deisik
Legendary
Offline
Activity: 3542
Merit: 1280
English ⬄ Russian Translation Services
|
|
February 04, 2019, 06:04:16 PM |
|
Could you explain how they will be "deemed near worthless in an instant"?
The thieves could and most certainly would use mixing services, so if these coins will be deemed worthless, it will be similar to an epidemic (like it happens in zombie movies) with the whole Bitcoin blockchain instantly rendered useless and worthless. In practice, though, it would likely mean backrolling it. That would obviously undermine the value of Bitcoin on its own, and that's why we need to make some transactions reversible (at least for some time until confirmed by the payee) as then we wouldn't need to roll back the whole blockchain
It's not as easy as it was years ago to mix coins and get away with it. I'm pretty certain that there will be enough regulatory pressure behind it to have every entity (e.g. exchanges, payment gateways, wallets, etc) accepting these coins be held responsible one way or another, unless they immediately freeze and report the coins and the accounts connected to them. Mixing looks like a very interesting option in this case, but what mixer will openly accept these coins knowing that they are being given out to people like you and me? It would certainly be reason enough for people to stop using mixers, and all sorts of agencies to dig in a little deeper. It could very well be one of the reasons Bitmixer ended up throwing in the towel. With less and less places to spend/utilize these coins, there really isn't all that much value left. So some coins are kinda born more equal (unequal) than others? I guess this is not what the main idea of cryptocurrency is about, in this case, about the fungibility of all coins (i.e. any coin being equal to and indistinguishable from any other such coin). Basically, what you say amounts to turning Bitcoin into yet another fiat, a heavily regulated one, where certain monies (e.g. banknotes with a certain series) can be declared illegal and susceptible to confiscation by financial authorities (probably on completely arbitrary grounds) And yes, I remember that story behind Bitmixer shutting down its operation (not a good one)
|
|
|
|
sheenshane
Legendary
Offline
Activity: 2506
Merit: 1232
|
|
February 04, 2019, 06:05:57 PM |
|
Yes, there's a bunch of institutions out there who secretly held Bitcoin, even the CEO of the Twitter social media's admit that Bitcoin must be the currency of the internet. Before he said that words my guess is, he has already held Bitcoin. Even government institutions for sure they have also held Bitcoin but since they have worked on government side they are not showing this to the public. maybe, because we don't know for sure whether an institution has bitcoin on their online wallet? it cannot be traced with certainty. especially for countries that have not made regulations and oversight of the ownership and use of bitcoin in their countries.
Hiding identity now is reliable for those people who want to remain of being anonymous of Bitcoin holders, so it is possible the will happen.
|
|
|
|
DisturbedRTX
Newbie
Offline
Activity: 34
Merit: 0
|
|
February 04, 2019, 08:00:10 PM |
|
Naturally, all large companies have their reserves in cryptocurrency, because they understand that cryptocurrency is the future and you need to start working with them now.
|
|
|
|
eaLiTy
|
|
February 04, 2019, 08:04:00 PM Last edit: February 04, 2019, 08:22:36 PM by eaLiTy |
|
have you ever asked if some companies are seriously investing in Cryptos and still not talking about it? Even if some companies invest in bitcoin there is no way you would know unless they reveal about it. We all know that JP Morgan is negative about bitcoin in the media but they investor company has invested in bitcoin before the rally. So it is difficult to know unless there is information like that coming out. There might be investor funds pouring into bitcoin before the rally and it might be the reason it touched 20k.
|
|
|
|
Dreamchaser21
|
|
February 04, 2019, 11:21:03 PM |
|
Naturally, all large companies have their reserves in cryptocurrency, because they understand that cryptocurrency is the future and you need to start working with them now.
Its possible since they have the money to invest on this market and they cannot afford to be left out so they will invest just in case this market pumps higher. Big institutions have their own research and development department so for sure they are working well on this one.
|
|
|
|
lutfi-hasan
Member
Offline
Activity: 336
Merit: 10
|
|
February 04, 2019, 11:23:00 PM |
|
Naturally, all large companies have their reserves in cryptocurrency, because they understand that cryptocurrency is the future and you need to start working with them now.
Exactly, they prohibit the use of cryptocurrency in my country, but actually they hold a large amount of Bitcoin, because they know that Crypto is a valuable asset that must be had in this century.
|
|
|
|
Moshaid
Copper Member
Jr. Member
Offline
Activity: 546
Merit: 1
|
|
February 04, 2019, 11:59:16 PM |
|
Right of course, some large institutions are really holding and buying bitcoin even with this current market status. And with this one can be rest assured that bitcoin is absolutely going places soon.
|
|
|
|
BennyK
|
|
February 05, 2019, 01:45:05 AM |
|
I would not be surprised if an institution or governmental body comes out and declare its possession of Bitcoin. All these institutions and governmental bodies are aware of the profit Bitcoin investment can yield and due to the anonymous nature of the crypto space, anyone can buy and hodl BTC without being noticed their true identity.
|
|
|
|
indrakusumaindra
Full Member
Offline
Activity: 728
Merit: 101
The Standard Protocol - Solving Inflation
|
|
February 05, 2019, 01:55:49 AM |
|
well i do believe there is institutions that secretly hold bitcoin, i do think nasdaq is a great company and they are able to provide a good market surveliance which will make market better and safer. For bitcoin future, no one knows for sure but i do think the technology behind bitcoin (blockchain) will be widely use someday.
|
|
|
|
Menawi12
Member
Offline
Activity: 700
Merit: 10
|
|
February 05, 2019, 03:39:28 AM |
|
Institutional investments mean money. LOTS of money. The entire market cap of Bitcoin is like 8 billion less than what Bezos' Ex-wife just walked away with.... Institutional investing means blue-collar, or white collars out of the loop are much more likely to get in at the whim of their portfolio manager... Do you think this is bad? (not taking a stance, just starting a dialogue) Its good if investment institution take a part in cryptocurrency market. More finance company invest in crypto market its means more trust in market.
|
|
|
|
realcrypto
Member
Offline
Activity: 476
Merit: 12
|
|
February 05, 2019, 09:06:43 AM |
|
For exchange to provide such option it means there are possibilities that institutions are investing or may invest in future. Every technologically based institution will naturally be attracted to bitcoin.
|
|
|
|
South Park
|
|
February 05, 2019, 05:56:10 PM |
|
There are some investors out there probably getting bitcoin as we speak but they probably prefer to not bring attention to themselves and will only do it once it is clear the next bull market is already underway, I say this because if I were them I would not like my involvement in cryptocurrencies be known since that could alert some other big investors this is a good opportunity and that could make the demand to go up and raise the price I need to pay for each bitcoin.
|
|
|
|
V-D-S
Copper Member
Jr. Member
Offline
Activity: 65
Merit: 3
|
|
February 18, 2019, 09:55:21 AM |
|
Institutional investments mean money. LOTS of money. The entire market cap of Bitcoin is like 8 billion less than what Bezos' Ex-wife just walked away with.... Institutional investing means blue-collar, or white collars out of the loop are much more likely to get in at the whim of their portfolio manager... Do you think this is bad? (not taking a stance, just starting a dialogue) Its good if investment institution take a part in cryptocurrency market. More finance company invest in crypto market its means more trust in market. Additionally: blockchain ICOs are sucking because they are basically like garage start-ups hahaha . It's good for the talented, but it means many teams don't really have what it takes to scale the projects like they should be done. Institutional investment can help change this. The long-run money takes long run planning- and that takes a toll on the check book.
|
|
|
|
aoluain
Legendary
Offline
Activity: 2450
Merit: 1382
|
|
February 18, 2019, 10:05:04 AM |
|
I would definitely think that there are institutions out there who hold crypto. I would go so far as to say that there are institutions who are publicly against crypto but secretly hold them.
The potential for big gains is irresistible for a very low value input in todays market.
I believe though as the "stigma" attached to crypto by certain people gets less we will see more and more people willing to freely invest into the area, and that stigma is getting less and less as adoption rises.
|
|
|
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
| | | | | | .
| | | ▄▄████▄▄ ▀█▀▄▀▀▄▀█▀ ▄▄░░▄█░██░█▄░░▄▄ ▄▄█░▄▀█░▀█▄▄█▀░█▀▄░█▄▄ ▀▄█░███▄█▄▄█▄███░█▄▀ ▀▀█░░░▄▄▄▄░░░█▀▀ █░░██████░░█ █░░░░▀▀░░░░█ █▀▄▀▄▀▄▀▄▀▄█ ▄░█████▀▀█████░▄ ▄███████░██░███████▄ ▀▀██████▄▄██████▀▀ ▀▀████████▀▀ | . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀ ███▀▄▀█████████████████▀▄▀ █████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀ ███████▀▄▀██████░█▄▄▄▄▄▄▄▄ █████████▀▄▄░███▄▄▄▄▄▄░▄▀ ████████████░███████▀▄▀ ████████████░██▀▄▄▄▄▀ ████████████░▀▄▀ ████████████▄▀ ███████████▀ | ▄▄███████▄▄ ▄████▀▀▀▀▀▀▀████▄ ▄███▀▄▄███████▄▄▀███▄ ▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄ ▄██▀▄███░░░▀████░███▄▀██▄ ███░████░░░░░▀██░████░███ ███░████░█▄░░░░▀░████░███ ███░████░███▄░░░░████░███ ▀██▄▀███░█████▄░░███▀▄██▀ ▀██▄▀█▄▄▄██████▄██▀▄██▀ ▀███▄▀▀███████▀▀▄███▀ ▀████▄▄▄▄▄▄▄████▀ ▀▀███████▀▀ | | OFFICIAL PARTNERSHIP SOUTHAMPTON FC FAZE CLAN SSC NAPOLI |
|
|
|
PlusOne88
Member
Offline
Activity: 420
Merit: 10
“Tackling Climate Change Using Blockchain”
|
|
February 18, 2019, 02:14:51 PM Merited by JayJuanGee (1) |
|
May they are, it is quite possible. But more often than an institution would be individuals who have higher ranks within that institution could have keep bitcoin for themselves. On some post here in this site, if it was true some did really have even some problems that have mentally affected them causing so much depression due to getting hooked up so much about bitcoin and especially those times when they would almost seem to have been so attached with bitcoin investments. I for one have so much interest on it when I heard about it. I did not plan to get rich but the thing about trading coins makes me feel happy. Especially when I first entered cryptocurrency and experimented about it. It was fun and I wouldn't even wonder if others would have so much love on bitcoin.
|
|
|
|
marcelocoin
|
|
February 18, 2019, 02:34:07 PM |
|
certainly, there are many companies that hold gold, silver and assets, and bitcoin is digital gold, this is great for small investors, the more they hold more demand and shortage
|
|
|
|
breathlessz
Member
Offline
Activity: 770
Merit: 12
Trphy.io
|
|
February 18, 2019, 02:58:06 PM |
|
certainly, there are many companies that hold gold, silver and assets, and bitcoin is digital gold, this is great for small investors, the more they hold more demand and shortage
right, big companies certainly hold a large amount too. when holding, or buying means it doesn't have a bad effect on the price of bitcoin, as long as they don't release it simultaneously, because that's not what we expect
|
|
|
|
BitHodler
Legendary
Offline
Activity: 1526
Merit: 1179
|
|
February 18, 2019, 10:35:34 PM |
|
Yes, I guess we all know that bitcoin is a decentralized coin which we cannot know the people or who are the people behind or buying it.
It's somewhat useful to follow the main chain coin movements and the days most of it is being transferred. By far, most of the value transfers occur from Monday to Friday, which could and likely does indicate professional presence. The thing here is that people think of institutions as being banks, large corporations, billion dollar hedge funds, pension funds, etc. Institutions can be smaller entities too, and even the crypto funds that got rekt last year are technically institutions. Security nowadays is more of a thing than ever before, and we see how large entities owning a lot of coins on behalf of their users no longer store their coins in one or two addresses, but hundreds of different ones. The more addresses you use, the more difficult it is to figure out who the coins belong to. People not that long ago were speculating about an 800k BTC whale, but it turned out to be Coinbase. People didn't know it was Coinbase till Coinbase itself said so, which shows how important it is that you use many different addresses instead of just a few.
|
BSV is not the real Bcash. Bcash is the real Bcash.
|
|
|
yonjitsu
Full Member
Offline
Activity: 476
Merit: 100
www.daxico.com
|
|
February 18, 2019, 11:53:01 PM |
|
YES i believe because if ordinary people can able to hodl and believe in cryptocurrencies most especially in bitcoin, then why can't Institutions do as well when they have the money to buy and invest bigger volume of bitcoin? So therefore i believe that institutions are secretly HODLing bitcoin and other cryptos as well.
|
|
|
|
ecnalubma
Sr. Member
Offline
Activity: 1540
Merit: 420
www.Artemis.co
|
|
February 18, 2019, 11:55:01 PM |
|
I believe it too that institutional investors are hodling bunch of Bitcoin and other crypto, this long bear market is the perfect season for them to stack as much as they want. They are typically not the kind of people looking for a quick buck since they have all the patient and time in the space, surely they won't miss this once in a lifetime opportunity too.
|
|
|
|
|