What will be the impact of Open Bazaar on BTC price?

Bamsed

member

Activity: 120

Merit: 10

Quote from: Swordsoffreedom on November 24, 2015, 03:54:03 AM

Quote from: thms on November 22, 2015, 01:43:20 PM

Do you think Open Bazaar could make the BTC price rise significantly?

I had a long conversation about the software being changed to deviate from the Dark Market roots.
In terms of decentralized applications it has lost some of its utility.

They promise in their own FAQ that anyone doing something illicit with the software is likely to get caught, and I don't think they're lying---it's not designed for strong privacy.

Can the Open Bazaar software be cloned or modified to do illegal trading. If so, then it is quite bad for the reputation of crypto currencies.

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

Quote from: johnyj on November 23, 2015, 11:00:19 PM

I guess it will function more or less like silk road, mainly used for illegal and restricted goods, which can cause some further negative press

For normal goods, if OB want to reach ebay or taobao's functionality today, still many years behind

Well if it really ends up being like this, then I don't see a point of this long development! It will get shut down in a matter of months. Why make all this buzz about it if we will end up only with new Silk Road?

They could have just launched something out their basement on the dark net and finish with it! I don't know..

newcoins1978

sr. member

Activity: 406

Merit: 250

Quote from: randy8777 on November 23, 2015, 10:03:13 AM

Quote from: newcoins1978 on November 23, 2015, 08:52:04 AM

It might have some effect on the btc price but not right after it opens up.

I believe it will take a while before this takes off.

the most important thing is to not expect too much from this as in the price going up a lot. don't make the same mistake as when gemini launched. so many people were hoping and thinking the price would go up a lot. but it didn't happen.

Yes, exactly that's why I'm just sitting back and watch what will happen and not make any rational decision as I have done before in the past.

Swordsoffreedom

legendary

Activity: 2884

Merit: 1115

Leading Crypto Sports Betting & Casino Platform

Quote from: thms on November 22, 2015, 01:43:20 PM

Do you think Open Bazaar could make the BTC price rise significantly?

I had a long conversation about the software being changed to deviate from the Dark Market roots.
In terms of decentralized applications it has lost some of its utility.

They promise in their own FAQ that anyone doing something illicit with the software is likely to get caught, and I don't think they're lying---it's not designed for strong privacy.

Bamsed

member

Activity: 120

Merit: 10

There will be little impact on bitcoin price. When the Open Bazaar becomes larger, it might have some impact. But it will take time.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: johnyj on November 23, 2015, 11:00:19 PM

I guess it will function more or less like silk road, mainly used for illegal and restricted goods, which can cause some further negative press

For normal goods, if OB want to reach ebay or taobao's functionality today, still many years behind

especially because they have no funds, maybe if they see that many will begin to use it, they could charge a fee for other small fuction that some users may need, and speed up the proceess on the new needed tools for everyone

johnyj

legendary

Activity: 1988

Merit: 1012

Beyond Imagination

I guess it will function more or less like silk road, mainly used for illegal and restricted goods, which can cause some further negative press

For normal goods, if OB want to reach ebay or taobao's functionality today, still many years behind

btcbug

sr. member

Activity: 399

Merit: 250

I'm very excited about Open Bazaar, but it's launch alone will not affect the price of BTC. Ultimately it's adding value to the whole ecosystem, which is great and in the long run that could have a positive effect. I'm hoping the dark markets fork it and run with it. This could really open up the alt-coin markets too because most of these alts have zero usage outside of trading.

talks_cheep

legendary

Activity: 1036

Merit: 1000

Quote from: thms on November 23, 2015, 02:13:49 PM

I see a lot of potential in OB. This is a truly global Ebay without Ebay, just buyers and sellers. This could become huge.

We already have eBay, nothing has beaten it and OB won't beat it. OB is, sorry to say, destined to become another victim in the rearview of eBay. Don't get your hopes up, bitcoiners. Your day will come, just not this year. Wait until Feb/March'2016. We should see major upward price movement. Be patient, don't buy into any hype just yet.

thms

sr. member

Activity: 427

Merit: 250

I see a lot of potential in OB. This is a truly global Ebay without Ebay, just buyers and sellers. This could become huge.

drugs

member

Activity: 67

Merit: 10

It all depends how open bazaar works as I'm not exactly sure how it does at the moment. Is it just going to be one huge platform? Can anyone sell anything there? Drugs, weapons, porn etc, or will there be individual stores or sites to sell individual items ie one for drugs one for goods, one for weapons and so on. If it makes those things more accessible to the general public bitcoin could see a spike as people get involved.

Denker

legendary

Activity: 1442

Merit: 1016

I don't see why the coming launch of Open Bazaar should make Bitcoin rise in value. Not in the short term.
But it's great to see that OB will be soon open it's doors. Every new business in Bitcoinland brings us a step further.
And OB has to gain traffic first. And I hope not too much by the guys lookin for illegal stuff.
What I think will happen is that some premium/power sellers on ebay will use OB as platform where they can offer products which are not allowed or only restricted to sell on ebay. I'm curious and will definitely have an eye on that launch.

randy8777

legendary

Activity: 896

Merit: 1000

Quote from: newcoins1978 on November 23, 2015, 08:52:04 AM

It might have some effect on the btc price but not right after it opens up.

I believe it will take a while before this takes off.

the most important thing is to not expect too much from this as in the price going up a lot. don't make the same mistake as when gemini launched. so many people were hoping and thinking the price would go up a lot. but it didn't happen.

Tarantino

newbie

Activity: 56

Merit: 0

Quote from: newcoins1978 on November 23, 2015, 08:52:04 AM

It might have some effect on the btc price but not right after it opens up.

I believe it will take a while before this takes off.

Exactly my thoughts. OB is too small currently to have an effect, but hopefully it will grow via word of mouth over time and if it gets to a sizeable userbase then I could see it having an effect on the price, but probably not any time soon. I'm excited for it to be released though and will hopefully use it myself.

newcoins1978

sr. member

Activity: 406

Merit: 250

It might have some effect on the btc price but not right after it opens up.

I believe it will take a while before this takes off.

btcxyzzz

legendary

Activity: 888

Merit: 1000

Monero - secure, private and untraceable currency.

Quote from: thms on November 22, 2015, 01:43:20 PM

Do you think Open Bazaar could make the BTC price rise significantly?

Only if it becomes fairly big. News about OpenBazaar launch could move the price not more than 20%.

Snail2

legendary

Activity: 1512

Merit: 1000

Open Bazaar is a great stuff, but it will need time to take off. Open bazaar is just a new service, if it can get a high adoption rate then it might will have an indirect effect on the price but that almost surely not going to happen very soon after the launch.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: dloghwak on November 23, 2015, 02:51:13 AM

Quote from: Amph on November 22, 2015, 02:56:43 PM

Quote from: dloghwak on November 22, 2015, 01:54:33 PM

Quote from: thms on November 22, 2015, 01:43:20 PM

Do you think Open Bazaar could make the BTC price rise significantly?

If you mean just the launch than no BTC doesn't gives a fuck.
Remember Gemini? So much talk before the launch how it would have huge volume, how the 'big guys' would enter the stage - 147 BTC 24h vol currently.
If you mean that Open Bazaar could effect BTC in the long run, than I have to admit it's possible but unlikely.

what gemini has to do with open bazar, one is a simply exchange the other is a decentralized ebay, it could drive up the demand because finally many have the ability to buy a wide range of stuff with bitcoin

i only hope it will not be used by the same users that have already embraced bitcoin

They are both long awaited Bitcoin services with a lot of hope of BTC price increase at launch.
What about purse.io? You can already buy almost everything with your Bitcoin.

purse.io seems slow to me, and you can't buy anything on amazon, the good thing is the discount thing, and i hope there will be something alike in open bazar

HardForkComing

full member

Activity: 238

Merit: 100

I believe there's going to be more adoption, from people looking to buy offered goods on Bazar.
Which could lead to bigger demand, for sure. Does that guarantee price increase?

Ask the MM

rockie2000

full member

Activity: 126

Merit: 100

Waves address 3PP4npcijfECsxrf4Ms4rSxPuZq1kamGn7H

This is an interesting idea, I'm looking forward to seeing Open Bazaar goes live and try it

NorrisK

legendary

Activity: 1946

Merit: 1007

Open Bazaar might draw in a lot of bitcoin use from people that use ebay and the likes now.

If that happens, the price can potentially be moving in the positive direction.

dloghwak

sr. member

Activity: 290

Merit: 250

Quote from: Amph on November 22, 2015, 02:56:43 PM

Quote from: dloghwak on November 22, 2015, 01:54:33 PM

Quote from: thms on November 22, 2015, 01:43:20 PM

Do you think Open Bazaar could make the BTC price rise significantly?

If you mean just the launch than no BTC doesn't gives a fuck.
Remember Gemini? So much talk before the launch how it would have huge volume, how the 'big guys' would enter the stage - 147 BTC 24h vol currently.
If you mean that Open Bazaar could effect BTC in the long run, than I have to admit it's possible but unlikely.

what gemini has to do with open bazar, one is a simply exchange the other is a decentralized ebay, it could drive up the demand because finally many have the ability to buy a wide range of stuff with bitcoin

i only hope it will not be used by the same users that have already embraced bitcoin

They are both long awaited Bitcoin services with a lot of hope of BTC price increase at launch.
What about purse.io? You can already buy almost everything with your Bitcoin.

Raimonn

legendary

Activity: 1470

Merit: 1001

I don't think that open bazaar affect bitcoin price. When it will start will need some months to grow its users, impact to other ecomerce sites will be very small on its start.

Junko

legendary

Activity: 1512

Merit: 1000

Not likely to have much of an impact on btc price if at all. But I think they will still be successful in the long run with some aggressive marketing. Maybe run some Super Bowl Ads - not in this year's ones, but maybe in the next few.

tiggytomb

legendary

Activity: 1848

Merit: 1000

I don't think if will have an effect on launch or even in the first few months. If it gets serious traffic and a good reputation and some decent marketing in time it could have an effect, wouldn't it be something if it was up there rivalling ebay.

SFR10

legendary

Activity: 2968

Merit: 3406

Crypto Swap Exchange

Unfortunately the impact that could have is going to be in the long run and not an instant one mainly due to the demand staying still within the BTCitcoin community and not coming from other communities unless they do some serious advertisings on most popular websites then the chances could rise accordingly only if new users try to use it, therefore this creates new demands from the circle other than it is now and as result, a price rise for BTCitcoin.

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

I don't think it will send us 50% up, but I think that it will be very important for our growth and success! Every single positive piece that we add to this Bitcoin puzzle is important and it will count in the end. This is exactly what we need to make this thing a success!

Gemini as well! I couldn't believe what some people were saying about the Gemini and what they are still talking about today! And we should be the happiest people alive that we have gotten another legit exchange!

quadriple7

sr. member

Activity: 252

Merit: 250

i think there will be no serious impact

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: dloghwak on November 22, 2015, 01:54:33 PM

Quote from: thms on November 22, 2015, 01:43:20 PM

Do you think Open Bazaar could make the BTC price rise significantly?

If you mean just the launch than no BTC doesn't gives a fuck.
Remember Gemini? So much talk before the launch how it would have huge volume, how the 'big guys' would enter the stage - 147 BTC 24h vol currently.
If you mean that Open Bazaar could effect BTC in the long run, than I have to admit it's possible but unlikely.

what gemini has to do with open bazar, one is a simply exchange the other is a decentralized ebay, it could drive up the demand because finally many have the ability to buy a wide range of stuff with bitcoin

i only hope it will not be used by the same users that have already embraced bitcoin

richardsNY

legendary

Activity: 1232

Merit: 1091

Maybe that people will get excited and that we will see a small price increase due to that. Beside that, I can't see it have a reasonable impact on the short term price.

dloghwak

sr. member

Activity: 290

Merit: 250

Quote from: thms on November 22, 2015, 01:43:20 PM

Do you think Open Bazaar could make the BTC price rise significantly?

If you mean just the launch than no BTC doesn't gives a fuck.
Remember Gemini? So much talk before the launch how it would have huge volume, how the 'big guys' would enter the stage - 147 BTC 24h vol currently.
If you mean that Open Bazaar could effect BTC in the long run, than I have to admit it's possible but unlikely.

thms

sr. member

Activity: 427

Merit: 250

Quote from: vendetahome on November 22, 2015, 01:50:46 PM

can i get any more information about it as i hear about it for the first time? also if it will be something like an auction it will surely increase the price

sure, here it is:

https://blog.openbazaar.org/what-is-openbazaar/

it's schedule to launch in December.

vendetahome

hero member

Activity: 658

Merit: 500

can i get any more information about it as i hear about it for the first time? also if it will be something like an auction it will surely increase the price

thms

sr. member

Activity: 427

Merit: 250

Do you think Open Bazaar could make the BTC price rise significantly?

Topic: What will be the impact of Open Bazaar on BTC price? (Read 1637 times)