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

[jojo69]

When you have to pay property taxes can you ever really say "You own it outright"?

indeed

the lack of allodial title is one of the clearest indications of our serfdom

[bitserve]

Well, as I said YMMV, but many years ago when I was almost a "child" I started buying my home with a mortgage. Now I have it FULLY paid and never had to pay more than what a rent would have cost me. That is not counting appreciating which would currently mean an additional 2x 3x of the purchase price.

Interests? Around 1% which would amount in total much less than what I were able to deduct in tax payments (like 5% annually).

Couldn't be happier about that as an investment. Well, except for Bitcoin. Yeah, that has been better for sure and in a shorter investment timeframe.

P.S.: YMMV, again. #DYOR

[Torque]

Just so everyone is clear, I'm not arguing against owning a house. I'm actually pro-home ownership. Just pay it off as fast as possible.

I'm merely saying that it's not an "asset" if a) you still have debt owed on it w/ interest, b) it doesn't pay you back, and c) you never plan to sell it. It is a liability, not an asset.

And if you sell a house every 5-10 years just to buy a new one w/ a new 30 yr mortgage. Not an asset. And you'll never own anything that way. Just "leasing" indefinitely.

[greensheep]

Happy May Day!!!



Workers Of The World Unite!

Happy May Day.

Today I lit a candle in front of my Karl Marx statue and repeated the planks of the Communist Manifesto...again.

So many socialist holidays...so few candles...

Too many red candles on red socialist day

[Torque]

Your real-estate discussion is ruining bitcoin. Stop it! This is a wall-observer thread, not a walls-creating-a-home thread!

Didn't you get the memo? Bitcoin is boring as shit right now.

[UnDerDoG81]

Somebody is having fun dumping his coins. He will regret 

[bitserve]

Your real-estate discussion is ruining bitcoin. Stop it! This is a wall-observer thread, not a walls-creating-a-home thread!

Dude, real estate is totally appropiate as Bitcoin discussion.

What do you want to use your amazing profits for in the future?

A lambo? *THAT* is a totally NON-asset.

*THIS* is what I want to be able to build for my retirement when the time comes (I already own the land in the perfect location... but won't start developing until I am fully covered for life):



Or this, with a more modest budget:

[Torque]

The MSM is a contrarian indicator, only ever bullish when the price is going to drop.

So I feel like all the pro-Bitcoin news I've read over the last week or so tells me another dump is coming.

I'm guessing we'll retest the $8K level again soon^TM.

[gentlemand]

Dude, real estate is totally appropiate as Bitcoin discussion.

I would only consider it as a place for myself to live in. As any type of investment it's way too much ball ache. You have to install tenants who grow pot, defecate in the gutters, spurt semen all over the windows, ovulate in the hot water tank, leave their hymen and placentas to rot in the air vents.

Fuck that.

If I had to do something with property I'd get a bunch of paddocks. There's no shortage of stupid people where I'm at who'll pay sometimes 50% or more of a house rental for a field to park their horse in. And you can't eat a human tenant if they don't cough up.

[Toxic2040]

https://twitter.com/stlouisfed/status/990689717384613894

https://research.stlouisfed.org/publications/review/2018/02/13/the-case-for-central-bank-electronic-money-and-the-non-case-for-central-bank-cryptocurrencies?&utm_source=Twitter&utm_medium=SM&utm_term=other&utm_content=pub&utm_campaign=3599

Conclusion

The distinguishing characteristic of cryptocurrencies is the decentralized nature of transaction handling, which enables users to remain anonymous and allows for permissionless access. These key characteristics are a red flag for central banks, and we predict that no reputable central bank would issue a decentralized virtual currency where users can remain anonymous. The reputational risk would simply be too high. Rather, central banks could issue central bank electronic money. This money would be tightly controlled by them, and users would be subject to standard KYC ("know your customer") and AML ("anti-money laundering") procedures.

Some central banks supposedly are evaluating the issuance of a central bank cryptocurrency. However, a closer look at these projects reveals that these are not cryptocurrencies according to our definition in Figure 1. The projects usually are highly centralized.

In general, we don't think that a central bank should be in the business to satisfy the demand for anonymous payments. We believe that such a demand can and will be perfectly satisfied by the private sector, in particular through cryptocurrencies. History and current political reality show that, on the one hand, governments can be bad actors and, on the other hand, some citizens can be bad actors. The former justifies an anonymous currency to protect citizens from bad governments, while the later calls for transparency of all payments. The reality is in between, and for that reason we welcome anonymous cryptocurrencies but also disagree with the view that the government should provide one.

Its the last paragraph that really caught my attention.

[jojo69]

... you can't eat a human tenant if they don't cough up.

of course you can

please, this dystopia is no place to be squeamish

[bitserve]

Dude, real estate is totally appropiate as Bitcoin discussion.

I would only consider it as a place for myself to live in. As any type of investment it's way too much ball ache. You have to install tenants who grow pot, defecate in the gutters, spurt semen all over the windows, ovulate in the hot water tank, leave their hymen and placentas to rot in the air vents.

Fuck that.

If I had to do something with property I'd get a bunch of paddocks. There's no shortage of stupid people where I'm at who'll pay sometimes 50% or more of a house rental for a field to park their horse in. And you can't eat a human tenant if they don't cough up.

Well, of course house/flat rentings are more work than land/fields/paddocks but... I don't know why you think you need to resort to that sort of tenants... I would never rent anything to anyone that doesn't have enough collateral (contractually covered by himself, his parents, or whomever that has enough collateral to fully cover any potential debt/damage to the property + interests + legal costs + moral damages).

Anyway, as with any other type of investments I wouldn't suggest anyone who doesn't really know the market and its specifics to blindly invest on it. Buying a HOME instead of renting is another completely different thing that would probably apply to many more people.

[mindrust]

Your real-estate discussion is ruining bitcoin. Stop it! This is a wall-observer thread, not a walls-creating-a-home thread!

Dude, real estate is totally appropiate as Bitcoin discussion.

What do you want to use your amazing profits for in the future?

A lambo? *THAT* is a totally NON-asset.

*THIS* is what I want to be able to build for my retirement when the time comes (I already own the land in the perfect location... but won't start developing until I am fully covered for life):



Or this, with a more modest budget:

What did I just tell y'all?

Didn't I just say, you gotta be mobile and shiet?

Here is a decent home for a bitcoin hodler:

[bitcoinPsycho]

my future house paid for with btc




when iron man is finnished with it

[mindrust]

my future house paid for with btc




when iron man is finnished with it

Can this house fly? Can it defend itself against mass immigrant zombie invasion? You gotta be mobile maan fookin mobile. Get either wheels or get it on the water but make sure it doesn't have any roots below the ground.

[bitcoinPsycho]

like this?

[mindrust]

like this?

I would prefer this to what you posted before tbh.

[Toxic2040]

A trailing indicator is about to cross over. Looks like we will test support levels again. dyor. Hard to recommend buying the dip when it keeps dipping. Hopefully a clear bottom will present itself in the next couple of weeks.

[vapourminer]

Of course there is absolutely no investment that is 100% risk free, but real estate is "safe enough".

Real estate as an investment is ok if:

[...]

3. It has some appreciation

or potential appreciation? like, buying that landfill where the guy tossed out his hard drive with a fortune of btc?

[sirazimuth]

Your real-estate discussion is ruining bitcoin. Stop it! This is a wall-observer thread, not a walls-creating-a-home thread!

Dude, real estate is totally appropiate as Bitcoin discussion.

What do you want to use your amazing profits for in the future?

A lambo? *THAT* is a totally NON-asset.

*THIS* is what I want to be able to build for my retirement when the time comes (I already own the land in the perfect location... but won't start developing until I am fully covered for life):



Or this, with a more modest budget:

What did I just tell y'all?

Didn't I just say, you gotta be mobile and shiet?

Here is a decent home for a bitcoin hodler:

I thought wood paneling went out of vogue with bell bottoms and Brylcreem...
Oh wait a minute, its horizontal grain...nm..