Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[HairyMaclairy]

I lived in China for about six months.  In Shanghai, in the French concession.  I was working for a company in the Jing'an district.  This gave me the opportunity to experience first hand what it is like to live in a country with little to no environmental regulations.  It has been awhile since I have been there so things may have changed a bit since but I have my doubts.

• I went out to the bars on Bund one night and came home piss drunk.  Hopped in the shower and was thirsty and drunk so took a big mouthful of water.  I nearly vomited and was instantly sober.  Shanghai tap water is disgusting - no one drinks it except the very poor.  It tastes like liquid metal with god knows what mixed in
• I was driving home in a taxi one winter evening and looked out the window at the beautiful snow fall.  Then I realised it was still well above freezing.  The falling "snow" was just fly ash from the local coal fired power station
• A friend of mine landed at the airport.  I went to collect her.  On the taxi ride into the city she commented on the moon which was high in the sky.  I told her 'no' that's the sun and its just smog that make it look dim.  We then had an argument about whether it was the sun or the moon.  I was right and she was wrong.

Here is a picture of what Shanghai looks like on a typical day



Here is a photo of Beijing, which tends to be worse than Shanghai



A pic from Shijiazhuang which is further inland





You guys might think that environmental regulations are killing the USA and UK, but I suggest the opposite.  A lack of environmental regulations are killing China and places in Asia.  All the rich Chinese establish anchor homes in the West, in part just so they can get away from the pollution.  

Think twice before you advocate for getting rid of environmental protections.  You might think that the EPA is communist, but it is truly awful living somewhere without proper environmental controls.  I was offered a pay rise if I would stay for another six months after my contract was up, but I got the fuck out of China and have never been back.  Once I got off the plane in the West and walked into the airport parking lot, all I could smell was this wall of fresh air and flowers.  That memory is absolutely seared into my brain after six months of living in smog.  




Some more information just so you don't think I am making it up:

Can I drink the tap water in China?

No, the tap water in China is not safe to drink. Unlike most western countries where there is easy access to safe tap water, in most places in China the tap water, although it looks clear, is not safe for drinking unless it has been boiled. Even in big cities like Beijing and Shanghai, water from the tap is not well filtered, sterilized, or purified, and may carry hazardous contaminants like sediments, rusts, bacteria, virus, chlorines, or other heavy metals. Sicknesses like diarrhea caused by drinking unclean water may spoil your trip.

Source: https://www.travelchinaguide.com/essential/water.htm

China's air pollution crisis shows no sign of ending as nation fails to lower coal use  10 January 2017

For the last month, severe air pollution has choked Beijing and coal is estimated to cause about 40 per cent of the smog in the nation's capital. Other cities in the north, such as Shijiazhuang, have recorded air quality of 1000 PM2.5. PM2.5 are fine particles less than 2.5 micrometres in diameter that can lodge in the lungs and get into the bloodstream. The World Health Organisation says anything over 25 PM2.5 as a health hazard

 Source:  https://www.abc.net.au/news/2017-01-08/chinese-air-pollution-crisis-caused-by-ongoing-coal-use/8168702

[1702298201]

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[1702298201]

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[sirazimuth]

Well he's baaaack! and even though I don't have a fucking clue what he's on about,
as its all way the phuk over my head...gotta love that Bruce Wanker link.
That dude just makes me lmao no matter how many times I've seen those vids.
Jeeezus.... who the fuck is their dentist anyway?? They must be from Maine....

[Anon136]

I don’t understand how basic stuff like not polluting rivers is the craziest thing you have ever witnessed.  And not sure why it would lead to the downfall of the USA.  But ok.

It really is a shame that communists cloak themselves in these sorts of good intentions because we all want clean air and rivers, obviously, only a psycho wouldn't. It's such an effective trogen horse for them because it's obviously a good thing and it's very difficult to imagine how to accomplish it without empowering the state. So if empowering the state is your aim it makes a lot of sense to ride in the Trojan horse of environmentalism. It's kind of an all communists are environmentalists but not all environmentalists are communists sort of thing... (of course not literally all, just almost all)

[lightfoot]

That kind of matches what I remember of China in 1996. Polluted. Ug. Yuck.

[realr0ach]

I don’t understand how basic stuff like not polluting rivers is the craziest thing you have ever witnessed.  And not sure why it would lead to the downfall of the USA.  But ok.

It really is a shame that communists cloak themselves in these sorts of good intentions because we all want clean air and rivers, obviously, only a psycho wouldn't. It's such an effective trogen horse for them because it's obviously a good thing and it's very difficult to imagine how to accomplish it without empowering the state. So if empowering the state is your aim it makes a lot of sense to ride in the Trojan horse of environmentalism. It's kind of an all communists are environmentalists but not all environmentalists are communists sort of thing... (of course not literally all, just almost all)

He's a kike.  This is how they operate.  "By way of deception thou shall make war".  He even pretends communism is an actual thing instead of simply being a Jew scam to centralize all wealth and power and then steal it all and rule over everyone as slaves.

[HairyMaclairy]

I don’t understand how basic stuff like not polluting rivers is the craziest thing you have ever witnessed.  And not sure why it would lead to the downfall of the USA.  But ok.

It really is a shame that communists cloak themselves in these sorts of good intentions because we all want clean air and rivers, obviously, only a psycho wouldn't. It's such an effective trogen horse for them because it's obviously a good thing and it's very difficult to imagine how to accomplish it without empowering the state. So if empowering the state is your aim it makes a lot of sense to ride in the Trojan horse of environmentalism. It's kind of an all communists are environmentalists but not all environmentalists are communists sort of thing... (of course not literally all, just almost all)

If you go around the wealthier suburbs of the big cities, you will find many people with strong environmental values.  These people are business owners, executives and otherwise highly successful members of capitalist society.  They shop at Whole Foods, ride expensive Italian bicycles and separate their recyclables.

They are also about as far removed from communists as you can get.  So I don't really accept your premise.  

[sirazimuth]

I'll post now.
That way there we have:-
resident hatless deluded troll,
resident rational dude,
resident hatless clown wannabe...
all in a row.column.

[criptix]

Wanna know something funny?

If consumers wouldnt buy products which got produced by destroying and polluting the enviroment, what do you think would happen?


Everyone is raping the enviroment because consumers accept it, buy the products and make the producers billionairs.

[HairyMaclairy]

Wanna know something funny?

If consumers wouldnt buy products which got produced by destroying and polluting the enviroment, what do you think would happen?


Everyone is raping the enviroment because consumers accept it, buy the products and make the producers billionairs.

Companies which try to be environmentally sustainable often financially outperform polluters.  Not always, but enough.

https://www.barrons.com/articles/does-sustainable-investing-lead-to-lower-returns-1529712000

Being a bad corporate citizen is often bad for business.  

ESG is about understanding how companies are adapting to transformational change, such as the shift to a low-carbon economy. European electric utility companies, such as RWE, missed the message that renewables should become an important part of power generation. They lost half a trillion in market capitalization as a result. Automobile manufacturers are in a race to not become the next victims by missing the electrification wave. Consumer packaged-goods companies, such as General Mills, Nestlé, and PepsiCo, are product reformulating as consumer preferences change, taking out sugar and sodium from their products, while repositioning their offerings to compete in healthier food and beverage choices.

[criptix]

Wanna know something funny?

If consumers wouldnt buy products which got produced by destroying and polluting the enviroment, what do you think would happen?


Everyone is raping the enviroment because consumers accept it, buy the products and make the producers billionairs.

Companies which try to be environmentally sustainable often financially outperform polluters.  Not always, but enough.

https://www.barrons.com/articles/does-sustainable-investing-lead-to-lower-returns-1529712000

Being a bad corporate citizen is often bad for business. 

ESG is about understanding how companies are adapting to transformational change, such as the shift to a low-carbon economy. European electric utility companies, such as RWE, missed the message that renewables should become an important part of power generation. They lost half a trillion in market capitalization as a result. Automobile manufacturers are in a race to not become the next victims by missing the electrification wave. Consumer packaged-goods companies, such as General Mills, Nestlé, and PepsiCo, are product reformulating as consumer preferences change, taking out sugar and sodium from their products, while repositioning their offerings to compete in healthier food and beverage choices.

I agree, but the main problem - which the article describes too - are short to mid term profits.

ESG funds are a long term strategy, but most consumers are facing the question if they should buy the same item for 1$ or 5$.


This is the same reason why companies are now moving away from china, which is in the process to improve enviromental and worker safety standards which increases production cost.

[HairyMaclairy]

I agree, but the main problem - which the article describes too - are short to mid term profits.

Totally agree.  Which is why we need good environmental regulations and properly funded regulators.

ESG funds are a long term strategy, but most consumers are facing the question if they should buy the same item for 1$ or 5$.

Again, agree.  However if consumers are allowed to be educated of the environmental benefits of one product over another, they will often pick the more environmentally friendly even if it is more expensive.  For example free range eggs are very popular even when twice the price of cage eggs.  

This is the same reason why companies are now moving away from china, which is in the process to improve enviromental and worker safety standards which increases production cost.

I would say that this has more to do with increased labour costs due to demand for workers - purely market forces.  Environmental and safety standards in China are still extremely low to non-existent imho.  

This is good news for Africa because some factories are starting to move there out of China. Africa is also much closer to European markets.  I’m very bullish on Africa over the next 20 years.

[JSRAW]

West turned toward China due to cheap labor. China benefitted in terms of the Financial and ruined Environment. Now China moving to  Africa due to cheap labor and wanna save the environment in their backyard. In a decade or so Africa will get a benefit financially and my Chinese friends will discuss in zhihu why Africa is so polluted.

Win-Win for everyone except the environment.

[VB1001]

Good Morning, WO's

A news item from LN to start the day.

Bitcoin Lightning Network Payments Already Comparable with Apple Pay, Researcher Reveals

This, according to research conducted by JP Thor, a bitcoin (BTC) analyst and advocate. Notably, Thor’s latest study and comparison of crypto and conventional, or mainstream, payment methods came in response to a challenge issued by Anthony Pompliano. Also known as “Pomp” on social media, the Morgan Creek Digital Assets co-founder had requested that “someone should run a test to time” how long it takes to process a credit card and then a LN-enabled crypto transaction.

https://www.cryptoglobe.com/latest/2019/02/lightning-network-ln-payments-already-comparable-with-apple-pay-researcher-reveals/

[LFC_Bitcoin]

So much excitement for a 300 USD spike... and volumes are still low,  according my very personal vision we need to break 6.3 k with high volumes to be able to post rockets and trains memes, only then a new ath will be just a matter of time. Now, it's still sideways

I agree but a $300 rise is a lot better than a $300 dip because that would have taken us dangerously close to going below $3,000 which would obviously have been a new bottom.

I don’t blame people for being happy about seeing a bit of green.

[mirakal]

West turned toward China due to cheap labor. China benefitted in terms of the Financial and ruined Environment. Now China moving to  Africa due to cheap labor and wanna save the environment in their backyard. In a decade or so Africa will get a benefit financially and my Chinese friends will discuss in zhihu why Africa is so polluted.

Nice one !

China is taking advantage of their power and that's not illegal so it's a good move. 
They always have in return for everything they offer.

Win-Win for everyone except the environment.

I would not call it a win-win, I would not allow this if I am Africa.

[VB1001]

Grin listed in Bittrex.

https://twitter.com/BittrexIntl/status/1094178101284794368

[Cryptotourist]

Mornigz.

The question we must answer to is How to take profits from anything whether is legal or scam in legal way.

Sure, get in a scam 'legally' (because you are not the scammer), but make sure to support & make money along with the scammer on other people's backs.
How cool is that? My poor rebal15...

#

'Snake' might be being somewhat overly generous, tho.

Not if it's a baby snake. Mini snake. Sorry, micro. Fuck it, nano snake.

[mirakal]

Grin listed in Bittrex.

https://twitter.com/BittrexIntl/status/1094178101284794368

Great news, maybe the reason why price increase at 40.42% today.

Next stop, Binance? 

[Arriemoller]

Gave you my last merit for that.

[Cryptotourist]

Gave you my last merit for that.

#

Next stop, Binance?