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

[Last of the V8s]

i'm legolas

[1686137297]

1686137297

[1686137297]

1686137297

[empowering]

i'm legolas

Greenleaf is popular around here 

[Paashaas]

[supertee]

car without an engine

I'll take the M4 any day of the week 

Sold my M4 convertible to a friend of mine a few weeks ago.. It is an amazing car.. No way I would buy a Tesla

[Last of the V8s]

very nice. yours? who's the femoid? and the bloke bottom right?

[Torque]

Not sure if this was already posted, please don't kill the messenger as i don't agree with lots of these points.
However, this shows where institutional investors (aka hedgies) are on this.

https://twitter.com/DoveyWan/status/1068573163670261760

In short: institutionals are shell-shocked and bewildered.
My take home message from this particular tweetstorm: small size institutional money will not participate from now on.

TL;DR she predicts that, similarly to how internet happened, blockchain will eat the world, but somehow traditional players (Fidelity, Paypal, etc) would be the winners and we would be the losers.
I disagree, obviously.

It's really frustrating because when the smoke clears on all the bullshit, shitcoin scams, and ICO scams, it's clear to anyone that gets involved with the crypto space that the entire industry/ecosystem hinges on Bitcoin^TM being successful. It begins and ends with Bitcoin^TM. All the other crap is just noise and nonsense. I think everyone realizes this by now.

If every company out there would just rally around Bitcoin^TM, create services and job opportunities exclusively for Bitcoin^TM, and integrate with it exclusively, there would be zero, I mean ZERO downside to that. Bitcoin would be fully supported, miners would get 100% behind it, R&D development would get behind it, investors would get 100% behind it, etc. End users would not be so confused on what to buy and why -- they would know exactly what to buy: Bitcoin^TM.

But no, everyone wants to recreate the wheel with their own one-off, co-opted and privatized blockchain and their own coin. Well good luck with that. All those efforts will fail massively and spectacularly.

It really is the public Internet vs. privatized Intranets battle all over again. Have we learned nothing from that?

[gentlemand]

Have we learned nothing from that?

Nope. We never will either.

Trillions of calories and dollars will have to burnt before it dawns once again. It's human nature to attempt to bend the unbendable to your own worthless will because you think you somehow know better.

[alevlaslo]

https://bitcointalk.org/index.php?topic=1006631.msg48464408#msg48464408

[Torque]

Sold my M4 convertible to a friend of mine a few weeks ago.. It is an amazing car.. No way I would buy a Tesla

Teslas will have zero long term resale value.

Tesla Owner: "My car is only 5 years old and the battery went bad! What do you mean that you no longer have a replacement OEM battery that fits my year model??? "

[BTCMILLIONAIRE]

Sold my M4 convertible to a friend of mine a few weeks ago.. It is an amazing car.. No way I would buy a Tesla

Teslas will have zero long term resale value.

Tesla Owner: "My car is only 5 years old and the battery went bad! What do you mean that you no longer have a replacement OEM battery that fits my year model??? "

What about stocking up on batteries? Not sure what they cost, but if that's the only issue then those things could last longer than traditional cars. Not sure about the economics of this though.

[Last of the V8s]

Have we learned nothing from that?

Nope. We never will either.

Trillions of calories and dollars will have to burnt before it dawns once again. It's human nature to attempt to bend the unbendable to your own worthless will because you think you somehow know better.

Quoted for truth.

[mOgliE]

Sold my M4 convertible to a friend of mine a few weeks ago.. It is an amazing car.. No way I would buy a Tesla

Teslas will have zero long term resale value.

Tesla Owner: "My car is only 5 years old and the battery went bad! What do you mean that you no longer have a replacement OEM battery that fits my year model??? "

What about stocking up on batteries? Not sure what they cost, but if that's the only issue then those things could last longer than traditional cars. Not sure about the economics of this though.

What about stocking up batteries to resell them afterwards? 

If we already know batteries won't last that can be a good deal...

[BTCMILLIONAIRE]

Sold my M4 convertible to a friend of mine a few weeks ago.. It is an amazing car.. No way I would buy a Tesla

Teslas will have zero long term resale value.

Tesla Owner: "My car is only 5 years old and the battery went bad! What do you mean that you no longer have a replacement OEM battery that fits my year model??? "

What about stocking up on batteries? Not sure what they cost, but if that's the only issue then those things could last longer than traditional cars. Not sure about the economics of this though.

What about stocking up batteries to resell them afterwards? 

If we already know batteries won't last that can be a good deal...

Gentlemen, we're about to become filthy rich.

[goldkingcoiner]

Just been to collect a bit of precious myself. Now off home to eat lots of junk food & get high!
Hope to see $4,000 again by the end of the day

Mate, posting these will make me break my sober cycle But one joint doesn't do any harm, does it.. and I've been sober for a full month already.

Looks good. I, myself have been too sober for too long.... I want some of that delish looking leaf

[gentlemand]

Tesla Owner: "My car is only 5 years old and the battery went bad! What do you mean that you no longer have a replacement OEM battery that fits my year model??? "

All Tesla batteries are are a mountain of Panasonic 18650s bunched together. They're slightly larger than an AA battery.

If your battery dies, order thousands of them from Ebay and the family Christmas can be spent with everyone stuffing them into the battery tray. Should be done by New Year.

The battery longevity stats are actually seriously impressive. There are 200,000 mile cars with about 85% capacity left.

It's the software side of things that's more of a concern, especially if your car is 'blacklisted' for a non official repair. I don't think people will take too kindly to the cloud esque form of 'ownership' compared to the traditional one when it comes to cars.

[Torque]

Tesla Owner: "My car is only 5 years old and the battery went bad! What do you mean that you no longer have a replacement OEM battery that fits my year model??? "

All Tesla batteries are are a mountain of Panasonic 18650s bunched together. They're slightly larger than an AA battery.

If your battery dies, order thousands of them from Ebay and the family Christmas can be spent with everyone stuffing them into the battery tray. Should be done by New Year.

The battery longevity stats are actually seriously impressive. There are 200,000 mile cars with about 85% capacity left.

That may be true, but I still think until the whole EV industry standardizes on components like standard batteries, EV cars will kinda remain "throwaway" vehicles. Because of the fast turnover of the still evolving technologies.

Not like my classic truck that is 48 years old, runs like a champ, and still has parts and components that are easily available.

It's the software side of things that's more of a concern, especially if your car is 'blacklisted' for a non official repair. I don't think people will take too kindly to the cloud esque form of 'ownership' compared to the traditional one when it comes to cars.

Yep, that is a very serious concern.

[BTCMILLIONAIRE]

Tesla Owner: "My car is only 5 years old and the battery went bad! What do you mean that you no longer have a replacement OEM battery that fits my year model??? "

All Tesla batteries are are a mountain of Panasonic 18650s bunched together. They're slightly larger than an AA battery.

If your battery dies, order thousands of them from Ebay and the family Christmas can be spent with everyone stuffing them into the battery tray. Should be done by New Year.

The battery longevity stats are actually seriously impressive. There are 200,000 mile cars with about 85% capacity left.

It's the software side of things that's more of a concern, especially if your car is 'blacklisted' for a non official repair. I don't think people will take too kindly to the cloud esque form of 'ownership' compared to the traditional one when it comes to cars.

I think most consumers either won't care or won't even know. The fact that Facebook and other data scandals came as a surprise to anyone indicates that the average consumer is either too stupid to realize the implications or just simply doesn't care.

[gentlemand]

That may be true, but I still think until the whole EV industry standardizes on components like standard batteries, EV cars will kinda remain "throwaway" vehicles. Because of the fast turnover of the still evolving technologies.

Not like my classic truck that is 48 years old, runs like a champ, and still has parts and components that are easily available.

That makes sense but the same applies for many a conventional car too. My main runaround is ten years old based off a twenty year old design and is humongously more serviceable and less filled with shite than modern cars.

Something with keyless entry, fly by wire throttle and brakes, light bulbs that require the entire front end taking apart to change and measures to actively discourage non dealer servicing will be certifiable junk long before something decades older is.

Back to Ladas for everyone.

[kurious]

@kurious Nice, thanks. All looks good to me apart from the 10K limit. Do bitcoin withdrawals count against that as well?

(protip - its really easy to up the daily withdraw limit to 100K or 250K (probably more but never tried) simply ask, and yee will be granted, there is an option to increase limits in the withdraw section)

You beat me to it, there was indeed an 'increase your limit' link by the daily limit, I should have said.  I assume 'ask and ye shall receive' to be the order of the day - I just haven't tried yet....

EDIT: Doh! I really shouldn't reply to posts before I have actually caught up on the thread.  It's just so busy here right now.  

[vapourminer]

Teslas will have zero long term resale value.

Tesla Owner: "My car is only 5 years old and the battery went bad! What do you mean that you no longer have a replacement OEM battery that fits my year model??? "

What about stocking up on batteries? Not sure what they cost, but if that's the only issue then those things could last longer than traditional cars. Not sure about the economics of this though.

replacement battery packs will everywhere, just look at how many places you can get oem compatible batteries for UPSs cell phones etc. unless telsa has some security chip/thing thing going, havent bothered to find out.

since ive blown so many engines, transmissions, and assorted drive train components the simplicity of an electric motor at each wheel appeals to me. and having 100% torque at zero RPM is killer.