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

[xhomerx10]

I'm just here for the ride.

[1714552218]

1714552218

[1714552218]

1714552218

[1714552218]

1714552218

[1714552218]

1714552218

[1714552218]

1714552218

[El duderino_]

BTC shifting from hands ….

Everyone gets the price he deserves

Don’t let it be the expensive ones.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BTC_pokaop]

The price of Bitcoin has dropped to $41940 today.

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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[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
Chartbuddy thanks talkimg.com

[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
Chartbuddy thanks talkimg.com

[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
Chartbuddy thanks talkimg.com

[El duderino_]

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.

Exactly …
For in Belgium it’s almost impossible to get that renter out of the place as well…

With renting out a place it only becomes a good thing when the place appreciates in value overtime.
Otherwise with a good renter and no broken things you can have an extra income but still there are plenty of downsides as well… most of the time when the place appreciates in value and the renter is a good one then it’s a good thing.

[OgNasty]

WHAT IS THIS?!

A DIP FOR ANTS???!!

At 10% and still going I’d call it a legitimate correction on its way to possibly being a major correction. Given the timing of it, I would say that this has perhaps been caused by the mtgox email that went out around the time of the dip. It appears that things are in place to begin distributing the gox coins and I think people are getting ahead of it.

[OutOfMemory]

WHAT IS THIS?!

A DIP FOR ANTS???!!

At 10% and still going I’d call it a legitimate correction on its way to possibly being a major correction. Given the timing of it, I would say that this has perhaps been caused by the mtgox email that went out around the time of the dip. It appears that things are in place to begin distributing the gox coins and I think people are getting ahead of it.

However the gox distribution will manipulate the price, Bitcoin's future is more or less mainly dependent on 1) time and 2) fundamentals.
I may quote: "Anything else is just noise".

EDIT: Seems like the Email is noise as well: https://www.reddit.com/r/mtgoxinsolvency/comments/18fngkx/new_email_mtgoxnotice_concerning_launch_of/

EDIT2:

In a separate document sent to creditors today, Kobayashi said that on Nov. 17, the rehabilitation trustee received the redemption of 7 billion yen ($46.9 million) from the trust assets to fund the repayment. The remaining amount of the trust assets following such redemption was 8.8 billion yen, according to the notice.

Repayments in cash? But not for all of the creditors, right? I think i remember some survey about how creditors want their refunds, either $BTC or $USD.
So, does that mean that the trustee/trust already sold almost half of the gox coins? And the rest is going to creditor wallets "soon, too"?
I never have been so much into that mtGox refunding story, so please forgive if i sound clueless