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

[Torque]

Bingo.


https://twitter.com/ParikPatelCFA/status/1392631958002454528

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[Richy_T]

Today I leveled ground and set up an outdoor pool. I had to rush to shut off the water at my wife's business because of a leak. My dog got caught up in the dog-next-door's lead and I had to rescue her. My back started hurting and I worked through it. I have blisters on my hand. The sink blocked up. My son got an "owie" on his hand and daddy fixed it and the richest man in the world took a dump in my portfolio.

I'm currently drinking gin & twist-up and I feel fine.

[Paashaas]

When i was a slavewager my alarm went off 4 o'clock in the morning every singel working day.

Now i'm on retire mode i STILL waking up around the same time without setting my alarm, it's beeing printed into my biological clock i guess

Currently 04:13 in the morning having breakfast, waiting for the morning sun to start jogging.

[Richy_T]

My wife just told me that CNN has been dissing Tesla for energy usage. Is Musk's tweet today somehow related to that?

(Note I'm receiving that about third-hand so take it for what it is).

[Richy_T]

When i was a slavewager my alarm went off 4 o'clock in the morning every singel working day.

Now i'm on retire mode i STILL waking up around the same time without setting my alarm, it's beeing printed into my biological clock i guess

Currently 04:13 in the morning having breakfast, waiting for the morning sun to start jogging.

Hah, wow. I was never a morning lark, always a night owl. Getting up to be at work at 8am was *hard*. But now I'm effectively retired, I get up a couple of hours later tops and can't reach the 1-3pm wake times I was capable of in my prime.

[Richy_T]

He is the same piece of shit as all the other rich elite and politicians. What ya expect? They want to keep the corrupt system running as long as they can.

I don't buy his aspie schtick either.

[BitcoinBunny]

When i was a slavewager my alarm went off 4 o'clock in the morning every singel working day.

Now i'm on retire mode i STILL waking up around the same time without setting my alarm, it's beeing printed into my biological clock i guess

Currently 04:13 in the morning having breakfast, waiting for the morning sun to start jogging.

Hah, wow. I was never a morning lark, always a night owl. Getting up to be at work at 8am was *hard*. But now I'm effectively retired, I get up a couple of hours later tops and can't reach the 1-3pm wake times I was capable of in my prime.

Same. 3-4am is nearer my bed time than wakeup time.

[Richy_T]

I gotta say... I respect his commitment to his ideals.  An entire army of oldschool bitcoiners were starting to replace "Wen Lambo" with "Wen Tesla", and he just told them to go fuck themselves.

I am sort of being facetious, of course.  But I will arrogantly point out that when they put Bitcoin on the site and everyone was asking "Will you be buying a Tesla now?", I held my tongue.  For lot's of reasons, no small one being it takes more than a token gesture to earn my respect. 

I have a feeling that the total number of Teslas bought with Bitcoin == 0.

I think this is one of those "you can't fire me, I quit" scenarios. Musk was expecting a bunch of people to roll in with their Bitcoin and nobody came to the party.

[Richy_T]

I've seen companies first add and then drop accepting Bitcoin for years. It seems more of a hype they are running after rather than clever financial tactics for themselves or customers.

Many of those companies were selling lower-cost items. Once fees started rising, that stopped making sense. That's apparently OK here so whatever. However, something the cost of a tesla, the fees are still insignificant so it's a fairly reasonable purchase.

As mentioned above, I think Musk just wasn't seeing the interest he was looking for so took his ball and went home.

Same. 3-4am is nearer my bed time than wakeup time.

Nothing like hearing the birds start singing and the light outside the window brightening toward the end of a long coding session. Haven't done that in a while.

[Torque]

I'll likely own an electric car one day in the future. In another 10 years or so, when the tech has matured. But I can pretty much guarantee that it won't be a Tesla.

All of the pre-existing automotive companies will be able to produce them not only better, but more reliable.

Tesla will have to pivot completely away from making cars. They don't make any money on them anyway.

[Biodom]

Musk borrowed a s-t load of money against his Tesla stock (there was a report that he pledged 97mil of his 220 mil TSLA shares, do the calculation even at 580/pop at 25-50%), much more than SpaceX or Neuralink are using, probably. He could have invested some of that in non-btc coins OR projects, although it is a long shot.
That said, he was one of paypal "mafia"/founders, so payment systems are probably quite familiar to him.
A very puzzling move. We have $100bil market move and bitcoin is not under SEC purview, so they cannot do anything even if they wanted.
Is this some kind of high level trolling? The joke is on us for now.

EDIT: and I was contemplating to spend my unsold doge on Tesla...f-k that idea.

[Paashaas]

Vitalik rug pulled n00bs yesterday with those Dogeclones and donated the money to charities.

My faith in Vitalik has been restored a little bit when i saw this headline.

Vitalik Buterin Donates Over $1 Billion To India Covid Relief Fund And Other Charities.

[Richy_T]

I'll likely own an electric car one day in the future. In another 10 years or so, when the tech has matured. But I can pretty much guarantee that it won't be a Tesla.

All of the pre-existing automotive companies will be able to produce them not only better, but more reliable.

Tesla will have to pivot completely away from making cars. They don't make any money on them anyway.

Bingo. I watch Rich Rebuilds on YouTube and some of the quality issues are pretty bad for a car with premium pricing. Tesla is doing some interesting things with battery tech but I think the next-gen stuff is likely to come from elsewhere. I think if Bitcoin did a major leap, I might be onboard but still looking for a decent used diesel wagon right now.

Vitalik rug pulled n00bs yesterday with those Dogeclones and donated the money to charities.

Vitalik is a seriously smart dude. I don't agree with everything he is hyping about ETH and I think POS will be DOA but he's one to watch and I'd count him as definitely smarter than me (which is rare even if more deserve it).

[Paashaas]

I'll likely own an electric car one day in the future. In another 10 years or so, when the tech has matured. But I can pretty much guarantee that it won't be a Tesla.

All of the pre-existing automotive companies will be able to produce them not only better, but more reliable.

Tesla will have to pivot completely away from making cars. They don't make any money on them anyway.

Electric cars barely making any sound at all, the highways will be dead silent.

Buy a sports car with a fat V8 just to troll people.

[suchmoon]

It's amazing how quickly this thread turned from sucking Elon's dick to calling him names. Long overdue though. The guy is a clown. Buy a Kia.

[lightfoot]

Today I leveled ground and set up an outdoor pool. I had to rush to shut off the water at my wife's business because of a leak. My dog got caught up in the dog-next-door's lead and I had to rescue her. My back started hurting and I worked through it. I have blisters on my hand. The sink blocked up. My son got an "owie" on his hand and daddy fixed it and the richest man in the world took a dump in my portfolio.

I'm currently drinking gin & twist-up and I feel fine.

Back brace. Even the little Home Depot soft one. They look stupid yes, but man does it totally solve the back problem.

[lightfoot]

My wife just told me that CNN has been dissing Tesla for energy usage. Is Musk's tweet today somehow related to that?

(Note I'm receiving that about third-hand so take it for what it is).

Wait, this is the Tesla that makes battery powered cars? And solar systems? And powerwalls?

And this is the guy that builds reusable spaceships so you don't just toss the whole damn thing in the ocean?

Say what you want about Elon, but the guy's not an eco-disaster or a dickhead like Bezos. It's nice to have someone actually thinking about future stuff. Which makes this whole Doge/Bitcoin thing completely baffling.

Weird.

[shahzadafzal]

Vitalik rug pulled n00bs yesterday with those Dogeclones and donated the money to charities.

My faith in Vitalik had been restored a little bit when i saw this headline.

Vitalik Buterin Donates Over $1 Billion To India Covid Relief Fund And Other Charities.

Come on Satoshi beat him by donating chunk of your BTC stash 198,025 BTC

and that will be ~ $10 Billion

[Torque]

I gotta say... I respect his commitment to his ideals.  An entire army of oldschool bitcoiners were starting to replace "Wen Lambo" with "Wen Tesla", and he just told them to go fuck themselves.

I am sort of being facetious, of course.  But I will arrogantly point out that when they put Bitcoin on the site and everyone was asking "Will you be buying a Tesla now?", I held my tongue.  For lot's of reasons, no small one being it takes more than a token gesture to earn my respect.  

I have a feeling that the total number of Teslas bought with Bitcoin == 0.

I think this is one of those "you can't fire me, I quit" scenarios. Musk was expecting a bunch of people to roll in with their Bitcoin and nobody came to the party.

I have a feeling that it's worse than that. I bet that overall demand for Teslas worldwide, has either completely stalled or fallen. And it could get even worse for him. Demand could start to freefall.

That's why he had to do some "creative accounting" with Bitcoin on the balance sheet last quarter, just to make it look like they made a profit.

[Richy_T]

Electric cars barely making any sound at all, the highways will be dead silent.

Buy a sports car with a fat V8 just to troll people.

Heck, some of the ICE cars make so little sound that it is "augmented" via the sound system.