Institutional buyers are coming

[SuperCrypto 7193]

I think that the most important event that happened recently is the entry of the largest digital electronic bank into the world of crypto and allowing its users to buy and trade bitcoin. Where Paypal joined the cryptocurrency market. This is a worldwide encouragement to use these virtual currencies.

[duncun007 3577]

4 hours ago, SuperCrypto said:

I think that the most important event that happened recently is the entry of the largest digital electronic bank into the world of crypto and allowing its users to buy and trade bitcoin. Where Paypal joined the cryptocurrency market. This is a worldwide encouragement to use these virtual currencies.

i think many people got too excited about the paypal news without even knowing whats it about, paypal is doing this to increase its revenues, because they are not allowing anyone to deposit or withdraw bitcoin from their accounts.

[Fixfin 2569]

Bitcoin didn't back before anything and it is only starting the engines. The rocket is in launch mode and it will begin the journey and countdown ends at new all time high, after that it will be a rocket launch that will send to the new cycle.

[yonkii 3205]

It looks that the good news are coming non stop for Bitcoin. Institutional buyers are definitely coming and they have just started. I can't really imagine what will happen with hype in institutional investors and asking for buys of hundreds of millions of dollars. This will bring price into territories of hundreds of thousands of dollars that people laughed when we were reading these predictions.

[Syedbesharat 5423]

Gaining favours of institutes is good news where the companies can use Crypto as payments and for dealing. The trading will be globally and both parties can send ,receive their payments with in few minutes. But the price control problem isn't solve because of whales they pump and dump the price. so the backlash comes to these institutes. 

[sarahmoses202020 251]

It is amazing to find those huge buyers coming into crypto. At least it gives us hope that it isn't just individuals that are in crypto but also institutions and with that in mind we would be able to make our decisions freely.

[duncun007 3577]

17 hours ago, Syedbesharat said:

Gaining favours of institutes is good news where the companies can use Crypto as payments and for dealing. The trading will be globally and both parties can send ,receive their payments with in few minutes. But the price control problem isn't solve because of whales they pump and dump the price. so the backlash comes to these institutes. 

yea those big institution is what bitcoin needs to be more approachable to the public, just like how paypal will allow more people to invest their money in crypto, and when we have more users buying and selling bitcoin we will make it harder for whales to manipulate the market.

[Omar Ommeish 4872]

In addition to what you mentioned, many companies have become dependent on cryptocurrency as a means of payment because most of the purchases are made through the Internet due to the spread of the Corona virus.
I have no idea about the names of companies that may join the crypto in the future, but I think it will be a good choice for all international companies.

[khan22 3478]

On 10/10/2020 at 2:38 PM, duncun007 said:

For a long time we have been waiting for institutions to start buying bitcoin, and we finally started seeing them coming as we have seen Michael Saylor the CEO of mircostrategy announced that they now own 38,250 bitcoins, that is now worth about 435 million dollars.  Yesterday we saw that the company Square announced that they bought a 50 million dollar worth of bitcoin, even tho its a small amount compared to microstrategy holdings but still a big step towards the acceptance of crypto in general.

I personally think during this pandemic most people ,and companies as well, started looking for new investments and crypto seems like the easiest to learn and to get into, and it has a bright future, also the high volatility in the market will make you some good money. Alongside that, the anonymity that crypto provide to its users will attract many people that search for privacy.

Now as bitcoin rallies back up to 11400$ my question to you is...out of the big institutions, who do you think will be coming into crypto next?.

Day by day peoples will enter in the Crypto market and they invest huge amount of money becasue they know that crypto market will give them good profit than the other business and i hope soon the crypto market is going to be legal and those whose invest in the Bitcoin and also in the other coins they make good profit at that time becasue this time bull BTC will touch the 200,000$.

[cryptovlek 2597]

The miners co ordinated some sales recently and they were absorbed very easily by the market. Even traders that took profits at 15800 now think of their move again and are rebuying between 15000. This two years high price is not the end of this bull run but the beginning of the next phase of bitcoin bull market. It is institutions buying and not going to stop for a while.

[percare 3192]

On 10/10/2020 at 12:38 PM, duncun007 said:

Now as bitcoin rallies back up to 11400$ my question to you is...out of the big institutions, who do you think will be coming into crypto next?.

I had a prediction of $15k for November and we are already there. My next prediction was $20k for December but maybe it will be sooner than that and it can be anytime that bitcoin can start rising and even in a few days can be in a new all time high.

[Sykkuno 2887]

The institutional money is investing in Bitcoin for some time now and it will be even more coming with more funds. There are trillions of dollars looking for higher risk and will keep looking and Bitcoin will get hundreds of billions in investments in the next year. It is now an accepted investment as we can read from the last opponents that were banks to have given a buy signal.

[duncun007 3577]

On 11/10/2020 at 11:05 AM, khan22 said:

Day by day peoples will enter in the Crypto market and they invest huge amount of money becasue they know that crypto market will give them good profit than the other business and i hope soon the crypto market is going to be legal and those whose invest in the Bitcoin and also in the other coins they make good profit at that time becasue this time bull BTC will touch the 200,000$.

200,000$ per bitcoin? now that's an insane price which i dont think bitcoin will possibly reach, yea there is more investors coming to crypto but i think 30k might be the top price to reach.

[kyoukage01 3181]

How about an update on what those institutional buyers are doing right now? BTC price has been consistently high for around a month now and even briefly touched $20,000 at some point.

 

And those institutions themselves are not the only ones to be pointed out. The high-ranking individuals working for those institutions may deal with cryptocurrencies independently as well if they so wish. The institutions they are working with may or may not be responsible for their personal decision, but may still be affected if those individuals' association with cryptocurrencies becomes publicized.

 

[pablomarwan 3082]

On the one hand, this strategy is profitable and sometimes brings profits and losses. There is an aspect that you might fall into is that people are now dealing with reliable platforms and you must have years of experience in order to gain new customers. That is, some money must be lost at the beginning of the platform's creation, for more profit.

[Goyaa 2414]

With a pandemic like today, many large companies are turning to bitcoin investing because the profits are much better than buying stocks, because we know the stock market is unstable, especially now that many countries continue to increase their debt. For this reason, an easy and realistic way and a safe alternative is to store assets in the form of cryptocurrency and bitcoin because they are safer and are not affected by the global crisis.

[susan8929 811]

You are right, this is the cycle of institutional investments. In the last few weeks some companies have continued to buy Bitcoin, even with the price above 20k. 
I think that will continue to happen during the next months.
Regarding your question, I think that the price of Bitcoin will continue to increase during the next months and, at some point, the dominance of btc will drop quite a bit and most cryptocurrencies will go up considerably.

[zeshan1122 654]

do you know what does that means? that means it is not too late to buy and hold the bitcoin or you can say in investing in the bitcoin as it will grow fastly  now and the chances of earning are more too.

[Whited35 15285]

On 10/10/2020 at 3:23 PM, duncun007 said:

For a long time we have been waiting for institutions to start buying bitcoin, and we finally started seeing them coming as we have seen Michael Saylor the CEO of mircostrategy announced that they now own 38,250 bitcoins, that is now worth about 435 million dollars.

It is looking normal now but in future, if such bigger institutions keep purchasing a massive amounts of Bitcoin and later they make partnerships to play in market, it will bring the serious problem in the mass adoption trends of Bitcoin in this world as small retailer users will be struggling to hold certain amounts of Bitcoin for their effort. 

[Roan 2166]

This is true, my friend, since the beginning of the Corona virus, companies began to search for a good investment place and found in digital currencies the best place, so they bought large quantities of Bitcoin, and this is what helped to raise its prices significantly in light of the Corona virus

[David84 1191]

The data and the news are very promising... such huge companies or institutions will not invest in something unless they are one hundred percent sure that it is a success and that it will bring them profit... so this tells you where the Bitcoin is heading towards and we will see huge numbers.

[Naseer Ahmad78 721]

I think that many of the countries and different companies are using crypto currency because of high security and privacy,in my country hoop so i will enjoy all payments in crypto currency and it is getting more popularity all over the countries.crypto currency is giving a lot of profit that's why companies are investing in crypto industry,i personally like this forum.

[Msh9 84]

Yes, this is true. The members who come should follow the same way and develop this forum in order to continue working until the end and remain in preservation of continuity.

[velasco19 1753]

Right now we are seeing the enormous interest in Bitcoin from investors and big companies, in fact there is competition among the big ones to buy BTC and that is making the price go up due to the high demand, recently MicroStrategy is betting strongly and is encouraging the income of other companies and that in the end is good for the price of Bitcoin.

[khan22 3478]

Now the bull is start and the institutional CEO and the companies owners will start to buy the BTC and also other crypto currencies and i hope soon this is going to be legal in all over the world.