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

[bitserve]

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:

[Torque]

The MSM is a contrarian indicator, only ever bullish when the price is going to drop.

So I feel like all the pro-Bitcoin news I've read over the last week or so tells me another dump is coming.

I'm guessing we'll retest the $8K level again soon^TM.

[gentlemand]

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.

[Toxic2040]

https://twitter.com/stlouisfed/status/990689717384613894

https://research.stlouisfed.org/publications/review/2018/02/13/the-case-for-central-bank-electronic-money-and-the-non-case-for-central-bank-cryptocurrencies?&utm_source=Twitter&utm_medium=SM&utm_term=other&utm_content=pub&utm_campaign=3599

Conclusion

The distinguishing characteristic of cryptocurrencies is the decentralized nature of transaction handling, which enables users to remain anonymous and allows for permissionless access. These key characteristics are a red flag for central banks, and we predict that no reputable central bank would issue a decentralized virtual currency where users can remain anonymous. The reputational risk would simply be too high. Rather, central banks could issue central bank electronic money. This money would be tightly controlled by them, and users would be subject to standard KYC ("know your customer") and AML ("anti-money laundering") procedures.

Some central banks supposedly are evaluating the issuance of a central bank cryptocurrency. However, a closer look at these projects reveals that these are not cryptocurrencies according to our definition in Figure 1. The projects usually are highly centralized.

In general, we don't think that a central bank should be in the business to satisfy the demand for anonymous payments. We believe that such a demand can and will be perfectly satisfied by the private sector, in particular through cryptocurrencies. History and current political reality show that, on the one hand, governments can be bad actors and, on the other hand, some citizens can be bad actors. The former justifies an anonymous currency to protect citizens from bad governments, while the later calls for transparency of all payments. The reality is in between, and for that reason we welcome anonymous cryptocurrencies but also disagree with the view that the government should provide one.

Its the last paragraph that really caught my attention.

[jojo69]

... you can't eat a human tenant if they don't cough up.

of course you can

please, this dystopia is no place to be squeamish

[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.

[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.