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Question: Did we reach the bottom already?
Yes - 60 (50%)
No, it's coming later this year - 44 (36.7%)
No, it's coming next year or after - 16 (13.3%)
Total Voters: 120

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25816079 times)
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HI-TEC99
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February 12, 2020, 04:56:49 PM
Merited by JayJuanGee (1)

I don’t really care if forestry workers are as productive as they could be, so long as they keep cutting down the trees and I don’t need to be anywhere near them when they do it.  

It is absolutely imperative we don’t give them any other career options, otherwise they might become data scientists or entrepreneurs and compete with my business.  

Accordingly high tuition fees are a critical tool in making sure we don’t run out of forestry workers, fishermen, roughnecks and toilet cleaners.  People are generally pretty smart, so you can’t keep them down if we don’t have systemic barriers to social mobility.  

Some people devote themselves to a worthy vocation they feel they are suited to doing. They don't do the job for the money, they have a passion for it. Are you seriously trying to tell me this bloke would switch to a data scientist job or entrepreneur?



He's obviously dedicated to unblocking toilets for the rest of his life, and derives great pleasure from it.
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February 12, 2020, 04:58:20 PM
Merited by AlcoHoDL (1)

Yeah, that's why I said 10-100x the amount. 10x would be the bare minimum and that if it really was my dream or something...
I was searching for stuff to support my post above sayin how lambo is a bad idea, wrote a lot about it then...

omg wtf look what I found while I am at it on google > lambo forum, Shiet, which one of you is this?


https://www.lamborghini-talk.com/vbforum/f125/yearly-cost-owning-huracan-209650/


Just when I started talking of cars, I'll post 3 of my favorite cars:

Tier 1
(cheap tier)

These a little bit newer than the 2 below so actually the price is a bit higher than sl series despite of being a lower series model. I still like this one. To me, this is the only decent mercedes they made lately.

Tier 2
(mid tier)

These cheap too cuz they old... but still gud.


Tier 3
(monster tier)
Over a lambo anyday.


Not much to say. This thing shits on lambo on any day of the week. If I ever reach the lambo levels networth, this is my lambo of choice.

Observing $10380.
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February 12, 2020, 05:10:36 PM

Bitcoin our needle.
Goodbye FIAT slavery.
Embrace p2p!
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February 12, 2020, 05:19:06 PM

Interesting data...


Quote
A look at fees as a percentage of total miner revenue over time.

Full Data: https://docs.tokenanalyst.io/#bitcoin-miner-stats


Source: https://twitter.com/thetokenanalyst/status/1227620213555896320
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February 12, 2020, 05:23:04 PM

Boats are really a hole in the water. Go for it if you really love fishing. I always buy a used car let someone else take the depreciation hit.
There are worse things than boats. Think "private airplane". I so want one, but such a bad idea.

Same for used cars. Never owned a new one.
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February 12, 2020, 05:31:52 PM

Think "private airplane". I so want one, but such a bad idea.

That's a weird one to me.

There are so many owners desperate to make their millstone pay that you'll forever have the entire market at your beck and call to hire. You'll also get the latest and greatest one without fail.

Other than the convenience factor to obscure airports a lot of them look pretty goddamn pokey to me. I'd rather have an Etihad apartment and force the butler to pluck my clinkers while another one sucks the fungus off my toes and gobs it back on to my cheese board.
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February 12, 2020, 05:32:18 PM
Merited by Gyrsur (1)

Be like Dan.




https://twitter.com/evanryer/status/1227633739750158336?s=21





Best advice anybody can ever get -



https://twitter.com/bitcoin/status/1227641718742208513?s=21

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February 12, 2020, 05:52:27 PM

That bus on the left seems to go to a much more popular destination:

https://txstreet.com/beta/street/bitcoin-bitcoincash

It's not just the desirability of the destination... Just looked and with buses on the right nearly an hour apart (about 53 minutes since last block according to that site) then it's no real surprise.  If you're going to the party, why wait?

EDIT: apparently sometimes you need to wait five HOURS for one.  I had no idea it was that bad.
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February 12, 2020, 06:00:10 PM

Think "private airplane". I so want one, but such a bad idea.

That's a weird one to me.

There are so many owners desperate to make their millstone pay that you'll forever have the entire market at your beck and call to hire. You'll also get the latest and greatest one without fail.

Other than the convenience factor to obscure airports a lot of them look pretty goddamn pokey to me. I'd rather have an Etihad apartment and force the butler to pluck my clinkers while another one sucks the fungus off my toes and gobs it back on to my cheese board.
Well flying is as fun as hell. And yes you can go to all sorts of odd places. I remember flying out to Catalina island once to grab a buffalo burger on the mountainside. So much better than screwing with ferries.

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February 12, 2020, 06:34:31 PM

Their are a lot of great cars that you can buy that will actually appreciate in value, as a good investment, even including some Lambos..
Don't buy a newer Lambo whose value is falling off a cliff, buy a classic Lambo whose value is steady and going up from here..

Off the top of my head some good investment cars would be an e30 M3, Porsche 951/928.. 911s might be a bit overbought still but will hold great value..

You guys are talking about buying modern electronics packed cars that will be a maintenance nightmares destined for the crusher.. (Mercedes)
Maybe a classic Mercedes Cosworth would be a good option.. 

For anything relatively new I would look into the new Corvettes.. Probably faster than them Lambos and cheaper to buy/maintain, more reliable, etc..

I don't like newer cars much though..
No way I'd sink money into a new Range Rover.. You'd probably lose more money on the rover than you would on a new Lambo..
Those things are very expensive new and depreciate like wildfire due to their incredible unreliability, always breaking..
They are owned by India's Tata and have been plagued by horrible quality control in their Chinese manufacturing..
Google "Land Rover china" (coronachan bites them recently) and then "Land Rover china quality control" to see about their recent issues..
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February 12, 2020, 06:54:19 PM

Boats are really a hole in the water. Go for it if you really love fishing. I always buy a used car let someone else take the depreciation hit.
There are worse things than boats. Think "private airplane". I so want one, but such a bad idea.

Same for used cars. Never owned a new one.

Good point. I don't fly but if I was a private pilot I could see trying to swing a small private prop plane for fun. I have owned boats and never again ... I am not an avid fisherman. I have friends who live for fishing, like tarpon tournaments, it is their passion and they sink a lot of money into their hobby. Their wives feel it keeps them out of trouble, so to speak.

I can take or leave fishing. When I do fish, I like to use someone else's boat and I always chip in for the diesel. Guys who are into trophy fishing almost never use gas engines, they prefer diesel for long life and reliability in my experience. These are the guys with forty foot boats with inboard engines, not your weekend fisherman who tows a boat.
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February 12, 2020, 07:00:09 PM

The problem with private planes are not the planes themselves, but you need to always fly with a full tank of gas all the time.
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February 12, 2020, 07:08:55 PM
Merited by OutOfMemory (1)

Fishing is a great relaxing hobby as long as it stays as a hobby.

Many fish people go absolute geek on fishing which kills the fun imo. If you learn everything and everything about fishing of course you can almost catch anything without any failures. Where is the fun in that?

Catching fish and watching the beautiful sea is almost equally fun for me. They complete each other.

I'd cast my fishing rod in every 15-20 mins while I was watching the beautiful sea view and drinking my wine, if I get a fish, it is just a plus in the big picture and a free dinner or lunch. If not, It would be less fun but still wouldn't hurt my fun so much.

I like fishing but it is the secondary fun element on a boat imo. Not the main target.
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February 12, 2020, 07:37:39 PM

What about this one?



Buy the fucking dip? It is the highest USD price against EUR in the last 2 years. Last time EUR was this low it was in Q1 2017.

Since I am mostly hodling USD as FIAT, I'll try my luck with this one. For every ~%1 decrease from this point, I am selling %15 of my USD for EUR. (Starting from this price point) @ USD-EUR (1:1.03), I'll be full Eur.

*It is probably a better idea to just buy bitcoin instead of messing with this shit just to make %10-20
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February 12, 2020, 07:43:49 PM

Their are a lot of great cars that you can buy that will actually appreciate in value, as a good investment, even including some Lambos..
Don't buy a newer Lambo whose value is falling off a cliff, buy a classic Lambo whose value is steady and going up from here..

Off the top of my head some good investment cars would be an e30 M3, Porsche 951/928.. 911s might be a bit overbought still but will hold great value..

You guys are talking about buying modern electronics packed cars that will be a maintenance nightmares destined for the crusher.. (Mercedes)
Maybe a classic Mercedes Cosworth would be a good option..  

For anything relatively new I would look into the new Corvettes.. Probably faster than them Lambos and cheaper to buy/maintain, more reliable, etc..

I don't like newer cars much though..
No way I'd sink money into a new Range Rover.. You'd probably lose more money on the rover than you would on a new Lambo..
Those things are very expensive new and depreciate like wildfire due to their incredible unreliability, always breaking..
They are owned by India's Tata and have been plagued by horrible quality control in their Chinese manufacturing..
Google "Land Rover china" (coronachan bites them recently) and then "Land Rover china quality control" to see about their recent issues..

Modern Land Rover is fine.  They make a great product and they are as reliable as any other marque.  Never thought I would say this but Tata buying them is the best thing that ever happened to them. They pumped in money and let the engineers get on with it.

Never had to deal with JLR China so can’t comment on cars built for the Chinese market.  However Chinese tastes are very different from the West.  They like big flashy cars with small price tags, which ends up with horrible underpowered boats.  Audi A5s with 1.8 litre engines - wtf?
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February 12, 2020, 08:08:15 PM
Merited by marcus_of_augustus (5)

Cryptoasset Requirements Set for Release by Treasury

https://www.bloomberg.com/news/articles/2020-02-12/cryptoasset-rules-set-for-release-by-trump-administration

Quote
The Trump administration soon will announce new requirements for cryptoassets, Treasury Secretary Steven Mnuchin said.

Mnuchin told a Senate Finance Committee hearing on Wednesday that the department’s Financial Crimes Enforcement Network is preparing the announcement.

“We are about to roll out some significant new requirements,” he said without elaborating.

The Financial Crimes Enforcement Network works to prevent money laundering, terrorist financing and other financial crimes.

(Updates with Financial Crimes Enforcement Network explanation in fourth paragraph.)
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February 12, 2020, 08:13:27 PM
Merited by JimboToronto (1)

Cryptoasset Requirements Set for Release by Treasury

https://www.bloomberg.com/news/articles/2020-02-12/cryptoasset-rules-set-for-release-by-trump-administration

Quote
The Trump administration soon will announce new requirements for cryptoassets, Treasury Secretary Steven Mnuchin said.

Mnuchin told a Senate Finance Committee hearing on Wednesday that the department’s Financial Crimes Enforcement Network is preparing the announcement.

“We are about to roll out some significant new requirements,” he said without elaborating.

The Financial Crimes Enforcement Network works to prevent money laundering, terrorist financing and other financial crimes.

(Updates with Financial Crimes Enforcement Network explanation in fourth paragraph.)

"The land of the free".
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February 12, 2020, 08:19:35 PM

Their are a lot of great cars that you can buy that will actually appreciate in value, as a good investment, even including some Lambos..
Don't buy a newer Lambo whose value is falling off a cliff, buy a classic Lambo whose value is steady and going up from here..

Off the top of my head some good investment cars would be an e30 M3, Porsche 951/928.. 911s might be a bit overbought still but will hold great value..

You guys are talking about buying modern electronics packed cars that will be a maintenance nightmares destined for the crusher.. (Mercedes)
Maybe a classic Mercedes Cosworth would be a good option..  

For anything relatively new I would look into the new Corvettes.. Probably faster than them Lambos and cheaper to buy/maintain, more reliable, etc..

I don't like newer cars much though..
No way I'd sink money into a new Range Rover.. You'd probably lose more money on the rover than you would on a new Lambo..
Those things are very expensive new and depreciate like wildfire due to their incredible unreliability, always breaking..
They are owned by India's Tata and have been plagued by horrible quality control in their Chinese manufacturing..
Google "Land Rover china" (coronachan bites them recently) and then "Land Rover china quality control" to see about their recent issues..

Modern Land Rover is fine.  They make a great product and they are as reliable as any other marque.  Never thought I would say this but Tata buying them is the best thing that ever happened to them. They pumped in money and let the engineers get on with it.

Never had to deal with JLR China so can’t comment on cars built for the Chinese market.  However Chinese tastes are very different from the West.  They like big flashy cars with small price tags, which ends up with horrible underpowered boats.  Audi A5s with 1.8 litre engines - wtf?

Maybe some older car that wont die from a smart bomb?
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February 12, 2020, 08:25:25 PM

Add an electric car that runs off solar panels for when fuel supplies get cut
kurious
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February 12, 2020, 08:57:33 PM

Cryptoasset Requirements Set for Release by Treasury

https://www.bloomberg.com/news/articles/2020-02-12/cryptoasset-rules-set-for-release-by-trump-administration

Quote
The Trump administration soon will announce new requirements for cryptoassets, Treasury Secretary Steven Mnuchin said.

Mnuchin told a Senate Finance Committee hearing on Wednesday that the department’s Financial Crimes Enforcement Network is preparing the announcement.

“We are about to roll out some significant new requirements,” he said without elaborating.

The Financial Crimes Enforcement Network works to prevent money laundering, terrorist financing and other financial crimes.

(Updates with Financial Crimes Enforcement Network explanation in fourth paragraph.)

So, the Federal Gov't wants to "prevent cryptocurrencies from being used as 'secret bank accounts.' "

I guess that means they want secret bank accounts to only be in dollars. Which, given the president seems to favour this personally for his loans and financial affairs, is more about just keeping the status quo in force and perhaps diverting attention from it.

If they really were dealing with the kind of money laundering that quite normally goes on (which just by the major banks activities, probably exceeds Bitcoins entire market cap over the past few years alone) then I would have no reason to question their motives.
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