Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32713. (Read 26720750 times)

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.

Yes, what an interesting conundrum.
I imagine that some sellers will step up but unless a whale drops a few thousand coins there is going to be some demand that cannot be filled.

I missed this crash and did some bad trades, ended up losing about 10 BTC... What's next? Is wall at 125 fake and down we continue or do we reverse from here?

So....reversal or profit taking/consolidation? My money is on consolidation.

ok I apologize.

I don't want to be a grammar nazi but it's rogue.
Rouge means something completely different.

Rouge admin it is.

http://deals.ebay.com/blog/your-last-minute-thanksgiving-feast-for-10-all-for-less-than-75/

Again, edccdn.com, November 19, 2012

BTC valuation = total crapshoot

so...no bitcoins on ebay?  

price is suffering already.   

it is why im not selling bitcoins anymore, and i'm no longer daytrading. i don't care if i will have them 100 or 200, if bitcoin will succeed, i will be rich anyway.

and without fail when the forum turns euphoric 1000$+ etc the dumping begins

I personally lost my profits of the past few weeks but hey, you bet sometimes and you lose.