You could be right Blitz. They may be your coins of course. In a market this thin the moves may come down to a single trader making such a short term decision.

Of course long term the utility, visibility and legitimacy of bitcoin is soaring into the stratosphere. Eventually fundamentals will drag the exchange price up kicking and screaming.

let those without faith in BTC sell.   they dont deserve to be rich. 

i got into BTC when years ago it first hit $32.    then i watched it plummet down to around $3 or $4.  so %80 drops are not unusual.  if you have no faith in BTC why are you even here?    is your life so pathetic that you have to try to crap on everyone else's parade with your claims of scam and ponzi scheme?  we don't need your warnings.  we've been through these dips before.  ciao.  

I love the fact that you failed to buy bitcoin in 2011, failed to get rich despite being on the scene in the early years when bitcoins cost pennies.

To be so spectacularly wrong and still keep posting negative crap about btc when the second biggest company in the world embraces bitcoin shows a particular brand of stupidity like no other.

How much are you dying to say, 'see I told you so!'? Ha.

Exactly. As things stand now, they pretty much need a banking account. How many 13-year-olds have banking account? Not many.

And what OP fails to mention is, you can already go to any retailer and buy an XBOX Live card for cash, which is then used with Microsoft. Buying a $20 Xbox Live Card at WalMart is a hell of a lot easier than figuring out how to buy bitcoins for the first time, especially if you don't have a bank account.

This move is merely to encourage current holders of bitcoins to spend them with Microsoft. A large portion of bitcoin enthusiasts are nerdish young men, so of course Microsoft will do something like this to target them.

Waiting for Amazon or other huge retailers to accept bitcoin is so 2013. Wake up people... nobody cares anymore about merchant adoption.

Granted, if Amazon were to accept bitcoin, and actually hold bitcoin instead of using third party processors like coinbase or bitpay to offload instantly to USD... then it would be a big deal. But that won't happen. No legitimate business is going to take that risk.

People won't be excited about bitcoin again until the community can come up with a real word usage case for it. What we need is for someone like PokerStars to accept it. See, that would actually make sense, because it would allow American players to evade government banking controls and play online poker again.

What you need to get through your heads is: nobody is going to buy bitcoins to use them on Amazon or Pets.com or whatever! They already have credit cards and they're much easier and beneficial to use!

These trolls/shills aren't even worth responding to

the microsoft acceptance is no different from the paypal acceptance.
I think we will see some rise then a big dump, no different from last time

With the immediate news of Microsoft accepting Bitcoin for digital goods on the Windows Phone and Windows Store marketplace it was amazing to see that China lead the pump.  This was something I have not seen in a while and was fun to be a part of.   

There is only one problem....

It went up about $17 dollars...  If this was 2011/2012 we would of seen the price skyrocket Mt. Gox style.   So - with that indicator.  I knew China was going to dump before their work shift ended (4PM China time) and here we are back to the $350 level.  Why is that?   I think the reason has to do with people that entered the pump were shorting the whole time (sub 350) and re-entered the market.  That action is all we got.  At the end of the day - there is no new money coming into Bitcoin otherwise the price would be steadily climing this morning with the news.   Its 10AM EST as of this post and price is moving sideways.


TLDR;  There is no new money.  Expect this to go down before or on the weekend.

For sure it will cause a surge in price, but the point is, will it last.

Currently, each time there is a good news peak it only lasts for a very short time.

At first they are happy, and then for whatever reason people seem to do a step back.

New account trolling bitcoin positive news badly.

This place is going to be a sea of schadenfreude when you lot get caught short. Lambchop will take his haughty unemployed attitude and evaporate into thin air.

I hope you pathetic creatures cash out a few pennies 'trading' this bear market before you get run over by the inevitable approach of the coming steamroller.

Another day, another of the biggest companies in the world giving bitcoin the nod of legitimacy.

So if BTC price goes down to $.01/BTC, still a win.  Amirite?

I think he (truetalkci) doesn't understand that situation   ,  he thinks that the bitcoin price has started from 1k dollars.

You need to zoom out on the charts.

i don't have to, every ponzi schemes look like the same, started from $0 i know, end up with $0, the bitcoin chart trend does look like so too

^So wait, he made a claim, substantiated it, and tore down each one of your counterarguments.  Now you ignore him.
How Bitcoiner of you

It makes the same amount of sense to use bitcoin for payment, then it is to go to a casino and convert your dollars to casino chips, so you could use them at the grocery store that accepts them as direct payment.

Paying with bitcoin makes sense if: a) You are already fanatical about bitcoin b) You need to make a black market purchase.
For the rest it's inconvenient, unsafe and often expensive.

It doesn't matter anyways. Microsoft will keep Bitcoin when they will need. Right now the don't need Bitcon for nothing, so it's normal that the don't keep them.

If someone pay with BTC in Microsoft, is beacause the bought that Bitcoin before. So I don't see the problem...

PersonX BUY 1 Bitcoin -> He spend 1 Bitcoin in Microsoft -> Bitpay SELL 1 Bitcoin -> PersonY BUY 1 Bitcoin -> He spend 1 Bitcoin in Microsoft -> Bitpay SELL 1 Bitcoin ...
 

You need to zoom out on the charts.

I don't see where it states that 100% is converted to fiat. Can u help me finding it? Maybe you don't understand that merchants can choose to keep some or all of the payment in bitcoins when using BitPay?

You understand that bitcoin started trading around $0, not $1.000.000?