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Topic: Do not be too happy - page 3. (Read 1089 times)

sr. member
Activity: 1638
Merit: 300
January 23, 2021, 03:22:09 PM
#63
That doesn't mean anything since there are already a lot of individual that owns a lot of bitcoins than those companies. It shouldn't matter as there are a lot of hands out there that holds bitcoin and can make an effect in the market. They are not the only one taking a profit, a lot of people does. If the price falls then a lot of people would be having new chances to reinvest.
hero member
Activity: 1750
Merit: 904
January 23, 2021, 03:18:00 PM
#62
It's probably a positive influence on Bitcoin and its price.
It has already read positive impact on Bitcoin market and price but we still need to prepare for what may happen when it market bloodbath which is the season i expect the institutions to dump their holding.

However, I don't think it's a good thing for small traders and investors. The market can easily be manipulated by flooding it with extensive amounts of Bitcoin, driving price down.
Honestly, it a good thing for small traders and investors who can ride along with the institutions decision but I don't like the idea of trading 24/7 though.

Did notice it once, when I was trying to sell on Bitstamp, there were several large Bitcoin transactions (Over 2-3 BTC) and drove the price downwards in a matter of minutes.
Things should be expected and what you ought to do if you are not selling for an emergency reason is to hold on until the market pump in price.

I totally agree with everything that you've pointed. Definitely, even us, smaller investors can (Have already to be honest) benefited from this situation. If it wasn't for them, the price wouldn't be on the levels it is today. It definitely have both advantages and disadvantages.
Valid points, indeed.
hero member
Activity: 2268
Merit: 579
Vave.com - Crypto Casino
January 23, 2021, 03:07:22 PM
#61
It's probably a positive influence on Bitcoin and its price.
It has already read positive impact on Bitcoin market and price but we still need to prepare for what may happen when it market bloodbath which is the season i expect the institutions to dump their holding.

However, I don't think it's a good thing for small traders and investors. The market can easily be manipulated by flooding it with extensive amounts of Bitcoin, driving price down.
Honestly, it a good thing for small traders and investors who can ride along with the institutions decision but I don't like the idea of trading 24/7 though.

Did notice it once, when I was trying to sell on Bitstamp, there were several large Bitcoin transactions (Over 2-3 BTC) and drove the price downwards in a matter of minutes.
Things should be expected and what you ought to do if you are not selling for an emergency reason is to hold on until the market pump in price.
hero member
Activity: 1750
Merit: 904
January 23, 2021, 02:46:48 PM
#60
It's probably a positive influence on Bitcoin and its price. However, I don't think it's a good thing for small traders and investors. The market can easily be manipulated by flooding it with extensive amounts of Bitcoin, driving price down. Did notice it once, when I was trying to sell on Bitstamp, there were several large Bitcoin transactions (Over 2-3 BTC) and drove the price downwards in a matter of minutes.
legendary
Activity: 3136
Merit: 1172
Leading Crypto Sports Betting & Casino Platform
January 23, 2021, 02:22:28 PM
#59
Do not be too happy that big and giant companies are entering the field…
Because they set the price up and down whenever they want…
You should be happy when ordinary people invest more than big companies.
In simpler terms, it is much better if bitcoin or anything else that exists is distributed all over the world and reaches individuals and companies equally, or, as the saying goes, does not accumulate together.
Wherever governments or large corporations stand, they are sure to determine everything.
Successful and healthy  Wink

I think the institutions investments are for a longer term and they don't just buy to dump and buy back again cheap. Although if all of the institutions started to buy the bitcoin, it will become very expensive and the wealth (bitcoin) will remain in the hand of the rich.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
January 23, 2021, 02:18:00 PM
#58
Do not be too happy that big and giant companies are entering the field…
Because they set the price up and down whenever they want…
You should be happy when ordinary people invest more than big companies.
In simpler terms, it is much better if bitcoin or anything else that exists is distributed all over the world and reaches individuals and companies equally, or, as the saying goes, does not accumulate together.
I doubt if those huge financial institutions would dump their bitcoin, cause they actually bought bitcoin as a store of value not for trading purpose, and besides the only guys I know who pump and dump price are the whales during the 2017, they literally had control over bitcoin price, and I agree with you it's good if bitcoin is more adopted and bought by normal individuals around the world than financial institutions owning them,but there's nothing we can do the normal individuals don't have much money while the financial institutions have alot of money to invest, so its still okay that way.
While I believe the same, it is impossible to completely know what a person or group of persons are going to do in the future, after all what will happen if those institutional investors suddenly make a lot of bad moves and they are forced to sell their bitcoin?

They will have to sell at whatever price the market is giving them and most likely there will not be enough liquidity to absorb all of those coins bringing a crash in the process, I know it is unlikely but we must remember that anything can happen in the markets.
jr. member
Activity: 33
Merit: 1
January 18, 2021, 01:32:12 PM
#57
That is why you shouldn't sell, can't give those in power more than what they already have
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
January 18, 2021, 10:31:37 AM
#56
I guess people are being more adaptive on getting into Bitcoin because they find a strong reason why to get into it for the fact that when big companies invest into it, surely it is legitimate and will be worthy to get engage with. Ordinary people and big companies have their own free will to decide whether they will invest or not and there is no need to set boundaries or to give way just to let ordinary people to invest with Bitcoin because the fact that Bitcoin have already existed long years ago, it is their choice that they have just lately realize the importance and worth of Bitcoin. But still there is a point on the argument stated that can still be considered why we still cannot full be glad about what is happening because only few can adapt on having and using Bitcoin.
full member
Activity: 1190
Merit: 123
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January 17, 2021, 04:07:08 PM
#55
Do not be too happy that big and giant companies are entering the field…
Because they set the price up and down whenever they want…
You should be happy when ordinary people invest more than big companies.
In simpler terms, it is much better if bitcoin or anything else that exists is distributed all over the world and reaches individuals and companies equally, or, as the saying goes, does not accumulate together.
I doubt if those huge financial institutions would dump their bitcoin, cause they actually bought bitcoin as a store of value not for trading purpose, and besides the only guys I know who pump and dump price are the whales during the 2017, they literally had control over bitcoin price, and I agree with you it's good if bitcoin is more adopted and bought by normal individuals around the world than financial institutions owning them,but there's nothing we can do the normal individuals don't have much money while the financial institutions have alot of money to invest, so its still okay that way.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
January 17, 2021, 12:58:13 PM
#54
In simpler terms, it is much better if bitcoin or anything else that exists is distributed all over the world and reaches individuals and companies equally, or, as the saying goes, does not accumulate together.
Wherever governments or large corporations stand, they are sure to determine everything.
Successful and healthy  Wink
Nah, I have never been happy about it, because I have been seeing how these companies are buying up lots of bitcoins with their huge money and I don’t really like it. What you said here is what I have always wanted, I want Bitcoin to be more distributed to individuals and not even companies.

Although some are happy because they only care about how much the price will increase as companies continues to invest their money in this market. But will these companies hold their assets forever? They definitely would not, because they will want to sell at some point, and since they a huge position, it will affect the market seriously.
Without a doubt this is one of the dangers of institutional investors coming to this market and becoming whales in the process, the whales that we had so far were for the most part people that really believed in bitcoin for the long term and as such they kept most of their coins in cold storage, however we cannot expect the very same behaviour from institutional investors and as you say it is likely that at some point they will want to sell.

However some institutional investors that are coming to this market are doing it because they are losing their faith in the dollar and they think that there is a strong possibility that there could be a crash in the economy during the next decade and they are using bitcoin as a hedge against that event and if that is the case then most likely they will not be willing to sell anytime soon either.
full member
Activity: 1100
Merit: 169
January 12, 2021, 04:14:42 PM
#53
Do not be too happy that big and giant companies are entering the field…
Because they set the price up and down whenever they want…
You should be happy when ordinary people invest more than big companies.
In simpler terms, it is much better if bitcoin or anything else that exists is distributed all over the world and reaches individuals and companies equally, or, as the saying goes, does not accumulate together.
Wherever governments or large corporations stand, they are sure to determine everything.
Successful and healthy  Wink
This is right and i believe that the most important thing is to make the majority of people know about crypto and not the big companies because they can manipulate the price to make profits and make the people lose theire investment and stop believing in crypto
full member
Activity: 1708
Merit: 126
January 12, 2021, 09:34:13 AM
#52
Do not be too happy that big and giant companies are entering the field…
Because they set the price up and down whenever they want…
You should be happy when ordinary people invest more than big companies.
In simpler terms, it is much better if bitcoin or anything else that exists is distributed all over the world and reaches individuals and companies equally, or, as the saying goes, does not accumulate together.
Wherever governments or large corporations stand, they are sure to determine everything.
Successful and healthy  Wink
Even if companies and institutions buy bitcoin and set the price, that doesn't stop individual from having access to bitcoin in any way because any one can buy bitcoin at any price all it takes is to buy the value you can afford that is why bitcoin comes in bits.

There might be a problem with the supply in the future where it would be hard for an ordinary individual to accumulate Bitcoin. However, as smart holders, no matter how big companies would manipulate the market, we should still take advantage of every market situation. We can't control huge companies in buying Bitcoin and we can't stop them from selling either so we have to do something to make profit no matter what the market situation is.
sr. member
Activity: 2660
Merit: 339
January 12, 2021, 09:14:38 AM
#51
In simpler terms, it is much better if bitcoin or anything else that exists is distributed all over the world and reaches individuals and companies equally, or, as the saying goes, does not accumulate together.
Wherever governments or large corporations stand, they are sure to determine everything.
Successful and healthy  Wink
Nah, I have never been happy about it, because I have been seeing how these companies are buying up lots of bitcoins with their huge money and I don’t really like it. What you said here is what I have always wanted, I want Bitcoin to be more distributed to individuals and not even companies.

Although some are happy because they only care about how much the price will increase as companies continues to invest their money in this market. But will these companies hold their assets forever? They definitely would not, because they will want to sell at some point, and since they a huge position, it will affect the market seriously.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
January 11, 2021, 05:14:01 PM
#50
Do not be too happy that big and giant companies are entering the field…
Because they set the price up and down whenever they want…
You should be happy when ordinary people invest more than big companies.
In simpler terms, it is much better if bitcoin or anything else that exists is distributed all over the world and reaches individuals and companies equally, or, as the saying goes, does not accumulate together.
Wherever governments or large corporations stand, they are sure to determine everything.
Successful and healthy  Wink
You have a point, however instead of having early adopter whales we are going to have institutional investors becoming the whales so the game as a whole will not change at all.

Also for years we have tried to get regular people in the market and they simply refused to listen, so while I would have liked a distribution of bitcoin that was more even that is something that is not up to me to decide, people had their chance to buy a lot of bitcoin for cheap and if they did not took advantage of the opportunity then that is on them.
full member
Activity: 244
Merit: 100
January 11, 2021, 10:46:53 AM
#49
Why not, I am very happy when a large company enters the crypto market. Because here people judge that the crypto market is more viable than others. Of course this will also increase the value of the crypto and bitcoin population, the more people want to invest.
legendary
Activity: 3010
Merit: 1280
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January 10, 2021, 11:49:39 AM
#48
Do not be too happy that big and giant companies are entering the field…
Because they set the price up and down whenever they want…
You should be happy when ordinary people invest more than big companies.
In simpler terms, it is much better if bitcoin or anything else that exists is distributed all over the world and reaches individuals and companies equally, or, as the saying goes, does not accumulate together.
Wherever governments or large corporations stand, they are sure to determine everything.
Successful and healthy  Wink

It would be better for the BTC economy if what you are saying will happen but I think it is kinda impossible for BTC to reach all people because of the capability of an individual to have the needed devices and money to acquire BTC.  On the contrary, it is also good to have a company and institution to enter the Bitcoin economy because it gives a strong foundation on the market value of BTC.  Besides, the majority of the coin was already mined, and ever since only a few people hold the majority of Bitcoin.  So I don't think it will make a difference in terms of Bitcoin distribution when the institution comes in, but it does make a difference in terms of market valuation.
sr. member
Activity: 2352
Merit: 245
January 10, 2021, 11:42:54 AM
#47
Do not be too happy that big and giant companies are entering the field…
Because they set the price up and down whenever they want…
You should be happy when ordinary people invest more than big companies.
In simpler terms, it is much better if bitcoin or anything else that exists is distributed all over the world and reaches individuals and companies equally, or, as the saying goes, does not accumulate together.
Wherever governments or large corporations stand, they are sure to determine everything.
Successful and healthy  Wink
Why, entry into the cryptocurrency market of large companies is generally very good for the distribution of cryptocurrency. Without a lot of capital, people had no confidence in the future of cryptocurrency. The fact that large corporations are investing their money in cryptocurrency gives people such confidence. They know that large companies invest money only if they are fully confident in the profitability of their investments. One cannot count on states in this matter. They will not actively support the cryptocurrency and invest in it.
legendary
Activity: 3948
Merit: 3191
Leave no FUD unchallenged
January 10, 2021, 11:39:41 AM
#46
The big companies manipulates the value because they have big funds once they sell the coins that they hold fhe result will dump the value and people possible to panic selling and price will dump more and that is the time big companies will invest again and once they rise they will repeat of what they are doing. It is better to have simple investors but a a lot of them needed to success the project..

One thing to keep in mind is that if someone does possess a sizeable amount of wealth and wanted to manipulate the price of an asset, it would still be easier and less costly for them to move the price of an altcoin.  People pump and dump smaller coins all the time.  It's low-hanging fruit.  Smaller coins generally have fewer people holding them.  And the people that do hold them may not have a particularly strong level of confidence in the long-term survival of such coins.  All in all, this makes for weak hands who are likely to sell.  Far easier to manipulate compared to something like Bitcoin.
sr. member
Activity: 485
Merit: 274
January 10, 2021, 10:51:04 AM
#45
I love it. It had driven prices up for the moment but when they start going down they will be the first to start dumping.   Buying a couple of years worth of bitcoin production is just silly.

I suppose if you buy enough bitcoin then you control the market and can charge what you like for them. 
sr. member
Activity: 1624
Merit: 267
January 10, 2021, 10:08:48 AM
#44
The big companies manipulates the value because they have big funds once they sell the coins that they hold fhe result will dump the value and people possible to panic selling and price will dump more and that is the time big companies will invest again and once they rise they will repeat of what they are doing. It is better to have simple investors but a a lot of them needed to success the project..
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