Bitcoin Forum
June 20, 2024, 03:36:35 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

Pages: « 1 ... 27220 27221 27222 27223 27224 27225 27226 27227 27228 27229 27230 27231 27232 27233 27234 27235 27236 27237 27238 27239 27240 27241 27242 27243 27244 27245 27246 27247 27248 27249 27250 27251 27252 27253 27254 27255 27256 27257 27258 27259 27260 27261 27262 27263 27264 27265 27266 27267 27268 27269 [27270] 27271 27272 27273 27274 27275 27276 27277 27278 27279 27280 27281 27282 27283 27284 27285 27286 27287 27288 27289 27290 27291 27292 27293 27294 27295 27296 27297 27298 27299 27300 27301 27302 27303 27304 27305 27306 27307 27308 27309 27310 27311 27312 27313 27314 27315 27316 27317 27318 27319 27320 ... 33464 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26403745 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. (174 posts by 3 users with 9 merit deleted.)
Hueristic
Legendary
*
Offline Offline

Activity: 3850
Merit: 5017


Doomed to see the future and unable to prevent it


View Profile
October 23, 2020, 02:46:55 PM


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.  But it seems they must recognize Bitcoin as having unique intrinsic value.  Obviously they are also thinking other "crypto" may as well.  But so be it. (I mean who am I, a Monero holder to judge? Wink )

The only way this could be bad is if they were buying the other businesses to kill them.  But that does not make any sense.  They are picking the wrong ones, and there are too many for that strategy to work.

I think whoever is making the decisions at PP has a pretty good view of what the inevitabilities are.  They are wrong about BCash, but aint nobody perfect. Wink


Quote
PayPal has been holding talks with BitGo, a company that helps investors store Bitcoin securely, and could reach a deal within weeks, the people said, asking not to be identified because the matter is private. Talks could still fall apart and PayPal could opt to buy other targets, the people added.


So they don't want people to know that they are trying to sell peoples keys?

What do they think, those clients will have an issue with PP owning them?
JimboToronto
Legendary
*
Online Online

Activity: 4046
Merit: 4603


You're never too old to think young.


View Profile
October 23, 2020, 03:06:20 PM

Good morning Bitcoinland.

The battle for $13k rages on... currently $12940USD/$16977CAD (Bitcoinaverage).

A little sideways is probably good after this week's gains.

Go Bitcoin go.


Who could forget.

Sure, I mined a few coins with my BFL before it became totally obsolete. I did earn money.

Still, if I'd bought bitcoins with the money I sent to BFL for my pre-order, I'd have a lot more now. The $650 I spent in February 2013 could have bought over 20 coins. Barely mined 5 coins before obsolescence.

An extra 15 coins always comes in handy. Phucque BFL.
cAPSLOCK
Legendary
*
Offline Offline

Activity: 3752
Merit: 5142


Whimsical Pants


View Profile
October 23, 2020, 03:16:50 PM


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.  But it seems they must recognize Bitcoin as having unique intrinsic value.  Obviously they are also thinking other "crypto" may as well.  But so be it. (I mean who am I, a Monero holder to judge? Wink )

The only way this could be bad is if they were buying the other businesses to kill them.  But that does not make any sense.  They are picking the wrong ones, and there are too many for that strategy to work.

I think whoever is making the decisions at PP has a pretty good view of what the inevitabilities are.  They are wrong about BCash, but aint nobody perfect. Wink


Quote
PayPal has been holding talks with BitGo, a company that helps investors store Bitcoin securely, and could reach a deal within weeks, the people said, asking not to be identified because the matter is private. Talks could still fall apart and PayPal could opt to buy other targets, the people added.


So they don't want people to know that they are trying to sell peoples keys?

What do they think, those clients will have an issue with PP owning them?

Hmm that seems kind of dystopic. Smiley  My first thought was they are trying to establish their own solution for custody.
Last of the V8s
Legendary
*
Offline Offline

Activity: 1652
Merit: 4392


Be a bank


View Profile
October 23, 2020, 03:29:04 PM
Last edit: October 23, 2020, 05:40:02 PM by Last of the V8s
Merited by Hueristic (1)

edit: unrelated to the ongoing convo, just a meme/art piece

@Corrosive  Lips sealed
Hueristic
Legendary
*
Offline Offline

Activity: 3850
Merit: 5017


Doomed to see the future and unable to prevent it


View Profile
October 23, 2020, 03:31:23 PM


Hmm that seems kind of dystopic. Smiley  My first thought was they are trying to establish their own solution for custody.

After watching Goldmann Ballsacks buy and rape Polo call me jaded.
That looked like a dry run to me.
AlcoHoDL
Legendary
*
Offline Offline

Activity: 2408
Merit: 4322


Addicted to HoDLing!


View Profile
October 23, 2020, 03:36:22 PM
Merited by LFC_Bitcoin (1)


"Help muh famalie" LOL! Epic!

Super-cool hat too!

@LFC: Nice collection of mindrust quotes. Never read them before. Gives a good insight into the "mindrust mindset"...
rdbase
Legendary
*
Offline Offline

Activity: 2912
Merit: 1515


Join the world-leading crypto sportsbook NOW!


View Profile WWW
October 23, 2020, 03:51:36 PM

ppBTC now being listed on dark markets  Grin Grin 0.8 to wBTC  Cry
calling new improved Mark Karpeles reboot to head up Paypal BTC division

... it's actually a good thing, bitcoin could ruin paypal and if there's one bad implementation of legacy finance on the internet it is the abomination called paypal, that musk shat out when he didn't know any better.
The way big money corporations such as paypal, whos business is moving money around,
I wouldn't doubt they'd be looking for former experience in the space and who has had the primer of it than ex-boss of Mt.Gox

Paypal are green when it comes to cryptocurrency (they still have the clause 'can not use their services to buy cryptocurrency using paypal funds from another account holder' in their terms of service; they only want you to buy from them on their platform! Roll Eyes) and them assigning Karpeles thinking it will put a feather in their cap. Cheesy

"Help muh famalie" LOL! Epic!

Super-cool hat too!
@LFC: Nice collection of mindrust quotes. Never read them before. Gives a good insight into the "mindrust mindset"...
Should I buy back? Haha! Nice! Cheesy
I can see it being a classic just like their previous one I still listen to this day.
"Bitcoin wen go to moon?" Grin
Torque
Legendary
*
Offline Offline

Activity: 3598
Merit: 5070



View Profile
October 23, 2020, 03:57:20 PM


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.
vapourminer
Legendary
*
Offline Offline

Activity: 4368
Merit: 3652


what is this "brake pedal" you speak of?


View Profile
October 23, 2020, 04:05:24 PM

Nice collection of mindrust quotes. Never read them before. Gives a good insight into the "mindrust mindset"...

hey everyone has panic sold something at some point (admit now.. well, except bob with his titanium training) but that was.. well that was some next level shit.
Torque
Legendary
*
Offline Offline

Activity: 3598
Merit: 5070



View Profile
October 23, 2020, 04:13:29 PM


Poor guy.

I still remember the "China bans bitcoin" crash of 2013 like it was yesterday. I was at the airport, watching the chart on my phone. It was all a nonstop sea of red straight down, and within an hour had falling well below my average buy in price. I felt sick, and certainly had many of these same thoughts.

But I hodled on. Refused to panic sell.
bitebits
Legendary
*
Offline Offline

Activity: 2216
Merit: 3238


Flippin' burgers since 1163.


View Profile
October 23, 2020, 04:19:22 PM
Merited by fillippone (2)

In before fillippone Wink

Quote
Grayscale Bitcoin Trust experienced inflows of $719.3 million during 3Q20. The Trust has seen its assets under management surge from $1.9 billion to $4.8 billion YTD. Read the full report here:
https://grayscale.co/insights/grayscale-q3-2020-digital-asset-investment-report/
cAPSLOCK
Legendary
*
Offline Offline

Activity: 3752
Merit: 5142


Whimsical Pants


View Profile
October 23, 2020, 04:21:14 PM
Merited by AlcoHoDL (1), rolling (1)


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.

I CERTAINLY do not think PP's motivations are altruistic in any way.

But this continues to make my point.  Bitcoin does not care if you are altruistic or you are  bastard.  And it will crush you if you stand in it's way.  Over and over that has happened.  And I expect we will watch companies that try to game it, or own it, or overcome it, or break it be destroyed by it.  Possibly PP.

But I would think they can work any greed angle that aligns with the network.  Bitcoin does not care.

Also I think altruism can cause us to stand in the way of Bitcoin as well... and it will run over the altruistic just the same as the bastard.
cAPSLOCK
Legendary
*
Offline Offline

Activity: 3752
Merit: 5142


Whimsical Pants


View Profile
October 23, 2020, 04:25:11 PM

Volume says head fake IMHO.

AlcoHoDL
Legendary
*
Offline Offline

Activity: 2408
Merit: 4322


Addicted to HoDLing!


View Profile
October 23, 2020, 04:39:52 PM

I CERTAINLY do not think PP's motivations are altruistic in any way.

But this continues to make my point.  Bitcoin does not care if you are altruistic or you are  bastard.  And it will crush you if you stand in it's way.  Over and over that has happened.  And I expect we will watch companies that try to game it, or own it, or overcome it, or break it be destroyed by it.  Possibly PP.

But I would think they can work any greed angle that aligns with the network.  Bitcoin does not care.

Also I think altruism can cause us to stand in the way of Bitcoin as well... and it will run over the altruistic just the same as the bastard.

Exactly.

The word "altruistic" is not in Bitcoin's vocabulary. In fact, it only understands 2048 words. The rest is hexadecimals and base58.
VB1001
Legendary
*
Offline Offline

Activity: 938
Merit: 2540


<<CypherPunkCat>>


View Profile WWW
October 23, 2020, 04:52:45 PM

AlcoHoDL
Legendary
*
Offline Offline

Activity: 2408
Merit: 4322


Addicted to HoDLing!


View Profile
October 23, 2020, 04:53:33 PM
Merited by vapourminer (1)

hey everyone has panic sold something at some point (admit now.. well, except bob with his titanium training) but that was.. well that was some next level shit.

I still remember the "China bans bitcoin" crash of 2013 like it was yesterday. I was at the airport, watching the chart on my phone. It was all a nonstop sea of red straight down, and within an hour had falling well below my average buy in price. I felt sick, and certainly had many of these same thoughts.

But I hodled on. Refused to panic sell.

Yeah, it's happened to me too. In early January 2017 I had bought some coins around $1100 and then it dumped to under $800 (IIRC). I tried to sell on the way down, but Kraken saved me by not executing the order, due to their server s/w being run on ZX Spectrum 48Ks... Thank you Kraken, you saved me some losses from selling and rebuying.

So yeah, it's not so easy to keep your cool, especially in the early years of HoDLing. Would not do that now though. I feel I know how to handle it now, after years of HoDL hardening...
VB1001
Legendary
*
Offline Offline

Activity: 938
Merit: 2540


<<CypherPunkCat>>


View Profile WWW
October 23, 2020, 05:01:16 PM
Merited by serveria.com (1)

Sometimes you have to sell against your will, I know what I'm talking about.
rdbase
Legendary
*
Offline Offline

Activity: 2912
Merit: 1515


Join the world-leading crypto sportsbook NOW!


View Profile WWW
October 23, 2020, 06:40:11 PM

Nice collection of mindrust quotes. Never read them before. Gives a good insight into the "mindrust mindset"...
hey everyone has panic sold something at some point (admit now.. well, except bob with his titanium training) but that was.. well that was some next level shit.
I would like a wall of Mindtrust quotes..uhh.. for prosperity purposes. Cheesy
Do you think it would be meme worthy enough to make them postable? Undecided
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.
I CERTAINLY do not think PP's motivations are altruistic in any way.
But this continues to make my point.  Bitcoin does not care if you are altruistic or you are  bastard.  And it will crush you if you stand in it's way.  Over and over that has happened.  And I expect we will watch companies that try to game it, or own it, or overcome it, or break it be destroyed by it.  Possibly PP.
But I would think they can work any greed angle that aligns with the network.  Bitcoin does not care.
Also I think altruism can cause us to stand in the way of Bitcoin as well... and it will run over the altruistic just the same as the bastard.
Corporate money is and always be 'in it for the greed'. They don't do it for the sake of bitcoin's good in the world. Trust me on this one! Wink

I CERTAINLY do not think PP's motivations are altruistic in any way.
But this continues to make my point.  Bitcoin does not care if you are altruistic or you are  bastard.  And it will crush you if you stand in it's way.  Over and over that has happened.  And I expect we will watch companies that try to game it, or own it, or overcome it, or break it be destroyed by it.  Possibly PP.
But I would think they can work any greed angle that aligns with the network.  Bitcoin does not care.
Also I think altruism can cause us to stand in the way of Bitcoin as well... and it will run over the altruistic just the same as the bastard.
Exactly.
The word "altruistic" is not in Bitcoin's vocabulary. In fact, it only understands 2048 words. The rest is hexadecimals and base58.
Cool! Grin
The more you know. Cool


hey everyone has panic sold something at some point (admit now.. well, except bob with his titanium training) but that was.. well that was some next level shit.
I still remember the "China bans bitcoin" crash of 2013 like it was yesterday. I was at the airport, watching the chart on my phone. It was all a nonstop sea of red straight down, and within an hour had falling well below my average buy in price. I felt sick, and certainly had many of these same thoughts.
But I hodled on. Refused to panic sell.
Yeah, it's happened to me too. In early January 2017 I had bought some coins around $1100 and then it dumped to under $800 (IIRC). I tried to sell on the way down, but Kraken saved me by not executing the order, due to their server s/w being run on ZX Spectrum 48Ks... Thank you Kraken, you saved me some losses from selling and rebuying.

So yeah, it's not so easy to keep your cool, especially in the early years of HoDLing. Would not do that now though. I feel I know how to handle it now, after years of HoDL hardening...
Seems like Kraken is doing something good.
Posted to their "bitstampie" like trading view to install as an app.
https://bitcointalk.org/index.php?topic=5276527.msg55438634#msg55438634
Thanks bitebits!

Mike Novogratz said covid was good for bitcoin? I guess so. Lips sealed
https://twitter.com/APompliano/status/1319626378376056833

https://www.youtube.com/watch?v=_PXU0thDHCU
He did say up to $40,000 in the now famous "Bitcoin when moon?" song... so here we go! Smiley
Febo
Legendary
*
Offline Offline

Activity: 2730
Merit: 1288



View Profile
October 23, 2020, 06:43:26 PM

IMHO, I see BTC being a bit over or around $20k at the end of 2021.

..if the 100k in 2021 comes to pass  I'll take the fall on this post then) Smiley

Price 14 months from now will most likely be somewhere in between those two numbers. Very hard to be less then $20k and also very hard to be more then $100k, since final push usually happen in month or less. Chances to be between those two numbers is probably over 90%.




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

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.

I also agree they will buy all Bitcoin people will pay them for on paypal platform. They would be very dumb not doing it. Since the moment Bitcoin would go x10. And people would lets say spend a billion to buy "Bitcoin", they would owe them 10 billion. I am not afraid they are this dumb.  But what I am positive is that they already bought a bunch of Bitcoin at much cheaper price then $13k. Their bags are full and from those bags will sell to their users. And also they will use this coins that will hold for their users to manipulate Bitcoin price in years to come. This is the worse thing about it. Not the fear they are  making fractional reserve from Bitcoin.  
Last of the V8s
Legendary
*
Offline Offline

Activity: 1652
Merit: 4392


Be a bank


View Profile
October 23, 2020, 06:48:52 PM
Merited by ivomm (1)



Quote
Holy Cow

Most bullish commentary for #bitcoin that I have read from JP Morgan

"Even modest crowding out of #GOLD takes #bitcoin up multiples."

Widespread research piece reaches all clients of the bank.

Paypal announcement "cover" for other traditional players to get involved.

https://twitter.com/DTAPCAP/status/1319703750450302980
Pages: « 1 ... 27220 27221 27222 27223 27224 27225 27226 27227 27228 27229 27230 27231 27232 27233 27234 27235 27236 27237 27238 27239 27240 27241 27242 27243 27244 27245 27246 27247 27248 27249 27250 27251 27252 27253 27254 27255 27256 27257 27258 27259 27260 27261 27262 27263 27264 27265 27266 27267 27268 27269 [27270] 27271 27272 27273 27274 27275 27276 27277 27278 27279 27280 27281 27282 27283 27284 27285 27286 27287 27288 27289 27290 27291 27292 27293 27294 27295 27296 27297 27298 27299 27300 27301 27302 27303 27304 27305 27306 27307 27308 27309 27310 27311 27312 27313 27314 27315 27316 27317 27318 27319 27320 ... 33464 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!