Bitcoin Price Jumps with Microsoft News. [image for sharing]

[colinistheman]

I made this image you can share with people if you want:


In all honesty, as we all know here, the price jump isn't that big. Bitcoin has seen way bigger jumps and dips. But the link to Microsoft is very cool, and people will react to this because everyone knows Microsoft. It serves as a good publicity for Bitcoin, so spread the word!

I posted it on my Facebook page.

[Oscilson]

More companies will accept BTC.

[ikydesu]

Good step for bitcoin.
more companies accept BTC = more people will buy it.
but, whether does not rule out the possibility that more people who will sell it?

[Oscilson]

One day, there will be b2b, so that some BTC do not go through exchanges to change into fiats.

[Chef Ramsay]

Good step for bitcoin.
more companies accept BTC = more people will buy it.
but, whether does not rule out the possibility that more people who will sell it?

In order to offset the offloading of coins by these bigger companies that will sell it at the end of the day back to BitPay, there needs to be built-in discounts from paying w/ BTC to keep the demand coming from newer users to pay w/ it. From my perspective, why the hell would I want to pay w/ BTC and expose my wallet addy to any entity when there's no cost benefit for doing so? Furthermore, why would any person that is purchasing a PC think to themselves, "gee, let me try something different and pay with something I know nothing about?" However, if there was some sort of discount that would make a substantial amount of people want to learn about and pay for the product in BTC then you would have a more significant jump in price rather than just an initial 7-10$ short term bump.

[SirChiko]

 Well it should have gone to the 1000s atleast lol, let's see how the value will manage after microsoft will start supporting btc project.

[gabbello]

more companies accept BTC = more people will buy it.

why? does it make sense to buy bitcoins with fiat (often a long taking process) and then spend that bitcoins on buying something that you can pay with fiat in the first place? (and paying more in the end due to various fees)

I doubt that bitcoin will become mainstream just by market adoption, it will become mainstream when people choose to get their wages in bitcoins instead of fiat due to more trust in btc than in usd/eur etc.

[colinistheman]

And hope another big company accepts bitcoin too

Of course they will. It's happening right before our eyes and it will continue

[Flashman]

why the hell would I want to pay w/ BTC and expose my wallet addy to any entity ...

If you have one single sacred address... you're doing it wrong.

[gjgjg]

Funny that MS is one of the first companies (i mean relatively) to accept bitcoin as Bill Gates seemed so cagey about it before and his good buddy in the finance world rubbished it (W.Buffett). I know its not exactly a major connection between them (even with Gates, since he's now gone from MS), but still expected to see MS not join the party until much further down the line. Fair play MS, maybe ive misjudged you recently...

[MicroGuy]

I think the Microsoft news is great!  

Now it's time to place some focus on getting working people paid wages in Bitcoin. That's the holy grail.

[cyberpinoy]

So what is the opposite of a FUD post? How about we call then FHP  a False Hope Post. This is a perfect FHP.

You do realize this time last week LOOOONG before the Microsoft news came out Bitcoin was trading at 368 to 377 dollars? A price jump of 20 dollars in nay direction has absolutely no influence. This is normal day to day Bitcoin trading. It seems, to be Completely Honest about it, there was absolutely no effect to the trading market with the acceptance of Bitcoin by Microsoft, Just trading business as usual.

To be honest it should have been a real movement for bitcoin 100 dollars +, because Microsoft company has always had a tendency to rely on stock investments to secure it's backend and overhead expenses. If anyone knows anything about bill gates they know Microsoft is only 1/3 of his income in that 93 Billion a year he makes, the other 2/3 is from Dividend investments and his international trading account portfolios. He has always used investments to secure Microsoft, what this means is the strategy is to find secure investments buy them and HOLD them for a bigger profit at the end of the year. I was hoping this would have  been good news because this is an investment a bit different from the ones Microsoft is used to buying, as a Bitcoin investment increases the holding of that account all year long making the end of year dump even more profitable for them and still allows them to hold a certain amount of coins for the next year. For me I would have thought news of Microsoft using Bitcoins would actually have brought some interest from the investment community. You know how they are, monkey see monkey doo. ( but it brought no interest) Altho Bill Gates is not the CEO of Microsoft making "ALL" the decisions anymore I will bet you his business structure that which he built Microsoft on is still being implemented.

[mlferro]

I find that very positive and long-term we will have larger increases

[jsgayo]

Mainstream big companies will accept BTC，More and more.

[BittBurger]

Well it should have gone to the 1000s atleast lol, let's see how the value will manage after microsoft will start supporting btc project.

Unfortunately you need a Willie and a Marcus for that.

Everyone needs to get used to reality.  $1100 was not reality.  

Gradual increases of the real, organic, base-value over time (maybe $100 per year? $500 on good a good year?) is going to be reality.

And I wouldn't expect much at all, until merchant adoption changes into consumer adoption.

-B-

[TaunSew]

Why price jump?  Bitcoin needs more users not more merchants who'll liquidate within 10 seconds for $Fiat.

[colinistheman]

So what is the opposite of a FUD post? How about we call then FHP  a False Hope Post. This is a perfect FHP.

You do realize this time last week LOOOONG before the Microsoft news came out Bitcoin was trading at 368 to 377 dollars? A price jump of 20 dollars in nay direction has absolutely no influence. This is normal day to day Bitcoin trading. It seems, to be Completely Honest about it, there was absolutely no effect to the trading market with the acceptance of Bitcoin by Microsoft, Just trading business as usual.

haha, i agree.

But I think I covered that pretty well in the OP:

In all honesty, as we all know here, the price jump isn't that big. Bitcoin has seen way bigger jumps and dips. But the link to Microsoft is very cool, and people will react to this because everyone knows Microsoft. It serves as a good publicity for Bitcoin, so spread the word!

So yes, you're right, the price jump is basically totally negligible. But the graphic is not to impress bitcoin users, it's for public relations.  If it gets a few more people interested, then that's mission accomplished to me. Just trying to do my part 

[Q7]

Seriously this is big. You could say the microsoft adoption by all means is just testing the water but if this really goes through, it's definitely a giant step forward for bitcoin. Expecting further price jump.

[ikydesu]

more companies accept BTC = more people will buy it.

why? does it make sense to buy bitcoins with fiat (often a long taking process) and then spend that bitcoins on buying something that you can pay with fiat in the first place? (and paying more in the end due to various fees)

I doubt that bitcoin will become mainstream just by market adoption, it will become mainstream when people choose to get their wages in bitcoins instead of fiat due to more trust in btc than in usd/eur etc.

More ppl will be interested in btc, they will learn about btc, buy some and in the end they will sell it.

btc will become mainstream, and we will not be special anymore

[turvarya]

Why price jump?  Bitcoin needs more users not more merchants who'll liquidate within 10 seconds for $Fiat.

It's the hen/egg problem all over again.
More merchants being associated with bitcoin, mean more people are hearing about bitcoin, might look into it and might buy some.
Microsoft using Bitcoin also helps the image of Bitcoin. It's hard to say it is money for buying drugs and other illegal things, when Microsoft is using it.

Sure, the best thing for Bitcoin would be a product, that everybody wants and you can just buy with bitcoin. Next best thing, is that people get a discount for using bitcoin, they wouldn't get otherwise. But I think, the pure size and world wide(!) degree of popularity of Microsoft(I am from Austria and would have never heard about Overstock without Bitcoin),  makes up for that.

Btw. the hen/egg-question is actually easy to answer: The egg was there first.