Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Sitarow
on 08/02/2015, 00:01:39 UTC
Quote from: NotHatinJustTrollin on February 07, 2015, 11:55:53 PM
Quote from: Sitarow on February 07, 2015, 11:50:23 PM
Quote from: NotHatinJustTrollin on February 07, 2015, 11:47:14 PM
Quote from: Sitarow on February 07, 2015, 11:40:30 PM

Your first argument is a feeble attempt to push fallacy as fact.
Bitpay one of a few service providers says otherwise.

http://blog.bitpay.com/2015/02/04/bitcoin-and-bitpay-in-2014.html
In that link there is no reference to actual transaction volume, it doesn't say anything about how much money is spent (aka dumped) on merchants accepting bitcoin with Bitpay, if this number has increased or if it's anywhere significant. also, it doesn't tell you who is dumping spending their bitcoin on merchants accepting them through Bitpay. Whales who already own plenty of BTC? a limited number of libertarians? or people buying bitcoin to use as a currency for its *amazing advantages* to fiat money?
I highly doubt it any significant amount of money comes from the latter group, and bitpay doesn't tell me anything about that.

Because that was my point, people buying bitcoin to use it for its supposed utility as a currency.



@NotHatinJustTrollin.

Knowledge, Understanding & Wisdom is a lost art on you it seems.
Why the hell are you posting a pic of BTC-E? Does that answer any of these questions (especially the last one)?
Nope.

Quote
it doesn't say anything about how much money is spent (aka dumped) on merchants accepting bitcoin with Bitpay, if this number has increased or if it's anywhere significant. also, it doesn't tell you who is dumping spending their bitcoin on merchants accepting them through Bitpay. Whales who already own plenty of BTC? a limited number of libertarians? or people buying bitcoin to use as a currency for its *amazing advantages* to fiat money?
I highly doubt it any significant amount of money comes from the latter group, and bitpay doesn't tell me anything about that.

Unfortunately your lack of wisdom is evidently shown publicly. Your incompetence in exercising understanding is imponderable.
http://www.btcfeed.net/news/bitpay-processed-over-100-million-in-bitcoin-transactions/
As of May 2014,
"Today BitPay has processed over $100 Million in total and is currently processing $1 million in transactions a day."
Cheesy