Ann: Significant Increase in Global Bitcoin Transactions, page-14

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investomania

634 Posts.

27/02/15

14:08

Post #: 14830849
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Originally posted by grandcaruso ↑

Just want to correct myself . Doesn't seem like they will issue a half yearly can't see anything online might be because they only listed mid last year and not yet an ASX requirement. My mistake.

Also, regarding yesterday's announcement there is an argument to say the more often bitcoin is used the more pressure is placed on the share price. It's a bit of misnomer saying Microsoft and all these other companies are taking bitcoin (BTC) as payment for their goods or services. Essentially , Microsoft have BTC as a payment option they never actually take BTC or hold it themselves. A third party processes the payment for them ( gets a fee ) and gives them the relevant currency eg USD. The third party then needs to get money for themselves so they sell BTC causing selling pressure. The main reason for this is people don't actually go buy BTC then use it for a purchase they are using existing BTC stock.

Another thing is the announcement says BTC volumes ($ terms ) increased by 57% in 2014. Which is obviously correct but my understanding is that the actual amount of BTC used as a number actually double in 2014. This happened in a year where the BTC price actually fell more than 50%.

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Hi Grandcaruso.

You were right the first time, the half yearly will be required and the deadline is today...I surely hope that the latest announcement wasnt a softener...

This article which was just published by another user http://www.cnbc.com/id/102456187 shows that in the near future merchants will likely not immediately convert, because they can hedge.

Last edited by investomania: 27/02/15

DCC Price at posting: 9.0¢ Sentiment: Buy Disclosure: Held
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