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

[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. :-)

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[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....

[AlcoHoDL]

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....

That's exactly what I wanted to write. There are two happy days in boat owners, the day they buy and the day they sell!

IMHO, when it comes to boats and planes, you need to really be RICH to afford them. It's not the cost of buying, but of maintaining. For a $1M boat or plane, I'd say (really wild guess) you need about the same amount of yearly steady income, plus several $M of savings to be able to enjoy it.

A Tesla will do for me.

[marcus_of_augustus]

I’ll just take a standard Range Rover or something & a huge house

I would suggest either a truck or an SUV like a Jeep. Something that can run over the nocoiners. Lambos (and most other lowered sports cars) are bad if they don't have any roads or any speed bumps in the way are difficult to avoid.

... i agree, when the corona apocalypse hits you'll need something bigger than a landrover to run over nocoiners

[goldkingcoiner]

Bearish RSI swing rejection on the 12H for Bitcoin and RSI bearish divergence for ETH. Are we going dump? I think we are about to dump down to 9ks.

[marcus_of_augustus]

.... and in the planes department these depreciate 'slowish'. But you need to be a proper pilot ... swings 'n roundabouts.

[Wekkel]

Bearish RSI swing rejection on the 12H for Bitcoin and RSI bearish divergence for ETH. Are we going dump? I think we are about to dump down to 9ks.

Perhaps you’re right on the short term but longer term I see this spiking to about $20-24k after we will get a larger ‘correction’ dump.

Don’t sell too early.

[OutOfMemory]

Bearish RSI swing rejection on the 12H for Bitcoin and RSI bearish divergence for ETH. Are we going dump? I think we are about to dump down to 9ks.

Honestly, i think BTC will do better than Ether. SOMA

[hodl_2015]

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.)

If they try to make bitcoin useless for those things, does that make the value zero (so no taxes) in those situations?
Or are they promoting bitcoin for those use-cases as a valuable payment system, so it can be taxed accordingly? confused now.

[bitserve]

I was searching for stuff to support my post above sayin how lambo is a bad idea, wrote a lot about it then...

Just when I started talking of cars, I'll post 3 of my favorite cars:


Tier 3
(monster tier)
Over a lambo anyday.


Not much to say. This thing shits on lambo on any day of the week. If I ever reach the lambo levels networth, this is my lambo of choice.

What's that? Some sort of SLR? (Yeah I guess so, it looks so "different" in black...)

My "lambo" would probably be the SLR McLaren Bravus:



And no, no matter how high Bitcoin goes or how rich I ever become. I will NEVER have it. Probably I don't even *really* want it. It's so beautiful though...

[kurious]

What's with the Mercs?  I have always fancied a little second hand runabout like this...

[HI-TEC99]

I was searching for stuff to support my post above sayin how lambo is a bad idea, wrote a lot about it then...

Just when I started talking of cars, I'll post 3 of my favorite cars:


Tier 3
(monster tier)
Over a lambo anyday.


Not much to say. This thing shits on lambo on any day of the week. If I ever reach the lambo levels networth, this is my lambo of choice.

What's that? Some sort of SLR? (Yeah I guess so, it looks so "different" in black...)

My "lambo" would probably be the SLR McLaren Bravus:



And no, no matter how high Bitcoin goes or how rich I ever become. I will NEVER have it. Probably I don't even *really* want it. It's so beautiful though...

They will probably start banning petrol cars within 12 years, so your SLR McLaren Bravus wouldn't be much use in the long term.

[Gyrsur]

Ten four good buddies!

i see a slightly rise of the price. could be the bulls are waiting for some sign to start the attack on the AYH.

[Last of the V8s]

oh oh ten four. got it
ten four ha ha

[goldkingcoiner]

Bearish RSI swing rejection on the 12H for Bitcoin and RSI bearish divergence for ETH. Are we going dump? I think we are about to dump down to 9ks.

Perhaps you’re right on the short term but longer term I see this spiking to about $20-24k after we will get a larger ‘correction’ dump.

Don’t sell too early.

Oh yes I definitely agree. I am just saying, now looks like the optimal time to close those longs. I am shorting to around 9000-9100 and then longing to Ireallycan'timagine.

[HairyMaclairy]

Shorting bull markets pays poorly. 

[JayJuanGee]

That's why I am not going to buy a lambo. Although theoretically I already can buy one almost new 8K km 2019 huracan right now.   I prefer a beach villa for this price.

I did not know that you were a lil fattie, ivomm.    

Yeah in all seriousness I won’t be buying Lambo’s. Imagine how much a car like that depreciates in value over 2-3 years. Yes I know our bitcoin’s will be worth more (presumably) as time goes on but money is money. I don’t like losing money!

I’ll just take a standard Range Rover or something & a huge house

Seems to me, LFC, that if you play things well, you have enough bitcoin that you might surpass regular richie status and advance into filthy richie status, as long as you do not sell too many of your fiends too soon....

Accordingly, once into "flilthy richie" status, the depreciation factor would no longer be a matter to weigh, and the only things that would be weighed would be: "is it fun" and/or "does it add to status".

[Icygreen]

More from the FED, J. Powell clarifies the way forward with more QE. Meanwhile, repo market bailouts are still 'not QE'.  
https://www.marketwatch.com/story/powell-says-fed-will-aggressively-use-qe-to-fight-next-recession-2020-02-12

Despite Trumps claims that jobs are booming in the USA, Job openings declining fastest since the 2008 crisis.
https://finance.yahoo.com/news/job-openings-decline-at-fastest-pace-since-2009-morning-brief-110424198.html

Also, USA credit card debt hits an all time record high
https://www.pymnts.com/debt/2020/us-credit-card-debt-hits-all-time-high-of-930b-delinquencies-rise/

USA household debt also at ATH
https://currentaffairsonline.co.uk/2020/02/12/household-debt-hits-record-high-of-14-1-trillion/

On a positive note (sarc), the economy will not feel a recession this summer and consumer lifestyles will remain priority. Yeah, lets refinance the house and go shopping with the credit card!