Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30365. (Read 26713440 times)
January 12, 2014, 11:59:29 PM
Has anyone figured out why the price goes up on Friday afternoons and Saturdays and goes down on Sundays?
January 12, 2014, 11:52:53 PM
Sorry for the off-topic, but does anyone know a good/cheap/safe way to transfer credit card money to regular bank account money (US)? Or to bitcoins? Trying to help out a friend.
Square or Paypal. They'll take a fee though.
January 12, 2014, 11:45:54 PM
I wish these companies accepting bitcoin would give customers a percentage off when using bitcoin. They are saving fees from their regular payment processors and paypal etc, so why not pass some savings to the customer. Then there would not be this talk of these companies not having a positive impact on bitcoin. I know they are essentially spreading the word, but has anyone bought bitcoin for the first time just to buy from these companies that accept bitcoin?
This is a key reason to buy the rumor, sell the news. You never know how short the peak will be once news like this is out, as we have seen.
This is a key reason to buy the rumor, sell the news. You never know how short the peak will be once news like this is out, as we have seen.
January 12, 2014, 11:45:40 PM
I wish these companies accepting bitcoin would give customers a percentage off when using bitcoin. They are saving fees from their regular payment processors and paypal etc, so why not pass some savings to the customer. Then there would not be this talk of these companies not having a positive impact on bitcoin. I know they are essentially spreading the word, but has anyone bought bitcoin for the first time just to buy from these companies that accept bitcoin?
This is a key reason to buy the rumor, sell the news. You never know how short the peak will be once news like this is out.
This is a key reason to buy the rumor, sell the news. You never know how short the peak will be once news like this is out.
Pretty sure they are paying fees to bitpay or similar.
January 12, 2014, 11:44:27 PM
like the several hundred articles we get from the western press every single week.
The point is that the Chinese press is insisting on the Ponzi aspect. If that is the government position, Bitcoin trading may become illegal in China.(Bitcoin may have good intentions, but trading it is a zero-sum game, whether it blooms or collapses. One man's proft is necessarily another man's loss.)
Except bitcoin is not only useful for currency exchange, it can also be used to trade for goods and services. For this use, it is faster and cheaper to transact in than credit/debit cards.
January 12, 2014, 11:34:56 PM
like the several hundred articles we get from the western press every single week.
The point is that the Chinese press is insisting on the Ponzi aspect. If that is the government position, Bitcoin trading may become illegal in China.(Bitcoin may have good intentions, but trading it is a zero-sum game, whether it blooms or collapses. One man's proft is necessarily another man's loss.)
January 12, 2014, 11:28:36 PM
like the several hundred articles we get from the western press every single week.
January 12, 2014, 11:24:51 PM
More bad press from China. (Note at bottom says it was published in a Chinese newspaper, doesn't say when):
http://www.scmp.com/comment/insight-opinion/article/1404497/bitcoin-bubble-wont-last-without-beijings-approval
http://www.scmp.com/comment/insight-opinion/article/1404497/bitcoin-bubble-wont-last-without-beijings-approval
A quote from TFA. Actually the first line of his article:
Quote
Bitcoin is a Ponzi scheme masquerading as a futuristic currency.
If this guy turns out to be right about XBT collapsing, he was right for the wrong reasons. It's not a goddamned Ponzi scheme.
January 12, 2014, 11:21:25 PM
More bad press from China. (Note at bottom says it was published in a Chinese newspaper, doesn't say when):
http://www.scmp.com/comment/insight-opinion/article/1404497/bitcoin-bubble-wont-last-without-beijings-approval
It was posted an hour ago. But this is just the word of an economist. We'll see how it plays out. http://www.scmp.com/comment/insight-opinion/article/1404497/bitcoin-bubble-wont-last-without-beijings-approval
January 12, 2014, 11:20:51 PM
Cross post, because: brilliant.
Immediately converting bitcoin through a payment processor is not "accepting bitcoin." It is accepting fiat, both functionally and literally.
Newegg and Overstock are irrelevant.
You idiots.
Newegg and Overstock are irrelevant.
You idiots.
Correct they accept fiat and allow bitcoin users to ay with their bitcoin. I think it is pretty awesome that they would completely adjust their accepted payment methods to include the bitcoin community.
You are a stupid person and have missed the point.
Awe cute. Instead of positing an intelligent response you just resort to name calling. I never knew you were still in middle school and had limited intelligence. This explains a lot.
What would be the point of an intelligent response when the first statement I made was so easy to understand?
You idiot.
As I stated in the other thread, your point is incorrect. People converting USD -> BTC, transferring to retailer, then retailer converting BTC -> USD will result in a price increase when spread across an ever-increasing user-base. Use of a currency forces its price to increase. Basic economics.
Unless there are early adopters sitting on millions in profits waiting for places to spend them.
True.
January 12, 2014, 11:19:04 PM
More bad press from China. (Note at bottom says it was published in a Chinese newspaper, doesn't say when):
http://www.scmp.com/comment/insight-opinion/article/1404497/bitcoin-bubble-wont-last-without-beijings-approval
http://www.scmp.com/comment/insight-opinion/article/1404497/bitcoin-bubble-wont-last-without-beijings-approval
January 12, 2014, 11:16:00 PM
houbi just needs to go bi bi already
overstock taking us to the moon on monday as soon as funds arrive
overstock taking us to the moon on monday as soon as funds arrive
Agreed. If Huobi goes bi bi, what will the price stabilize at in the short term?
According to most experts: $10.
So thankful for the ignore button on this forum.
January 12, 2014, 11:15:15 PM
Cross post, because: brilliant.
Immediately converting bitcoin through a payment processor is not "accepting bitcoin." It is accepting fiat, both functionally and literally.
Newegg and Overstock are irrelevant.
You idiots.
Newegg and Overstock are irrelevant.
You idiots.
Correct they accept fiat and allow bitcoin users to ay with their bitcoin. I think it is pretty awesome that they would completely adjust their accepted payment methods to include the bitcoin community.
You are a stupid person and have missed the point.
Awe cute. Instead of positing an intelligent response you just resort to name calling. I never knew you were still in middle school and had limited intelligence. This explains a lot.
What would be the point of an intelligent response when the first statement I made was so easy to understand?
You idiot.
As I stated in the other thread, your point is incorrect. People converting USD -> BTC, transferring to retailer, then retailer converting BTC -> USD will result in a price increase when spread across an ever-increasing user-base. Use of a currency forces its price to increase. Basic economics.
Unless there are early adopters sitting on millions in profits waiting for places to spend them.
January 12, 2014, 11:13:16 PM
Cross post, because: brilliant.
Immediately converting bitcoin through a payment processor is not "accepting bitcoin." It is accepting fiat, both functionally and literally.
Newegg and Overstock are irrelevant.
You idiots.
Newegg and Overstock are irrelevant.
You idiots.
Correct they accept fiat and allow bitcoin users to ay with their bitcoin. I think it is pretty awesome that they would completely adjust their accepted payment methods to include the bitcoin community.
You are a stupid person and have missed the point.
Awe cute. Instead of positing an intelligent response you just resort to name calling. I never knew you were still in middle school and had limited intelligence. This explains a lot.
What would be the point of an intelligent response when the first statement I made was so easy to understand?
You idiot.
As I stated in the other thread, your point is incorrect. People converting USD -> BTC, transferring to retailer, then retailer converting BTC -> USD will result in a price increase when spread across an ever-increasing user-base. Use of a currency forces its price to increase. Basic economics.
January 12, 2014, 11:12:46 PM
houbi just needs to go bi bi already
overstock taking us to the moon on monday as soon as funds arrive
overstock taking us to the moon on monday as soon as funds arrive
yeah I mean if we wanted to re-test lows on true fear we should have seen mass panic as soon as fud hit, I think manipulators are taking a turn trying to get some cheap coins.
I guess Monday will be our savior.. oh joy 58 minutes from eastern north america monday lol
edit: what if we didn't see a bigger dump to avoid the triple bottom
which would have crystal ballers seeing to the moon 
January 12, 2014, 11:12:29 PM
houbi just needs to go bi bi already
overstock taking us to the moon on monday as soon as funds arrive
overstock taking us to the moon on monday as soon as funds arrive
Agreed. If Huobi goes bi bi, what will the price stabilize at in the short term?
According to most experts: $10.
January 12, 2014, 11:10:54 PM
houbi just needs to go bi bi already
overstock taking us to the moon on monday as soon as funds arrive
overstock taking us to the moon on monday as soon as funds arrive
Agreed. If Huobi goes bi bi, what will the price stabilize at in the short term?
January 12, 2014, 11:07:39 PM
houbi just needs to go bi bi already
overstock taking us to the moon on monday as soon as funds arrive
overstock taking us to the moon on monday as soon as funds arrive
January 12, 2014, 11:06:48 PM
Cross post, because: brilliant.
Immediately converting bitcoin through a payment processor is not "accepting bitcoin." It is accepting fiat, both functionally and literally.
Newegg and Overstock are irrelevant.
You idiots.
Newegg and Overstock are irrelevant.
You idiots.
Correct they accept fiat and allow bitcoin users to ay with their bitcoin. I think it is pretty awesome that they would completely adjust their accepted payment methods to include the bitcoin community.
You are a stupid person and have missed the point.
Awe cute. Instead of positing an intelligent response you just resort to name calling. I never knew you were still in middle school and had limited intelligence. This explains a lot.
What would be the point of an intelligent response when the first statement I made was so easy to understand?
You idiot.
January 12, 2014, 11:06:09 PM
Sell pressure building on Huobi, retesting 5050-5100 range again. This time sell walls seem considerably larger. ~1250 BTC to break 5150 right now.
Someone on Gox just dumped 500 coins to 912.
Someone on Gox just dumped 500 coins to 912.
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