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

[El duderino_]

Just been working out 🏋️‍♀️ with the classic good music and Arnold Schwarzenegger motivation speech

Love that man #nohomo

 

[Febo]

https://twitter.com/100trillionUSD/status/1249286522991456259

Government debt as percent of GDP

https://www.google.com/publicdata/explore?ds=ds22a34krhq5p_&met_y=gd_pc_gdp&idim=country_group:eu&hl=en&dl=en

Bitcoin is your friend.

Problem is that when GDP shrinks as it drastically will now because of Covid-19 lock ins. Then this old debt % increase. And then you add new debts that will governments make since there is less income and even increased costs and most likely this debt as percent of GDP in most countries will double.

This is old news VB1001.
These figures are from 2017.
In 2019 Italy DEBT/GDB is 134.8%.
but this already old, due to coronavirus impact:
https://www.reuters.com/article/italy-ratings-scope/update-1-italys-debt-to-gdp-could-easily-top-145-scope-ratings-idUSL8N2BJ8MH

145% to 160% forecast for 2020.

Brace yourself. (speaking to me, actually).

Countries that managed to increase debt from 2017 to 2019 are extremely delusional. In that time country debt should be decreased by 10% or more. It was the only time to do it. In next years it is natural that will increase.  

[JayJuanGee]

damsel in distress

Very disappointing story.    

Speaking of sad and disappointing story.  

Mr Dick has a sad story, his hairs are messy. Close family is nuts, his neighbour is called asshole. Best friend is pussy and to make everything worse his owner beats him almost everyday. #Nohomo

Surely, we have to expect a certain amount of devolution in our discourse, especially given that this is the WO.


But we gotta be getting close to the bottom of all this...  no?


I'm thinking possibly UPpity from here......     Yet, I remain unsure...... 50/50, anyone?  Can we go lower?  Is it possible?

[xhomerx10]

https://twitter.com/100trillionUSD/status/1249286522991456259

Government debt as percent of GDP

https://www.google.com/publicdata/explore?ds=ds22a34krhq5p_&met_y=gd_pc_gdp&idim=country_group:eu&hl=en&dl=en

Bitcoin is your friend.

This is old news VB1001.
These figures are from 2017.
In 2019 Italy DEBT/GDB is 134.8%.
but this already old, due to coronavirus impact:
https://www.reuters.com/article/italy-ratings-scope/update-1-italys-debt-to-gdp-could-easily-top-145-scope-ratings-idUSL8N2BJ8MH

145% to 160% forecast for 2020.

Brace yourself. (speaking to me, actually).

 The colour red causes a physiological response in the viewer driving up metabolic rate, blood pressure and respiration.  It's just numbers on a page.  HODL.

[Last of the V8s]

Looks like we have to ban colors too now

[Cryptotourist]

Looks like we have to ban colors too now

Sure, right before we ban breathing.
Oh wait...

[xhomerx10]

Looks like we have to ban colors too now

 Have to ban numbers as well; the countries with the lowest numbers are also the poorest countries.  Ain't nobody clamoring for entry to Romania, Estonia, Russia, Bulgaria, Turkey, Ireland...

[lightfoot]

So, been thinking pretty hard...


When exactly did we go from dystopian fiction being cautionary to being a fait accompli?

When people realized that they could take actions and get others to pay the consequences.

Clearly, Orwell intended his work as a cautionary tale. Emerging from the trauma of World War II, visions of totalitarian futures in fiction and film seemed to offer the viewer the chance to redeem the past by deciding how not to make the future. But somewhere, we lost our way.

Now, the trope of "the future" includes militarized cops and ubiquitous surveillance by default. Endless war and increased alienation from nature.

To quote Rick Sanchez: "God Damnit, when did this shit become the default?"

We can yet take 1984 as a warning, not as an eventuality.

The rest of this noise is bullshit.

To be brutally honest, this seems more of an episode of Atlas Shrugged than 1984. I read both books in the 1980's when I was a kid and recently re-read them. A.S. is truly a epic pile of crap with a very good concept:

What would happen if you could get other people to take the blame/responsibility for one's actions?
What would happen if people then stopped taking the blame/responsibility for the actions of others?

Objective Reality is not something that can be avoided, but it is possible to sacrifice another person so you can flout it.

I think that is where we are now: People want to make up their own fantasy worlds and show their strength not by producing or being a good person but by proving that reality no longer applies to them. They do this by sacrificing other people and have managed to get it to the point where other people do it willingly because of either guilt or fear that "if we don't work with these people, and give them what they want, things will get worse (tm)".

Yes the romantic subplots are crap and I have yet to see the greatest toilet plumber show up in Galt's Gulch. But the underlying concept is still quite interesting and a lot more rational than the sheer torture for the hell of it goal of 1984.

[xhomerx10]

 You need to de-stress.  Colour some eggs with me

I would really like to do that homer, very much so. Amazing work yet unsurprising considering your other artistic talents. Is it sitting on a piece of nori?

+5 WOsMerit's

 Not nori but it is edible - beeswax.  You layer the colours and put a coat of wax in over each colour where you want it to stay and then wash off the colour once the wax is applied.  It's time consuming but the result is satisfying.

Surely makes you feel MOAR better while eating the egg.

 I'm one step ahead of you for a change Mr. JayJuanGee.  I already ate the contents of the egg which I coloured with some diced red onion, sweet red pepper and a dash of Tabasco.

edit: you can see, it floats as I wash off the green colour

[JimboToronto]

Good morning Bitcoinland.

Still under $7k... currently $6767USD/$9456CAD (Bitcoinaverage).

Last 3 mondays we had nice rallies.  It's not too late to make it 4 in a row.

Go Bitcoin go.

the countries with the lowest numbers are also the poorest countries.  Ain't nobody clamoring for entry to Romania, Estonia, Russia, Bulgaria, Turkey, Ireland...

Ireland is actually one of the richest countries in the world, ahead of any country in the western hemisphere.

https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita

[JayJuanGee]

 You need to de-stress.  Colour some eggs with me

I would really like to do that homer, very much so. Amazing work yet unsurprising considering your other artistic talents. Is it sitting on a piece of nori?

+5 WOsMerit's

 Not nori but it is edible - beeswax.  You layer the colours and put a coat of wax in over each colour where you want it to stay and then wash off the colour once the wax is applied.  It's time consuming but the result is satisfying.

Surely makes you feel MOAR better while eating the egg.

 I'm one step ahead of you for a change Mr. JayJuanGee.  I already ate the contents of the egg which I coloured with some diced red onion, sweet red pepper and a dash of Tabasco.

edit: you can see, it floats as I wash off the green colour

Oh my!!!

[strawbs]

Looks like we have to ban colors too now

 Have to ban numbers as well; the countries with the lowest numbers are also the poorest countries.  Ain't nobody clamoring for entry to Romania, Estonia, Russia, Bulgaria, Turkey, Ireland...

Not entirely, Scandinavian countries are amongst the richest.

[VB1001]

https://twitter.com/100trillionUSD/status/1249286522991456259

Government debt as percent of GDP

https://www.google.com/publicdata/explore?ds=ds22a34krhq5p_&met_y=gd_pc_gdp&idim=country_group:eu&hl=en&dl=en

Bitcoin is your friend.

This is old news VB1001.
These figures are from 2017.
In 2019 Italy DEBT/GDB is 134.8%.
but this already old, due to coronavirus impact:
https://www.reuters.com/article/italy-ratings-scope/update-1-italys-debt-to-gdp-could-easily-top-145-scope-ratings-idUSL8N2BJ8MH

145% to 160% forecast for 2020.

Brace yourself. (speaking to me, actually).

Ja, ja, I knew it, the news is not old, the news as you can see is from Plan B, I have looked for an updated map (just like you ) but there is none, so ... I have left the map of the article original
Soon we will be several countries passing 100%. Italy will not be the only one, we have bad managers in all governments.

[fillippone]

https://twitter.com/100trillionUSD/status/1249286522991456259

Government debt as percent of GDP

https://www.google.com/publicdata/explore?ds=ds22a34krhq5p_&met_y=gd_pc_gdp&idim=country_group:eu&hl=en&dl=en

Bitcoin is your friend.

This is old news VB1001.
These figures are from 2017.
In 2019 Italy DEBT/GDB is 134.8%.
but this already old, due to coronavirus impact:
https://www.reuters.com/article/italy-ratings-scope/update-1-italys-debt-to-gdp-could-easily-top-145-scope-ratings-idUSL8N2BJ8MH

145% to 160% forecast for 2020.

Brace yourself. (speaking to me, actually).

Ja, ja, I knew it, the news is not old, the news as you can see is from Plan B, I have looked for an updated map (just like you ) but there is none, so ... I have left the map of the article original
Soon we will be several countries passing 100%. Italy will not be the only one, we have bad managers in all governments.

You are welcome:

https://www.imf.org/external/datamapper/GGXWDG_NGDP@WEO/EURO/EU/USA/JPN/CHN?year=2020

[Cryptotourist]

You are welcome:

https://www.imf.org/external/datamapper/GGXWDG_NGDP@WEO/EURO/EU/USA/JPN/CHN?year=2020

Greenland it is!

[VB1001]

^^
Sorry filippone, this does not work, it does not have the same colors, it is not the same map.

[Torque]

OT: The U.S. stock market is such a fkn farce.

Example: If in 1992 you had told a General Electric stock investor that their stock value would be at the same $ level 28 years later, they would have laughed in your face.

But yet, here we are.

And look at that glorious pump and dump of Boeing stock since 2016. What a joke.

[LFC_Bitcoin]

I'm one step ahead of you for a change Mr. JayJuanGee.  I already ate the contents of the egg which I coloured with some diced red onion, sweet red pepper and a dash of Tabasco.

edit: you can see, it floats as I wash off the green colour

[fillippone]

You are welcome:

https://www.imf.org/external/datamapper/GGXWDG_NGDP@WEO/EURO/EU/USA/JPN/CHN?year=2020

Greenland it is!

Lybia if you prefer hotter places!
/s

^^
Sorry filippone, this does not work, it does not have the same colors, it is not the same map.

I tough you were color blind!

[fillippone]

European union released this document:

Crypto-assets
Key developments, regulatory
concerns and responses

Abstract
This study, prepared by Policy Department A, sets out recent
developments regarding crypto-assets. These relate mainly to the
continuing use of crypto-assets for money laundering and terrorist
financing, the massive growth of private “tokens” used to raise
funds, and to the emergence ofstablecoinsand central bank digital
currencies. The study, furthermore, addresses key regulatory
concerns, taking into account these recent developments, and
suggests regulatory responses.

Fillippone reading trough it, but as for now:

As highlighted in our 2018 study Cryptocurrencies and blockchain: legal context and implications for
financial crime, money laundering and tax evasion240 and in more recent statements on AML/CFT, like
the June 2019 FATF report to the G20 Leaders’ Summit 241, cryptocurrencies pose serious money
laundering and terrorist financing risks that criminals, money launderers, terrorists and other illicit
actors could exploit. The fact that they are fully digital, easily transferable, pseudonymous 242 – and with
the use of specific anonymity-enhancing technology even completely anonymous – assets that
operate on a decentralised basis, makes them particularly suitable for money laundering and other
criminal activities 243.

AMLD5may only just be in full force, from a regulatory perspective, it is
already outdated and insufficient to deal with the AML/CFT risks crypto-assets pose today.

Well, German Banks have already adapted to AMLD5, and some Italian Banks have already started selling bitcoins to their customers...
Interesting times ahead.