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Author Topic: Paypal will now look after BTC price - bullish  (Read 3027 times)
BitCoinNutJob
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September 24, 2014, 09:26:31 PM
 #21

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Paypal do not care about the value of the bitcoin or price stability

Yes they basically do, they have room to pull out right now yes but they already care, huge payment companies dont mess about like this they are serious.
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September 24, 2014, 09:26:46 PM
 #22

Nerds are smarter though, in the end the nerds will have the power.

A true nerd cares more about technology than power.

Cryptography is one of the few things you can truly trust.
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September 24, 2014, 10:26:52 PM
 #23

I don't know about just paypal, but big financial players will have more and more control from now on, rather than nerds on this forum.

At least now we know that even if it's the same people that had most of the wealth comming to BTC and owning most of the BTC, they will not be able to create BTC out of thin air.

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September 24, 2014, 10:28:42 PM
 #24

Nerds are smarter though, in the end the nerds will have the power.

A true nerd cares more about technology than power.

But nerds know their enemy.
ravenjt
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September 25, 2014, 09:35:35 AM
 #25

What's the advantage of paying with BTC on paypal rather than fiat? They still charge you.
Isn't the whole point of BTC to avoid charges?
And more generally, why would I want to pay with BTC when my credit card provides me with protection (charge backs)? BTC payments are unprotected.
And BTC-USD exchange costs are high.
Why would I ever want to spend my BTC?

Surely BTC is just a speculative vehicle.
BitCoinNutJob
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September 26, 2014, 12:20:30 AM
 #26

What's the advantage of paying with BTC on paypal rather than fiat? They still charge you.
Isn't the whole point of BTC to avoid charges?
And more generally, why would I want to pay with BTC when my credit card provides me with protection (charge backs)? BTC payments are unprotected.
And BTC-USD exchange costs are high.
Why would I ever want to spend my BTC?

Surely BTC is just a speculative vehicle.


Paypal have to charge more with fiat though since they have greater admin costs dealing with deposits and cash outs in fiat.

I would think they will charge something for providing a user friendly hub for BTC transactions but cheaper fees to will reflect their savings vs fiat.
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September 26, 2014, 10:43:29 AM
 #27

i sure hope, they will push btc price to the moon.
waterpile
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September 26, 2014, 10:52:43 AM
 #28

i sure hope, they will push btc price to the moon.

that will be long term it might take yrs. i just hope the price will be stable for now
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September 26, 2014, 02:44:40 PM
 #29

As big players with big names enters, their wealth is on the line, so they will do whatever is on their hands to try to keep the price going on henceforth. Remember, whales are our friends, as long as whales are here for long term purposes.



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Nagle
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September 26, 2014, 05:34:33 PM
 #30

From the point of view of merchants using Bitcoin as a medium of exchange, they don't care what the long term price trend is. They just need the volatility to be low enough that the price doesn't change too much before they can dump the Bitcoins.
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