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

[JayJuanGee]

Cboe is telling market makers that it's close to launching ether futures — and it could mark a big step in the crypto's evolution

Cboe Global Markets, the exchange behind the first market for bitcoin futures, is telling market makers it is close to rolling out futures for ether, the second-largest cryptocurrency by market capitalization, people familiar with the situation told Business Insider. The product may launch by the end of 2018, one of the people said.

http://uk.businessinsider.com/ether-futures-on-the-way-at-cboe-2018-8

An ether future's market would truly be an interesting development that would establish some increased financialization of ether and would likely be bullish for ether.... It seems questionable that such a product would actually come to fruition...but never say never in cryptolandia and it is not unusual for strange and even questionable things to actually happen.

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[Resumean]

[JayJuanGee]

Aye, my lambo be a rhetorical lambo, not a literal Lambo. Hell, I drive a 20 year old full-size van. Then again, my rhetorical lambo cost quite a bit more than a literal Lambo.

Hopefully, you are not driving one of those windowless vans... hahahahahaha

Twenty years is really getting up their with vehicles, and I really got spoiled with built in bluetooth, and some of the other improvements of modern vehicles - including ride quality.

It's on my to-do list. Just not very high.

Actually, I was never much of a new car person, until about 8 years ago.  I had never really liked the immediate depreciation aspect.  

...I decided to go with new, and also to go with a kind of luxury brand.  The transition was really nice, and soon after taking the plunge, I was wondering why it had taken me so long to treat myself to something really nice

Yeah... thing is, the full-size van form factor just works for me. If someone made a van with interior trim up to luxury car standards, this woulda been a done deal already. Alas, no. So my decision is to abandon the form factor I desire and get a pickup, or settle for the comparatively downmarket experience of a van. Either seems a compromise, which makes me need to consider other platforms*. Which leads to indecision. ::sigh::

*i.e., maybe Tesla X?

Oh well, the wife is the car guy in this family, anyhoo.

I don't mean to beat a dead horse, but I cannot resist to say that I am not going to let you get away with this delegation to the wife thingie, completely, because in the end, there is some kind of reason that you are hanging onto a 20-year old van, when it seems that there are going to be some comparable features in modern vans or other substitute vehicles that could satisfy your needs - and update you to a new reliable version of a vehicle with bells and whistles of modern automotive technology, including improvements in actual ride quality.  

I will actually give you a bit of latitude on the stereotypical dynamic that guys should be picking cars, rather than women, because sometimes the actual use-cases of vans would be a kind of "family" car that would give wifey much more reasonable authority in the vehicle choice input.

 By the way, the Tesla X is a kind of SUV that differs from vans, and there are quite a few other models of cars on the market that are similar to the TeslaX - excepting that the electric nature of the TeslaX is surely an interesting experiment that is still ahead of its electrical charging infrastructure support.

Anyhow, I was thinking that there are some features of 20 year old vans that are not quite present in variations of modern SUVs, which would include your mentioning of the TeslaX as a possible consideration point, including that actual 20 year old vans could have the potential to have removability of seats and just the possible stand up space and roominess and customizability that some of the modern SUVs would not have - maybe even putting a bed in there or some other living room or even transportation space conveniences.  

My question here remains what is it about your particular 20-year old van that you like, besides the mere inconvenience of changing vehicles?  Is it the fact that you already have it set up with various of your features, or is there something else going on?  Some people  like the fact that some of the older cars are easier to work on with self-repairs, but even some of the 20 year old cars are already beginning to have a lot more computerization that even causes them to be difficult to self-maintain.

I have a nearly 20 year old vehicle that I wouldn't trade for anything. What's wrong with 20 year old vehicles? It's my daily drive to work and elsewhere - I use my wife's newer (brand new, hate, she now understands why I advised 100% against the course of action she took) POS when it is convenient or quick trip or family trip (it has better fuel economy and space). My fuel economy is not awful, about 28 mpg, and I do most of the basic work on it myself (changing brake pads, belts, terminals etc) to keep the rock bottom cost even lower.  This has featured the added benefit of the boon of some mechanical knowledge where none existed before. I at least investigate any issues myself prior to ever considering thieving mechanics. It has been paid off since I bought it (at a cool 120k miles) for five thousand dollars. It has some wear (now, and still not bad, was mostly pristine when purchased from singular owner) and certainly doesn't have the bells and whistles of newer vehicles, but I am absolutely fine with that. I just crossed a quarter million miles a few months ago. I keep the oil changed regularly and it scarcely needs other maintenance too often. My battery even lasted almost 5 years, granted that has nothing to do with the particular vehicle per se. It is a manual transmission and primarily a joy for me to ride.  I would be glad to have my daughter learn to drive this vehicle in some years if she is willing - and I certainly plan to teach her how to operate a manual transmission at the least.

I'm happy letting others get into cars they can't afford. I agree that new vehicles are not the way. When I do finally replace my favored child, it will be with a used vehicle that has already reached maximum depreciation and that will be regardless of how wealthy I am, as that is one method I will deploy to stay wealthy/maintain wealth (when I get there!).

I would never consider, much less purchase, a Tesla of any kind.

It seems to me that you are partly misreading some of my points, and I am not necessarily asserting that in itself driving a 20 year old car is not the right particular approach, but partly I am also attempting to get jbreher to explain himself a bit more regarding why he specifically would be driving a 20 year old van and what attributes his van has exactly (beyond the mere inconvenience of changing) that causes him to NOT upgrade.

Since you have posted ONLY a couple of times, and this is the first post that I recall reading of yours, then hardly would I recognize any of your situation including how long you have been in crypto and your crypto approach that could cause me to formulate certain assumptions about your possible lifestyle and/or personality as I have gotten to know a large number of aspects about jbreher over the past few years.

Your point about valuing your 20 year old car no matter what your level of wealth seems has become a bit lost upon me, and causes me to tentatively conclude that you might be attempting to argue for the mere sake of arguing, because even though a lot of people attempt to assert that they would not change if they were to win the lottery, for example, an actual winning of the lottery or becoming greatly rich in a short period of time makes it quite illogical that the person would grasp to all of their old prudence behaviors.. I understand that supposedly Warren Buffet has some of these kinds of stubborn sticking to your old habits and frugality, but even those supposed stories seem quite illogical given his age and the level of his wealth... but perhaps he is quite the exception rather than the rule? 

[JayJuanGee]

Remember, boys, this is why we trade https://www.instagram.com/p/Bf1CHIZFpWl/

So we can afford to move to a country with less bitchy women?

You may have a real decent point there, Ibian.  Just looking at the picture, I become fearful that the chick might be ready, willing and able to kick my ass if I am not paying attention.  NOT good for my sense of manliness.  

[JayJuanGee]

Bustes small price fuck my life 
Good there is sun outside here to cheer me up a little cause BTC is @ the wrong direction again 😑

You really cannot be getting worked up about relatively minor BTC price moves?  Even if we don't go UP right away, there is going to be a bit of a battle for any sub $6k price direction.. and likely bears are going to need a decent amount of FUD or some bullshit misinformation to really shake  coins out of BTC HODLers, right?  I am not saying that the bottom is in for sure, but really we cannot just expect the BTC price to go UP from here without at least a few more battles from bears to try to shake a few more coins before we continue our seemingly inevitable UPWARDS journey... The question just is how much time, rather than whether we are going to be recking some pie in the sky wishful bears... and yeah, could take a few months, but also could take longer to get us UPWARDLY out of this current consolidation price range.

Total right , but its Just becoming a sport When we are sideways to cheer with a +-200$ rise and be sad with a drop into red Numbers .....i can’t predict When big pricemovements gonna happen so i can’t talk much about that, only that i have a strong belief in BTC and that iT Will succeed longer term

I agree that you come off as mostly bullish and seem to want to HODL even through the worser cases of BTC price movements, so that is why I wonder what is getting in your way to be bothered by a few hundred dollars of price drop that largely just puts BTC prices in the same place that it was a few days earlier.. and merely because there is a drop does not even signify that the drop is going to continue.. and even if it does continue, there remains quite a bit of buying support that it is going to have to get through to get back to where it was a few weeks ago... which whooptie doo, likely only means that many of us will be buying some moar... and perhaps should be saving our depression for such a later point ( and perhaps we won't even get to that more depressed and currently hypothetical price point)

[sirazimuth]

.....  NOT good for my sense of manliness.  

well you could always just  cash out a couple of BTC or so and go buy yourself a nice new shiny manly looking pick-up truck. Problem solved. (as long as you don't have a tiny penis)

[xhomerx10]

It almost looks like Bitcoin has a little bit of green percolating inside of her.  We're approaching 7k again.

[jojo69]

Alex Jone has provided a helpful explanation as to why he had trannie porn on his phone:

looks like ol' Alex been hitting the frog water

[DaRude]

Ryan X. Charles : "Craig Wright is Satoshi Nakamoto"

https://twitter.com/ryanxcharles/status/1035322235983159296


Can we pretend that this is true, and realize that Satoshi (however great his initial vision was) is not a god, and currently has no influence over the current version of BTC.

[Ibian]

Ryan X. Charles : "Craig Wright is Satoshi Nakamoto"

https://twitter.com/ryanxcharles/status/1035322235983159296


Can we pretend that this is true, and realize that Satoshi (however great his initial vision was) is not a god, and currently has no influence over the current version of BTC.

Nope. We don't trust, remember? We verify.

[Syke]

Ryan X. Charles : "Craig Wright is Satoshi Nakamoto"

https://twitter.com/ryanxcharles/status/1035322235983159296


Can we pretend that this is true, and realize that Satoshi (however great his initial vision was) is not a god, and currently has no influence over the current version of BTC.

The funny thing is, since Satoshi was anonymous, he could still be around currently influencing BTC.

[DaRude]

Ryan X. Charles : "Craig Wright is Satoshi Nakamoto"

https://twitter.com/ryanxcharles/status/1035322235983159296


Can we pretend that this is true, and realize that Satoshi (however great his initial vision was) is not a god, and currently has no influence over the current version of BTC.

Nope. We don't trust, remember? We verify.

The irony is that CSW becoming Satoshi would get more people to verify and not to trust Satoshi vs if say Pope came out as Satoshi then people would definitely just blindly follow.

So this is really ingenious, Satoshi proves himself to be a babbling idiot, and then come out as real Satoshi! An ultimate lesson that people shouldn't trust but verify even if it is Satoshi him/her/them/self

[Rosewater Foundation]

It's a false dilemma. CSW doesn't have to be Satoshi to realize Satoshi wasn't a god. In fact, it's a really stupid thing to say. Who is this fuck-monkey anyway, and why are his twats relevant?

[El duderino_]

It almost looks like Bitcoin has a little bit of green percolating inside of her.  We're approaching 7k again.

via Imgflip Meme Generator

[theymos]

New BCH roadmap:

[El duderino_]

via Imgflip Meme Generator

[DaRude]

It's a false dilemma. CSW doesn't have to be Satoshi to realize Satoshi wasn't a god. In fact, it's a really stupid thing to say. Who is this fuck-monkey anyway, and why are his twats relevant?

Well whether you like it or not that's pretty much how the world currently works for majority of people. They tend to follow whatever narrative person with perceived authority tends to say, cause you know verifying stuff yourself is like work and such.

In any case i'm just glad that they forked off, and now it's like watching a train wreck from the side. Regardless, whichever side looses would probably start dumping bcash first, which would kinda make them a winner as they'll at least be able to recoup some of their losses.

[El duderino_]

Bustes small price fuck my life 
Good there is sun outside here to cheer me up a little cause BTC is @ the wrong direction again 😑

You really cannot be getting worked up about relatively minor BTC price moves?  Even if we don't go UP right away, there is going to be a bit of a battle for any sub $6k price direction.. and likely bears are going to need a decent amount of FUD or some bullshit misinformation to really shake  coins out of BTC HODLers, right?  I am not saying that the bottom is in for sure, but really we cannot just expect the BTC price to go UP from here without at least a few more battles from bears to try to shake a few more coins before we continue our seemingly inevitable UPWARDS journey... The question just is how much time, rather than whether we are going to be recking some pie in the sky wishful bears... and yeah, could take a few months, but also could take longer to get us UPWARDLY out of this current consolidation price range.

Total right , but its Just becoming a sport When we are sideways to cheer with a +-200$ rise and be sad with a drop into red Numbers .....i can’t predict When big pricemovements gonna happen so i can’t talk much about that, only that i have a strong belief in BTC and that iT Will succeed longer term

I agree that you come off as mostly bullish and seem to want to HODL even through the worser cases of BTC price movements, so that is why I wonder what is getting in your way to be bothered by a few hundred dollars of price drop that largely just puts BTC prices in the same place that it was a few days earlier.. and merely because there is a drop does not even signify that the drop is going to continue.. and even if it does continue, there remains quite a bit of buying support that it is going to have to get through to get back to where it was a few weeks ago... which whooptie doo, likely only means that many of us will be buying some moar... and perhaps should be saving our depression for such a later point ( and perhaps we won't even get to that more depressed and currently hypothetical price point)

I think for all the true HODLERS in here .....
via Imgflip Meme Generator

A little side talk with the small rises or drops or Just whats given us to talk ......  

[JayJuanGee]

Bustes small price fuck my life 
Good there is sun outside here to cheer me up a little cause BTC is @ the wrong direction again 😑

You really cannot be getting worked up about relatively minor BTC price moves?  Even if we don't go UP right away, there is going to be a bit of a battle for any sub $6k price direction.. and likely bears are going to need a decent amount of FUD or some bullshit misinformation to really shake  coins out of BTC HODLers, right?  I am not saying that the bottom is in for sure, but really we cannot just expect the BTC price to go UP from here without at least a few more battles from bears to try to shake a few more coins before we continue our seemingly inevitable UPWARDS journey... The question just is how much time, rather than whether we are going to be recking some pie in the sky wishful bears... and yeah, could take a few months, but also could take longer to get us UPWARDLY out of this current consolidation price range.

Total right , but its Just becoming a sport When we are sideways to cheer with a +-200$ rise and be sad with a drop into red Numbers .....i can’t predict When big pricemovements gonna happen so i can’t talk much about that, only that i have a strong belief in BTC and that iT Will succeed longer term

I agree that you come off as mostly bullish and seem to want to HODL even through the worser cases of BTC price movements, so that is why I wonder what is getting in your way to be bothered by a few hundred dollars of price drop that largely just puts BTC prices in the same place that it was a few days earlier.. and merely because there is a drop does not even signify that the drop is going to continue.. and even if it does continue, there remains quite a bit of buying support that it is going to have to get through to get back to where it was a few weeks ago... which whooptie doo, likely only means that many of us will be buying some moar... and perhaps should be saving our depression for such a later point ( and perhaps we won't even get to that more depressed and currently hypothetical price point)

I think for all the true HODLERS in here .....
via Imgflip Meme Generator

A little side talk with the small rises or drops or Just whats given us to talk ......  

That's a non-sequitur if ever there was one.   

[Paashaas]

Ryan X. Charles : "Craig Wright is Satoshi Nakamoto"

https://twitter.com/ryanxcharles/status/1035322235983159296


Can we pretend that this is true, and realize that Satoshi (however great his initial vision was) is not a god, and currently has no influence over the current version of BTC.

Nope. We don't trust, remember? We verify.

I enjoy the civil war in camp bCash, the mud fight is very amusing.