Not looking good. I still think target is 6500 then maybe 200 weekly at 6. Not fucking liking this that's for sure. I much preferred 2016 but there wasn't a global crash going on then.
The problem is in a country like Italy ..in frigging full crisis mode...what are you gonna dump first? The easy to cash out, the speculative coin that you have made a profit on since you mined/bought or acquired such? Or stocks or bonds or cash (not have) or whatever to fill up your very needed, and like all of us, empty catastrophic/emergency fund? Everything is falling in this Black Swan Pandemic effect. My own 'bet' (dubious) is that IF the Stock Market 'manages' and the rest to somehow find a floor and go sideways for a few days to a week, BTC/Crypto will bounce back harder, like the Plan B Alternative. If, not BTC/Crypto is just another speculative asset and not in any way a 'store of value' and we will be like everyone else, stuck in a HODL pattern for say, years until it recovers like the other speculative assets stocks, etc. Sh*t that would suck! Doom or Boom and Chump or Champ time now boys and girls. Pucker up. This next week is likely to be the worst as that damn concept of 'Reality' hits us right in the nuts.  I don't like what you're saying, but find it hard to disagree with you. |
|
|
|
Pity I missed all the TP/bidet/towel/ass-shit talk, I have a feeling that I would have thrived.
Can we elaborate on disposable baby wipes, now that oil is down please?
I've been using them for years.
Seriously, TP sucks.
Wipe off your ass perfectly clean (so you think) with TP, and then use a baby wipe.
You're welcome.
Basically it beats the shower and the hassle.
Especially if your ass is hairy.
Anyway, back to COV.
Here's a hint, have high levels of fiber in your diet and most often you don't need to wipe at all. Metamucil is a big help here. Metamucil, when I was fresh out of military service and got a job at the local hospital we used to give the older patients in the orthopedic department where I worked Metamucil. The thought of taking it now is just too close to those memories. I don't want to feel that old yet, although I'm sure it would give my poo a nice firm texture. I've been having it since my 20s. It's hard to get enough fiber in your diet so this stuff really helps. Good amount of fiber also helps with cholesterol and probably reduces bowel cancer. But honestly, the best thing is just being able to take a shit in under 30 seconds and require very little to no toilet paper. I would ignore your past experience if you can. |
|
|
|
|
Not looking good. I still think target is 6500 then maybe 200 weekly at 6. Not fucking liking this that's for sure. I much preferred 2016 but there wasn't a global crash going on then.
Seems they only thing doing good today is cash under the bed
|
|
|
|
semi-permanent plateau that would last for at least several years.
Not a chance. The central banks can not let a deflationary period happen. If the private banks can't keep credit creation going it is the end of our modern (crony) monetary system. There will be large amounts of printing, large amounts of stimulus, and all the other nice stuff we have experienced over the last 11 years. We may experience a dip for a while, but it won't last. Market bears think otherwise (note the timing BEFORE the correction), but it's just an opinion. That dude is thinking that we will eventually (within a decade, I assume) will revisit SP500 667. That would be gruesome. So far, his thesis (laid down 20 years ago re negative bond yields) is prescient. https://www.barrons.com/articles/s-p-500-could-test-2009-low-says-longtime-bear-1522957392and (more recent) https://www.barrons.com/articles/perma-bear-albert-edwards-sees-market-ice-age-looming-what-hes-worried-about-now-51581452731Gold, USD, CHF, BTC, digital fiat are all going to be in play. It's going to get crazy.
Man, I was so down to spending the next few years just working and, hopefully, getting wealthier by btc investment. Freaking fourth turning, right? All sensible no doubt. But the one thing everyone fails to understand is that fiat money is just a unit a measurement and the central banks and governments effectively control this unit of measurement. If they want to change the measurement of the S&P to 10,000 points, they can do it, it is within their power. See any country with hyperinflation. That's why these permabears are only right for short periods of time, they can't grasp the corruption of it all. The problem with boosting assets though is the real economy, it doesn't care what the unit of measurement is. The real economy only cares about the real value of its components, and the real economy is made up of labor (peasants). Labor owns very few assets so having the S&P at 10,000 does not help them. Capital (rich fucks) on the other hand don't give a shit about the real economy, because they own all the assets, which, thank you central banks is at a very high level. This all equals bigger wealth divide. So the permabears are right about the real economy, but wrong about the fiat numbers/units of measurements. |
|
|
|
Pity I missed all the TP/bidet/towel/ass-shit talk, I have a feeling that I would have thrived.
Can we elaborate on disposable baby wipes, now that oil is down please?
I've been using them for years.
Seriously, TP sucks.
Wipe off your ass perfectly clean (so you think) with TP, and then use a baby wipe.
You're welcome.
Basically it beats the shower and the hassle.
Especially if your ass is hairy.
Anyway, back to COV.
Here's a hint, have high levels of fiber in your diet and most often you don't need to wipe at all. Metamucil is a big help here. |
|
|
|
|
Well bitcoin may be down 10%. But oil is down 21% and S&P futures are down 4.5%. I wonder how much longer the central banks will remain silent.
Edit: here come the 7s. whos ready to panic
|
|
|
|
semi-permanent plateau that would last for at least several years.
Not a chance. The central banks can not let a deflationary period happen. If the private banks can't keep credit creation going it is the end of our modern (crony) monetary system. There will be large amounts of printing, large amounts of stimulus, and all the other nice stuff we have experienced over the last 11 years. We may experience a dip for a while, but it won't last. |
|
|
|
Looks like Luc was right about heading down to test 200wma  Yeah, I think we have a head and shoulders on the chart. Target is 6500 again |
|
|
|
|
Here's what you do if you run out of toilet paper. Jump in the damn shower.
|
|
|
|
Oh what now ?! Sheeeit.
Fuck.
EDIT: Observing $8,771 and falling.
I know right. It's like this shit just won't end. Halving will take out some supply which will be good long term, but this short term crap is annoying the hell out of me. Looks like a head and shoulders developing on the daily, if that happens price target would be back to the 6500 area again. |
|
|
|
A lot of mights and mays in that. Can't wait till we get some solid research papers out on this. |
|
|
|
Also remember redundancy can be expensive: When the power goes out you don't need to have a generator big enough to run your house for a month. What you need is enough power for the fridge, a lamp (really nice when it gets dark), the fans for your wood stove (in winter), cell phone charging (surprisingly little), a weber grill, and a coffee machine (because waiting in line for coffee sucks). I've done this for a week, it's really not that big of a deal and having cold beer, a light at night, and coffee in the morning goes a long way towards feeling civilized and appropriately smug at those without.
So.... Keep things in perspective. Try not to be part of the mass migration herd, either be the first one out (tricky to time) or wait a week till things settle down.
Or solar + a Tesla battery and pretty much run your household as normal Solar hot water is the go too. Those tube things they use these days are pretty damn awesome. |
|
|
|
Offtopic... Observing $8562. This is bullshit!  Yeah I'm not liking it. I thought we had finished with all this bullshit. Apparently not. |
|
|
|
In other news, watch out: Latest Mozilla update wants to route your DNS queries through cloudflare. Which since it's an internet provider means the Govt will be able to see all of your queries without a warrant.
(Run your own DNS servers ffs)
wonderful. ive donated to them numerous times. Use it people. And yes, they accept bitcoin and zero KYC. |
|
|
|
Can anyone confirm in Italy there was a news people infected with a virus and they were not in any contact with other infected people?
Of course they were in contact in some way. They just didn't know it. Maybe they use the door knob on the same bathroom then touched their face. This thing is contagious, possible R0 of 6, most in a months time few people are going to know where they caught it. How do you know that? What if they didn't have any contacts with nobody? What? a virus does not just spontaneously create itself or teleport from one location to another. I know that doesn't happen because science. Yea it's strange to me that the cured people could get the infection again after a very short time. Is this even possible? It seems like this could be true. First reports of this out of China, were not solid evidence, put down to a clerical error I think. But, Japan had a case recently where a woman was reinfected, it is possible that maybe she never got rid of it though and it just came back. Either way, this is bad, and do everything you can to avoid it. |
|
|
|
Almost no virus in Africa and South America.
Not a single infection in central America and a single in South America (Brazil) 3 have been in whole of Africa, 1 recovered China has active land borders with 13 countries 9 of them no-one infected ever. The 4 countries who did have 22 people infected all recovered. No neighbor country has anyone infected currently and none deaths in those countries. North Korea 0 Mongolia 0 Kazakhstan 0 Kyrgystan 0 Tajikistan 0 Pakistan 0 Myanmar (Burma) 0 Bhutan 0 Laos 0 Nepal 1 Russia 2 India 3 Vietnam 16 Edit; Pakistan has 2 infected. Those countries have cases, just not tested for them yet or reported. Just like Indonesia. |
|
|
|
Can anyone confirm in Italy there was a news people infected with a virus and they were not in any contact with other infected people?
Of course they were in contact in some way. They just didn't know it. Maybe they use the door knob on the same bathroom then touched their face. This thing is contagious, possible R0 of 6, most in a months time few people are going to know where they caught it. How do you know that? What if they didn't have any contacts with nobody? What? a virus does not just spontaneously create itself or teleport from one location to another. I know that doesn't happen because science. |
|
|
|
Can anyone confirm in Italy there was a news people infected with a virus and they were not in any contact with other infected people?
Of course they were in contact in some way. They just didn't know it. Maybe they use the door knob on the same bathroom then touched their face. This thing is contagious, possible R0 of 6, in a months time few people are going to know where they caught it. |
|
|
|
|
Show Posts
