Sleeping beauty Bitcoin wallets wake up after 14 years to the tune of $2B

Potential?

I am trying to buy a property, and I've been moving money around to prepare for a down payment. It's July 4th weekend. I initiated some moves in the afternoon of July 3. But an ACH transaction in the U.S. takes "1-3 business days." First of all, why "1-3" and not "1" or "3" or "2"? Secondly, why business days? I get paged at night and on the weekend if something breaks at work, but the banking laws or customs say that computers only move my money 9-5 during holidays? Computers are taking non-human-holidays?

I don't get it. If bitcoin won't disrupt this, something else should.

I have been trading it weekly/monthly really simply, and it's a few K a month of profit. So I think it's useless at the moment other than as a scheme to gamble. I think there's a bit of a trust issue.

This is a US issue. In the EU you can do an instant bank transfer below a certain amount at any time, for free (after they mandated the fees away recently), and many other countries have systems that allow instant bank transfers. You don’t need a completely different way of dealing with money to get improvements to the current system.

Fair point. I don't know how many years we were behind the rest of the civilized world in terms of having chips on our credit/debit cards. And we still have the magnetic strip.

Well, we also use "feet" and "cups" instead of base 10 measurement system.

>I have been trading it weekly/monthly really simply, and it's a few K a month of profit.

What sort of tactics or strategy do you use to trade it for a consistent profit? I assume you're referring to bitcoin here.

Also, the banking hours thing is absurd, and way too common not only with banks but also some online payments processors, like, for example, the utter dumpster fire, parasitic garbage company that is Paypal. Dealing with that one alone (and with banks in certain contexts) alone makes one fully sympathize with so much of what crypto is supposed to (and to a pretty decent degree does) offer.

Really basically - think of a range of highs and lows and put in buy and sell limit orders. Sell, 108500, buy, 100,800. Rinse repeat. Before it was a different range. It can trigger overnight, a day later or two months. And you can do it with fractional amounts.