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

[wachtwoord]

Smart money understands that this will create more sell pressure, hence the price is dropping already. Don't be a maroon and a bag holder, cut your loose.

hmm that's actually a good point.

No, it's not. It increases usability and therefore also value. The flaw in the above is the implicit assumption that 1. only people that already own Bitcoins will spend them and 2. They won't replace them. Both 1 and 2 are incorrect.

[1715406110]

1715406110

[Schickeria]

Smart money understands that this will create more sell pressure, hence the price is dropping already. Don't be a maroon and a bag holder, cut your loose.

hmm that's actually a good point.

A better point is that 99% of all news are only good for momentum traders and they don't effect a mayor trend reversal. Is this one of the 1% news? We'll know it when entering the real resistances, and not by bouncing up in the lands of nowhere and nothing.

[seleme]

Great news everybody! Braintree will allow paypal merchants to accept fiat via coinbase who takes bitcoin! Awesome =) That worked out so well for the price with the other merchants. But this is much bigger so whatever we have seen happening to the price so far should accelerate and completely wipe out all bids. Congratulations! Bitcoin made it.

No, they are adding support for a new currency. The conversion from one currency to the other, when involve BTC, will go through coinbase. That's all.

If they link Paypal user accounts with Coinbase allowing them to buy through CB with user's PP money then... if you know what I mean..

[adamstgBit]

 

[ShroomsKit]

And down we go.
Wtf will it take to go up nowadays?

No news and people dump.
Good news and people dump a lot.
Bad news and everybody dumps as much as they can.

[ChancellorOnABrink]

Full video : http://techcrunch.com/video/cleaning-up-the-mobile-buying-experience-with-paypalbraintrees-bill-ready/518405858/

edit : Buy the rumor, sell the news but let's time to people to fully understand all the meaning

[yokosan]

LOL at the people divesting right now. Have they not heard the news?

[adamstgBit]

LOL at the people divesting right now. Have they not heard the news?

there selling the news....

[dyland]

Smart money understands that this will create more sell pressure, hence the price is dropping already. Don't be a maroon and a bag holder, cut your loose.

Don't be a racist by telling people they are a maroon, please learn the meaning of the English language. You are looking like a moron.

crap, I didn't even realize the use he intended on this.

yeah man, -1 on the racist remark, but I still find the argument that this may put sell pressure on the back-end interesting.

[Sandia]

And down we go.
Wtf will it take to go up nowadays?

No news and people dump.
Good news and people dump a lot.
Bad news and everybody dumps as much as they can.

Wait a few hours.  I actually have a positive feeling.  This might be the last dump.

[ShroomsKit]

Look at these idiots go! The best news in months and they start panic selling.
Bitcoin traders. Total fucking idiots. Excuse my French.

[bassclef]

The news hasn't really broken on any major outlets... "buy the rumor sell the news" may not even apply here. Good luck speculators.

[esse83]

Great news everybody! Braintree will allow paypal merchants to accept fiat via coinbase who takes bitcoin! Awesome =) That worked out so well for the price with the other merchants. But this is much bigger so whatever we have seen happening to the price so far should accelerate and completely wipe out all bids. Congratulations! Bitcoin made it.

No, they are adding support for a new currency. The conversion from one currency to the other, when involve BTC, will go through coinbase. That's all.

Yeah, what's the difference from newegg adding it? When I buy something using Braintree bitcoin is sold on coinbase, fiat is then sent to Braintree and then finally Braintree sends this money to the merchant. Sounds revolutionary.

[ShroomsKit]

The news hasn't really broken on any major outlets... "buy the rumor sell the news" may not even apply here. Good luck speculators.

Buy the rumor sell the news is completely idiotic.

[yokosan]

The news hasn't really broken on any major outlets... "buy the rumor sell the news" may not even apply here. Good luck speculators.

Buy the rumor sell the news is completely idiotic.

He has a point though... we are in this fucking industry... we are the people that know before everybody else.

When this is on BBC, CNN, Bloomberg tomorrow or next week... that is when the news hits. This is the rumour !

[Chuckee]

Smart money understands that this will create more sell pressure, hence the price is dropping already. Don't be a maroon and a bag holder, cut your loose.

hmm that's actually a good point.

No, it's not. It increases usability and therefore also value. The flaw in the above is the implicit assumption that 1. only people that already own Bitcoins will spend them and 2. They won't replace them. Both 1 and 2 are incorrect.

It increases usability for holders, not mainstream shoppers online. Bitcoiners BEGGED paypal to accept bitcoin, so they have relented. It makes sense, why would they turn down a plea from people to take their money?

[dyland]

Smart money understands that this will create more sell pressure, hence the price is dropping already. Don't be a maroon and a bag holder, cut your loose.

hmm that's actually a good point.

No, it's not. It increases usability and therefore also value. The flaw in the above is the implicit assumption that 1. only people that already own Bitcoins will spend them and 2. They won't replace them. Both 1 and 2 are incorrect.

Ok, but does usability sine qua non increase value? I'm not so sure. I agree though I was overseeing the other points though.

[hmmkay]

Let the wannabe traders sell on the news...

Most important news, spending bitcoin will become a lot easier and widespread.

[klee]

Look at these idiots go! The best news in months and they start panic selling.
Bitcoin traders. Total fucking idiots. Excuse my French.

Please rephrase in German!  

[podyx]