Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26723. (Read 26609692 times)
July 18, 2014, 02:05:45 PM
Dell accepting Bitcoin is bad sign for the short term price, simply with the adoption rate slowing down big purchases will exhaust and stress up the price, although if adoption will catch up then it is a good sign for the long term.
July 18, 2014, 02:03:41 PM
Looks like a mini surge in prices going on right now 
I want to see us get back to at least around $650 by the weekend...let's go!!
I want to see us get back to at least around $650 by the weekend...let's go!! 
July 18, 2014, 02:00:17 PM
July 18, 2014, 01:56:23 PM
Seriously, why does China seem to love positive US bitcoin news better than the US? 
It is kind of strange, its about 2am there atm so they even get out of bed to buy coins, serious dedication.
doesn't Jorge trade in China?
July 18, 2014, 01:55:27 PM
Whats going on in the orderbooks right now is actually fairly funny, if anyone cares to watch.
July 18, 2014, 01:52:48 PM
Dell. Gosh. Whatever else can be said of Coinbase, they're certainly helping to push adoption.
a lot of business is going to go to those companies accepting Bitcoin, and after that it’s going to explode. July 18, 2014, 01:41:43 PM
After Dish Network, Newegg, and now Dell, I've come to the conclusion that merchant adoption in itself should have no long term effect on price.
You can also add Grooveshark to the list. Grooveshark is not as big, but it might help draw attention to bitcoin from the "hip" crowd. Please vote for Spotify bitcoin payment suggestion here.
July 18, 2014, 01:35:48 PM
merchant adoption in itself should have no long term effect on price.
That would be deeply erroneous. I hope you don't harm yourself too severely with that.
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Especially when it's being instantly converted back to FIAT.
This is a valid point, but phrased as though it were a verity, when in fact it is a hypothetical. Increasing velocity means less supply is required to maintain equilibrium. But we know that in fact the velocity is such that the mean holding time is more than 2 months. Whether Dell flips is irrelevant. What matters is the mean holding time. I don't care if the holder is a merchant, a prole, or an exchange. It does not affect the value of the currency.
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Since BTC can be split 8 decimal places, there should never be a shortage of supply when used as a transport protocol.
This is absolutely true. You seem to draw exactly the wrong conclusion. It means that increasing price does not reduce utility. But increasing utility does increase price, on the other hand. And well-understood stored utility is easier to hold longer, and in larger quantity. Merchant acceptance increases the common understanding of utility.
July 18, 2014, 01:32:40 PM
After Dish Network, Newegg, and now Dell, I've come to the conclusion that merchant adoption in itself should have no long term effect on price.
I don't think there's been a case of merchant adoption having an effect on the immediate price.
Long term is where it's at. Every merchant adds legitimacy. More and more of them will follow Overstock's investigations into a closed economy.
The average Joe who vaguely knew of it as drug money a couple of years ago will look a little closer with each new merchant. Perhaps there'll be an option to be paid in BTC by quite a few of these companies too.
It's a process of seepage rather than an explosion. Eventually it'll pay off enormously. Without it, it's going to whimper rather than bang.
July 18, 2014, 01:25:50 PM
After Dish Network, Newegg, and now Dell, I've come to the conclusion that merchant adoption in itself should have no long term effect on price. Especially when it's being instantly converted back to FIAT. Since BTC can be split 8 decimal places, there should never be a shortage of supply when used as a transport protocol.
JMHO.
Short of a nation having a financial crisis, I think we need some hedge fund money that would actually keep BTC, and thus decrease circulation.
JMHO.
Short of a nation having a financial crisis, I think we need some hedge fund money that would actually keep BTC, and thus decrease circulation.
Adoption may not drive price up directly. But as many have believed, the publicity that makes more people look into it and realize how great it is, is finally going to drive it up.
July 18, 2014, 01:19:31 PM
After Dish Network, Newegg, and now Dell, I've come to the conclusion that merchant adoption in itself should have no long term effect on price. Especially when it's being instantly converted back to FIAT. Since BTC can be split 8 decimal places, there should never be a shortage of supply when used as a transport protocol.
JMHO.
Short of a nation having a financial crisis, I think we need some hedge fund money that would actually keep BTC, and thus decrease circulation.
JMHO.
Short of a nation having a financial crisis, I think we need some hedge fund money that would actually keep BTC, and thus decrease circulation.
July 18, 2014, 01:16:58 PM
To everyone who sold, hoping to buy back in at a lower price:
You feel that? That is the fear of missing out on the biggest wealth redistribution ever. You know this feeling, you've been here before. You've panic sold and re-bought in at a higher price several times before. You keep waiting for lower prices, but deep down, you know they aren't coming. You look back at the lower prices, and realized you made a huge mistake. You keep waiting, thinking you are an expert trader that will just wait out the rise. It continues rising, growing until your ego can't hold you back anymore. You panic buy. Welcome to bitcoin.
You feel that? That is the fear of missing out on the biggest wealth redistribution ever. You know this feeling, you've been here before. You've panic sold and re-bought in at a higher price several times before. You keep waiting for lower prices, but deep down, you know they aren't coming. You look back at the lower prices, and realized you made a huge mistake. You keep waiting, thinking you are an expert trader that will just wait out the rise. It continues rising, growing until your ego can't hold you back anymore. You panic buy. Welcome to bitcoin.
Post of the day.
July 18, 2014, 01:13:17 PM
I came here to post this and was disappointed to not see the original:
ron paul feeding his hands into a laser cutter?
July 18, 2014, 01:13:02 PM
July 18, 2014, 01:12:36 PM
630 come on...
July 18, 2014, 01:08:32 PM
I came here to post this and was disappointed to not see the original:
July 18, 2014, 01:08:15 PM
Where's that lad who's got the magical monkey gone?
gone quiet. the monkey has no real news. he's still flip-flopping on the daily, bullish on lower frequency charts. he flipped to bullish on the daily today. One of these days he'll be right. July 18, 2014, 01:04:37 PM
To everyone who sold, hoping to buy back in at a lower price:
You feel that? That is the fear of missing out on the biggest wealth redistribution ever. You know this feeling, you've been here before. You've panic sold and re-bought in at a higher price several times before. You keep waiting for lower prices, but deep down, you know they aren't coming. You look back at the lower prices, and realized you made a huge mistake. You keep waiting, thinking you are an expert trader that will just wait out the rise. It continues rising, growing until your ego can't hold you back anymore. You panic buy. Welcome to bitcoin.
You feel that? That is the fear of missing out on the biggest wealth redistribution ever. You know this feeling, you've been here before. You've panic sold and re-bought in at a higher price several times before. You keep waiting for lower prices, but deep down, you know they aren't coming. You look back at the lower prices, and realized you made a huge mistake. You keep waiting, thinking you are an expert trader that will just wait out the rise. It continues rising, growing until your ego can't hold you back anymore. You panic buy. Welcome to bitcoin.
July 18, 2014, 01:01:31 PM
Dell starts accepting Bitcoin
http://en.community.dell.com/dell-blogs/direct2dell/b/direct2dell/archive/2014/07/18/we-re-now-accepting-bitcoin-on-dell-com.aspx
lol OH they really did start accepting Bitcoin http://en.community.dell.com/dell-blogs/direct2dell/b/direct2dell/archive/2014/07/18/we-re-now-accepting-bitcoin-on-dell-com.aspx
No not Dell I wish they'd go bankrupt. Mr Dell stole my shares in Dell last year
Lol he didn't steal he bought them
I'm going to come take your house and car, BUT!, don't worry, I will be depositing a fair amount of beads, slap bracelets, and assorted spices into an account in your name.
July 18, 2014, 01:00:15 PM
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