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

[Newbie1022]

I thought people were supposed to be buying new Bitcoins so that they could spend it on Microsoft products around Christmas time... and honestly, I'm making fun of Bitcoiners, right now, but even I expected some slight uptick in volume based on this. But ummm... doesn't appear that's happening anytime soon.

There's a thread where some sicko dreams about 9-year-olds hooking up with strangers on the interwebs, so that they could be groomed  brainwashed and abducted into the Bitcoin cult  molested, murdered, and left in a ditch buy Bitcoin
Sick people here....

Oh God... bahahahahaha

[dakota neat]

Take your meds, NLC 

[JorgeStolfi]

I thought people were supposed to be buying new Bitcoins so that they could spend it on Microsoft products around Christmas time... and honestly, I'm making fun of Bitcoiners, right now, but even I expected some slight uptick in volume based on this. But ummm... doesn't appear that's happening anytime soon.

I understood that Microsoft only "accepts bitcoins" for Xbox game points, not for other products. Is that right?

[Newbie1022]

I thought people were supposed to be buying new Bitcoins so that they could spend it on Microsoft products around Christmas time... and honestly, I'm making fun of Bitcoiners, right now, but even I expected some slight uptick in volume based on this. But ummm... doesn't appear that's happening anytime soon.

I understood that Microsoft only "accepts bitcoins" for Xbox game points, not for other products. Is that right?

Not entirely sure. I honestly believe I've read several versions -- Xbox only, Xbox game points only, and all Microsoft products. Regardless, that should be a big enough market of geeks and this is the right season for introducing such -- if Microsoft was going to move the dial even slightly on purchasing of Bitcoins we'd have seen at least a slight uptick in buying activity already (even if there was countervailing selling activity as well). But, here, we have no volume. Nobody was crazy enough to bite and buy BTCs for this purpose. Thus, the only people who will be utilizing this, at least generally speaking, is existing bagholders.

[ChartBuddy]

Explanation

[octaft]

Thus, the only people who will be utilizing this, at least generally speaking, is existing bagholders people who got in at <5.

FTFY: Bagholders are holding waiting for 10k.  

[NotLambchop]

... Thus, the only people who will be utilizing this, at least generally speaking, is existing bagholders.

Not true.  I hear there's this place called purce.io where you can buy BTC with a CC for over 20% above market price.  Now if you buy your BTC there and ...no, wait.  If you sell your... no, that's not it either.
Anyhow, you know 9-year-old kids?  They do all sorts of dumb shit, I'm sure a few will think it's the smartest thing to do ever.
Like planking or somethin'.

[BlindMayorBitcorn]

... Thus, the only people who will be utilizing this, at least generally speaking, is existing bagholders.

Not true.  I hear there's this place called purce.io where you can buy BTC with a CC for over 20% above market price.  Now if you buy your BTC there and ...no, wait.  If you sell your... no, that's not it either.
Anyhow, you know 9-year-old kids?  They do all sorts of dumb shit, I'm sure a few will think it's the smartest thing to do ever.
Like planking or somethin'.

LOL. Dude:)

[oda.krell]

I thought people were supposed to be buying new Bitcoins so that they could spend it on Microsoft products around Christmas time... and honestly, I'm making fun of Bitcoiners, right now, but even I expected some slight uptick in volume based on this. But ummm... doesn't appear that's happening anytime soon.

I understood that Microsoft only "accepts bitcoins" for Xbox game points, not for other products. Is that right?

More or less correct. "Xbox game points" sounds like you can only get game-related content though, which is afaik not correct. Here's the MS quote:

You can only use bitcoin to add money to your Microsoft account and then purchase digital goods at select Microsoft online stores. You can’t use bitcoin to purchase Microsoft products and services directly at this time,” says the corporation’s webpage, warning that transactions are irreversible.

[noobtrader]

Chinese government official: "Private digital money can co-exist with government money." (self.Bitcoin)
submitted 3 hours ago * by Huobi

https://www.reddit.com/r/Bitcoin/comments/2p92s2/chinese_government_official_private_digital_money/

forget microsoft already...
 
kiss goodbye 350 fair price, welcome 1350 fair price... 

[Miz4r]

I thought people were supposed to be buying new Bitcoins so that they could spend it on Microsoft products around Christmas time... and honestly, I'm making fun of Bitcoiners, right now, but even I expected some slight uptick in volume based on this. But ummm... doesn't appear that's happening anytime soon.

I understood that Microsoft only "accepts bitcoins" for Xbox game points, not for other products. Is that right?

Not entirely sure. I honestly believe I've read several versions -- Xbox only, Xbox game points only, and all Microsoft products. Regardless, that should be a big enough market of geeks and this is the right season for introducing such -- if Microsoft was going to move the dial even slightly on purchasing of Bitcoins we'd have seen at least a slight uptick in buying activity already (even if there was countervailing selling activity as well). But, here, we have no volume. Nobody was crazy enough to bite and buy BTCs for this purpose. Thus, the only people who will be utilizing this, at least generally speaking, is existing bagholders.

So the Microsoft news is like 2 days old now and you are able to conclude already that nobody is crazy enough to buy BTCs for this purpose? I don't know about you but it took me quite a while to find out how to buy and store Bitcoins once I started getting interested in it. Admittedly it's a bit easier now then it used to be but still. Give it a few months and then we might be able to see whether the XBox crowd has started to embrace BTC. You can't expect much in a couple of days. Besides how much money goes around in people buying Xbox products each day? Even if half of that would be done through BTC would that really affect the total trading volume on exchanges all that much? I'm not sure actually, but I doubt it. It could fuel speculation though and increase the volume significantly that way.

[hdbuck]

Chinese government official: "Private digital money can co-exist with government money." (self.Bitcoin)
submitted 3 hours ago * by Huobi

https://www.reddit.com/r/Bitcoin/comments/2p92s2/chinese_government_official_private_digital_money/

forget microsoft already...
 
kiss goodbye 350 fair price, welcome 1350 fair price... 

rofl choochoo mf!

[macsga]

Take your meds, NLC  

The cure:

[NotLambchop]

^
>ignores all the sensible posters
>brags about it

That explains some, though not all, of your craziness.

[mrkavasaki]

why is the price still so low?

[ChartBuddy]

Explanation

[NotLambchop]

why is the price still so low?

Central bank saboteurs ruining our shit.  And, of course, jackbooted gubermint thugs, who are? ... Yeah, you got it--The Jews

[inca]

Who are our overlords going to squeeze, first? The longs or the shorts?

Ah you have finally realised that short term price movements rely more on a few colluding players than 'the market'.

[macsga]

Who are our overlords going to squeeze, first? The longs or the shorts?

Ah you have finally realised that short term price movements rely more on a few colluding players than 'the market'.

Both him and the LambTroll (are they the same person? ) knew this from the start. Maybe if they're not the same person, they're here for the same reason.

[MoreFun]

I thought people were supposed to be buying new Bitcoins so that they could spend it on Microsoft products around Christmas time... and honestly, I'm making fun of Bitcoiners, right now, but even I expected some slight uptick in volume based on this. But ummm... doesn't appear that's happening anytime soon.

I understood that Microsoft only "accepts bitcoins" for Xbox game points, not for other products. Is that right?

More or less correct. "Xbox game points" sounds like you can only get game-related content though, which is afaik not correct. Here's the MS quote:

You can only use bitcoin to add money to your Microsoft account and then purchase digital goods at select Microsoft online stores. You can’t use bitcoin to purchase Microsoft products and services directly at this time,” says the corporation’s webpage, warning that transactions are irreversible.

Can you buy Windows licence with BTC?