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

[Le Happy Merchant]

No doubt about it, he has produced 1st class FUD. Good man.

For those who have yet to listen: https://www.youtube.com/watch?v=joBstnvvDFw&feature=player_detailpage

About 17 minutes in he makes a phenomenally stupid argument about gold '1000 years from now, somebody will say its in a 7000 year bubble'. More likely, 1000 years from now we will have been mining asteroids for 950 years, and gold will have fallen to its intrinsic (use case) value.

[ChartBuddy]

Explanation

[octaft]

Nothing new from Amazon really but a few hours ago I asked them (in german, translated below):

Hello,

When will we be able to pay with Bitcoins at Amazon now that Microsoft is on board?

Their response:

Good evening, Mr. <censored>

Thanks for contacting Amazon.de.

Unfortunately for the time being we don't offer the payment method "Bitcoin". Amazon.de accepts Visa, Mastercard/Eurocard and American Express (including prepaid cards from those brands) as well as direct debit and payment on invoice. Thanks for your understanding.

However, we do monitor the development, events and applications of new payment methods very closely. Customer feedback is also evaluated regularly at Amazon.de so we can adjust our processes to your wishes.

We're constantly looking to improve our customer's experience and to that end I have forwarded your e-mail to the responsible department and I thank you for your suggestion.

Should you have any more questions, [blah blah blah]

So apparently they haven't been bugged enough just yet, hence my call to all of you:

Send a message to Amazon, even as short as mine above will do the trick.

Don't try emailing them directly, you'll get a silly automatic reply telling you to use their pretty damn well hidden contact form while being logged in. Well here's the direct link https://www.amazon.com/gp/help/customer/features-services so go on and tell them what we want!

Seems form letterish to me. I imagine you would have gotten a similar response if you had inquired about them accepting a Discover card.

[gentlemand]

i've been watching this for  a while, and made a simple conclusion:
this market only reacts to news from China.

Western news it doesn't give a shit about. Had AliBaba started accepting
bitcoin I guess the reaction would've been very different.

Has there ever been any good news from China? I assume VC and merchant adoption is non existent and will be for the foreseeable future.

[ChartBuddy]

Explanation

[Brewins]

End of pump. We are back to pre microsoft announcement levels.

I would better not imagine how dumps will be like if the microsoft pump happened to be so insignificant

[Cassandra_PR]

...
A single post that is more insightful than 1000 posts from Mervyn Pumpkinhead, MatTheTwat, NotLambChop, Shrooomskit, and the like which plague this thread.

Thanks for sharing.  Welcome to my ignore list.

[BlindMayorBitcorn]

...
A single post that is more insightful than 1000 posts from Mervyn Pumpkinhead, MatTheTwat, NotLambChop, Shrooomskit, and the like which plague this thread.

Thanks for sharing.  Welcome to my ignore list.

[janos666]

End of pump. We are back to pre microsoft announcement levels.

I would better not imagine how dumps will be like if the microsoft pump happened to be so insignificant

I think this BTC->FIAT relay kind of adoption is still regarded as neutral or slightly bad news. It has a possibility to mobilize some sleeping coins (~get them dumped on the markets) while doesn't create instant demand. It won't be the case forever but it seems to be clear that it still is (at one point, it will start to build demand and the mobilizing power will descend). May be this was the last one of this kind (though I guess it wasn't).

[ChartBuddy]

Explanation

[FatherBob]

stood a Lamb as it had been slain,
having seven horns and seven eyes,
which are the seven Spirits of God sent forth into all the earth.



Blessing, and honour, and glory, and power,
be unto him that sitteth upon the throne,
and unto the Lamb for ever and ever.

[0x3d]

https://bitcointalk.org/index.php?topic=890078.0

[BlindMayorBitcorn]

Are we the greater fools that Muppet was on about then? *sigh* 

magic 8 ball never fails to deliver.

Losing faith, brother?

[ChartBuddy]

Explanation

[DaRude]

End of pump. We are back to pre microsoft announcement levels.

I would better not imagine how dumps will be like if the microsoft pump happened to be so insignificant

I think this BTC->FIAT relay kind of adoption is still regarded as neutral or slightly bad news. It has a possibility to mobilize some sleeping coins (~get them dumped on the markets) while doesn't create instant demand. It won't be the case forever but it seems to be clear that it still is (at one point, it will start to build demand and the mobilizing power will descend). May be this was the last one of this kind (though I guess it wasn't).

Only for people with limited brain power.

BTC adoption is great news. Period. Anyone who argues otherwise is an idiot or a troll.
WTF are people really that stupid? By that logic if newegg, overstock, and dell stopped accepting BTC it'd be great cause now people can't spend their BTC so we go to moon  Oh how terrible it would be if BTC is widely adopted think of all the places to spend it   
Adoption is the best thing that can happen to bitcoin the protocol that it's whole purpose. And good for bitcoin currency in the long run, maybe not as great for minute chart speculators

[WeltMaster]

Are we going to the moon lads? 

[ChartBuddy]

Explanation

[NotLambchop]

...
By that logic if newegg, overstock, and dell stopped accepting BTC it'd be great cause now people can't spend their BTC so we go to moon  ...

Most people who "invest" in BTC don't do it to shop at Dell & NewEgg.
They might want to believe that others buy BTC to shop at Dell & NewEgg, but they themselves don't.
Because after the novelty of buying with BTC wears off, the sheer stupidity of it begins to sink in.  Imagine:

1. Spend fiat to buy BTC
2. Send BTC to a payment processor, who
  2a. Sells your BTC for fiat &
  2b. Sends fiat to the merchant that "accepts BTC".
3. Re-buy BTC you spent, probably from the same payment processor but at a premium, because "investment."

Funny as hell, doubt it happens too much tho.  Now for someone with a BTC stash from way back...  Nah, that would only create sell pressure, so won't happen

[KJO]

I have feeling gentleman soon.

[mymenace]

I have feeling gentleman soon.