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

[Globb0]

Preparing to plan to prepare

[Biodom]

Ok I stand corrected.  Hard Brexit date now 12 April.

It might extend all the way to 2020, or not.
Read somewhere that UK loses 1 bil pounds a day on this.
In case of brexit, UK would probably try to become an offshore capital of the world with a focus on EU.
I see a bunch of French and maybe German money relocating there.

[HairyMaclairy]

could you not say 'pre-planning'. it's 'planning' or 'preparing'

Fair enough - the Guardian agrees with your choice of terminology.

One source with knowledge of Operation Yellowhammer made clear that while planning had stepped up, the overall picture remained chaotic and “rudderless”.

The planning appears to only run so deep, with government departments and the people who rely on them, to fend for themselves.

The classified document, seen by the Guardian, sets out the command and control structures in Whitehall for coping with a no-deal departure and says government departments will have to firefight most problems for themselves – or risk a collapse of “Operation Yellowhammer”.

“The … structure will quickly fall if too many decisions are unnecessarily escalated to the top levels that could have reasonably been dealt with internally …” the document says. It also concedes there are “likely to be unforeseen issues and impacts” of a no-deal Brexit that Operation Yellowhammer has been unable to predict.

“Central government is not providing leadership,” said the source. “At the moment we are trying to plan for everything. There is no direction of accountability. The response to a no-deal Brexit needs to be built from the bottom up.”

https://www.theguardian.com/politics/2019/mar/22/secret-cabinet-office-document-reveals-chaotic-planning-for-no-deal-brexit

The Department of Health has a handy questionnaire for health care providers to be provided every 24 hours.

“Please confirm that you can maintain business critical services until the next daily ‘sitrep’ submission is due?”
“Are you assured you can maintain urgent cancer treatments until the next daily ‘sitrep’ submission is due?” and
“Is your organisation planning to suspend any patient services until the next daily ‘sitrep’ submission is due?”

We can think of the potential partial collapse of the NHS as an opportunity for libertarians to put the word 'personal' back into 'responsibility'.  Under the circumstances, if you are dependent on medication, it is perhaps better to be an outside observer.

[Toxic2040]

idle doodles..take it how you please.

1h



On a more serious note. All this talk of cucks and sheckles from Arthur is making me wonder if he is a long lost relative of r0achs.  I know..I know..I should charge more for such vivid imagery. 

[Ibian]

Hairy are you not at all concerned that everyone in the UK is facing instant and certain death in the event of a hard brexit?

[Last of the V8s]

lol Macron bringing in the troops to quell the masses while May brings in the squaddies to ensure tea supplies are uninterrupted.
it's not even a kerfuffle, it's a storm in a teacup, and it might just be the making of her if it's spun right

i know what i would do with cancer 'patients', but I wonder if they'll ship some over to Europe and beyond to be treated

[STT]

Hey, need a quick opinion poll. Should I drive 50 km (convert it you fucking savages) to the 24/7 store to buy booze, or not?

All depends on your method of transportation.   Its the journey not the destination that really matters.    If you got the last of the great V8 superchargers to ride there and back, then its not even a question.   Dont waste time, go out and enjoy that open road.    If you gonna be stuck in LA traffic for 6 hours in a shitbox on wheels with no aircon then no, go fishing or something instead.

I think $15,000 is pessimistic.

I think of those choices 5 to 10k because as I remember it and I'm not negative exactly but on the last halvening event the majority of the gain came after.   The run up before was more like a slingshot that help to restart momentum upwards, people at that time were probably a bit disappointed and/or short sighted in thinking just the event was the target of everything.   People tend to be a bit too short term short sighted, human nature unfortunately

The manner in which UK citizens are blithely going about their daily lives without any pre-planning or taking personal responsibility for themselves in what may be a challenging period is concerning.

Its been true for some time, probably in many countries thats it been a good idea to run a personal stock pile.   With cash having no value yielded when held anywhere and inflation quite inevitable, holding the food or whatever consumer commodity as a rolling asset seems quite smart reasonable thing to do.   Only space is a problem, people could store coffee or anything really, some things are quite compact and dont really go off and are worth alot.    I can remember people discussing this in 2008, I think some still might do it but not many now.   Years later people got complacent.

  UK should be fine trading with other nations still.  Its mostly the greater latency from going around EU but Switzerland, Norway and a few others are not part of EU restrictions and still close.     I still doubt Germany wants to lose a large customer to their exporting companies, makes little sense to cut off a paying customer.    Also it makes politics look incompetent (business is always more important then talking heads), so I imagine a deal at the last hour will be done despite the various attempts to usurp and unbalance the opposition by 'rocking the boat'

Politics is often silly imo, more fun would be the Taiwan parliament throwing water balloons and chairs at each other   https://www.youtube.com/watch?v=mMvkusAI9DM

[Last of the V8s]

https://medium.com/@molnardavid84/wasabi-wallet-unfairly-private-fdae78bb8cdd
nice explanation of wasabi
(verify all downloads or clones)
edit also good
https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25

[Ibian]

https://medium.com/@molnardavid84/wasabi-wallet-unfairly-private-fdae78bb8cdd
nice explanation of wasabi
(verify all downloads or clones)

Unfortunately their UI is shit. And while the mixing fees are low, they are still fees. Can't justify it on a regular basis.

[Bitcoinaire]

It's odd that bitcoin jumped $25 in the last hour on coinbase but nowhere else, must be slippage. *shrugs shoulders*

[Last of the V8s]

It's odd that bitcoin jumped $25 in the last hour on coinbase but nowhere else, must be slippage. *shrugs shoulders*

https://status.pro.coinbase.com/ offline though  
introducing new rates lol

[Last of the V8s]

@JacobCanfield:
The real reason Calvin Ayre likes Bitcoin is because it’s 10 years old.
@keithcalder:
So does that make tomorrow Robert Mueller’s Day Off?

[JayJuanGee]

It's odd that bitcoin jumped $25 in the last hour on coinbase but nowhere else, must be slippage. *shrugs shoulders*

$4k on the cusp of being tested.... again.


Go Bitcoin!!!!!!!!!   Go!

Chew.................

Choo.

[Lambie Slayer]

https://www.reddit.com/user/aaj094

"The recent weakness of bears reminds me of a similar but reverse situation that I felt in the first week of Jan 2018 after the Christmas dump. There were some upward movements but they looked so soft and unconvincing that something felt different about them compared to earlier in 2017. There was a sense (on hindsight though) that bulls were distinctly weak and that bears could seize the moment any time. Now it is the reverse where some minor pushdowns are happening but in a very unconvincing way and suggestive that bulls are in control and will eventually take over (as did bears after mid Jan 2018)."

[Last of the V8s]

re:this

this:

https://twitter.com/DeribitExchange/status/1109099908416659457

re that

[jojo69]

jesus Hairy

and y'all accuse the other side of fear mongering

[HairyMaclairy]

Hey I’m not the one opening “no deal” command posts in nuclear bunkers !

https://www.dailymail.co.uk/news/article-6834367/Cobra-committee-takes-No-Deal-amid-moves-activate-Operation-Yellowhammer-Monday.html

The Economist has this to say:

A REFRIGERATED PLANE flying round-the-clock sallies to bring medicine to a besieged population, emergency waste centres established to deal with overflowing rubbish and martial law imposed on a restive population as the queen is whisked from the capital by helicopter to escape rioters. Leaks from the government’s preparations for a no-deal Brexit sometimes sound as if they have come from the imagination of a pulp-fiction novelist. Many Brexiteers blame the alternately frightening and farcical stories on dastardly “Remoaner” officials, working to undermine the case for leaving without a deal.

https://www.economist.com/britain/2019/02/07/no-deal-plans-become-ever-sillier-and-the-public-cant-wait

[Dabs]

Have you read the conversations about rejuvenation and halting aging we've had on the WO?

Also, what's a term insurance and how can it cover $500k over 10 years with only $30 per month? Takes 1389 years without compounding to get to $500k at that rate, so I'm kinda confused.

I may have missed the anti-aging discussion, but I think I can guess. Or rather, I have my own ideas. Proper diet. Exercise, or rather resistance training.

Term insurance is ...

You pay $30 a month. You are insured with a death benefit of $500k. Your rate does not change for 10 years. You are covered as long as you keep paying the $30 every month (put it on a credit card or your bank account or something, so it doesn't miss payments.)

So, yes, in about 10 years, you only paid $3600. If you don't die, then nothing happens. If you do die, your beneficiary (usually the spouse or children) get paid $500k.

The rates depend on your age at the time you get the policy, and some other life style factors, like if you smoke or not, but the numbers are close enough.

The insurance company makes money hoping you don't actually die, and millions of other people got the same plan and none of them die. Or you lapse on a payment and the policy is cancelled. Or you cancel it early. They have people who calculate the odds and they are called "actuaries" who make "actuarial studies".

Term insurance or term life insurance is different from permanent life insurance such as whole life, universal life, and variable universal life. And sometimes those other things have riders and/or investment add ons, or return your premiums after 20 years. But all those extras cost more. So the insurance company makes money. They don't try to sell you just term insurance.

Usually, when a client asks for term insurance, the agent doesn't even bother trying to sell you anything else (except maybe a bundle that includes your life, your car and your house) because they know you did the math already.

More details here: https://en.wikipedia.org/wiki/Term_life_insurance

I just did a sample quote from State Farm for 40 years old, 10 year term, $500k coverage. The premium is 33.94 /mo or $390.00 annually. Or $3900 over 10 years.

Awesome isn't it?

[Last of the V8s]

this is fine. probably just China de-risking

[HairyMaclairy]

Obese finger