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Author Topic: I won't bet on this  (Read 652 times)
LogitechMouse
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June 28, 2020, 10:46:02 AM
 #21

PayPal is planning to implement crypto payment, that's not a bad news at all and we already have DeFi projects making Ethereum bullish this days.. that's two major news that can trigger bullrun soon but..... Don't make a bet on this, nothing might probably happen, actions speaks louder than words, maybe if PayPal actually get this done then, just maybe .......
The Paypal news I think is just a rumor and I didn't read articles from trusted sources telling that they will implement it.

With regards to the DEFI projects of Ethereum, I believe that this will take a long time but they are already in the process of developing it. Holding a bit of BTC and ETH would be fine though just like me. I'm holding a bit of ETH and most of my portfolio is on BTC. Just don't expect too much in these kind of news spreading in the internet.

 
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June 28, 2020, 12:21:21 PM
 #22

I am seeing this PayPal cryptocurrencies payment project like what we have last year on Facebook coin. It might not be actualize soon. I believe that we still have long time to go on this.
I also agree with you, surely they will have a lot of difficulties implementing it. Because it will be like Libra, it will have a lot of legal difficulties and it will take a lot of time in the future for their ideas to be implemented.

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enhu
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June 28, 2020, 12:56:22 PM
 #23

PayPal is planning to implement crypto payment, that's not a bad news at all and we already have DeFi projects making Ethereum bullish this days.. that's two major news that can trigger bullrun soon but..... Don't make a bet on this, nothing might probably happen, actions speaks louder than words, maybe if PayPal actually get this done then, just maybe .......
The Paypal news I think is just a rumor and I didn't read articles from trusted sources telling that they will implement it.

With regards to the DEFI projects of Ethereum, I believe that this will take a long time but they are already in the process of developing it. Holding a bit of BTC and ETH would be fine though just like me. I'm holding a bit of ETH and most of my portfolio is on BTC. Just don't expect too much in these kind of news spreading in the internet.

Maybe so. This is why after the slight bullish trend the crash begun. For all we know its just a rumor and those who bought the news now are regretting selling their BTC for a lower price. Much like getting robbed without even a knife to their necks.  We all know they hate BTC since the time it exists we can't just expect them to change their thought about it and join the club.

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June 28, 2020, 12:59:56 PM
 #24

If PayPal wants to implement that kind of service, I think they can because they have all the resources to make it happen. But are you sure about that information, is that reliable? or just gossip, Because as I remember Paypal was backed out in the Calibra project because of many problems involving crypto and other legal scrutiny, thats why I doubt that information. so for now, just wait and see, for what will happens next.   
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June 28, 2020, 01:52:40 PM
 #25

Soon more and more people will know and invest in cryptos because of this known application who would want to add cryptos as a way to purchase and that will be a great benefit for both the company and to us people who believes in cryptos. If it will be implemented for sure additional users will use that application and the company will surely benefit and earn more from that. They will also promote cryptos to their users who so not know anything about it and that will be great. I just hope it will happen soon if ever they really have the plan to do it. 
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June 28, 2020, 02:28:46 PM
 #26

We all are going to cross our finger to crypto/btc/eth grow because of these events.
But in real life we can't predict anything, so even if defi will remain bullish and paypal will release its crypto payment system like tomorrow - we still have no assurance if its going to impact price of any cryptocurrency whatsoever
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June 28, 2020, 03:36:15 PM
 #27

PayPal is planning to implement crypto payment, that's not a bad news at all and we already have DeFi projects making Ethereum bullish this days.. that's two major news that can trigger bullrun soon but..... Don't make a bet on this, nothing might probably happen, actions speaks louder than words, maybe if PayPal actually get this done then, just maybe .......
if paypal provides new features for integration into crypto currencies, especially Bitcoin, I'm sure this is good for the future of Bitcoin, because maybe Bitcoin can become a new payment tool going forward, this is really good news

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June 28, 2020, 04:17:02 PM
 #28

PayPal is planning to implement crypto payment, that's not a bad news at all and we already have DeFi projects making Ethereum bullish this days.. that's two major news that can trigger bullrun soon but..... Don't make a bet on this, nothing might probably happen, actions speaks louder than words, maybe if PayPal actually get this done then, just maybe .......
if paypal provides new features for integration into crypto currencies, especially Bitcoin, I'm sure this is good for the future of Bitcoin, because maybe Bitcoin can become a new payment tool going forward, this is really good news

PayPal is a legal financial platform and if implementing crypto, I think it will have a big impact on the prices of some popular cryptos. The price of Bitcoin may break above the highest price if that happens.
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June 28, 2020, 04:45:14 PM
 #29

Rightly said you are. Yes, it's great news for crypto lovers but I am also not sure how much effect that on market price
Chuky92
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June 28, 2020, 05:20:36 PM
 #30

PayPal is planning to implement crypto payment, that's not a bad news at all and we already have DeFi projects making Ethereum bullish this days.. that's two major news that can trigger bullrun soon but..... Don't make a bet on this, nothing might probably happen, actions speaks louder than words, maybe if PayPal actually get this done then, just maybe .......

Yes that's true, action speaks louder than words and until we see it coming to fruition then we can bet, even at that, there is still every tendency the market might not react to it. I always have the notion that the crypto market have a mind of its own, which is why predictions don't work. Nevertheless, I won't still fail to point out that with PayPal taking such steps, it will bring more exposure to all that pertains to crypto because it will be proving a lot of platforms wrong. On the other hand, if Defi projects duly remain good without getting saturated with worthless projects, then it will likely set in a new trend in the crypto space.

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June 28, 2020, 05:20:52 PM
 #31

PayPal is planning to implement crypto payment, that's not a bad news at all and we already have DeFi projects making Ethereum bullish this days.. that's two major news that can trigger bullrun soon but..... Don't make a bet on this, nothing might probably happen, actions speaks louder than words, maybe if PayPal actually get this done then, just maybe .......
if paypal provides new features for integration into crypto currencies, especially Bitcoin, I'm sure this is good for the future of Bitcoin, because maybe Bitcoin can become a new payment tool going forward, this is really good news

There's no news yet. This is only "rumors" spreading around that Paypal is hiring people with crypto related experience. They are most likely will try to create their own currency with the use of Blockchain. There's no news that Paypal will integrate Bitcoin or any other cryptocurrency in their system. I don't know man, we can't be hype just because of this simple rumors.
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June 28, 2020, 06:55:35 PM
 #32

PayPal is planning to implement crypto payment, that's not a bad news at all and we already have DeFi projects making Ethereum bullish this days.. that's two major news that can trigger bullrun soon but..... Don't make a bet on this, nothing might probably happen, actions speaks louder than words, maybe if PayPal actually get this done then, just maybe .......
Paypal accepting cryptos is just a rumour I guess because none of the reputed cryoto news platform mentioned about this.Crypto market is always unpredictable so be ready to face the consequences before investing.
Then you need to do research on the news, I thought it was a rumour as well until the new kept coming up over and over, through different news sources like cointelegraph 
Even in the recent article of cointelegraph they mentioned that as rumour and also said even co founder of PayPal doubt are dubious about that rumour.

Source : https://cointelegraph.com/news/paypal-crypto-rumors-rip-wirecard-telegram-settles-hodlers-digest-june-2228/amp
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June 28, 2020, 06:57:12 PM
 #33

PayPal is planning to implement crypto payment, that's not a bad news at all and we already have DeFi projects making Ethereum bullish this days.. that's two major news that can trigger bullrun soon but..... Don't make a bet on this, nothing might probably happen, actions speaks louder than words, maybe if PayPal actually get this done then, just maybe .......
if paypal provides new features for integration into crypto currencies, especially Bitcoin, I'm sure this is good for the future of Bitcoin, because maybe Bitcoin can become a new payment tool going forward, this is really good news

PayPal is a legal financial platform and if implementing crypto, I think it will have a big impact on the prices of some popular cryptos. The price of Bitcoin may break above the highest price if that happens.
but the paypal on Twitter there is still no news about this, I'm afraid that this is just a rumor, and it doesn't really happen, how?

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June 28, 2020, 07:01:35 PM
 #34

PayPal is planning to implement crypto payment, that's not a bad news at all and we already have DeFi projects making Ethereum bullish this days.. that's two major news that can trigger bullrun soon but..... Don't make a bet on this, nothing might probably happen, actions speaks louder than words, maybe if PayPal actually get this done then, just maybe .......
The current situation especially with already established tech companies is that they have realized the worth and legitima y of cryptocurrencies and they want to ride this tech revolution but at the same time due to unclear policies from govts and regulators they fear negative impact on their usual business due to crypto implementation that is why eithey they delay or cancel the crypto side for the time being untill clarity is there on the regulatory front.

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June 28, 2020, 07:07:44 PM
 #35

I haven't seen such news being confirmed to be honest.
If paypal really comes through with implementing such after the rumors I'd be very surprised. Especially given their staunch anti-crypto past.
If any such institution-friendly payment processor adopted crypto, I bet it'd be much like robinhood and eToro do it. They kind of offer buying and selling crypto, but in reality they have no option to withdraw or deposit, so it's just a simulation of trading crypto based on market prices without any real exposure, and the prices are marked up too. It's too optimistic to believe that PayPal would do any better but in reality we can only wait and see.

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June 28, 2020, 07:26:36 PM
 #36

There were so many things that were supposed to trigger a bull run this year.

One that I remember was the trend reversal and the level of 10 thousand being broken. We've reached 10400 USD and did not continue.

The second one was the halving. We're months past that and the price is lower than it was in July of last year.

Don't get your hopes high.
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June 28, 2020, 08:45:03 PM
 #37

This is a very big move if it finally happens. It will bring a large massive adoption to the crypto and bring in more adoption. This is exactly what we wanted to happen. It's a win-win for everyone.
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June 28, 2020, 08:53:41 PM
 #38

I won't bet on this either. PayPal has been known for it negligence to it customers and when integrate the cryptocurrency payment to their system won't help solve their inactions to this. There are many other defi projects that has the ability and capacity to handle this than the PayPal company. This will not give some good vibes for the cryptocurrency industry but let's wait for the implementation before draw our conclusion on them, hope they change their ways this time.

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June 28, 2020, 09:08:30 PM
 #39

PayPal is planning to implement crypto payment, that's not a bad news at all and we already have DeFi projects making Ethereum bullish this days.. that's two major news that can trigger bullrun soon but..... Don't make a bet on this, nothing might probably happen, actions speaks louder than words, maybe if PayPal actually get this done then, just maybe .......

I mean why not, if the rumor is already spreading its worth the risk since either way you'll take benefits from both outcome. If ever paypal implement such thing then it will boost the the possibility of bull run on the other hand if they didn't really implement the payment method since it already been a rumor some people will still try and benefit from it.



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June 28, 2020, 09:09:07 PM
 #40

It really would depend on how Paypal will implement and use crypto on its existing network.

More importantly, crypto is trying to avoid the middleman but Paypal is a middleman when it comes to digital transactions.

Therefore, Paypal must figure out how they'll make money out of crypto transactions while avoiding exorbitant fees to avoid alienating the crypto market in the process.

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