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

[T.Stuart]

None of these companies are going to accept bitcoins directly. Payment through a payment processor is not bullish. It indirectly causes selling pressure on exchanges.

The reasons we didn't see much selling pressure after Overstock is because so few are actually buying things with bitcoin. Overstock did 500k sales total since Jan 9. 125k was on the first day... That is a huge dropoff. Bitcoin = failcurrency.

Don't you think you've heard this point quite a few times already but that it doesn't actually add up?

If people pay with Bitcoin then that means they will buy Bitcoin to begin with.

And for all those who decide to buy some Bitcoin, perhaps spurred on by the fact that they learn they can spend it at Overstock, Ebay and many other places, how many do you think will buy some and then immediately spend all of it? Almost no-body.

Merchants adopting Bitcoin will lead to more and more new customer wallets, the owners of most of which will buy more Bitcoin than they need to spend immediately, leading to more and more fiat moving to Bitcoin over the long term.

Why can't anyone follow the merchant-adoption idea to its logical conclusion - More Bitcoin will be bought than spent.

[1714023090]

1714023090

[fonzie]

Did you guys see this already?

http://www.c[Suspicious link removed]m/id/101356642

Ebay and Paypal considering (decision pending) bitcoin for all payments!!!

EDIT: meaning payments for anything

I´ve just read that google is also thinking about bitcoin as payment method. But its not official.

Anybody else waiting for an January 31st price drop because of China?

I´ve also readed that FIAT is collapsing soon and a new crisis will happen. Looks like a good time to get in Bitcoin... Or not, who knows

Yes i am waiting for china crash bitcoin b4 buying, but I'm starting to worry that china will not flat out ban bitcoin.

FIAT has been collapsing soon for years now.... where did you read this?

I´ve read it on some conspiracy theory blogs so it is a 50/50 news. It also says that China will start WWIII soon to hide that the government is transfering all their money to foreign countries and such stuff.

EDIT: It´s german

http://www.epochtimes.de/China-plant-3-Weltkrieg-um-Regime-zu-retten-a1124391.html

http://info.kopp-verlag.de/hintergruende/wirtschaft-und-finanzen/michael-snyder/die-chinesische-23-billionen-dollar-blase-steht-unmittelbar-vor-dem-platzen-droht-nun-eine-weltwei.html

China crisis on January 31

Do they have an exact date when reptiloids are going to take over?

[DaRude]

It bewilders me to see such a stable price. BTC was $806 on Jan 9th when overstock made their announcement and now after tigerdirect goes the price is... still $806. We're going main stream acceptance from proof of concept, major retailers jumping on board. Oh well when i can't explain the bears i buy  strapping in for the weekend (it's like XMAS can't wait for it to get here)

[adamstgBit]

Did you guys see this already?

http://www.c[Suspicious link removed]m/id/101356642

Ebay and Paypal considering (decision pending) bitcoin for all payments!!!

EDIT: meaning payments for anything

I´ve just read that google is also thinking about bitcoin as payment method. But its not official.

Anybody else waiting for an January 31st price drop because of China?

I´ve also readed that FIAT is collapsing soon and a new crisis will happen. Looks like a good time to get in Bitcoin... Or not, who knows

Yes i am waiting for china crash bitcoin b4 buying, but I'm starting to worry that china will not flat out ban bitcoin.

FIAT has been collapsing soon for years now.... where did you read this?

I´ve read it on some conspiracy theory blogs so it is a 50/50 news. It also says that China will start WWIII soon to hide that the government is transfering all their money to foreign countries and such stuff.

EDIT: It´s german

http://www.epochtimes.de/China-plant-3-Weltkrieg-um-Regime-zu-retten-a1124391.html

http://info.kopp-verlag.de/hintergruende/wirtschaft-und-finanzen/michael-snyder/die-chinesische-23-billionen-dollar-blase-steht-unmittelbar-vor-dem-platzen-droht-nun-eine-weltwei.html

China crisis on January 31

Do they have an exact date when reptiloids are going to take over?

stardate 420.666 of course

[BitChick]

None of these companies are going to accept bitcoins directly. Payment through a payment processor is not bullish. It indirectly causes selling pressure on exchanges.

The reasons we didn't see much selling pressure after Overstock is because so few are actually buying things with bitcoin. Overstock did 500k sales total since Jan 9. 125k was on the first day... That is a huge dropoff. Bitcoin = failcurrency.

Don't you think you've heard this point quite a few times already but that it doesn't actually add up?

If people pay with Bitcoin then that means they will buy Bitcoin to begin with.

And for all those who decide to buy some Bitcoin, perhaps spurred on by the fact that they learn they can spend it at Overstock, Ebay and many other places, how many do you think will buy some and then immediately spend all of it? Almost no-body.

Merchants adopting Bitcoin will lead to more and more new customer wallets, the owners of most of which will buy more Bitcoin than they need to spend immediately, leading to more and more fiat moving to Bitcoin over the long term.

Why can't anyone follow the merchant-adoption idea to its logical conclusion - More Bitcoin will be bought than spent.

Many Bitcoin users will just replenish their BTC when making a purchase on these sites too, if they are still wanting to hold as much coins as possible.

[DaRude]

Waiting to see goats receipt from tigerdirect.com  

[UnDerDoG81]

Did you guys see this already?

http://www.c[Suspicious link removed]m/id/101356642

Ebay and Paypal considering (decision pending) bitcoin for all payments!!!

EDIT: meaning payments for anything

I´ve just read that google is also thinking about bitcoin as payment method. But its not official.

Anybody else waiting for an January 31st price drop because of China?

I´ve also readed that FIAT is collapsing soon and a new crisis will happen. Looks like a good time to get in Bitcoin... Or not, who knows

Yes i am waiting for china crash bitcoin b4 buying, but I'm starting to worry that china will not flat out ban bitcoin.

FIAT has been collapsing soon for years now.... where did you read this?

I´ve read it on some conspiracy theory blogs so it is a 50/50 news. It also says that China will start WWIII soon to hide that the government is transfering all their money to foreign countries and such stuff.

EDIT: It´s german

http://www.epochtimes.de/China-plant-3-Weltkrieg-um-Regime-zu-retten-a1124391.html

http://info.kopp-verlag.de/hintergruende/wirtschaft-und-finanzen/michael-snyder/die-chinesische-23-billionen-dollar-blase-steht-unmittelbar-vor-dem-platzen-droht-nun-eine-weltwei.html

China crisis on January 31

Do they have an exact date when reptiloids are going to take over?

Sometimes they see the future But sometimes it´s panic news and bullshit I know. But I also see a WWIII coming.

[ShroomsKit]

Did you guys see this already?

http://www.cnbc.com/id/101356642

Ebay and Paypal considering (decision pending) bitcoin for all payments!!!

EDIT: meaning payments for anything

I´ve just read that google is also thinking about bitcoin as payment method. But its not official.

Anybody else waiting for an January 31st price drop because of China?

I´ve also readed that FIAT is collapsing soon and a new crisis will happen. Looks like a good time to get in Bitcoin... Or not, who knows

Yes i am waiting for china crash bitcoin b4 buying, but I'm starting to worry that china will not flat out ban bitcoin.

FIAT has been collapsing soon for years now.... where did you read this?

I´ve read it on some conspiracy theory blogs so it is a 50/50 news. It also says that China will start WWIII soon to hide that the government is transfering all their money to foreign countries and such stuff.

EDIT: It´s german

http://www.epochtimes.de/China-plant-3-Weltkrieg-um-Regime-zu-retten-a1124391.html

http://info.kopp-verlag.de/hintergruende/wirtschaft-und-finanzen/michael-snyder/die-chinesische-23-billionen-dollar-blase-steht-unmittelbar-vor-dem-platzen-droht-nun-eine-weltwei.html

China crisis on January 31

50/50 news? More like 99% bullshit. And i love how you post it here as if it's a fact. Typical behaviour of you conspiracy nutters.

[ShroomsKit]

I used to think that the moment a company like Ebay or Amazon starts using Bitcoin the price would jump to crazy amounts. But not anymore.
It will only reach crazy highs by mass adoption and not because of news anymore imo. We're past that.

[T.Stuart]

I used to think that the moment a company like Ebay or Amazon starts using Bitcoin the price would jump to crazy amounts. But not anymore.
It will only reach crazy highs by mass adoption and not because of news anymore imo. We're past that.

Well how is adoption going to happen? Terribly sorry if Ebay, Google etc, aren't enough for you!  He he  

[billyjoeallen]

None of these companies are going to accept bitcoins directly. Payment through a payment processor is not bullish. It indirectly causes selling pressure on exchanges.

The reasons we didn't see much selling pressure after Overstock is because so few are actually buying things with bitcoin. Overstock did 500k sales total since Jan 9. 125k was on the first day... That is a huge dropoff. Bitcoin = failcurrency.

Don't you think you've heard this point quite a few times already but that it doesn't actually add up?

If people pay with Bitcoin then that means they will buy Bitcoin to begin with.

And for all those who decide to buy some Bitcoin, perhaps spurred on by the fact that they learn they can spend it at Overstock, Ebay and many other places, how many do you think will buy some and then immediately spend all of it? Almost no-body.

Merchants adopting Bitcoin will lead to more and more new customer wallets, the owners of most of which will buy more Bitcoin than they need to spend immediately, leading to more and more fiat moving to Bitcoin over the long term.

Why can't anyone follow the merchant-adoption idea to its logical conclusion - More Bitcoin will be bought than spent.

They know that, but some of the day traders here are in full FUD mode going into the weekend hoping to ignite a panic sell-off so they can buy on the cheap.  It's getting kinda hard to dismiss all the good news rolling in daily. Two kinds of traders: the kind that profit from volatility and reduce volatility are good for bitcoin. The kind that intentionally increase volatility so they can profit from it are bad for Bitcoin. Doesn't really matter much. It's a much less fragile system than it gets credit for.

[T.Stuart]

They know that, but some of the day traders here are in full FUD mode going into the weekend hoping to ignite a panic sell-off so they can buy on the cheap.  It's getting kinda hard to dismiss all the good news rolling in daily. Two kinds of traders: the kind that profit from volatility and reduce volatility are good for bitcoin. The kind that intentionally increase volatility so they can profit from it are bad for Bitcoin. Doesn't really matter much. It's a much less fragile system than it gets credit for.

I'm happy to have learned that point and I feel lucky to have been able to pick it up quite quickly compared to many in here.

[ShroomsKit]

I used to think that the moment a company like Ebay or Amazon starts using Bitcoin the price would jump to crazy amounts. But not anymore.
It will only reach crazy highs by mass adoption and not because of news anymore imo. We're past that.

Well how is adoption going to happen? Terribly sorry if Ebay, Google etc, aren't enough for you!  He he  

Of course exactly like that. I'm just saying it won't be the news itself anymore. Either way is fine with me

[DaRude]

I used to think that the moment a company like Ebay or Amazon starts using Bitcoin the price would jump to crazy amounts. But not anymore.
It will only reach crazy highs by mass adoption and not because of news anymore imo. We're past that.

What does mass adoption mean for you? Or you just trollin'

[adamstgBit]

I used to think that the moment a company like Ebay or Amazon starts using Bitcoin the price would jump to crazy amounts. But not anymore.
It will only reach crazy highs by mass adoption and not because of news anymore imo. We're past that.

What does mass adoption mean for you? Or you just trollin'

everyone all over the world uses nothing but bitcoin to do anything money realated

1BTC = 1 million oz of gold.

[UnDerDoG81]

50/50 news? More like 99% bullshit. And i love how you post it here as if it's a fact. Typical behaviour of you conspiracy nutters.

You are an exact example of what American politicians wants. Believe only our news. Everything else is conspiracy theory and BS. Sure and true, Irak and Saddam has mass destruction weapons. Assad has chemical weapons. And there are many more examples how wrong the "real world news" were.

[BitChick]

I used to think that the moment a company like Ebay or Amazon starts using Bitcoin the price would jump to crazy amounts. But not anymore.
It will only reach crazy highs by mass adoption and not because of news anymore imo. We're past that.

I think that merchants adopting BTC won't change the price too drastically.  However, when more funds on Wall Street are opened, that is when the price will skyrocket, IMHO.

[DaRude]

I used to think that the moment a company like Ebay or Amazon starts using Bitcoin the price would jump to crazy amounts. But not anymore.
It will only reach crazy highs by mass adoption and not because of news anymore imo. We're past that.

What does mass adoption mean for you? Or you just trollin'

everyone all over the world uses nothing but bitcoin to do anything money realated

1BTC = 1 million oz of gold.

Baby steps Adam. Think we're on a right path. Lets see how long bears can hold us down with China FUD

[billyjoeallen]

Many Bitcoin users will just replenish their BTC when making a purchase on these sites too, if they are still wanting to hold as much coins as possible.

Overstock might be surprised at how much new business they get when bitcoin goes up significantly. Buying stuff may be the best way to take profits from a tax avoidance standpoint. I'm planning a whole bunch of purchases myself.

[MikeH]

50/50 news? More like 99% bullshit. And i love how you post it here as if it's a fact. Typical behaviour of you conspiracy nutters.

You are an exact example of what American politicians wants. Believe only our news. Everything else is conspiracy theory and BS. Sure and true, Irak and Saddam has mass destruction weapons. Assad has chemical weapons. And there are many more examples how wrong the "real world news" were.

+1 it's fucking annoying that brainwashed tards still use the term conspiracy nuts when if they just took the time to look up some of these 'theories' they'll find substantial proof to a lot of them - they just don't get reported in the controlled media.