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

[Toxic2040]

Well, now that I'm back from a little happy walk it's time to think about this.

First, glad it's bitcoin and not a paypal shitcoin. A shitcoin would just be their little company scrip, which as we all know is worthless in real terms.

Yeah but....it's bitcoin and also 3 other shitcoins that we all know are completely worthless.

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.

Finally found something I can agree with Marcus on. They will screw PayPal hodlers over just like the Robinhood traders get screwed over time and again. With unlimited fractional reserve and holding the real keys, PayPal will be scraping off the cream of trading profits from crypto users' crypto balances. Also by attracting bitcoin hodlers they will pool the btc and help the trading shorters do more damage.

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[600watt]

bullishness is bullish.

[Cryptotourist]

Me waiting for the BTC $100k party

We glad to meet you at the $100k party:




Gentlemen. Observing $12957 edit $13k

[serveria.com]

13k incoming 

[lightfoot]

Yeah but....it's bitcoin and also 3 other shitcoins that we all know are completely worthless.

Not quite what I meant: They could have sold paypalcoin or some BS like that which isn't backed by anything. LTC is a little coin but at least it has a public mining community. Huffing ether... is, and I didn't see what the last one was.

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.

If that is what it becomes then it is a shitcoin. We'll see.

[Torque]

Yeah but....it's bitcoin and also 3 other shitcoins that we all know are completely worthless.

Not quite what I meant: They could have sold paypalcoin or some BS like that which isn't backed by anything. LTC is a little coin but at least it has a public mining community. Huffing ether... is, and I didn't see what the last one was.

I believe it's BCash, the biggest and most worthless scam coin of them all. The *king* of shitcoins (well, next to BSV of course).

[600watt]

Yeah but....it's bitcoin and also 3 other shitcoins that we all know are completely worthless.

Not quite what I meant: They could have sold paypalcoin or some BS like that which isn't backed by anything. LTC is a little coin but at least it has a public mining community. Huffing ether... is, and I didn't see what the last one was.

I believe it's BCash, the biggest and most worthless scam coin of them all. The *king* of shitcoins (well, next to BSV of course).

i understand your judgement but I would like to mention eth, the DAO, erc-20, etc shitcoin enabler could be viewed as "king"

[BobLawblaw]

[LFC_Bitcoin]

If I could tell 2014 me anything, it’d be to chill, everything is going to work out just fine.

Not current valuation but I'd be very happy with 10,000 USD each.
I'd be set up for life then with my coins.
I suppose that's the ultimate dream.

[Torque]

Yeah but....it's bitcoin and also 3 other shitcoins that we all know are completely worthless.

Not quite what I meant: They could have sold paypalcoin or some BS like that which isn't backed by anything. LTC is a little coin but at least it has a public mining community. Huffing ether... is, and I didn't see what the last one was.

I believe it's BCash, the biggest and most worthless scam coin of them all. The *king* of shitcoins (well, next to BSV of course).

i understand your judgement but I would like to mention eth, the DAO, erc-20, etc shitcoin enabler could be viewed as "king"

Hmmm... maybe they should have a yearly contest, to see which one is crowned "King of the Shitcoins" each year?

I'm sure it would be a tight vote. A few could win multiple years in a row.

[Toxic2040]

#dyor
D

#stronghands

[kurious]

Bitcoin on Paypal
Beats Facebook coin shit at least
I'll give it two cheers...

Massive exposure
And they will have to buy some
At least it's a start

All's been said above
If Paypal brings the masses
Who can stop the train?

[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 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 

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....

[kurious]

Yeah but....it's bitcoin and also 3 other shitcoins that we all know are completely worthless.

Not quite what I meant: They could have sold paypalcoin or some BS like that which isn't backed by anything. LTC is a little coin but at least it has a public mining community. Huffing ether... is, and I didn't see what the last one was.

I believe it's BCash, the biggest and most worthless scam coin of them all. The *king* of shitcoins (well, next to BSV of course).

i understand your judgement but I would like to mention eth, the DAO, erc-20, etc shitcoin enabler could be viewed as "king"

Hmmm... maybe they should have a yearly contest, to see which one is crowned "King of the Shitcoins" each year?

I'm sure it would be a tight vote. A few could win multiple years in a row.

Yeah but giving CSW any kind of award - YEAR AFTER YEAR, would be awful.

[Biodom]

If I could tell 2014 me anything, it’d be to chill, everything is going to work out just fine.

Not current valuation but I'd be very happy with 10,000 USD each.
I'd be set up for life then with my coins.
I suppose that's the ultimate dream.

and what is the word from now on?

MOAR

[Last of the V8s]

Science.

[DaRude]

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 ...

[Biodom]

over 13K on coinbase  

[LFC_Bitcoin]

@v8 -

math and science.

[kurious]

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  

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.