The fiat slaves will get bitcoin only when their masters order them to do so. These masters are the mainstream media, big corporations, influent politicians, philanthropists... And they aren't going to send their slaves to bitcoin universe before guaranteeing its a profitable and fertile place for themselves. Profitability and fertility that can be only achieved through regulations and more regulations, as they were always used to and benefited in the old school model.
It means slaves will be always slaves, in fiat or bitcoin universe. But actually they don't care, because first of all slaves have and want to please their masters with excellency. If the masters are happy, the slaves will be happy too.
Topic: When will the Fiat slaves from Old school Investment companies get Bitcoin? - page 2. (Read 233 times)
May 04, 2021, 10:11:41 AM
May 04, 2021, 09:43:20 AM
If you ask me, the later the better for small ordinary people who will get a better chance to get their share of the cake - because if we take the example of a company like MicroStrategy, none of them will be satisfied with less than a figure of 50 000 or 100 000 BTC in their portfolio, and then what will be left for the others if they buy most of the coins?
If we put aside all those stories about how the institutional influence on the crypto market was only a matter of time and that the market is open to everyone - the question arises as to what the same market will look like in say 10 years if more than 50% of circulating coins are owned by a few dozen large global companies? As for the price, the remaining 50% will certainly be very satisfied, but it will only be a question of when they will decide to sell.
Be careful what you wish for, lest it come true!
If we put aside all those stories about how the institutional influence on the crypto market was only a matter of time and that the market is open to everyone - the question arises as to what the same market will look like in say 10 years if more than 50% of circulating coins are owned by a few dozen large global companies? As for the price, the remaining 50% will certainly be very satisfied, but it will only be a question of when they will decide to sell.
Be careful what you wish for, lest it come true!
May 04, 2021, 09:14:47 AM
The major bottleneck here is the government regulation. In majority of the countries, bitcoin has not yet received any formal approval from the regulatory bodies. Since the corporates are legal entities, they simply don't dare to stay at the wrong side of the legal system. So unless and until governments come up with a favorable regulation, we won't see a lot of companies jumping into this bandwagon.
Also another trouble for publicly listed companies are that they need to get a nod from the shareholders before they can jump into such investment. That's another pain area. Hopefully we will see more companies in the cryptospace soon but that would further centralize the cryptocurrency and the game can then be controlled by the corporates. Not really a desirable situation fo4 commoners like us!
Also another trouble for publicly listed companies are that they need to get a nod from the shareholders before they can jump into such investment. That's another pain area. Hopefully we will see more companies in the cryptospace soon but that would further centralize the cryptocurrency and the game can then be controlled by the corporates. Not really a desirable situation fo4 commoners like us!
May 04, 2021, 08:58:45 AM
I think pretty soon. More and more big companies starting to accept BTC and other currencies. More people getting invloved in this community. Someday All old school investers are gonna buy crypto or die (It's not a threat lol).
May 04, 2021, 08:21:14 AM
I recently read an article written by a Chief Financial Officer at a large and well known investment firm and the writer just do not get it. I will quote his argument and our (Crypto investors) answer below :
1. Bitcoin and other Crypto coins are not approved by financial institutions regulators
Answer : We do not care, Bitcoin was supposed to be an alternative payment option to the old traditional (regulated) Fiat options.
2. Bitcoin and other Crypto coins are mostly used for criminal use.
Answer : Really? So what did criminals use before Crypto currencies existed? Most financial crimes (and other) ...still involve cash.
3. Currencies are usually considered as a payment method, not an investment.
Answer : Forex - Need I say more?
4. Bitcoin does not have the safety net from government oversight.
Answer : How many of the previous Bubbles was prevented by government oversight? (Tech Bubble / Property Bubble..... ) They could care less, if it collapse, they just want their taxes.
5. Wealth Managers (intermediaries) does not exist in Crypto currencies. So there is no licensed and accredited advisors in this space.
Answer : Yes, this is exactly what Crypto currency investors want.... No 3rd party, taking the biggest piece of the pie.
People should know that these so-called regulated financial advisors are just in this for the profits and they will happily screw you over to get to those commissions. (Ding Ding, another sucker was hooked)
Let's educate them ....
1. Bitcoin and other Crypto coins are not approved by financial institutions regulators
Answer : We do not care, Bitcoin was supposed to be an alternative payment option to the old traditional (regulated) Fiat options.
2. Bitcoin and other Crypto coins are mostly used for criminal use.
Answer : Really? So what did criminals use before Crypto currencies existed? Most financial crimes (and other) ...still involve cash.
3. Currencies are usually considered as a payment method, not an investment.
Answer : Forex - Need I say more?
4. Bitcoin does not have the safety net from government oversight.
Answer : How many of the previous Bubbles was prevented by government oversight? (Tech Bubble / Property Bubble..... ) They could care less, if it collapse, they just want their taxes.
5. Wealth Managers (intermediaries) does not exist in Crypto currencies. So there is no licensed and accredited advisors in this space.
Answer : Yes, this is exactly what Crypto currency investors want.... No 3rd party, taking the biggest piece of the pie.
People should know that these so-called regulated financial advisors are just in this for the profits and they will happily screw you over to get to those commissions. (Ding Ding, another sucker was hooked)
Let's educate them ....
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