My 'vast' BTC hodl on PayPal

[sirazimuth]

logged into my pp account for 1st time in like 2 years...

Good news... had a shitload of points that I cashed out. (my default cc I use for all purchases that is set on auto monthly payoff)
Forgot about that, lol....   Hey now!... I'll just turn that cash into bitcoin!!

bad news....   gotta wait 2 weeks??   wtf?

I am highly active with paypal.

I guess it was why I was able to do it so easily.

Would be nice to know how many were stalled like you were.

Hey now!. Just logged in and hello!...Turned all my cashed out PP reward points into "free" bitcoin..yay!
So be prepared folks ..whenever I buy, a massive dump ensues...

Nice. I went to other account that I have and purchased 20

I actually went to cash out free PayPal bitcoin in mid December to cover my monthly pp bill. (converted from my pp rewards when bitcoin @13.5k )
Figured it was a nice profit anyway, so why not?
Then the tax form popped up and I was like "ahhhh fuggit, ICBB, I'll wait till next year....."
That turned out to be a wise decision. Thanx IRS tax form pop up! (still hodling)

[1714502341]

1714502341

[1714502341]

1714502341

[1714502341]

1714502341

[philipma1957]

logged into my pp account for 1st time in like 2 years...

Good news... had a shitload of points that I cashed out. (my default cc I use for all purchases that is set on auto monthly payoff)
Forgot about that, lol....   Hey now!... I'll just turn that cash into bitcoin!!

bad news....   gotta wait 2 weeks??   wtf?

I am highly active with paypal.

I guess it was why I was able to do it so easily.

Would be nice to know how many were stalled like you were.

Hey now!. Just logged in and hello!...Turned all my cashed out PP reward points into "free" bitcoin..yay!
So be prepared folks ..whenever I buy, a massive dump ensues...

Nice. I went to other account that I have and purchased 20

I actually went to cash out free PayPal bitcoin in mid December to cover my monthly pp bill. (converted from my pp rewards when bitcoin @13.5k )
Figured it was a nice profit anyway, so why not?
Then the tax form popped up and I was like "ahhhh fuggit, ICBB, I'll wait till next year....."
That turned out to be a wise decision. Thanx IRS tax form pop up! (still hodling)

They did you a favor.

I have the three accounts with paypal. I think I have 800 usd total in BTC in the three accounts.

[philipma1957]

update. So far 1112 in is now 2276 not bad.

I was reviewing my PayPal btc purchases and paper profits.

wife's account >>>>>>   $257.56  is now $467.25
my personal account >>  $125.00 is now  $444.55  
my business account >>  $730.02 is now  $1364.55

totals >>>>>>>>>>> $1112.58 is now  $2276.35


The plan was to never cash these just add to them now and then.
So far no coins are cashed out.
I know no keys not your coins.
I have other wallets with keys.
This was simply a mainstream investment. Starting in Oct of 2020 and  using various deposit amounts at various times.
Not bad for simply supporting a mainstream BTC investment.


first buy was below

So here goes.

[JayJuanGee]

update. So far 1112 in is now 2276 not bad.

I was reviewing my PayPal btc purchases and paper profits.

wife's account >>>>>>   $257.56  is now $467.25
my personal account >>  $125.00 is now  $444.55  
my business account >>  $730.02 is now  $1364.55

totals >>>>>>>>>>> $1112.58 is now  $2276.35


The plan was to never cash these just add to them now and then.
So far no coins are cashed out.
I know no keys not your coins.
I have other wallets with keys.
This was simply a mainstream investment. Starting in Oct of 2020 and  using various deposit amounts at various times.
Not bad for simply supporting a mainstream BTC investment.


first buy was below

So here goes.

Surely, something does not seem quite right about your numbers phillip, and surely we are seeing something like a 2x in that performance.

Of course, if you had lump summed into your paypal purchases of bitcoin coupons, your value would have gone up 4x to 5x from a kind of $12k-ish to something approaching $60k.. so the fact that you have something that is much closer to 2x seems to support that your purchases are a bit skewed in very recent times rather than earlier times of your getting involved with reporting your paypal purchases..

My suspicion is that your profits from mining, as measured in dollars, had gone up more in the second half of the measuring period rather than in the first half and so therefore, your injection of value into your paypal account to buy bitcoin coupons actually was skewed towards the later half rather than the first half of the measuring period.

[philipma1957]

...



Surely, something does not seem quite right about your numbers phillip, and surely we are seeing something like a 2x in that performance.

Of course, if you had lump summed into your paypal purchases of bitcoin coupons, your value would have gone up 4x to 5x from a kind of $12k-ish to something approaching $60k.. so the fact that you have something that is much closer to 2x seems to support that your purchases are a bit skewed in very recent times rather than earlier times of your getting involved with reporting your paypal purchases..

My suspicion is that your profits from mining, as measured in dollars, had gone up more in the second half of the measuring period rather than in the first half and so therefore, your injection of value into your paypal account to buy bitcoin coupons actually was skewed towards the later half rather than the first half of the measuring period.

Well One account  did more profit than 3x  the middle one. Moved up 125 to 444 my personal account. 3.55 to 1


My wife's account did not start until December as it was not made eligible until mid December.. so it went up 1.81 to 1 or 467 to 257

The business account had late money added and only went up 1.86 to one. or 1364 to 740

I only feed back money that comes in to the accounts so it can be slow to happen.

[gatti]

...



Surely, something does not seem quite right about your numbers phillip, and surely we are seeing something like a 2x in that performance.

Of course, if you had lump summed into your paypal purchases of bitcoin coupons, your value would have gone up 4x to 5x from a kind of $12k-ish to something approaching $60k.. so the fact that you have something that is much closer to 2x seems to support that your purchases are a bit skewed in very recent times rather than earlier times of your getting involved with reporting your paypal purchases..

My suspicion is that your profits from mining, as measured in dollars, had gone up more in the second half of the measuring period rather than in the first half and so therefore, your injection of value into your paypal account to buy bitcoin coupons actually was skewed towards the later half rather than the first half of the measuring period.

Well One account  did more profit than 3x  the middle one. Moved up 125 to 444 my personal account. 3.55 to 1


My wife's account did not start until December as it was not made eligible until mid December.. so it went up 1.81 to 1 or 467 to 257

The business account had late money added and only went up 1.86 to one. or 1364 to 740

I only feed back money that comes in to the accounts so it can be slow to happen.

We announced that PayPal users in the U.S. can buy, sell and hold select Cryptocurrencies directly through PayPal using their Cash or Cash Plus account. Users will be able to learn about Crypto, track crypto prices, all without leaving the PayPal app. We plan to introduce this service to Venmo in 2021.Customers in the U.S. (except Hawaii) can buy, sell and hold four different Cryptocurrencies on PayPal: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.