Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13682. (Read 26714693 times)

The other option is that bears once again fail at lower lows and/ or we triple bottom and make it to late August by which time all the negative indicators will have flattened out and we start a slow trek out of this area.

You seem pretty content with this arrangement. What's your secret?
Is it booze? (Tell me it's booze.)

Expect 3-4 years.

I don't expect it to happen overnight..

three thousand dollars

wow

that's like over 2 ounces of gold...crazy

Thermos doesn’t exactly have a strong track record of market calls.

Everyone is saying $3000. $3000 is the new $99. 

It could go to $3000. But this rise was in slow motion and a full on bear market would be too. Expect 3-4 years if we are going to $3000.

Theymos says 3 grand. I'm betting on 3 grand. Sad but true.

I think the pain is just beginning.

Make sure you have some phiz if you aren't going to keep anything in fiat. Not just for the obvious reasons, but also so that you can keep a cool head during the ups and downs in bitcoin.

I'm thinking to cancel my fiat retirement savings plan and switching to Bitcoin.

Fiat savings is kinda pathetic, i'm gonna call my agent today to bring him some bad news 

I had smelled a harder than usual weekend after looking at the opening the previous Monday. The new week isn't all roses, either. It could have started off much worse, sure. Be as it may, I'm afraid we aren't done yet.

1h


4h


D

Shake and bake coming methinks..  Lot of shorts building up on 'fenix fyi.. 

#stronghands

BULLISH!

I'm disheartened to hear you won't be able to celebrate new years with us JJG. Regardless; thank you for considering this once in a lifetime opportunity!    Sincerely, junckmonkey.

Is troll face pattern bullish or bearish? Sorry I know this is chart pattern analysis 101 but please bear with me.

I have no good advice, that hasn't been said.

Feed a cold, starve a fever (or is it the other way around?)
No gentleman is ever rude by mistake.
Beware of all enterprises requiring new clothes.
All advice is useless.
Never argue with a stupid person, they’ll drag you down to their level and beat you with experience.

Kelly Blue book used to be a good place to attempt to determine car values, and the ones that depreciate more or less.

If you are attempting to be conservative about your car investment (such as getting the most bang for your buck) then you might look at depreciation, and of course whether the car is going to be expensive to maintain.  Certainly a lambo would be expensive to maintain, but folks who are buying lambos might well be buying their lambo for some other reason(s) rather than concerns about it holding value.  Of course, if you are thinking that you might die soon, then you are not going to give much weight to the depreciating aspect of a car, and you might consider just the experience of it.. such as a lambo...

For example, previously in this thread, I had made some comment that a young person should have a couple million in semi-liquid assets if planning to buy a lambo .. but that is just me, considering that if BTC prices go up and down, and you have 200 or more bitcoins, then you might be o.k. to buy a lambo (but I still think that would be a bit tight, at these BTC prices), but if you have only 100 bitcoins, then you might want to wait... don't want to blow nearly your whole wadd on one asset (toy)



Even though I am not going to consider meeting for new years, what is a "compound in AL?"  Seems a bit strange to invite me.  May as well invite the whole WO thread?   Offer drinks too.. oh wait, someone else did that.... and did not work out too well for us, WO participant peeps.   

)
Thank you JJG for your thougthul response.  I agree completely, depreciating (who makes that decision BTW???). I would like to invite you and your signifcant(s) to my compound in AL (I already invited my ma) for a 2018 year-end BTC celebration.  Please let me know if you are available, PM for details. Most sincerely, junckmoneky.

I have my doubts about whether you are serious.  Here, we are talking about bitcoin, and frequently talking about cars or other material possessions is either tangential or weakly related to some bitcoin related point. 

In regards to cars, I have frequently been of the philosophy that they are a practical piece of depreciating property - and in my first years of building my investments, I tended to bargain shop for cars because I was still establishing my investments. 

Perhaps bitcoin has changed the game, to some extent, because bitcoin is a kind of investment that is much more flexible for entrance of dumb money, which I would have considered myself when I just left high school and for many years thereafter, as I was establishing my various investments.  So, in some sense, bitcoin is very powerful for a young person who may be strategic about how s/he decides to invest and strategize into it.

A car remains a reflection of your overall lifestyle and needs, and surely would not need to be permanent statement, unless your style is to buy a car and drive it for 30 years.  Some folks buy random cars, and they understand the temporary nature of their car(s).

Some cars hold their value better than others and some cars are more luxurious than others, and some have more bells and whistles than others. 

Seems to me that there is a delayed gratification concept that many people who are building their wealth should attempt to consider, so in that regard, a practical car can serve very well until other financial foundations are in place.

Also, if you invest well into bitcoin, and you have storage space, then you could have several kinds of cars to suite your various needs.  I have had periods in my life where I have owned several modes of transportation at the same time, but interests and lifestyle change, and sometimes it might not be practical to maintain more than one mode of transportation, and even in some cities, having a car might not be practical (but a nice bicycle or motorcycle might be more practical for that location).