billyjoeallen
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Activity: 1106
Merit: 1007
Hide your women
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January 23, 2014, 06:55:24 PM |
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It'll be interesting when OS's suppliers also start accepting BTC and they won't need to cash out. For every $100,000/day get's trapped in the bitcoin system with no cashout, it supports a price increase of $27/BTC.
That's clearly sustainable  more or less sustainable than a fiat world reserve currency from a country that runs trillion dollar deficits? |
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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pietje
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January 23, 2014, 06:56:11 PM |
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Could be wrong, but something tells me we are gearing up for the mother of all weekends.
that should be the fallowing weekend once US and China have both made there feelings about bitcoin clear. Yea next weekend is going the be THE weekend for btc. |
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macsga
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Activity: 1484
Merit: 1002
Strange, yet attractive.
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January 23, 2014, 06:56:42 PM
Last edit: July 12, 2015, 02:25:52 PM by macsga |
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I'm BACK! CCMF time!!Just quoting this for reference... 
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DaRude
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Activity: 2788
Merit: 1815
In order to dump coins one must have coins
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January 23, 2014, 07:00:53 PM |
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There's always 2 things to watch for when a new merchant jumps on the bandwagon:
1. Are they using a 3rd party processor?
2. Are they advertising it on their homepage? Now the Tigerdirect.com one is absolutely huge. But is Tigerdirect.com get less traffic than Overstock? But if you don't take the time to understand the refund policies, you may just stick with credit card if you're not interested in BTC.
Frankly don't see why any major merchant would NOT use 3rd party processor right now? They can't pay their suppliers with BTC, and unless they're a bank they're not in the business of currency exchange. It's not their core business so why would they take on additional liability/risk of holding on to BTC? That wouldn't fly well with stock holders either. |
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DaRude
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Activity: 2788
Merit: 1815
In order to dump coins one must have coins
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January 23, 2014, 07:02:06 PM |
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[some dunning-kreugerish contemptuous nonsense]
and one more for the ignorance is bliss column. bye bye x2 |
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 23, 2014, 07:02:46 PM |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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January 23, 2014, 07:05:41 PM |
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I'm BACK!
CCMF time!!
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proudhon
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Activity: 2198
Merit: 1311
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January 23, 2014, 07:11:11 PM |
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I'm BACK!
CCMF time!!
Yes indeed, our maximally leveraged SHOTR positions are about to take off like a flying time train. Prepare your minds people. |
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mestar
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January 23, 2014, 07:11:48 PM |
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It'll be interesting when OS's suppliers also start accepting BTC and they won't need to cash out. For every $100,000/day get's trapped in the bitcoin system with no cashout, it supports a price increase of $27/BTC.
I almost didn't see that /day clause. What is so special about Operating System suppliers? |
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bull1692
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Activity: 27
Merit: 0
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January 23, 2014, 07:12:12 PM |
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Any speculation why the weekend dips switched to weekend rallies?
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donut
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January 23, 2014, 07:12:42 PM |
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Overstock It'll be interesting when OS's suppliers also start accepting BTC and they won't need to cash out. For every $100,000/day get's trapped in the bitcoin system with no cashout, it supports a price increase of $27/BTC.
I almost didn't see that /day clause. What is so special about Operating System suppliers? overstock |
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mestar
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January 23, 2014, 07:14:03 PM |
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Overstock It'll be interesting when OS's suppliers also start accepting BTC and they won't need to cash out. For every $100,000/day get's trapped in the bitcoin system with no cashout, it supports a price increase of $27/BTC.
I almost didn't see that /day clause. What is so special about Operating System suppliers? overstock Operating System suppliers are special because overstock? |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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January 23, 2014, 07:15:16 PM |
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Overstock It'll be interesting when OS's suppliers also start accepting BTC and they won't need to cash out. For every $100,000/day get's trapped in the bitcoin system with no cashout, it supports a price increase of $27/BTC.
I almost didn't see that /day clause. What is so special about Operating System suppliers? overstock Operating System suppliers are special because overstock? LOL no. OS = overstock |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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January 23, 2014, 07:16:53 PM |
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Overstock It'll be interesting when OS's suppliers also start accepting BTC and they won't need to cash out. For every $100,000/day get's trapped in the bitcoin system with no cashout, it supports a price increase of $27/BTC.
I almost didn't see that /day clause. What is so special about Operating System suppliers? overstock Operating System suppliers are special because overstock? LOL no. OS = overstock who supplies overstock anyway outofstock? |
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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January 23, 2014, 07:24:42 PM |
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Any speculation why the weekend dips switched to weekend rallies?
We like to mix it up for the fun of it. Keeps you guessing. seriously, originally the weekday rallies petered out on weekends causing dips because banks were close and nobody could get money to the exchanges. Then people started noticing this and stockpiled fiat looking to scoop up bargains. If the dip didn't come or didn't go low enough, it effectively short-squeezed all the bargain hunters, causing a rally. So using double reverse psychology, we will go back to dips. unless we use double double reverse psychology and have another rally. |
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knarzo
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January 23, 2014, 07:25:01 PM |
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Richy_T
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Activity: 2436
Merit: 2121
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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January 23, 2014, 07:28:21 PM |
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Images of the Wall observer thread. Relive those treasured moments http://www.rtcons.com/wall/bcimages.html(Warning, likely will overload your browser) And after all that, I still didn't find the one I was looking for. |
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elg
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January 23, 2014, 07:33:22 PM |
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404
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virtualfaqs
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January 23, 2014, 07:37:45 PM |
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There's always 2 things to watch for when a new merchant jumps on the bandwagon:
1. Are they using a 3rd party processor?
2. Are they advertising it on their homepage? Now the Tigerdirect.com one is absolutely huge. But is Tigerdirect.com get less traffic than Overstock? But if you don't take the time to understand the refund policies, you may just stick with credit card if you're not interested in BTC.
Frankly don't see why any major merchant would NOT use 3rd party processor right now? They can't pay their suppliers with BTC, and unless they're a bank they're not in the business of currency exchange. It's not their core business so why would they take on additional liability/risk of holding on to BTC? That wouldn't fly well with stock holders either. That would be the typical business way of thinking. But I'm hoping there are some businesses who will think outside of the box and take that risk eventually. Find suppliers who are also willing to take BTC. Then use that as a marketing strategy for themselves and BTC. Of course merchants accepting BTC at the POS is still a step in the right direction. |
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