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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31667. (Read 26729194 times)

sr. member
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
Hmmm.  $20 quick sell down.

Big guy snapped those up quick tho.  lol
member
Activity: 112
Merit: 10
Altcoins are crazy con gox, is almost better to invest on ltc than btc now. I dont think this is good for btc.
sr. member
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
Any volume going on at BTCe ?

Gox is puny.
hero member
Activity: 980
Merit: 1001
There was a $3 million dollar wall on Stamp

Edit: Did he finally sell?
legendary
Activity: 3388
Merit: 4775
diamond-handed zealot
lets see a nice little handle here on gox
sr. member
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
Looks like gox wants to go up some more.
sr. member
Activity: 260
Merit: 250
BTC-e is like $200 behind gox. This is ridiculous

They just had a sell off at BTC-e and the other exchanges didn't follow, why would they?   So no big deal really, gap has closed quite a bit.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
This is an arena where BTC has the potential to just eat the big banks' lunch for real.

Banks again.  I just read the wiki on M-Pesa and the references to banks were everywhere.  So, I suppose, what btc needs is a clearinghouse.

Noted that IBM was/is involved in the 'Development and second line support' details of M-Pesa.  Shouldn't be too long before we hear something from that powerhouse inre bitcoin.

/Frank
legendary
Activity: 1582
Merit: 1001
Is it a banking holiday in the US and Japan tomorrow?
member
Activity: 112
Merit: 10
BTC-e is like $200 behind gox. This is ridiculous
legendary
Activity: 3388
Merit: 4775
diamond-handed zealot
There is every reason to believe that many businesses besides merchants will love btc, but the process has to start somewhere.


Another good starting place, or wedge, is international bank wires.  I recently needed parts from the EU for perfectly legitimate business purposes.  Due to current "anti terrorism" "anti money laundering" (IMO capitol controls and big brother) restrictions, getting the necessary bank wire done was excruciating, just unbelievably, painfully, inefficient.  This is an arena where BTC has the potential to just eat the big banks' lunch for real.
sr. member
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
read up on mPesa oldgeek, it is a vodacom administered payment system in Africa that is ubiquitous there, I think we can learn a lot from it

Thanks.  I'll go do that right now.  Only thing going on in the markets is a bunch of bots anyhow.
member
Activity: 112
Merit: 10
The exchanges are behaving very differently. Is this a sign of trouble?
sr. member
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
There is every reason to believe that many businesses besides merchants will love btc, but the process has to start somewhere.

If many merchants are in love with btc they may pressure their suppliers to take it as payment.  As the wholesalers accept the new payment method they may request to pay the producer in kind.  The ball would really be rolling then.

Online stores are a perfect place to accept btc.

/Frank
legendary
Activity: 3388
Merit: 4775
diamond-handed zealot
read up on mPesa oldgeek, it is a vodacom administered payment system in Africa that is ubiquitous there, I think we can learn a lot from it
sr. member
Activity: 338
Merit: 250
You know what, Jojo?  Your answer to the merchant situation is the best I've heard.  

So what is the hold up?  The software side shouldn't be very difficult.  Educating the merchants might take a while, but the advantages would be apparent.  The public shouldn't care much either way.  

Perhaps the one thing the merchant will need is a way to get his fiat back quickly.

/Frank

At that point there will start to have more professional use of the bitcoin as well. Why should that be an instrument only for consumers ?

Companies might very well decide to hold bitcoins and not only USD for future payments in bitcoins. Many businesses will not mind the exposure to the usd variations that are mostly to the upside anyways.

My company is selling online and we are adding bitcoin as a payment method, you can be sure I am deciding that the company will keep bitcoin payments as bitcoin.
sr. member
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
You know what, Jojo?  Your answer to the merchant situation is the best I've heard.  

So what is the hold up?  The software side shouldn't be very difficult.  Educating the merchants might take a while, but the advantages would be apparent.  The public shouldn't care much either way.  

Perhaps the one thing the merchant will need is a way to get his fiat back quickly.

/Frank
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
Wow damn I´m so pissed that I missed bitcoins where it was on 2 digits. And now I´m pissed that I missed the 1 digit LTC train  Sad

Always coming too late...

How do you know it's too late ?

Instead of feeling pissed for what you missed, feel excited and grateful for the opportunities ahead

If you want to double your money on LTC now the price must go up to 80$. If you bought in at 9$ you would have 4x your money already.

That doesn't mean it's too late.
legendary
Activity: 3388
Merit: 4775
diamond-handed zealot

That will probably work.

 Shocked  Send my spouse out shopping with a btc loaded wallet.  Bleah!


well yeah, the hot wallets will also be prone to network theft, not unlike cash or credit cards, no real way around that, you just don't carry too much at one time.

It will be like the stores already where you can settle up in PayPal...but without dealing with motherfucking PayPal.
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