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LMFAO, you are dumb, only manipulation is keeping the price down. A dirty pig like yourself should see it, if you had a half functioning brain.
lol
Forgive me for intruding on your learned debate, gentlemen, but  |
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The merchant pays it (passing it on to the consumer by inflating the price).
Wait a minute... Naturally, this was the obvious answer but ... weren't you supposed to be a troll and sh|t and thus deny this answer?  Ah! I guess you finally managed to troll me by reverse-trolling. Nice.  You missed a chunk  This means that if you shop with cash or BTC without getting a discount, you're subsidizing my CC use. It also means that Bitcoiners buying coin through purse.io are paying 20% more because they hate paying 3%. Of course, the alleged 20% savings is actually a loss if you buy your coin through purse.io, amiright? |
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^Bitcoiner logic: >bitch about 3% credit card fees they neveractually have to pay >pay 20% too much for Bitcoin AND buy it with credit card Who pays it then? I know a PC shop owner who directly charges the exact VISA/Mastercard fees over the cash ticker prices if you draw out your plastic instead of your paper. (No, he doesn't accept BTC or gold/silver, it's a different story.) The merchant pays it (passing it on to the consumer by inflating the price). This means that if you shop with cash or BTC without getting a discount, you're subsidizing my CC use. It also means that Bitcoiners buying coin through purse.io are paying 20% more because they hate paying 3%. Of course, the alleged 20% savings is actually a loss if you buy your coin through purse.io, amiright? |
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^Bitcoiner logic: >bitch about 3% credit card fees they never actually have to pay >pay 20% too much for Bitcoin AND buy it with credit card |
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How much do they pay you? ...
Uh, what do you mean?  |
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Stay angry, poor, paranoid and ignorant, my Australian friend!  Oh my good how stupid are you?! Austria and Australia are two completely different countries.But hey that fits perfect how much a typical american seem to know about the rest of the world.It's just a pitty. But sure pray to your beloved warmonger Bush. Oh, THAT Austria! Not a place you bulltards want to visit, trust me bro.  |
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She-lamby is back
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^
The same could be said of child pornography, and yet...
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The relative lack of interest by whales, compared to small fish, seems bearish too.
Why do you think whales are any different than small fishes? Psychology behind is the same - they will start buying after new uptrend starts. Whales are not any smarter or less afraid of falling prices. People are attracted to raising prices and not to falling prices regardless if you are millionaire or not. Simple fear and greed control markets and nothing else - fundamentals are bullshit, people were buying tulips, collecting baseball cards and similar shit. It's not so much that the whales are smarter than plankton (though they generally are), but that they're not interested. Bitcoin's beaux mondes have fallen on explaining away the clear dearth of interest in their cult with "Big money is secretly accumulating our coin off exchanges, to prevent slippage." Lack of whale investors shows the absurdity of such notions, confirming the sad fact that permabuls' fantasy life is far richer than they'll ever be   |
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Yeah btc isn't get rich quick, it takes patience and cunning.
... >Patience and cunning >bitcoiner  |
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I disagree that it has more downside than upside potential. I see a drop of $100 from here as a small chance of happening but $100 rise could happen at any point...
You're right, but why use $100 in your example? Try this: I see a drop of $400 from here as a small chance of happening impossible because math, but $400 rise could happen at any point. Much more convincing because irrefutable  |
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you have no vision. only thing u can see is what is right before you right now.
My vision is fine. Yours, OTOH, is clouded by unbridled greed and, likely, substandard recreational neurochemicals. |
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dumps on Microsoft news, seems so bizarre-o world to me.
Accept the fact that Bitcoin is a purely speculative commodity, and you'll understand. maybe newegg should accept gold and silver as payment .. or maybe they should accept government bonds as payment. or maybe they should start accepting derivatives and equities as payment. imo i think your definition of bitcoin is slightly flawed. it appears to me bitcoin is more than just a speculative commodity. 1. Not sure why you feel newegg should accept gold and silver (largely speculative commodities), or the rest of the stuff you (sarcastically?) listed. 2. I have not given you my definition of Bitcoin. 3. For traders, and all practical purposes, Bitcoin is a purely speculative commodity. Good morning, gentlemens. |
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^
A list of things you got wrong, in loosely chronological order:
>Who do you thinkcom takes the hit on stolen credit cards
"Card issuers and merchants incurred 63% and 37% of those losses"
(Source: Nilson Report, August 2013)
>The average annual loss to merchants from credit card theft is about 3%.
No. "During 2012 credit card and debit card gross fraud losses accounted for roughly 5.22₵ per $100 in total volume, up from 5.07₵ per $100 in 2011.
(Source: Nilson Report, August 2013)
>for example, if you spend $1,000 a month, you lost $360 in a year
5.22₵ per $100 = 52.2₵ per $1,000 = $6.26 per year
(Source: math)
>when I shop with bitcoin, I get discounts of 3%
No. You get a 3% discount from a limited list of retailers who accept cash through the payment processor you use. You also do not get the buyer protection you [falsely] claimed costs me 3%.
(Source: fact)
~Happy Investing!
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^Yeah, what The Reverand FatherBob said.
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^My mission? I'm a trader who enjoys laughing at paranoiacs and assorted self-important buffoons that gravitate to Bitcoin.
That's about all. I'm also a jackbooted government thug on the payroll of a Jewish banking cabal, if that matters...
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^ I seem to be at somewhat of a disadvantage--only an idiot or a troll would continue a debate after an opening gambit of "Anyone who argues otherwise is an idiot or a troll." Oh well, hurr duur, here I *derp!* go. 1. What is it in my post you disagree with? 2. What does your sensible list of BTC use scenarios, Master Card paranoia and ...other smart stuff... have to do with what I've written? Anything? ~Derp!  |
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... By that logic if newegg, overstock, and dell stopped accepting BTC it'd be great cause now people can't spend their BTC so we go to moon  ... Most people who "invest" in BTC don't do it to shop at Dell & NewEgg. They might want to believe that others buy BTC to shop at Dell & NewEgg, but they themselves don't. Because after the novelty of buying with BTC wears off, the sheer stupidity of it begins to sink in. Imagine: 1. Spend fiat to buy BTC 2. Send BTC to a payment processor, who 2a. Sells your BTC for fiat & 2b. Sends fiat to the merchant that "accepts BTC". 3. Re-buy BTC you spent, probably from the same payment processor but at a premium, because "investment." Funny as hell, doubt it happens too much tho. Now for someone with a BTC stash from way back... Nah, that would only create sell pressure, so won't happen |
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Wanted to post something uplifting for the bulls, and since Bitcoin news is totally no help, I found this (True story!): "Benjy the bull was going to be sent to the slaughterhouse for being gay has been saved by the actions of terminally ill Simpsons creator Sam Simon." Don't give up guys! Things could still turn out fine, you never know! |
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Jesus this thread is trolls responding to trolls.
You seem a little upset? Do your totally reasonable, yet repeatedly shattered price expectations have anything to do with your irritability? |
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