Quote from: exstasie on October 23, 2020, 07:12:38 PM

Quote from: eddie13 on October 22, 2020, 05:25:17 PM

Surely may cause a bunch of buying-up of Bitcoins in any case.. It could hardly cause more sell-pressure..

Well, they (or Paxos) need to source all the BTC from somewhere. They might be using Robinhood's model, where they act as a market maker on various exchanges. When customers buy, they buy. Even if it's all sourced OTC, it should definitely provide some net bullish pressure on the market, especially at the get go when customers have a zero balance and thus have no BTC to sell. They can only buy.

Quote from: eddie13 on October 22, 2020, 05:25:17 PM

If it is causing this pump, I don't know, but it seems so..

Definitely feels like a news pump. Whether that extends into a yearly breakout above the June 2019 highs remains to be seen. It's curious that BTC has diverged from stocks for the last several days. Not sure how long that's going to last.

Quote from: philipma1957 on October 23, 2020, 06:40:07 PM

Now as an update I purchased more. You can see I fill my PayPal account with 50.00+51.32 = 101.32 with rebates from retailmenot.com
I then used 61.32 to make 3 purchases I have 40 usd in PayPal and 61.72 in btc a very small uptick in btc since I purchased

as I am worth 101.72 up from 101.32

How much are they are taking in fees? Can't tell from the screenshots.

I am watching jimmy fallon.

but they did mention the amounts.