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

[Richy_T]

ya this is fucking good news
I love it!  

http://timeli.info/item/2026120/r_bitcoin_on_Reddit/Car_Marketplace_Beepi_Now_Lets_You_Buy_Cars_With_Bitcoin___NEWSBTC

go Beepi

Interesting. I'm in the market for a new car and have the cash to do so. Will have to take a look.

Though  have never heard of this company at all in any manner.

[1714634708]

1714634708

[dreamspark]

ya this is fucking good news
I love it!  

http://timeli.info/item/2026120/r_bitcoin_on_Reddit/Car_Marketplace_Beepi_Now_Lets_You_Buy_Cars_With_Bitcoin___NEWSBTC

go Beepi

Interesting. I'm in the market for a new car and have the cash to do so. Will have to take a look.

Though  have never heard of this company at all in any manner.

Are you in the market for a new used car or a new car? You might be stuck if your looking for the later.

[Richy_T]

24 July.
234 day cycle
MtGox auctioning bitcoins.

When the irresistable force meets the immovable object...

[ChartBuddy]

Explanation

[Richy_T]

I get that but why would it suddenly rise? I can see it happen slowly over time but why is there this idea that sometime soon we'll see an explosion? I don't see a reason for it.

Smooth growth is rational, bubble growth is irrational. People tend to be irrational in the face of fear so we're waiting for a fear-generating event perhaps.

[empowering]

If it were a mother giving birth.... I would be shouting "PUUUUSSSSHHHHH, GO ON PUUUUSSSSSHHHHH I CAN SEE THE LITTLE FUCKERS HEAD"

Then I would take some of the oxygen myself, and tell her that her vagina volume is weak - and to give it a rest  

[Asrael999]

ya this is fucking good news
I love it!  

http://timeli.info/item/2026120/r_bitcoin_on_Reddit/Car_Marketplace_Beepi_Now_Lets_You_Buy_Cars_With_Bitcoin___NEWSBTC

go Beepi

Interesting. I'm in the market for a new car and have the cash to do so. Will have to take a look.

Though  have never heard of this company at all in any manner.

No Aston Martins, Ferraris, Maserati or Lambo's.    I'm not going to waste my BTC on a Volkswagen.
Car market not ready for bitcoin

[Dotto]

The volume is pathetic and beyond

(just as before the bubble bobble)

[dreamspark]

The ISIS association was big news apparently.

The ISIS thing is a big thing in the MSM, there is something about it even in the smallest newspapers today.

Dont worry ISIS may not bother with bitcoin - as they now have their own ISIS coin listed on mintpal.

I dont see why ISIS is big news for the same reason as I always end up explaining when we get the money laundering, international drug dealer arguments.

Just look at the numbers in terms of liquidity, market cap,volatility and volume. What drug dealer, money launder or terrorist can operate at any significant figures in the BTC market? The head of ISIS is worth $1.2 billion even if he wanted to deal with $50mm in Bitcoin, where in the world can he buy that much at a spot price? Where can he then transact that and convert it back to $ in a timely manner and without loosing money ? If they want to use BTC as a store of value I dont mind that at all but for general terrorist transactions the market is nowhere near big enough.

[Richy_T]

Are you in the market for a new used car or a new car? You might be stuck if your looking for the later.

Used. New cars are poor value.

[Richy_T]

No Aston Martins, Ferraris, Maserati or Lambo's.    I'm not going to waste my BTC on a Volkswagen.
Car market not ready for bitcoin

Love my TDI but I've just about run it into the ground. Time for a refresh. I won't use my stash though. It would have to be a buy BTC then spend.

[ChartBuddy]

Explanation

[dreamspark]

Are you in the market for a new used car or a new car? You might be stuck if your looking for the later.

Used. New cars are poor value.

Ai, someones gotta buy em though so the smarter ones amongst us have something to buy.

Although I do have to say there are some really good deals with new cars in the UK at the moment with 100,000 mile warranties, free insurance (Which for a young driver can save another £1500) and 5 year 0% finance deals, still not enough to interest me but its slightly more understandable than it was a few years ago.

[Richy_T]

Are you in the market for a new used car or a new car? You might be stuck if your looking for the later.

Used. New cars are poor value.

Ai, someones gotta buy em though so the smarter ones amongst us have something to buy.

Although I do have to say there are some really good deals with new cars in the UK at the moment with 100,000 mile warranties, free insurance (Which for a young driver can save another £1500) and 5 year 0% finance deals, still not enough to interest me but its slightly more understandable than it was a few years ago.

http://www.zerohedge.com/news/2014-05-16/where-worlds-unsold-cars-go-die

Snopes has this as "false" but it seems like a rather weak and hand-waving debunk to me.

[dreamspark]

http://www.zerohedge.com/news/2014-05-16/where-worlds-unsold-cars-go-die

Snopes has this as "false" but it seems like a rather weak and hand-waving debunk to me.

I've seen the article before and while it may be exaggerated I have seen first hand scenes like this. I visited the Rover Plant in Longbridge, Birmingham and there were always piles and piles of cars. As snopes suggests though this was a few years ago and the general automobile market has likely changed.

I have a friend who also works at the end of the line of a car manufacturing plant fixing the problems that vehicles that don't pass inspection have. He leads me to believe that sometimes if the defects the cars are manufactured with are numerous or serious enough its deemed un economical to repair and they end up in the same sort of place.

[empowering]

http://krebsonsecurity.com/2014/07/brazilian-boleto-bandits-bilk-billions/

[Leina]

Are you in the market for a new used car or a new car? You might be stuck if your looking for the later.

Used. New cars are poor value.

Ai, someones gotta buy em though so the smarter ones amongst us have something to buy.

Although I do have to say there are some really good deals with new cars in the UK at the moment with 100,000 mile warranties, free insurance (Which for a young driver can save another £1500) and 5 year 0% finance deals, still not enough to interest me but its slightly more understandable than it was a few years ago.

http://www.zerohedge.com/news/2014-05-16/where-worlds-unsold-cars-go-die

Snopes has this as "false" but it seems like a rather weak and hand-waving debunk to me.

Why don't they sell these car at discount?

[dreamspark]

Why don't they sell these car at discount?

Because why would you buy this years model if you can get the previous model new for a decent discount?

Another reasons is laws are always changing, particularly in Europe and particularly in regards to emissions, it stands to reason that often the previous model doesn't meet the requirements to be registered.

The solution is just not to produce cars they can't sell in the first place rather than producing loads and not being able to sell them all.

[Richy_T]

Why don't they sell these car at discount?

Because why would you buy this years model if you can get the previous model new for a decent discount?

Another reasons is laws are always changing, particularly in Europe and particularly in regards to emissions, it stands to reason that often the previous model doesn't meet the requirements to be registered.

The solution is just not to produce cars they can't sell in the first place rather than producing loads and not being able to sell them all.

But often they can do accounting tricks where the cars are "sold" even when they aren't. Probably in some perverse way, it would cost them more not to make them. Plus quarterly reports may be heavily based on "items manufactured" rather than "items sold".

[aminorex]

As snopes suggests though this was a few years ago and the general automobile market has likely changed.

Yeah, now they (GM) recall more cars than they sell.