Biodom
Legendary
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Activity: 3696
Merit: 3782
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March 08, 2020, 11:48:22 PM |
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semi-permanent plateau that would last for at least several years.
Not a chance. The central banks can not let a deflationary period happen. If the private banks can't keep credit creation going it is the end of our modern (crony) monetary system. There will be large amounts of printing, large amounts of stimulus, and all the other nice stuff we have experienced over the last 11 years. We may experience a dip for a while, but it won't last. Market bears think otherwise (note the timing BEFORE the correction), but it's just an opinion. That dude is thinking that we will eventually (within a decade, I assume) will revisit SP500 667. That would be gruesome. So far, his thesis (laid down 20 years ago re negative bond yields) looks prescient. https://www.barrons.com/articles/s-p-500-could-test-2009-low-says-longtime-bear-1522957392and (more recent) https://www.barrons.com/articles/perma-bear-albert-edwards-sees-market-ice-age-looming-what-hes-worried-about-now-51581452731Gold, USD, CHF, BTC, digital fiat are all going to be in play. It's going to get crazy.
Man, I was so down to spending the next few years just working and, hopefully, getting wealthier via btc investment. Freaking fourth turning, right?
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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Raja_MBZ
Legendary
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Activity: 1862
Merit: 1505
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March 08, 2020, 11:48:35 PM |
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This is not funny anymore. We're touching ~$8000.
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Ludwig Von
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March 08, 2020, 11:51:57 PM |
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Neither Biden or Sanders will be alive in November if they stay on the campaign trail.
Both are in the high risk elderly category and have serious underlying health problems (Sanders heart, Biden bood pressure (heart?)) and being on campaign trail it will be impossible to self-isolate from the SARS2 virus. Meeting with staff, public, pressing hands at fund-raisers they will be maximally exposed to social networks, it's part of the job description.
If I was a betting man I would put some money on the Democratic contender for president will NOT be Sanders or Biden, possibly someone under-60, Tulsi Gabbard? Pete Buttigieg?
Lol, I thought neither Biden or Bernie would get to the election, even without the little critter... . I would love to see Tulsi, she appears to be the only one with some sort of a brain. But I am afraid we might rather see Hillary coming like the dark witch... . Btw, if things continue as of present, Donald may also disappear before election day... . That is of course, if there will be an election day!. Now, ok, we all have one thing in common : we 're all screwed by the critter! How unifying that is!
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Elwar
Legendary
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Activity: 3598
Merit: 2384
Viva Ut Vivas
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March 08, 2020, 11:52:44 PM |
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Pity I missed all the TP/bidet/towel/ass-shit talk, I have a feeling that I would have thrived.
Can we elaborate on disposable baby wipes, now that oil is down please? I've been using them for years.
Seriously, TP sucks. Wipe off your ass perfectly clean (so you think) with TP, and then use a baby wipe. You're welcome.
Basically it beats the shower and the hassle. Especially if your ass is hairy.
Anyway, back to COV.
Thailand may be bass ackwards but at least they have the toilet thing figured out.
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soxxx
Member
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Activity: 256
Merit: 62
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March 08, 2020, 11:57:06 PM |
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Doubt any of us anticipated this but as long as we don't fall below $6400, we will just be setting another higher low.
Just more buying opportunities, Bitcoin is the gift that keeps on giving.
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BTCMILLIONAIRE
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March 09, 2020, 12:02:54 AM |
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Remember folks, FoxNews says coronavirus is nothing to worry about. Do we live in parallel universes or something? If you truly believe that corona is anything but a non-issue then the least that you could do is point your fingers where they belong. Namely the WHO and MSM, which kept discounting corona while Trump was acting and Tucker talking about the issue in a serious manner. By the way, since you didn't seem to quite get it the first time around. You can take serious and appropriate counter-measures to an issue you believe to be irrelevant. It's called being preemptive or cautious. Hedging against the worst case scenario. Did you sell your house and all your belongings to go long on Bitcoin? No? Then clearly you don't believe in Bitcoin! Who cares about taking appropriate and measured steps! Either way, now that Trump outplayed Democrats by asking for a quarter of what he ended up getting in funding to combat corona and now that the WHO and MSM are suddenly taking the issue more seriously you somehow start pointing at Trump and Fox? https://www.youtube.com/watch?v=KBsPh1Rq0Fwhttps://www.youtube.com/watch?v=lydWQoqDNp8We have Trump acting way ahead of everyone else, and Tucker ringing the alarm bells while the rest of the world was still busy playing the SJW game. As much as I understand that you desperately want Trump out of office, I'm somewhat surprised that you would be so far departed from reality.
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somac.
Legendary
Offline
Activity: 2030
Merit: 1163
Never selling
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March 09, 2020, 12:03:46 AM |
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semi-permanent plateau that would last for at least several years.
Not a chance. The central banks can not let a deflationary period happen. If the private banks can't keep credit creation going it is the end of our modern (crony) monetary system. There will be large amounts of printing, large amounts of stimulus, and all the other nice stuff we have experienced over the last 11 years. We may experience a dip for a while, but it won't last. Market bears think otherwise (note the timing BEFORE the correction), but it's just an opinion. That dude is thinking that we will eventually (within a decade, I assume) will revisit SP500 667. That would be gruesome. So far, his thesis (laid down 20 years ago re negative bond yields) is prescient. https://www.barrons.com/articles/s-p-500-could-test-2009-low-says-longtime-bear-1522957392and (more recent) https://www.barrons.com/articles/perma-bear-albert-edwards-sees-market-ice-age-looming-what-hes-worried-about-now-51581452731Gold, USD, CHF, BTC, digital fiat are all going to be in play. It's going to get crazy.
Man, I was so down to spending the next few years just working and, hopefully, getting wealthier by btc investment. Freaking fourth turning, right? All sensible no doubt. But the one thing everyone fails to understand is that fiat money is just a unit a measurement and the central banks and governments effectively control this unit of measurement. If they want to change the measurement of the S&P to 10,000 points, they can do it, it is within their power. See any country with hyperinflation. That's why these permabears are only right for short periods of time, they can't grasp the corruption of it all. The problem with boosting assets though is the real economy, it doesn't care what the unit of measurement is. The real economy only cares about the real value of its components, and the real economy is made up of labor (peasants). Labor owns very few assets so having the S&P at 10,000 does not help them. Capital (rich fucks) on the other hand don't give a shit about the real economy, because they own all the assets, which, thank you central banks is at a very high level. This all equals bigger wealth divide. So the permabears are right about the real economy, but wrong about the fiat numbers/units of measurements.
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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March 09, 2020, 12:18:07 AM |
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Especially if your ass is hairy.
Hey now
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jbreher
Legendary
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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March 09, 2020, 12:38:14 AM |
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UK 206 2 0.97%
2 deaths from 206 positivies is a 0.097%. Maths is hard.
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jbreher
Legendary
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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March 09, 2020, 12:47:15 AM |
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so we're all selling our bitcoins right?
Buying.
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BTCMILLIONAIRE
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March 09, 2020, 12:55:06 AM |
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so we're all selling our bitcoins right?
Buying. You should be buying real gold and precious metals instead of fairy dust. Where did Roach go?
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sirazimuth
Legendary
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Activity: 3304
Merit: 3407
born once atheist
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March 09, 2020, 12:55:31 AM |
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UK 206 2 0.97%
2 deaths from 206 positivies is a 0.097%. If they were using a simple spreadsheet that kind of error should not happen. That's why we can not trust any of those figures, and much less the skewed stats used as a data source. check your decimal place dude. it's .97%
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bitserve
Legendary
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Activity: 1792
Merit: 1451
Self made HODLER ✓
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March 09, 2020, 01:07:17 AM |
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UK 206 2 0.97%
2 deaths from 206 positivies is a 0.097%. Maths is hard. Lol. Yeah, that's right, what was I thinking? It is this which confused me: Region Positives Death P/D China 80652 3070 3.81% Italy 7375 366 4.96% Germany 799 0 0 Spain 500 10 0.02% US 2584 16 0.62% UK 206 2 0.97% The UK percentage is right, but it is the Spain one that is two orders of magnitude wrong.
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xhomerx10
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Activity: 3780
Merit: 7749
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March 09, 2020, 01:31:42 AM Last edit: April 15, 2020, 05:09:49 PM by xhomerx10 |
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d_eddie
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Activity: 2436
Merit: 2827
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March 09, 2020, 01:36:46 AM |
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I thought they were for cunts.
Assholes are fine too.
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Elwar
Legendary
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Activity: 3598
Merit: 2384
Viva Ut Vivas
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March 09, 2020, 01:41:27 AM |
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One thing to think about with the numbers of infected/recovered vs deaths..
I spent about 7 years doing modeling and simulations of military radio networks. We would have fake traffic passing through the network and at the end check to see the throughput.
We did a few simulations that had a short time period because it was simulating a full division battle. The results were very poor. A huge percentage of messages did not finish sending. The government would not accept such poor numbers so we were scrambling trying to figure out such low performance.
As I started combing through the failed messages I started seeing a pattern. Nothing was really blocking them, it was just that the simulation was cut off soon after they were sent (Like sending a message at 9:59 and the simulation ends at 10:00.
So I stopped all transmissions at the previous end of simulation and continued until about double the time. The throughput shot up to close to 99% (the government was satisfied with our numbers and funding continued).
There may be 1000 people infected, but the recovery takes 2-4 weeks for most people (from the time they start to show symptoms). This means that it will take about 4 weeks for those 1000 people to register as "recovered", in the mean time many more people are infected. The numbers are always shifting. Both the deaths and the number of recoveries. You need to look at the infected numbers of weeks ago and compare those to the current death and recovery numbers to get the accuracy.
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JimboToronto
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Activity: 3948
Merit: 4335
You're never too old to think young.
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March 09, 2020, 01:46:44 AM |
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Good day Bitcoinland. Seems like we've regressed to the Battle for 8 grand.
Currently we're at Eight one three six Yankee bucks (Bitcoinaverage).
Back to where we were Some time in January. Oh well, no big deal
It is still true that One bitcoin's worth one bitcoin Holders are happy...
Holding and living Happily ever after. Life is very good.
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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March 09, 2020, 02:12:43 AM |
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During the GFC, the SPX 500 fell about 55%. By comparison it is only about 15% down at the moment. So we are a bit less than a third of the way into GFC style conditions.
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Icygreen
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Activity: 1463
Merit: 1135
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March 09, 2020, 02:27:00 AM Last edit: March 09, 2020, 03:12:47 AM by Icygreen |
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How about about the bond market yeild curves? The 10 & 30 year just fell off a cliff to ATL. We may be witnessing the end of the petro dollar.
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