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Question: Nov. 18 closing price:
<$35,000 - 4 (9.1%)
$35,000-$35,500 - 1 (2.3%)
$35,500-$36,000 - 4 (9.1%)
$36,000-$36,500 - 4 (9.1%)
$36,500-$37,000 - 4 (9.1%)
$37,000-$37,500 - 3 (6.8%)
$37,500-$38,000 - 4 (9.1%)
$38,000-$38,500 - 5 (11.4%)
$38,500-$39,000 - 2 (4.5%)
$39,000-$39,500 - 1 (2.3%)
$39,500-$40,000 - 0 (0%)
>$40,000 - 12 (27.3%)
Total Voters: 44

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26311736 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (170 posts by 1 users with 9 merit deleted.)
Last of the V8s
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October 21, 2020, 10:08:46 PM


Science.
Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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October 21, 2020, 10:16:11 PM

Ok so at $12k, i expected us to be at $20k by now

Ok so at $13k, feels like we've been at $12k for ages now, like a full day, i expected us to be at $20k by now ...
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October 21, 2020, 10:16:48 PM

over 13K on coinbase  Grin
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October 21, 2020, 10:17:07 PM
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@v8 -

math and science.
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October 21, 2020, 10:20:29 PM

I am excited about the price, not excited about paypal at all.
This can't be a whole story, maybe they wait for some ledislation.
Otherwise, why would I buy btc on paypal when I cannot buy thing with that btc and/or move it around?


The answer is HODL  Cool

it is not HODLINg if you hodl a paypal database entry and not a real thing.
At least, this is my thinking.
They will funnel your "btc" to people like blockfi and celsius, get money from it while the database entry will do nothing.
On the other hand M. Saylor's true btc buy value went from $425 mil to almost 500 mil in my calculation....

Hmm... I am sceptical too, but:

If someone buys it there will be an exchange rate, I assume?

And if that is a floating price according to market FX rates - as they already do with other currencies...  then they will then need to have a hedge against the kind of thing that happened today to the price.  

If someone buys a few bucks of it and leaves it a few months (the big incentive to get hold of it is probably the deflationary aspect) then PP have to cover the risk for when it gets used and cashed in at a possibly higher rate - and it won't be small beer if there is even a small percentage of take-up.

So logically, they will need to actually buy some 'real' Bitcoin to back it up.

Maybe I am wrong, but as strawbs mentioned earlier, there is an argument that the demand does translate into real demand for BTC.  Let's see, it may not all be bad.  And (as others have said, too) they may go further if retailers want to receive it, and punters want to buy directly with it.  They will still get their cut on the sale, so it's not impossible to envisage.

Maybe they have gamed this thoroughly and looked at what Saylor and others are doing.  Maybe they have seen the writing on the wall.  Maybe they looked hard and thought 'we have to at least get in before it's Facebook or someone else taking over the market...' Maybe they can see fiat currencies are becoming more wobbly.

Paypal probably wants to be the dominant international payments provider. It is no longer possible to desire that and not see cryptocurrency as either a threat, or an opportunity.

Maybe they aren't stupid.
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October 21, 2020, 10:25:05 PM


Science.

Borat's compromise on Rudy?
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October 21, 2020, 10:25:23 PM

Damn I don’t have my laptop by hand....

But please can The Dude
Get a hallelujah? Hal-
lelujah Stifler!


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October 21, 2020, 10:30:32 PM


Science.

TBH with PayPal supporting Bitcoin finally, I would expect a price of 100k already today lol
It goes up pretty slow for this kind of news.
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October 21, 2020, 10:31:10 PM
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Where the fcuk are all the naysayers and bears?
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October 21, 2020, 10:37:23 PM

omg 13k+

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October 21, 2020, 10:41:31 PM

I am excited about the price, not excited about paypal at all.
This can't be a whole story, maybe they wait for some legislation.
Otherwise, why would I buy btc on paypal when I cannot buy anything with that btc and/or move it around?



there is a pretty good chance, eventually, that PayPal will act like Coinbase and crypto.. under US rules that way...IMHO...we will see...but the main thing to me

is it opens up Amazon, eBay, etc to folks overseas with only BTC or LTC or whatever as an option to pay? Thus Amazon does not care about your credit

rating or bank etc ...in the 3rd world nation to get a product..using BTC/crypto .and/or the consumer from their knows they have PayPal protections with their BTC under

Paypal.

win/win...adoption should explode....with a lot of these international bottlenecks or corrupt banks or corrupt gov't sidelined...

it should be 'huge' IMHO even if "once the crytpo is in PayPal it is 'fiat' setup....just too good to be used internationally and for world wide commerce and adoption IMHO.

also the more adoption.the more my portion of 18.5 million BTC of 'virtual landscape' with use goes up in value.

I always think of BTC/crypto as 'virtual land' in that the original internet the $$$ were in the applications like facebook yahoo etc..not the internet backbone

but with BTC/crypto, IMHO, the value mostly is in the backbone or network (btc) which is reflected from the application and useage and adoption

or so I'm looking at it

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October 21, 2020, 10:46:53 PM

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October 21, 2020, 10:51:28 PM

I am excited about the price, not excited about paypal at all.
This can't be a whole story, maybe they wait for some ledislation.
Otherwise, why would I buy btc on paypal when I cannot buy thing with that btc and/or move it around?


The answer is HODL  Cool

it is not HODLINg if you hodl a paypal database entry and not a real thing.
At least, this is my thinking.
They will funnel your "btc" to people like blockfi and celsius, get money from it while the database entry will do nothing.
On the other hand M. Saylor's true btc buy value went from $425 mil to almost 500 mil in my calculation....

Yeah you know it, I know it, WO gang knows it but like somebody mentioned above granmas can now buy BTC via Paypal. They don't care about private keys they just want an easy way to buy.  Cool   
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October 21, 2020, 10:54:57 PM

Can't. Stop. Checking. Bitcoin. Price.

Reminds me of watching the walls fall all the way up to $20k a few years ago.

Wondering when we will see a pullback.  That green candle is awfully large.
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October 21, 2020, 10:57:07 PM
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My face is starting to feel like it is melting, a little bit.

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October 21, 2020, 10:59:05 PM

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October 21, 2020, 10:59:27 PM

Wondering when we will see a pullback. 
Right after we reach a new ATH  Cool
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October 21, 2020, 11:00:52 PM

My face is starting to feel like it is melting, a little bit.

14k tomorrow?  Cool
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October 21, 2020, 11:02:33 PM

My face is starting to feel like it is melting, a little bit.

14k tomorrow?  Cool

Or 15
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October 21, 2020, 11:08:23 PM

Can't. Stop. Checking. Bitcoin. Price.

Reminds me of watching the walls fall all the way up to $20k a few years ago.

Wondering when we will see a pullback.  That green candle is awfully large.

You jinxed it!
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