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

[mymenace]

MY bank (credit union) does not have an online access for international wire transfers.

Same here, no online wires. But at least I don't have to walk in, I can do a phone transfer. And guess how I get the confirmation transfer slips? Yes, only by fax.

I had no idea banks like that still existed after the change to 21 century... Not that I would be using any of those not even in the nineties. There are no other banks available to you with proper internet access?

You guys are (almost) making me appreciate the "good" banks I do use when I don't even remember when was the last time I had to physically walk into one. Wire transfers are also completely hassle free and in some cases (SEPA transfers) almost instant.

It's the matter that they could just wipe out or freeze my funds at any time what has always worried me.... other than that, they are pretty convenient to "use".

use a commercial bank... I had a bank in 2013....i said I needed it in USD to Sweden for knc machines....they said no problem..the bank had a bot that auto changed

so they could nickel and dime some extra cash with the USD to other currencies kinda scam...bit here, bit there....was lost for 31 days..till fixed by hand, lucky knc waited


later


the same bank had a banker who heard I was into BTC in 2013..there was one of those 99,999.99 bank error slips sent to me in the mail..the bank manager

called the SEC on me...on speaker phone, the SEC guy was wtf when I showed the payment to knc of like 11,900 or some such..not 99,,9999.99 or whatever

the banker then did what and tried to cover his ass with the SEC guy...as

I expected and said BTC was evil and I must be cheating on taxes...got a CPA on this eventually previous to meeting (needs must when the devil drives)

on just this scenario

slapped the CPA completed taxes down with a FU and that pretty much ended that meeting with the SEC guy saying on speaker phone, 'why the hell am I here?'

So pure as the driven snow with IRS and SEC since....and the CPA actually saved me more $$$ due to asic equipment in 2013 to this day...

so yeah, get a commercial bank...that is what they are there for ...do your research...the bank was national tcf by the way...avoid

brad

I am not sure what a commercial bank means. According to https://en.wikipedia.org/wiki/Commercial_bank. A commercial bank is basically what I would call a "bank". Maybe it is that here the difference between banks for business or individual persons is almost non-existent. All the banks I can recall now would offer all those services while at the same time being available to individual person clients.

About the horror story you had with your bank in 2013... yeah, it is that sort of stuff what worries me. Them being in control direct control of your money means that things could go very ugly if some mistake/misinterpretation happens. That's what I like about Bitcoin: I am in direct control of my BTC.

But, other than that, don't really have much to complain about the general usage through their internet platforms.

Our government put new ID laws in place.

My bank informed me.

I was unaware.

April 2018
They ceased all services on my account, No proper ID (They stole my money)

So I walked in and closed my account of over 20 years and got my money out.

[bitserve]

Our government put new ID laws in place.

My bank informed me.

I was unaware.

April 2018
They ceased all services on my account, No proper ID (They stole my money)

So I walked in and closed my account of over 20 years and got my money out.

I guess that must be the equivalent of the laws implemented here a couple of years ago. They announced it for months before the deadline... it even got coverage in the media. Yet I did miss to fulfill the questionaires of one of my banks that I rarely use. I didn't even notice until many months later when I was to do a transfer. The account was locked for transfers. I provided them with the required information and the account was unlocked.

That was it. Everything ok. No complaints. But... What kind of nightmare I would be into IF they had chosen not to unlock it for god knows what reason? That's what worries me.... yet I do have no other option than to keep using banks... and BTC for all the rest

I don't think BTC will SUBSTITUTE banks. It's far from it currently... And probably will not be in the future even if BTC succeeds. What I mean is... if BTC reach enough adoption banks (being for profit business above all else) will just adopt it in their core business. As soon as I have the choice to also have the main part of it on my direct control I am ok with it.

[Robin,Hood]

MY bank (credit union) does not have an online access for international wire transfers.

Same here, no online wires. But at least I don't have to walk in, I can do a phone transfer. And guess how I get the confirmation transfer slips? Yes, only by fax.

Wow that must error prone and a slow process spelling some unorthodox foreign names and addresses.
With internet banking copy-paste all the fields and its done.

I am currently fight a major battle with an international payment sent on April 6 and still not credited to beneficiary account.
Letter in hand from bank with confirmation of electronic fund transfer, on log in can see money deducted from account and endless phone calls each and everyone confirming money is with receiving bank.   
Various consumer organizations and financial ombudsman have been conducted, will see what comes of it.

With bitcoin everyone can see the transfer

[mymenace]

Our government put new ID laws in place.

My bank informed me.

I was unaware.

April 2018
They ceased all services on my account, No proper ID (They stole my money)

So I walked in and closed my account of over 20 years and got my money out.

I guess that must be the equivalent of the laws implemented here a couple of years ago. They announced it for months before the deadline... it even got coverage in the media. Yet I did miss to fulfill the questionaires of one of my banks that I rarely use. I didn't even notice until many months later when I was to do a transfer. The account was locked for transfers. I provided them with the required information and the account was unlocked.

That was it. Everything ok. No complaints. But... What kind of nightmare I would be into IF they had chosen not to unlock it for god knows what reason? That's what worries me.... yet I do have no other option than to keep using banks... and BTC for all the rest

I don't think BTC will SUBSTITUTE banks. It's far from it currently... And probably will not be in the future even if BTC succeeds. What I mean is... if BTC reach enough adoption banks (being for profit business above all else) will just adopt it in their core business. As soon as I have the choice to also have the main part of it on my direct control I am ok with it.

It brought back memories of all that money the banks stole in 2008

All the nightmare stories of banks taking deposits, negative interest rates, bank runs

The gold taking in 1933

I though stuff it, give it back, you are not doin that to me

Could of just ID and unlocked the account like you mentioned.

[loveraltcoin]

Still used a lot in business. Frankly, it's still easier than scanning in a document and emailing it.

If your fax/scan machine is not too antiquated, it can email documents too!  I used to have one at work, but I stopped going there a few years ago.  It was too depressing.

Actually, if you have direct email send funtion than it is pretty convinient since scanning document with a phone does not give you same quality when it comes to shape of the scan. Nevertheless, scan maschines are damn slow and noisy.

[mymenace]

Still used a lot in business. Frankly, it's still easier than scanning in a document and emailing it.

If your fax/scan machine is not too antiquated, it can email documents too!  I used to have one at work, but I stopped going there a few years ago.  It was too depressing.

Actually, if you have direct email send funtion than it is pretty convinient since scanning document with a phone does not give you same quality when it comes to shape of the scan. Nevertheless, scan maschines are damn slow and noisy.

Take a photo of the doc now

no fax
no scanning


timestamp
geolocation

screw quality (better than half the receipts or scans)

[BTCHadzija]

fax?

is that really a thing?

I hope you guys like the Office, Michael is my favorite character in TV history. Time to re-watch it all again  

[Speculatoross]

So, finally Consensus is over and forgotten. Of course, no pump have been registered.
If you are still wondering why, you should join us, you fool.

Patiently waiting for consensus 2019 dump, the community (you shall not ask which one) is glad to present you:

MENUS

- FUD Truck #1. BCH Truck
Come and join Lord Jesus our savior, while you eat your lunch you can get a free explanation on why we better than bitcoin core, and of course why we the only one who calls btc bitcoin core
Careful: our burgers may be a little salty

-FUD Truck #2. Ripple
Have a relaxing dinner with our hypnotic background lounge music that will convince you decentralization isn't that much worth afterall
Only place where you can still buy XRP at 3$ each, don't miss this opportunity, moon soon.

-FUD Truck #3.  CONNECT with us
Hey Hey Heeeeeeeyyyyyy
Discover with us the wonderful project who will change your life, a coin now worth a few cents but that has already proven can go over 350$... ready for the comeback?
Disclaimer: not welcome if you know what a ponzi scheme is, we don't like people spreading false informations.
Unfortunately not real food here also, temporarily out of funds.

- FUD Truck #4. Big Guys
Sponsored by Goldman Sachs, J P Morgan and Warren Buffett.
While enjoying old style burgers and over-salty fried chips, learn why is good for you to dump your cryptos and allow us to buy more
You can recognize the truck from our funny logo:



If you'd like to submit your truck please send a pigeon to definetely-the-real-satoshi@fudfestival dot something

If you want to partecipate please note that for ticket purchase only 1945's German Mark are accepted.
Ask at the reception our Lehman Brothers account to make the payment.

[El duderino_]

[TERA2]

jews on the move again

[El duderino_]

jews on the move again

[vapourminer]

fax?

is that really a thing?

its still big in medical, mainly for HIPAA compliance as email is not considered secure. most records are sent from practice to practice that way as there currently is little standardization for electronic medical records. i would send/receive hundreds of pages a day.

[TERA2]

[mikenz]

I am currently fight a major battle with an international payment sent on April 6 and still not credited to beneficiary account.
Letter in hand from bank with confirmation of electronic fund transfer, on log in can see money deducted from account and endless phone calls each and everyone confirming money is with receiving bank.   
Various consumer organizations and financial ombudsman have been conducted, will see what comes of it.

dude, patience. when I sent money via bank acct to an african country few years back, it took 3 months (!) until it finally arrived. and lots of fees.

[Ibian]

I am currently fight a major battle with an international payment sent on April 6 and still not credited to beneficiary account.
Letter in hand from bank with confirmation of electronic fund transfer, on log in can see money deducted from account and endless phone calls each and everyone confirming money is with receiving bank.   
Various consumer organizations and financial ombudsman have been conducted, will see what comes of it.

dude, patience. when I sent money via bank acct to an african country few years back, it took 3 months (!) until it finally arrived. and lots of fees.

I send money on the reg to africa. Confirms in seconds.

[LFC_Bitcoin]

jews on the move again

[mindrust]

https://www.zerohedge.com/news/2018-05-29/everything-has-gone-wrong-soros-warns-major-financial-crisis-coming

“The EU is in an existential crisis. Everything that could go wrong has gone wrong.”
"The strength of the dollar is already precipitating a flight from emerging-market currencies. We may be heading for another major financial crisis." -George SOROS

Fill your bags boys. This is the moment we all have been waiting for. It is coming. Paper monetary system is on life support since early 2000's. QE's kept him alive for nearly another 20 years and It has come to an end.

The next 24 months are extremely critical.

[Anon136]

Fill your bags boys. This is the moment we all have been waiting for. It is coming. Paper monetary system is on life support since early 2000's. QE's kept him alive for nearly another 20 years and It has come to an end.

And we just got some confirmation yesterday that the market does in fact see us as a safe haven asset. (A lot of people just assume this, I have never felt comfortable just assuming it)

[El duderino_]

https://www.zerohedge.com/news/2018-05-29/everything-has-gone-wrong-soros-warns-major-financial-crisis-coming

“The EU is in an existential crisis. Everything that could go wrong has gone wrong.”
"The strength of the dollar is already precipitating a flight from emerging-market currencies. We may be heading for another major financial crisis." -George SOROS

Fill your bags boys. This is the moment we all have been waiting for. It is coming. Paper monetary system is on life support since early 2000's. QE's kept him alive for nearly another 20 years and It has come to an end.

The next 24 months are extremely critical.

The day When 24h becomes 24months.....

[Harlot]

Fill your bags boys. This is the moment we all have been waiting for. It is coming. Paper monetary system is on life support since early 2000's. QE's kept him alive for nearly another 20 years and It has come to an end.

And we just got some confirmation yesterday that the market does in fact see us as a safe haven asset. (A lot of people just assume this, I have never felt comfortable just assuming it)

Yep a 500$ increase means that the bulls are in for the fight with the bears and they are showing that they don't want Bitcoin to go down below 7,000$. It will just need one big pump for it to go up again. Right now it is trying to complete a inverse head and shoulder pattern which is a bullish formation if it goes about 7,600$ our first target would be 7,700$- 7,800$ but if it goes down to 7,350$ then this rally would be over.