The Mainstreaming of Bitcoin and Crypto Continues

[Qcrypto]

Big firms and companies investing in Bitcoin. Tesla, Micro Strategy and Twitter are just to name a few, pushing for global adoption.
Is this a sign for a long term investment or just pump and dump for them?


Source

[Rruchi man]

Big firms and companies investing in Bitcoin. Tesla, Micro Strategy and Twitter are just to name a few, pushing for global adoption.
Is this a sign for a long term investment or just pump and dump for them?

It is difficult to consider the influx of companies to btc as a "pump and dump scheme". Every visionary knows that the world is constantly evolving and changing, and since the start of the digital world (internet) that sooner or later, a new digital currency was bound to surface.

The btc train is a moving train, and most companies and individuals with enough resources are looking to join in and catch the gains, before the price value becomes stable. So i will say to the best of my understanding that to them, "Btc is considered a long term investment".

[Lorence.xD]

It is difficult to consider the influx of companies to btc as a "pump and dump scheme". Every visionary knows that the world is constantly evolving and changing, and since the start of the digital world (internet) that sooner or later, a new digital currency was bound to surface.

The btc train is a moving train, and most companies and individuals with enough resources are looking to join in and catch the gains, before the price value becomes stable. So i will say to the best of my understanding that to them, "Btc is considered a long term investment".

I would consider it a pump and dump scheme but in this case it is a legal and subtle. Pump and dump is prevalent in stock market so why is bitcoin and crypto market exempted to that fact. Grayscale has been around the market for a long time and I think that they are doing that scheme to make money because they are an investment company. Bitcoin might be a long term investment but if you know how the market works and you have the money to make it move at wherever you want then you can earn while aiming for long term investment.

[cabron]

You cant be sure if there won't be a crash soon. When they say history repeats itself, it doesn't mean only the bull run will repeat itself but also the long bearish market. Despite Bitcoin going mainstream and the institutions buying BTC the market will saturate and everyone will cash out their money for the next cycle.  But I can agree BTC is a long-term investment, the early investors has no fear of whatever the market will do.

[maydna]

Big firms and companies investing in Bitcoin. Tesla, Micro Strategy and Twitter are just to name a few, pushing for global adoption.
Is this a sign for a long term investment or just pump and dump for them?
Source

I will say that it is both for long-term investment and pump and dump because we still see bitcoin price will move from up to down many times, even if we don't know why the price moves. You don't have to worry about the pump and dump that will happen to the market and only hold your bitcoin while you can buy more bitcoin. The up and down of the bitcoin price will be good for us because we can try to buy low and sell high, which can help us get more profit. Bitcoin now becomes mainstream among the people out there, so they see bitcoin used for a long-term investment. So they will not worry about the bear market because after the bear market comes, the bull market will come again, and the history will repeat.

[tinopener]

Bigger news for me is the new Canadian Bitcoin ETFs that started trading last week and have already taken $500m from *retail* investors.

The next big step for Bitcoin is when a US Bitcoin ETF gets approved.

We really are now in a situation of a gang of guys in a bar randomly talking about Bitcoin on a Friday night and buying their first $100 of it within seconds on their cellphone for the hell of it, like they would do Amazon shares for example.

(well maybe not when the stock market is closed, but you get my point   )

[Kelvinid]

This is just a way to go for a huge market adoption but we can't ignore the volatility of the market where dump and pump are visible. More big companies are soon to follow and embrace cryptocurrency which could help the market to keep longer and probably considered as a long-term investment for many.

That, if we saw the price of Bitcoin at $50k this year, it gonna be double possibly in the next 10 years or even 5 years. If that you are thinking such a thing to happen, you should have to take this opportunity now.

[777Jolami]

Big firms and companies investing in Bitcoin. Tesla, Micro Strategy and Twitter are just to name a few, pushing for global adoption.
Is this a sign for a long term investment or just pump and dump for them?


Source

Clearly their move at the foresight, McroStrategy still manages to incubate bitcoin for the future, Elon, Tesla ... Those are just a few prominent organizations, millions of organizations, individuals selling  other odd.  They see an independent ecosystem that is potentially inflation free and lagging behind. It’s bitcoin.  The crypto market itself is risky but that ratio has improved a lot over time.  
The dependence between bitcoin and crypto is a powerful bond.  I think this will cycle the most prosperity that we will see in the future.

[Jating]

Big firms and companies investing in Bitcoin. Tesla, Micro Strategy and Twitter are just to name a few, pushing for global adoption.
Is this a sign for a long term investment or just pump and dump for them?

For these big companies, bitcoin is now becoming a reserve assets for them, so it's a long term investment. But for average joe like us, sometimes it's really hard to have that hold mentality, and so we will see some occasional sell-offs.

As far as I'm concern, pump and dump are applicable to altcoin market only. But for bitcoin, it's different though, yes the rise won't be parabolic and we will see some crashes along the way, but it doesn't mean that it is being dump, just some corrections and we have seen this pattern many times already

[orions.belt19]

Bitcoin and crypto is hardly mainstream even with these institutional investors flocking. Microstrategy already accumulate a large sum of bitcoin last year so they are no stranger to the crypto world already. In fact they have the most amount of bitcoins, even more than what Tesla has accumulated. I'm more interested on which other industries will be coming in, more specifically those who are more conservative. Square Inc. bought about $170M BTC just recently as well. Companies like these most probably buy BTC for the long term knowing the potential behind it and not for a pump and dump. They are trying to get ahead of the game before bitcoin is utilized in the mainstream. IF they were to do it for a pump and dump, they wouldn't have announced it to the public like that. Now that they own BTC, all eyes are on them. There may not be any written down legal implications but the last thing they'll need is the SEC on their tail if they perform a pump and dump.

[NathanielParker]

Big firms and companies investing in Bitcoin. Tesla, Micro Strategy and Twitter are just to name a few, pushing for global adoption.
Is this a sign for a long term investment or just pump and dump for them?

It is difficult to consider the influx of companies to btc as a "pump and dump scheme". Every visionary knows that the world is constantly evolving and changing, and since the start of the digital world (internet) that sooner or later, a new digital currency was bound to surface.

The btc train is a moving train, and most companies and individuals with enough resources are looking to join in and catch the gains, before the price value becomes stable. So i will say to the best of my understanding that to them, "Btc is considered a long term investment".

that's true. apart from these famous companies, even many countries spare no efforts to obtain bitcoin or invest in it. if you know about this crpto world, you'll know bitcoin is a smash hit in value and its bull market is still there.

[Jazmin Leslie]

It is difficult to consider the influx of companies to btc as a "pump and dump scheme". Every visionary knows that the world is constantly evolving and changing, and since the start of the digital world (internet) that sooner or later, a new digital currency was bound to surface.

The btc train is a moving train, and most companies and individuals with enough resources are looking to join in and catch the gains, before the price value becomes stable. So i will say to the best of my understanding that to them, "Btc is considered a long term investment".

I would consider it a pump and dump scheme but in this case it is a legal and subtle. Pump and dump is prevalent in stock market so why is bitcoin and crypto market exempted to that fact. Grayscale has been around the market for a long time and I think that they are doing that scheme to make money because they are an investment company. Bitcoin might be a long term investment but if you know how the market works and you have the money to make it move at wherever you want then you can earn while aiming for long term investment.

it can be a pump plan. these companies buy bitoin and then hordes of people follow them in bitcoin purchasing, then bitcoin price goes up. one year ago, I bought bitcoin in the wake of a company, then the price plunge then I sold it and lost money in dump. make judgement by your own knowledge(so you must learn to accumulate knowledge), not be driven by others

[usernameyaya]

You cant be sure if there won't be a crash soon. When they say history repeats itself, it doesn't mean only the bull run will repeat itself but also the long bearish market. Despite Bitcoin going mainstream and the institutions buying BTC the market will saturate and everyone will cash out their money for the next cycle.  But I can agree BTC is a long-term investment, the early investors has no fear of whatever the market will do.

I'm a bitcoin believer. the bull market is continuing and more and more people will know, accept and believe in bitcoin and many other promising altcoins. There's nothing to worry about at all. the U.S. is printing more and more money, crypto coins is the only way to maintain the value of your wealth. bitcoin, the leader of crypto world, will surely prosper for a long time, which will last until this generation's death in view that bitcoin is still in its youth.

[Lorence.xD]

~

it can be a pump plan. these companies buy bitoin and then hordes of people follow them in bitcoin purchasing, then bitcoin price goes up. one year ago, I bought bitcoin in the wake of a company, then the price plunge then I sold it and lost money in dump. make judgement by your own knowledge(so you must learn to accumulate knowledge), not be driven by others

That is why I said it is subtle and legal type of pump and dump scheme. The problem with what you did is you followed what the public does, if a panic in the market is happening, you have to do the opposite, if everyone is selling, it means that the prices are going down and you can use that opportunity to buy more bitcoin at a lower price and if the other happens where many are buying, you sell yours because you will get a big profit.

[GreatArkansas]

Long-term indeed, imagine Bitcoin is now suitable to store billion of a company's balance sheet? So, what are the reasons for those company for putting Bitcoin on their balance sheet, especially Tesla, CEO is the world richest man in the world? Those billions are not joke for them, a lot of people will get affected if those can easily be lost.

[Slow death]

It is good to see that many large companies are buying bitcoin, but the old problem of this market continues to haunt and destroy the image of this cryptocurrency market. the old problem I'm talking about Is Pump and Dump.

for example:

when posted news about tesla the bitcoin price was less than $40,000 and  tesla had already bought bitcoin and days or weeks so why did the price increase to $48,000? it was the old pump and dump scheme that took advantage of the news of tesla, then there was another news that I no longer remember that also brought the price up to $58000

[tabas]

That question was like asked more than 5 years ago and many have already answered that even without those huge companies that have invested to bitcoin recently.

Is this a sign for a long term investment or just pump and dump for them?

You don't mind them, put yourself in a long term investment on bitcoin. But if you want to go along with them, they will really sell some and buy some most of the time.

[Yamifoud]

Long-term indeed, imagine Bitcoin is now suitable to store billion of a company's balance sheet? So, what are the reasons for those company for putting Bitcoin on their balance sheet, especially Tesla, CEO is the world richest man in the world? Those billions are not joke for them, a lot of people will get affected if those can easily be lost.

They are not taking the risk if they are not sure what will possibly happen in the future. Elon Musk is so optimistic, a positive person will likely see the massive growth of crypto users, and this what they are preparing for.
But now, the challenge is how these small investors and average people could buy Bitcoin when the price is expensive? And much more if the price will be doubled $100k, I keep fiat instead.

[GreatArkansas]

(.....)

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But now, the challenge is how these small investors and average people could buy Bitcoin when the price is expensive? And much more if the price will be doubled $100k, I keep fiat instead.

Would you rather buy dollars than Bitcoin?
There are a lot of methods how small investors or average people on how to buy Bitcoin even how it is already expensive, just like DCA (Dollar-cost averaging), buying the dips.

And if you are thinking for the long term, the $100k price of Bitcoin for me is extremely cheap. If Tesla able to buy $1.5b worth of Bitcoin at around the price of $30k, why us, small investors, or average people can't buy even a few bucks of Bitcoin?

[Shasha80]

It is true that many companies investing in Bitcoin make Bitcoin's popularity increase. And this makes many people start investing in Bitcoin,
no wonder the increase in the price of Bitcoin is also getting faster. Then regarding companies that decide to invest in Bitcoin, I think they are
doing this for long-term investment. Because if they intend to do a pump and dump there will be a crash in the Bitcoin market, but until now
the Bitcoin price has only experienced small corrections. This proves that companies investing in Bitcoin for long-term investments.