Here we are 24 hours after the Braintree/PayPal news....

CryptoCarmen

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Quote from: criptix on September 11, 2014, 12:42:10 PM

Some simple things about paypal integration:

1. 115+ million users.
2. 100.000+ merchants
3. 160+ billion transaction vol 2013
4. Huh

5. Profit

What why didnt each paypal user bought 1 btc already.... lmao

Can you imagine that every merchant put on sale only 1 BTC? 100k BTC on sale. Will be huge impact on BTC price.

promojo

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Quote from: btchaste on September 10, 2014, 10:00:28 AM

The huge news of yesterday have pumped a little the value but sincerely I was expecting a more intense rise.

Exactly me too and so did many others in the troll box.

criptix

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Some simple things about paypal integration:

1. 115+ million users.
2. 100.000+ merchants
3. 160+ billion transaction vol 2013
4. Huh

5. Profit

What why didnt each paypal user bought 1 btc already.... lmao

bittown

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When people will see a bitcoin logo in paypal website then maybe the price will rise.

femmecoins

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Quote from: Wilhelm on September 10, 2014, 09:21:09 AM

Quote from: promojo on September 10, 2014, 09:17:26 AM

Quote from: Wilhelm on September 09, 2014, 03:58:42 PM

People will only react in a 24hour period when the price is skyrocketting(immediate profit) or when it crashes(or can crash soon in case of really bad news).

Let's just wait and see

I am just use to seeing price shoot + $5-$30 dollars on good news like it was in the $1200 days.... This year has been really stagnate.

True I believe there has been so much bad and good news that people are oversaturated with information and thev no clue what they should do now

Fundamentals have not changed despite potential for information overload. When in doubt i always try and revisit this and remind myself not to get too drawn into the white noise which makes up much of this 'information'.

tntdgcr

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idiot traders who think "news" is the only movement trend. fundamentals still matter.

exocytosis

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Quote from: inca on September 11, 2014, 06:25:05 AM

Quote from: exocytosis on September 11, 2014, 05:58:02 AM

3600 new coins are mined every day. Miners have to sell a lot of those coins to pay their bills. That's a lot of sell pressure. No wonder the price is in a downtrend now that Gox is gone and Willy isn't fixing the market.

You talk about willy as if there is any actual proof of it's existence. Do you have any or just spreading FUD?

Read The Willy Report.
Also: Look at the market.

inca

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Quote from: exocytosis on September 11, 2014, 05:58:02 AM

3600 new coins are mined every day. Miners have to sell a lot of those coins to pay their bills. That's a lot of sell pressure. No wonder the price is in a downtrend now that Gox is gone and Willy isn't fixing the market.

You talk about willy as if there is any actual proof of it's existence. Do you have any or just spreading FUD?

exocytosis

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3600 new coins are mined every day. Miners have to sell a lot of those coins to pay their bills. That's a lot of sell pressure. No wonder the price is in a downtrend now that Gox is gone and Willy isn't fixing the market.

giveBTCpls

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This is not eBay/PayPal actualling accepting it, it's a good, but still no a big, big thing, not what you are imagining, you are confusing terms here.

promojo

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Quote from: CryptoCarmen on September 10, 2014, 12:55:24 PM

Nothing really happened. All Paypal did is mention Bitcoin in their advertisement and we all know they did just to try to do something with todays Apple announcement. Speculators could buy some coins, but i guess, they already have them. Paypal needs to say what they wil do and when. That should have some impact on price.
Maybe paypal adopting BTC is already inside current price for speculators. Maybe they saw it long tiem ago and buy them.

I don't think people built onto the value of PayPal accepting @ todays rate.... People seem to think coins going to 10,000USD/coin.

InwardContour

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Seems that we can't break through 490$ on Bitstamp, maybe there will be some more dumps incoming.

CryptoCarmen

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Nothing really happened. All Paypal did is mention Bitcoin in their advertisement and we all know they did just to try to do something with todays Apple announcement. Speculators could buy some coins, but i guess, they already have them. Paypal needs to say what they wil do and when. That should have some impact on price.
Maybe paypal adopting BTC is already inside current price for speculators. Maybe they saw it long tiem ago and buy them.

promojo

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Quote from: ThatDGuy on September 10, 2014, 10:19:03 AM

Put very simply, the supply created daily will be cut in half. Assuming demand remains the same, price would have to go up.

Gotcha! Makes complete sense.

ThatDGuy

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Quote from: promojo on September 10, 2014, 09:48:58 AM

Quote from: spazzdla on September 10, 2014, 09:24:09 AM

No news is going to move the BTC price it would appear. Well no good news will move it up I mean. I have a feeling we are going to be waiting until 12.5 block payouts until we see the rise to the next level.

Why does everyone think that price will rise at the split? I am confused there... That only really applies to miners.

Put very simply, the supply created daily will be cut in half. Assuming demand remains the same, price would have to go up.

btchaste

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The huge news of yesterday have pumped a little the value but sincerely I was expecting a more intense rise.

promojo

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Quote from: Wilhelm on September 10, 2014, 09:21:09 AM

True I believe there has been so much bad and good news that people are oversaturated with information and thev no clue what they should do now

I think you are right! Back in late 2013 early 2014 the news was more scarce.

promojo

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Quote from: spazzdla on September 10, 2014, 09:24:09 AM

No news is going to move the BTC price it would appear. Well no good news will move it up I mean. I have a feeling we are going to be waiting until 12.5 block payouts until we see the rise to the next level.

Why does everyone think that price will rise at the split? I am confused there... That only really applies to miners.

spazzdla

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No news is going to move the BTC price it would appear. Well no good news will move it up I mean. I have a feeling we are going to be waiting until 12.5 block payouts until we see the rise to the next level.

Wilhelm

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Quote from: promojo on September 10, 2014, 09:17:26 AM

Quote from: Wilhelm on September 09, 2014, 03:58:42 PM

People will only react in a 24hour period when the price is skyrocketting(immediate profit) or when it crashes(or can crash soon in case of really bad news).

Let's just wait and see

I am just use to seeing price shoot + $5-$30 dollars on good news like it was in the $1200 days.... This year has been really stagnate.

True I believe there has been so much bad and good news that people are oversaturated with information and thev no clue what they should do now

promojo

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Quote from: Mervyn_Pumpkinhead on September 10, 2014, 05:25:00 AM

Bitcoin's price isn't dependent on merchant adoption, I hoped that everyone could have realized it by now. Bitcoin would have to be a practical financial tool in the legal field, for that to be true. Bitcoin only becomes useful when anonymity is a needed factor.
The main factors that drive the price are movements in the shadow economy and politics.

Bitcoin is not completely anonymous. It is all posted on a ledger on the blockchain - let's not forget that.

promojo

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Quote from: trackermut on September 09, 2014, 06:44:36 PM

Market cap over 7 billion, to move this price significantly we need something more substantial than eBay thinking about dipping its toe in the water. Yes its good news and another step towards mass adoption. In my option next step forward for Bitcoin successful launch of ETF, product designed to use bitcoin as a store of wealth and reduce the flow of bitcoins being dumped onto the market daily.

How are the Winklevoss bros doing with that anyway?

promojo

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Quote from: Wilhelm on September 09, 2014, 03:58:42 PM

People will only react in a 24hour period when the price is skyrocketting(immediate profit) or when it crashes(or can crash soon in case of really bad news).

Let's just wait and see

I am just use to seeing price shoot + $5-$30 dollars on good news like it was in the $1200 days.... This year has been really stagnate.

nemo

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The news here is that there is a new avenue for sell pressure.

Hunyadi

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Quote from: ?? on ??

Quote from: Hunyadi on September 10, 2014, 05:17:15 AM

Quote from: Searing on September 10, 2014, 04:14:32 AM

Quote from: trackermut on September 09, 2014, 06:44:36 PM

Market cap over 7 billion, to move this price significantly we need something more substantial than eBay thinking about dipping its toe in the water. Yes its good news and another step towards mass adoption. In my option next step forward for Bitcoin successful launch of ETF, product designed to use bitcoin as a store of wealth and reduce the flow of bitcoins being dumped onto the market daily.

that is my fear if the ETF is launched and everyone goes ho hum...BTC is so over with....ouch! cause I don't see much in the way of moving BTC price
without the ETF and/or some other big news besides yet MORE giant mining farms offering cloud hashing

we need some crazy ass stupid bank/gov't stunt like Cyprus again!

oh well I'll hold my 50 BTC till I'm the last guy to do so...need a hobby and better then collecting cats in my old age.....(good to have goals)

Searing

Searing, you seem so melancholic. ETF will change everything. You can't "ho hum" 'demand and supply'.

No,
Winklevoss ETF will actually be shot down
GABI is already priced in but shorting on bitcoin or failed to raise fund ($200 million is just fake)
Dubai exchange won't create any thing new
more PayPal or whatever businesses "accept" bitcoin (immediately dump it on exchanges via market sells), the more it will crash. It will crash hard because people will only use the new integration to dump all of their BC holdings fast

Ok, that's the spirit Grin

So there is no hope. Bitcoin is doomed. I though the news were good, but it seems I was wrong.

BTW:
BC=blackcoin
BTC=bitcoin
ongel=troll

Mervyn_Pumpkinhead

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Bitcoin's price isn't dependent on merchant adoption, I hoped that everyone could have realized it by now. Bitcoin would have to be a practical financial tool in the legal field, for that to be true. Bitcoin only becomes useful when anonymity is a needed factor.
The main factors that drive the price are movements in the shadow economy and politics.

Hunyadi

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Activity: 1281

Merit: 1000

☑ ♟ ☐ ♚

Quote from: Searing on September 10, 2014, 04:14:32 AM

Quote from: trackermut on September 09, 2014, 06:44:36 PM

Market cap over 7 billion, to move this price significantly we need something more substantial than eBay thinking about dipping its toe in the water. Yes its good news and another step towards mass adoption. In my option next step forward for Bitcoin successful launch of ETF, product designed to use bitcoin as a store of wealth and reduce the flow of bitcoins being dumped onto the market daily.

that is my fear if the ETF is launched and everyone goes ho hum...BTC is so over with....ouch! cause I don't see much in the way of moving BTC price
without the ETF and/or some other big news besides yet MORE giant mining farms offering cloud hashing

we need some crazy ass stupid bank/gov't stunt like Cyprus again!

oh well I'll hold my 50 BTC till I'm the last guy to do so...need a hobby and better then collecting cats in my old age.....(good to have goals)

Searing

Searing, you seem so melancholic. ETF will change everything. You can't "ho hum" 'demand and supply'.

piramida

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Quote from: crocko on September 10, 2014, 04:18:13 AM

When the ETH will become real ?

what exactly do you think "ETH" stands for? evening-time high?

Asrael999

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Quote from: gog1 on September 09, 2014, 08:55:37 PM

we are still in a downtrend will lots of headwind. Until the day when there's a reason for the average joe to buy bitcoin then spend - the supply / demand will be imbalance.

or until the halving,

Bobsurplus

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Quote from: crocko on September 10, 2014, 04:18:13 AM

When the ETH will become real ?

My guess is about 8 weeks from now.

crocko

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'All that glitters is not gold'

When the ETH will become real ?

Searing

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Clueless!

Quote from: trackermut on September 09, 2014, 06:44:36 PM

Market cap over 7 billion, to move this price significantly we need something more substantial than eBay thinking about dipping its toe in the water. Yes its good news and another step towards mass adoption. In my option next step forward for Bitcoin successful launch of ETF, product designed to use bitcoin as a store of wealth and reduce the flow of bitcoins being dumped onto the market daily.

that is my fear if the ETF is launched and everyone goes ho hum...BTC is so over with....ouch! cause I don't see much in the way of moving BTC price
without the ETF and/or some other big news besides yet MORE giant mining farms offering cloud hashing

we need some crazy ass stupid bank/gov't stunt like Cyprus again!

oh well I'll hold my 50 BTC till I'm the last guy to do so...need a hobby and better then collecting cats in my old age.....(good to have goals)

Searing

institutionaltrader

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Quote from: inca on September 09, 2014, 06:26:51 PM

Quote from: zimmah on September 09, 2014, 05:35:01 PM

sure, willy was the sole reason of the price to move

Don't mention that gox was just ten percent of the global exchange volume during that time. Or that 'willy bot' has never been proven - just 'exposed' on a blog and released at a sensitive time to impact the price as much as possible!

Nothing to do with gox being 10 percent. The problem is that most exchanges had fake volume and fake price indexed to gox either willingly (exchange fraud) or via arbitrage.

Now they switched to other exchanges or average of exchanges prices.

g35fan

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I'm nearly convinced the only way a huge jump will happen in the short term is from some sort of US economic collapse. Everything in the markets is so overvalued right now, something's gotta give...

gog1

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we are still in a downtrend will lots of headwind. Until the day when there's a reason for the average joe to buy bitcoin then spend - the supply / demand will be imbalance.

spiderbrain

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And we're 2% up? Yes, nice, isn't it?

trackermut

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Market cap over 7 billion, to move this price significantly we need something more substantial than eBay thinking about dipping its toe in the water. Yes its good news and another step towards mass adoption. In my option next step forward for Bitcoin successful launch of ETF, product designed to use bitcoin as a store of wealth and reduce the flow of bitcoins being dumped onto the market daily.

inca

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Quote from: zimmah on September 09, 2014, 05:35:01 PM

sure, willy was the sole reason of the price to move

Don't mention that gox was just ten percent of the global exchange volume during that time. Or that 'willy bot' has never been proven - just 'exposed' on a blog and released at a sensitive time to impact the price as much as possible!

zimmah

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sure, willy was the sole reason of the price to move

exocytosis

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The reason the price was moving up in previous years, was Willybot.

Now that Gox is gone, there's nothing that can push price up or sustain it at a high level, so it slides slowly down to where it's supposed to be. That's all there is to it.

zimmah

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why the hurry?

any money you do not need within a month or a year, put it in bitcoin, and see how much you have.

by the time you really need your money, chances are you have much more than you would have if you stored it at the bank.

Wilhelm

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Why does if have to react in hours?
Did you download the app and start using it to buy stuff? No?
Well maybe 24hours is a too small timeframe for positive news to reflect in the price.

People will only react in a 24hour period when the price is skyrocketting(immediate profit) or when it crashes(or can crash soon in case of really bad news).

Let's just wait and see

promojo

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And.... many on the troll box were saying - WAIT 8 HOURS and you will see moon shot from all the "great news" and multiple degrees of separation. Look at the price... Currently DOWN ($472) from yesterday ($475).

Let's be honest. That was not huge news. Plus - how many degrees of separation do we need? Sign up on Coinbase - then signup on braintree - download the app - pay with paypal... like what in the actual?

Anyway.... Just as I suspected. Price did not move - it in fact went down. Best comment I read yesterday was - "PayPal featuring Bitcoin in their app commercial. I'm not sure if Bitcoin can handle any more good news right now without imploding."

Topic: Here we are 24 hours after the Braintree/PayPal news.... (Read 3388 times)