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Newbie1022
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December 14, 2014, 12:35:17 PM |
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I thought people were supposed to be buying new Bitcoins so that they could spend it on Microsoft products around Christmas time... and honestly, I'm making fun of Bitcoiners, right now, but even I expected some slight uptick in volume based on this. But ummm... doesn't appear that's happening anytime soon.
There's a thread where some sicko dreams about 9-year-olds hooking up with strangers on the interwebs, so that they could be groomed brainwashed and abducted into the Bitcoin cult molested, murdered, and left in a ditch buy Bitcoin  Sick people here.... Oh God... bahahahahaha |
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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dakota neat
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December 14, 2014, 12:38:11 PM |
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Take your meds, NLC  |
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JorgeStolfi
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December 14, 2014, 12:41:06 PM |
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I thought people were supposed to be buying new Bitcoins so that they could spend it on Microsoft products around Christmas time... and honestly, I'm making fun of Bitcoiners, right now, but even I expected some slight uptick in volume based on this. But ummm... doesn't appear that's happening anytime soon.
I understood that Microsoft only "accepts bitcoins" for Xbox game points, not for other products. Is that right? |
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Newbie1022
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December 14, 2014, 12:45:53 PM |
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I thought people were supposed to be buying new Bitcoins so that they could spend it on Microsoft products around Christmas time... and honestly, I'm making fun of Bitcoiners, right now, but even I expected some slight uptick in volume based on this. But ummm... doesn't appear that's happening anytime soon.
I understood that Microsoft only "accepts bitcoins" for Xbox game points, not for other products. Is that right? Not entirely sure. I honestly believe I've read several versions -- Xbox only, Xbox game points only, and all Microsoft products. Regardless, that should be a big enough market of geeks and this is the right season for introducing such -- if Microsoft was going to move the dial even slightly on purchasing of Bitcoins we'd have seen at least a slight uptick in buying activity already (even if there was countervailing selling activity as well). But, here, we have no volume. Nobody was crazy enough to bite and buy BTCs for this purpose. Thus, the only people who will be utilizing this, at least generally speaking, is existing bagholders. |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 14, 2014, 01:00:43 PM |
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octaft
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December 14, 2014, 01:02:55 PM |
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Thus, the only people who will be utilizing this, at least generally speaking, is existing bagholders people who got in at <5.
FTFY: Bagholders are holding waiting for 10k.  |
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NotLambchop
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December 14, 2014, 01:08:14 PM |
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... Thus, the only people who will be utilizing this, at least generally speaking, is existing bagholders.
Not true. I hear there's this place called purce.io where you can buy BTC with a CC for over 20% above market price. Now if you buy your BTC there and ...no, wait. If you sell your... no, that's not it either. Anyhow, you know 9-year-old kids? They do all sorts of dumb shit, I'm sure a few will think it's the smartest thing to do ever. Like planking or somethin'. |
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1115
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December 14, 2014, 01:16:20 PM |
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... Thus, the only people who will be utilizing this, at least generally speaking, is existing bagholders.
Not true. I hear there's this place called purce.io where you can buy BTC with a CC for over 20% above market price. Now if you buy your BTC there and ...no, wait. If you sell your... no, that's not it either. Anyhow, you know 9-year-old kids? They do all sorts of dumb shit, I'm sure a few will think it's the smartest thing to do ever. Like planking or somethin'. LOL. Dude:) |
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oda.krell
Legendary
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Activity: 1470
Merit: 1007
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December 14, 2014, 01:23:51 PM |
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I thought people were supposed to be buying new Bitcoins so that they could spend it on Microsoft products around Christmas time... and honestly, I'm making fun of Bitcoiners, right now, but even I expected some slight uptick in volume based on this. But ummm... doesn't appear that's happening anytime soon.
I understood that Microsoft only "accepts bitcoins" for Xbox game points, not for other products. Is that right? More or less correct. "Xbox game points" sounds like you can only get game-related content though, which is afaik not correct. Here's the MS quote: You can only use bitcoin to add money to your Microsoft account and then purchase digital goods at select Microsoft online stores. You can’t use bitcoin to purchase Microsoft products and services directly at this time,” says the corporation’s webpage, warning that transactions are irreversible.
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noobtrader
Legendary
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Activity: 1456
Merit: 1000
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December 14, 2014, 01:30:46 PM |
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Miz4r
Legendary
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Activity: 1246
Merit: 1000
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December 14, 2014, 01:30:54 PM |
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I thought people were supposed to be buying new Bitcoins so that they could spend it on Microsoft products around Christmas time... and honestly, I'm making fun of Bitcoiners, right now, but even I expected some slight uptick in volume based on this. But ummm... doesn't appear that's happening anytime soon.
I understood that Microsoft only "accepts bitcoins" for Xbox game points, not for other products. Is that right? Not entirely sure. I honestly believe I've read several versions -- Xbox only, Xbox game points only, and all Microsoft products. Regardless, that should be a big enough market of geeks and this is the right season for introducing such -- if Microsoft was going to move the dial even slightly on purchasing of Bitcoins we'd have seen at least a slight uptick in buying activity already (even if there was countervailing selling activity as well). But, here, we have no volume. Nobody was crazy enough to bite and buy BTCs for this purpose. Thus, the only people who will be utilizing this, at least generally speaking, is existing bagholders. So the Microsoft news is like 2 days old now and you are able to conclude already that nobody is crazy enough to buy BTCs for this purpose? I don't know about you but it took me quite a while to find out how to buy and store Bitcoins once I started getting interested in it. Admittedly it's a bit easier now then it used to be but still. Give it a few months and then we might be able to see whether the XBox crowd has started to embrace BTC. You can't expect much in a couple of days. Besides how much money goes around in people buying Xbox products each day? Even if half of that would be done through BTC would that really affect the total trading volume on exchanges all that much? I'm not sure actually, but I doubt it. It could fuel speculation though and increase the volume significantly that way. |
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hdbuck
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Activity: 1260
Merit: 1002
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December 14, 2014, 01:34:42 PM |
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macsga
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Activity: 1484
Merit: 1002
Strange, yet attractive.
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December 14, 2014, 01:38:39 PM |
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Take your meds, NLC The cure:   |
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NotLambchop
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December 14, 2014, 01:43:32 PM |
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^
>ignores all the sensible posters
>brags about it
That explains some, though not all, of your craziness.
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mrkavasaki
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December 14, 2014, 01:50:22 PM |
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why is the price still so low?  |
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 14, 2014, 02:00:41 PM |
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NotLambchop
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December 14, 2014, 02:07:12 PM |
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why is the price still so low? Central bank saboteurs ruining our shit. And, of course, jackbooted gubermint thugs, who are? ... Yeah, you got it--The Jews |
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inca
Legendary
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Activity: 1176
Merit: 1000
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December 14, 2014, 02:16:44 PM |
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Who are our overlords going to squeeze, first? The longs or the shorts?
Ah you have finally realised that short term price movements rely more on a few colluding players than 'the market'. |
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macsga
Legendary
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Activity: 1484
Merit: 1002
Strange, yet attractive.
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December 14, 2014, 02:31:35 PM |
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Who are our overlords going to squeeze, first? The longs or the shorts?
Ah you have finally realised that short term price movements rely more on a few colluding players than 'the market'. Both him and the LambTroll (are they the same person? ) knew this from the start. Maybe if they're not the same person, they're here for the same reason. |
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MoreFun
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Activity: 1008
Merit: 1003
WePower.red
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December 14, 2014, 02:50:24 PM |
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I thought people were supposed to be buying new Bitcoins so that they could spend it on Microsoft products around Christmas time... and honestly, I'm making fun of Bitcoiners, right now, but even I expected some slight uptick in volume based on this. But ummm... doesn't appear that's happening anytime soon.
I understood that Microsoft only "accepts bitcoins" for Xbox game points, not for other products. Is that right? More or less correct. "Xbox game points" sounds like you can only get game-related content though, which is afaik not correct. Here's the MS quote: You can only use bitcoin to add money to your Microsoft account and then purchase digital goods at select Microsoft online stores. You can’t use bitcoin to purchase Microsoft products and services directly at this time,” says the corporation’s webpage, warning that transactions are irreversible.
Can you buy Windows licence with BTC? |
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