Re: Was a huge BitPay transaction to BFL responsible for the price drop on Oct 24?
they will spend their own money and try to make money sending it very slowly over time.
I doubt that, it would be very risky for a payment processor because of high volatility. Your business model would be speculation, not payment processing.
they say: BitPay consolidates market depth from multiple exchanges to provide buyers with a bitcoin best bid (BBB) exchange rate.
They speculate
Pirate likes to buy high and sell low, with other people's money.
if you buy at 8.00 or below, and sell at 9.00 or above, you can make money trading against pirate too. I've done that x6000 coins this week, earning me about a 25% return on my investment trading against pirate.
EDIT: if anyone wants to buy some goxUSD from me to take advantage of the buying opportunities, email me at tony@bitpay.com
if you buy at 8.00 or below, and sell at 9.00 or above, you can make money trading against pirate too. I've done that x6000 coins this week, earning me about a 25% return on my investment trading against pirate.
EDIT: if anyone wants to buy some goxUSD from me to take advantage of the buying opportunities, email me at tony@bitpay.com