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

[gentlemand]

Think "private airplane". I so want one, but such a bad idea.

That's a weird one to me.

There are so many owners desperate to make their millstone pay that you'll forever have the entire market at your beck and call to hire. You'll also get the latest and greatest one without fail.

Other than the convenience factor to obscure airports a lot of them look pretty goddamn pokey to me. I'd rather have an Etihad apartment and force the butler to pluck my clinkers while another one sucks the fungus off my toes and gobs it back on to my cheese board.

[LFC_Bitcoin]

Be like Dan.




https://twitter.com/evanryer/status/1227633739750158336?s=21





Best advice anybody can ever get -



https://twitter.com/bitcoin/status/1227641718742208513?s=21

[kurious]

That bus on the left seems to go to a much more popular destination:

https://txstreet.com/beta/street/bitcoin-bitcoincash

It's not just the desirability of the destination... Just looked and with buses on the right nearly an hour apart (about 53 minutes since last block according to that site) then it's no real surprise.  If you're going to the party, why wait?

EDIT: apparently sometimes you need to wait five HOURS for one.  I had no idea it was that bad.

[lightfoot]

Think "private airplane". I so want one, but such a bad idea.

That's a weird one to me.

There are so many owners desperate to make their millstone pay that you'll forever have the entire market at your beck and call to hire. You'll also get the latest and greatest one without fail.

Other than the convenience factor to obscure airports a lot of them look pretty goddamn pokey to me. I'd rather have an Etihad apartment and force the butler to pluck my clinkers while another one sucks the fungus off my toes and gobs it back on to my cheese board.

Well flying is as fun as hell. And yes you can go to all sorts of odd places. I remember flying out to Catalina island once to grab a buffalo burger on the mountainside. So much better than screwing with ferries.

[eddie13]

Their are a lot of great cars that you can buy that will actually appreciate in value, as a good investment, even including some Lambos..
Don't buy a newer Lambo whose value is falling off a cliff, buy a classic Lambo whose value is steady and going up from here..

Off the top of my head some good investment cars would be an e30 M3, Porsche 951/928.. 911s might be a bit overbought still but will hold great value..

You guys are talking about buying modern electronics packed cars that will be a maintenance nightmares destined for the crusher.. (Mercedes)
Maybe a classic Mercedes Cosworth would be a good option.. 

For anything relatively new I would look into the new Corvettes.. Probably faster than them Lambos and cheaper to buy/maintain, more reliable, etc..

I don't like newer cars much though..
No way I'd sink money into a new Range Rover.. You'd probably lose more money on the rover than you would on a new Lambo..
Those things are very expensive new and depreciate like wildfire due to their incredible unreliability, always breaking..
They are owned by India's Tata and have been plagued by horrible quality control in their Chinese manufacturing..
Google "Land Rover china" (coronachan bites them recently) and then "Land Rover china quality control" to see about their recent issues..

[BitcoinNewsMagazine]

Boats are really a hole in the water. Go for it if you really love fishing. I always buy a used car let someone else take the depreciation hit.

There are worse things than boats. Think "private airplane". I so want one, but such a bad idea.

Same for used cars. Never owned a new one.

Good point. I don't fly but if I was a private pilot I could see trying to swing a small private prop plane for fun. I have owned boats and never again ... I am not an avid fisherman. I have friends who live for fishing, like tarpon tournaments, it is their passion and they sink a lot of money into their hobby. Their wives feel it keeps them out of trouble, so to speak.

I can take or leave fishing. When I do fish, I like to use someone else's boat and I always chip in for the diesel. Guys who are into trophy fishing almost never use gas engines, they prefer diesel for long life and reliability in my experience. These are the guys with forty foot boats with inboard engines, not your weekend fisherman who tows a boat.

[MichaelX]

The problem with private planes are not the planes themselves, but you need to always fly with a full tank of gas all the time.

[mindrust]

Fishing is a great relaxing hobby as long as it stays as a hobby.

Many fish people go absolute geek on fishing which kills the fun imo. If you learn everything and everything about fishing of course you can almost catch anything without any failures. Where is the fun in that?

Catching fish and watching the beautiful sea is almost equally fun for me. They complete each other.

I'd cast my fishing rod in every 15-20 mins while I was watching the beautiful sea view and drinking my wine, if I get a fish, it is just a plus in the big picture and a free dinner or lunch. If not, It would be less fun but still wouldn't hurt my fun so much.

I like fishing but it is the secondary fun element on a boat imo. Not the main target.

[mindrust]

What about this one?



Buy the fucking dip? It is the highest USD price against EUR in the last 2 years. Last time EUR was this low it was in Q1 2017.

Since I am mostly hodling USD as FIAT, I'll try my luck with this one. For every ~%1 decrease from this point, I am selling %15 of my USD for EUR. (Starting from this price point) @ USD-EUR (1:1.03), I'll be full Eur.

*It is probably a better idea to just buy bitcoin instead of messing with this shit just to make %10-20

[HairyMaclairy]

Their are a lot of great cars that you can buy that will actually appreciate in value, as a good investment, even including some Lambos..
Don't buy a newer Lambo whose value is falling off a cliff, buy a classic Lambo whose value is steady and going up from here..

Off the top of my head some good investment cars would be an e30 M3, Porsche 951/928.. 911s might be a bit overbought still but will hold great value..

You guys are talking about buying modern electronics packed cars that will be a maintenance nightmares destined for the crusher.. (Mercedes)
Maybe a classic Mercedes Cosworth would be a good option..  

For anything relatively new I would look into the new Corvettes.. Probably faster than them Lambos and cheaper to buy/maintain, more reliable, etc..

I don't like newer cars much though..
No way I'd sink money into a new Range Rover.. You'd probably lose more money on the rover than you would on a new Lambo..
Those things are very expensive new and depreciate like wildfire due to their incredible unreliability, always breaking..
They are owned by India's Tata and have been plagued by horrible quality control in their Chinese manufacturing..
Google "Land Rover china" (coronachan bites them recently) and then "Land Rover china quality control" to see about their recent issues..

Modern Land Rover is fine.  They make a great product and they are as reliable as any other marque.  Never thought I would say this but Tata buying them is the best thing that ever happened to them. They pumped in money and let the engineers get on with it.

Never had to deal with JLR China so can’t comment on cars built for the Chinese market.  However Chinese tastes are very different from the West.  They like big flashy cars with small price tags, which ends up with horrible underpowered boats.  Audi A5s with 1.8 litre engines - wtf?

[Raja_MBZ]

Cryptoasset Requirements Set for Release by Treasury

https://www.bloomberg.com/news/articles/2020-02-12/cryptoasset-rules-set-for-release-by-trump-administration

The Trump administration soon will announce new requirements for cryptoassets, Treasury Secretary Steven Mnuchin said.

Mnuchin told a Senate Finance Committee hearing on Wednesday that the department’s Financial Crimes Enforcement Network is preparing the announcement.

“We are about to roll out some significant new requirements,” he said without elaborating.

The Financial Crimes Enforcement Network works to prevent money laundering, terrorist financing and other financial crimes.

(Updates with Financial Crimes Enforcement Network explanation in fourth paragraph.)

[julian071]

Cryptoasset Requirements Set for Release by Treasury

https://www.bloomberg.com/news/articles/2020-02-12/cryptoasset-rules-set-for-release-by-trump-administration

The Trump administration soon will announce new requirements for cryptoassets, Treasury Secretary Steven Mnuchin said.

Mnuchin told a Senate Finance Committee hearing on Wednesday that the department’s Financial Crimes Enforcement Network is preparing the announcement.

“We are about to roll out some significant new requirements,” he said without elaborating.

The Financial Crimes Enforcement Network works to prevent money laundering, terrorist financing and other financial crimes.

(Updates with Financial Crimes Enforcement Network explanation in fourth paragraph.)

"The land of the free".

[Globb0]

Their are a lot of great cars that you can buy that will actually appreciate in value, as a good investment, even including some Lambos..
Don't buy a newer Lambo whose value is falling off a cliff, buy a classic Lambo whose value is steady and going up from here..

Off the top of my head some good investment cars would be an e30 M3, Porsche 951/928.. 911s might be a bit overbought still but will hold great value..

You guys are talking about buying modern electronics packed cars that will be a maintenance nightmares destined for the crusher.. (Mercedes)
Maybe a classic Mercedes Cosworth would be a good option..  

For anything relatively new I would look into the new Corvettes.. Probably faster than them Lambos and cheaper to buy/maintain, more reliable, etc..

I don't like newer cars much though..
No way I'd sink money into a new Range Rover.. You'd probably lose more money on the rover than you would on a new Lambo..
Those things are very expensive new and depreciate like wildfire due to their incredible unreliability, always breaking..
They are owned by India's Tata and have been plagued by horrible quality control in their Chinese manufacturing..
Google "Land Rover china" (coronachan bites them recently) and then "Land Rover china quality control" to see about their recent issues..

Modern Land Rover is fine.  They make a great product and they are as reliable as any other marque.  Never thought I would say this but Tata buying them is the best thing that ever happened to them. They pumped in money and let the engineers get on with it.

Never had to deal with JLR China so can’t comment on cars built for the Chinese market.  However Chinese tastes are very different from the West.  They like big flashy cars with small price tags, which ends up with horrible underpowered boats.  Audi A5s with 1.8 litre engines - wtf?

Maybe some older car that wont die from a smart bomb?

[HairyMaclairy]

Add an electric car that runs off solar panels for when fuel supplies get cut

[kurious]

Cryptoasset Requirements Set for Release by Treasury

https://www.bloomberg.com/news/articles/2020-02-12/cryptoasset-rules-set-for-release-by-trump-administration

The Trump administration soon will announce new requirements for cryptoassets, Treasury Secretary Steven Mnuchin said.

Mnuchin told a Senate Finance Committee hearing on Wednesday that the department’s Financial Crimes Enforcement Network is preparing the announcement.

“We are about to roll out some significant new requirements,” he said without elaborating.

The Financial Crimes Enforcement Network works to prevent money laundering, terrorist financing and other financial crimes.

(Updates with Financial Crimes Enforcement Network explanation in fourth paragraph.)

So, the Federal Gov't wants to "prevent cryptocurrencies from being used as 'secret bank accounts.' "

I guess that means they want secret bank accounts to only be in dollars. Which, given the president seems to favour this personally for his loans and financial affairs, is more about just keeping the status quo in force and perhaps diverting attention from it.

If they really were dealing with the kind of money laundering that quite normally goes on (which just by the major banks activities, probably exceeds Bitcoins entire market cap over the past few years alone) then I would have no reason to question their motives.

[soxxx]

Cryptoasset Requirements Set for Release by Treasury

https://www.bloomberg.com/news/articles/2020-02-12/cryptoasset-rules-set-for-release-by-trump-administration

The Trump administration soon will announce new requirements for cryptoassets, Treasury Secretary Steven Mnuchin said.

Mnuchin told a Senate Finance Committee hearing on Wednesday that the department’s Financial Crimes Enforcement Network is preparing the announcement.

“We are about to roll out some significant new requirements,” he said without elaborating.

The Financial Crimes Enforcement Network works to prevent money laundering, terrorist financing and other financial crimes.

(Updates with Financial Crimes Enforcement Network explanation in fourth paragraph.)

So, the Federal Gov't wants to "prevent cryptocurrencies from being used as 'secret bank accounts.' "

I guess that means they want secret bank accounts to only be in dollars. Which, given the president seems to favour this personally for his loans and financial affairs, is more about just keeping the status quo in force and perhaps diverting attention from it.

If they really were dealing with the kind of money laundering that quite normally goes on (which just by the major banks activities, probably exceeds Bitcoins entire market cap over the past few years alone) then I would have no reason to question their motives.

There isnt much they can do anyway. They probably would want people to report their Bitcoin address to the government, which makes zero difference because of KYC, they have most peoples addresses. Also the good criminals would never report their addresses so its whatever.

[lightfoot]

The problem with private planes are not the planes themselves, but you need to always fly with a full tank of gas all the time.

Depends on weight and balance calculations. :-)

[lightfoot]

"The land of the free".

Hm. Same government that now uses the FBI and DOJ to reward and punish people based on political affiliation and "pull". What can go wrong with that?

[xhomerx10]

Ten four good buddies!

[sirazimuth]

Boats are really a hole in the water. Go for it if you really love fishing. I always buy a used car let someone else take the depreciation hit.

There are worse things than boats. Think "private airplane". I so want one, but such a bad idea.

Same for used cars. Never owned a new one.

Good point. I don't fly but if I was a private pilot I could see trying to swing a small private prop plane for fun. I have owned boats and never again ... I am not an avid fisherman. I have friends who live for fishing, like tarpon tournaments, it is their passion and they sink a lot of money into their hobby. Their wives feel it keeps them out of trouble, so to speak.

I can take or leave fishing. When I do fish, I like to use someone else's boat and I always chip in for the diesel. Guys who are into trophy fishing almost never use gas engines, they prefer diesel for long life and reliability in my experience. These are the guys with forty foot boats with inboard engines, not your weekend fisherman who tows a boat.

My neighbor told me the 2nd happiest day of his life was the day he bought his boat.
His happiest day was the day he sold it....