Gotti III (OP)
Member
 Offline
Activity: 60
Merit: 10
|
 |
February 25, 2015, 02:26:16 PM |
|
After Dell Embraces Bitcoin In UK and Canada, what will happen to bitcoin? Given that its only available in UK and Canada. How can Dell's acceptance of Bitcoin affect each of us bitcoiners? |
|
|
|
|
Remember remember the 5th of November
Legendary
Offline
Activity: 1862
Merit: 1011
Reverse engineer from time to time
|
|
February 25, 2015, 02:31:25 PM |
|
It affects us by dropping the price.
|
BTC:1AiCRMxgf1ptVQwx6hDuKMu4f7F27QmJC2
|
|
|
|
ChuckBuck
|
|
February 25, 2015, 02:34:35 PM |
|
Good for adoption and acceptance, bad anytime someone makes a purchase, since Dell immediately dumps the coin for fiat. Double-edged sword, but I'll take it for the long run. |
|
|
|
Gotti III (OP)
Member
Offline
Activity: 60
Merit: 10
|
|
February 25, 2015, 02:42:35 PM |
|
Good for adoption and acceptance, bad anytime someone makes a purchase, since Dell immediately dumps the coin for fiat. Double-edged sword, but I'll take it for the long run. How come you're sure that theyre going to dump it for fiat? |
|
|
|
|
|
ChuckBuck
|
|
February 25, 2015, 03:08:08 PM |
|
Good for adoption and acceptance, bad anytime someone makes a purchase, since Dell immediately dumps the coin for fiat. Double-edged sword, but I'll take it for the long run. How come you're sure that theyre going to dump it for fiat? Because they use Coinbase as a payment processor: https://www.coinbase.com/merchantsPayment processor in this context essentially means Bitcoin to Fiat immediately. Which means Bitcoin sold, which means price goes down as soon as a Bitcoin gets sold for fiat. |
|
|
|
|
networthsigns
|
|
February 25, 2015, 03:15:32 PM |
|
Man! this is pretty bad , i was first thinking it is amazing but never thought of the dumping fact  |
|
|
|
|
koelen3
Legendary
Offline
Activity: 1022
Merit: 1007
Sooner or later, a man who wears two faces forgets
|
|
February 25, 2015, 06:51:00 PM |
|
Though people say this would effect the price!
Dells buy's at exchange rate and they being a big company would keep a limit to reach when to sell their coins , they will not just put up a single order if i suppose the duty given to the guy is being performed nicely
|
|
|
|
|
uki
Legendary
Offline
Activity: 1358
Merit: 1000
cryptojunk bag holder
|
|
February 25, 2015, 07:12:14 PM |
|
It has zero immediate effect on price, I would say. And in the long-term, it may help to spread the adoption range. We will see further ahead what kind of news follow.
|
this space is intentionally left blank
|
|
|
ajareselde
Legendary
Offline
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
|
|
February 25, 2015, 11:58:14 PM |
|
Good for adoption and acceptance, bad anytime someone makes a purchase, since Dell immediately dumps the coin for fiat. Double-edged sword, but I'll take it for the long run. How come you're sure that theyre going to dump it for fiat? Because they use Coinbase as a payment processor: https://www.coinbase.com/merchantsPayment processor in this context essentially means Bitcoin to Fiat immediately. Which means Bitcoin sold, which means price goes down as soon as a Bitcoin gets sold for fiat. The fact that bitcoins get sold right after dont mean price drop, since that very bitcoin had to be bought first, the price isnt affected in a negative way, it does have positive side because it means bigger adoption, possible new users etc.. If someone is to say that dell , or any other merchant acceptance is bad for bitcoin, theyre wrong, since thats the very point of bitcoin. cheers |
|
|
|
|
|
mercistheman
|
|
February 26, 2015, 12:56:36 AM |
|
Depends on if the buyer replaced the coins he/she let go
|
|
|
|
|
|
mlferro
|
|
February 26, 2015, 12:59:55 AM |
|
It has zero immediate effect on price, I would say. And in the long-term, it may help to spread the adoption range. We will see further ahead what kind of news follow.
Of course, immediately it will not affect anything. I think it's despair expect the price to be affected immediately. |
|
|
|
|
cryptworld
|
|
February 26, 2015, 01:07:13 AM |
|
I think the market is really low,probably overstock and newegg have more impact on bitcoin
|
|
|
|
|
PenguinFire
Full Member
Offline
Activity: 154
Merit: 100
That Darn Cat
|
|
February 26, 2015, 01:19:28 AM |
|
I don't see this changing much in the long run. Like .5 percent of their transactions will be done with BC. I don't think anyone that is tech savy trusts Dell products anymore...
|
|
|
|
randy8777
Legendary
Offline
Activity: 896
Merit: 1000
|
|
February 26, 2015, 01:43:54 AM |
|
has dell released some bitcoin sales figures? beside making the price go lower as some one else in this thread mentioned there is no significant effect.
|
|
|
|
|
Kprawn
Legendary
Offline
Activity: 1904
Merit: 1074
|
|
February 26, 2015, 05:47:07 AM |
|
has dell released some bitcoin sales figures? beside making the price go lower as some one else in this thread mentioned there is no significant effect.
I have seen NO information reporting ANY sales figures, since Dell first adopted bitcoin. {2014} They should not have difficulty getting those, because they using a payment processor for all BTC transactions. I just know if it was HUGE it would have been reported in every media channel availlable. They might just be experimenting with this, and if this turns out to be a failure, they would just hide it away. One of the hardware Bitcoin wallet manufacturers should arrange a deal with them to sell a wallet with every computer / notebook / printer .... Then you will see REAL adoption.  |
|
|
|
|
finlon
|
|
February 26, 2015, 08:20:49 AM |
|
Drops the price, specially because it sells it immediately tthrough services like bitpay. And people buyin it, usually don't buy bitcoin specially for that purpose, so in a way its a dump that happens after every purchase.
|
|
|
|
|
Eastwind
|
|
February 26, 2015, 08:33:49 AM |
|
If Dell's supplier accepts BTC, then it is good news.
|
|
|
|
|
koelen3
Legendary
Offline
Activity: 1022
Merit: 1007
Sooner or later, a man who wears two faces forgets
|
|
February 26, 2015, 08:50:10 AM |
|
Good for adoption and acceptance, bad anytime someone makes a purchase, since Dell immediately dumps the coin for fiat. Double-edged sword, but I'll take it for the long run. How come you're sure that theyre going to dump it for fiat? Because they use Coinbase as a payment processor: https://www.coinbase.com/merchantsPayment processor in this context essentially means Bitcoin to Fiat immediately. Which means Bitcoin sold, which means price goes down as soon as a Bitcoin gets sold for fiat. The fact that bitcoins get sold right after dont mean price drop, since that very bitcoin had to be bought first, the price isnt affected in a negative way, it does have positive side because it means bigger adoption, possible new users etc.. If someone is to say that dell , or any other merchant acceptance is bad for bitcoin, theyre wrong, since thats the very point of bitcoin. cheers If you're looking at it with consideration that Dell will sell their bitcoins instantly in a bulk than it will effect the price , as that will be dumping and no matter the increase in number of people , it will decrease the bitcoin rate by little |
|
|
|
|
|
Sindelar1938
|
|
February 26, 2015, 08:50:25 AM |
|
It is good PR for btc and it is good to have quality spending options but...
..I expect the actual price impact to be zilch
|
|
|
|
|
zetaray
|
|
February 26, 2015, 08:55:47 AM |
|
No one buys bitcoin with fiat and pays for the computer with the newly bought bitcoin. The effect is a dump. If they offer a 10% discount for paying with bitcoin, that will be different.  |
|
|
|
|
