Torque
Legendary
Offline
Activity: 3710
Merit: 5286
|
|
September 08, 2014, 04:24:12 PM |
|
I got erection after watching that Paypal video.
Ladies and gentlemen, it looks we made it.
Ummm... not creepy?
|
|
|
|
ShroomsKit_Disgrace
Legendary
Offline
Activity: 952
Merit: 1000
Yeah! I hate ShroomsKit!
|
|
September 08, 2014, 04:25:16 PM |
|
OMG!!! Everybody is so optimistic here! Time to sell all my stake, dumps incoming.
|
|
|
|
|
hyphymikey
|
|
September 08, 2014, 04:26:28 PM |
|
I have just read the news, let's see if it will have a great impact on the price!
Overstock news, price continues sliding. Expedia news, price continues sliding. NewEgg news, price continues sliding. .... PayPal news, price explodes upwards? Oh totally.. Overstock, Expedia, and Newegg are retail places that SELL the coins people spend, PayPal is person to person where people have to BUY bitcoin to send. Not all of those people will then sell coins, therefore there would be buying pressure where with the other there is selling. It's not that hard to understand.
|
|
|
|
Hunyadi
Legendary
Offline
Activity: 1281
Merit: 1000
☑ ♟ ☐ ♚
|
|
September 08, 2014, 04:28:03 PM |
|
|
|
|
|
ShroomsKit_Disgrace
Legendary
Offline
Activity: 952
Merit: 1000
Yeah! I hate ShroomsKit!
|
|
September 08, 2014, 04:30:34 PM |
|
Hey Fellows! Help me here, I want to remember a famous quote of Nerraw Tteffub or something similar. It begins with "be fearful when...."
|
|
|
|
Torque
Legendary
Offline
Activity: 3710
Merit: 5286
|
|
September 08, 2014, 04:32:40 PM |
|
Overstock, Expedia, and Newegg are retail places that SELL the coins people spend, PayPal is person to person where people have to BUY bitcoin to send. Not all of those people will then sell coins, therefore there would be buying pressure where with the other there is selling.
It's not that hard to understand.
Thanks for explaining these complex mechanics to me, with all my years of advanced computer science and economics knowledge I never would have come to this conclusion on my own. Let's chat more about this in a few days, weeks, or even months, when the price has exploded upwards like you said because of this seemingly earth-shattering bitcoin news. Mmmmkay? /s
|
|
|
|
hyphymikey
|
|
September 08, 2014, 04:32:58 PM |
|
Hey Fellows! Help me here, I want to remember a famous quote of Nerraw Tteffub or something similar. It begins with "be fearful when...." ....when 1% of the people are greedy" ? Not everybody has bitcoin. Yet.
|
|
|
|
hyphymikey
|
|
September 08, 2014, 04:34:21 PM |
|
Overstock, Expedia, and Newegg are retail places that SELL the coins people spend, PayPal is person to person where people have to BUY bitcoin to send. Not all of those people will then sell coins, therefore there would be buying pressure where with the other there is selling.
It's not that hard to understand.
Thanks for explaining these complex mechanics to me, with all my years of advanced computer science and economics knowledge I never would have come to this conclusion on my own. Let's chat more about this in a few days, weeks, or even months, when the price has exploded upwards like you said because of this seemingly earth-shattering bitcoin news. Mmmmkay? /s Where did I say the price will explode upwards? You sure aren't that smart that you don't even know what I said. Lol
|
|
|
|
grappa_barricata
Full Member
Offline
Activity: 154
Merit: 100
playing pasta and eating mandolinos
|
|
September 08, 2014, 04:34:45 PM |
|
Hey Fellows! Help me here, I want to remember a famous quote of Nerraw Tteffub or something similar. It begins with "be fearful when...." Be fearful when Jack Nicholson is running toward you with an axe.
|
|
|
|
Torque
Legendary
Offline
Activity: 3710
Merit: 5286
|
|
September 08, 2014, 04:35:24 PM |
|
Overstock, Expedia, and Newegg are retail places that SELL the coins people spend, PayPal is person to person where people have to BUY bitcoin to send. Not all of those people will then sell coins, therefore there would be buying pressure where with the other there is selling.
It's not that hard to understand.
Thanks for explaining these complex mechanics to me, with all my years of advanced computer science and economics knowledge I never would have come to this conclusion on my own. Let's chat more about this in a few days, weeks, or even months, when the price has exploded upwards like you said because of this seemingly earth-shattering bitcoin news. Mmmmkay? /s Where did I say the price will explode upwards? You sure aren't that smart that you don't even know what I said. Lol That was your implication. And you are wrong, people have to BUY bitcoin first before they can spend it Overstock, Expedia, and NewEgg as well. In all cases, someone has to buy bitcoin first before spending or sending. So like I said, adoption by Overstock, Expedia, and NewEgg had no affect price moving upwards, in fact the opposite.
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
|
September 08, 2014, 04:38:06 PM |
|
Overstock, Expedia, and Newegg are retail places that SELL the coins people spend, PayPal is person to person where people have to BUY bitcoin to send. Not all of those people will then sell coins, therefore there would be buying pressure where with the other there is selling.
It's not that hard to understand.
Thanks for explaining these complex mechanics to me, with all my years of advanced computer science and economics knowledge I never would have come to this conclusion on my own. Let's chat more about this in a few days, weeks, or even months, when the price has exploded upwards like you said because of this seemingly earth-shattering bitcoin news. Mmmmkay? /s Where did I say the price will explode upwards? You sure aren't that smart that you don't even know what I said. Lol That was your implication. And you are wrong, people have to BUY bitcoin first before they can spend it Overstock, Expedia, and NewEgg as well. In all cases, you have to buy bitcoin first before spending or sending. the poeple spending coins and the poeple buying them are not the same poeple.
|
|
|
|
derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
|
|
September 08, 2014, 04:38:49 PM |
|
Meanwhile it's 7.5k BTC on stamp to even get to $500.
Heavy ask side usually means we're going up and vice versa Nope. That only applies if the direction of movement is where the walls are. E.g. if the price is dropping and there are bidwalls, this is normal. If the price is dropping and there are ask walls... That is very bad. Plus, that's not a predictor of any sort.
|
|
|
|
|
thefunkybits
Legendary
Offline
Activity: 1218
Merit: 1000
|
|
September 08, 2014, 04:39:22 PM |
|
Orderbook is looking nasty but at least 1000 BTC have filled in since todays lows (456)...time to munch?
|
|
|
|
Sandia
|
|
September 08, 2014, 04:39:36 PM |
|
PayPal news breaks, 435 new shorts open in the last hour.
|
|
|
|
gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
|
|
September 08, 2014, 04:41:52 PM |
|
I have just read the news, let's see if it will have a great impact on the price!
Overstock news, price continues sliding. Expedia news, price continues sliding. NewEgg news, price continues sliding. .... PayPal news, price explodes upwards? Oh totally.. Overstock, Expedia, and Newegg are retail places that SELL the coins people spend, PayPal is person to person where people have to BUY bitcoin to send. Not all of those people will then sell coins, therefore there would be buying pressure where with the other there is selling. It's not that hard to understand. Keyword: Tap to Spend Bitcoin.. No mention of Buy from Fiat, only Sell..Hello Bitpay clone How paypal plans to boost its business while depressing Btc price. Double Win..
|
|
|
|
grappa_barricata
Full Member
Offline
Activity: 154
Merit: 100
playing pasta and eating mandolinos
|
|
September 08, 2014, 04:42:58 PM |
|
PayPal news breaks, 435 new shorts open in the last hour. Margin limit orders were in the ask book, and when the spike happened they were executed, thus borrowing btc and making total shorts higher.
|
|
|
|
hyphymikey
|
|
September 08, 2014, 04:45:55 PM |
|
Overstock, Expedia, and Newegg are retail places that SELL the coins people spend, PayPal is person to person where people have to BUY bitcoin to send. Not all of those people will then sell coins, therefore there would be buying pressure where with the other there is selling.
It's not that hard to understand.
Thanks for explaining these complex mechanics to me, with all my years of advanced computer science and economics knowledge I never would have come to this conclusion on my own. Let's chat more about this in a few days, weeks, or even months, when the price has exploded upwards like you said because of this seemingly earth-shattering bitcoin news. Mmmmkay? /s Where did I say the price will explode upwards? You sure aren't that smart that you don't even know what I said. Lol That was your implication. And you are wrong, people have to BUY bitcoin first before they can spend it Overstock, Expedia, and NewEgg as well. In all cases, someone has to buy bitcoin first before spending or sending. So like I said, adoption by Overstock, Expedia, and NewEgg had no affect price moving upwards, in fact the opposite. I spent coins on newegg and overstock that I bought at $18. Therefore I created only selling pressure because these retailers immediately sell for fiat. When I send someone coins in the future through paypal, they will most likely keep those coins because every paypal customer will accept them, so why sell and convert for no reason? These people will then realize how easy and cool bitcoin is and then buy more. All of the huge buyers and sellers on eBay and the likes will want to use to bitcoin for obvious reasons and they will buy themselves. This is completely opposite of the newegg, Expedia and overstock deal. So you are wrong my friend. No doubt about it.
|
|
|
|
hyphymikey
|
|
September 08, 2014, 04:48:32 PM |
|
I have just read the news, let's see if it will have a great impact on the price!
Overstock news, price continues sliding. Expedia news, price continues sliding. NewEgg news, price continues sliding. .... PayPal news, price explodes upwards? Oh totally.. Overstock, Expedia, and Newegg are retail places that SELL the coins people spend, PayPal is person to person where people have to BUY bitcoin to send. Not all of those people will then sell coins, therefore there would be buying pressure where with the other there is selling. It's not that hard to understand. Keyword: Tap to Spend Bitcoin.. No mention of Buy from Fiat, only Sell..Hello Bitpay clone How paypal plans to boost its business while depressing Btc price. Double Win.. How is this a bitpay clone when paypal never receives a coin? The coins go from person to person!
|
|
|
|
|