I believe the selling pressure is waning.
The sell wall is just growing. 8500 coins to $680 now.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26841. (Read 26710141 times)
July 09, 2014, 12:20:54 PM
The sell wall is just growing. 8500 coins to $680 now.
July 09, 2014, 12:08:33 PM
Remember the end of may? Volume got very low.
Whale Investors: "Sell in May and go away."
They won't come back until the Fall.
July 09, 2014, 12:07:25 PM
Remember the end of may? Volume got very low. Will we see another buying spree when we hit the longterm trendline?
July 09, 2014, 12:06:30 PM
Pathetic volume is pathetic.
It's still the summer time, all the drones are still spending money on vacations, clubbing, gin n' tonics, and home beautification projects like landscaping. Wheee! I'm a consumer, and I can spend money today! Wheeee! Look at me go! I'll be no better off in 20 years, but I don't care! Wheee! Investing, what's investing??
July 09, 2014, 12:00:25 PM
July 09, 2014, 11:40:39 AM
Pathetic volume is pathetic.
July 09, 2014, 11:40:02 AM
http://www.zerohedge.com/news/2014-07-09/portugals-largest-bank-misses-bond-payment-bonds-collapse
Link says it all. Could Portugal be the next Cyprus...........
Link says it all. Could Portugal be the next Cyprus...........
that'd be my winning lottery ticket:
1/ greece
2/ portugal
3/ italy
4/ spain
5/ france
and the extra bonus: UK out of EU
July 09, 2014, 11:38:21 AM
http://www.zerohedge.com/news/2014-07-09/portugals-largest-bank-misses-bond-payment-bonds-collapse
Link says it all. Could Portugal be the next Cyprus...........
Link says it all. Could Portugal be the next Cyprus...........
Good. Get ready to see tall spikes on the chart.
July 09, 2014, 11:23:25 AM
http://www.zerohedge.com/news/2014-07-09/portugals-largest-bank-misses-bond-payment-bonds-collapse
Link says it all. Could Portugal be the next Cyprus...........
Link says it all. Could Portugal be the next Cyprus...........
July 09, 2014, 11:02:10 AM
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.
July 09, 2014, 11:00:26 AM
July 09, 2014, 10:47:23 AM
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.
Snopes has this as "false" but it seems like a rather weak and hand-waving debunk to me.
http://jalopnik.com/that-zero-hedge-article-on-unsold-cars-is-bullshit-1578124255
They pull apart about 1/3 of the article and call it done. There are certainly some inaccuracies in the article but that doesn't dismiss the whole thing.
It's a very well-known fact that there is massive overcapacity in the European automotive industry - just google 'european automotive overcapacity' to see tons of stories on that. The only way to fix this problem is to shut down automotive plants, each of which provides thousands of high-wage jobs. I would not be shocked at all to find out that some European government entities were covertly subsidizing overproduction just to keep their local plant(s) open. Pure speculation, of course - but it would make a lot of sense.
July 09, 2014, 10:39:33 AM
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.
Snopes has this as "false" but it seems like a rather weak and hand-waving debunk to me.
http://jalopnik.com/that-zero-hedge-article-on-unsold-cars-is-bullshit-1578124255
They pull apart about 1/3 of the article and call it done. There are certainly some inaccuracies in the article but that doesn't dismiss the whole thing.
July 09, 2014, 10:37:51 AM
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. July 09, 2014, 10:35:50 AM
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".
July 09, 2014, 10:31:11 AM
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.
July 09, 2014, 10:28:34 AM
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?
July 09, 2014, 10:16:36 AM
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.
July 09, 2014, 10:08:28 AM
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.
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