Post Paypal announcement price

[lebing]

What do you think?

[Le Happy Merchant]

I will see this as the first step in the "can't beat 'em, lets join 'em" cascade. But in the long run, paypal will die because Bitcoin obviates its function.

[notme]

What do you think?

I'm assuming you mean a hypothetical future announcement, since they have only said they are "looking at it".

[AmazonStuff]

Let’s say that merchants and big company like steady price growth or stable price, if they don’t have that they will leave or they will never come into Bitcoin world.

This extreme volatility will turn off merchants. High volatility could only attract your friends and neighbors when you tell them, you know price growth is 100% a week and they will hurry to buy some coins.
What you did not tell them that they are just a small fish which feeds the huge sharks that swim in these seas…  Every rally makes big fish, bigger and small fish, well… fish food. Maybe, there are a few of lucky ones, which follow the big sharks and feed with the small chunks that fall out of shark mouth, but they will be small forever.

Long term, how would it look like if we fail to attract merchants into bitcoin, well, something like this:

http://www.youtube.com/watch?v=mfLnLwFcSBc

Think about that…

[Ares]

What do you think?

I'm assuming you mean a hypothetical future announcement, since they have only said they are "looking at it".

"following an announcement" implies a hypothetical future announcement in this context

[zeroday]

This way Paypal will damage the brand of bitcoin.

[Zangelbert Bingledack]

The fact that there a significant percentage people who apparently think Paypal adoption could possibly hurt Bitcoin, is very bullish for the price. It means many investors, even here, have little understanding of the investment situation.

[lebing]

The fact that there a significant percentage people who apparently think Paypal adoption could possibly hurt Bitcoin, is very bullish for the price. It means many investors, even here, have little understanding of the investment situation.

I have trouble believing that. Maybe I have too much faith in humanity  

[cedivad]

The order book would be cleared during a 4 hours rally.

[smoothie]

I don't see how PayPal could add Bitcoin as an "option"...or whatever without decimating their business.

PayPal charges fees on transactions. Bitcoin charges almost no fees.

PayPal has employees to pay and bills. Bitcoin doesn't.

It is almost like a suicide mission.

Maybe I am missing something here.

[Come-from-Beyond]

What do you think?

This will never happen.

[crazy_rabbit]

I don't see how PayPal could add Bitcoin as an "option"...or whatever without decimating their business.

PayPal charges fees on transactions. Bitcoin charges almost no fees.

PayPal has employees to pay and bills. Bitcoin doesn't.

It is almost like a suicide mission.

Maybe I am missing something here.

Paypal would charge fees too. They are so convenient that people would be more then happy to pay the fees. They could store their bitcoins on Paypals super sercure online wallet, and not have to worry about their bitcoins being stolen. And Paypal would be insured for thefts so they could sleep peacefully at night.

That's how they would do it. People would pay 2% to know their wallet won't be hacked and that paypal will back them up in the event it is.

[smoothie]

I don't see how PayPal could add Bitcoin as an "option"...or whatever without decimating their business.

PayPal charges fees on transactions. Bitcoin charges almost no fees.

PayPal has employees to pay and bills. Bitcoin doesn't.

It is almost like a suicide mission.

Maybe I am missing something here.

Paypal would charge fees too. They are so convenient that people would be more then happy to pay the fees. They could store their bitcoins on Paypals super sercure online wallet, and not have to worry about their bitcoins being stolen. And Paypal would be insured for thefts so they could sleep peacefully at night.

That's how they would do it. People would pay 2% to know their wallet won't be hacked and that paypal will back them up in the event it is.

What's the point, may as well use dollars right?

Who is going to insure bitcoins? Name one business that will insure this.

[Schrankwand]

I will see this as the first step in the "can't beat 'em, lets join 'em" cascade. But in the long run, paypal will die because Bitcoin obviates its function.

I doubt it obviates it. Because Paypal will take an Escrow and exchange function again. That is probably their plan.

They will start to become the big Escrow intermediary. And if you fuck it up with them, since they can't just take the bitcoin, they will disable the function to get you paid by other means.

Since Paypal has HUGE adoption, they still have a lot of punch.

[awakening]

[zby]

I don't know what would happen - but appearance of this kind of fantasy threads is a bearish indicator.

[naphto]

over 9k, probably even over 9m.
I will buy 1 or 2 btc now, I will be able to buy paypal tomorrow

[ruski]

I don't know what would happen - but appearance of this kind of fantasy threads is a bearish indicator.

Well they are payment processors, and Bitcoin is a way to pay people, so it makes sense that they might. I don't think it's fantasy. Maybe a long way off.

I still don't see any point for a buyer to use Paypal with BTC though. No reason not to accept it as a merchant, but through Paypal you will sacrifice your anonymity and your lack of fees in exchange for - what?

Still it could bump the price if for no reason other than awareness.

[Rampion]

I don't see how PayPal could add Bitcoin as an "option"...or whatever without decimating their business.

PayPal charges fees on transactions. Bitcoin charges almost no fees.

PayPal has employees to pay and bills. Bitcoin doesn't.

It is almost like a suicide mission.

Maybe I am missing something here.

THIS.

There's no way Paypal adds Bitcoin. Think carefully about it. Bitcoin and Paypal are enemies, there's no synergy possible, full stop.

Don't forget the main points of Bitcoin, and now I will quote the wiki:

Bitcoin is an experimental, decentralized digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network.

Bitcoins are sent easily through the Internet, without needing to trust any third party.

Transactions are irreversible by design

And now, please answer:

what's Paypal business model?

what's his role and what "problem" they solve?

what strategic sense could have for them to add BTC?

[Rampion]

Saying that Paypal will embrace BTC is like saying that one day the president of the US will be an anarchist.

Mmmm... Yeah.... A contradiction in terms. What Paypal MAY do is to create THEIR OWN, CENTRALIZED cryptocurrency. Quote this for truth, and stop dreaming.