Crypto 360°

PayPal Raises Crypto Buying Limit to $15K/Week for ‘Eager’ Customers

submitted by /u/cryptosp
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How Bitcoin Has Performed Throughout the Pandemic (With Graphs)

As the market enters another Bitcoin era, today we look at how $BTC is doing during times of the pandemic. From year to date, Bitcoin has outperformed traditional assets. Is this surprising or not?

Let's say you bought $100 of Bitcoin on 01/01/20. It would have grown to $190 on 10/28/20. 🙌 If you placed your $100 in the Nasdaq 100 or the Dollar Index, your balance would be $133 and $96, respectively.

See how $BTC compares to assets like commodities and equities

The orange line indicates BTC performance, which dropped to heart-palpitating lows when COVID19 spread in the US, but reached a new record for 2020, at the end of October

https://preview.redd.it/rw6alut4rww51.png?width=2056&format=png&auto=webp&s=405123ec40677fa7865be925b31b075519ff99e7

At the start of 2020, BTC strongly correlated with commodities, but broke away in October — potentially from a risk-aversion to traditional markets due to a surge in COVID cases and political environments.

https://preview.redd.it/i4yumb67rww51.png?width=1556&format=png&auto=webp&s=72fef7d90d931a49ce8fdf8315890f93738c57cb

Also, Bitcoin showed significant correlation with the equity markets in Q1, mostly because all markets sold off in a flight to liquidity. However, once financial stimulus packages were announced, asset prices recovered rapidly.

You can do it, Billy

As shown here, BTC's correlations with gold and silver dropped drastically after the PayPal crypto announcement.

https://preview.redd.it/8r3jff7jrww51.png?width=1572&format=png&auto=webp&s=89a70c7e582576ab57fc494a3a2b351b4ddb3923

For the full coronavirus Bitcoin report, head over to:

https://coinmarketcap.com/alexandria/article/bitcoin-vs-traditional-assets-who-is-ahead-mid-pandemic

submitted by /u/airseasky
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How much longer will the weak hands willing to sell for less than 14k last?

submitted by /u/CollectiveConciousns
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Bought some crypto from Paypal and I’m a little disappointed

I am a fairly seasoned bitcoiner at this point and wanted to test the waters to see how Paypal was allowing folks to get into crypto. So I bought 5 bucks of crypto from them just to see what it was like.

To make a long story short, though it’s a cool first step, what they have done seems very confusing and rudimentary. I really don’t get why someone would want to use Paypal to invest in crypto at this point. The only capabilities they seem to have are to 1) buy BTC from Paypal directly or 2) sell it back to them once you have it. The only good part of the experience was that there were no fees to buy it, though the price I paid for it was slightly higher than the going rate. However, there are no seed phrases given to me, there are no transfers to external wallets, and selling back has a hefty 2.9% fee payable to Paypal. It just feels like my dummy test investment money is lost in limbo and it just made me think, if it’s not behind my keys, it isn’t my bitcoin. It wasn’t a very good feeling.

Anyone else try it? Curious on your thoughts...

submitted by /u/anonamonkey
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