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Author Topic: Is it just the starting of fueling Bitcoin for riding to moon?  (Read 279 times)
el kaka22
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January 24, 2021, 08:51:05 AM
 #41

Institutional investors are getting into Bitcoin now and have been for a few months now
and will continue the trend at whatever value Bitcoin is at because when Bitcoin reaches a
$300k or $500k value nobody will be complaining that they bought at $55k rather than $35k

Institutional investors are not going to be selling next year or the next 5 years, what is the
alternative to Bitcoin for storing their wealth.

I was happy with the recent dip, I was able to buy with the last $30 I had on an exchange.

I will be buying more when FIAT is available for me - always
Warren Buffet has been keeping his coca cola and Gillette stocks for probably 600 years now, those are the type of people these are. When a huge company like JP Morgan or whatever buys stocks? They end up keeping it for years, why leave that much cash and profits aside? At the end of the day we are talking about these type of corporations here and they are going to definitely leave crypto in their vaults and just keep it there, it would be a horrific thing if they get hacked, that would be very very scary, but aside from that we are talking about nothing that can change the situation we have in our hands.

It is something that is valuable to remove crypto from the market, if you do remove that much bitcoin from the market (and they keep doing it) eventually there will be less and less and that would make bitcoin more scarce and valuable.

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exstasie
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January 24, 2021, 10:25:36 AM
 #42

The recent chart looks a lot like a bubble that has popped - we had a failed retry of $40k, some sideways action, dip below $30k and now there's a very weak attempt to go up again. This is all similar to what happened after the $20,000 was reached in 2017.

You can only recognize a bubble pop like that in hindsight, after a 50%+ crash has occurred. The absolute dollar drop may look harsh but this correction didn't even crack 32%, and while the short term price action looks stagnant I'm seeing signs of an accumulation bottom. New lows are still possible but I'd put the chances at maybe 20%, especially given how bullish ETH looks. If we see sub-$30K again, it's almost certainly the last time before the market starts bubbling up to new highs.

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January 24, 2021, 11:16:09 AM
 #43

Aren't these cooperations and institutional investors buying Bitcoin now or maybe when it was lower to sell at a higher price? Well, if the endgame is to make money for themselves and the VC/Clients funds they represent, then it's safe to assume they will probably sell when the price goes higher. A friendly reminder that these are big players with well thought out investment strategies who know what they are doing. No need to get over excited whenever such announcements are made.

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January 24, 2021, 01:33:55 PM
 #44

It is very strange for me that such giants buy bitcoin only when it has grown by almost 10 times. What strategies can one speak of if they act like hamsters.

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January 24, 2021, 02:49:22 PM
 #45

Respecting all criteria, I think that this still does not show the bullish trend, because I believe that the price has risen due to investment by institutions, since it has been sustained and well argued through news making it known that companies such as Paypal bought a amount of newly mined bitcoins, this means a lot worldwide, however, as I see the market, the bullish trend has not yet arrived and we must prepare for it.

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