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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6917. (Read 26711650 times)

legendary
Activity: 3388
Merit: 3514
born once atheist
All this talk about grannies .....


To all those bitcoiners who will see grannie at the Thanksgiving table (or maybe cousin Mel or
even drunk Uncle Norm)
DO be subtle. No checking the ticker on your fondle slab every 30 seconds. 5 minutes is acceptable
seeing how everyone else will be swiping, texting and/or twitting so no one will notice anyway.
DON’T be bitcoin blabbing. No one is interested in that crazy shit especially if it doesn’t involve
Instagrams or a cat face.
IF anyone does actually ask you about it out of the blue,(apparently Cousin Mel may have heard that you
invested in that “crazy internet ponzi thingie”) keep answer short and sweet then
deflect....for example... “ oh yeah, I bought some a few years ago just for a laugh, don’t pay
much attention to it these days tbh....say, how’s Martha and the kids? Does Wanda still see
that crazy boyfriend of hers? ha ha ha! ......”

You know... that sort of thing....
hero member
Activity: 824
Merit: 712
Does anyone know if PP will let merchants accept BTC?

This could be a game changer, we could be pricing goods and services in BTC.
It's easily implemented as PP already accepts foreign currencies (EUR/USD/GBP etc) and BTC would be just another currency.

No, they won't.

I can't access my paypal at the moment so I would like to make a few questions about the bitcoin's adoption.

Do they allow you to send your bitcoins to any address you want? Or they simply keep your bitcoins but they say you own them?
Also, is there any new tax about cryptocurrencies?

Any small fee? There must be something.

Last one, from what exchange do they calculate the price? Do they write such thing?

Read the last couple of pages of the thread.
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
I can't access my paypal at the moment so I would like to make a few questions about the bitcoin's adoption.

Do they allow you to send your bitcoins to any address you want? Or they simply keep your bitcoins but they say you own them?
Also, is there any new tax about cryptocurrencies?

Any small fee? There must be something.

Last one, from what exchange do they calculate the price? Do they write such thing?
newbie
Activity: 5
Merit: 2
Does anyone know if PP will let merchants accept BTC?

This could be a game changer, we could be pricing goods and services in BTC.
It's easily implemented as PP already accepts foreign currencies (EUR/USD/GBP etc) and BTC would be just another currency.
legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
Good morning Bitcoinland.

Still hanging on to most of yesterday's excellent gains... currently $12924USD/$17006CAD (Bitcoinaverage).

How long will the battle for $13k last?

Go Bitcoin go.

I say we leave the grannies out of this and just buy them a nice present when it's all over.  You cant go wrong with a cardigan for the elderly - anywhere in the world and any time of year. 

WTF are you talking about?

You don't give cardigans to grannies. They give them to you.  Cool
legendary
Activity: 3990
Merit: 4597
Does paypal really buying bitcoin, if a paypal user buying (paypal) bitcoin or is the paypal-bitcoin just on the paper?

(Or is it just another shittoken? Cheesy The ppB? )

Most likely they are buying real bitcoin. They are teaming up with Paxos Trust Company to hold the assets.

Do you have that in writing? FAQ or so?

Want to know this too.... Its pretty important!

https://www.paypal.com/us/smarthelp/article/cryptocurrency-on-paypal-faq-faq4398

Yes they are buying real BTC and they are using Paxos to do so. They are making money on the spread. I doubt they are taking possession of the coins. They are just facilitating the buying and selling and making 0.5% on each buy or sell. Paxos is holding the coins and is regulated so they are not going to do fractional reserve.

All this talk about fractional reserve is just FUD.

it is actually even worse than I first thought: Paypal will have a database entry of Paxos database entry.
Nobody holds any bitcoin. Paxos could always say that they have futures contracts representing such bitcoin.
In this situation you could have fractional reserve OF the fractional reserve. A double whammy.
Partake if you wish, but don't count on this to increase the price of bitcoin.

hero member
Activity: 824
Merit: 712
Miss out on those massive gains in Big Tech? Here’s your chance to catch up, says billionaire Paul Tudor Jones

https://www.marketwatch.com/story/miss-the-boat-on-big-tech-this-hedge-fund-billionaire-has-the-answer-11603377643

hero member
Activity: 824
Merit: 712
Quote
However, PayPal will charge a spread (or margin) between the market price we receive from our trading service provider (Paxos) and the exchange rate between US dollars and the Crypto asset displayed to the user. You'll see the final exchange rate before confirming any purchase or sale of Crypto.
https://www.paypal.com/us/smarthelp/article/cryptocurrency-on-paypal-faq-faq4398

That doesn't sound like paypal (Paxos) really buying bitcoin  Huh

It does to me. These are not scam companies. Take off the tinfoil hat. There is plenty of money for them to make on a 0.5% spread. There is no reason to take any additional risk by lying and then scrambling to pay people when BTC goes 10x.

This is just common sense. If they were a Chinese exchange, you might have a point, but we are talking about two US regulated companies with a partnership.
legendary
Activity: 2688
Merit: 2229
https://t1p.de/6ghrf
Does paypal really buying bitcoin, if a paypal user buying (paypal) bitcoin or is the paypal-bitcoin just on the paper?

(Or is it just another shittoken? Cheesy The ppB? )

Most likely they are buying real bitcoin. They are teaming up with Paxos Trust Company to hold the assets.

Do you have that in writing? FAQ or so?

Want to know this too.... Its pretty important!

https://www.paypal.com/us/smarthelp/article/cryptocurrency-on-paypal-faq-faq4398

Yes they are buying real BTC and they are using Paxos to do so. They are making money on the spread. I doubt they are taking possession of the coins. They are just facilitating the buying and selling and making 0.5% on each buy or sell. Paxos is holding the coins and is regulated so they are not going to do fractional reserve.

All this talk about fractional reserve is just FUD.

Do you mean this?

Quote
However, PayPal will charge a spread (or margin) between the market price we receive from our trading service provider (Paxos) and the exchange rate between US dollars and the Crypto asset displayed to the user. You'll see the final exchange rate before confirming any purchase or sale of Crypto.
https://www.paypal.com/us/smarthelp/article/cryptocurrency-on-paypal-faq-faq4398

That doesn't sound like paypal (Paxos) really buying bitcoin  Huh
legendary
Activity: 938
Merit: 2540
<>
Gemini exec to join Bitstamp crypto exchange as new CEO

Quote
Bitstamp is replacing its CEO for the first time since the company’s establishment.
https://cointelegraph.com/news/gemini-exec-to-join-bitstamp-crypto-exchange-as-new-ceo

https://twitter.com/Bitstamp/status/1319264454715056129
hero member
Activity: 824
Merit: 712
Does paypal really buying bitcoin, if a paypal user buying (paypal) bitcoin or is the paypal-bitcoin just on the paper?

(Or is it just another shittoken? Cheesy The ppB? )

Most likely they are buying real bitcoin. They are teaming up with Paxos Trust Company to hold the assets.

Do you have that in writing? FAQ or so?

Want to know this too.... Its pretty important!

https://www.paypal.com/us/smarthelp/article/cryptocurrency-on-paypal-faq-faq4398

Yes they are buying real BTC and they are using Paxos to do so. They are making money on the spread. I doubt they are taking possession of the coins. They are just facilitating the buying and selling and making 0.5% on each buy or sell. Paxos is holding the coins and is regulated so they are not going to do fractional reserve.

All this talk about fractional reserve is just FUD.
legendary
Activity: 2380
Merit: 17063
Fully fledged Merit Cycler - Golden Feather 22-23
Just remember that Bitcoin is already the best money for a few hundreds millions of people on planet Earth:

Quote
Countries where #Bitcoin


 has hit a new ATH in their local currency:

Brazil - pop. 209million
Turkey - pop. 82m
Argentina - pop. 44.5m
Sudan - pop. 41m
Angola - pop. 30m
Venezuala - pop. 29m
Zambia - pop. 17m

Soon:

Russia
Colombia

... then all other fiat currencies
https://twitter.com/alistairmilne/status/1319170878765211648?s=20

We see it everyday: BTCUSD going up is actually fiat money going down.



full member
Activity: 312
Merit: 111
Does paypal really buying bitcoin, if a paypal user buying (paypal) bitcoin or is the paypal-bitcoin just on the paper?

(Or is it just another shittoken? Cheesy The ppB? )

Most likely they are buying real bitcoin. They are teaming up with Paxos Trust Company to hold the assets.

Do you have that in writing? FAQ or so?

Want to know this too.... Its pretty important!
legendary
Activity: 938
Merit: 2540
<>
Optimistic to see the good news this week and to see BTC at this price, I personally have the feeling that the rocket is going to the moon with my friends and I have been left out, fuck this is bullshit.
But, I am happy for all of you.
legendary
Activity: 2688
Merit: 2229
https://t1p.de/6ghrf
Does paypal really buying bitcoin, if a paypal user buying (paypal) bitcoin or is the paypal-bitcoin just on the paper?

(Or is it just another shittoken? Cheesy The ppB? )

Most likely they are buying real bitcoin. They are teaming up with Paxos Trust Company to hold the assets.

Do you have that in writing? FAQ or so?
legendary
Activity: 3668
Merit: 6382
Looking for campaign manager? Contact icopress!
Not because I like PayPal but to show people that don't have a viable way into BTC a way into BTC.

Hats off for that. I'll watch that thread (at least for a while) to see how it goes.
legendary
Activity: 4354
Merit: 9201
'The right to privacy matters'
All this talk about grannies is making me sad on at least two levels.  Both of my grannies passed away well before the idea of Bitcoin was conceived (there are two levels in there).  Even if they were still alive, I would never have subjected them to the Bitcoin hell that is hodler; it was stressful enough for them to adapt to the remote control TV and cable box and I never could get them to ditch the cheque book for a debit card. 
 I say we leave the grannies out of this and just buy them a nice present when it's all over.  You cant go wrong with a cardigan for the elderly - anywhere in the world and any time of year. 


Yeah my grandmothers died in 1987 and 1963

I am old enough to be a grand father (63)

I think a lot of BTC purist people don't see the world for what it is.
They see it for what they want it to be.

Myself I will put my rebate money earned on retailmenot into my PayPal cash balance and buy btc with it.

Not because I like PayPal but to show people that don't have a viable way into BTC a way into BTC.

and as for the purist of btc they can have all their btc in wallets they own with stainless steel backups etc.
legendary
Activity: 3808
Merit: 7912
All this talk about grannies is making me sad on at least two levels.  Both of my grannies passed away well before the idea of Bitcoin was conceived (there are two levels in there).  Even if they were still alive, I would never have subjected them to the Bitcoin hell that is hodler; it was stressful enough for them to adapt to the remote control TV and cable box and I never could get them to ditch the cheque book for a debit card. 
 I say we leave the grannies out of this and just buy them a nice present when it's all over.  You cant go wrong with a cardigan for the elderly - anywhere in the world and any time of year. 
full member
Activity: 312
Merit: 111
2 important questions....

1. Does PayPal need to back the balance 1:1 by real bitcoin?

2. If yes, where he buy the coins? Which exchange?

Anyone know this?

Otherwise it's the biggest scam ever....
legendary
Activity: 3234
Merit: 5637
Blackjack.fun-Free Raffle-Join&Win $50🎲
The idea that everyone who owns a BTC should be their own bank is basically correct, but let's be honest and admit that most are not ready for that responsibility (for now), and that those who will temporarily bridge the gap between a classic bank and an idea be your own bank just one way or another helping Bitcoin become available to an increasing number of people.

I've had PP for years, I've never had a problem with them - all I had to do to verify the account was add my bank card - and I think it's a lot easier than going through verification on one of the crypto exchanges. So PP will really allow hundreds of millions of users to buy and sell BTC, and use it to pay in all places where PP is available(with conversion to fiat of course), and that's a really big deal, in my opinion much bigger than BTC futures and things like that.

After all, banks in the EU (Germany) and the US have been given permission to buy, sell and store crypto, funds like Grayscale are buying huge amounts of BTC, and companies are transferring their fiat reserves to BTC. If anyone has dreamed of a real adaptation, this is just proof that it is really happening - but this is just the beginning - in few years no one will ask if you have a BTC for sale, but if you have a few thousand satoshi Cheesy
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