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

[lightfoot]

Then fuck exchanges and sell via OTC... 

Can be done, requires a good web of trust and the knowledge that you could be scammed at any point with limited recourse.

Currrently bitcoin ATMs seem to work well, but not for "Hey I need a Maybach"

[1714184713]

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[1714184713]

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[JayJuanGee]

Bitcoin should follow this chart.

Define "should."

Is that more than 50/50 or a higher percentage that you are assigning to such scenario...

I would say such scenario could happen, but I am NOT very convinced that such a scenario would be greater than 50%, and if it happens to be greater than 50%, I still would question whether some suggested scenario that even approaches 60% or 70% would deserve a "should" label.. Is your assigned percentage higher than 70%? or are you merely playing with a 50% +1 type of proposition from your point of view and use of the word, "should"?

Never fucking 30-40% dips again

https://twitter.com/kerooke/status/1332814031179165697?s=21
 

Your odds of getting R3ckt seem to be pretty damned high if you were to trade upon your assertion that 30% to 40% corrections are NO LONGER going to be happening in bitcoin.

My condolences in advance.   #nohomo.

Bitcoin should follow this chart.

https://i.imgur.com/M8QU4Qd.jpg

I used to have bear dreams too, but unfortunately those stink bids never got filled.

Plan for both scenario's (up and down). A good trader never has conviction, only a good pair of eyes.

Maybe Wekkel and I can make up?

18500 is looming. if we could close today above 18500 that would be awesome...  

edit: that would be a green weekly candle indeed. a +3k Darth Maul candle just below old ath must have rect so many day- and swing traders.

New term learned: "Darth Maul candle"

[P_Shep]

That horror crash from Romain Grosjean, that accident was the worst i've seen in along time.

His escape is miraculous, enduring 5-10 sec in flames just amazing that he was able to get out of that car.

Was just about to post this; been watching myself. Fucking amazing he managed to get out of that alive. I've never seen a modern F1 car go up like that. So fucking lucky! His head was between the TecPro barrier and the halo. I have no idea how he survived

https://streamable.com/uzgo2z

Never seen anything like before! Absolutely crazy! Just goes to show how safe those safety cells are and that the halo didn't hinder, and possibly saved his life! I mean, he went THROUGH the barrier!
Questions are gonna be asked... why was the barrier at that angle? Why wasn't there a tire barrier in front of it? How did the fuel cell rupture so badly?
Nuts.

[lightfoot]

I was looking at late 60's early 70's Firebirds the other day and was surprised at how far the market has slumped. I wish I had the room to grab one but I have enough in storage and had my Vanden Plas stolen from storage in the past. Investing in vehicles for wealth storage is a very rich mans game. I think us huddled masses need to stick to hardware wallets.

Consider me to be a case point for "Buying car of my dreams" with a couple of BTC at 2.5k. Yes, it was and is super worth it, but price went up since then :-)

Problem with 60's muscle cars is they appealed seriously to Boomers as kids (who could not afford them) and Boomers as adults (who finally had the money/time for them). Now that Boomers are dropping dead a lot, they come up for sale and the Gen X'ers & Millenials really don't have much of a connection to them. Plus they are a maintenance pain in the ass: Replace spark plugs every 10k miles? Adjust carburator floats? Oi.

Times change.

[seek3r]

It is on its way.. hope my desire comes true soon!

[Torque]

Good morning brothers
Bitcoin always on my mind
Maybe Sunday pump?

Haiku




Full English in bed  

Interesting, I thought a full English breakfast always had eggs too. No eggs?

[Hueristic]

I was looking at late 60's early 70's Firebirds the other day and was surprised at how far the market has slumped. I wish I had the room to grab one but I have enough in storage and had my Vanden Plas stolen from storage in the past. Investing in vehicles for wealth storage is a very rich mans game. I think us huddled masses need to stick to hardware wallets.

Consider me to be a case point for "Buying car of my dreams" with a couple of BTC at 2.5k. Yes, it was and is super worth it, but price went up since then :-)

Problem with 60's muscle cars is they appealed seriously to Boomers as kids (who could not afford them) and Boomers as adults (who finally had the money/time for them). Now that Boomers are dropping dead a lot, they come up for sale and the Gen X'ers & Millenials really don't have much of a connection to them. Plus they are a maintenance pain in the ass: Replace spark plugs every 10k miles? Adjust carburator floats? Oi.

Times change.

I hear ya, Lots of kids selling their dads car when they dropped dead to buy a ricer. Lol

I used to have a 71 bird back in the day and have always wanted to get a 69 and it looks like right now is a great time to buy but I just don't enjoy turning wrenches as much as I used to and that was half the fun back then anyway. A few buddies around the car with some beers swapping out the engine in an afternoon was a good time in my book.

[Torque]

Hmmmm could be on to something... slightly he’s going to the BTC side, eventually he will be saying BTC is better than gold and all the rest  

He's such a gaslighter with his moronic statements.

I'm 1000% sure that in our world history, Gold and Silver was adopted by the "little guys" as a form of barter/value exchange *way* before institutions and governments co-opted it for themselves.

Not to mention, in any tech startup company, the CEO and the initial employees are the "little guys" that got in first before IPO and got rich as the institutional investors "arrive late" and bought the company shares.

[lightfoot]

I used to have a 71 bird back in the day and have always wanted to get a 69 and it looks like right now is a great time to buy but I just don't enjoy turning wrenches as much as I used to and that was half the fun back then anyway. A few buddies around the car with some beers swapping out the engine in an afternoon was a good time in my book.

This is a problem: I was working on checking the belts on my car the other day and getting up and down in the driveway was a bit more annoying than normal. Yes I should build a garage with a lift, but the thought of a trouble free GT3 did cross my mind.

:-)

[JimboToronto]

Good morn Bitcoinland.
Eighteen grand and forty bucks
(Bitcoinaverage).

More than halfway back
From Thursday's big correction.
Let's make the week green.

This baby bull run
Is barely getting started.
Wait until next year.

Lambos, hookers, blow,
Or freedom from work and care...
Make the most of it.

[Hueristic]

This is a problem: I was working on checking the belts on my car the other day and getting up and down in the driveway was a bit more annoying than normal. Yes I should build a garage with a lift, but the thought of a trouble free GT3 did cross my mind.

:-)

I don't think they have created a trouble free car ever.

Its not on the agenda, but they do have that built in obsolescence pretty well nailed down.

I guess I'm just old as I don't find any of the newer cars appealing apart from them being new.
I did think of getting a new Shelby Cobra though.

https://www.shelby.com/en-us/Vehicles

[JayJuanGee]

That was a short dip, way shorter than I expected in any case.

Considering to buy a car soon as an investment, to keep on the side for the next years. The way things are looking now, it might be possible that I'll be buying it completely with BTC profits.

I have been hodling for 3 years and never-ever cashed. The idea of being able to buy a car with crypto hodlings makes my head spin.

Mind you, we're talking about 1/25th of a Lambo's price, so don't expect jumbo jet prices, but hey, I think it's spectacular anyway.

Generally speaking, cars are not considered as investments, but instead depreciating assets.

Of course, there are a couple of exceptions in terms of collectors cars that may well appreciate more than their purchase price, or cars that are used for utility purposes (such as in a business) to bring in value that would be greater than the expenses of owning such car.  If you are holding the car on the side, as you said, you may well be better off keeping that value in bitcoin.

I am not saying that you should not necessarily consume some of your bitcoin value, but based on current BTC price prediction principles, this does not seem to be a consumption time... and there have been a lot of examples in the past in which some BTC HODLers get so CITTEEEEEEE to take some profits and to consume some products, but then the timing is not really very good. 

[eddie13]

This is a problem: I was working on checking the belts on my car the other day and getting up and down in the driveway was a bit more annoying than normal. Yes I should build a garage with a lift, but the thought of a trouble free GT3 did cross my mind.

:-)

I don't think they have created a trouble free car ever.

Its not on the agenda, but they do have that built in obsolescence pretty well nailed down.

I guess I'm just old as I don't find any of the newer cars appealing apart from them being new.
I did think of getting a new Shelby Cobra though.

https://www.shelby.com/en-us/Vehicles

I am into slightly older cars with non-electronic manual drivetrains and relatively simple electronics.. And even slightly older cars with almost no electronics at all..

They break, sure, but I can fix them forever...
Changing spark plugs? Well yeah I run cold copper plugs for performance reasons and check them often anyway..

60s and 70s cars can be restored.. In my opinion these newer vehicles with their miles of wire and 10 computers will not be able to be restored like we do “classic” cars of this age..

I’m just not into the new car tech really.. People brag to me about their dash touchscreens that control everything from their heat to steering feel, and it only makes me recoil in fear of ever having to fix it..

I’m liking the C8 Vette though..

That was a short dip, way shorter than I expected in any case.

Considering to buy a car soon as an investment, to keep on the side for the next years. The way things are looking now, it might be possible that I'll be buying it completely with BTC profits.

I have been hodling for 3 years and never-ever cashed. The idea of being able to buy a car with crypto hodlings makes my head spin.

Mind you, we're talking about 1/25th of a Lambo's price, so don't expect jumbo jet prices, but hey, I think it's spectacular anyway.

Generally speaking, cars are not considered as investments, but instead depreciating assets.

Of course, there are a couple of exceptions in terms of collectors cars that may well appreciate more than their purchase price, or cars that are used for utility purposes (such as in a business) to bring in value that would be greater than the expenses of owning such car.  If you are holding the car on the side, as you said, you may well be better off keeping that value in bitcoin.

I am not saying that you should not necessarily consume some of your bitcoin value, but based on current BTC price prediction principles, this does not seem to be a consumption time... and there have been a lot of examples in the past in which some BTC HODLers get so CITTEEEEEEE to take some profits and to consume some products, but then the timing is not really very good.  

One can do very well to avoid depreciation by buying slightly older high end “special” cars that will hold their value and remain in demand..
Buy nice examples at the bottom of their depreciation..

For example, if you have been driving a Supra for the last 10 years you would probably be in pretty good shape..

I have heard it said that even Lambos can be some of the cheapest cars to own for the simple fact that their price will often go UP while you own them instead of down..

[Hueristic]

I am into slightly older cars with non-electronic manual drivetrains and relatively simple electronics.. And even slightly older cars with almost no electronics at all..

They break, sure, but I can fix them forever...
Changing spark plugs? Well yeah I run cold copper plugs for performance reasons and check them often anyway..

60s and 70s cars can be restored.. In my opinion these newer vehicles with their miles of wire and 10 computers will not be able to be restored like we do “classic” cars of this age..

I’m just not into the new car tech really.. People brag to me about their dash touchscreens that control everything from their heat to steering feel, and it only makes me recoil in fear of ever having to fix it..

I’m liking the C8 Vette though..

I hear ya, and that C8 is a looker!

[eddie13]

I think the C8 is very cheap for a mid engine car and I know their is plenty of room to build a twin turbo setup in the back of them almost as if they designed it to be done that way..
Put standalone engine management on it and I can also fix that easily and forever..
Convert it to a manual steering rack, tilton pedal box, coil over non-electronic suspension, throw away the abs and any traction control..

Could make a pretty nice cart..
Maybe in 10 years I can buy one, lol..

Crossing my fingers they release a manual trans option for it, or someone designs a good swap..
Yeah the paddle box is probably faster, don’t care..

[Hueristic]

I think the C8 is very cheap for a mid engine car and I know their is plenty of room to build a twin turbo setup in the back of them almost as if they designed it to be done that way..
Put standalone engine management on it and I can also fix that easily and forever..
Convert it to a manual steering rack, tilton pedal box, coil over non-electronic suspension, throw away the abs and any traction control..

Could make a pretty nice cart..
Maybe in 10 years I can buy one, lol..

Crossing my fingers they release a manual trans option for it, or someone designs a good swap..
Yeah the paddle box is probably faster, don’t care..

I almost picked this one up in 99



But the salesman wouldn't take a few grand off for cash on the barrel (damn thing was 54k or so) so I ended up with an older jag and I am so happy that salesman wouldn't budge!

Not sure what I was thinking at the time.


I've always wanted this but 180k without a engine/tranny is too high for a toy.
even if i did have that to throw away.

https://www.shelby.com/Vehicles/GT40-Shelby-Edition

[vapourminer]

I'm worried about my local banks more actually. As a transation of ~$10k USD/EUR raises a huge red flag for almost any bank. Get ready for the questions they're going to ask. Although I have heard that UK banks are somewhat more tolerant (or simply have higher red flag limits?).

10k USD definitely raises flags at banks in the USA. so i actually try to keep withdrawals to exactly 10k or more. i dont want to be accused of trying to slide under that.. forget what the term is (laddering? but that doesnt sound right) but its a red flag thing for sure.

and my bank never blinked an eye at my amounts for years. i did get a call from my banks due diligence dept in the last few months asking what i used coinbase for and if i sent anything from coinbase out of the country (investment and no were the answers).

[Hueristic]

10k USD definitely raises flags at banks in the USA. so i actually try to keep withdrawals to exactly 10k or more. i dont want to be accused of trying to slide under that.. forget what the term is (laddering? but that doesnt sound right) but its a red flag thing for sure.

and my bank never blinked an eye at my amounts for years. i did get a call from my banks due diligence dept in the last few months asking what i used coinbase for and if i sent anything from coinbase out of the country (investment and no were the answers).

I thought you had to goto your bank when they closed your account?

Damn my memory I wonder who that was now.

[Bergluft]

I'm worried about my local banks more actually. As a transation of ~$10k USD/EUR raises a huge red flag for almost any bank. Get ready for the questions they're going to ask. Although I have heard that UK banks are somewhat more tolerant (or simply have higher red flag limits?).

What sort of questions do you fear? Did we do anything illegal?

[eddie13]