Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[Josemendez]

According to cointelegraph
On October 21 , 2020 . Bitcoin broke the $12,500 , $12,900 resistance to cross over to $13,217 . This was made possible by traders actions in the past few weeks . Here are three reasons that might have contributed to this .

1. Bitcoin ability to outperform the Defi projects in the past weeks
2. PayPal allowing users to buy Bitcoin with PayPal money
3. Btc showing a bullish high time fame structure .
[h2][/h2]

 

[Niftyicon]

Those reasons have set the ball rolling which makes me wonder if they are enough to keep bitcoin price soaring. We just have to wait and see.

 

[Josemendez]

I believe the PayPal announcement to an extent contributed to the current rise in the price of Bitcoin . I believe that Bitcoin will maintain a threshold between 12 and 14k value in coming months

 

[rakibrash]

well,I think PayPal announcement & also covid -19 to get impact to rise Bitcoin price & thanks BM to discuss this .

 

[Wisdom01]

I think the highest impact was PayPal announcement these affected the price positively and I also noticed that there was increase in the volume over the past few days

 

[highspeed]

Yes, on each of these three reasons, I agree.
Good to Paypal for this choice. ? ?
It is even said that Bitcoin, hardly could fall below the value of 10K$.

 

[Wisdom01]

Yes, on each of these three reasons, I agree.
Good to Paypal for this choice. ? ?
It is even said that Bitcoin, hardly could fall below the value of 10K$.

Am not sure if the price of bitcoin will fall anytime soon because the price might soar higher and it's heading to $50 based on my observation

 

[highspeed]

Am not sure if the price of bitcoin will fall anytime soon because the price might soar higher and it's heading to $50 based on my observation

By nothing we can be sure obviously. But I don't understand what you mean by "the price might soar higher and it's heading to $50"
Thank you.

 

[SCAMEXPOSER]

Am not sure if the price of bitcoin will fall anytime soon because the price might soar higher and it's heading to $50 based on my observation

The reason why I also believe it may not fall anytime soon is that more people will be involved in the use bitcoin now that paypal users can exchange coins and others that paypal may resonates.

 

[Wisdom01]

By nothing we can be sure obviously. But I don't understand what you mean by "the price might soar higher and it's heading to $50"
Thank you.

It's a mistake the price is heading toward $15000 now it's currently at $13100 + so I just hope it continues to increase as usual

 

[SCAMEXPOSER]

It a good sign that $15000 or more is achievable this year, bitcoin has kicked back otherwise DeFi project almost overshadowed Bitcoin activities.

 

[highspeed]

It's a mistake the price is heading toward $15000 now it's currently at $13100 + so I just hope it continues to increase as usual

I understood this. But why did you say $ 50?

 

[microunit]

I think paypal is one of the big major factor, as paypal has a very large worldwide userbase and them reintroducing bitcoin in their system is giving tons of their userbase to use bitcoin

 

[highspeed]

I think paypal is one of the big major factor, as paypal has a very large worldwide userbase and them reintroducing bitcoin in their system is giving tons of their userbase to use bitcoin

Certainly. However, from what I have read, initially the deal on cryptocurrencies via Paypal will be available, first only in the United States.
But as for other countries in the world, do you have more or less an idea?
Thank you.

 

[microunit]

Certainly. However, from what I have read, initially the deal on cryptocurrencies via Paypal will be available, first only in the United States.
But as for other countries in the world, do you have more or less an idea?
Thank you.

probably they are doing test runs in the united states for now, so that they could see if the previous issues they had will still arise or not

 

[highspeed]

probably they are doing test runs in the united states for now, so that they could see if the previous issues they had will still arise or not

I see. Thank you.
However on the news, I read that just today the first Bitcoin transaction was carried out on Paypal.

 

[Ginatime]

I see. Thank you.
However on the news, I read that just today the first Bitcoin transaction was carried out on Paypal.

This is good news for PayPal users but I don't believe PayPal had no hand in Bitcoin rise cos just few days before the rise I read a news about Bitcoin recently which claim that a square company bought 435 million worth of Bitcoin. I believe this is the cause of it rise.

 

[sagefave]

Whatever the reasons for the bullish trend in Bitcoin prices, holders of Bitcoin are steadily in profits and are hoping the trend lasts long to see an unprecedented high in the Bitcoin Price. Acceptability of the coin has increased recently and that's probability the road to a global adoption of Bitcoin.

 

[Brain]

I think paypal is one of the big major factor, as paypal has a very large worldwide userbase and them reintroducing bitcoin in their system is giving tons of their userbase to use bitcoin

Yeah right, with the acceptance and incorporating of crypto in PayPal, it will make a lot of people to accept crypto and this means high prics which is still good

 

[Josemendez]

Whatever the reasons for the bullish trend in Bitcoin prices, holders of Bitcoin are steadily in profits and are hoping the trend lasts long to see an unprecedented high in the Bitcoin Price. Acceptability of the coin has increased recently and that's probability the road to a global adoption of Bitcoin.

By 2021 , there will be a high adoption in Bitcoin price ,and people are going to trust Bitcoin investment. Presently the numbers of new Bitcoin addresses generated daily is on the increase .