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Author Topic: the adoption of Bitcoin in institution  (Read 319 times)
SmartGold01
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July 20, 2023, 10:32:50 AM
 #21

I can categorically say that whatever institution that is adopting bitcoin does not adopts it for adopting sake, some of these institution are solely on profit maximization and also sometimes controls and manipulate the market to which they wanted. We often know it attributes to the rate at which bitcoin spread across the globe but even as that I don't think there's no one today who is buying bitcoin without the intention of making profits include you and I that here today. Let say, being in this forum gives you a better understanding on how to effectively understand the importance of bitcoin and it's security aspect.

I think we have to overlook and stops criticising when and institution ventured and start accepting bitcoin to their general development that would lead to a better exposure of their products and services. I believe today any institution that start accepting bitcoin today are in the forefront above others and it eases ways of transactions and bring new opportunities to the entire institution as well as promoting the max adoption of bitcoin.

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July 20, 2023, 11:14:30 AM
 #22

Institutions are manipulative, this is what you should have said, buy dumping? Nah mate, they dump to get rid of the weak hands in the market, institutions money are big and when they create some fear in the market they are always the first ones to buy back the dips, You are not getting this whole thing, Bitcoin is like gold, those who dumps and never look back have no idea what Bitcoin is, and institutions understand this very perfectly, if you are still thinking the same way you are right now you are been fooled, you would probably end up selling your Bitcoin for cheap price because you don't understand why and how Bitcoin is so demanding.

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July 21, 2023, 04:14:28 AM
 #23

Bitcoin is constantly evolving and many organizations are paying with Bitcoin. Transactions by Bitcoin have been introduced especially in large traditional companies. If we look at a country we can see how Bitcoin has improved their institutions. For example, since El Salvador officially approved Bitcoin here, they have gradually led the country to prosper economically. And now institutions have introduced Bitcoin transactions in all sectors including various factories and vehicles and very easily it pays people quickly. And Bitcoin has helped them a lot to advance this position as a strong framework for the country. So significantly the primary industries of any country using Bitcoin can improve.

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July 21, 2023, 06:54:56 PM
 #24

I believe the adoption of Bitcoin by institutions has been slowed by their lack of ability to get exposure to BTC through traditional markets. Many don’t want to develop their own plans to hold BTC and some of them probably don’t want to lay high fees to places like Coinbase to act as their custodian. I think it’s likely that spot ETF approvals will open many doors for investment by institutions and large corporations.

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July 21, 2023, 07:49:28 PM
 #25

The institutions that buy Bitcoin are all whale investors who are just after profits maximization and at that they do not add anything to the Bitcoin ecosystem unless for the normal market fluctuation while institutions move their coins around and cash out and In using the DCA approach to take profits and buy in when the price is at a discounted level.

But institutions contribute almost nothing to the adoption of bitcoin and their have not promoted it in any way, since some of them don't even announce their Bitcoin holding
There is different between institution buying bitcoin and adopting bitcoin, buying bitcoin by an institution is a personal investment which does not affect everyone institution but few interested ones. But adopting bitcoin by an institution is meant for everyone. Both payments of school fees and other clearance and documentations are all involved with the use of bitcoin. Institution adoption of bitcoin has a very big impact on the development of bitcoin because it teaches all the students in the institution to know bitcoin. So it is very much important to teach bitcoin in school. I have done that so I know the important of it.

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July 21, 2023, 08:03:46 PM
 #26

The institutions that buy Bitcoin are all whale investors who are just after profits maximization and at that they do not add anything to the Bitcoin ecosystem unless for the normal market fluctuation while institutions move their coins around and cash out and In using the DCA approach to take profits and buy in when the price is at a discounted level.

But institutions contribute almost nothing to the adoption of bitcoin and their have not promoted it in any way, since some of them don't even announce their Bitcoin holding

I would not say that the institutional whale investors do not do anything for Bitcoin from an economical standpoint. Obviously they are one of the main drivers of the price of Bitcoin, actually. Without their demand for such large amounts of Bitcoin, we would see Bitcoin go up, definitely, but at a much slower rate and no pumps above a few percent at a time. The price fluctuations as they are today, or as I call them: Opportunities for buying more Bitcoin, would not really exist to the point we know them now.

Well, either way, institutional investors need Bitcoin but Bitcoin does not need the institutional investors. This much I believe to be true, at the very least.

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July 21, 2023, 08:19:45 PM
 #27

I can categorically say that whatever institution that is adopting bitcoin does not adopts it for adopting sake, some of these institution are solely on profit maximization and also sometimes controls and manipulate the market to which they wanted.
Let's just say that most of them are like that. They have known for their foundations and that's truly for profiting sake and not for the adoption's sake.

Wherever money is, they'll chase and follow it. Thus, they're going with the crowd that adopts bitcoin and they see that there's a market on it that's going nowhere but into its growth.

That is the reason why we see of these known economists and bankers have bashed Bitcoin before and told a lot of negative things on it, so that they can get in cheaply. They know how to enter this game.

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July 21, 2023, 08:43:45 PM
 #28

In many educational institution,the bitcoin was taken as the fee.This was the biggest achievement of the cryptocurrency and the bitcoin.If this continue in all the country,it will create a biggest demand for the bitcoin in the market.So the many people will start to buy more amount of crypto to their future and the children fee can be paid with some profit from the investment.Many people from various country was look into the cryptocurrency as their mode of payment.They also consider bitcoin for the future assets for their children.

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July 21, 2023, 08:45:36 PM
 #29

Snip
That is the reason why we see of these known economists and bankers have bashed Bitcoin before and told a lot of negative things on it, so that they can get in cheaply. They know how to enter this game.

Anyone who wants to venture into bitcoin investment or wanting to adopt bitcoin as a means of payment in their business shouldn't look what others may say at the cost of taking such decision as I believed they would always be a criticism and discouragement why they should start implementing that action into their business. Where as, there are lots of secret people who holds bitcoin and they often come openly to discourage people not to venture into bitcoin due its volatility levels but back in them they had some serious amount they've already hold and, they only does that to manipulate the price in other for them to hold higher volume as before.

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July 21, 2023, 08:51:26 PM
 #30

That's right, they already know BTC is a potential coin and the proof is as you said with many companies and businesses accepting payment alternatives in several transactions using BTC and many financial institutions are also starting to get into this asset. Will this be a big move for BTC in the bull season?
That could be a pretty good move for Bitcoin to weather its predicted bullish season next year, as it should definitely pay off pretty well for Bitcoin even though Bitcoin still needs some boost in another fashion from now on for its price increase to be very different to previous years when the bulls come. I also hope that next year there will be more companies willing to accept Bitcoin for payment so that the price increase can be more significant for Bitcoin in the market.
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July 21, 2023, 09:20:15 PM
 #31

I think it's great and all that but what people, especially some bitcoin maximalists here fail to consider is that no matter how big or small the infrastructure is, the decision to use bitcoin will lie in the hands of the common joe. These companies no matter how big or how rich they are, unless they forcefully make the people use bitcoin, will not be able to persuade the public to use it. In some cases such as BlackRock purchasing bitcoin this may even be seen as a bad thing as for someone who's in the industry, whales, corporations, and central governments have been one of our biggest unsung enemies. So yeah, it's good and all cause they drive bitcoin's price higher, but at the end of the day if you're looking for adoption, it's still going to be up to the people.

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July 21, 2023, 09:33:07 PM
 #32

In my own understanding the adoption of Bitcoin by institutions refers to the growing interest and involvement of traditional financial institutions and large organizations in Bitcoin as an asset and technology.
Unfortunately, this is not as easy as we would expect, especially if it involves payment instruments in an institution, especially in a country where regulations and regulations for cryptocurrency are quite strict. It won't be that easy for crypto to be used as a means of payment even if the institution wants it, because there are laws and regulations that they must comply with or they will be penalized.
And if it's related to involving crypto in certain institutions, then maybe it's just related to knowledge, including crypto in one of the introductions, or something else that can broaden knowledge about crypto for people in these institutions or people who see it. It sounds easy enough to implement crypto in an institution, but in reality it won't be that easy.

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July 21, 2023, 09:46:49 PM
 #33

In my opinion, several factors have driven institutions to this adoption as you say... Among these I would say the recognition of the potential of Bitcoin as a form of diversified investment, the existence of institutional investment vehicles that allow companies and funds to function in the cryptocurrency market and greater regulatory clarity in some countries, as we have seen in several cases, Germany, El Salvador... On the other hand, the support of influential figures, such as businessmen, investors and financial leaders, has also contributed to the institutional adoption of Bitcoin. As prominent figures express their support and actively participate in the market, this increases confidence in Bitcoin as a legitimate investment.
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July 21, 2023, 10:14:02 PM
 #34

The institutions buying Bitcoin play a very dirty game in the beginning, you may know that the biggest names try to throw down the image of Bitcoin in the market so that the price drops and they can buy Bitcoin for a cheap price as they want to invest millions of the fund they have. And once it goes down, they buy it via OTC and other methods and release a statement how good Cryptocurrency and Bitcoin is for future payment methods. Silly Cheesy

Well, they wanted to profit from their trades so they will do everything possible to make it happen.  I can say it is not dirty since it is normal to do evrything to get profit as long as they don't manipulate the market.  Yes, they can implement strategies that can affect the thinking and decisions of traders but such strategy is normal in a booming market.


In my opinion, several factors have driven institutions to this adoption as you say... Among these I would say the recognition of the potential of Bitcoin as a form of diversified investment, the existence of institutional investment vehicles that allow companies and funds to function in the cryptocurrency market and greater regulatory clarity in some countries, as we have seen in several cases, Germany, El Salvador... On the other hand, the support of influential figures, such as businessmen, investors and financial leaders, has also contributed to the institutional adoption of Bitcoin. As prominent figures express their support and actively participate in the market, this increases confidence in Bitcoin as a legitimate investment.

No matter what it is the common ground is that they wanted to take advantage of the opportunity that the Bitcoin market offers.  Their main goal is to take a profit and grow together with the industry. If they don't find any profit on the venture, I doubt they would even pay attention to Bitcoin.

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July 21, 2023, 11:11:27 PM
 #35

In my opinion, several factors have driven institutions to this adoption as you say... Among these I would say the recognition of the potential of Bitcoin as a form of diversified investment, the existence of institutional investment vehicles that allow companies and funds to function in the cryptocurrency market and greater regulatory clarity in some countries, as we have seen in several cases, Germany, El Salvador... On the other hand, the support of influential figures, such as businessmen, investors and financial leaders, has also contributed to the institutional adoption of Bitcoin. As prominent figures express their support and actively participate in the market, this increases confidence in Bitcoin as a legitimate investment.
From the poorest to the richest we do our best to try obtain a favorable outcome despite the circumstances we could be in, and some institutional investors have noticed that this is probably not the best time for them to expand their business, however if they have a lot of cash in hand then what to do with it? And the best thing for them to do is to acquire assets they believe may perform well, and some of those institutional investors have decided to use bitcoin as a way to store their wealth.
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July 22, 2023, 05:40:38 AM
 #36

Snip
That is the reason why we see of these known economists and bankers have bashed Bitcoin before and told a lot of negative things on it, so that they can get in cheaply. They know how to enter this game.

Anyone who wants to venture into bitcoin investment or wanting to adopt bitcoin as a means of payment in their business shouldn't look what others may say at the cost of taking such decision as I believed they would always be a criticism and discouragement why they should start implementing that action into their business. Where as, there are lots of secret people who holds bitcoin and they often come openly to discourage people not to venture into bitcoin due its volatility levels but back in them they had some serious amount they've already hold and, they only does that to manipulate the price in other for them to hold higher volume as before.
Well, to be honest, everyone, institutions and individuals that are trying to enter to the market doesn't really go for the use case of it as a means of payment.

But we're all aware that we're all here for the same reasons and that's for Bitcoin being used as an asset, as a store of value. This tactic of discouragement in the public is known to the many when we've seen negative news has came.

Don't take them heavily because they're all here for the same reasons as us. They're not here for the tech, they're here for the money.

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July 22, 2023, 08:22:11 AM
 #37

There was a time of great hope that institutional investors would not only bring Bitcoin to new highs but also help stabilize its price, making Bitcoin less volatile. As it turned out, big companies can pull out their investments and support as fast as regular investors, so they don't really change the market. There are some big companies that accept Bitcoin as payment and some that invested funds into Bitcoin, but I don't see any major improvements in the rate of that adoption either. In the end, relying on institutional investors is probably not justified.

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July 22, 2023, 08:36:36 AM
 #38

The institutions buying Bitcoin play a very dirty game in the beginning, you may know that the biggest names try to throw down the image of Bitcoin in the market so that the price drops and they can buy Bitcoin for a cheap price as they want to invest millions of the fund they have. And once it goes down, they buy it via OTC and other methods and release a statement how good Cryptocurrency and Bitcoin is for future payment methods. Silly Cheesy

Yes these institutions are really mean. They use us for their own profit. They buy Bitcoins in low price and when the price goes up, they again sell it making tons of profits. This was previously done by Elon musk with Dogecoins. They use the fake hype for their own benefit and the middle common man like us, suffers a lot. We can’t do much about it. We can only watch and either support the decisions of the institutions or can just say against them. This is the reality with these types of institutions.

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