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Topic: Do not be too happy - page 6. (Read 1089 times)

sr. member
Activity: 1120
Merit: 272
First 100% Liquid Stablecoin Backed by Gold
January 09, 2021, 02:09:51 AM
#6
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.
sr. member
Activity: 2436
Merit: 455
January 09, 2021, 02:07:36 AM
#5
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 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.
hero member
Activity: 3164
Merit: 937
January 09, 2021, 01:41:00 AM
#4
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.
hero member
Activity: 1344
Merit: 540
January 09, 2021, 01:37:35 AM
#3
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.
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.

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
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.
jr. member
Activity: 70
Merit: 1
January 09, 2021, 01:32:04 AM
#2
Yeah, you do have a valid point. This is promoting more and more centralization.
member
Activity: 312
Merit: 24
January 09, 2021, 01:21:52 AM
#1
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
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