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

[UnDerDoG81]

Wow damn I´m so pissed that I missed bitcoins where it was on 2 digits. And now I´m pissed that I missed the 1 digit LTC train  

Always coming too late...

How do you know it's too late ?

Instead of feeling pissed for what you missed, feel excited and grateful for the opportunities ahead

If you want to double your money on LTC now the price must go up to 80$. If you bought in at 9$ you would have 4x your money already.

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[OldGeek]

I think you'll need more than that.  Mrs. Shopper looks very closely at the price tags attached to the items on the rack.

yeah, and that's fine, Ms. Shopper can think of prices in USD and pick out a sweater for $45, upon approaching the till she asks the girl if she can pay in bitcoin.  The girl smiles "of course" and slides a laminated QR code over to be scanned.  Ms. shopper snaps it, enters $45, and pushes send, a few seconds later the till beeps and prints a receipt.  Behind the scenes the phone app calculates the exchange rate and transfers the appropriate amount from a dedicated mobile hot wallet.

That will probably work.

   Send my spouse out shopping with a btc loaded wallet.  Bleah!

On another note:  Gox seems to be stabilizing ~ 1080 while stamp is disbelieving @ ~ 960.

[MahaRamana]

Wow damn I´m so pissed that I missed bitcoins where it was on 2 digits. And now I´m pissed that I missed the 1 digit LTC train  

Always coming too late...

How do you know it's too late ?

Instead of feeling pissed for what you missed, feel excited and grateful for the opportunities ahead

If you want to double your money on LTC now the price must go up to 80$. If you bought in at 9$ you would have 4x your money already.

I can calculate.
Not an excuse to feel pissed in my opinion.
The guy who bought bitcoin at 20 usd might have hesitated and have felt pissed looking at a past price of 0.3 usd. What is the point of making yourself feel pissed ? Regret is a waste of energy and a recipe to create more regret in the future. It makes no sense to me.

[jojo69]

That will probably work.

   Send my spouse out shopping with a btc loaded wallet.  Bleah!

well yeah, the hot wallets will also be prone to network theft, not unlike cash or credit cards, no real way around that, you just don't carry too much at one time.

It will be like the stores already where you can settle up in PayPal...but without dealing with motherfucking PayPal.

[crazy_rabbit]

Wow damn I´m so pissed that I missed bitcoins where it was on 2 digits. And now I´m pissed that I missed the 1 digit LTC train 

Always coming too late...

How do you know it's too late ?

Instead of feeling pissed for what you missed, feel excited and grateful for the opportunities ahead

If you want to double your money on LTC now the price must go up to 80$. If you bought in at 9$ you would have 4x your money already.

That doesn't mean it's too late.

[OldGeek]

You know what, Jojo?  Your answer to the merchant situation is the best I've heard.  

So what is the hold up?  The software side shouldn't be very difficult.  Educating the merchants might take a while, but the advantages would be apparent.  The public shouldn't care much either way.  

Perhaps the one thing the merchant will need is a way to get his fiat back quickly.

/Frank

[MahaRamana]

You know what, Jojo?  Your answer to the merchant situation is the best I've heard.  

So what is the hold up?  The software side shouldn't be very difficult.  Educating the merchants might take a while, but the advantages would be apparent.  The public shouldn't care much either way.  

Perhaps the one thing the merchant will need is a way to get his fiat back quickly.

/Frank

At that point there will start to have more professional use of the bitcoin as well. Why should that be an instrument only for consumers ?

Companies might very well decide to hold bitcoins and not only USD for future payments in bitcoins. Many businesses will not mind the exposure to the usd variations that are mostly to the upside anyways.

My company is selling online and we are adding bitcoin as a payment method, you can be sure I am deciding that the company will keep bitcoin payments as bitcoin.

[jojo69]

read up on mPesa oldgeek, it is a vodacom administered payment system in Africa that is ubiquitous there, I think we can learn a lot from it

[OldGeek]

There is every reason to believe that many businesses besides merchants will love btc, but the process has to start somewhere.

If many merchants are in love with btc they may pressure their suppliers to take it as payment.  As the wholesalers accept the new payment method they may request to pay the producer in kind.  The ball would really be rolling then.

Online stores are a perfect place to accept btc.

/Frank

[Odrec]

The exchanges are behaving very differently. Is this a sign of trouble?

[OldGeek]

read up on mPesa oldgeek, it is a vodacom administered payment system in Africa that is ubiquitous there, I think we can learn a lot from it

Thanks.  I'll go do that right now.  Only thing going on in the markets is a bunch of bots anyhow.

[jojo69]

There is every reason to believe that many businesses besides merchants will love btc, but the process has to start somewhere.

Another good starting place, or wedge, is international bank wires.  I recently needed parts from the EU for perfectly legitimate business purposes.  Due to current "anti terrorism" "anti money laundering" (IMO capitol controls and big brother) restrictions, getting the necessary bank wire done was excruciating, just unbelievably, painfully, inefficient.  This is an arena where BTC has the potential to just eat the big banks' lunch for real.

[Odrec]

BTC-e is like $200 behind gox. This is ridiculous

[bitcoin carpenter]

Is it a banking holiday in the US and Japan tomorrow?

[OldGeek]

This is an arena where BTC has the potential to just eat the big banks' lunch for real.

Banks again.  I just read the wiki on M-Pesa and the references to banks were everywhere.  So, I suppose, what btc needs is a clearinghouse.

Noted that IBM was/is involved in the 'Development and second line support' details of M-Pesa.  Shouldn't be too long before we hear something from that powerhouse inre bitcoin.

/Frank

[ChartBuddy]

[tHash]

BTC-e is like $200 behind gox. This is ridiculous

They just had a sell off at BTC-e and the other exchanges didn't follow, why would they?   So no big deal really, gap has closed quite a bit.

[OldGeek]

Looks like gox wants to go up some more.

[jojo69]

lets see a nice little handle here on gox

[Nightowlace]

There was a $3 million dollar wall on Stamp

Edit: Did he finally sell?