Re:Warning Signs About Another Giant Bitcoin Exchange
by bduerst on Wednesday November 22, 2017 @11:42AM
(#15758190)
They're converting Bitcoins to USD and back again, which is HFT activity. People are not using it to make payments to people but converting it to/from other currencies, which is speculative and not currency behavior.
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Re:Warning Signs About Another Giant Bitcoin Exchange
by wc- on Wednesday November 22, 2017 @12:53PM
(#15758824)
Bitpay is a payment processor, they receive bitcoin on behalf of a store, and then give the store USD or EURO or whatever. When Bitpay says their activity has gone up, that means more bitcoin is being used to pay for real goods, services, etc.
Please go back and read the article, or just look at their homepage...