Amid these dire trends, South Korea has emerged as a sign of hope and a model to emulate. The country of 50 million appears to have greatly slowed its epidemic; it reported only 74 new cases today, down from 909 at its peak on 29 February. And it has done so without locking down entire cities or taking some of the other authoritarian measures that helped China bring its epidemic under control. “South Korea is a democratic republic, we feel a lockdown is not a reasonable choice,” says Kim Woo-Joo, an infectious disease specialist at Korea University.

Behind its success so far has been the most expansive and well-organized testing program in the world, combined with extensive efforts to isolate infected people and trace and quarantine their contacts. South Korea has tested more than 270,000 people, which amounts to more than 5200 tests per million inhabitants—more than any other country except tiny Bahrain.

South Korea’s experience shows that “diagnostic capacity at scale is key to epidemic control,” says Raina MacIntyre, an emerging infectious disease scholar at the University of New South Wales, Sydney. “Contact tracing is also very influential in epidemic control, as is case isolation,” she says.

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.

The money printing doesn't matter. It's the confidence in the currency and the country that backs it that matters.

@karalhoin
Dow Jones: -13%
S&P 500: -11.99%
BTC: -7.9%

We don't need to be green all the time. We only need to fall slower than the trash most of the time
https://twitter.com/karalhoin/status/1239643693218435072?s=21

I'll survive the pandemic

Why do you assume that a replacement must exist before it collapses!?

Every sane person has known for a very long time that the dollar must collapse someday;

Stocks fell sharply on Monday even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak.

The S&P 500 dropped 8.14% shortly after the open, triggering a “circuit breaker” trading halt that will last for 15 minutes. The Dow Jones Industrial Average fell 9.7%, or 2,250 points. The Nasdaq Composite slid 6.1%.

Maybe 10-15k.

Read the earlier paragraph.

Most of them has effectively zero cost of mining.

Latecomers only sell because they panic (like me), it is the early adopters taking a dump on us.

We are betrayed.

It means this whole thing can go to zero and halvening don't really mean shit. There is no bottom. No TA.

What do we think about the potential price direction this week, guys?

Damn, glad I'm not going anywhere. Guess if they didn't shovel everybody in together, people would be stretched out waiting on the tarmac. Hopefully nobody had a cough.