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

[Gyrsur]

1

[Paashaas]

That horror crash from Romain Grosjean, that accident was the worst i've seen in along time.

His escape is miraculous, enduring 5-10 sec in flames just amazing that he was able to get out of that car.

[heslo]

That horror crash from Romain Grosjean, that accident was the worst i've seen in along time.

His escape is miraculous, enduring 5-10 sec in flames just amazing that he was able to get out of that car.

Was just about to post this; been watching myself. Fucking amazing he managed to get out of that alive. I've never seen a modern F1 car go up like that. So fucking lucky! His head was between the TecPro barrier and the halo. I have no idea how he survived

https://streamable.com/uzgo2z

[JayJuanGee]

..... coinbase as ive used it since 2013 or so.
....

Same here bro.
Only bitcoin outfit I have ever dealt with that has never once been hacked or I've ever had a single issue with in my seven years
in the crypto currency theater( and I've had a lot of them. )

.... be aware it gets a lot of hate for reasons but it works.

....

A lot of Coinbase hate in the wob thread ?? 
Say it it ain't so!!!  lmao


...

Coinbase Offers US Feds New Crypto Surveillance Tools

https://www.coindesk.com/coinbase-analytics-blockchain-analysis-crypto-government

It's one thing to play by the rules and report to IRS which is required, but it's a different ball game to actively sell tracking software to governments, why are you funding this again?

Use gemini at least the Winterfloss twins are pro bitcoin

I remember I checked it and Gemini had huge fees... so what else can you suggest if not Coinbase? Kraken? Binance? Ol good Bitstamp? Cashout time is getting closer HODLers need to be ready...  perhaps OTC is the way to go? 

Open gemini ActiveTrader account initial taker fees are 0.35%
https://www.gemini.com/fees/activetrader-fee-schedule#section-active-trader-fee-schedule

of course bisq is also an option https://bisq.network/

I just looked at that Gemini fee schedule, and sure, the highest priced taker fees are .35%, like you said, and for those of us who are inclined to place orders, the maker fees are starting at .25%.  Maybe I will have to start trading Gemini again?  There was a period of time, maybe a couple of years ago, in which Gemini fees had gone up to 1% or something like that, and I cannot recall the exact details, but such raising of the fees seemed to have been more than double of other fees that I had been paying at that time.. so I reduced my number of trades on their platform - but now, the fees on Gemini are seeming much more competitive... so sure.. I am going to have to reconsider my activities on that platform...

By the way, with almost any trading platform I have had good and bad experiences, so I recall in late 2015 getting a bit pissed off at Gemini when they reversed some of the trades based on a fat thumb situation, and I was affected by that, even though such reversal of my trades did not cost me a whole lot, it still irritated me, and kind of messed up my system.

I had some good experiences with Coinbase in terms of recovering my account after it was hacked in early 2017.. and then at that point, Coinbase migrated my value over to another account.. so I thought that we were "all good" but then in early 2018 (I believe that was when it was), my CB account had gotten frozen based on a bank transfer of something like $500 that I had requested to have deposited into my CB account... I cannot recall the exact details, but it took CB nearly forever to communicate with me about what was going on, and they even seemed to blame the matter on my bank, and then I contacted my bank, and they said that they had not done anything to flag or freeze that $500 bank transfer request that ended up going back into my bank account.  So after a few months of waiting and my asking CB about what was going on every couple of weeks, CB ended up giving me some vague-ass explanation that I needed to remove all my money off of their exchange.. they would not connect any other bank account with me (as I suggested as a possibility), and pretty much they allowed me to trade out of the dollars that were then on my CB account and to withdraw all of the BTC balance.. (I believe around the middle of 2018) which was pretty much.. .the end of my having any value on such account. 

I did try to use my CB account after mid-2018, and it did not really allow me to do anything, and really hardly any explanation about what their supposed issue with me.. even though I had an account with them since late 2013 that had got transferred to another account in mid-2017... And, yeah, we have heard other stories about issues that people have had with Coinbase, and in my case, I just find the whole thing to be weird with the lack of explanation from them, my willingness to work with them, and even that I had pretty solid explanations for my source of funds through the times that I had those accounts, including that I had made quite a few purchase from them through the years, including in the early years, and even a lot of those were frequent small purchases, so in my seemingly normie thinkenings, I speculated that red flags should NOT have been there... but sure, there could be some desires for them to remove certain kinds of accounts - and my account fit within their target to remove definition, and they did not feel like I deserved any explanation for that.

[Hueristic]

And that car will be a house in a few years.

Get a Maybach and it could be.

Minor question: For those using systems like Kraken, are you keeping your coin there, or just putting some pennies in every month for the auto withdrawls?

A concern is starting to grow in my mind: That exchanges will start considering bitcoins transferred from/to private wallets to be "suspect" by default.

Kind of like how email evolved: It used to be following standards, but these days Google mail will only trust mail from other large centralized mail systems (MS Mail, Yahoo, and Google) with everything else being treated as "spam" by default.

I was looking at late 60's early 70's Firebirds the other day and was surprised at how far the market has slumped. I wish I had the room to grab one but I have enough in storage and had my Vanden Plas stolen from storage in the past. Investing in vehicles for wealth storage is a very rich mans game. I think us huddled masses need to stick to hardware wallets.

[lightfoot]

Then fuck exchanges and sell via OTC... 

Can be done, requires a good web of trust and the knowledge that you could be scammed at any point with limited recourse.

Currrently bitcoin ATMs seem to work well, but not for "Hey I need a Maybach"

[JayJuanGee]

Bitcoin should follow this chart.

Define "should."

Is that more than 50/50 or a higher percentage that you are assigning to such scenario...

I would say such scenario could happen, but I am NOT very convinced that such a scenario would be greater than 50%, and if it happens to be greater than 50%, I still would question whether some suggested scenario that even approaches 60% or 70% would deserve a "should" label.. Is your assigned percentage higher than 70%? or are you merely playing with a 50% +1 type of proposition from your point of view and use of the word, "should"?

Never fucking 30-40% dips again

https://twitter.com/kerooke/status/1332814031179165697?s=21
 

Your odds of getting R3ckt seem to be pretty damned high if you were to trade upon your assertion that 30% to 40% corrections are NO LONGER going to be happening in bitcoin.

My condolences in advance.   #nohomo.

Bitcoin should follow this chart.

https://i.imgur.com/M8QU4Qd.jpg

I used to have bear dreams too, but unfortunately those stink bids never got filled.

Plan for both scenario's (up and down). A good trader never has conviction, only a good pair of eyes.

Maybe Wekkel and I can make up?

18500 is looming. if we could close today above 18500 that would be awesome...  

edit: that would be a green weekly candle indeed. a +3k Darth Maul candle just below old ath must have rect so many day- and swing traders.

New term learned: "Darth Maul candle"

[P_Shep]

That horror crash from Romain Grosjean, that accident was the worst i've seen in along time.

His escape is miraculous, enduring 5-10 sec in flames just amazing that he was able to get out of that car.

Was just about to post this; been watching myself. Fucking amazing he managed to get out of that alive. I've never seen a modern F1 car go up like that. So fucking lucky! His head was between the TecPro barrier and the halo. I have no idea how he survived

https://streamable.com/uzgo2z

Never seen anything like before! Absolutely crazy! Just goes to show how safe those safety cells are and that the halo didn't hinder, and possibly saved his life! I mean, he went THROUGH the barrier!
Questions are gonna be asked... why was the barrier at that angle? Why wasn't there a tire barrier in front of it? How did the fuel cell rupture so badly?
Nuts.

[lightfoot]

I was looking at late 60's early 70's Firebirds the other day and was surprised at how far the market has slumped. I wish I had the room to grab one but I have enough in storage and had my Vanden Plas stolen from storage in the past. Investing in vehicles for wealth storage is a very rich mans game. I think us huddled masses need to stick to hardware wallets.

Consider me to be a case point for "Buying car of my dreams" with a couple of BTC at 2.5k. Yes, it was and is super worth it, but price went up since then :-)

Problem with 60's muscle cars is they appealed seriously to Boomers as kids (who could not afford them) and Boomers as adults (who finally had the money/time for them). Now that Boomers are dropping dead a lot, they come up for sale and the Gen X'ers & Millenials really don't have much of a connection to them. Plus they are a maintenance pain in the ass: Replace spark plugs every 10k miles? Adjust carburator floats? Oi.

Times change.

[seek3r]

It is on its way.. hope my desire comes true soon!

[Torque]

Good morning brothers
Bitcoin always on my mind
Maybe Sunday pump?

Haiku




Full English in bed  

Interesting, I thought a full English breakfast always had eggs too. No eggs?

[Hueristic]

I was looking at late 60's early 70's Firebirds the other day and was surprised at how far the market has slumped. I wish I had the room to grab one but I have enough in storage and had my Vanden Plas stolen from storage in the past. Investing in vehicles for wealth storage is a very rich mans game. I think us huddled masses need to stick to hardware wallets.

Consider me to be a case point for "Buying car of my dreams" with a couple of BTC at 2.5k. Yes, it was and is super worth it, but price went up since then :-)

Problem with 60's muscle cars is they appealed seriously to Boomers as kids (who could not afford them) and Boomers as adults (who finally had the money/time for them). Now that Boomers are dropping dead a lot, they come up for sale and the Gen X'ers & Millenials really don't have much of a connection to them. Plus they are a maintenance pain in the ass: Replace spark plugs every 10k miles? Adjust carburator floats? Oi.

Times change.

I hear ya, Lots of kids selling their dads car when they dropped dead to buy a ricer. Lol

I used to have a 71 bird back in the day and have always wanted to get a 69 and it looks like right now is a great time to buy but I just don't enjoy turning wrenches as much as I used to and that was half the fun back then anyway. A few buddies around the car with some beers swapping out the engine in an afternoon was a good time in my book.

[Torque]

Hmmmm could be on to something... slightly he’s going to the BTC side, eventually he will be saying BTC is better than gold and all the rest  

He's such a gaslighter with his moronic statements.

I'm 1000% sure that in our world history, Gold and Silver was adopted by the "little guys" as a form of barter/value exchange *way* before institutions and governments co-opted it for themselves.

Not to mention, in any tech startup company, the CEO and the initial employees are the "little guys" that got in first before IPO and got rich as the institutional investors "arrive late" and bought the company shares.

[lightfoot]

I used to have a 71 bird back in the day and have always wanted to get a 69 and it looks like right now is a great time to buy but I just don't enjoy turning wrenches as much as I used to and that was half the fun back then anyway. A few buddies around the car with some beers swapping out the engine in an afternoon was a good time in my book.

This is a problem: I was working on checking the belts on my car the other day and getting up and down in the driveway was a bit more annoying than normal. Yes I should build a garage with a lift, but the thought of a trouble free GT3 did cross my mind.

:-)

[JimboToronto]

Good morn Bitcoinland.
Eighteen grand and forty bucks
(Bitcoinaverage).

More than halfway back
From Thursday's big correction.
Let's make the week green.

This baby bull run
Is barely getting started.
Wait until next year.

Lambos, hookers, blow,
Or freedom from work and care...
Make the most of it.

[Hueristic]

This is a problem: I was working on checking the belts on my car the other day and getting up and down in the driveway was a bit more annoying than normal. Yes I should build a garage with a lift, but the thought of a trouble free GT3 did cross my mind.

:-)

I don't think they have created a trouble free car ever.

Its not on the agenda, but they do have that built in obsolescence pretty well nailed down.

I guess I'm just old as I don't find any of the newer cars appealing apart from them being new.
I did think of getting a new Shelby Cobra though.

https://www.shelby.com/en-us/Vehicles

[JayJuanGee]

That was a short dip, way shorter than I expected in any case.

Considering to buy a car soon as an investment, to keep on the side for the next years. The way things are looking now, it might be possible that I'll be buying it completely with BTC profits.

I have been hodling for 3 years and never-ever cashed. The idea of being able to buy a car with crypto hodlings makes my head spin.

Mind you, we're talking about 1/25th of a Lambo's price, so don't expect jumbo jet prices, but hey, I think it's spectacular anyway.

Generally speaking, cars are not considered as investments, but instead depreciating assets.

Of course, there are a couple of exceptions in terms of collectors cars that may well appreciate more than their purchase price, or cars that are used for utility purposes (such as in a business) to bring in value that would be greater than the expenses of owning such car.  If you are holding the car on the side, as you said, you may well be better off keeping that value in bitcoin.

I am not saying that you should not necessarily consume some of your bitcoin value, but based on current BTC price prediction principles, this does not seem to be a consumption time... and there have been a lot of examples in the past in which some BTC HODLers get so CITTEEEEEEE to take some profits and to consume some products, but then the timing is not really very good. 

[eddie13]

This is a problem: I was working on checking the belts on my car the other day and getting up and down in the driveway was a bit more annoying than normal. Yes I should build a garage with a lift, but the thought of a trouble free GT3 did cross my mind.

:-)

I don't think they have created a trouble free car ever.

Its not on the agenda, but they do have that built in obsolescence pretty well nailed down.

I guess I'm just old as I don't find any of the newer cars appealing apart from them being new.
I did think of getting a new Shelby Cobra though.

https://www.shelby.com/en-us/Vehicles

I am into slightly older cars with non-electronic manual drivetrains and relatively simple electronics.. And even slightly older cars with almost no electronics at all..

They break, sure, but I can fix them forever...
Changing spark plugs? Well yeah I run cold copper plugs for performance reasons and check them often anyway..

60s and 70s cars can be restored.. In my opinion these newer vehicles with their miles of wire and 10 computers will not be able to be restored like we do “classic” cars of this age..

I’m just not into the new car tech really.. People brag to me about their dash touchscreens that control everything from their heat to steering feel, and it only makes me recoil in fear of ever having to fix it..

I’m liking the C8 Vette though..

That was a short dip, way shorter than I expected in any case.

Considering to buy a car soon as an investment, to keep on the side for the next years. The way things are looking now, it might be possible that I'll be buying it completely with BTC profits.

I have been hodling for 3 years and never-ever cashed. The idea of being able to buy a car with crypto hodlings makes my head spin.

Mind you, we're talking about 1/25th of a Lambo's price, so don't expect jumbo jet prices, but hey, I think it's spectacular anyway.

Generally speaking, cars are not considered as investments, but instead depreciating assets.

Of course, there are a couple of exceptions in terms of collectors cars that may well appreciate more than their purchase price, or cars that are used for utility purposes (such as in a business) to bring in value that would be greater than the expenses of owning such car.  If you are holding the car on the side, as you said, you may well be better off keeping that value in bitcoin.

I am not saying that you should not necessarily consume some of your bitcoin value, but based on current BTC price prediction principles, this does not seem to be a consumption time... and there have been a lot of examples in the past in which some BTC HODLers get so CITTEEEEEEE to take some profits and to consume some products, but then the timing is not really very good.  

One can do very well to avoid depreciation by buying slightly older high end “special” cars that will hold their value and remain in demand..
Buy nice examples at the bottom of their depreciation..

For example, if you have been driving a Supra for the last 10 years you would probably be in pretty good shape..

I have heard it said that even Lambos can be some of the cheapest cars to own for the simple fact that their price will often go UP while you own them instead of down..

[Hueristic]

I am into slightly older cars with non-electronic manual drivetrains and relatively simple electronics.. And even slightly older cars with almost no electronics at all..

They break, sure, but I can fix them forever...
Changing spark plugs? Well yeah I run cold copper plugs for performance reasons and check them often anyway..

60s and 70s cars can be restored.. In my opinion these newer vehicles with their miles of wire and 10 computers will not be able to be restored like we do “classic” cars of this age..

I’m just not into the new car tech really.. People brag to me about their dash touchscreens that control everything from their heat to steering feel, and it only makes me recoil in fear of ever having to fix it..

I’m liking the C8 Vette though..

I hear ya, and that C8 is a looker!

[eddie13]

I think the C8 is very cheap for a mid engine car and I know their is plenty of room to build a twin turbo setup in the back of them almost as if they designed it to be done that way..
Put standalone engine management on it and I can also fix that easily and forever..
Convert it to a manual steering rack, tilton pedal box, coil over non-electronic suspension, throw away the abs and any traction control..

Could make a pretty nice cart..
Maybe in 10 years I can buy one, lol..

Crossing my fingers they release a manual trans option for it, or someone designs a good swap..
Yeah the paddle box is probably faster, don’t care..