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

[Richy_T]

Sometimes it can pay for itself to upgrade your car, yet there are a lot of trade offs, so you don't necessarily need to go from the current car that you have and into a new car, yet surely the market for used cars is going to vary in terms of what kind of quality car you might be able to get in terms of how much the price difference might be between new and used... but yeah, if you have a decently long timeline, such as 15 years or more, then it may well be worth it to start out with a new car and then you already know what you are starting with.. presuming that you sufficiently understand that some brand of cars might have better quality than other brands.

Conversely though, if you keep a car for 15 years, it is going to be 'old' and certainly not showroom fresh for most of it. So why pay a high premium for something you apparently don't value so much and rather get something still just as capable for a much lesser price at 1 or 2 years old.

With that said, cars are not being built to last any more for a while and it's become worse as time goes on. My car is from 2000 and while the engine is still in fantastic shape as I near 300,000 miles and wear-and-tear on the mechanical parts is only to be expected, the plastics on the interior (and in some other places) have aged horribly. It's only worse now with screens and apps that will be obsolete and irreplaceable within 10 years (you already see this happening with some early navigation systems). It's a shame as we seemed to hit an inflection point for longevity with engine quality and galvanized panels and then it all started getting worse again. Anyway, I digress...

[Gachapin]

price sucks...

gonna go camping in the mountains with some friends and a huge sound system...  you too have fun bros!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

Sometimes it can pay for itself to upgrade your car, yet there are a lot of trade offs, so you don't necessarily need to go from the current car that you have and into a new car, yet surely the market for used cars is going to vary in terms of what kind of quality car you might be able to get in terms of how much the price difference might be between new and used... but yeah, if you have a decently long timeline, such as 15 years or more, then it may well be worth it to start out with a new car and then you already know what you are starting with.. presuming that you sufficiently understand that some brand of cars might have better quality than other brands.

Conversely though, if you keep a car for 15 years, it is going to be 'old' and certainly not showroom fresh for most of it. So why pay a high premium for something you apparently don't value so much and rather get something still just as capable for a much lesser price at 1 or 2 years old.

I am not going to disagree with you, and something that is even 3 years old might still have the original manufacturer warranty.. and there can be cars that are of that age that are just like new... Surely there are geographical differences including the quality of available used cars on the market.

With that said, cars are not being built to last any more for a while and it's become worse as time goes on. My car is from 2000 and while the engine is still in fantastic shape as I near 300,000 miles and wear-and-tear on the mechanical parts is only to be expected, the plastics on the interior (and in some other places) have aged horribly. It's only worse now with screens and apps that will be obsolete and irreplaceable within 10 years (you already see this happening with some early navigation systems). It's a shame as we seemed to hit an inflection point for longevity with engine quality and galvanized panels and then it all started getting worse again. Anyway, I digress...

Of course, some of the cars are made with obsolescence in mind, and they want your replacing every 3-5 years at most.. .. .. including issues with right to repair too.... or abilities to get quality and compatible replacement parts with some of the complications of some of the electronics.

price sucks...

gonna go camping in the mountains with some friends and a huge sound system...  you too have fun bros!

Call me out of touch, if you must, but from my perspective price performance of dee cornz is really not that bad.. especially considering we had a dip to $49.6k last Sunday.. so I am having difficulties being depressed about whatever bouncing around is happening currently.. touching various price points within $58k-$61k-ish in the last 24 hours.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

price sucks...

gonna go camping in the mountains with some friends and a huge sound system...  you too have fun bros!

Call me out of touch, if you must, but from my perspective price performance of dee cornz is really not that bad.. especially considering we had a dip to $49.6k last Sunday.. so I am having difficulties being depressed about whatever bouncing around is happening currently.. touching various price points within $58k-$61k-ish in the last 24 hours.

I guess people have PTSD from back in 2022 and the 'meek' action for quite a few months (since April) make some people think that bitcoin lost it's mojo (it didn't) and others to think that it is becoming a 'billionaire's yo-yo", which could be partially true, but less relevant on a larger time scale.

[JayJuanGee]

price sucks...

gonna go camping in the mountains with some friends and a huge sound system...  you too have fun bros!

Call me out of touch, if you must, but from my perspective price performance of dee cornz is really not that bad.. especially considering we had a dip to $49.6k last Sunday.. so I am having difficulties being depressed about whatever bouncing around is happening currently.. touching various price points within $58k-$61k-ish in the last 24 hours.

I guess people have PTSD from back in 2022 and the 'meek' action for quite a few months (since April) make some people think that bitcoin lost it's mojo (it didn't) and others to think that it is becoming a 'billionaire's yo-yo", which could be partially true, but less relevant on a larger time scale.

Matters of UPpity seem to always take time, and surely each cycle has some of its own unique characteristics that could be characterized as negative or positive happenings.  And, there are always folks trying to manipulate bitcoin to shake coins out of trees, including golly gee whiz if there might sometimes be some government coordination of some of the dumps.  We could say that we are surprised (even if we are not) that the USA Govt did not decide to sell its coins when the BTC price was in the lower $50ks last week, but there is also ONLY so much that public entities can do with their attempts at coordinating ways to attempt to keep the BTC price to stay down and/or to try to control it or to appear that they have some kind of control over it.

Many of us likely realize (yet we soon forget) that BTC prices got past previous ATH prices prior to this cycle's halvening, and then holy sheit.. we mostly have been stuck in a $56k to $70k-ish range since late February - even though sure there have been a couple of bounces outside of that range.. so I hardly see anything wrong with the range that we were in as compared to our range in 2015 of mostly below $250-ish or even in 2016 we were still mostly stuck below $450 for the first half of the year and below $650-ish for the second half of the year.. ... and so how should we be feeling that there is some kind of a problem with our current price range... or maybe we could say that we were mostly below $10k for most of 2018, 2019 and 2020.. yeah, we had some bounces above   $10k during that time, but not very many until the end of 2020.

Another thing is that we likely have to get used to the multiples or the magnitude of our BTC price explosions are naturally going to get smaller as the overall market cap of bitcoin gets larger, even if the status quo financial tool wielding twats are trying to claim credit for such supposed BTC taming... yeah surely some of them might be playing around with make believe bitcoin..especially over shorter-timelines such as over the weekend or other kinds of potentially opportunistic manipulation times, yet it can surely be risky to be playing with BTC that they don't have. ... and we cannot always know when there might be fall out or if some of the twats might figure out ways to recover from their various price exposures.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[d_eddie]

Each of us still has to figure out how to balance where we keep our value.  Sure one of the problems with new cars

By the way, I understand that cars
--giant snip--

... (~28kB)

[small=5pt]Technically speaking... [/small]What a bunch of party poops.

One of Jay's long forms
A classic for a reason
Scrolling exercise






#haiku

[JayJuanGee]

One of Jay's long forms
A classic for a reason
Scrolling exercise
#haiku

A classic scroller
reason scroll wheels invented
need ask moar splain-en?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JimboToronto]

A third of the way
Through the long month of August
And we're still going sideways.

That's par for the course.
It's just the summer doldrums,
Same action each year.

We could say, "Ho hum,
It's tedious and boring",
Or simply just hodl.

Autumn will come soon
And bring a bright new season
You just wait and see.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[xhomerx10]

Anyone interested and living in the northern US might want to check the skies.  The Aurora is visible tonight - for sure in Northern Michigan so far.  The activity suddenly intensified within the last couple of hours but of course, it's cloudy where I am I can't catch a break this cycle (solar I mean).

 

edit: visible in North Dakota @ 11:12pm CDT

[philipma1957]

Anyone interested and living in the northern US might want to check the skies.  The Aurora is visible tonight - for sure in Northern Michigan so far.  The activity suddenly intensified within the last couple of hours but of course, it's cloudy where I am I can't catch a break this cycle (solar I mean).

 

edit: visible in North Dakota @ 11:12pm CDT

meteors tonight i think?

[xhomerx10]

Anyone interested and living in the northern US might want to check the skies.  The Aurora is visible tonight - for sure in Northern Michigan so far.  The activity suddenly intensified within the last couple of hours but of course, it's cloudy where I am I can't catch a break this cycle (solar I mean).

 

edit: visible in North Dakota @ 11:12pm CDT

meteors tonight i think?

 Yes!  Tonight is supposed to be peak viewing for the Perseid meteor shower.
Wouldn't it be nice to see both at once?  I tried to head north to get some clear skies but no dice.  Thwarted again.


I can only watch online - https://www.youtube.com/live/dJdpRO0BwA8?si=RN9PM4ghhDjgGpRU
Beautiful 4K view though.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com