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Author Topic: Dell accepting bitcoin does it make ……  (Read 2295 times)
Ume
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February 22, 2015, 08:12:50 AM
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So now the dell is accepting bitcoin does it increase the value of bitcoin ?
International users can buy there products through bitcoins !


http://www.businessinsider.com/dell-becomes-biggest-company-to-accept-bitcoin-internationally-2015-2
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February 22, 2015, 08:31:49 AM
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So now the dell is accepting bitcoin does it increase the value of bitcoin ?
International users can buy there products through bitcoins !


http://www.businessinsider.com/dell-becomes-biggest-company-to-accept-bitcoin-internationally-2015-2


All kinds of adoption should increase the value of BTC, although very slightly.
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February 22, 2015, 08:34:18 AM
 #3

it will not increase the value because Dell will dump the bitcoins for dollars the moment they get in. It will boost the acceptance and in the long run the demand for bitcoin, the boost in demand might increase the value, but only when the merchants do not dump them for dollars again.

Ume
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February 22, 2015, 08:46:34 AM
 #4

it will not increase the value because Dell will dump the bitcoins for dollars the moment they get in. It will boost the acceptance and in the long run the demand for bitcoin, the boost in demand might increase the value, but only when the merchants do not dump them for dollars again.

I dont think dell will bump btc !

The more companies accept btc the more it value . Also it is the safest and securest way to pay .
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February 22, 2015, 08:58:16 AM
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All kinds of adoption should increase the value of BTC, although very slightly.
Agree, however there are many things that also have effect on price so you never know

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February 22, 2015, 09:41:41 AM
 #6

Nope... not if adoption do not keep up with the amount of BTC that are dumped back onto exchanges, when they convert back to fiat.

These BIG companies use payment processors like Bitpay to do it for them... they never deal with the bitcoins, it just get converted for them and they get the fiat.

So what you end up with, is more people getting exposed to it, but all the money gets converted back to fiat, almost immediately.

It can be a good and a bad thing at the same time.  Sad

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LiteCoinGuy
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February 22, 2015, 09:49:21 AM
 #7

you get a nice discount when you pay with BTC - i guess 5-10% when you buy an alienware pc?

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February 22, 2015, 10:23:47 AM
 #8

So now the dell is accepting bitcoin does it increase the value of bitcoin ?
International users can buy there products through bitcoins !


http://www.businessinsider.com/dell-becomes-biggest-company-to-accept-bitcoin-internationally-2015-2


Just one such event can't help much but if more such ''big'' companies accept bitcoin, we will surely see that value of BTC increasing.
There are many factors which influence the value of btc but in my opinion the most important factor is emotion of people using btc.
If bitcoin users loose trust in bitcoin and start selling bitcoin (in panic like before) instead of buying and investing in bitcoin, price will go down.
We have to raise confidence in BTC again and such good news above can help.

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February 22, 2015, 10:40:42 AM
 #9

you get a nice discount when you pay with BTC - i guess 5-10% when you buy an alienware pc?

Dont know did'nt geard of it but if they give discount buying aleinware for reselling will be. A good investment .
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February 22, 2015, 10:50:12 AM
 #10

Sure it is great thing for wider addoption and may lead to price grow in long run. Hope all big companies will start to accept bitcoin.
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February 22, 2015, 11:07:17 AM
 #11

So now the dell is accepting bitcoin does it increase the value of bitcoin ?
International users can buy there products through bitcoins !


http://www.businessinsider.com/dell-becomes-biggest-company-to-accept-bitcoin-internationally-2015-2


It won't have any immediate impact on the price on its own (unless traders take it as a good sign and start to buy more). But wider adoption should cause the price to rise in a long term, if it comes together with increase in number of bitcoin users.

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February 22, 2015, 11:12:05 AM
 #12

it will not increase the value because Dell will dump the bitcoins for dollars the moment they get in. It will boost the acceptance and in the long run the demand for bitcoin, the boost in demand might increase the value, but only when the merchants do not dump them for dollars again.

I dont think dell will bump btc !

The more companies accept btc the more it value . Also it is the safest and securest way to pay .
they surely will , they cant just hope that bitcoin will remain value.
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February 22, 2015, 12:03:23 PM
 #13

i think it is going to be very good thing for Bitcoin. and i think it doesn't matter if Dell or any company dumps the BTC that they get, as long as people are using BTC it means more publicity and more demand which will lead in increase in value of bitcoin

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February 22, 2015, 01:09:00 PM
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Should be good as more acceptance means more people are getting exposed to bitcoin. In terms of price movements not sure how much difference it will make but I expect in the long run it's going to be bullish.

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February 22, 2015, 01:11:55 PM
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you get a nice discount when you pay with BTC - i guess 5-10% when you buy an alienware pc?

Dont know did'nt geard of it but if they give discount buying aleinware for reselling will be. A good investment .

I was thinking of the exact same thing, depends how you resell it though, ebay for example would have too high fees.  Might just not be worth the hassle.
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February 22, 2015, 01:15:20 PM
 #16

So now the dell is accepting bitcoin does it increase the value of bitcoin ?
International users can buy there products through bitcoins !


http://www.businessinsider.com/dell-becomes-biggest-company-to-accept-bitcoin-internationally-2015-2


It won't have any immediate impact on the price on its own (unless traders take it as a good sign and start to buy more). But wider adoption should cause the price to rise in a long term, if it comes together with increase in number of bitcoin users.

Well that makes sence, with wider adoption more people would have some bitcoins in their wallets, and would buy more often, but when it comes to the bussiness itself thats accepting bitcoins, theres not much
impact there, because they convert profits back to fiat straight away.
If one day only 20% of bussinesses would accept bitcoin, it would create a mass impact tho.

cheers

Ume
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February 22, 2015, 01:28:29 PM
 #17

you get a nice discount when you pay with BTC - i guess 5-10% when you buy an alienware pc?

Dont know did'nt geard of it but if they give discount buying aleinware for reselling will be. A good investment .

I was thinking of the exact same thing, depends how you resell it though, ebay for example would have too high fees.  Might just not be worth the hassle.

Nope we can sell it locally in our country .
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February 22, 2015, 01:30:03 PM
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Adoption does not increase value when the company doesn't hold.  They use Bitpay as their intermediary to convert to FIAT.

Adoption gives more avenues for holders to sell off their position.

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February 22, 2015, 04:02:36 PM
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you get a nice discount when you pay with BTC - i guess 5-10% when you buy an alienware pc?

Hello! can you please tell me something more on that
Am looking to get a system from Alienware and it would be awesome to pay through bitcoins + get some discount
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February 22, 2015, 04:31:17 PM
 #20

It is indeed a step towards making bitcoin popular and if other brands too like Apple start accepting bitcoin, it will surely get recognized and even PayPal would accept it. I hope that happens soon though.


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