/biz/ - Business & Finance

>>23437333
it's end of your fud and the beginning of cryptos in the spotlight of the normies. may SAFEX be sent upon them all

>>23438162
Ah yes the crypto thats
>centralized
>traceable
>cannot be transfered
>you don't own private key
>have to pay tax
Nice fucking crypto dude

>>23438235
What the fuck are you even talking about.
Bitcoin itself isn't changing one bit, this is just THE most normie-friendly way to buy Bitcoin there ever was.

>>23437333
More like the beginning of the golden ETH bull.

Still, check it : https://boringdao.com/

>>23438367
It's not bitcoin you are buying it's a value
No private key no bitcoin
You don't own shit

>>23438393
Paypal has to buy the Bitcoin.
How are you this dense lmao

>>23438381
Fellow boring anon.

Based.

>>23438432
They don't and you can't prove it otherwise
No private key
Get fucked nigger imagine buying a cell in an excel document

>>23437333
THE START OF RSV

>>23438475
>They don't and you can't prove it otherwise
in other words "Paypal is scamming you and you have to prove they aren't!!"

Absolutely seething.

>>23438494
Naive kid
Yes go trust the government and big Jewish companies not to scam you
Fucking autistic goy
Why are you even in crypto if you love circumcised cock so much

>>23438528
Nobody's saying YOU have to buy Bitcoin on Paypal, anon.
It's just the most normie-friendly way to do it.

And don't forget Paypal's massive buyer/seller protection.
Nothing even close to it has ever existed in crypto.

>>23438566
Again you are not buying crypto on PayPal
You are buying value
You don't own the private key
They don't own the private key
There are no crypto transactions happening
This is NOT crypto, its investing in a value that may or may not go down depending on what PayPal wants

>>23438475
>>23438393
But anon, that’s how literally every centralized exchange works too.

>>23438608
You can transfer out of a cex

>>23438601
>Again you are not buying crypto on PayPal
Of course you are.

>You are buying value
>You don't own the private key
Just like on Coinbase, Binance, ...

>They don't own the private key
Sure they do.

>This is NOT crypto
Then neither is any centralized exchange.

so basically paypal will shove around some magical number, they pull out of their ass, to your paypalaccount (ofcourse for a fee) and call it your coinbalance to then shove it around once more (ofcourse for a fee) back into their ass. just so that new-normie-cryptoboomers can tell you, they now know how to pay with bitcoin.

>>23438630
But CEXes don’t have Paypal’s guarantees.

>>23438608
You can transfer your crypto out of centralized exchanges

>>23438608
Exchange lets you withdraw purchased crypto, PayPal doesn't.

>>23438637
>Sure they do.
Prove it

>>23438661
>>23438660
See >>23438658

>>23438654
Cope.

>>23438661
>>23438660
>>23438630
lmao absolutely SEETHING

>>23437333
Shove it up yer mothers gook vagina, fookin gook

>>23438528
yikes.
>PayPal
>government
The more bitcoin PayPal buys up, the happier I am
Bitcoin is decentralised by design, not policy. So idgaf whether a company decides to trade it.

>>23438658
Coinbase is ensured I am pretty sure
So is binance I think?

>>23438676
You made the claim, you prove Paypal won't buy the Bitcoin.

>>23438700
Not for protecting online purchases.

So paypal is selling some fake bitcoin that only exists in their system? How the hell would that work? If bitcoin goes up and you withdraw they would lose money if they dont have btc to sell.

>>23438724
>>23438654
Stop samefagging.

>>23438367
>Bitcoin itself isn't changing one bit
True
>this is just THE most normie-friendly way to buy Bitcoin there ever was
False, they are just buying fake "paper" BTC

>>23438707
You can't transfer and you don't have private key = no btc
Pretty obvious to anyone
There is literally 0 proof they hold any
0
Now provide proof they do, if you can't you admit they don't hold any

>>23438707
We can't verify, and that is the problem.

>>23438658
That's why you don't keep your coins in cexes idiot

>>23438741
>you don't have private key = no btc
Just like any centralized exchange.

>>23438744
Why would you even assume they wouldn't actually buy the Bitcoin?
You're basically just assuming they'll pull the biggest scam crypto has ever seen, out in the open.

>>23438719
What do you mean by this?
What online purchases?

>>23438759
You definitely shouldn’t, but tons of people do, and your assets are arguably safer on Paypal than a cex.

>>23438794
You are the dumbest nigger shill I have ever seen
This is my last reply to you
On cex you can transfer out on PayPal you can't

>>23438807
Do you even know what Paypal is?

>>23438846
What does paypal having purchase protection for stuff you buy with usd matter? What does that have to do with it going against cexes?

>>23438700
>So is binance I think?
funds are always safu

>>23438807
>What online purchases?
The ones you can carry out with Bitcoin using Paypal lmao.

>>23438831
>On cex you can transfer out on PayPal you can't
You'll most likely be able to transfer out of Paypal too.
And there are pros and cons to both cexes and Paypal (buyer/seller protection); but you don't own your keys on either.

>>23438869
>What does paypal having purchase protection for stuff you buy with usd matter?
Because the same protections will apply to purchases made with crypto via Paypal.

>>23438882
You don't but anything with btc on PayPal
It converts your btc to usd and it sends usd
You don't send btc to a wallet
Nigger coon

>>23438869
>What does paypal having purchase protection for stuff you buy with usd matter?
It matters because Paypal is about to support btc you dunce.

>>23438920
>You don't but anything with btc on PayPal
You literally do.

>>23437333
Sergey is going to destroy his first project. This was planned from the beginning

>>23438910
Refer to
>>23438920


You could always cash out and use paypal
Always

>>23437333
>>23438235
>>23438393
>>23438475
>>23438601
>>23438741
Source?
Is there an article or announcement explaining how PayPal is dealing in "paper" BTC without holding the capital in reserves?

>>23438920
>You don't but anything with btc on PayPal

"Will enable cryptocurrency as a funding source for digital commerce at its 26 million merchants"
https://newsroom.paypal-corp.com/2020-10-21-PayPal-Launches-New-Service-Enabling-Users-to-Buy-Hold-and-Sell-Cryptocurrency#assets_all

>>23438831
No normie even knows what owning crypto or digital assets like stocks even fucking means. We should be thinking how to profit off of this, instead of getting angry that JewPal found a way to.

>>23438938
You don't
You do not send from a wallet to a wallet
You just don't
There wont be a transaction
You will send usd

>>23438924
Literally just another BitPay with higher fee.

>>23438979
Bitpay doesn't have the buyer/seller protections.

Or the massive payments volume and normie user base.

>>23438978
>>23438948
If the seller accepts crypto, they will receive crypto.
If the seller wants USD, they will get the USD amount of the crypto you use to pay.

Wait so paypal owns the rights to bitcoin now? Will I have to send all my coins to my paypal account, or will that happen automatically or?
Bros this is so confusing....i thought elon was based but maybe not...

>>23439159
Proof?
None?
Okay

>>23439253
Are you serious?
The burden of proof is on you, obviously.

>>23439223
Based retard

>>23438958
>Is there an article or announcement explaining how PayPal is dealing in "paper" BTC without holding the capital in reserves?
Of course not.
These fudders are just so desperate that they have to claim Paypal is about to pull the biggest scam in crypto history, out in the open for all to see.

I can see the press release now:
>Paypal will sell you Bitcoin it does not have. Love, Paypal.

WTF is all this shit about PayPal not having the key? If I buy 1 BTC on Paypal for $10k, and a year later decide to sell it when the value has gone up to $20k, WTF happens to Paypal's crypto business model then, if they don't actually have any BTC or keys? What makes anyone think PayPal would commit financial suicide? This is the dumbest idea ever. Like no one at PayPal would have thought it through. KEK

>>23439553
>trusting
how is this a discussion? if you dont have the private key yourself, how are you even in a state of mind to trust someone else, especially if they are known to blacklist "wrongthinkers" from their service

>>23439454
please dont be mean to me, I know im a brainlet but its so hard to understand whats going on. Everyone is shouting FUD or pajeet and I just dont know who to beleve anymore. Are paypal going to take my coins? I keep them on binance

>>23439754
>if you dont have the private key yourself
Protip: you don't have the private key on any centralized exchange either.

>MUH CENTRALISATION!!!!!!!! WAH!!! MUH CRYPTO FUNDAMENTALS!!! IM IN IT FOR THE TECH!!!

get a life you absolute nerds, as long as bags get pumped in this stupid fucking ponzi the sooner those of us with an IQ over 80 can leave this stupid industry

>>23439223
>>23439808
I understand your confusion; reading all the Paypal fud you'd swear Paypal bought the rights to Bitcoin and is hollowing out its fundamentals or something.

In reality all that happened is THE most normie friendly gateway to crypto that has ever existed just came into existence.

>>23439008
Bitpay transfers crypto and lets you own the keys.
That "protection" is because PayPal locks funds for month.

>>23439253

>>23439808
if they’re on binance why are you worried about paypal?

>>23437333
THE BEGINNING OF ETH

>>23439816
im also for making a shit ton of money but why do u say btc is a ponzi kek

>>23439887
>Bitpay transfers crypto and lets you own the keys.
Hey that's great, so use that.
Meanwhile literally hundreds of millions of normies will have the ability to buy Bitcoin just by clicking a button in their Paypal account which they've been using for years.

>That "protection" is because PayPal locks funds for month.
Weird, Paypal never locked my funds even for a second lol.
Cexes lock funds temporarily all the time btw.

>>23437333
What would happen if BTC reached 1M

>>23439813
and thatswhy as soon you bought them on your exchange account you transfer it to your personal wallet or just to your paper public key.

>>23439950

because the only purpose of it is to unload your bags on someone who comes along later and pays a higher price. It's the definition of a ponzi

>>23439993
welcome to economy and investing

>>23439992
Tons of people don't.

And the vast majority of the people with Paypal accounts never thought about buying crypto, or considered it too much of a hassle.
Yet now they'll be able to buy crypto with the click of a button.

>>23439993
>every investment ever is a ponzi
lmao ok anon

>>23440056
i never said that its bad for crypto. its great when normiemoney and -attention are thrown to crypto. especially because now its easier for them to access. i just pointed out, that its still retarded to do on paypal bc you need an additional point of trust in the system. no one with an understanding of wallets and keys should do business on paypal.

>>23439993
brainlet

>>23440144
>bc you need an additional point of trust in the system
Just like with any CEX.

>no one with an understanding of wallets and keys should do business on paypal.
They should if they want Paypal's buyer protection.

And normies were always going to go for what is most convenient.
And now they have the most convenient way ever to buy, sell, hold crypto.

>>23439928
everybody keeps talking about private keys. I thought I did, like a big string of numbers or QR code? But then there are all of these posts saying that I dont
>>23438475
>>23438601
>>23438794
I just don't understand whats going on and im worried

>>23438393
Then don’t buy your btc from PayPal dummy. Let normalfags do that and drive the price up for the rest of us.
What did you think mainstream adoption of crypto would look like? Did you think old Facebook grannies would be setting up MetaMask wallets and buying yearn.finance?
This is it faggots. This is what mainstream normie adoption looks like. Learn to work with it and profit

>>23440175

18-22 year old

>>23437333
Don't buy crypto on PayPal
You won't be able to send to your wallet
They can decide to freeze your account anytime
This was only thought and designed for normies

>>23438235
"Crypto" just means it's secured by cryptography. It doesn't mean you have a super secret currency that can never be taxed, you fucking dolt.

>>23440591
>Don't buy crypto on PayPal
make me

>>23440591

no shit dummy. As long as bags are pumped who gives a shit

>>23437333
The end of bitcoin was chinese miners taking over

>>23440881
It's completely paper crypto, there will be no bag pumping.

>>23441338
>dude, Paypal is going to sell you Bitcoin they don't have!
Fuck off.

>>23438235
2.9% fees for selling
anyone who uses Paypal for crypto is a retard

>>23441607
You should get upset about it.

>>23441607
local bitcoins takes more than that so it works for me

Paypal is a jew trash

It's the end of paypal. They are scared of crypto

>>23441607
paypal and cuckbase partnership coming soon?

>>23438235
Lol based retard. That's why they're almost definitely going to partner with chainlink, so they can use off-chain data on a decentralised network. Get it yet nolinkers?

>>23438475
so when people buy btc from PayPal and it affects the price how do you explain that?

>>23443088
no PayPal as a standalone crypto exchange, has already been announced. Its heavily speculated that they'll partner with LINK to achieve this.

>>23438235
the people who care about the things you listed are 0.01% of the population retard autist.

>>23437333

>>23438393
>NOOOOOO PAYPAL CAN'T JUST CAPITALIZE ON DECADES OF TRUST SERVICE AND VALUE THEY PROVIDED THEIR CUSTOMERS AND MERCHANTS BY OFFERING THEM THE CHANCE TO SAFELY AND EASY BUY EXPOSURE TO A NEW ASSET

>THEY MUST BE TRYING TO SCAM THEM!!@!

I think I get what OP is trying to say If you buy on PayPal you can't transfer it out of paypal so how do you know you actually have it the numbers can just be fake I don't understand why you can't transfer the btc