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

[AlcoHoDL]

If I accidentally deposit $1000 to your account, I cannot just say to the bank "I'm sorry, I made a mistake, I want my $1000 back". I have to contact you and kindly ask you to send the money back to me, and you can refuse to do so for whatever reason.

Depending on who you are, you certainly can. Hence Bitcoin.

Correct. If you have an unexpected windfall at a bank (error transfer) that is classified as "not reasonable" then yes you have to give it back. Sucks, but that's life. Now if you deposit extra money to pay a debt in error then the holder of the debt does NOT have to give it back as it is a payment against the debt.

Bitcoin fixes the above issue.

That said, if someone dropped 100btc into my account by mistake I would refund it. Because it's the right thing to do and laying claim to something that isn't mine would corrupt my soul. That's worth way more than 100btc to me.

For large amounts classified as "unreasonable", where the sender can clearly show that they made an honest mistake, then yes, I suppose the bank can intervene and reverse the transaction, or legally force the recipient to do it. But if I accidentally deposit $1000 to an unintended account, it's not so easy. I don't think I can just call my bank and reverse it. It can probably be done, but it will take time and I wouldn't expect the bank to be so helpful, especially if the recipient is uncooperative and tells them some fake story justifying the transfer. If I know the recipient and have transacted with him before, this will make things even more difficult.

I'd also do the same as you, and return the money to the sender if there was an accidental deposit to my account, just as I would take a wallet I found on the street to the police, but not everyone in this world wants to "do the right thing" when it involves money...

Or course, Bitcoin settles this ambiguity, and puts total control on the key holder, so we'd better triple-check the addresses we sent our corn to. Fortunately, Bitcoin addresses have some level of error-checking built-in, so as to avoid sending your corn to an unintended address.

[OutOfMemory]

Green candle in less than ten minutes (or i will go to sleep).
 

[AlcoHoDL]

Green candle in less than ten minutes (or i will go to sleep).
 

Me too... This $49-50k grinding is boring AF... Maybe it's better to stop following the price so closely, and just wait for it to pick up when it will.

But, CAN WE? See, we're turning into TradeView junkies I fear...  

HoDLsleep soon (after watching a movie).

Good night WOerzzzZZZZZ...

[OutOfMemory]

Green candle in less than ten minutes (or i will go to sleep).
 

Me too... This $49-50k grinding is boring AF... Maybe it's better to stop following the price so closely, and just wait for it to pick up when it will.

But, CAN WE? See, we're turning into TradeView junkies I fear...  

HoDLsleep soon (after watching a movie).

Goodnight WOerzzzZZZZZ...

You speak my mind.
#hodlsleep

EDIT: Looks like painting a bear flag. I don't wanna see how it's going on. As always, when i'm out of fiat.

[El duderino_]

HODLsleep

[El duderino_]

https://twitter.com/britishhodl/status/1365016970941317123?s=21

[friends1980]

Solid dump 

[Richy_T]

This doesn't quite sound like you,

I don't know why not. Perhaps your biases against "big blockers" are affecting your perceptions. From being in it, I can assure you that the vast majority saw through CSWs bullshit like it was tissue paper.

[Richy_T]

For large amounts classified as "unreasonable", where the sender can clearly show that they made an honest mistake, then yes, I suppose the bank can intervene and reverse the transaction, or legally force the recipient to do it. But if I accidentally deposit $1000 to an unintended account, it's not so easy. I don't think I can just call my bank and reverse it. It can probably be done, but it will take time and I wouldn't expect the bank to be so helpful, especially if the recipient is uncooperative and tells them some fake story justifying the transfer. If I know the recipient and have transacted with him before, this will make things even more difficult.

As I say, it depends who you are. You and me are going to have difficulties there. A large company that moves billions through the bank yearly? They've probably got a permanently assigned employee or two who can make it happen.

[Toxic2040]

Im ok...ok?

 

Just been taking some needed downtime. Hope everyone is doing well...see you all again soonish.

Steady as she goes.

1h


4h


D

[serveria.com]

Solid dump 

... for ants 

[Richy_T]

I hope we're not in for years of slow downward slide again. That was demoralizing.

[bitcoinPsycho]

I hope we're not in for years of slow downward slide again. That was demoralizing.

If you zoom out it all becomes very clear

[Dabs]

Fortunately, Bitcoin addresses have some level of error-checking built-in, so as to avoid sending your corn to an unintended address.

So easy to visually double or triple check if you've got the correct address. Look at first 5 letters, look at last 5 letters, if you've got more time look at all the letters in between.

Even for the really long multi-sig segwit addresses, they're not that hard to look at: bc1qxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

[LFC_Bitcoin]

I hope we're not in for years of slow downward slide again. That was demoralizing.

This is the last bull run



You’ll see multiple significant corrections on the way up to $19,xxx.


What we are currently witnessing in $58,xxx to $47,xxx is only the second big dip of this bull run.
There is plenty of room for up, we’re not even half way to the peak of this bull run.

[Dabs]

4 more corrections? 60k to 50k, 80k to 70k, 100k to 80k, 150k to 120k. I don't mind.

[LFC_Bitcoin]

4 more corrections? 60k to 50k, 80k to 70k, 100k to 80k, 150k to 120k. I don't mind.

Something like that yeah. I think we go to about $240,000 though.

Straight outta my ass though.

[savetherainforest]

Each time I see Doge pump or dump, I hear screeching sounds of a shiba inu getting beaten down by Elon.    

[Richy_T]

So much for Lambos. Carvana totally fucked up my car purchase and it was only a used VW. Bonus in Bitcoin tripling between when I withdrew the funds for purchase and when it almost happened.

[aesma]

For large amounts classified as "unreasonable", where the sender can clearly show that they made an honest mistake, then yes, I suppose the bank can intervene and reverse the transaction, or legally force the recipient to do it. But if I accidentally deposit $1000 to an unintended account, it's not so easy. I don't think I can just call my bank and reverse it. It can probably be done, but it will take time and I wouldn't expect the bank to be so helpful, especially if the recipient is uncooperative and tells them some fake story justifying the transfer. If I know the recipient and have transacted with him before, this will make things even more difficult.

As I say, it depends who you are. You and me are going to have difficulties there. A large company that moves billions through the bank yearly? They've probably got a permanently assigned employee or two who can make it happen.

Have you seen this story ? https://bitcointalk.org/index.php?topic=5318053.0

A major bank "fat fingered" a money transfer and can't get its money back.