True. Love it or hate it, everyone must take notice. |
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This is interesting. This is likely very positive. I do not *think* they would be doing this if they were not bought into the ecosystem philosophically. In other words if Bitcoin is just a precursor to PalCoin that's one thing... and I do not doubt PalCoin is likely. I think this smells. They have known about Bitcoin and other crypto companies since 2012/2013. They could have bought any number of them then for cheap, and enabled crypto payments a long time ago. So why now? The likely culprit is that their profits are falling, and they're looking for another way to lock in users into their payment services platform. And also to scoop 0.5% on every crypto buy/sell. It is all greed driven, that is all. Absolutely nothing altruistic about it. Some people call it a business. |
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Unpopular opinion #4Remember remember, the dipth of November.  Late this year or next year ATH, dip, $50k by the end of summer, and finally $165k by DEC 2021.$100k tomorrow.Visual:  Choo Choo MF! That train is rolling! |
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1) take investors' money 2) invest in (shitcoin of choice) 3) proffit! They invented a new game   |
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The whole "not your keys not your Bitcoin" has always been a bit too absolutist for me. It implies that you will lose your Bitcoin every time if you don't have full control of your keys at all times. If you want to use a metaphorical valet temporarily you aren't failing some Bitcoin purity test. You give your keys to the valet for convenience in hopes that he will bring your car back. You run a tiny risk of not getting it back, but some people like to valet their car. This whole zero risk kinda thinking is what caused large swaths of the global population to hide under their beds like cowards for a minor flu bug. "not under your bed, not fully safe from flu/snake bites"  Life is full of risks and its up to the risk taker to decide what risks are worth it for them. No sense in shaming granny for failing some Bitcoiner purity test bc she trust her keys to paypal or an exchange. My neg opinion is not about "purity", but about functionality. If they change functionality to "almost there", then I would be largely OK with it (for grannies, lol). Right now, you can withdraw $$ from paypal to your bank account. People generally don't keep cash at paypal. You can only buy bitcoin and have it at paypal, which would simply allow paypal to earn large % on it, which they can't with $$. Honestly, without ANY transactional possibility at paypal, it is a dud, but i think that transactional possibility would be there is step 2. And yet people are going to scramble to get BTC exposure the easiest way they can find when it gets close to ATH next month, and the year following. An excellent move for paypal that will bring in nice fat fees and further increase their exposure and user base. This will be huge, and lead to phase 2, certainly. |
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Where the fcuk are all the naysayers and bears?
Hardly a troll to be seen. Did the paymaster close up shop? Proudhon has been silenced for now. Proudhon doesn't count. OG bitcoiners are entitled to their fun. |
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There's your pullback, cAPSLOCK. Or did you want MOAR?
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Interesting landmark. I don't expect it to hold, but then again this is really deflating on low volume  ... Either I am a genius, or it is too pat. Every single pause and turning point has hit the lines on my chart these last few months. I haven't changed anything, and I never used to be quite genius level, so I'm guessing its even more orchestrated than usual. The low volume is a factor that makes it easier, I suppose. If there was more generic activity it would be harder to dictate the action. Whatever, I just keep sailing the seas... |
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Where the fcuk are all the naysayers and bears?
Hardly a troll to be seen. Did the paymaster close up shop? |
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Hey all,
Long time reader, long time holder, ex long time miner ... prolly (I think?) first time poster. Usually don't login to read the WO, so the name will not be familiar to the regulars, but I've been here a while.
Holding since .... late 2012(?) maybe .... certainly around Risto times - definitely before Searing (I remember when Searing was just searing, before he was "Brad"). Also remember that dude from HI who convinced everyone he lost his BTC and then scammed some people.....
As a miner I was around for the whole BFL debacle, and got some really good mileage out of my KNC rig before that turned in to a scam.
Annnnnyway.
Canadian (so, looking at Jimbo, maybe(?) for this advice) - but .... likely looking to cash out some coin and retire soon-ish.
Problem is, I'm not that old (late 30ish) and have a pretty solid gig with good benefits and all that.
I really need some advice around the tax hit I might take, and how much I really need to not just live, but live well during the next 40, 50 (+) years.
I recognize I can run the numbers myself (and I have), but looking for confirmation that I've not been off on any assumptions. Question is, who does one ask? Is this an accountant (EY, KPMG, etc?) type question, or a wealth advisor (who best I can tell is just a dope off the street with a spreadsheet) or ... someone else?
Never been much of a money focused dude (beyond knowing that BTC was a revolutionary idea when I heard it) - so - I really don't know who to ask.
I'd rather not dump 5-600 bucks on a meeting that will be no help. I'd like to emerge with a plan with firm numbers and targets attached.
Making financial decisions these days more than 2 years out is sketchy. Beyond 5 years is ludicrous IMO. Everything is changing fast. If you can do it without too big of a dent to your stash, having cash on hand for the next 2- 5 years (plus whatever taxes you choose to pay) is prudent. Beyond that, you can reassess. |
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Ok so at $12k, i expected us to be at $20k by now
That's not until November. Wait for it... |
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Yup just lost the 0.01 battle for now - BTC popped over $12K.
Looks like this is going to be ugly Well, we just lost that unnecessary extra zero again. I would be very happy if we can hang on over that level for now... But I will grant you it could go either way. Bitcoin just took a chunk out of alts and gained in dominance, which is kind of inevitable in this bullish phase - and it's been carnage in altland, but hey, Monero often slingshots up after a BTC run steadies. Let's see if it can weather this storm. I don't like it, but my magic chart has low 0.0080's to low -90s until early December. If it goes below that, it just says 'you have no maps of this area'. Stupid magic chart anyway. |
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Yup just lost the 0.01 battle for now - BTC popped over $12K.
Looks like this is going to be ugly Didn't expect to hit your target this week? |
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Or they did.
Hopefully but if they did they should not have had a problem weathering even a few years. True, but why pour money down the well if you can go to the BTCeach instead. |
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The Room 77 in Berlin just closed it's doors. Pretty sad day for the BTC community. I have been there twice and spend my first BTC there. Lovely memories..
My guess is they didn't hold. Or they did. Faced with social and economic restrictions, they pulled the plug and went to the beach. Hope so for their sake. |
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So i sold 50% of my stock, let's see what happens until end of november  50%! Braver than I. I was waiting for the 0.0105 level, and it came. Below that, I don't see any clear stopping point until the 80's (and that I just close my eyes and pretend isn't there) There is still a lot of buying at this level, we will see where it ends. You usually have it right, so good luck to you. |
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https://twitter.com/verretor/status/1317428180748304390It's almost 2021. How the hell does Bill Drug Lord Gates still think BTC is anonymous? Meanwhile, XMR hash rate is creeping back up. Now above the point where it accelerated before the upgrade. Some folks starting their Monday, How high before I get there?
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Hash rate has returned to earth, looks like it started dropping for the weekend. Interesting to see if it is restored Monday morning.
Don't think so, price is falling = interest is falling Is Montango dead now? Is It True? |
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