[2014-06-11] “Woohoo!” Expedia announces Bitcoin acceptance

[Swordsoffreedom]

This is HUGE news, so why is the price going down?

To update this I guess the market or some actors in it knew in advance that a large sum of Bitcoins from the FBI were going to the market for sale
As these rich actors decide to prepare for the auction by converting them to fiat the price drops a bit in reaction.
Try to keep the price down while buying up those coins then reigniting the next surge seems like something a whale would do.

Or more conversions to fiat causing temporary downward pressure but long run upward recognition and usage increasing the value of bitcoin.
Short term pains for long term gains

[aliceHortrex]

There are some explanation of dropping price here http://cointelegraph.com/news/111800/sinking_bitcoin_prices_abound_but_community_remains_buoyant. I, personally, suppose that this drop will not be a long-term drop.

[bryant.coleman]

There are some explanation of dropping price here http://cointelegraph.com/news/111800/sinking_bitcoin_prices_abound_but_community_remains_buoyant. I, personally, suppose that this drop will not be a long-term drop.

The reason for the declining prices have been already posted here:

https://bitcointalk.org/index.php?topic=650647.0

But I am not sure how much effect it will be having in the long term.

[aliceHortrex]

There are some explanation of dropping price here http://cointelegraph.com/news/111800/sinking_bitcoin_prices_abound_but_community_remains_buoyant. I, personally, suppose that this drop will not be a long-term drop.

The reason for the declining prices have been already posted here:

https://bitcointalk.org/index.php?topic=650647.0

But I am not sure how much effect it will be having in the long term.

Thanks for sharing Bryant!

[medicine]

Just want to report that I used Expedia to book a hotel a few weeks ago which was a painless process.  I had to cancel that booking today because of a typhoon approaching Korea and I was worried because I don't have a Coinbase account and wasn't sure if I was going to be able to receive a refund.  Well, I clicked the cancel reservation button, confirmed and Expedia immediately sent the refund to Coinbase.  I created an account and bam, I had the btc refund in my own wallet within an hour. 
Great implementation both for booking and for refunds.  Beats the F&*&# out of using credit cards.
Peace

[kjlimo]

Just want to report that I used Expedia to book a hotel a few weeks ago which was a painless process.  I had to cancel that booking today because of a typhoon approaching Korea and I was worried because I don't have a Coinbase account and wasn't sure if I was going to be able to receive a refund.  Well, I clicked the cancel reservation button, confirmed and Expedia immediately sent the refund to Coinbase.  I created an account and bam, I had the btc refund in my own wallet within an hour. 
Great implementation both for booking and for refunds.  Beats the F&*&# out of using credit cards.
Peace

Holy crap, was the market value of those btcs based on the price of a bitcoin at purchase or at refund?

I.e. did.they giv you your USD spent amount back, or your btc spent amount back?

[medicine]

Just want to report that I used Expedia to book a hotel a few weeks ago which was a painless process.  I had to cancel that booking today because of a typhoon approaching Korea and I was worried because I don't have a Coinbase account and wasn't sure if I was going to be able to receive a refund.  Well, I clicked the cancel reservation button, confirmed and Expedia immediately sent the refund to Coinbase.  I created an account and bam, I had the btc refund in my own wallet within an hour.  
Great implementation both for booking and for refunds.  Beats the F&*&# out of using credit cards.
Peace

Holy crap, was the market value of those btcs based on the price of a bitcoin at purchase or at refund?

I.e. did.they giv you your USD spent amount back, or your btc spent amount back?

I did check that of course and they gave me USD spent amount back.  So btc is worth less today then a month ago. I received a little bit more btc back than I spent.  

[kjlimo]

Just want to report that I used Expedia to book a hotel a few weeks ago which was a painless process.  I had to cancel that booking today because of a typhoon approaching Korea and I was worried because I don't have a Coinbase account and wasn't sure if I was going to be able to receive a refund.  Well, I clicked the cancel reservation button, confirmed and Expedia immediately sent the refund to Coinbase.  I created an account and bam, I had the btc refund in my own wallet within an hour.  
Great implementation both for booking and for refunds.  Beats the F&*&# out of using credit cards.
Peace

Holy crap, was the market value of those btcs based on the price of a bitcoin at purchase or at refund?

I.e. did.they giv you your USD spent amount back, or your btc spent amount back?

I did check that of course and they gave me USD spent amount back.  So btc is worth less today then a month ago. I received a little bit more btc back than I spent.  

Perfectly reasonable.  Awesome that they can process the refund in btc!

[Swordsoffreedom]

Just want to report that I used Expedia to book a hotel a few weeks ago which was a painless process.  I had to cancel that booking today because of a typhoon approaching Korea and I was worried because I don't have a Coinbase account and wasn't sure if I was going to be able to receive a refund.  Well, I clicked the cancel reservation button, confirmed and Expedia immediately sent the refund to Coinbase.  I created an account and bam, I had the btc refund in my own wallet within an hour.  
Great implementation both for booking and for refunds.  Beats the F&*&# out of using credit cards.
Peace

Holy crap, was the market value of those btcs based on the price of a bitcoin at purchase or at refund?

I.e. did.they giv you your USD spent amount back, or your btc spent amount back?

I did check that of course and they gave me USD spent amount back.  So btc is worth less today then a month ago. I received a little bit more btc back than I spent.  

That's nice of them and I guess with expedia the convenience of converting it straight back to fiat through coinbase means that regardless of when they make the transaction they will still be able to convert it back at an equivalent fiat rate.
Thanks for sharing that medicine