Bitcoin Forum

Friday, August 15, 2014

"EBay is in discussions about acceptance Bitcoin Braintree '
"EBay is in discussions about acceptance Bitcoin Braintree '
EBay is in talks with several companies to accept Bitcoin digital currency. EBay's Braintree, that payment software to companies like Airbnb and Uber, the currency could be introduced as currency.

EBay bought Braintree last year for $ 800 million. According to sources of The Wall Street Journal PayPal has talked with several companies that make Bitcoin transactions possible. One is Coinbase.
Mint on eBay
The conversations were about the acceptance of digital currency by Braintree. EBay and PayPal will, if a deal is closed over Braintree, do not even go directly accept Bitcoins. But, according to sources from The Wall Street Journal, this may change at a later stage.
Overstock.com and Expedia
Overtock.com and Expedia are part of the club of big companies that Bitcoins is already common currency. Overstock.com reports to expect that at the end of year 6 to 8 million of its sales with Bitcoins has been paid. Braintree processed before it was taken over a year more than 12 billion dollars in payments by eBay.
Bitcoins in Netherlands
In the Netherlands, among others at Thuisbezorgd.nl and Online Druggist pay. The coin The Dutch payment service provider (PSP) Qantani Bitcoins has also added to its range of online payment methods.

More good news?  Dammit!  Bitcoin is going to go down another 5% now :(

It's great that companies are in talks to be honest as this is what bitcoin needs however we need more action and less talking, all the companies seem to be doing is going into discussions but we never really see any outcomes from these discussions.

Discussion is good.  No company is going to make a sudden decision to accept Bitcoin.  Imagine proposing to accept Bitcoin at board meeting with aprox 10 other directors.  It wouldn't be surprising if at least 2 other directors think it is a ponzie scheme, not real money or criminal money.  It takes time to win people over.

That is true. The problem is that with many companies they can go into talks for months and months which I understand that any kind of discussion and decision is going to take a while but then we never really seem to see any progress from there meaning it all kind of fades out for a while until we hear anything else if anything.

Just relax and have faith! BTC wil recover!!
Last year in August, the bitcoin also fell and then he rose to unprecedented levels. Remember that many people are now enjoying their vacation. When the holiday is over then more people will deal with Bitcoin again.

BTC going down yes, but still a far shoot from where it started out or i should say where i seen it when i started out with it at $35USD

Ok, as long as big companies are talking that couldn't be bad. I am pretty sure Bitcoin will be back over 600$ in no time at all :)

Yes, you are right.
In fact, most of this directory are in old age, very conservative and don't like and don't accept new and revolutionary changes easily.
Facebook, Microsoft and Google didn't start old people, but young, fresh people with new, revolutionary ideas.
When first a few ''big'' companies accept Bitcoin, others will follow as well. 

I think soon one BTC will be farrrrrrr greater than the USD (which it already is) but i mean wayy more than we are thinking it could be at this moment... and not becauuse BTC will be worth that much more but the USD is going in the hole

Real good news. Better then that http://www.coindesk.com/bank-canada-research-cryptocurrency-arbitrage-doesnt-exist/

I still have faith. (group1) Many people who have started with virtual money started with bitcoin. (group 2) Some people immerse themselves more in virtual money and buy a few altcoins next.
Most people stay with that. (group 3) The people who study more and the real speculators are a member of this forum. If bitcoin is rising or falling, there are always people in group 1, 2 or 3 who sell or buy. One group fills the other, and vice versa.

It is going to be extremely hard for ebay to accept bitcoins as payment due to paypal....they absolutely hate virtual/non tangible items!

Hopefully they will someday go with the times.
I am waiting for the time for the launch of my latest altcoin where I want to invest. Magicoin the altcoin with long-awaited improvements! ;D ;)

I have recently found a thread on this forum that ebay CEO has announced to start accepting Bitcoin.

I really hope this happens because this could be something which will add a lot of value for bitcoin.If that happens,not only it will help the adoption of bitcoin,but it will be a massive step for its development.I'm glad that this is possible.  :)

The value is about to explode... too many good news without any price increase.

here we go again, get ready for another roller coaster ride. 8) 8)

I think things will be fairly calm until the etfs go online. Once that happens things will get crazy.

This would be very cool if they started accepting bitcoins!  Any one heard any more information on this at all?

Hopefully even higher. Like in any other market, there are ups and downs. And it's a currency after all, it's impossible to disappear in a week or two.

People are getting fed up with this type of none sense discussion without any result. It is not " good" yet. The market won't react.

i can be sure that a big pump is incoming, if all those big companies are accepting it, still amazon is left; ebay with bitcoin would make my life easy, i would get rid of paypal unless you must use bitcoin through paypal for ebay

true! The eBay has greater user base. once it accepts, BTC will reach to much more people. waiting for this day!

I am just afraid if ebay does adopt btc the fee's will be ridiculous as ebay isn't getting their paypal money also.

uh what means etfs?

Exchange traded funds. It's an investment fund with features like passive management and can be traded like regular stocks and commodities. Basically we will see Bitcoin traded on Wall Street.
I think etfs are still an open bet, even if the Winklevoss one seems like it's in a good position for approval these things take ages to be accepted and don't forget still ongoing regulations for btc.

thanks for the explanation! :)

This isn't really any news at the moment (regarding ebay) though its a step in the right direction.

Indeed ebay has been flirting with btc for quite some time now, they even added a mining section some time ago, but this is pretty big nonetheless. Braintree was acquired by Paypal one year ago and they estimated to make more than $100m of revenue in the first year and projected to process a volume of $12b (it is quite ambitious but it seems usage grew steadily every quarter). Think if they could integrate Bitcoin into their system, instead of just accepting it, that would be quite a jump.

Bitcoin price would jump up a lot of ebay starts accept bitcoin as a payment method.

Let's hope they will! ;)

also remember this stellar coin that is coming out which is i beleive endorsed by makers of paypal?

This if successful this is another great step for Bitcoins and will help strengthen the currency. Hopefully even more companies will follow suit and accept Bitcoins as a payment option.   :D

Stellar already come and had it's peak. It was pure pump and dump thing like lot of altcoins which come up. And where did you read that Stellar was project of Paypal owners? I'd like to see more about that.

Excellent news
it its obvious that sooner or later eBay will accept bitcoin
there is no point in making the opposite

He's talking about how Keith Rabois is on the board of Stellar. But he's also a huge Bitcoin fan as well. Stellar will help transition people to crypto like Bitcoin, so it's not bad at all.

Only thing I know about Stellar is that it was abused by many people on many different forums. And I don't think it can help much to that transition. 99% of people using Stellar were already familiar with Bitcoin.

I could be wrong but I get the feeling some companies like Ebay are attempting to secure their existing market place.  So the way I see it is that Ebay has two choices.. they get onboard early or they fall to a competitor.  Imagine if a VC startup pumped $100 million into a full blown Ebay style system that uses Bitcoin.  Miniscule selling listing fees, no more transaction fees, etc.  Ebay might be thinking "we get in now and it will put off other companies from bothering".  Something like that.

http://www.businessinsider.com/keith-rabois-stellar-foundation-2014-7


above should be good link to find out... i could see paypal adoptiing this coin after it get lil popularity tat way they will beable to control the market  easier and i dont think u can have paypal without ebay or ebay without paypal.... they are also doing lot of widespread facebook advertisement and well lets face it facebook is everywhere...

Ok, it makes sense. But still, maybe it will get to the point where they will reach their goal, but right now only thing I can see is that people are abusing their giveaway system.

its really a smart way to get new coin out there... only way an altcoin will have value if there are people who have it widespread and see an value in their holdings.... as long as everyone doesnt sell off to one person should be a good widespread coin but yes i am one of the ones who jumped on the free coin and dumped as soon as i possibly could.... with any altcoin i hold i get rid of as long as there is still a value to it at the time  i get it

I agree that that is great way to make your altcoin get value but what will happen now? For most of the people it was pump and dump and now they don't have interest in it.

Bitcoin need heads up.

I remember the days when ebay banned accounts madly that sold bitcoins or even miners.

Hoping for this good streak to never end 8) 8)

bitcoin does not need any price rally more.
only price stability will helps to used as a serious business tool/payment/currency

See the point that I seen one op made in here, was that these business are going to hurt btc because if sellers have to turn btc into fiat, then fiat goes into products, then more get bitcoin goes into fiat, instead of sellers taking bitcoin and being able to buy supplies with bitcoin, it wont do bitcoin any good till many and I mean many adopt it.

Seems that it's just ended... the value spike was 518 but now it's 509.
I hope it will recover today but I'm not so confident it will happen soon.

I think the bitcoin value will rise again.
Much is happening in the world right now.
The financial news has been more in the background.
This will probably turn again.

Another reason I think is that people invest money in expensive altcoins. (more expensive than BTC). If the value of those expensive altcoins going to drop a lot of people will fall back on the BTC.

And actually does the BTC fine. There are now many companies, organizations, shops etc where you can pay with BTC.
This number continues to grow. I do not see that happening with the expensive altcoins! For some companies, organizations, shops etc it is indeed a big step to admit BTC in their payment option. The chance that these companies, agencies, shops etc put BTC aside and just switch to another currency is very small.

Pretty sure that Bitcoin value will rise up EVENTUALLY. The economy is very fragile at this time, anything or everything could happen. Hoping for BTC to rise to 1.5k value. :P

I totally agree! The wall street money has yet to flood in. Once it does, there's no telling how high Bitcoin could go.

Altcoin market is around 0.5B only, including Litecoin. Not enough to make much difference on Bitcoin price

Seams very likely, dont know why the recent drop in price, hoping it was a trap for weak hands.
Still hope it goes much higher than 1.5k tho, i got addicted to moon launches so much that 3x gain seams low, i know its insane but i cant help myself :)

Its definetly time to put mt.gox and other bad news behind and continue the lunar mission :P

If you don't follow the market, I'll tell you what's happening: Bitfenix is an exchange that lets you borrow liquidity and bet on Bitcoin price, when there was that spike around 680$ in June people thought it was the beginning of another bubble and a massive amount of dollars where borrowed for long positions. The trick is that you have to pay interests to keep those orders opened and the more time you keep those orders open the more the price have to rise in order for you to make a profit. Right now the price is plummeting because there's a sort of cascade effect being triggered by orders that are now in a really bad position and these people can't remain solvent forever. As long as there are bigger players in the market who don't care about the price being stagnant or going lower these people will keep losing money. And these big players are really patient, they are waiting for every order to be closed in red so the price gets low enough for them to enter with a strong position on the lowest possible price.

I tend to agree, to me it feels like companies are just looking to get the names in the news and if Bitcoin is what is cool to be associated with then why not say your doing this and that.  Time will tell what will come out of all these talks but to me things are still up in the air.

Thanks for the info!
He declin be hard.
I have no problem if he's going to rise again.

So basically we are just hoping for the next big bubble to happen?  It will go low and then super high is that correct?  I hope so I am going to start my bitcoin empire:)

Calm price while eBay acceptance is roaming? prepate for lift off matho fako gentlemen.

BTC looks better then yesterday! ;)

Can you post a link for the discussion about EBay/bitcoin?

http://moneymorning.com/2014/08/18/expected-bitcoin-payment-on-ebay-is-a-significant-step-toward-mass-adoption/


http://www.zacks.com/stock/news/144315/ebays-ebay-braintree-in-talks-to-accept-bitcoin-payment

http://www.twinklemagazine.nl/nieuws/2014/08/ebay-voert-gesprekken-over-acceptatie-bitcoin-in-braintree/index.xml

3 links! ;)

Really interesting... really interesting indeed.

Ebay is a perfect platform for integrating Bitcoin, the whole business model is based on sellers trust rating, and all new sellers will have their funds frozen for 30 days, and power sellers has absolutely no intention in scamming since there seller level is worth more than the few dollars they could get. Really ideal setup for bitcoin, hope this will be realized, it would be huge for bitcoin. (But I want to see it before I even dare hoping for bitcoin on ebay).

I'm not sure if eBay can avoid Bitcoin forever. Sooner or later they are going to have to take a firm stance.

Ebay and Paypal tried to protest against BTC initally, but after realising amount of BTC in trade they decide to support it.

But I don't know how much they would charge for fees we all know ebay are famous for over charging.

The fee's are independent on the payment method, you get charged once per month with an invoice from Ebay.
But yes, the seller fee's on ebay is pretty high, you also pay 15% in VAT* on your sales, this will also be on your invoice.

*If you are EU based seller

So do i!

It's better now. Fairly stable over a dip.

Its good companies are talking about bitcoins but this might affect prices.

Nevertheless cool..

Yep. Every day new companies accepting BTC.
I will be good if  really big companies also start accepting BTC.
Then price will raise.

Many companies they want to go discussion and told that there's a decision is going to make then ultimately they do nothing.But that's a good step that ebay want to accept bitcoin.

We just have to wait until the time is there!
Still i think that BTC will raise again in the next few months.

I suppose they will operate like an escrow service. They could already be eligible to pass the regulatory requirements to operate as an exchange too. I would tend to trust them to do it with better security than a lot of the players we have seen (and cringed at)

Not a fan of paypal, but they know how to operate! I have to give them that!

Good news indeed (if realized)

It's not enough for companies to accept bitcoin, although it is a positive sign. We need reasons for people to buy bitcoin just to use it, rather than just those of us with it spending what we already have. At the moment the hassle and risk involved means most people are better off just using CC. As someone who purchases from overseas a lot, and consistently gets screwed on the currency conversion, international transactions makes the most sense for BTC. Hopefully retailers will also start offering discounts to BTC purchases as well.

So the adopion by the major companies will outpace the banksters attepmpts to basically outlaw BTC like BitLicense in NY? Well... as we know there are no countries but the corporations:)
And I like it this time!

The fact is these are merely rumours, rumours that have been present for a very long time. Ebay's CEO has never given definitive proof that his company is on the verge of accepting cryptocurrencies and furthermore his partnership with PP is the real stumbling block.

One issue is that PP really fits EBay's needs. I've been a long-time power seller on ebay and people do screw you over all the time. Sellers of products are at risk, which is why PP being reversible is a good thing. Bitcoin would be a nightmare with ebay in my opinion.

These are legitimate rumours ;) E-bay is not denying them in public anyway.

wait until the end of the year for sure bitcoin rose back :)
I also can not wait to menjal my bitcoin, because it was in need of money, but now the price is still down and I still hold him, to rise again at least $ 600 :)

eBay needs to go away to leave room for legitimate marketplaces. Amazon needs to accept Bitcoin, but they said no for now...

"legitimate rumours" -- Isn't that an oxymoron?

No, more companies acceptance means people spending bitcoins (== selling them == selling pressure == exchange rate going down)
Long term you're right.

These are legimate, well founded and the closest to truth rumours that have ever been in circulation. 

Do not call me oxy moron, I have no sense of humor.

You really don't know what oxymoron means? An oxymoron (plural oxymora or oxymorons) is a figure of speech that juxtaposes elements that appear to be contradictory. Oxymora appear in a variety of contexts, including inadvertent errors (such as "ground pilot") and literary oxymorons crafted to reveal a paradox.

http://en.wikipedia.org/wiki/Oxymoron

I was joking :D

Oh, sorry, I wasn't sure if you were joking or not :D

Would be nice if Amazon accepted BTC.

If you had used the smiley :D in your earlier post, we would have known that.

Citi provided a report on the current low prices of bitcoin

http://www.coindesk.com/citi-miners-merchants-keeping-bitcoin-prices-check/

I think their observations are in general accurate.

Probably another round of problems in banking sector across the board will bring bitcoin to higher price levels. Maybe some October surprise...?

That's a good news imo. Paypal is about to get kicked and BTC is taking its place. Nice :)

This means that bitcoin price will be driven by bubbles. So there will be cycles like in capitalism but these will occur more frequently and will create wealth instead of poverty.

summertime bitcoin blues .. price won't rise until autumn. Now is actually a great time to buy.

should be much higher by now. Few more weeks and mining will be on negative equity

Yeah, this is a very good time to buy BTC.

NMC is ultracheap also.

I have a few NMC.
I will be staying with only a few coins for now.

BTC, SPN and Magicoin.
Magicoin has a very new concept / program.
This altcoin will soon be re-launched.
The developer is doing well and the Magicoin community is helping with testing.
Very good to follow. Furthermore, I have become very cautious.

what we really need is a bad news for bitcoin price to go higher!

http://kolinevans.wordpress.com/2014/07/25/why-the-bitcoin-price-really-needs-bad-news/

and I think it is coming.... ;)

Looks like ebay was looking to break the ties with Paypal since long and looking for an alternative. They have chosen bitcoin, that's a great news.

Hope all goes well and good.

I hope this news is real  ;D we can shoping be easy
maybe btc experience down ,
and I'm believe price btc go up again  ;D

You sure?

Cant wait for ebay adoption

http://www.natlawreview.com/article/new-york-state-regulatory-requirements-participants-bitcoin-and-virtual-currency-ind

Thats'a a good thing!! Big company that discuss about Bitcoins is always a good thing!
Bitcoin have to get a better reputation because deepweb sites silkroad and all those illegal sites made people think that BITCOIN=DRUG AND CRIME
So I'm happy for these news :)

Very cool to see.

I wonder how long it will be until the Government actually gets involved throughout the states.  By this I mean they consider it a currency, tax it(not property) and completely control it

I think it will take some time.
At this time, the financial news come in the background. There are too many other things in the world that have the attention. Once governments have more time for finacial things like the bitcoin, we are probably going to hear something about it.

Newegg in US and Canada has already accepted Bitpay. More and more industries and countries recognize bitcoin as currency, it will be convenient if Ebay and Amazon could accept this payment. I am looking forward to it.

And bitcoin becomes the first crypto currency to challenge real currency..

Nice work ebay...you will get lot of business without hassle.

Good news, I do a lot of shopping from ebay and amazon. Amazon clearly stated they are going to use BTC anyways, and now ebay too :)_

Hmm we got a dip again? Why?

No point trying to make sense of the price. You should know that by now. And this thread wasn't really relevant anyway.

What are they waiting for?

You're right, but it's nice to talk about it.  ;)

That's a positive sign for bitcoin growth. Hopefully it will rise to $2000/coin soon.

Good work ebay.

That's a good news. Hope things go well from now. ebay <3

Thanks for share.

I hope so too. In my area, I am the only one who deals with digital coins. Many people declare me crazy. I still have faith in the future of Bitcoin.
I hope I'm right.

http://www.coindesk.com/5-us-states-poised-promote-bitcoin-friendly-regulation/

BTC will raise again!!!

I'll drop a party the day ebay accepts BTC.  ;D ;D

IMO this is much better news then ebay potentially accepting bitcoin for payment. eBay would likely only allow buying to pay with bitcoin but would not allow seller to get paid with bitcoin.

With regulation that is pro growth the bitcoin economy will likely grow and thrive.

Depend on the rules still. The one proposed by New york will do more harm than good and will not change the dynamic of global bitcoin flow.

Still have high hope on Texas where they don't treat bitcoin as money but only property. Compliance issues will be a lot simple.

We have to wait and see what happens.
Slowly but surely the focus be back for Bitcoin. That is certainly good news.

Is there good news for BTC of bad news?
Has the value of ethereum major influence on the BTC?

Huh, didn't know that eBay was using a third party solution to do their payments! But if they bought that company, it does make sense that they use it if they're already specialized in that area. Apple also buys companies they believe can be an asset for the company or bring new patents or knowledge...

Has the value of ethereum major influence on the BTC?

Yes, a lot investor went to trade btc for ethereum..

It is a great news for all of us. If ebay start accepting Bitcoin that would be great. I hope ebay will start accepting Bitcoin every soon. I am waiting to hear the good news.

But why.
What can I do with ethereum?
Can i pay somewhere with it?

good news to be seen and heard. thankfully ebay will buy bitcoins and make it legit. yay

The recent spike in price (+20$) could have been caused by a news we don't know yet?

But why.
What can I do with ethereum?
Can i pay somewhere with it?

I am still roughly new to Bitcoin, has the price dropped like this before and we recovered?  It is sort of concerning for me as I did invest some time and money into this now and since I have, it has just steadily gone down!:(

do not worry. It has happened before many times. just keep your btc long and set up a road map that is price levels you will be shorting your positions.

Companies are talking because they want to have their customer some hope about accepting bitcoins. Bitcoin is always in the news and demand for worldwide acceptance is growing so big companies can't just ignore it. They have to keep their options open and be prepared to join the bitcoin club in near future.

Like in equities, you have to wait for some time for your investment to show returns.  :)