Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25922. (Read 26608346 times)

Think again.  You have dollars in your bank.  To buy the item you must get a certain amount of dollars in the merchant's bank.  What are the steps (a) to pay through bitcoin and (b) to pay in dollars?

Only if you're Rube Goldberg.  Otherwise no.

I've said it before and i will say it again. BTC is not for rich, well banked countries. I, like many people here, use it mainly for political reasons. Suggesting it is easier to use BTC than a credit card is just ludicrous. Got a friend to buy a couple recently. He has an old slow laptop with mediocre internet connection. Took 3 days to download the blockchain for gods sake.

BTC will come to fruition as it penetrates places like india. Like solar power, it enables people to use modern technologies without the need to spend trillions building up legacy infrastructure. Solar power is expensive if you already have a grid, it's cheap if you have to build power and transmission lines everywhere.

Things like the mozilla smartphone, combined with decent, secure online wallets for mobile, will revolutionise the life of the unbanked. Eliminating expensive cross currency fees will save billions.

So everyone here pat yourselves on the back. We got BTC to a place where it is taken seriously enough for people to start building the next wave of apps, apps for the unbanked. These apps are being built and rolled out now, they will take time to come to full fruition. Stop waiting to be made rich in a matter of months, those heady days are over. Sit back and expand your horizon to years. Those that maintain the faith will be rewarded richly. Those that spit the dummy because they thought they would get rich with no effort, risk or time involved, will miss the coming wave.

When you are European you can use SEPA and buy for example on Kraken. I'm not sure for Americans cause you get fucked by your banks harder for normal transactions than us.

deposit fee is like 5$ for me, i dont do it often but when i do .....  

trading into BTC is like 0.25%, but if you place your bid at 0.5% of current price your bid will most definitely fill ( market don't either go up or down they are constantly going up and down ...), and you actually end up with a saving on your purchase  

 

At the moment this really depends on the merchant if your criteria is mostly price (which will be true in general). Some merchants give big discounts for buying with Bitcoins and others won't.

Then whether Coinbase is the cheapest option for you is a whole other story. I think they are quite pricey compared with others but my criteria will be different as I'm European and use SEPA (and therefore the  Kraken exchange).

I thought I was just asking if it was an advantage for regular consumers to use coinbase to purchase items, but ok. Do you think there is an advantage to a first timer to use coinbase to buy btc to purchase an item? And wherein does the advantage lie for that sector of buyers.

Exactly, they're trying so hard you almost feel sorry for them.

Explanation

Sigh. Can you please list ALL the fees that you pay when you purchase with bitcoin as you described, and the fees that you pay when paying directly with money?

(Don forger that you must send money to Coinbase/BitpayPayPal/exchange or whatever in order to buy th ebitcoins, and that Coinbase/Bitpay/Paypal has to send the money to the merchant.)

why you not stay in BTC for life?

Last week: weekend dump, small rise in prices but not close to a recover in the week-middle
This week: weekend dump, no signal of recover in the week-middle(maybe rise by $5 or around?).

Will it becomes a pattern?

If i had the required bananas, i will put a 10k sell offer at 1000000$ and buy all the asks book with a single fat market order. THAT would be epic.

*putting sell order at 999999$...*

People chill the fuck out , its more fun to sip on a drink while watching the the trolling unfold as bitcoin makes in roads to places they never though possible. Fuck getting rich overnight..I'm willing to put years in My first year of hodling comes up in Oct..er mer gerd its be a roller coaster

Exactly, some seem to suggest that all bitcoiners are rich therefore we should be able to spend the scrapes of money we were able to put together to INVEST in bitcoin and then turn around and re-buy bitcoins so our stack remains intact.

This is certainly not my case. I'll be damned if I spend my bitcoins if I believe they are so damned undervalued right now

Those would fall under the first category in my original post. You were asking about the second category. Please re-read and if you still don't get it I'll explain.

don't think for a second that "Bfx can decouple from the wall-fest at Bitstamp" they are both very well connected...

in any case the squeeze will be enjoyable. that is, IF we don't let them unwind slowly at the bottom....


EVERYONE MUST HODL!

Looking at Bfx only:  it looks like the only thing keeping the price down is the constant increase in shorts.  Shorts have increased by 4k over the past week (currently 10.2k).  It is also 4k coins to 500.  The last 3 dumps came at the same time as sharp increases in shorts.

As I said in an earlier post, there are not 10k coins available to buy on Bfx.  This may get interesting fast, especially if Bfx can decouple from the wall-fest at Bitstamp for a few hours.

Hmmm I'm sorry but how does this not entail spending 2x the amount of money, fiat or BTC.

as an inhabitant of the wonderful bitcoin country, i am glad to be able to spend my currency at more and more places, even if they just turn around and dump it back on to our markets.

just say'n

bitcoin is a tourist trap.