BREAKING: PAYPAL PARTNERS WITH BITPAY ET AL

[gjgjg]

Anyone still nervous about apple ipay?

[pennywise]

I think the supply demand imbalance will be even worse - you've more people using coin for purchases creating downward pressure.  You may get a brief boost with speculative money buying - but still, what's the incentive for the average Joe to first go buy BTC, and then spend it vs just using his CC directly?

Well if one currency is being actively traded with and more and more entities recognize its value, it then at the same time becomes more secure store of value. And incentive for speculative buying also goes UP.

[Zombier0]

Finally we will go to the moon

[Kassenzettel]

So i could get my PAYPAL balance to bitcoins 

[9kv]

Jesus Christ, it just spiked $40 in a matter of an hour. I am really surprised that this partnership wasn't already factored in??

[mufa23]

Fuck yeah! And away we go!

[BTCbuisinessman]

this is fucking awesome! hope it gos even higher

[jbrnt]

It is great that PayPal finally accepts bitcoin. But how is it going to work? Are the bitcoin going to be dumped and converted to fiat and credit to users accounts? Can users receive and hold payment in bitcoin? We need more information on this payment hub thing.

[LiteCoinGuy]

Time to buy !

only an idiot buys AFTER the news 

You could have bought after the news and still buy before this rally started.

to be honest: i think you can buy at any time at this stage 

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[TPN]

Only if I could dump my lifesavings 

[seriouscoin]

Fuck yeah! And away we go!

Damn i miss you, how have you been?

[cryptomad]

Can i buy bitcoins with Paypal then or just if are a merchant? Someone Pm me answer So i see reply.

[Lauda]

Well this was a long wait, Bitcoin deserved some better news finally.
There is quite some resistance before we get back to $500 or $600.
The news is still fresh though. Are any other websites reporting about it? Links?

[ChuckBuck]

Well this was a long wait, Bitcoin deserved some better news finally.
There is quite some resistance before we get back to $500 or $600.
The news is still fresh though. Are any other websites reporting about it? Links?

Here's a link from Forbes:

http://www.forbes.com/sites/ryanmac/2014/09/23/paypal-takes-small-step-toward-bitcoin-partners-with-cryptocurrency-processors/

Basically EBay head John Donahoe and Paypal head Scott Ellison are strategically starting with BTC payment for digital goods first as a test, before leaping headfirst into full blown Cryptocurrency integration into Ebay/Paypal marketplace and transactions.

Love it.

[BTCewdquestion]

This has been in the tubes for a few weeks now, largely rumors and vague announcement from paypal brain tree, apple pay, bank of england, other central banks. I am surprised, exactly as other saids, only idiot buy after the news. But the rumor sell the news is this phrase and this could be the truth for this.

The contrary, whales are smartly lined up and things are currently orderly in the market, run the price up, wait for supply of bitcoin to enter the market for sale, as the sell and create liquidity, whales can buy with with little price movement, however  eventually the supply runs outs, the price rallys and if things remain orderly they wait until more supply comes onto the exchange. Eventually less and less supply will hit the markets and the whales will need to ask themselves are they willing to dump millions into a $10,000 bitcoin or or just stop buying more than a few at $600

My bet, things get overheated for the short run and we see a MAJOR MAJOR MAJOR rally that make all bubbles in the history of man look small.

Do i spend my last $200 cash on bitcoin right now an run the risk of being a hog and getting slaughtered.

[blatchcorn]

Time to buy !

only an idiot buys AFTER the news 

You could have bought after the news and still buy before this rally started.

to be honest: i think you can buy at any time at this stage 

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

Here, here 

[Velkro]

WoW, this is huge news
Im suprised almost everyday with bitcoin adoption

[Barnikle]

Paypal needs to become a Bitcoin exchange. Then the sparks will really fly.

But regarding this news, it is pretty huge. This is no shock to any of us, but to the common man this means they are going to start seeing more BTC symbols in their daily purchases (shortly).
I remember when Paypal first came out and I thought "What a stupid name. What is this, some kind of payment service? Never heard of it." Don't look past this Paypal news. It will become a HUGE BTC billboard in due time, metaphorically and literally.

We may see the price of BTC take a hit as those with lots start spending more (and this has been discussed). But this Paypal news is going to for sure attract more buyers.

IAS

ha ha yes.

[Pcpoet]

This is very good news. BTC will go up up and up. THIS IS GREAT!

[WhatTheGox]

sweet