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Author Topic: Do not be too happy  (Read 1022 times)
ilhamsugihamin
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January 25, 2021, 12:35:50 AM
 #81

I think bitcoin is for everyone, whether it is the upper class or the lower class, so I would appreciate it if large companies enter the crypto world and I hope that with their arrival the price of bitcoin will grow.

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Waltmart
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January 25, 2021, 01:03:00 AM
 #82

Do not be too happy that big and giant companies are entering the field…
Because they set the price up and down whenever they want…
You should be happy when ordinary people invest more than big companies.
On the contrary, who are stopping these big companies from entering the field? This is open market and we can't really control who or what entity are going to buy. Besides, ordinary people can invest or used bitcoin as form of money.

In simpler terms, it is much better if bitcoin or anything else that exists is distributed all over the world and reaches individuals and companies equally, or, as the saying goes, does not accumulate together.
Wherever governments or large corporations stand, they are sure to determine everything.
Successful and healthy  Wink
Again, I find your argument flaw in the beginning. From Africa to Asia, anyone can invest, so it is still distributed all over. It's not just US big companies are entering, there are also wealthy people from Mexico to Asia, so there's nothing wrong with the current market situations. And it's good the bitcoin has evolved has well.
I agree with that, especially now that in this generation, people are more prone to using digital and virtual things, even when it comes to payment.
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January 25, 2021, 05:18:06 AM
 #83

Do not be too happy that big and giant companies are entering the field…
Because they set the price up and down whenever they want…
You should be happy when ordinary people invest more than big companies.
In simpler terms, it is much better if bitcoin or anything else that exists is distributed all over the world and reaches individuals and companies equally, or, as the saying goes, does not accumulate together.
Wherever governments or large corporations stand, they are sure to determine everything.
Successful and healthy  Wink
You are right, commercial companies put their money into investing in crypto aimed more at controlling prices, because they are certainly playing with very much money than ordinary people or retail investors. On the plus side, we can feel the increase quickly when they pump bitcoin, but conversely we can also fall very deep when they dump prices.

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amihada
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January 25, 2021, 06:58:51 AM
 #84

Do not be too happy that big and giant companies are entering the field…
Because they set the price up and down whenever they want…
You should be happy when ordinary people invest more than big companies.
In simpler terms, it is much better if bitcoin or anything else that exists is distributed all over the world and reaches individuals and companies equally, or, as the saying goes, does not accumulate together.
Wherever governments or large corporations stand, they are sure to determine everything.
Successful and healthy  Wink
You are right, commercial companies put their money into investing in crypto aimed more at controlling prices, because they are certainly playing with very much money than ordinary people or retail investors. On the plus side, we can feel the increase quickly when they pump bitcoin, but conversely we can also fall very deep when they dump prices.
It is true that they have a lot of capital when they buy bitcoin at a large price, so it is an advantage for those of us who still hold bitcoin, but on the other hand I conclude they can control the digital currency.

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January 25, 2021, 07:10:32 AM
 #85

Do not be too happy that big and giant companies are entering the field…
Because they set the price up and down whenever they want…
You should be happy when ordinary people invest more than big companies.
In simpler terms, it is much better if bitcoin or anything else that exists is distributed all over the world and reaches individuals and companies equally, or, as the saying goes, does not accumulate together.
Wherever governments or large corporations stand, they are sure to determine everything.
Successful and healthy  Wink

Can't agree with this claim. The price of a decentralized asset can't be controlled by a handful of players. There are more than 18 million coins floating around and in order to manipulate the price, these guys need to accumulate at least 30%-40% of the circulating supply. And if they try anything like that, then the prices will end up at six digits (or much beyond that).
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January 25, 2021, 07:18:17 AM
 #86

For years, many bitcoin hodlers have been  hoping that big companies will make use of Bitcon, and that's because it promotes more acceptance and trust for those who are still doubting it. So, I think anyone interested in bitcoin should be happy about that, after all "BITCOIN IS FOR EVERYONE."

Anyone who is specifically concern about price dump should monitor the market closely, sell when they feel it will dump and re-buy when the price is low. Though this is for those who knows what they are doing.
romeojasmin13
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January 25, 2021, 09:16:23 AM
 #87

Institutional investors consider Bitcoin as a speculative asset, unlike ordinary people they don't care about the mass adoption.
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January 25, 2021, 04:54:36 PM
 #88

Do not be too happy that big and giant companies are entering the field…
Because they set the price up and down whenever they want…
You should be happy when ordinary people invest more than big companies.
In simpler terms, it is much better if bitcoin or anything else that exists is distributed all over the world and reaches individuals and companies equally, or, as the saying goes, does not accumulate together.
Wherever governments or large corporations stand, they are sure to determine everything.
Successful and healthy  Wink
It is agreeable that bitcoin and other crypto should stay way as it is right now because just like what you said, there's a possibility that big companies wouldn't be considerate or rational as they set new prices for the coins. It would still be best that the blockchain would work equally all over the world since we've seen detrimental effects of whales already. Even though these big companies might have a hard time controlling the price, it is still feasible as time passes by and as they hold much larger quantity of crypto in the making.
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January 25, 2021, 11:59:56 PM
 #89

For me, it’s a fluctuating bitcoin. No one can take complete control of this bitcoin market. We just need to act quickly on any market changes because it’s still possible to make a profit. Evidently, although the pope can control the market, there are still many of us as small individual investors who make a lot of profit from the situation they play. For large companies, we don’t have to worry, because they only play the flow of their users’ transactions, not players.

/font]
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January 27, 2021, 06:49:07 AM
 #90

sure. their true goal may be monopoly. finally, they will become the biggest beneficiary and very few private player can have bitcoin...I think we should HODL!

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January 27, 2021, 06:52:17 AM
 #91

I don't think the big company have ability to contral the price, bitcoin is not goods and hard to monoploy.
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January 27, 2021, 07:19:07 AM
 #92

I can even feel that Bitcoin has been notified by big companies
Mistafreeze
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January 27, 2021, 07:59:50 AM
 #93

Do not be too happy that big and giant companies are entering the field…
Because they set the price up and down whenever they want…
You should be happy when ordinary people invest more than big companies.
In simpler terms, it is much better if bitcoin or anything else that exists is distributed all over the world and reaches individuals and companies equally, or, as the saying goes, does not accumulate together.
Wherever governments or large corporations stand, they are sure to determine everything.
Successful and healthy  Wink

I agree with you. BTC will become more stable and valuable once retail investors start buying. Institional investors buy and sell later for profit but good thing is it make BTC more popular when institions buy it.
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January 27, 2021, 08:01:37 AM
 #94

Do not be too happy that big and giant companies are entering the field…
Because they set the price up and down whenever they want…
You should be happy when ordinary people invest more than big companies.
In simpler terms, it is much better if bitcoin or anything else that exists is distributed all over the world and reaches individuals and companies equally, or, as the saying goes, does not accumulate together.
Wherever governments or large corporations stand, they are sure to determine everything.
Successful and healthy  Wink
It is only fun at the beginning but after awhile most of us would also realize it that those giant companies are trying to control it.
We might be happy for the price because of the huge pump that we got when they enter but what happens when they decided to leave?
I think most of us would really be scared due to the fact that it would make the price collapse.

adzino
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January 27, 2021, 08:01:42 AM
 #95

Do not be too happy that big and giant companies are entering the field…
Because they set the price up and down whenever they want…
You should be happy when ordinary people invest more than big companies.
In simpler terms, it is much better if bitcoin or anything else that exists is distributed all over the world and reaches individuals and companies equally, or, as the saying goes, does not accumulate together.
Wherever governments or large corporations stand, they are sure to determine everything.
Successful and healthy  Wink
You or anyone can't do anything about that. You can't stop those "giant" companies from entering the market or put any restriction. After all, its a free market. But it is not like "one" single giant company is hoarding all those bitcoins. Hundreds of companies together are doing it. And I am pretty much sure, if we combine the coins of all regular users, we will see that those giant companies actually hold a negligible amount of coins. And, the supply isn't over yet. If those companies wants to own majority of the coins, they will also have to buy all newly minted coins. Would be interesting to see that happen.

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January 27, 2021, 08:11:56 AM
 #96

~
I know what you feel when these big companies and institutions are continuously hoarding Bitcoins.
Unfortunately as an ordinary people, there is nothing we can do about it but to ride the waves. Sell when it is on the top or when it reached your target selling price.

Being decentralized, Bitcoin can be bought by any huge companies if they want to and at the same time sell if they want too. This might be a good news for everyone since they are seeing large institutions coming in into crypto but in the long run this might cause price manipulation towards Bitcoin and the crypto in general.

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January 27, 2021, 08:22:04 AM
 #97

Am still watching the market with large acquisition of bitcoin by institutions. Institutions dont look like those that will sell early but rathers buying more unlike the retails investor, that was when I was worried on any correction in the market if the scarcity is sustained. Without the correction as well the altcoin might struggle and affect the expected trend in the cycle. Since most of their trade are also OTC, exchanges will be able to control sale. Now I appreciate that the institution do not have the sole power to dictate market movement.
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January 27, 2021, 08:24:00 AM
 #98

Yeah, you do have a valid point. This is promoting more and more centralization.
they will work on diminishing decentralization. maybe bitcoin will be all theirs. that's sad. so people with bitcoin, HODL!
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January 27, 2021, 09:09:37 AM
 #99

Do not be too happy that big and giant companies are entering the field…
Because they set the price up and down whenever they want…
You should be happy when ordinary people invest more than big companies.
In simpler terms, it is much better if bitcoin or anything else that exists is distributed all over the world and reaches individuals and companies equally, or, as the saying goes, does not accumulate together.
Wherever governments or large corporations stand, they are sure to determine everything.
Successful and healthy  Wink

That is truly an informative subject. I always thought about that this big companies can only follow what the current trend is but thinking about it right now, its possible for them to set a bar low enough for other people to stop learning about Cryptocurrencies which is not a great thing because we are trying to promote Cryptocurrencies and having them scared of purchasing Cryptos is not a good idea.

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elisabetheva
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January 28, 2021, 07:28:39 AM
 #100

That is truly an informative subject. I always thought about that this big companies can only follow what the current trend is but thinking about it right now, its possible for them to set a bar low enough for other people to stop learning about Cryptocurrencies which is not a great thing because we are trying to promote Cryptocurrencies and having them scared of purchasing Cryptos is not a good idea.
don't overdo what has been said, especially until people are afraid to buy crypto, things that might be said to be impossible. no power whatsoever can control and influence the movement of crypto apart from the big traders who are also only annoying to manipulate prices according to their wishes, but that is also not easy to do and needs to work together with the companies that actually hold it. if at the same time the price may be controlled and occur, but that also does not guarantee that it will move for long. so don't be lulled by irresponsible information, what we need is that trust in crypto is still high.
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