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

[ChartBuddy]

Explanation

[Richy_T]

People that say stuff like this sound like they subscribe to the Just World fallacy, for this case specifically that every problem someone has stems from themselves, and that you can't possibly be struggling if you're working hard. It's a lie some people tell themselves to make them feel better, usually out of either a fear of it happening to them, believing that it cannot happen to them, or believing that since it has never happened to them, the poor must be doing something wrong. Every ex-CEO probably subscribed to that theory until they had to start delivering pizzas.

Either that, or you have a heavy and unwarranted disdain for poor people, but I'll give you the benefit of the doubt.

No. That's what you want to believe because it allows you demonify others and reject their viewpoints. This happens on both the left and the right and is unfortunate as it allows those in power to divide us rather neatly rather than allow meaningful and fruitful discussion.

[JayJuanGee]

 Very Funny.... and witty, Billyjoeallen... even though you are missing the point about how the capitalist is able to take all the surplus value from the increased benefits and to put them into his pocket.

You're not a capitalist? You work for free or just to cover living expenses?

I have NO problem with people making profits... there is a difference between a form of regulated capitalism and forms of vulture capitalism whereby the rrich exploit and pretty much steal from the people in various ways and make their money using trickery and such leverage.  small honest businesses are out gunned when these kinds of vulture capitalists are allowed to run free and unfettered.

[seleme]

Damn, all this philosophy in last 10-15 pages makes this thread boring 

[cbutters]

Damn, all this philosophy in last 10-15 pages makes this thread boring 

Agreed, this is hardly wall observing... its killing the thread, I personally wish they would start their own thread on it. But I don't moderate or make decisions so.....

In wall observing news, It looks like houbi's price might actually surpass bitstamp! :O

[dreamspark]

Damn, all this philosophy in last 10-15 pages makes this thread boring 

I know right, bout as boring as BTC has been the last couple days as well...

[Adrian-x]

Damn, all this philosophy in last 10-15 pages makes this thread boring 

I'm now all in, I guess so are most other so until more disposable fiat shows up at the door, we'll pump the philosophical principles.

[Nightowlace]

Damn, all this philosophy in last 10-15 pages makes this thread boring 

I know right, bout as boring as BTC has been the last couple days as well...

How many people skipped right over the two or more paragraph posts in the last several pages? Say I.

I

[Nightowlace]

Not trying to be an ass but less is more. Sum up your points please. Too much to read when you're trying to catch up.

[podyx]

$700+ in weekend will be my buy signal

[octaft]

  In this welfare state the more they breed, the more they're paid.  5 kids? congrats, you make more than the working poor.

How much a month in total cash and food benefits do you think someone with 5 kids gets paid in the US?

I give up. how much?
 Less than here, presumably.

Okay, well how much do they make there, and where is there? I don't have exact numbers because they calculate it based on certain factors like monthly income and expenses, which will obviously be different in each case. but for the US (NY specifically, which is a fairly liberal state), the absolute maximum, that is, no income, huge dependent costs (I put in $20,000 per month, which is obviously way too high and will automatically put your income per month into a huge negative), etc., is $900. And that's for FIVE kids (which would be considered 6 household members, a couple with 5 kids would be 7, or $995). Most needy families do not actually have that many children. In fact, most families period don't have that many children. That's simply propaganda. The absolute maximum for a family of 3 is $497, again that is the maximum, and will frequently be far less.

Also note how increasing from 3 family members to 6 only increased the maximum benefits from $497 to $900.

Play with the numbers yourself if you like. I just googled SNAP benefits calculator in google. Note that you make significantly less than the working poor if you're not working, because you can earn up to a certain amount and still be eligible for (less) assistance. The calculator below shows you what that number is based on household members (by far the most important number):

http://benefitsplus.cssny.org/benefit-tool/benefits-plus-snap-calculator

If you are a couple with 2 kids making $2000 a month in employment income, you are eligible for $200 of the $600 maximum allotment. That's a full $1600 more because you have an okay job.

Regardless of anything else, nobody can argue that these benefits are allowing anybody to live like royalty, and nobody can argue that no job is better than having a job. The fact that you can work and still collect is what rewards these people for working, because now you can actually afford to enjoy yourself a little bit and get some breathing room.

[octaft]

People that say stuff like this sound like they subscribe to the Just World fallacy, for this case specifically that every problem someone has stems from themselves, and that you can't possibly be struggling if you're working hard. It's a lie some people tell themselves to make them feel better, usually out of either a fear of it happening to them, believing that it cannot happen to them, or believing that since it has never happened to them, the poor must be doing something wrong. Every ex-CEO probably subscribed to that theory until they had to start delivering pizzas.

Either that, or you have a heavy and unwarranted disdain for poor people, but I'll give you the benefit of the doubt.

No. That's what you want to believe because it allows you demonify others and reject their viewpoints. This happens on both the left and the right and is unfortunate as it allows those in power to divide us rather neatly rather than allow meaningful and fruitful discussion.

I can't demonize someone I don't know, I can only speculate. If I'm wrong, say I'm wrong and tell me why. I might counter you, but if you honestly and earnestly address me, I will extend you the same courtesy. Stop letting stupid people from my side influence your judgment of me. I might come off as arrogant and a dick sometimes, but there is totally a method to my madness, and besides, let's face it, I would get totally trucked by all of you if I tried to be too nice.

[threecats]

I

For the last three days in fact ...

[soullyG]

The Bank of England have released a quarterly bulletin which is mainly about the definition of money, and its role in a modern economy. It (of course) includes some stuff on Bitcoin and digital currencies, as well as local currencies - Coin Desk have an overview here, or you can read the PDF directly here.

[pietje]

Damn, all this philosophy in last 10-15 pages makes this thread boring 

I know right, bout as boring as BTC has been the last couple days as well...

How many people skipped right over the two or more paragraph posts in the last several pages? Say I.

I

Yep.. Alot of boring reading.
It means everyone is ready to choo choo again 

[BitChick]

Damn, all this philosophy in last 10-15 pages makes this thread boring 

I could start talking about religion if you are tired of philosophy.   

[ChartBuddy]

Explanation

[seleme]

Damn, all this philosophy in last 10-15 pages makes this thread boring 

I could start talking about religion if you are tired of philosophy.   

I'm religious but thanks, this is not the place I'd read about it 

[San1ty]

Damn, all this philosophy in last 10-15 pages makes this thread boring 

I could start talking about religion if you are tired of philosophy.   

I'm religious but thanks, this is not the place I'd read about it 

Philosophy okay, but religion ugh no!

[seleme]

Damn, all this philosophy in last 10-15 pages makes this thread boring  

I'm now all in, I guess so are most other so until more disposable fiat shows up at the door, we'll pump the philosophical principles.

I'm buying alts, shares etc. like a boss... got tired of anticipating Bitcoin moves. Can't catch all bottoms and alts prices are overall pretty good and most probably would bring better gains at some time than Bitcoin could fail down at this moment.