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

[El duderino_]

110 days into the new BTCaby BTCull Market and all is well. 

yes nice you keep the count.... if we have saw the bottom and be in a mature BULLrun, then you and HM are the prophets of predictions

[Colonel Panic]

Billionaire Brock Pierce takes out first-ever Bitcoin-backed mortgage to buy a $1.2m home in Amsterdam.

https://bitcoinist.com/billionaire-brock-pierce-takes-out-first-ever-bitcoin-backed-mortgage/

The guy's a billionaire and he's taking a mortgage?

 Shhhh!  He's causing more fiat to be printed thereby increasing our Bitcoin value.  Don't tell him about the compound interest!

It is cheaper to take a mortage than paying the full price directly, even for a billionaire

He's actually doing what a true believer should do. It means he doesn't need to sell (or, indeed is able to buy another) 250 or so coins in this case, while putting up the coins in collateral.

He probably has to put up double or so to mitigate against the market going down, but still, he gets to buy the house and still enjoy the moonshot which he clearly thinks is on the cards.

Its good to make the coins work for you, though there is de-anonimisation and counterparty/seizure risk of course.

[Colonel Panic]

Bitcoin we love!

He did the right thing. It's very important to find the other half who understands you.

simple rule: if they didn't tell you when to buy, they can't tell you when to sell

[okala]

https://twitter.com/crypToBanger/status/1108868392902119424

This is good, bitcoin will moon pretty soon.

Can I have this pic for me?

I'll make it a wallpaper from now on so it will inspire me every time I open my laptop.

The picture is really nice and to say it contains the chart of the two contending commodities on the exchange which is gold and bitcoin the picture will really be inspiring at every moment, I am hopeful that bitcoin is up to the moon this time around.

[bitserve]

Billionaire Brock Pierce takes out first-ever Bitcoin-backed mortgage to buy a $1.2m home in Amsterdam.

https://bitcoinist.com/billionaire-brock-pierce-takes-out-first-ever-bitcoin-backed-mortgage/

The guy's a billionaire and he's taking a mortgage?

 Shhhh!  He's causing more fiat to be printed thereby increasing our Bitcoin value.  Don't tell him about the compound interest!

It is cheaper to take a mortage than paying the full price directly, even for a billionaire

He's actually doing what a true believer should do. It means he doesn't need to sell (or, indeed is able to buy another) 250 or so coins in this case, while putting up the coins in collateral.

He probably has to put up double or so to mitigate against the market going down, but still, he gets to buy the house and still enjoy the moonshot which he clearly thinks is on the cards.

Its good to make the coins work for you, though there is de-anonimisation and counterparty/seizure risk of course.

Not only that. The property is also collateral... Plus all his net worth... present and future income. It's all just a publicity stunt. A good one though.

[Colonel Panic]

Billionaire Brock Pierce takes out first-ever Bitcoin-backed mortgage to buy a $1.2m home in Amsterdam.

https://bitcoinist.com/billionaire-brock-pierce-takes-out-first-ever-bitcoin-backed-mortgage/

The guy's a billionaire and he's taking a mortgage?

 Shhhh!  He's causing more fiat to be printed thereby increasing our Bitcoin value.  Don't tell him about the compound interest!

It is cheaper to take a mortage than paying the full price directly, even for a billionaire

He's actually doing what a true believer should do. It means he doesn't need to sell (or, indeed is able to buy another) 250 or so coins in this case, while putting up the coins in collateral.

He probably has to put up double or so to mitigate against the market going down, but still, he gets to buy the house and still enjoy the moonshot which he clearly thinks is on the cards.

Its good to make the coins work for you, though there is de-anonimisation and counterparty/seizure risk of course.

Not only that. The property is also collateral... Plus all his net worth... present and future income. It's all just a publicity stunt. A good one though.

Indeed, and with the debt denominated in fiat the risk to the coin is small (esp as he no doubt has plenty more to meet a margin call). I have to say I think its more than just a publicity stunt: why not have an extra (not insignificant) BTC250 staked for the next run?

For the rest of us its also 250 not sold and potentially many more not sold as OGs dont need to dump to buy islands etc

[kurious]

Billionaire Brock Pierce takes out first-ever Bitcoin-backed mortgage to buy a $1.2m home in Amsterdam.

https://bitcoinist.com/billionaire-brock-pierce-takes-out-first-ever-bitcoin-backed-mortgage/

The guy's a billionaire and he's taking a mortgage?

 Shhhh!  He's causing more fiat to be printed thereby increasing our Bitcoin value.  Don't tell him about the compound interest!

It is cheaper to take a mortage than paying the full price directly, even for a billionaire

He's actually doing what a true believer should do. It means he doesn't need to sell (or, indeed is able to buy another) 250 or so coins in this case, while putting up the coins in collateral.

He probably has to put up double or so to mitigate against the market going down, but still, he gets to buy the house and still enjoy the moonshot which he clearly thinks is on the cards.

Its good to make the coins work for you, though there is de-anonimisation and counterparty/seizure risk of course.

Not only that. The property is also collateral... Plus all his net worth... present and future income. It's all just a publicity stunt. A good one though.

Maybe it's such good promotion, he got the loan at zero interest. 

He'd probably know some of the people involved. When you're rich and famous, you get far more for free.  There are some people who are always on the guest list - it's good for business.

[Colonel Panic]

...also not selling means means no CGT due, which could be quite a saving

[El duderino_]

https://twitter.com/RedditBTC/status/1114114047379681280

[El duderino_]

https://twitter.com/IrnCrypt/status/1113651331833716738

[El duderino_]

BTC@ 3800$ -----> 1BTC = 1BTC

BTC@ 5000$------>1BTC = 1BTC

foreseeable future

BTC@ 20 000$---->1BTC = 1BTC

BTC@ 100 000$--->1BTC = 1BTC

And the story continuous

[bitserve]

Billionaire Brock Pierce takes out first-ever Bitcoin-backed mortgage to buy a $1.2m home in Amsterdam.

https://bitcoinist.com/billionaire-brock-pierce-takes-out-first-ever-bitcoin-backed-mortgage/

The guy's a billionaire and he's taking a mortgage?

 Shhhh!  He's causing more fiat to be printed thereby increasing our Bitcoin value.  Don't tell him about the compound interest!

It is cheaper to take a mortage than paying the full price directly, even for a billionaire

He's actually doing what a true believer should do. It means he doesn't need to sell (or, indeed is able to buy another) 250 or so coins in this case, while putting up the coins in collateral.

He probably has to put up double or so to mitigate against the market going down, but still, he gets to buy the house and still enjoy the moonshot which he clearly thinks is on the cards.

Its good to make the coins work for you, though there is de-anonimisation and counterparty/seizure risk of course.

Not only that. The property is also collateral... Plus all his net worth... present and future income. It's all just a publicity stunt. A good one though.

Maybe it's such good promotion, he got the loan at zero interest.  

He'd probably know some of the people involved. When you're rich and famous, you get far more for free.  There are some people who are always on the guest list - it's good for business.

I would need to read the EXACT contract in FULL. I don't believe a word of what that guy says. Anyway... good publicity stunt, that's all it matters to me.

P.S.: Oh, and I DON'T think the guy is a BILLIONAIRE. I mean, REALLY??!?!

[bitcoinPsycho]

[El duderino_]

hello 5K

[wachtwoord]

Does anyone else see bitcoinwisdom showing large price swings on high volume these week but then upon refreshing remove all trace of it without proof it ever happened with the price flattish?

Is it bugged?

Edit;

Now every refresh the last hourly volume bar drops to zero and starts recounting from zero. Very strange.

[bitcoinPsycho]

hello 5K

[BitcoinGirl.Club]

Well you need to upgrade your tires 🙂

[BitcoinGirl.Club]

hello 5K

Stay there 🙂

[LFC_Bitcoin]

BTC@ 3800$ -----> 1BTC = 1BTC

BTC@ 5000$------>1BTC = 1BTC

foreseeable future

BTC@ 20 000$---->1BTC = 1BTC

BTC@ 100 000$--->1BTC = hookers, blow & Lambos

And the story continuous

FTFY

[_javier_]

the Bitcoineta is on fire!

(you dont want to know how that Bitcoineta ended)