Topic: Firms Taking Advantage of the Bear Market to Enter into the Crypto Space (Read 295 times)

Smart money has always behaved like this, investing during a bear market is a bad idea as it is obvious that you have already missed a great deal of the potential profits you could have had and now you will have to settle for way less, and that is if you are lucky and the bull market continues, smart money does not think or act that way, what they do is to enter the market when it is close to its lowest point and then they just wait, this simple and yet effective strategy is very powerful as once the bull market comes the profits they will accumulate will be huge and if they do this taking advantage of the different cycles of each market then we can see how they can so easily increase their wealth as they are always on the right side of the market.

Those who want to enter the Bitcoin market will always target where Bitcoin is cheaper.  That way there is a huge room for them to get a profit.  Those who company who enter when Bitcoin is  at its peak are just taking advantage of the market transactions and mostly won't contribute to the Bitcoin economy.  And most of those investment firms that entered Bitcoin at its peak are now on the verge of a collapse because of the price dive of Bitcoin and some already filed for bankruptcy.  I believe many companies have learned lessons from these incidents and now taking the opportunity of the bear market.

This is a good initiative from USA states. They are always making things easy for citizens of the Nations.
Many companies that are in the WEST adopt or add Bitcoin to their payment system, the WEST is not like African companies or Marchants that or not ready to develop their economic system because of the corrupt rate of all of them in the political system.
In all markets people are benefiting from it. People can key into the crypto-Bitcoin space in the bear market than the bull market. Because at that time the expenses is not much.

I hope that retail investors or individuals also will do the same because if they are just here for investment then the bear market is their friend, it's accumulation period.
As you can also notice, there is a lot of companies starting to develop some software or any platform that will help Bitcoin ecosystem to be more known/easy to access or easy to use for everyone.

I agree with you that there will be more attention and more news about bitcoin adoption during the bitcoin bull season than during the current bear season.

We should consider what their market entry purpose is, if they only use bitcoin or crypto as payment method then they can join any time not necessarily bear season or bull season. But if the purpose is investment then of course bear season will be a much more perfect season as everything is undervalued, an opportunity to own cheap crypto assets.

Maybe I'm wrong, but I don't think that companies adopt Bitcoin more during the bear market than the bull market. My guess is actually the opposite because it seems that Bitcoin always gets more attention when its value is on the rise. During the bear market, many are in disbelief and few are ready to enter the market. It is a bit hard to assess it all, though, since we'd have to agree what sort of companies (in terms of market capitalization, for example) we're including, what sort of adoption (investing, allowing as payment) we take into account and whether we count only when things are put into action or publicly expressed intentions as well.

The best way to keep the trade in positive is to buy the position for long terms and while it's in the bear. This strategy is very much popular in the share market because big bulls can easily earn profits and if somehow market drops in the later times then they could easily "square off" the long term positions and save themselves from the losses. Well known strategy when it comes to unpredicted market plus in the current situation of world the recession is knocking the doors. Whoever has the money, are the bulls who will be buying and once world recovers they will be selling the market. Thats funny how the saying never gets old, "Rich becomes Richer". The good advice is we should take advantage of them and start buying the coins on individual levels.

And I think we will all agree that they are not even illiterate fools who cannot calculate that globally, less than 5% of people are involved in some activity related to cryptocurrencies. When we add to that the fact that the majority invest in Bitcoin+altcoins exclusively for profit, then we can conclude that all these companies have completely different goals than accepting Bitcoin as a currency, and from the post written by @serjent05 we see in which direction the majority are thinking.

They want metaverse, NTFs, centralized blockchains and everything that can somehow be profitable, even in the short term.

While we're seeing crypto exchanges announcing their closure, here goes the industry leaders that have been long in the finance game for so long and taking their steps.

I agree.

They're just preparing for the bull run and they'll have more assets when the bull run occurs. And as they anticipate that the market will be better than their entry, for sure that they won't waste a chance to take those profits as reserve in preparation for the next cycle.

I have to agree with that they are not friends of bitcoin or trying to advertise it. Rather they have looked some possibilities and how it can come to there advantage. First they look at the bear market and they believe they could earn lots once the bull comes in. Another one could be because of Recession looming about and how it could avoid fiat devaluation, so they just want to reduce the risk of by accepting payment in bitcoin. Thirdly it could be that they found out the cryptocurrency space doesn't not have the Tax inflicted on it just like Hoarding fiat. Most importantly I think they actually wants to draw in costumers to there brands because of the daily evolution of bitcoin and it mass adoption by people. Just like how social media has been used to lure people to some companies they might think people could just easily patronise them ones it has crypto payments options

What about the companies that enter the market during the bull season? I think it has nothing to do with a bear market or a bull market because joining or accepting something new by big companies is evaluated and considered for a long time before making a decision. These companies only accept bitcoins and cryptocurrencies for the purpose of integrating crypto into their applications and providing customers with more choices and for the purpose of attracting customers to them. If they state that they invest and hold any bitcoins or altcoins, it can be said that they are taking advantage of the bear season to enter the market.

I don't have the list, but I would say that this is also the same thing that happen in 2018, lots of institution slowly getting their hands on Bitcoin because it is very cheap. Some are very vocal about it, but I would tend to believed that there are more companies who secretly invested as early at that time and might be revealing themselves just in the last couple of years.

And I guess majority of them have made the right decision that time to invest and continue to accumulate as obviously we have seen the price risen to an eventual bull run of ATH at $69,000.

Talking about the companies that take advantage of the Bear market to enter the crypto space, I think there are lots of them.  This list provides us with some of the company that enter the crypto space this bear market.

Alibaba Group

Walmart

McDonald's

Nike

Tesla
In April 2022, the electric carmaker Tesla, the payments firm Block, and the blockchain company Blockstream announced their collaboration to mine bitcoin with solar power — an energy-intensive process — in Texas.

Amazon

Walt Disney

PepsiCo

Financials

Commonwealth Bank Australia

China Construction Bank

Bank of America

Wells Fargo

JPMorgan

Healthcare

Roche

Tech, Media, and Telecom

SAP

China Mobile

Tata Consultancy Services

Adobe

Apple

Meta

Oracle

Qualcomm

Salesforce

NVIDIA

Energy & Utilities

ExxonMobil


Basic Materials & Industrials

American Express


Mastercard

UPS

Visa

PayPal

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Source: https://www.blockdata.tech/blog/general/the-top-100-public-companies-using-blockchain-in-2022

This year, a large number of businesses adopted cryptocurrencies as a payment method and made significant investments in them. This serves as good news and the right time to do so for them.

In order to increase users and customers who are primarily engaged in one or two cryptocurrencies trading or investment, the majority of businesses, being business ventures, have accepted the use. This makes it possible for their customers to make payments. This news is merely sending out encouraging signals to the bitcoin market, and I anticipate more to follow before the subsequent halving.

We have billions of dollars of daily volume. Obviously, some folks are taking advantage. They can be firms, governments, individuals, anything. Some are stacking for good.

Now as for MoneyGram and Western Union introducing cryptocurrencies to their users: I couldn't care less. People must avoid financial institutions, not embrace them. And when financial institutions work on extending their business to projects that supposedly replace them, you know that the fish stinks from the head.

Yeah even I got to know about this yesterday. Not only JP Morgan but also Meta chose Polygon to start their ventures.
The first thing I did after reading this news was to buy Matic 
I was able to get in at $0.94 and now the price has increased to around $1.15 which is more than 20% gains in just 24 hours.
But the thing is I always mess it up by not selling at the right time. Taking profits is a skill which I am not good at.

The bear market has always been a very big opportunity for billionaires and big companies, because they have large capital and abundant wealth so they can take every opportunity into big profits in the future, actually they take advantage of our fears, they also take the opportunity of our helplessness, so we should never be afraid of entrepreneurs who want to scare us, then they take advantage of our fears, we must be good at following the rhythms they play so that we are not lulled by their words, because in Our business life must have its own predictions, don't ever want to be afraid.

When to enter the crypto market? The answer to this question is a bear market for many. These companies do. It waits for the right time to do and shapes its investments accordingly. This is a sensible move. Many firms must have secretly invested in crypto. Over time they explain that they did it. This is good news for us crypto lovers. I can't name any other companies right now, but like these companies, many companies have stepped into crypto in the bear market.

Looks like they don't want to be late in this trend and they also having some vision for the next bull runs. Look guys! Big companies are moving fast because they know that this bearish market means opportunity and huge money in the future. They just doing their thing. I mean, probably they gave lots of thought before taking advantage of the crypto market and they were just looking at the history of the crypto market and since it make sense to them, they conclude to join others who already doing this.

As for the small investors, we need to carefully not to jump to any conclusion, because rushing to this hype will not bring us anything good.we still need proper research and patience to hold our horses before investing.

To me, it is somewhat illogical for companies to decide on such moves due to a bear market, because it is enough to look at supply and demand and the price of Bitcoin. What I want to say is that more than 1 year can pass until some new FOMO is created, and it is no secret that a lot of people invest in cryptocurrencies with the intention of short-term profit.

It is known that these large companies evaluate their business several times a year, and if they conclude that something does not bring them income, they simply throw it out of their business. Many companies did this precisely with Bitcoin because they did not have good enough business results, especially during the bear market. If they already wanted to earn something (and they are certainly not Bitcoin fans), a little better timing would definitely make more sense.

Money Gram and Western Union were one of the major available means to make an international cross boarder transaction which many people have previously used before now nit until bitcoin set in to change the whole game, they would have realized a drastic drop in their rate of patronizing customers since bitcoin have the solution to excessive charges and delay in sending money across the boarder, the need for KYC had been dealt with through p2p, they should also reconsider getting back people's interest to their services by certain implementation and making review of their old policy if they truly want to be in the market, i don't expect them from initial to adopt embargo on bitcoin transaction even if government endorses them, but their fear then was that bitcoin could make their role leds effective which is truly what is happening.

I agree with jackg, I don't think the bear market has a lot to do with it, more along the lines of they started 18+ months ago when BTC was soaring in early 2021 and it took this long to get it to market.
These are large financial businesses they don't set things up in days or weeks or months. It takes a while to implement things. And then get approval from the needed regulators.

Still good in general for BTC, but the timing and market at the moment mean very little.

-Dave

Both the mentioned firms are into remittance support and this makes it look for more advantageous opportunities available in the market. This is where MoneyGram and Western Union have chosen to provide cryptocurrency related services. This will help with reaching lower level of the people use cryptocurrency, because these services are much used by people working abroad to send money to the home country.

I think these goals for adoption with a lot of companies have been in the pipeline for a while and they've been waiting to add crypto acceptance around now where the sector seems sjlent from the outside.

Companies that join during bear markets are more likely to stay in the crypto economy than ones who join during bull markets imo. Most who join in bull periods don't have the reserves to handle it or don't want to look like they're launching a pump and dump scheme (I think - although it does make it look more like that's what they're doing when they withdraw after large price move).

It is possible that many companies took advantage of the beer market and got into cryptocurrency secretly without the knowledge of the public. Companies that have good financial advisors will always tell them of cryptocurrency highlighting it as one of the core investment opportunities for the future. Companies and organisations wants to make profit so on the advice by financial advisor to take advantage of the bear market many companies have followed without making it known to the public, the companies that made their own public just decided to do so.

JP Morgan made some headlines this week for making their first DeFi trade using the Polygon network and MATIC coin.  That's pretty big news that has flown somewhat under the radar.  You can bet that JP Morgan is sitting on a ton of MATIC and building on Polygon (likely have been for a while) so them joining the likes of Disney and others choosing now to enter the space and choosing Polygon as a way to do so seems to be the trend for large companies at the moment.  I'm looking forward to seeing what cool and fun stuff these companies and others build as the metaverse blossoms into a thing.

Smart money always accumulates & makes big decisions when wimpy retail is hiding away having weak hands. The smart money always moves in the dark when others are fearful.

Always do what the majority aren’t doing. Bear markets are opportunity!

The rate of cryptocurrency adoption has increased lately with merchants now accepting Bitcoin and other altcoins, the bear market has always done more good than bad to smart developers and the bear market serves as the best entry point for companies and other agents that want to increase or own their cryptocurrency assets.
Money gram is one of the online gateways that crypto adoption will give millions of their clients a choice of payment aside from the traditional banking model they're used to.

Clearly, the cryptocurrency market is experiencing a bear market. The term “bear market” is defined as a market that has lost more than 20% in a given year. Bitcoin is down -35% in 2022. The bear market has been a blessing in disguise in more ways than one. It is no coincidence that many firms are announcing their entrant into the crypto space. I think that they are taking advantage of the bear market. Listed below are two such companies.

• MoneyGram

On Nov. 1, 2022, MoneyGram announced the launch of a new service enabling consumers to buy, sell and hold cryptocurrency via the MoneyGram mobile app. This new and innovative feature gives MoneyGram customers in nearly all U.S. states and the District of Columbia1 the ability to trade and store Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) by using the Company's leading mobile app.

• Western Union

On October 25, reports revealed that Western Union, another cross-border remittance giant, filed three trademarks. The filing covered the management and exchange of digital assets and commodities derivatives, Issuing tokens of value, and brokerage and insurance services. Judging from the trademark filings, Western Union plans to offer crypto services. It is the firm’s latest attempt out of several previous ones to enter the crypto space.
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Kindly add the other companies that you think may have taken advantage of the bear market to get into crypto.

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https://bitcoinist.com/moneygram-will-allow-users-store-and-trade-bitcoin/

https://www.prnewswire.com/news-releases/moneygram-introduces-new-crypto-service-enabling-customers-to-buy-sell-and-hold-cryptocurrency-via-the-moneygram-app-301664682.html

https://www.coindesk.com/learn/crypto-bear-market-opportunities-make-the-most-of-a-crypto-downturn/