This is bad in the short term for Bitcoin. Because Dell uses Coinbase(instead of accepting and keeping Bitcoin directly), coinbase will need to eventually sell the BTC to cover the USD they gave to Dell. This is why the price is dropping. Then people start to panic and sell as well.
Hmmm...Why do people keep saying the price is dropping? For me it has been going up...Yesterday morning: 580, end of day: 605 ,this morning went to $602, so it went down a tiny bit at night...but I wouldn't mind it doing that every dang day
What are you talking about? It was $630 when Dell announced they started accepting Bitcoin payments. Since then it went down.