What happen to BTC price, cmon!!!
4) Big money won't get in yet...they likely will get in with the facebook twins EFT and say someone like amazon or ebay takes BTC
but they won't get in with all the hype about BTC being evil/regulations/and a no one knows WTF is going on...
Nice story, but ebay will probably never accept btc, unless they let go of PayPal. PayPal is owned by the same people as ebay - right now, they force all new users to use PayPal too. I think you need to have an account from like 2007 if you want to use a different merchant - it is a scam, but they make the extra 2.9% + .34$ on every single transaction!
How low will it go, before it rises again? that's the question.
It will go back up, half past yo' face!
I love how people ask this. Like if anyone knows. People only know things from past references, but here with BTC, nobody has many references (history) to base predictions off of. Sure they has been many little scares like this will likely be, but bitcoin rewrites history every day. If everyone knew, nobody would really sell coin in the first place. I am mad that I still had .2 btc in the past 2 days, but hey I only lost $20. I will probably buy more coin today and wait a few days, and I will sell in about 2-3 days personally (what ever the price).
well I drank the kool aid will keep what I have invested..wtf it is only money ...someday I'll die..gonna piss it away on something..take chance for once in my life!
as to ebay/paypal I only bring that up in that when asked ebay/paypal head honcho (google it) says they likely will take BTC ...but paypal is their cash cow and how they do so as you say
is gonna be quite the feat...no question though if Ebay had not bought paypal and paypal was still independent and not such an ebay cash cow...ebay would have already
taken BTC imho I look at it this way
people right now in Africa for example have really good wireless phone networks etc (who'd want to string cable for inet) so even the very poor are managing to get/share
phones out in the sticks...inet creeps along with the cell phone expansion....(at a school library or whatever) so this guy wants to improve his life..he looks around has to pay
bribes to move money via wire xfer has to have a bank...(who the heck has banks there in the boonies it is like 1880's south dakota) the inflation on the currency of the country
say is 20% or more a year....you have few assets....so you have your cell phone you have or can get a hotmail address..you can get a bitcoin address etc..you save your $$
you go to the community center .use the inet computer (or maybe you can use cell phone) you get bitcoin bypassing the corrupt gov't and the banks etc...you contact ebay and say "I want to get a sewing machine so my wife can work
at home and improve my lot in life
I have bitcoin..." now the guy knows he can trust Ebay....NOW EBAY KNOWS IT CAN TRUST HIM the security is in the coin..transaction done in like
5 min....done...no bribes to gov't officials (except maybe to get the beast out of customs but that was a given on all mnfg stuff shipped in) no kickbacks or need for a bank or
even a bank account...and the guy is not hording gold in a hole under his hut for bad times etc.....he could have admittedly meager to us but $$$ non the less available
on the blockchain he could get in an emergency/revolution/bank panic/currency panic (like cyrus) etc ..hey piece of mind and way to get stuff too..what would you use
in this guys position "ivory coast $$$ at 20% or so depreciation per year" or BTC? hell it is a no brainer especially if he has international product access now.
imho how from that viewpoint how can Ebay or anyone like such WALK AWAY from the 3 billion or so folks slowly climbing up to middle class in the world...they can't
they have to have something like bitcoin...it works too well across the world..too much profit can be made for them to ignore this imho
thus Ebay will take bitcoin...and imho they pretty much again imho make an equiv to bitpay to do so...or hell just buy bitpay...it will be done....
bitcoin will never be a big deal in the USA but also say Ukraine .I knew some guys from there on the BFL forums before I got banned from BFL forums..they have to feel like
the luckiest schmucks about....when all this drama happened and the Ukrainian gov't rightfully slowed $$ xfer out of the country to avoid bank panics
..people thinking a Russian invasion and all ..stopped/slowed
their currency from flowing out of the country not these guys with btc they could do so....heck if they happened to be from Crimea before Russia took it over they are even more
ecstatic in that Ukrainian $$ is useless there now i think (or hard to use)...and likely was impossible to move fiat out of Crimea for a time.
so yeah your in Syria or Argentina.... btc is a big big deal ..in a country where you hide gold under your hut just in case...a usb drive with btc if you have to beat it
to the border is a very very big deal...you add buying power thru the above ebay transactions etc and commerce world wide is gonna explode
so hopefully the institutional investors are waiting on the sidelines for the price to go low...see good news say the facebook twins ETF fund etc
and price will then skyrocket in the usual btc boom/bust cycle and all is well again (for a bit)
anyway again imho (dare to dream) and again i disavow all knowledge that I know wtf I'm talking about ...just how I am viewing it from the sidelines
as a kool aid drinking bitcoin holder don't ya know
Searing
We are just watching whales dump... then reload their BTC with a bigger profit... fledgling currency = prone to the swings of bigger players
that could be very true too...although that kinda scares the crap out of me..if the whales were to panic for some reason/fud/news/gov't proposed regulation
or whatever..would be like an elephant stampede we little guys at least those panic'ing too and selling would be 'toe jam' and would likely in disgust never come
back to BTC could be a set back if it swung too far and looks too manipulated.. a concern for the future perhaps
Searing
