Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Sitarow
on 08/02/2015, 00:52:32 UTC
Wow, so you mean that the part that says " bitcoin trading volume" might be about the bitcoin trading volume instead of e-payments.   Shocker !  What a masterpiece of misinformation....

Yes, that is a good example of how you can lie (= "intentionally lead people to believe in something that you don't believe") by telling the truth.

What would a casual reader understand by "trading volume"?

Quote
Also, companies that "accept bitcoins" do in fact accept bitcoin. They might not hold the bitcoins, and convert them to fiat, but they do accept them.

Bitpay gives merchants the option to actually receive the bitcoins, but the big companies listed there surely opt to receive dollars (for practical as well as financial reasons).  The conversion to dollars is done by BitPay, not by the companies.

You do realize this applies to all currencies? YEN, CNY, CAD

Just wanted to add.

If your a miner and mine BTC then effectively your exporting BTC. Places with currency that is below the value of USD benefit from a strong USD currency as their overhead is payed in their lower denominated currency.