They have seen now a few dumps that could not be sustained, and a very steady climb to make new ATHs for the past 4/5 months. I doubt they would be backing down now. I think at the very least we see a few more months of new ATHs, if not all the way until December.
That anyway is what insitutionals and funds are expecting. Follow the smart money, right guys? Or just hodl and eat popcorn this whole year:)
Topic: Institutional buyers are not backing down. More Pump? - page 4. (Read 697 times)
Both side movements can occur. Now the retail section of buyers are not going to be able to sustain a dump in case the institutional section starts dumping. Even then you have to remind yourself that these institutions are out there for money and so they will be diligent when selling because this is not the first time that they are hedging something for profit.
What I mean is that if they sell they would not tell everyone when they will sell. So even if they post a article like the one above, they may or may not dump and even if they do, you will be the last person to know it.
Point is that the currency price of ~60k+ USD did not see the growth that it needed to see. Meaning that the support levels may be weak at 55k USD and 50k USD. Be cautious when the market starts dropping and dont buy immediately.
In any case, news like these will make the market move but unless a big selloff starts significant movements will not occur.
What I mean is that if they sell they would not tell everyone when they will sell. So even if they post a article like the one above, they may or may not dump and even if they do, you will be the last person to know it.
Point is that the currency price of ~60k+ USD did not see the growth that it needed to see. Meaning that the support levels may be weak at 55k USD and 50k USD. Be cautious when the market starts dropping and dont buy immediately.
In any case, news like these will make the market move but unless a big selloff starts significant movements will not occur.
Follow the institutional investments and their public records on https://bitcointreasuries.org/
If you are lazy to follow it, you can watch that topic and get updates by the topic author: Bitcoin Treasuries. @fillippone has big interest in economics and institutional investments. He keeps his topics updated very regularly.
Indeed I have an interest on bitcoin adoption by institutional investors. I have a slight contrarian view this is not against what Satoshi envisioned for Bitcoin.If you are lazy to follow it, you can watch that topic and get updates by the topic author: Bitcoin Treasuries. @fillippone has big interest in economics and institutional investments. He keeps his topics updated very regularly.
Anyway I have a few threads on that topic I try to keep as updated as possible.
MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
Everything you wanted to know about Grayscale BTC Trust but were afraid to ask!
ETC Group to launch bitcoin ETP on Deutsche Boerse
Tesla Bought 1.5 B in Bitcoins
And many others...
Follow the institutional investments and their public records on https://bitcointreasuries.org/
If you are lazy to follow it, you can watch that topic and get updates by the topic author: Bitcoin Treasuries. @fillippone has big interest in economics and institutional investments. He keeps his topics updated very regularly.
If you are lazy to follow it, you can watch that topic and get updates by the topic author: Bitcoin Treasuries. @fillippone has big interest in economics and institutional investments. He keeps his topics updated very regularly.
It is interesting, although it covers a narrow and very specific group, (Non Employee Directors) It could apply to a number of situations, some contractors or consultants might fall into that category. But normally those that do fit that designation would likely be financially independent in the first place. So, it will not likely be as important to those high earners who get paid this way.
Institutional investors are getting more interested in bitcoin. This move by MicroStrategy is a big step. Will other companies follow this path? How would employees react to this? Since btc is volatile and can dump at any minute. I can understand if they are excited about it now as Bitcoin is bullish but what happens when there is a massive dip? Love your hear thoughts on this none
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