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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25731752 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 5 users with 9 merit deleted.)
Gyrsur
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Bitcoin Legal Tender Countries: 2 of 206


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October 22, 2020, 12:42:15 PM

Urgh, so bored of these $1000 per day rises.

When $1000 per hour rises?

maybe you won't hear it. steady rise and panic sell. but not now later then. 10x price later.
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Gyrsur
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October 22, 2020, 12:44:04 PM

$13k or €11K  Grin



when CLIMAX?  Grin
sirazimuth
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October 22, 2020, 12:58:34 PM

Observing lots of interesting chit chat involving Granny and PayPal.
This is all well and good but what about cousin Mel?....
Globb0
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October 22, 2020, 01:03:25 PM
Merited by JayJuanGee (1), savetherainforest (1)



philipma1957
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October 22, 2020, 01:04:29 PM

Observing lots of interesting chit chat involving Granny and PayPal.
This is all well and good but what about cousin Mel?....

No what about Drunk Uncle

https://www.youtube.com/watch?v=PuduYMzY3Dc
aesma
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October 22, 2020, 01:06:00 PM
Merited by philipma1957 (2), JayJuanGee (1)

The whole "not your keys not your Bitcoin" has always been a bit too absolutist for me. It implies that you will lose your Bitcoin every time if you don't have full control of your keys at all times.

If you want to use a metaphorical valet temporarily you aren't failing some Bitcoin purity test.

You give your keys to the valet for convenience in hopes that he will bring your car back. You run a tiny risk of not getting it back, but some people like to valet their car.

That's fine as long as it's only a portion of your bag. If you have the keys to the majority of your coins, and some amount on exchanges/web wallets for reasons, fine. The saying "not your keys not your coins" is for the millions of people that ONLY have BTC on such or such website as IOUs.
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October 22, 2020, 01:11:42 PM

Granny is the new coffee.  You heard it here.

Yes, dear, I would love a cuppa...
vapourminer
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what is this "brake pedal" you speak of?


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October 22, 2020, 01:17:43 PM
Merited by JayJuanGee (1)

The whole "not your keys not your Bitcoin" has always been a bit too absolutist for me. It implies that you will lose your Bitcoin every time if you don't have full control of your keys at all times.

If you want to use a metaphorical valet temporarily you aren't failing some Bitcoin purity test.

You give your keys to the valet for convenience in hopes that he will bring your car back. You run a tiny risk of not getting it back, but some people like to valet their car.

That's fine as long as it's only a portion of your bag. If you have the keys to the majority of your coins, and some amount on exchanges/web wallets for reasons, fine. The saying "not your keys not your coins" is for the millions of people that ONLY have BTC on such or such website as IOUs.

for 1st exposure to btc for a crypto noob, paypal and robinhood are a start. sure, theyre not coins you have the key to, and you can only buy/trade in the platform and you cannot move it from their platform. but its dead easy for noobs to buy and watch the price with (sorta) skin in the game now. and no seeds, no private keys, no files to backup etc of course those are the very things that make bitcoin bitcoin but that can come later for those noobs once they get it.

sure its probably fractional reserve too (or will be) but exposure of any kind is good. those who get it will sell the fake crap, buy real bitcoin and move it to their own wallets when they learn the ropes.
philipma1957
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October 22, 2020, 01:30:31 PM
Last edit: October 22, 2020, 02:06:43 PM by philipma1957

The whole "not your keys not your Bitcoin" has always been a bit too absolutist for me. It implies that you will lose your Bitcoin every time if you don't have full control of your keys at all times.

If you want to use a metaphorical valet temporarily you aren't failing some Bitcoin purity test.

You give your keys to the valet for convenience in hopes that he will bring your car back. You run a tiny risk of not getting it back, but some people like to valet their car.

That's fine as long as it's only a portion of your bag. If you have the keys to the majority of your coins, and some amount on exchanges/web wallets for reasons, fine. The saying "not your keys not your coins" is for the millions of people that ONLY have BTC on such or such website as IOUs.


Here are my vast PayPal BTC hodlings.  
Going to make a thread on it.

new thread

https://bitcointalk.org/index.php?topic=5283723.msg55430652#msg55430652

El duderino_
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October 22, 2020, 01:43:13 PM

https://twitter.com/scylla440x/status/1319207037981630464?s=21

 Cool Grin
Lucius
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October 22, 2020, 01:43:43 PM
Merited by vapourminer (1), cAPSLOCK (1), JayJuanGee (1)

The idea that everyone who owns a BTC should be their own bank is basically correct, but let's be honest and admit that most are not ready for that responsibility (for now), and that those who will temporarily bridge the gap between a classic bank and an idea be your own bank just one way or another helping Bitcoin become available to an increasing number of people.

I've had PP for years, I've never had a problem with them - all I had to do to verify the account was add my bank card - and I think it's a lot easier than going through verification on one of the crypto exchanges. So PP will really allow hundreds of millions of users to buy and sell BTC, and use it to pay in all places where PP is available(with conversion to fiat of course), and that's a really big deal, in my opinion much bigger than BTC futures and things like that.

After all, banks in the EU (Germany) and the US have been given permission to buy, sell and store crypto, funds like Grayscale are buying huge amounts of BTC, and companies are transferring their fiat reserves to BTC. If anyone has dreamed of a real adaptation, this is just proof that it is really happening - but this is just the beginning - in few years no one will ask if you have a BTC for sale, but if you have a few thousand satoshi Cheesy
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October 22, 2020, 01:44:51 PM

2 important questions....

1. Does PayPal need to back the balance 1:1 by real bitcoin?

2. If yes, where he buy the coins? Which exchange?

Anyone know this?

Otherwise it's the biggest scam ever....
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October 22, 2020, 01:47:06 PM
Merited by Arriemoller (1), psycodad (1)

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. 
philipma1957
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October 22, 2020, 01:53:37 PM
Merited by cAPSLOCK (1)

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. 


Yeah my grandmothers died in 1987 and 1963

I am old enough to be a grand father (63)

I think a lot of BTC purist people don't see the world for what it is.
They see it for what they want it to be.

Myself I will put my rebate money earned on retailmenot into my PayPal cash balance and buy btc with it.

Not because I like PayPal but to show people that don't have a viable way into BTC a way into BTC.

and as for the purist of btc they can have all their btc in wallets they own with stainless steel backups etc.
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October 22, 2020, 02:03:16 PM

Not because I like PayPal but to show people that don't have a viable way into BTC a way into BTC.

Hats off for that. I'll watch that thread (at least for a while) to see how it goes.
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October 22, 2020, 02:21:28 PM

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? Cheesy 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?
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October 22, 2020, 02:24:35 PM
Merited by LFC_Bitcoin (1), Last of the V8s (1), bitserve (1)

Optimistic to see the good news this week and to see BTC at this price, I personally have the feeling that the rocket is going to the moon with my friends and I have been left out, fuck this is bullshit.
But, I am happy for all of you.
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October 22, 2020, 02:27:18 PM

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? Cheesy 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!
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October 22, 2020, 02:37:56 PM
Merited by JayJuanGee (1)

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

Quote
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.



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October 22, 2020, 02:38:05 PM
Merited by vapourminer (2)

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? Cheesy 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.
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