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

[JayJuanGee]

if you have a fully verified coin base account that is. SO GET SPENDING. Even if you pay USD go USD to BTC to buy... it's actually cheaper that way.

How do you send USD to Coinbase/exchange/Bitpay/whatever, and what do they send to Dell -- USD, or BTC?  If USD, how do they send it?

This appears to be one of those basic retarded questions of yours that could easily be answered by yourself, if you were to buy and use bitcoins then you would possibly realize how to use them.  Of course, the customers pay in bitcoin, and then if Dell wants to convert them to fiat after the transaction, they have that fiat conversion option.

And that is the (non)answer that I get whenever I ask that question in this forum. I had to ask the same person three times (on another thread), before he understood the question (and answered it for only one special case).

I thought that I called the question stupid and I answered it...... and you are implying that you are seeking some kind of deeper and more significant meaning?  And what would that deeper and more significant meaning be?

[JorgeStolfi]

if you have a fully verified coin base account that is. SO GET SPENDING. Even if you pay USD go USD to BTC to buy... it's actually cheaper that way.

How do you send USD to Coinbase/exchange/Bitpay/whatever, and what do they send to Dell -- USD, or BTC?  If USD, how do they send it?

This appears to be one of those basic retarded questions of yours that could easily be answered by yourself, if you were to buy and use bitcoins then you would possibly realize how to use them.  Of course, the customers pay in bitcoin, and then if Dell wants to convert them to fiat after the transaction, they have that fiat conversion option.

And that is the (non)answer that I get whenever I ask that question in this forum. I had to ask the same person three times (on another thread), before he understood the question (and answered it for only one special case).

I thought that I called the question stupid and I answered it...... and you are implying that you are seeking some kind of deeper and more significant meaning?  And what would that deeper and more significant meaning be?

Yes you called the question stupid, and no you did not understand it. If "you pay USD go USD to BTC to buy", as the poster suggested, how do you send USD to Coinbase/exchange/Bitpay/whatever?

[ChartBuddy]

Explanation

[empowering]

if you have a fully verified coin base account that is. SO GET SPENDING. Even if you pay USD go USD to BTC to buy... it's actually cheaper that way.

How do you send USD to Coinbase/exchange/Bitpay/whatever, and what do they send to Dell -- USD, or BTC?  If USD, how do they send it?

This appears to be one of those basic retarded questions of yours that could easily be answered by yourself, if you were to buy and use bitcoins then you would possibly realize how to use them.  Of course, the customers pay in bitcoin, and then if Dell wants to convert them to fiat after the transaction, they have that fiat conversion option.

And that is the (non)answer that I get whenever I ask that question in this forum. I had to ask the same person three times (on another thread), before he understood the question (and answered it for only one special case).

I thought that I called the question stupid and I answered it...... and you are implying that you are seeking some kind of deeper and more significant meaning?  And what would that deeper and more significant meaning be?

Yes you called the question stupid, and no you did not understand it. If "you pay USD go USD to BTC to buy", as the poster suggested, how do you send USD to Coinbase/exchange/Bitpay/whatever?

I stuff golden trinkets up my magical unicorns arse and shoo it on its way... usually works just fine for me.

[keithers]

The high and low price is becoming a tighter and tighter range...is this the calm before the storm?  Given our history, we can only be stable for so long before there's some more action...

[scarsbergholden]

The high and low price is becoming a tighter and tighter range...is this the calm before the storm?  Given our history, we can only be stable for so long before there's some more action...

Yep, bollinger bands have been pretty squeezy recently, should see a strong move soon. I just hope it's to the upside.... been holding and waiting for a breakout a few weeks now.

[ChartBuddy]

Explanation

[Adrian-x]

if you have a fully verified coin base account that is. SO GET SPENDING. Even if you pay USD go USD to BTC to buy... it's actually cheaper that way.

How do you send USD to Coinbase/exchange/Bitpay/whatever, and what do they send to Dell -- USD, or BTC?  If USD, how do they send it?

This appears to be one of those basic retarded questions of yours that could easily be answered by yourself, if you were to buy and use bitcoins then you would possibly realize how to use them.  Of course, the customers pay in bitcoin, and then if Dell wants to convert them to fiat after the transaction, they have that fiat conversion option.

And that is the (non)answer that I get whenever I ask that question in this forum. I had to ask the same person three times (on another thread), before he understood the question (and answered it for only one special case).

I thought that I called the question stupid and I answered it...... and you are implying that you are seeking some kind of deeper and more significant meaning?  And what would that deeper and more significant meaning be?

Yes you called the question stupid, and no you did not understand it. If "you pay USD go USD to BTC to buy", as the poster suggested, how do you send USD to Coinbase/exchange/Bitpay/whatever?

Jorge I believe one bank gets another bank to change some numbers on a computer and then another entity verifies that both party's agree then they charge a fee for doing this. All party's involved have to comply with government regulations to ensure no one is cheating. Once you understand how the system works with $, you're going to love how simply it works with Bitcoin.

[empowering]

Jorge I believe one bank gets another bank to change some numbers on a computer and then another entity verifies that both party's agree then they charge a fee for doing this. All party's involved have to comply with government regulations to ensure no one is cheating. Once you understand how the system works with $, you're going to love how simply it works with Bitcoin.

[Adrian-x]

To the economics of how all this fiat converting in and out of Bitcoin works out to benefit the consumer and the retailer turns out to be a lot of interesting maths. In effect the Bitcoin payment networks are not in the business of payment networks but in the business of managing supply and demand of a finite digital commodity. The payment network is how they get Bitcoin and other data which they use for business.

Edit
It doesn't always work out in favor of the consumer, some times the consumer is screwed on the buying Bitcoin side (coinbase has a bad reputation here during big price swings.)

But while there is demand for Bitcoin everything is good.

[empowering]

So basically  I should stop taking LSD and leave my neighbours horse alone.... this also explains why I have less Bitcoins than I thought...Banks you say?
who would have thought...

[ChartBuddy]

Explanation

[keithers]

The high and low price is becoming a tighter and tighter range...is this the calm before the storm?  Given our history, we can only be stable for so long before there's some more action...

Yep, bollinger bands have been pretty squeezy recently, should see a strong move soon. I just hope it's to the upside.... been holding and waiting for a breakout a few weeks now.

Yeah, I believe the last time we were stable for a good amount of time we ended up flash crashing...so hopefully this is the opposite this time around

[BuildTheFuture]

I noticed the 7 day average bitcoin days destroyed chart at blockchain.info is once again down at a very low level. The past couple times it got down this low was back in May and June right before rallies.

[Argwai96]

The high and low price is becoming a tighter and tighter range...is this the calm before the storm?  Given our history, we can only be stable for so long before there's some more action...

Yep, bollinger bands have been pretty squeezy recently, should see a strong move soon. I just hope it's to the upside.... been holding and waiting for a breakout a few weeks now.

Yeah, I believe the last time we were stable for a good amount of time we ended up flash crashing...so hopefully this is the opposite this time around

Which time was that? Price volatility has really died generally the past couple months. Price action right now reminds me of the $440-450 level, tbh, but I don't want to get my hopes up, either.

[ChartBuddy]

Explanation

[JorgeStolfi]

If "you pay USD go USD to BTC to buy", as the poster suggested, how do you send USD to Coinbase/exchange/Bitpay/whatever?

Jorge I believe one bank gets another bank to change some numbers on a computer and then another entity verifies that both party's agree then they charge a fee for doing this. All party's involved have to comply with government regulations to ensure no one is cheating. Once you understand how the system works with $, you're going to love how simply it works with Bitcoin.

Congratulations, you are already stepping onto the answer to my question, you just have to look at it.  Right between "agree then" and "All party's". 

[Richy_T]

merchants would not convert btc>fiat using public exchanges anyway.

Is that correct?  AFAIK, only some merchants (like Overstock) opt to receive bitcoins directly.  Usually, when you buy "with bitcoin" through services like BitPay, they give dollars to the merchant and sell your coins at some exchange.  Didn't BitPay say that they used Bitstamp, specifically, some time ago?  Isn't Dell using such a service?

I think it would be foolish to assume that.  Dell is a private company.  He can take what he likes.  If he is bullish on bitcoin - and Michael Dell is sufficiently tech-savvy to be quite bullish on bitcoin - then it is a clever way to gain bitcoin without driving up the price on an exchange.

If you're crazy rich, Bitcoin is actually pretty low risk, incredibly high reward.

At least until you get into Winklevos territory

[Richy_T]

It's a closing pennant pattern. July 24 to August 1, I say. But I may BULL-shit you, as I usually do...

There is to much bull on this forum. It has become unbearable. 

Im really sorry for that joke. Please understand that I am just trying to keep Chartbuddys post count percentage down.

One day soon, I'll write something that will go back and delete all Chartbuddy's previous posts. Then we'll see some tears on this thread.

For anyone at the Chicago conference, yes, I am the Rich was shaking hands tonight. Be kind to me, I'm not a networking kind of guy.

[Richy_T]

I don't really find anything wrong with random picking of dates in order to suggest that btc prices are going to skyrocket.  Yet, I am more bothered when posters are elated in the event that their date is correct.  If they are correct, it becomes a big "so what?" b/c the poster happened to guess correctly.  

I anticipate that the rocket date could be anywhere between 1 hour from now to 12 months, and I rest much more assured being in BTC, to be prepared when that seemingly inevitable rocket date comes.

July 24th. ChartBuddy says so and have you ever known ChartBuddy to be wrong?

Seriously though, I was totally blindsided by November. I got home from my commute and insanity was in progress. I threw bitcoinity up on the TV and sat there with my mouth open. I don't rule anything out any more and think almost all analysis is questionable at best.

Still, 24th it is.