Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Cassius]

Does bitpay accept USD? Does China?

Edit: this is so depressing. Someone else can tag in from here.

[1715255066]

1715255066

[1715255066]

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[JorgeStolfi]

The projects that you keep trying to talk for, are not as short sighted imo.

There have been many errors of judgement in bitcoin land, like in any other field.  Unfortunately the Antonopouloses have been magnifying the supposed advantages and inflating the probabilities, while minimizing or ignoring the problems.  When I started looking into it, at the end of 2013, everybody was saying  that bitcoin would 'obviously' replace credit and debit cards in a short time, because of the high fees and charge-backs of the latter.  Well, it did not happen.   Companies that invested heavily into that market are now in trouble.

[Chalkbot]

The projects that you keep trying to talk for, are not as short sighted imo.

There have been many errors of judgement in bitcoin land, like in any other field.  Unfortunately the Antonopouloses have been magnifying the supposed advantages and inflating the probabilities, while minimizing or ignoring the problems.  When I started looking into it, at the end of 2013, everybody was saying  that bitcoin would 'obviously' replace credit and debit cards in a short time, because of the high fees and charge-backs of the latter.  Well, it did not happen.   Companies that invested heavily into that market are now in trouble.

Yes, always bet on nothing changing, ever, because as history shows.... oh shit.

[JorgeStolfi]

Does bitpay accept USD? Does China?

Bitpay's business is bitcoin-to-USD.  Circle and Coinbase set out to do USD-to-bitcoin.  Circle's new announcement is about USD-to-USD, eventually USD-to-CNY or CNY-to-USD.  Where am I wrong?

[gentlemand]

Does bitpay accept USD? Does China?

Edit: this is so depressing. Someone else can tag in from here.

There is an enormous, beautiful world out there beyond your screen. Why not go out and dry hump it instead of wasting your life force on someone who will never, ever take a single character on board?

Every second you engage means he's depriving you of a moment you could be spending on something that enriches your life. Ignore and jump for joy.

[ChartBuddy]

Coin
Explanation

[noobtrader]

http://Http://ftalphaville.ft.com/2015/04/30/2127543/meet-the-company-that-wants-to-put-a-bitcoin-miner-in-your-toaster/

 

Did you guys see this? The rumors that 21 will be putting miners in everyday devices appears to be true. They also plan to onboard customers by giving many of these devices away for free!

Interesting.

I have long thought that someone would do this..

i guess its good to know that when btc reward for miner finally ended, we will have system ready to take over miners role.  

[Cassius]

Does bitpay accept USD? Does China?

Edit: this is so depressing. Someone else can tag in from here.

There is an enormous, beautiful world out there beyond your screen. Why not go out and dry hump it instead of wasting your life force on someone who will never, ever take a single character on board?

Every second you engage means he's depriving you of a moment you could be spending on something that enriches your life. Ignore and jump for joy.

You, sir, are quite right. Even if you have to resort to an image of a dog taking an interest in a larger lady to say it.

Jorge, you'll find out in your own time all your mistakes about crypto, and so will I. The stupid thing is, if you backed up your assumptions about Circle with any evidence, I'd probably give you a platform to discuss them. But you don't. Ciao.

Woof.

[dropt]

Weren't you just told to keep your BS in this thread to wall watching and price discussion?  You really don't fucking listen to anything, do you?

[Sitarow]

Build it and they will come.

[ErisDiscordia]

Is there a "Waiting for GBTC trading" meme yet ?

I think I saw one somewhere.

I humbly propose "godot" as the SI unit of BIT share liquidity, namely 1 traded BIT share.

heh so you can be funny, too!

Or is this just probability theory at work on your prodigious output of posting? Something about infinite tenured professors typing on infinite typewriters...

[ChartBuddy]

Coin
Explanation

[bassclef]

Weren't you just told to keep your BS in this thread to wall watching and price discussion?  You really don't fucking listen to anything, do you?

His arguments are full of logical fallacies. Mr. Spock would not approve.

[Fatman3001]

BTC-E hit $238

[bassclef]

BTC-E hit $238

Nice catch. I was adjusting my stops at Finex and missed it. Hard to see everything with 20 tabs of charts open.

[macsga]

Ok, I'll humour you.
What happens when a Circle customer wants to buy something over the web from a merchant who isn't a Circle user? Maybe they use BitPay, or another service, or they're happy accepting funds in bitcoins. Do they:
1) Send a cheque, and inform the merchant by email (followed by a phone call)
2) Make a SWIFT transfer
3) Bridge the gap in some other way?

You tell me.  We are talking about a customer who starts with dollars in hand and a merchant who wants dollars, correct?  (Otherwise it is the old fiat-to-bitcoin service that they allready had.)

Don't you also think a start-up company (the clue's in the phrase) might anticipate a growth in their chosen sector?

Like BitPay and Coinbase, when they started they certainly expected the fiat-to-bitcoin and bitcoin-to-fiat market to grow "exponentially".

Jorge, when a customer starts with dollars in hand (or BTCs) he doesn't care about the internal transfer system. Paypal, for instance could use an electronic transaction system based on email (!) to pay from one customer to another. BTC has a use here because of the low transaction fees and the instant physis of the medium. Again, this is an internal process and nothing more. Each company judges for its best interest what's best for them. How's that affecting bitcoin remains as an exercise to the reader...

BitPay & Coinbase (as with other companies as well) invested in what they thought BTC will be in an horizon more than 5 years IMHO. You don't invest money into a business if you're expecting fast-cash-right-here-right-now. Those people have business plans that may be fruitful after the 2nd even the 3rd year of investment. Remember the first steps of Facebook? Remember Apple in the 2000's ?

That's how the story goes.

[empowering]

BTC-E hit $238

Nice catch. I was adjusting my stops at Finex and missed it. Hard to see everything with 20 tabs of charts open.

Get more screens

[Fatman3001]

BTC-E hit $238

Nice catch. I was adjusting my stops at Finex and missed it. Hard to see everything with 20 tabs of charts open.

Get more screens

+1

[empowering]

The projects that you keep trying to talk for, are not as short sighted imo.

There have been many errors of judgement in bitcoin land, like in any other field.  Unfortunately the Antonopouloses have been magnifying the supposed advantages and inflating the probabilities, while minimizing or ignoring the problems.  When I started looking into it, at the end of 2013, everybody was saying  that bitcoin would 'obviously' replace credit and debit cards in a short time, because of the high fees and charge-backs of the latter.  Well, it did not happen.   Companies that invested heavily into that market are now in trouble.

Meh

Yes there are many errors of judgement in every field and aspect of business and life.

Also I say again... you are short sighted.

You are talking like Bitcoin has been around since the 1800's and all of the Bitcoin based business have shut shop and given up... when in reality Jorge they have only just started.

I cannot actually take you seriously anymore tbh.

[DieJohnny]

I am going all in with my second mortgage today