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Re: BTC can reach $ 20000 after PayPal, Venmo accept payments in BTC, ETH?
by
Mahanton
on 02/11/2020, 21:56:15 UTC
Quote from: Casdinyard on Today at 09:46:34 PM
Quote from: Anonymous100 on October 25, 2020, 09:28:45 PM
Quote from: cuongtroll113 on October 23, 2020, 11:39:52 AM
Following PayPal information, Venmo allows payment of its services in BTC, ETH and a few other tokens, the price of BTC has increased sharply, sometimes surpassing $ 13,000 and is still holding at $ 12900. But why is the market reacting so positively?  BTC can reach $ 20000 after PayPal, Venmo accept payments in BTC, ETH?

The price of BTC this year is increasing slowly. This is an interesting thing. It is possible that after PayPal accepts the payment system with BTC, the price of BTC will increase, but it will not reach $ 20k. If the price of BTC rises sharply, I'm afraid that something bad will happen, which means a dump will occur.
That is indeed something to be expected. The market price will not continuously increase, and dumps are more likely to occur in its market value after a huge price increase, which is sometes referred to as corrections. Things are not yet assured if I would be asked, and that is an enough reason to not be hasty with your actions regarding your investment. Many networks are now eyeing for this technology's adoption but being a third party network will not fully affect the market since transactions will be always needing fiat convertions. So maybe, further observations are advised.
People shouldnt really be caught up too much with the hype even though the entire market is on the positive side of things in talks to fundamentals but doesnt mean that we would really be shooting up that really fast.
Yeah we did really have some price increase but look at on where the price had stopped? Paypal had already integrated Bitcoin but it isnt really enough to boost it up upto higher levels but this is much better rather than having nothing at all and if Venmo will accept then we cant tell if it can give out some significant impact or not but if several companies will do the same thing then we can expect for some in the positive side but
talking precisely on breaking that 20k ATH barrier then that would really be always a questionable thing because this would surely a very bumpy ride to start on.