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

[Davyd05]

People chill the fuck out , its more fun to sip on a drink while watching the the trolling unfold as bitcoin makes in roads to places they never though possible. Fuck getting rich overnight..I'm willing to put years in My first year of hodling comes up in Oct..er mer gerd its be a roller coaster

why you not stay in BTC for life?

who said I wasn't Adam...perhaps that's what I mean by "put years in".

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[adamstgBit]

People chill the fuck out , its more fun to sip on a drink while watching the the trolling unfold as bitcoin makes in roads to places they never though possible. Fuck getting rich overnight..I'm willing to put years in My first year of hodling comes up in Oct..er mer gerd its be a roller coaster

why you not stay in BTC for life?

who said I wasn't Adam...perhaps that's what I mean by "put years in".

see i read that and thought you were just going to wait a few more years and then exit.

[JayJuanGee]

1. No one time. You have 50 BTC invested.
2. You take 1 BTC of your invested stack and buy whatever product you want
3. The you rebuy 1 BTC with fiat

So you only spend 1 times the fiat cost of the item you bought (although probably less due to all the benefits of Bitcoin)

Hmmm I'm sorry but how does this not entail spending 2x the amount of money, fiat or BTC.

Depends upon definition... Of course, you have spent twice;however, one of those spending is a form of internal transfer from yourself and to yourself.  The other is a transfer from yourself to another entity... Accordingly, there is only 1x spending from yourself to another entity.

[tarmi]

1. No one time. You have 50 BTC invested.
2. You take 1 BTC of your invested stack and buy whatever product you want
3. The you rebuy 1 BTC with fiat

So you only spend 1 times the fiat cost of the item you bought (although probably less due to all the benefits of Bitcoin)

Hmmm I'm sorry but how does this not entail spending 2x the amount of money, fiat or BTC.

Depends upon definition... Of course, you have spent twice;however, one of those spending is a form of internal transfer from yourself and to yourself.  The other is a transfer from yourself to another entity... Accordingly, there is only 1x spending from yourself to another entity.

but you have to pay the fee even if you are "spending from yourself to yourself".

[wachtwoord]

1. No one time. You have 50 BTC invested.
2. You take 1 BTC of your invested stack and buy whatever product you want
3. The you rebuy 1 BTC with fiat

So you only spend 1 times the fiat cost of the item you bought (although probably less due to all the benefits of Bitcoin)

Hmmm I'm sorry but how does this not entail spending 2x the amount of money, fiat or BTC.

Depends upon definition... Of course, you have spent twice;however, one of those spending is a form of internal transfer from yourself and to yourself.  The other is a transfer from yourself to another entity... Accordingly, there is only 1x spending from yourself to another entity.

but you have to pay the fee even if you are "spending from yourself to yourself".

Well that depends. But even if you do, it can be cheaper. As time progresses it will be cheaper more and more often.

[JayJuanGee]

1. No one time. You have 50 BTC invested.
2. You take 1 BTC of your invested stack and buy whatever product you want
3. The you rebuy 1 BTC with fiat

So you only spend 1 times the fiat cost of the item you bought (although probably less due to all the benefits of Bitcoin)

Sigh. Can you please list ALL the fees that you pay when you purchase with bitcoin as you described, and the fees that you pay when paying directly with money?

(Don forger that you must send money to Coinbase/BitpayPayPal/exchange or whatever in order to buy th ebitcoins, and that Coinbase/Bitpay/Paypal has to send the money to the merchant.)

deposit fee is like 5$ for me, i dont do it often but when i do .....  

trading into BTC is like 0.25%, but if you place your bid at 0.5% of current price your bid will most definitely fill ( market don't either go up or down they are constantly going up and down ...), and you actually end up with a saving on your purchase  

 

When you are European you can use SEPA and buy for example on Kraken. I'm not sure for Americans cause you get fucked by your banks harder for normal transactions than us.

Figure about 1% as one of the best competitive rates (through Coinbase).  I am waiting for my circle account, which is supposedly free of fees... I'll believe it when I see it.

[adamstgBit]

1. No one time. You have 50 BTC invested.
2. You take 1 BTC of your invested stack and buy whatever product you want
3. The you rebuy 1 BTC with fiat

So you only spend 1 times the fiat cost of the item you bought (although probably less due to all the benefits of Bitcoin)

Hmmm I'm sorry but how does this not entail spending 2x the amount of money, fiat or BTC.

Depends upon definition... Of course, you have spent twice;however, one of those spending is a form of internal transfer from yourself and to yourself.  The other is a transfer from yourself to another entity... Accordingly, there is only 1x spending from yourself to another entity.

but you have to pay the fee even if you are "spending from yourself to yourself".

ever get a phone call from your bank saying that they want to put you on a better TX debit card fee plan thingy because you did more then 25 TX with your bank card?
ever?

[NotLambchop]

...
Depends upon definition... Of course, you have spent twice;however, one of those spending is a form of internal transfer from yourself and to yourself.  The other is a transfer from yourself to another entity... Accordingly, there is only 1x spending from yourself to another entity.

Simpler than a stewed turnip!

[adamstgBit]

1. No one time. You have 50 BTC invested.
2. You take 1 BTC of your invested stack and buy whatever product you want
3. The you rebuy 1 BTC with fiat

So you only spend 1 times the fiat cost of the item you bought (although probably less due to all the benefits of Bitcoin)

Sigh. Can you please list ALL the fees that you pay when you purchase with bitcoin as you described, and the fees that you pay when paying directly with money?

(Don forger that you must send money to Coinbase/BitpayPayPal/exchange or whatever in order to buy th ebitcoins, and that Coinbase/Bitpay/Paypal has to send the money to the merchant.)

deposit fee is like 5$ for me, i dont do it often but when i do .....  

trading into BTC is like 0.25%, but if you place your bid at 0.5% of current price your bid will most definitely fill ( market don't either go up or down they are constantly going up and down ...), and you actually end up with a saving on your purchase  

 

When you are European you can use SEPA and buy for example on Kraken. I'm not sure for Americans cause you get fucked by your banks harder for normal transactions than us.

Figure about 1% as one of the best competitive rates (through Coinbase).  I am waiting for my circle account, which is supposedly free of fees... I'll believe it when I see it.

1% of your deposit?
its not a flat fee? then like 0.25% pre trade?

[ChartBuddy]

Explanation

[shmadz]

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.

I haven't caught up to the thread yet, but I just wanted to say

Welcome to the best thread in the universe (of bitcointalk.org)


Bitcoin is not easy enough for regular people, like iPhone users and such.

I think bitcoin's place is in the background, just like regular people are never going to understands how packets are routed, regular people are never gonna really understand bitcoin.

They need a slick app that makes things easy. Apple and visa are announcing such an app tomorrow apparently, pay pal is just trying to steal some thunder.

Might take a few months, but don't get discouraged, personally I am buying the 500 CAD level every time it gets hit on virtex, with whatever I can afford. New fiat won't be available till the end of the month, I doubt the price will be this affordable by then.

This is not investment advice.

[adamstgBit]

Welcome to the best thread in the universe (of bitcointalk.org)

bitcoin really is doomed....

[JorgeStolfi]

The fees in this example are completely ridiculous. It is clear Jorge never bought Bitcoin. $5 to buy a Bitcoin? Get real.

Sigh. The values don't matter.  Can't you really see that there are MORE bank transfers when going through bitcoin? 

[wachtwoord]

The fees in this example are completely ridiculous. It is clear Jorge never bought Bitcoin. $5 to buy a Bitcoin? Get real.

Sigh. The values don't matter.  Can't you really see that there are MORE bank transfers when going through bitcoin? 

There can be

Bank transfers are supposed to be free though.

[blade87]

Paypal could be worth as much as $100 billion. BTC isn't even $10 billion. I'd rather use BTC over chargebackpal any day of the week. Speaking of which, will BTC payments through PP be non-reversible? Or will PP continue their usual bullshit. (while BTC transaction cannot be reversed, they can still lock your account and demand you pay from bank account)

[adamstgBit]

The fees in this example are completely ridiculous. It is clear Jorge never bought Bitcoin. $5 to buy a Bitcoin? Get real.

Sigh. The values don't matter.  Can't you really see that there are MORE bank transfers when going through bitcoin?  

wana buy one of my physical  bitcoin  brass coin wallets?

only 0.01BTC!

fast and free shipping, worldwide.


not every method requires fee or 3rd parties...

[adamstgBit]

sell your house for BTC Jorge, you'll avoid the fees

[spooderman]

The fees in this example are completely ridiculous. It is clear Jorge never bought Bitcoin. $5 to buy a Bitcoin? Get real.

Sigh. The values don't matter.  Can't you really see that there are MORE bank transfers when going through bitcoin? 

Do you understand the concept of backward compatibility?

You certainly seem to be proficient at thinking in a backward manner

[adamstgBit]

@Jorge

Traveling abroad isn't cheap to begin with, so it's doubly painful when converting currency starts to add up—if you're not careful, you could lose up to 22¢ for every dollar.

Read more: http://www.budgettravel.com/feature/what-your-bank-wont-tell-you-about-currency-conver,5437/#ixzz3CmGgWhsy

[grappa_barricata]

Dat 1k ask wall at finex...