|
raskolnikovx
|
 |
January 08, 2021, 01:33:27 AM |
|
Of course it will. As always, it will go up and then correct.
Noone knows how high it's going to go or how hard the correction will be.
Set your exit points, take profit, re-enter at lower prices.
|
|
|
|
|
|
|
|
|
|
|
|
I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
thecodebear
|
Will it be a democratic full sweep? If so will democratic Biden Government go against bitcoin with more regulations? Is Biden cool with bitcoin like Trump was?
ummmm not sure why you think Trump was cool with Bitcoin. Only time Trump ever mentioned Bitcoin he tweeted about it once and said he didn't like it. You've also got Mnuchin trying to ram through regulations against crypto in the finals days before Trump is kicked out. Trump is a nocoiner, an idiot, a criminal, and a terrorist. He didn't do a damn thing to help Bitcoin other than try his hardest to destroy our way of life, which tends to help Bitcoin as an escape from "the system". I doubt anything Biden does will be directed explicitly towards Bitcoin. So far other than Trump saying he doesn't like Bitcoin, a US president (Obama/Trump) has yet to say or do anything directly for or against Bitcoin. |
|
|
|
|
|
very_452001 (OP)
|
|
January 08, 2021, 02:45:05 PM |
|
Will it be a democratic full sweep? If so will democratic Biden Government go against bitcoin with more regulations? Is Biden cool with bitcoin like Trump was?
ummmm not sure why you think Trump was cool with Bitcoin. Only time Trump ever mentioned Bitcoin he tweeted about it once and said he didn't like it. You've also got Mnuchin trying to ram through regulations against crypto in the finals days before Trump is kicked out. Trump is a nocoiner, an idiot, a criminal, and a terrorist. He didn't do a damn thing to help Bitcoin other than try his hardest to destroy our way of life, which tends to help Bitcoin as an escape from "the system". I doubt anything Biden does will be directed explicitly towards Bitcoin. So far other than Trump saying he doesn't like Bitcoin, a US president (Obama/Trump) has yet to say or do anything directly for or against Bitcoin. Okay you think the Biden democrats will be cool with Bitcoin & not be like china that is Ban it with those regular china bans or harder crypto regulations? Everyone saying democrats will increase taxes for companies in stock market bringing in more fear to the stock investors. |
|
|
|
|
|
fullhdpixel
|
|
January 09, 2021, 01:27:27 PM |
|
Will it be a democratic full sweep? If so will democratic Biden Government go against bitcoin with more regulations? Is Biden cool with bitcoin like Trump was?
ummmm not sure why you think Trump was cool with Bitcoin. Only time Trump ever mentioned Bitcoin he tweeted about it once and said he didn't like it. You've also got Mnuchin trying to ram through regulations against crypto in the finals days before Trump is kicked out. Trump is a nocoiner, an idiot, a criminal, and a terrorist. He didn't do a damn thing to help Bitcoin other than try his hardest to destroy our way of life, which tends to help Bitcoin as an escape from "the system". I doubt anything Biden does will be directed explicitly towards Bitcoin. So far other than Trump saying he doesn't like Bitcoin, a US president (Obama/Trump) has yet to say or do anything directly for or against Bitcoin. Biden has people who like crypto in his cabinet let alone anywhere else, I am not even talking about other places, just his cabinet has crypto people. Also we have to be a bit more open with discussion, you can be conservative all you want, and like trump if you want to, but you can't ignore the truth, democrats elect a lot more young people than republicans and democrats have a lot more crypto loving people in congress than republicans. This is not a political thing, it doesn't matter who you voted for, it is about facts and numbers. So in a world where we have democratic congress, democratic senate, democratic vp, president and his cabinet, we are going to have a lot better crypto situation. Trump was not even aware of what bitcoin was, he knew it existed but he knew absolutely nothing about it at all so it wasn't really cool for us. |
|
|
|
|
very_452001 (OP)
|
|
January 09, 2021, 03:36:53 PM |
|
Curious to know approximately when will the American people receive their $2000 stimulus cheques through the mail from the Biden democratic administration?
If this strong btc bull market continues to that stimulus cheques posting date and the retail investors pour their stimulus cheques into btc because of FOMO then will the retail investors overtake the big institutional buyers and hence take bitcoin past $100k much earlier this year than thought?
Or the retail investors can put it into Tesla stock FOMO.
If the stimulus cheques is split evenly for BTC and TSLA then what guesstimate prices are we looking at for these asset classes?
Gold/Silver prices are dumping now because dollar index is up or because gold investors are turning into bitcoin investors?
|
|
|
|
|
7788bitcoin
Legendary
 Offline
Activity: 2282
Merit: 1023
|
|
January 09, 2021, 07:17:30 PM |
|
Institutions are smart people smart money so why they buy at any given market price when they can save and get it cheaper in a correction or a crash? That is not how institutional investors conduct business, they have a target at hand and they will be booking their profit when they seemed fit. The crash happens when they start booking the profit. Everybody saying bitcoin supply is running out but high demand is still there but if thats the case then how bitcoin dropped over 10% today when there's clearly supply for this demand causing it to drop over 10%??? The supply of bitcoin is not running out, it is true that there is a limit on the number of coins but every ten minutes new coins are generated. If supply is trickling little drops like a tap then bitcoin price should increase 5k daily right?
A daily increase of $5k daily  . |
|
|
|
|
|
thecodebear
|
|
January 09, 2021, 08:04:07 PM |
|
Will it be a democratic full sweep? If so will democratic Biden Government go against bitcoin with more regulations? Is Biden cool with bitcoin like Trump was?
ummmm not sure why you think Trump was cool with Bitcoin. Only time Trump ever mentioned Bitcoin he tweeted about it once and said he didn't like it. You've also got Mnuchin trying to ram through regulations against crypto in the finals days before Trump is kicked out. Trump is a nocoiner, an idiot, a criminal, and a terrorist. He didn't do a damn thing to help Bitcoin other than try his hardest to destroy our way of life, which tends to help Bitcoin as an escape from "the system". I doubt anything Biden does will be directed explicitly towards Bitcoin. So far other than Trump saying he doesn't like Bitcoin, a US president (Obama/Trump) has yet to say or do anything directly for or against Bitcoin. Okay you think the Biden democrats will be cool with Bitcoin & not be like china that is Ban it with those regular china bans or harder crypto regulations? Everyone saying democrats will increase taxes for companies in stock market bringing in more fear to the stock investors. Of course Dems aren't like China haha wtf what kind of statement is that? Democrats embrace the future and technology and progress. Republicans hate all those things. Like I said I don't expect the Biden administration to be very for or very against Bitcoin, though since Trump was against Bitcoin and Dems are in favor of progress I expect at least a bit more progress to be made the next four years, especially as Bitcoin is having its coming out party now. And well yeh of course dems will increase taxes for companies haha, Republicans believe in corporate welfare, which bankrupts the nation, Dems will pull this country back to sanity, get the economy heading in the right direction as they are always brought in to do after Republicans destroy it. And companies paying a decent amount in taxes has nothing to do with Bitcoin. |
|
|
|
|
exstasie
Legendary
Offline
Activity: 1806
Merit: 1521
|
|
January 10, 2021, 11:38:22 AM |
|
Curious to know approximately when will the American people receive their $2000 stimulus cheques through the mail from the Biden democratic administration? Jury is out on that. Now that Democrats will control the Senate, it's being speculated that a third stimulus check for either $2,000 or $1,400 will come sometime in the spring. They still need to pass a bill: https://www.cbsnews.com/news/third-stimulus-check-2000-1400-possibility-2021-01-07/People started receiving the second round of checks (for $600) about a week ago. I wouldn't expect it to have a huge effect on Bitcoin, at least not compared to the money flow institutional investors are bringing. With Grayscale currently closed to new placements, demand is piling up for Skybridge: Due to demand the SkyBridge Bitcoin Fund is now accepting daily subscriptions. Thank you for your patience and support. https://twitter.com/Scaramucci/status/1347993132043005952 |
|
|
|
|
very_452001 (OP)
|
|
January 11, 2021, 03:29:13 PM
Last edit: October 24, 2021, 06:26:39 AM by mprep |
|
So are the institutions such as grayscale and co selling their bitcoins now causing the current price dip  If not who was the bitcoins to sell causing this dip?
Hi coming back here, Is Janet Yallen stance on crypto more tougher under Biden administration in compared to Trump's administration? Because lot of FUD is coming from her now and its not a coincidence the FUD times with the Biden Inauguration today. [moderator's note: consecutive posts merged] |
|
|
|
|
qwizzie
Legendary
Offline
Activity: 2548
Merit: 1245
|
|
January 20, 2021, 08:23:23 PM |
|
How many Altcoins does Grayscale Trust support again ? What is to stop institutional investors from simply switching to Altcoins, when they find the price of Bitcoin too high ?
|
Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
|
|
|
|
thecodebear
|
|
January 21, 2021, 12:43:28 AM |
|
Hi coming back here, Is Janet Yallen stance on crypto more tougher under Biden administration in compared to Trump's administration?
Because lot of FUD is coming from her now and its not a coincidence the FUD times with the Biden Inauguration today.
Trump admin didn't really do much with regards to Bitcoin until the past month. And on the one hand you have the one guy in the admin doing a couple good things for crypto, and on the other hand you had Mnuchin trying to ram through restrictive regulation on crypto before Trump and his cronies got kicked out. Yellen, like most government people in general, seems to only know about crypto used for criminal activities. That's not great that she has such an incorrect view, but her interest seems to be simply in regulation as to curb criminal usage, she's not like some anti-crypto zealot. I don't think crypto people should be afraid of regulation as long as it doesn't stop innovation. We'll see how it all plays out though. Other than the IRS going after taxes and the FBI going after criminal use of crypto, the US federal gov't hasn't really done much at all in regards to crypto until the past month with a mix of negative and positive things. More regulation is eventually going to happen, I wouldn't say the new admin will necessarily be better or worse than the last admin, cuz there really isn't a track record to go on in terms of US government actions on crypto up until now. Biden's new SEC Chair though, Gensler, taught a university class on blockchain and so is much more familiar with the tech than what we normally see from top govt officials. He's pro-regulation but also pro-blockchain. Seems like he'll approach regulation in a way to broaden crypto's entry into the world of big finance. Which for people who own Bitcoin that is great as it means the current price boom of the past few months will grow more intense as more avenues are opened to allow institutions and big legacy finance to step into crypto. |
|
|
|
|
|
thecodebear
|
|
January 21, 2021, 12:47:18 AM |
|
How many Altcoins does Grayscale Trust support again ? What is to stop institutional investors from simply switching to Altcoins, when they find the price of Bitcoin too high ?
What stops is that they have no interest in altcoins. Altcoins are extremely risky and could disappear or drop 90% in value and nobody would care. Institutions aren't going to put hundreds of millions of dollars into stuff like that. These aren't people looking to get rich quick by throwing everything they have into some 100 to 1 shots. They're looking for reliable investments that have a high promise of growth. That's Bitcoin, and Ethereum. That is definitely not altcoins. Grayscale offers a few altcoins, and they have almost no money in them compared to their Bitcoin fund, which tells you how much institutions are interested in them. You question is not a worry at all. Institutions will only come into Bitcoin and Ethereum. When they view the price as being too high they'll stop buying and try to wait for a lower price. They won't go into some random shitcoin. |
|
|
|
|
|
judeafante
|
|
January 21, 2021, 03:54:46 AM |
|
Everybody is expecting btc to hit 100k this year because of the so called, from all that institutional and hedge fund buying of it that caused this bull btc cycle, and of course you will get 30% healthy corrections in this cycle along the way but:
What if there was no black swan event this year and bitcoin instead of a correction, crashes back to 20k or 15k because there's no more institutions left to buy it?
Institutions are smart people smart money so why they buy at any given market price when they can save and get it cheaper in a correction or a crash?
If institutions decide to buy when the market crash, they must know if that crash will come or they will wait with uncertainty, institutions have huge funds they continue to buy even small amounts when the market is up and buy even more when the market is down, institutions are not thinking the same way because they are also competing on the price. |
| .
SECONDLIVE | | | │ | | | | | | │ | | | ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ S T A K E L I T T L E W I N B I G ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▄▄███████▄▄▄
▄▄████████████████▄▄
██████████████████████▄
████████▀▀▀██████████████
███████▌ ▀█████████████
████████▀ ▀▀▄▄██▀▀▀██████████
███████ ▀████████
███████▄ ████████
████████▄▄ ▄████████
███████████▄▄▄▄██████████
▀█████████████████████▀
▀████████████████▀▀
██████████████████████ |
|
|
|
|
Ridwan Fauzi
|
|
January 21, 2021, 11:39:21 PM |
|
It can happen for all invetsment place movement, I mean when an investment place increase drastically then it could be accompanied with drastically decreasing price, like now bitcoin is down several thousand dollars in a day and for myself I'm not weird of it, it is common to happen.
More than that, for several times bitcoin price movement haven't met a correction. As you can see the weekly chart, there is no single correection right? And also the daily chart we haven't seen a really correction in the chart. So it's only natural for bitcoin to experience a drastic drop in price, and I guess it's only temporary.
|
|
|
|
|
|
very_452001 (OP)
|
|
January 30, 2021, 02:54:59 PM |
|
There's now seems to be a civil war amongst investors now and that is Retail investors and the big Institutional investors thanks to the Robinhood gme gamestop scandal and wall street bets. The small time retail investors are pissed that brokers/exchanges wont allow them to trade while they allow the big whale institutional investors to continue trade on the stock market. Bitcoin is the currency of the people for the people so isn't it bad for bitcoin to let the big institutions to gobble up all the bitcoins and leave non for the small retail guy I understand bitcoin is a decentralised currency where no one controls it meaning anyone can buy it no matter how rich they are so that means the bitcoin protocol cant be changed to limit the amount of bitcoins a institution can buy so everyone can get a fair exposure to the btc market? Otherwise bitcoins will be mostly institution owned and the small retail guy wont get any  Bitcoin suppose to be the free currency of the people for the people right instead of jacking up the price so only the rich can afford it. |
|
|
|
|
|
fadhilz123
|
|
January 31, 2021, 01:00:36 AM |
|
Bitcoin has its dip price, and we all know the dipping price always increases. And for Bitcoin, we already passed the dip price last year and I think it never touches it again. And don't forget we already pass halving, do you think miner will sell their Bitcoin for cheap with high difficulty to get it? Never.. For 15K or 20K I think this is possible. But for sure if touches it many people will buy it, Based on 2017 and drop about 2 years If supply is trickling little drops like a tap then bitcoin price should increase 5k daily right?
Do you think people only buy?? People also sell it. If only buy maybe this scenario is works |
|
|
|
|
yhiaali3
Legendary
Offline
Activity: 1694
Merit: 1861
#SWGT CERTIK Audited
|
|
January 31, 2021, 02:47:56 AM |
|
Of course, my friend, there are those who are manipulating the market, whether it is large institutions or whales, it is clear, we must swim in the midst of these high waves, I think that what we have to do is just ride the wave, we as individuals can not do much, we have to take advantage of the upward and downward waves We sell with the bullish waves, then buy with the downside, while we enjoy the bitcoin sun.
There are those who do not want the price of Bitcoin to stabilize because they want to profit through these large fluctuations, so I think they do not want the price of Bitcoin to reach $ 100K, although we are making profits through that, but this negatively affects Bitcoin's reputation as an unstable currency.
|
|
|
|
|
Russlenat
|
|
January 31, 2021, 11:08:26 AM |
|
It's not unlikely to happen, and institutional investors are holding bitcoin for long term so I don't think a price dump is a problem since for sure when it dump they will not panic and instead they might still keep buying. We are not realistic if we think bitcoin will not dump anymore, it's been happening in the past and there's no massive adoption yet so anything could happen.
This institutional investors are buying bitcoin as their reserve, not to sell it right away like day traders or a typical holders.
|
|
|
|
|
justdimin
|
|
February 02, 2021, 11:19:10 AM |
|
I believe that wasn't really the case for any possible crash, I believe it was just people taking out profits right now, because everyone made a lot of profit. Think about it this way, you invested 10k into bitcoin, and bought one bitcoin because one bitcoin was 10k at the time, now one bitcoin worths 40k (a week or ten days ago) and you want to just take out the money you put in, what do you do? You sell 10k worth of bitcoin and keep the other 30k in the bitcoin world, basically 0.75 bitcoin if I am not wrong, or something like that.
Now you have invested nothing, if bitcoin becomes 2k you are 2k in profit, so you are fine no matter what happens to bitcoin. There were tons of people who did things like this, it could be with 0.1 bitcoin or could be with 100 bitcoins, but they took out their investment and kept their profits in and that could be the biggest reason why it went down.
|
|
|
|
|
|
|
