Headline: Bitcoin Buzz Draws Western Union, MoneyGram

[BTC Books]

I don't know enough about stocks to judge that.

 

[ElectricMucus]

I don't know enough about stocks to judge that.

Price go down = bad.

thanks!  

Seriously it's not that easy - I think. All I know there is more to a stock that the price, like dividends, the way they are payed out, the distribution of shareholders, etc..
And there is more to a company than its stock - obviously.
What I also know it's not like the price of bitcoin.

[myrkul]

I don't know enough about stocks to judge that.

Price go down = bad.

thanks!  

Seriously it's not that easy - I think. All I know there is more to a stock that the price, like dividends, the way they are payed out, the distribution of shareholders, etc..
What I do know it's not like the price of bitcoin.

The biggest thing that could affect a stock's price that wouldn't necessarily show on that chart is a split (1 stock @ $20 becomes 2 @ $10). WU has never split. Dividends are just profits paid out to shareholders at some rate per share.

But since WU has never split, It's enough like the BTC price to say "Price go down = bad."

[ElectricMucus]

I don't know enough about stocks to judge that.

Price go down = bad.

thanks!  

Seriously it's not that easy - I think. All I know there is more to a stock that the price, like dividends, the way they are payed out, the distribution of shareholders, etc..
What I do know it's not like the price of bitcoin.

The biggest thing that could affect a stock's price that wouldn't necessarily show on that chart is a split (1 stock @ $20 becomes 2 @ $10). WU has never split. Dividends are just profits paid out to shareholders at some rate per share.

But since WU has never split, It's enough like the BTC price to say "Price go down = bad."

But what about those dividends not actually payed out, or reinvested, shares hold internally, or internally reinvested profits not subject to dividends?
What I mean by this is: The amount of dividends shoudn't necessarily be fully proportional to the stock price.

[ManBearPig]

I think you guys fail to understand the gravity of the situation.

WU literally could, with extremely little effort, turn every single WU place into the equivalent of a Bitcoin ATM.

This.

[BTC Books]

But what about those dividends not actually payed out, or reinvested, shares hold internally, or reinvested profits not subject to dividends?

Yeah myrkul!  What about that - HUH?  HUH?

Because...

I don't know enough about stocks to judge that.

[ElectricMucus]

But what about those dividends not actually payed out, or reinvested, shares hold internally, or reinvested profits not subject to dividends?

Yeah myrkul!  What about that - HUH?  HUH?

Because...

I don't know enough about stocks to judge that.

I am asking for somebody to educate me what is so hard to understand? 

[BTC Books]

But what about those dividends not actually payed out, or reinvested, shares hold internally, or reinvested profits not subject to dividends?

Yeah myrkul!  What about that - HUH?  HUH?

Because...

I don't know enough about stocks to judge that.

I am asking for somebody to educate me what is so hard to understand? 

It isn't hard to understand at all.  Your claim of ignorance about the basics of financial information suits your current argument.

But when bitcoin-bashing... well...

The point I am trying to make is: As for as store of value bitcoin isn't well suited, not because of it's volatility, that is only the symptom. There is something called elasticity of an asset.
What it tells you is how much prices influence demand and with bitcoin that is very high, a very high elasticity.

Low elasticity is something for which there is always demand, regardless - the things out society is built on, machinery, energy, and land. Of course they are subject to their own bubbles and pops but it is nowhere as dramatic.

[22     Economy / Speculation / Re: Yup, still feeling bearish.    on: 2013-04-18, 16:15:05 ]

You don't play fair, I don't play nice.  Simple.

[myrkul]

But what about those dividends not actually payed out, or reinvested, shares hold internally, or reinvested profits not subject to dividends?

All of that is taken into account by the investors, making the stock price a fairly good indicator of investor confidence in the company. If the investors (who as shareholders, are typically in a good position to know) think the company's circling the drain, they'll want to sell. Just like in bitcoin, a lot of sells tend to push the price down.

Of course, there's always the chance that the company could be lying to it's stockholders (see: Enron) but no company is going to claim to be doing worse than they actually are. So, to expand, Price go down = bad; Price go up = good (usually)

[ElectricMucus]

BTC Books, your point?

But what about those dividends not actually payed out, or reinvested, shares hold internally, or reinvested profits not subject to dividends?

All of that is taken into account by the investors, making the stock price a fairly good indicator of investor confidence in the company. If the investors (who as shareholders, are typically in a good position to know) think the company's circling the drain, they'll want to sell. Just like in bitcoin, a lot of sells tend to push the price down.

Of course, there's always the chance that the company could be lying to it's stockholders (see: Enron) but no company is going to claim to be doing worse than they actually are. So, to expand, Price go down = bad; Price go up = good (usually)

thanks, that makes sense.

[BTC Books]

BTC Books, your point?

I made it.

[ElectricMucus]

BTC Books, your point?

I made it.

All I see is a hint that you don't like me.

To actually defend myself from this idiocy: I know little about economics and make use of the things I know, being confused about a subject is a normal process in learning something new.
But that doesn't mean that I can't use the things I am comfortable with.
Now if you have a problem with that that is your predicament. And if you were interested in the subject at all instead of looking for a fight you would have addressed the other issues I raised of why I think western union will not do something like Bitcoin ATMs.

[XXthetimeisnowXX]

I think you guys fail to understand the gravity of the situation.

WU literally could, with extremely little effort, turn every single WU place into the equivalent of a Bitcoin ATM.

yep this is what is happening. they know there time is up. they are going to die here within the year or two so better buck up and turn there company into an exchange place. it will be like an atm. you put your money in and then type the bitcoin address in and bam five-ten minutes and you have your BTC(money)sent to whomever you need to. and just like you say no need to change it to yen/euro/frank/lirea etc just sends it. you know what this means??? for dear god hold onto your bitcoins they are literally worth gold now. ok no literally but they will be in one year just you wait.

[Elwar]

As much as it pains me to say it, Bitcoin is not yet ready for a Western Union sized business to use Bitcoin.

They live in the world of fiat money and fiat accounting structures. They are able to balance credits and debits and show money on paper that they do not actually have, and still be able to spend that fictitious money because it will be there in the future.

They would have to do a huge infrastructure change to deal in a currency that has to exist to be spent. And they would have to come up with some huge operational steps to allow people or systems access to private keys to move bitcoins.

We are definitely in beta when it comes to companies using bitcoins. We have seen the early results when people did not yet use cold storage.

It would not be as simple as them just starting to accept bitcoin at their kiosks or paying out bitcoin in exchange for cash.

[Kazu]

I think you guys fail to understand the gravity of the situation.

WU literally could, with extremely little effort, turn every single WU place into the equivalent of a Bitcoin ATM.

yep this is what is happening. they know there time is up. they are going to die here within the year or two so better buck up and turn there company into an exchange place. it will be like an atm. you put your money in and then type the bitcoin address in and bam five-ten minutes and you have your BTC(money)sent to whomever you need to. and just like you say no need to change it to yen/euro/frank/lirea etc just sends it. you know what this means??? for dear god hold onto your bitcoins they are literally worth gold now. ok no literally but they will be in one year just you wait.

If they did do this, it would be huge. However, if they do, expect insane exchange fees, like 5%.

[NamelessOne]

I think you guys fail to understand the gravity of the situation.

WU literally could, with extremely little effort, turn every single WU place into the equivalent of a Bitcoin ATM.

yep this is what is happening. they know there time is up. they are going to die here within the year or two so better buck up and turn there company into an exchange place. it will be like an atm. you put your money in and then type the bitcoin address in and bam five-ten minutes and you have your BTC(money)sent to whomever you need to. and just like you say no need to change it to yen/euro/frank/lirea etc just sends it. you know what this means??? for dear god hold onto your bitcoins they are literally worth gold now. ok no literally but they will be in one year just you wait.

If they did do this, it would be huge. However, if they do, expect insane exchange fees, like 5%.

I wonder what their withdraw limits would be. If you could get out huge chunks of money quickly from them I would take the 5% fee instead of waiting damn well forever for gox to wire the damn money.

[myrkul]

I think you guys fail to understand the gravity of the situation.

WU literally could, with extremely little effort, turn every single WU place into the equivalent of a Bitcoin ATM.

yep this is what is happening. they know there time is up. they are going to die here within the year or two so better buck up and turn there company into an exchange place. it will be like an atm. you put your money in and then type the bitcoin address in and bam five-ten minutes and you have your BTC(money)sent to whomever you need to. and just like you say no need to change it to yen/euro/frank/lirea etc just sends it. you know what this means??? for dear god hold onto your bitcoins they are literally worth gold now. ok no literally but they will be in one year just you wait.

If they did do this, it would be huge. However, if they do, expect insane exchange fees, like 5%.

For walk in convenience?

Worth it.

[Anon136]

I think you guys fail to understand the gravity of the situation.

WU literally could, with extremely little effort, turn every single WU place into the equivalent of a Bitcoin ATM.

yep this is what is happening. they know there time is up. they are going to die here within the year or two so better buck up and turn there company into an exchange place. it will be like an atm. you put your money in and then type the bitcoin address in and bam five-ten minutes and you have your BTC(money)sent to whomever you need to. and just like you say no need to change it to yen/euro/frank/lirea etc just sends it. you know what this means??? for dear god hold onto your bitcoins they are literally worth gold now. ok no literally but they will be in one year just you wait.

If they did do this, it would be huge. However, if they do, expect insane exchange fees, like 5%.

I wonder what their withdraw limits would be. If you could get out huge chunks of money quickly from them I would take the 5% fee instead of waiting damn well forever for gox to wire the damn money.

you really think 5% is that bad? i was planning on charging 5% with my vending machine and i thought i was being reasonable =(

[Kazu]

I think you guys fail to understand the gravity of the situation.

WU literally could, with extremely little effort, turn every single WU place into the equivalent of a Bitcoin ATM.

yep this is what is happening. they know there time is up. they are going to die here within the year or two so better buck up and turn there company into an exchange place. it will be like an atm. you put your money in and then type the bitcoin address in and bam five-ten minutes and you have your BTC(money)sent to whomever you need to. and just like you say no need to change it to yen/euro/frank/lirea etc just sends it. you know what this means??? for dear god hold onto your bitcoins they are literally worth gold now. ok no literally but they will be in one year just you wait.

If they did do this, it would be huge. However, if they do, expect insane exchange fees, like 5%.

I wonder what their withdraw limits would be. If you could get out huge chunks of money quickly from them I would take the 5% fee instead of waiting damn well forever for gox to wire the damn money.

you really think 5% is that bad? i was planning on charging 5% with my vending machine and i thought i was being reasonable =(

5%? Thats almost 10 times the goxxian fee. When you take into account the fact that there is two sides to any exchange that means they are essentially taking 10% on every trade. If 10% fees aren't ridiculous I don't know what is.

[myrkul]

5%? Thats almost 10 times the goxxian fee. When you take into account the fact that there is two sides to any exchange that means they are essentially taking 10% on every trade. If 10% fees aren't ridiculous I don't know what is.

Give cash, get bitcoins, pay 5%

Wait 3 weeks for bank transfer, get goxxed, pay .6%

I know which I'd pick.