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

[Cryptotourist]

The Sun is going to engulf our Earth at one point. Should I be worried?? No. Get real mate!

You should be worried.  Compared to physical metals, shitcoins will age about as well as Tom Cruise's girlfriends:

Yes r0ach, I'm starting to get worried now that you proved it without any shed of a doubt.

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[serveria.com]

Facebook is going to create their own stable coin for whatsapp, targeting the remittance market.

https://cointelegraph.com/news/bloomberg-facebook-is-developing-a-cryptocurrency-for-transfers-in-whatsapp

https://www.ccn.com/facebook-aggressively-hiring-blockchain-devs-discussed-launching-cryptocurrency-report/


Western Union's response: "We already operate with 130 currencies. If one day we feel like it is the right strategy to introduce cryptocurrencies to our platform, technology-wise, it's just one more currency. I think cryptocurrencies may become one more option of currency or assets around the globe to be exchanged between people and businesses. If that happens, we would be ready to launch."

https://cointelegraph.com/news/western-union-considers-crypto-partners-with-ripple-to-test-blockchain-payments


The race to dominate the remittance market has started, meanwhile Bitcoin has been able to do this since the start.

Will Facebook operate tens of thousands of offices in Goatfuckville?

Western Union make the money they do because their users wind up with cash in their hand no matter who they are or where they are.

Anyone can put together some 1s and 0s that magic across the internet. The hard bit is the start and finish.

I can't believe a company like WU is still operating 10 years after the crypto was invented. Are people really that stupid?  

[gentlemand]

I can't believe a company like WU is still operating 10 years after the crypto was invented. Are people really that stupid?  

I have a slight issue with people who roll out the 'Bitcoin will kill WU' line. Mainly cos as it stands it's crap.

You're paying WU to finish up with spendable cash in someone else's hands in millions of places.

Millions of other places don't have places to spend crypto, or don't have exchanges or might have 2-3 people to sell it to in an entire country on Localbitcoins.

It's a starry eyed comparison that fails to hold up.

[serveria.com]

I can't believe a company like WU is still operating 10 years after the crypto was invented. Are people really that stupid?  

I have a slight issue with people who roll out the 'Bitcoin will kill WU' line. Mainly cos it's crap.

You're paying WU to finish up with spendable cash in someone else's hands in millions of places.

Millions of other places don't have places to spend crypto, or don't have exchanges or might have 2-3 people to sell it to in an entire country on Localbitcoins.

It's a starry eyed comparison that fails to hold up.

If you look at it that way - yes I agree with you. But... if the receiving person has a Bitcoin-to-fiat debit card for example it's suddenly a different story.

It's faster, cheaper, more convenient etc etc

[El duderino_]

Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

[El duderino_]

And

Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

Again

No more no less

[gentlemand]

But...

Until that bit goes then it's still straw grabbing to an extent.

It's a long, long way from being a no brainer yet.

[RealMachasm]

Seems the mood is on the up.

[RivAngE]

I can't believe a company like WU is still operating 10 years after the crypto was invented. Are people really that stupid?  

I have a slight issue with people who roll out the 'Bitcoin will kill WU' line. Mainly cos as it stands it's crap.

You're paying WU to finish up with spendable cash in someone else's hands in millions of places.

Millions of other places don't have places to spend crypto, or don't have exchanges or might have 2-3 people to sell it to in an entire country on Localbitcoins.

It's a starry eyed comparison that fails to hold up.

And this is where XRP comes in, a solution between the centralized fiat with high fees and the decentralized cryptocurrencies with instant and low fees.
Bitcoin is good as a currency when shops accept it, but it has stayed too long in the grey zone of the law and it doesn't have the same software and corporate support Ripple Labs offer.


Really if you think about it, we have about 20-30 great blockchain projects and if we were to support these that'd benefit the whole crypto-scene.
Unfortunately we're too busy fighting among ourselves for which coin is better, which has the best team, which is more decentralized and often we're splitting chains or copy existing projects because so many people feel they are special and they should lead with their own project.

Because of that everyone is losing as we keep weakening BTC to buy into scams and the few great altcoins are lost among the shitcoins.
We'll never replace centralized businesses like that.

[gentlemand]

And this is where XRP comes in

How does XRP put cash in the hand of some Sudanese grandmother sent by a relative in Germany?

The transfer of value is the easy bit. The doling out of cash is the costly and tricky bit.

[Totscha]

And this is where XRP comes in

How does XRP put cash in the hand of some Sudanese grandmother sent by a relative in Germany?

The transfer of value is the easy bit. The doling out of cash is the costly and tricky bit.

XRP shills still as delusional as always I see...

[xhomerx10]

I always thought that the best to be during deflation is FIAT. Am I wrong?

 The best thing to be during deflationary periods is debt free.  If you are debt free and have a fiat stack - you're gold Bitcoin.

[gentlemand]

XRP shills still as delusional as always I see...

https://twitter.com/bankofengland/status/1074627595562598401

[ivomm]

I think I found the right gif for all shorters watching the price this week and especially those who sold at the bottom:

P.S. That refers also to cockr0ach who sold his bitcoins years ago and bought silver. He is the emanation of a weak hand and near-sightedness. Like the pizza guy. He could have 1000x profit. Instead he has 90% loss from the crash of the silver. And he transforms his head banging into gibberish jew, nazi etc. trolling here. I have no sympathy for such duchebags 

[Totscha]

XRP shills still as delusional as always I see...

https://twitter.com/bankofengland/status/1074627595562598401

Holy shit! I stand corrected...

They're multiplying in numbers and in the extent of their delusion.

[gentlemand]

Holy shit! I stand corrected...

They're multiplying in numbers and in the extent of their delusion.

A repost but a goldie.

[Elwar]

I can't believe a company like WU is still operating 10 years after the crypto was invented. Are people really that stupid?  

I have a slight issue with people who roll out the 'Bitcoin will kill WU' line. Mainly cos as it stands it's crap.

You're paying WU to finish up with spendable cash in someone else's hands in millions of places.

Millions of other places don't have places to spend crypto, or don't have exchanges or might have 2-3 people to sell it to in an entire country on Localbitcoins.

It's a starry eyed comparison that fails to hold up.

Does Western Union meet you at the hotel lobby when you arrive in a new country to personally give you local currency with the click of a button on your phone?

Until they provide that good of service they can't compete with localbitcoins.


Also...it sounds like WU has no clue about their potential role in crypto. They think they would somehow be some sort of company to send crypto to crypto. Their role would be to compete with localbitcoins and provide exchange services worldwide.

They likely won't get it until after they are shuttering their doors.

[Phil_S]

gentlemand is right.

In remittance market, cash is king.

[Hexah]

The suckers rally is on, better to pay attention.

[Cryptotourist]

The suckers rally is on, better to pay attention.

+1
It feels a lot like this ATM: