Gold collapsing. Bitcoin UP.

[Adrian-x]

yes, and ApplePay just served to further legitimize that trend.  i find it interesting that they reopened their app store to Bitcoin wallets only 1-2 mo before their announcement.

They would not have released ApplePay if they did not think it could compete with and beat Bitcoin. And if they think that, then they feel that the wallet apps on the phone are not a threat to their ApplePay - it was bad PR and it was turning some of their users away, I guess they feel the trade off of allowing them is worth it.

I don't use an I phone but was informed that the send payment function had to be disabled to qualify under the ToS, if that is still the case Apple obviously feel they can't compete on functionality.

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[shields]

yes, and ApplePay just served to further legitimize that trend.  i find it interesting that they reopened their app store to Bitcoin wallets only 1-2 mo before their announcement.

They would not have released ApplePay if they did not think it could compete with and beat Bitcoin. And if they think that, then they feel that the wallet apps on the phone are not a threat to their ApplePay - it was bad PR and it was turning some of their users away, I guess they feel the trade off of allowing them is worth it.

I don't use an I phone but was informed that the send payment function had to be disabled to qualify under the ToS, if that is still the case Apple obviously feel they can't compete on functionality.

I suspect that's more related to Apple wanting a cut of payments made within apps, they must make a fortune from that with the amount of in-game purchasing going on in games these days.

[Adrian-x]

yes, and ApplePay just served to further legitimize that trend.  i find it interesting that they reopened their app store to Bitcoin wallets only 1-2 mo before their announcement.

They would not have released ApplePay if they did not think it could compete with and beat Bitcoin. And if they think that, then they feel that the wallet apps on the phone are not a threat to their ApplePay - it was bad PR and it was turning some of their users away, I guess they feel the trade off of allowing them is worth it.

I don't use an I phone but was informed that the send payment function had to be disabled to qualify under the ToS, if that is still the case Apple obviously feel they can't compete on functionality.

I suspect that's more related to Apple wanting a cut of payments made within apps, they must make a fortune from that with the amount of in-game purchasing going on in games these days.

Sure they can sell Bitcoin too. I see a big difference when using an app to purchasing a real world product, IMO it is hardly comparable with an in app purchase, moreover it is in direct competition with applepay.

[_mr_e]

Wow, Just wow... Obvious hit piece is obvious: https://www.bbc.com/news/technology-29283124.

There used to be a video, not sure where it went.

[iCEBREAKER]

it's really sad to listen to the die hard gold bugs frustration.  i can hear the heaviness and fatigue in Eric King's voice in all his interviews nowadays.  they are truly confused.

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2014/9/21_Bill_Fleckenstein_files/Bill%20Fleckenstein%209%3A21%3A2014.mp3

I noticed the despair in poor Eric's voice months ago.  Sprott should give him a raise; he sounds like a broken man.   

When Turd and Silver Doctor capitulate, it's time to buy while their blood flows down the street.

[cypherdoc]

the black hole continues to suck anything and everything into it:

[cypherdoc]

here comes Paypal:

http://www.coindesk.com/paypal-announces-first-partnerships-bitcoin-space/

[cypherdoc]

here comes Paypal:

http://www.coindesk.com/paypal-announces-first-partnerships-bitcoin-space/

this could easily spark a bottom for the almost 10 mo bear mkt.  the market can only be so stupid for so long in the face of all this good news.

[cypherdoc]

[FNG]

here comes Paypal:

http://www.coindesk.com/paypal-announces-first-partnerships-bitcoin-space/

this could easily spark a bottom for the almost 10 mo bear mkt.  the market can only be so stupid for so long in the face of all this good news.

paypal + coinbase + bitpay + GABI buying + Overstock hiring bitcoin devs + wtf else do we need for people to figure out bitcoin is becoming a thing...and a more efficient thing means 100's of billions in marketcap..in the not too distant future

[cypherdoc]

[cypherdoc]

i love short squeezes

[justusranvier]

https://twitter.com/Bitstein/status/514451207696678912

[damnek]

https://twitter.com/Bitstein/status/514451207696678912

they stuck their necks out and got their heads chopped off

[notme]

i love short squeezes

The squeeze hasn't even started yet, 11,227.90 BTC still lent out on bitfinex.

[superresistant]

 
Panic buy time.

[justusranvier]

they stuck their necks out and got their heads chopped off

At least they'll be immortalized forever.

http://nakamotoinstitute.org/the-skeptics/

[FNG]

Shorts getting scared.   

[notme]

i love short squeezes

The squeeze hasn't even started yet, 11,227.90 BTC still lent out on bitfinex.

Shorts increasing, now at 11,325.44 BTC.  This is going to be fun .

[HeliKopterBen]

Nice 14% rally in 60min.