Bitcoin 3 mins

Auto Yard Shop & Consignment Is Now Accepting Bitcoin for Vehicles Sold on Craigslist

Avatar Tony Spilotro Dec 9, 2017

Auto Yard Shop & Consignment (WMC), the beloved US-based used vehicle consignment business, has started to accept bitcoin from its customers.

"Cryptocurrency OK"

Craigslist recently implemented a feature called "cryptocurrency OK". The new feature, which was first reported by blockchain news website Blockexplorer News, allows sellers to check a box indicating that they are able to accept cryptocurrencies as payment.

This option makes a lot of sense because usually people are very reluctant to share debit card or banking info to total strangers @ Craigslist, so now it’s only natural that many will want to send anonymous coins rather than fiat money.

Besides a good number of well-known online retailers, including Expedia, Microsoft, Etsy and OkCupid also accepting cryptocurrencies as payment, stores in the non-digital world that do so are still few and far between.

Auto Yard Shop & Consignment Accepts BTC

Now, Craigslist buyers can spend their BTC on almost anything.

Auto Yard Shop & Consignment LLC, (, a nationwide used vehicle consignment business who inspects, photographs and sells your vehicle on Craigslist, has started to accept bitcoin in the next few months since the option became available on Craigslist.

As a consignment store for used vehicles, Auto Yard Shop & Consignment helps vehicle sellers make more money for their cars and buyers get more car for their money, all while eliminating the traditional hassles associated with the sale-by-owner market on Craigslist.
Auto Yard Shop & Consignment, for an initial $199 listing fee, has each vehicle state safety inspected, professionally cleaned, photographed, and marketed to buyers on Craigslist or eBay. Auto Yard Shop & Consignment manages customer support for buyers and sellers during the transaction, handles payment, insures shipping and delivers anything from motocycles to large RV's, boats or heavy equipment.

“We get excited when we save our customers time and money, and we look forward to serving more businesses and showing them the meaningful value our consignment model can create when they have company and fleet-vehicles to sell,” ” said AARON MILLER, co-Founder and CEO of Auto Yard Shop & Consignment.

The adoption and integration of blockchain technology by consignment services like Auto Yard Shop & Consignment will drastically decrease transaction time and unnecessary paperwork and increase the security and awareness of millennials in bitcoin and cryptocurrencies, which have evolved into a major asset class.


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Bitcoin Price Technical Analysis for 01/12/2018 – New Triangle Forming

Avatar newsbtc Dec 9, 2017

Bitcoin Price Key Highlights

  • Bitcoin price has formed lower highs and found support at $13,000, creating a descending triangle pattern.
  • Price is currently testing the bottom of the formation and might be due for  bounce back to support.
  • Technical indicators appear to be signaling that the consolidation could carry on.

Bitcoin price is trading inside a descending triangle pattern and is currently testing support.

Technical Indicators Signals

The 100 SMA is below the longer-term 200 SMA on this time frame, so the path of least resistance is to the downside. This suggests that the triangle support is more likely to break than to hold, possibly sending bitcoin price down by $6,000 or the same height as the triangle formation.

These moving averages are also close to the triangle resistance, adding an extra ceiling in the event of a move higher. Stochastic is pointing down to show that sellers have the upper hand but RSI looks ready to turn higher and indicate a return in bullish momentum.

Market Factors

The US dollar was actually on weak footing as PPI numbers turned out weaker than expected and traders set their expectations lower for today’s CPI release. Note that downbeat inflation expectations are likely to weigh on Fed tightening odds.

Meanwhile, bitcoin price continues to reel from the lack of market interest as investors appear to be flocking to altcoins instead. South Korea also announced plans to ban bitcoin trading in the country, likely putting a huge dent on overall market activity.

In China, the government also ordered several mining facilities to close, causing costs to mine to surge.

“Some of our long-term hosting partners are facing a crisis of farm closure as mining resources in mainland China become more scarce, leading to rocketing costs of our cloud mining operation,” a statement from ViaBTC Technology Ltd., which runs the fourth-biggest bitcoin mining collective, said. “To guarantee the long run of cloud mining, ViaBTC has no choice but have to readjust our maintenance fees.”

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