Bitcoin Forum

Following PayPal information, Venmo allows payment of its services in BTC, ETH and a few other tokens, the price of BTC has increased sharply, sometimes surpassing $ 13,000 and is still holding at $ 12900. But why is the market reacting so positively?  BTC can reach $ 20000 after PayPal, Venmo accept payments in BTC, ETH?

BTC, LTC, ETH, and BCH

Obviously this is considered a good news and many FOMO, so the price is pushed to $13K and that's why the market works, if it see a good news it will react positively. As far as $20k? yes, we have touched that price is 2017 and it can happen again in the future. And predictions is that it can surpass the last all time high and move to $40K-$50K and even 6 digits figure.

$20k will be the new $10k in the future, so investors are joining the bandwagon after the Paypal news and made the price reaches $13k in about what 2 days? That is very interesting and everyone is very happy to see that price in bitcoin because many altcoins also followed the price specially the top 10 coins. And there could be a lot of news that can impact the price in the future so get in while the price is still cheap.

This is a welcome development I know something big should happen for the price to kick and it's very surprising that Paypal is the one that can push the price of Bitcoin to $12000 when for the past weeks, it's having a hard time to gain buying support in the $12000 level, I'm now positive that Bitcoin will hit $20000 later this year or earlier next year.

This is definitely good news for Bitcoin.  The price of Bitcoin is already rising and I think its price will continue to rise for quite some time. But $20k is a big amount if we think about current situation.

Possible but the amount it can be able to reach still unpredictable because members may use cryptos but its still same as paying with their paypal money so not much people going to spend extra money for the conversion fee to buy the same fee.But the reason for the increase is Paypal announced they are accepting cryptos for payments.

Looking at the current scenario it looks like Bitcoin must hit the $20,000 again because the many financial institutions now accepted this currency as their fast payment also many economies are granting the resolution to be accepted in their country legally.

It's just me or i think bitcoin will hit $20,000 seems quite easy, atleast it will happens early on next year. and after this other major platform or brand will be following for integrating bitcoin, it will make bitcoin soaring even more

I still see factors such as High transaction as one of the major problem to be faced if this continue. Apart the lightning network which also have its on peculiarity, we have not seen any innovation that takle this problem of high fee.

One thing you need to understand is the price depends only on demand and supply, Yes PayPal accepting crypto payment will make crypto more popular but it doesn't mean the price will pump because of this.

PayPal has millions of users across the globe and there possibilities of price pump too, However let's wait for few more days and see how this works it's better to hold now and wait patiently.

Nobody can say for sure what will be the price of btc in the coming weeks and months but one thing is very clear, this PayPal news has some positivity in it, since the announcement btc price has been up and it seems this will continue because there is a strong possibility that new people will start to buy btc, PayPal has made btc more popular this few days and those who don't know about or who were scared to get involved are now willing to do so just because of the trust they have on PayPal, i think this announcement will certainly open new doors to crypto in general.

Getting Bitcoin to reach $ 20,000 will be difficult because there are currently many individuals and organizations holding Bitcoin and among them, they will also take profits when Bitcoin increases in value. It will take a lot of effort for the value of bitcoin to rise even higher, especially the good news, the money flowing into Bitcoin and the time it takes for bitcoin to model its chart.

The price will hit $20k. I am sure about that. But we need to have more patience to wait for that time because reaching that price will not be as easy as you say. Besides that, if you check the bitcoin price movements this year, you will see that every time bitcoin price reaches the highest price, the price will be back to the lower price, and it will stay at the current price for a while. Maybe the price will start another rally in the next month, and I am sure that if the next rallies are coming, we can see the price will make a new ATH.

Many people predict bitcoin price will touch $20k, but they still don't know when that will happens. So if we can prepare from now on to have more bitcoin, I guess that we will make a big profit later, especially if the bitcoin price can surge to the next high price.

The news from Paypal can be one of many reasons for the bitcoin price increase. But we don't know the real reason for bitcoin price increases, and we can only guess until we can know the reason. But I think we don't have to search for the reason, and it is better to enjoy this moment and make a profit while we can.

Why asking why the market reacts positively when this is a cause for celebration because this is a very big news finally Paypal join the Cryptocurrency bandwagon and this is the best time to join a very good combination, halving just finished and Paypal adding 4 Cryptocurrency in their platform.

It may not be there instantly but slowly and steadily, the base for another launch to the moon is building up and this time, we'd settle on a higher level than the last time. The number of bitcoins is approaching closer to it's limit while more and more people and business are buying and holding them. With less coins to trade and buying coins readily available to more people, 20K is nearer.

Slowly but surely it will. I guess by next year after pandemic it would go to $20K and probably even surpassing it. This paypal updates has become a big stepping stone for new digital economy.

Bitcoin will reach 20k maybe next year. More partnership is about giving the more power for bitcoin. I just try to remind you that if the more big companies will adopt bitcoin or make it become available to be used by its users and that means more money will come to the bitcoin. Remember bitcoin has limit on its supply and more people can afford to buy more and more bitcoin.

20k should be the next floor for bitcoin and imagine it will grow even more soon.

I think so. Should increase the amount of BTC first to have a good time.

The fact that PayPal, Venmo allow payment of their services in BTC, ETH and a few other tokens is very good news for the crypto market, people are slowly accepting bitcoin and cryptocurrencies.
I think it is time for governments to take a more positive look at bitcoin, and to accept bitcoin as a currency.

Yes, we are moving in that direction and I with everyone else believe that we'll see $20,000 btc between this Nov-Mar which will become the new floor for few months before we cross $40-$50k. I think paypal is a good news even though people think they're too centralized but it helps with ease of use which is connected to mass adoption.

First, this is a welcome development and a massive news for the entire crypto space and there will likely be more positive reaction to this, that is, with PayPal and Venmo now making moves to accept Bitcoin within their platforms, others would start seeing the positive side of it and will not like to be left out and hence will likely join the race so as to attract more users and so on. However, irrespective of the fact this is a good news, but I will hardly predict the price Bitcoin will reach because over the years we have witnessed many predictions which didn't worked out, even this year alone.
Currently, this news will drive fomo and hence more growth which is normal, but for the price, no one can correctly predict it.
In my own case, I will only hold my Bitcoin but will not flow nor agree with any price predictions.

This news caused the price of bitcoin to rise quite high today, but it is not enough to bring the price of bitcoin to $ 20,000. $ 20,000 is quite a large number and we can only see bitcoin reach such a price in 2017. I think bitcoin will take a long time before it can return to $ 20,000.

Alot of crypto investors, traders and enthusiast have been waiting these day to come and since the pandemic somehow shows the potential to Paypal no one within the crypto sphere will want to miss the opportunity. However, the price increases cause people choose to hold and accumulate more coins.

If you read the whole thing said by the Paypal CEO you will see that hes planning something big for cryptocurrency which will make crypto go mainstream.

We will reach 20 thousand I'm just not sure if we can do it in this wave and before the end of the year but this move was extremely bullish for bitcoin.

Like I said a few times before there's no real resistance between 14000 and 20000. If we break 14 we'll go up even faster than we went from 11 to 13.

You shouldn't be under the delusion that the economies of the leading countries will instantly begin the transition to work with crypto. Requirements from regulators are not softened, and there are no loud statements yet. But as positive news for the market, Paypal's allowing work with BTC, LTC, ETH and BCH affected, but did not quite live up to expectations.

It's a good news that PayPal and Venmo allowing their user to buy and sell some crypto. But sending crypto to other won't be available there. For this many people will not use it. Though btc and other crypto price have increased nicely after this news. But in my opinion bitcoin not going to hit that mark soon. It will take much time to gain that price level.

How surprising that Paypal got involved with BTC already, hmm? I don't still want to say that this convinced me to buy BTC through that means because I don't feel that much secured anymore in Paypal because of how some accounts get frozen but not abandoned.
I don't think that this recent news truly affected BTC price though.

ETH price development depends on smooth transition to ETH 2.0. Transition from POW to POS is a thing that can go wrong on many levels, and that can reflect on price significantly.

Because of news, market flows and could be investors are following back bitcoin so money is in it. AFAIK, Venmo and PayPal are partners. Now with this setting, other big giant crypto-companies have a competition. I'm always believing that we're going back to $20k and even higher than that. The charts have been pointing that to happen and if it has happened before, it can happen still again. No answers when but it will surpass the ATH that we've reached before.

It can, but it will not. Why? Simply because there is to much uncertainty because of covid right now in the air. We are at start of second wave. After secondwave will will have 3rd wave. That is not an instrument for Bitcoin to be above $20000. We will have to wait until next year to see Bitcoin at $20000.

Actually, much more good news can lead to the price of BTC and also other altcoins increase their price significantly. Like what happened recently and also previously. If there are many more platform or sectors accept Bitcoin and other cryptos, also make the good news of it, I am sure the value of the coins will also keep increasing.
however, can it always increase significantly? I personally will not expect too high because this is a crypto world where there is always a surprise. there may be a market correction after some increases. or, it will continue increasing until hitting the ATH.
Let's wait and see the development of the market

Many seniors of mine are talking, Bitcoin will soar one day and I think next year is the time because of this news (Paypal accepts Cryptocurrency payments).
Hold for longer your Bitcoin, because a spike will occur soon.

$20k really is a big amount, I agree, but I also think that it will reach this amount anytime soon. Having these known platforms accepts crypto currency as mode of payment, even the ones who doesn't know will be curious to it and might also be investors in the future.

Let us see what will happen to bitcoin after this big promotion to it. I am happy to the development of paypal as I want to directly convert my btc to paypal in order to have dollars on it and vice versa. Now I know why bitcoin moves up strangely for the few days. It would become more bigger when the paypal officially list bitcoin to the wallet. We can now pay bills using our paypal specially if you are a cryptocurrency enthusiast. 20k dollars seem to be hard to reach but there is no impossible to the market.

Bitcoin is not affected by an industry like that, and I'm sure the price will not hit $20K only because of news like that, Do you think Paypal is more than all bitcoin market??

In the second quarter of 2020, PayPal’s net payment volume amounted to 221.7 billion U.S. dollar
[1] https://www.statista.com/statistics/277841/paypals-total-payment-volume/

And try to check bitcoin volume https://coinmarketcap.com/currencies/bitcoin/, and see how much bitcoin transaction/day and you will know the answers

It would have reached $20K without any of those but again payment giants accepting crypto trade would bring in millions of new investors to bitcoin and crypto. And with their limited support, users would be introduced with the best of crypto world and would have a favorable experience. Bitcoin would soon be on it's way for 20K.

Paypal had been against the Crypto form it's start. They always complained and criticized crypto, tried to eliminate it's trade on their platform and did everything to counter it. But now, as they see people are depositing a large sum of their bank balance directly to coinbase and kraken. They realized they are loosing the fight and surrendered to crypto. Though this would ease crypto for many, we should try to look for more independnet and decentralized way of trading and buying crypto than paypal.

like some of the movement of bitcoin price increases when it reached its peak in 2017, the movement gradually increased and I am sure that currently the price of bitcoin this year will repeat that incident and will make the price go up to be very expensive, from the good news on paypal it should be bitcoin this year could potentially go up and recover back to high prices.

The news is great for bitcoin holders. It will be a great chance for BTC to reach the 20000$ mark again. Investors are coming fast and taking it forward. If bitcoin pumps litecoin and eth will be pumped too. I see ETH over 800$ if BTC reaches 20000$. Let's see where it goes.

Bitcoin had already reached that price even without paypal around 3 years ago so what more now that the popularity of Bitcoin already spreads the world?
and also we are now in moving up as we can see in market prices.

Bitcoin pass thru 13$ the other night and expecting to break $14k the sooner.

So with this performance i believe that $20,000 is near to achieve again and may Break more than the last hype.

This expected bullrun is far much better than the last as what happens from 2013-2017 and no 2017-2020 or 2021.

IMHO, I believe that Paypal acceptance of cryptocurrency as a mode of payments will have some positive effects on the Bitcoin and Ethereum price, As we see it the Bitcoin and Ether price was dramatically increased, But regarding the $20K BTC price speculation I think it's not possible for now because the market trend is not that active to drive the Bitcoin price up to that level even in the year-end.

that's really good news, and bitcoins can go up to $ 20k on that push. That's because the use of crypto itself will expand, especially for the use of bitcoin and ethereum. it's just that, from the past, quite a lot of information like this has been circulating, and until now, PayPal still hasn't really accepted payments using cryptocurrency.
however, if this were to happen, I believe bitcoin would have a big push to hit prices above $ 15k, or even as high as $ 20k.

When a coin can pass a resistance in the diagram it means it can pass it again, easier for the second time, bitcoin has passed that in 2017 and I am pretty sure it can happen again since they are finding out fiat money isn't working like it used to be as it can be printed more, no limitations and governments could abuse that when they can print it!

surely BTC will cross $20000 and more. Paypal is in for Big. Paypal will soon allow users to buy online with BTC. Moreover Paypal is looking to acquire many crypto companies like BitGo. It looks like Paypal will bring major adoption of crypto which we were looking for long time. This bull run will be on institutions.

I hope that we will see real bull run this time

I don't think that bitcoin's price would increase up to $20,000 after PayPal accepted cryptocurrencies to buy, sell, and shop with its network; even bitcoin has already reached its $13,000 price thanks to Paypal. It is still impossible for many people to be convinced to buy or invest their money in bitcoin because people have some issues with PayPal when it comes to making transactions, and they don't let us keep our private keys.

although we haven't seen its use yet but this news can make the market move. I think the crypto community reacted positively to this notification. but there's still a long way to go for up to 20k. these will be important times for the crypto market, especially bitcoin. so don't take your eyes off the market.

It does look like Bitcoin can actually achieve it's ATH back but I'd say PayPal haven't start accepting crypto yet, it's just a news or should I say words? Let's wait and see what comes next, if PayPal ends up accepting crypto then we are in for real bull season

PayPal's involvement in crypto has leaved a positive impact on the price of Bitcoin and the probability seems higher for BTC to touch the $20k mark, as we know the volatile nature of market is absolutely unpredictable so it may take time, this is not gonna happen immediately.

This news, of course, had a very positive effect on both Bitcoin and the entire cryptocurrency market in general, and if everything goes well as it is now, then perhaps Bitcoin by the end of this year will be able to reach 20k$, but this all of course depends from big players, maybe they still don`t want to pump bitcoin up to 20k$, so we have to wait and watch.

They only allow crypto trading on the paypal platform, but it seems impossible to withdraw to fiat money, probably because a lot of regulation is required to convert crypto to fiat. However this could be the first step for a crypto bull run in the coming year.

The news had made an instant impact on the price of bitcoin adoption of bitcoin by paypal and Venmo acceptance of it as payment will go a long way in ensuring that the price wouldn't fall below $12K we have more users now imagine half million users of paypal adopting bitcoin that a lone speaks volume of the future prospect of bitcoin, this is like an eye opener to other big organizations or businesses to look towards bitcoin as another source of payment gateway and all these news is bringing in credibility and trust to bitcoin.

That's good news for bitcoin and its fans, however I don't think that news is enough to get bitcoin to $ 20,000.
$ 20,000 is a huge price and bitcoin is difficult to obtain in the short term. Governments don't have a lot of sympathy for bitcoin and cryptocurrencies right now, so they put in place a lot of regulations against bitcoin, which prevent bitcoin from reaching the $ 20,000 price tag.

Sounds good, maybe several investors fells great about this and starts again to full their bags with bitcoin and ethereum coin. A positive vibes for some who wants to invest more with these top coins. I hope this could be possibly done in the near future by the influenced of PayPal.

I also believe that it could reach it even before Paypal accept BTC but I don't know how long it would take for it to reach it.
It already already happen once so why wouldn't it happen again?
This is the reason why I never quit on crypto why I never give up on it and it has shown us that it could rise up again we just need to endure it.

Of course it takes time to reach milestones.  after Paypal received payments and services on their site with Cryptocurrency in just two days the price of BTC passed 13000 dollars.  We saw at the beginning of the year after Paypal users were officially able to withdraw and buy BTC on Paypal, I think the price of BTC will go through 30000 dollars.  We hope other companies can follow the steps taken by Paypal.

Yes, there has a huge chance of it and already we have seen something are changing. So it is not so hard to guess what is next. Because investors are coming which is a green signal for those who already hold BTC. I am optimistic if it works continuously then BTC can be reached at $20k or more. When BTC will be $20k then we can expect Eth at $800-$1200 range. Waiting to see the next blast from BTC.

I think this increase is just the beginning, mass adoption has already occurred, and it is likely that big companies will arrive on blockchain, and of course institutions,
we have entered the bullish season, because 3 years of being bearish is a long time, remember circles!, there are times to be bearish and there are times to be bullish.
$ 20000? I am sure it will be achieved.

Paypal has a big impact on btc, but it might be as high as 20k.

if some big company enters crypto then of course these beginnings will be even better. This trend will continue and breaking all the predictions we make is no big deal when market support becomes very strong.

not only a possibility but a certain belief that the price of bitcoin, ethereum and several other cryptocurrencies will increase in price because there is good news circulating and it will be easier to buy cryptocurrency, so buy cryptocurrency before it's too late.

This news should not give any growth at all. Here is a clipping from their FAQ:
"Can I transfer cryptocurrency to PayPal and back?
Currently, you can only store the cryptocurrency that you buy from PayPal in Your account. In addition, the cryptocurrency in your account cannot be transferred to other accounts in PayPal or outside of It.

Can I use my cryptocurrency balance as a source of funds for my purchases?
No, not now.

Will I get a private key from the cryptocurrency I buy on PayPal?
You own a cryptocurrency that you buy on PayPal, but you will not be provided with a private key. In case you're wondering, a private key is a person's secret code for accessing and managing their cryptocurrency. If they are lost, stolen, or even forgotten, they will never be able to get their cryptocurrency back, which is quite risky in itself. If you can log in to your PayPal account, you will have access to the rest of the cryptocurrency that you have. "

in fact, PayPal released wrappers tied to the crypt rate to cut hamster

If PayPal did allow bitcoin withdrawals and every user wanted to do so, it would take more than 1 year of equivalent free space in the Bitcoin blockchain to process these transactions.

http://i.piccy.info/i9/e2f81da8faf483320ee2409989ce4236/1603556499/87629/1402142/12345.jpg

I believe it is just a matter of time before BTC hit the ATH again, the paypal news might accelerate it.  I personally I am not buzz on the paypal news because of the past history of paypal and if they decided to lock people's BTC what are you going to do. In the next 3 months we are seeing BTC at $20k just be prepared for the coming mini rally to ATH

After the Paypal news, the market has been priced with the latest updates in short term charts. For the long term price action, catching the 16000 will boos the BTC up to $20000. Unless something bad happens, there is a good reason to believe the BTC will hit $20000. Now the price is dancing around $13000 and it breaks the stops of both sides: buyers and sellers. The demand will grow if the other companies wanna join the PayPal network or go to use the advantages of the Blockchain network for their business model.

Well, mate that's how the crypto market works, good news makes people fomo and buy more while bad news makes makes people to panick and sell, for traders they know goodnews will definitely make the price to pump so they will buy more and vice versa when it's a bad news, but for others it's fomo.
I feel like it stands a greater chance to beat it ATH this time around with more adoption taking place,it seems like the $20,000 might be achievable by early next year, bitcoin is becoming stronger as the days go by, the other day I saw some people celebrating about 80days+ without dropping below $10,000 mark price the last time these happened its so 2017 and it was about 62days above $10,000.

This is just a micro event my dear friend just keep hodling your top coins as big bullish wave is about to start which will take prices much higher and new high prices will be here but you have to be patient and hold for around a year atleast, it can tale more or less time but it is coming amd i am really excited about the bulls that will dominate the market soon.

Yes all are possible and we know that bitcoin had gone ATH to almost 20k and this time it may be possible to get another bull run or a breaking record for bitcoin market.

This is all the people holding btc wanting for and we have a chance already that it can go happen by introducing bitcoin to its consumers like paypal doing it.

Hopefully, if there are other platform that will follow paypal then we can expect a sure bull run like if Amazon? Bull run is on the way!

We heard that good news and we finally reach the level of $13k which I hope that bitcoin will sustain its momentum until the end of the year so we finally see $20k mark again. Maybe, after the US election or the revelation of winners next year, cryptomarket will soar higher as many expects this one to happen. More good news to come and hold more to enjoy the future pump with Bitcoin, its about to recover big time.

PayPal is most large project currency in the world and have been legal around country to the world absolutely have million member right now, when PayPal accepted for buying cryptocurrency using their fund will give easy access to PayPal member to invest in bitcoin and altcoin. Now have many countries not allowed for investing in bitcoin or altcoin exactly in United State, after PayPal allowed for buying bitcoin and altcoin using PayPal balance will have many investor from United State to buy bitcoin with PayPal way. I think most easy for bitcoin reach higher price above $20000 and right now have touch more than$13000, just waiting while to see bitcoin really break to higher price and give more good news to the world how bitcoin become friendly currency payment.

All this covid news around the world may make the situation worse, unfortunately. However, we still have a chance for a 15k+ price

There's a possibility that it will go to $14000 because people are starting to buy, we will know within a week because people are still waiting for their money to arrive coming from their trading from salary and profit from other ventures, I am very bullish on the $18000 level because the momentum is high, so who's with me that it will hit $18000.

I think is good news for Paypal and Venmo accepting crypto currency as an option payment which we can see it’s helping with Increase in price and would probably hit $14,000 but i dont think this news would make bitcoin reach $20,000 because you know it has already hit that before and would sure do again not just now with the whole US election coming up

Definitely possible but I don't think that $20k mark is gonna happen soon. I mean yeah the whole crypto right now is recognized by paypal but it's a private company. wait until some government realize the benefit of crypto if implemented within the government which ofcourse undergo some modification then our crypto might be considered more worth. but crypto is already considered as an instrument of investment by many so there's always big possibility.

Speculators are joining the fleeting trend after the Paypal news and made the value comes to $12k+ in about what 4 days? That is extremely intriguing and everybody is exceptionally glad to see that cost in bitcoin in light of the fact that numerous altcoins additionally followed the cost uncommonly the main 15 coins. The market will be exchange and purchasing coins promptly accessible to more individuals, 20K is closer.

For sure, btc is going to reach over 20k usd in midterm. It is something expected. And it is also good news that paypal is accepting bitcoin as a payment method. So bitcoin is going to be more popular now.

It will be a great opportunity if it succeeds.However, it is expected that if this is the case, BTC will be pumped.I think it will bring us a lot of benefits.However, I think it is a matter of time when going to BTC $2000.

I think bitcoin can reach $20k in this year (around december) just like back then in 2017. and there will be more to come, and like you said, i think this is different from 2018 when the trend is down, but the 2021 will be up

With how the market moves after this good news, for sure it will bring more investment to this industry.
more on positive side of this PayPal journey.
The more news about this acceptance the more people be aware about bitcoin, it will create domino effects
for sure, expect more from investors to hype up,.
Bitcoin is closer to a much better value before this year end, closer to the last ATH as it is.

Technically and fundamemtally bitcoin seems ready to break the 20k mark and as it is the previous high mark i think once btc breaks this price level it will be the start of new bull cycle, i am hopeful that next bull phase will be bigger than ever as it is coming with additional positivity of adoption and compliance.

Even if there was no news from PayPal right now, bitcoin will still reach the price of 20 thousand dollars. In the case of PayPal, I think it's too bad that customers can't choose their own cryptocurrency seller and can only buy it from PayPal.

The price of BTC this year is increasing slowly. This is an interesting thing. It is possible that after PayPal accepts the payment system with BTC, the price of BTC will increase, but it will not reach $ 20k. If the price of BTC rises sharply, I'm afraid that something bad will happen, which means a dump will occur.

Yes for last few months the market conditions was really good. The whole market is growing bit by bit
 After bitmex and okex news we saw some drop but many good needed covered that gap. At this moment defi are in the hype and for that hype the investment are in stronger side. Then some big tech giants started to invest in btc and some big crypto currencies. So for these tech giants like square backed by Twitter or PayPal started to promote crypto currency and many new people come to the market. And market going strong. And bitcoin is showing some great move.

Even if it does not happen, Bitcoin has all chances to reach 20 thousand again. I think that this time, BTC can even beat its own record and touch 21-22 thousand point. Meanwhile, a part of Bitcoins I have is regularly used for trading. Naturally, the largest part is for hodling.

But, the price is moving nice and steady now so I believe this is because of a lot of factors and even the virus is slowing down now if the news is to be trusted so I guess the economy has started to recover for every country and investments in bitcoins are now coming in.

The paypal news has certainly helped but I am sure if not even the Paypal news we would still see a rise as we always see at the end of year and yeah the price has started to increase sooner because usually the pump starts to happen around December mid or early December. I am hopeful the next year we can see at least 16k if not the ATH and hence 20k but that said I am not going to get too hopeful because the hike in prices are usually followed by small drops as traders call them correction.

The virus isn't slowing down, everyday more new cases are getting reported than the previous day. The governments have begun to go normal without any form of restrictions as they weren't able to manage the economy. As a part governments have begun the plans of revealing data regarding corona cases with manipulation. This is why it looks like corona got slowed down.

Even at this worse situation we've been travelling good. This is the goodness of bitcoin, and the same can't be attributed with the PayPal and Venmo accepting bitcoin. Even in the past whenever there happens growth it automatically gets related with the news that rolls connecting a firm and bitcoin. From my view what we see is slow and steady growth. It could've been the impact of paypal if the price was found declining during the previous months of corona and started to grow on PayPal's decision.

What type of world did we became that bitcoin was a currency that was considered a payment option and not it is a currency that payment options use as an investment.

We are finally reaching to a point where satoshi was talking about why bitcoin is important, instead of thinking bitcoin like a thing that you use for sending money, we are finally seeing it as literally money itself. Don't get me wrong that method wasn't wrong neither, I have send and received tons of bitcoin in my time calculating everything in dollar before I do it, but that doesn't change the fact that bitcoin is money itself as well, you can say "10 dollars worth of bitcoin" but you could always say "selling it for 0.0004 bitcoin" as well and this is what paypal will be helping us with as well.

That is indeed something to be expected. The market price will not continuously increase, and dumps are more likely to occur in its market value after a huge price increase, which is sometes referred to as corrections. Things are not yet assured if I would be asked, and that is an enough reason to not be hasty with your actions regarding your investment. Many networks are now eyeing for this technology's adoption but being a third party network will not fully affect the market since transactions will be always needing fiat convertions. So maybe, further observations are advised.

People shouldnt really be caught up too much with the hype even though the entire market is on the positive side of things in talks to fundamentals but doesnt mean that we would really be shooting up that really fast.
Yeah we did really have some price increase but look at on where the price had stopped? Paypal had already integrated Bitcoin but it isnt really enough to boost it up upto higher levels but this is much better rather than having nothing at all and if Venmo will accept then we cant tell if it can give out some significant impact or not but if several companies will do the same thing then we can expect for some in the positive side but
talking precisely on breaking that 20k ATH barrier then that would really be always a questionable thing because this would surely a very bumpy ride to start on.

The title of Bitcoin's whitepaper says it all, Satoshi didn't directly said Bitcoin being a replacement for other fiat currencies but rather a payment solution where there is no middleman involve for their transactions. Aside from that where Bitcoin being viewed more as a investment rather than a currency is because it is in its nature to be one, since it is volatile and there is a big change in demand you can expect the volatility to be taken advantage by a lot of traders and investors which I don't think is a bad idea. People aside from using Bitcoin as a payment has seen it as some kind of hedge for their devaluing currencies or even as a safe haven when it comes to situations similar to this.

in theory, it should be (Bitcoin up to $ 20k due to the effect of this positive news), Bitcoin is a decentralized coin (price changes occur due to the volume of demand that occurs in the market) if the Bitcoin price hasn't reached $ 20k it means the demand level hasn't "exploded".  I think we better not force Bitcoin to be at the price $ 20k, let the price move to $ 20k naturally. I think till the end of the year Bitcoin won't reach $ 20k, most likely next year (Bitcoin up to $ 20k and maybe more)..

the year is about the end but the price of btc are stuck at 14k usd range and the rest are dumping . it could be that theres no 20k usd that will happen this year but did they say a specific date to be able to reach that 20k usd ? no but it can be over a year or more than that to be able to achieve that high point .

stable world can be impossible because there will always be crisis and other problems that will be experience although the value of the local currency are more stable than crypto but i think that wont help

$20,000 had been already passed years ago so if you are speculating for another hype this  must be 21,000 and up lol.
But in regards to PayPal adoption?Look at the market now,do you think that is enough to expect this Hype?
or maybe the situation is just starting the process since Cypto is New to PayPal and their users might searching and starting to learn about these market.
Maybe in months or year from this point we will see the effect and might bring us Great Pump that we have been waiting for almost 3 years now.

What i believe and saw is Bitcoin reached $20,000 even without PayPal on our side before so i believe that now Adoption from this Number 1 Payment method In america and some part of the world,Maybe we will be looking for much higher value of not only Bitcoin but all of the currencies that has been attached to this Merging .

Not necessarily,,, PayPal is only rolling it out in stages, and everyone has been capped at the moment. I think a lot of PayPal users who would like to have BTC already have it, this is just mainly targeting those who didn't feel bothered enough to go out of PayPal to get their own BTC. Still, long-term adoption effects can be expected.

Maybe need sometimes to adjust the current situations. I think more about how paypal can affect other things, so paypal's influence will probably be visible when some big institutions follow it. that will make bitcoin really experience a good pump and not just because of the trend or hype

Without paypal, the bitcoin price will definitely exceed $20k, if it is related to paypal it can make bitcoin prices soar high, then at least there is no stagnant movement like now. This development is related to the acceptance of bitcoin on paypal that does have a positive impact but still, this is not a guarantee for bitcoin prices to reach 20k in a short time. So that when the bitcoin price reaches that value, it will definitely happen because the season will come and not about paypal.

Payment processors using bitcoin as a gateaway is not something we would have expected during this incredibly high transaction fee period but it could be exactly what we want as well.

Right now, bitcoin and ethereum has huge transaction fees and that causes people to actually end up not having anything they would expect from transfers of money and there are so many people who got involved with crypto thinking it could be their way out but they didn't get involved with money, they wanted to earn and not invest, so when you start with high amount of transaction fee they are required to spend a bit which causes them to stop. With paypal and venmo and other things, they could earn without any fee and get paid which will increase the adoption of bitcoin a lot.

This is a very good time for this crypto space. This year we saw some good move from most of the token. And after paypal and twitter sponsered sqaure enter the market we saw some good move. And it's really needed that tech gaints with big reach enter this market and that's how we can reach to the mass. Plus us election also give some boost to bitcoin. Let's see in long term what the market goes. But in short or mid term range market perfrom well. That's it.

Adoption is a big thing so believe it or not, Paypal helps Bitcoin to rise again and many investors are getting in because of this great news, this will always bring positive in cryptomarket and hopefully to reach that level soon. More good news and the bull market will confirm, we are waiting for this kind of adoption so let’s just support this one and admit that we need those businesses to get in.

https://www.coindesk.com/paypal-removes-waitlist-for-new-crypto-service

Bitcoin and its deformed children is now available to all US Paypal accounts and the buying limit has been raised to $20,000 a week. Let's hope there's some real ones backing it.

Paxos is very by the books, and I kind of doubt Paypal got a Bitlicense just to go rogue.

I don't have high hopes for any sort of blockchain transparency, but I'm hoping they'll at least publish their specific crypto holdings in their periodic financial statements. If they want to be opaque about it, they could probably just lump everything together in fiat terms under "intangible assets" and leave everyone guessing.

I'm sure it'll be fine. However the sad thing is that perhaps 0.00001% of Paypal's customers will actually ask to see if there's any way of verifying their holdings. The rest will mindlessly pile in.

If a market recovers from $3k and quadrupled in a few months i consider it as a huge rally, no other financial asset in the world will give you that much profit in a short period of time considering when the rally started. Even if you entered the bitcoin market at a later part of the rally in 2018 and was holding it for a longer time, it is better to hold for a year further if he had the patience to hold this long it is better to wait for another year and even if you want to book your profit it is possible because the time that took to rally to its all time high valuation was a short window and i really do not think that many invested at its absolute peak.

That's why bitcoin is the best assets right now, because it has the ability to bounce back when people think that it will go down in this pandemic, and in less than a year, we stood at $16k, 5x of the last lowest low we have this because of the effect of covid-19. And we still have a full month of December, no wonder many are getting excited to the idea that we can reach $20k at the end of the year.

This time btc did a really good run. Fir last few months btc is trying to go up. And these institutional news give btc a boost. Accepting by square paypal is really a great thing. Btc and other currencies are now going to available for the mass. And btc with the whole marketcap started to push. And eventually it gives great profit to those who hold. But the most powerful push comes from us election results. I am not sure about it. But this two.incident are maybe connected at some silk.

There's no such thing about these fundamentals to be the main reason on why we did really have some rise but to presume that this do connect out Bitcoin specially with Paypal news
then we can presume that it did really give out some significant impact or some push towards the price since this is an adoption kind of event but for that
election thing then i dont see any connections with it towards the crypto market.We almost hit up the ATH but it had been rejected but well it doesnt
matter because corrections like these are common and natural.The best thing to do is to buy up cheap coins and then make out some profit
on when the market tends to recover again.

Making the thread title statement true, there is good progress in the price of bitcoin and rest of the altcoins. The large companies participation had helped the entire cryptocurrency market have a boost up. Maybe if there is no large scale participation from the companies, the same growth could've taken place. I mention this based on the growth it had experienced during the first wave of covid-19 spread.

We're still $1.5K away from $20,000. But looking at the current trends, that could be achieved within the next few weeks, or even few days. The way Bitcoin behaved during the correction phase was impressive. It was such a large correction, and yet within less than a week the prices recovered. This shows that bulls are in complete control at the moment. Expect a sharp rally, once $20K is breached.