lupinvn (OP)
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Vietnamese Translator - Bounty manager
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May 30, 2019, 11:04:31 AM |
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Hi everyone, according to some of the information I read today, there is an article titled: GRAYSCALE GOBBLING UP 21% OF NEWLY MINED BTC. In this article, there are some very compelling evidence such as According to a Wednesday (May 29, 2019) tweet from Bitcoin analyst Rhythm, Grayscale bought more than 11,000 BTC in April 2019. With 54,000 BTC being mined per month, the largest cryptocurrency asset manager is buying up about 21 percent of the Bitcoin monthly supply. You can read the full article at: https://bitcoinist.com/bitcoin-institutional-grayscale-buying-supply/What I wonder here, is whether or not investors really care about bitcoin, or is this just one of the ways to push Bitcoin prices in the short term?
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masphie
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-= OI =-
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May 30, 2019, 11:37:02 AM |
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regardless of fomo or not, in fact.... i am check in local market, BTC conditions related stabil and or up though slowly. i think local investor (in my country) trying to check conditions about BTC by invested at least hundreds dollars.
And my analitic, BTC will go up although not like 2017.
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-= OI =-
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betty11
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May 30, 2019, 01:05:11 PM |
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Wall street cares about bitcoin so do institutional investors. All these money entering coinmarket per day is coming from individual investors? I know you understand it just can't be individual investors, institutions must be secretly buying bitcoin, whichever way, let's guide ourselves never to loss hold of the fraction or whole that we have. I believe this market gain is going to continue upward.
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CryptoBry
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May 30, 2019, 01:24:37 PM |
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Wall street cares about bitcoin so do institutional investors. All these money entering coinmarket per day is coming from individual investors? I know you understand it just can't be individual investors, institutions must be secretly buying bitcoin, whichever way, let's guide ourselves never to loss hold of the fraction or whole that we have. I believe this market gain is going to continue upward.
Yes, of course, Wall Street cares with anything that can produce them the profits they want. With stocks now not doing fantastic, many fund managers are shifting or at least including cryptocurrency into their portfolio not just because they want to but also because their client base is asking for it. I am sure that soon this inflow of institutional money can be fully felt and can help push bitcoin to new grounds. This is hot money...they come in when things are going rosy and they can get out fast when things are not doing well. In other words, they can help push upwards but when things are getting tough they can dump fast.
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YuginKadoya
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May 30, 2019, 01:32:09 PM |
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If all are related to money and business wall street will be there and regarding stock exchange if they can profit they will be on the move for that and pertaining to wall street are The seven largest Wall Street firms in the 2000s were Bear Stearns, JPMorgan Chase, Citigroup Incorporated, Goldman Sachs, Morgan Stanley, Merrill Lynch, and Lehman Brothers, Until, In 2008, Lehman filed for bankruptcy, So a possibility that Bitcoin will be one of a thing if not common an asset that can never be gone with people that want to invest with.
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XinXan
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May 30, 2019, 01:34:39 PM |
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I doubt this is good news. Them holding a ton of bitcoins isnt necessarily good. Imagine the amount of manipulation they can achieve with such a huge amount of bitcoins.
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Eraldo Coil
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May 30, 2019, 01:50:51 PM |
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They should be just like any other person in this planet. Bitcoin keeps proving that there is something in bitcoin that is really high value. And I think it is not just wall street who is interested in bitcoin, but also corporations. That is why other companies already started accepting bitcoin as payments.
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rdluffy
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May 30, 2019, 01:58:16 PM |
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Yes, for sure, no doubt But you have to consider the only thing that matters is money and how they can take advantage and make more money They not care about technology, decentralization and the ideas behind BTC
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Herbert2020
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May 30, 2019, 01:59:22 PM |
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i can not understand what this has anything to do with Wall Street and their FOMO! Grayscale Investments, LLC is a company that has apparently existed for a very long time (from 2013) and it exists to buy bitcoin since it is a "digital currency investing and cryptocurrency asset management" company. according to their tweet they have $2.1 billion holding in shares as cryptocurrency assets. and they haven't accumulated this overnight. as i said it has been here since 2013!
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip. Whales are those who keep buying the dip.
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avikz
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May 30, 2019, 02:00:02 PM |
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Almost every institutions and investors are interested about bitcoin. However, a lot of them are not dealing with it because of the unstructured market and confusion laws around it. Regardless of what this article says, everyone can sense that the global demand is keep on increasing so as the price, while the supply remains the same! And with the upcoming halving, it is expected to receive more attention from the mass.
Grayscale is just thinking ahead of time with a great vision and also taking action at the same time!
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dothebeats
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May 30, 2019, 02:16:09 PM |
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We may not know it fully but these guys are already heavily invested in bitcoin and the blockchain technology as well. It started with the fqinancial institutions, and who knows maybe some of the big companies are secretly investing so as not to rock the momentum of the market and cause an early FOMO. Those who have invested early are the ones who will reap the benefits fully in time, and it's a smart move to have invested as early as now.
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casperBGD
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Nil Satis Nisi Optimum
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May 30, 2019, 02:38:49 PM |
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wall street is interested in profit, and if BTC or altcoins could bring profit then wall street will be interested, and will regulated crypto currencies in the future, i think that the process of regulation is started and will not go back
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Genemind
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May 30, 2019, 03:05:58 PM |
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For sure every holders and investor would always check Bitcoin prices and they will always care for it since they're risking their money in it. Wall Street cares and so as investors because their profit depends on the prices and the future of the market.
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cryptjh
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May 30, 2019, 03:07:27 PM |
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Wall Street ain't the only once that buying up bitcoins, exchanges also see great demand from their users, a company like Square Cash who see massive growth, will if that growth continues, sell more bitcoins that miners can produce in just a year from now. https://twitter.com/yassineARK/status/1123730622881705986If BTC sales on Square Cash maintain current growth rates, then by the next Bitcoin halving (May 2020), roughly 2 BTC will be purchased on Square Cash for every new BTC that is mined.
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Haunebu
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May 30, 2019, 03:10:10 PM |
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Almost every institutions and investors are interested about bitcoin. However, a lot of them are not dealing with it because of the unstructured market and confusion laws around it. Regardless of what this article says, everyone can sense that the global demand is keep on increasing so as the price, while the supply remains the same! And with the upcoming halving, it is expected to receive more attention from the mass.
I agree. The volatility of this market and the controversies surrounding have basically scared away institutional investors who basically view it as a pump and dump coin at present, but this perception can change. If an ETF proposal gets approved successfully, they might change their minds in this case. Fidelity has already provided them options to trade in this regard. More positive news and higher adoption rates can attract them in hordes.
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Gaff
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May 30, 2019, 03:33:10 PM |
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I doubt this is good news. Them holding a ton of bitcoins isnt necessarily good. Imagine the amount of manipulation they can achieve with such a huge amount of bitcoins.
To analyze the situation is always difficult to say the concrete idea behind, because wall Street consists of more whales. We cannot predict their general plan with bitcoin so far, and as good news came in fake news will have to try pulling down bitcoin again to dumping trend of its price. Actually not the wall street has been interested for it, and most importantly the traders who handled the huge funds over bitcoin cryptocurrency.
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shield132
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May 30, 2019, 04:10:13 PM |
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Don't know whether this news is true or false but let's imagine it is true. I hope price will rise soon, they won't sell bitcoin with hope of more rise and instead of selling, they'll buy again. After that price will fall and be steady low for months. I hope this scenario will happen if everything what's written by OP is true because then they'll learn that it's public, for people and not for commercial shits.
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MakeMoneyBtc
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May 30, 2019, 04:31:45 PM |
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There is a reason why so many many companies have started to accept bitcoin as a payment method and that's because they see it's growing every year and I'm not necessarily referring to the price here but to the number of people and services that use it. Now it seems that even Wall Street has recognized bitcoin as a good investment for the future since they are buying huge amounts.
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Adriano2010
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May 30, 2019, 04:34:47 PM |
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I think there are interested on bitcoin because is a way to get some extra money if they invest on, and earlier the bitcoin price was over 9000$ and now again is 8700$, and if they will buy it then the price will grow more.
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kryptqnick
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May 30, 2019, 04:41:31 PM |
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I think that Wall Street only cares about safe profits, not ideas and projects from which they get the profits. Surely, Bitcoin is clearly doing better now than over the last year, so it must attract some attention of big players. Given the upcoming halving, it's probably right to call it FOMOing. Anyway, I honestly hope that those traders will stay away from Bitcoin. I know they can bring hype and thus profits due to the price going up and everything, but their lack of care about what Bitcoin actually it and can be used for is very risky and not what we need in the long-term perspective.
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