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

[bitcoin_purist]

I'm confused.

Maybe this video where you can ear crystal clear bitcoin at least 20 times will fix that

Oh, my god....

I'm afraid I am not able to sleep for days...

[bitcoinvest]

I'm confused.

Maybe this video where you can ear crystal clear bitcoin at least 20 times will fix that

Oh, my god....

I'm afraid I am not able to sleep for days...

relax and enjoy the show... it just got started

[macsga]

I'm confused.

Maybe this video where you can ear crystal clear bitcoin at least 20 times will fix that

Oh, my god....

I'm afraid I am not able to sleep for days...

relax and enjoy the show... it just got started

Just watched the techcrunch/braintree CEO's video. Those guys had it coming for at least a year. Their CEO states clearly that it's PAYPAL'S move to embrace bitcoin... Well played. VERY well played!

[bitcoinvest]

I'm confused.

Maybe this video where you can ear crystal clear bitcoin at least 20 times will fix that

Oh, my god....

I'm afraid I am not able to sleep for days...

relax and enjoy the show... it just got started

Just watched the braintree video. Those guys had it coming for at least a year. Their CEO states clearly that it's PAYPAL'S move to embrace bitcoin... Well played. VERY well played!

i'm telling you: it just got started!!!
i stucked on that also and nice to mention that....

BITCOIN DID IT!

[macsga]

I'm confused.

Maybe this video where you can ear crystal clear bitcoin at least 20 times will fix that

Oh, my god....

I'm afraid I am not able to sleep for days...

relax and enjoy the show... it just got started

Just watched the braintree video. Those guys had it coming for at least a year. Their CEO states clearly that it's PAYPAL'S move to embrace bitcoin... Well played. VERY well played!

i'm telling you: it just got started!!!
i stucked on that also and nice to mention that....

BITCOIN DID IT!

+1
I'm just staring startled since those guys were at it all those months... I mean, we were reading rumors about it, surely hoped it would happen... but still it's amazing! I believe these guys are really worth the wealth they will accomplish when their engines rev up. It's one-click tech and zero fees via bitcoin transactions will make this payment system easy as pie for everyone. Not to mention worldwide transactions. I really want to see who's next

Wow man... just wow!

[esse83]

1. There are people who don't have Bitcoin who will purchase them to purchase items
2. There are people who already own Bitcoin and use these for a purchase, who will (immediately) replace these coins by exchanging fiat.

1. Why would they use fiat to buy btc which will then be sold for fiat? Why not just skip the middle part.
2. Maybe? Maybe not..

[kurb3l]

Normally i'm a silent reader but the price swings lately - especially today - made me register for an account.
Are we really going to "da moon" because of today's news? I have been holding coins for the last two months so i would sure hope for a bit of an upswing.
Clearly PayPal is a huge payment processor and them using bitcoins is another big advertisement for bitcoin.
I'm just not sure if braintree/paypal will just act as a gateway to coinbase or what their plan is.
My understanding is that people will be abled to use their paypal account for payments in another "foreign currency", the XBT/BTC/COIN.
In that case people won't have to learn how bitcoin works. In my opinion, bitcoin will go further into the background.
PayPal will buy new coins each time someone buys a product and quickly after that the merchant will dump these coins again.
People won't need to buy coins on their own and fear a fluctuating exchange rate.
While i see the huge advantage for the non-techies, i don't think it will have a huge impact on the price.
Please share your views on this, i'm interested in your opinions.

[bitcodo]

[KFR]

1. There are people who don't have Bitcoin who will purchase them to purchase items
2. There are people who already own Bitcoin and use these for a purchase, who will (immediately) replace these coins by exchanging fiat.

1. Why would they use fiat to buy btc which will then be sold for fiat? Why not just skip the middle part.
2. Maybe? Maybe not..

1. Ease of use, fees, privacy, security, avoiding international restrictions, crossing jurisdictions, avoiding fiat exchange rates when purchasing from overseas, etc. etc.
2. Definitely, categorically and unequivocally.

I think I just got proxy trollfied.  Please ignore Jorge.  He's only here to waste people's time and to try to scare away noobs.

[grappa_barricata]

Normally i'm a silent reader but the price swings lately - especially today - made me register for an account.
Are we really going to "da moon" because of today's news? I have been holding coins for the last two months so i would sure hope for a bit of an upswing.
Clearly PayPal is a huge payment processor and them using bitcoins is another big advertisement for bitcoin.
I'm just not sure if braintree/paypal will just act as a gateway to coinbase or what their plan is.
My understanding is that people will be abled to use their paypal account for payments in another "foreign currency", the XBT/BTC/COIN.
In that case people won't have to learn how bitcoin works. In my opinion, bitcoin will go further into the background.
PayPal will buy new coins each time someone buys a product and quickly after that the merchant will dump these coins again.
People won't need to buy coins on their own and fear a fluctuating exchange rate.
While i see the huge advantage for the non-techies, i don't think it will have a huge impact on the price.
Please share your views on this, i'm interested in your opinions.

Honestly, the details are still fuzzy. The assumption that they are just going to do something like 'BitPay' is not far-fetched, nor is the one that they add BTC as a new currency. But the more i dig into this the more the former seems more probable. In my opinion, the latter would be the real deal in terms of positive price effect. I guess we'll have to wait and see what happen.

[ubercool]

1. There are people who don't have Bitcoin who will purchase them to purchase items
2. There are people who already own Bitcoin and use these for a purchase, who will (immediately) replace these coins by exchanging fiat.

1. Why would they use fiat to buy btc which will then be sold for fiat? Why not just skip the middle part.
2. Maybe? Maybe not..

Agree, because you can buy everything with fiat but with not Bitcoin.
Why they will take extra step of buying bitcoin then purchase item.

[ChartBuddy]

Explanation

[esse83]

1. There are people who don't have Bitcoin who will purchase them to purchase items
2. There are people who already own Bitcoin and use these for a purchase, who will (immediately) replace these coins by exchanging fiat.

1. Why would they use fiat to buy btc which will then be sold for fiat? Why not just skip the middle part.
2. Maybe? Maybe not..

1. Ease of use, fees, privacy, security, avoiding international restrictions, crossing jurisdictions, avoiding fiat exchange rates when purchasing from overseas, etc. etc.
2. Definitely, categorically and unequivocally.

I think I just got proxy trollfied.  Please ignore Jorge.  He's only here to waste people's time and to try to scare away noobs.

1. Well all of those things are negated because you have to deal with the banking system in the first place to get bitcoin. Actually, I would think it would be more expensive for consumers to purchase something because of the fees at the bank and coinbase.

2. Ok.. reasons would be much appreciated though.

Jorge strikes me as an intelligent guy. Scare away noobs? Why would he waste his time on that. An accomplished CS professor investing time to scare noobs.. cmon.

[Sandia]

Normally i'm a silent reader but the price swings lately - especially today - made me register for an account.
Are we really going to "da moon" because of today's news? I have been holding coins for the last two months so i would sure hope for a bit of an upswing.
Clearly PayPal is a huge payment processor and them using bitcoins is another big advertisement for bitcoin.
I'm just not sure if braintree/paypal will just act as a gateway to coinbase or what their plan is.
My understanding is that people will be abled to use their paypal account for payments in another "foreign currency", the XBT/BTC/COIN.
In that case people won't have to learn how bitcoin works. In my opinion, bitcoin will go further into the background.
PayPal will buy new coins each time someone buys a product and quickly after that the merchant will dump these coins again.
People won't need to buy coins on their own and fear a fluctuating exchange rate.
While i see the huge advantage for the non-techies, i don't think it will have a huge impact on the price.
Please share your views on this, i'm interested in your opinions.

Forget the price for a moment.  Daily and weekly price movements are noise.  Everyone who cries about companies adopting btc because it puts pressure on the price needs to get a brain that thinks more than a week in advance.

The big picture is that the future of bitcoin is adoption and usage by more and more people.  Dell, Global Payments, PayPal, etc, are all steps forward in usage.  Remittance actually works in the Philippines, at a total cost of 2% (buying, transmitting, selling, dumping cash into bank account), and other countries will follow.  None of these will have a huge short term impact on price.  But they are necessary and huge successes in the long term, and should be priced in as major stepping stones forward.

The next step is store of value, taking on the tax haven money and gold bugs.  These will have a much larger effect on price, but require more stability in price.

If you only care about the price in 6 months, hate on PayPal adoption.  If you care about the price in 2 years, cheer for PayPal adoption.  More usage, more adoption, demands a higher market cap in the future.

[coins101]

1. There are people who don't have Bitcoin who will purchase them to purchase items
2. There are people who already own Bitcoin and use these for a purchase, who will (immediately) replace these coins by exchanging fiat.

1. Why would they use fiat to buy btc which will then be sold for fiat? Why not just skip the middle part.
2. Maybe? Maybe not..

Agree, because you can buy everything with fiat but with not Bitcoin.
Why they will take extra step of buying bitcoin then purchase item.

You obviously have no comprehension that countries tend to have different fiat currencies, whilst crypto has no borders.

[macsga]

Jorge strikes me as an intelligent guy. Scare away noobs? Why would he waste his time on that. An accomplished CS professor investing time to scare noobs.. cmon.

1. He's in for the sport (trolling that is).
2. He's on a payroll
3. He's too insane to explain and we're to normal to understand.

[coins101]

1. There are people who don't have Bitcoin who will purchase them to purchase items
2. There are people who already own Bitcoin and use these for a purchase, who will (immediately) replace these coins by exchanging fiat.

1. Why would they use fiat to buy btc which will then be sold for fiat? Why not just skip the middle part.
2. Maybe? Maybe not..

1. Ease of use, fees, privacy, security, avoiding international restrictions, crossing jurisdictions, avoiding fiat exchange rates when purchasing from overseas, etc. etc.
2. Definitely, categorically and unequivocally.

I think I just got proxy trollfied.  Please ignore Jorge.  He's only here to waste people's time and to try to scare away noobs.

1. Well all of those things are negated because you have to deal with the banking system in the first place to get bitcoin. Actually, I would think it would be more expensive for consumers to purchase something because of the fees at the bank and coinbase.
2. Ok.. reasons would be much appreciated though.

Jorge strikes me as an intelligent guy. Scare away noobs? Why would he waste his time on that. An accomplished CS professor investing time to scare noobs.. cmon.

Foreign exchange shops usually have signs that say 'no commission'.

Fiat noobs don't understand that means they are getting ripped off through exchange rates.

[seleme]

Remember the dollar is stronger right now than it was a few weeks ago... almost 10% so. Thus, add 10%-20% so versus other baskets of currency and about 5% against gold. If you factor that in... the price really isn't quite as low as you think. A little low. Not as low as you think, though.

Good point. Dollar slaughtered other currencies recently.

[wachtwoord]

1. There are people who don't have Bitcoin who will purchase them to purchase items
2. There are people who already own Bitcoin and use these for a purchase, who will (immediately) replace these coins by exchanging fiat.

1. Why would they use fiat to buy btc which will then be sold for fiat? Why not just skip the middle part.
2. Maybe? Maybe not..

1. Ease of use, fees, privacy, security, avoiding international restrictions, crossing jurisdictions, avoiding fiat exchange rates when purchasing from overseas, etc. etc.
2. Definitely, categorically and unequivocally.

I think I just got proxy trollfied.  Please ignore Jorge.  He's only here to waste people's time and to try to scare away noobs.

1. Don't forget the discounts! (which will be more and more widespread as the companies avoid the ridiculous credit card fees).
2. And reasons for 2? To keep the same investment level you had before. Note that not everyone needs to do this for my argument to hold (just some). The same is true for point 1

[esse83]

1. There are people who don't have Bitcoin who will purchase them to purchase items
2. There are people who already own Bitcoin and use these for a purchase, who will (immediately) replace these coins by exchanging fiat.

1. Why would they use fiat to buy btc which will then be sold for fiat? Why not just skip the middle part.
2. Maybe? Maybe not..

1. Ease of use, fees, privacy, security, avoiding international restrictions, crossing jurisdictions, avoiding fiat exchange rates when purchasing from overseas, etc. etc.
2. Definitely, categorically and unequivocally.

I think I just got proxy trollfied.  Please ignore Jorge.  He's only here to waste people's time and to try to scare away noobs.

1. Don't forget the discounts! (which will be more and more widespread as the companies avoid the ridiculous credit card fees).
2. And reasons for 2? To keep the same investment level you had before. Note that not everyone needs to do this for my argument to hold (just some). The same is true for point 1

So I would have to pay 2x the price to buy something?... Why not just use fiat (keep my bitcoins) and skip that reinvestment step. I'm not seeing much a killer argument for why anyone would use coinbase to buy stuff.