Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30414.

Richy_T

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Activity: 2674

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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: N12 on January 09, 2014, 02:32:35 PM

Quote from: bambou on January 09, 2014, 02:29:23 PM

Quote from: N12 on January 09, 2014, 02:20:29 PM

Choo choo, all the overstock coins will soon hit the market. Cheesy

An overstock of coins. Cheesy

you really think they will directly sell 100% of the coins they get?!
imho they decided to jump in the bitcoin train not only to expand their marketshare, but also to make even more profit hodling some of it.. I mean, isnt that all about profit after all? Wink

I'm not sure you understand how this works: They do not accept Bitcoins directly. They use a payment processor called Bitpay that guarantees them USD, and Bitpay of course sells them on the open market.

edit: Coinbase then, but same principle applies.

But consider GoxBux... Discounted (currently around 10% looks like) because it's hard to do anything with them once you have them. By adding more easy exits to Bitcoin ownership, it makes them a more attractive proposition to own in an inverse manner.

Adrian-x

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Activity: 1372

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Quote from: gentlemand on January 09, 2014, 02:32:06 PM

216 coins crashed the market? Are you sure?

Call it good timing (correlation doesn't = causation)

Chalkbot

legendary

Activity: 896

Merit: 1001

Quote from: N12 on January 09, 2014, 02:32:35 PM

Quote from: bambou on January 09, 2014, 02:29:23 PM

Quote from: N12 on January 09, 2014, 02:20:29 PM

Choo choo, all the overstock coins will soon hit the market. Cheesy

An overstock of coins. Cheesy

you really think they will directly sell 100% of the coins they get?!
imho they decided to jump in the bitcoin train not only to expand their marketshare, but also to make even more profit hodling some of it.. I mean, isnt that all about profit after all? Wink

I'm not sure you understand how this works: They do not accept Bitcoins directly. They use a payment processor called Bitpay that guarantees them USD, and Bitpay of course sells them on the open market.

edit: Coinbase then, but same principle applies.

Are you sure about this? In the original announcement it sounded like they wanted to make their own payment processing system in-house, to avoid the market dump effect and the fees.

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

Quote from: granathus on January 09, 2014, 02:34:16 PM

Quote from: N12 on January 09, 2014, 02:32:35 PM

Quote from: bambou on January 09, 2014, 02:29:23 PM

Quote from: N12 on January 09, 2014, 02:20:29 PM

Choo choo, all the overstock coins will soon hit the market. Cheesy

An overstock of coins. Cheesy

you really think they will directly sell 100% of the coins they get?!
imho they decided to jump in the bitcoin train not only to expand their marketshare, but also to make even more profit hodling some of it.. I mean, isnt that all about profit after all? Wink

I'm not sure you understand how this works: They do not accept Bitcoins directly. They use a payment processor called Bitpay that guarantees them USD, and Bitpay of course sells them on the open market.

They use Coinbase.

What is coinbase? You moron.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: Richard Branson on January 09, 2014, 02:22:50 PM

Quote from: Mythul on January 09, 2014, 02:19:52 PM

CHOOOOO-CHOOOOO: OVERSTOCK WENT LIVE !

That is not bullish. Overstock has nothing to do with bitcoin.
They simply use bitpay and accept fiat Wink

Bitpay sells the coins asap -» Selling pressure

but it increases bitcoins usefulness, and this brings up the value.

now i can save AND spend with BTC, these days you can pretty much live on BTC without any problems. how far we've come in so little time.

granathus

full member

Activity: 294

Merit: 100

Quote from: N12 on January 09, 2014, 02:32:35 PM

Quote from: bambou on January 09, 2014, 02:29:23 PM

Quote from: N12 on January 09, 2014, 02:20:29 PM

Choo choo, all the overstock coins will soon hit the market. Cheesy

An overstock of coins. Cheesy

you really think they will directly sell 100% of the coins they get?!
imho they decided to jump in the bitcoin train not only to expand their marketshare, but also to make even more profit hodling some of it.. I mean, isnt that all about profit after all? Wink

I'm not sure you understand how this works: They do not accept Bitcoins directly. They use a payment processor called Bitpay that guarantees them USD, and Bitpay of course sells them on the open market.

They use Coinbase.

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

So, actually using bitcoins for anything other than pure speculation causes even more volatility and the price to go down.

Cheesy

N12

donator

Activity: 1610

Merit: 1010

Quote from: bambou on January 09, 2014, 02:29:23 PM

Quote from: N12 on January 09, 2014, 02:20:29 PM

Choo choo, all the overstock coins will soon hit the market. Cheesy

An overstock of coins. Cheesy

you really think they will directly sell 100% of the coins they get?!
imho they decided to jump in the bitcoin train not only to expand their marketshare, but also to make even more profit hodling some of it.. I mean, isnt that all about profit after all? Wink

I'm not sure you understand how this works: They do not accept Bitcoins directly. They use a payment processor called Bitpay that guarantees them USD, and Bitpay of course sells them on the open market.

edit: Coinbase then, but same principle applies.

gentlemand

legendary

Activity: 2604

Merit: 3056

Welt Am Draht

216 coins crashed the market? Are you sure?

Adrian-x

legendary

Activity: 1372

Merit: 1000

Quote from: Richard Branson on January 09, 2014, 02:22:50 PM

Quote from: Mythul on January 09, 2014, 02:19:52 PM

CHOOOOO-CHOOOOO: OVERSTOCK WENT LIVE !

That is not bullish. Overstock has nothing to do with bitcoin.
They simply use bitpay and accept fiat Wink

Bitpay sells the coins asap -» Selling pressure

The last time a yellow Lamborghini sold through Bitpay, the dump of coins crashed the market.
How were the coins disperse for the Virgin Atlantic flight?

pietje

full member

Activity: 224

Merit: 100

Quote from: damiano on January 09, 2014, 02:29:28 PM

Quote from: Richard Branson on January 09, 2014, 02:22:50 PM

Quote from: Mythul on January 09, 2014, 02:19:52 PM

CHOOOOO-CHOOOOO: OVERSTOCK WENT LIVE !

That is not bullish. Overstock has nothing to do with bitcoin.
They simply use bitpay and accept fiat Wink

Bitpay sells the coins asap -» Selling pressure

Being able to spend bitcoins is always a good sign.

I agree. The more spending options the better the adoption the more people join in on bitcoin.
Charts do look a bit bearish atm.

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Quote from: N12 on January 09, 2014, 02:27:56 PM

Sorry, I would much rather buy fake virtual credit points for a fake farm game.

Blitz , you're usually "a bear" with arguments but right now you're overdoing it.

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

Quote from: Richard Branson on January 09, 2014, 02:22:50 PM

Quote from: Mythul on January 09, 2014, 02:19:52 PM

CHOOOOO-CHOOOOO: OVERSTOCK WENT LIVE !

That is not bullish. Overstock has nothing to do with bitcoin.
They simply use bitpay and accept fiat Wink

Bitpay sells the coins asap -» Selling pressure

Being able to spend bitcoins is always a good sign.

bambou

sr. member

Activity: 346

Merit: 250

Quote from: N12 on January 09, 2014, 02:20:29 PM

Choo choo, all the overstock coins will soon hit the market. Cheesy

An overstock of coins. Cheesy

you really think they will directly sell 100% of the coins they get?!
imho they decided to jump in the bitcoin train not only to expand their marketshare, but also to make even more profit hodling some of it.. I mean, isnt that all about profit after all? Wink

Mythul

sr. member

Activity: 644

Merit: 250

N12

donator

Activity: 1610

Merit: 1010

Sorry, I would much rather buy fake virtual credit points for a fake farm game.

BitChick

legendary

Activity: 1148

Merit: 1001

Quote from: N12 on January 09, 2014, 02:20:29 PM

Choo choo, all the overstock coins will soon hit the market. Cheesy

An overstock of coins. Cheesy

We should all buy something on Overstock so the CEO can gloat about how successful it is to take BTC! Grin

Richy_T

legendary

Activity: 2674

Merit: 2373

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: xephyr on January 09, 2014, 01:06:17 PM

Quote from: Hawkix on January 09, 2014, 12:53:20 PM

What's scary on the paper wallet (preferably encrypted using BIP0038)?

Paper wallets can be tricky. I think your most secure option is to use Armory with the cold storage option explained on the Armory site.

One thing that makes me a little uncomfortable about armory is that you are working with an armory wallet seed and not the actual private key. Almost I'd rather work with the paper wallet generator webpage (name slips my mind).

Edit: bitaddress.org

N12

donator

Activity: 1610

Merit: 1010

Quote from: Richy_T on January 09, 2014, 02:24:40 PM

Quote from: Hawkix on January 09, 2014, 12:53:20 PM

What's scary on the paper wallet (preferably encrypted using BIP0038)?

It's not the tech, it's trusting it to paper and/or USB. They just seem too fragile. Not just in the physical sense either.

I know that well. I think something like Trezor is probably best. Hopefully, that will soon be available for non-ridiculous prices.

mb300sd

legendary

Activity: 1260

Merit: 1000

Drunk Posts

Coinbase: Allow verified/instant users to spend bitcoin directly from their bank accounts/credit cards. Be the PayPal replacement!

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30414. (Read 26711902 times)