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

[bitserve]

Dude, real estate is totally appropiate as Bitcoin discussion.

I would only consider it as a place for myself to live in. As any type of investment it's way too much ball ache. You have to install tenants who grow pot, defecate in the gutters, spurt semen all over the windows, ovulate in the hot water tank, leave their hymen and placentas to rot in the air vents.

Fuck that.

If I had to do something with property I'd get a bunch of paddocks. There's no shortage of stupid people where I'm at who'll pay sometimes 50% or more of a house rental for a field to park their horse in. And you can't eat a human tenant if they don't cough up.

Well, of course house/flat rentings are more work than land/fields/paddocks but... I don't know why you think you need to resort to that sort of tenants... I would never rent anything to anyone that doesn't have enough collateral (contractually covered by himself, his parents, or whomever that has enough collateral to fully cover any potential debt/damage to the property + interests + legal costs + moral damages).

Anyway, as with any other type of investments I wouldn't suggest anyone who doesn't really know the market and its specifics to blindly invest on it. Buying a HOME instead of renting is another completely different thing that would probably apply to many more people.

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[mindrust]

Your real-estate discussion is ruining bitcoin. Stop it! This is a wall-observer thread, not a walls-creating-a-home thread!

Dude, real estate is totally appropiate as Bitcoin discussion.

What do you want to use your amazing profits for in the future?

A lambo? *THAT* is a totally NON-asset.

*THIS* is what I want to be able to build for my retirement when the time comes (I already own the land in the perfect location... but won't start developing until I am fully covered for life):



Or this, with a more modest budget:

What did I just tell y'all?

Didn't I just say, you gotta be mobile and shiet?

Here is a decent home for a bitcoin hodler:

[bitcoinPsycho]

my future house paid for with btc




when iron man is finnished with it

[mindrust]

my future house paid for with btc




when iron man is finnished with it

Can this house fly? Can it defend itself against mass immigrant zombie invasion? You gotta be mobile maan fookin mobile. Get either wheels or get it on the water but make sure it doesn't have any roots below the ground.

[bitcoinPsycho]

like this?

[mindrust]

like this?

I would prefer this to what you posted before tbh.

[Toxic2040]

A trailing indicator is about to cross over. Looks like we will test support levels again. dyor. Hard to recommend buying the dip when it keeps dipping. Hopefully a clear bottom will present itself in the next couple of weeks.

[vapourminer]

Of course there is absolutely no investment that is 100% risk free, but real estate is "safe enough".

Real estate as an investment is ok if:

[...]

3. It has some appreciation

or potential appreciation? like, buying that landfill where the guy tossed out his hard drive with a fortune of btc?

[sirazimuth]

Your real-estate discussion is ruining bitcoin. Stop it! This is a wall-observer thread, not a walls-creating-a-home thread!

Dude, real estate is totally appropiate as Bitcoin discussion.

What do you want to use your amazing profits for in the future?

A lambo? *THAT* is a totally NON-asset.

*THIS* is what I want to be able to build for my retirement when the time comes (I already own the land in the perfect location... but won't start developing until I am fully covered for life):



Or this, with a more modest budget:

What did I just tell y'all?

Didn't I just say, you gotta be mobile and shiet?

Here is a decent home for a bitcoin hodler:

I thought wood paneling went out of vogue with bell bottoms and Brylcreem...
Oh wait a minute, its horizontal grain...nm..

[bitserve]

like this?

I would prefer this to what you posted before tbh.

It's you who need to be mobile not your fucking real estate that you can leave behind every time!

And how much is that boat you posted? Several million dollars? You can instead have a handful of "modest" properties spread around the world for that much. *THAT* would be mobility.

No, really, how much is that boat? (not even considering fuel, maintenance, staff, etc...)

[jojo69]

While I do understand I have to respectfully disagree.

You folks that think that you will be able to "mobile" around the coming disruptions are delusional.

Rural acreage in inaccessible, low population areas.  Focus on water and energy.  Reduce technological dependence.

[mindrust]

It's you who need to be mobile not your fucking real estate!

And how much is that boat you posted? Several million dollars? You can instead have a handful of "modest" properties spread around the world for that much. *THAT* would be mobility.

No, really, how much is that boat? (not even considering fuel, maintenance, staff, etc...)

That boat is around $2 big*. It is nearly 20 meters long. Which is too big for many people I admit. Wouldn't be much of a trouble for a btc multimillionaire though.  

You can get a bit smaller one (around 14-15meters) for a way cheaper price. Usually under $500k.

See yourself:
https://www.theyachtmarket.com/boatsearchresults.aspx


* http://www.yachtworld.com/boats/2018/Bavaria-C65-3111798/Southampton/United-Kingdom

Btw, you really don't need much fuel for these boats. They are built to cross oceans. Wind powa. Fuel is only needed for emergency situations and when you are entering/leaving the port/marina. Maintenance costs would fuck you up though. So does marina rents. Consider these as a rent to live in a mobile house.

All in all a 15 meters long boat is pretty manageable according to my calculations. Pretty doable. I need to hoard more bitcoins. 

[Last of the V8s]

The future's bright.



The future's bitcoin.

[realr0ach]

That boat is around $2 big. It is nearly 20 meters long.

Since most of you people seem to be boat noobs, let me tell you how it works.  Around 34' is the smallest you would want to live on where you can get a stand up shower that you don't have to sit on the toilet to shower on.  Then around 40-42' is the longest you would want to go due to maintenance and dock fees skyrocketing for anything higher.  Also, a catamaran can net you DOUBLE dock fees due to taking up more than one slip due to being so wide.  So instead of $500 a month or whatever, it would be $1000 a month slip fees.

Having said that, most people would probably prefer a catamaran if you got the money; around $120k for a decent one you can live on vs as low as something like $20k for monohull you can live on.  I consider the vast majority of boats to be death traps, though.  I seem to recall reading about some brand new $300k+ Beneteau where the keel just fell off, instantly sinking the boat and killing the guy.  Something like that is not going to happen in a catamaran (since it doens't have a standard keel), but will flip easier.

The only reason all these monohulls are so cheap now is like I said, most people are shifting towards catamarans, so you can get a good deal on monohulls that seem to be going out of style.  I hear cats were the original boat design that evolved in the world with these Fiji-like island native people or whatever, but monohulls were better at carrying vast amounts of cargo like gold and silver.  Cats seem to be worse for crossing an ocean, though.  Most people do it in a minimum of a 40' monohull.

[mindrust]

 I seem to recall reading about some brand new $300k+ Beneteau where the keel just fell off, instantly sinking the boat and killing the guy.

The chances for that to happen again is the same as getting struck by a lightning on a sunny day.

Many people died because of faulty Tesla cars too. Do we say Tesla's are death traps?

You should never buy a $20k boat which is 20 years old though. That's a death trap.

Oh no! why did I unignore roach. daym.

Btw people are not shifting to catamarans. You are pulling from ass again. Monohulls are always the king shit.

[realr0ach]

 I seem to recall reading about some brand new $300k+ Beneteau where the keel just fell off, instantly sinking the boat and killing the guy.

The chances for that to happen again is the same as getting struck by a lightning on a sunny day.

Many people died because of faulty Tesla cars too. Do we say Tesla's are death traps?

You should never buy a $20k boat which is 20 years old though. That's a death trap.

Oh no! why did I unignore roach. daym.

Btw people are not shifting to catamarans. You are pulling from ass again. Monohulls are always the king shit.

Bullshit.  You're definitely not a good trader if you can't figure out the vast price discounts on monohulls is because demand for cats is higher.  If you have the money to do so, typically ANYONE would rather live on a nice cat than a nice monohull.  As for other monohull vs cat comparisons, I'm in the camp of thought where I'd rather be flipped upside down and clinging to the side of the boat rather than sinking to the bottom of the ocean and clinging to it there.  

There is a lot of dispute about cats as to which ones actually do float well or not while tipped over, though.  Some of the things seem like they only remain above water by an inch, possibly rendering it not useful as a lifeboat with waves constantly crashing over it.

[Elwar]

Hmm, real estate that is mobile...


That's part of why I'm interested in seasteading. I'm investing the amount in the Blue Frontiers currency what I would pay for a house (the only currency they will accept for seastead real estate). SEC won't let me say the value of that investment will go up but at least I won't have to worry about buying the limited currency down the road.

[Ivor Biggun]

I thought wood paneling went out of vogue with bell bottoms and Brylcreem...

Bell bottoms and Brylcreem are out of vogue?

I thought Brylcreem was so trendy that bitcoin cash based its logo on it.

[realr0ach]

Hmm, real estate that is mobile...


That's part of why I'm interested in seasteading. I'm investing the amount in the Blue Frontiers currency what I would pay for a house (the only currency they will accept for seastead real estate). SEC won't let me say the value of that investment will go up but at least I won't have to worry about buying the limited currency down the road.

https://amp.businessinsider.com/images/5aa2bfb37dafe124008b458d-1136-568.jpg

Are you still trolling us with this seasteading thing?  The amount of effort to supply those things with electricity, water, and plumbing will be astronomical.  It's only a rich man's game in other words.  If you're already rich, you could just buy some beachfront property and not have to deal with those issues.  If you're broke, you would just get a regular boat to live on instead.  

So the r0ach cost benefit analysis is:  there is no viable demographic for this seasteading delusion unless it's a rich guy that just wants to do it for novelty purposes.  The state will still have full control over your property due to their claims on those waterways, so it doesn't accomplish anything there.  If you tried to do this out in international waters, like 200 miles out, you would be completely demolished by enormous waves, hurricanes, etc.  Hell, that will happen 1 mile out!

[bitcoinPsycho]

Hmm, real estate that is mobile...


That's part of why I'm interested in seasteading. I'm investing the amount in the Blue Frontiers currency what I would pay for a house (the only currency they will accept for seastead real estate). SEC won't let me say the value of that investment will go up but at least I won't have to worry about buying the limited currency down the road.

https://amp.businessinsider.com/images/5aa2bfb37dafe124008b458d-1136-568.jpg

Are you still trolling us with this seasteading thing?  The amount of effort to supply those things with electricity, water, and plumbing will be astronomical.  It's only a rich man's game in other words.  If you're already rich, you could just buy some beachfront property and not have to deal with those issues.  If you're broke, you would just get a regular boat to live on instead.  

So the r0ach cost benefit analysis is:  there is no viable demographic for this seasteading delusion unless it's a rich guy that just wants to do it for novelty purposes.  The state will still have full control over your property due to their claims on those waterways, so it doesn't accomplish anything there.  If you tried to do this out in international waters, like 200 miles out, you would be completely demolished by enormous waves, hurricanes, etc.  Hell, that will happen 1 mile out!

"Are you still trolling us"  WTF