well WTF am I missing here ebay/paypal announces they are gonna take Bitcoin and usd price has dropped to $466 wtf am I missing here..jeez
What you're missing is that ebay/paypal hasn't announced that they are going to take bitcoin. Once they do actually announce they will be accepting bitcoin it might be a different story, but until it actually happens I wouldnt hold my breath.
A paypal subsidiary called braintree will probably use bitcoin a a mobile phone payment option, but ebay/paypal is not considering bitcoin at the moment.
the ceo of ebay has been considering BTC for about a year, he likes btc a lot. pay pals reluctance is what has kept it from going through. they have a monopoly over ebay they don't want to give up. likely paypal sees its only a matter of time and is trying to position themselves as middleman in the setup.