https://www.reuters.com/article/us-paypal-cryptocurrency/paypal-to-open-up-network-to-cryptocurrencies-idUSKBN2761L6?il=0
https://www.marketwatch.com/story/paypal-will-let-customers-buy-cryptocurrencies-and-use-them-for-online-payments-11603283352

PayPal is going to allow buying/selling and even holding crypto on their platform. They will also allow merchants to accept payments with crypto.

It is headlines on Reuters regarding PayPal allowing crypto to be bought/sold through their network.

https://www.reuters.com/article/us-paypal-cryptocurrency/paypal-to-open-up-network-to-cryptocurrencies-idUSKBN2761L6?il=0

This is just a minor rise in price due to supply and demand. There is nothing special about this.

I am very happy though that the shorts got squeezed out real good with this quick 2k rise. With them shorts out of the way, the rise will be much quicker to follow.

I don't think we are going anywhere other than then same 10k range we have been in for a while. But this particular minor rise will make other players get into the game and setup the groundwork for the 20k range given that the halving is affecting the market as well. But given the traders involved, we will not go anywhere other than hang around this 10-12k. Any growth will be over the next 4 years leading into the next halving.

No going to the moon anytime soon as far as I can tell.

We need a large mainstream investor group like Fidelity or Meryll Lynch to allow trading on their own platform. That's starting to happen and if it continues, we will see an exponential growth in Bitcoin prices.

$1 million a Bitcoin would create a market cap of 25 trillion dollars. Where will this much money come from? Well, this money does not need to come from anywhere, its just the few at the end who are willing to pay more which will automatically create this market cap.

HODLER 4Ever!

So we have Litecoin halving coming up. The media is talking about the Bitcoin halving coming up next year. That should push Bitcoin to ATH?

At the end of the day, miners need to become profitable so I think that will force the price of BTC to rise as the halvings occur. Forget 2020, I am more excited about the one in 2024 which will really reduce supply.

Any lost Bitcoins are gone forever and not replaced so that should also reduce supply over time. Scarcity will keep Bitcoin value on the rise over the long term.

How come the Bakkt website does not list their address? And the domain name bakkt.com is less than a year old:

https://www.dynu.com/NetworkTools/Whois?Host=bakkt.com

Bakkt does not even list their address on their website and the domain name itself was registered less than a year ago. Its just one of many side shows and nothing more.

https://www.dynu.com/NetworkTools/Whois?Host=bakkt.com

I am eager to see it climb over $15,000 as it picks up a whole bunch of noobs along the way. The I hope it passes the ATH once and drops back down to about $8000. Its so pleasant to see the noobs left holding the bags as they did at the end of 2017.

Anyone predicting anything is a waste of time. It could be over $20,000 by end of year or back into the low $3000 we have no idea where it will go.

The issue is that if it goes up in price, people will take profits and if it declines, people will cover positions.

I would like to see a speculation filled frenzy based climb off into the $30,000 range to set an all time high. I like it when BTC sets new highs.

BTW there is the reward halving coming up in 2020 so that may already start to get factored in over the next two years from now. Miners will not be able to sell their BTC at current prices in about a year at all so the price is bound to rise.

Actually ETH, EOS etc are staying where they are. Its only BTC which is rising and taking up market share. Its up to 47% down from about 35%.

Corporate news is causing positive lift for BTC.

This is not just a normal spike, all of the indicators are positive including Divergence, MACD over EXP, CCI etc. The volume is just normal though. The indicators alone may drive the spike a bit more but I don't think it will last and it will stay below 10k. There have been quite a bit of positve news and Bitcoin has captured quite a bit of market cap recently to stand over 46% right now.

If this trend holds, we may see a nice spike towards the end of this year.

No one can predict which way the price of Bitcoin will go in the next month but in the long term it will go up. As we head closer to the 2020 halving, the price will rise to adjust for that halving. Miners are not mining for free.

Though some indicators are in the positive, some indicators like MACD and EXP are still negative so be careful out there.

For those that are looking to make a quick buck, sell out now and take your profits because there is no guarantee, it will not go back down to 7k or less.

And you don't want to give examples of these less and less shops offering Bitcoin?

Crypto advertising getting banned on Google and social media is not something to be taken lightly. Just imagine how would any company advertise if they loose these channels. That is severely affecting the price of crypto in general.

To understand the severity, can you give an example of something banned for advertisement on Google or Facebook other than crypto?

Its INTERESTING that you only find negative news INTERESTING!

I truly miss the DUCK. He/she was very sporty and provided much needed humor to this forum. :-)

He has been doing that because he is SHORT on BTC. His whole purpose is to reduce BTC price. He should be banned as such.