Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[fillippone]

Just remember that Bitcoin is already the best money for a few hundreds millions of people on planet Earth:

Countries where #Bitcoin


 has hit a new ATH in their local currency:

Brazil - pop. 209million
Turkey - pop. 82m
Argentina - pop. 44.5m
Sudan - pop. 41m
Angola - pop. 30m
Venezuala - pop. 29m
Zambia - pop. 17m

Soon:

Russia
Colombia

... then all other fiat currencies

https://twitter.com/alistairmilne/status/1319170878765211648?s=20

We see it everyday: BTCUSD going up is actually fiat money going down.

[rolling]

Does paypal really buying bitcoin, if a paypal user buying (paypal) bitcoin or is the paypal-bitcoin just on the paper?

(Or is it just another shittoken? The ppB? )

Most likely they are buying real bitcoin. They are teaming up with Paxos Trust Company to hold the assets.

Do you have that in writing? FAQ or so?

Want to know this too.... Its pretty important!

https://www.paypal.com/us/smarthelp/article/cryptocurrency-on-paypal-faq-faq4398

Yes they are buying real BTC and they are using Paxos to do so. They are making money on the spread. I doubt they are taking possession of the coins. They are just facilitating the buying and selling and making 0.5% on each buy or sell. Paxos is holding the coins and is regulated so they are not going to do fractional reserve.

All this talk about fractional reserve is just FUD.

[VB1001]

Gemini exec to join Bitstamp crypto exchange as new CEO

Bitstamp is replacing its CEO for the first time since the company’s establishment.

https://cointelegraph.com/news/gemini-exec-to-join-bitstamp-crypto-exchange-as-new-ceo

https://twitter.com/Bitstamp/status/1319264454715056129

[bct_ail]

Does paypal really buying bitcoin, if a paypal user buying (paypal) bitcoin or is the paypal-bitcoin just on the paper?

(Or is it just another shittoken? The ppB? )

Most likely they are buying real bitcoin. They are teaming up with Paxos Trust Company to hold the assets.

Do you have that in writing? FAQ or so?

Want to know this too.... Its pretty important!

https://www.paypal.com/us/smarthelp/article/cryptocurrency-on-paypal-faq-faq4398

Yes they are buying real BTC and they are using Paxos to do so. They are making money on the spread. I doubt they are taking possession of the coins. They are just facilitating the buying and selling and making 0.5% on each buy or sell. Paxos is holding the coins and is regulated so they are not going to do fractional reserve.

All this talk about fractional reserve is just FUD.

Do you mean this?

However, PayPal will charge a spread (or margin) between the market price we receive from our trading service provider (Paxos) and the exchange rate between US dollars and the Crypto asset displayed to the user. You'll see the final exchange rate before confirming any purchase or sale of Crypto.

https://www.paypal.com/us/smarthelp/article/cryptocurrency-on-paypal-faq-faq4398

That doesn't sound like paypal (Paxos) really buying bitcoin 

[rolling]

However, PayPal will charge a spread (or margin) between the market price we receive from our trading service provider (Paxos) and the exchange rate between US dollars and the Crypto asset displayed to the user. You'll see the final exchange rate before confirming any purchase or sale of Crypto.

https://www.paypal.com/us/smarthelp/article/cryptocurrency-on-paypal-faq-faq4398

That doesn't sound like paypal (Paxos) really buying bitcoin 

It does to me. These are not scam companies. Take off the tinfoil hat. There is plenty of money for them to make on a 0.5% spread. There is no reason to take any additional risk by lying and then scrambling to pay people when BTC goes 10x.

This is just common sense. If they were a Chinese exchange, you might have a point, but we are talking about two US regulated companies with a partnership.

[rolling]

Miss out on those massive gains in Big Tech? Here’s your chance to catch up, says billionaire Paul Tudor Jones

https://www.marketwatch.com/story/miss-the-boat-on-big-tech-this-hedge-fund-billionaire-has-the-answer-11603377643

[Biodom]

Does paypal really buying bitcoin, if a paypal user buying (paypal) bitcoin or is the paypal-bitcoin just on the paper?

(Or is it just another shittoken? The ppB? )

Most likely they are buying real bitcoin. They are teaming up with Paxos Trust Company to hold the assets.

Do you have that in writing? FAQ or so?

Want to know this too.... Its pretty important!

https://www.paypal.com/us/smarthelp/article/cryptocurrency-on-paypal-faq-faq4398

Yes they are buying real BTC and they are using Paxos to do so. They are making money on the spread. I doubt they are taking possession of the coins. They are just facilitating the buying and selling and making 0.5% on each buy or sell. Paxos is holding the coins and is regulated so they are not going to do fractional reserve.

All this talk about fractional reserve is just FUD.

it is actually even worse than I first thought: Paypal will have a database entry of Paxos database entry.
Nobody holds any bitcoin. Paxos could always say that they have futures contracts representing such bitcoin.
In this situation you could have fractional reserve OF the fractional reserve. A double whammy.
Partake if you wish, but don't count on this to increase the price of bitcoin.

[JimboToronto]

Good morning Bitcoinland.

Still hanging on to most of yesterday's excellent gains... currently $12924USD/$17006CAD (Bitcoinaverage).

How long will the battle for $13k last?

Go Bitcoin go.

I say we leave the grannies out of this and just buy them a nice present when it's all over.  You cant go wrong with a cardigan for the elderly - anywhere in the world and any time of year. 

WTF are you talking about?

You don't give cardigans to grannies. They give them to you.  

[xplode9]

Does anyone know if PP will let merchants accept BTC?

This could be a game changer, we could be pricing goods and services in BTC.
It's easily implemented as PP already accepts foreign currencies (EUR/USD/GBP etc) and BTC would be just another currency.

[BlackHatCoiner]

I can't access my paypal at the moment so I would like to make a few questions about the bitcoin's adoption.

Do they allow you to send your bitcoins to any address you want? Or they simply keep your bitcoins but they say you own them?
Also, is there any new tax about cryptocurrencies?

Any small fee? There must be something.

Last one, from what exchange do they calculate the price? Do they write such thing?

[rolling]

Does anyone know if PP will let merchants accept BTC?

This could be a game changer, we could be pricing goods and services in BTC.
It's easily implemented as PP already accepts foreign currencies (EUR/USD/GBP etc) and BTC would be just another currency.

No, they won't.

I can't access my paypal at the moment so I would like to make a few questions about the bitcoin's adoption.

Do they allow you to send your bitcoins to any address you want? Or they simply keep your bitcoins but they say you own them?
Also, is there any new tax about cryptocurrencies?

Any small fee? There must be something.

Last one, from what exchange do they calculate the price? Do they write such thing?

Read the last couple of pages of the thread.

[sirazimuth]

All this talk about grannies .....

To all those bitcoiners who will see grannie at the Thanksgiving table (or maybe cousin Mel or
even drunk Uncle Norm)
DO be subtle. No checking the ticker on your fondle slab every 30 seconds. 5 minutes is acceptable
seeing how everyone else will be swiping, texting and/or twitting so no one will notice anyway.
DON’T be bitcoin blabbing. No one is interested in that crazy shit especially if it doesn’t involve
Instagrams or a cat face.
IF anyone does actually ask you about it out of the blue,(apparently Cousin Mel may have heard that you
invested in that “crazy internet ponzi thingie”) keep answer short and sweet then
deflect....for example... “ oh yeah, I bought some a few years ago just for a laugh, don’t pay
much attention to it these days tbh....say, how’s Martha and the kids? Does Wanda still see
that crazy boyfriend of hers? ha ha ha! ......”

You know... that sort of thing....

[eddie13]

My Granny asks me sometimes how my weird stocks are doing..
She is interested but I tell het that it could all crash to nothing or go to the moon basically..

I do give her a bit of investment advice, in that she should get her money out of fiat and put most of it into gold atleast, and tell her that I'd put like 2% into BTC if I was her just for the gamble, but I never really try to get her to do anything..

She still like, writes personal checks for all her bills, and balances her checkbook against her statements..
I ask her "What are you doing? Checking the banks math?".. Granny, "Yes"..

I keep trying to get her to just put the bills to her CC and then pay that once a month, or get auto withdrawal set up, but nope, I guess she loves writing all those checks, actually mailing them, and balancing her checkbook still..


I get other people and family asking me about BTC often but I don't really have the breath to explain it all to them every time..
I just basically tell them that yeah it's crazy but I believe..


Granny also has a hard time believing that my little brass coin with a sticker on it is worth more than her sealed graded gold coins, but whatever..
Especially when I tell her what I paid for it and what it is now worth in the relatively short amount of time I have had it, just a few years..

[Cryptotourist]

To all those bitcoiners who will see grannie at the Thanksgiving table (or maybe cousin Mel or
Even drunk Uncle Norm)
DO be subtle.

Or just admit the whole truth and nothing but the truth, by the "have fun staying poor, with your crazy paper money ponzi" angle.
THEN refuse all other related interaction, and move on to "how Wanda has grown and looking ever so hot".

Subtle it is, gotta respect the fam.

[600watt]

All this talk about grannies is making me sad on at least two levels.  Both of my grannies passed away well before the idea of Bitcoin was conceived (there are two levels in there).  Even if they were still alive, I would never have subjected them to the Bitcoin hell that is hodler; it was stressful enough for them to adapt to the remote control TV and cable box and I never could get them to ditch the cheque book for a debit card. 
 I say we leave the grannies out of this and just buy them a nice present when it's all over.  You cant go wrong with a cardigan for the elderly - anywhere in the world and any time of year. 

my 94 year old grandma called me up in February or March 2017 and told me she would like to invest a few k € into btc. since the KYC/AML bullshit seemed to complicated I asked her if she would buy from my stash and she agreed. I kept the btc in my custody until I found a wallet she could use (trezor screen and buttons are way too small for someone in her 90ies). When price had tripled later in 2017 she called me up and told me she decided to sell the btc. so I handed out 3x the money she had given to me. I feel robbed  

[hisslyness]

All this talk about grannies is making me sad on at least two levels.  Both of my grannies passed away well before the idea of Bitcoin was conceived (there are two levels in there).  Even if they were still alive, I would never have subjected them to the Bitcoin hell that is hodler; it was stressful enough for them to adapt to the remote control TV and cable box and I never could get them to ditch the cheque book for a debit card. 
 I say we leave the grannies out of this and just buy them a nice present when it's all over.  You cant go wrong with a cardigan for the elderly - anywhere in the world and any time of year. 

my 94 year old grandma called me up in February or March 2017 and told me she would like to invest a few k € into btc. since the KYC/AML bullshit seemed to complicated I asked her if she would buy from my stash and she agreed. I kept the btc in my custody until I found a wallet she could use (trezor screen and buttons are way too small for someone in her 90ies). When price had tripled later in 2017 she called me up and told me she decided to sell the btc. so I handed out 3x the money she had given to me. I feel robbed  

Sounds like PayPal copied your business model!...

[VB1001]

What's Coming To The Bitcoin Core Wallet in 0.21

https://achow101.com/2020/10/0.21-wallets

[vapourminer]

She still like, writes personal checks for all her bills, and balances her checkbook against her statements..
I ask her "What are you doing? Checking the banks math?".. Granny, "Yes"..

I keep trying to get her to just put the bills to her CC and then pay that once a month, or get auto withdrawal set up, but nope, I guess she loves writing all those checks, actually mailing them, and balancing her checkbook still..

i still run my stuff through a printing calculator. old habits and such. nothing like a real paper trail.

for those ancient peeps with their intel 486s cruising through ebay all day.. all have paypal and now bitcoin is just another buy. just click.

go grandma.

[LFC_Bitcoin]

What's Coming To The Bitcoin Core Wallet in 0.21

https://achow101.com/2020/10/0.21-wallets

Not keen on the bit titled Compatibility down the bottom -

Unfortunately, to make progress, sometimes compatibility needs to be broken. Sometimes the past needs to be left behind. As the Bitcoin Core wallet moves to making Descriptor Wallets the default, and later, only, wallet type, a future release of Bitcoin Core will no longer be able to open Legacy Wallets.

https://achow101.com/2020/10/0.21-wallets

(It does go on to say it will be 2023 when the final change is made)

[vapourminer]

What's Coming To The Bitcoin Core Wallet in 0.21

https://achow101.com/2020/10/0.21-wallets

Not keen on the bit titled Compatibility down the bottom -

Unfortunately, to make progress, sometimes compatibility needs to be broken. Sometimes the past needs to be left behind. As the Bitcoin Core wallet moves to making Descriptor Wallets the default, and later, only, wallet type, a future release of Bitcoin Core will no longer be able to open Legacy Wallets.

https://achow101.com/2020/10/0.21-wallets

(It does go on to say it will be 2023 when the final change is made)

errrr


nope nope nope nope nope