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Author Topic: Another institutional investment firm is getting involved in bitcoin.  (Read 262 times)
Lorence.xD
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November 29, 2020, 01:56:13 AM
 #21

Well i guess their timing is right, enough dip for them to dive in, maybe their coming will help change the direction of price if they are ready to buy a shit load of btc Wink lol!
anyways, good thing institutions are showing more interest on btc and crypto, i will assume it will be for the benefit of the crypto space at large.

With more whales trying to get in to the cryptocurrency game, I think that they are vying for control with their little own bubbles. The good thing about this is that, a dump will only be a dent for the overall price of the market which is a good thing for small hodlers. I agree that it is a benefit for crypto space and hopefully that this institutional adoptions become a catalyst to make a crypto integrated mainstream economy.

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Sterbens
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November 29, 2020, 06:11:59 PM
 #22

We've heard of them before, I think that was last year and then they've pulled out with the proposed ETF.

Scarcity and high prices may soon become out of reach of the general public and may only be available to wealthy individuals or companies.
What do you think?
No. It won't be like that. Bitcoin isn't like that and it's free for everyone as long as you want to buy it and you actually do it. Don't let all of the institutions take all the bitcoin in the circulation. It's why as early as you can, buy and accumulate for your own.

yes right, and therefore it would be nice for each institution to be given a limit in making bitcoin purchases. to balance the consequences of trading. although there is a buying and selling cycle, it is manageable and results in manipulation of the trading volume level.

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Walterhank
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December 16, 2020, 07:15:38 AM
 #23

yeah, the institutions are keenly interested in BTC nowadays which is becoming centralized instead of decentralized. Without any doubt, more institutions will also jump in too which will make it a capitalized crypto.
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