No one buys bitcoin with fiat and pays for the computer with the newly bought bitcoin. The effect is a dump. If they offer a 10% discount for paying with bitcoin, that will be different. 
Or start paying their employees with bitcoin. 
Topic: How Big Is The Impact of Dell To Bitcoin? - page 2. (Read 2921 times)
Well! it will be awesome
It affects us by dropping the price.
I disagree with this. I would say it would help increase the price over the long run as people buy bitcoin with the intention of spending it on dell computers, and then start to use it for other purposes as well 
After Dell Embraces Bitcoin In UK and Canada, what will happen to bitcoin?
Given that its only available in UK and Canada.
How can Dell's acceptance of Bitcoin affect each of us bitcoiners?
Given that its only available in UK and Canada.
How can Dell's acceptance of Bitcoin affect each of us bitcoiners?
Probably not much for now. Else you should see the price going up. I think the effect would be more profound towards long term because if you have a company successfully integrating bitcoin to their payment system, you will see others which will follow suit and if that expands into every company accepting bitcoin, there will be quite a demand for it.
I agree with you.
One single company as Dell is not enough to change the negative trend right now, bit more such '' big'' companies over period of time can help bitcoin.
Many bitcoin users right now don't see ''big picture'' and reacting in fear, selling BTC in panic.
For such people, one ''positive'' news like this will not help much but more such positive news can help to change thinking of people, so that they recover their confidence in BTC.
After Dell Embraces Bitcoin In UK and Canada, what will happen to bitcoin?
Given that its only available in UK and Canada.
How can Dell's acceptance of Bitcoin affect each of us bitcoiners?
Given that its only available in UK and Canada.
How can Dell's acceptance of Bitcoin affect each of us bitcoiners?
Good for adoption and acceptance, bad anytime someone makes a purchase, since Dell immediately dumps the coin for fiat.
Double-edged sword, but I'll take it for the long run.
How come you're sure that theyre going to dump it for fiat?
Because they use Coinbase as a payment processor:
https://www.coinbase.com/merchants
Payment processor in this context essentially means Bitcoin to Fiat immediately. Which means Bitcoin sold, which means price goes down as soon as a Bitcoin gets sold for fiat.
Coins are constantly being bought and sold at exchanges so how is there any sense in this? Are you saying bitcoin needs to be held for the price to rise? This is just some twisted logic people use because they can't find reasons for why bitcoin isn't magically rising all the time so they blame it on people selling their coins. Well what do you expect people to do? The more people that get involved the more demand their is for coins and they need to buy them from somewhere. You might as well blame the miners for selling their coins for fiat too.
Guess, you didn't catch my double-edged sword comment above...
After Dell Embraces Bitcoin In UK and Canada, what will happen to bitcoin?
Given that its only available in UK and Canada.
How can Dell's acceptance of Bitcoin affect each of us bitcoiners?
Given that its only available in UK and Canada.
How can Dell's acceptance of Bitcoin affect each of us bitcoiners?
Good for adoption and acceptance, bad anytime someone makes a purchase, since Dell immediately dumps the coin for fiat.
Double-edged sword, but I'll take it for the long run.
How come you're sure that theyre going to dump it for fiat?
Because they use Coinbase as a payment processor:
https://www.coinbase.com/merchants
Payment processor in this context essentially means Bitcoin to Fiat immediately. Which means Bitcoin sold, which means price goes down as soon as a Bitcoin gets sold for fiat.
Coins are constantly being bought and sold at exchanges so how is there any sense in this? Are you saying bitcoin needs to be held for the price to rise? This is just some twisted logic people use because they can't find reasons for why bitcoin isn't magically rising all the time so they blame it on people selling their coins. Well what do you expect people to do? The more people that get involved the more demand their is for coins and they need to buy them from somewhere. You might as well blame the miners for selling their coins for fiat too.
It has zero immediate effect on price, I would say. And in the long-term, it may help to spread the adoption range. We will see further ahead what kind of news follow.
Of course, immediately it will not affect anything. I think it's despair expect the price to be affected immediately.After Dell Embraces Bitcoin In UK and Canada, what will happen to bitcoin?
Given that its only available in UK and Canada.
How can Dell's acceptance of Bitcoin affect each of us bitcoiners?
Given that its only available in UK and Canada.
How can Dell's acceptance of Bitcoin affect each of us bitcoiners?
Good for adoption and acceptance, bad anytime someone makes a purchase, since Dell immediately dumps the coin for fiat.
Double-edged sword, but I'll take it for the long run.
How come you're sure that theyre going to dump it for fiat?
Because they use Coinbase as a payment processor:
https://www.coinbase.com/merchants
Payment processor in this context essentially means Bitcoin to Fiat immediately. Which means Bitcoin sold, which means price goes down as soon as a Bitcoin gets sold for fiat.
The fact that bitcoins get sold right after dont mean price drop, since that very bitcoin had to be bought first, the price isnt affected in a negative way,
it does have positive side because it means bigger adoption, possible new users etc..
If someone is to say that dell , or any other merchant acceptance is bad for bitcoin, theyre wrong, since thats the very point of bitcoin.
cheers
If you're looking at it with consideration that Dell will sell their bitcoins instantly in a bulk than it will effect the price , as that will be dumping and no matter the increase in number of people , it will decrease the bitcoin rate by little
how can it affect the price when bitcoin had to be bought in the first place? at best it would just create more room between bid and ask price.
i buy bitcoin, buy on dell site, they sell that bitcoin, the price evens out. its a different thing if you are spending bitcoin u has earlier.
cheers
So will joe pay with cash or think NO i should pay via BTC with all the hassle of learning and doing shit
AND then there are you , knowing about bitcoin and shit , you need something from that shop , you go and you have 3 choices , you choose whatever is fine and you pay.
So Dell accepting bitcoin is more useful for people already using btc and won't put much effect on buying side
There a two pretty obvious good things about merchants like Dell accepting Bitcoin:
1. A lot of people still think, Bitcoin is drug money. Have you heard about the Silk Road trial? That is how a lot of people see the use of Bitcoin.
So, even when you tell them all the good things about it, they still don't see any use for it, because they don't want to do illegal stuff, so they don't even look into it. That changes when a big player like Dell accepts it, so people think: "Oh, you can also do legal stuff with this Bitcoin, maybe I can use it for something"
2. It makes the market more fluid. I haven't meet anyone, who said, he pays with Bitcoin, but doesn't buy back the amount he used. So, yes, that is the pressure on the buying side.
Your example is just plain stupid: Would Joe see, that the merchant accepts Mastercard and go through all the hassle to get one? Same thing. No, he won't just for that one purchase, but after seeing it a couple of times, he might consider going through that hassle.
After Dell Embraces Bitcoin In UK and Canada, what will happen to bitcoin?
Given that its only available in UK and Canada.
How can Dell's acceptance of Bitcoin affect each of us bitcoiners?
Given that its only available in UK and Canada.
How can Dell's acceptance of Bitcoin affect each of us bitcoiners?
Probably not much for now. Else you should see the price going up. I think the effect would be more profound towards long term because if you have a company successfully integrating bitcoin to their payment system, you will see others which will follow suit and if that expands into every company accepting bitcoin, there will be quite a demand for it.
After Dell Embraces Bitcoin In UK and Canada, what will happen to bitcoin?
Given that its only available in UK and Canada.
How can Dell's acceptance of Bitcoin affect each of us bitcoiners?
Given that its only available in UK and Canada.
How can Dell's acceptance of Bitcoin affect each of us bitcoiners?
Good for adoption and acceptance, bad anytime someone makes a purchase, since Dell immediately dumps the coin for fiat.
Double-edged sword, but I'll take it for the long run.
How come you're sure that theyre going to dump it for fiat?
Because they use Coinbase as a payment processor:
https://www.coinbase.com/merchants
Payment processor in this context essentially means Bitcoin to Fiat immediately. Which means Bitcoin sold, which means price goes down as soon as a Bitcoin gets sold for fiat.
The fact that bitcoins get sold right after dont mean price drop, since that very bitcoin had to be bought first, the price isnt affected in a negative way,
it does have positive side because it means bigger adoption, possible new users etc..
If someone is to say that dell , or any other merchant acceptance is bad for bitcoin, theyre wrong, since thats the very point of bitcoin.
cheers
If you're looking at it with consideration that Dell will sell their bitcoins instantly in a bulk than it will effect the price , as that will be dumping and no matter the increase in number of people , it will decrease the bitcoin rate by little
how can it affect the price when bitcoin had to be bought in the first place? at best it would just create more room between bid and ask price.
i buy bitcoin, buy on dell site, they sell that bitcoin, the price evens out. its a different thing if you are spending bitcoin u has earlier.
cheers
So will joe pay with cash or think NO i should pay via BTC with all the hassle of learning and doing shit
AND then there are you , knowing about bitcoin and shit , you need something from that shop , you go and you have 3 choices , you choose whatever is fine and you pay.
So Dell accepting bitcoin is more useful for people already using btc and won't put much effect on buying side
i think no effect on the price
but this is good for marketing bitcoin, that dell embrace bitcoin in uk and canada
this means, other company should aware that there is another payment options is using bitcoin
but this is good for marketing bitcoin, that dell embrace bitcoin in uk and canada
this means, other company should aware that there is another payment options is using bitcoin
Its good and bad..
Because there is not enough buy pressure for us to be able to accept the amount of Dell and Microsoft is dumping all the time.
Because there is not enough buy pressure for us to be able to accept the amount of Dell and Microsoft is dumping all the time.
After Dell Embraces Bitcoin In UK and Canada, what will happen to bitcoin?
Given that its only available in UK and Canada.
How can Dell's acceptance of Bitcoin affect each of us bitcoiners?
Given that its only available in UK and Canada.
How can Dell's acceptance of Bitcoin affect each of us bitcoiners?
Good for adoption and acceptance, bad anytime someone makes a purchase, since Dell immediately dumps the coin for fiat.
Double-edged sword, but I'll take it for the long run.
How come you're sure that theyre going to dump it for fiat?
Because they use Coinbase as a payment processor:
https://www.coinbase.com/merchants
Payment processor in this context essentially means Bitcoin to Fiat immediately. Which means Bitcoin sold, which means price goes down as soon as a Bitcoin gets sold for fiat.
The fact that bitcoins get sold right after dont mean price drop, since that very bitcoin had to be bought first, the price isnt affected in a negative way,
it does have positive side because it means bigger adoption, possible new users etc..
If someone is to say that dell , or any other merchant acceptance is bad for bitcoin, theyre wrong, since thats the very point of bitcoin.
cheers
If you're looking at it with consideration that Dell will sell their bitcoins instantly in a bulk than it will effect the price , as that will be dumping and no matter the increase in number of people , it will decrease the bitcoin rate by little
how can it affect the price when bitcoin had to be bought in the first place? at best it would just create more room between bid and ask price.
i buy bitcoin, buy on dell site, they sell that bitcoin, the price evens out. its a different thing if you are spending bitcoin u has earlier.
cheers
I am really amazed that people still don't understand how Bitpay works:
Merchants can decide to keep 0-100% of the Bitcoin they earn. There is no reason to believe that especially a company like Dell(with a lot of profit, so, they don't have to dump all BTC to pay their bills) wouldn't keep a fraction of their Bitcoin.
Merchants can decide to keep 0-100% of the Bitcoin they earn. There is no reason to believe that especially a company like Dell(with a lot of profit, so, they don't have to dump all BTC to pay their bills) wouldn't keep a fraction of their Bitcoin.
none whatsoever as others have said, stop thinking "merchant adoption" is going to help the price because it hasn't so far and it wont, merchants are forced to convert the btc back to fiat because they need to pay their bills and taxes in fiat, end of story
btc is useful for buying illegal shit and for holding as a get rich or lose everything gamble (the reason most of are still here if we're being honest), give me one good reason why anyone should wire money to a btc exchange to use that btc on something they could buy with their debit card, there just isn't any point
btc is useful for buying illegal shit and for holding as a get rich or lose everything gamble (the reason most of are still here if we're being honest), give me one good reason why anyone should wire money to a btc exchange to use that btc on something they could buy with their debit card, there just isn't any point
No one buys bitcoin with fiat and pays for the computer with the newly bought bitcoin. The effect is a dump. If they offer a 10% discount for paying with bitcoin, that will be different.
It is good PR for btc and it is good to have quality spending options but...
..I expect the actual price impact to be zilch
..I expect the actual price impact to be zilch
After Dell Embraces Bitcoin In UK and Canada, what will happen to bitcoin?
Given that its only available in UK and Canada.
How can Dell's acceptance of Bitcoin affect each of us bitcoiners?
Given that its only available in UK and Canada.
How can Dell's acceptance of Bitcoin affect each of us bitcoiners?
Good for adoption and acceptance, bad anytime someone makes a purchase, since Dell immediately dumps the coin for fiat.
Double-edged sword, but I'll take it for the long run.
How come you're sure that theyre going to dump it for fiat?
Because they use Coinbase as a payment processor:
https://www.coinbase.com/merchants
Payment processor in this context essentially means Bitcoin to Fiat immediately. Which means Bitcoin sold, which means price goes down as soon as a Bitcoin gets sold for fiat.
The fact that bitcoins get sold right after dont mean price drop, since that very bitcoin had to be bought first, the price isnt affected in a negative way,
it does have positive side because it means bigger adoption, possible new users etc..
If someone is to say that dell , or any other merchant acceptance is bad for bitcoin, theyre wrong, since thats the very point of bitcoin.
cheers
If you're looking at it with consideration that Dell will sell their bitcoins instantly in a bulk than it will effect the price , as that will be dumping and no matter the increase in number of people , it will decrease the bitcoin rate by little
It only give temporary to bitcoin price 
Then bitcoin price drop quickly
But, i think nobody use bitcoin to buy dell product
Then bitcoin price drop quickly
But, i think nobody use bitcoin to buy dell product
If Dell's supplier accepts BTC, then it is good news.
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