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

[ChartBuddy]

Explanation
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[Paashaas]

Coindesk

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[xhomerx10]

Re. buying a car with BTC.

YOLO supporters will disagree, but buying a car with BTC makes sense only if the BTC used is a tiny percentage of your total BTC stash, like 5% or less, and I'm being generous. Spending something like half of your stash to buy a ton of metal on wheels is a total waste of BTC and a certain way to lose your sanity when BTC moons.

5% actually is a lot imo to spend on a vehicle...
Also depends a bit if its only a luxury expensive one or a really necessarily one...
But still 5% is a lot for a car in terms of BTC holdings

 I have to agree with the Dude on this one. 

 Why not take a loan over 4 to 7 years or even lease for 2 to 5 years depending on where we are in the 4-year cycle.  (I don't know the lease terms in other countries but sales tax is only due on each payment rather than fully upfront as with a loan and you only pay interest on the vehicle price minus the agreed-to, residual value).  This way your stash stays put and its value continues to grow.

  I leased my last two vehicles (one for me and one for my wife) almost simultaneously and kept my monthly payments quite low on each with a larger down payment than usual (low $200s/mo) while stashing my disposable income back into corn (closed-ended bitcoin ETF in a tax-free saving account).  I've easily made enough on those bitcoin investments since 2019, when I originally leased them, to purchase another vehicle and to pay the residual on the two I leased.

 Not boasting, I just have a hard time justifying the sale any of my precious coins - especially for those everyday items I would have required had I never discovered bitcoin.  (also I'd likely have trouble getting out of a Lambo)  My wife will live into her 90's - me not so much but I want to make sure we aren't beholden to the state for our care when we reach old age.

[ChartBuddy]

Explanation
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[Tuco Benedicto Pacifico]

Leaving this here...

https://xcancel.com/disclosetv/status/2036965313908986140#m

NEW - UK government releases new "pandemic plan,"  as a new pandemic is a "certainty," assigns £1B for new contact-tracing system, to stockpile PPE, fund a new "bio-security hub" and introduce a "All Pandemics Hazard Bill" to enable adjusting of emergency measures — Telegraph

[url]https://www.telegraph.co.uk/global-health/science-and-disease/uk-to-build-new-contact-tracing-system-and-stockpile-ppe-un/][url][url]https://www.telegraph.co.uk/global-health/science-and-disease/uk-to-build-new-contact-tracing-system-and-stockpile-ppe-un/[/url][/url]

[BitHodlers]

5% actually is a lot imo to spend on a vehicle...
Also depends a bit if its only a luxury expensive one or a really necessarily one...
But still 5% is a lot for a car in terms of BTC holdings

It is huge amount even if the car is not luxury vehicle. But with all the marketing everywhere about spending and how spending makes us feel good it is no surprise this kind of stuff is normalized. When I sold some coin to help with my car purchase, it was less than 1% of my holdings and even that I didn't like having to do..

Not boasting, I just have a hard time justifying the sale any of my precious coins - especially for those everyday items I would have required had I never discovered bitcoin.  (also I'd likely have trouble getting out of a Lambo)  My wife will live into her 90's - me not so much but I want to make sure we aren't beholden to the state for our care when we reach old age.

Why won't you live into your 90's?

Leaving this here...

https://xcancel.com/disclosetv/status/2036965313908986140#m

NEW - UK government releases new "pandemic plan,"  as a new pandemic is a "certainty," assigns £1B for new contact-tracing system, to stockpile PPE, fund a new "bio-security hub" and introduce a "All Pandemics Hazard Bill" to enable adjusting of emergency measures — Telegraph

Thank you bot.

[Lucius]

Some time ago we mentioned foldable phones and the one I was personally waiting for recently appeared on the market. Unfortunately, as things stand, it will not be officially available in the US and EU, so those who want it will have to find a way to get it directly from China. The price in the EU with all additional costs is around EUR 1700+, which is quite a lot for such a device, but according to most reviews, it is one of the best devices of its type so far. The famous crease that everyone talks about is barely visible, and they say it's barely even felt.

They say that not everything is in the product and that there is also something in the presentation, so for those who like to combine the pleasant with the useful, a nice video with the pretty Katarina and her experience with this phone.

[ChartBuddy]

Explanation
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[philipma1957]

Some time ago we mentioned foldable phones and the one I was personally waiting for recently appeared on the market. Unfortunately, as things stand, it will not be officially available in the US and EU, so those who want it will have to find a way to get it directly from China. The price in the EU with all additional costs is around EUR 1700+, which is quite a lot for such a device, but according to most reviews, it is one of the best devices of its type so far. The famous crease that everyone talks about is barely visible, and they say it's barely even felt.

They say that not everything is in the product and that there is also something in the presentation, so for those who like to combine the pleasant with the useful, a nice video with the pretty Katarina and her experience with this phone.

Nice look to both her and the phone.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[AlcoHoDL]

Re. buying a car with BTC.

YOLO supporters will disagree, but buying a car with BTC makes sense only if the BTC used is a tiny percentage of your total BTC stash, like 5% or less, and I'm being generous. Spending something like half of your stash to buy a ton of metal on wheels is a total waste of BTC and a certain way to lose your sanity when BTC moons.

5% actually is a lot imo to spend on a vehicle...
Also depends a bit if its only a luxury expensive one or a really necessarily one...
But still 5% is a lot for a car in terms of BTC holdings

Yes, I agree, 5% is really a lot... I initially wrote 1%, but then I thought it may be too little for a luxury car, say $100k, so changed it to 5%.

That's the "problem" with BTC. It's too precious to spend on petty things like cars almost anything really...

[AlcoHoDL]

Some time ago we mentioned foldable phones and the one I was personally waiting for recently appeared on the market. Unfortunately, as things stand, it will not be officially available in the US and EU, so those who want it will have to find a way to get it directly from China. The price in the EU with all additional costs is around EUR 1700+, which is quite a lot for such a device, but according to most reviews, it is one of the best devices of its type so far. The famous crease that everyone talks about is barely visible, and they say it's barely even felt.

They say that not everything is in the product and that there is also something in the presentation, so for those who like to combine the pleasant with the useful, a nice video with the pretty Katarina and her experience with this phone.

Very nice. The phone too.

[BitHodlers]

Yes, I agree, 5% is really a lot... I initially wrote 1%, but then I thought it may be too little for a luxury car, say $100k, so changed it to 5%.

That's the "problem" with BTC. It's too precious to spend on petty things like cars almost anything really...

A luxury car is more petty than normal car, and for such items the percentage should go down and not increase. People got these numbers the wrong way. The more petty a thing, the less the percentage should be..

Bitcoin is unique.

[Hueristic]

So we no longer "when lambo"?

[OgNasty]

Re. buying a car with BTC.

YOLO supporters will disagree, but buying a car with BTC makes sense only if the BTC used is a tiny percentage of your total BTC stash, like 5% or less, and I'm being generous. Spending something like half of your stash to buy a ton of metal on wheels is a total waste of BTC and a certain way to lose your sanity when BTC moons.

5% actually is a lot imo to spend on a vehicle...
Also depends a bit if its only a luxury expensive one or a really necessarily one...
But still 5% is a lot for a car in terms of BTC holdings

Yes, I agree, 5% is really a lot... I initially wrote 1%, but then I thought it may be too little for a luxury car, say $100k, so changed it to 5%.

That's the "problem" with BTC. It's too precious to spend on petty things like cars almost anything really...

It is all relative when you speak in percentages. One man’s 5% is a nuclear powered submarine, while another’s may be a 1996 Honda Accord. There are also considerations like if the vehicle is needed for work or transport, how much time you spend in it, and other possible advantages (maybe you need a car that drives itself or can power your home). Best to not worry about someone else’s vehicle unless it is breaking down and you want to help them. 

[Biodom]

Coindesk

That's interesting, but a bit confusing.
My take on it that it is like a PAL at traditional brokerages (pledged asset line).
So, you, basically, don't put cash down (as 10% or 20% or mortgage), but instead "pledge" your assets like bitcoin here and stocks in a typical PAL.
I assume that you still borrow the rest (80-90%) in $ and then pay it like a regular mortgage.
The problem is that you cannot probably "extract" your bitcoin back until you have paid the mortgage, but i could be wrong about it.

I am much more interested in the vibes that recently came from Morgan Stanley.
They are up to something which could be more interesting (listen carefully...especially the "in-kind" referencing part):
https://youtu.be/TETzhHxImAw?t=221

[BitHodlers]

So we no longer "when lambo"?

This cycle is more "when Dacia"? 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com