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

[cAPSLOCK]

[troll mode back off]

You know what would be ridiculously bullish?  IF we do not see a "sell the news" drop sometime very soon.  Seriously when buys overcome all the insiders selling the extra stakes they bought?  See what I am saying?  I mean we should be seeing a drop in 3... 2...

[troll mode back on]

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[cAPSLOCK]

In the PayPal app... where do you turn on Whirlpool?  Are they using coinjoins?  What is this shit?

Proudhon, I know it's not that good... but yeah?

[AlcoHoDL]

Information overload!

Came back from work to see several pages of WO posts and Bitcoin price pumping hard. Hungry as hell, and the first thing I do is open Firefox, which leads me straight to WO. Addicted? Probably. Enjoying it? Immensely!

Don't worry about PayPal. Bitcoin is Bitcoin. It is what it is. Let anyone use it as anyone pleases. That's the beauty of it. Anything you do with it, you cannot harm it. The more anyone uses it, the better for all of us.

And if you can harm it, then the experiment has failed.

So, to PayPal and everyone else, I say, USE IT and ABUSE IT as much as you want. All the better for us!

[strawbs]

A couple of years ago I had some GBP in a Revolut account at the start of a four month foreign vacation (that's another story), so I thought I might as well swap it for BTC on Revolut's platform. It sat there for the whole four months, increasing in value relative to GBP. At the end of the vacation I swapped it back to GBP and the profit paid for the vacation.

I know that last year there was a queue of over 15,000 waiting to open Revolut accounts.

This paypal news would allow more people to do pretty much the same thing, I suppose. As someone said earlier, presumably Revolut and now Paypal will have to make sure they always hold enough BTC to cover their customers' positions. In which case, for every 'virtual' BTC 'purchased' by a Paypal customer, PayPal would have had to purchase, or will have to purchase, a real BTC.  In which case, the more Paypal account holders who convert their fiat into Paypal's version of BTC, the more demand for real BTC and therefore more CCMF gifs, no?

[julian071]

A wall on Kraken.

[philipma1957]

This is a perfect launch pad for a small investor.

Simply buy and hodl.

Buy 20usd a week and hodl.

The only advantages over doing the same at the existing exchanges is that at the existing exchanges sending fiat could cost more.
But at least when he reaches 1000$ (or whatever he thinks so) the small investor can withdraw as Bitcoin if he wants to.
Oh well... I've seen the same with Revolut and I've considered it an incorrect move (incorrect for the customer). But I guess they'll have their niche and I can't deny, the advertising they bring is great.

I am curious what will be the exchange rate difference from main exchanges. I am curious how the spending will go. Will they become the main hub for spending Bitcoin at shopping (as they hope, I guess)?

Paypal is worldwide and has 300 million accounts.

and I am thinking a lot of other people are liking this as btc is over 12,689 last I looked.

I think a lot of people don't understand what adapting BTC entails.

This is a step in the correct direction.




And the first fool to post PayPal froze all my btc is just that a fool .  Why would you have more then 10% of your btc in PayPal.

[rdbase]

I guess I should buy some

Will need to check my paypal when I get a chance.
Wonder if we will be able to withdraw it once purchased like someone on twitter pointed out.


This was a definite move against Jack Dorsey as they began to see what square and their offering with cashapp has been a hit with their customer base..
taking a slice of their profits.

Bring it on Mofo's at Paypal HQ!  
Price be poppin' like a mutha f**kr now!

[Elwar]

I'm liking the PayPal thing...

My initial thoughts are that we could integrate this as a solution for bitcoin payments on the cruise ship. There are already PayPal NFC point of sale terminals. Everyone just sign up for a Paypal account, load it with BTC and pay everywhere on the ship.

That would allow people that just want to use fiat to do so as well.

There are also ways of loading up an NFC ring with payment details. Much to research but this could be pretty great.

[yslyv]

Shut up Trump! We dont need elections, we don't need bad coronavirus news for moon! We have enough positive updates.
There are around 350 million active accouts on Paypal. They can deposit withdraw cryptocurrencies without any local exchange requirements. Great!

[elrippos friend]

I'm liking the PayPal thing...

My initial thoughts are that we could integrate this as a solution for bitcoin payments on the cruise ship. There are already PayPal NFC point of sale terminals. Everyone just sign up for a Paypal account, load it with BTC and pay everywhere on the ship.

That would allow people that just want to use fiat to do so as well.

There are also ways of loading up an NFC ring with payment details. Much to research but this could be pretty great.

I wouldn´t touch it to be honest, but everybody can and should do like they desire  

[rdbase]

I'm liking the PayPal thing...

My initial thoughts are that we could integrate this as a solution for bitcoin payments on the cruise ship. There are already PayPal NFC point of sale terminals. Everyone just sign up for a Paypal account, load it with BTC and pay everywhere on the ship.

That would allow people that just want to use fiat to do so as well.

There are also ways of loading up an NFC ring with payment details. Much to research but this could be pretty great.

I wouldn´t touch it to be honest, but everybody can and should do like they desire  

Just see it as another viable option.
And we as consumers need more of that so to have companies be competitive for our fingers to make a move towards what they have to offer.

Tone Vays livestream is actually talking about how paypal purchasing bitcoin on their platform, you will not be able to withdraw to another account after buying it.
https://www.youtube.com/watch?v=7WtP8nRsnJ0
Still bullish over all - quote on his outro

[AlcoHoDL]

[...]

Tone Vays livestream is actually talking about how paypal purchasing bitcoin on their platform, you will not be able to withdraw to another account after buying it.
https://www.youtube.com/watch?v=7WtP8nRsnJ0

"Not your keys, not your Bitcoin" comes to mind...

Edit: At least, users can enjoy the profits from price appreciation, even without owning the keys.

[Tweak25]

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.

[BobLawblaw]

Observing velocity towards $13,000 USD/BTC

[strawbs]

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.

You could wait just a little bit longer and then you won't need to cash out.

"When the time comes to sell bitcoin, you won't need to sell bitcoin".

[insert Morpheus .gif if you can find it]

[philipma1957]

Observing velocity towards $13,000 USD/BTC

closer we get step by step inch by inch


with my apologies to "Niagara Falls" abbot and Costello routine

https://www.youtube.com/watch?v=JuMpcSTlB70

[600watt]

I guess I should buy some








[img]https://i.imgur.com/

PayPal your regular shitcoin peddler? man, just think of it how much shitcoin producers are willing to pay to be on that landing page.

we need to educate the noobs not to buy shitcoins.

and by the way:

CCMF

[samson]

Definitely on the up 

[600watt]

Well, it's nice to be officially "wealthy" again at these BTC/USD prices. Freaking surreal.

Too bad the Paypal news is so lame. Not being able to move crypto between accounts, or into your own custody is going to red-pill quite a few folk about "not your keys, not your coins"

Gentlemen.

Yeah, that was one of my initial thoughts too. But that's eclipsed imo by the ability to send your bitcoin to paypal and then be able to spend it anywhere paypal is accepted, which is almost everywhere online. So just one extra step allows us to spend bitcoin almost everywhere. That's huge (no need to keep huge amounts of bitcoin there).

Hmm, it seems that if you cannot send/receive your own bitcoin to/from your paypal account, it's perhaps not as ground breaking as we'd hoped. Still a positive development though.

the timing is fantastic. and also the way they designed the UI with those neat daily %gainZ. how many of the 350 mil users will want to give it a shot and buy for $20 or $50? during the next run-up those millions of people will see the fiat gains every day. it will get them hooked. sucked in. because no coiners are not used to that kind of gains at all. them have been watching their life-insurance or house savings plan appreciate 1% p.fuckingA. basically 350 mio little onramps to the craze. omg.


 

[jojo69]