Why the Market is Thinking About Bitcoin Differently

(o)(o)ilikeboobs(o)(o)

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Quote from: perfect999 on April 13, 2021, 02:47:07 PM

Quote from: (o)(o)ilikeboobs(o)(o) on April 12, 2021, 11:26:14 AM

I believe that since hedge funds chose Bitcoin to invest, the value of Bitcoin has increased rapidly and soon reached 60k $ although there has been a correction when Bitcoin was around 30-40k $. Investors are no longer panicking like before, they choose to buy at a lower price and hold for longer. It is a strategy to avoid missing out on the opportunity to own well-priced Bitcoin. Their vision of Bitcoin has certainly changed in recent times. Bitcoin and cryptocurrencies are already the trends of the financial world. The market capitalization of the cryptocurrency market has tripled from 2020's ATH and is set to rise even higher.

Hedge Funds are not our friends, they are the enemy, they are the reason we had to create crypto because they used all the loopholes they could ever use to avoid paying taxes and they have got themselves super richer while all the rest had to live on the crumbs. This is not going to work in the end and that is why we created Bitcoin and all the other crypto, now that they have seen us making a bit of money, they came in to ruin the fun and make all the profit for themselves.

But what they do not realize is, there is no loopholes here, on blockchain everyone is equals and that is why no matter what they do, bitcoin will not pity them and give them some more money, they are not going to get bailed out by satoshi, this is bitcoin world and they either make money or lose money together with us, or they have to leave when they realize they are equals with us.

Investment funds quietly entered the crypto market in 2017, and they have received pitiful results afterward. The downtrend is when the vast majority of people lose money.
I've heard of tricks that big hedge funds compromise businesses for a good price to buy, but with cryptocurrencies and blockchain, everything is more transparent than ever.
As you said, they will soon see the whole market moving up. With the money market today, any big short is unlikely to happen.

perfect999

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Quote from: (o)(o)ilikeboobs(o)(o) on April 12, 2021, 11:26:14 AM

I believe that since hedge funds chose Bitcoin to invest, the value of Bitcoin has increased rapidly and soon reached 60k $ although there has been a correction when Bitcoin was around 30-40k $. Investors are no longer panicking like before, they choose to buy at a lower price and hold for longer. It is a strategy to avoid missing out on the opportunity to own well-priced Bitcoin. Their vision of Bitcoin has certainly changed in recent times. Bitcoin and cryptocurrencies are already the trends of the financial world. The market capitalization of the cryptocurrency market has tripled from 2020's ATH and is set to rise even higher.

Hedge Funds are not our friends, they are the enemy, they are the reason we had to create crypto because they used all the loopholes they could ever use to avoid paying taxes and they have got themselves super richer while all the rest had to live on the crumbs. This is not going to work in the end and that is why we created Bitcoin and all the other crypto, now that they have seen us making a bit of money, they came in to ruin the fun and make all the profit for themselves.

But what they do not realize is, there is no loopholes here, on blockchain everyone is equals and that is why no matter what they do, bitcoin will not pity them and give them some more money, they are not going to get bailed out by satoshi, this is bitcoin world and they either make money or lose money together with us, or they have to leave when they realize they are equals with us.

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Quote from: dkbit98 on April 11, 2021, 05:31:10 AM

I think that situation in worlds economy changed drastically in last ten years with increased money printing and inflation that affected Bitcoin and bitcoin holders, and it can only get crazier in next years. Most people sold and spent most of their Bitcoin years ago, (and I would probably do the same if I discovered Bitcoin in 2011 or 2013), smart people purchased from them, and only smaller percentage and smartest people are still holding most of their coins.

Why look so far? Everyone remembers March last year, and this is just an excellent example of a radical change in the balance in the world economy, (including cryptocurrencies). Whatever it was, in this particular case, I still tend to believe in a conspiracy, (as you rightly pointed out, such manipulations occur on average once every ten years, and 2008 is the starting point). ~~I still believe that the pandemic was just a pretext, a pretext that allowed a group of gray cardinals to bring down the global economy and buy everything on the cheap~~.

As for Bitcoins, let me disagree with you ... No matter how often I dream of time travel, I have no regrets that over the past three years I have continued to spend, buy and sell Bitcoins .. (an indescribable feeling when I walk down the street and look back at the banks with contempt).

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Quote from: Kakmakr on April 13, 2021, 07:49:14 AM

OP, it is the first time that I am seeing that graph of Bitcoin and it seems as though there are a definite pattern of growth over the long-term. We know the "Halving" is supposed to have an impact on the price, because it reduces the amount of coins that are given as a Block reward for mining, but it does not guarantee an increase in the price. Roll Eyes

It is actually nice to see some kind of pattern forming and that it is sustained over the long-term. In theory... as adoption grows, Bitcoin supply must go down and the demand for it should increase ...thus pushing up the price. Roll Eyes

A lot of bitcoins are used for gambling, so it explains why some people are not hoarding coins for a long period. Lately, people are also buying bitcoins to pay for "Pornhub" and other adult sites, so those coins change ownership very quickly.

I think that chart is not shocking if you ask me. Why? Because bitcoin was created only 10 years ago, and 5 years a long time, which means for the past 5 years there has been a lot of people who bought and will hold for 5 more years but they bought less than 5 years ago, over time there will be more people with 5+ years, for example in 5 years that graph will show more long term holders and in 10 years it will show even more than that, and in 20 years it will show even more ..... well you see where this is going.

This is why I can honestly tell you that rap is as expected as it gets, it is something that will become the norm over time. It is actually even a problem considered by some people, if everyone holds bitcoin then what's going to happen in the future? If we have just 100 bitcoin in the market traded while everyone else holds, that would be horrible, sure it will not be 100, but it will get less and less compared to today.

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Quote from: goldade on April 13, 2021, 09:48:20 AM

10 years ago, bitcoin wasn't worth very much so mnay of the early users didn't find so many reasons to hodl bitcoin.

Without any liquidations those early holders just seek for any ways to sell or use it instead of holding.

Quote from: goldade on April 13, 2021, 09:48:20 AM

In fact, many of them sold as soon as there's something to spend it on or make some little profits.

They are happy to see that they've got something especially those who earned it in an easy ways.

Quote from: goldade on April 13, 2021, 09:48:20 AM

We can't blame them. It is because they could not see into the future to know its worth today.

Just said it right, can't blame anyone, no one knows that this huge pumped will happen.

Quote from: goldade on April 13, 2021, 09:48:20 AM

Now, we know how safe an investment is by investing in bitcoin and hodling.

Investing is not safe completely, there's a risk but holding that's the right thing to do if you want to maximize your profits.

Quote from: goldade on April 13, 2021, 09:48:20 AM

Many people have made so much money by just buying bitcoin at some price some two to three years ago and hodling it.

Long term holders are now harvesting the fruit of their wait, see now how valuable this asset, huge earnings for those who hold 2-3 year ago.

Quote from: goldade on April 13, 2021, 09:48:20 AM

The chart is true and I am not surprised it is so. It's just a representation of exactly what is happening.

Precisely! things really happened and it may push for more.

JoMarrah Iarim Dan

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Quote from: Poker Player on April 09, 2021, 01:54:17 PM

Very interesting. It makes sense, because some time ago, even if people believed in the future of Bitcoin and its fundamentals, they were not so sure. Today people in general and also some institutions are clear that Bitcoin is part of our society and there is no stopping it. It is also expected to continue to increase in price. So, the holding behavior is a logical consequence.

It is not my story to tell but it was friend, I know he was not that interested at first he is not sure or he do not believe in bitcoin. When he created his account in this forum way back 2009, he said he was given a free bitcoin during his registration. At that time, bitcoin price is not a big deal so why become so interested about about it and besides bitcoin is not acceptable as a mode of payment in any store here in our country especially in our province. As time pass by when bitcoin price is getting better and better until 2017 comes, he tried to retrieve his account and bitcoin but he couldnt. He just continue in this forum then shared it to us that is why I discovered this. Well the bitcoins I earned in 2017 remain in my wallet that I can still access right now. I really beleive in bitcoin thay is why I keep holding it from 2017 to 2021. I am happy watching that its price is rising and I am more encouraged to earn and keep holding while I am not that short in my budget.

goldade

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10 years ago, bitcoin wasn't worth very much so mnay of the early users didn't find so many reasons to hodl bitcoin. In fact, many of them sold as soon as there's something to spend it on or make some little profits. We can't blame them. It is because they could not see into the future to know its worth today.
Now, we know how safe an investment is by investing in bitcoin and hodling. Many people have made so much money by just buying bitcoin at some price some two to three years ago and hodling it.
The chart is true and I am not surprised it is so. It's just a representation of exactly what is happening.

oHnK

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Quote from: Taskford on April 13, 2021, 06:39:25 AM

Thats why you need to balance things since every transaction is important on bitcoin growth so try to split up your balance upto 50% since if you only do hodling well maybe you will end up waiting something which have high risk to lose in future if your not good on controlling your emotions.

But if certain individual doesn't know how to trade but can risk to hodl what he have then maybe this is rather good since since not everyone will do this so expect that btc will still move even if there's a large number of people will hodl.

A good investor has his or her own profit target because if we only hold BTC for a certain period of time without a gain target, what we want to achieve is just like a seasonal investor who just follows along. Being an investor who holds assets is not a strange thing, but if an investor in the same class does not understand when to cut losses, it is foolishness and needs to learn a lot so as not to lose more. Actually in my opinion, BTC is a trading market and not for the long term because of the volatility it has. You invest 100 $ in BTC in 1 year period is much better than buying BTC in 100 $ and have active trading in a year. Here are two options that can describe your character.

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OP, it is the first time that I am seeing that graph of Bitcoin and it seems as though there are a definite pattern of growth over the long-term. We know the "Halving" is supposed to have an impact on the price, because it reduces the amount of coins that are given as a Block reward for mining, but it does not guarantee an increase in the price. Roll Eyes

It is actually nice to see some kind of pattern forming and that it is sustained over the long-term. In theory... as adoption grows, Bitcoin supply must go down and the demand for it should increase ...thus pushing up the price. Roll Eyes

A lot of bitcoins are used for gambling, so it explains why some people are not hoarding coins for a long period. Lately, people are also buying bitcoins to pay for "Pornhub" and other adult sites, so those coins change ownership very quickly.

Taskford

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Quote from: blckhawk on April 13, 2021, 06:14:15 AM

Quote from: davis196 on April 13, 2021, 01:50:03 AM

If everybody is HODLing and nobody is buying,the BTC price won't go up.We need more buyers than HODLers.
If the Bitcoin market becomes stagnant,more and more HODLers will get tired of waiting for a new ATH,so they will start selling a part of their BTC.This will create more selling pressure and the lack of enough buyers will lead to a bear market.Having a bear market for a few months will change the expectations for a new ATH,so less people will HODL Bitcoins in the long term.

I kinda agree on this one, people shouldn't only focus on HODLing but buying as well because there will be no movement that will occur if we will just all focus on HODL. Apparently, it could be one of the reasons why Bitcoin is still hovering at its current price because no one wants to buy anymore thinking it is too expensive for them anymore, believing it was the peak. If this continues there's a chance that we might not reach $100k like we have speculated. We will make it but don't just HODL but rather buy as well.

Thats why you need to balance things since every transaction is important on bitcoin growth so try to split up your balance upto 50% since if you only do hodling well maybe you will end up waiting something which have high risk to lose in future if your not good on controlling your emotions.

But if certain individual doesn't know how to trade but can risk to hodl what he have then maybe this is rather good since since not everyone will do this so expect that btc will still move even if there's a large number of people will hodl.

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Quote from: davis196 on April 13, 2021, 01:50:03 AM

If everybody is HODLing and nobody is buying,the BTC price won't go up.We need more buyers than HODLers.
If the Bitcoin market becomes stagnant,more and more HODLers will get tired of waiting for a new ATH,so they will start selling a part of their BTC.This will create more selling pressure and the lack of enough buyers will lead to a bear market.Having a bear market for a few months will change the expectations for a new ATH,so less people will HODL Bitcoins in the long term.

I kinda agree on this one, people shouldn't only focus on HODLing but buying as well because there will be no movement that will occur if we will just all focus on HODL. Apparently, it could be one of the reasons why Bitcoin is still hovering at its current price because no one wants to buy anymore thinking it is too expensive for them anymore, believing it was the peak. If this continues there's a chance that we might not reach $100k like we have speculated. We will make it but don't just HODL but rather buy as well.

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Quote from: davis196 on April 13, 2021, 01:50:03 AM

If everybody is HODLing and nobody is buying,the BTC price won't go up.We need more buyers than HODLers.
If the Bitcoin market becomes stagnant,more and more HODLers will get tired of waiting for a new ATH,so they will start selling a part of their BTC.This will create more selling pressure and the lack of enough buyers will lead to a bear market.Having a bear market for a few months will change the expectations for a new ATH,so less people will HODL Bitcoins in the long term.

Market to grow money needs to flow! In our case coins!

It's people, after all, we are different... we have different plans and goals! Buying/selling is trading, but Bitcoin/crypto economy should and is more than just speculating assets! You can do a lot more with your coins than just trading with them is what I want to say...

So in the end it does not matter what you do with the coins you have! If you have them you are in and you are helping the crypto-economy to grow, more or less! The ones who are actively using coins help more than just holders of course... but holders are important as well, the factor that affects the supply and number of coins in circulations, and the price depends on that!

davis196

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If everybody is HODLing and nobody is buying,the BTC price won't go up.We need more buyers than HODLers.
If the Bitcoin market becomes stagnant,more and more HODLers will get tired of waiting for a new ATH,so they will start selling a part of their BTC.This will create more selling pressure and the lack of enough buyers will lead to a bear market.Having a bear market for a few months will change the expectations for a new ATH,so less people will HODL Bitcoins in the long term.

Kittygalore

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I Think this is normal. When you are investing in something that you are not sure its potentials, you try to minimize your loss by not holding long and investing limited amount of money. We have seen in the past where someone ordered pizza with huge amount of bitcoin. It might not be because he has no fiat to buy the pizza. This was what happened in the past. As the potential continue to grow the rate at which people hodl will continue to also increase.

I think the reason that Laszlo bought that pizza was not for substitution for payment but to prove that bitcoin can be used like a fiat to buy a pizza. If you are not sure of its potential then you shouldn't invest in it because you will lose money, the only way to earn big on investing is to take a leap of faith.

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Quote from: tippytoes on April 12, 2021, 04:56:07 PM

Quote from: so98nn on April 12, 2021, 02:20:08 PM

Yes, and let us hope that more and more investors will keep holding it so that the base for bitcoin becomes so strong that one day it would cost huge pile of money to buy single bitcoin. I am saying this because our assets will be valued more even if you hold few bits in the future. I am not sure if bitcoin will get status of currency but as an asset it is going to be premium investment in the upcoming future. People will literally fight to make one whole bitcoin into their wallet since it would be millions of dollars to make one. So if they are holding the supply then I’m with them to support.

Interesting what its impact will be in commercial market? Will people use their satoshis to buy or just keep it and save as much as they can? Because if most of us aim to hold our satoshis, then, adoption in the payment sector will not grow in the manner that we want it. But that's fine, as long as there are many believers in this market then, bitcoin has real future, if not in the payment area but more on the investments side.

Indeed, if you look at bitcoin, it is more of an investment than as a means of payment. and it cannot be denied, that today many people buy bitcoin to get fantastic profits. but whatever it is that is currently happening is an advantage for bitcoin to develop

tippytoes

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Quote from: so98nn on April 12, 2021, 02:20:08 PM

Yes, and let us hope that more and more investors will keep holding it so that the base for bitcoin becomes so strong that one day it would cost huge pile of money to buy single bitcoin. I am saying this because our assets will be valued more even if you hold few bits in the future. I am not sure if bitcoin will get status of currency but as an asset it is going to be premium investment in the upcoming future. People will literally fight to make one whole bitcoin into their wallet since it would be millions of dollars to make one. So if they are holding the supply then I’m with them to support.

Interesting what its impact will be in commercial market? Will people use their satoshis to buy or just keep it and save as much as they can? Because if most of us aim to hold our satoshis, then, adoption in the payment sector will not grow in the manner that we want it. But that's fine, as long as there are many believers in this market then, bitcoin has real future, if not in the payment area but more on the investments side.

fiulpro

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People are making predictions so as how the price would push 1 lakh dollar soon which is really something that is weird since the same people were actually saying how this is FUD and would fail soon. The market perception have not changed it have reversed for the time being seeing all the big companies are now also investing making it an amazing opportunity for the Government and the Gambling companies , the Government is getting taxes and the gambling companies are still working online with much more caliber and more people getting engaged in the same business. People are adding bitcoins to their small home based businesses which is a bit deal because I believe this would motivate bitcoins on a level that encompasses not just Investment but adoption by different levels and not just whales or big companies but also on a small scale , giving people the true "financial freedom"

so98nn

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Yes, and let us hope that more and more investors will keep holding it so that the base for bitcoin becomes so strong that one day it would cost huge pile of money to buy single bitcoin. I am saying this because our assets will be valued more even if you hold few bits in the future. I am not sure if bitcoin will get status of currency but as an asset it is going to be premium investment in the upcoming future. People will literally fight to make one whole bitcoin into their wallet since it would be millions of dollars to make one. So if they are holding the supply then I’m with them to support.

Anonylz

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Btc already proven to everyone that it is a coin to be trusted, since the past decade btc has been striving and surviving in every situation, people have study and understand btc and are now comfortable to get involved for however long, btc price constantly rising from low to high and surpassing many other similar investment options made it more attractive. It is not surprising to see this result, btc has come a long way and deserves the attention now.

tygeade

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This is really nice and it shows the reason behind the market not going down for long now. Just look at the past years when there were bullish trends and compare them to this year, one thing I have noticed about those years were that whenever the price of bitcoin goes up like this people would always starts selling immediately, and that will lead the market down and it will crash heavily within a short time.

But this time around it has been something totally different, things have changed this time around, after a long time now the price of coins in the market has been steady growing and adding more value everyday even when you think that it is over. So for sure, the mindset of investors have changed this time around and they are now looking at holding for a long term.

Topic: Why the Market is Thinking About Bitcoin Differently (Read 331 times)