RE: Coronavirus And The Stock Market 03-11-2020, 04:03 AM
#7
(03-09-2020, 09:52 PM)@bcd3 Wrote: majority of people will be fine, health wise. im worried about peoples reactions though. some people hoarding all the toilet paper and rice and beans. worried about the production of asprin and tylonal. i dont see many people in my business but it is public facing. and our supply chains are mostly us/euro based. their supply chains, however, are probably chinese.
im very interested in the crashing of btc. it hasnt lived through a recession yet and even after all the digital gold memes, makes sence people are looking to liquidate assets to cover their asses. bitmain looks like its in trouble. all the chinese miners are panicking. the btc infrastructure might not be able to handle it but the hash rate seems to be doing fine. time will tell...
edit: one thing that grinds my gears, oil fell a crazy amount this weekend, but how much do you think the price at the pump is going to drop? 5% over the next month *maybe*? this should be passed on to the consumer, but thats the glory of a monopoly i suppouse
You seem to have the exact damn thoughts I had. I went to Walmart a few hours ago just to check out the madness, and all of the cleaning/sanitation products are gone. I also checked out the gas station and the prices dropped about 20 cents.
Most economists have already predicted a recession.
And yeah I checked out BTC prices, and they fell off about 2,000 points. So it's not looking good for crypto either.
My Aunt and Grandmother are only at risk. My Aunt has a lung condition (she has never smoked). And my Grandmother is in her 80s. People like them are the real people at risk.
















![[+]](https://sinister.li/images/modern/collapse_collapsed.png)