spooderman
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September 27, 2014, 11:17:55 PM |
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buy bUY BUY!1
It's been a long time...
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Gimmelfarb
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September 27, 2014, 11:21:26 PM |
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every transaction paid with Bitcoin will be dumped on the nearest exchange immediately I don't believe that BitPay gets all, or maybe even most, of their dollars from exchanges. They probably have underwriters who want to accumulate bitcoins without going through the exchanges who buy them from BitPay. They've had this kind of arrangement in the past - according to rumours some people became Bitcoin millionaires via this route - but I don't know if they still do it. yeah, i suspect they broker deals off exchange. but it's also hard to say when off-exchange demand is drying up. maybe it is, maybe it isn't. at some point, bitpay may still have to dump on exchanges.
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adamstgBit
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Activity: 1904
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Trusted Bitcoiner
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September 27, 2014, 11:23:01 PM |
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every transaction paid with Bitcoin will be dumped on the nearest exchange immediately I don't believe that BitPay gets all, or maybe even most, of their dollars from exchanges. They probably have underwriters who want to accumulate bitcoins without going through the exchanges who buy them from BitPay. They've had this kind of arrangement in the past - according to rumours some people became Bitcoin millionaires via this route - but I don't know if they still do it. yeah, i suspect they broker deals off exchange. but it's also hard to say when off-exchange demand is drying up. maybe it is, maybe it isn't. at some point, bitpay may still have to dump on exchanges. bitpay sells on exchanges, always have...
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MoreFun
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WePower.red
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September 27, 2014, 11:26:58 PM |
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every transaction paid with Bitcoin will be dumped on the nearest exchange immediately I don't believe that BitPay gets all, or maybe even most, of their dollars from exchanges. They probably have underwriters who want to accumulate bitcoins without going through the exchanges who buy them from BitPay. They've had this kind of arrangement in the past - according to rumours some people became Bitcoin millionaires via this route - but I don't know if they still do it. yeah, i suspect they broker deals off exchange. but it's also hard to say when off-exchange demand is drying up. maybe it is, maybe it isn't. at some point, bitpay may still have to dump on exchanges. bitpay sells on exchanges, always have... They could have some deal with the big buyers and earn some percentage also there, since they become *free*.
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Wandererfromthenorth
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September 27, 2014, 11:32:22 PM |
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every transaction paid with Bitcoin will be dumped on the nearest exchange immediately I don't believe that BitPay gets all, or maybe even most, of their dollars from exchanges. They probably have underwriters who want to accumulate bitcoins without going through the exchanges who buy them from BitPay. They've had this kind of arrangement in the past - according to rumours some people became Bitcoin millionaires via this route - but I don't know if they still do it. yeah, i suspect they broker deals off exchange. but it's also hard to say when off-exchange demand is drying up. maybe it is, maybe it isn't. at some point, bitpay may still have to dump on exchanges. bitpay sells on exchanges, always have... Which exchange? Stamp? Finex? All of them? They just market dump?
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spooderman
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Activity: 1652
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September 27, 2014, 11:34:09 PM |
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every transaction paid with Bitcoin will be dumped on the nearest exchange immediately I don't believe that BitPay gets all, or maybe even most, of their dollars from exchanges. They probably have underwriters who want to accumulate bitcoins without going through the exchanges who buy them from BitPay. They've had this kind of arrangement in the past - according to rumours some people became Bitcoin millionaires via this route - but I don't know if they still do it. yeah, i suspect they broker deals off exchange. but it's also hard to say when off-exchange demand is drying up. maybe it is, maybe it isn't. at some point, bitpay may still have to dump on exchanges. bitpay sells on exchanges, always have... Really? This actually lends weight to the, "Adoption causes price to fall" argument.
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adamstgBit
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September 27, 2014, 11:34:21 PM |
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every transaction paid with Bitcoin will be dumped on the nearest exchange immediately I don't believe that BitPay gets all, or maybe even most, of their dollars from exchanges. They probably have underwriters who want to accumulate bitcoins without going through the exchanges who buy them from BitPay. They've had this kind of arrangement in the past - according to rumours some people became Bitcoin millionaires via this route - but I don't know if they still do it. yeah, i suspect they broker deals off exchange. but it's also hard to say when off-exchange demand is drying up. maybe it is, maybe it isn't. at some point, bitpay may still have to dump on exchanges. bitpay sells on exchanges, always have... They could have some deal with the big buyers and earn some percentage also there, since they become *free*. maybe... what if that money runs out and all the shopping selling pressure hits the exchanges
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adamstgBit
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September 27, 2014, 11:35:08 PM |
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every transaction paid with Bitcoin will be dumped on the nearest exchange immediately I don't believe that BitPay gets all, or maybe even most, of their dollars from exchanges. They probably have underwriters who want to accumulate bitcoins without going through the exchanges who buy them from BitPay. They've had this kind of arrangement in the past - according to rumours some people became Bitcoin millionaires via this route - but I don't know if they still do it. yeah, i suspect they broker deals off exchange. but it's also hard to say when off-exchange demand is drying up. maybe it is, maybe it isn't. at some point, bitpay may still have to dump on exchanges. bitpay sells on exchanges, always have... Which exchange? Stamp? Finex? All of them? They just market dump? probably all of them. they probably have a monkey
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adamstgBit
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September 27, 2014, 11:38:56 PM |
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i think they do like 1million $ of volume a day. says coindesk a few months ago.
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abercrombie
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September 27, 2014, 11:43:04 PM |
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Bitlicense will continue to hover over BTC like a fake wall, well into November when Ben Lawsky makes his keynote. Afterward, Bitcoin companies will be forced not to conduct business with those in New York. It'll be like that movie, escape from NY.
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Boxman90
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September 27, 2014, 11:43:08 PM |
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bitpay sells on exchanges, always have...
Really? This actually lends weight to the, "Adoption causes price to fall" argument. Which exchange?
Stamp? Finex?
All of them?
They just market dump?
probably all of them. they probably have a monkey This was not common knowledge yet? C'mon guys.. It's literally on their site https://bitpay.com/bitcoin-exchange-ratesTo calculate the exchange rate for US Dollars, we pull the market depth from exchanges with adequate liquidity and withdrawal capability in USA and the Eurozone. The exchange order books are merged into a Consolidated Level II table.
The BBB is calculated by simulating an auto-routing market sell order, across all exchanges, with zero commission fees.
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ChartBuddy
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Online
Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 28, 2014, 12:01:19 AM |
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adamstgBit
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Activity: 1904
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September 28, 2014, 12:22:00 AM |
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JorgeStolfi
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September 28, 2014, 12:26:13 AM |
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This was not common knowledge yet? C'mon guys.. It's literally on their site https://bitpay.com/bitcoin-exchange-ratesTo calculate the exchange rate for US Dollars, we pull the market depth from exchanges with adequate liquidity and withdrawal capability in USA and the Eurozone. The exchange order books are merged into a Consolidated Level II table. The BBB is calculated by simulating an auto-routing market sell order, across all exchanges, with zero commission fees. That is how the compute the exchange rate to convert the price in dollars (from the merchant) to the price in bitcoin (that the client must pay). It MAY be how they convert the bitcoins to dollars; but I suppose that the conversion is not immediate, and thus they may play the market a bit and/or sell off-exchange.
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adamstgBit
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September 28, 2014, 12:27:54 AM |
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This was not common knowledge yet? C'mon guys.. It's literally on their site https://bitpay.com/bitcoin-exchange-ratesTo calculate the exchange rate for US Dollars, we pull the market depth from exchanges with adequate liquidity and withdrawal capability in USA and the Eurozone. The exchange order books are merged into a Consolidated Level II table. The BBB is calculated by simulating an auto-routing market sell order, across all exchanges, with zero commission fees. That is how the compute the exchange rate to convert the price in dollars (from the merchant) to the price in bitcoin (that the client must pay). It MAY be how they convert the bitcoins to dollars; but I suppose that the conversion is not immediate, and thus they may play the market a bit and/or sell off-exchange. yes of course they have a monkey, and i'm sure tony has a pretty large stake in bitcoin himself...
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yokosan
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September 28, 2014, 12:37:51 AM |
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adamstgBit
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September 28, 2014, 12:48:00 AM |
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adamstgBit
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September 28, 2014, 12:57:19 AM |
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perma-bulls... perma-bulls everywhere...
perma-bulls are always bullish, if your waiting for us to be bearish... you're gonna be waiting a long time...
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