BTC can reach $ 20000 after PayPal, Venmo accept payments in BTC, ETH? - page 2.

Mahanton

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Quote from: Casdinyard on November 02, 2020, 04:46:34 PM

Quote from: Anonymous100 on October 25, 2020, 04:28:45 PM

Quote from: cuongtroll113 on October 23, 2020, 06:39:52 AM

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?

The price of BTC this year is increasing slowly. This is an interesting thing. It is possible that after PayPal accepts the payment system with BTC, the price of BTC will increase, but it will not reach $ 20k. If the price of BTC rises sharply, I'm afraid that something bad will happen, which means a dump will occur.

That is indeed something to be expected. The market price will not continuously increase, and dumps are more likely to occur in its market value after a huge price increase, which is sometes referred to as corrections. Things are not yet assured if I would be asked, and that is an enough reason to not be hasty with your actions regarding your investment. Many networks are now eyeing for this technology's adoption but being a third party network will not fully affect the market since transactions will be always needing fiat convertions. So maybe, further observations are advised.

People shouldnt really be caught up too much with the hype even though the entire market is on the positive side of things in talks to fundamentals but doesnt mean that we would really be shooting up that really fast.
Yeah we did really have some price increase but look at on where the price had stopped? Paypal had already integrated Bitcoin but it isnt really enough to boost it up upto higher levels but this is much better rather than having nothing at all and if Venmo will accept then we cant tell if it can give out some significant impact or not but if several companies will do the same thing then we can expect for some in the positive side but
talking precisely on breaking that 20k ATH barrier then that would really be always a questionable thing because this would surely a very bumpy ride to start on.

Casdinyard

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Quote from: Anonymous100 on October 25, 2020, 04:28:45 PM

Quote from: cuongtroll113 on October 23, 2020, 06:39:52 AM

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?

The price of BTC this year is increasing slowly. This is an interesting thing. It is possible that after PayPal accepts the payment system with BTC, the price of BTC will increase, but it will not reach $ 20k. If the price of BTC rises sharply, I'm afraid that something bad will happen, which means a dump will occur.

That is indeed something to be expected. The market price will not continuously increase, and dumps are more likely to occur in its market value after a huge price increase, which is sometes referred to as corrections. Things are not yet assured if I would be asked, and that is an enough reason to not be hasty with your actions regarding your investment. Many networks are now eyeing for this technology's adoption but being a third party network will not fully affect the market since transactions will be always needing fiat convertions. So maybe, further observations are advised.

RealMalatesta

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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.

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Quote from: justdimin on November 01, 2020, 04:49:24 PM

Quote from: larus on October 25, 2020, 12:47:49 AM

All this covid news around the world may make the situation worse, unfortunately. However, we still have a chance for a 15k+ price

But, the price is moving nice and steady now so I believe this is because of a lot of factors and even the virus is slowing down now if the news is to be trusted so I guess the economy has started to recover for every country and investments in bitcoins are now coming in.

The paypal news has certainly helped but I am sure if not even the Paypal news we would still see a rise as we always see at the end of year and yeah the price has started to increase sooner because usually the pump starts to happen around December mid or early December. I am hopeful the next year we can see at least 16k if not the ATH and hence 20k but that said I am not going to get too hopeful because the hike in prices are usually followed by small drops as traders call them correction.

The virus isn't slowing down, everyday more new cases are getting reported than the previous day. The governments have begun to go normal without any form of restrictions as they weren't able to manage the economy. As a part governments have begun the plans of revealing data regarding corona cases with manipulation. This is why it looks like corona got slowed down.

Even at this worse situation we've been travelling good. This is the goodness of bitcoin, and the same can't be attributed with the PayPal and Venmo accepting bitcoin. Even in the past whenever there happens growth it automatically gets related with the news that rolls connecting a firm and bitcoin. From my view what we see is slow and steady growth. It could've been the impact of paypal if the price was found declining during the previous months of corona and started to grow on PayPal's decision.

justdimin

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Quote from: larus on October 25, 2020, 12:47:49 AM

All this covid news around the world may make the situation worse, unfortunately. However, we still have a chance for a 15k+ price

But, the price is moving nice and steady now so I believe this is because of a lot of factors and even the virus is slowing down now if the news is to be trusted so I guess the economy has started to recover for every country and investments in bitcoins are now coming in.

The paypal news has certainly helped but I am sure if not even the Paypal news we would still see a rise as we always see at the end of year and yeah the price has started to increase sooner because usually the pump starts to happen around December mid or early December. I am hopeful the next year we can see at least 16k if not the ATH and hence 20k but that said I am not going to get too hopeful because the hike in prices are usually followed by small drops as traders call them correction.

sgenuine

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Quote from: cuongtroll113 on October 23, 2020, 06:39:52 AM

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?

Even if it does not happen, Bitcoin has all chances to reach 20 thousand again. I think that this time, BTC can even beat its own record and touch 21-22 thousand point. Meanwhile, a part of Bitcoins I have is regularly used for trading. Naturally, the largest part is for hodling.

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Yes for last few months the market conditions was really good. The whole market is growing bit by bit
After bitmex and okex news we saw some drop but many good needed covered that gap. At this moment defi are in the hype and for that hype the investment are in stronger side. Then some big tech giants started to invest in btc and some big crypto currencies. So for these tech giants like square backed by Twitter or PayPal started to promote crypto currency and many new people come to the market. And market going strong. And bitcoin is showing some great move.

Anonymous100

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Quote from: cuongtroll113 on October 23, 2020, 06:39:52 AM

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?

The price of BTC this year is increasing slowly. This is an interesting thing. It is possible that after PayPal accepts the payment system with BTC, the price of BTC will increase, but it will not reach $ 20k. If the price of BTC rises sharply, I'm afraid that something bad will happen, which means a dump will occur.

tvplus006

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Quote from: Stavri on October 25, 2020, 07:12:32 AM

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.

Even if there was no news from PayPal right now, bitcoin will still reach the price of 20 thousand dollars. In the case of PayPal, I think it's too bad that customers can't choose their own cryptocurrency seller and can only buy it from PayPal.

bigcash2011

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Quote from: cuongtroll113 on October 23, 2020, 06:39:52 AM

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?

Technically and fundamemtally bitcoin seems ready to break the 20k mark and as it is the previous high mark i think once btc breaks this price level it will be the start of new bull cycle, i am hopeful that next bull phase will be bigger than ever as it is coming with additional positivity of adoption and compliance.

Golftech

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Quote from: Alexmagn84 on October 25, 2020, 07:10:25 AM

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.

dobol

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Quote from: goaldigger on October 24, 2020, 06:09:25 PM

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

ttcsalam

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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.

Stavri

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Quote from: cuongtroll113 on October 23, 2020, 06:39:52 AM

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.

Alexmagn84

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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.

poodle63

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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.

b1boy

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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

smyslov

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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.

larus

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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

luckyflop

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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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