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

[fxsurfer]

...was supposed to free us from them?

[btc-room101]

...was supposed to free us from them?

There is the old-skool libertarian Satoshi view of bitcoin, then there is the is new school 'go to the moon', everybody gets rich skool

When BITCOIN was just geeks pre 2012 it was easy to be a libertarian, and nobody really cared about money, cuz most of the geeks had real jobs, and bitcoin was a hobby,

Then by 2014 assholes started noticing bitcoin and jumped in, and by 2016 the assholes started promoting btc to non-geeks, by 2017 btc was promoted to housewives, morons, and village idiots who bought it on credit cards.

So now the assholes want the banks to bail them out? Right?? Well is not this the AmeriKKKan way?

[pat4cryptoreal]

If we want banks and institutions to start investing in bitcoin it means we want to go back to our vomit, The issue of total decentralization will just be an history. If they have large percentage of the money in coinmarketcap it means they will be in control.

[btc-room101]

If we want banks and institutions to start investing in bitcoin it means we want to go back to our vomit, The issue of total decentralization will just be an history. If they have large percentage of the money in coinmarketcap it means they will be in control.

We the coders who started BITCOIN, don't want the banks, and never did, let's be clear here, its the get-rich-quick assholes 'exchanges', ... that are desperate for anybody to come forward and fund the BITCOIN Ponzi.

In time the assholes will clear themselves out, but only after the buzzards have cleaned bitcoin to the bone.

[mk4]

While one of the main advantages of bitcoin is to have financial freedom, we won't lose this advantage if ever banks and institutions get themselves some bitcoin. I don't think hem having some bitcoin wouldn't give them power over bitcoin so I really don't see any problem with it. If they bought huge amounts of bitcoin, they could probably manipulate the prices? That's probably the best they could do; but besides price, I really don't see a problem with it.

[Herucooles]

Bad news if the bank joins the market community, prices will be controlled and we will become spectators, maybe that's what happens now, bitcoin prices are down.

[St4yInTh3D4rk]

...was supposed to free us from them?

Just because everyone wants the prices of bitcoin to go upwards so when the new money enters into the field it will definitely make the market more greener for now which is short term benefits but in the long term they will eliminate the small investors from the market by making the prices of cryptos too higher so people need to decide what they are looking for.

[VitKoyn]

...was supposed to free us from them?

Its just simple, hodlers want more people, government, business, etc to adopt Bitcoin because they want the price to go up and make their profit, and to be honest this is what most people wants. And another thing, Bitcoin gives freedom from using your money without the help of banks and other financial institutions but if banks will decide to invest in Bitcoin, there's no problem with it. They cannot control Bitcoin if they will invest huge money on it. What they can do is to make more money by manipulating the market because they can invest huge amount of money on cryptocurrency market if they want to.

[RocketSingh]

...was supposed to free us from them?

HODLer here. We're neither praying to anyone, nor resisting anyone. They come or they don't, honey badger gives a shit.

[clrpod]

There's a difference between banks and institutions being involved in the spread and adoption of something to them being in control of it. Bitcoin will forever be in the control of no-one, it is decentralized. Banks and institutions will be needed for bitcoin to reach a global audience and adoption. If that is right or not is personal opinion but banks and institutions will not have control so stop spouting that around.

[Indamuck]

The earlier crowd was heavily against the banking system and many of them were libertarians.  The newer investors came to the crypto market for easy money and they could care less about government intervention.  The goal was still accomplished even if institutions get involved in crypto because you are still in complete control of your funds.

[Cacingkemi]

Where is the from news?Fully unaffected for us the largest holder is still questionable and its not a bank or institution associated with them,Although it would claim bank to be centrally grounded BTC but was not centralized and that was a very clear reality.

[Lizzylove1]

An old technology shouldn't be a threat to a new innovation, but should rather compliment the new tech. Now, banks and institutional investors should only compliment the growth of this sector by way of greater awareness and more user involvement.

[endlasuresh]

because they wanted their dreams come true, I don't think now their dreams can come true as the BTC price got dropped.

[KingScorpio]

...was supposed to free us from them?

There is the old-skool libertarian Satoshi view of bitcoin, then there is the is new school 'go to the moon', everybody gets rich skool

When BITCOIN was just geeks pre 2012 it was easy to be a libertarian, and nobody really cared about money, cuz most of the geeks had real jobs, and bitcoin was a hobby,

Then by 2014 assholes started noticing bitcoin and jumped in, and by 2016 the assholes started promoting btc to non-geeks, by 2017 btc was promoted to housewives, morons, and village idiots who bought it on credit cards.

So now the assholes want the banks to bail them out? Right?? Well is not this the AmeriKKKan way?

if everybody gets a lambo there will be flying lambos and no one will want the lambos anymore

bitcoin introduced crypto more wasn't necessary it would be insane wasting global electricity for bitcoin

[flying_bit]

...was supposed to free us from them?

It's because people think if they enter bitcoin value will rise again which maybe possible but the very essence of bitcoin maybe possibly gone. I'm saying possibly because what if bringing those banks and institution would also means fast adoption of bitcoin and alts? what if getting them in would mean gaining trust from people that lose faith in btc again? what if having them in crypto ecosystem would mean better foundation for crypto holder and an insight for traditional investor what good crypto can bring to the financial world? just my crazy thought!

[dothebeats]

For personal gains of course. Right now, people aren't interested anymore in being free from the constraints of banks and the governments but are now interested on at least redistributing a small percentage of wealth by means of buying into crypto. I am still against banks and the governments, especially the thought of them tying down your assets into their policies and regulations as if they own it. While banks and governments are flocking into cryptocurrencies little by little, I still think that it will be hard for them to establish the same control as they have on today's current financial system. They can go on and ban bitcoin on their countries, but as long as bitcoin has value, people can and will use it any way and anywhere they like.

[Catt95]

...was supposed to free us from them?

There is the old-skool libertarian Satoshi view of bitcoin, then there is the is new school 'go to the moon', everybody gets rich skool

When BITCOIN was just geeks pre 2012 it was easy to be a libertarian, and nobody really cared about money, cuz most of the geeks had real jobs, and bitcoin was a hobby,

Then by 2014 assholes started noticing bitcoin and jumped in, and by 2016 the assholes started promoting btc to non-geeks, by 2017 btc was promoted to housewives, morons, and village idiots who bought it on credit cards.

So now the assholes want the banks to bail them out? Right?? Well is not this the AmeriKKKan way?

Its like everthing else. People want to get rich in one day and thats why they just see masive gain and sell their houses and buy coins. Now one year of bear market and everyone want their money back with interest  and now it doesn't matter what BTC is or what represents people just want their money. Thats way we have this now . Sadly no technology just "I want my lambo" and nothing else matters

[arielbit]

...was supposed to free us from them?

There is the old-skool libertarian Satoshi view of bitcoin, then there is the is new school 'go to the moon', everybody gets rich skool

When BITCOIN was just geeks pre 2012 it was easy to be a libertarian, and nobody really cared about money, cuz most of the geeks had real jobs, and bitcoin was a hobby,

Then by 2014 assholes started noticing bitcoin and jumped in, and by 2016 the assholes started promoting btc to non-geeks, by 2017 btc was promoted to housewives, morons, and village idiots who bought it on credit cards.

So now the assholes want the banks to bail them out? Right?? Well is not this the AmeriKKKan way?

lesson...be an asshole 

[BitcoinHodler]

i am a "BitcoinHodler" and i am not praying for any of them to enter. in fact i have said numerous times that not only we do not need them to enter the market but also it is going to be bad if they do enter!

you are confusing newbies and their bullshit spam on forums with what bitcoin investors truly think. the thing is the newbies think they could become millionaires with bitcoin overnight. that didn't happen. so now they are begging for anything to make it happen and one of them is institutional investors.