PayPal + Bitcoin announcement today?

[promojo]

Do you think Bitcoin can take this news?  Will we see the price go down another $50 today?  What happened to all the speculators that were saying that 2014 will be a "TO THE MOON" year back over $1,000/BTC.   

I think at the end of the day this will create more awareness and adoption but that's about it.  We have had TONS of good news over the past few months and look at where the price is at.  Could it be because of Coinbase/Bitpay cashing out to direct FIAT?  What about the miners?


Thoughts.... GO!

[atsuky]

Seems like the next bitcoin pump is about to go, if paypal accepts bitcoin the price will rise high and maybe someone will lose the train

[promojo]

Seems like the next bitcoin pump is about to go, if paypal accepts bitcoin the price will rise high and maybe someone will lose the train

Looks like there is a lot of buy volume right now too... price is climbing up a bit.

[Reynaldo]

Can you post news link? can't find anything on September news.

[promojo]

Can you post news link? can't find anything on September news.

http://techcrunch.com/ - they were set to go 15 minutes ago.. Still no Braintree/PayPal announcement as of yet.

[azguard]

Seems like the next bitcoin pump is about to go, if paypal accepts bitcoin the price will rise high and maybe someone will lose the train

Maybe this is the trigger and maybe this is backfire to lower price.
Im glad that paypal want to integrate with btc but this is not what i have imagine.

[promojo]

Seems like the next bitcoin pump is about to go, if paypal accepts bitcoin the price will rise high and maybe someone will lose the train

24 hours later and the BTC price is down 3 dollars from yesterday.  Go figure - hey?

[Coinfan]

This bearish trend is a technical one. We are going down because some support levels were breached and many people are scared of that.

It's not based on fundamentals, unless you buy the story that the second generation alt coins are driving away money from bitcoin. Taking in account the small capitalization of these coins and the huge crash on the first generation alt coins, I don't give any credit to this explication.