Do not be too happy - page 5. | Bitcointalksearch.org

jasonjm

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Quote from: mr_ROBOTT on January 09, 2021, 01:21:52 AM

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

Agreed, with the involvement of the institutions and firms it will be difficult for retail users to gain enough profit as they can manipulate the price at will. Paypal has already announced that you can buy crypto through Paypal and with more companies coming in, we will see more volatility in short term to remove all retail crypto holders through panic selling.

RokokGudangGaram

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Yeah you are right as bitcoin and other crypto prices can be easily monopolize by big whales or big investors as their decision can easily affect the market because their holding are quite huge wherein the market can easily crash if the big investors will decide to start to dump their holdings.

For investors, it is not bad to become happy on what is happening right now but we should be wise, careful and always monitor the movement of the market so we can maximize our profit as much as possible.

gurunanakji777

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I somewhat agree with you but it depends on a trader whether he/she is ready to take risk of holding or not. In my opinion long-term holding would be the good idea if you are not afraid of the daily fluctuation of Btc even there are many traders who did not sold when BTC touches last year its low because they have a faith in Btc and today we can see they are in unbelievable profit. Market makers everywhere manipulate the market and we can not do anything on that. Those who are in profit is quite happy now provided they book the profit.

GeorgeJohn

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People should be happy because the adoption of these companies in bitcoin is one of the major reason while bitcoin is going up to these extend, because in history of btc it has not gotten to these rate in price before, everyday or every two days bitcoin keeping on adding values, my major concern concerning the increments is that with these measure I don't think someone persons can afford purchasing one bitcoin like before because of companies involves in cryptocurrency and bitcoin in particular, I'm just seeing that all these companies are buying and holding btc, which if my taught is real it will be difficult to buy bitcoin in future if the rate persists by raising the way its currently.

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Quote from: mr_ROBOTT on January 09, 2021, 01:21:52 AM

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…

I don't get too excited about all the new companies buying bitcoin, I know the have other motives that revolves around profiting from the industry not minding if it goes down the drain in the process. We know there's no way all this companies will come into the industry and not make their presence felt either via manipulating the market directly or indirectly through creating fomo etc.

Among all that have bought bitcoin of recent (I'm speaking about the Institutional investors), that of paypal was the one I felt a little bit of excitement as their involvement in the industry will be bringing more utilities with time. Firstly they'll be increasing the mainstream reach of the currency and with time they'll begin introducing features that'll boost the adoption of the currency.

Others are just after the monetizing value the industry will be adding to their companies without adding any value to the growth of the industry in regards to adoption and not just price appreciation.

YOSHIE

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Quote from: mr_ROBOTT on January 09, 2021, 01:21:52 AM

Do not be too happy that big and giant companies are entering the field…

They don't care about it all, at this time the fun has peaked for those who invest in Bitcoin, what they think is to sell and enjoy it all.

No matter the big companies get into Bitcoin and buy up everything, so does the game and fixing a price when they want, what is clear is that everyone today sees and takes all of that, determining something if that's what they have to do, not a challenge anymore for current Bitcoin users, they are satisfied and happy.

hatshepsut93

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People always said that BTC is manipulated, previously it was whales or China, now everyone will blame Wall Street whenever they lose money on their trades. With this logic anything that is traded on free markets os manipulated and controlled by some "elites". But this isn't really true, and Bitcoin has some good example for it. At one point in the past there was a single trader nicknamed bearwhale, who could crash the market by dumping his coins. But at some point the market just absorbed his stash and he went out of the game. Anyone who tries to manipulate such a big market could easily get rekt.

ChrisPop

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It is an open market and we live in capitalism. Whether we like it or not, institutions need to get involved in order to scale Bitcoin globally and promote adoption. Bitcoin supply might get more centralized this way, but remember that there are multiple shareholders in these companies so technically each one of them holds a chunk of the positions.

For the network to function properly it is important that the nodes are decentralized, not really the supply allocation.

kentrolla

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Agree with some stances because ordinary people will buy BTC in craziness as the price is keep in going but they want to be very careful before investing in BTC at this price because this momentum will not keep going the price will surely fall in someday and that's how the market is. Those who bought last year or bought in cheap prices are already in millionaires list.

And yes this is independent market where everyone has rights to enter, so let's don't make it too complicated. Let's have a positive mind and keep going.

mr_ROBOTT

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Quote from: AicecreaME on January 09, 2021, 02:07:36 AM

This is a very selfish opinion, in my opinion. Whoever adopts Bitcoin should not matter, because the whole point is we are achieving Bitcoin massive adoption by these massive companies, and why fear them for manipulating the market if you could wait for the right moment always to convert your Bitcoin? Also, with massive companies, they could easily promote Bitcoin to the whole world because they have more influence than ordinary people.

For example is Elon Musk, a very simple tweet on twitter made a lot of people to go on FOMO and buy Bitcoin. I think with the Government, it would be hard to do that since they will have a lot of explaining it to the community how and why they should start buying Bitcoin.

We can trust large companies and consider them as the basis for the development of bitcoin, when the people of the world have no problem with buying and selling bitcoins, or the temperamental share of bitcoin is in the hands of the people.
If that happens then we can see progress, otherwise bitcoin will become something that has always existed in history, like stock market manipulations that we all know governments are behind.

Quote from: AniviaBtc on January 09, 2021, 02:09:51 AM

Can we just adjust or be patient because we have nothing to do with those big investors if they can somehow manipulate the market.

The only thing we can do is to be patient, adapt, and become more effective in the market when we will deal with it.

I just want you to know that being an investor is really not that easy especially if you are holding a cryptocurrency that is volatile in the market.

We have a lot of things to understand more before we can make this bitcoin investment profitable without being affected by large investors.

We can understand more about this market by knowing the truth.
I agree with you, but we must also keep in mind that sometimes people who are not familiar with this market and make hasty decisions can be toys.

Casdinyard

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The market price will rise and fall anyway, even without the 'help' of these big companies. There is indeed a possibility for these businesses to manipulate the market price due to their holdings but I don't think changes will be for a long run given that there is no one having that huge amount to do so. Also, as from what I have read these past few months, companies adopting this technology are more into taxation because they are third party networks, in general. If if they would choose to enter the 'game', they will be also at risk due to the nature of market volatility. So I'd say it is still quite fair and the only difference of them is having larger amount of Bitcoin, perhaps in this case.

rollingdice

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When multimillionaire companies buy Bitcoin, ordinary people start to realize that Bitcoin is a worthy investment. Maybe it's the reason to be happy.

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Quote from: mr_ROBOTT on January 09, 2021, 01:21:52 AM

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 don't agree at all. Big companies cannot manipulate the price so easily. They can influence the price more than individuals, of course, but when institutional investors started buying more than 18 million BTC had been mined already. Also, as price and market cap increases, price is more difficult to manipulate.

I am really happy that they entered the market and I will be more happy if more companies enter. What you are defending is kind of communism where bitcoin is equally distributed all over the world and I don't agree with that. Those who mined or invested early and still hold some have the right to profit more. Likewise, those who invest today have the right to have more profits than those who will do in 10 years time.

mr_ROBOTT

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I did thought that everyone would appreciate if these big firms entered crypto just as they have done now? I used to read topics in these boards in the past and one of people's wish was to see Bitcoin get massively adopted by individuals, banks, big firms and government coz that would help the price grow. The price has grown now due to their involvement but they can chose to sell or manipulate the market and they own majority share of Bitcoin coins.

And having such a leaf share of the market by whales and large companies can move the market in any situation and, contrary to popular belief, sometimes move quite the opposite.

Quote from: cryptomaniac_xxx on January 09, 2021, 01:37:35 AM

On the contrary, who are stopping these big companies from entering the field? This is open market and we can't really control who or what entity are going to buy. Besides, ordinary people can invest or used bitcoin as form of money.

Again, I find your argument flaw in the beginning. From Africa to Asia, anyone can invest, so it is still distributed all over. It's not just US big companies are entering, there are also wealthy people from Mexico to Asia, so there's nothing wrong with the current market situations. And it's good the bitcoin has evolved has well.

The evolution of bitcoin has not yet happened. When we can see that all the people of the world are familiar with bitcoin, as now all people know what the dollar is.
You also know that many countries from Asia to the United States are opposed to Bitcoin, and if I were to write a list of these countries for you, the list would definitely be long.
Hopefully, as you said, one day bitcoin will evolve.

Quote from: davis196 on January 09, 2021, 01:41:00 AM

Yeah,but the ordinary people are seeing that large companies trust Bitcoin,so Bitcoin will definitely look more legit in the eyes of the "Average Joe".
Manipulating the BTC price is illegal and large banks and corporations still have to comply with the rules set by the government officials.
Bitcoin cannot be "distributed equally".The people and companies with more money will get more Bitcoins.Unfortunately the poor are excluded from the distribution of wealth and resources.That's how capitalism works.
I'm not happy,because I don't have enough Bitcoins. Grin

Institutional investors might bring a little bit more stability to the BTC market,because the small investors and crypto traders are more into short term trading,so they are more likely to panic sell and leave the market,when a price crash occurs.

Your opinion is completely correct and I can say that you have a correct understanding of the market. Wink

As you said, big companies will always have a large share of bitcoin and will use it in long-term transactions, and poor and ordinary people must either live without bitcoin or have a very small share and become a toy of the policy of these companies. Huh

[moderator's note: consecutive posts merged]

tabas

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You have a point but bitcoin is about freedom and everyone can use and buy it at all certain levels of life. Normal and ordinary guy or an entire enterprise and corporation. Nothing stops them and individuals to buy bitcoin.
As long as they're happy to buy it, we all should be happy if there are more investors coming and making bitcoin's price higher.

Lorence.xD

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Quote from: ?? on ??

I did thought that everyone would appreciate if these big firms entered crypto just as they have done now? I used to read topics in these boards in the past and one of people's wish was to see Bitcoin get massively adopted by individuals, banks, big firms and government coz that would help the price grow. The price has grown now due to their involvement but they can chose to sell or manipulate the market and they own majority share of Bitcoin coins.

They can manipulate the market, they have the bigger amount now which really is scary if you think about it. The only solution is to hodl to your bitcoin even if the price is still increasing because they might be planning on monopolizing the prices by selling them when there is nothing available at the exchanges. Their dumps will send waves that everyone will definitely feel.

GreatArkansas

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Those people who are happy or excited about this are those already have position or already accumulated more Bitcoin, that's why they are excited and eager to pump the market.
You can see some of people like this on social media, just like what I saw in Twitter about talking Tesla and Bitcoin, like how the Bitcoin price will react if Tesla will announce that they are already buying Bitcoin before as company's reserve. It is possible for me and they have also point that it may pump, Tesla is one of the giant companies these days.

Latviand

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Quote from: mr_ROBOTT on January 09, 2021, 01:21:52 AM

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.

But unfortunately, world doesn't work that way and we need to accept that life is so unfair.

That's the reason why there are a lot of investors who are working hard to make their assets grow in the market and bitcoin is the number 1 utilized cryptocurrency for growth of investments. And if bitcoin will equally distributed then probably its value will become lesser than today.

We just need to act depending on the situations in the market so that we can somehow make our investments grow and still.

mr_ROBOTT

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Quote from: Walterhank on January 09, 2021, 01:32:04 AM

Yeah, you do have a valid point. This is promoting more and more centralization.

Concentrations in this market should be controlled and he was happy that a large share was controlled by ordinary people.

btc_angela

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Wrong mindset to begin with, yes we understand that those institutions and big companies are taking much of the bitcoins right now but as average investors, we can still get BTC in small portions. And you have to remember that they are investing on it not as a speculative asset, meaning they are not going to sell, instead put their reserve asset into bitcoin as a hedge. That's why manipulators are going to have a difficult time to dump hard in order to take advantage of noobs. Now these institutional investors have change the game so we also need to adapt to it.

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