Topic: Another possible reason for the price run-up that we haven't thought of? - page 2. (Read 2083 times)
April 07, 2013, 07:37:33 PM
i doubt Amazon workers have millions to pickup cheap coins on the sly.
April 07, 2013, 07:36:35 PM
It would only be the people involved buying, not the company itself.
I believe Bitcoin is not yet ready for prime time when it comes to big businesses holding bitcoins.
No current software or services for handling private keys within departments (this year's budget mysteriously disappears from the accounting department). Though we are getting there.
I believe Bitcoin is not yet ready for prime time when it comes to big businesses holding bitcoins.
No current software or services for handling private keys within departments (this year's budget mysteriously disappears from the accounting department). Though we are getting there.
April 07, 2013, 06:18:45 PM
I'm wondering if anyone has thought of this yet? It occurred to me there could be another compelling reason altogether for the recent price run-up, which as of the time of this posting is around 163 USD = 1 BTC.
If some major player (such as Amazon, but could be anyone) is currently considering adopting Bitcoin as a payment system, they would be working on developing a prototype of that payment system now. Maybe they will end up using it, maybe they won't, but it is certainly something they would be dedicating research and development resources to. If next month they announce that you can now use BTC as payment, that means the payment system would have been in development for the previous few months and in testing, etc.
All that time, the programmers and testers would have had inside information that lead them to believe they should be investing in BTC. Insider trading, but legal and with currency.
If some major player (such as Amazon, but could be anyone) is currently considering adopting Bitcoin as a payment system, they would be working on developing a prototype of that payment system now. Maybe they will end up using it, maybe they won't, but it is certainly something they would be dedicating research and development resources to. If next month they announce that you can now use BTC as payment, that means the payment system would have been in development for the previous few months and in testing, etc.
All that time, the programmers and testers would have had inside information that lead them to believe they should be investing in BTC. Insider trading, but legal and with currency.
Jump to: