[2018-12-05] World’s Largest Financial Institutions are Still Placing Big Bets

[Lmaooo]

World’s Largest Financial Institutions are Still Placing Big Bets on Crypto

Sequoia, Baidu, Nasdaq, and Fidelity are amongst some of the largest VCs, technology conglomerates, and financial institutions to make big bets on crypto in the past week.

Despite the bear market which has led major cryptocurrencies to lose about 80 to 90 percent in value on average, both digital asset-related businesses and blockchain protocols are raising tens of millions of dollars from high profile institutions.
Interest is Still There

On December 4, Nasdaq, the world’s second-largest stock market operator in the world, and Fidelity, the fourth largest asset manager in the global market, invested in a cryptocurrency exchange called ErisX.

The company secured a $27.5 million funding round led by Nasdaq Ventures and Fidelity Investments in less than two months after it raised a funding round from TD Ameritrade, the electronic brokerage giant valued at $30 billion.

CCN | https://www.ccn.com/worlds-largest-financial-institutions-are-still-placing-big-bets-on-crypto/

[Kemarit]

I guess they really wanted to take a slice in the pie that's why they are willing to push their money eventhough the market is still on the bearish trend. And those people behind really knows how to make money, because they wanted to take advantage of the 'blood on the street'. And I'm sure they know that one way or another, they can (exchanges) still make profits out of this bearish trend as Binance is reportedly expecting or may have hit $500 million $1 billion profit this year alone.

[cryptofonia]

There is no loss in current crypto market, there is just an opportunity  https://cryptofonia.pro/news/big-whales-buys-enormous-volume-of-crypto-from-disappointed-retail-investors/

[cr1776]

People tend to buy and sell at exactly the wrong times.  When they sell, they should be buying.  And they buy when they should be selling some.

This is more of a consolidation phase and there are a lot of smart people still investing time and money in crypto.  If you bought anywhere above where Bitcoin's fiat price is now, this is the stupidest time to be selling.

[1Referee]

Financial institutions have been into Bitcoin for years. Fidelity recently said that it minted hundreds of Bitcoins back in 2015. Who knows how much it already owns in Bitcoin through proxies at this point in time. The point is that institutions don't actively present themselves as entities jumping into an asset class.

They silently get things up and running to not shake up the market too much. I'm certain that even in 2020 people here will be speculating about when institutions will finally enter the market, and why they haven't already done so, while in reality they were right here all the time.

The institutions that eventually might come are brave kiddies such as pension funds, they are always the last one to enter.

[Kakmakr]

I still think this whole "dump" is being orchestrated by these big boys and they created this whole "collapse" to encourage people to panic and to sell the coins to them at a much cheaper price. Jamie Dimon were smack talking Bitcoin, but they were secretly buying coins two months after that, when the price dropped. 

I did not fall for this smoke and mirror games during the Dot-com bubble and I will not fall for this now. This is why these bastards are filthy rich, because they know people are like sheep. 

[buwaytress]

So according to some news outlets, we've got Novogratz betting a million bucks on crypto outperforming S&P - not that it'll matter in ten years (his duration of bet). If crypto dies he'll be bankrupt anyway, if it doesn't the mill will be small change for him.

I still think this whole "dump" is being orchestrated by these big boys and they created this whole "collapse" to encourage people to panic and to sell the coins to them at a much cheaper price. Jamie Dimon were smack talking Bitcoin, but they were secretly buying coins two months after that, when the price dropped. 

I did not fall for this smoke and mirror games during the Dot-com bubble and I will not fall for this now. This is why these bastards are filthy rich, because they know people are like sheep. 

I doubt that's really true, but that can only be good news for us tiny fish no? I am rather smarting from the pains of selling the past few months and weeks, Bitcoin value dropping and forcing me to dig deeper into my very modest hoard, but at the same time, I will be earning more coins for work over next few months so I'm hoping the lows continue for a while. It would really kill me for it to recover now and then earn at premium dollar value.

Bitcoin earners must be suffering too as the work itself seems to be drying up. I don't know if others are feeling the same.

[Oilacris]

People tend to buy and sell at exactly the wrong times.  When they sell, they should be buying.  And they buy when they should be selling some.

This is more of a consolidation phase and there are a lot of smart people still investing time and money in crypto.  If you bought anywhere above where Bitcoin's fiat price is now, this is the stupidest time to be selling.

Stupidest thing to be done but you cant blame people on selling out on this very cheap price with this speculative market you cant really blame people
not to panic and with each market we do know that there are really some smart ass people out there who do know on what were doing. Finding and pushing up the right
spot before they enter and they will utilize current market trend and take advantage on it where there still blood on the streets.