I'm not on the bitcoin wagon yet and I always appreciate being able to use PP. One thing to note though, if the receipt does say anything about "drugs" paypal will ban you. But it is good advice to know and trust the vendor your sending money to.
Paying with Paypal
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But it is happening. They just do not care, they have so many customers.
@Soundsoul I agree. Their ability to resolve something quickly and efficiently is lacking incredibly. They take you round and round in circles for weeks. Ive literally lost money and basically gave up trying to get it back because the stress and hassle it was taking me was NOT worth my time at all. Other than that...if things are running smoothly and theres no issue its a very easy safe thing to use.
As for crypto its not as complicated as everyone thinks. There are a few people out their and tutorials you can watch to understand the concept and grasp it fairly quickly. I know its scary because its new and such but its better to start to learn about it now. The world is heading that way fast!!
As for crypto its not as complicated as everyone thinks. There are a few people out their and tutorials you can watch to understand the concept and grasp it fairly quickly. I know its scary because its new and such but its better to start to learn about it now. The world is heading that way fast!!
Chancer
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I completely agree, I only learnt how to use it in the last year and I'm a complete techno-phobe. Literally everything I learnt was through PR and we have threads and members very well versed in crypto to ask if we have problems/issues setting it up, hats off too @Doc Rogue There's also a ton of U-Tube videos on how to set up coinbase and wallets etc if you prefer visuals.
If I can do it; anyone can because me and the techno Gods aren't exactly BFFs, yip, its personal, very personal.... 😅🤣😂🤣
tycho
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@Chancer the biggest issue with crypto these days is buying it and having the value fall. My wallet is with CoinBase and they annoyingly won’t let me move newly-purchased BTC for something like 14 days. Worked great in the rising market; sucks now. Considering an alternative but it is something I use so seldom...
Chancer
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@tycho I was unaware they aren't allowing you to move it. I don't use Coinbase's wallet since coinbase is linked to my name etc, so I use an alternative wallet like Electrum or Exodus. This ensures me better anonymity.
It depends if your buying or investing. Buying I literally put the money in and transfer it immediately to my wallet then vendor, I havn't had any real issues with price highs/lows on that front, since it rarely jumps or drops dramatically regularly enough and you would need to be really unlucky to get caught out.
Investing is more (imo) productive daily atm, since its quite predictable on how low its going to go and then how high, literally on a daily basis (almost like a yo-yo or pogo stick). So if you have the funds then the short game should get you some decent returns. I like how coinbase let's you view daily, weekly, monthly and annually on the price high/lows. I predict a massive shift upcoming but I'm not well versed enough to predict who and when etc.
It depends if your buying or investing. Buying I literally put the money in and transfer it immediately to my wallet then vendor, I havn't had any real issues with price highs/lows on that front, since it rarely jumps or drops dramatically regularly enough and you would need to be really unlucky to get caught out.
Investing is more (imo) productive daily atm, since its quite predictable on how low its going to go and then how high, literally on a daily basis (almost like a yo-yo or pogo stick). So if you have the funds then the short game should get you some decent returns. I like how coinbase let's you view daily, weekly, monthly and annually on the price high/lows. I predict a massive shift upcoming but I'm not well versed enough to predict who and when etc.
tycho
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@Chancer I didn't know about the restriction on spending until I was already somewhat invested in Coinbase. I think it is horrific. I transfer the $$$ to Coinbase from a bank (a secondary, barely funded bank I use only for that purpose with no connection to my normal bank). CB gets the cash via ACH or whatever, and then it freezes it for 2 weeks? No justification whatsoever. Oh well; as I said if I get around to it I'll look for a different wallet. I'd started using CB waaaaay back; before there was much in the way of ID requirements, etc.
Haven't considered crypto for investing. Actually, have considered it, and rejected it. Don't have the stomach for that level of volatility, although I have enjoyed some incredibly serious run-ups with relatively trivial amounts of BTC in the account. As in: a 20X increase at one point.
Haven't considered crypto for investing. Actually, have considered it, and rejected it. Don't have the stomach for that level of volatility, although I have enjoyed some incredibly serious run-ups with relatively trivial amounts of BTC in the account. As in: a 20X increase at one point.
Chancer
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@tycho Is it possible that coinbase is actually doing a security regulation check on your account? It does sound odd although I have read from others they have had problems buying coin at particular times when they tried, unsure if its related?!?
I genuinely think something big is coming and they are tightening controls. Whether its good or bad I have no idea but something is definitely en route re: crypto although, thats just my intuition/instinct I'm basing that on. Particularly with the Bilderberg and Davos conferences recently. From what I understand, a small 'elite' group owns the vast majority of crypto coin.
I'm also basing this on my vague knowledge of how the monetary system was manipulated around the WW2 era, I think we are going to see something similar although, I doubt it will benefit us plebs too much (except the smarter and better informed ones than I am).
I hope you get it sorted and I wouldn't 'play' with the crypto with anything I literally couldn't afford to lose. Its literally gambling, black or red and pick one....
@Doc Rogue would probably be much more helpful on this front that I am.
I genuinely think something big is coming and they are tightening controls. Whether its good or bad I have no idea but something is definitely en route re: crypto although, thats just my intuition/instinct I'm basing that on. Particularly with the Bilderberg and Davos conferences recently. From what I understand, a small 'elite' group owns the vast majority of crypto coin.
I'm also basing this on my vague knowledge of how the monetary system was manipulated around the WW2 era, I think we are going to see something similar although, I doubt it will benefit us plebs too much (except the smarter and better informed ones than I am).
I hope you get it sorted and I wouldn't 'play' with the crypto with anything I literally couldn't afford to lose. Its literally gambling, black or red and pick one....
@Doc Rogue would probably be much more helpful on this front that I am.
calgal99
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Yeah, except when all crypto coins are in such flux. And while, at the same time, reliable wallets take such a long time to complete a transaction. I admit I'm biased, I lost a bunch of coin when a wallet mco, went belly-up. But Dollars (or Euros, or other Fiat currency) are known values. I will never again use crypto.
oof that's harsh. Luckily I've never had that experience yet. But as far as paypal is as I'm talking about it they locked me out of my account and had to go do a whole runaround to get back in. Honestly wish there was some reliable way to just use our money they way we want to without all this damn hassle!!!! lol Hope everyone has a good weekend
Omega_Human
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Regarding paypal - any way of using a protonmail email address and burner number to verify it and submit no ID? Even then, getting funds into and out of it? I used to use gift cards to fund it but they quit letting me do that a couple of years ago so had to have them send me a check in the mail before closing my account.
tycho
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Sorry for the delay -- I'd thought I'd replied to this but I guess doing so slipped my mind.
I'm uncertain why Coinbase imposes that delay. Very possibly for the reason you suggest, although I'd always chalked it up to corporate greed and the desire to play with my money/get the "float" for a period of time. Not unlike a bank minimum balance. When I get around to it perhaps I'll explore another wallet provider. And I've seen @Doc Rogue 's sage commentary on crypto so that's a good suggestion for when I want to traipse down that path...
Doc Rogue
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@Chancer
You’re too kind, my friend. Miss chatting w/ you. I haven’t been around as much lately - but hoping you are doing well!!
I know this is a thread for paying vendors w/ PP, so I won’t address the concerns w/ crypto here.
I will only say that I had low 4 figures in BTC (or is it 5? I have approx. $2,500 before it went down) in BTC when it started to take a dump.
But overall, I am still ahead. Just not as much now 😂. And to mitigate the loss, I am going to put another few thousand in soon - just waiting to hopefully guess it right, and buy at its low point.
Which is pretty damn difficult.
I almost bought the other day at $21K, now it’s at the low $18K range today - so I’m glad I held off.
I’m watching it (more like obsessively) trying to figure out when to buy. If you can hit it right… you’ll come out way ahead.
One last thing: You haven’t lost money, or value.. unless you sell it.
BTC will rebound again. How far out? That’s anyones guess.
One of the things I like about crypto is it’s volatility. Some don’t like that - I love it.
You often don’t have to wait too long, for it to go up again (or down, if you’re wanting to buy). It’s a waiting game, and not one everyone can handle very well. Others, like me.. thrive on that. It makes it fun, interesting, and somewhat easy to make money - if you call it right.
ETA: I also don’t use CB. There are platforms you can purchase coin from that don’t have the waiting period that CB imposes, for you to spend or transfer your coin to a hard wallet (like I do). It’s good practice to “wash” your coin before spending it. Cashapp is one, that you can buy on and immediately transfer (or spend it) if you so wish. There’s many others out there - do a search and you’ll find them.
Back to the regular thread now
You’re too kind, my friend. Miss chatting w/ you. I haven’t been around as much lately - but hoping you are doing well!!
I know this is a thread for paying vendors w/ PP, so I won’t address the concerns w/ crypto here.
I will only say that I had low 4 figures in BTC (or is it 5? I have approx. $2,500 before it went down) in BTC when it started to take a dump.
But overall, I am still ahead. Just not as much now 😂. And to mitigate the loss, I am going to put another few thousand in soon - just waiting to hopefully guess it right, and buy at its low point.
Which is pretty damn difficult.
I almost bought the other day at $21K, now it’s at the low $18K range today - so I’m glad I held off.
I’m watching it (more like obsessively) trying to figure out when to buy. If you can hit it right… you’ll come out way ahead.
One last thing: You haven’t lost money, or value.. unless you sell it.
BTC will rebound again. How far out? That’s anyones guess.
One of the things I like about crypto is it’s volatility. Some don’t like that - I love it.
You often don’t have to wait too long, for it to go up again (or down, if you’re wanting to buy). It’s a waiting game, and not one everyone can handle very well. Others, like me.. thrive on that. It makes it fun, interesting, and somewhat easy to make money - if you call it right.
ETA: I also don’t use CB. There are platforms you can purchase coin from that don’t have the waiting period that CB imposes, for you to spend or transfer your coin to a hard wallet (like I do). It’s good practice to “wash” your coin before spending it. Cashapp is one, that you can buy on and immediately transfer (or spend it) if you so wish. There’s many others out there - do a search and you’ll find them.
Back to the regular thread now
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Chancer
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@Doc Rogue Great to have you back Doc, you are always missed when you're not around lovely. I literally just jumped on it when it dropped to 14 but by the time it went through (30 seconds) it had already jumped up slightly to 15.
I'm thinking more short term gains is the way to go atm as the volatility seems very predictable, daily predictability. Get in when it drops and jump back out when it rebounds and do it again? Although, as you know I'm a complete novice so I'm going more by instinct than accumulated knowledge. This is definitely NOT financial advice, Caveat Emptor.
I will let this thread go back to its daily PP programming as Doc mentioned and continue this conversation in the crypto section.
I'm thinking more short term gains is the way to go atm as the volatility seems very predictable, daily predictability. Get in when it drops and jump back out when it rebounds and do it again? Although, as you know I'm a complete novice so I'm going more by instinct than accumulated knowledge. This is definitely NOT financial advice, Caveat Emptor.
I will let this thread go back to its daily PP programming as Doc mentioned and continue this conversation in the crypto section.
@Doc Rogue as you mentioned this is a PayPal thread so don't want it to get to heavy with crypto. Just about your buying. Any range between $16k to $13k would be good buy. Keep taking profits on the way up. I had bought it in 4 digits as well. Have been booking amounts since it went to ATH and still have more Btc in terms of USDT than my initial purchase. There is about 2-3 weeks to about 6-9 months of accumulation before going up again. Bears have had some fun this winter.