Topic: Why HODLers now pray for banks and institutions to enter if Bitcoin... - page 3. (Read 642 times)
November 30, 2018, 09:57:07 AM
The earlier crowd was heavily against the banking system and many of them were libertarians. The newer investors came to the crypto market for easy money and they could care less about government intervention. The goal was still accomplished even if institutions get involved in crypto because you are still in complete control of your funds.
November 30, 2018, 09:56:16 AM
There's a difference between banks and institutions being involved in the spread and adoption of something to them being in control of it. Bitcoin will forever be in the control of no-one, it is decentralized. Banks and institutions will be needed for bitcoin to reach a global audience and adoption. If that is right or not is personal opinion but banks and institutions will not have control so stop spouting that around.
November 30, 2018, 09:43:40 AM
...was supposed to free us from them? 
HODLer here. We're neither praying to anyone, nor resisting anyone. They come or they don't, honey badger gives a shit.
November 30, 2018, 09:40:16 AM
...was supposed to free us from them?
Its just simple, hodlers want more people, government, business, etc to adopt Bitcoin because they want the price to go up and make their profit, and to be honest this is what most people wants. And another thing, Bitcoin gives freedom from using your money without the help of banks and other financial institutions but if banks will decide to invest in Bitcoin, there's no problem with it. They cannot control Bitcoin if they will invest huge money on it. What they can do is to make more money by manipulating the market because they can invest huge amount of money on cryptocurrency market if they want to. 
November 30, 2018, 09:17:39 AM
...was supposed to free us from them?
Just because everyone wants the prices of bitcoin to go upwards so when the new money enters into the field it will definitely make the market more greener for now which is short term benefits but in the long term they will eliminate the small investors from the market by making the prices of cryptos too higher so people need to decide what they are looking for. November 30, 2018, 09:01:07 AM
Bad news if the bank joins the market community, prices will be controlled and we will become spectators, maybe that's what happens now, bitcoin prices are down.
November 30, 2018, 08:51:48 AM
While one of the main advantages of bitcoin is to have financial freedom, we won't lose this advantage if ever banks and institutions get themselves some bitcoin. I don't think hem having some bitcoin wouldn't give them power over bitcoin so I really don't see any problem with it. If they bought huge amounts of bitcoin, they could probably manipulate the prices? That's probably the best they could do; but besides price, I really don't see a problem with it.
November 30, 2018, 08:38:14 AM
we all want to earn good money on bitcoin and banks have big money that will give the cryptocurrency market the necessary price for polish
November 30, 2018, 08:15:37 AM
If we want banks and institutions to start investing in bitcoin it means we want to go back to our vomit, The issue of total decentralization will just be an history. If they have large percentage of the money in coinmarketcap it means they will be in control.
We the coders who started BITCOIN, don't want the banks, and never did, let's be clear here, its the get-rich-quick assholes 'exchanges', ... that are desperate for anybody to come forward and fund the BITCOIN Ponzi.
In time the assholes will clear themselves out, but only after the buzzards have cleaned bitcoin to the bone.
November 30, 2018, 08:11:02 AM
If we want banks and institutions to start investing in bitcoin it means we want to go back to our vomit, The issue of total decentralization will just be an history. If they have large percentage of the money in coinmarketcap it means they will be in control.
November 30, 2018, 07:08:23 AM
...was supposed to free us from them?
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?
November 30, 2018, 07:02:40 AM
...was supposed to free us from them?
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