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

[lightfoot]

https://www.businessinsider.com/robinhood-trading-downtime-outage-second-day-backlash-2020-3?r=US&IR=T

The Robinhood app has had two major outages over a couple of days just as things are at their most volatile. Lots of talk of class actions on r/wallstreetbets.

Watch that centralisation, kids.

People who use RobinHood and other tools in a basically rigged market deserve what they get.

Goodness, Dow went down 785 points today. Such faith in the markets, wonder what will happen next.....

[gentlemand]

Goodness, Dow went down 785 points today. Such faith in the markets, wonder what will happen next.....

Another wonderful rate cut tomorrow of course to er... erm...

Fifty dollars in the post to every household.

[lightfoot]

Goodness, Dow went down 785 points today. Such faith in the markets, wonder what will happen next.....

Another wonderful rate cut tomorrow of course to er... erm...

Fifty dollars in the post to every household.

Commie! Sending money to everyone would be a commie trick. What you need to do is send every person with at least 1 million in assets another million in assets. Those people are wise stewards of money and will know best how to distribute it using the trickle down method.

This will result in the citizens getting showers of gold from on high WITHOUT it coming from the "government". Yes, the common man will come to love golden showers.....

[gentlemand]

Commie!

Says the man raised on government cheese.

They should try it once. Should be fun. They can pretend it's from Bill Gates.

[jojo69]

Had a hell of a bad day today. The topping of all was a marten killing one of our chickens, and the kids found it. Some infant's tears later, i had to fix the compound for about two hours in pouring rain and set up a trap. I spare you all the other ugly details of this disaster tuesday.
Feels good to hang around and backread a whole day of WO. Feels like home²  
Hope your day was better, y'all.

The corn didn't even move so much. Unusual, when i am busy with RL. A strange day, indeed.

That's always hard.

Last one we lost I had the satisfaction of doing battle with the racoon up in a maple tree a few days later.  Motherfucker got stabbed pretty good and knocked about 12M to the ground.  I doubt he died, but he never came back.

Felt good to avenge my lady.

[OutOfMemory]

Had a hell of a bad day today. The topping of all was a marten killing one of our chickens, and the kids found it. Some infant's tears later, i had to fix the compound for about two hours in pouring rain and set up a trap. I spare you all the other ugly details of this disaster tuesday.
Feels good to hang around and backread a whole day of WO. Feels like home²  
Hope your day was better, y'all.

The corn didn't even move so much. Unusual, when i am busy with RL. A strange day, indeed.

That's always hard.

Last one we lost I had the satisfaction of doing battle with the racoon up in a maple tree a few days later.  Motherfucker got stabbed pretty good and knocked about 12M to the ground.  I doubt he died, but he never came back.

Felt good to avenge my lady.

I can feel you #nohomo
For my part, i promised my wife to set the four footed killer free, in the wild. She even suggested leaving 2 eggs per day outside the compartment, so it doesn't attack the chickens (uhm... yeah?)  
Mofo will go swimming, with a stone at least four times its own weight. I will spontaneously decide if i knock him out before, because of mercy'n stuff. I have seen enough blood today. I like it clean and the fish will be happy about a nice extra dinner. The leftover corpse of the victim is prepared for the fox, he should have taken it already.
It's a win-win-lose-lose. Fair enough, imo.

[BTCMILLIONAIRE]

Risk is a statistical measure, e.g. the expected loss of a strategy, asset or portfolio.

Not quite. Its the probability that a gain or a loss will differ significantly from what is expected.

This debate caught my interest, so I've looked through Wikipedia and glanced through Investopedia, but I haven't found an unequivocal statement about risk being a probability (pure number) or an expectation (currency units). No clear cut equation anywhere. Some pages say only downside enters the calculation, which would make a negative outcome impossible.

As a layman, I'm left thinking that the unqualified term 'risk' isn't well suited to numerical discussion. Other more precisely defined quantities might be better for that.

See e.g. here under "Expected Loss". Shows the general definition of risk and shows some particular examples such as quadratic loss, or MSE.

https://en.wikipedia.org/wiki/Loss_function

This is pretty much canon in Mathematical Statistics, Finance and where ever else you work with statistics and noise. And since it's an integral it is always a number.

[cAPSLOCK]

Never seen so much panic about most likely nothing too horrific

Now extrapolate to the entire world being infected. Cause that's the most likely scenario. Show us the numbers.

People look at a single part of a thing... end up missing the totality.  It's not the death rate (which is high for a fucking cold), it's the R0.

And then it's the second order effects.

Those two are what make this unique, and a threat.

[BTCMILLIONAIRE]

Which is exactly why there is no reason for the boomers here to be butthurt when I talk about how they all deserve to die.

Altogether too true. Inasmuch as we are human. Life extension tech is unlikely to reach escape velocity in our lifetimes. You deserve to die too, motherfucker.

(In my most benevolent paternalistic voice...)

Wouldn't be so sure about that. It doesn't need to reach escape velocity anytime soon either, as long as it becomes good enough to prolong a little bit every so often.

[BTCMILLIONAIRE]

This debate caught my interest, so I've looked through Wikipedia and glanced through Investopedia, but I haven't found an unequivocal statement about risk being a probability (pure number) or an expectation (currency units). No clear cut equation anywhere. Some pages say only downside enters the calculation, which would make a negative outcome impossible.

As a layman, I'm left thinking that the unqualified term 'risk' isn't well suited to numerical discussion. Other more precisely defined quantities might be better for that.

This:

In risk analysis, risk is traditionally defined as a function of probability and impact. The probability is the likelihood of an event occurring and the consequences, to which extent the project is affected by an event, are the impacts of risk.

It's very "numerical"... but, of course, the subjectivity lies on assigning proper values for both probability and impact.

Impact is easy, just make everything up like we have been on the WO. Probabilities of all the impacts are hard. Very hard.

[cAPSLOCK]

"who's" is one syllable. Fix it by "Who is your daddy ?"

Also in poem form:

+1 WO's merit

#

Her daddy or not,
Never wank with dirty hands,
And flush when you're done.

#haiku

+2 WO's merit

#

Congratulations
Your syllables are correct
Haiku perfection

+3 WO's merit

Fucking WO merit debt inflation.

"Roses are red, violets are blue, all wanna know is wut dat mouf do".

Never just numbers
The beauty and the wisdom
From a man's soul... spring.

[cAPSLOCK]

While I am a big adherent to Hanlon's razor, I find that my suspension of disbelief is increasingly unwilling to explain the manifest ineptitude of governments around this contagion by mere stupidity.

Unfortunately I have had the same line of thought.

[xhomerx10]

While I am a big adherent to Hanlon's razor, I find that my suspension of disbelief is increasingly unwilling to explain the manifest ineptitude of governments around this contagion by mere stupidity.

Unfortunately I have had the same line of thought.

 What do you think about getting rid of that white space?

[Lambie Slayer]

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. 

TLDR: Its BTCull $eason for realz.

[dragonvslinux]

While I am a big adherent to Hanlon's razor, I find that my suspension of disbelief is increasingly unwilling to explain the manifest ineptitude of governments around this contagion by mere stupidity.

Unfortunately I have had the same line of thought.

 What do you think about getting rid of that white space?

Save image -> as jpg -> as png

[jbreher]

Which is exactly why there is no reason for the boomers here to be butthurt when I talk about how they all deserve to die.

Altogether too true. Inasmuch as we are human. Life extension tech is unlikely to reach escape velocity in our lifetimes. You deserve to die too, motherfucker.

(In my most benevolent paternalistic voice...)

Wouldn't be so sure about that. It doesn't need to reach escape velocity anytime soon either, as long as it becomes good enough to prolong a little bit every so often.

Correct. Not so sure. Hence, "unlikely".

[Hueristic]

[CBC]Apple will pay up to $500 million US to settle slow iPhone lawsuit

https://www.cbc.ca/news/business/apple-will-pay-up-to-500-million-us-to-settle-slow-iphone-lawsuit-1.5482313

[jojo69]

Is that the deal where they pushed an update to gimp the old phones when the new ones came out and said it was to save battery?

[Hueristic]

Yep.

[xhomerx10]

[CBC]Apple will pay up to $500 million US to settle slow iPhone lawsuit

https://www.cbc.ca/news/business/apple-will-pay-up-to-500-million-us-to-settle-slow-iphone-lawsuit-1.5482313

  Man, those lawyers are virtually selfless.  God bless them all.