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

[adamstgBit]

but what if china is not what is keeping the market down? this has been my thinking all along...

what if bears are bearish for no particular reason 

 

[conspirosphere.tk]

eBay to allow Bitcoin from 10th February (?)
http://rumorscity.com/2014/01/18/ebay-to-allow-bitcoin-from-10th-february/

[spooderman]

When people announce "X accepts bitcoin! Pmg!" does this usually just mean that they have started using bitpay? Because if that's all that happens, we are effectively just making the world's largest middle man, not too different from say....PAYPAL.

My question being: Do any of these merchants actually KEEP the fucking btc?

[adamstgBit]

[adamstgBit]

When people announce "X accepts bitcoin! Pmg!" does this usually just mean that they have started using bitpay? Because if that's all that happens, we are effectively just making the world's largest middle man, not too different from say....PAYPAL.

My question being: Do any of these merchants actually KEEP the fucking btc?

as a user of bitcoin, i really dont give a shit if they hold a % of the coins or not.

the point is that i can spend my coins there

[HarHarHar9965]

everything looks all bullish and rosy, that's all good. we see.

[T.Stuart]

lol!

[pera]

When people announce "X accepts bitcoin! Pmg!" does this usually just mean that they have started using bitpay? Because if that's all that happens, we are effectively just making the world's largest middle man, not too different from say....PAYPAL.

My question being: Do any of these merchants actually KEEP the fucking btc?

as a user of bitcoin, i really dont give a shit if they hold a % of the coins or not.

the point is that i can spend my coins there

Well, you basically may spend your coins almost anywhere if you ask on #bitcoin-otc

[adamstgBit]

When people announce "X accepts bitcoin! Pmg!" does this usually just mean that they have started using bitpay? Because if that's all that happens, we are effectively just making the world's largest middle man, not too different from say....PAYPAL.

My question being: Do any of these merchants actually KEEP the fucking btc?

as a user of bitcoin, i really dont give a shit if they hold a % of the coins or not.

the point is that i can spend my coins there

Well, you basically may spend your coins almost anywhere if you ask on #bitcoin-otc

but i'm lazy, i want to click buy now see an address and send funds.

[JorgeStolfi]

eBay to allow Bitcoin from 10th February (?)
http://rumorscity.com/2014/01/18/ebay-to-allow-bitcoin-from-10th-february/

I understand that eBay will allow buy/sell cryptocoins ads, but will not use Bitcoin themselves.

How much will it cost to place an ad in that section?

That Classified Ads section will probably be a very slow and very inefficient cryptocoin exchange.  

Is there trade in other commodities going through eBay?

[edited for typos]

[ChartBuddy]

Explanation

[fluidjax]

eBay to allow Bitcoin from 10th February (?)
http://rumorscity.com/2014/01/18/ebay-to-allow-bitcoin-from-10th-february/

I understand that eBay will allow buy/sell cryptocoins ads, but will not use Bitcoin themselves.

How much will it cost to place an ad in that section?

That Classified Ads section will probably be a very slow and very inefficient cryptocoin exchange.  

Is there trade in other commodities going through eBay?

[edited for typos]

Anything less than a basic real time exchange is simply a joke, ebay/paypal have a massive opportunity to corner the world crypto exchange market.  

[aminorex]

When people announce "X accepts bitcoin! Pmg!" does this usually just mean that they have started using bitpay? Because if that's all that happens, we are effectively just making the world's largest middle man, not too different from say....PAYPAL.

My question being: Do any of these merchants actually KEEP the fucking btc?

not a significant number, no.  that is a good thing.

currency is rather different from hard goods.  its value is not derived from stock levels, but from flow.  no flow, no value.  long term holders don't care much about the price, which is a temporary condition resulting from instantaneous supply and demand.  they care more about value, which is a long term attractor of price, and determines the sustainable price levels.

[macsga]

Without -at least basic- legal regulation, expect nothing more than "good will" from ebay/Paypal. They're not fools. They know what's at stake. They hesitate only about the regulating part. I expect more from the Winklevoss ETF, which will be (at very best) online at about a couple of weeks from now. After that forget China. Big boys will take over...

Remember: Only the beginning is difficult.

[solex]

but what if china is not what is keeping the market down? this has been my thinking all along...

what if bears are bearish for no particular reason 

 

What if the bears are only pretending to be bearish, scaring people to sell, so they can buy in cheaper as they are really all bulls!

[joshraban76]

but what if china is not what is keeping the market down? this has been my thinking all along...

what if bears are bearish for no particular reason  

 

What if the bears are only pretending to be bearish, scaring people to sell, so they can buy in cheaper as they are really all bulls!

whatever the intention, the bears always want to buy [cheaper than present]. that is the definition of a bear. easily forgotten on this forum.

[virtualfaqs]

Without -at least basic- legal regulation, expect nothing more than "good will" from ebay/Paypal. They're not fools. They know what's at stake. They hesitate only about the regulating part. I expect more from the Winklevoss ETF, which will be (at very best) online at about a couple of weeks from now. After that forget China. Big boys will take over...

Remember: Only the beginning is difficult.

I'm more curious whether they will set up escrow in their virtual auction category. If they do that and waive all chargeback fees against the seller, we could have a real awesome exchange. Somehow I doubt it though.

[pjviitas]

When people announce "X accepts bitcoin! Pmg!" does this usually just mean that they have started using bitpay? Because if that's all that happens, we are effectively just making the world's largest middle man, not too different from say....PAYPAL.

My question being: Do any of these merchants actually KEEP the fucking btc?

not a significant number, no.  that is a good thing.

currency is rather different from hard goods.  its value is not derived from stock levels, but from flow.  no flow, no value.  long term holders don't care much about the price, which is a temporary condition resulting from instantaneous supply and demand.  they care more about value, which is a long term attractor of price, and determines the sustainable price levels.

Bitpay..Paypal...blah blah blah...they are all just banks that offer a currency exchange service.  I mean many times a currency exchange also offers banking services.  Get an account at one of the Bitcoin exchanges and you will find that out real quick.

I think that what this kind of news really shows is how the currency exchanges out there have been making a $%^&#$% killing on planet wide currency transactions.

So there is really nothing new here...if you want to move currency from one form to another be prepared to pay.

Regarding "X accepting bitcoin" what they hold has more to do with who their bank is more than anything.  When 51% of their transactions end up being in Bitcoin, be prepared for some of these "X's" to cut out the banks and the exchanges...hire some bank and exchange peeps of their own...and be their own bank...just like the rest of us Bitcoin holders.

[mellowyellow]

eBay to allow Bitcoin from 10th February (?)
http://rumorscity.com/2014/01/18/ebay-to-allow-bitcoin-from-10th-february/

I understand that eBay will allow buy/sell cryptocoins ads, but will not use Bitcoin themselves.

How much will it cost to place an ad in that section?

That Classified Ads section will probably be a very slow and very inefficient cryptocoin exchange.  

Is there trade in other commodities going through eBay?

[edited for typos]

People have been selling bitcoin there already, I know someone who bought some there as Xmas presents (& yes they were at a ridiculous price, but quick and easy).

[manfred]

Talking about quick and easy
http://www.expresscoin.com/