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Topic: BTC can reach $ 20000 after PayPal, Venmo accept payments in BTC, ETH? (Read 900 times)

sr. member
Activity: 1974
Merit: 453
Making the thread title statement true, there is good progress in the price of bitcoin and rest of the altcoins. The large companies participation had helped the entire cryptocurrency market have a boost up. Maybe if there is no large scale participation from the companies, the same growth could've taken place. I mention this based on the growth it had experienced during the first wave of covid-19 spread.

We're still $1.5K away from $20,000. But looking at the current trends, that could be achieved within the next few weeks, or even few days. The way Bitcoin behaved during the correction phase was impressive. It was such a large correction, and yet within less than a week the prices recovered. This shows that bulls are in complete control at the moment. Expect a sharp rally, once $20K is breached.
legendary
Activity: 2618
Merit: 1105
Tontogether | Save Smart & Win Big
Making the thread title statement true, there is good progress in the price of bitcoin and rest of the altcoins. The large companies participation had helped the entire cryptocurrency market have a boost up. Maybe if there is no large scale participation from the companies, the same growth could've taken place. I mention this based on the growth it had experienced during the first wave of covid-19 spread.
sr. member
Activity: 2226
Merit: 347
This time btc did a really good run. Fir last few months btc is trying to go up. And these institutional news give btc a boost. Accepting by square paypal is really a great thing. Btc and other currencies are now going to available for the mass. And btc with the whole marketcap started to push. And eventually it gives great profit to those who hold. But the most powerful push comes from us election results. I am not sure about it. But this two.incident are maybe connected at some silk.

There's no such thing about these fundamentals to be the main reason on why we did really have some rise but to presume that this do connect out Bitcoin specially with Paypal news
then we can presume that it did really give out some significant impact or some push towards the price since this is an adoption kind of event but for that
election thing then i dont see any connections with it towards the crypto market.We almost hit up the ATH but it had been rejected but well it doesnt
matter because corrections like these are common and natural.The best thing to do is to buy up cheap coins and then make out some profit
on when the market tends to recover again.
member
Activity: 1050
Merit: 10
Martian Swap - Anti Whale Measures New Yield Farmi
This time btc did a really good run. Fir last few months btc is trying to go up. And these institutional news give btc a boost. Accepting by square paypal is really a great thing. Btc and other currencies are now going to available for the mass. And btc with the whole marketcap started to push. And eventually it gives great profit to those who hold. But the most powerful push comes from us election results. I am not sure about it. But this two.incident are maybe connected at some silk.
hero member
Activity: 2632
Merit: 544
Maybe in months or year from this point we will see the effect and might bring us Great Pump that we have been waiting for almost 3 years now.
If a market recovers from $3k and quadrupled in a few months i consider it as a huge rally, no other financial asset in the world will give you that much profit in a short period of time considering when the rally started. Even if you entered the bitcoin market at a later part of the rally in 2018 and was holding it for a longer time, it is better to hold for a year further if he had the patience to hold this long it is better to wait for another year and even if you want to book your profit it is possible because the time that took to rally to its all time high valuation was a short window and i really do not think that many invested at its absolute peak.

That's why bitcoin is the best assets right now, because it has the ability to bounce back when people think that it will go down in this pandemic, and in less than a year, we stood at $16k, 5x of the last lowest low we have this because of the effect of covid-19. And we still have a full month of December, no wonder many are getting excited to the idea that we can reach $20k at the end of the year.
hero member
Activity: 1694
Merit: 541
Maybe in months or year from this point we will see the effect and might bring us Great Pump that we have been waiting for almost 3 years now.
If a market recovers from $3k and quadrupled in a few months i consider it as a huge rally, no other financial asset in the world will give you that much profit in a short period of time considering when the rally started. Even if you entered the bitcoin market at a later part of the rally in 2018 and was holding it for a longer time, it is better to hold for a year further if he had the patience to hold this long it is better to wait for another year and even if you want to book your profit it is possible because the time that took to rally to its all time high valuation was a short window and i really do not think that many invested at its absolute peak.
legendary
Activity: 2590
Merit: 3008
Welt Am Draht
I don't have high hopes for any sort of blockchain transparency, but I'm hoping they'll at least publish their specific crypto holdings in their periodic financial statements. If they want to be opaque about it, they could probably just lump everything together in fiat terms under "intangible assets" and leave everyone guessing.

I'm sure it'll be fine. However the sad thing is that perhaps 0.00001% of Paypal's customers will actually ask to see if there's any way of verifying their holdings. The rest will mindlessly pile in.
legendary
Activity: 1806
Merit: 1521
https://www.coindesk.com/paypal-removes-waitlist-for-new-crypto-service

Bitcoin and its deformed children is now available to all US Paypal accounts and the buying limit has been raised to $20,000 a week. Let's hope there's some real ones backing it.

Paxos is very by the books, and I kind of doubt Paypal got a Bitlicense just to go rogue.

I don't have high hopes for any sort of blockchain transparency, but I'm hoping they'll at least publish their specific crypto holdings in their periodic financial statements. If they want to be opaque about it, they could probably just lump everything together in fiat terms under "intangible assets" and leave everyone guessing.
legendary
Activity: 2590
Merit: 3008
Welt Am Draht
https://www.coindesk.com/paypal-removes-waitlist-for-new-crypto-service

Bitcoin and its deformed children is now available to all US Paypal accounts and the buying limit has been raised to $20,000 a week. Let's hope there's some real ones backing it.
sr. member
Activity: 2002
Merit: 314
Vave.com - Crypto Casino
Without paypal, the bitcoin price will definitely exceed $20k, if it is related to paypal it can make bitcoin prices soar high, then at least there is no stagnant movement like now. This development is related to the acceptance of bitcoin on paypal that does have a positive impact but still, this is not a guarantee for bitcoin prices to reach 20k in a short time. So that when the bitcoin price reaches that value, it will definitely happen because the season will come and not about paypal.
Adoption is a big thing so believe it or not, Paypal helps Bitcoin to rise again and many investors are getting in because of this great news, this will always bring positive in cryptomarket and hopefully to reach that level soon. More good news and the bull market will confirm, we are waiting for this kind of adoption so let’s just support this one and admit that we need those businesses to get in.
member
Activity: 1050
Merit: 10
Martian Swap - Anti Whale Measures New Yield Farmi
This is a very good time for this crypto space. This year we saw some good move from most of the token. And after paypal and twitter sponsered sqaure enter the market we saw some good move. And it's really needed that tech gaints with big reach enter this market and that's how we can reach to the mass. Plus us election also give some boost to bitcoin. Let's see in long term what the market goes. But in short or mid term range market perfrom well. That's it.
legendary
Activity: 2100
Merit: 1058
Payment processors using bitcoin as a gateaway is not something we would have expected during this incredibly high transaction fee period but it could be exactly what we want as well.

Right now, bitcoin and ethereum has huge transaction fees and that causes people to actually end up not having anything they would expect from transfers of money and there are so many people who got involved with crypto thinking it could be their way out but they didn't get involved with money, they wanted to earn and not invest, so when you start with high amount of transaction fee they are required to spend a bit which causes them to stop. With paypal and venmo and other things, they could earn without any fee and get paid which will increase the adoption of bitcoin a lot.
legendary
Activity: 3458
Merit: 1055
Leading Crypto Sports Betting & Casino Platform
Without paypal, the bitcoin price will definitely exceed $20k, if it is related to paypal it can make bitcoin prices soar high, then at least there is no stagnant movement like now. This development is related to the acceptance of bitcoin on paypal that does have a positive impact but still, this is not a guarantee for bitcoin prices to reach 20k in a short time. So that when the bitcoin price reaches that value, it will definitely happen because the season will come and not about paypal.
legendary
Activity: 1274
Merit: 1000
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?
$20,000 had been already passed years ago so if you are speculating for another hype this  must be 21,000 and up lol.
But in regards to PayPal adoption?Look at the market now,do you think that is enough to expect this Hype?
or maybe the situation is just starting the process since Cypto is New to PayPal and their users might searching and starting to learn about these market.
Maybe in months or year from this point we will see the effect and might bring us Great Pump that we have been waiting for almost 3 years now.
Maybe need sometimes to adjust the current situations. I think more about how paypal can affect other things, so paypal's influence will probably be visible when some big institutions follow it. that will make bitcoin really experience a good pump and not just because of the trend or hype
hero member
Activity: 2240
Merit: 953
Temporary forum vacation
in theory, it should be (Bitcoin up to $ 20k due to the effect of this positive news), Bitcoin is a decentralized coin (price changes occur due to the volume of demand that occurs in the market) if the Bitcoin price hasn't reached $ 20k it means the demand level hasn't "exploded".  I think we better not force Bitcoin to be at the price $ 20k, let the price move to $ 20k naturally. I think till the end of the year Bitcoin won't reach $ 20k, most likely next year (Bitcoin up to $ 20k and maybe more)..

Not necessarily,,, PayPal is only rolling it out in stages, and everyone has been capped at the moment. I think a lot of PayPal users who would like to have BTC already have it, this is just mainly targeting those who didn't feel bothered enough to go out of PayPal to get their own BTC. Still, long-term adoption effects can be expected.
sr. member
Activity: 2618
Merit: 439
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?
What i believe and saw is Bitcoin reached $20,000 even without PayPal on our side before so i believe that now Adoption from this Number 1 Payment method In america and some part of the world,Maybe we will be looking for much higher value of not only Bitcoin but all of the currencies that has been attached to this Merging .
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
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?
$20,000 had been already passed years ago so if you are speculating for another hype this  must be 21,000 and up lol.
But in regards to PayPal adoption?Look at the market now,do you think that is enough to expect this Hype?
or maybe the situation is just starting the process since Cypto is New to PayPal and their users might searching and starting to learn about these market.
Maybe in months or year from this point we will see the effect and might bring us Great Pump that we have been waiting for almost 3 years now.
full member
Activity: 1750
Merit: 118
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?
PayPal, Venmo accept payments in BTC, ETH are a positive condition but cannot help BTC reach $ 20,000. A year or perhaps a few years, the larger scale cryptocurrency payment system and the more stable world, BTC will have a new record.

the year is about the end but the price of btc are stuck at 14k usd range and the rest are dumping . it could be that theres no 20k usd that will happen this year but did they say a specific date to be able to reach that 20k usd ? no but it can be over a year or more than that to be able to achieve that high point .

stable world can be impossible because there will always be crisis and other problems that will be experience although the value of the local currency are more stable than crypto but i think that wont help
full member
Activity: 1414
Merit: 228
Omicron is another FUD
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?
in theory, it should be (Bitcoin up to $ 20k due to the effect of this positive news), Bitcoin is a decentralized coin (price changes occur due to the volume of demand that occurs in the market) if the Bitcoin price hasn't reached $ 20k it means the demand level hasn't "exploded".  I think we better not force Bitcoin to be at the price $ 20k, let the price move to $ 20k naturally. I think till the end of the year Bitcoin won't reach $ 20k, most likely next year (Bitcoin up to $ 20k and maybe more)..
hero member
Activity: 1806
Merit: 671
What type of world did we became that bitcoin was a currency that was considered a payment option and not it is a currency that payment options use as an investment.

We are finally reaching to a point where satoshi was talking about why bitcoin is important, instead of thinking bitcoin like a thing that you use for sending money, we are finally seeing it as literally money itself. Don't get me wrong that method wasn't wrong neither, I have send and received tons of bitcoin in my time calculating everything in dollar before I do it, but that doesn't change the fact that bitcoin is money itself as well, you can say "10 dollars worth of bitcoin" but you could always say "selling it for 0.0004 bitcoin" as well and this is what paypal will be helping us with as well.

Bitcoin: A Peer-to-Peer Electronic Cash System

The title of Bitcoin's whitepaper says it all, Satoshi didn't directly said Bitcoin being a replacement for other fiat currencies but rather a payment solution where there is no middleman involve for their transactions. Aside from that where Bitcoin being viewed more as a investment rather than a currency is because it is in its nature to be one, since it is volatile and there is a big change in demand you can expect the volatility to be taken advantage by a lot of traders and investors which I don't think is a bad idea. People aside from using Bitcoin as a payment has seen it as some kind of hedge for their devaluing currencies or even as a safe haven when it comes to situations similar to this.
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