calandra78
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October 24, 2020, 04:17:36 PM |
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Following PayPal information, Venmo allows payment of its services in BTC, ETH and a few other tokens, the price of BTC has increased sharply, sometimes surpassing $ 13,000 and is still holding at $ 12900. But why is the market reacting so positively? BTC can reach $ 20000 after PayPal, Venmo accept payments in BTC, ETH?
I think this increase is just the beginning, mass adoption has already occurred, and it is likely that big companies will arrive on blockchain, and of course institutions, we have entered the bullish season, because 3 years of being bearish is a long time, remember circles!, there are times to be bearish and there are times to be bullish. $ 20000? I am sure it will be achieved. if some big company enters crypto then of course these beginnings will be even better. This trend will continue and breaking all the predictions we make is no big deal when market support becomes very strong. |
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bobyhodob
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October 24, 2020, 04:26:47 PM |
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Yes, there has a huge chance of it and already we have seen something are changing. So it is not so hard to guess what is next. Because investors are coming which is a green signal for those who already hold BTC. I am optimistic if it works continuously then BTC can be reached at $20k or more. When BTC will be $20k then we can expect Eth at $800-$1200 range. Waiting to see the next blast from BTC.
not only a possibility but a certain belief that the price of bitcoin, ethereum and several other cryptocurrencies will increase in price because there is good news circulating and it will be easier to buy cryptocurrency, so buy cryptocurrency before it's too late. |
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ZEIIMAN
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October 24, 2020, 04:27:32 PM |
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This news should not give any growth at all. Here is a clipping from their FAQ: "Can I transfer cryptocurrency to PayPal and back? Currently, you can only store the cryptocurrency that you buy from PayPal in Your account. In addition, the cryptocurrency in your account cannot be transferred to other accounts in PayPal or outside of It. Can I use my cryptocurrency balance as a source of funds for my purchases? No, not now. Will I get a private key from the cryptocurrency I buy on PayPal? You own a cryptocurrency that you buy on PayPal, but you will not be provided with a private key. In case you're wondering, a private key is a person's secret code for accessing and managing their cryptocurrency. If they are lost, stolen, or even forgotten, they will never be able to get their cryptocurrency back, which is quite risky in itself. If you can log in to your PayPal account, you will have access to the rest of the cryptocurrency that you have. " in fact, PayPal released wrappers tied to the crypt rate to cut hamster If PayPal did allow bitcoin withdrawals and every user wanted to do so, it would take more than 1 year of equivalent free space in the Bitcoin blockchain to process these transactions.  |
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disconnectme
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October 24, 2020, 08:28:37 PM |
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I believe it is just a matter of time before BTC hit the ATH again, the paypal news might accelerate it. I personally I am not buzz on the paypal news because of the past history of paypal and if they decided to lock people's BTC what are you going to do. In the next 3 months we are seeing BTC at $20k just be prepared for the coming mini rally to ATH
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seleme
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Duelbits.com
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October 24, 2020, 08:31:56 PM
Last edit: October 26, 2020, 11:11:33 PM by seleme |
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After the Paypal news, the market has been priced with the latest updates in short term charts. For the long term price action, catching the 16000 will boos the BTC up to $20000. Unless something bad happens, there is a good reason to believe the BTC will hit $20000. Now the price is dancing around $13000 and it breaks the stops of both sides: buyers and sellers. The demand will grow if the other companies wanna join the PayPal network or go to use the advantages of the Blockchain network for their business model.
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Traderbtcc
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★Bitvest.io★ Play Plinko or Invest!
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October 24, 2020, 09:32:04 PM |
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But why is the market reacting so positively?
Well, mate that's how the crypto market works, good news makes people fomo and buy more while bad news makes makes people to panick and sell, for traders they know goodnews will definitely make the price to pump so they will buy more and vice versa when it's a bad news, but for others it's fomo. BTC can reach $ 20000 after PayPal, Venmo accept payments in BTC, ETH?
I feel like it stands a greater chance to beat it ATH this time around with more adoption taking place,it seems like the $20,000 might be achievable by early next year, bitcoin is becoming stronger as the days go by, the other day I saw some people celebrating about 80days+ without dropping below $10,000 mark price the last time these happened its so 2017 and it was about 62days above $10,000. |
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kingzpro
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DIFX - Digital Finacial Exchange
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October 24, 2020, 10:52:19 PM |
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Following PayPal information, Venmo allows payment of its services in BTC, ETH and a few other tokens, the price of BTC has increased sharply, sometimes surpassing $ 13,000 and is still holding at $ 12900. But why is the market reacting so positively? BTC can reach $ 20000 after PayPal, Venmo accept payments in BTC, ETH?
This is just a micro event my dear friend just keep hodling your top coins as big bullish wave is about to start which will take prices much higher and new high prices will be here but you have to be patient and hold for around a year atleast, it can tale more or less time but it is coming amd i am really excited about the bulls that will dominate the market soon. |
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erikoy
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October 24, 2020, 10:58:43 PM |
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Yes all are possible and we know that bitcoin had gone ATH to almost 20k and this time it may be possible to get another bull run or a breaking record for bitcoin market.
This is all the people holding btc wanting for and we have a chance already that it can go happen by introducing bitcoin to its consumers like paypal doing it.
Hopefully, if there are other platform that will follow paypal then we can expect a sure bull run like if Amazon? Bull run is on the way!
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goaldigger
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October 24, 2020, 11:09:25 PM |
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We heard that good news and we finally reach the level of $13k which I hope that bitcoin will sustain its momentum until the end of the year so we finally see $20k mark again. Maybe, after the US election or the revelation of winners next year, cryptomarket will soar higher as many expects this one to happen. More good news to come and hold more to enjoy the future pump with Bitcoin, its about to recover big time.
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celot
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October 25, 2020, 04:27:49 AM |
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PayPal is most large project currency in the world and have been legal around country to the world absolutely have million member right now, when PayPal accepted for buying cryptocurrency using their fund will give easy access to PayPal member to invest in bitcoin and altcoin. Now have many countries not allowed for investing in bitcoin or altcoin exactly in United State, after PayPal allowed for buying bitcoin and altcoin using PayPal balance will have many investor from United State to buy bitcoin with PayPal way. I think most easy for bitcoin reach higher price above $20000 and right now have touch more than$13000, just waiting while to see bitcoin really break to higher price and give more good news to the world how bitcoin become friendly currency payment.
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luckyflop
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October 25, 2020, 05:21:28 AM |
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Only in a few days bitcoin has passed the 12k resistance and now trading around 13300$, It seems like PaPal news was good enough to change the 12k resistance into 12k support, and as more people use it the more volume and new money comes to the market,
Based on fib. proportions, our next immediate resistance is sitting at $13520.
This level coincides with the June 2019 peak at $13764.
This price range of $13520 and $13764 becomes the 'LAST BARRIER' for additional and strong bullish action for Bitcoin .
Bitcoin managed to break the February and August highs, coupled with higher lows...
All the bearish bias has been removed, if the 'last barrier' is taken out, we can see a massive jump. hopefully, 20k is not so far ... |
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larus
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October 25, 2020, 05:47:49 AM |
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All this covid news around the world may make the situation worse, unfortunately. However, we still have a chance for a 15k+ price
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smyslov
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October 25, 2020, 06:19:22 AM |
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The news Paypal accepting Bitcoin indeed making the price of Bitcoin soar to $ 13k, but I believe this is a start where Crypto prices will return to a Bullish trend. Many people also say that a year after Halving the Crypto price will be in a Bullish trend, and 2021 will be the year of the bullish crypto trend. I believe it.
There's a possibility that it will go to $14000 because people are starting to buy, we will know within a week because people are still waiting for their money to arrive coming from their trading from salary and profit from other ventures, I am very bullish on the $18000 level because the momentum is high, so who's with me that it will hit $18000. |
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b1boy
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October 25, 2020, 10:10:37 AM |
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I think is good news for Paypal and Venmo accepting crypto currency as an option payment which we can see it’s helping with Increase in price and would probably hit $14,000 but i dont think this news would make bitcoin reach $20,000 because you know it has already hit that before and would sure do again not just now with the whole US election coming up
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poodle63
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October 25, 2020, 10:29:09 AM |
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Definitely possible but I don't think that $20k mark is gonna happen soon. I mean yeah the whole crypto right now is recognized by paypal but it's a private company. wait until some government realize the benefit of crypto if implemented within the government which ofcourse undergo some modification then our crypto might be considered more worth. but crypto is already considered as an instrument of investment by many so there's always big possibility.
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Alexmagn84
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October 25, 2020, 12:10:25 PM |
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Speculators are joining the fleeting trend after the Paypal news and made the value comes to $12k+ in about what 4 days? That is extremely intriguing and everybody is exceptionally glad to see that cost in bitcoin in light of the fact that numerous altcoins additionally followed the cost uncommonly the main 15 coins. The market will be exchange and purchasing coins promptly accessible to more individuals, 20K is closer.
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Stavri
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October 25, 2020, 12:12:32 PM |
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Following PayPal information, Venmo allows payment of its services in BTC, ETH and a few other tokens, the price of BTC has increased sharply, sometimes surpassing $ 13,000 and is still holding at $ 12900. But why is the market reacting so positively? BTC can reach $ 20000 after PayPal, Venmo accept payments in BTC, ETH?
For sure, btc is going to reach over 20k usd in midterm. It is something expected. And it is also good news that paypal is accepting bitcoin as a payment method. So bitcoin is going to be more popular now. |
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ttcsalam
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October 25, 2020, 03:18:37 PM |
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It will be a great opportunity if it succeeds.However, it is expected that if this is the case, BTC will be pumped.I think it will bring us a lot of benefits.However, I think it is a matter of time when going to BTC $2000.
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dobol
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October 25, 2020, 03:22:39 PM
Last edit: September 29, 2022, 11:56:25 PM by dobol |
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We heard that good news and we finally reach the level of $13k which I hope that bitcoin will sustain its momentum until the end of the year so we finally see $20k mark again. Maybe, after the US election or the revelation of winners next year, cryptomarket will soar higher as many expects this one to happen. More good news to come and hold more to enjoy the future pump with Bitcoin, its about to recover big time.
The news Paypal accepting Bitcoin indeed making the price of Bitcoin soar to $ 13k, but I believe this is a start where Crypto prices will return to a Bullish trend. Many people also say that a year after Halving the Crypto price will be in a Bullish trend, and 2021 will be the year of the bullish crypto trend. I believe it. I think bitcoin can reach $20k in this year (around december) just like back then in 2017. and there will be more to come, and like you said, i think this is different from 2018 when the trend is down, but the 2021 will be up |
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Golftech
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October 25, 2020, 03:27:32 PM |
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Speculators are joining the fleeting trend after the Paypal news and made the value comes to $12k+ in about what 4 days? That is extremely intriguing and everybody is exceptionally glad to see that cost in bitcoin in light of the fact that numerous altcoins additionally followed the cost uncommonly the main 15 coins. The market will be exchange and purchasing coins promptly accessible to more individuals, 20K is closer.
With how the market moves after this good news, for sure it will bring more investment to this industry. more on positive side of this PayPal journey. The more news about this acceptance the more people be aware about bitcoin, it will create domino effects for sure, expect more from investors to hype up,. Bitcoin is closer to a much better value before this year end, closer to the last ATH as it is. |
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