On October 9th I fired off a short article about a recent “Crash” for Bitcoin. I use the term “Crash” extremely loosely, because it was hardly a crash, more like a small dip in value, that anyone with half a mind could have immediately realized that it would correct itself in very short order.
And of course it did.
I wanted to publish the short Article on that Monday, October 7th as I walked into the office, but as they say “the best laid plans”… It was not until two days later that I was able to publish it, nonetheless, my point was made and my stance has only been reinforced since then.
We are now over a week later, a week’s time since OMG!!! the price of Bitcoin Crashed and a over a week since I wrote and told people that now was NOT the time to run from Bitcoin, but rather Embrace it. So allow me to apologize ahead of time for what I am going to write next, but it must be said:
I TOLD YOU SO!
For arguments sake let me go over a short sequence of events these last two weeks
- On Sunday October 5th the Value of 1 Bitcoin Dropped under 300.00$ USD (290.00$)
- Mass Pandemonium ensues
- On Monday October 7th the Value of 1 Bitcoin is already rising (330.00$ USD) I want to write an article urging people to bit Bitcoin, but I don’t have the time.
- On Tuesday October 8th I begin writing the Article I wanted to on Monday, the Value of 1 Bitcoin is now at 344.00$ USD
- On Wednesday October 9th I pusblish my short Article entitled BITCOIN; Time to Buy or Time to Run? The Value of 1 Bitcoin is listed at 356.54$ USD
- I tell readers that now is the TIME TO BUY not run.
- Wednesday October 15th. The Value of 1 Bitcoin is at 394.57$ USD and continues to climb
- Thursday October 16th. The Value of 1 Bitcoin is at 380.52$ USD
- OMG! OMG! Bitcoin dropped 14.00$!!!!! Stop the Presses this is another epic Crash!!!!
- Friday October 17th. This Article goes live, the Value of 1 Bitcoin is at 378.30$ USD
If you were of those who saw and understood that the drop in Bitcoin value would correct itself quickly and you purchased a Bitcoin on
- October 5th. And sold it today you would have made …… 88.30$ USD Profit
- October 7th WHEN I FINALLY GOT AROUND TO TELLING YOU TO And sold it today you would have made …… 48.80$ USD Profit
Bottom line is, profit was and is there to be had
Now, all jokes aside, because we are speaking of money here after all. Yes Bitcoin is money, all Digital Currency (Altcoins) is money and they require “FIAT” money to acquire. Bottom line is, no one wants to lose money! Whether that money is US Dollars, Japanese Yens, EU Euros or the Internets Bitcoins.
So, if you will allow me to take a slightly more serious tone for the remainder of this article.
Digital Currencies, of which Bitcoin is the flagship and by far the most recognized, will oft see their values fluctuate, not unlike the way we see a country’s currency fluctuate. It is the nature of the beast so to speak. But we must never lose sight of the fundamental difference between Bitcoin (Digital Currencies) and Dollars/Euros/Yens (FIAT currencies),
You see, Bitcoin’s value is not predicated upon whether or not a population of a particular country trust it or not. Bitcoin is not volatile in the same Absolute way in which FIAT currency is. Understand that Bitcoins will only be produced for a finite amount of time (the last Bitcoins will be produced in 2140 (give or take)m and there will only be a finite amount of total Bitcoins produced, just shy of 21 million, but if you want a more exact number try this one on for size 20,999,999.999999999496 BTC. So yea, lets agree to go with the “just under 21 million”.
The value of a Bitcoin will continue to fluctuate on the day to day scale and will continue to grow on a yearly scale. So once again I will repeat this articles title “It is always a good time to Buy Bitcoin“. IF you look at things in the short term, you will always panic and give the aficionados some entertaining laughs, IF you take things in stride and look at the big picture… you will be happy for it.
Now with all that being said, I wouldn’t be a very helpful person if I didn’t, at the very least, point you in the right direction and provide you with links to Bitcoin (Digital Currency) traders/exchanges/merchants… you know the people and places were you can actually get your hands (well virtual hands) on some bitcoins.
With Halloween just around the corner, kids are feverishly looking to come up with the best costume they can! It is a yearly tradition, almost as exciting as weeding through ALL the candy that the little tikes will have plundered during the evenings trek.
While ghosts, ghouls and goblins have always been a fan favorite, times change and often the nature of the costumes will reflect the times. Lets take this image as an example:
What do we have here?
All pretty typical Halloween costumes, I am certain we will have our fair share ring our doorbells and and greet us with the customary
“TRICK OR TREAT!”
Of course as a Payment service Provider I would be remiss if I neglected to mention that I have both Heard… and seen that Digital Currencies are looking to get into the joyous Halloween activities. Although I do have to say that while this is likely their collective first Halloween, it does sadly appear as though their creative uniqueness has hit a roadblock.
Not unlike the years when a specific superhero or superheroes are all the rage. The years when we see countless Batmen or teenage mutant ninja turtles.
It would appear as though the younger Digital Currencies have their own hero to mimic and impersonate for Halloween, oh yes you must surely have guessed it, but it case you haven’t, here is a picture to demystify you.
What do we have here?
I suppose they are all pretty typical Halloween costumes, I mean if I was an Altcoin like Dogecoin, Darkcoin, Namecoin and Litecoin, well I’d reckon that my “superhero” of choice would indeed be Bitcoin and if I was to dress up as a superhero for Halloween… A Bitcoin costume would make perfect sense.
While we are here, lets take a look a what “Super Powers” Bitcoin has:
- The Ability to GROW in record time!
- The Ability to withstand crashes and come out Stronger than ever!
- The Ability to Inspire others!
- The Ability to Withstand Government interference
- The Ability to deflect Naysayers
- The Ability to make everyone Richer!
Oh yes, if I was an Altcoin, BITCOIN would indeed be my Hero!
Over the course of the weekend the value of a Bitcoin plummeted to a disturbing low, falling under the 300.00$ (USD) mark for the first time in a very long while. The cost of 1 Bitcoin was 290.00$ on Sunday October 5th, dropping roughly 18% from 356.00$ to 290.00$. The value corrected itself and has now stabilized at roughly 330.00$ as of October 7th, 2 days following the weekend “crash”
This wasn’t the first time Bitcoin was hit with a substantial drop in value, nor will it likely be the last time.
That being said this latest 18% drop pales in comparison to the huge crash that occurred between Dec 4th Dec 7th, of last year (2013). During which time Bitcoin aficionados saw the value of 1 Bitcoin go from 1,147.00 $ to 694.00$. Now that was a substantial hit.
As of October 8th the price of 1 Bitcoin was listed at 344.00$. That is some serious fluctuation in the span of a short 5 days, but does this mean that the average person should look to buy some Bitcoin before the price rises again, or run from Bitcoin and avoid getting caught up in any risky roller coaster ride?
Truth is the answer really depends on the type of character the person inquiring has. That being said, if you are reading this article, odds are that you are a Bitcoin (Digital Currency) enthusiast. As such, I’d say pick up a Bitcoin or two or three… or as many as you can safely afford to pick up, before the price rises again, because it will, it always has. During Bitcoin’s short life thus far (for a brief recap of Bitcoin’s history click here), it has done nothing but climb in value over the years.
In fact, if you would have picked up a Bitcoin when it dropped to 290.00$ this past weekend and looked to sell it today, well, you’d have made a 54.00$ profit. Pretty cut an dry if you ask me.
Now lets take a look at it from a Payment Service Provider’s perspective, DebitWay is proud to help Bitcoin merchants get up and running in their endeavours. In fact in the last 2 months alone, DebitWay has partnered with 4 great Bitcoin companies, effectively providing payment solutions for Quadrigacx, Coinrnr, Expresscoin and Cryptsy.
With More and more people looking to get into the Digital Currency industry on a daily basis and more and more large existing Bitcoin enterprises expanding at a rapid pace. The writing is on the wall; Bitcoin is not done growing, now is not the time to run from it, but rather to embrace/invest in it.
When the value of Digital Currencies drop, as it has this last week, some will see it as a bad sign, otherwise will see it as the ideal time to invest.
At DebitWay we see the patterns, we see the trends and we see an ideal opportunity to get your hands on some Bitcoin! As of right now (October 9th) The value of 1 Bitcoin is set at 356.54$. Essentially where it was before the “Crash“
IF ITS RAINING BITCOINS, BEST BE READY TO FLIP THAT UMBRELLA UPSIDE DOWN AND COLLECT AS MANY AS YOU CAN!
So in order to clear up any confusion I’d like to take this time to reintroduce you to the DebitWay Family, the appropriate acronyms and of course the specific function of each individual payment method that make up our Online Payment Processing Service household.Let’s start with DebitWay itself, you may believe that the acronym it is associated with is DBT and in fact you would be correct! But do you know what DBT stands for? Direct Bank Transaction? Direct Bank Trade? Dominant Bank Team? No, no and… No.
The acronym DBT actually stands for DEBITWAY BANK TRANSFER. Of course now that you see it, it makes perfect sense. After all, DebitWay has been in the business of providing you, the online merchant, with the best, most reliable and most secure payment processing for over 10 years, or in laymen’s terms, DebitWay transfers money from one bank to another.
INTERAC® Online Payment (IOP)
The DebitWay IOP service is a boon for Canadian e-merchants; it allows them to benefit from real-time payment processing, no charge backs and the added luxury of being able to rely on a widely recognized and respected payment method of which DebitWay has been Certified Payment Provider for over a decade.
“Wait, Wait! What if I am not a Canadian e-merchant!?” I hear you, and I am getting to that, rest assured, DebitWay has taken the world into account and the next member of the family is tailored for the world as a whole!
Direct Debit Transfer (DDT)
DDT is DebitWay’s “Worldly” family member. What does that mean? It means that if you, as a savvy online merchant, generate transactions from say… United States of America, United Kingdom, China, Mexico or Australia(for example), DDT is likely the payment processing method most tailored for you. With banks in over 50 Countries signed on to DebitWay’s DDT, we have the payment solution you need.
Direct Debit Transfer is akin to IOP in that it will process your transactions in real-time and eliminate the fear of charge backs. The name says it all; it is a direct debit transfer payment solution, the consumer’s funds move directly from his or her bank (world-wide) into your (the DebitWay partner’s) account. Quick, simple and infinitely effective!
Electronic Funds Transfer (EFT)
EFT is a long-standing payment option that allows Canadian e-merchants (yes, yes, I will get to those non Canadian entities in a moment) to accept payment for their products or services from anyone who is the bearer of a valid checking account.
EFT is the payment gateway for processing e-checks. While IOP and DDT are more exclusive, EFT is all about inclusivity! It makes no difference if the consumer on your website conducts his or her financial transactions with a bank, credit union or caisses populaires. If they can write a check, they can pay you, simple as that.
Automated Clearing House (ACH) *Coming Soon!
This brings us to the next member of the DebitWay family, EFT’s American counterpart (I did promise that I would get to the non-Canadian entities). ACH, short for Automated Clearing House, allows merchants to accept e-checks from American financial institutions. Let’s be honest here, Canada (which is an incredible country that can boast producing the most fantastic maple syrup and the best hockey players in the world) has a population of 35 million, whereas the United States of America can lay claim to population that numbers in excess of 317 million people!
So I ask you, wouldn’t you, as an e-merchant, want to allow these millions of potential e-shoppers the opportunity to pay for your product or service? Of course you would!
Credit Cards (CC)
Of course credit cards will always be a mainstay in the PSP world. When all else fails, eConsumers reach for their credit cards in order to complete online transactions. While DebitWay.ca has gone to great lengths to provide eMerchants to the best, most reliable and most intuitive alternative payment service processing, the fact remains that DebitWay’s #1 goal is to provide its merchant partners with every tool they need in order to grow and prosper in the eCommerce world, as such credit cards are being added to the DebitWay family!
These 5 online payment methods are not novel, what is novel is the security, customer service and dedication that DebitWay.ca offers alongside their family of payment methods. A family that is all readily accessible from one place, with one Master Merchant Account.
Be advised World of Tanks (WoT) and World of Warplanes (WoWP) aficionados, THE TIME IS NOW!
As we mentioned in our previous blog entry, the minds behind Wargaming.net and Debitway.ca have banded together to offer players of the #1 RTS tank game and warplane game in the world 2 Epic Gold Bonus Bundles.
We promised you that the details of the sale would be forthcoming in our previous article, and we stand by our word. After all we wouldn’t want you getting angry and rolling a M4A3E2 Sherman Jumbo into our offices or dive bombing an Ilyushin IL-40P, guns blazing, through our front doors.
Now temper your excitement for a moment, we need to specify that the following Gold Bonus Bundles are Valid for both World of Tanks and World of Warplanes, in fact the gold purchased via DebitWay.ca’s payment platform will be linked to you wargaming ID and not a specific game. So choose your bundle and chose your game, heck if you asked me, I’d tell you to choose a bundle for each game, unless you are ready to argue over the merits of the Army versus the Airforce, personally I think both are immeasurably valuable to any army, but I digress…
One more thing before I go on to list the details:
These Gold as a Bonus Bundle offers will ONLY last 1 Week, from September 25th to October 1st & only to players who transact via DebitWay’s certified INTERAC® Online Payment platform, so if you are contemplating your purchase, do not contemplate too long, you know that you will kick yourself if you miss it.
Now on to the details that you have been waiting for impatiently!
780 Gold as a Bonus
That’s a 12% Bonus!
2,400 Gold as a Bonus
That’s a 16% Bonus!
As far as Massive Multiplayer Online (MMO) Real-Time Strategy (RTS) games go, Canadian gamers know and love WoT and WoWP, that is no secret. With graphics that are second to none, a gaming engine that makes you feel like you are in the cockpit of an agile warplane or in the hull of a powerful tank, it is no surprise that millions of Gamers around the world have made Wargaming.net their destination of choice.
Factor in the structure in which wargaming.net has implemented monetization in their games and players fast become aware that this game is all about skill and dedication, not deep pockets.
DebitWay.ca has become the alternative payment service provider of choice for the social gaming industry. The skills to get merchant partners, up and processing transactions in record time (30 days to Live) and the dedication to providing the assistance and support needed to optimize a merchant’s return while protecting the security of their registered users.
This Gold as a Bonus event does exactly that! Canadian gamers who play WoT or WoWP and who opt to benefit from this week long “Thank You” event will enjoy the dedication that Wargaming.net has shown over the years as well as benefit from the innovative DebitWay.ca IOP payment method that protects them from identity theft thanks to the dedication the Montreal, Quebec alternative payment service provider has put into providing eConsumers a way to pay that does not require them to transmit any sensitive information across the internet.
The time couldn’t be better for fans of World of Tanks and World of Warplanes to make their first Gold purchase or to make another, all signs point to YES!