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

[PoolMinor]

Obey the Master Bitcoin! $13K before midnight?

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[cAPSLOCK]

I will say this as an OG Bitcoiner (lolrothlmfaoetc).

If Paypal allows us to use their network with Bitcoin to buy things then I *will* allow them to custody a portion of my wealth as a spending wallet.  Why not?  I mean I got a bit on there new from Ebay sales.  Can't quite bring myself to convert all that *today* as I think the chance of a pullback is pretty high... but... you know.

[Hyperjacked]

I will say this as an OG Bitcoiner (lolrothlmfaoetc).

If Paypal allows us to use their network with Bitcoin to buy things then I *will* allow them to custody a portion of my wealth as a spending wallet.  Why not?  I mean I got a bit on there new from Ebay sales.  Can't quite bring myself to convert all that *today* as I think the chance of a pullback is pretty high... but... you know.

Dang homie... I thought I was og
You money playa 😎

[explorer]

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.

[julian071]

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.

There's plenty of good reading from the FIRE movement about that subject tho.

[marcus_of_augustus]

sorry can't get excited about the Paypal corprotist shit sandwich getting served up for the masses.
you can't deposit your own btc, you can't withdraw your own btc, when you 'spend' btc from paypal the merchant doesn't receive btc ....
I mean wtf is it? It doesn't sound like btc ... it's just some joke token they are using in their internal spreadsheet for peeps who think they are in the btc market but are actually getting played by paypal.

the deception and surreptitious datarape by silicon valley continues, can't cheer this one on.

[Toxic2040]

the noon wall report


1h


oops...wrong chart  



-----



#dyor
1h



4h

#stronghands


I wrote this haiku last night in the midst of a drunken stupor...forgive me

its not that I dont think this is good news for the mass adoption of bitcoin...its just not for me I think
keys given freely
yet many seek the shackles
of our past, tragic

[philipma1957]

^ yeah, no

I want dem dang keys PayPal or you own my stash...
Amazing paypal is control of the little guys $btc forever
Typical bs

Nope you completely miss the point.

PayPal allows 350 million people to do this>



just for 20 usd.

If every account on bitcointalk did this it would make a pump.

So far I see 1 person who did this me and I see many like you that have zero understanding of greasing the wheels of progress.

your post is throwing sand in the wheel and gears and every post like it is doing the same.

Once again toss 20 dollars worth of grease and not a hand full of sand.

[philipma1957]

sorry can't get excited about the Paypal corprotist shit sandwich getting served up for the masses.
you can't deposit your own btc, you can't withdraw your own btc, when you 'spend' btc from paypal the merchant doesn't receive btc ....
I mean wtf is it? It doesn't sound like btc ... it's just some joke token they are using in their internal spreadsheet for peeps who think they are in the btc market but are actually getting played by paypal.

the deception and surreptitious datarape by silicon valley continues, can't cheer this one on.

another tossing sand in the wheels and gears of progress.   grease them brother lube them up 20 usd worth of grease please.

[serveria.com]

The terms did say they will allow you to purchase with no fee until december 31st.
They can charge you whatever they like for their crypto cause you know they won't be going by bitstamp or any other market prices.

But who cares? I mean as long as they're promoting BTC and people are buying let them earn their %

Besides, setting this deadline also makes people buy ASAP (before December 31st) which is again a good thing.

It's a pleasure to spend this day 1 of the Paypal pump with you gentlemen here on WO!  

[nokati]

THIS IS HUGE!

I dont like paypal
You dont get the privatekey
etc..
etc..
etc.

BUT NOW MY GRANDMA CAN ALSO BUY BITCOINS!

This is really the biggest step in to mass adoption!
Mark my word.... We are not going just to moon.... we are going to buy the damn moon 

[podyx]

Me waiting for the BTC $100k party

[Arriemoller]

Riddle me this, why would I buy something to buy something?
Unless you use the Paypal account for hodling it's useless.
Well, aside from the "spreading the word" aspect.

[serveria.com]

I want dem dang keys PayPal or you own my stash...
Amazing paypal is control of the little guys $btc forever
Typical bs

You should not use Paypal to custody your bitcoin, obviously.

But more than 99% of people are nowhere near ready to custody their own keys.

The less stories about how dangerous it is to own Bitcoin, the better.

This is analogous to the arrival of AOL in the internet age.  Do we want AOL instead of the internet?  Hell no.  Did AOL onboard 70% of the US market.  Yup.

Exactly! Paypal will make BTC go incredibly mainstream. I guess leaving the coins in their custody and letting them charge their 5 is a fair price for that. 

[serveria.com]

Me waiting for the BTC $100k party

Bears (or ex-bears) are not invited... 

[marcus_of_augustus]

sorry can't get excited about the Paypal corprotist shit sandwich getting served up for the masses.
you can't deposit your own btc, you can't withdraw your own btc, when you 'spend' btc from paypal the merchant doesn't receive btc ....
I mean wtf is it? It doesn't sound like btc ... it's just some joke token they are using in their internal spreadsheet for peeps who think they are in the btc market but are actually getting played by paypal.

the deception and surreptitious datarape by silicon valley continues, can't cheer this one on.

another tossing sand in the wheels and gears of progress.   grease them brother lube them up 20 usd worth of grease please.

Okay we get it, you're a paypal shill who's cheering on the ripping off of millions using the bitcoin brand so they can play in the CME btc options market for their corporate treasury

if a crypto exchange was doing this everyone would be shitting all over them

[DaRude]

sorry can't get excited about the Paypal corprotist shit sandwich getting served up for the masses.
you can't deposit your own btc, you can't withdraw your own btc, when you 'spend' btc from paypal the merchant doesn't receive btc ....
I mean wtf is it? It doesn't sound like btc ... it's just some joke token they are using in their internal spreadsheet for peeps who think they are in the btc market but are actually getting played by paypal.

the deception and surreptitious datarape by silicon valley continues, can't cheer this one on.

Now when granma's "invested" in BTC via PayPal, it'll be that much harder for gov. to fight it as money for pornographers, terrorist, durggies... 

[Hyperjacked]

sorry can't get excited about the Paypal corprotist shit sandwich getting served up for the masses.
you can't deposit your own btc, you can't withdraw your own btc, when you 'spend' btc from paypal the merchant doesn't receive btc ....
I mean wtf is it? It doesn't sound like btc ... it's just some joke token they are using in their internal spreadsheet for peeps who think they are in the btc market but are actually getting played by paypal.

the deception and surreptitious datarape by silicon valley continues, can't cheer this one on.

So true man! I've been saying it for years with my "feed the homeless" rants back in 2014!
Corporate holds the cards and deals out accordingly. If you hold the "keys" you control the masses!
HODL YOUR OWN KEYS!

disclaimer:who knew

[nokati]

Me waiting for the BTC $100k party

Bears (or ex-bears) are not invited... 

 

[Biodom]

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?