Expedia Starts Accepting Bitcoin for Hotel Bookings - page 3.

leezay

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Quote from: ShakyhandsBTCer on June 13, 2014, 04:46:56 PM

Quote from: hodap on June 13, 2014, 02:37:47 PM

Quote from: CEG5952 on June 13, 2014, 12:53:37 PM

In regards to the poll, it seems we've dropped below even the lowest estimate. Goes to show you the unrealistic expectations piled onto this kind of news.

Exactly. People holding bitcoin is gambling right now.

The price of bitcoin often can have very wild swings.

This is still a very short time period to be looking at the price of bitcoin.

The poll is really geared towards the longer term price.

No one can tell what happen tomorrow let alone long term trend of bitcoin.

d2dtk

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We need more good news to have more business adopt and consumers to get more interested

ShakyhandsBTCer

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Quote from: hodap on June 13, 2014, 02:37:47 PM

Quote from: CEG5952 on June 13, 2014, 12:53:37 PM

In regards to the poll, it seems we've dropped below even the lowest estimate. Goes to show you the unrealistic expectations piled onto this kind of news.

Exactly. People holding bitcoin is gambling right now.

The price of bitcoin often can have very wild swings.

This is still a very short time period to be looking at the price of bitcoin.

The poll is really geared towards the longer term price.

d2dtk

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Activity: 518

Merit: 501

Quote from: snarlpill on June 12, 2014, 10:44:31 PM

I definitely don't think this will have any specific effect on BTC price changing. However though, more and more big name companies are starting to accept Bitcoin payments every single day it seems. And this is great news overall. So by itself no huge price jump, but as a smaller part of the big picture snowball effect, it will help in the long-run.

Yes it will definitely help in the long run. However short term I think the price could still rise by the end of the month becuase of more users seeking out bitcoin either to get on board, info, etc. So possibly more people will be investing in BTC thus driving the price up a little for the month of June.

Quote from: hodap on June 13, 2014, 02:37:47 PM

Quote from: CEG5952 on June 13, 2014, 12:53:37 PM

In regards to the poll, it seems we've dropped below even the lowest estimate. Goes to show you the unrealistic expectations piled onto this kind of news.

Exactly. People holding bitcoin is gambling right now.

Bitcoin itself is a gamble just as stocks in the US are a gamble but stocks have a tad more predictability.

hodap

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Quote from: CEG5952 on June 13, 2014, 12:53:37 PM

In regards to the poll, it seems we've dropped below even the lowest estimate. Goes to show you the unrealistic expectations piled onto this kind of news.

Exactly. People holding bitcoin is gambling right now.

CEG5952

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Buy and sell bitcoins,

In regards to the poll, it seems we've dropped below even the lowest estimate. Goes to show you the unrealistic expectations piled onto this kind of news.

kerafym

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Buy on every dip.

This tactic has work every time for the last 5 years.

negafen

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Seem like bitcoin still have other negative news which cancel out positive news.

ShakyhandsBTCer

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Quote from: snarlpill on June 12, 2014, 10:44:31 PM

I definitely don't think this will have any specific effect on BTC price changing. However though, more and more big name companies are starting to accept Bitcoin payments every single day it seems. And this is great news overall. So by itself no huge price jump, but as a smaller part of the big picture snowball effect, it will help in the long-run.

This is why it is so great that companies in various industries are starting to accept bitcoin.

When overstock (a discount retailer) accepts bitcoin, priceline (a discount travel site) is not going to pay attention as to how successful it is. However when expedia accepts bitcoin, priceline will notice how much they get in sales and how their market share will (likely) increase, giving them an incentive to accept bitcoin as well.

The more industries that accept bitcoin the more widely it will become accepted.

cosmicapex

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Quote from: ABitNut on June 12, 2014, 10:41:25 PM

Quote from: Kluge on June 12, 2014, 10:05:54 PM

Quote from: MysticalPotato on June 12, 2014, 02:39:39 AM

Quote from: d2dtk on June 11, 2014, 04:44:09 PM

Expedia, the big online travel site, announced on Wednesday it will begin accepting bitcoin for hotel bookings through its website.

Thus it is becoming the first major travel-agency to take the digital currency.

If the reception is good, the company said it expects to bring bitcoin to its other service lines as well.

Quote

Expedia is the latest big-name retailer to embrace bitcoin. Overstock.com started accepting it in January, and the Chicago Sun-Times began accepting it in April. Dish Network announced in May that it would start accepting bitcoin. There are other travel-related services out there that take bitcoin, some smaller individual travel agencies and 9Flats, an online apartment rental site. CheapAir.com began accepting it in November. But none have the size or exposure of Expedia, which bills itself as the world’s largest full-service travel site.

Don't tell me this isn't great news! Grin

Unfortunately, it isn't.
Walk-in rates at hotels and direct airline and vehicle bookings are almost always cheaper than booking through sites like Expedia.
Frequent travelers rarely use Expedia. In fact, first-time users are usually crestfallen once they see the prices when checking in at hotels.
There is a reason why Expedia, Orbitz, Agoda, etc are all struggling - they do not have the volume to negotiate larger deals within the very fragmented travel and tourism industries.

This is against my pre-conceived notion, so I'll give it a try. I have a particular hotel in the middle of nowhere I'm interested in. It's $90/night (after taxes/fees) online booking a bit over a month in advance. There's nothing I know of going on there on the date I've planned, so I'll try getting a room later at night on the day we go there to see what kind of deal they can do. If I can come in at <$75 for the room, I'll become a true walk-in believer.

There's a good bit of irony here since I would've booked through Expedia before reading this. Grin

I'd be interested in your findings. I believe hotels have a special "rack rate" for walk ins. And it's higher than pre-booking.

I did find that a local travel agent (small business) consistently gets me rates equal to or lower than expedia and agoda.

Third party booking sites are almost always cheaper.

Frequent flyers don't use them because they don't get you elite status and it doesn't earn miles.

d2dtk

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I think the news will pick this up and thus will bring more users seeking to use/understand bitcoin and jump on the train before it leaves the station. Maybe by the end of the month btc will be in the 700's

snarlpill

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I definitely don't think this will have any specific effect on BTC price changing. However though, more and more big name companies are starting to accept Bitcoin payments every single day it seems. And this is great news overall. So by itself no huge price jump, but as a smaller part of the big picture snowball effect, it will help in the long-run.

ABitNut

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Quote from: Kluge on June 12, 2014, 10:05:54 PM

Quote from: MysticalPotato on June 12, 2014, 02:39:39 AM

Quote from: d2dtk on June 11, 2014, 04:44:09 PM

Expedia, the big online travel site, announced on Wednesday it will begin accepting bitcoin for hotel bookings through its website.

Thus it is becoming the first major travel-agency to take the digital currency.

If the reception is good, the company said it expects to bring bitcoin to its other service lines as well.

Quote

Expedia is the latest big-name retailer to embrace bitcoin. Overstock.com started accepting it in January, and the Chicago Sun-Times began accepting it in April. Dish Network announced in May that it would start accepting bitcoin. There are other travel-related services out there that take bitcoin, some smaller individual travel agencies and 9Flats, an online apartment rental site. CheapAir.com began accepting it in November. But none have the size or exposure of Expedia, which bills itself as the world’s largest full-service travel site.

Don't tell me this isn't great news! Grin

Unfortunately, it isn't.
Walk-in rates at hotels and direct airline and vehicle bookings are almost always cheaper than booking through sites like Expedia.
Frequent travelers rarely use Expedia. In fact, first-time users are usually crestfallen once they see the prices when checking in at hotels.
There is a reason why Expedia, Orbitz, Agoda, etc are all struggling - they do not have the volume to negotiate larger deals within the very fragmented travel and tourism industries.

This is against my pre-conceived notion, so I'll give it a try. I have a particular hotel in the middle of nowhere I'm interested in. It's $90/night (after taxes/fees) online booking a bit over a month in advance. There's nothing I know of going on there on the date I've planned, so I'll try getting a room later at night on the day we go there to see what kind of deal they can do. If I can come in at <$75 for the room, I'll become a true walk-in believer.

There's a good bit of irony here since I would've booked through Expedia before reading this. Grin

I'd be interested in your findings. I believe hotels have a special "rack rate" for walk ins. And it's higher than pre-booking.

I did find that a local travel agent (small business) consistently gets me rates equal to or lower than expedia and agoda.

Kluge

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Quote from: MysticalPotato on June 12, 2014, 02:39:39 AM

Quote from: d2dtk on June 11, 2014, 04:44:09 PM

Expedia, the big online travel site, announced on Wednesday it will begin accepting bitcoin for hotel bookings through its website.

Thus it is becoming the first major travel-agency to take the digital currency.

If the reception is good, the company said it expects to bring bitcoin to its other service lines as well.

Quote

Expedia is the latest big-name retailer to embrace bitcoin. Overstock.com started accepting it in January, and the Chicago Sun-Times began accepting it in April. Dish Network announced in May that it would start accepting bitcoin. There are other travel-related services out there that take bitcoin, some smaller individual travel agencies and 9Flats, an online apartment rental site. CheapAir.com began accepting it in November. But none have the size or exposure of Expedia, which bills itself as the world’s largest full-service travel site.

Don't tell me this isn't great news! Grin

Unfortunately, it isn't.
Walk-in rates at hotels and direct airline and vehicle bookings are almost always cheaper than booking through sites like Expedia.
Frequent travelers rarely use Expedia. In fact, first-time users are usually crestfallen once they see the prices when checking in at hotels.
There is a reason why Expedia, Orbitz, Agoda, etc are all struggling - they do not have the volume to negotiate larger deals within the very fragmented travel and tourism industries.

This is against my pre-conceived notion, so I'll give it a try. I have a particular hotel in the middle of nowhere I'm interested in. It's $90/night (after taxes/fees) online booking a bit over a month in advance. There's nothing I know of going on there on the date I've planned, so I'll try getting a room later at night on the day we go there to see what kind of deal they can do. If I can come in at <$75 for the room, I'll become a true walk-in believer.

There's a good bit of irony here since I would've booked through Expedia before reading this. Grin

ShakyhandsBTCer

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It's Money 2.0| It’s gold for nerds | It's Bitcoin

Quote from: Benjig on June 12, 2014, 02:55:34 PM

Nice new, that and the dish accepting bitcoins but actually the price is going down currently Tongue

The price of BTC will likely not react instantly to new companies accepting bitcoin, but it would rather be a long term positive effect as over time more people will be inclined to purchase (and use) bitcoin.

d2dtk

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Quote from: JessyMatt on June 12, 2014, 03:06:21 PM

I reported that already: https://bitcointalksearch.org/topic/another-major-company-accepts-bitcoin-victory-lap-time-649203. Bitcoin value went down by $40 on that news!

You and I reported it on the same day however mine was at 2pm PST and yours at 11PM PST

As for your second link all it did was take us to bitcoinvalues.net nothing showing that you predicted it going down $40

JessyMatt

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I reported that already: https://bitcointalksearch.org/topic/another-major-company-accepts-bitcoin-victory-lap-time-649203. Bitcoin value went down by $40 on that news!

Benjig

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Bogleg

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Won't be long before other travel agency starts accepting bitcoin also.

Ron~Popeil

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Quote from: Gianluca95 on June 12, 2014, 03:06:36 AM

650-750$ Is the right price because the news that Expedia accepts Bitcoin is a little part of BIG news (Ebay will start accepting Bitcoin in the next future, and Microsoft studing it now) !

I think even higher but time will tell. BTC is definitely currently undervalued.

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