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

[mailmansDOGE]

It is in fact cheaper for online transactions, safer for protecting your identity, simpler for international transactions, faster for online payments, and more secure

Yeah, how stupid are people for not seeing that.

Its not cheap for day to day transactions!
What if I have to buy a chocolate worth $0.25 , i really wouldnt like paying 0.0001tx fee for it. we want btc to be used like "cash" , is it possible to make it like cash with the transaction fee?

[ChartBuddy]

Coin
Explanation

[neuronics]

I suppose if you treat Bitcoin as a mere asset, it's easy to think of it as some kind of tradeable commodity, rather than disruptive technology. Bitcoin the disruptive technology is much more than bitcoins, the commodity though.

If Bitcoin were an enterprise, its IPO would still be years away. Of course the charts look ugly compared established commodities like metals, agricultural products or foreign currencies, or publicly traded shares of the kind of established businesses whose shares are already traded on exchanges. The wild "bubble"-like price fluctuations are typical of new enterprises still in the domain of angels and VCs. By the time most new endeavors reach the point of public offerings, the bumps have been smoothed out.

This.
Much more than Bitcoin, so holding Bitcoin is like an investment in this new kind of "enterprise", hardly comparable to anything before. 

[molecular]

To be honest you are assuming that they are not keeping a % of the payment in BTC with their payment processor.

Some merchants may do that (just as some merchants actuall accept bitcoin directly, without BitPay's intermediation).  But I am pretty sure that Dell, Microsoft, Wikipedia, etc. do not.  Handling bitcoins requires extra work from accoutants, which is not worth the amount of payment received.  Losses from bitcoin price variations (as Overstock and Fortress suffered) would have to be reported in the quarterly reports, and would be hard to justify to stockholders.

Also what is important to note is that BTC like USD,CAD,YEN,CHY,GBP and any other currency is being accepted for payment

SIgh.  No, it is not the same thing.  Dell USA does accept USD, because you can wire USD to their bank account directly. They do not accept CAD,YEN,CHY,GBP nor BTC, and you cannot send them any of those currencies directly; you must send them to some other company, that converts them to USD and sends the USD to Dell.

Jorge, can't you see that we are arguing about what 'accepting' means?  Everybody agrees about the model, the underlying chain of events that takes place during and after a payment (if a company chooses to get paid fully in fiat).  It's just that when a company allows you to pay for products in BTC, I call that "accepting BTC", whereas for you "accepting" apparently means whatever you are getting paid by the payment processor at the end of the process.  

I didn't follow the discussion leading to this, so maybe I'm out of line, but strangely it seems I'm siding with Stolfi on this. If we're talking about what it means to accept BTC I think we have to ask why we want companies to do that. In the end we'd like to see a purely Bitcoin-based economy with the companies using the BTC they're being payed with for their products to cover their cost (machinery, marketing, salaries, consulting, raw materials, insurance, taxes,...). In case of a company 'accepting' BTC through bitpay and converting 100% to fiat, this is clearly not the case.

So no: Dell is not accepting bitcoin. They're using it as a marketing tool.

[ChartBuddy]

Coin
Explanation

[600watt]

The trolls still get the folks tangled up in useless discussions, spamming the forum, shitting through all the threads. why do you give so much attention, why quote them, why even wasting precious forum and/or life time on any of those fkn idiots?

[hyphymikey]

Come on bears, sell.... DUMP ONTO THE.

They are only useless coins that will soon be worth nothing, right? Might as well get rid of them while they are worth something, right?

DUMP ONTO THE

[bad trader]

The weekend pump isn't very impressive.

[bitgeek]

Who said there always has to be a weekend pump or a weekend dump? Usually days of the week don't matter to the traders don't look for a pattern here.

[ChartBuddy]

Coin
Explanation

[bad trader]

Who said there always has to be a weekend pump or a weekend dump?

A lot of people. (At least for this weekend.)

[BlindMayorBitcorn]

Who said there always has to be a weekend pump or a weekend dump?

A lot of people. (At least for this weekend.)

People know nothing

[YourMother]

Come on bears, sell.... DUMP ONTO THE.

They are only useless coins that will soon be worth nothing, right? Might as well get rid of them while they are worth something, right?

DUMP ONTO THE

How to fake confidence - O'Reilly Course 101

[WillyBTC]

Little pop up here, but looked a bit more explosive at first than it does now....

[DaRude]

Who said there always has to be a weekend pump or a weekend dump?

A lot of people. (At least for this weekend.)

People know nothing

Are you implying that i SHOULDN'T trust random people on the internet  

Little pop up here, but looked a bit more explosive at first than it does now....

Bid side is getting heavy on Finex. Bulls are used to just putting up the bids and someone dumping on them, when that stopped happening first bulls are starting to break rank. It's like watching the migration of wildebeest  across river

[Fatman3001]

To be honest you are assuming that they are not keeping a % of the payment in BTC with their payment processor.

Some merchants may do that (just as some merchants actuall accept bitcoin directly, without BitPay's intermediation).  But I am pretty sure that Dell, Microsoft, Wikipedia, etc. do not.  Handling bitcoins requires extra work from accoutants, which is not worth the amount of payment received.  Losses from bitcoin price variations (as Overstock and Fortress suffered) would have to be reported in the quarterly reports, and would be hard to justify to stockholders.

Also what is important to note is that BTC like USD,CAD,YEN,CHY,GBP and any other currency is being accepted for payment

SIgh.  No, it is not the same thing.  Dell USA does accept USD, because you can wire USD to their bank account directly. They do not accept CAD,YEN,CHY,GBP nor BTC, and you cannot send them any of those currencies directly; you must send them to some other company, that converts them to USD and sends the USD to Dell.

Jorge, can't you see that we are arguing about what 'accepting' means?  Everybody agrees about the model, the underlying chain of events that takes place during and after a payment (if a company chooses to get paid fully in fiat).  It's just that when a company allows you to pay for products in BTC, I call that "accepting BTC", whereas for you "accepting" apparently means whatever you are getting paid by the payment processor at the end of the process.  

I didn't follow the discussion leading to this, so maybe I'm out of line, but strangely it seems I'm siding with Stolfi on this. If we're talking about what it means to accept BTC I think we have to ask why we want companies to do that. In the end we'd like to see a purely Bitcoin-based economy with the companies using the BTC they're being payed with for their products to cover their cost (machinery, marketing, salaries, consulting, raw materials, insurance, taxes,...). In case of a company 'accepting' BTC through bitpay and converting 100% to fiat, this is clearly not the case.

So no: Dell is not accepting bitcoin. They're using it as a marketing tool.

If you or others can't see the significance of Dell, Microsoft and Paypal saying not only that they are interested in Bitcoin but that they consider it a sufficiently mature and legitimate medium of exchange that they are willing to accept it through their payments processors; then.... it doesn't matter because others will. We CAN get every business on the planet to accept and legitimize Bitcoin in this way, but we CAN'T get most companies to be bagholders.

There is no conceivable reason why Dell or Microsoft should accept Bitcoin directly. Even when Bitcoin is established enough for companies to transfer large sums between each other and internally, it wouldn't necessarily be very prudent to do that with bitcoins from customers. That would still go through payments processors and the management of their own bitcoins would be handled separately. Accepting payments through BitPay or Coinbase is to accept Bitcoin. Get over it!

[DaRude]

To be honest you are assuming that they are not keeping a % of the payment in BTC with their payment processor.

Some merchants may do that (just as some merchants actuall accept bitcoin directly, without BitPay's intermediation).  But I am pretty sure that Dell, Microsoft, Wikipedia, etc. do not.  Handling bitcoins requires extra work from accoutants, which is not worth the amount of payment received.  Losses from bitcoin price variations (as Overstock and Fortress suffered) would have to be reported in the quarterly reports, and would be hard to justify to stockholders.

Also what is important to note is that BTC like USD,CAD,YEN,CHY,GBP and any other currency is being accepted for payment

SIgh.  No, it is not the same thing.  Dell USA does accept USD, because you can wire USD to their bank account directly. They do not accept CAD,YEN,CHY,GBP nor BTC, and you cannot send them any of those currencies directly; you must send them to some other company, that converts them to USD and sends the USD to Dell.

Jorge, can't you see that we are arguing about what 'accepting' means?  Everybody agrees about the model, the underlying chain of events that takes place during and after a payment (if a company chooses to get paid fully in fiat).  It's just that when a company allows you to pay for products in BTC, I call that "accepting BTC", whereas for you "accepting" apparently means whatever you are getting paid by the payment processor at the end of the process.  

I didn't follow the discussion leading to this, so maybe I'm out of line, but strangely it seems I'm siding with Stolfi on this. If we're talking about what it means to accept BTC I think we have to ask why we want companies to do that. In the end we'd like to see a purely Bitcoin-based economy with the companies using the BTC they're being payed with for their products to cover their cost (machinery, marketing, salaries, consulting, raw materials, insurance, taxes,...). In case of a company 'accepting' BTC through bitpay and converting 100% to fiat, this is clearly not the case.

So no: Dell is not accepting bitcoin. They're using it as a marketing tool.

If you or others can't see the significance of Dell, Microsoft and Paypal saying not only that they are interested in Bitcoin but that they consider it a sufficiently mature and legitimate medium of exchange that they are willing to accept it through their payments processors; then.... it doesn't matter because others will. We CAN get every business on the planet to accept and legitimize Bitcoin in this way, but we CAN'T get most companies to be bagholders.

There is no conceivable reason why Dell or Microsoft should accept Bitcoin directly. Even when Bitcoin is established enough for companies to transfer large sums between each other and internally, it wouldn't necessarily be very prudent to do that with bitcoins from customers. That would still go through payments processors and the management of their own bitcoins would be handled separately. Accepting payments through BitPay or Coinbase is to accept Bitcoin. Get over it!

Feel like the same arguments keep popping up over and over. Bitcoin currency vs bitcoin protocol. They're using bitcoin protocol to transfer wealth. This is good. Good news for protocol will (eventually) result in good news for currency.

[DaRude]

My favorite one is the argument against adaption as a lot of people accepting bitcoins will bring more sell pressure on the currency as people will use their BTC to actually buy stuff  those cute fuzzy trolls 

[elasticband]

My favorite one is the argument against adaption as a lot of people accepting bitcoins will bring more sell pressure on the currency as people will use their BTC to actually buy stuff   those cute fuzzy trolls  

Unless there is reason for normal none BTC holding joe blogs to go out and buy bitcoin to then buy his online product, then yes more BTC business accepting adoption just equates to more ways for BTC hodlers to cash out and a downward sell pressure. without creating a demand for really using BTC in the real world, we are just creating more sell pressure.

Compared to last year, i can dump bitcoins so many different places now.

i've still yet to met a person who has wanted something online, then used their bank account to buy BTC, then his btc to buy the product, when they could have just used his bank account and skipped a step. people want seamless easy transactions, BTC - BTC provides that, fiat - BTC - fiat does not.


saying that i am very much so long on bitcoin

[Dump3er]

The trolls still get the folks tangled up in useless discussions, spamming the forum, shitting through all the threads. why do you give so much attention, why quote them, why even wasting precious forum and/or life time on any of those fkn idiots?

What you are saying?! Without us trolls the only content of this forum would be rocket pictures, porn pictures and permabulls tickling their balls one to another while price keeps crashing.

We are the literate!