Why HODLers now pray for banks and institutions to enter if Bitcoin... - page 2.

arielbit

legendary

Activity: 3444

Merit: 1061

Quote from: LeGaulois on December 01, 2018, 10:15:24 AM

People hoping to see banks and institutions are just interested to see the price "mooning" again for their own profit. Even if the market reaches a new ATH, these same people will probably sell everything and leave (if it isn't already done).
There are still people who don't care about banks/institutions and others who don't want to see them. So here it is, as you see not all holders pray for banks/institutions

Quote

These are not the libertarians your looking for, today HODL'rs that hang out on this forum, care nothing but pump&dump bitcoin to the moon, and get more suckers to BUY, ... and cash-out

This is true.

Again...be an A$$HODL'rs.... thank me later Wink

LeGaulois

copper member

Activity: 2940

Merit: 4101

Top Crypto Casino

People hoping to see banks and institutions are just interested to see the price "mooning" again for their own profit. Even if the market reaches a new ATH, these same people will probably sell everything and leave (if it isn't already done).
There are still people who don't care about banks/institutions and others who don't want to see them. So here it is, as you see not all holders pray for banks/institutions

Quote

These are not the libertarians your looking for, today HODL'rs that hang out on this forum, care nothing but pump&dump bitcoin to the moon, and get more suckers to BUY, ... and cash-out

This is true.

shinharu10282016

full member

Activity: 700

Merit: 100

It might be because they believe that mass adoption will increase demand, thus increasing it's price. Sad to say, it doesn't work that way here.

Here in cryptospace, if you do not have a solid community to believe in you. If the community doesn't believe in you, you won't make a profit.

Teawhalee

copper member

Activity: 482

Merit: 1

Are you even sure banks and institutions are not involved yet. ? Banks and institutional involvement does not have anything to do with the other investors of other people's gain or freedom. The only thing we can be bothered for is them gaining control for regulation and manipulation.

btc-room101

member

Activity: 182

Merit: 30

Quote from: Marshall14 on December 01, 2018, 08:15:25 AM

Quote from: gadimbrut on December 01, 2018, 08:05:07 AM

most holders pray as you say because they expect the price of bitcoin to rise soon, maybe they think if banks and institutions enter prices will rise, but in my opinion the increase is only temporary, I prefer stable prices rather than high prices, because if my price is high can't buy bitcoin.

I doubt if banks and institutions will help to pump the price of the bitcoin,rather I think what they'll bring to the system could be more stability..
But this stability will come at the cost of regulations which I think all bitcoiners are against,really I doubt we'll even see banks actively involved in cryptocurrencies(full time)..
We'll never know what their introduction(banks,institutions,regulatory bodies) will truly hold for this network...

These are not the libertarians your looking for, today HODL'rs that hang out on this forum, care nothing but pump&dump bitcoin to the moon, and get more suckers to BUY, ... and cash-out,

I concur regulation is coming, and the golden-days of bitcoin being a cowboy-criminal paradise are almost over,

This said, I do agree the original premise of bitcoin was to do with away with the bank, or to provide a service for people who had no bank, ..

Now that bitcoin is owned & controlled by criminals, its not surprising they will embrace any new owner that flashes cash, the day of morals and standards and ethics of btc is long gone,

The HODL-ers by definition are morons, but morons assume everyone else is an idiot, including the bankers, which is probably true, problem is that btc is too risky for banks, thus most of this is just bullshit talk.

Marshall14

member

Activity: 112

Merit: 20

Quote from: gadimbrut on December 01, 2018, 08:05:07 AM

most holders pray as you say because they expect the price of bitcoin to rise soon, maybe they think if banks and institutions enter prices will rise, but in my opinion the increase is only temporary, I prefer stable prices rather than high prices, because if my price is high can't buy bitcoin.

I doubt if banks and institutions will help to pump the price of the bitcoin,rather I think what they'll bring to the system could be more stability..
But this stability will come at the cost of regulations which I think all bitcoiners are against,really I doubt we'll even see banks actively involved in cryptocurrencies(full time)..
We'll never know what their introduction(banks,institutions,regulatory bodies) will truly hold for this network...

gadimbrut

full member

Activity: 418

Merit: 100

most holders pray as you say because they expect the price of bitcoin to rise soon, maybe they think if banks and institutions enter prices will rise, but in my opinion the increase is only temporary, I prefer stable prices rather than high prices, because if my price is high can't buy bitcoin.

clrpod

full member

Activity: 322

Merit: 114

Quote from: kapalmabur on December 01, 2018, 02:08:32 AM

Quote from: Pursuer on December 01, 2018, 01:01:44 AM

Quote from: KingScorpio on November 30, 2018, 10:18:13 AM

if everybody gets a lambo there will be flying lambos and no one will want the lambos anymore

bitcoin introduced crypto more wasn't necessary it would be insane wasting global electricity for bitcoin

in the real world you can see opportunities are out there for anyone to grab them but we only see one Steve Jobs instead of millions. the same thing is true here too. those newbies who busy themselves with FUDs from other newbies and whale accumulators are always left behind. we have had the same discussions against bitcoin for years and bitcoin has been rising ever since. I remember people saying the same nonsense when price was $200 and I still continued to buy it.

now guess which one of us has more money? Wink

someone who bought bitcoin in that dip when everyone else was saying bitcoin is dead or someone who listened to the FUD and sold at a loss and didn't buy back...

yes, you are right, this kind of thing keeps repeating, every time always there are those who say that, and maybe not many people like you are lucky because you know bitcoin from the beginning, so you can now enjoy the results, but on the other hand those who are new to Bitcoin this year will certainly find it difficult to understand and accept conditions like now.

I find it an interesting debate of it was easier to buy in faith then or now? On one hand, it's more clear now the potential bitcoin has and it's closer to achieving that so there's less risk, but the upside is lesser because of the already higher price. Alternatively previously the potential profit was much higher but the risk was more. I'm not sure which was a more attractive investment proposition.

kapalmabur

sr. member

Activity: 2002

Merit: 250

Quote from: Pursuer on December 01, 2018, 01:01:44 AM

Quote from: KingScorpio on November 30, 2018, 10:18:13 AM

if everybody gets a lambo there will be flying lambos and no one will want the lambos anymore

bitcoin introduced crypto more wasn't necessary it would be insane wasting global electricity for bitcoin

in the real world you can see opportunities are out there for anyone to grab them but we only see one Steve Jobs instead of millions. the same thing is true here too. those newbies who busy themselves with FUDs from other newbies and whale accumulators are always left behind. we have had the same discussions against bitcoin for years and bitcoin has been rising ever since. I remember people saying the same nonsense when price was $200 and I still continued to buy it.

now guess which one of us has more money? Wink

someone who bought bitcoin in that dip when everyone else was saying bitcoin is dead or someone who listened to the FUD and sold at a loss and didn't buy back...

yes, you are right, this kind of thing keeps repeating, every time always there are those who say that, and maybe not many people like you are lucky because you know bitcoin from the beginning, so you can now enjoy the results, but on the other hand those who are new to Bitcoin this year will certainly find it difficult to understand and accept conditions like now.

verita1

member

Activity: 1358

Merit: 81

HODLers may have many reasons for wanting banks to enter Bitcoin. As manipulation of the Bitcoin price, ensure more profits, investments, etc.
But Bitcoin was developed by a concept opposed to banking entities: decentralized, peer-to-peer, without the intermediary. I think there is no great concern in this regard.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

Quote from: KingScorpio on November 30, 2018, 10:18:13 AM

if everybody gets a lambo there will be flying lambos and no one will want the lambos anymore

bitcoin introduced crypto more wasn't necessary it would be insane wasting global electricity for bitcoin

in the real world you can see opportunities are out there for anyone to grab them but we only see one Steve Jobs instead of millions. the same thing is true here too. those newbies who busy themselves with FUDs from other newbies and whale accumulators are always left behind. we have had the same discussions against bitcoin for years and bitcoin has been rising ever since. I remember people saying the same nonsense when price was $200 and I still continued to buy it.

now guess which one of us has more money? Wink

someone who bought bitcoin in that dip when everyone else was saying bitcoin is dead or someone who listened to the FUD and sold at a loss and didn't buy back...

BitcoinHodler

hero member

Activity: 1456

Merit: 579

HODLing is an art, not just a word...

i am a "BitcoinHodler" and i am not praying for any of them to enter. in fact i have said numerous times that not only we do not need them to enter the market but also it is going to be bad if they do enter!

you are confusing newbies and their bullshit spam on forums with what bitcoin investors truly think. the thing is the newbies think they could become millionaires with bitcoin overnight. that didn't happen. so now they are begging for anything to make it happen and one of them is institutional investors.

arielbit

legendary

Activity: 3444

Merit: 1061

Quote from: btc-room101 on November 30, 2018, 07:08:23 AM

Quote from: fxsurfer on November 30, 2018, 07:02:40 AM

...was supposed to free us from them? Huh

There is the old-skool libertarian Satoshi view of bitcoin, then there is the is new school 'go to the moon', everybody gets rich skool

When BITCOIN was just geeks pre 2012 it was easy to be a libertarian, and nobody really cared about money, cuz most of the geeks had real jobs, and bitcoin was a hobby,

Then by 2014 assholes started noticing bitcoin and jumped in, and by 2016 the assholes started promoting btc to non-geeks, by 2017 btc was promoted to housewives, morons, and village idiots who bought it on credit cards.

So now the assholes want the banks to bail them out? Right?? Well is not this the AmeriKKKan way?

lesson...be an asshole Wink

Catt95

newbie

Activity: 57

Merit: 0

Quote from: btc-room101 on November 30, 2018, 07:08:23 AM

Quote from: fxsurfer on November 30, 2018, 07:02:40 AM

...was supposed to free us from them? Huh

There is the old-skool libertarian Satoshi view of bitcoin, then there is the is new school 'go to the moon', everybody gets rich skool

When BITCOIN was just geeks pre 2012 it was easy to be a libertarian, and nobody really cared about money, cuz most of the geeks had real jobs, and bitcoin was a hobby,

Then by 2014 assholes started noticing bitcoin and jumped in, and by 2016 the assholes started promoting btc to non-geeks, by 2017 btc was promoted to housewives, morons, and village idiots who bought it on credit cards.

So now the assholes want the banks to bail them out? Right?? Well is not this the AmeriKKKan way?

Its like everthing else. People want to get rich in one day and thats why they just see masive gain and sell their houses and buy coins. Now one year of bear market and everyone want their money back with interest and now it doesn't matter what BTC is or what represents people just want their money. Thats way we have this now . Sadly no technology just "I want my lambo" and nothing else matters

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

For personal gains of course. Right now, people aren't interested anymore in being free from the constraints of banks and the governments but are now interested on at least redistributing a small percentage of wealth by means of buying into crypto. I am still against banks and the governments, especially the thought of them tying down your assets into their policies and regulations as if they own it. While banks and governments are flocking into cryptocurrencies little by little, I still think that it will be hard for them to establish the same control as they have on today's current financial system. They can go on and ban bitcoin on their countries, but as long as bitcoin has value, people can and will use it any way and anywhere they like.

flying_bit

jr. member

Activity: 434

Merit: 9

Quote from: fxsurfer on November 30, 2018, 07:02:40 AM

...was supposed to free us from them? Huh

It's because people think if they enter bitcoin value will rise again which maybe possible but the very essence of bitcoin maybe possibly gone. I'm saying possibly because what if bringing those banks and institution would also means fast adoption of bitcoin and alts? what if getting them in would mean gaining trust from people that lose faith in btc again? what if having them in crypto ecosystem would mean better foundation for crypto holder and an insight for traditional investor what good crypto can bring to the financial world? just my crazy thought!

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: btc-room101 on November 30, 2018, 07:08:23 AM

Quote from: fxsurfer on November 30, 2018, 07:02:40 AM

...was supposed to free us from them? Huh

There is the old-skool libertarian Satoshi view of bitcoin, then there is the is new school 'go to the moon', everybody gets rich skool

When BITCOIN was just geeks pre 2012 it was easy to be a libertarian, and nobody really cared about money, cuz most of the geeks had real jobs, and bitcoin was a hobby,

Then by 2014 assholes started noticing bitcoin and jumped in, and by 2016 the assholes started promoting btc to non-geeks, by 2017 btc was promoted to housewives, morons, and village idiots who bought it on credit cards.

So now the assholes want the banks to bail them out? Right?? Well is not this the AmeriKKKan way?

if everybody gets a lambo there will be flying lambos and no one will want the lambos anymore

bitcoin introduced crypto more wasn't necessary it would be insane wasting global electricity for bitcoin

endlasuresh

full member

Activity: 756

Merit: 103

because they wanted their dreams come true, I don't think now their dreams can come true as the BTC price got dropped.

Lizzylove1

member

Activity: 858

Merit: 13

Christ The King

An old technology shouldn't be a threat to a new innovation, but should rather compliment the new tech. Now, banks and institutional investors should only compliment the growth of this sector by way of greater awareness and more user involvement.

Cacingkemi

hero member

Activity: 1484

Merit: 516

Where is the from news?Fully unaffected for us the largest holder is still questionable and its not a bank or institution associated with them,Although it would claim bank to be centrally grounded BTC but was not centralized and that was a very clear reality.

Topic: Why HODLers now pray for banks and institutions to enter if Bitcoin... - page 2. (Read 642 times)