asbalikom123 (OP)
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December 27, 2020, 06:47:27 AM |
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Bitcoin has been rising since 2009 and it had many ath and hype , especially on december 2017 where it reached its bigger ATH , but why did institutions did that now ?
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bL4nkcode
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December 27, 2020, 07:07:57 AM |
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Bitcoin has been rising since 2009 and it had many ath and hype , especially on december 2017 where it reached its bigger ATH , but why did institutions did that now ?
Hype, realization, and money. Bitcoin become so hype these days after lots of business came on board. The realization that banks and finance institutes can't eliminate and what they should do is to follow others stack while it still early. And most above all is because of money.
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Wexnident
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December 27, 2020, 07:13:43 AM |
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I guess it's the difference between the current state, where in 2017 you can see that it's built upon FOMO/FUD, while now, even though there are still those factors, at the very least, it has a bit more stable foundation compared to back then. Not to mention that there's a bit more info about what Bitcoin could do in the future, example is what Paypal is doing, if they continue to follow what they said and implement their Crypto feature globally, then you can expect adoption to skyrocket, increasing the number of people that could and would invest in Bitcoin.
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avikz
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December 27, 2020, 07:27:17 AM |
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Bitcoin has been rising since 2009 and it had many ath and hype , especially on december 2017 where it reached its bigger ATH , but why did institutions did that now ?
What happened back in 2017, was just a hype driven market! That's the reasons why the ATH quickly came down to bottom. In last 3 years, bitcoin market has matured enough to sustain a good return and that's why corporates are involving themselves into this market. Please note, corporate entities don't take investment decisions out of impulsion. Their investment decisions are made out of hard facts and researches. So it is highly unlikely that bitcoin price will come down below 20,000 this time because this time it is not hype, rather the market has flooded with millions of dollars of investment.
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GreatArkansas
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December 27, 2020, 08:07:37 AM |
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What happened back in 2017, was just a hype driven market! That's the reasons why the ATH quickly came down to bottom. In last 3 years, bitcoin market has matured enough to sustain a good return and that's why corporates are involving themselves into this market. (....)
How about some price manipulation of Bitcoin happened before? There are lot of issues beside for this. Just like the tether issue, which is the transparency or some tether that was printed was not 100% backed with USD, and we can also consider the cartel in crypto space, written by @Super_Crypto on twitter, you can check it here.
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ReiMomo
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December 27, 2020, 08:27:10 AM |
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That's it, just because I guess on the hype but not really have investors just pure hype. When after a hype, as we can figure out in the year 2017 after the bull market bitcoin price was drastically downhill.
But now, as you can see, we have different investors from small to large investors which is bitcoin is not a hype but a mass adoption that people realized that bitcoin is like an asset not a form of payment that occasionally uses.
Plus factors are those well-known companies that adopted bitcoin that can bring awareness to people. Grayscale, Paypal, and even in the Porn industry and also the gambling industry which most common now. The outcome is surging bitcoin price into the market capaitalization.
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Jating
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December 27, 2020, 08:53:05 AM Merited by Dave1 (1), error08 (1) |
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Bitcoin has been rising since 2009 and it had many ath and hype , especially on december 2017 where it reached its bigger ATH , but why did institutions did that now ?
The rise and apparent bubble in 2017 was cause by CME and CBoE bitcoin future contract offerings. That time it was a big hit as everyone didn't know what it was so there was a big FOMO. But in 2020 the scenario was different, we might as well attribute it to Covid-19. When we have this pandemic, we lose so much value, up to -65% if I'm not mistaken causing the price to fall to $3k. But as things cleared up, institutions and companies saw bitcoin as an opportunity to hedge their assets and they won't sell even at we peaked or reaches all time high. That's why many saw bitcoin's shifting narrative, yes still speculative asset for majority, specially traders, but now since they are big companies investing on it, bitcoin become a hedge for the companies finances.
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Bitstar_coin
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December 27, 2020, 09:34:24 AM |
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Bitcoin has been rising since 2009 and it had many ath and hype , especially on december 2017 where it reached its bigger ATH , but why did institutions did that now ?
Maybe they understand and realise the importance of btc and blockchain now than before, I kind of think that there is more to institutions investing on btc than just for the profit aspect, I think the tech aspect is more of their concern, maybe soon many institutions will have their services run on blockchain more than the traditional way so the need to acquire more btc is important, well this is just a thought I keep pondering on, why the sudden change of institutions!
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carlisle1
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December 27, 2020, 09:43:25 AM |
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Bitcoin has been rising since 2009 and it had many ath and hype , especially on december 2017 where it reached its bigger ATH , but why did institutions did that now ?
You posted this just today and yet you still live in 2017 ATH? just Today Bitcoin is making Run again ,More than 27,000$ as of this moment and looks like 30,000$ will be reached before this Year end. Institutional investors Finally realized what they are missing in the past ,Look how they are buying even the Price is on Top ? that's Proof that They are not here to Make Money but to use Bitcoin as a Valuable Asset/currency ,Not like Many investors here that always Aiming on how they generate Income and this is not helping the Improvement and progress of crypto.
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Latviand
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December 27, 2020, 12:36:05 PM |
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Bitcoin has been rising since 2009 and it had many ath and hype , especially on december 2017 where it reached its bigger ATH , but why did institutions did that now ?
Hype, realization, and money. Bitcoin become so hype these days after lots of business came on board. The realization that banks and finance institutes can't eliminate and what they should do is to follow others stack while it still early. And most above all is because of money. Bitcoin is really in a hype during the 2nd half of 2020 which started last June. No one expected to see bitcoin reach that price so high, because we are just shocked when bitcoin is having a continuous increasing in price. So big institutions really engaged on bitcoin because of the hype that it is experiencing in the market. Especially that they will invest on bitcoin so much and they will surely collect huge numbers of it.
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Rishabh riyz
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December 27, 2020, 01:11:59 PM |
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Bitcoin has been rising since 2009 and it had many ath and hype , especially on december 2017 where it reached its bigger ATH , but why did institutions did that now ?
compared to the last hype which was just a market created hype this time the value hit all time high with a stable growth it didn't just went up 600% in mere 6 months. by taking this in account institution investors see money and profit in an asset which isn't yet in main stream market .institution see BTC as a young asset after its survival in economic ecosystem . even at this ATH value they still keep buying.
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Mpamaegbu
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December 27, 2020, 01:39:42 PM |
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Bitcoin has been rising since 2009 and it had many ath and hype , especially on december 2017 where it reached its bigger ATH , but why did institutions did that now ?
In my opinion, institutions are investing in it now because of sudden realization that Bitcoin can be a wedge for inflation. I mean, who wouldn't think in that direction for an investment seeing that at a time of a widespread pandemic Bitcoin couldn't be deterred even as various financial instruments crumbled under that weight. Another thing is the fact that it's obvious value in price will definitely rise whether institutions are buying in or not since that's what every post halving brings as scarcity mounts. It's a smart move from the institutions who want to be early birds in order not to miss the train.
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hatshepsut93
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December 27, 2020, 03:36:08 PM |
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Covid-19 and its negative effect on the economy made the US print a lot of dollars, which in turn made institutional investors look for alternative investments that are not correlated with the US dollar and mainstream economy. In 2017 institutional investors were eyeing stocks, as there was no reason for them to look into Bitcoin too much. Also, before 2017 Bitcoin was a little-known investment with a reputation of being a bubble, and its legal status was much less clear than it is now.
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plvbob0070
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December 27, 2020, 03:56:36 PM |
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Maybe these institutions just needed time to realize the value of Bitcoin unlike in 2017 when they still probably have a lot of doubts about it. But with the time that passes, bitcoin gets more support and we have seen more of them investing in bitcoin this year because it already has more recognition compared to the previous hype back then. And it's good since if there are giant companies adopting bitcoin, others will follow so we will get to see more in the coming years.
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pawanjain
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December 27, 2020, 04:13:11 PM |
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Many institutions and corporate companies have invested in bitcoin this year which increased the demand of bitcoin. The technical indicators were strong and after the halvening event many people started investing in bitcoin. Bitcoin surged and crossed the ATH due to the sudden demand which grabbed the attention of many foreign investors. The market is now flooded with money which has created a good spike in bitcoin's price. I believe this was expected but I also believe that a correction is absolutely necessary now and if a correction doesn't happen now then the next dump would create a significant impact on the market.
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tazza42
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December 27, 2020, 06:38:09 PM |
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I suspect there will be currencies in cryptos in the future that each central bank will make, maybe it will be pegged to bitcoin like the dollar was to gold.
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vaultman
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December 27, 2020, 08:14:02 PM |
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Because they finally realized that bitcoin is a serious digital asset with its own ecosystem, and not just another way to send funds to someone or pay for something. I believe that PayPal made a huge contribution to the promotion of bitcoin at the moment when it was announced that it was possible to trade and store bitcoin on its PayPal wallet. At that moment, everyone realized that everything would not stop there and bitcoin would go further to the masses.
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error08
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December 27, 2020, 08:46:42 PM |
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Covid-19 and its negative effect on the economy made the US print a lot of dollars, which in turn made institutional investors look for alternative investments that are not correlated with the US dollar and mainstream economy. In 2017 institutional investors were eyeing stocks, as there was no reason for them to look into Bitcoin too much. Also, before 2017 Bitcoin was a little-known investment with a reputation of being a bubble, and its legal status was much less clear than it is now.
This is one of the considerations that influence their decision since the government printed so much money that causes depreciation when the Pandemic started. Most of the stocks also encountered a decline, many people lost their jobs, things did not work as it should which produced tremendous losses in various sectors, and the result is investors losing their money, so they are looking for a better investment that could multiply their funds in a long term, especially after halving in this year.
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Twentyonepaylots
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December 27, 2020, 09:05:31 PM |
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Primarily due to the fact that they FOMOed too much in the past that they can't let this slip once again. They have been aiming for yet another commodity to triumph over which is bitcoin in this case. And since the bull run of 2017 these private companies are accumulating bitcoins of their own to ensure that they have a place whdn another ATH happens. Because they finally realized that bitcoin is a serious digital asset with its own ecosystem, and not just another way to send funds to someone or pay for something. I believe that PayPal made a huge contribution to the promotion of bitcoin at the moment when it was announced that it was possible to trade and store bitcoin on its PayPal wallet. At that moment, everyone realized that everything would not stop there and bitcoin would go further to the masses.
This is correct. They even thought bad of bitcoin in the past but look at them now, fomoing the hell out of each other because bitcoin reached new heights. They are now finally seeing bitcoin is not just your any other commodity and is a very valuable asset that everyone as much as possibly should have in their portfolios.
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cryptoperkele
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December 27, 2020, 09:51:21 PM |
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Bitcoin has been rising since 2009 and it had many ath and hype , especially on december 2017 where it reached its bigger ATH , but why did institutions did that now ?
Bitcoin space is way more mature now. And probably one of the reason for some companies fomoing in is because bigger investment companies have come "out of the closet" as BTC investors. These purchaces that were made public are raising a lot of confidence in the fundamentals of BTC.
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