Why HODLers now pray for banks and institutions to enter if Bitcoin...

[aizen10]

I think hodlers wants to see a massive adoption on that view, because without new investors, bitcoin will stagnant and stock at this rate of dip. Meaning the only one way that will surly can save them (hodlers) are a massive adoptions from banks and institutions.

[TheUltraElite]

Maybe its because they buying coin at highest price and right now their portfolio drop more than 90%. They hoping banks and financial institution will injecting billion dollar in market and make the price reach highest again. Hodler should be patient with their investment because i think crypto is long term investment

Typically the speculative market traders are looking for money to enter the market. It is what the market is lacking currently, new blood needs to enter so that others can sell and come out the market. They are the people who are trying to create this atmosphere because they are at a loss and need to sell to short their bitcoin.

If that will be banks then you are in a delusion because that is not happening anytime soon. At the most we can have an ETF coming soon next month.

Those who dont care about the short term gains are peacefully sleeping this bear market. No use of speculating, because it leads nowhere if you know what I mean.

[sunsilk]

The more money will come in to bitcoin, the higher the price is.

This is the reason why many wants to see institutions and bankers to start getting into bitcoin. We all love to see the price of bitcoin increase once again, we've been into a very long dip and this is the hope that's being seen.

But if these banks will step in, there's nothing new with the old system even though they'll get in and adopt bitcoin. They do charges usually with their transactions and operation.

[levvv]

...was supposed to free us from them?

Maybe to get protection from institutions ? There are many crypto holders has been scammed by the others.
and they already lose their money much because of that. But this is only my opinion.
The fundamental aspect of crypto is decentralized, so as long it keep decentralized, it is ok for institutions to enter.

[suzanne5223]

The more money will come in to bitcoin, the higher the price is.

This is the reason why many wants to see institutions and bankers to start getting into bitcoin. We all love to see the price of bitcoin increase once again, we've been into a very long dip and this is the hope that's being seen.

But if these banks will step in, there's nothing new with the old system even though they'll get in and adopt bitcoin. They do charges usually with their transactions and operation.

Yes, you're right with what you said and I so agree that the banking insitutions will pump in more money into bitcoin market but the one reason why most hodlers want the banking institution to step into bitcoin is because their involvement will give old, new and yet to invest investors more confidence in bitcoin. However, it will work just like the government endorsement of bitcoin.

[TheUltraElite]

The more money will come in to bitcoin, the higher the price is.

The more money that comes in the more money will go out as well.

This is the reason why many wants to see institutions and bankers to start getting into bitcoin. We all love to see the price of bitcoin increase once again, we've been into a very long dip and this is the hope that's being seen.

People are waiting with a high level of panic because they feel their dreams of getting rich in 1day with bitcoin was a lie and now they are sorry for it. They are ready to sell as soon as price rises again. Basically they are captalising the fear and uncertainity being fed by no-coiners and market manipulators.

But if these banks will step in, there's nothing new with the old system even though they'll get in and adopt bitcoin. They do charges usually with their transactions and operation.

However the chances are very slim as to how much traditional financial systems would accept and allow bitcoin. Regulation is not easy to do and neither is running an economy.

[btlzpr]

When people are disappointed with decentralization, they will inevitably move in the opposite direction. Although I don't think centralization is bad for crypto, it seems that crypto hugs centralization may change the market.
In other words, centralization and decentralization may not be contradictory, it only depends on when it is good for crypto.

[Sandus_Cryptolover]

...was supposed to free us from them?

Too bad that most investors want institutions and ETF approval to get into the community with hopes that their involvement will push the price of Bitcoin up and perhaps to a new ATH.

[South Park]

...was supposed to free us from them?

Cryptocurrencies were supposed to free us from banks and their fiat currency, but many of those that are waiting for those institutions to come to the market and to save them only care about the value of cryptocurrencies compared to fiat, they do not really care about the market or about its progress and as the market of cryptocurrencies becomes bigger you should expect this to be more common.

[BADecker]

Remember... when the price of Bitcoin goes down, it isn't really happening that way. What is really happening is that fiat is going up.

Everything is money. Hodling is simply another way of saving a certain kind of money, just like saving some gold and silver, and investing in some land, or anything else invested in... like a business.

[TheUltraElite]

When people are disappointed with decentralization, they will inevitably move in the opposite direction. Although I don't think centralization is bad for crypto, it seems that crypto hugs centralization may change the market.

However the ideology of bitcoin is based on decentralization. However there has been ambuiguity regarding the decentralized nature of few coins which are not the original bitcoin but the forked coins namely BCH and other coins which dont even have that much capability of mentioning. Those coins are controlled by the so-called whales RogVer and Craig.

In other words, centralization and decentralization may not be contradictory, it only depends on when it is good for crypto.

In true sense decentralization is possible in the design of bitcoin only. Other coins are not completely like that even if they claim to be.

Giving the majority supply to bankers does not mean it became centralized at all.