Topic: Apple is buying Bitcoin - page 2. (Read 819 times)

This statement alone taken from the article presents a hypothetical situation IF Apple were to enter the crypto exchange business. There is no finality yet which is very misleading on the title of your thread, OP.

In case the tech-giant does indeed, enter into the crypto space, then this may start other people and businesses to enter into the realm of cryptocurrencies. This is just the tip of the iceberg and the possibilities are endless.

I can't "forget" that and as an investor, you should know that.

There is no way that investors would miss that information because it could give you information and add to your analysis about a certain movement that will happen. If they invested, that would be a huge pump that will happen, that also means that we need to reinvest, if we can. These things could fruit into your profit so you don't need to "forget" this news.

@adaseb with so many fees this is for sure not a good way for any type of real-world usage.
and it's likewise the same problem with all merchants of bitcoin credit cards.
but there are also other crypto currencies and stable coins so maybe it can be possible have an advantage while using these others currencies... and having an hot wallet  will grant some "swap" or internal "exchange" in the future (maybe).

For sure Apple has enough economic power to launch a new crypto service.
I will not surprised if they will invest directly in this technology, not only with classic investment but with some popular new applications. This will be the real big news!

I used Bitpay many years ago, I am actually still surprised they are still around. When the credit cards were blocked by many countries I assumed they were out of business. Anyways here is the issue that I see with using Bitpay.

To fund your Bitpay account, you first need to send BTC to their address, so you first need send BTC into your Bitpay wallet, and then do a transaction and send from your mobile Bitpay wallet into your bitpay hot wallet and later on it will get sent to some bitpay main wallet, and you need to pay transaction fees for all 3 transactions. Most likely there is a way now to just send it from your hardware wallet into your Bitpay hot wallet but you still need to pay to have it sent from your designated bitpay deposit address which later is sent to some Bitpay main wallet. Yes, they charge you the transaction fee to clear any dust on their network. So at $5 a transaction that is around $15 alone on transaction fees.

Then to use the wallet, I think there was another 2% fee or so because that is the standard credit card merchant fee. If you use your CC to buy Groceries the merchant is charged like 2% or so and this is the fee you will need to cover on your end.

So as you can see there are tons of fees, so maybe good for large transactions like buying a car but not for small transaction like buying a coffee.

I get a bit apprehensive if people feel the need to hype the price with news before its occurred and may never occur, its likely we have hot money speculating on higher and trying to trigger such a move.   We cannot move BTC price continually higher without checking and revising lower prices or it becomes unstable and liable to a sell off which is far more damaging then taking a longer time to wind upwards.
   From a quick look at the charts I'm more bullish if we close above, confirm and maintain a price of at least 47163 where it could accumulate further and break a range upwards.   For the moment its still possible we also may check prices down to 30k still, especially if some only hold BTC via leverage then almost always the market will come calling to check those positions.

A wallet app from Apple for cryptocurrencies would be so convenient, and if they launch it - definitely more people will join the crypto-community, sounds like a dream come true! On the other hand, it would also be profitable for the company.

However, as I understand it, it's only a possibility for now? I didn't find any information proving that Apple is actually intending to do so. And, as the record shows, Apple isn't really a big supporter of cryptocurrency. If I'm not mistaken, years ago the company even excluded blockchain app from the AppStore, didn't it? So, sadly, but it seems that for now, Apple is still more likely to go for electric vehicles project.

This is a good alliance between Apple Pay and BitPay that will allow cardholders to buy from the store. I wish that the commissions in these applications were not so expensive at the time of making the transactions because the effect would be negative for the crypto users.

If we have resorted to bitcoin and cryptocurrencies precisely to avoid the cost of traditional transactions and other inconveniences. That would be the only observation I have, it is generally nice news to more payment instruments for crypto users, better is the competition.

https://www.coindesk.com/crypto-payments-provider-bitpay-adds-apple-pay-support

They choose the right decisions to adopt cryptocurrency bitcoin on their payment system, and with that potential surge of 25% I think more apple users will gain interest for this news. Services is very important for them, and hopefully it also brings more progress for bitcoin as it contributes to the worldwide growth of it economy.

It does not surprise me that Apple buys Bitcoin, now that the era of Paypal, Elon Musk, Microstrategy are buying, it is time for the large corporations to buy, also that the shorts in Bitcoin are closed, the volume shows that there is a large amount of purchases in Right now, of course this is days, as it gives an idea of how the daily market moves.



Source: tensorcharts.com

If it is appreciated, there are purchase orders in more than $ 50k, this means that a lot of institutional investment is buying in the market, of course they cannot buy at once because it would cause a large increase in the price, Apple may be in it ...

True, but I wonder if other companies are actually going to follow in the footsteps of MSTR and Tesla and actually outright buy bitcoin as their cash reserve (or whatever they're using it for).  Should this become a corporate trend, you better strap yourself in for a realbull market--$50k will be cheap at that point if the deep pocket companies start buying.  And hell, it seems like that trend has already started, though it hasn't yet been a long one.

Yeah, he did some of that but he also has the knack for finding undervalued companies that don't need restructuring--but in any case, Buffett's name should probably be left out of this discussion, since he'd never buy any crypto through Berkshire Hathaway.  His shareholders would probably dump their stock like crazy if he veered off the path of value investing.

Just remember, he didn't get rich by gambling on common shares bought through stockbrokers.

He got rich by buying controlling interests in companies, restructuring them, and returning them to profitability.

If they decided to follow Tesla, Apple could make a lot bigger news than Tesla ever did. Not because Tesla is small or something, Tesla is big too, they are huge, but this is basically the biggest company in the world and they always have extra cash laying around.

Tesla is still growing believe it or not, I know that doesn't make sense to some people but Tesla is still building manufacturing places all over the world, and will be much bigger and will manufacture and sell a lot more cars, you can pay for a brand new tesla car today and get it as late as a year later in some situations, that will reach to order a brand new one and get it right away situation in the future which means tesla is still growing.

Apple already became that big, you can go to any apple store and get a brand new one, of course building a phone is simpler then a car (and apple will build a car too) but apple do not have too much costs but have insane amount of profit so they always have extra cash they do not put it back into the business.

If Tesla invested 1.5 billion USD worth in Bitcoin to be able to use Bitcoin as a payment option, then what is the purpose of Apple buying Bitcoin? Just to be in trend? Or there is a hidden meaning behind this all? I dont believe they will really add Bitcoin as a payment option in their wallet app. I think it will be like in Paypal, you can only buy Bitcoin after you have transferred fiat on the account; you can not transfer Bitcoin from you wallet to PayPal. Same will be with Apple, but these greedy bustards will add some intermediary fees.

If you are an investor, you will forget that thing. Just focus on bitcoin price movement so you will get a profit from it. The mass adoption has came, we don't need to doubt which company who will accept bitcoin anymore, they will accept it eventually. Our efforts to support bitcoin became a future technology that will be used by most people is coming so we have to create another target from it, I myself will focus on buying bitcoin as much as I can. I'm happy that I still here until now and I must happy as well when bitcoin has a high price. Remember this quote, by the rumor and sell the news, that will help you earn money from bitcoin.

This news is on mainstream media that's why many people speculate that to happen and there are so many what if floating right now. If apple will decide to adopt bitcoin after tesla provably this could give another huge break on bitcoin and expect that we can see more pump since the hype for that is so strong so no wonder other more big names in the business industry will add it up on their options.

Also it's normal to see bandwagons especially at elon side  since wherever the money is for sure we can find them there and it's a business so don't be surprised on that actions.

People are enjoying the bull run too much that they are too eager to push the Bitcoin adoption that fast by making such speculation of bigge lr institution to join in. Apple company hasn't been releasing any statement about this matter because they don't really care that much for now but Apple is not the only huge entities out there that could possibly move the market price again and push the Bitcoin adoption. Some people can't comprehend the situation of the market that they thought bearish market is coming after the price correction hits but it's unexpected to see Elon Musk join the bandwagon that really push a new ATH of Bitcoin.

We are sitting in a sea with many waves and we are trying to get to the beach and live in that big castle over there. Everyone is avoiding those tiny waves and trying to follow the big ones that will vanish shortly and we will regret not catching it up early... We must have the courage to get to those tiny waves as early as possible. I discouraged friends to invest when the price was $35k and told them wait it is getting lower and you can buy it with a better price, now it is $48k. We will never know when there will be a bear market so what I should say is: never invest what you can't afford to lose, study the market and the possibilities and you can start whenever you want and never regret.

I am hearing these speculation in social media for the past few days after Tesla informed the SEC that they purchased $1.5 billion worth of bitcoin and the speculation started to rise with other companies as well and Apple is one company that is said to invest by all the speculators even though there is no information by any authority figure from the company.

What i really cannot understand is why all these speculation, the price of bitcoin has already rallied to valuation we thought was not possible in the past few months and let it hover around before the next rally  .

Well, it's not been confirmed yet but if they decided to follow the move of Tesla then that would really make crypto hype again. As a matter of fact, this will definitely set a new ATH and reach a $100k market this year once other big companies come along but for now, it's just a rumor. However, I am having a hunch now that a big company like Tesla is now venturing into crypto later on those big companies will follow that is why as much as possible fill your bags if you don't want to miss the opportunity.

That might change.

Tesla already bought Bitcoin and there are rumours about Apple and Amazon following the move of Tesla. It is still a rumour so I am not expecting that they will actually do it still, with the current demand, I think they will reconsider especially Amazon. In terms of Apple, I don't think they will be following the steps of Paypal if they actually take that step. It will be more like them accepting Bitcoin to their products.