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Question: How far will this leg take us?
$110K - 9 (8.3%)
$120K - 19 (17.6%)
$130K - 17 (15.7%)
$140K - 9 (8.3%)
$150K - 19 (17.6%)
$160K - 2 (1.9%)
$170K+ - 33 (30.6%)
Total Voters: 108

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26809793 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 1 users with 9 merit deleted.)
600watt
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September 25, 2020, 06:23:35 PM

i am trying to find out how money transfers through banks technically work (ACH, SEPA). I cannot find anything useful, there are just general descriptions but not detailed technical descriptions. what I want to find out is to what level present day money transfers between private consumers or between business and customer are automated/digitized. how do clearing houses work under the hood? how do they receive, control and process transactions? how are their databases connected or are their kept separate? 

i am willing to rain merits for useful info. or even sats. is there a banker here or someone with prime knowledge about this topic?


thank you!

https://engineering.gusto.com/how-ach-works-a-developer-perspective-part-1/



uups, already out of merit. I owe you 5 merits !
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September 25, 2020, 06:33:21 PM
Merited by kurious (1)

Seeing that WO is a little on the "rough & edgy" side lately, allow me to add a soothing note to the mix:

Leonard Cohen - Villanelle For Our Time

Let the gentle music soothe your soul, and the lyrics touch your heart.

— Goodbye, Leonard, and thanks for bringing us so much light, wisdom, and healing.
Biodom
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September 25, 2020, 06:37:45 PM

i am taking a bet on CT. if price reaches $400k before next halving I lose 1 btc. if it doesn't, I win 1 btc.

already salivating...

Sorry, what's CT?
600watt
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September 25, 2020, 06:42:10 PM
Merited by BobLawblaw (1)

i am taking a bet on CT. if price reaches $400k before next halving I lose 1 btc. if it doesn't, I win 1 btc.

already salivating...

Sorry, what's CT?

CryptoTwitter. absolutely bonkers. peak tribalism and a lot of fun.
Last of the V8s
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September 25, 2020, 06:46:02 PM

600 there were a couple more answers further back too  Cool
nullius
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September 25, 2020, 06:52:15 PM

I have been thinking about this:

Besides, at this stage in the game I'd just rather not know the political beliefs of people I otherwise hold in high regard for their contributions elsewhere.

That falls under the category of “your problem, not theirs”.

I regularly use things made by people whom I personally despise.  If I didn’t, then I would need to boycott >99% of all things in the modern world.  Including almost every product of the tech industry.  Including the Internet.  Should I render myself powerless and irrelevant, while people whom I despise make things that give them power, influence, prestige, and wealth?  I think not.

On the flipside, if I ever create something of significant value (which, thanks to the benefits of anonymity and pseudonymity, you may or may not ever know), then I would personally appreciate if you would please refrain from contaminating my pure and sacred creation with your grubby little hands.  You, and a few billion others.  At least, that is how I feel:  I wish for anything that I ever create to only be touched (or even seen) by people whom I approve politically, morally, and culturally.  But if I have a purpose for giving others something of value to them, then I am not inclined to defeat myself by throwing a hissy fit, grabbing my toys, and running away.

What about whatever productive work you may do?  Do you lie awake at night wondering if somebody you dislike may enjoy something that you have done?  To any creative personality, is that not infinitely more important than the personalities who made things that you consume?



I think that this point needs a salutary object demonstration.

I hate simply cannot resist the opportunity to ruin this for you:  Dr Wernher von Braun, the chief architect of the rocket that put man on the moon, was a NSDAP member and SS officer who attained the rank of SS-Sturmbannführer.  I have no doubt that deep in his heart, he wished to put a swastika flag on the moon instead of the American flag.  And he was not the only like mind on the moon mission team; to the contrary!

I have a longtime pet theory that the “moon landing hoax” nonsense is motivated by this well-known fact on a very deep level.  It is a way of declaring Dr von Braun “cancelled”.

To help you cope with “the political beliefs of people [you] otherwise hold in high regard”, why don’t you open a P&S thread Revealing The Truth:  The so-called “moon landing” was a hoax concocted by an underground Nazi conspiracy to glorify the Third Reich!

Now, here and there on the Internet, you may have seen what appears to be PROOF that the moon landing hoax was done by Jews.  But of course, as a cover story in case the hoax was discovered, the Nazis had to create a meta conspiracy theory blaming the hoax on Jews.  Just because logically, Jews are exactly the people who would want for an SS officer and his fellows to be forever remembered in history as the builders of the first moon rocket.  That’s a typical Jewish thing!  It all makes sense!  Connect the dots, people!

Perhaps I myself should make such a thread.  The aforestated theory is more sensible than most of the stuff in P&S.


Lest delicate liberal brains actually, literally, physically explode, I will not mention the various opinions of numerous poets, artists, scholars, scientists, and philosophers throughout history—e.g., what Voltaire said about blacks and Jews.  If, nutildah, you really want to apply some sort of a political correctness litmus test for “the political beliefs of people [you] otherwise hold in high regard for their contributions”, then more or less your only option is to go hide in a cave.
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September 25, 2020, 06:52:50 PM
Merited by BobLawblaw (2)

Lot of sadness and concern about, about Ron Paul having a stroke. One of the good guys huh?
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September 25, 2020, 07:00:30 PM
Merited by Hueristic (1), Last of the V8s (1)

Lot of sadness and concern about, about Ron Paul having a stroke. One of the good guys huh?

https://twitter.com/RonPaul/status/1309567134222233601
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diamond-handed zealot


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September 25, 2020, 07:00:42 PM

Lot of sadness and concern about, about Ron Paul having a stroke. One of the good guys huh?

https://www.youtube.com/watch?v=SZFvWJQ8WSE
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Self-Custody is a right. Say no to "non-custodial"


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September 25, 2020, 07:01:04 PM

today the dollar got stronger but bitcoin also was rising.  usually, when the dollar is strong bitcoin is falling and when the dollar is weak, bitcoin price rises. check the charts and look what happened in 2017 and also in the first half of 2020.

decouple from eth
decouple from dollar
decouple from gold
decouple from stocks

this will be fun.

BTC already has decoupled from those above and a variety of other asset classes too, such as property, collectibles, etc.


Don't get distracted by short-term BTC price movements that appear to be coupled when they are not when you zoom out a wee bit.


Just look at BTC price movements from 2012 to present... they are not exactly lined up with eth, dollar, gold stocks, or other assets even though there are short periods of appearances of such lining up. 

Of course, ETH has a shorter history and it has been riding on the coattails (and security and cover) of bitcoin, so who knows exactly how that lil smoke & mirrors constantly moving the goal posts about how to scam the next peeps through confusion  - multitude of scams platform - is going to play out.
friends1980
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September 25, 2020, 07:02:58 PM

Lot of sadness and concern about, about Ron Paul having a stroke. One of the good guys huh?

Yeah damn, the video is hard to watch, poor guy, one of the last standing "famous" libertarians...
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September 25, 2020, 07:05:45 PM



1h


4h

#stronghands
600watt
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September 25, 2020, 07:12:52 PM

600 there were a couple more answers further back too  Cool

I think I saw two additional answers and I did merit them. did I miss any?
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September 25, 2020, 07:22:05 PM

aok no you got em. WO delivers Cool
Phil_S
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September 25, 2020, 07:23:17 PM

All non-public communications should be encrypted.  Period.

If you only encrypt selected things, then you are red-flagging those things as “something to hide”, leaking what is in practical effect contextual metadata, and inviting targeted attackers to seek specifically the things that you wanted to encrypt.  Oops.



W0rd.

If you don't mind red-flagging yourself as the-guy-who-encrypts-everything, of course...
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September 25, 2020, 07:41:35 PM

today the dollar got stronger but bitcoin also was rising.  usually, when the dollar is strong bitcoin is falling and when the dollar is weak, bitcoin price rises. check the charts and look what happened in 2017 and also in the first half of 2020.

decouple from eth
decouple from dollar
decouple from gold
decouple from stocks

this will be fun.

BTC already has decoupled from those above and a variety of other asset classes too, such as property, collectibles, etc.



you keep saying this...let's see the data.
In 2020 bitcoin has a pretty good correlation with the stock market.
One can argue that non-correlation seen prior was a temporary phenomenon due to a small size and lack of the institutional investment.
It is plausible to suggest that with the increase of institutional investment, bitcoin will start to correlate more, not less, but I am eager to be convinced otherwise.
If bitcoin has 90-100% correlation to a stock market, it would be less attractive as a potential hedge.
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September 25, 2020, 07:42:08 PM

https://twitter.com/Ragnarly/status/1309577154183622656?s=20

cute little 3d printed gun. 50 cal gun
friends1980
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September 25, 2020, 07:48:18 PM
Merited by Hueristic (1)

Lot of sadness and concern about, about Ron Paul having a stroke. One of the good guys huh?

https://twitter.com/RonPaul/status/1309567134222233601

I knew I wouldn't have to search very far for this one.

Proud hodler since 2008.

xhomerx10
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September 25, 2020, 08:06:06 PM


Damn in life there is always someone who has more Cheesy https://i.imgur.com/rMhiSPb.jpg

I will settle for my dinner, today I open the fall season with a raclette, a good red wine.

Right now I toast and share a beer with everyone, take care.


 

 

 
LFC_Bitcoin
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September 25, 2020, 08:33:21 PM




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