Topic: How Big Is The Impact of Dell To Bitcoin? - page 3. (Read 2971 times)
Drops the price, specially because it sells it immediately tthrough services like bitpay. And people buyin it, usually don't buy bitcoin specially for that purpose, so in a way its a dump that happens after every purchase.
has dell released some bitcoin sales figures? beside making the price go lower as some one else in this thread mentioned there is no significant effect.
I have seen NO information reporting ANY sales figures, since Dell first adopted bitcoin. {2014} They should not have difficulty getting those, because they using a payment processor for all BTC transactions.
I just know if it was HUGE it would have been reported in every media channel availlable.
They might just be experimenting with this, and if this turns out to be a failure, they would just hide it away.
One of the hardware Bitcoin wallet manufacturers should arrange a deal with them to sell a wallet with every computer / notebook / printer .... Then you will see REAL adoption.
has dell released some bitcoin sales figures? beside making the price go lower as some one else in this thread mentioned there is no significant effect.
I don't see this changing much in the long run. Like .5 percent of their transactions will be done with BC. I don't think anyone that is tech savy trusts Dell products anymore...
I think the market is really low,probably overstock and newegg have more impact on bitcoin
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.
Depends on if the buyer replaced the coins he/she let go
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
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.
Though people say this would effect the price!
Dells buy's at exchange rate and they being a big company would keep a limit to reach when to sell their coins , they will not just put up a single order if i suppose the duty given to the guy is being performed nicely
Dells buy's at exchange rate and they being a big company would keep a limit to reach when to sell their coins , they will not just put up a single order if i suppose the duty given to the guy is being performed nicely
Man! this is pretty bad , i was first thinking it is amazing but never thought of the dumping fact 
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.
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?
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.
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It affects us by dropping the price.
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?
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