Bitcoin, the institutional coin | Bitcointalksearch.org

michellee

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Quote from: Binary Bounties on April 01, 2021, 12:58:39 PM

I see bitcoin becoming an institutional coin in the nearest future. institutions are beginning to buy bitcoins in billions of dollars. this will automatically reduce the amount of bitcoin in circulation thereby forcing up bitcoin price.

Even if that is true, bitcoin still for all people who want to hold bitcoin as an investment and make money from bitcoin. The institution can buy bitcoin at any price, but that does not mean that people can not buy bitcoin. If people see bitcoin worth holding, they will buy bitcoin too and hold it for a long time.

The demand for buying bitcoin will increase in the future, especially if bitcoin prices start the rally and break the highest price. People will see that bitcoin will be the best investment for them, attracting bigger companies to join the bitcoin world.

rokon1234

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In my opinion, all organizations now understand how profitable it is to invest in bitcoin and because of this the price of bitcoin is increasing day by day.However, this is not uncommon because their investment in bitcoin will go to a better level in the future.

mbe48

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In theory, I think this volatility will decrease as the Bitcoin market and technology develops. Never before had a currency invented itself, so it is very difficult (and interesting) to imagine what developments will follow. But in my opinion, if it is related to marketing techniques, the more demand the rarer the total product, the higher the price. It is possible that this theory could happen.

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Quote from: 0t3p0t on April 04, 2021, 06:14:03 AM

No doubt it is still demand and supply that force Bitcoin's price up high.

It was only back in pre-2011 that demand was too low but supply was in surplus and the price was down in 3 digit figures. Today the demand is everywhere so much so that some governments have been forced to take strict measures to control the trading and investment activities of their citizens.

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Shills will also trigger a temporary pump just like what Elon Musk did a couple of months ago but the demand is increasing day by day plus those FOMO.

The Musk induced pump was timed well, with a number of institutions buying crypto and making headlines the pump remained and although I was thinking that price would quickly drop after this millionaire shut his mouth, it did not because of the Paypal backing. Therefore the market is currently between bullish-to-steady.

So even though institutions help in moving the market, it remains use-able to everyone, albeit not affordable to everyone at this price anymore.

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Quote from: Poker Player on April 04, 2021, 05:08:36 AM

I wouldn't say it's an institutional currency, because to begin with, as of today, it's more of a store of value than a currency. Maybe it will be in the future, but I doubt it. We should not forget that if Bitcoin is succeeding in this cycle it is thanks to institutions, and I don't see a problem with that. It departs from the original idea of the Bitcoin, but many times an invention goes beyond the idea that its creator had.

I think it might become a known currency in the future as well because the kind of popularity it gets right now is real amusing but the only problem is those who still don't really want to know how it works and how will it help them counter the manipulating banking authority which has all the power to control their money and let them pay some tax which is not really necessary. If they can just see the importance of BItcoin regarding this issue, they might also want to use it as their own main asset as soon as they know how to protect their BTC in their personal wallet.

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I dont think bitcoin would be an "institutional coin". If you put it like that, it gives the impression that bitcoin will mostly be of use to instititions, when in reality it is for everyone. Bitcoin can be used by companies, corporations, even small businesses and small investors. This is why the government fears bitcoin because of its viability. It has the same characteristics as fiat in terms of monetary value, but with much more freedom dor its users. I can see that institutions would use bitcoin, but it wouldnt just be limited to that.

0t3p0t

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Quote from: Binary Bounties on April 01, 2021, 12:58:39 PM

I see bitcoin becoming an institutional coin in the nearest future. institutions are beginning to buy bitcoins in billions of dollars. this will automatically reduce the amount of bitcoin in circulation thereby forcing up bitcoin price.

No doubt it is still demand and supply that force Bitcoin's price up high. Shills will also trigger a temporary pump just like what Elon Musk did a couple of months ago but the demand is increasing day by day plus those FOMO.

Poker Player

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I wouldn't say it's an institutional currency, because to begin with, as of today, it's more of a store of value than a currency. Maybe it will be in the future, but I doubt it. We should not forget that if Bitcoin is succeeding in this cycle it is thanks to institutions, and I don't see a problem with that. It departs from the original idea of the Bitcoin, but many times an invention goes beyond the idea that its creator had.

fiulpro

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Quote from: Binary Bounties on April 01, 2021, 12:58:39 PM

I see bitcoin becoming an institutional coin in the nearest future. institutions are beginning to buy bitcoins in billions of dollars. this will automatically reduce the amount of bitcoin in circulation thereby forcing up bitcoin price.

Ofcourse
BUT , I do think that you are not realizing the fact that this isn't all that Good. Institutions as we know it have ties with each other. They work in packs and if they do want to make profits they would reduce the price within couple of seconds by selling and then it will cause people to panic sell too thereby giving them the perfect opportunity to buy at a reduced rate. Which will inturn cause hyperinflation. Making it inaccessible for us.
It's good thing it's in a limelight but never forget that market manipulation is only going to hurt small Investors. Do you remember about Elon Musk!? How he played with the price a lot of times ?? This is just the beginning with Marvel also trying to bite into some profits, I honestly don't know where this is going to take us.

Quote from: skarais on April 04, 2021, 03:01:40 AM

OP, although institutional investor can buy 1%-10% of the total circulating bitcoin supply, I believe they will not be able to control it. So far I have seen the involvement of institutional investor in bitcoin investing as a big support, but at the same time they also want to profit from rising price. Institutional investor will not stick with bitcoin forever, they may still sell some of their bitcoin when the need arises. Bitcoin is a decentralized asset, so there's no way it will only benefit a group of investor.

Quote from: Ozero on April 04, 2021, 02:22:33 AM

Cryptocurrency has not even become completely legal in the world, and therefore it and the participants in this market still have many unresolved problems.

Cryptocurrency trading can be considered a legitimate activity, at least not many countries prohibit bitcoin/ cryptocurrency trading in their countries. Bitcoin and its users must also comply with local regulation if it is to be used as a currency which is currently illegal in some countries.

Ofcourse no one can control Bitcoins but I think we should understand the fact that they can always manipulate the market.

skarais

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OP, although institutional investor can buy 1%-10% of the total circulating bitcoin supply, I believe they will not be able to control it. So far I have seen the involvement of institutional investor in bitcoin investing as a big support, but at the same time they also want to profit from rising price. Institutional investor will not stick with bitcoin forever, they may still sell some of their bitcoin when the need arises. Bitcoin is a decentralized asset, so there's no way it will only benefit a group of investor.

Quote from: Ozero on April 04, 2021, 02:22:33 AM

Cryptocurrency has not even become completely legal in the world, and therefore it and the participants in this market still have many unresolved problems.

Cryptocurrency trading can be considered a legitimate activity, at least not many countries prohibit bitcoin/ cryptocurrency trading in their countries. Bitcoin and its users must also comply with local regulation if it is to be used as a currency which is currently illegal in some countries.

Ozero

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Quote from: jonval21 on April 01, 2021, 05:06:18 PM

Quote from: Binary Bounties on April 01, 2021, 12:58:39 PM

I see bitcoin becoming an institutional coin in the nearest future. institutions are beginning to buy bitcoins in billions of dollars. this will automatically reduce the amount of bitcoin in circulation thereby forcing up bitcoin price.

Bitcoin has never been institutional in nature, the fact that institutions are currently being interested is something else, now what is most seen is investment, but why? Because it has been determined that Bitcoin can be considered by some as a safe haven, for some it is more profitable to leave the investment of gold and put it in Bitcoin.

The new rich have entered and there are still many to enter, those who have entered many have manifested it but the majority who will enter will be anonymous and yes, the more they enter buying, the higher the price will be.

In any case, it is still too early to talk about it. So far, we do not know so many examples of buying bitcoin by large business structures. This phenomenon has not yet become widespread. In addition, the real effect of this will be when states notice it and accept the appropriate conclusions. Cryptocurrency has not even become completely legal in the world, and therefore it and the participants in this market still have many unresolved problems.

btcsmlcmnr

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Quote from: Binary Bounties on April 01, 2021, 12:58:39 PM

I see bitcoin becoming an institutional coin in the nearest future. institutions are beginning to buy bitcoins in billions of dollars. this will automatically reduce the amount of bitcoin in circulation thereby forcing up bitcoin price.

Bitcoin is not created for institutes or big corporations. It is built for all people who can accept it. There are millions of Bitcoin and trillions of its fractions for people to have it. Just if they want or not.

Institutes are one of components in the Bitcoin market but it would go wrong if you conclude Bitcoin is only for them. It wi break the decentralization of Bitcoin, in network hashrates and wealth distribution.

Not all addresses in the rich list belong to institutes.
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

aysg76

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Quote from: Binary Bounties on April 01, 2021, 12:58:39 PM

I see bitcoin becoming an institutional coin in the nearest future. institutions are beginning to buy bitcoins in billions of dollars. this will automatically reduce the amount of bitcoin in circulation thereby forcing up bitcoin price.

The major institutions are investing huge funds into the Bitcoin market due to their billions of dollars funds and yes they are taking advantage of this by gaining huge profits but we need to understand that even after such huge investments they are getting tiny share of the total supply due to price increase in btc and circulation in market shrinking.Retail investors are also slowing moving and growing into the market and funds moving into market cap.This image illustrates that retail investors are slowing taking over the market and in long run both will play hand to hand.

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Bitcoin is not meant to be tool for rich but rather a payment method which will can help the people to have freedom for their funds.

yhiaali3

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This talk has two sides. The first aspect is true that large institutions buy large quantities of Bitcoin will lead to a shortage of supply in the market and thus an increase in demand and higher prices, but on the opposite side, if the large institutions offer these large quantities of Bitcoin that they previously bought, this will lead to dumping The market and the supply increased dramatically, and consequently, a significant decrease in the bitcoin price.
This is a worrying thing in fact because most of the large companies are not interested in adopting Bitcoin as an idea, but rather their primary goal is profit, so they will have no objection to selling all the quantities they have when they achieve high profits.

famososMuertos

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Sometimes personal assessments are incorrect or simply, although poorly raised, only reflect a necessary technicality to express oneself and it does not mean complete ignorance of what is being talked about, it is something like or similar to "empirical".

The technical interpretation of bitcoin is precise and there are no grays in its understanding, but its influence, use, applications and in general the "revolutionary" premises that many users arrive at can be very empirical and based on an understanding limited to what we believe It is bitcoin, it is a mixture of mistakes, in particular I think it is his case in the approach of his idea.

On the other hand and trying to understand him in his dilemma, you have the effect, "I'm arriving late" so those who have more money are taking away the opportunity to have bitcoin and in that crisis of criteria you are looking for culprits and you want to give (wrong) nuances to bitcoin; the solution, simply invest today in bitcoin, there is also satoshi.

pealr12

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Quote from: Reid on April 03, 2021, 09:07:45 AM

No, I don't think so.
That is why we mostly witness private companies buying it in large amounts.
It's their own money and not as part of something else.

Someday it will still circulate if the usage will really happen. But, we can't just see it now.
I do use the gambling perspective to see the future and also for me to understand easily what will happen someday.
Gamblers using bitcoin as means to gamble and sites will pay in the same currency. Same thing as what is happening in the market. (wet or dry) Grin

Don't compare what the institution is accumulating with gambling sites, those are far from each other, right now, an institution can buy up to a million btc if they choose and that amount will be in reserve and under the control of some few individuals, can that be compare to what a gambling site is paying out to users! Like it or not, only big institutions that can afford to buy huge amount of btc and if they do that gives them some certain level of power to be able to influence the market with what to hold,
If not now, but soon when btc is coating about $100k, only institutions and very few individuals can buy 1 btc and above.

Reid

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No, I don't think so.
That is why we mostly witness private companies buying it in large amounts.
It's their own money and not as part of something else.

Someday it will still circulate if the usage will really happen. But, we can't just see it now.
I do use the gambling perspective to see the future and also for me to understand easily what will happen someday.
Gamblers using bitcoin as means to gamble and sites will pay in the same currency. Same thing as what is happening in the market. (wet or dry) Grin

Bitstar_coin

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Yes some how that is where btc is heading, "an institutional coin" because as it is the price of btc is do high that only very few individuals can afford to buy a whole 1btc, in essence btc is gradually turning into institutional coin because of the high price.

The Cryptovator

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I know institutional investment pushing up Bitcoin price, but I do not agree to call it an institutional coin. Tesla invests a huge amount in Bitcoin, it doesn't mean we should call it Tesla coin. Investing in Bitcoin simply means they are accumulating (buying) Bitcoin. But yes, due to the holding period of institutional investor's total circulation reduction from the market and this is the main reason for the increasing price. So for me, Bitcoin is an independent decentralized coin forever. Doesn't matter who investing or buying it.

Stalker22

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Quote from: Binary Bounties on April 01, 2021, 12:58:39 PM

I see bitcoin becoming an institutional coin in the nearest future.

Bitcoin is a useful tool for everyday consumers and entrepreneurs who might not be able to access the traditional banking system easily, and it's a potential alternative to traditional currencies, money transfer and payment services. It is not only a "cryptocurrency," but also a "digital currency" with equal standing in any segment of "traditional currencies."

In the future, I believe we will see more institutions and countries embrace digital currencies.

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