BOOM! BREAKING: Apple to allow bitcoin transmitting apps in AppStore - page 3.

ElectricMucus

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Marketing manager - GO MP

Quote from: zacoins on June 02, 2014, 05:49:56 PM

everyone buys new phones in the fall (september - november). if apple doesn't start allowing bitcoin apps now then android phones will take their marketshare

I think apple will def support bitcoin apps if apple doesn't want to lose millions of dollars in lost revenue which will affect their stock price and future earning potentials

hahahaha oh wow

zacoins

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everyone buys new phones in the fall (september - november). if apple doesn't start allowing bitcoin apps now then android phones will take their marketshare

I think apple will def support bitcoin apps if apple doesn't want to lose millions of dollars in lost revenue which will affect their stock price and future earning potentials

deadley

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If Apple really accept Bitcoins transaction, It will be big boost for Bitcoins because of acceptance of istore.

Raystonn

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Quote from: pinksheep on June 02, 2014, 05:22:20 PM

or for that matter moves of $1000 a day?

At $660 it's quite common to see daily price movements of $35. If we assume the same level of volatility, then at $2,000 it will be common to see daily price movements of $100, and at $20,000 it will be common to see daily price movements of $1,000.

Volatility is likely to decrease as market cap increases, though.

PenAndPaper

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Suddenly 1000$ seems quite low...

pinksheep

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or for that matter moves of $1000 a day?

pinksheep

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Quote from: JimboToronto on June 02, 2014, 04:13:43 PM

Quote from: farnsworth7 on June 02, 2014, 03:53:49 PM

Fasten your seatbelt, we are going vertical !

It won't reach the vertical stage until at least 5 digits.

We're still all early adopters.

When it reaches the vertical stage, how much do you think it will rise per day? (on average). When will we hit moves of over $100 per day?

Mitchell

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Quote from: Carlton Banks on June 02, 2014, 05:17:00 PM

Quote from: Mitchell on June 02, 2014, 04:25:49 PM

Quote

Apps may facilitate transmission of approved virtual currencies provided that they do so in compliance with all state and federal laws for the territories in which the app functions

I am not so sure yet. Those parts worry me, a lot.

They're probably just trying to waive their responsibility for how it gets used, in as broadly interpreted (i.e. vague) a way as is possible. When you really scrutinies the wording, it implies that when you travel to a state/federation that has legislation against "virtual" currencies, the app itself is deemed to be violating Apple's appstore guidelines. Which is pretty laughable.

Hmmm, that makes sense to be honest. It sounds very Apple-like at least. Well, will see how it goes and what it does to the price Grin

Carlton Banks

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Quote from: Mitchell on June 02, 2014, 04:25:49 PM

Quote

Apps may facilitate transmission of approved virtual currencies provided that they do so in compliance with all state and federal laws for the territories in which the app functions

I am not so sure yet. Those parts worry me, a lot.

They're probably just trying to waive their responsibility for how it gets used, in as broadly interpreted (i.e. vague) a way as is possible. When you really scrutinies the wording, it implies that when you travel to a state/federation that has legislation against "virtual" currencies, the app itself is deemed to be violating Apple's appstore guidelines. Which is pretty laughable.

kireinaha

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I suspect that the same people who claim that the Cyprus bail-in sparked the April 2013 ATH will look back and proclaim that iOS 8 caused the July 2014 ATH.

Torque

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If some bitcoiners believe that Apple is willing to actually lose marketshare to Android over this whole bitcoin thing, they are dead wrong. Even Apple sees the writing on the wall that in just a few short years, bitcoin is going to be e-v-e-r-y-w-h-e-r-e, worldwide. And the main apps people will use to buy goods and services with btc will be on a smartphone.

No way they are going to sit on the sidelines and watch this blow up big.

Alley

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How long till it is in the istore?

DolanDuck

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Prepare to leave the station, this huge news can lead btc to a new all time high, 1000$ will be the bottom value in few weeks.

Mitchell

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Quote

Apps may facilitate transmission of approved virtual currencies provided that they do so in compliance with all state and federal laws for the territories in which the app functions

I am not so sure yet. Those parts worry me, a lot.

BittBurger

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If IRS says Bitcoin is "okay" then Bitcoin is "an approved virtual currency".

Don't read into it too much. They left it vague because they're not idiots, and they know there is more than one.

Otherwise they have to rewrite the sentence over and over.

-B-

JimboToronto

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