Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 34057. (Read 26656662 times)

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:

full member
Activity: 153
Merit: 100
Paypal considering adding bitcoin as a funding method.

http://www.bloomberg.com/video/paypal-sees-20-billion-in-mobile-transactions-WlokACTBRterdjHAJGNB6w.html
Fast forward to about 2:45 to hear about bitcoin

Looks like they are looking closely at western union and do not want their lunch eaten. I am a superbull and I cant believe what I just saw.



see above for paypal recognition....
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Paypal recognition ... bye bye 150 .. nice knowing you  Tongue
huh? Paypal recognition?
hero member
Activity: 826
Merit: 500
Crypto Somnium
full member
Activity: 128
Merit: 100
Surely we can take 200 today and 50 tomorrow. Go go go!
sr. member
Activity: 280
Merit: 250
$160, many asks being pulled as well. Hopefully some support can build up before it goes too much higher.

hero member
Activity: 798
Merit: 1000
Paypal recognition ... bye bye 150 .. nice knowing you  Tongue
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
legendary
Activity: 3388
Merit: 4775
diamond-handed zealot
KEEP

THREAD

CLEAN

ADAM

KTHX


meh

censor thread and suffer schism
sr. member
Activity: 392
Merit: 250
Paypal considering adding bitcoin as a funding method.

http://www.bloomberg.com/video/paypal-sees-20-billion-in-mobile-transactions-WlokACTBRterdjHAJGNB6w.html
Fast forward to about 2:45 to hear about bitcoin

Looks like they are looking closely at western union and do not want their lunch eaten. I am a superbull and I cant believe what I just saw.

We have arrived.
legendary
Activity: 1288
Merit: 1000
Enabling the maximal migration
Paypal considering adding bitcoin as a funding method.

http://www.bloomberg.com/video/paypal-sees-20-billion-in-mobile-transactions-WlokACTBRterdjHAJGNB6w.html
Fast forward to about 2:45 to hear about bitcoin

Looks like they are looking closely at western union and do not want their lunch eaten. I am a superbull and I cant believe what I just saw.



OK.. so how would this work regarding taxes...   I deposit BTC to my paypal account, and then turn around and buy something on the web denominated in $$ and pay with paypal...   did I just "sell" my BTC for $$ and incure a capital gains tax liability?  Or did I just buy something with BTC?  

Does this turn paypal into the ultimate exchange?

Sigg


Could be either or both. I'm guessing at first they will go head to head with blockchain and roll out more services over time.
full member
Activity: 196
Merit: 100
160 broken in a few minutes
sr. member
Activity: 381
Merit: 250
Paypal considering adding bitcoin as a funding method.

http://www.bloomberg.com/video/paypal-sees-20-billion-in-mobile-transactions-WlokACTBRterdjHAJGNB6w.html
Fast forward to about 2:45 to hear about bitcoin

Looks like they are looking closely at western union and do not want their lunch eaten. I am a superbull and I cant believe what I just saw.



OK.. so how would this work regarding taxes...   I deposit BTC to my paypal account, and then turn around and buy something on the web denominated in $$ and pay with paypal...   did I just "sell" my BTC for $$ and incure a capital gains tax liability?  Or did I just buy something with BTC?  

Does this turn paypal into the ultimate exchange?

Sigg
legendary
Activity: 1106
Merit: 1001
Paypal considering adding bitcoin as a funding method.

http://www.bloomberg.com/video/paypal-sees-20-billion-in-mobile-transactions-WlokACTBRterdjHAJGNB6w.html
Fast forward to about 2:45 to hear about bitcoin

Looks like they are looking closely at western union and do not want their lunch eaten. I am a superbull and I cant believe what I just saw.



wow!!

And just as with WU, there appear to be two solutions to the equation. In one, Bitcoin is the enemy. In the other, it's an amazing technology that can save them millions if co-opted. The fact that Marcus didn't flat out refute it, and that he spoke somewhat knowledgeably of miners and so on... this is big.
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