Bitcoin Price Tracking & Discussion -- 2020

**ace7550** · 11-08-20, 11:47 PM

Originally posted by MickeyMan

What are ATM limits usually?

$1,000.

**Sam Odom** · 11-09-20, 08:15 AM

Blockchain (DLT) is moving fast this morning... Good news

**BigJay** · 11-12-20, 09:00 AM

$16,076

**JAKEPEAVY21** · 11-12-20, 09:25 AM

**DISTROYA** · 11-12-20, 01:35 PM

wonder when will be the sell-off point? Gotta think its soon no? We all now what happens when it goes up so fast

**Darkside Magick** · 11-12-20, 01:39 PM

$20,000 by Dec 31 2020?

**JAKEPEAVY21** · 11-12-20, 02:32 PM

Originally posted by DISTROYA

wonder when will be the sell-off point? Gotta think its soon no? We all now what happens when it goes up so fast

I've been holding for like 4-5 years now and didn't sell enough when it hit 20k years back. This time around, i'm selling small amounts at different landmark numbers(15k, 20k, 25k). It's very hard to balance greed with common sense. It's never a bad idea to sock away some profits.

**ace7550** · 11-12-20, 02:41 PM

Originally posted by JAKEPEAVY21

I've been holding for like 4-5 years now and didn't sell enough when it hit 20k years back. This time around, i'm selling small amounts at different landmark numbers(15k, 20k, 25k). It's very hard to balance greed with common sense. It's never a bad idea to sock away some profits.

So true. I look back at 2017 and wonder how I didn't take any profits.

**JAKEPEAVY21** · 11-12-20, 02:48 PM

Originally posted by ace7550

So true. I look back at 2017 and wonder how I didn't take any profits.

During times of prosperity, you trick yourself into thinking it's never going to end. The greed of wanting more profits clouds your common sense. I don't want ever completely liquidate but selling 5-10% for example is probably not a bad idea. All that said, it was hard for me to part with some last week even though I told myself I wouldn't repeat what happened a few years ago.

**ace7550** · 11-12-20, 02:55 PM

I'm planning on selling a chunk just shy of 20k. Then hodling the rest and seeing how things play out.

**Arky** · 11-12-20, 04:38 PM

$16,155

I'm thinking it's gonna hit at least 40K this time around. That's my low, low number factoring in historical trends with some added depreciation. I've seen others - who I have a lot of respect for - throw out a lot larger numbers. So, I will probably start selling small amounts at 40K.

History says it will go up over several months and then speed up for a bit only to come crashing down again for the next bear cycle that will last 3 or 4 years. Some are saying the new low during the next bear cycle may be where we are right now - 16K to 20K. So, we'll see.

Just speculating, of course.....

**GunShard** · 11-12-20, 04:42 PM

When Bitcoin fell to it's lowest in 2018 at $4k. That's when everyone should invest in Bitcoin. Just like with stocks, if no one is talking about it then invest in it. In 2018, there was no Bitcoin talk and hype as the market was crashing that was the right time to invest. Right now there is hype. Prepare to sell in the future if the market gets too high.

**ChuckyTheGoat** · 11-12-20, 05:17 PM

Question:

*How much of this move is tied to the Halving?

Or is that impossible to say? I never got a perfect response as to whether the halving was good or bad for price. I'll be honest, I don't 100% understand the concept of mining and the associated cost.

**Arky** · 11-12-20, 05:34 PM

Originally posted by ChuckyTheGoat

Question:

*How much of this move is tied to the Halving?

Or is that impossible to say? I never got a perfect response as to whether the halving was good or bad for price. I'll be honest, I don't 100% understand the concept of mining and the associated cost.

Not really connected, IMO. The halvings in the past have been non-events. Significant, yes, but not that big a deal price-wise.

What's interesting is how they seem to occur the right in the middle - between bull run peaks. If that's the case going forward, there's still a long time to go before the next BTC all time high....

**DISTROYA** · 11-13-20, 01:49 PM

Im thinking WTF is actually buying this shit at 16k+? How much of this is just B.S. driving price up to factors we dont know/cant comprehend?

**ace7550** · 11-13-20, 01:57 PM

Originally posted by DISTROYA

Im thinking WTF is actually buying this shit at 16k+? How much of this is just B.S. driving price up to factors we dont know/cant comprehend?

I have the same kind of thoughts about the US Dollar. "How can they print a trillion of something and it still has value?"
I don't have a clear answer Distroya. FOMO is a powerful thing.

**ace7550** · 11-13-20, 02:15 PM

Just got this email from Paypal...

Buy, sell, and hold Bitcoin, Ethereum, Litecoin and Bitcoin Cash

Start with as little as $1 right in your PayPal Wallet**

Learn about crypto with articles for beginners

Discover Crypto

Get up to speed on crypto

What exactly is crypto?

Crypto is short for cryptocurrency. Many believe that crypto could one day be as commonly used as cash and credit.

It's the only financial market that runs 24/7, 365 days a year. Since all cryptos are global currencies without borders, prices change every minute of every day.

The crypto market never sleeps

Crypto for the people is here

Discover crypto at your own pace with PayPal. Start with as little as $1 with no crypto transaction fees until 2021.*

Get Started

PayPal Cash or Cash Plus account required. Terms apply.

Crypto and the power of PayPal

**raiders72001** · 11-13-20, 02:22 PM

Originally posted by DISTROYA

wonder when will be the sell-off point? Gotta think its soon no? We all now what happens when it goes up so fast

You never know but during all the bull runs there will be big drops of 20-30%, then it'll go up again. People grab some profits then start buying again.

**Ghenghis Kahn** · 11-13-20, 02:45 PM

Originally posted by DISTROYA

Im thinking WTF is actually buying this shit at 16k+? How much of this is just B.S. driving price up to factors we dont know/cant comprehend?

I bought my first Ether at ~$7. I'm buying it at $450 now. It's all relative. You don't have to buy the whole thing. People can buy $100 worth.

Paypal and other institution money coming in this year making a big difference.

**Arky** · 11-13-20, 03:48 PM

Originally posted by ace7550

Just got this email from Paypal...

Yep, they rolled it out to everyone early. You can buy, hodl and sell crypto right there in PayPal, now. Got your own crypto wallets. Can't withdraw or deposit, though. It's going to drum up interest which is not a bad thing. Just for grins I bought $20 worth of BTC last night. It's now worth $19.97....

**rm18** · 11-13-20, 03:49 PM

Originally posted by ace7550

I have the same kind of thoughts about the US Dollar. "How can they print a trillion of something and it still has value?"
I don't have a clear answer Distroya. FOMO is a powerful thing.

I think because bitcoin is not going to be infinitely produced and they think everyone will use it. But the problem is it can easily be replaced by a more efficient crypto.

**Ghenghis Kahn** · 11-13-20, 03:56 PM

I think people understand BTC will not be used to buy a cup of coffee by now. Think of it as digital gold. You will be able to buy a house with it and pay a transaction fee of $5 for example.

**ace7550** · 11-13-20, 04:43 PM

Originally posted by rm18

I think because bitcoin is not going to be infinitely produced and they think everyone will use it. But the problem is it can easily be replaced by a more efficient crypto.

I thought this was going to happen in 2017. I was surprised it didn't happen. BTC seems to be stronger than ever. Being first to market is huge with any ground breaking invention.

**floki** · 11-13-20, 08:40 PM

bitcoin 2021 ==> The Mother of All Bull Markets.

**Yulia74** · 11-13-20, 08:44 PM

Originally posted by floki

bitcoin 2021 ==> The Mother of All Bull Markets.

institutions fomo

**hotcross** · 11-13-20, 08:53 PM

Originally posted by Arky

Yep, they rolled it out to everyone early. You can buy, hodl and sell crypto right there in PayPal, now. Got your own crypto wallets. Can't withdraw or deposit, though. It's going to drum up interest which is not a bad thing. Just for grins I bought $20 worth of BTC last night. It's now worth $19.97....

the PayPal crypto offering sounds more like a proxy for crypto. You cannot withdraw/deposit/send.... and on top of that do you own the Private Keys?

So people can buy "Bitcoin" there and other "Cryptocurrencies" but if you can only buy, hold, and sell back to PayPal (convert back to USD).... then it's not real crypto

Surely it will still mirror the market prices, but that doesn't mean anything as for being genuine crypto ownership

**Arky** · 11-14-20, 06:20 AM

Originally posted by hotcross

the PayPal crypto offering sounds more like a proxy for crypto. You cannot withdraw/deposit/send.... and on top of that do you own the Private Keys?

So people can buy "Bitcoin" there and other "Cryptocurrencies" but if you can only buy, hold, and sell back to PayPal (convert back to USD).... then it's not real crypto

Surely it will still mirror the market prices, but that doesn't mean anything as for being genuine crypto ownership

A little critical, aren't ya?

Eh, some good, some bad. Someone new to crypto might make a purchase and make a little money while hodling. This might lead to going a little deeper into crypto with real exchanges and good wallets. I think it's good for crypto adoption. I think most people trust PayPal as a custodian....

They might be rolling this out in stages. Withdraws and Deposits could be on the way....who knows?

**LongBall52** · 11-14-20, 07:14 AM

Originally posted by Arky

A little critical, aren't ya?

Eh, some good, some bad. Someone new to crypto might make a purchase and make a little money while hodling. This might lead to going a little deeper into crypto with real exchanges and good wallets. I think it's good for crypto adoption. I think most people trust PayPal as a custodian....

They might be rolling this out in stages. Withdraws and Deposits could be on the way....who knows?

PayPal is the master of making something simple into something complex. Long ago they were simple and good.

**StackinGreen** · 11-14-20, 10:11 AM

Originally posted by ace7550

I thought this was going to happen in 2017. I was surprised it didn't happen. BTC seems to be stronger than ever. Being first to market is huge with any ground breaking invention.

You can't overcome the original idea if it is a solid idea that is anonymously created (not started by IPO etc) - it already beat everyone to the punch and has inherent trust. What's more, if you claim crypto X will beat it, why wouldn't that crypto be outdone afterwards? It's a philosophical proof that the concept is broke = BTC is here to stay as the main squeeze.

Originally posted by floki

bitcoin 2021 ==> The Mother of All Bull Markets.

Yes indeed, floki.

**ChuckyTheGoat** · 11-14-20, 10:50 AM

Originally posted by Yulia74

institutions fomo

FOMO. How many layers can there be?

Some pull back toward $16k here. Which direction will next move be?

Down to $14k would be no surprise. We're getting into un-charted territory.

**ChuckyTheGoat** · 11-14-20, 10:51 AM

Stackin, how u doin? Still dominating ALL markets?

**StackinGreen** · 11-14-20, 11:46 AM

I would love to see 14k again. Please please please. Yes Chuckster

**hotcross** · 11-14-20, 02:11 PM

Originally posted by hotcross

the PayPal crypto offering sounds more like a proxy for crypto. You cannot withdraw/deposit/send.... and on top of that do you own the Private Keys?

So people can buy "Bitcoin" there and other "Cryptocurrencies" but if you can only buy, hold, and sell back to PayPal (convert back to USD).... then it's not real crypto

Surely it will still mirror the market prices, but that doesn't mean anything as for being genuine crypto ownership

Originally posted by Arky

A little critical, aren't ya?

....They might be rolling this out in stages. Withdraws and Deposits could be on the way....who knows?

Originally posted by LongBall52

PayPal is the master of making something simple into something complex. Long ago they were simple and good.

I posted the way I see it regarding PayPal. Wanted to hear feedback / opposing views. I could be wrong?

Good point maybe they have withdrawal capability in the future.... it just didn't seem like it's gonna be the case.

I doubt PayPal even owns any Bitcoin. What that means, for all the customers who buy Bitcoin from PayPal, the way it should work is PayPal owns and holds an equal amount of actual Bitcoin, being the actual custodian.. I doubt that is happening.... does anybody have info / link that says otherwise?

**StackinGreen** · 11-14-20, 08:13 PM

Dalio lol

Roubini lol

Fade

**Bsims** · 11-15-20, 11:06 PM

Originally posted by hotcross

I doubt PayPal even owns any Bitcoin. What that means, for all the customers who buy Bitcoin from PayPal, the way it should work is PayPal owns and holds an equal amount of actual Bitcoin, being the actual custodian.. I doubt that is happening.... does anybody have info / link that says otherwise?

I don't believe PayPal would take the business risk of making this offer and not back it up without holding real BTCs. It would be too much of a business risk. Should the price of BTC move up significantly, they could have major losses in their liability to the customers who used this option. They would either have to eat the loss, or stiff their customers. Neither would be a good option.

Or they could simply be betting that the price of BTC would fall. I doubt that this type of gambling is in their business model.

Finally, any decent auditing firm would catch this deception.