fathafraink (OP)
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Eloncoin
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July 08, 2023, 10:49:23 AM |
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When Binance and Coinbase were sued by the SEC Institutions should be afraid, but why are institutions the other way around? institutions even apply for licenses to their respective regulators, and instead open a digital asset service?
And if the institution has entered, the pump should have happened, especially when it coincided with halving in 2024. Right?
So, when institutions come in, and their bitcoins are custodied by them. Are the bitcoins on the market becoming scarcer? plus, because there will be a halving? and that means potentially Bitcoin will become more expensive as it becomes scarcer, and more numerous less?
I'm sure many of the seniors in this forum know more about what happened and what will happen, therefore I beg the seniors to give a little knowledge and experience to us newbies, Really appreciate your discussion, Thanks.
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Upgrade00
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July 08, 2023, 11:00:32 AM |
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So, when institutions come in, and their bitcoins are custodied by them. Are the bitcoins on the market becoming scarcer? plus, because there will be a halving?
Bitcoin can have demand grow against supply which increases at a fixed rate but we will not have scarcity in Bitcoin where there is not enough to meet up with the demand. Institutional investors will not be able to take away majorrt of Bitcoin from circulation. and that means potentially Bitcoin will become more expensive as it becomes scarcer, and more numerous less?
Bitcoin can grow in value when as the supply thins out and the demand grows cause the trader sentiment is positive and the general intention is to buy more.
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Oshosondy
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July 08, 2023, 11:05:45 AM Last edit: July 08, 2023, 12:10:20 PM by Oshosondy |
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SEC sued Binance and Coinbase, but not that the exchanges collapsed. If those two exchanges can collapse at once, bitcoin price will reach $20000 or below very soon. Bitcoin is not affected because it is an opportunity for people to buy more and for those that have not bought before to buy.
If institutions buy bitcoin, the demand increased and bitcoin price will increase. But institutions can decide to sell bitcoin too. Institutions are different from one another.
The more people buy bitcoin, the more it would become scarece and the price will increase.
As there is halving, lesser bitcoin will be supplied to the circulation, this will help because if the suppling rate is reducing, the higher the price can be. With increase in demand, it becomes scarce and the more the price.
People will likely buy more after halving and this will increase bitcoin price.
We are waiting for spot ETF for bitcoin which will also help. Likely spot ETF for bitcoin would have been approved closer to the time of halving and this willl help in the price to increase too.
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CODE200
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July 08, 2023, 11:08:05 AM |
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To answer your question in the title, I am sure that the price will increase when the halving happens and will continue to go up for a few more months after the fact, I say this with confidence because there's already a proof that most peaks in the price of bitcoin coincide with the halving and there's the market history to further prove my answer/opinion.
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elevates
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July 08, 2023, 11:11:52 AM |
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It is not easy to speculate on the price of Bitcoin. It depends on factors such as market demand, investor sentiment, regulatory development, etc. The reason why you are seeing positive sentiments at the moment is because of ETFs submitted by known financial institutions to SEC. If the ETF gets approved then you can expect institutional investors and retailers investing in Bitcoin. If you look back into halving history, you will see that Bitcoin has always created a new ATH after it. I am expecting Bitcoin to pump before and after halving.
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tabas
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July 08, 2023, 11:36:03 AM |
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The explanation you've made is right. It's simple as that, the more Bitcoin being held by individuals together with the institutions. That means that there's lesser in the circulation and that makes bitcoin more scarce. I do remember IIRC last bull run, there's even the limitation on how much everyone can buy Bitcoin off exchanges. And that's possible to happen again when the demand has increased, the law of supply and demand has always been applied on this market.
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Sim_card
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July 08, 2023, 11:42:43 AM |
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Adoption of Bitcoin is increasing by individual and institutions,this is a positive sign for Bitcoin price to pump because we time goes,the demand of bitcoin will be higher than the supply because everyone is holding to their bitcoin. The halving will have a significant effect on the price of Bitcoin because the number of bitcoin that miners will mine after the halving will reduce twice of the current number. This will lead to increase in price because it will be limited in number. Also some people will buy when the price is high due to FOMO. As long as there are will be no FUD on bitcoin,and ETF gets approved,the price of will pump and if
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Taskford
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July 08, 2023, 11:56:47 AM |
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You cannot say it is since there might be some changes especially when government officials bothered up some certain move up and they want to interfere any activities happening on big platforms since this could increase the fear of people and might they stop accumulating when this incident happen. But if there's no issue will occur then expect that great things will come since we already see it for the past halving events.
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tranthidung
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July 08, 2023, 12:00:58 PM |
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When Binance and Coinbase were sued by the SEC Institutions should be afraid, but why are institutions the other way around?
Not all companies will maintain their leading positions forever. Nokia, Koddak, Sony are good examples and you can forget about such fear, without Binance, Coinbase there will be other exchanges in future. Before Binance, biggest exchanges are Poloniex and Bittrex but Bittrex just filed for bankruptcy months ago. And if the institution has entered, the pump should have happened, especially when it coincided with halving in 2024. Right?
There are already institutional investors in Bitcoin market. You can explore who they are in Bitcoin TreasuriesIn halving years, we will likely have big news to heat the market and lift it up. First and some Bitcoin Spot ETFs in 2024, what do you think?
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darkv0rt3x
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July 08, 2023, 12:01:34 PM |
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... his will help because if the supply is reducing, the higher the price can be. With increase in demand, it becomes scarce and the more the price.
I know what you mean, but supply is not reducing. I mean, there is more supply every 10 mins, right? So, technically, supply is increasing. The rate at it increases is the one that is shrinking, reducing, halving. I know this is a detail, but still worth of mentioning.
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Bitcoin is energy. Bitcoin is freedom I rather die on my feet than living on my knees!
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mendace
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July 08, 2023, 12:13:11 PM |
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SEC sued Binance and Coinbase, but not that the exchanges collapsed. If those two exchanges can collapse at once, bitcoin price will reach $20000 or below very soon. Bitcoin is not affected because it is an opportunity for people to buy more and for those that have not bought before to buy.
If institutions buy bitcoin, the demand increased and bitcoin price will increase. But institutions can decide to sell bitcoin too. Institutions are different from one another.
The more people buy bitcoin, the more it would become scarece and the price will increase.
As there is halving, lesser bitcoin will be supplied to the circulation, this will help because if the suppling rate is reducing, the higher the price can be. With increase in demand, it becomes scarce and the more the price.
People will likely buy more after halving and this will increase bitcoin price.
We are waiting for spot ETF for bitcoin which will also help. Likely spot ETF for bitcoin would have been approved closer to the time of halving and this willl help in the price to increase too.
I think with ETFs many people will get hurt, because many will buy the shares and Bitcoin will skyrocket then someone with bags full of money will go to Black Rock and ask for a lot of Bitcoin to open short positions, of course BR will give them because they won't be his. At that point btc goes to historic lows for the short and fear will enter, therefore people who will sell again at a downward price. At that point some come back to BR to return btc and close the short but ask if they can keep btc by paying a modest amount, BR accepts and however asks to eliminate the possibility of making loans in BTC with the trust assets.
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Ever-young
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July 08, 2023, 12:14:22 PM |
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The SUE by the SEC to the two big crypto exchange caused a panic in the market for quite awhile. But people letter realized that their is little to be worried about, the SEC don't own Bitcoin neither is it controlled by any of those exchanges executives. So people realize that their is more to Bitcoin than being attacked by the Feds, so most people use the opportunity of the price dump and fill in their bag's.
Base on the previous price movement, Bitcoin price seems to always be moving up after the halving some times months after the halving why some times years after the halving, but before the halving their is always a small price movement which looks seems to be as a result of increase in demand.
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Oshosondy
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July 08, 2023, 12:14:37 PM Merited by darkv0rt3x (1) |
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I know what you mean, but supply is not reducing. I mean, there is more supply every 10 mins, right? So, technically, supply is increasing. The rate at it increases is the one that is shrinking, reducing, halving. I know this is a detail, but still worth of mentioning.
I appreciate the correction and I have changed it. I did not mean the total supply, but the mining supply. So I changed it to the rate of supply.
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20kevin20
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July 08, 2023, 12:20:35 PM |
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Halvings aren’t quite as fun as they seem. It happens with no immediate market reaction. The market reaction is typically around an year after the halving.
I don’t expect much because otherwise I’d be disappointed and discouraged. I expect BTC to have a price increase but it’s gonna probably get smaller and smaller bumps eveey halving because.. well, you can’t expect it to go to the sky every time. Last ATH was only 300% up from the previous. It may be more, less or the same next bump although I honestly expect it to be less than 300%.
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cryptomaniac_xxx
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July 08, 2023, 12:23:21 PM |
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When Binance and Coinbase were sued by the SEC Institutions should be afraid, but why are institutions the other way around? institutions even apply for licenses to their respective regulators, and instead open a digital asset service?
But you know that when Blackrock refiled their application, they said that they are naming Coinbase as ‘Surveillance-Sharing’ Partner? And if the institution has entered, the pump should have happened, especially when it coincided with halving in 2024. Right?
Well it depends on how you look at it, if you are talking about the Bitcoin ETF approval then maybe it will have a positive effect on the market price and if it will coincide with the bull run then we might the price pushing to minimum $100k in 2024-2025. So we will see how it goes, we need something to really push the market in the next bull run and maybe this kind of institutional money will be the one to do it.
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Aanuoluwatofunmi
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July 08, 2023, 01:02:03 PM |
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When Binance and Coinbase were sued by the SEC Institutions should be afraid, but why are institutions the other way around? Why should they? When they can easily comply to their regulation as part of their protocols duly observed, SEC and centralized institutions will always have this kind of collision but what will determine their outcome is when they comply to their terms and demands, Binance had suffered such recently and now everything seems to go low unlike before when the threat rises from the government in US. institutions even apply for licenses to their respective regulators, and instead open a digital asset service? Well i believe those institutions are looking for more opportunities to come in through this steps you see them taking, they have already invested in bitcoin and sees further the need to satisfy their clients and investors with the securities by applying for spot bitcoin ETF and the likes just to maximize their own offer as personal interest for their organizations to move forward and not to the influence of bitcoin or it network at all.
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Jawhead999
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July 08, 2023, 01:13:50 PM |
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Don't beg for senior members' (including myself) explanation, they also don't know about it since they're not working as the regulators, so they wouldn't know if the institutions will buy Bitcoin or not.
From the last halvings, the institutions weren't join to invest in Bitcoin and yet Bitcoin was still pump. So according from past history, Bitcoin should pump in the next halving. There are no economy problem in developed countries too, so I believe we will see $100K.
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jeraldskie11
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July 08, 2023, 01:24:12 PM |
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We must keep in mind that institutions exist to make money. They are professional traders with extensive knowledge of market analysis, both fundamentally and technically. If we look back in time to when Bitcoin was halved, we can see that the price increased rapidly shortly after. And I'm sure institutions were anxiously waiting for it to happen in 2024 so they could buy in bulk before prices skyrocketed. When so many institutions and whales buy at the same time, the price will undoubtedly rise.
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darkv0rt3x
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July 08, 2023, 01:37:28 PM |
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To answer your question in the title, I am sure that the price will increase when the halving happens and will continue to go up for a few more months after the fact, I say this with confidence because there's already a proof that most peaks in the price of bitcoin coincide with the halving and there's the market history to further prove my answer/opinion. I have my questions about if an halving event is enough to make the price to change in a noticeable manner. I mean, there are so many other factors that, seems to me, to have way more power to make the price fluctuate that I'm not that sure the halving alone will be that much of a game changer in terms of price!
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Bitcoin is energy. Bitcoin is freedom I rather die on my feet than living on my knees!
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buwaytress
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July 08, 2023, 01:49:46 PM |
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I'll say it again here. Institutions weren't sitting around on their hands waiting for CME/CBoE or whatever "tool" that would have supposedly led to an institutional tsunami.
Remember 2017? That was supposed to be a retail-led rally but I always thought it was institutional, behind the scenes. Old money wasn't going to wait around for derivatives. They were already doing OTC buys that year.
So this institutional pipe dream of price explosion... has already happened.
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