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Author Topic: Monday Afternoon (US Time), Where is this this big phucking 'announcement'?  (Read 4465 times)
master-P
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June 12, 2014, 12:40:46 AM
 #61

Expedia is not the announcement.

There is another big one coming.

If you read what i wrote in the 3-4 messages i wrote on this, you would have seen that it was a BitPay conference call.

Expedia is with Coinbase.

Expedia is huge.  And notice - the price hasn't budged. 

--------------

I just met with Jeff in person, five minutes ago at the Clevelander Hotel to give him a batch of yBitcoin magazines to put in the lobby of the hotel.

The information was given to me in confidence, but I can confirm that its legit.

As for "how big" - i can finally give you an intelligent analogy.

Expedia announcement is huge.  And in light of that announcement, this company may make you scratch your head as to why they're better for Bitcoin.

But the key is, they're a big company. 

Expedia's value is 8.8 Billion.   This company's value is more than 11 Billion.


Its just a *completely* different demographic.   And I think they have their hands dipped into several commercial interests.

Either way - these two companies in one week will likely be Bitcoins biggest "Merchant Adoption Week".

-B-

Can you say if the company is in this list?

Monster Beverage Company
Harley Davidson
Under Armour
Electronic Arts
Dollar Tree
Whole Foods
IKEA

Edit: Yeah, I guess IKEA fits the profile pretty well too.

Just having fun....


Most of those companies you listed sell their goods to retailers instead of directly to customers, so they wouldn't benefit right now from adopting BTC. Either way, without new people and fresh fiat coming into BTC, I don't really expect news of a company accepting BTC to affect the price much in the short term.

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jamesc760
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June 12, 2014, 02:17:30 AM
 #62

Every time a "big" company announces bitcoin acceptance, btc price drops. What do insiders know that us regular folks don't?
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June 12, 2014, 02:31:31 AM
 #63

I'm guessing that eveytime a company starts accepting bitcoins it is linking bitcoin to a product/service that has value. Everytime this happens bitcoin becomes a bit less speculative (Hey, a bread costs 1. So 1 is worth a bread. No way I'm paying 10 for it and I will buy 10 breads for 1 any day).

That could be a stabilizing factor on bitcoin. And a stable bitcoin is less interesting for speculators. So they're hopping to something more speculative for a while.

I'm not a specialist in any way though, so just my 2 cents. (though tomorrow they may be worth 100 times more or less!)


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Barney
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June 12, 2014, 07:20:53 AM
 #64

Every time a "big" company announces bitcoin acceptance, btc price drops. What do insiders know that us regular folks don't?
Maybe "buy on rumors sell on news" effect. Insiders know about acceptance long before us and buy BTC, so people ask "why BTC is rising without any news", then they just sell on news.

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June 16, 2014, 11:21:45 AM
 #65

Might this be the delayed announcement?

http://www.coindesk.com/new-york-holiday-inn-launches-bitcoin-payments-trial/

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June 18, 2014, 05:05:57 PM
 #66

The announcement was the ESPN announcement.

I'll allow you to determine if you agree that its bigger than Expedia.  

http://online.wsj.com/articles/bitpay-to-sponsor-st-petersburg-bowl-in-first-major-bitcoin-sports-deal-1403098202

So yes - it was a legit rumor.   I try not to waste time with non-legit rumors.  But this "chatty cathy" (thanks Jeff lol) always keeps his secrets!

-B-

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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
View it on the Blockchain | Genesis Block Newspaper Copies
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June 18, 2014, 05:10:15 PM
 #67

The announcement was the ESPN announcement.

I'll allow you to determine if you agree that its bigger than Expedia.  

http://online.wsj.com/articles/bitpay-to-sponsor-st-petersburg-bowl-in-first-major-bitcoin-sports-deal-1403098202

So yes - it was a legit rumor.   I try not to waste time with non-legit rumors.  But this "chatty cathy" (thanks Jeff lol) always keeps his secrets!

-B-

Better than that nascar thing dogecoin did  Grin
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