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

[Hueristic]

On a side note..things appear to be reaching a boiling point in Venezuela. My thoughts and prayers that thing's remain peaceful go out to you during this time of turmoil. Buy bitcoin.

Short video of protester's in the street's.
https://twitter.com/PsychologyDoc/status/1088210863503429634

https://www.washingtonpost.com/world/the_americas/opposition-launches-protests-to-oust-maduro-as-us-venezuela-tensions-rise/2019/01/22/0416687a-1e4f-11e9-a759-2b8541bbbe20_story.html?utm_term=.cca03463e2e0

W0w, we REALLY care about the lives of those people in oil producing countries.

[1713885453]

1713885453

[Arriemoller]

2% of actual increase on top of the 10K, what country, planet are you from..... we have to pay for having a bank account, and probably the time will come we have to pay, to may save money on a/that bank account

Banks are shit but still 2% is rather common.

I got 3% and it's not under heavy conditions and it's rather risk-free. But if you consider inflation it's only a 1/1.5% net gain.

So BTC wins anyway.

I get exactly 0%. And inflation is well over your 2%. What planet...

Here you go, 2,25% was the best I could find, I guess you would have to take the train to Sweden thou.
https://www.konsument.se/sparkonto/#basta_sparrantan_2019

[Arriemoller]

Except how fucking slow would that rollout be? In the US we still have payment terminals requiring you to swipe instead of inserting the chip, which I'm pretty sure has been mandated by law.

Dunno for the USA. In france the deployment of NFC  was blazing fast tho. Few years and like everybody has it.

Be happy Globb0 its the best device especially when their are Some won BTC on it

I have a ledger blue as well, but prefer the nano s more

Love mine too. best Black Friday investment ever.

Blazing fast in Sweden too, everybody has them here now.

[HairyMaclairy]

They still use cheques in the USA.

In 2008 I had to explain to a 20 something employee what a cheque was and how she needed to take it to the bank to deposit it. She had never seen one in her life.  

To be fair, I haven’t seen one since.  I haven’t even touched cash for a couple years now except for one parking lot on the English seaside which trapped my car.  

[jojo69]

On a side note..things appear to be reaching a boiling point in Venezuela. My thoughts and prayers that thing's remain peaceful go out to you during this time of turmoil. Buy bitcoin.

Short video of protester's in the street's.
https://twitter.com/PsychologyDoc/status/1088210863503429634

https://www.washingtonpost.com/world/the_americas/opposition-launches-protests-to-oust-maduro-as-us-venezuela-tensions-rise/2019/01/22/0416687a-1e4f-11e9-a759-2b8541bbbe20_story.html?utm_term=.cca03463e2e0

W0w, we REALLY care about the live of those people in oil producing countries.

Our selfless altruism brings a tear to my eye.  Perhaps we should treat those good people to some of our finest ballistic freedom.

[Hueristic]

On a side note..things appear to be reaching a boiling point in Venezuela. My thoughts and prayers that thing's remain peaceful go out to you during this time of turmoil. Buy bitcoin.

Short video of protester's in the street's.
https://twitter.com/PsychologyDoc/status/1088210863503429634

https://www.washingtonpost.com/world/the_americas/opposition-launches-protests-to-oust-maduro-as-us-venezuela-tensions-rise/2019/01/22/0416687a-1e4f-11e9-a759-2b8541bbbe20_story.html?utm_term=.cca03463e2e0

W0w, we REALLY care about the live of those people in oil producing countries.

Our selfless altruism brings a tear to my eye.  Perhaps we should treat those good people to some of our finest ballistic freedom.

The eats is already on the table apparently, we shall save all the hungry and or oppressed in "strategic" areas of the world.

[infofront]

I could never figure why Warren Buffet is so comfortable with big government, giant QE programs that are unable to unwind and the general threat to the economy (and so the people) from excessive debts.    So I guess I cant be surprised he is dead against BTC but being all in favour of a cotton note that costs more to make then nominated value written on it.   Thats a good analogy for the inefficiency of government in general but he can see no advantages or advancements in the blockchain network.

I think they both great on evaluating company value and markets to some extent but neither is qualified to dismiss all alternatives to debt based money.   They have a strong bias in benefiting from the status quo, thats all I have to assume leads them to such a strong conclusion

He makes his money off of the status quo. He sees Bitcoin as a threat to his empire.

[Biodom]

They still use cheques in the USA.

In 2008 I had to explain to a 20 something employee what a cheque was and how she needed to take it to the bank to deposit it. She had never seen one in her life.  

To be fair, I haven’t seen one since.  I haven’t even touched cash for a couple years now except for one parking lot on the English seaside which trapped my car.  

I like cash, but, yes, the use of it is very limited.
Checks in US are mostly used for one-off payments, especially cashiers checks.
Reason: it takes zero $ to write and/or deposit a check, yet it costs $30 ($15+$15) to do a bank wire.
ACH is mostly free, but takes a few days typically.
Nobody uses checks to pay for groceries or movie tickets.
Some small businesses also OK with checks because they don't have to pay 3-5% to credit card companies.

[HairyMaclairy]

We finally have free instant bank transfers.  I can now get fiat out of my bank account into an Bitcoin exchange in less than 30 seconds. It’s pretty impressive. Funny enough they had been talking about it for years and it came out immediately after everyone went nuts for crypto.

[jojo69]

I use cash for everything except online purchases.

We all should.  The State would love nothing more than to abolish it once and for all so they can track our every move.

It is a "use it or lose it" kind of thing.  It is up to each of us to keep the cash infrastructure operational.

[HairyMaclairy]

That’s why we have Bitcoin

[jojo69]

That’s why we have Bitcoin

Yeah...ummmm

couple problems with that

[bitserve]

I use cash for everything except online purchases.

We all should.  The State would love nothing more than to abolish it once and for all so they can track our every move.

It is a "use it or lose it" kind of thing.  It is up to each of us to keep the cash infrastructure operational.

I do it all the time. We all should, yeah... but it's EOL is coming. I don't think there's no turning back at this point. I have already accepted it.

Fortunately we do have crypto. At least until even stricter KYC/AML controls even for purchases....

Oh... and I think I have never said one (main?) of the reasons I got into Bitcoin in 2013 was because I realised cash had its days counted. So.. thanks for that... or not... it's complex... lol

I loved the idea of having some funds completely "out of the system" (besides cash buried somewhere). "Unfortunately", Bitcoin has become so successful that it
 has a lot of probabilities of becoming also "part of the system". That's good and bad at the same time. As I said, it's "complex".

[HairyMaclairy]

First breakout due end of April or earlier.

[HairyMaclairy]

I loved the idea of having some funds completely "out of the system". "Unfortunately", Bitcoin has become so successful that its has a lot of probabilities of becoming also "part of the system". That's good and bad at the same time. As I said, it's "complex".

Go overseas for a holiday and while you are there open a bank account.  I have bank accounts around the world.  Offshore debit cards also useful. 

 

[bitserve]

I loved the idea of having some funds completely "out of the system". "Unfortunately", Bitcoin has become so successful that its has a lot of probabilities of becoming also "part of the system". That's good and bad at the same time. As I said, it's "complex".

Go overseas for a holiday and while you are there open a bank account.  I have bank accounts around the world.

I don't have that much "surplus" cash to really need that. Otherwise I would have opened a bank account in Gibraltar as some people I know have.

I would like to open a USA account (for my crypto dealings) and I use to go to Las Vegas every once in a while but I don't think it is so easy, is it??

[HairyMaclairy]

I did it in 20 minutes.  Just walked into a branch and told them I was moving to the US and buying a house and needed a bank account and could they please give me some information on their mortgage packages.  They have sales targets to meet.

You don’t need much cash in the account - just above the minimum to hold it open.  Think of it as an open escape hatch.

What I really want is a Chinese bank account but haven’t figured out how to get one without a residents permit.

[Hueristic]

I could never figure why Warren Buffet is so comfortable with big government, giant QE programs that are unable to unwind and the general threat to the economy (and so the people) from excessive debts.    So I guess I cant be surprised he is dead against BTC but being all in favour of a cotton note that costs more to make then nominated value written on it.   Thats a good analogy for the inefficiency of government in general but he can see no advantages or advancements in the blockchain network.

I think they both great on evaluating company value and markets to some extent but neither is qualified to dismiss all alternatives to debt based money.   They have a strong bias in benefiting from the status quo, thats all I have to assume leads them to such a strong conclusion

He makes his money off of the status quo. He sees Bitcoin as a threat to his empire.

The same reason why congress never gets anything accomplished, they are all bought by those that want the keep status quo.

[bitserve]

I did it in 20 minutes.  Just walked into a branch and told them I was moving to the US and buying a house and needed a bank account and could they please give me some information on their mortgage packages.

You don’t need much cash in the account - just above the minimum to hold it open.  Think of it as an open escape hatch.

Let's talk theoretically... If I went there for a holiday and withdrew a couple tens of thousands from a (several) crypto ATM... could I just walk into a bank branch with my spanish TOURIST passport, open an account, deposit the cash and control it remotely via online banking?

[jojo69]

Go overseas

 

yeah...couple problems with that