Topic: ㅤ - page 2. (Read 263 times)
Tesla accepting bitcoin no more was a big hit and probably a warning shot to the others. When Tesla announced that they are going to accept Bitcoin for their cars, I thought this is the start of something big. Now the others will also join the party but then something happened. It is like somebody told Elon something and suddenly Elon changed his decision and Bitcoin's energy consumption was his excuse. We all know that Elon very well knew about bitcoin's PoW algo before he decided to accept bitcoin.
indeed this is already very clear, maybe for a while investors are trying to secure their assets in gold and start to Bitcoin in the future with new capital that has been prepared. we should not be careless because most institutional investors do this in order to maintain the value of financial stability in the long term. and Bitcoin as an alternative to multiply the money.
this sounds very terrible, namely where Bitcoin is only used as a place to multiply profits and is abandoned in the future.
Expect the unexpected because this is how big players of this market do on where they do ensure things up and able to accumulate on what they should accumulate but i do agree into those sentiments that institutional hype is over and now we do wait for the next event or move to happen whenthis sounds very terrible, namely where Bitcoin is only used as a place to multiply profits and is abandoned in the future.
things turns out to be on that selling point or position.So always be prepared and take advantage out of these movements.
They had ruled out the traditional markets and now that they had touched out their feet into this market then expect that there would really be some
significant effects that turns out to be unexpected.
indeed this is already very clear, maybe for a while investors are trying to secure their assets in gold and start to Bitcoin in the future with new capital that has been prepared. we should not be careless because most institutional investors do this in order to maintain the value of financial stability in the long term. and Bitcoin as an alternative to multiply the money.
this sounds very terrible, namely where Bitcoin is only used as a place to multiply profits and is abandoned in the future.
this sounds very terrible, namely where Bitcoin is only used as a place to multiply profits and is abandoned in the future.
The institutional hype has been over for a long time already, when Bitcoin hit ATH there already was a lack of such news for some time. The big reason behind this crash is that not enough new money is flowing into this market, so the most recent investors started taking profits, which caused cascading effect. The fear of inflation has also lowered recently, so institutional investors have only less reason to look at Bitcoin.
It's funny, I don't remember these analysts getting something right, the price will always fall if it fails to break some resistance, it will never be possible for bitcoin price to just go up and not go down, it's part of the market and if the price is fluctuating between $34000 at $38000 Is precisely because the demand is very high, if there was not very high demand, the price would have already dropped to 10,000. I'm not an expert, but from the observation I've made, I realize that whenever the price touches $30,000 immediately, it goes up a lot, which shows that no one wants to see the price below $30,000 because they think it's too low, people buy a lot in this $30,000 zone and I don't believe they aren't rich who are buying in these zones... these guys who do these analyzes seem to want to panic for the price to drop a lot
in 2017 the price increased a lot because people were being deceived because of the ICOs, the BCH Hard Fork that made many people buy bitcoin to have extra coins with the BCH Hard Fork and had the futures listing, but then there was nothing else to sustain that price, today we have constant and solid demand, today we have a mature market where people are more aware, we will not see the same scenario as 2017
We know that hype couldn't continue forever and that's why it's called hype. Otherwise, the Bitcoin price will be nonstop. Price would dump more, but I don't believe it will repeat of 2017 trend by the way. Because many investors including institutional already involved with it.
in 2017 the price increased a lot because people were being deceived because of the ICOs, the BCH Hard Fork that made many people buy bitcoin to have extra coins with the BCH Hard Fork and had the futures listing, but then there was nothing else to sustain that price, today we have constant and solid demand, today we have a mature market where people are more aware, we will not see the same scenario as 2017
I can't say institutional investors stop investing in Bitcoin. Even during the dump a few institutional investors still accumulating more Bitcoin like MicroStrategy. And Tesla said they don't sell Bitcoin this time, they sold back few days 10% of their holding if I am correct and they have provided a valid reason. We know that hype couldn't continue forever and that's why it's called hype. Otherwise, the Bitcoin price will be nonstop. Price would dump more, but I don't believe it will repeat of 2017 trend by the way. Because many investors including institutional already involved with it.
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