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

[xhomerx10]

I think the point is we didn't know this was a thing before January. Now that we know, we can better prepare for it. Right now its spreading like wildfire, and we need to contain the spread as it is already overwhelming healthcare infrastructures worldwide.

Want to be clear here: We knew this was coming. We had dress rehearsals with SARS, MERS, and H5N1. We knew what needed to be done. We just decided not to listen, and not to prepare.

This is the logical outcome.

Sorry, but I believe strongly that Reality exists and facing one's errors is critical to ensuring they don't happen again. The problem isn't that "we didn't know" the problem is people willingly choose to ignore facts.

Bingo! All these denialists are doing is adding to the problem. If more people had listened and understood how serious this was in the beginning we wouldn't be in this fucking mess

 The initial release from the World Health Organization (Jan 9^th 2020).  Read it and weep.

 TL;DR
 "According to Chinese authorities, the virus in question can cause severe illness in some patients and does not transmit readily between people."
 "WHO does not recommend any specific measures for travellers. WHO advises against the application of any travel or trade restrictions on China based on the information currently available."

Right -- totally bizarre lapse of judgment on their part. By now you've probably seen the video of a senior advisor at WHO ignoring questions about Taiwan's handling of the illness. If you haven't, you should watch it, its weird AF:

https://twitter.com/ezracheungtoto/status/1243869774410469376

Sure, as a whole, we should have been better prepared. But we weren't. All we can do now is learn some lessons the hard way and apply this newfound knowledge the next time around.

As my dad said, "it's amateur hour everywhere." Next time we won't be so green on what to do.

 While I respect your dad, I don't have his faith in humankind - as a whole, we have an extremely short memory.
 Thanks for the link!

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[sirazimuth]

And there's a valid point to Ibian's opinion: A knife is as deadly as a bullet, but it's lighter, quicker and without any need to aim or reload.
Don't even try to start a discussion over that with me. As soon as you might read this, you're already on my ignore.

https://www.youtube.com/watch?v=4DzcOCyHDqc

I fucking hate gardening......

I would have never guessed.....

[jojo69]

- People remain at home.
- Those who are carriers can't spread the virus to other people.
- Those who don't have it can't get it.
- In total isolation with 100% follow-through rate, it would only take 14-28 days for the problem to subside completely.
- Seeing as how that is not a viable alternative, I think 60 days of fairly stringent quarantine measures is reasonable. People do have to go out to get food and supplies, and people do have to be present at workplaces to deliver them.
- Everybody else whose employment is deemed non-essential will suffer financially.
- A relatively large amount of people are going to die from inadequate medical care.

This is the best case scenario.

Do you disagree with any of these premises or conclusions?

- Shutting down the US economy for 6+ weeks will destroy a majority of small->medium businesses and raise da unemployment thru da roof

who benefits?

Anybody without 6 weeks of emergency fund probably doesn't belong in the gene pool.

I know that sounds fascist, but I didn't choose this world.

Seriously, anyone who has been deemed "non-essential" in this should think very seriously about that, who do you think they are going to choose to keep when the culling comes?

[strawbs]

Well that was a nice little spike to $6,500. I fully expect it to be tested again within the next few hours and then breakthrough to higher levels. Based entirely on nothing at all.

[nutildah]

Anybody without 6 weeks of emergency fund probably doesn't belong in the gene pool.

I know that sounds fascist, but I didn't choose this world.

You're talking about at least 80% of all American workers.

You didn't choose this world but you did choose to reveal being extraordinarily out of touch.

Anyway, right, bitcoin, almost forgot.

[sirazimuth]

oof

[AlcoHoDL]

Hey WOs!

Too many pages, too little time... In lurking mode lately.

At work they have asked me to use the 3D printer in my R&D lab to print protection equipment for COVID-19. Having mixed feelings about this. Not quite sure how practical it will be, or whether it's just a "we helped eliminate COVID-19" PR stunt.

Have any of you done any similar thing using a 3D printer? Any suggestions? I've heard good things about this (in combination with a normal mask):

https://www.prusa3d.com/covid19/

[Phil_S]

<insert meme>
...
...
You guys have gardeners?
You guys have gardens?

[Torque]

Anybody without 6 weeks of emergency fund probably doesn't belong in the gene pool.

I know that sounds fascist, but I didn't choose this world.

You're talking about at least 80% of all American workers.

You didn't choose this world but you did choose to reveal being extraordinarily out of touch.

Anyway, right, bitcoin, almost forgot.

So I guess Americans who would rather spend their free money (aka credit cards) frivolously on just about everything *except* paying down debt and building up a savings reserve are somehow "smart"?

And before you say that most don't get paid enough to do that, I know guys who make $30K/yr with a family and kids who have successfully done so. Nine times out of ten, it all comes down to one's priorities in life.

What's out of touch is to believe that your government, society, or whatever will promise that you'll have your job tomorrow. A fifth of Americans are about to lose theirs....literally a few weeks from "lowest unemployment in history!", "greatest economy evar!", and "stock market at ATH!"

https://www.cnbc.com/2020/03/30/coronavirus-job-losses-could-total-47-million-unemployment-rate-of-32percent-fed-says.html

[Toxic2040]

A quick snapshot of the market this morning with some new short fibs and areas of interest. #dyor


1h


4h

#stronghands

[jojo69]

Anybody without 6 weeks of emergency fund probably doesn't belong in the gene pool.

I know that sounds fascist, but I didn't choose this world.

You're talking about at least 80% of all American workers.

You didn't choose this world but you did choose to reveal being extraordinarily out of touch.

Anyway, right, bitcoin, almost forgot.

look

I don't have the big diesel truck, I don't have the fancy smartphone with the big data plan, I don't have the 50" TV with subs to all the streams.

I do have the emergency fund.

People made their own choices what they were going to use their money for.

The ones who are "out of touch" are the ones that thought they could keep spending at or beyond their means and think that nothing bad would happen.

If that category of retards is 80%, so be it.

[bitcoinPsycho]

Dave Ramsey would be proud 

[jojo69]

Dave Ramsey would be proud 

well, except for the bitcoin part

Dave don't like him no bitcoin.

[bitcoinPsycho]

Dave Ramsey would be proud  

well, except for the bitcoin part

Dave don't like him no bitcoin.

I know.  It's so sad
https://www.daveramsey.com/blog/quick-guide-to-your-emergency-fund


He also have a dark secret.
"Better than I deserve"

[nutildah]

look

I don't have the big diesel truck, I don't have the fancy smartphone with the big data plan, I don't have the 50" TV with subs to all the streams.

I do have the emergency fund.

People made their own choices what they were going to use their money for.

The ones who are "out of touch" are the ones that thought they could keep spending at or beyond their means and think that nothing bad would happen.

If that category of retards is 80%, so be it.

Certainly some people are in that situation because of spending beyond their means. Most people on the other hand hustle just to cover basic expenses. Living in America ain't cheap.

Some people recently out of work here are already contemplating suicide out of shame for not being able to feed their families. Were they over-spenders? Hell no. They lived broke, and they will die broke. Just like millions of Americans.

Dismissing 80% of the American population as being frivolous in their spending habits is lazy.

[lightfoot]

Anybody without 6 weeks of emergency fund probably doesn't belong in the gene pool.

I know that sounds fascist, but I didn't choose this world.

Seriously, anyone who has been deemed "non-essential" in this should think very seriously about that, who do you think they are going to choose to keep when the culling comes?

Since companies are people I agree 1000%: Any company without 6 weeks of reserves deserves to close immediately and be bought by people who are smarter.

[bitserve]

look

I don't have the big diesel truck, I don't have the fancy smartphone with the big data plan, I don't have the 50" TV with subs to all the streams.

I do have the emergency fund.

People made their own choices what they were going to use their money for.

The ones who are "out of touch" are the ones that thought they could keep spending at or beyond their means and think that nothing bad would happen.

If that category of retards is 80%, so be it.

Certainly some people are in that situation because of spending beyond their means. Most people on the other hand hustle just to cover basic expenses. Living in America ain't cheap.

Some people recently out of work here are already contemplating suicide out of shame for not being able to feed their families. Were they over-spenders? Hell no. They lived broke, and they will die broke. Just like millions of Americans.

Dismissing 80% of the American population as being frivolous in their spending habits is lazy.

So they lived broke all their life, yet they decided they could afford to have kids (which is probably one of the more expensive decisions a person can make)... and you say they are not over-spenders?

[nutildah]

So they lived broke all their life, yet they decided they could afford to have kids (which is probably one of the more expensive decisions a person can make)... and you say they are not over-spenders?

Nobody thinks they are going to be poor their entire lives.

This quote comes to mind:

“Socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires.” - Ronald Wright

Poor people have children because they want someone to take care of them when they get old -- doesn't seem like too much to ask.

Having said that, Catholic cultures in large do produce entirely too many offspring. They are afraid some of them are going to die along the way - and they usually do - but they still manage to overcompensate. Must be the whole anti-abortion, no condoms thing.

[JimboToronto]

I don't have the big diesel truck, I don't have the fancy smartphone with the big data plan, I don't have the 50" TV with subs to all the streams.

I do have the emergency fund.

People made their own choices what they were going to use their money for.

The ones who are "out of touch" are the ones that thought they could keep spending at or beyond their means and think that nothing bad would happen.

You forgot the biggie - debt.

Also, job dependency and premature consumerism.

People have been so brainwashed into getting a job, a car loan, a mortgage and a credit card that it's no wonder they have no savings.

Smart people save before spending.

[jojo69]

Dismissing 80% of the American population as being frivolous in their spending habits is lazy.

Well, I don't want to come off as lazy, so I will up the ante to 95%.

That should cover the folks buying boats and RVs instead of solar panels and farmland.