Agree, trading cryptocurrencies require lots of patience to wait and precise calculation to determine whether to buy or sell, take a long or short position.
in this term mean knowledge and information are fundamental for everyone who wants to dive into the trading world.
because without it traders will fail to predict market movement, then the chance to lose in the market even higher.

I love this meme still waiting for $20K.
a lot can happen in a week, we are not yet in November but the price right now at $13,700, quite promising for a further leap over $14K and short dip to $13K.
is this occur because of PayPal? it's not just PayPal entering the crypto market, several institutional investors such as Microstrategy and others, seems like a snowball effect.
Personally, I'm not expecting bitcoin to reach $20K by the end of this year, but anything can happen in 2 months, so keep watching the movement and be ready to buy and sell at the right time.

Bitcoin doesn't necessarily need to eradicate fiat currencies, just need to last long enough until the fiat system collapse.
However, it seems won't likely happen due to the governments maintain the value of their fiat currency, unless the government fails to do its duty then the economy starts to fall apart and so does the fiat currency. Take a look at Zimbabwe or Venezuela, cryptocurrency really help citizens there as valuable currency more than fiat.

that's the problem lies, a hype which creates a big pump in a short time but then plummeted. Imagine how much money lose for people who have invested in YFI when it reached the peak over $44K and now at $14K? more than 68% loss in 2 months. High volatility creates a higher chance for investors to gain big profits or lose their capital.
There should be a standard for everyone to judge whether a coin worth investing or just a pump and dump scam.

The current price is $13,400 as we know that bitcoin price fluctuations and resistance above $12,700 more than a week now, show that it still on the good way to reach a higher mark, the support seems to be at $12,700 and the resistance at 13200, expected to hit over $14,000 in the next few days. a better choice to sell above $13,800 imo.



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What if Satoshi was dead? I hope he is just fine and enjoying his life right now.
He possesses the most bitcoin for himself, that estimated Satoshi Nakamoto has more than 1 million bitcoins, claimed as 'lost Satoshi Coins'
While we agreed that 'lost bitcoins' make the rest of the coins worth slightly more, there is still a doubt.
it is estimated that more than 4 million Bitcoins are lost forever, and there are many stories of how hackers have been trying for years to crack a bitcoin wallet that contains lost bitcoins, which cannot be accessed. Therefore, the Forum Leader (a person in charge) Theymos ever stated to do soft fork to destroy 'Satoshi lost coins' in order to prevent disastrous monetary (bitcoin) inflation.
However, Theymos stated he never said any such thing, the idea is not to destroy coins, but to prevent lost and insecure coins from being stolen. > https://bitcointalk.org/index.php?topic=1469099.msg14823504#msg14823504

Source:
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Thank you for accepting me into the campaign.
the info in the spreadsheet is correct

Whenever bitcoin prices take a leap mostly caused by the huge influx of money from corporate institutional investors or companies buy Bitcoin as part of their reserve assets.
For example, Grayscale Investments bought over 17,000 bitcoin last month, US payments company Square had purchased $50 million worth of bitcoin earlier this month and US tech firms Microstrategy increased its holding of bitcoin as much 38,250 worth over $500 million. you can check bitcointreasuries.org for more information.
That's why bitcoin price surge in a relatively short time but not the case for altcoins, people start to realize that bitcoin is too high-priced to make more profit compare with purchasing cheaper altcoins, then altcoins price slowly increasing following the steps of bitcoin.

For cryptocurrency, high volatility maybe an advantage, but not for a medium of exchange which used on a daily basis.
Don't you think we need a stable coin to replace fiat money? something that has been proven possessed stable value and unaffected by inflation for centuries is gold.
A long time ago, the main idea for printing paper money was backed by gold, but then the authority abolish that rule, and here we are with inflation.

The government held the $35 per ounce price until August 15, 1971, when President Richard Nixon announced that the United States would no longer convert dollars to gold at a fixed value, thus completely abandoning the gold standard. source

Bitcointalk Username: error08
Profile Link: https://bitcointalk.org/index.php?action=profile;u=587882
Rank : Hero member
Current Post: 1461
BTC Address: bc1qdwh955guc8afhkx7m09wjlvjdswnrahz3jsdvd

PayPal states that "Currently, you can only hold, buy or sell cryptocurrency on the platform".
it still in the early phase of development, 'Currently' doesn't mean forever, as an early stage it is okay, people aware of this.
But who knows if they will enable users to buy something from merchants using cryptocurrency someday in 2021 although it should be converted to USD value first.
Not only PayPal or Paxos that don't provide private keys to users, but exchanges also do the same, it is not the perfect place to store your coins, just for trade.

First, the service is not for everyone, it's limited to people resident in the US.
Second, bitcoiners or people who have learned about basic things of bitcoin acknowledge the risk of store their coins with a third party.
Because both Paypal and Paxos shared the same vision about profits in cryptocurrency, so here they are offering 'buy and sell cryptocurrency' option for people who want to, there is no compulsion in it. If PayPal will enable users to transact using cryptocurrency to merchants, it will be even better for the adoption due to PayPal has 346 million active users.

Seems bitcoin price persist above $12,700. Considering the price plummeted below $5,000 in March, then the bull market has started since April, reach a good mark at $12,300 in August but then corrected to $10K. The rally began earlier this month from $10,500 to $13,000 due to some factors affect the market sentiment including PayPal"s announcement. Some predicted that bitcoin may reach $14,000 as the next target, but who knows how far it will rise until the end of this year and what the next year could bring upon bitcoin market.

it was confirmed as fake, more likely to be a fraudulent attempt.
~She said that from the email address, it does not appear to be legitimate. She then checked my account and said that it is fine...
“I don’t know,” Mr. Veksler continued. “All I can tell you is that customer support said it’s fake but the email looks legit, including the digital signatures. I’ve never bought or sold crypto with my account.” Reading of the company’s policy makes no mention of prohibiting cryptocurrency trading of any kind. On the company’s community page, it appears to have labeled the issue solved, with users confirming through representatives the email is indeed a fake


PayPal offers a good opportunity for users to buy or sell cryptocurrency or transact with merchants. However, this service limited only to users who live in the U.S. and using Venmo app. Consider it like exchanges service, you can buy and sell cryptocurrency but they don't give you the private key, it will be better if PayPal enables users to send bitcoin to their personal wallet, "not at this time" doesn't mean never in the future, probably in 2021.

What did PayPal announce around Crypto?
We announced that PayPal users in the U.S. can buy, sell and hold select Cryptocurrencies directly through PayPal using their Cash or Cash Plus account. Users will be able to learn about Crypto, track crypto prices, all without leaving the PayPal app. We plan to introduce this service to Venmo in 2021.
PayPal also announced that it will enable Cryptocurrency as a funding source for purchases in 2021, allowing users to use their Cryptocurrency holdings to make purchases at its network of more than 26 million merchants. Once launched in 2021, when a consumer selects Cryptocurrency as the funding source, the Cryptocurrency will be instantly converted to fiat currency and the transaction will be settled with the PayPal merchants in fiat currency.
(Venmo, which is restricted to personal use, is often free and exists partly as a digital wallet, and partly a social media feed. Certain daily and monthly transaction size limits apply)

How about the fees? read more below
Source

There is a risk in stable coin as well. USDT meant to be pegged one for one to the USD, in real world trade market it trades plus or minus.
The develepor say that they are holding dollars in order to backed the USDT, the company suppose to buy a dollar for every coin they issued as reserve fund.
However, are they actually holding dollars in a 1:1 ratio for every USDT coin?
the plaintiffs alleged in a complaint last October that over five years Tether issued as much as $3 billion-worth of unbacked USDT tokens, which Bitfinex then used to purchase cryptocurrencies on the open market to prop prices up during market downturns. Source

Quite an instant effect on the bitcoin market after the announcement from PayPal that they will offer cryptocurrency support to customers.
Since PayPal has a big market around the world which could boost the adoption of cryptocurrencies among customers and online merchants, hence daily trader and institutional investors take advantage by pushing the price to gain profits. Now, bitcoin price corrected after reaching $13,100 back to $12,800 as expected when the RSI rise above 70% indicates overbought asset.

Agree, sig-camp increases the chances of being recognized by more people and makes a positive impression that the team wants to disseminate information about the project they are working on. However, the credibility depends on the team and the project itself, everyone has to do their own research about the aim of the project, what makes it better than other projects, how the market reacts, and how the project will evolve in the future.

It is not a charity if they brag about it ("No matter how bad you think our work is, we are pleased to know that we helped changed someone's life. Today we sended (sic) the first donations.") So funny, they knew that the donation will not reach those in need.
more likely just show off or probably test the deep of the water, whether their transaction could be tracked to the root or the authority will find out, the transaction linked to a mixing service.

Bitcoin price had a week strike of gains, so it was expected to surpass $12K. After overcoming numerous of big sell orders positioned around $12K, now it reach $12,200. However, to claim bitcoin get back to bull run, the price should remain above $12K for a few days to make sure it's not a short rally.

There is no way around it, if the government continues to lock down its territory, the economy will run slowly and more people will lose their jobs, so new normal should be applied. The pandemic will get worse, more people will be infected until a vaccine is found. meanwhile, people are responsible for following health protocols, taking care of themselves, boosting immunity to minimize the chance of being infected with the virus.