The Mainstreaming of Bitcoin and Crypto Continues - page 2.

tinopener

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Bigger news for me is the new Canadian Bitcoin ETFs that started trading last week and have already taken $500m from *retail* investors.

The next big step for Bitcoin is when a US Bitcoin ETF gets approved.

We really are now in a situation of a gang of guys in a bar randomly talking about Bitcoin on a Friday night and buying their first $100 of it within seconds on their cellphone for the hell of it, like they would do Amazon shares for example.

(well maybe not when the stock market is closed, but you get my point Shocked

)

maydna

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Quote from: Qcrypto on February 24, 2021, 06:59:05 PM

Big firms and companies investing in Bitcoin. Tesla, Micro Strategy and Twitter are just to name a few, pushing for global adoption.
Is this a sign for a long term investment or just pump and dump for them?
Source

I will say that it is both for long-term investment and pump and dump because we still see bitcoin price will move from up to down many times, even if we don't know why the price moves. You don't have to worry about the pump and dump that will happen to the market and only hold your bitcoin while you can buy more bitcoin. The up and down of the bitcoin price will be good for us because we can try to buy low and sell high, which can help us get more profit. Bitcoin now becomes mainstream among the people out there, so they see bitcoin used for a long-term investment. So they will not worry about the bear market because after the bear market comes, the bull market will come again, and the history will repeat.

cabron

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You cant be sure if there won't be a crash soon. When they say history repeats itself, it doesn't mean only the bull run will repeat itself but also the long bearish market. Despite Bitcoin going mainstream and the institutions buying BTC the market will saturate and everyone will cash out their money for the next cycle. But I can agree BTC is a long-term investment, the early investors has no fear of whatever the market will do.

Lorence.xD

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Quote from: Rruchi man on February 24, 2021, 11:34:46 PM

It is difficult to consider the influx of companies to btc as a "pump and dump scheme". Every visionary knows that the world is constantly evolving and changing, and since the start of the digital world (internet) that sooner or later, a new digital currency was bound to surface.

The btc train is a moving train, and most companies and individuals with enough resources are looking to join in and catch the gains, before the price value becomes stable. So i will say to the best of my understanding that to them, "Btc is considered a long term investment".

I would consider it a pump and dump scheme but in this case it is a legal and subtle. Pump and dump is prevalent in stock market so why is bitcoin and crypto market exempted to that fact. Grayscale has been around the market for a long time and I think that they are doing that scheme to make money because they are an investment company. Bitcoin might be a long term investment but if you know how the market works and you have the money to make it move at wherever you want then you can earn while aiming for long term investment.

Rruchi man

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Quote from: Qcrypto on February 24, 2021, 06:59:05 PM

Big firms and companies investing in Bitcoin. Tesla, Micro Strategy and Twitter are just to name a few, pushing for global adoption.
Is this a sign for a long term investment or just pump and dump for them?

It is difficult to consider the influx of companies to btc as a "pump and dump scheme". Every visionary knows that the world is constantly evolving and changing, and since the start of the digital world (internet) that sooner or later, a new digital currency was bound to surface.

The btc train is a moving train, and most companies and individuals with enough resources are looking to join in and catch the gains, before the price value becomes stable. So i will say to the best of my understanding that to them, "Btc is considered a long term investment".

Qcrypto

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Big firms and companies investing in Bitcoin. Tesla, Micro Strategy and Twitter are just to name a few, pushing for global adoption.
Is this a sign for a long term investment or just pump and dump for them?

Source

Topic: The Mainstreaming of Bitcoin and Crypto Continues - page 2. (Read 254 times)