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

[ChartBuddy]

Explanation
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[hisslyness]

Ay Caramba! Whales Take Profit Making ETH and BTC dip creating a Bart Simpson Pattern And Liquidating A Lot of Shorts! What Comes Next? Possible market trend change? How about good old "BTC is down because people withdraw crypto to fiat to buy Xmas presents" ? That excuse always worked.

I am not sure if they are trying to play on words "Eat my Shorts"....

But Liquidating Shorts? on a Bart Pattern?

[Paashaas]

An additional $3000 - $5000 bonus dump on top of the recent red candle would be appropriate.

[xhomerx10]

I'm just here for the ride.

[El duderino_]

BTC shifting from hands ….

Everyone gets the price he deserves

Don’t let it be the expensive ones.

[ChartBuddy]

Explanation
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[BTC_pokaop]

The price of Bitcoin has dropped to $41940 today.

Don't sell bitcoins, hold them, buy more bitcoins.

[ChartBuddy]

Explanation
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[JimboToronto]

...BTW, nice clothes are ALWAYS better than cheap ones...

...I guess to me buying unneeded RE is being what you described, but to each their own.
Habits differ. People here are buying expensive boots...which I never understood, but it is interesting.
I would definitely splurge on a car in the future, just to try several brands over my life..used to drive bland cars, now a "muscular' car, then maybe some vroom vroom car (when btc is at a cool million)...

Nice clothes are somehow better than cheap ones? Nice clothes can be cheap and expensive ones are often garbage. A $15 pair of sturdy Levis or Wrangler jeans will almost always outlast a pair of designer jeans costing hundreds. Buying quality is what matters. A pair of Blundstone boots may be expensive but they are made to last (in more than one way!  ). Nike footwear on the other hand is just overpriced garbage.

Unneeded real estate? The house I bought last year is not only an investment but it also provides rental revenues and a much larger living space for us plus a totally private rooftop patio. The lake I bought a couple of years ago may not provide any immediate revenues but it does save on what I used to pay to rent a rural retreat. It also represents a considerable long-term investment.

Wasting money on a car is (to me) just silly. Unlike land which is an appreciating asset, cars are a depreciating asset. They also cost a lot to maintain and operate. Here in downtown Toronto just a parking space costs several hundreds of dollars per month. You can rent your parking space out for hundreds if you don't have a car. Parking lots and meters are also expensive, not to mention the inevitable tickets. Then there's insurance, fuel, maintenance, licensing costs, etc. I figure the cost of owning a car in the city is thousands per month. I can take several taxis per day for less than that and save the hassle of driving. Maybe when bitcoins cost millions I'll be able to afford a full-time chauffeur, until then I'll make do with part-time drivers, just like having a part-time cleaning lady. Do some people get as attached to their vacuum cleaners as they do to their cars? Also, driving impairs drinking.  

To each their own.

[vroom]

last effort to get rid of weak hands before we activate bull speed

[ChartBuddy]

Explanation
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[BobLawblaw]

WHAT IS THIS?!

A DIP FOR ANTS???!!

[El duderino_]

Good we all have different spending mentality’s….

Should keep the economy going …. 😆

[philipma1957]

An additional $3000 - $5000 bonus dump on top of the recent red candle would be appropriate.

9k up candle would be more appropriate .

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

...BTW, nice clothes are ALWAYS better than cheap ones...

...I guess to me buying unneeded RE is being what you described, but to each their own.
Habits differ. People here are buying expensive boots...which I never understood, but it is interesting.
I would definitely splurge on a car in the future, just to try several brands over my life..used to drive bland cars, now a "muscular' car, then maybe some vroom vroom car (when btc is at a cool million)...

Nice clothes are somehow better than cheap ones? Nice clothes can be cheap and expensive ones are often garbage. A $15 pair of sturdy Levis or Wrangler jeans will almost always outlast a pair of designer jeans costing hundreds. Buying quality is what matters. A pair of Blundstone boots may be expensive but they are made to last (in more than one way!  ). Nike footwear on the other hand is just overpriced garbage.

Unneeded real estate? The house I bought last year is not only an investment but it also provides rental revenues and a much larger living space for us plus a totally private rooftop patio. The lake I bought a couple of years ago may not provide any immediate revenues but it does save on what I used to pay to rent a rural retreat. It also represents a considerable long-term investment.

Wasting money on a car is (to me) just silly. Unlike land which is an appreciating asset, cars are a depreciating asset. They also cost a lot to maintain and operate. Here in downtown Toronto just a parking space costs several hundreds of dollars per month. You can rent your parking space out for hundreds if you don't have a car. Parking lots and meters are also expensive, not to mention the inevitable tickets. Then there's insurance, fuel, maintenance, licensing costs, etc. I figure the cost of owning a car in the city is thousands per month. I can take several taxis per day for less than that and save the hassle of driving. Maybe when bitcoins cost millions I'll be able to afford a full-time chauffeur, until then I'll make do with part-time drivers, just like having a part-time cleaning lady. Do some people get as attached to their vacuum cleaners as they do to their cars? Also, driving impairs drinking.  

To each their own.

As discussed, everybody's investment/living style is different. I hear from people who have rental properties that it is very bothersome because of the need to provide the upkeep (albeit you can hire a company that would "eat" into your income). That said, right now it is not very economical as well because income from rentals is roughly equal to what you get from a money market fund, while doing absolutely nothing and having virtually no risk. Canadian real estate has been appreciating for decades, though, so maybe this is a plus in your particular case. However, my personal opinion is that RE is vastly overpriced around here, so I cannot take this risk. I routinely see $$1.5-2 mil houses which I think should be more like $500-700K in value at most.

EDIT: about cars...what can i say..I just like to drive in relative comfort (and I have to do it daily to work and back) and not thinking about the car as an asset  

[ChartBuddy]

Explanation
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[LFC_Bitcoin]

Don't sell bitcoins, hold them, buy more bitcoins.

Oh thanks man, great advice.

I’ve been doing it wrong for 10 years.

[Richy_T]

As discussed, everybody's investment/living style is different. I hear from people who have rental properties that it is very bothersome because of the need to provide the upkeep (albeit you can hire a company that would "eat" into your income). That said, right now it is not very economical as well because income from rentals is roughly equal to what you get from a money market fund, while doing absolutely nothing and having virtually no risk. Canadian real estate has been appreciating for decades, though, so maybe this is a plus in your particular case. However, my personal opinion is that RE is vastly overpriced around here, so I cannot take this risk. I routinely see $$1.5-2 mil houses which I think should be more like $500-700K in value at most.

Renting can be nice. It only takes one bad renter or squatters to give you a really bad time though.

[ChartBuddy]

Explanation
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