most Bullish times.  Grin

TLDR: Its BTCull $eason for realz.
440  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2020, 02:32:15 PM
https://thehill.com/policy/defense/485501-us-military-working-to-develop-coronavirus-vaccine

"Our military research labs are working feverishly around the horn here to try to come up with a vaccine. So we’ll see how that develops over the next couple of months,” Joint Chiefs of Staff Chairman Gen. Mark Milley told reporters at the Pentagon."
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