Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31861. (Read 26380949 times)

Listen, last thing I'm going to say regarding the validity of the phone call. For those who doubt me I am more than willing to have the phone call verified by any trustworthy hero member.

To be honest I was so taken back by the call I didn't even get to ask the questions like, how likely is this, how close are you, etc.

For eBay this makes a lot of sense, its just another currency.  There may be internecine issues with paypal, but there is room for both for at least a while.

Seriously guys, I will dump Gox if Bitstamp or BTC-e avails more sophisticated orders.

Am I correct that BTC-e's MT4 is only for the leveraged trading OR will it / is it being extended to normal BTC trading?

That's exactly what the voicemail was. And throughout our discussion questions were raised regarding whether eBay policies could be updated to allow the use of bitcoin on eBay.

Yeah I know, this missing functionality is THE reason my friends wont get into bitcoin. Gox wins, always, no matter what.

Stop loss? WTF? There are no stop losses when you trade Magic The Gathering cards. What did you think this was - forex?

You lost because only stone age types of orders are available at MtGox.

Had you been able to put a stop loss, your trade wouldn't have turned out a mess.

That's is quite something different than your first post.

"Adam, this is Mike from eBay and we would like it if you could call me back. As a seller of bitcoin on eBay we would love to get some feedback and input about your experience with bitcoin as we work to incorporate it into eBay"

Michael Carson's duties at Ebay (taken from his Linkedin profile):


Sweet

Maybe OP (Adam) could do this? I live in Finland and don't have any authority, otherwise I would do it.

When I got the voicemail that was my first concern. I assumed this was a follow up to the locking oft PayPal account and funds being held. I called my friend who introduced me to PayPal in late 2011. I told him that I didn't know if I felt comfortable with making a call like this to discuss a matter that had been settled. He said a call wouldn't hurt.

When I called back Mike was very nice. He stated that I have sold a lot of Bitcoin on eBay and wanted to know my experience with it and was it positive. I told him that it was a very good experience up until the PayPal incident. I let him know that I thought eBay was one of the quickest and easiest methods for people to acquire bitcoin because they already have accounts and funds attached so purchasing was easy an instant and most people don't want to wait when they want something. We laughed about living in a world where everything has to be "right now". He mentioned that they were considering policy changes to allow it to be sold but he stated that "we can't ask our user to register with Fincen" I agreed its too costly. We then discussed that campbx only makes you register your KYC and AML info if it is above $1,000 per day per person so maybe there is a level of sales they could permit without being a MSB? He said that was a good question and believes it may be a $1,000 threshold. Then we spoke about PayPal already being a MSB so when I sell something to someone abroad and they pay in Euros I don't receive Euros I receive USD so why couldn't PayPal convert the currency a user paid with to BTC and transfer me BTC for BTC? If I sold a bitcoin/Casascius coin for $200 and BTC was $100 at the time of payment they convert it and send me 2BTC instead of USD. Or instead of making that complicated since the payment was being made to PayPal who is a MSB and then transferred to me wouldn't that mean only Paypal had to be the MSB? We spoke a little more about it and he said they are just trying to wrap themselves around it and stay out front.

Like I said I would love to have any hero member call today and verify it to be a truthful conversation. It's pretty simple call him up and say "My acquaintance Adam Graham said that you reached out to him regarding Bitcoin and possibly allowing some use of it on eBay and PayPal and he suggested I give you a call, he felt I would be better equipped to handle some of your questions regarding it as I have been involved with bitcoin for quite sometime" and see where the conversation goes.

I think we will see a policy update in the near future allowing virtual currency sales in small amounts that don't violate Fincen guidelines and possibly BTC integrated into the PayPal system. BTC could easily be integrated into PayPal because you would still need a physical currency funding source attached to your account and if a claim was filed against you and they paid you $200 USD worth of BTC at the time of sale they would simply take $200 USD out of your fiat account. It's not that difficult if you think about it. User pays $200 USD PayPal sends $200 BTC, user files claim and wins, PayPal deducts $200 from your fiat account.

So who is going to call and verify I am telling the truth that I received a call regarding this?

Do you know how order book work? If not, go example to http://www.bitcoinity.org/markets/mtgox/USD and press wtf? from right up corner.

Chartbuddys chart is the same thing but from 1 hour time with 3d-dimension. This might help to see example where walls did go.

damn how do you read these things?
Could somebody explain?

Well my iphone was buzzing price alerts and it was kind of a big drop, since this is a hobby of mine how can ya blame me

i really hate when people say that bitcoin price is too high. Bitcoin is a service too and everyone in the world can use it at any time. Sure not much people are using it right now considering how big population is but it doesn't mean they wont use it tomorrow. Banks are not used everyday by everyone too. That's why i would never say that price is too high or too low. It is what it is and considering potential price it's and will be always low.

so lets get this straight, youre kissing a girl in a bar yet still checking btc prices on your iphone?

I got burned too last night (was on a date and couldn't really respond to alerts, watched in horror as price plummeted on my iphone notification centre while kissing this girl at a bar, my hands were full and I wanted to do a market sell at 138. Lost a few hundred dollars in that respect and dropped an extra hundred on this date so last night was an expensive one for me but worth it

I realllly think this is not a fair valuation for BTC.. it should be much lower, fact is price is simply a function of coins available just on gox and not representative of the ones floating out there at any time and is a very small subset of whats out there just this order book being manipulated by whales i mean come on, liquidity problems at gox, how is this a sound market

I love BTC but I think there will be a period of price spikes / dumps for quite a while which strictly speaking in terms of distributing more coins is a good thing, but burning speculators / new comers is a bad thing. BTC price reminds me of chasing a mouse around the living room trying to catch it sometimes.