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

[molecular]

Paypal considering adding bitcoin as a funding method.

http://www.bloomberg.com/video/paypal-sees-20-billion-in-mobile-transactions-WlokACTBRterdjHAJGNB6w.html
Fast forward to about 2:45 to hear about bitcoin

Looks like they are looking closely at western union and do not want their lunch eaten. I am a superbull and I cant believe what I just saw.

wow!!

[oakpacific]

I too wouldn't touch paypal but the influx of people using BTC would be huge...

Oh yeah, totally agree. I am happy to see it for that reason. People are free to use Paypal all they want. I just wouldn't go near them...

The key here is the publicity, rather than convenience brought by such a move: if both WU and Paypal start supporting Bitcoin, all those Ponzi scheme/fraud talk can GTFO.

[Jaroslaw]

I woke Up today look at the price and i said: IM A FUCKING RICH GUY!

[Piper67]

Paypal considering adding bitcoin as a funding method.

http://www.bloomberg.com/video/paypal-sees-20-billion-in-mobile-transactions-WlokACTBRterdjHAJGNB6w.html
Fast forward to about 2:45 to hear about bitcoin

Looks like they are looking closely at western union and do not want their lunch eaten. I am a superbull and I cant believe what I just saw.

wow!!

And just as with WU, there appear to be two solutions to the equation. In one, Bitcoin is the enemy. In the other, it's an amazing technology that can save them millions if co-opted. The fact that Marcus didn't flat out refute it, and that he spoke somewhat knowledgeably of miners and so on... this is big.

[siggy]

Paypal considering adding bitcoin as a funding method.

http://www.bloomberg.com/video/paypal-sees-20-billion-in-mobile-transactions-WlokACTBRterdjHAJGNB6w.html
Fast forward to about 2:45 to hear about bitcoin

Looks like they are looking closely at western union and do not want their lunch eaten. I am a superbull and I cant believe what I just saw.

OK.. so how would this work regarding taxes...   I deposit BTC to my paypal account, and then turn around and buy something on the web denominated in $$ and pay with paypal...   did I just "sell" my BTC for $$ and incure a capital gains tax liability?  Or did I just buy something with BTC?  

Does this turn paypal into the ultimate exchange?

Sigg

[awakening]

160 broken in a few minutes

[lebing]

Paypal considering adding bitcoin as a funding method.

http://www.bloomberg.com/video/paypal-sees-20-billion-in-mobile-transactions-WlokACTBRterdjHAJGNB6w.html
Fast forward to about 2:45 to hear about bitcoin

Looks like they are looking closely at western union and do not want their lunch eaten. I am a superbull and I cant believe what I just saw.

OK.. so how would this work regarding taxes...   I deposit BTC to my paypal account, and then turn around and buy something on the web denominated in $$ and pay with paypal...   did I just "sell" my BTC for $$ and incure a capital gains tax liability?  Or did I just buy something with BTC?  

Does this turn paypal into the ultimate exchange?

Sigg

Could be either or both. I'm guessing at first they will go head to head with blockchain and roll out more services over time.

[Gordonium]

Paypal considering adding bitcoin as a funding method.

http://www.bloomberg.com/video/paypal-sees-20-billion-in-mobile-transactions-WlokACTBRterdjHAJGNB6w.html
Fast forward to about 2:45 to hear about bitcoin

Looks like they are looking closely at western union and do not want their lunch eaten. I am a superbull and I cant believe what I just saw.

We have arrived.

[jojo69]

KEEP

THREAD

CLEAN

ADAM

KTHX

meh

censor thread and suffer schism

[Richy_T]

up, uP, UP

[phoenix1]

Paypal recognition ... bye bye 150 .. nice knowing you 

[just1nmc]

$160, many asks being pulled as well. Hopefully some support can build up before it goes too much higher.

[dmiceman]

Surely we can take 200 today and 50 tomorrow. Go go go!

[Liquid]

[adamstgBit]

Paypal recognition ... bye bye 150 .. nice knowing you 

huh? Paypal recognition?

[just1nmc]

Paypal recognition ... bye bye 150 .. nice knowing you 

huh? Paypal recognition?

Yes 

https://bitcointalk.org/index.php?topic=186349.0

[billington.mark]

Paypal considering adding bitcoin as a funding method.

http://www.bloomberg.com/video/paypal-sees-20-billion-in-mobile-transactions-WlokACTBRterdjHAJGNB6w.html
Fast forward to about 2:45 to hear about bitcoin

Looks like they are looking closely at western union and do not want their lunch eaten. I am a superbull and I cant believe what I just saw.

see above for paypal recognition....

[DougTanner]

LOL, I go off to read /r/Bitcoin for 5 minutes and this happens:

[Richy_T]

I am fairly convinced that the causality is the opposite of what you describe. Sure, price and number of Google searches are correlated but correlation does not imply causation. It is rising prices that drive interest, not the other way around.

You have to be careful with what you think you're looking at too. You might think that interest in bitcoins correlates with Google trends but the thing is that the differential of an exponential is an exponential. Thus the trend on google may not correlate with the interest in something but rather with the *change* in interest in something but during an exponential period, these would look the same/similar.

[Terpie]

The biggest factor in all this (Paypal, WU, etc.), is that they are recognizing Bitcoin as a potential business opportunity. This puts added pressure to be first mover if people think someone else might jump first. Mmmm game theory.