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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33934. (Read 26503714 times)

legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner

If I believe or not doesn't matter.

It does when we're discussing whether things like this are important or not. Your opinions are colored by your beliefs. You're saying that you don't think it's big news (and you're entitled to your opinions), I'm just explaining why, for some of us, it is.

... this is big news ...

now lets have Bill Gates explain to the world why bitcoin ( or somthing like it  Tongue ) is the future, mmmk?
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

If I believe or not doesn't matter.

It does when we're discussing whether things like this are important or not. Your opinions are colored by your beliefs. You're saying that you don't think it's big news (and you're entitled to your opinions), I'm just explaining why, for some of us, it is.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
If they said they will implement bitcoin in next few months you'd be watching bitcoin's price at 500$ at this moment. And thousands in week or two.

Where we stand at, it's huge news to hear Paypal, WesternUnion etc talking any kind of positive talk about bitcoin. That produces positive stuff in average Joe head, and when enough of average Joes have that view you won't wait long to see Paypal and similar companies giving some deadlines about bitcoin.
full member
Activity: 196
Merit: 100
The paypal comment means nothing. Just being a CEO. What else could have said ? Fuck bitcoins ? You guys are delusional...

That doesn't matter. They probably will never implement anything bitcoin for all we know. But the fact that he mentioned that they are eyeing bitcoin, true or not, will spark some confidence into bitcoin and boost credibility.

Paypal CEO mentioning bitcoin == positive bitcoin publicity.

OTOH, if you believe in Bitcoin, Paypal will either have to take it on eventually or be eclipsed by someone who does. In this case, this is a very good sign.

I just said that the news weren't as huge as some people said they were. If they said that they pretended to integrate bitcoin by next months/year. That would have been HUGE news. Just a CEO saying they are interesting, no, not huge.
If I believe or not doesn't matter. What matters is if bitcoin suceeds or not. If It does, of course, Paypal will have to take them.. but I'm not man of faith, and even if I have trust in cryptocurrencies, I wouldn't put my hand in the fire for bitcoin.
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
The paypal comment means nothing. Just being a CEO. What else could have said ? Fuck bitcoins ? You guys are delusional...

That doesn't matter. They probably will never implement anything bitcoin for all we know. But the fact that he mentioned that they are eyeing bitcoin, true or not, will spark some confidence into bitcoin and boost credibility.

Paypal CEO mentioning bitcoin == positive bitcoin publicity.

OTOH, if you believe in Bitcoin, Paypal will either have to take it on eventually or be eclipsed by someone who does. In this case, this is a very good sign.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
The paypal comment means nothing. Just being a CEO. What else could have said ? Fuck bitcoins ? You guys are delusional...

That doesn't matter. They probably will never implement anything bitcoin for all we know. But the fact that he mentioned that they are eyeing bitcoin, true or not, will spark some confidence into bitcoin and boost credibility.

Paypal CEO mentioning bitcoin == positive bitcoin publicity.

Of course, you can be the biggest bear in the world but should take some profit that interview can produce for you.
full member
Activity: 174
Merit: 101
The paypal comment means nothing. Just being a CEO. What else could have said ? Fuck bitcoins ? You guys are delusional...

The guy knew specific facts of a topic that even the interviewer said was out of left field. C-level execs at Paypal, the biggest online payment processor, have clearly discussed Bitcoin. That, in and of itself, is massive news. Bitcoin is being recognized and described as 'fascinating', that alone will get converts.
newbie
Activity: 49
Merit: 0
The paypal comment means nothing. Just being a CEO. What else could have said ? Fuck bitcoins ? You guys are delusional...

That doesn't matter. They probably will never implement anything bitcoin for all we know. But the fact that he mentioned that they are eyeing bitcoin, true or not, will spark some confidence into bitcoin and boost credibility.

Paypal CEO mentioning bitcoin == positive bitcoin publicity.
member
Activity: 110
Merit: 10
The paypal comment means nothing. Just being a CEO. What else could have said ? Fuck bitcoins ? You guys are delusional...

It's a much more bullish development than not acknowledging the significance of bitcoins at all, or not even acknowledging their existence, which is what you typically would've expected CEO's of huge companies to do a year ago.
sr. member
Activity: 392
Merit: 250
The paypal comment means nothing. Just being a CEO. What else could have said ? Fuck bitcoins ? You guys are delusional...

He said that they are considering it.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
You guys talking about paypal and bitcoin are like those who talk about LTC and gox.

Too bad paypal didn't actually make that april fools joke. One day at 9001 might have been fun Wink
full member
Activity: 196
Merit: 100
The paypal comment means nothing. Just being a CEO. What else could have said ? Fuck bitcoins ? You guys are delusional...
legendary
Activity: 2772
Merit: 1028
Duelbits.com
^What's with the rally in Litecoin? Did Paypall make a statement about Litecoin that I don't know about?

Last few weeks litecoin acts as bitcoin proxy - bitcoin up, litecoin up and vice versa
legendary
Activity: 2772
Merit: 1028
Duelbits.com
Paypal and bitcoin would be huge, huge news... anyway, even this hint should do good for price in short-term. Looks like today is time to ride it Smiley
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Well, that's true if you want CASH from your bank - but when you are moving "electronic" money from one account/bank to another you don't need more than 2/3 business days, many times with 1 day is enough, and its very unlikely your money will never go through. With Gox you may have to wait for almost a month with your withdrawal on "processing", and the fear the money will never come out because of hack, shut down by law enforcement, scam, whatever, is high.

What we need is an electronic based currency that's easy to move around and doesn't rely on overly regulated and bureaucratic infrastructure.

Oh wait...
full member
Activity: 168
Merit: 100
WTF happened while I was sleeping. Paypal Recognition? $20 rise? Huge sell wall "missing?" Sub-100k sells, lowest since before the crash? o.0
sr. member
Activity: 453
Merit: 250
^What's with the rally in Litecoin? Did Paypall make a statement about Litecoin that I don't know about?
full member
Activity: 174
Merit: 101
The biggest factor in all this (Paypal, WU, etc.), is that they are recognizing Bitcoin as a potential business opportunity. This puts added pressure to be first mover if people think someone else might jump first. Mmmm game theory.
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
I am fairly convinced that the causality is the opposite of what you describe. Sure, price and number of Google searches are correlated but correlation does not imply causation. It is rising prices that drive interest, not the other way around.

You have to be careful with what you think you're looking at too. You might think that interest in bitcoins correlates with Google trends but the thing is that the differential of an exponential is an exponential. Thus the trend on google may not correlate with the interest in something but rather with the *change* in interest in something but during an exponential period, these would look the same/similar.
sr. member
Activity: 280
Merit: 250
LOL, I go off to read /r/Bitcoin for 5 minutes and this happens:

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