Institutional buyers are not backing down. More Pump?

[Pokapoka124]

Institutional investors are getting more interested in bitcoin. This move by MicroStrategy is a big step. Will other companies follow this path? How would employees react to this? Since btc is volatile and can dump at any minute. I can understand if they are excited about it now as Bitcoin is bullish but what happens when there is a massive dip? Love your hear thoughts on this none

[reelstuff]

It is interesting, although it covers a narrow and very specific group,  (Non Employee Directors) It could apply to a number of situations, some contractors or consultants might fall into that category.   But normally those that do fit that designation would likely be financially independent in the first place.   So, it will not likely be as important to those high earners who get paid this way.   

[hd49728]

Follow the institutional investments and their public records on https://bitcointreasuries.org/

If you are lazy to follow it, you can watch that topic and get updates by the topic author: Bitcoin Treasuries. @fillippone has big interest in economics and institutional investments. He keeps his topics updated very regularly.

[fillippone]

Follow the institutional investments and their public records on https://bitcointreasuries.org/

If you are lazy to follow it, you can watch that topic and get updates by the topic author: Bitcoin Treasuries. @fillippone has big interest in economics and institutional investments. He keeps his topics updated very regularly.

Indeed I have an interest on bitcoin adoption by institutional investors. I have a slight contrarian view this is not against what Satoshi envisioned for Bitcoin.
Anyway I have a few threads on that topic I try to keep as updated as possible.

MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
Everything you wanted to know about Grayscale BTC Trust but were afraid to ask!
ETC Group to launch bitcoin ETP on Deutsche Boerse
Tesla Bought 1.5 B in Bitcoins

And many others...

[TheUltraElite]

Both side movements can occur. Now the retail section of buyers are not going to be able to sustain a dump in case the institutional section starts dumping. Even then you have to remind yourself that these institutions are out there for money and so they will be diligent when selling because this is not the first time that they are hedging something for profit.

What I mean is that if they sell they would not tell everyone when they will sell. So even if they post a article like the one above, they may or may not dump and even if they do, you will be the last person to know it.

Point is that the currency price of ~60k+ USD did not see the growth that it needed to see. Meaning that the support levels may be weak at 55k USD and 50k USD. Be cautious when the market starts dropping and dont buy immediately.

In any case, news like these will make the market move but unless a big selloff starts significant movements will not occur.

[slaman29]

They have seen now a few dumps that could not be sustained, and a very steady climb to make new ATHs for the past 4/5 months. I doubt they would be backing down now. I think at the very least we see a few more months of new ATHs, if not all the way until December.

That anyway is what insitutionals and funds are expecting. Follow the smart money, right guys? Or just hodl and eat popcorn this whole year:)

[tbterryboy]

Institutional investors are getting more interested in bitcoin. This move by MicroStrategy is a big step. Will other companies follow this path? How would employees react to this? Since btc is volatile and can dump at any minute. I can understand if they are excited about it now as Bitcoin is bullish but what happens when there is a massive dip? Love your hear thoughts on this none

Paying people in Bitcoin shouldn’t be a problem even if there is a dip in price, they will still continue getting paid the same amount as long as it’s in USD that the payments are being calculated, it’s not like they are being paid a particular amount of BTC that wouldn’t change when the value dips. So whether the price of bitcoin dips or levels up, they are still going to be paid the same worth in USD, so I don’t see anything that’s a problem with it.

And as for the price of bitcoin I don’t see it going down anytime soon, lots of people are still showing their interest and big companies are showing interest as well, and they want to be investing and lots of people are ready to hold for a long term.

[STT]

GBTC has a negative discount to it which in theory means its cheaper to buy into but also might signal lower demand from that quarter.  Not exactly your question but at some point people who have no interest in holding BTC just close their trade, its a normal process and I dont see why one part of the market wouldn't do that also sometimes.

 A discount also promotes arbitrage possible, so buy gbtc but sell other markets, not sure that has an effect or not but possibly as gbtc has slack so not a need to buy in markets;  cant say I know for sure.

[Assface16678]

Follow the institutional investments and their public records on https://bitcointreasuries.org/

If you are lazy to follow it, you can watch that topic and get updates by the topic author: Bitcoin Treasuries. @fillippone has big interest in economics and institutional investments. He keeps his topics updated very regularly.

Thanks for this tidbit of information, I would check out both since I am waiting for another big pump in bitcoin prices. The only problem that I have with @fillippone is thaat sometimes the quantity of his/her post is overwhelming but it might just be me, I might be too lazy to read but I will give it a try.

[leea-1334]

GBTC has a negative discount to it which in theory means its cheaper to buy into but also might signal lower demand from that quarter.  Not exactly your question but at some point people who have no interest in holding BTC just close their trade, its a normal process and I dont see why one part of the market wouldn't do that also sometimes.

 A discount also promotes arbitrage possible, so buy gbtc but sell other markets, not sure that has an effect or not but possibly as gbtc has slack so not a need to buy in markets;  cant say I know for sure.

I think this is the other thing quite a lot of people forget to mention,,, or even consider,,, that all the interest on these futures and derivatives and what not is just pure speculator interest. People see Bitcoin as a hot bubble and move on to others as soon as it starts to dump or lose appeal to them.

I really do not know how this arbitrage works in this case either.

[fillippone]

Thanks for this tidbit of information, I would check out both since I am waiting for another big pump in bitcoin prices. The only problem that I have with @fillippone is thaat sometimes the quantity of his/her post is overwhelming but it might just be me, I might be too lazy to read but I will give it a try.

Well, if it takes longer for you to read, you can imagine how longer it takes me to write them!
But, don't worry. I try to post only the best content for you, and also try to select topics that stay relevant for a few days. So don't rush to my threads!

[Jating]

Follow the institutional investments and their public records on https://bitcointreasuries.org/

If you are lazy to follow it, you can watch that topic and get updates by the topic author: Bitcoin Treasuries. @fillippone has big interest in economics and institutional investments. He keeps his topics updated very regularly.

Thanks for this tidbit of information, I would check out both since I am waiting for another big pump in bitcoin prices. The only problem that I have with @fillippone is thaat sometimes the quantity of his/her post is overwhelming but it might just be me, I might be too lazy to read but I will give it a try.

No @fillippone has taken time to write those posts. And some of his posts are translated locally already, so yeah it might be overwhelming but if it can be translated I'm sure you will understand it.

As far as institutional buys, of course they are not going to back down, on the contrary they are going to continue to accumulate. But what does it mean for us average joe and retail investors? Bitcoin are going to be scarce so we better not sold any of them right now and wait for the price to really go as high as 6 digits in the future.

[Theb]

This is not a sign of bullishness for institutional investors its just that MicroStrategy is planning to compensate their non-employee board members with Bitcoin and if I have to take it personally I think MicroStrategy is just using their own Bitcoin reserve to be paid on their directors which just means that they are offloading some of their reserves and we haven't seen any news about them buying more recently so for me this might be bad news and an exact opposite on your interpretation. But that is just my two cents about is people can look the other way around and see that this is a sign of support from their own directors accepting compensation in terms of Bitcoin.

[LUCKMCFLY]

I do not think that institutional investment is decreasing, even JP Morgan has advised that they buy Bitcoin, that institutions should not be expected to buy Bitcoin for others to do so, Elon Musk has made a large investment in Bitcoin without caring about his own Tesla shares, with more than 50% reduction has never given up on Bitcoin, he also has a particular liking for DogeCoin just like Mark Cuban, stating that:

“For your information, the Mavericks’ sales in Dogecoin have increased 550% over the past month. We have now sold more than 122,000 Doge in merchandise! We will never sell one single Doge ever. So keep buying.”

Source: https://dailyhodl.com/2021/04/15/billionaire-mark-cuban-says-he-will-never-sell-one-dogecoin-heres-why/

If these millionaires are putting or sheltering the money in Doge, maybe it is a strategy, for now the bullish trend of Bitcoin has been there, maybe another Tweet from Elon Musk in favor of Bitcoin causes another rally, what remains is to wait .

[thecodebear]

About that Microstrategy move in particular, board members are already rich people, so it's not like this is their one income stream that they need to live off of so they don't care about the volatility of Bitcoin as what they are getting compensated with.

More broadly though, of course institutional buyers are not backing down. Institutional adoption of Bitcoin is going to be a gradual thing that probably takes like a decade, and it really just started a half year or so ago. Other than Microstrategy, even that first bold wave of institutions that have already gotten in are starting small and will continue to build their positions in the future (and hell even Microstrategy will continue to build it's positions with the DCA we've seen whenever they have free cash).

So to answer "more pump?", yes, more pump, more pump for many years. Super cycle is starting, being driven by long term institutional adoption of Bitcoin.

[Baofeng]

So to answer "more pump?", yes, more pump, more pump for many years. Super cycle is starting, being driven by long term institutional adoption of Bitcoin.

Yes, this is more likely what's going to happen if Microstrategy or other financial institutions are going to invest billions into bitcoin. Yes they are rich, but they are very smart investors as well and that's spells the difference on rich individual getting richer and us average joe trying to get rich. So bitcoin is a good opportunity that we should take advantage of. We could see one super cycle or two big ones in this post halving alone.

[Fundamentals Of]

A dip is not a problem. At the end of the day, the non-employee directors are all free to keep their Bitcoins as is or convert them into fiat. Their Bitcoin payments are based on how much they should receive in fiat. If they don't trust Bitcoin enough or if they are foreseeing a coming dip, then they would simply convert their salaries into fiat. But for now they will have to bear with the changes because it is the decision of the board of directors.

[magneto]

Microstrategy is known for taking risks like this for publicity. It's not really representative of the total institutional picture per se.

But to see even speculative corporations such as MST going in this direction is very encouraging. They are using BTC as it is intended, as a payment processor and a long term store of value.

I'd actually argue that doing this is a much more tangible form of adoption compared to simply speculating on BTC price. Hopefully other corporations can follow suit, but honestly not expecting much.

[Zilon]

ow would employees react to this? Since btc is volatile and can dump at any minute. I can understand if they are excited about it now as Bitcoin is bullish but what happens when there is a massive dip? Love your hear thoughts on this none

We are still expecting more bullish trend for bitcoin market seen most industries and companies converting their assets to bitcoin like Tesla. I believe this is a perfect compensation plan for non-employee directors because we are still speculating that bitcoin will keep been bullish even till the end of 2021.

I can't foresee bitcoin been dumped in the nearest future. If it has survived centuries then I believe crypto is set to replace gold in the near future

[rodskee]

Institutional investors are getting more interested in bitcoin. This move by MicroStrategy is a big step. Will other companies follow this path? How would employees react to this? Since btc is volatile and can dump at any minute. I can understand if they are excited about it now as Bitcoin is bullish but what happens when there is a massive dip? Love your hear thoughts on this none

Here's the answer mate https://coinmarketcap.com/ check of the pump really continues or just dumping already..

but Hey there might be a changing position in the next  days but make sure you are ready to what will be the activities of the market as it is changing continuously nowadays.

I hate to say this but there might be a Bear to come this 2nd quarter.

[virasog]

Here's the answer mate https://coinmarketcap.com/ check of the pump really continues or just dumping already..

but Hey there might be a changing position in the next  days but make sure you are ready to what will be the activities of the market as it is changing continuously nowadays.

I hate to say this but there might be a Bear to come this 2nd quarter.

How will you differentiate between a dump and a correction ? Bitcoin is at 55K today and you think it is a start of a bear market. As long as bitcoin is above 20 weekly moving average , we are in a bull market and currently the 20 weekly MA is at 42000$.

[michellee]

Here's the answer mate https://coinmarketcap.com/ check of the pump really continues or just dumping already..

but Hey there might be a changing position in the next  days but make sure you are ready to what will be the activities of the market as it is changing continuously nowadays.

I hate to say this but there might be a Bear to come this 2nd quarter.

How will you differentiate between a dump and a correction ? Bitcoin is at 55K today and you think it is a start of a bear market. As long as bitcoin is above 20 weekly moving average , we are in a bull market and currently the 20 weekly MA is at 42000$.

I think he refers that this correction is including of the bear trend. This moment always comes to the crypto market and it is normal to see the price will go down after reaching the highest price. But we will see another pump for bitcoin and that will happen after this bloody drama. This moment will be good to buy more bitcoin because we can see the price touch $54k. But unfortunately, we do not know how deep bitcoin price will still go down. Maybe below $54k or any price, so you better be careful.

[Gozie51]

Here's the answer mate https://coinmarketcap.com/ check of the pump really continues or just dumping already..

but Hey there might be a changing position in the next  days but make sure you are ready to what will be the activities of the market as it is changing continuously nowadays.

I hate to say this but there might be a Bear to come this 2nd quarter.

How will you differentiate between a dump and a correction ? Bitcoin is at 55K today and you think it is a start of a bear market. As long as bitcoin is above 20 weekly moving average , we are in a bull market and currently the 20 weekly MA is at 42000$.

I think he refers that this correction is including of the bear trend. This moment always comes to the crypto market and it is normal to see the price will go down after reaching the highest price. But we will see another pump for bitcoin and that will happen after this bloody drama. This moment will be good to buy more bitcoin because we can see the price touch $54k. But unfortunately, we do not know how deep bitcoin price will still go down. Maybe below $54k or any price, so you better be careful.

Except we didn't follow the last 2017 bull and bear that caused real panic to hodlers and they dumped more in losses while price kept fallin. At the moment bitcoin touched $64k and down to $54k, that can't be called a bear, is just an 11% which can't be compared to bitcoin bull move. IMO it is still in bull and when hodlers dump, it takes another dive after a while. So we may see $70,000 on any further bull.

[slaman29]

Except we didn't follow the last 2017 bull and bear that caused real panic to hodlers and they dumped more in losses while price kept fallin. At the moment bitcoin touched $64k and down to $54k, that can't be called a bear, is just an 11% which can't be compared to bitcoin bull move. IMO it is still in bull and when hodlers dump, it takes another dive after a while. So we may see $70,000 on any further bull.

Yeah, bearish moves are not the same as flash crash, which is exactly what this is. Same thing I would say about the Elon Musk pumps, these aren't indication of bullish moves, just flash spikes.

Guess we're seeing them taking turns now but the momentum is still very clearly bullish even as I'm trying to be objective. $50k bottoming seems to be talking hold very well!

[7788bitcoin]

but Hey there might be a changing position in the next  days but make sure you are ready to what will be the activities of the market as it is changing continuously nowadays.

I hate to say this but there might be a Bear to come this 2nd quarter.

It is hard to say that we might see the bear market in the second quarter, it all depends upon how the institutional investors are taking their positions, will they be investing billions seeing this minor correction as an opportunity or they will be booking the profit they made till now and wait for the market to settle down, anything is possible and the global pandemic situation is not that great either as the second and third waves are creating huge problems in some countries and it will have an impact on the market as well.

[Fundamentals Of]

I hate to say this but there might be a Bear to come this 2nd quarter.

Do you think this isn't the bear yet that you are talking about? Bitcoin's price has already fallen from almost $65,000 to around $53,000. That is more than $10,000 lost. Does that not look a bear to you? Or is it exactly the bear that you are talking about?

Don't hate to say a bear is coming. Crypto, just as others, is always a bear and bull story. It is not bad for the bears to come pay a visit. That is a signal for us all to start buying cheap. Bears are always welcome. You just have to appreciate their presence and do the most appropriate thing to do.

[hd49728]

Do you think this isn't the bear yet that you are talking about? Bitcoin's price has already fallen from almost $65,000 to around $53,000. That is more than $10,000 lost. Does that not look a bear to you? Or is it exactly the bear that you are talking about?

It is correction. Bear market has yet to come but I see a few months of correction and accumulation. They are for new all time high at the end of this year. It is my neutral opinion, not optimistic not pessimistic.

Don't hate to say a bear is coming. Crypto, just as others, is always a bear and bull story. It is not bad for the bears to come pay a visit. That is a signal for us all to start buying cheap. Bears are always welcome. You just have to appreciate their presence and do the most appropriate thing to do.

Corrections are good to buy the dips and get money from bounces. If one person buy a dip, does not take profit with bounce and price falls deeper, it is not the end. After corrections, price will have new al time highs. Buy and take profit with bounces. If you miss bounces, hodl for new all time highs.

[crwth]

They are making it more and more interesting for the cryptocurrency space, knowing that they will use their stack to pay non-employees by the company. It's just going to show that they are really at it in applying cryptocurrency in their business transactions.

Imagine what the institution would feel if we are in the bear cycle now. Paper loss of millions of dollars is easy for those kinds of enormous investments.

[adaseb]

I hate to say this but there might be a Bear to come this 2nd quarter.

Do you think this isn't the bear yet that you are talking about? Bitcoin's price has already fallen from almost $65,000 to around $53,000. That is more than $10,000 lost. Does that not look a bear to you? Or is it exactly the bear that you are talking about?

Don't hate to say a bear is coming. Crypto, just as others, is always a bear and bull story. It is not bad for the bears to come pay a visit. That is a signal for us all to start buying cheap. Bears are always welcome. You just have to appreciate their presence and do the most appropriate thing to do.

Generally when you see $10 Billion in liqudations in one day it usually means that its a temporarily dip. What is more worrying is if we have a slow grind down day by day. What happened yesterday was an over exaggeration to the India banning bitcoin news.

Why did it fall so much? Well look at how many people were over leverage. I think the funding for the Dec 2021 futures was over 25% which is crazy. The OI kept going higher and higher and hence its no surprise that so many people got liquidated.

[Sithara007]

Institutions can stay invested for a long time, while many of the individual investors can't do that. Whenever a market crash occurs, there is a net inflow of coins from individual investors to institutions. And the media is also spreading a lot of rumors recently, regarding regulations (such as the news about financial institutions getting charged for money laundering through the medium of cryptocurrencies).  Such rumors make the individual investors nervous and at least some of them may fall victim to panic selling.

[michellee]

==

Except we didn't follow the last 2017 bull and bear that caused real panic to hodlers and they dumped more in losses while price kept fallin. At the moment bitcoin touched $64k and down to $54k, that can't be called a bear, is just an 11% which can't be compared to bitcoin bull move. IMO it is still in bull and when hodlers dump, it takes another dive after a while. So we may see $70,000 on any further bull.

People who involve in bitcoin from 2013-2019 will know the moment that happens in 2017. Many of us panic to see the dumped happen in 2017-2018, and in the next year, the price slowly gets down and makes many people leave the crypto for a while.  The downtrend that happens to bitcoin slowly changes this year and the price can back to increase and even recorded a new ATH this year. So this downtrend is just another moment for people to buy bitcoin at a low price than yesterday. If you want to use this moment, you can start to buy or wait for more to see the other lower price.

[RealMalatesta]

Many of us panic to see the dumped happen in 2017-2018, and in the next year, the price slowly gets down and makes many people leave the crypto for a while.  The downtrend that happens to bitcoin slowly changes this year and the price can back to increase and even recorded a new ATH this year. So this downtrend is just another moment for people to buy bitcoin at a low price than yesterday. If you want to use this moment, you can start to buy or wait for more to see the other lower price.

Like many other people, I am also assuming that we are in the middle of bull run; so there will be no meaning of getting panic on seeing prices falling down. I checked for the reason for yesterday's downfall, and it seemed usual market correction due to some people were profit booking or got liquidated in leveraged markets. So, just to making use of this collection will definitely will not disappoint any long-term holder.

I am sure about repeating what we had in 2017. It means we are too far away from experiencing the final ATH of this cycle and more importantly institutional buyers are not in hurry to book profits hence we can expect the continuation of current bull run until end of this year.

[Fundamentals Of]

I hate to say this but there might be a Bear to come this 2nd quarter.

Do you think this isn't the bear yet that you are talking about? Bitcoin's price has already fallen from almost $65,000 to around $53,000. That is more than $10,000 lost. Does that not look a bear to you? Or is it exactly the bear that you are talking about?

Don't hate to say a bear is coming. Crypto, just as others, is always a bear and bull story. It is not bad for the bears to come pay a visit. That is a signal for us all to start buying cheap. Bears are always welcome. You just have to appreciate their presence and do the most appropriate thing to do.

Generally when you see $10 Billion in liqudations in one day it usually means that its a temporarily dip. What is more worrying is if we have a slow grind down day by day. What happened yesterday was an over exaggeration to the India banning bitcoin news.

Why did it fall so much? Well look at how many people were over leverage. I think the funding for the Dec 2021 futures was over 25% which is crazy. The OI kept going higher and higher and hence its no surprise that so many people got liquidated.

The news about India banning Bitcoin is old. I don't know if the big dip very recently has something to do with it. It might have contributed a little. It must have something to do with the new FUD about money laundering. I don't understand why it was treated as if it was a big deal when it was also an old issue.

But we are now on the rebound. The price of Bitcoin has quickly recovered from the bottom and is now on its way to full recovery to $60,000.

[Yaunfitda]

I hate to say this but there might be a Bear to come this 2nd quarter.

Do you think this isn't the bear yet that you are talking about? Bitcoin's price has already fallen from almost $65,000 to around $53,000. That is more than $10,000 lost. Does that not look a bear to you? Or is it exactly the bear that you are talking about?

Don't hate to say a bear is coming. Crypto, just as others, is always a bear and bull story. It is not bad for the bears to come pay a visit. That is a signal for us all to start buying cheap. Bears are always welcome. You just have to appreciate their presence and do the most appropriate thing to do.

Generally when you see $10 Billion in liqudations in one day it usually means that its a temporarily dip. What is more worrying is if we have a slow grind down day by day. What happened yesterday was an over exaggeration to the India banning bitcoin news.

Why did it fall so much? Well look at how many people were over leverage. I think the funding for the Dec 2021 futures was over 25% which is crazy. The OI kept going higher and higher and hence its no surprise that so many people got liquidated.

The news about India banning Bitcoin is old. I don't know if the big dip very recently has something to do with it. It might have contributed a little. It must have something to do with the new FUD about money laundering. I don't understand why it was treated as if it was a big deal when it was also an old issue.

But we are now on the rebound. The price of Bitcoin has quickly recovered from the bottom and is now on its way to full recovery to $60,000.

India, Turkey, - we have heard that news but I don't think this is the main reason of the massive liquidations in recent days. Some say it has to do with that unfounded tweet that US Treasury is chasing some entity for crypto laundering.

But yeah, BTC seems to be green now, everything is clearer, the news was obviously a FUD, market is back and has rebounded to $55k or more. So another imminent break out might happen, so let see how it pan out.

[tygeade]

Institutional investors are getting more interested in bitcoin. This move by MicroStrategy is a big step. Will other companies follow this path? How would employees react to this? Since btc is volatile and can dump at any minute. I can understand if they are excited about it now as Bitcoin is bullish but what happens when there is a massive dip? Love your hear thoughts on this none

I am pretty sure that wasn't anything related to this, sure India banning bitcoin would be bad, but the dip was nothing like that. Plus microstrategy buying bitcoin means nothing substantial anymore neither, they are buying like tens of millions of dollars but bitcoin became so large that even a regular person could be selling that much, miners are selling maybe hundreds of millions of dollars these days with the money they kept so far.

I think there is going to be a big movement, like seriously big movement, it could be down or high but the clouds are getting together and we are seeing a storm brewing right now, price has been too strict for a long time and these sudden movements we are seeing is the result of that. If we do like a 15+ higher or lower we could actually become a lot healthier as well, all we need is to get rid of all the buys and sells around this price because they are getting bigger and building walls.

[Fundamentals Of]

I hate to say this but there might be a Bear to come this 2nd quarter.

Do you think this isn't the bear yet that you are talking about? Bitcoin's price has already fallen from almost $65,000 to around $53,000. That is more than $10,000 lost. Does that not look a bear to you? Or is it exactly the bear that you are talking about?

Don't hate to say a bear is coming. Crypto, just as others, is always a bear and bull story. It is not bad for the bears to come pay a visit. That is a signal for us all to start buying cheap. Bears are always welcome. You just have to appreciate their presence and do the most appropriate thing to do.

Generally when you see $10 Billion in liqudations in one day it usually means that its a temporarily dip. What is more worrying is if we have a slow grind down day by day. What happened yesterday was an over exaggeration to the India banning bitcoin news.

Why did it fall so much? Well look at how many people were over leverage. I think the funding for the Dec 2021 futures was over 25% which is crazy. The OI kept going higher and higher and hence its no surprise that so many people got liquidated.

The news about India banning Bitcoin is old. I don't know if the big dip very recently has something to do with it. It might have contributed a little. It must have something to do with the new FUD about money laundering. I don't understand why it was treated as if it was a big deal when it was also an old issue.

But we are now on the rebound. The price of Bitcoin has quickly recovered from the bottom and is now on its way to full recovery to $60,000.

India, Turkey, - we have heard that news but I don't think this is the main reason of the massive liquidations in recent days. Some say it has to do with that unfounded tweet that US Treasury is chasing some entity for crypto laundering.

But yeah, BTC seems to be green now, everything is clearer, the news was obviously a FUD, market is back and has rebounded to $55k or more. So another imminent break out might happen, so let see how it pan out.

The negative news coming from India and Turkey is now balanced out with the positive news coming from China. We'll see which one of them will affect and contribute more to Bitcoin's price in the next days.

I thought the green has already taken over when Bitcoin surpassed $55,000 and even went as high as $57,000. But now we are back at $54,000. There must be a large amount of sell orders happening right now.

[Shasha80]

==

Except we didn't follow the last 2017 bull and bear that caused real panic to hodlers and they dumped more in losses while price kept fallin. At the moment bitcoin touched $64k and down to $54k, that can't be called a bear, is just an 11% which can't be compared to bitcoin bull move. IMO it is still in bull and when hodlers dump, it takes another dive after a while. So we may see $70,000 on any further bull.

People who involve in bitcoin from 2013-2019 will know the moment that happens in 2017. Many of us panic to see the dumped happen in 2017-2018, and in the next year, the price slowly gets down and makes many people leave the crypto for a while.  The downtrend that happens to bitcoin slowly changes this year and the price can back to increase and even recorded a new ATH this year. So this downtrend is just another moment for people to buy bitcoin at a low price than yesterday. If you want to use this moment, you can start to buy or wait for more to see the other lower price.

I agree that the 2017/2018 incident made many investors fear that the same thing will happen again this year. Even though this year is clearly
very different in my opinion, apart from many institutions that have started buying Bitcoin. Bitcoin has also begun to be trusted as a payment,
not a few merchants are starting to accept Bitcoin as payment right now. This is positive news that makes the demand for Bitcoin even higher,
then the correction that is happening now is indeed the right time to buy Bitcoin again. I believe Bitcoin will recover soon, so stay patient HODL
Bitcoin that we have. Or we can buy Bitcoin at the current price, before the price goes up again.

[btc78]

India, Turkey, - we have heard that news but I don't think this is the main reason of the massive liquidations in recent days. Some say it has to do with that unfounded tweet that US Treasury is chasing some entity for crypto laundering.

This looks to be the main reason of the recent dump as the nO proof tweets affected the market that bad.

But yeah, BTC seems to be green now, everything is clearer, the news was obviously a FUD, market is back and has rebounded to $55k or more. So another imminent break out might happen, so let see how it pan out.

But Now it's Bloody bath again , this is the second bearishness happens in 3 days period so what we gotta wait now?
are we seeking for the Bear market so at least the whole second quarter will be the days of the Blood? and the 3rd and 4th quarter will be the Bullishness ?

[michellee]

==

Like many other people, I am also assuming that we are in the middle of bull run; so there will be no meaning of getting panic on seeing prices falling down. I checked for the reason for yesterday's downfall, and it seemed usual market correction due to some people were profit booking or got liquidated in leveraged markets. So, just to making use of this collection will definitely will not disappoint any long-term holder.

I am sure about repeating what we had in 2017. It means we are too far away from experiencing the final ATH of this cycle and more importantly institutional buyers are not in hurry to book profits hence we can expect the continuation of current bull run until end of this year.

I do not check for the reason for the market correction yesterday because if I do that, I will spend some time finding out why, which is not always right or it just from people guessing the reason. Instead, I better find other news that will allow me to know the market situations or learn more about the market to make more profit in the current conditions.

I think we do not yet see the final ATH of this cycle because the price can still increase more than just $64k or the worst thing will happen, especially since this year still has 7 months later so that everything can occur, including the final ATH which all people want to know.

==

I agree that the 2017/2018 incident made many investors fear that the same thing will happen again this year. Even though this year is clearly
very different in my opinion, apart from many institutions that have started buying Bitcoin. Bitcoin has also begun to be trusted as a payment,
not a few merchants are starting to accept Bitcoin as payment right now. This is positive news that makes the demand for Bitcoin even higher,
then the correction that is happening now is indeed the right time to buy Bitcoin again. I believe Bitcoin will recover soon, so stay patient HODL
Bitcoin that we have. Or we can buy Bitcoin at the current price, before the price goes up again.

The correction will happen every time the price reaches a high price, which will continue from time to time. The adoption process seems good this year because that can attract many institutions to join the bitcoin and invest in bitcoin. The correction will end and will change to rises in the price, giving people a chance to profit. If people can buy bitcoin and hold it, they will see that bitcoin is the best investment this year because bitcoin will go up again. When the price is up again, they can sell and take profit while still holding it for a long time.

[blckhawk]

==

Except we didn't follow the last 2017 bull and bear that caused real panic to hodlers and they dumped more in losses while price kept fallin. At the moment bitcoin touched $64k and down to $54k, that can't be called a bear, is just an 11% which can't be compared to bitcoin bull move. IMO it is still in bull and when hodlers dump, it takes another dive after a while. So we may see $70,000 on any further bull.

People who involve in bitcoin from 2013-2019 will know the moment that happens in 2017. Many of us panic to see the dumped happen in 2017-2018, and in the next year, the price slowly gets down and makes many people leave the crypto for a while.  The downtrend that happens to bitcoin slowly changes this year and the price can back to increase and even recorded a new ATH this year. So this downtrend is just another moment for people to buy bitcoin at a low price than yesterday. If you want to use this moment, you can start to buy or wait for more to see the other lower price.

I agree that the 2017/2018 incident made many investors fear that the same thing will happen again this year. Even though this year is clearly
very different in my opinion, apart from many institutions that have started buying Bitcoin. Bitcoin has also begun to be trusted as a payment,
not a few merchants are starting to accept Bitcoin as payment right now. This is positive news that makes the demand for Bitcoin even higher,
then the correction that is happening now is indeed the right time to buy Bitcoin again. I believe Bitcoin will recover soon, so stay patient HODL
Bitcoin that we have. Or we can buy Bitcoin at the current price, before the price goes up again.

It is good to think that the image of Bitcoin improves over the year from being hated now being supported by large institutions. As time goes by and every year will pass, along with it the massive adoption we've all been waiting for will eventually gonna happen. If more institutions will come over crypto this will be a reason for other counties to lift the ban against crypto, especially in Bitcoin. This will increase the demand for Bitcoin and will cause a positive impact on the price.  It may be under correction right now but this is one of the best opportunities to buy cheaper coins for use to maximize our profit.

[BrewMaster]

It is good to think that the image of Bitcoin improves over the year from being hated now being supported by large institutions. As time goes by and every year will pass, along with it the massive adoption we've all been waiting for will eventually gonna happen. If more institutions will come over crypto this will be a reason for other counties to lift the ban against crypto, especially in Bitcoin. This will increase the demand for Bitcoin and will cause a positive impact on the price.  It may be under correction right now but this is one of the best opportunities to buy cheaper coins for use to maximize our profit.

bitcoin was never exactly hated but mostly feared by those that could have been replaced by it for example the flawed payment processors. nothing has changed now. we are just seeing more investors coming in which we can not call "adoption" because these institutional investors are just big speculators that are going to play the market for maximum profit.

[beerlover]

I do not check for the reason for the market correction yesterday because if I do that, I will spend some time finding out why, which is not always right or it just from people guessing the reason. Instead, I better find other news that will allow me to know the market situations or learn more about the market to make more profit in the current conditions.

I think we do not yet see the final ATH of this cycle because the price can still increase more than just $64k or the worst thing will happen, especially since this year still has 7 months later so that everything can occur, including the final ATH which all people want to know.

Yeah, it does take a lot of worry even if you are not selling, a crash is a crash and anytime it happens no matter who you are, a newbie, a veteran, a panic seller, a long term holder, every crash worries people and that's normal. How you react to it changes what type of person you are but how you feel is same with everyone. This is why there is no need to worry about drops and pumps causing you emotions, that is something very normal.

I personally do not see this drop as something of a problem, because as long as these institutional investors are here, they are literally powerful enough to cover all the drop with one single move. Let something like amazon buy another 1 billion dollars, even if that doesn't cover it (it won't) the news of it will create so much hype that there will be 5x more bought by retail investors just because of the news.

[skarais]

I personally do not see this drop as something of a problem, because as long as these institutional investors are here, they are literally powerful enough to cover all the drop with one single move. Let something like amazon buy another 1 billion dollars, even if that doesn't cover it (it won't) the news of it will create so much hype that there will be 5x more bought by retail investors just because of the news.

Yes, I agree that correction is normal for this highly volatile asset. Even though we now know that institutional investor are very supportive of bitcoin by investing billion of money, I am sure they will come out when their target is reached. Maybe they won't come out as easily as we thought, but we will definitely see that period come. It is true that Microstrategy has sparked other institutional investor to come to bitcoin, I am still very confident that more institution will enter after this.

[michellee]

I do not check for the reason for the market correction yesterday because if I do that, I will spend some time finding out why, which is not always right or it just from people guessing the reason. Instead, I better find other news that will allow me to know the market situations or learn more about the market to make more profit in the current conditions.

I think we do not yet see the final ATH of this cycle because the price can still increase more than just $64k or the worst thing will happen, especially since this year still has 7 months later so that everything can occur, including the final ATH which all people want to know.

Yeah, it does take a lot of worry even if you are not selling, a crash is a crash and anytime it happens no matter who you are, a newbie, a veteran, a panic seller, a long term holder, every crash worries people and that's normal. How you react to it changes what type of person you are but how you feel is same with everyone. This is why there is no need to worry about drops and pumps causing you emotions, that is something very normal.

I personally do not see this drop as something of a problem, because as long as these institutional investors are here, they are literally powerful enough to cover all the drop with one single move. Let something like amazon buy another 1 billion dollars, even if that doesn't cover it (it won't) the news of it will create so much hype that there will be 5x more bought by retail investors just because of the news.

It is important to have control for ourselves to calm down for a while and find out how to solve the crash and save our investment. But sometimes, even if they are a veteran, they can panic if they see the price drops and confuse what they need to do because they never face that situation. And that is normal to have a panic feeling, but that will depend on how good you control yourself.

When I see drops, I just think about is there any chance for me to buy more amount or I only need to watch the price move because if there is a chance for me to buy, I will try to analyze, even if in the end, I do not buy it because of my feeling telling do not buy at that time. This year will be a time for bitcoin to have much support from the institutional, and I guess they already bought bitcoin a few years ago before the bitcoin rises. But I believe that bitcoin will get its pump sooner or later, so we should patient and just wait and see.

[milewilda]

This is good news because intuition join and what the MicroStrategy does many institutions will follow it. And I think the employees who know about crypto will say "good idea". What happens if dump massive, i think this is only about the time and the price will recover, so MicroStrategy also must tell their client about this

Doesnt matter on what company or instutional buyers would engage out in crypto market specially with bitcoin or into some top altcoins.For sure they would really create some good pump but we
know that we do share the same common goal which is to make profit and not really thinking off about totally supporting this decentralized idea.They are totally opposing it as we know
but since with this kind of opportunity on where they could possibly able to hook up some profits and since they are financially capable then its no surprise that they would really
be just minding about that stuff nothingless.

[GeorgeJohn]

It's very clear that bitcoin is dominating the environment because people are really interested over it's development, and the more institution adventure into it and the more its becomes influential across the nations, from my conception i understand that bitcoin is like another key of multiplication of finance and that should be another reason while it's becoming highly competitive, so as far back 2010 and 2015 some industries that adventure into it, maybe their is a welcomed development concerning it.

[Kittygalore]

Institutions can stay invested for a long time, while many of the individual investors can't do that. Whenever a market crash occurs, there is a net inflow of coins from individual investors to institutions. And the media is also spreading a lot of rumors recently, regarding regulations (such as the news about financial institutions getting charged for money laundering through the medium of cryptocurrencies).  Such rumors make the individual investors nervous and at least some of them may fall victim to panic selling.

That depends on the individual investor, it's not like everyone have the same risk tolerance, and if they have the money to not cash it out prematurely then they might be able to hodl for as long as they want or at the same time as institutional investors.

[SquallLeonhart]

Doesnt matter on what company or instutional buyers would engage out in crypto market specially with bitcoin or into some top altcoins.For sure they would really create some good pump but we know that we do share the same common goal which is to make profit and not really thinking off about totally supporting this decentralized idea.They are totally opposing it as we know but since with this kind of opportunity on where they could possibly able to hook up some profits and since they are financially capable then its no surprise that they would really be just minding about that stuff nothingless.

That’s the power of "decentralization", it creates a fair grounds fighting chance for the poor people, if it goes up 10% then it goes up 10% and if it falls then we all lose. In the fiat world when a bank collapses because it made a bad investment they get bailed out while people end up not being able to recover from it, during 2008 crisis all banks got bailed out and they are in bigger profit then ever while a lot of regular people lost their homes to banks, if banks got those houses, then why did banks got a bail out? They both get to keep the houses and also the bail out money whereas poor people ended up homeless without any help.

There is nothing like that in crypto, if we make a profit we make it together and if we lose then we lose it together, it is not against wealthy people, it is just supporting everyone equally so it is actually fair.

[Baofeng]

This is good news because intuition join and what the MicroStrategy does many institutions will follow it. And I think the employees who know about crypto will say "good idea". What happens if dump massive, i think this is only about the time and the price will recover, so MicroStrategy also must tell their client about this

Doesnt matter on what company or instutional buyers would engage out in crypto market specially with bitcoin or into some top altcoins.For sure they would really create some good pump but we
know that we do share the same common goal which is to make profit and not really thinking off about totally supporting this decentralized idea.They are totally opposing it as we know
but since with this kind of opportunity on where they could possibly able to hook up some profits and since they are financially capable then its no surprise that they would really
be just minding about that stuff nothingless.

Or more involvement from retails and average jo investors just like the majority of us. Institutions have been here I believed as early as 2017, prior the the break out year we had that time that's why we achieved an all time high. And then it was highlighted again late 2020 and it's still going on till 2021 although the price somewhat minus 50% after a great and super fast bull run we had in the first half of the year.

Of course everyone here is for the profit, regardless of whales, whale streets, institutions and retail investors, that's already a given fact. Just a matter of strategy on how to make money specially for average joe's.

[STT]

Appears impressive momentum recently and it could develop a trend upwards but not on a weekend so much, volume isnt strong enough.  I think we need to do another loop for more momentum.   I'll be watching to see how far we pull back but so far we have not yet arrested the negative momentum and this is still a relief type rally.  If we hold 33 and 34k through a couple days of all markets trading it will be a bit more convincing.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               

[bbc.reporter]

I speculate another one of bitcoin’s largest pumps is coming. Considering Jaime Dimon’s public remarks on bitcoin and this contradiction in his actions, it appears that he had JPMorgan spend its internal resources to know what their clients want. The decision was not done without clear planning.



JPMorgan Chase began pitching its Private Bank clients on an in-house bitcoin (BTC, +3.23%) fund for the first time this week, completing its transformation from the never-bitcoin mega-bank to a genuine player in the digital assets space.

According to two sources familiar with the matter, the passively managed fund, offered in partnership with bitcoin powerhouse NYDIG, doesn’t yet have any investments from clients. That could soon change; advisers were primed only yesterday in a launch call with the bank.

That’s keeping with the party line from the bank’s bitcoin skeptic CEO, Jamie Dimon. Despite his historically vehement disdain for spooky internet money, Dimon has repeatedly said that clients want the stuff, and therefore JPMorgan has a responsibility to deliver it safely.

Source https://www.coindesk.com/jpmorgan-launches-in-house-bitcoin-fund-for-wealthy-clients

[hd49728]

This is good news because intuition join and what the MicroStrategy does many institutions will follow it. And I think the employees who know about crypto will say "good idea". What happens if dump massive, i think this is only about the time and the price will recover, so MicroStrategy also must tell their client about this

Not only Micro Strategy, JP Morgan, Tesla but many long term holder entities are accumulating more Bitcoin and they accelerate their accumulating speed.

Let's check this out with on-chain analysis from glassnode.

https://twitter.com/glassnode/status/1423086804043894786

The proportion of #Bitcoin supply held by LTHs continues to trend higher as coins are held dormant.

Previous bull markets were triggered when LTH supply reached between 63.6% and 71.5% although often after many months at these levels.

LTHs currently hold 66% of the $BTC supply.

Price will move months after this accumulation, is it a big matter? I see it is not a big matter and fortunately, we have signals that price will grow up again.

Taproot activation in November, check it out: https://taproot.watch/

[Kemarit]

Appears impressive momentum recently and it could develop a trend upwards but not on a weekend so much, volume isnt strong enough.  I think we need to do another loop for more momentum.   I'll be watching to see how far we pull back but so far we have not yet arrested the negative momentum and this is still a relief type rally.  If we hold 33 and 34k through a couple days of all markets trading it will be a bit more convincing.                                                       

And just like that, the price pumps to $42,000, but not sure if the pump comes form institutional buyers.

But we all know that this whales, with their deep pockets will really take advantage of every dip to fatten their clients wallets or for themselves, so don't be surprised if we will hear reports again that they've started to buy again that will push the price to at least $50,000 this month.

[buwaytress]

And just like that, the price pumps to $42,000, but not sure if the pump comes form institutional buyers.

But we all know that this whales, with their deep pockets will really take advantage of every dip to fatten their clients wallets or for themselves, so don't be surprised if we will hear reports again that they've started to buy again that will push the price to at least $50,000 this month.

The final loop around STT mentioned looks like is happening right now then. And as I thought, we should enter Friday with fresh impetus from the bulls for yet another weekend swing up.

Not sure we won't be heading back down below 40k again after though, still titchy all over the place... But it could also be some variable from attention all on Ethereum since yesterday with that London conference and fork sure to draw some speculator strength from Bitcoin.

I hope to hear more FUD than good news this week though. Wring the bad press dry, I say.

[Lucius]

I speculate another one of bitcoin’s largest pumps is coming. Considering Jaime Dimon’s public remarks on bitcoin and this contradiction in his actions, it appears that he had JPMorgan spend its internal resources to know what their clients want. The decision was not done without clear planning.

You seem to have changed your mind, because for months you have been saying that we have to prepare for the worst

Besides, when Jaime Dimon is mentioned so much in a negative context these days, don't you and others know that he had a negative opinion about Bitcoin for only a few months - and that he publicly apologized for saying that Bitcoin is a fraud.

I don't see how you connect this news with the new pump - because JPM has been extremely bullish around BTC for a very long time - JPMorgan says bitcoin could rise to $146,000 long term as it competes with gold.

Offering a service to customers is one thing, and it is quite another whether customers will use it - everyone who has listened to their advice has had enough time and ways to already invest in Bitcoin.

[Botnake]

I think institutional buyers (and possibly central banks) are buying Dogecoin 

No, not gonna happen, only Elon buys Dogecoin. lol...

If the Central bank will buy crypto, we would know as they will make it public, it's our right to know, but since they did not announce it yet, then let us not assume that they will buy bitcoin.

Institutional buyers that we are referring to here are private businesses or institutions, the central bank is own by the state, so it's public.

[rahmatrf331]

Follow the institutional investments and their public records on https://bitcointreasuries.org/

If you are lazy to follow it, you can watch that topic and get updates by the topic author: Bitcoin Treasuries. @fillippone has big interest in economics and institutional investments. He keeps his topics updated very regularly.

I have read and followed the public records, the information is very accurate. looks like bitcoin will be a very strong pump going forward. There are so many institutional investments that adopt bitcoin, including:
MicroStrategy from America as much as 105,085 bitcoins, it looks like the whale is pounding its tail fin.

[jakdanyel]

I think that institutional buyers won't be affecting the market directly very much anymore. Because we see that some companies like MicroStrategy have still been buying a great amount of Bitcoin but those news haven't affected Bitcoin price a bit. The market and Bitcoin are getting stronger and stronger as time goes on. And this helps preventing the manipulation at a high rate.

[milewilda]

I think that institutional buyers won't be affecting the market directly very much anymore. Because we see that some companies like MicroStrategy have still been buying a great amount of Bitcoin but those news haven't affected Bitcoin price a bit. The market and Bitcoin are getting stronger and stronger as time goes on. And this helps preventing the manipulation at a high rate.

There are some who do boast out on buying coins but for sure there are companies or investors that havent said a word but they do accumulate silently behind and same
goes when they are selling too which it is really hard to tell on what are  the actions been doing since this market cant really be traced up on whose buying and selling
behind but we can make up some presumptions that they neither be part or not on said situation. Lets just wait on what would happen in next months or years
to come.As an investor or trader then you should know at least on what you are doing.

[Bustart]

~snip~

Institutional investors are getting more interested in bitcoin. This move by MicroStrategy is a big step. Will other companies follow this path? How would employees react to this? Since btc is volatile and can dump at any minute. I can understand if they are excited about it now as Bitcoin is bullish but what happens when there is a massive dip? Love your hear thoughts on this none

If there's a massive dip, good opportunity happens for people who still wanted to buy at cheaper price but not that significant because right now it's impossible to have btc at below $35k. Lately price saturates at below $40k and only stayed at above $37k while green signals was potentially creating strong influence towards different interested buyers.

[bbc.reporter]

I speculate another one of bitcoin’s largest pumps is coming. Considering Jaime Dimon’s public remarks on bitcoin and this contradiction in his actions, it appears that he had JPMorgan spend its internal resources to know what their clients want. The decision was not done without clear planning.

You seem to have changed your mind, because for months you have been saying that we have to prepare for the worst

Besides, when Jaime Dimon is mentioned so much in a negative context these days, don't you and others know that he had a negative opinion about Bitcoin for only a few months - and that he publicly apologized for saying that Bitcoin is a fraud.

I don't see how you connect this news with the new pump - because JPM has been extremely bullish around BTC for a very long time - JPMorgan says bitcoin could rise to $146,000 long term as it competes with gold.

Offering a service to customers is one thing, and it is quite another whether customers will use it - everyone who has listened to their advice has had enough time and ways to already invest in Bitcoin.

What I was telling all the larpers was to be realists and be prepapred because we do not know when the bears might begin to pounce. However, I was also telling everyone to also be be realists and always use logic when much of the forum was beginning to be bearish during the dump.

https://bitcointalk.org/index.php?topic=5332856.0

[hd49728]

If there's a massive dip, good opportunity happens for people who still wanted to buy at cheaper price but not that significant because right now it's impossible to have btc at below $35k. Lately price saturates at below $40k and only stayed at above $37k while green signals was potentially creating strong influence towards different interested buyers.

Massive dips in May and June are great times for long term hodlers to accumulate but at the same time, amateur investors or traders were fearful. If you think that the bull market has yet topped up, and believe it will continue with new all time highs, why did you reject opportunities to buy cheap Bitcoin with dips?

Willy Woo revealed that fact of accumulations from HODLERs. Source

Just a matter of patience and time before $42k breaks.

Strong HODLers, the Rick Astleys of this world, have been taking this opportunity to scoop large amounts of coinage while we're under the resistance ceiling.

[zanezane]

I think that institutional buyers won't be affecting the market directly very much anymore. Because we see that some companies like MicroStrategy have still been buying a great amount of Bitcoin but those news haven't affected Bitcoin price a bit. The market and Bitcoin are getting stronger and stronger as time goes on. And this helps preventing the manipulation at a high rate.

It's just that the current institutional buyers right now aren't pouring in a lot of money in the market so we don't feel their presence too much which is a good thing because the fear index is going to go up when the prices all of a sudden spiked. Plus, more people are now patient enough to not easily sell their bitcoins if there's a small increase.

[fillippone]

Also Glassnode is telling us that whales are accumulating:


https://twitter.com/glassnode/status/1423466066655682562?s=20

I reckon this metric could be a little bit dubious, but of course, everyone has his own agenda and all analysis must be taken into account with a pinch of salt!

[Hippocrypto]

I think that institutional buyers won't be affecting the market directly very much anymore. Because we see that some companies like MicroStrategy have still been buying a great amount of Bitcoin but those news haven't affected Bitcoin price a bit. The market and Bitcoin are getting stronger and stronger as time goes on. And this helps preventing the manipulation at a high rate.

It's just that the current institutional buyers right now aren't pouring in a lot of money in the market so we don't feel their presence too much which is a good thing because the fear index is going to go up when the prices all of a sudden spiked. Plus, more people are now patient enough to not easily sell their bitcoins if there's a small increase.

Technically every person is learning not just by taking their profit too quick, but they're thinking a lot deeper. Their failures became an inspiration for them to pursue every future plans, because selling bitcoins at an early stage was only for losers. When price will spike, don't be panic, just be prepared in case there's a possible unexpected bullrun which whales also played an important role.