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Title: Bitcoin, the institutional coin Post by: Binary Bounties on April 01, 2021, 05:58:39 PM I see bitcoin becoming an institutional coin in the nearest future. institutions are beginning to buy bitcoins in billions of dollars. this will automatically reduce the amount of bitcoin in circulation thereby forcing up bitcoin price.
Title: Re: Bitcoin, the institutional coin Post by: bitmover on April 01, 2021, 06:12:12 PM I see bitcoin becoming an institutional coin in the nearest future. institutions are beginning to buy bitcoins in billions of dollars. this will automatically reduce the amount of bitcoin in circulation thereby forcing up bitcoin price. I believe it is quite the opposite in the long run. The amount of btc in circulation may increase Institutions will mostly buy from custodial services (such as funds and ETFs) Those custodial services may do something like fractional banking , saying that they own more than they currently have. Anyone, even with that "bitcoin fractional banking " the high demand will probably lead the price upwards. Title: Re: Bitcoin, the institutional coin Post by: Mpamaegbu on April 01, 2021, 06:23:52 PM I see bitcoin becoming an institutional coin in the nearest future. institutions are beginning to buy bitcoins in billions of dollars. this will automatically reduce the amount of bitcoin in circulation thereby forcing up bitcoin price. Isn't this what we are witnessing already? It plays on the simple economic principle of demand and supply. We can vividly recall how Bitcoin price spiked when Elon Musk bought that over a billion dollar worth of BTC through Tesla. About Bitcoin becoming an institutional coin, that's a given. However, we really can't pin it down to what is driving the price up now — perhaps, either the halving incident late last year or the institutional demand for it. Well, whichever one, it's still a positive for Bitcoin.Title: Re: Bitcoin, the institutional coin Post by: LeGaulois on April 01, 2021, 08:48:49 PM I doubt they are allowed (or will) to use this sort of practice, and probably will never be. It could even be considered fraud if you think about it. They're not a bank and have no banking license or something close to that. And if the bank can practice the fractional reserve, it's because they invest in the economy IRL. What the custodial services would with it? No idea but surely not investing in the economy IRL. You were probably thinking about ETF when the person thinks they are truly buying a product while in fact, it's just a promise of future ownership. Well, exactly what we have now with Gold's ETF Title: Re: Bitcoin, the institutional coin Post by: Dave1 on April 01, 2021, 09:38:18 PM I see bitcoin becoming an institutional coin in the nearest future. institutions are beginning to buy bitcoins in billions of dollars. this will automatically reduce the amount of bitcoin in circulation thereby forcing up bitcoin price. I wouldn''t categorically call it "institutional coin", even average joe can still purchase it in small units, hold on it for a long time and wait for the perfect time to sell. Bitcoin is also hedge against inflation, and the basic economic principle is apply: law of supply and demand, less supply more demand = increase in price. Title: Re: Bitcoin, the institutional coin Post by: blockman on April 01, 2021, 10:02:15 PM I see bitcoin becoming an institutional coin in the nearest future. institutions are beginning to buy bitcoins in billions of dollars. It isn't just for institutions. It's for everybody and because everyone is free to purchase it, the institutions are joining us. this will automatically reduce the amount of bitcoin in circulation thereby forcing up bitcoin price. Limited supply, halving makes it scarce and that's what really is going to happen in the near future so save up for yourself while they're keeping it for themselves and their business.Title: Re: Bitcoin, the institutional coin Post by: jonval21 on April 01, 2021, 10:06:18 PM I see bitcoin becoming an institutional coin in the nearest future. institutions are beginning to buy bitcoins in billions of dollars. this will automatically reduce the amount of bitcoin in circulation thereby forcing up bitcoin price. Bitcoin has never been institutional in nature, the fact that institutions are currently being interested is something else, now what is most seen is investment, but why? Because it has been determined that Bitcoin can be considered by some as a safe haven, for some it is more profitable to leave the investment of gold and put it in Bitcoin. The new rich have entered and there are still many to enter, those who have entered many have manifested it but the majority who will enter will be anonymous and yes, the more they enter buying, the higher the price will be. Title: Re: Bitcoin, the institutional coin Post by: dothebeats on April 01, 2021, 10:21:11 PM You could say that, though there are still a lot of coins in the possession of the common folk, and they'd surely cling to that for as long as they could. While institutions may buy up all the coins they can get currently, the high price might deter them from doing it in bulk, unless of course they are determined to hold and bear the losses when the time comes. Let's admit it, even if bitcoin already proved something in the financial world, there are still doubters that will be questioning the rationality of the purchase, even from the institutionalists.
Title: Re: Bitcoin, the institutional coin Post by: mk4 on April 01, 2021, 10:49:33 PM Not sure what you specifically meant by "institutional coin", but Bitcoin is a protocol/currency that a centralized entity can't force sort of "updates" to, and that's pretty much it. Bitcoin isn't a for-people only currency/asset, it's literally for everyone, and that includes banks and institutions. Bitcoin isn't an "institutional coin" the same reason why the internet isn't called a "institutional internet" just because they also use it.
Title: Re: Bitcoin, the institutional coin Post by: hatshepsut93 on April 01, 2021, 10:56:12 PM Even the recent data showed that retail interest in Bitcoin is as strong as the institutional one. I just don't see how Bitcoin will become "institutional instrument only", unlike gold it's quite easy to buy outside of regulate platforms, so anyone can own it. And it's naive to think that institutions will buy all available Bitcoins, that would send price to millions and even the most hardcore HODLers would cash out some coins, crashing the price.
Title: Re: Bitcoin, the institutional coin Post by: Baofeng on April 01, 2021, 11:23:08 PM I see bitcoin becoming an institutional coin in the nearest future. Those heavily institutional money that keeps flowing are not going to trade, they will rather hold in. While retailers will do the opposite, go to exchange whether centralised or P2P and make money. And this will go on. So it's still 50/50 so bitcoin will not become institutional coin as you descirbe. institutions are beginning to buy bitcoins in billions of dollars. this will automatically reduce the amount of bitcoin in circulation thereby forcing up bitcoin price. Even if they don't buy bitcoins, nothing can stop the price of bitcoin from going up. As I have said, traders are the backbone of the ecosystem. Title: Re: Bitcoin, the institutional coin Post by: LUCKMCFLY on April 01, 2021, 11:25:15 PM This reminds me of this guy:
https://i.imgur.com/YzQ7Ur4.png Twitter: https://twitter.com/fintechfrank/status/1377348212487450624 (https://twitter.com/fintechfrank/status/1377348212487450624) Despite his little joke, I have seen one or another complaining that now Bitcoin obeys a totally speculative system of the market, but is it not better to see bitcoin with a high price? The value of bitcoin is difficult to determine, but at least if it has a number with respect to the dollar or euro that is high, it means that everything is going well, and if institutional investment is entering it is because they have opened their eyes, adoption is certainly a fact. Title: Re: Bitcoin, the institutional coin Post by: bitmover on April 01, 2021, 11:25:27 PM You were probably thinking about ETF when the person thinks they are truly buying a product while in fact, it's just a promise of future ownership. Well, exactly what we have now with Gold's ETF Well, Gold ETF actually does that. It is called paper gold (you can search about it, tons of articles in the internet), a gold which exists only in paper. Certainly they will do that with bitcoin as well, as they do it with a physical asset. Like this one on forbes: Quote The share price tracks the price of gold, and it trades like a stock, but the vast majority of investors don’t have a claim on the underlying gold. The reason for this is that you can only request physical delivery of metal if you own a minimum of 100,000 GLD shares (most investors don’t: at $1,000 gold, 100,000 shares is more than a million dollars). Even if you do own enough shares, the GLD ETF reserves the right to settle your delivery request in cash. So why is GLD appealing to investors if you never actually own any gold? ... Think about it: If you own GLD, you must rely on a counterparty to make good on your investment. If the fund’s management, structure, chain of custody, operational integrity, regulatory oversight, or delivery protocols break down, your investment is at risk. It all raises too many questions. Can you be sure the bank doesn’t front-run its customers? How safe are the fund’s holdings? Is the fund protected by adequate insurance? Is the custodian bank trustworthy enough to safeguard the gold? The best reason to own gold is as a hedge against risk. It can be your last line of defense in an economic crisis—a form of wealth insurance, if you will. But since gold ETFs are part of the very banking system you need protection from, you must ask yourself if they serve one of the primary purposes for owning gold. https://www.forbes.com/sites/oliviergarret/2017/03/22/gld-vs-physical-gold-which-is-the-better-investment-now/?sh=563948fb2a0b this is similar as well: https://www.forbes.com/sites/oliviergarret/2017/03/09/3-reasons-why-investors-should-avoid-gold-etfs/?sh=768f364c4dd8 Quote Buying 'paper gold' ETFs could be 'huge failure' if gold is in short supply - Bond King Gundlach Purchasing “paper gold [ETFs] could be a huge failure in entire gold-delivery system” as there is not enough of the yellow metal to cover all the paper demand, Gundlach said in a Tuesday webcast. If, after buying a gold-backed ETF, investors might want to get their hands on that physical gold, there might not be any left, Gundlach warned. https://www.kitco.com/news/2020-04-02/Buying-paper-gold-ETFs-could-be-huge-failure-if-gold-is-in-short-supply-Bond-King-Gundlach.html Another one: Quote Why gold-backed ETFs 'have created an illusion' “Many gold transactions, such as futures contracts, certificates, and ETFs, are nothing more than paper proxies or derivatives of gold. They do not represent legal ownership of gold. These proxies may work as planned during normal market conditions but may fail under stress, when investors need the safe haven of bullion the most. I have always said that if you aren’t paying reasonable insured storage fees for allocated bullion, then in all likelihood you don’t own any gold at all.” According to the World Gold Council, global gold-backed ETFs added 298 tonnes, or US$23 billion, across all regions in the first quarter of 2020, while total ETF holdings amounted to 3,296 tonnes, representing US$179 billion. The largest ETF is SPDR Gold Shares (GLD) with 1,048 tonnes. ... He added: “Unlike physical gold, ETFs have counterparty risk, because there’s a possibility that the other parties, such as the Authorized Participant (AP), the trustee or others, may default or fail to uphold their part of the agreement.” https://www.wealthprofessional.ca/investments/alternative-investments/why-gold-backed-etfs-have-created-an-illusion/329482 Well, there is tons of material in the internet. I own some Gold ETF. But they are not 100% safe. Having a Bitcoin ETF is not the same as owing bitcoin, just like owing a gold ETF is not the same as owing gold :) Title: Re: Bitcoin, the institutional coin Post by: pooya87 on April 02, 2021, 04:36:09 AM Bitcoin is the "freedom coin" which allows anyone to use it regardless of their background or the amount or the way they are using it. That's the beauty of it.
Whether it is individuals or institutions or whether it is buying $1 or $1 billion won't change the nature of bitcoin. If somehow they manage to stabilize volatility, then it is quite possible They can't because they aren't participating in bitcoin market (ie. centralized bitcoin exchanges) and that is where the price and its volatility is decided.Title: Re: Bitcoin, the institutional coin Post by: TheUltraElite on April 02, 2021, 05:30:50 AM I see bitcoin becoming an institutional coin in the nearest future. institutions are beginning to buy bitcoins in billions of dollars. this will automatically reduce the amount of bitcoin in circulation thereby forcing up bitcoin price. This is a wrong statement but pointing to a correct conclusion. Bitcoin is supposed to be people's currency, not just institutions. But we tend to forget the fact that buying bitcoin means spending fiat and who has the biggest fiat stashes in the world? Not the retail investors but the institutional groups.Even then the tables will never be turned because no one can take control over bitcoin, it is decentralized therefore not dependent on a specific group. But because its price is determined by the demand supply ratio, the flux in price is variable. Remember that everyone who buys bitcoin will not hold for long term. Many of them will sell at a target price and many will buy back again. Title: Re: Bitcoin, the institutional coin Post by: Anonylz on April 02, 2021, 06:12:31 AM I see bitcoin becoming an institutional coin in the nearest future. institutions are beginning to buy bitcoins in billions of dollars. this will automatically reduce the amount of bitcoin in circulation thereby forcing up bitcoin price. You are not far from the truth, lately the institutions have shown much interest on btc than previous years, and from the way it has already started, there is high probability that more institutions will show more interest to be part of the space as we progress into the future, And this moves will also play a significant role in the price aspect, institutions will most likely acquire btc as a store of value and not for market manipulation like what most big whales does. Title: Re: Bitcoin, the institutional coin Post by: Coinsfera on April 02, 2021, 07:07:57 AM I see bitcoin becoming an institutional coin in the nearest future. institutions are beginning to buy bitcoins in billions of dollars. this will automatically reduce the amount of bitcoin in circulation thereby forcing up bitcoin price. Yes, institutional bitcoin interest affects bitcoin positively. It will push up the price and it will make it less volatile. However, as we saw in news, many institutions enlarge their crypto holdings by also adding different coins such as ETH, BTC Cash, Litecoin. When Bitcoin becomes real digital gold accepted internationally, then other coins will get the chance to perform even better. The previous interest in Bitcoin will be transformed to others. Title: Re: Bitcoin, the institutional coin Post by: Kittygalore on April 02, 2021, 07:16:18 AM Yes, institutional bitcoin interest affects bitcoin positively. It will push up the price and it will make it less volatile. However, as we saw in news, many institutions enlarge their crypto holdings by also adding different coins such as ETH, BTC Cash, Litecoin. When Bitcoin becomes real digital gold accepted internationally, then other coins will get the chance to perform even better. The previous interest in Bitcoin will be transformed to others. This is not a positive for everyone, in perspective it looks good because it pushes up the prices but considering that, it means that individual/retail investors is going to have a hard time getting in because it is an expensive thing to do. Hopefully, those things can happen and if there is no way to stop the progress, I guess the only thing that I can say in terms of this is that individuals who want to get in bitcoin needs to get in now rather than later where the prices is far more expensive.Title: Re: Bitcoin, the institutional coin Post by: Kakmakr on April 02, 2021, 09:10:45 AM I see bitcoin becoming an institutional coin in the nearest future. institutions are beginning to buy bitcoins in billions of dollars. this will automatically reduce the amount of bitcoin in circulation thereby forcing up bitcoin price. Institutional buyers are speculators, so with the slightest volatility... most of these institutional investors will dump their coins. This will give an opportunity to the "real" bitcoiners to buy back some of those coins. ;) Do you think any institutional traders will hoard coins, when we see a 70%+ correction..like we saw after 2017? (Will never happen, they will drop those coins faster than I will be able to say "dump". It is a tug of war between the "real" hoarders (Bitcoin Whales) and the Institutional Fiat Whales. ;D Title: Re: Bitcoin, the institutional coin Post by: franky1 on April 02, 2021, 09:57:33 AM when the gameplay plays out. it will be a institutional coin
look at the messages the main bitcoin devs say "bitcoin is not a cash system its a reserve asset" "to use crypto daily you have to lock-up bitcoin into counterparty contracts and play on other networks with other mediums of exchange" "exiting the counterparty contracts/networks will be costly. so atomic swap value to an alt" in the future most 'users'(average joe) wont hoard bitcoin. they will put it into custodian services and lock it to use other networks and at the other network exit.. hand bitcoin to the counterparty while average joe gets handed altcoins its like the gold reserve era lock up gold. play around with bankers cheques. and if you want to escape the bank they will give you other currency forms like nickel and brass coins. because getting gold back comes with a fee bitcoin will become too expensive to use as its own barter currency(like gold became) and other mediums of exchange would be used for the average joe. while the big players hoard the real assets Title: Re: Bitcoin, the institutional coin Post by: mk4 on April 02, 2021, 10:32:46 AM *snip* Where your most likely going to be wrong here is thinking that what's going to happen to Bitcoin in the long-term would totally depend on what some developers think. The fact is, the people who think that bitcoin is for payments would still use it for that purpose, regardless who thinks regardless. Because isn't having total freedom with your money one of the main points of Bitcoin? Hold it, trade it, spend it, do whatever. No one should give a crap. Title: Re: Bitcoin, the institutional coin Post by: Stalker22 on April 03, 2021, 01:02:26 PM I see bitcoin becoming an institutional coin in the nearest future. Bitcoin is a useful tool for everyday consumers and entrepreneurs who might not be able to access the traditional banking system easily, and it's a potential alternative to traditional currencies, money transfer and payment services. It is not only a "cryptocurrency," but also a "digital currency" with equal standing in any segment of "traditional currencies." In the future, I believe we will see more institutions and countries embrace digital currencies. Title: Re: Bitcoin, the institutional coin Post by: The Cryptovator on April 03, 2021, 01:38:54 PM I know institutional investment pushing up Bitcoin price, but I do not agree to call it an institutional coin. Tesla invests a huge amount in Bitcoin, it doesn't mean we should call it Tesla coin. Investing in Bitcoin simply means they are accumulating (buying) Bitcoin. But yes, due to the holding period of institutional investor's total circulation reduction from the market and this is the main reason for the increasing price. So for me, Bitcoin is an independent decentralized coin forever. Doesn't matter who investing or buying it.
Title: Re: Bitcoin, the institutional coin Post by: Bitstar_coin on April 03, 2021, 01:57:00 PM Yes some how that is where btc is heading, "an institutional coin" because as it is the price of btc is do high that only very few individuals can afford to buy a whole 1btc, in essence btc is gradually turning into institutional coin because of the high price.
Title: Re: Bitcoin, the institutional coin Post by: Reid on April 03, 2021, 02:07:45 PM No, I don't think so.
That is why we mostly witness private companies buying it in large amounts. It's their own money and not as part of something else. Someday it will still circulate if the usage will really happen. But, we can't just see it now. I do use the gambling perspective to see the future and also for me to understand easily what will happen someday. Gamblers using bitcoin as means to gamble and sites will pay in the same currency. Same thing as what is happening in the market. (wet or dry) ;D Title: Re: Bitcoin, the institutional coin Post by: pealr12 on April 03, 2021, 02:34:31 PM No, I don't think so. That is why we mostly witness private companies buying it in large amounts. It's their own money and not as part of something else. Someday it will still circulate if the usage will really happen. But, we can't just see it now. I do use the gambling perspective to see the future and also for me to understand easily what will happen someday. Gamblers using bitcoin as means to gamble and sites will pay in the same currency. Same thing as what is happening in the market. (wet or dry) ;D Don't compare what the institution is accumulating with gambling sites, those are far from each other, right now, an institution can buy up to a million btc if they choose and that amount will be in reserve and under the control of some few individuals, can that be compare to what a gambling site is paying out to users! Like it or not, only big institutions that can afford to buy huge amount of btc and if they do that gives them some certain level of power to be able to influence the market with what to hold, If not now, but soon when btc is coating about $100k, only institutions and very few individuals can buy 1 btc and above. Title: Re: Bitcoin, the institutional coin Post by: famososMuertos on April 03, 2021, 03:05:34 PM Sometimes personal assessments are incorrect or simply, although poorly raised, only reflect a necessary technicality to express oneself and it does not mean complete ignorance of what is being talked about, it is something like or similar to "empirical".
The technical interpretation of bitcoin is precise and there are no grays in its understanding, but its influence, use, applications and in general the "revolutionary" premises that many users arrive at can be very empirical and based on an understanding limited to what we believe It is bitcoin, it is a mixture of mistakes, in particular I think it is his case in the approach of his idea. On the other hand and trying to understand him in his dilemma, you have the effect, "I'm arriving late" so those who have more money are taking away the opportunity to have bitcoin and in that crisis of criteria you are looking for culprits and you want to give (wrong) nuances to bitcoin; the solution, simply invest today in bitcoin, there is also satoshi. Title: Re: Bitcoin, the institutional coin Post by: yhiaali3 on April 03, 2021, 03:28:16 PM This talk has two sides. The first aspect is true that large institutions buy large quantities of Bitcoin will lead to a shortage of supply in the market and thus an increase in demand and higher prices, but on the opposite side, if the large institutions offer these large quantities of Bitcoin that they previously bought, this will lead to dumping The market and the supply increased dramatically, and consequently, a significant decrease in the bitcoin price.
This is a worrying thing in fact because most of the large companies are not interested in adopting Bitcoin as an idea, but rather their primary goal is profit, so they will have no objection to selling all the quantities they have when they achieve high profits. Title: Re: Bitcoin, the institutional coin Post by: aysg76 on April 03, 2021, 03:59:44 PM I see bitcoin becoming an institutional coin in the nearest future. institutions are beginning to buy bitcoins in billions of dollars. this will automatically reduce the amount of bitcoin in circulation thereby forcing up bitcoin price. The major institutions are investing huge funds into the Bitcoin market due to their billions of dollars funds and yes they are taking advantage of this by gaining huge profits but we need to understand that even after such huge investments they are getting tiny share of the total supply due to price increase in btc and circulation in market shrinking.Retail investors are also slowing moving and growing into the market and funds moving into market cap.This image illustrates that retail investors are slowing taking over the market and in long run both will play hand to hand.https://i.ibb.co/CMps87W/Screenshot-20210323-224552-01.jpg (https://ibb.co/QC7jQNX) (https://geojsonlint.com/) Quote Bitcoin is not meant to be tool for rich but rather a payment method which will can help the people to have freedom for their funds. Title: Re: Bitcoin, the institutional coin Post by: btcsmlcmnr on April 04, 2021, 02:32:33 AM I see bitcoin becoming an institutional coin in the nearest future. institutions are beginning to buy bitcoins in billions of dollars. this will automatically reduce the amount of bitcoin in circulation thereby forcing up bitcoin price. Bitcoin is not created for institutes or big corporations. It is built for all people who can accept it. There are millions of Bitcoin and trillions of its fractions for people to have it. Just if they want or not.Institutes are one of components in the Bitcoin market but it would go wrong if you conclude Bitcoin is only for them. It wi break the decentralization of Bitcoin, in network hashrates and wealth distribution. Not all addresses in the rich list belong to institutes. https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html Title: Re: Bitcoin, the institutional coin Post by: Ozero on April 04, 2021, 07:22:33 AM I see bitcoin becoming an institutional coin in the nearest future. institutions are beginning to buy bitcoins in billions of dollars. this will automatically reduce the amount of bitcoin in circulation thereby forcing up bitcoin price. Bitcoin has never been institutional in nature, the fact that institutions are currently being interested is something else, now what is most seen is investment, but why? Because it has been determined that Bitcoin can be considered by some as a safe haven, for some it is more profitable to leave the investment of gold and put it in Bitcoin. The new rich have entered and there are still many to enter, those who have entered many have manifested it but the majority who will enter will be anonymous and yes, the more they enter buying, the higher the price will be. Title: Re: Bitcoin, the institutional coin Post by: skarais on April 04, 2021, 08:01:40 AM OP, although institutional investor can buy 1%-10% of the total circulating bitcoin supply, I believe they will not be able to control it. So far I have seen the involvement of institutional investor in bitcoin investing as a big support, but at the same time they also want to profit from rising price. Institutional investor will not stick with bitcoin forever, they may still sell some of their bitcoin when the need arises. Bitcoin is a decentralized asset, so there's no way it will only benefit a group of investor.
Cryptocurrency has not even become completely legal in the world, and therefore it and the participants in this market still have many unresolved problems. Cryptocurrency trading can be considered a legitimate activity, at least not many countries prohibit bitcoin/ cryptocurrency trading in their countries. Bitcoin and its users must also comply with local regulation if it is to be used as a currency which is currently illegal in some countries.Title: Re: Bitcoin, the institutional coin Post by: fiulpro on April 04, 2021, 10:01:05 AM I see bitcoin becoming an institutional coin in the nearest future. institutions are beginning to buy bitcoins in billions of dollars. this will automatically reduce the amount of bitcoin in circulation thereby forcing up bitcoin price. Ofcourse BUT , I do think that you are not realizing the fact that this isn't all that Good. Institutions as we know it have ties with each other. They work in packs and if they do want to make profits they would reduce the price within couple of seconds by selling and then it will cause people to panic sell too thereby giving them the perfect opportunity to buy at a reduced rate. Which will inturn cause hyperinflation. Making it inaccessible for us. It's good thing it's in a limelight but never forget that market manipulation is only going to hurt small Investors. Do you remember about Elon Musk!? How he played with the price a lot of times ?? This is just the beginning with Marvel also trying to bite into some profits, I honestly don't know where this is going to take us. OP, although institutional investor can buy 1%-10% of the total circulating bitcoin supply, I believe they will not be able to control it. So far I have seen the involvement of institutional investor in bitcoin investing as a big support, but at the same time they also want to profit from rising price. Institutional investor will not stick with bitcoin forever, they may still sell some of their bitcoin when the need arises. Bitcoin is a decentralized asset, so there's no way it will only benefit a group of investor. Cryptocurrency has not even become completely legal in the world, and therefore it and the participants in this market still have many unresolved problems. Cryptocurrency trading can be considered a legitimate activity, at least not many countries prohibit bitcoin/ cryptocurrency trading in their countries. Bitcoin and its users must also comply with local regulation if it is to be used as a currency which is currently illegal in some countries.Ofcourse no one can control Bitcoins but I think we should understand the fact that they can always manipulate the market. Title: Re: Bitcoin, the institutional coin Post by: Poker Player on April 04, 2021, 10:08:36 AM I wouldn't say it's an institutional currency, because to begin with, as of today, it's more of a store of value than a currency. Maybe it will be in the future, but I doubt it. We should not forget that if Bitcoin is succeeding in this cycle it is thanks to institutions, and I don't see a problem with that. It departs from the original idea of the Bitcoin, but many times an invention goes beyond the idea that its creator had.
Title: Re: Bitcoin, the institutional coin Post by: 0t3p0t on April 04, 2021, 11:14:03 AM I see bitcoin becoming an institutional coin in the nearest future. institutions are beginning to buy bitcoins in billions of dollars. this will automatically reduce the amount of bitcoin in circulation thereby forcing up bitcoin price. No doubt it is still demand and supply that force Bitcoin's price up high. Shills will also trigger a temporary pump just like what Elon Musk did a couple of months ago but the demand is increasing day by day plus those FOMO. Title: Re: Bitcoin, the institutional coin Post by: galestorm on April 04, 2021, 11:36:31 AM I dont think bitcoin would be an "institutional coin". If you put it like that, it gives the impression that bitcoin will mostly be of use to instititions, when in reality it is for everyone. Bitcoin can be used by companies, corporations, even small businesses and small investors. This is why the government fears bitcoin because of its viability. It has the same characteristics as fiat in terms of monetary value, but with much more freedom dor its users. I can see that institutions would use bitcoin, but it wouldnt just be limited to that.
Title: Re: Bitcoin, the institutional coin Post by: yazher on April 04, 2021, 12:52:26 PM I wouldn't say it's an institutional currency, because to begin with, as of today, it's more of a store of value than a currency. Maybe it will be in the future, but I doubt it. We should not forget that if Bitcoin is succeeding in this cycle it is thanks to institutions, and I don't see a problem with that. It departs from the original idea of the Bitcoin, but many times an invention goes beyond the idea that its creator had. I think it might become a known currency in the future as well because the kind of popularity it gets right now is real amusing but the only problem is those who still don't really want to know how it works and how will it help them counter the manipulating banking authority which has all the power to control their money and let them pay some tax which is not really necessary. If they can just see the importance of BItcoin regarding this issue, they might also want to use it as their own main asset as soon as they know how to protect their BTC in their personal wallet. Title: Re: Bitcoin, the institutional coin Post by: TheUltraElite on April 11, 2021, 06:16:38 AM No doubt it is still demand and supply that force Bitcoin's price up high. It was only back in pre-2011 that demand was too low but supply was in surplus and the price was down in 3 digit figures. Today the demand is everywhere so much so that some governments have been forced to take strict measures to control the trading and investment activities of their citizens.Quote Shills will also trigger a temporary pump just like what Elon Musk did a couple of months ago but the demand is increasing day by day plus those FOMO. The Musk induced pump was timed well, with a number of institutions buying crypto and making headlines the pump remained and although I was thinking that price would quickly drop after this millionaire shut his mouth, it did not because of the Paypal backing. Therefore the market is currently between bullish-to-steady.So even though institutions help in moving the market, it remains use-able to everyone, albeit not affordable to everyone at this price anymore. Title: Re: Bitcoin, the institutional coin Post by: mbe48 on April 11, 2021, 09:17:23 AM In theory, I think this volatility will decrease as the Bitcoin market and technology develops. Never before had a currency invented itself, so it is very difficult (and interesting) to imagine what developments will follow. But in my opinion, if it is related to marketing techniques, the more demand the rarer the total product, the higher the price. It is possible that this theory could happen.
Title: Re: Bitcoin, the institutional coin Post by: rokon1234 on April 11, 2021, 09:31:28 AM In my opinion, all organizations now understand how profitable it is to invest in bitcoin and because of this the price of bitcoin is increasing day by day.However, this is not uncommon because their investment in bitcoin will go to a better level in the future.
Title: Re: Bitcoin, the institutional coin Post by: michellee on April 11, 2021, 11:32:04 AM I see bitcoin becoming an institutional coin in the nearest future. institutions are beginning to buy bitcoins in billions of dollars. this will automatically reduce the amount of bitcoin in circulation thereby forcing up bitcoin price. Even if that is true, bitcoin still for all people who want to hold bitcoin as an investment and make money from bitcoin. The institution can buy bitcoin at any price, but that does not mean that people can not buy bitcoin. If people see bitcoin worth holding, they will buy bitcoin too and hold it for a long time. The demand for buying bitcoin will increase in the future, especially if bitcoin prices start the rally and break the highest price. People will see that bitcoin will be the best investment for them, attracting bigger companies to join the bitcoin world. |
