Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24048. (Read 26610996 times)

You are a bit slow today aren't you or not even trying. Let me help you out here, i know that following two threads back can be challenging. I said that "BTC adoption is great news" you brought up an irrelevant point that "Most people who "invest" in BTC don't do it to shop at Dell & NewEgg." as if someone remotely argued otherwise but no judgment here, so i naively followed that with explanation how your case is irrelevant and pointed out other cases to support my initial argument that "BTC adoption is great news" you got confused and started posting pictures of ponies. Can you follow that or would you like me to explain that with pictures?

There were "relatively" good news, for example, on March 21, when the first rumors about the PBoC tightening were denied by PBoC; on April 15, when the deadline that had been leaked by Caixin passed and bank deposits to the exchanges were not blocked; and on November 12, when a tech guy from OKCoin stated that "a 3 billion euro fund will be trading on out platform".   The first two had the effet of reversing the drop that followed on the previosu bad news.

There is some VC investment in the Chinese exchanges, mining farms, and manufacture of mining equipment.  Mechants however are prohibited to quote prices in bitcoin or sell bitcoin through the internet.  Banks and financial institutions cannot touch bitcoin.  Exchanges have been ordered to keep a low profile and refrain from aggresive marketing.

^My mission?  I'm a trader who enjoys laughing at paranoiacs and assorted self-important buffoons that gravitate to Bitcoin.
That's about all.  I'm also a jackbooted government thug on the payroll of a Jewish banking cabal, if that matters...

Sorry about that

to get quoted....

What is your mission here on bitcointalk?

Explanation

^
I seem to be at somewhat of a disadvantage--only an idiot or a troll would continue a debate after an opening gambit of "Anyone who argues otherwise is an idiot or a troll."  
Oh well, hurr duur, here I *derp!* go.

1. What is it in my post you disagree with?
2. What does your sensible list of BTC use scenarios, Master Card paranoia and ...other smart stuff... have to do with what I've written?  Anything?

  ~Derp!

I think it's been hammered to the ground that that's not a great use case for BTC. Would i go through those steps to buy something from MS? Unless merchant offers incentives like 2% off btc payments probably not. (And i don't see anyone arguing that so can you stop spamming that?)
I know that you keep coming back to that as your main trolling point.

Right now from what i see, the best use for BTC is
-worldwide illegal markets (and i think that's more than enough to justify current market cap)
-money transferrer (pay someone in Asia, send money home to Africa, pay with BTC when traveling to save on currency conversion/foreign transaction fees) etc...
-micro payments/tipping (look at reddit/changetip etc.. how's their volume going)

Would i spend fiat and buy BTC for that? You betchya.

MS acceptance, brings huge endorsement to BTC. Means the protocol is mature enough, getting out of proof of concept phase and into big guys putting their weight to support it (even through BitPay). Think of all the advertisement, shifting people opinions from bitcoin being magical online money for druggies at silk road to now a blue chip accepting it. MasterCard is trying very hard to put a negative PR spin on bitcoin, this turns it around.

And of course there's speculation. MS needs to counter Apple Pay, is this the first step? How about integrated BTC wallet with the new Windows release? To find more use cases that make sense you need more awareness and this definitely does it.

TL;DR it's positive endorsement, free advertisement. Finally know MS stance on BTC and it's positive, so they won't try to fight it, opens huge potential for all new financially viable use cases. Bullish for these reason NOT that people start buying BTC to pay MS.

Explanation

this wall is not moving much at all, whatever gets sold the wall is then propped up again

i thinks me should put on a tinfoil hat

soon

soon

I have feeling gentleman soon.

Most people who "invest" in BTC don't do it to shop at Dell & NewEgg.
They might want to believe that others buy BTC to shop at Dell & NewEgg, but they themselves don't.
Because after the novelty of buying with BTC wears off, the sheer stupidity of it begins to sink in.  Imagine:

1. Spend fiat to buy BTC
2. Send BTC to a payment processor, who
  2a. Sells your BTC for fiat &
  2b. Sends fiat to the merchant that "accepts BTC".
3. Re-buy BTC you spent, probably from the same payment processor but at a premium, because "investment."

Funny as hell, doubt it happens too much tho.  Now for someone with a BTC stash from way back...  Nah, that would only create sell pressure, so won't happen

Explanation

Are we going to the moon lads? 

Only for people with limited brain power.

BTC adoption is great news. Period. Anyone who argues otherwise is an idiot or a troll.
WTF are people really that stupid? By that logic if newegg, overstock, and dell stopped accepting BTC it'd be great cause now people can't spend their BTC so we go to moon  Oh how terrible it would be if BTC is widely adopted think of all the places to spend it   
Adoption is the best thing that can happen to bitcoin the protocol that it's whole purpose. And good for bitcoin currency in the long run, maybe not as great for minute chart speculators

Explanation

Losing faith, brother?