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

[AlcoHoDL]

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]

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

[rdbase]

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.
Do you think it would be meme worthy enough to make them postable?

https://www.bloomberg.com/news/articles/2020-10-22/paypal-said-to-be-in-talks-to-buy-crypto-firms-including-bitgo

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!

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!
The more you know.

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.
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!

[Febo]

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)

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]

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

[Torque]

Mike Novogratz said covid was good for bitcoin? I guess so.
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!

Sorry but no, fk that Novogratz guy.

a) He was calling for $10k way back in 2013. His calls/predictions are shit.

b) He's been known to huff on Ether and other shitcoins

c) Every time the MSM trots him out for bullish video interviews, it's typically at the peak of a bull run. Expect a crash soon after.

[philipma1957]

I would like to point out. this post

Now I want to show a few reasons why I like this.

blocks

653990 https://www.blockchain.com/btc/block/00000000000000000005210c76d26372c4f24ddb5e42774ca61392dc8f0582ca.  1.50 in fees


653989 https://www.blockchain.com/btc/block/00000000000000000006b6b35de0f63a5e2e9e97d2f79d2f91e85f7274c7667f    1.54 in fees

653988 https://www.blockchain.com/btc/block/000000000000000000048f9d4c1107bfcc5e5d4221b80675c97cf2c94a71604f    1.62 in fees

653987 https://www.blockchain.com/btc/block/000000000000000000097c34c6c6c7683689109696c86e0c8edd52099f6be9c5  1.02 in fees

653986 https://www.blockchain.com/btc/block/00000000000000000001d9a790b9055b636c9bf87dc142e37903def251fe3ac9  0.797 in fees



See what is happening movement of coins  = huge fees

I did a bing search yesterday

"PayPal and BTC".   25,100,000. hits

today 36,800,000 hits




93-106 Of 37,400,000 Results Any time ------------------ actually more in under 2 minutes time to set up post!!
Bitcoin prices surge after Paypal jumps into the ...

https://www.cnn.com/2020/10/21/investing/paypal-bitcoin-cryptocurrencies/index.html
2 days ago · PayPal is launching its own cryptocurrency service, allowing people to buy, hold and sell digital currency on its site and applications.
PayPal allows Bitcoin and crypto spending - BBC News

https://www.bbc.co.uk/news/technology-54630283
2 days ago · PayPal has entered the cryptocurrency market, announcing that its customers will be able to buy and sell Bitcoin and other virtual currencies using their PayPal accounts.
PayPal Finally Welcomes Cryptocurrencies, Including ...

https://www.forbes.com/sites/roberthart/2020/10/21/paypal-finally-welcomes-crypto...
2 days ago · PayPal will support four different cryptocurrencies — bitcoin, ethereum, litecoin and bitcoin cash — together with fintech startup Paxos.
PayPal to Enable Bitcoin and Crypto Purchasing and Selling

https://cryptopotato.com/paypal-to-enable-bitcoin-and-crypto-purchasing-and-selling
2 days ago · In addition, PayPal customers will be able to spend Bitcoin to shop at over 26 million vendors already included in its network starting early 2021, Reuters reports. The company has stated that they are “working with central banks and thinking of all forms of digital currencies and PayPal can play a role.”
PayPal’s Just Introduced a Bitcoin Onramp to 346 Million ...

https://www.newsbtc.com/news/bitcoin/paypals-just-introduced-a-bitcoin-onramp-to-346...
1 day ago · There’s Nearly Twice as Many PayPal Users as BTC Users. On-chain analyst Willy Woo explained that the significance of the PayPal news cannot be understated. The platform currently has nearly double the number of users that Bitcoin has. “User base: PayPal 346m+ Bitcoin 187m+. This is a big deal,” he said while pointing to the below chart ...
Bitcoin custodian BitGo on the list as PayPal explores ...

https://seekingalpha.com/news/3625295-bitcoin-custodian-bitgo-on-list-paypal-explores...
6 hours ago · PayPal's interest comes alongside its move this week allowing its customers to purchase cryptocurrencies like Bitcoin , Ether , Litecoin , and Bitcoin Cash . PayPal is up 0.8% premarket, and ...
Bitcoin extends gains after PayPal move to accept ...

https://www.channelnewsasia.com/news/business/bitcoin-extends-gains-after-paypal-move...
2 days ago · LONDON: Bitcoin extended its gains on Wednesday after PayPal Holdings Inc said it will allow customers to buy, sell and hold cryptocurrencies. It was last up 3.2per cent at …
Litecoin paced BTC on PayPal's crypto news

https://blog.cfbenchmarks.com/btc-and-ltcs-peak-paypal-volume
1 day ago · BTC and LTC’s peak PayPal volumes A day ago, it was possible, even sensible not to read too much into eye-catching crypto price moves in the wake of major industry news. Bitcoin’s break above $12,000 after all, followed a third attempt in as many months, and as we noted, was not immediately backed by significant trading volumes.
'Bitcoin's No Longer Optional' — What Investors Say About ...
https://news.bitcoin.com/bitcoin-paypal-crypto-services
1 day ago · Paypal launching cryptocurrency services has given crypto investors much to think about. While many crypto users view the news as extremely bullish, some point out several areas of concern bitcoin ...
PayPal to Launch Crypto Buying and Selling Features - Decrypt

https://decrypt.co/45802/paypal-to-launch-crypto-buying-and-selling-features
2 days ago · At launch, PayPal will allow purchases of Bitcoin, Ethereum, Bitcoin Cash and Litecoin. Although users will be able to pay with cryptocurrencies at around 26 million merchants in early 2021, the resellers will still receive the funds in the form of fiat currencies such as the US Dollar, the company noted.
PayPal now letting users trade Bitcoin and Ethereum, paves ...

https://www.androidpolice.com/2020/10/21/paypal-now-letting-users-trade-bitcoin-and-e...
1 day ago · PayPal has partnered with New York-based Paxos Trust to broker trades. It has also obtained a Bitlicense from the New York Department of Financial Services which mandated some of the company's...
PayPal will allow users to buy, sell and shop using ...

https://www.rt.com/business/504150-paypal-bitcoin-cryptocurrencies-launch
2 days ago · PayPal has jumped into the cryptocurrency market and plans to allow its customers to buy, sell and hold bitcoin, ethereum and other virtual currencies using their online wallets. The new feature, which was announced on Wednesday, is expected to be implemented in 2021. At that stage, users will be ...
Bitcoin Retests 2020 High Following PayPal News, Will BTC ...

https://marketinsider.net/bitcoin-retests-2020-high-following-paypal-news-will-btc...
2 days ago · NewsBTC. Rumors broke earlier this year that PayPal would be changing its tune on cryptocurrencies and would soon be supporting Bitcoin and other assets. Today, however, Reuters reports that PayPal revealed it would indeed be offering cryptocurrency payments across the 26 million merchants on its network starting in early 2021.
Bitcoin surges to highest since July 2019 after PayPal ...

https://theprint.in/economy/bitcoin-surges-to-highest-since-july-2019-after-paypal...
1 day ago · PayPal customers can buy, sell and hold cryptocurrencies including Bitcoin, Ether, Bitcoin Cash and Litecoin from digital wallets, as well as use the virtual money to shop at the 26 million merchants on its network. Shares of PayPal jumped 5.5% to …


Related searches for Paypal and BTC
btc my account
pay btc bill online
bitcoin express
Some results have been removed
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 I am using bing as they give me search counts.  Which keep on getting bigger and bigger.

My big point is search hits  Are over 30 million on bing.  Which is way smaller then google

Google is over 103 million

[serveria.com]

#JEneSUISpasmindrust

Other mind rust quotes

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.

Same here... hedl during the China ban, 2017/18 blowoff top and 2020 Covid crash... sold 0BTC... 

[philipma1957]

#JEneSUISpasmindrust

Other mind rust quotes

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.

Same here... hedl during the China ban, 2017/18 blowoff top and 2020 Covid crash... sold 0BTC... 

So you sold zero btc when we were at 19,900 in dec of 2017?

[Cryptotourist]

Go BTC, go!



https://www.youtube.com/watch?v=ums8n8tTL6M

[serveria.com]

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)

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%.

I think you underestimate BTC.... $100k+ is the lowest you should expect. My prediction is $200-400k.   

[Biodom]

A cool quote:

All you need to live a fulfilled life is health, family, friends, and being quietly wealthy enough that you can say no to anybody. Nothing more than that.

https://twitter.com/QwQiao/status/1319263576763387904

[Toxic2040]

dyor
1h


4h

[LFC_Bitcoin]

I think you underestimate BTC.... $100k+ is the lowest you should expect. My prediction is $200-400k.   

We can definitely be friends

[jojo69]

[serveria.com]

#JEneSUISpasmindrust

Other mind rust quotes

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.

Same here... hedl during the China ban, 2017/18 blowoff top and 2020 Covid crash... sold 0BTC... 

So you sold zero btc when we were at 19,900 in dec of 2017?

Yes, funny (or sad I dunno) but I sold nothing. And i don't regret it. I even converted all shitcoin airdrops to BTC. That's why going back to $20k is a non-event for me. If I wanted to sell at $20k I wouldn't have waited 2 years...  

[Biodom]

#JEneSUISpasmindrust

Other mind rust quotes

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.

Same here... hedl during the China ban, 2017/18 blowoff top and 2020 Covid crash... sold 0BTC... 

So you sold zero btc when we were at 19,900 in dec of 2017?

Yes, funny (or sad I dunno) but I sold nothing. And i don't regret it. I even converted all shitcoin airdrops to BTC. That's why going back to $20k is a non-event for me. If I wanted to sell at $20k I wouldn't have waited 2 years...  

Well, we all will be tested if it goes to 21K, then drops back to 12-13K.
The best situation is not to have much on exchange...then you cannot really panic-sell 

[explorer]

https://www.bloomberg.com/news/articles/2020-10-22/paypal-said-to-be-in-talks-to-buy-crypto-firms-including-bitgo

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.

   Some people call it a business.

[Torque]

The knock on effects of the PayPal announcement interest me more tho

https://twitter.com/chamath/status/1319043760831909894

[cAPSLOCK]

The knock on effects of the PayPal announcement interest me more tho

https://twitter.com/chamath/status/1319043760831909894

Bingo.

Strap the fuck in.