Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6918. (Read 26711605 times)

No what about Drunk Uncle

https://www.youtube.com/watch?v=PuduYMzY3Dc

Observing lots of interesting chit chat involving Granny and PayPal.
This is all well and good but what about cousin Mel?....

when CLIMAX? 

maybe you won't hear it. steady rise and panic sell. but not now later then. 10x price later.

Urgh, so bored of these $1000 per day rises.

When $1000 per hour rises?

I'd rather think there is a KYC/AML angle to it. Right now banks and credit card companies do all the KYC stuff for Paypal's on- and off-ramps. If you deposit or withdraw BTC they would need to do that on their own. I believe they will be completely happy to take their exorbitant fees once you use or sell your crypto again.

Still it's awesome news for BTC-exposure and -adoption and obviously price appreciation as they have to buy the BTC they sell at least to a certain degree if they do not want to be burnt in this bull cycle.

Personally I won't touch PP ever again, not even with a long rusty fork, I even would go so far to say they deserve the proverbial rusty pipe shoved up their greedy backdoor for quite a few good reasons.

$13k or €11K 

Grannies are buying again

Exactly my point.

I imagine they're concerned with fraudulent withdrawals. Fraudulent fiat withdrawals can be reversed. Not so with bitcoin.

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

IMHO, buying Bitcoin via PayPal is still HoDLing.

-- Grannies/newbies/skeptics/conservatives/whoever, buy Bitcoin via PayPal.
-- They feel good that there is a big player safeguarding their coins.
-- They spend time educating themselves on Bitcoin tech and security matters.
-- While doing the above, they enjoy the big profits when Bitcoin mega-pumps after the 2020 Halving.
-- At some point, they feel they are ready to take true possession of their coins.
-- They gradually convert their coins to fiat and withdraw from PayPal.
-- They deposit said fiat to an exchange of their choice, convert to Bitcoin and withdraw to their own wallets.
-- Their keys, their Bitcoin!

So, something that many people would not do directly, they may now be willing to do via PayPal. I don't see this as bad.

In any case, Bitcoin is out, for anyone and everyone to use, abuse, attempt to destroy, or whatever. The algorithm is there, it's out in the wild. There is no point in preventing or forbidding anyone to do anything with it. That would be against Bitcoin ethics anyway. The big test for Bitcoin is whether it can survive if PayPal, Wall Street, and whoever else, do anything they please with it.

Bitcoin doesn't need some higher power protecting it from bad guys. Its algorithm and its design are its protection.

https://www.youtube.com/watch?v=iF5NW94K51A

I only objected to your choice of gif there.

---

Bulls™ don't constantly ask "what's happening", "what's the news", "Masterluc this-that" and "sub $2k".

ppBTC now being listed on dark markets   0.8 to wBTC  

calling new improved Mark Karpeles reboot to head up Paypal BTC division



... it's actually a good thing, bitcoin could ruin paypal and if there's one bad implementation of legacy finance on the internet it is the abomination called paypal, that musk shat out when he didn't know any better.

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? The ppB? )

What?

I think you're mistaking me for someone else. I've been a bull since day 1

Yup, saw 'listed company' and (wrongly at first) assumed it was a biggie, but no surprises it's less of a story.

That said there are a few massive companies, lost of middling ones and shitloads of little ones.   This market was built on minnows, now it will grow large enough for big fish, maybe even huge ones with cash piles larger than small countries.  There are some huge treasure chests out there all in fiat...

Wisdom.