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Ivanhoe
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June 15, 2014, 01:02:16 PM |
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It boggles my mind that the trend is like this with the sheer amount of new and large business that have adopted bitcoin lately.
Most of those businesses did not adopt bitcoin at all. They merely agreed to accept dollars from the sale of bitcoins that people already had, including cheap coins that had been dormant since 2013 or earlier. Bitpay expansion does little to increase adoption; it chiefly makes it easier and more tempting for long-time investors to sell some of their coins on the open market. Jorge fails to see the bigger picture again... please stop embarrassing yourself. |
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The trust scores you see are subjective; they will change depending on who you have in your trust list. |
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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JorgeStolfi
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June 15, 2014, 01:09:15 PM |
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If they keep bitcoin or not doesn't matter at all at this stage
What matters is that you CAN PAY with bitcoin
The claim is that most of the people paying through Bitpay are people who already own bitcoin, including investors and miners; as opposed to people who will buy bitcoin expressely for that purpose. So Bitpay is more likely to increase the supply of coins in the open market, rather than increase the demand. (And this is not just my own view, by any means.) |
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podyx
Legendary
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Activity: 2338
Merit: 1035
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June 15, 2014, 01:12:00 PM |
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If they keep bitcoin or not doesn't matter at all at this stage
What matters is that you CAN PAY with bitcoin
The claim is that most of the people paying through Bitpay are people who already own bitcoin, including investors and miners; as opposed to people who will buy bitcoin expressely for that purpose. So Bitpay is more likely to increase the supply of coins in the open market, rather than increase the demand. (And this is not just my own view, by any means.) Sure it might create some downward pressure for the moment but it's still needed and it will become more bullish in the future and in bullmarkets to come |
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Erdogan
Legendary
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Activity: 1512
Merit: 1005
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June 15, 2014, 01:13:31 PM |
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Please ignore the trolls. Claiming that Bitpay customers do not keep any of their bitcoins is a lie.
Some of them do, but how many? If you want to know, start counting. As Mao said, how to eat an elephant is to start with the first bite. |
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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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June 15, 2014, 01:15:07 PM |
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The sun is out today therefore Bitcoin goes up.  |
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TERA
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June 15, 2014, 01:15:15 PM |
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Guys I have some bad news for short term speculators. I just got back from the future in my time machine and I managed to take a screenshot of 'wisdom.  |
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dnaleor
Legendary
Offline
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
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June 15, 2014, 01:15:56 PM |
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uptrend in small time frame started (I consider strendlines with at least 3 points significant) If we go below it, I will start to feel slightly bearish. In a few hours, the triangle closes...  |
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Tzupy
Legendary
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Activity: 2128
Merit: 1074
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June 15, 2014, 01:31:35 PM |
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Guys I have some bad news for short term speculators. I just got back from the future in my time machine and I managed to take a screenshot of 'wisdom. Nice photochopping of the 3d chart, TERA! You are going to be called a perma-bear again!  Maybe, if after consolidation it breaks downwards, it may look like that. |
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blatchcorn
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June 15, 2014, 01:33:18 PM |
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Let's play a game: guess what forum member I am!
Clue: 95% of my posts are bearish but I cry whenever I get called a bear.
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TERA
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June 15, 2014, 01:36:24 PM |
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Nice photochopping of the 3d chart, TERA! You are going to be called a perma-bear again! Maybe, if after consolidation it breaks downwards, it may look like that. I'm just showing off my fractal idea again. I think it would be an amazing fractal if that chart were to come true. |
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manfred
Legendary
Offline
Activity: 966
Merit: 1001
Energy is Wealth
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June 15, 2014, 01:56:35 PM |
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Guys I have some bad news for short term speculators. I just got back from the future in my time machine and I managed to take a screenshot of 'wisdom. Would't it be better if woman stayed on Venus |
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 15, 2014, 02:00:57 PM |
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Fother Mucker
Newbie
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Activity: 9
Merit: 0
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June 15, 2014, 02:01:57 PM |
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We should go up today. The first point of resistance is about 590 dollars https://www.tradingview.com/x/ciSAi0mb/https://www.tradingview.com/x/Os6q5Blv/A falling wedge usually breaks out at the top. I'm see a small double bottom at 550. Price Target double bottom: The distance from the resistance breakout to trough lows can be added on top of the resistance break to estimate a target. This would imply that the bigger the formation is, the larger the potential advance. This gives us a target of 590. 590 has been a resistance point in the last few months. |
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fonzie
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June 15, 2014, 02:13:32 PM |
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If you're going to panic, panic early!
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N12
Donator
Legendary
Offline
Activity: 1610
Merit: 1010
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June 15, 2014, 02:15:30 PM |
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If you're going to panic, panic early!
He who panics first panics best. |
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fonzie
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June 15, 2014, 02:17:46 PM |
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watcoin
Member
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Activity: 70
Merit: 10
I am a watable wat
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June 15, 2014, 02:20:26 PM |
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Parazyd
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June 15, 2014, 02:21:53 PM |
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SPREAD ALL THE FUD!!!11
Non-related: I got a weird PM asking me why are all of my posts really short... Am I doing something wrong?
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gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
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June 15, 2014, 02:22:50 PM |
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Monster walls at Finex. Still $23 million longs to purge! Is this the end?  |
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podyx
Legendary
Offline
Activity: 2338
Merit: 1035
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June 15, 2014, 02:25:06 PM |
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Monster walls at Finex. Still $23 million longs to purge! Is this the end? bullish  |
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