Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
IMHO, I see BTC being a bit over or around $20k at the end of 2021.
..if the 100k in 2021 comes to pass I'll take the fall on this post then)
..if the 100k in 2021 comes to pass I'll take the fall on this post then)
Price 14 months from now will most likely be somewhere in between those two numbers. Very hard to be less then $20k and also very hard to be more then $100k, since final push usually happen in month or less. Chances to be between those two numbers is probably over 90%.
Does paypal really buying bitcoin, if a paypal user buying (paypal) bitcoin or is the paypal-bitcoin just on the paper?
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.
I also agree they will buy all Bitcoin people will pay them for on paypal platform. They would be very dumb not doing it. Since the moment Bitcoin would go x10. And people would lets say spend a billion to buy "Bitcoin", they would owe them 10 billion. I am not afraid they are this dumb. But what I am positive is that they already bought a bunch of Bitcoin at much cheaper price then $13k. Their bags are full and from those bags will sell to their users. And also they will use this coins that will hold fro their users to manipulate Bitcoin price in years to come. This is the worse thing about it. Not the fear they are making fractional reserve from Bitcoin.