Since the stock market got into Bitcoin

[Walrus1]

Hey, it seems like since the market got into btc and I mean the CME and the various exchange traded funds on the New York stock exchange etc the complexion of btc has changed.  It has been stagnant versus the way it functioned  prior to its market adoption. I study market functions as I'm in the Dow and Nasdaq but I've yet to read how the market on btc is being operated by these guys

[SUDARMONO]

The bitcoin market operates directly for 24 hours and this makes it very easy for us to trade and be different from stocks on holiday, which many people love about bitcoin markets and many bitcoin enthusiasts so the stock market takes this opportunity.

[TepungBeras]

It's a very good decision for the stock market to go in bitcoin, because public confidence in this very broad bitcoin will have a good impact on the stock market.

[godzillarekt007]

It has been stagnant versus the way it functioned  prior to its market adoption.

Doubt that, when they got involved in early December Bitcoin was near 16k and since then shot up to 20k and went all the way down to 6k. If that isn't a roller coaster ride, I sincerely don't know what is!

[Walrus1]

Well historically, to this point, it had done much better when it had no ties to the market. Most of the financial discussion  coming out of Wall Street had been about how btc is backed by nothing and prone to bubbles

[daarul50]

The inclusion of btc into the New York Stock Exchange indicates that bitcoin has good prospects as a digital asset to invest. It also indicates that bitcoin prices have stabilized so many people are trading with bitcoins. However, the risk of bitcoin trading is still too risky because the technology used bitcoin with decentralization is bitcoin prices are still held by its users so it is still possible to happen pumping and dumping in the future.

[timikulit]

This is a good news for bitcoin. If all of the institutional investors invest on bitcoin or other promising and stable crypto. The marketcap of cryptocurrency will surely increase dramatically.

However the bad side is more and more whale can manipulate the price of bitcoin or crypto. Just like what happened on forex and stocks.

[breadhy]

The inclusion of btc into the New York Stock Exchange indicates that bitcoin has good prospects as a digital asset to invest. It also indicates that bitcoin prices have stabilized so many people are trading with bitcoins. However, the risk of bitcoin trading is still too risky because the technology used bitcoin with decentralization is bitcoin prices are still held by its users so it is still possible to happen pumping and dumping in the future.

For Bitcoin, the risk is still too high for stocks. The price is determined by the whales. They have a large amount of bitcoin. When they sell or buy Bitcoins, the price of Bitcoin will change constantly.

[pooya87]

bitcoin would have been in the same place even if CME and others never entered it. the only difference would have been the fact that price might not have reached $20,000 so the drop may have been smaller. for example if CME never made their decisions last year, price may have gotten stuck behind $10k and with a lot of push it could break it and reach $11k then drop to $8k-$9k and we would have been right where we are right now. or with a little luck price would have been around $14k with the rally starting soon.

the current price has nothing to do with their "control", it is mainly thanks to how price moved last year.

[squatz1]

No one knows if that's the first time institutional investors got into crypto, we're just saying that because it was the first time the futures came out and even those don't have too much volume, so they wouldn't explain the recent price hikes, falls, hikes, then falls again. So this may sound like something easy to digest, but it's not that easy in my eyes.

[Walrus1]

bitcoin would have been in the same place even if CME and others never entered it. the only difference would have been the fact that price might not have reached $20,000 so the drop may have been smaller. for example if CME never made their decisions last year, price may have gotten stuck behind $10k and with a lot of push it could break it and reach $11k then drop to $8k-$9k and we would have been right where we are right now. or with a little luck price would have been around $14k with the rally starting soon.

the current price has nothing to do with their "control", it is mainly thanks to how price moved last year.

we don't know that. We don't know well enough that we can say the market had little effect. Since up until now they can trade crypto with no regulations it is quite possible the CME and ETFs could be having a major impact