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Author Topic: what would the entry of 'big money' look like?  (Read 553 times)
European Central Bank (OP)
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July 27, 2017, 08:16:51 PM
 #1

this is something that's been threatened for years, but hasn't really happened in a big way.

so let's assume for a moment that the decks are cleared for any forex or stock trading firm to get into bitcoin. no weird hacks like gbtc, no crappy exchanges, no regulatory holdups - there's the market, go play.

there's a pathetically small amount of coins available to buy. many people here seem to assume they're all gonna pile in and outbid each other until it's in the millions. i find that extremely weird behavior for professionals.

how do you think it would play out?
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July 27, 2017, 08:54:41 PM
 #2

When it happens and BTC gets to stock exchanges around the world we'll have an incredible boom and it won't be wall street money launching us to the moon. With news like that all those crypto investors that are now deep in altcoins will switch to BTC smelling a large pump. Same with all those who have some BTC and some fiat saved up, they just go all in at the news of bitcoin stocks. All these people expecting the pump will directly be the cause of it.

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July 27, 2017, 09:45:56 PM
 #3

With $25 Trillion of new money created in the last 10 years all kinds of assets have been inflating. For example, facebook is now worth half a trillion for no good reason, so I don't see why bitcoin couldn't get substantially inflated if it connects to the same money machine. I don't think we'll get much past $10k, though, because that's was most HODLers consider "a lot".




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July 27, 2017, 10:22:51 PM
Last edit: July 27, 2017, 11:08:57 PM by Torque
 #4

First off, I'm not one of these people that think frenzies, rallies and bubbles in any equity or commodity market happen spontaneously. They are created behind the scenes by deep pocket market makers.

So the first thing is, "they" need a plausible narrative in order to really drive a huge rally and get Average Joes to buy the narrative and start buying bitcoin en masse.

They only have two choices of narratives: greed-based rally or fear-based rally.

We've seen the greed-based rallies in the past. They drive the price up, pepper the MSM with some bullish rumors/news, and hope that people get FOMO and buy. But these rallies only go so far, and then eventually peter out.

What we haven't seen is the fear-based rally. The fear-based rally has to be driven on the narrative that Bitcoin is like Gold or Silver, a "safe haven" to run to in times of crisis when the other markets crash or take a dive. Bitcoin was originally created for that very purpose and has the all attributes of a good safe-haven, but it was birthed after the last crisis (2009 Financial Crisis) so we've never actually seen it perform under stress in times of a true world crisis.

After the 2009 financial crash, Gold and Silver first took a small dip, then rallied to new ATHs in 2011. People were sold the narrative that QE would create massive inflation in the economy and that's why Gold/Silver were rallying, so the people bought into PMs as a hedge. Again, I don't believe this rally was spontaneous, I believe the bullion banks gave it a little push to get started by dumping their massive PM short positions and then went long. Other hedge funds joined in.

Could "they" do the same with Bitcoin? I don't see why that scenario couldn't play out if we have another financial crisis in the future. Which could truly send it to the moon.
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July 27, 2017, 11:08:11 PM
 #5

Even though apparently there are few coins for a market like that, I think many people will sell theirs if it doubled or had a substantial raise. Plus, BTC has 8 digit... satoshis might be the unit they trade finally in markets like that. In that case a not very large supply of sellers will be more than enough to cover demand and price will skyrocket.

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July 27, 2017, 11:34:26 PM
 #6

I don't think we'll get much past $10k, though, because that's was most HODLers consider "a lot".

who cares what they think? they ain't the ones buying any more. all they can do is sell. once.
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July 28, 2017, 03:28:27 AM
 #7

Didn't the big money entered 4 months ago when price start jumped from $980 above $2900+ as ATH? what else would you want, basically crypto started from zero to $100B market capital, my country contracted Total France oil-gas company for years with a worth equal to $4B and it was announced like they gave us the entire world on a plate, a country with more than 70M people and even though that's for extracting oil and gas to sell, but now we have literally nothing other than 120GB of data holding a value more than $40B.
I wouldn't be so sure about trillions coming in crypto, that kind of figures requires governmental insurances. capital that big shouts out for security and some guarantees, crypto lacks either of them.

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July 28, 2017, 03:58:38 AM
 #8

in order for Forex or decent stock trading markets to add bitcoin, bitcoin has to be regulated first. you can check out the Japanese news to see how that affected things. their biggest Forex exchange called click security IIRC added bitcoin when it was regulated and i'd like to believe the rally to $2900+ was affected greatly by that.

and it will happen in the future, as bitcoin becomes bigger and more used and as other countries keep regulating bitcoin like Japan did, there is no other choice for other countries which are resisting so far (like US) to do the same.

and hopefully by that day the weird stupid $100 swings in 1 day and $700 in 7 ends Wink

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July 28, 2017, 06:08:50 AM
 #9

Didn't the big money entered 4 months ago when price start jumped from $980 above $2900+ as ATH? what else would you want, basically crypto started from zero to $100B market capital, my country contracted Total France oil-gas company for years with a worth equal to $4B and it was announced like they gave us the entire world on a plate, a country with more than 70M people and even though that's for extracting oil and gas to sell, but now we have literally nothing other than 120GB of data holding a value more than $40B.
I wouldn't be so sure about trillions coming in crypto, that kind of figures requires governmental insurances. capital that big shouts out for security and some guarantees, crypto lacks either of them.

I think the money come mostly from Japan because of its adoption of bitcoin. The cash flow  that time was crazy. I was observing that in a day bitcoin jumps $100 until it reached and peak at around $2900. And that is one country alone. Imagine if other countries followed suit as well literally a lot of people are gonna be hundreds of even millions of dollars richer.

in order for Forex or decent stock trading markets to add bitcoin, bitcoin has to be regulated first. you can check out the Japanese news to see how that affected things. their biggest Forex exchange called click security IIRC added bitcoin when it was regulated and i'd like to believe the rally to $2900+ was affected greatly by that.

and it will happen in the future, as bitcoin becomes bigger and more used and as other countries keep regulating bitcoin like Japan did, there is no other choice for other countries which are resisting so far (like US) to do the same.

and hopefully by that day the weird stupid $100 swings in 1 day and $700 in 7 ends Wink

However, regulations should be put to protect the money of the investors. Japan has already put a lot of positive effects on the bitcoin market. And I'm just hoping that another big financial powerhouse nation should join soon and perhaps we can see then that bitcoin added to a big forex or stock trading markets. It remains to be seen though.

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July 28, 2017, 06:10:52 AM
 #10

this is something that's been threatened for years, but hasn't really happened in a big way.

so let's assume for a moment that the decks are cleared for any forex or stock trading firm to get into bitcoin. no weird hacks like gbtc, no crappy exchanges, no regulatory holdups - there's the market, go play.

there's a pathetically small amount of coins available to buy. many people here seem to assume they're all gonna pile in and outbid each other until it's in the millions. i find that extremely weird behavior for professionals.

how do you think it would play out?

Having a "pathetically small amount of coins ot buy" is actually a good thing.
If there weren`t any HODLers,the bitcoin price would still be around 200-300 USD.
This is not "extremely weird behavior", because most of the btc holders are NOT professionals.
They don`t have the knowledge and skills to trade and they don`t want to take the risk.
That`s why they hold.

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July 28, 2017, 06:29:30 AM
 #11

this is something that's been threatened for years, but hasn't really happened in a big way.

so let's assume for a moment that the decks are cleared for any forex or stock trading firm to get into bitcoin. no weird hacks like gbtc, no crappy exchanges, no regulatory holdups - there's the market, go play.

there's a pathetically small amount of coins available to buy. many people here seem to assume they're all gonna pile in and outbid each other until it's in the millions. i find that extremely weird behavior for professionals.

how do you think it would play out?

Having a "pathetically small amount of coins ot buy" is actually a good thing.
If there weren`t any HODLers,the bitcoin price would still be around 200-300 USD.
This is not "extremely weird behavior", because most of the btc holders are NOT professionals.
They don`t have the knowledge and skills to trade and they don`t want to take the risk.
That`s why they hold.


You do not need to be a professional trader to see the difference between a low price and a high price. We advocate the trading principle of buying low and selling high. < Something that most people should be able to do > At some stage most people enter exchanges to buy and sell coins, so they gain trading experience from that.

People HODL because they are lazy. If you trade frequently, you should make more money than simply buying once and playing the waiting game.

If everyone HODL coins, you will get a situation where there is zero demand < people stop buying, because there is no supply > and that would push down the price too.  ^grrrrrrr^

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July 28, 2017, 07:21:11 AM
 #12

and hopefully by that day the weird stupid $100 swings in 1 day and $700 in 7 ends Wink

Sounds boring, who wants that? Tongue

In all seriousness though, it's been great watching Bitcoin grow up. Despite all the drama things have gotten much more stable and professional (ignoring the alt and ICO market). I'm pretty sure at least some "big money" has already privately entered the market as the entry barrier to Bitcoin is incredibly low. IMO the biggest factor that kept large scale investments from happening so far was trust, but that's already beginning to change. I think regulations only come second after that.

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