I think it will have detrimental effect on btc price when and if Paypal starts accepting bitcoins. Paypal, like Western Union, faces an agonizing future where BTC becomes the mainstream payment option. Paypal's only options at this time are:
1. Delay and postpone the inevitable mass adoption of bitcoins
2. Co-opt and integrate bitcoins and become another bitcoin processor
They are doing whatever they can do to prolong Option #1 right now. Option #2 is painful to them because it means the loss of their hugely profitable business model.
Topic: What happens when Paypal accepts Bitcoin ? - page 2. (Read 2478 times)
i think not
spending btc on pp is somewhat like selling “otc“
it wont affect exchange prices much
spending btc on pp is somewhat like selling “otc“
it wont affect exchange prices much
You don't think PP accepting BTC will 'affect prices much'
?
http://video.cnbc.com/gallery/?video=3000281677
Let me quote - "At Paypal we will have to integrate digital currencies into our wallet"
He has also said that he himself owns some bitcoins.
What does this mean in the short term , what will happen when people hear that Paypal may support Bitcoin in the indeterminate future ?
I think the bare news will cause a rise in the price of a bitcoin , but by how much ?
And what does this mean in the long term , when the day comes that Paypal accepts Bitcoin ? Will this convince more people to join use Bitcoin on its own or will Bitcoin just be another payment method , muddled up inside Paypal ?
This will definitely increase Bitcoin awareness , but will this make Paypal take over Bitcoin business from sites like bitstamp and blockchain.info's wallet or will this make people leave Paypal for Bitcoin ?
And last but not least , will the forum explode as news of this spreads ? There has always been a don't mix Bitcoin and Paypal policy , how easily will people switch to Paypal ?
Let me quote - "At Paypal we will have to integrate digital currencies into our wallet"
He has also said that he himself owns some bitcoins.
What does this mean in the short term , what will happen when people hear that Paypal may support Bitcoin in the indeterminate future ?
I think the bare news will cause a rise in the price of a bitcoin , but by how much ?
And what does this mean in the long term , when the day comes that Paypal accepts Bitcoin ? Will this convince more people to join use Bitcoin on its own or will Bitcoin just be another payment method , muddled up inside Paypal ?
This will definitely increase Bitcoin awareness , but will this make Paypal take over Bitcoin business from sites like bitstamp and blockchain.info's wallet or will this make people leave Paypal for Bitcoin ?
And last but not least , will the forum explode as news of this spreads ? There has always been a don't mix Bitcoin and Paypal policy , how easily will people switch to Paypal ?
it might increase the price a bit because it is a form of acceptance, but it's a bit pointless because bitcoin doesn't need paypal.
wasn't that the whole point?
i think not
spending btc on pp is somewhat like selling “otc“
it wont affect exchange prices much
spending btc on pp is somewhat like selling “otc“
it wont affect exchange prices much
You don't think PP accepting BTC will 'affect prices much'
?
Obviously it will lead to more people selling bitcoin for fiat which will drive the price downwards
won't it?
To some extent a fair call..! won't it?
But Hypothetically it will first go above with all the demand that will emerge after paypal accepts btc and new adopters getting in..! and those adopters will use bitcoin as digital currency not as an Investment that is what it is created for and that is why btc has some value. and after that it will lead more people selling btc for fiat but they will avoid selling it below the price they bought it [just my assumption] all in all a fair deal.
i think not
spending btc on pp is somewhat like selling “otc“
it wont affect exchange prices much
spending btc on pp is somewhat like selling “otc“
it wont affect exchange prices much
What happens when Paypal accepts Bitcoin ?
People who don't use credit cards will be able to add funds to their Paypal accounts in less than a banking week.
This will lead to increased Ebay purchases and hence increased profits for Ebay and its subsidiary Paypal.
They'd be crazy not to accept Bircoin.
and don't forget fees for using bitcoin on paypal should be cheaper - so both the seller and buyer should be incentivised to use it rather than their credit cards.
Obviously it will lead to more people selling bitcoin for fiat which will drive the price downwards
won't it?
won't it?
What happens when Paypal accepts Bitcoin ?
People who don't use credit cards will be able to add funds to their Paypal accounts in less than a banking week.
This will lead to increased Ebay purchases and hence increased profits for Ebay and its subsidiary Paypal.
They'd be crazy not to accept Bircoin.
http://video.cnbc.com/gallery/?video=3000281677
Let me quote - "At Paypal we will have to integrate digital currencies into our wallet"
He has also said that he himself owns some bitcoins.
What does this mean in the short term , what will happen when people hear that Paypal may support Bitcoin in the indeterminate future ?
I think the bare news will cause a rise in the price of a bitcoin , but by how much ?
And what does this mean in the long term , when the day comes that Paypal accepts Bitcoin ? Will this convince more people to join use Bitcoin on its own or will Bitcoin just be another payment method , muddled up inside Paypal ?
This will definitely increase Bitcoin awareness , but will this make Paypal take over Bitcoin business from sites like bitstamp and blockchain.info's wallet or will this make people leave Paypal for Bitcoin ?
And last but not least , will the forum explode as news of this spreads ? There has always been a don't mix Bitcoin and Paypal policy , how easily will people switch to Paypal ?
Let me quote - "At Paypal we will have to integrate digital currencies into our wallet"
He has also said that he himself owns some bitcoins.
What does this mean in the short term , what will happen when people hear that Paypal may support Bitcoin in the indeterminate future ?
I think the bare news will cause a rise in the price of a bitcoin , but by how much ?
And what does this mean in the long term , when the day comes that Paypal accepts Bitcoin ? Will this convince more people to join use Bitcoin on its own or will Bitcoin just be another payment method , muddled up inside Paypal ?
This will definitely increase Bitcoin awareness , but will this make Paypal take over Bitcoin business from sites like bitstamp and blockchain.info's wallet or will this make people leave Paypal for Bitcoin ?
And last but not least , will the forum explode as news of this spreads ? There has always been a don't mix Bitcoin and Paypal policy , how easily will people switch to Paypal ?
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