Circle Opens Doors to Global Audience

[Ultros]

To the guys not understanding why this is big and good: I have now 10 friends, that got coins from Circle today.. so it has set something in motion.. They are IT ppl, and wanted to buy bitcoin, but the exchanges look shady.. I know they are right, and localbitcoins is not the place to go and try to buy for a novice. Circle is backed by known name institutions, and is not Mt.Gox... I did not want to sell, I want to buy. So now I can sell them more coins than I mine/trade.. so this is good.

Thank you. That's the clear and simple explanation I wanted to read.

[notme]

To the guys not understanding why this is big and good: I have now 10 friends, that got coins from Circle today.. so it has set something in motion.. They are IT ppl, and wanted to buy bitcoin, but the exchanges look shady.. I know they are right, and localbitcoins is not the place to go and try to buy for a novice. Circle is backed by known name institutions, and is not Mt.Gox... I did not want to sell, I want to buy. So now I can sell them more coins than I mine/trade.. so this is good.

I hope you don't live in the US.  If you do you are risking prosecution for financial crimes by selling directly to friends.  The land of the free is not so friendly to financial freedom.

[MNDan]

To the guys not understanding why this is big and good: I have now 10 friends, that got coins from Circle today.. so it has set something in motion.. They are IT ppl, and wanted to buy bitcoin, but the exchanges look shady.. I know they are right, and localbitcoins is not the place to go and try to buy for a novice. Circle is backed by known name institutions, and is not Mt.Gox... I did not want to sell, I want to buy. So now I can sell them more coins than I mine/trade.. so this is good.

I hope you don't live in the US.  If you do you are risking prosecution for financial crimes by selling directly to friends.  The land of the free is not so friendly to financial freedom.

LOL wat?

[exocytosis]

To the guys not understanding why this is big and good: I have now 10 friends, that got coins from Circle today.. so it has set something in motion.. They are IT ppl, and wanted to buy bitcoin, but the exchanges look shady.. I know they are right, and localbitcoins is not the place to go and try to buy for a novice. Circle is backed by known name institutions, and is not Mt.Gox... I did not want to sell, I want to buy. So now I can sell them more coins than I mine/trade.. so this is good.

Yeah, this is huge, and the price clearly reflects that. BTC price is shooting through the roof today. We're obviously headed for the Moon or Mars. The demand is just incredible.

[Oblodo]

To the guys not understanding why this is big and good: I have now 10 friends, that got coins from Circle today.. so it has set something in motion.. They are IT ppl, and wanted to buy bitcoin, but the exchanges look shady.. I know they are right, and localbitcoins is not the place to go and try to buy for a novice. Circle is backed by known name institutions, and is not Mt.Gox... I did not want to sell, I want to buy. So now I can sell them more coins than I mine/trade.. so this is good.

Yeah, this is huge, and the price clearly reflects that. BTC price is shooting through the roof today. We're obviously headed for the Moon or Mars. The demand is just incredible.

Or you have ADD  or is just impatient... it will take time, but it will be easier for people to invest or use BTC..

[yokosan]

To the guys not understanding why this is big and good: I have now 10 friends, that got coins from Circle today.. so it has set something in motion.. They are IT ppl, and wanted to buy bitcoin, but the exchanges look shady.. I know they are right, and localbitcoins is not the place to go and try to buy for a novice. Circle is backed by known name institutions, and is not Mt.Gox... I did not want to sell, I want to buy. So now I can sell them more coins than I mine/trade.. so this is good.

Yeah, this is huge, and the price clearly reflects that. BTC price is shooting through the roof today. We're obviously headed for the Moon or Mars. The demand is just incredible.

wow you people are pathetic...

Why would the price suddenly start rocketing? It will go up slowly and steadily as circle attracts new people to Bitcoin.

They have a mass advertising campaign going on in universities soon. Even that wont double the price overnight, but they are advertising their service to the right people and as they grow the price will go up...

At least I can buy cheap coins off the naysayers expecting the price to rocket whenever there is some good news just to sell when it doesn't happen...

[Oblodo]

To the guys not understanding why this is big and good: I have now 10 friends, that got coins from Circle today.. so it has set something in motion.. They are IT ppl, and wanted to buy bitcoin, but the exchanges look shady.. I know they are right, and localbitcoins is not the place to go and try to buy for a novice. Circle is backed by known name institutions, and is not Mt.Gox... I did not want to sell, I want to buy. So now I can sell them more coins than I mine/trade.. so this is good.

Yeah, this is huge, and the price clearly reflects that. BTC price is shooting through the roof today. We're obviously headed for the Moon or Mars. The demand is just incredible.

Nice avatar btw... oh, wait, you did not get one...

[sbrzol]

if circle so "big" and "good" news can bitcoin price go back over $400 within 1-2 week or stay at $380 ?

of course you cant say it for sure , if 2 weeks not enough for a so good news to push the price up/back $20 for at least 1 week, then i have no more question in short term

[Nagle]

For all bears, this is something new for you:

https://www.circle.com/ja/2014/09/29/circle-opens-doors-global-audience

Circle makes big announcement, price goes down.

It seems that every time someone makes an announcement of something that makes it easier to spend Bitcoins, the price goes down.

[bucktotal]

i checked out circle today too. it did seem slick aside from some weird stock photos of "happy free good looking people", but lol marketing and stuff...

i got setup to buy 5k usd of bitcoin and it said the fee would be 42 dollars via my linked credit card. i did not buy the coins, just playing around, but the whole process of signing up to being able to buy took a few min. sweet.

the insurance also is great. makes you feel a bit better. However, i did want to add an anecdote about insurance. I hang around old school bankers and lawyers sometimes and the most skeptical ones often cite insurance as a big issue. not necessarily against theft from the exchange, but the ability to just grab you and beat the shit out of you until you give up your passwords and then you lose all your money. they just can't get on board while this is a possibility. they are not interested in securing their own coins to the extent that we early adopters do. Either they dont want to or they just technically can't do it (that is, knowledge, skills, interest, etc).
 

[PenAndPaper]

I hang around old school bankers and lawyers sometimes and the most skeptical ones often cite insurance as a big issue. not necessarily against theft from the exchange, but the ability to just grab you and beat the shit out of you until you give up your passwords and then you lose all your money.

So your old school bankers don't even use cc or internet banking?

[criptix]

Circle customers will have 100 percent coverage of their full deposit value.

wow.

instantly buy bitcoin and also 100% insurance, what the fuck does the average joe needs more?

countdown to next ath is already running  

[bucktotal]

I hang around old school bankers and lawyers sometimes and the most skeptical ones often cite insurance as a big issue. not necessarily against theft from the exchange, but the ability to just grab you and beat the shit out of you until you give up your passwords and then you lose all your money.

So your old school bankers don't even use cc or internet banking?

they do. and i guess they feel they are insured against these types of events... as these legacy payments can always be reversed.

[Ibian]

I hang around old school bankers and lawyers sometimes and the most skeptical ones often cite insurance as a big issue. not necessarily against theft from the exchange, but the ability to just grab you and beat the shit out of you until you give up your passwords and then you lose all your money.

So your old school bankers don't even use cc or internet banking?

they do. and i guess they feel they are insured against these types of events... as these legacy payments can always be reversed.

Electrum offline wallet, put the seed in a bank vault.

[kkhashu]

For all bears, this is something new for you:

https://www.circle.com/ja/2014/09/29/circle-opens-doors-global-audience

Circle makes big announcement, price goes down.

It seems that every time someone makes an announcement of something that makes it easier to spend Bitcoins, the price goes down.

True, because they tie up with coinbase and redeem their bitcoin instantly when they receive coin.
For them nothing changed and because of them Bitcoin price on pressure.

[sbrzol]

USA woke up  and so many of them use the new Circle buying options that the price can reach its todays lowest

[bucktotal]

I hang around old school bankers and lawyers sometimes and the most skeptical ones often cite insurance as a big issue. not necessarily against theft from the exchange, but the ability to just grab you and beat the shit out of you until you give up your passwords and then you lose all your money.

So your old school bankers don't even use cc or internet banking?

they do. and i guess they feel they are insured against these types of events... as these legacy payments can always be reversed.

Electrum offline wallet, put the seed in a bank vault.

ok, i could help them out, and i do in some cases. but clearly the point is (from my first post) that they will not/cannot come to this conclusion on their own, and so it will take a while yet before lots of people even consider this as a viable option. also your option means its a huge pain to use their btc. maybe its just a store of value you to, but certainly not to them yet either.

[PenAndPaper]

I hang around old school bankers and lawyers sometimes and the most skeptical ones often cite insurance as a big issue. not necessarily against theft from the exchange, but the ability to just grab you and beat the shit out of you until you give up your passwords and then you lose all your money.

So your old school bankers don't even use cc or internet banking?

they do. and i guess they feel they are insured against these types of events... as these legacy payments can always be reversed.

Yeah, so the criminals might have to kill them on top of beating them up to make sure that nothing gets reversed.
With bitcoin you 'll get away with just a beating and no money.

[Ibian]

I hang around old school bankers and lawyers sometimes and the most skeptical ones often cite insurance as a big issue. not necessarily against theft from the exchange, but the ability to just grab you and beat the shit out of you until you give up your passwords and then you lose all your money.

So your old school bankers don't even use cc or internet banking?

they do. and i guess they feel they are insured against these types of events... as these legacy payments can always be reversed.

Electrum offline wallet, put the seed in a bank vault.

ok, i could help them out, and i do in some cases. but clearly the point is (from my first post) that they will not/cannot come to this conclusion on their own, and so it will take a while yet before lots of people even consider this as a viable option. also your option means its a huge pain to use their btc. maybe its just a store of value you to, but certainly not to them yet either.

Being a store of value is a property of sound money. Ask them how beating their keys out of them is different from beating their cash out of them. Or their plastic and pin. Or their online banking info.

Anything can be stolen given enough effort. This is not new and is a standard part of everyday life. Bitcoin is new and therefore scary, but the underlying realities of life have not changed.

[bucktotal]

I hang around old school bankers and lawyers sometimes and the most skeptical ones often cite insurance as a big issue. not necessarily against theft from the exchange, but the ability to just grab you and beat the shit out of you until you give up your passwords and then you lose all your money.

So your old school bankers don't even use cc or internet banking?

they do. and i guess they feel they are insured against these types of events... as these legacy payments can always be reversed.

Electrum offline wallet, put the seed in a bank vault.

ok, i could help them out, and i do in some cases. but clearly the point is (from my first post) that they will not/cannot come to this conclusion on their own, and so it will take a while yet before lots of people even consider this as a viable option. also your option means its a huge pain to use their btc. maybe its just a store of value you to, but certainly not to them yet either.

Being a store of value is a property of sound money. Ask them how beating their keys out of them is different from beating their cash out of them. Or the plastic and pin. Or their online banking info.

Anything can be stolen given enough effort. This is not new and is a standard part of everyday life. Bitcoin is new and therefore scary, but the underlying realities of life have not changed.

definitely. and thats the conclusion i came to as well (besides the plastic and pin part.. that can be reversed after a beating i think). anyway, i tried to convey its similar to cash, yet better in the sense that they can carry around what they are willing to lose and they can have other more safe measures to access a bit more, and then their real safe big storage is the most secured, and actually a bit difficult for them to retrieve - that is, impossible to retrieve via a beating.

honestly, i dont try that hard with these guys. i think they will slowly come around as new simpler tools are built for them to solve these types of concerns.