More good news for BitCoin haha | Bitcointalksearch.org

mbaeichapareiko

member

Activity: 101

Merit: 10

Just using a little hopeful thinking that the pattern of price drop with good news of adoption would continue, and allow us more time to buy btc and good prices.

Overstock is accepting btc internationally whereas before it was just in the U.S. I believe.

Quote from: transient858 on August 20, 2014, 06:09:16 AM

Quote from: mbaeichapareiko on August 20, 2014, 01:55:06 AM

http://seekingalpha.com/news/1943655-overstock-to-permit-bitcoin-payments-for-international-sales

ready for another price drop, I hope so, time to accumulate some more. Lets go. here we go.

How is good news going to cause the price to drop? Thought overstock already allow bitcoin payment for a while?

bradleyb5155

newbie

Activity: 59

Merit: 0

Think about how big and powerful these companies are...
If bitcoin is worth a lot of money then the companies will be receiving less bit coins...
In the long term the companies benefit immensely from a low bitcoin price, this gives them a chance to scoop up more bitcoins for, when in the future they are worth a lot more...

zolace

sr. member

Activity: 364

Merit: 250

Quote from: MrBtcSenior on August 20, 2014, 02:58:44 AM

I'm losing my hopes, the price isn't increasing even if there are good news popping everywere Sad

I had found an articles saying that the investors take advantage of good news, and bitcoin price tends to go down, and when there is bad new, the traders pump up the bitcoin price. I will find that link, its a very interesting article and can help beginners to trade like the whales.

CharHill

newbie

Activity: 56

Merit: 0

Quote from: mbaeichapareiko on August 20, 2014, 01:55:06 AM

http://seekingalpha.com/news/1943655-overstock-to-permit-bitcoin-payments-for-international-sales

ready for another price drop, I hope so, time to accumulate some more. Lets go. here we go.

It's good, that more and more companies is starting use btc. Real good, thatnks. May be paypal will join.

Gargulan

full member

Activity: 231

Merit: 100

Quote from: MUFC on August 20, 2014, 06:23:27 AM

People need to stop assuming that the price will suddenly skyrocket after a merchant announces they are accepting it (or now the opposite as op is suggesting).

Hoarding in the early days are the reason why bitcoin can go up in value despite negative news.

Now that merchants are accepting it, it will actually cause price to drop because they do not keep the coin.

MUFC

hero member

Activity: 500

Merit: 500

People need to stop assuming that the price will suddenly skyrocket after a merchant announces they are accepting it (or now the opposite as op is suggesting).

transient858

full member

Activity: 153

Merit: 100

Quote from: mbaeichapareiko on August 20, 2014, 01:55:06 AM

http://seekingalpha.com/news/1943655-overstock-to-permit-bitcoin-payments-for-international-sales

ready for another price drop, I hope so, time to accumulate some more. Lets go. here we go.

How is good news going to cause the price to drop? Thought overstock already allow bitcoin payment for a while?

TheNewAnon135246

legendary

Activity: 2198

Merit: 1989

฿uy ฿itcoin

Quote from: blatchcorn on August 20, 2014, 05:36:39 AM

With Bitcoin it seems:
Good news = price goes down
Bad news = price goes down

But I still have complete confidence that there will be another mega rally eventually

The price doesn't just go up from good news. If big companies accept bitcoins the demand will go up. People will start buying more, and selling less. That will cause the price to go up. It won't shoot up to $1000 but we'll definately see the price going up over time.

blatchcorn

sr. member

Activity: 952

Merit: 281

With Bitcoin it seems:
Good news = price goes down
Bad news = price goes down

But I still have complete confidence that there will be another mega rally eventually

wordman267645

newbie

Activity: 28

Merit: 0

I don't want to loosing hope. Truly i believe there's still a chance..

Wafel16

member

Activity: 63

Merit: 10

I wouldn't worry about recent downfalls, BTC is worth billions and in demand, it will surely recover.

catena5260

sr. member

Activity: 476

Merit: 501

Quote from: MrBtcSenior on August 20, 2014, 02:58:44 AM

I'm losing my hopes, the price isn't increasing even if there are good news popping everywere Sad

There is a theor that more adoption results in short term drops in price, because people will spend they hoarded BTC and the merchants will dump the coins used for payment.

Seems the theory is being confirmated.

But things will change when Bitcoin starts to be more widely used as reserve, and becomes part of the investment portfolio of more and more people

mbaeichapareiko

member

Activity: 101

Merit: 10

hmmmmm, good question. what is she talking about? Huh

Miners taking over her cellphone?
Huh

?? Mit grad? is she for real

Quote from: seriouscoin on August 20, 2014, 03:34:44 AM

Oh boy, i love this comment from "DR. Kris", who claimed to have 2 MIT degrees .... and tackle something difficult such as .....stock market.

Quote

Ever since my phone was taken over and corrupted by bitcoin miners I'm not so accepting of the "currency." If a company is relying on this form of monetary transaction, I'd be suspicious.

Not saying that virtual currency can't have its place--just not sure how it fits in...

Dr. Kris

Can someone ask her, how did bitcoin miners take over her phone and corrupt it?

Better yet, contact MIT and tell them some idiot got a PhD from them, speak volume about their "degrees"

seriouscoin

hero member

Activity: 658

Merit: 500

Oh boy, i love this comment from "DR. Kris", who claimed to have 2 MIT degrees .... and tackle something difficult such as .....stock market.

Quote

Ever since my phone was taken over and corrupted by bitcoin miners I'm not so accepting of the "currency." If a company is relying on this form of monetary transaction, I'd be suspicious.

Not saying that virtual currency can't have its place--just not sure how it fits in...

Dr. Kris

Can someone ask her, how did bitcoin miners take over her phone and corrupt it?

Better yet, contact MIT and tell them some idiot got a PhD from them, speak volume about their "degrees"

ErnieX

jr. member

Activity: 58

Merit: 10

Even Dell accepting bitcoin didn't cause a rally. Adoption is good but for longterm.

findftp

legendary

Activity: 1022

Merit: 1008

Delusional crypto obsessionist

Quote from: MrBtcSenior on August 20, 2014, 02:58:44 AM

I'm losing my hopes, the price isn't increasing even if there are good news popping everywere Sad

So you should not be afraid of bad new either!

MrBtcSenior

member

Activity: 70

Merit: 10

I'm losing my hopes, the price isn't increasing even if there are good news popping everywere Sad

Grownwithbtc

newbie

Activity: 59

Merit: 0

I will eagerly wait for the prices to rocket, even if it takes months. I made lot of investment and I hope it should pay me back.

mbaeichapareiko

member

Activity: 101

Merit: 10

http://seekingalpha.com/news/1943655-overstock-to-permit-bitcoin-payments-for-international-sales

ready for another price drop, I hope so, time to accumulate some more. Lets go. here we go.

Topic: More good news for BitCoin haha (Read 1469 times)