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

[ChartBuddy]

Explanation

[El duderino_]

Back in them 30’s

[Gachapin]

I don't support his views in general, but here is an interesting opinion from Albert Edwards (the article is the opinion about his opinion piece[which is behind the paywall]):

https://fortune.com/2023/04/05/end-of-capitalism-inflation-greedflation-societe-generale-corporate-profits/

Some nuggets:
"something seems to have broken with capitalism"..in his opinion (and he referenced an academic paper) due to "...that corporations engaged in “price gouging” during the pandemic".
He has some data points to point in that direction: "To his point, a January study from the Federal Reserve Bank of Kansas City found that “markup growth”—the increase in the ratio between the price a firm charges and its cost of production—was a far more important factor driving inflation in 2021 than it has been throughout economic history."  

AE argues for price controls...puleeze, but if price gouging is true, then what to do?
He predicts that price controls would be an easy way out for governments when the middle class, angry by the decimation of their living standards (due to inflation), turns against them.

price controls...  the financial ruin of every society that has seriously tried it afaik

SEC seems to be clearing out the field for the big boys (NASDAQ, NYSE) to pounce, probably. There is another possibility, of course, but i don't want to seriously consider it.

very good point!

[Gachapin]

dip over, number go up

[BitcoinBunny]

Nice little erection.

[ChartBuddy]

Explanation

[Gachapin]

Nice little erection.

some would say:   "it's not the size that matters..."  

......yeah, sure

[philipma1957]

Nice little erection.

some would say:   "it's not the size that matters..."  

......yeah, sure

The maintainability of it is far more important than the size.

An epic 10 that fails to maintain its self is a classic flash in the pan story.

[ChartBuddy]

Explanation

[Gachapin]

Nice little erection.

some would say:   "it's not the size that matters..."  

......yeah, sure

The maintainability of it is far more important than the size.

An epic 10 that fails to maintain its self is a classic flash in the pan story.

that depends on the user...  some would rather experience a 10 once than a 3 repeatedly...

also maintainability and size can go very well together.  why see them as mutually exclusive?


Your argument is a bit like:   "a reliable slow car is better than a fast one"

I'd say:  "Depends on how fast you wanna drive. And there are reliable fast cars, as well"

whatever 
 

[ChartBuddy]

Explanation

[philipma1957]

Nice little erection.

some would say:   "it's not the size that matters..."  

......yeah, sure

The maintainability of it is far more important than the size.

An epic 10 that fails to maintain its self is a classic flash in the pan story.

that depends on the user...  some would rather experience a 10 once than a 3 repeatedly...

also maintainability and size can go very well together.  why see them as mutually exclusive?


Your argument is a bit like:   "a reliable slow car is better than a fast one"

I'd say:  "Depends on how fast you wanna drive. And there are reliable fast cars, as well"


 

If maintainability comes first (pun intended)
The 10 is better for those that can fit it.

But if the 10 fails constantly it turns into a pain in the ass. ( that pun was for bob)


You are correct in that a perfectly maintainable three would be a drag.

I was going with the idea that most  adult males fall in the five to seven zone.

Given the choice of same size you have now, but perfectly maintainable always works and delivers the goods if is far better than a ten that fails more than 50%

[Gachapin]

Musk is not only one of the biggest vaporware salesmen on earth, but also is a very skilled troll:


Canadian Broadcasting Corp said they’re “less than 70% government-funded”, so we corrected the label


https://twitter.com/elonmusk/status/1648135878454177794

[JimboToronto]

@Bitcoin_people bro this post already shared Twitter spammed by @zaki12 so please you can edit or delete this post

ftfy

[ChartBuddy]

Explanation

[JimboToronto]

“less than 70% government-funded”

Government consists of politicians and civil "servants". Do you think they reach into their wallets or bank accounts to fund anything?

It's the taxpayer who does all the funding.

[ChartBuddy]

Explanation

[xhomerx10]

“less than 70% government-funded”

Government consists of politicians and civil "servants". Do you think they reach into their wallets or bank accounts to fund anything?

It's the taxpayer who does all the funding.

 I wish we had a say in how they spend our tax dollars.

[jojo69]

 I wish we had a say in how they spend our tax dollars.

[ChartBuddy]

Explanation