Cassius
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Activity: 1764
Merit: 1031
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April 30, 2015, 03:01:34 PM |
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http://blog.circle.com/2015/04/29/new-circle-investors-new-us-dollar-account-features-china-horizons/Reading Circle's announcement again, prompted by Jorge's relentless negativity, I think this is actually a bigger deal than I'd realised. Allowing customers to use bitcoin to send money but holding it in USD (which is what's going on, Jorge - instant conversion at the time of use) and never seeing BTC is very neat. They still pay merchants in BTC, but don't need to worry about holding BTC. I can see that it might be nice for merchants to do the same. That removes a major barrier to adoption. Price-wise, since you seem to use that as a proxy for success, it becomes a matter of velocity at that point, as well as awareness. I wouldn't dismiss this one lightly. It's enabling bitcoin to be used as it was always meant to be.
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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macsga
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Activity: 1484
Merit: 1002
Strange, yet attractive.
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April 30, 2015, 03:03:01 PM |
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Good morning Bitcoinland.
Been away for a few days and I missed the buying opportunity under $220. Oh well, I'll just have to wait for the next dip.
Nice to see last night's little rise to over $230 again. Will it last this time?
Nobody can say for sure; there's a chance that the bear year is over though. The numbers are turning green one by one, but this could also be orchestrated. If you notice, there's nervous buying in of huge amounts that pops the price 15-20$ up. Let's see when the ETF will be released what's the next rally will look like.
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Fatman3001
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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April 30, 2015, 03:12:24 PM |
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For once, whaleclub is lol-material "i dont have enought channell for this "
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LFC_Bitcoin
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Activity: 3528
Merit: 9552
#1 VIP Crypto Casino
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April 30, 2015, 03:13:46 PM |
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Good morning Bitcoinland.
Been away for a few days and I missed the buying opportunity under $220. Oh well, I'll just have to wait for the next dip.
Nice to see last night's little rise to over $230 again. Will it last this time?
Nobody can say for sure; there's a chance that the bear year is over though. The numbers are turning green one by one, but this could also be orchestrated. If you notice, there's nervous buying in of huge amounts that pops the price 15-20$ up. Let's see when the ETF will be released what's the next rally will look like. I'm hesitant to declare that the bearish year is over. It'd be very welcome though, it's about time we had a relentless price surge upwards.
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Sitarow
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Activity: 1792
Merit: 1047
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April 30, 2015, 03:14:27 PM |
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Fatman3001
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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April 30, 2015, 03:15:36 PM |
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Good morning Bitcoinland.
Been away for a few days and I missed the buying opportunity under $220. Oh well, I'll just have to wait for the next dip.
Nice to see last night's little rise to over $230 again. Will it last this time?
Nobody can say for sure; there's a chance that the bear year is over though. The numbers are turning green one by one, but this could also be orchestrated. If you notice, there's nervous buying in of huge amounts that pops the price 15-20$ up. Let's see when the ETF will be released what's the next rally will look like. I'm hesitant to declare that the bearish year is over. It'd be very welcome though, it's about time we had a relentless price surge upwards. We need to run up and bust that $300 in the nuts
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inca
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Activity: 1176
Merit: 1000
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April 30, 2015, 03:22:07 PM |
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Good morning Bitcoinland.
Been away for a few days and I missed the buying opportunity under $220. Oh well, I'll just have to wait for the next dip.
Nice to see last night's little rise to over $230 again. Will it last this time?
Nobody can say for sure; there's a chance that the bear year is over though. The numbers are turning green one by one, but this could also be orchestrated. If you notice, there's nervous buying in of huge amounts that pops the price 15-20$ up. Let's see when the ETF will be released what's the next rally will look like. I'm hesitant to declare that the bearish year is over. It'd be very welcome though, it's about time we had a relentless price surge upwards. We need to run up and bust that $300 in the nuts Don't worry. Shorts like tarmi have provided 4.7k buying pressure on finex today. A little further buying from bulls in relation to GBTC trading and circle's latest funding round will encourage more to cover and buy us up the orderbook further. >27000 still open, which up to very recently was still a massive number of contracts to be pushing down the price.
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JorgeStolfi
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April 30, 2015, 03:32:58 PM |
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maybe their intention is simply to draw attention. also, whats the odds someone can fill that order? is there a record anywhere of how many shares have been sold and when ie. how many are now available for trading?
About 1.4 million shares have been sold, mostly before May 2014. We know the net sales by day: see the first post on this thread the SecondMarket Observer thread. According to the SEC/FINRA filings (look for them in the OTCQX page) there have been a few redemptions; but most of the shares listed on that post have have never been redeemed, so that table gives a fairly good idea of the ages distribution of the extant shares.
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inca
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Activity: 1176
Merit: 1000
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April 30, 2015, 03:38:13 PM |
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Off out for a beer. Please gap up 20 dollars in my absence
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darkangel11
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Defend Bitcoin and its PoW: bitcoincleanup.com
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April 30, 2015, 03:39:58 PM |
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Still it's a good indicator of the attitude towards Bitcoin. Despite all the doom preachers people are still willing to buy large quantities. Bitcoin hype is far from over
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JorgeStolfi
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April 30, 2015, 03:42:49 PM |
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Allowing customers to use bitcoin to send money but holding it in USD (which is what's going on, Jorge - instant conversion at the time of use) and never seeing BTC is very neat. They still pay merchants in BTC, but don't need to worry about holding BTC. I can see that it might be nice for merchants to do the same. That removes a major barrier to adoption. When you use their new service, they will take your USD, pretend to convert it to BTC, but keep the BTC as USD to avoid volatility losses, then pretend to convert the BTC back to USD, and deliver USD to the merchant. That certainly removes the biggest barrier to bitcoin adoption -- which is bitcoin itself.
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bassclef
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April 30, 2015, 03:46:32 PM |
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Allowing customers to use bitcoin to send money but holding it in USD (which is what's going on, Jorge - instant conversion at the time of use) and never seeing BTC is very neat. They still pay merchants in BTC, but don't need to worry about holding BTC. I can see that it might be nice for merchants to do the same. That removes a major barrier to adoption. When you use their new service, they will take your USD, pretend to convert it to BTC, but keep the BTC as USD to avoid volatility losses, then pretend to convert the BTC back to USD, and deliver USD to the merchant. That certainly removes the biggest barrier to bitcoin adoption -- which is bitcoin itself. Guys, Jorge has figured everything out for us, pack it in. It was fun but we simply cannot compete with such a brilliant mind. Time to head home.
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kodtycoon
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Activity: 1568
Merit: 1002
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April 30, 2015, 03:50:57 PM |
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Fatman3001
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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April 30, 2015, 03:52:14 PM |
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Allowing customers to use bitcoin to send money but holding it in USD (which is what's going on, Jorge - instant conversion at the time of use) and never seeing BTC is very neat. They still pay merchants in BTC, but don't need to worry about holding BTC. I can see that it might be nice for merchants to do the same. That removes a major barrier to adoption. When you use their new service, they will take your USD, pretend to convert it to BTC, but keep the BTC as USD to avoid volatility losses, then pretend to convert the BTC back to USD, and deliver USD to the merchant. That certainly removes the biggest barrier to bitcoin adoption -- which is bitcoin itself. Guys, Jorge has figured everything out for us, pack it in. It was fun but we simply cannot compete with such a brilliant mind. Time to head home. Yes, I agree! (tap, tap, tap, pretending to leave the room) Is he gone yet?
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ssmc2
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Activity: 2002
Merit: 1040
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April 30, 2015, 03:53:14 PM |
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Am I missing something? I don't see any trades as of yet.
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Fatman3001
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Activity: 1526
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Make Bitcoin glow with ENIAC
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April 30, 2015, 03:53:22 PM |
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I don't see it filled yet Any source?
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empowering
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Activity: 1078
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April 30, 2015, 03:53:57 PM |
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Dat is a (bid) quote.... not a trade.. unless you know something we do not? (or can see 15 minutes into the future)
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macsga
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Activity: 1484
Merit: 1002
Strange, yet attractive.
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April 30, 2015, 03:55:00 PM |
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Allowing customers to use bitcoin to send money but holding it in USD (which is what's going on, Jorge - instant conversion at the time of use) and never seeing BTC is very neat. They still pay merchants in BTC, but don't need to worry about holding BTC. I can see that it might be nice for merchants to do the same. That removes a major barrier to adoption. When you use their new service, they will take your USD, pretend to convert it to BTC, but keep the BTC as USD to avoid volatility losses, then pretend to convert the BTC back to USD, and deliver USD to the merchant. That certainly removes the biggest barrier to bitcoin adoption -- which is bitcoin itself. Reading such comments from you really makes me wonder if you're one of NLC's instances. I mean really? How did you figure it out all this? Or do you suggest that's what YOU would do if you were willing to start a company that clearly supports BTC in the first place?
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kodtycoon
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Activity: 1568
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April 30, 2015, 03:56:01 PM |
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Dat is a quote.... not a trade.. unless you know something we do not? (or can see 15 minutes into the future) do none of you click hyperlinks? lol
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