Discussion in 'The Bar' started by Hay, Aug 18, 2020.
Agreed.. buy the dip, if your not long your wrong!
OH please, if you pull up a 3 month or 6 month or 1-year chart, it's still up on all of them! The upward trajectory of assets is never in a straight line.
just bought back a few i sold earlier in the week.
The way I accumulated silver tax free was to buy it from the public. A couple of ads here and there and I soon had a couple of KG's of Silver.
There is a guy that has a stall on a car boot that bought silver. I would just buy his daily takings a few quid more than he could off load it for. Again a tax free purchase.
Also it is in the best possible form, Scrap jewellery, spoons, candle holders etc.
Easier to get rid of when I want to cash out as Bars and coins are faked but scrap is plain to see.
Also buying coins and bars, you loose so much money compared to paying spot price.
I just hold it in a big old safe at work. Waiting for silver to hit triple digits.
"PayPal to allow cryptocurrency buying, selling and shopping on its network"
This will add a level of ease and trust for the general public to get into bitcoin not yet seen
Absolutely massive news, love it.
What will a bitcoin bubble look like if the general public can hear about it on the news and it's as simple as logging into your paypal account to get some?. Will force big institutional investors to get involved
Previous all time high is going to look like nothing
Yes, the previous ATH will look like nothing. The big institutional investors have already started getting involved:
A lot of huge institutions have been buying up Bitcoin for months which is playing a major part in the recent upturn; the news today just adds to this. I hope for a steady climb with a $10k floor. The skies the limit on full blown adoption, we could be looking north of $100k.
There's a school of thought that the coin likely to make the biggest percentage gains could be the one that appears "cheapest" on Paypal, which the press release indicates will probably be Litecoin,
The majority of people buying crypto on Paypal will be complete newbies, so psychologically Litecoin could well appear to be "better value" than Bitcoin to the uninitiated. If this is the case it could become a self fulfilling prophecy of sorts, as people like to brag about their successes, and everyone uses paypal.
It's a discussion point as opposed to any sort of firm personally held opinion, so obviously DYOR
My guess is all other cryptos will just sound like gibberish (at least in the near future), people recognise Bitcoin at least
But a high tide raises all boats so if btc is doing well the rest will probably follow to varying degrees
This is great news. Ive just swapped out most of my long term holds for LTC which I think people will perceive as a bargain at least until the news is implemented. Long term will swap for BTC probably.
Lol. If you have seen BTC growth for a while, you'll know that this is just fine. I will probably kick myself for 2000 years for not spending £20 on bitcoin when it launched.
Another firm (UK this time) is getting involved and have yet to make their purchase.. @Murray
Paypal announcement is US only until the new year - so time will tell
Probably about time I actually got myself a wallet, Had an overseas client ask if id take payment in bitcoin last week.
How does one go about getting a wallet, where from and what are the ups and downsides ? Do we still have to mess about with flash drives and bollox to keep them safe ? I'm more likely to corrupt or lose a flash drive than I am to get it robbed off my phone lol
"Trust Wallet" is the official wallet partner for Binance. It is a mobile app. One of the best out there. You have control over your own crypto, safe as houses. Takes Bitcoin, Eth and 100s of others.
Just stash the recovery phrase somewhere and you can restore it on a new phone if you lose / break / whatever yours.
Bitcoin has been on the news for years and the general public have been able to buy it with a debit card, like any other product/service online, for years.
I highly doubt the general public are waiting for 'paypal support' before they buy lots of Bitcoin. If they want it, they already have easy access to purchase it.
Based on what you have said, you can start with a simple App wallet like Bitpay.
Adam who is probably more tech savvy than 99.9% of the public posted
That says it all about how easy its been
Separate names with a comma.