Firefighters pension fund invests 25$ million in crypto

wxa7115

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Quote from: ultrloa on November 13, 2021, 05:11:38 PM

Quote from: palle11 on November 13, 2021, 03:18:40 PM

This huge investment coming into bitcoin blockchain is a reason we may see bitcoin price not dropping greatly because it gives smaller investors hope for bull this season. The dominance of bitcoin and increase marketcap is keeping more investors to hodl. Comparing the 2017 to this time, the volatility is steadily increasing .

What happened on 2017 is just purely a bubble and the adoption by that time was not so huge that's why we see the dumping is continuous when the market is on bear since no one actually catch up the price when its falling and the one people does at that time is selling and getting panic when everything is collapsing but now institutional imvestors are in crypto many big names and rich guys are now supporting it so we cannot expect a hard dump now since bitcoin is a strong currency now and that decision they made for investing their pension for longterm is maybe a good decision since they can possibly get more money from it un future once bitcoin pump and reach for 6 digits in figures.

Agreed, what is happening now is what we thought it was happening in 2017, back then there was this expectation the world at large will see the development of bitcoin and will see how much potential it had and they will come to the market, but that did not happen, which is what eventually caused the money to run out and the crash we all remember.

However this time things are slightly different in the way we now have the support of institutional investors and instead of a decrease in that support it is to be expected that it goes up, so any crash we may see in the price is no going to be as bad as what we experimented before.

paxmao

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Interesting news. Pension & retirement funds from the public sector are amongst the largest beast of nature in the market. These normally put their funds into stable, well cared for companies that rarely give surprises - like dividend kings or large bond issuing corporations, utilities,... The fact that this fund has chosen bitcoin is really good news but also speaks of the craze of a market in which interest are yielding nearly nothing.

kryptqnick

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Pensions come from a state fund in my country, and there's a part of taxes that goes towards the fund. But as our Minister of Finance said recently, anyone younger than 40 in 2021 cannot even hope to get this pension because the nation's getting older and the fund can barely pay the benefits to people who are already entitled. So instead, our country will be moving towards state-owned and private pension funds that invest money into things. AFAIK, pension funds usually aren't allowed to make investments that aren't deemed low-risk, and it's not the first time I see a pension fund investing some money into Bitcoin. So I suppose it means Bitcoin isn't considered a high-risk investment, which is good news.

Flexystar

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This one is both positive and negative in many senses. I mean they are staking the government funds which are supposed to fund the pensions of fire fighters. They won’t like it if Singh loses it over crypto currencies volatility. I am not concern about the bitcoin that much but imagine ETH being unlimited in number could have down turn in the future and they could swap the whole 25 millions in blink of an eye if ETH fell for stupid reason.

The positive stuff here is easy, you have staked the money, you can grow it with the time of bitcoin and eth grows and this more money to spare on government pension schemes.

Although they might have thought this through and staking just 0.5% money it’s worth a shot.

Cling18

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Quote from: pealr12 on November 07, 2021, 09:15:21 AM

Well this type of investment from institutions are good news to the btc community, it boost the reputation of btc in the eyes of other institutions even higher, I guess when btc price has hit a much higher price this investment will increase the total funds of the company. Good decision by the firefighters.

It will surely have a positive impact on the situation of Bitcoin but it also has a huge risk for pensioners especially if they have entered the market during the ATH. However, Bitcoin is still surprising and it could even exceed our expectations. Lots of pensioners are already securing their money in crypto which simply means that it's the best investment for a long-term run so far.

ultrloa

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Quote from: palle11 on November 13, 2021, 03:18:40 PM

This huge investment coming into bitcoin blockchain is a reason we may see bitcoin price not dropping greatly because it gives smaller investors hope for bull this season. The dominance of bitcoin and increase marketcap is keeping more investors to hodl. Comparing the 2017 to this time, the volatility is steadily increasing .

What happened on 2017 is just purely a bubble and the adoption by that time was not so huge that's why we see the dumping is continuous when the market is on bear since no one actually catch up the price when its falling and the one people does at that time is selling and getting panic when everything is collapsing but now institutional imvestors are in crypto many big names and rich guys are now supporting it so we cannot expect a hard dump now since bitcoin is a strong currency now and that decision they made for investing their pension for longterm is maybe a good decision since they can possibly get more money from it un future once bitcoin pump and reach for 6 digits in figures.

sana54210

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Quote from: KennyR on November 12, 2021, 04:25:02 PM

Quote from: Vaculin on November 12, 2021, 02:27:16 PM

In crypto, if you don't take the risk, then you will never experience the profits you're always dreaming of. But the firefighters might be so brave and even fearless that they are taking such risk with a very huge amount of funds. If bitcoin price will bloom in the future, then all of them will be possible future billionaires in the making. However, if the value ends up very low which i think will always be possible with such a volatile coin, then they should start accepting the fact that they have made a very bad decision once in their life.

This isn't gonna be their bad decision of life even if there is massive drop out of market volatility. The organization will experience loss only if they're in need of the fund immediately or within specific time frame. If the fund is an investment to make profit without time deadline, then the firefighters have done the right thing at the right time. Because they should have the ability to hold until the market turns bullish.

They won't have to worry about it in the short term. They are not putting every single dollar they have into crypto, just like many other big companies and hedge funds, they are putting just a small portion of their whole fund into this.

It means that if in the short term the price drops a lot (which I believe they bought way before this period, so they are already in profit) that means they could just hold it and wait. They could use every other investment they have and the liquidity they have to pay for the pension needs of the people who gets it, and then when crypto goes up they could sell some of that and put it in other stuff and keep the initial 25 million in. The ability to wait out the crashes is the thing that makes these rich people get richer.

palle11

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This huge investment coming into bitcoin blockchain is a reason we may see bitcoin price not dropping greatly because it gives smaller investors hope for bull this season. The dominance of bitcoin and increase marketcap is keeping more investors to hodl. Comparing the 2017 to this time, the volatility is steadily increasing .

izsara

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Quote from: Vaculin on November 12, 2021, 02:27:16 PM

Quote from: izsara on November 12, 2021, 01:58:29 PM

Quote from: Kakmakr on November 08, 2021, 06:18:21 AM

Even though Bitcoin might be regarded as a high risk investment, it is good for these pension funds to take some risk for possible high returns. The 0,5% investment of the total Pension fund is hardly a drop in a ocean ...so a total collapse in Bitcoin will not even hurt it.

The $25 000 000 investment can be one of their best decisions in a couple of years... or it can go to zero. (I have seen 800% profits on my Bitcoin investments, so I am very happy with my decision) Wink

this is a pretty good thing even if it's just a drop from the ocean as you say.
on the other hand to be 0 I think it's very impossible to happen but seeing you have made such a big profit is one of the most extraordinary achievements and I am also motivated by what you do with such profits.
Of course this requires a long process and time, but I will not skip this process because it is with a process like this that makes us have a good achievement.

In crypto, if you don't take the risk, then you will never experience the profits you're always dreaming of. But the firefighters might be so brave and even fearless that they are taking such risk with a very huge amount of funds. If bitcoin price will bloom in the future, then all of them will be possible future billionaires in the making. However, if the value ends up very low which i think will always be possible with such a volatile coin, then they should start accepting the fact that they have made a very bad decision once in their life.

With the adoption rate growing and the market cap increasing, I can guarantee they have nothing to lose for now.
it's true here is the riskiest and most volatile place but on the other hand actually with the development of bitcoin getting better it's not a big problem because if you look at the development of bitcoin every year it always increases and it will be very difficult to make them worthless for now.

BlackMan8

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This is indeed good news. When more and more people see Bitcoin, more and more institutions will see Bitcoin, which may be able to further promote the development of Bitcoin. In the future, cryptocurrency may become the mainstream (mainstream of investment).

KennyR

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Quote from: Vaculin on November 12, 2021, 02:27:16 PM

Quote from: izsara on November 12, 2021, 01:58:29 PM

Quote from: Kakmakr on November 08, 2021, 06:18:21 AM

Even though Bitcoin might be regarded as a high risk investment, it is good for these pension funds to take some risk for possible high returns. The 0,5% investment of the total Pension fund is hardly a drop in a ocean ...so a total collapse in Bitcoin will not even hurt it.

The $25 000 000 investment can be one of their best decisions in a couple of years... or it can go to zero. (I have seen 800% profits on my Bitcoin investments, so I am very happy with my decision) Wink

this is a pretty good thing even if it's just a drop from the ocean as you say.
on the other hand to be 0 I think it's very impossible to happen but seeing you have made such a big profit is one of the most extraordinary achievements and I am also motivated by what you do with such profits.
Of course this requires a long process and time, but I will not skip this process because it is with a process like this that makes us have a good achievement.

In crypto, if you don't take the risk, then you will never experience the profits you're always dreaming of. But the firefighters might be so brave and even fearless that they are taking such risk with a very huge amount of funds. If bitcoin price will bloom in the future, then all of them will be possible future billionaires in the making. However, if the value ends up very low which i think will always be possible with such a volatile coin, then they should start accepting the fact that they have made a very bad decision once in their life.

This isn't gonna be their bad decision of life even if there is massive drop out of market volatility. The organization will experience loss only if they're in need of the fund immediately or within specific time frame. If the fund is an investment to make profit without time deadline, then the firefighters have done the right thing at the right time. Because they should have the ability to hold until the market turns bullish.

Finestream

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Quote from: wxa7115 on November 12, 2021, 01:37:16 PM

Quote from: uneng on November 06, 2021, 01:47:42 PM

Although 25$ million represents less than 0,5% of their total funds, I think that is good news for bitcoin and ethereum enthusiasts. Serious investors help crypto currencies to grow solid and dilute volatility, what prevents deep corrections and crashes in the market. News like this should be spreaded to most people as possible, so they can also suggest crypto investments for the pension funds or investment funds in general they belong.

Do you agree news like this have a positive impact or are they indifferent in your opinion?

The amount is too small to generate any kind of big impact, however it does not means it is not positive and it is a sign of things to come, many books about investing recommend having a small amount of your capital in a store of value just in case the economic system happened to crash.

The amount allocated to this depends on the author with some recommending something as little as 1% while others recommend as much as 10%, so while 0.5% is even lower than the minimum I have seen, I think this will become a tendency as more institutional investors and funds get interested in the market we will see them investing a small amount of their capital in the market, causing a slow and steady growth over the next decades.

After this, we will expect more big institutions to start investing in crypto as they will start to realize how valuable crypto is. Although this brings a lot of risk since you are risking your funds with no definite returns, but if you have faith in crypto particularly with bitcoin, all these risks and fears will turn into a huge profits that will make your investments definitely worth it. Maybe its just a matter of courage so you can reach to a point where you can say that this is the real life you want to live for. Not just big institutions i guess but also big names all over the world.

Vaculin

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Quote from: izsara on November 12, 2021, 01:58:29 PM

Quote from: Kakmakr on November 08, 2021, 06:18:21 AM

Even though Bitcoin might be regarded as a high risk investment, it is good for these pension funds to take some risk for possible high returns. The 0,5% investment of the total Pension fund is hardly a drop in a ocean ...so a total collapse in Bitcoin will not even hurt it.

The $25 000 000 investment can be one of their best decisions in a couple of years... or it can go to zero. (I have seen 800% profits on my Bitcoin investments, so I am very happy with my decision) Wink

this is a pretty good thing even if it's just a drop from the ocean as you say.
on the other hand to be 0 I think it's very impossible to happen but seeing you have made such a big profit is one of the most extraordinary achievements and I am also motivated by what you do with such profits.
Of course this requires a long process and time, but I will not skip this process because it is with a process like this that makes us have a good achievement.

In crypto, if you don't take the risk, then you will never experience the profits you're always dreaming of. But the firefighters might be so brave and even fearless that they are taking such risk with a very huge amount of funds. If bitcoin price will bloom in the future, then all of them will be possible future billionaires in the making. However, if the value ends up very low which i think will always be possible with such a volatile coin, then they should start accepting the fact that they have made a very bad decision once in their life.

izsara

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Quote from: Kakmakr on November 08, 2021, 06:18:21 AM

Even though Bitcoin might be regarded as a high risk investment, it is good for these pension funds to take some risk for possible high returns. The 0,5% investment of the total Pension fund is hardly a drop in a ocean ...so a total collapse in Bitcoin will not even hurt it.

The $25 000 000 investment can be one of their best decisions in a couple of years... or it can go to zero. (I have seen 800% profits on my Bitcoin investments, so I am very happy with my decision) Wink

this is a pretty good thing even if it's just a drop from the ocean as you say.
on the other hand to be 0 I think it's very impossible to happen but seeing you have made such a big profit is one of the most extraordinary achievements and I am also motivated by what you do with such profits.
Of course this requires a long process and time, but I will not skip this process because it is with a process like this that makes us have a good achievement.

wxa7115

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Quote from: uneng on November 06, 2021, 01:47:42 PM

Although 25$ million represents less than 0,5% of their total funds, I think that is good news for bitcoin and ethereum enthusiasts. Serious investors help crypto currencies to grow solid and dilute volatility, what prevents deep corrections and crashes in the market. News like this should be spreaded to most people as possible, so they can also suggest crypto investments for the pension funds or investment funds in general they belong.

Do you agree news like this have a positive impact or are they indifferent in your opinion?

The amount is too small to generate any kind of big impact, however it does not means it is not positive and it is a sign of things to come, many books about investing recommend having a small amount of your capital in a store of value just in case the economic system happened to crash.

The amount allocated to this depends on the author with some recommending something as little as 1% while others recommend as much as 10%, so while 0.5% is even lower than the minimum I have seen, I think this will become a tendency as more institutional investors and funds get interested in the market we will see them investing a small amount of their capital in the market, causing a slow and steady growth over the next decades.

Leviathan.007

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Quote from: uneng on November 06, 2021, 01:47:42 PM

Although 25$ million represents less than 0,5% of their total funds,

The first part of this story is really interesting for me. according to this passage, he didn't risk even 1 percent of this total funds into this market and this shows us how they do risk management and how they manage their total fund many people are going all in hoping to earn millions of dollars in a few hours which is totally wrong. However, other than the money management point, I see a shiny future and better situation whenever I find an article like this one saying about investing in the crypto market.

GeorgeJohn

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Quote from: palle11 on November 07, 2021, 01:36:16 PM

Quote from: uneng on November 06, 2021, 01:47:42 PM

Do you agree news like this have a positive impact or are they indifferent in your opinion?

This is the angle that I'm considering. If such amount of money be pumped into buying cryptocurrency that is huge and it will push more liquity, pricing is going to appreciate. This is a positive news that make hodlers that understand the market to buy more in expectation of increase.

From my views both the market price getting accelerated or appreciate as you side, all are correct, i just want to let you know even the news alone will increase the chances of increment of cryptocurrency especially bitcoin which the investment is pointing fingers at, at least more people will began to invest in bitcoin if they have equivalent opportunity of money for investment, all these, is another method of promoting bitcoin, because the news have gone viral and many more will like to follow the step, while the process of following the step, bitcoin will be getting accelerated as i said initially.

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Quote from: uneng on November 06, 2021, 01:47:42 PM

Do you agree news like this have a positive impact or are they indifferent in your opinion?

I agree with others that the possible impact is going to be very limited, but the important thing here is that little by little it will become more and more common for pension funds to allocate a small part in crypto (I would say better just Bitcoin). They also cannot allocate a large percentage because of the volatility. They need stability in the price to pay those who are retiring and as the price of Bitcoin today is not stable but volatile, the only way they can include it and avoid that volatility is to invest only a small part of the portfolio.

dezoel

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I understand that there are some places that will keep on investing into crypto that is worthy of news. However do we really think that firefighters pension fund investing 25 million is really a newsworthy thing? We literally had Tesla buying 1.5 billion dollars worth of bitcoin this year, it was literally this year, that is 60x more money. So at this point I say we should not be shocked about big financial investments in crypto.

You know what would be newsworthy? Amazon buying 1+ billion dollars worthy, or microsoft creating their own token etc etc, those are big names that actually have a meaning. So, if Elon tweets he will buy 25 million dollars worth of bitcoin, that would increase the price of bitcoin way more than firefighters pension fund could ever increase.

Kakmakr

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Even though Bitcoin might be regarded as a high risk investment, it is good for these pension funds to take some risk for possible high returns. The 0,5% investment of the total Pension fund is hardly a drop in a ocean ...so a total collapse in Bitcoin will not even hurt it.

The $25 000 000 investment can be one of their best decisions in a couple of years... or it can go to zero. (I have seen 800% profits on my Bitcoin investments, so I am very happy with my decision) Wink

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