Bitcoins - about to hit $5,000 per coin today!

[epic is back]

An index fund with 5k what could I possibly gain say in a year and could i lose it all?

Lose what ?

Don’t invest mike

It’s not for you

Buy some crack  rocks

Slang em

It’s more suited for you

You can make decent ROI in it

Investing ?

Not your style

Lions are not indecisive

Sheep well

You know which you are

I bid you a good day sir !!

You want quick and not long  investment?

Long = old dominion trucking company

Or amazon

3100 and that’s a small easy safe one for you

[Mayday]

Paypal lost a ton of revenue with eBay quitting them as their only funding source. If they were smart they would just make their own coin that had decent technology, they have fresh money coming in on the transaction side...seems like a no brainer...

They wanted to bring in new customers to the platform and lock them in. Easier to do with a well established coin on many global.exchanges vs create a new one where it's solely on one exchange with a miniscule customer base.

If that makes sense?

[Teutonic Knight 1]

Chinese export ?.

[Mayday]

Exactly. The fact that they are not doing it would suggest further to me that a fed reserve issued coin is imminent.

The war on(untraceable) physical cash this year is part of this whole covid control tool. Signs at stores saying they don't have that dirty, virus spreading change(sarc) was a clue.

Consumers drove the switch from cash to digital payments, not the govt. I know people love conspiracy stuff but the fact is digital payments are easier as a consumer.

Payments were 75/25 ratio of cash to digital 20yrs ago. Now they are 25/75 pre covid. Driven by consumer behaviour.

The upcoming digital central bank currency has everything to do with better management of the money supply.

Of far greater discussion is this move removes the requirement for the bond market to a large degree yet nobody says a word about that.....

[epic is back]

mayday

can you elaborate on why there is more selling on a corperate level  than buying on the  public level   and very sharply currently?

a dip in the markets  coming perhaps? to then  buy it all  back?

can you tell us what you think?

[Griffith]

They wanted to bring in new customers to the platform and lock them in. Easier to do with a well established coin on many global.exchanges vs create a new one where it's solely on one exchange with a miniscule customer base.

If that makes sense?

 

346 million active PayPal accounts worldwide, representing a 21 percent year-on-year growth.

[Mayday]

346 million active PayPal accounts worldwide, representing a 21 percent year-on-year growth.

Of which their own 'paypal bucks' would only be usable on their platform.....

You seriously don't get why that is a roadblock?

Why do you think crypto is so volatile?  Answer thst.correctly and you will hopefully understand why you made yourself look like an idiot by using the roll eyes at me.

[Mayday]

mayday

can you elaborate on why there is more selling on a corperate level  than buying on the  public level   and very sharply currently?

a dip in the markets  coming perhaps? to then  buy it all  back?

can you tell us what you think?

A good question.

The key story is lack of market penetration. To achieve a greater number of participants, you need to give new players something to buy.

Apologies if this is oversimplifying but others will read it and want to underatand (i know you will know this)..lets say we launch 'epic bucks'. We create 2M coins. You have 1M and i have 1M. We say they are worth 1 dollar each therefore market cap is 2M. How do we get it to 2 dollars each? Convince someone to buy...... but we need to also sell.....

I sell 500k Epic bucks to someone for 10c each for 50k. You sell 500k epic bucks to someone for 10c each for 50k..... ALL coins are now.worth 10c each and the new market cap is 200k, down from 2M......

Holy shit we just had a 90% crash!  But now we have 4 holders of epic bucks and an established market value. Rinse and repeat until you reach a market participant point where it either collapses because it's a POS and nobody wants it or it establishes itself as a legitimate 'thing'.


Hence why i say this will rollercoaster like  MOFO. You have guys buying 426M of BTC.... If it doubles in price he has close to a Trillion.... until he sells it..... There isn't enough buyers to soak up what he dumps so the price takes a dive. These holders dump as much as the msrket.can handle to allow it to stay alive. If he dumped all 1T we would see BTC utterly collapse. So each run, they will dump BTC into the exchanges to increase the participation rate, rinse and repeat. One holder dumps to 10,000 holders = increase in the belief system.  If you have 1T in BTC you need enough participants so you can actually sell your 1T for 1T.

The good thing about playing from my viewpoint as a bet on the money supply is i remove all the BS hype articles and focus on what behaviour i should see if something is playing as it should alongside the global currency system which is currently having Massive shifts which aren't visible in real life, nor are media talking about it.

We should see dumps by major holders. These fuckers bought for 100 bucks most likely. They aren't looking to buy back in, they are looking to get out. It's smaller players who are buying in.

Does that make sense? Damn hard to type a proper answer on a shitty samsung phone lol.

[Griffith]

Of which their own 'paypal bucks' would only be usable on their platform.....

You seriously don't get why that is a roadblock?

Why do you think crypto is so volatile?  Answer thst.correctly and you will hopefully understand why you made yourself look like an idiot by using the roll eyes at me.

 

Of which hundreds of millions of people use around the world to make payments and bank transfers.

Bitcoin is volatile because it is entirely speculative and therefore almost unusable as a form of currency. High levels of volatility of a medium of exchange or currency have extremely negative effects for any business or economy.

Hope this helps.

[Flexacon]

Paypal lost a ton of revenue with eBay quitting them as their only funding source. If they were smart they would just make their own coin that had decent technology, they have fresh money coming in on the transaction side...seems like a no brainer...

PayPal has long surpassed the lost revenue from ebay dropping them. The "cashless" pandemic has further accelerated their growth.

[Mayday]

Of which hundreds of millions of people use around the world to make payments and bank transfers.

Bitcoin is volatile because it is entirely speculative and therefore almost unusable as a form of currency. High levels of volatility of a medium of exchange or currency have extremely negative effects for any business or economy.

Hope this helps.

Well no, it doesn't help and you completely missed the point which is in your answer to volatility.

Paypal decided not.to create their own crypto. Instead they chose the most well known, globally established crypto which is still volatile as all hell yet would be waaaaay better than trying to create one from scratch which can only be used on their platform. Nobody would hold Paypal Bucks as it's volatility would make it unusable whereas people will hold BTC, that's the point.

If 'Paypal bucks' would have worked, they'd have done it.

[Griffith]

Well no, it doesn't help and you completely missed the point which is in your answer to volatility.

Paypal decided not.to create their own crypto. Instead they chose the most well known, globally established crypto which is still volatile as all hell yet would be waaaaay better than trying to create one from scratch which can only be used on their platform. Nobody would hold Paypal Bucks as it's volatility would make it unusable whereas people will hold BTC, that's the point.

If 'Paypal bucks' would have worked, they'd have done it.

You have completely missed the point, Paypal does not have a 'minuscule user base' as you stated.

To argue that a user base of 350 million with an annual growth of over 20 % is 'minuscule' is ridiculous. Completely absurd.

Paypal will not be using Bitcoin because they have 'miniscule user base' but because it is low risk on their side and an easy way to profit from it with minimal costs as opposed to creating a new crypto currency which may or may not succeed and have far more costs involved.

This is all obvious but to argue that Paypal has a 'minuscule user base' is ludicrous.

[SOMEPARTS]

PayPal has long surpassed the lost revenue from ebay dropping them. The "cashless" pandemic has further accelerated their growth.

Proof, as in actual reporting?

[SOMEPARTS]

I'm sure the Paypal crypto idea is more a regulatory/legal issue than business model issue. If I owned Paypal I would issue a crypto... Paypal started as a transaction platform and store of money for people who sold stuff on ebay. MANY people just used that as fun money to buy on eBay again, which is a better base than most which is pure speculation/ponzi.

Zelle and others trying to get in the same space as well, although I really don't know what the breakdown as far as market share goes among the various options including Google Pay and Apple Pay, etc. The space right now is mysteriously capitalistic in nature in an era of capital controls....like I said just a matter of time before the fed hammer comes down in this business.

[obsidian]

Hence why i say this will rollercoaster like  MOFO. You have guys buying 426M of BTC.... If it doubles in price he has close to a Trillion.... until he sells it..... There isn't enough buyers to soak up what he dumps so the price takes a dive.

I think you meant a billion. 1000 million = 1 billion
1000 billion = 1 trillion

[Flexacon]

Proof, as in actual reporting?

The proof is in the same place as your proof of Paypal losing a ton of revenue from eBay quitting them as their only funding source.

[epic is back]

Repeaters

Of bad disinfo

Like all the socialist nuts on here abs in this world

Repeaters of trash into

[epic is back]

Mayday

Thank you for your reply

[Mayday]

I think you meant a billion. 1000 million = 1 billion
1000 billion = 1 trillion

LOL oops, i wrote that half asleep as it was very late here.   What's a few hundred billion in an error D)

[Mayday]

This is all obvious but to argue that Paypal has a 'minuscule user base' is ludicrous.

I can't address every single gap someone wants to pick on, particularly when someone jumps in on an answer.to someone else and ignores the contextxt,. If you want to launch your own currency you would want access to 8 Billion people to allow the best chance to establish a belief system.

I'm not sure what else to say other than i think 300M is a heck of a lot smaller than 8 Billion.

Anyhoo, just chill.

[SOMEPARTS]

I can't address every single gap someone wants to pick on, particularly when someone jumps in on an answer.to someone else and ignores the contextxt,. If you want to launch your own currency you would want access to 8 Billion people to allow the best chance to establish a belief system.

I'm not sure what else to say other than i think 300M is a heck of a lot smaller than 8 Billion ?.

Anyhoo, just chill.

About 100 million BTC holding wallets exist.

https://www.bitcoinmarketjournal.com/how-many-people-use-bitcoin/

[SOMEPARTS]

The proof is in the same place as your proof of Paypal losing a ton of revenue from eBay quitting them as their only funding source.

I have actual personal experience in this subject. Obviously they aren't going out of business...they have Venmo and GoPay in China...but the Honey acquisition not sure on that one....

[gib]

I can't address every single gap someone wants to pick on...

I on the other hand can, as I decisively did with Mr Anabolic since the beginning of this thread. At some point I will summarize the "best of" that provides a summary of each of his many objections to the validity of Bitcoin's emergence as store of value.

It blows my mind that so many Getbiggers, with Bitcoin still in reach, have not yet secured some, whilst spending money on all sorts of other things that will result in zero financial value over time.

[gib]

Good morning Mr A. Here is great clip, that with quite simple to understand yet compelling explanations, addresses every single one of your objections and misconceptions about Bitcoin. This is one of the clearest overall discussions I have seen on Bitcoin for the common layman.

Watch it, and then get back to me if you still have any doubts or questions!

[TheGrinch]

When the IFM world banks do the "great reset" in 2021 and ban cash to go all digital 1 world currency................


Which current digital currency are they going to choose?