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

[rdbase]

looking pretty ugly

Yes.
We are back to square one when the bulls were on the run around a week ago.
$5000 right on the dot. Isnt that a strange price to see it hit and stay there.

[1679389148]

1679389148

[1679389148]

1679389148

[1679389148]

1679389148

[BTCMILLIONAIRE]

Your taxes helped poor people and an overwhelming amount of illegal aliens get basic healthcare!?

FTFY. Would rather have put ACA money into building the wall, to mitigate the arguable open border and flood of illegal immigration we are dealing with.

Also, I draw the line at my tax dollars being used for third trimester abortions, in the name of "basic healthcare".

Hi Bob

Many of the illegal immigrants are primarily entering the US for jobs.   If you turn off the jobs tap, then many will not come. It will be very effective immigration control.

Do you support making it illegal to employ illegal immigrants, with jail time for US employers who violate the law?

I don't know about jail time. Do illegals go to jail for immigrating illegally? (I really don't know.)

But yes, I certainly agree with legal penalties for employers who employ illegals. Be it substantial financial penalties (not just a tiny tap on the wrist like with banks & co), jail time, or whatever else curbs the issue.


Either we have social securities or we have no borders. Can't have both, at the very least not until the entire world is similarly productive.

[BTCMILLIONAIRE]

I want to be quite clear here.  

Would you both support effective US immigration controls even if it causes a recession and wipes out many family businesses?

Edit:  they shut down illegal immigration in Australia (mostly Pacific Islands) and the farmers rioted because they had no one to pick the harvest.  It will be a hell of a fight in the US as well if immigration is turned off.  

Maybe give the jobs to a bunch of kids? I'm sure some of them will be happy to earn some pocket money, and learn some lessons in the process. Or is "child labour" really that bad when it's voluntary? I quite enjoyed working the gardens and farms as a kid and I certainly wasn't being exploited.

[BTCMILLIONAIRE]

Do you want a monthly statistic in WO?

Hi I like this.  But it would be great to take it back as far as possible, so we can compare price growth and post count and see if a possible leading indicator. 

If this is the objective, an quote of the historical and an quote of the current year, published on the 1st of each month.

First I want to know if this information is interesting in the WO thread.

Thx.

Yes. It is. I don't have any merit left to send your way though, but I see others have you covered.

[Paashaas]

Image of global IQ score, kinda sad how Africa lacks behind badly in education if you compare it with Japanese people.

Not that i am that intersted in how high somebody's IQ is, EQ (emotional intelligence) is more important imo.

[Syke]

Now there's a proper wall at $4780 on Stamp.

[BTCMILLIONAIRE]

Your taxes helped poor people and an overwhelming amount of illegal aliens get basic healthcare!?

FTFY. Would rather have put ACA money into building the wall, to mitigate the arguable open border and flood of illegal immigration we are dealing with.

Also, I draw the line at my tax dollars being used for third trimester abortions, in the name of "basic healthcare".

Yeah right... 



A purported black gay man complaining that other socially marginalized people are getting too many societal protections, including access to basic life choices.

The irony.. the irony.

I was not aware that you were a racist JJG.

[BTCMILLIONAIRE]

A simple fact:

in 1975 the minimal wage was $5.15 EDIT: looked at a wrong reference, apparently it was $2.10/hr in 1975, which is $9.9 now
in 2019 the minimal wage is $7.25

Well, $5.15 2.1 adjusted for inflation would be $24.33 9.9 today, so $15 number is not crazy.

Bob surely produces mixed messages (like paying 1% for 7 fig btc tx is OK, but $15/hr for MickeyD is too much).
The rich are different..., but I liked him more during drinking period...

I would pay 1% of any amount if it meant making sure that I won't lose it. If all other exchanges were Mt. Gox then even 5% could be preferable. It's called an insurance.

I don't see the connection to the minimum wage, which is a function of productivity and income?

[BTCMILLIONAIRE]

Please let STFU Thursday JJG kindly flow into STFU Friday JJG

Just a friendly WO suggestion.

I'm starting to get it now. Guess it took me longer because I barely skimmed so many of his posts due to the oversupply of redundancy.

[BTCMILLIONAIRE]

The point about a $15 wage demand at McDonalds, leading to workers being replaced with $35k kiosks, was an example of capitalism and the free market responding to stimulus.

I do automation for a living and am all for $35k kiosks. I also understand well the limits of automation and the need for humans to mop up any deviations.  

The minimum wage in Australia is A$22 which is US$15.60. We have full employment here in Australia (5% unemployment rate).  

If your business is so shit you can’t afford to pay a living wage, then you deserve to go out of business. I’m looking at you, Walmart.

Point in case for the farmer and illegal worker conundrum.

[Biodom]

I don't see the connection to the minimum wage, which is a function of productivity and income?

Historically, there was a connection between productivity and income, but it largely disappeared in the last 45 years or so.
These are the facts:
Productivity change 1973-2017: 77%
Hourly pay during the same period: 12.4%
https://www.epi.org/productivity-pay-gap/

I don't care what causes this, but it can't be sustainable much longer.

[BTCMILLIONAIRE]

I believe minimum wage is morally wrong because it makes it illegal for you to sell your labor for under a certain price.

Likely you misspoke, here.  Morally wrong and illegal are two different things.

Likely you misread Lambie... Minimum wages makes ilegal to work being paid less than that... and it is morally wrong to impose such limitation because it ends up in more unemployment and bars from working (and being paid *anything*) people that do not produce/deserve more than that. I do agree... with some reserves though.

I doubt that I misread or misunderstood Lambie...

Minimum wage brings an attempt at a balancing of interests, and sometimes those interests are not very well balanced, but whether something is immoral or illegal tend to be different questions, and sometimes might overlap.. but they are a bit different categories of consideration.

You seem to be misreading or misunderstanding quite a number of post. I've seen you do it with my own posts, with jbreher's posts and now with Lambie's post (even after your display of illiteracy was pointed out to you by bitserve). Perhaps spend more time reading and less time writing?

I don't see the connection to the minimum wage, which is a function of productivity and income?

Historically, there was a connection between productivity and income, but it largely disappeared in the last 45 years or so.
These are the facts:
Productivity change 1973-2017: 77%
Hourly pay during the same period: 12.4%
https://www.epi.org/productivity-pay-gap/

I don't care what causes this, but it can't be sustainable.

That's a different topic altogether. I don't see the connection between paying 1% on Gemini vs not wanting a minimum wage. One is an insurance, the other is determined based on how much value they add as well as how replaceable the worker is (supply vs demand).

As far as the productivity gap goes. Workers are more productive because of the tools the business owners acquire for their use. As such, the numbers are inaccurate for any worker that does not buy their own tools to use in the business.

[JayJuanGee]

Your taxes helped poor people and an overwhelming amount of illegal aliens get basic healthcare!?

FTFY. Would rather have put ACA money into building the wall, to mitigate the arguable open border and flood of illegal immigration we are dealing with.

Also, I draw the line at my tax dollars being used for third trimester abortions, in the name of "basic healthcare".

Yeah right... 



A purported black gay man complaining that other socially marginalized people are getting too many societal protections, including access to basic life choices.

The irony.. the irony.

I was not aware that you were a racist JJG.

Your evidence?  I might have to roll my eyes at you too...



What a goofball!!!!  or would retarded be a better assertion, here?

hahahahaha   

[BTCMILLIONAIRE]

Your taxes helped poor people and an overwhelming amount of illegal aliens get basic healthcare!?

FTFY. Would rather have put ACA money into building the wall, to mitigate the arguable open border and flood of illegal immigration we are dealing with.

Also, I draw the line at my tax dollars being used for third trimester abortions, in the name of "basic healthcare".

Yeah right...  


A purported black gay man complaining that other socially marginalized people are getting too many societal protections, including access to basic life choices.

The irony.. the irony.

I was not aware that you were a racist JJG.

Your evidence?  I might have to roll my eyes at you too...


What a goofball!!!!  or would retarded be a better assertion, here?

hahahahaha  

The way in which you spam smileys and repeatedly fail to distill the content of posts made by numerous people as well as the fact that your walls of text are generally the same poor points rephrased several times implies very little hope for you if I was truly to be retarded.

Also, calling third trimester abortions "basic life choices" depicts you as a degenerate of the highest order.

[Biodom]

I believe minimum wage is morally wrong because it makes it illegal for you to sell your labor for under a certain price.

Likely you misspoke, here.  Morally wrong and illegal are two different things.

Likely you misread Lambie... Minimum wages makes ilegal to work being paid less than that... and it is morally wrong to impose such limitation because it ends up in more unemployment and bars from working (and being paid *anything*) people that do not produce/deserve more than that. I do agree... with some reserves though.

I doubt that I misread or misunderstood Lambie...

Minimum wage brings an attempt at a balancing of interests, and sometimes those interests are not very well balanced, but whether something is immoral or illegal tend to be different questions, and sometimes might overlap.. but they are a bit different categories of consideration.

You seem to be misreading or misunderstanding quite a number of post. I've seen you do it with my own posts, with jbreher's posts and now with Lambie's post (even after your display of illiteracy was pointed out to you by bitserve). Perhaps spend more time reading and less time writing?

I don't see the connection to the minimum wage, which is a function of productivity and income?

Historically, there was a connection between productivity and income, but it largely disappeared in the last 45 years or so.
These are the facts:
Productivity change 1973-2017: 77%
Hourly pay during the same period: 12.4%
https://www.epi.org/productivity-pay-gap/

I don't care what causes this, but it can't be sustainable.

As far as the productivity gap goes. Workers are more productive because of the tools the business owners acquire for their use. As such, the numbers are inaccurate for any worker that does not buy their own tools to use in the business.

This does not explain why in 1950-1973 period two graphs coincided.
A simpler explanation would be that after 1973 economy get "financialized" and a larger slice of production gains (in %) went into the pocket of financiers, CEOs, etc.
Perhaps it is a natural law, but then 1789 is a natural law as well. Do we want a repeat? I hope, not.
Pauperizing workers cannot end in anything even remotely good down the pike.
Can it last another 50 years?
Maybe, but i hope to be out of the workforce, politics, etc one way or another well before that.

[JayJuanGee]

[edited out]

You seem to be misreading or misunderstanding quite a number of post. I've seen you do it with my own posts, with jbreher's posts and now with Lambie's post (even after your display of illiteracy was pointed out to you by bitserve). Perhaps spend more time reading and less time writing?

Aren't you the expert, now.   Says that didn't read my posts, but knows how to sum them up.  Whoaza!!!

I will let my posts speak for themselves..     

[BTCMILLIONAIRE]

[edited out]

You seem to be misreading or misunderstanding quite a number of post. I've seen you do it with my own posts, with jbreher's posts and now with Lambie's post (even after your display of illiteracy was pointed out to you by bitserve). Perhaps spend more time reading and less time writing?

Aren't you the expert, now.   Says that didn't read my posts, but knows how to sum them up.  Whoaza!!!

I will let my posts speak for themselves..     

I read enough of them to know that you think that killing babies is a "basic life choice".

[JayJuanGee]

Your taxes helped poor people and an overwhelming amount of illegal aliens get basic healthcare!?

FTFY. Would rather have put ACA money into building the wall, to mitigate the arguable open border and flood of illegal immigration we are dealing with.

Also, I draw the line at my tax dollars being used for third trimester abortions, in the name of "basic healthcare".

Yeah right...  


A purported black gay man complaining that other socially marginalized people are getting too many societal protections, including access to basic life choices.

The irony.. the irony.

I was not aware that you were a racist JJG.

Your evidence?  I might have to roll my eyes at you too...


What a goofball!!!!  or would retarded be a better assertion, here?

hahahahaha  

The way in which you spam smileys and repeatedly fail to distill the content of posts made by numerous people as well as the fact that your walls of text are generally the same poor points rephrased several times implies very little hope for you if I was truly to be retarded.

Also, calling third trimester abortions "basic life choices" depicts you as a degenerate of the highest order.

look who woke up on the wrong side of the bed...

[JayJuanGee]

[edited out]

You seem to be misreading or misunderstanding quite a number of post. I've seen you do it with my own posts, with jbreher's posts and now with Lambie's post (even after your display of illiteracy was pointed out to you by bitserve). Perhaps spend more time reading and less time writing?

Aren't you the expert, now.   Says that didn't read my posts, but knows how to sum them up.  Whoaza!!!

I will let my posts speak for themselves..     

I read enough of them to know that you think that killing babies is a "basic life choice".

Look at you.... trying to goad me into nonsense.

You can't even believe that.   

[HairyMaclairy]

As far as the productivity gap goes. Workers are more productive because of the tools the business owners acquire for their use. As such, the numbers are inaccurate for any worker that does not buy their own tools to use in the business.

The productivity tool is a laptop which costs perhaps $1k.  It is neither here nor there who buys the laptop - it’s only $1k.   It is what you do with the laptop that matters.