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Question: What happens first:
$65,000 - 59 (86.8%)
$48,000 - 9 (13.2%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26330465 times)
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elrippos friend
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May 09, 2020, 02:16:14 PM

I am going to post something quite unpopular.  It will make some people mad at me.  This is not certain, but I would say it is a 50/50 probability right now.  I sincerely hope I am wrong, but I am worry that I am not.  

The US has dun goofed its coronavirus response.  The US locked down too slow, and now it is reopening up too fast.  With the exception of New York, case rates are still rising in every state.  Nebraska, which reopened on Monday, reported a 57% case rate rise in the past 7 days.  In saying this I acknowledge that testing levels are so low it is hard to work out what is really happening except we know there are superclusters at the meatworks which are not closing because they have been deemed essential.  

How is this an unpopular post? You are posting the government narrative that is being pushed right now. They even have pictures.




But what will likely happen in the US is people are sick of the lockdowns, they see that the US dun goofed after seeing the results in Sweden obtaining herd immunity.

So...lift the sanctions, sorry about the thousands of deaths due to unemployment and job loss...time to do like Sweden and just get over it once and for all instead of this screwing around with peoples' lives for a few people in nursing homes that are on their death beds.

The curve will not be as high as in Sweden due to a small percentage of the population already having it already.

Will a lot of people in the socialist New York health care system die...oh yes...many many people in New York. So many New Yorkers will feel the first hand results of government intervention into their health. That really sucks. A microcosm of communism as a demonstration of what not to do. Perhaps useful as an example for the rest of the country of what not to do to your health care.

Now that is the unpopular opinion.

And you honestly believe in a Vaccine  Grin Grin Grin Grin Grin
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Elwar
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May 09, 2020, 02:18:31 PM

Good morning Bitcoinland.

Seems we're having a bit of trouble staying in 5 digits... currently $9734USD/$13645CAD (Bitcoinaverage).

Meanwhile the halving is only a couple of days away.

Go Bitcoin go.

There's the problem. $100 a week are $400 a month. You can perfectly feed yourself and even cover some (if not all) of the basic survival needs with that amount. Yet people do decide to go ahead with that and then they need someone else to feed them? No, that is indeed BAD.

You (should) only use credit to SAVE (ie: to own a property instead of renting for the same monthly amount or even lower) not to SPEND more. Doing otherwise is nuts and usually the reason why people with a more than healthy income are constantly in the verge of bankruptcy.

I say you should only use credit to earn money, not to spend it.

Borrowing to spend on unnecessary luxuries like cars and phones is silly unless they are essential tools for earning money. Even then there are usually cheaper options that don't require borrowing.

Of course most people have been brainwashed by lifelong propaganda:

student loan, diploma, employee job, credit card, car payments, mortgage, overtime (or 2nd job), overpriced holiday package, designer clothing, etc.

They think borrowing and buying is the normal thing to do.

You should use credit to buy bitcoins. Go deep in fiat debt to be crypto positive.
VB1001
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May 09, 2020, 02:18:56 PM
Merited by vapourminer (2)

so we should start practicing screaming like little girls?

oh shit.... your elaboration causes me to doubt proper attributes ....

since many of us realize that Searing has "screaming like a little girl" trademarked.  

I'm turning you in vapourminer.  

crap. caught plagiarizing already. ill never be a csw level faker at this rate.

apologies to brad

you gotta up your game.... I know I am borrowing a statement, too.... a just recently used one.  .. .but since you guys (and gal) are so witty, cannot help but to get influenced.



(Done, image uploaded for vapouminer)
Elwar
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May 09, 2020, 02:19:59 PM

I am going to post something quite unpopular.  It will make some people mad at me.  This is not certain, but I would say it is a 50/50 probability right now.  I sincerely hope I am wrong, but I am worry that I am not.  

The US has dun goofed its coronavirus response.  The US locked down too slow, and now it is reopening up too fast.  With the exception of New York, case rates are still rising in every state.  Nebraska, which reopened on Monday, reported a 57% case rate rise in the past 7 days.  In saying this I acknowledge that testing levels are so low it is hard to work out what is really happening except we know there are superclusters at the meatworks which are not closing because they have been deemed essential.  

How is this an unpopular post? You are posting the government narrative that is being pushed right now. They even have pictures.




But what will likely happen in the US is people are sick of the lockdowns, they see that the US dun goofed after seeing the results in Sweden obtaining herd immunity.

So...lift the sanctions, sorry about the thousands of deaths due to unemployment and job loss...time to do like Sweden and just get over it once and for all instead of this screwing around with peoples' lives for a few people in nursing homes that are on their death beds.

The curve will not be as high as in Sweden due to a small percentage of the population already having it already.

Will a lot of people in the socialist New York health care system die...oh yes...many many people in New York. So many New Yorkers will feel the first hand results of government intervention into their health. That really sucks. A microcosm of communism as a demonstration of what not to do. Perhaps useful as an example for the rest of the country of what not to do to your health care.

Now that is the unpopular opinion.

And you honestly believe in a Vaccine  Grin Grin Grin Grin Grin

Yes, like I want to be one of Bill Gates' beta testers for his innovative new vaccine.

Because when you get injected with something it's best if it is untested and innovative.
Elwar
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May 09, 2020, 02:28:02 PM
Last edit: May 09, 2020, 02:57:13 PM by Elwar

New York doesn't have a "socialist healthcare system." They have the same healthcare system as all 49 other states: most people are privately insured, some are on medicare or medicaid, and the rest don't have any insurance. That's how it is across the entire country.

Except how their hospitals are under a central government control.

https://www.vox.com/2020/4/3/21207310/coronavirus-new-york-hospitals-andrew-cuomo?utm_source=fark&utm_medium=website&utm_content=link&ICID=ref_fark

I didn't even know about this until just now but I assumed that the high number of deaths had to do with some sort of government intervention. Sure enough...there it is. Anyone with a history book knows that socialism kills people aggressively. So if people truly don't want people dying...try less socialism. But...I know, you really don't care about people dying. You care about the fear that you can use to spread more government. If you cared about life you'd be all about supporting life extension technology, allowing a free market health care system, encouraging population growth...

Quote
Quote
sorry about the thousands of deaths due to unemployment and job loss

What?

Are you new to economic downturns? First time?
LFC_Bitcoin
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May 09, 2020, 02:38:51 PM

Will anybody be happy to take this vaccine when it eventually comes?

There’s no way I’m having it.
nutildah
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May 09, 2020, 02:47:17 PM

Except how their hospitals are under a central government control.

This was in response to the crisis. It wasn't this way before, and it didn't create the crisis. NY is one of the only states where the number of infected is actually beginning to level off. I could use NY's graph to make the opposite case - that socialism works - but I won't because I know the world isn't that simple. In reality none of this has anything to do with "socialism."

Are you new to economic downturns? First time?

Oh right, how could I forget the thousands of bodies stacked high in 2009, dead from unemployment.  Roll Eyes
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May 09, 2020, 02:50:24 PM
Merited by LFC_Bitcoin (1)

Will anybody be happy to take this vaccine when it eventually comes?

There’s no way I’m having it.
Since when has this thread become Covid-19 related? Some psychos in Politics & Society will flood over and turn it into a warzone.

P.S: Absolutely no.

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May 09, 2020, 02:52:07 PM


Stay, WO can help with fear management.

I also hope you're growing more than just chili in your garden. Cool
lightfoot
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May 09, 2020, 03:11:34 PM

Are you new to economic downturns? First time?
Are you saying this economy was nice and solid and it took a nightmare black swan event (that we had happen 3 times in the past 20 or so years mind you) to knock it into disaster ville?

First time?
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May 09, 2020, 03:11:59 PM
Merited by xhomerx10 (1)

Fuck... it's snowing here.

Too bad we can't send climate around the world as easily as bitcoins.

I'd gladly send you 18 degrees celsius. The heat here is oppressive.
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May 09, 2020, 03:13:10 PM

Many believe that gold-backed tokens can compete Bitcoin, but I don't think so, Bitcoin is unique, gold will always be a safe haven, even if they are in the form of tokens it will always depend on Bitcoin's movements.


Bitcoin Gains Ground on Gold, Bolsters Claim as the Asset of Tomorrow

Quote
“The gold stablecoin needs to have a vaulting for the coin, and it needs to have an audit, and security, and things like that, but the advantage of the gold stablecoin is that you can use it for instant transactions. It’s much more stable than Bitcoin or Ethereum, and I see this as a growth area.”

Source: https://cointelegraph.com/news/bitcoin-gains-ground-on-gold-bolsters-claim-as-the-asset-of-tomorrow
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May 09, 2020, 03:15:33 PM

Are you new to economic downturns? First time?

Oh right, how could I forget the thousands of bodies stacked high in 2009, dead from unemployment.  Roll Eyes

"a 1 percent increase in the unemployment rate will be associated with 37,000 deaths [including 20,000 heart attacks], 920 suicides, 650 homicides, 4,000 state mental hospital admissions and 3,300 state prison admissions."

The unemployment rate currently sits at 15% and growing.


There was an increase in suicides in 2009 due to the recession.

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May 09, 2020, 03:25:35 PM
Merited by nutildah (1), kurious (1), psycodad (1), heslo (1)

Since when has this thread become Covid-19 related? Some psychos in Politics & Society will flood over and turn it into a warzone.

P.S: Absolutely no.
WO is like this. We have all sorts of whack-a-doodle discussions here, the key is we know when to quit and when to stop beating a dead horse (for awhile).

As for the vaccine, there will be one, and if you're smart you will try not to get into a place where you need it immediately, but only after it has been properly tested and reviewed. Otherwise you run into the situation of "Trump cures" which wind up just killing you because it's a crowd stampede.

Perfect example: Gulping hydroxychloroquine or colloidal silver in desperation because a moron says so. Smart move is to wait for the trial data to come out and make your decision then.

*That* is another reason to have reserves. In a true survival situation you are either the first person out or the last person out. Being in the big crowded middle is the worst place to be, so hunker down in your place of reserves until you can see the true landscape and the best plan of action.

Hairy is pretty much dead on in his post, which is why I merited it: You can believe that this virus is not really easy to transmit, that it's not any more deadly than the flu, that all the death numbers are inflated to "make Trump look bad", that your employer really will have your best interest at heart thus the need to protect them against lawsuits, that hydroxychloroquine and zinc will save you, that this is all an evil conspiracy to get your guns/freedom/whatever. You can believe any reality you want to.

But only one reality exists. And in that one when you get sick and crippled you're sick and crippled no matter how many rallies you protested at with your barbie gun*. In that one when you get sick or die your employer just replaces you like the widget you are. In that one things happen based on simple probabilities and well established vectors of transmission, not based on how well you suck up to someone in power. And in that one you face the benefits or consequences of listening to informed or uninformed sources.

Step right up and place your bets! Because this is reality, and this one can't be fooled or paid for on credit or promises.

* Barbie guns: I get so annoyed seeing these freedom fighters at rallies with stupid-assed guns that have endless scary attachments on them. It's like owning a barbie doll and endlessly outfitting her with fashion accessories. Fine if that's your fetish but if you're serious bring a 12 gauge pump action shotgun and be done with it....

** Note: I take extreme offense at people who ask others to sacrifice their lives for themselves, and get really annoyed when asked to sacrifice my life so someone else can profit.

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May 09, 2020, 03:27:00 PM

Lean times in the country’s history didn’t correspond with more deaths, as they expected. In fact, the opposite was true. More people — babies included — died when the economy prospered.

During recession periods, the number of deaths and, to a lesser extent, the mileage-based death rate, tend to decline. (...) The number of deaths tend to increase following the end of recessionary periods.
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what is this "brake pedal" you speak of?


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May 09, 2020, 03:32:23 PM
Last edit: May 10, 2020, 12:06:42 AM by vapourminer

so we should start practicing screaming like little girls?
oh shit.... your elaboration causes me to doubt proper attributes ....

since many of us realize that Searing has "screaming like a little girl" trademarked. 

I'm turning you in vapourminer
crap. caught plagiarizing already. ill never be a csw level faker at this rate.

apologies to brad
you gotta up your game.... I know I am borrowing a statement, too.... a just recently used one.  .. .but since you guys (and gal) are so witty, cannot help but to get influenced.



(Done, image uploaded for vapouminer)

thanks!

+merit as soon as i recharge Smiley

EDIT sent
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May 09, 2020, 03:40:38 PM

Since when has this thread become Covid-19 related? Some psychos in Politics & Society will flood over and turn it into a warzone.

P.S: Absolutely no.

Perfect example: Gulping hydroxychloroquine or colloidal silver in desperation because a moron says so. Smart move is to wait for the trial data to come out and make your decision then.


You realize that story was fake? or do you watch too much mainstream media?
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May 09, 2020, 03:43:16 PM


Re: the NY Post article

Quote
The actual figure in academic research is a 37,000 increase for each percentage-point rise in the unemployment rate. It comes from a book called “Corporate Flight: The Causes and Consequences of Economic Dislocation” by Barry Bluestone, Bennett Harrison and Lawrence Baker.

“Corporate Flight” was published in 1982 and mainly had to do with companies moving operations overseas. I couldn’t reach Bluestone, Harrison or Baker, but last week I was able to contact Wade Thomas, who teaches economics and business at SUNY Oneonta and who quoted those figures in his own co-written 2005 book called “Economic Issues Today: Alternative Approaches.”
...
I would hesitate to extrapolate from the old estimates of corporate flight as a means of quantifying present circumstances,” Thomas wrote to me in an email, adding that “there are too many variables involved now to assert definitive cause and effect between unemployment and the litany of health consequences cited in the 1981 study.”

But, Thomas said, “it informs our thinking about some of the potential problems that may accompany this wave of joblessness.”

Two things are definitely different today. One, Washington acted quickly to help the unemployed. It didn’t when companies were moving overseas.

With the suicide rate: sure, I can see there being more suicides than normal due to a sustained period of high unemployment rates. I'm not totally unreasonable.

However, all you are really saying is that you know for sure the outcome would have been better, and there would have been less deaths overall if... if what? What would you have done differently?

With the exception of South Korea, Taiwan and a handful of other places, I don't think world governments are doing a good job of handling the problem. But I do think they are trying to help people and not kill them.  This isn't some grand conspiracy to beat people into submission for the New World Order. It's just people responding to a unique problem for the first time, trying to figure out what works, what doesn't.

Nobody really knows the solution. Some people just pretend to know harder than others.
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May 09, 2020, 03:45:06 PM

Perfect example: Gulping hydroxychloroquine or colloidal silver in desperation because a moron says so. Smart move is to wait for the trial data to come out and make your decision then.


You realize that story was fake? or do you watch too much mainstream media?
How so?
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what is this "brake pedal" you speak of?


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May 09, 2020, 03:54:03 PM

Because when you get injected with something it's best if it is untested and innovative.

worked pretty well in the 60s. more or less.
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