Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 20/05/2020, 15:00:53 UTC
In fact I was from the few back in March, that suggested that everything would be alright by June.
So far, it hasn't aged well.

Probably because you are too busy focusing on personalities rather than actual issues and substance, but whatever at least you can admit (somewhat) that you might have been wrong in your prior assessment of impact.

I doubt that there is anyone here who would have imagined that the financial impact of this whole virus situation would have been so great or that there would have been so much chaos in the world in regards to how to deal with it.  The chaos seems far from over, even with the opening up of various places in which the outbreak seems far from under control or even the ongoing lack of information and tests is likely NOT going to end well, but sure, maybe we will get lucky, and the opening up will work out fine..

I am really doubtful, not only that the opening up will not work out well, it will disproportionately impact the poor and disenfranchised, but even rich people are going to get fucked by lacking in their providing of various support systems and focus in the reopening efforts.

Good thing that a lot of us have bitcoin, but we are also going to get fucked from this whole thing because we are going to have so many more limitations to how we can spend our wealth...  in the hookers, lambo and blow territory but also other quality of life considerations in terms of steaks, travel, health and fitness options, social mingling, other supply chain issues and venue options.

So maybe even there was some truth in the proclamations of mindrust when he asserted that he felt better to shave off a lot of his bitcoin options because even being rich is not going to be that great in these kinds of times of fewer options... .... and even though there is some truth in that comment, having bitcoin and richness in those kinds of alternative asset holding ways is likely to provide way more options than either having money in fiat or other potentially depreciating or expensive to maintain ways.