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

[Tzupy]

A couple of bearish analyses at Tradingview:
https://www.tradingview.com/v/DGDpVV7X/
https://www.tradingview.com/v/XuCOpkDa/
https://www.tradingview.com/v/thP23Url/

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[Erdogan]

Now that bitcoin is dead what the fuck am I going to do all day?

lol you could tell stories about the good old days of bitcoin. Like you used to buy 5 bitcoins with a nickel. 

WAS A TRICK QUESTION!!!! BITCOIN WILL NEVER DIE!! CHEAP COINS!

Now that bitcoin is dead, we know for sure that even so, it does not stink. That's progress.

[Erdogan]

If I want to pay someone in Indonesia the equivalent of 100 USD, this needs to happen:

a) sell a suitable amount of bitcoin on the local bourse
b) redraw the local fiat to my local bank
c) order a wire transfer in my local bank
d) the local bank needs to order that in one of my country's internationally connected banks.
e) the sum is converted to dollars
f) that bank must order a wire from its account in an international bank like deutche bank
g) the wire arrives in an internationally connected bank's foreign bank account
h) the sum is converted to rupiah
i) the sum is moved from the local banks account in the big Indonesian bank
j) the sum is moved to the customers account
k) the customer must send the fiat to his local exchange
l) the customer must sell his fiat on the exchange
m) the customer must retrieve his bitcoins

So may smart people here, could this procedure be streamlined?

just put the coins in an envelope, send it via airmail   

Even better, anyone, maybe you on the last row there, with the white shirt?

[Tzupy]

snip

Now that bitcoin is dead, we know for sure that even so, it does not stink. That's progress.

If bitcoin is dead for you now, then in about a month you'll think it stinks.

[kehtolo]

If I want to pay someone in Indonesia the equivalent of 100 USD, this needs to happen:

a) sell a suitable amount of bitcoin on the local bourse
b) redraw the local fiat to my local bank
c) order a wire transfer in my local bank
d) the local bank needs to order that in one of my country's internationally connected banks.
e) the sum is converted to dollars
f) that bank must order a wire from its account in an international bank like deutche bank
g) the wire arrives in an internationally connected bank's foreign bank account
h) the sum is converted to rupiah
i) the sum is moved from the local banks account in the big Indonesian bank
j) the sum is moved to the customers account
k) the customer must send the fiat to his local exchange
l) the customer must sell his fiat on the exchange
m) the customer must retrieve his bitcoins

So may smart people here, could this procedure be streamlined?

just put the coins in an envelope, send it via airmail   

Even better, anyone, maybe you on the last row there, with the white shirt?

Western Union?
MPesa (do the have this in Indonesia yet?)
Maigical Beans?
Pay Pal?

Digital Tulip bulbs?

or.. digital crypto whatchamacallits...

[Pala_00]

If bitcoin is dead for you now, then in about a month you'll think it stinks.

[ChartBuddy]

Explanation

[Erdogan]

snip

Now that bitcoin is dead, we know for sure that even so, it does not stink. That's progress.

If bitcoin is dead for you now, then in about a month you'll think it stinks.

You're right. To be sure, I stuck my Trezor into three layers of plastic bags, and placed it just below the air vent.

[Erdogan]

Hey, does anyone else remember the time you preferably used unused (unstamped) stamps to pay for mail orders? Wow, I'm old.

[empowering]

If I want to pay someone in Indonesia the equivalent of 100 USD, this needs to happen:

a) sell a suitable amount of bitcoin on the local bourse
b) redraw the local fiat to my local bank
c) order a wire transfer in my local bank
d) the local bank needs to order that in one of my country's internationally connected banks.
e) the sum is converted to dollars
f) that bank must order a wire from its account in an international bank like deutche bank
g) the wire arrives in an internationally connected bank's foreign bank account
h) the sum is converted to rupiah
i) the sum is moved from the local banks account in the big Indonesian bank
j) the sum is moved to the customers account
k) the customer must send the fiat to his local exchange
l) the customer must sell his fiat on the exchange
m) the customer must retrieve his bitcoins

So may smart people here, could this procedure be streamlined?

Could you not

a) Invite person in Indonesia to set up a BTC wallet, and an account with BTC exchange
b) Send them $100 worth of BTC
c) Person either holds or sells BTC


or

a) Invite person to set up a BTC wallet
b) Send $100 worth of BTC
c) Person sells BTC to a local otc exchange


of course these both have the risk of price fluctuation risks for the time that the receiver holds the coins and any exchange fees, but both do allow you to transfer equivalent of $100 USD.


(In your scenario, you start off owning Bitcoins and end up with the customer buying bitcoins , so therefore to get the same result as your scenario, why go through the bank at all?, just two steps needed to do the same thing, just a) Get customers BTC address, and b) send BTC- which really is just one step i.e a) send BTC to customers address)

[Erdogan]

If I want to pay someone in Indonesia the equivalent of 100 USD, this needs to happen:

a) sell a suitable amount of bitcoin on the local bourse
b) redraw the local fiat to my local bank
c) order a wire transfer in my local bank
d) the local bank needs to order that in one of my country's internationally connected banks.
e) the sum is converted to dollars
f) that bank must order a wire from its account in an international bank like deutche bank
g) the wire arrives in an internationally connected bank's foreign bank account
h) the sum is converted to rupiah
i) the sum is moved from the local banks account in the big Indonesian bank
j) the sum is moved to the customers account
k) the customer must send the fiat to his local exchange
l) the customer must sell his fiat on the exchange
m) the customer must retrieve his bitcoins

So may smart people here, could this procedure be streamlined?

Could you not

a) Invite person in Indonesia to set up a BTC wallet, and an account with BTC exchange
b) Send them $100 worth of BTC
c) Person either holds or sells BTC


or

a) Invite person to set up a BTC wallet
b) Send $100 worth of BTC
c) Person sells BTC to a local otc exchange


of course these both have the risk of price fluctuation risks for the time that the receiver holds the coins and any exchange fees, but both do allow you to transfer equivalent of $100 USD.


(In your scenario, you start off owning Bitcoins and end up with the customer buying bitcoins , so therefore to get the same result as your scenario, why go through the bank at all?, just two steps needed to do the same thing, just a) Get customers BTC address, and b) send BTC)

Best answer till now, except, you don't need c). You won a horse, which is physically sent through SWIFT, to be expected two weeks from now.

Sorry, this thread needs fillers in slow times. 

[jonoiv]

We are Never gonna see $399 again, EVER.

CUT YOUR GOOSE!!!!!!!!!

I have bad noose for you, Stamp dipped below 399 just now.

[empowering]

We are Never gonna see $399 again, EVER.

CUT YOUR GOOSE!!!!!!!!!

I have bad noose for you, Stamp dipped below 399 just now.

I was considering cutting my moose yesterday, but in the end I just settled for choking my goose instead.

(edit -  by moose I mean wrists and by goose I mean what is dangling inbetween my legs... I have always thought of it more of an eagle, but goose will do... cocks are such scrawny birds)

(edit - foie gras anyone?)

[DeadCoin]

If my understanding is correct, most bitcoin bulls are on shrooms?

[empowering]

Choke your goose!!

Ya bunch of goose chokers  

(edit: love you all)

[empowering]

If my understanding is correct, most bitcoin bulls are on shrooms?

It helps read the charts.

[empowering]

I am available for weddings and Bar mitzvahs

[empowering]

Best answer till now, except, you don't need c). You won a horse, which is physically sent through SWIFT, to be expected two weeks from now.

Sorry, this thread needs fillers in slow times. 

May I have a unicorn instead please sent via angel fart?

Or a horses head in my bed when I wake up?

Either will be better than SWIFT.... the irony is in the name really.

[dannyspk]

Falling wedge pattern forming on 30m charts. Breakout incoming? Anyone?

[kehtolo]

Falling wedge pattern forming on 30m charts. Breakout incoming? Anyone?

Sorry.. falling wedge.. i just don't see it. Perhaps a nice chart with a picture of a dinosaur or similar would help me to see it?

Edit: Serious TA calls for dino charts