what will be the catalyst?

[tabnloz]

we're trending down. good news has lately been greeted with a price drop. i would have thought the ebay / paypal / braintree acceptance would have been a good kickstart but it has been lost in the bear despair.

So what will be the catalyst for a rise?

Circle going 'public'?
Regs being less restrictive and formalised?
Ebay taking bitcoin on themselves?

Some kind of news will come that will turn the tide, lets play out the scenarios and flesh it out.

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[giveBTCpls]

My claim is eBay. Think about it, pretty easy:

1) Everyone uses eBay now, including computer illiterates
2) eBay accepts Bitcoin payments
3) Everyone buying shit from the internet sees the "pay with Bitcoin" button
4) They get interested/curious about it
5) Shit hits the fan

Thats it for me. 10k on the way after that.

[dontbugme]

I think the US government knows how screwed the dollar is and isn't letting onto that fact yet.

[ajareselde]

we're trending down. good news has lately been greeted with a price drop. i would have thought the ebay / paypal / braintree acceptance would have been a good kickstart but it has been lost in the bear despair.

So what will be the catalyst for a rise?

Circle going 'public'?
Regs being less restrictive and formalised?
Ebay taking bitcoin on themselves?

Some kind of news will come that will turn the tide, lets play out the scenarios and flesh it out.

Bitcoin halving is still far, but its going to difinetly be one of "catalysts" for price spike.

If you're thinking about closer events, i believe the end of the year will have a small upswing, but there is no certanty.
If you are searching for a sure thing, then observe bitcoin trending; when trend in in a rise, and price is in a fall, you can
pick up some nice profits there.

I wont even comment about ebay/paypal, since i truly dont believe it will happen. Sorry for the unpopular opinion ^^

[hdbuck]

global economy collapse
(or at least drowns a little bit further;
september - december is going to be fun in that sense.
*popcorn)

[RyNinDaCleM]

My claim is eBay. Think about it, pretty easy:

1) Everyone uses eBay now, including computer illiterates
2) eBay accepts Bitcoin payments
3) Everyone buying shit from the internet sees the "pay with Bitcoin" button
4) They get interested/curious about it
5) Shit hits the fan

Thats it for me. 10k on the way after that.

Overstock is a HUGE retailer. They have pay with BTC on every page and even on their TV commercials. They may have had a part in the bounce from the initial collapse off the ATH, but they definitely aren't making a bit of difference right now. Ebay is HUGE, but unless people see the need to buy BTC just to buy from Ebay, they aren't going to take the extra step. People are stubborn, impatient and lazy. They want to "Buy it now" and get it yesterday rather than learn about Bitcoin, find somewhere to buy it, then make their purchase on the auction that expired a week ago. "Damn, I missed it"

More retailers is great in my opinion. But until there is real incentive to push the general public to learn about and buy some BTC, they aren't going to take the time to figure it out. As far as they are concerned, Big Banks are just fine, and they are content with that.

My BTC.02