5 ms·

Seems weird to me there are institutional investors in BTC when there are things like this going on.

dumbfoundded 6y ago
The FOMO is real. Everyone will continue to keep a blind eye to the actual dynamics until the bubble pops. No one wants to crash the party. There is a lot of value being created in the BTC ecosystem. Very little of the price changes reflect this. Probably the best course of action is to sell 30 to 50% and then buy the dip in 9 to 12 months. That's my personal plan.
- freebuju 6y ago
  Except the dip is coming sooner rather than later. History has always taught us BTC to come down after Dec/Jan. Gotta have the engines of the market ecosystem churning somehow. Also like you I plan on adding more when it dips low so I can cash out later this year when it historically moons again.
Acrobatic_Road 6y ago
the people putting down deposits for tether are institutional investors.
- riku_iki 6y ago
  Are such investors allowed buying unregulated securities?
  - DSingularity 6y ago
    Why do you think such regulations would apply to such institutions or apply in a way they cannot legally circumvent? These regulations were made for a reason and it is not to limit investment to those sanctioned by the federal government.
- PragmaticPulp 6y ago
  Why are they buying Tether instead of simply buying Bitcoin? It's 2021. It's not hard to buy BTC at the institutional scale any more. Why arbitrarily go through a middleman to buy USDT, then use that same middleman to sell your USDT for BTC?
  - Scoundreller 6y ago
    It's usually exchange driven. A lot of the "no-KYC" ones don't have any banking relationships, so if you want your money in not-crypto, USDT a way to do it. Either on the exchange, or to move between exchanges.
PragmaticPulp 6y ago
On the contrary, this might be why institutional investors are rushing into Bitcoin. It's a near-perfect venue to capitalize on fraud, and it's easy for others to ride the coattails of that fraud. In 2021, Bitcoin is relatively liquid. They can quietly exit their positions at some point when they suspect a collapse is around the corner. Of course, you won't see announcements that these investors have sold their BTC until they're bragging about it after the next crash. They only announce BTC purchases because it drives follow-on investments, which drives the price up for them.
spyder 6y ago
And this too: US Federal Regulator Says Banks Can Conduct Payments Using Stablecoins https://www.coindesk.com/occ-banks-stablecoin-payments https://www.coindesk.com/occ-banks-stablecoin-payments

The FOMO is real. Everyone will continue to keep a blind eye to the actual dynamics until the bubble pops. No one wants to crash the party. There is a lot of value being created in the BTC ecosystem. Very little of the price changes reflect this. Probably the best course of action is to sell 30 to 50% and then buy the dip in 9 to 12 months. That's my personal plan.

freebuju 6y ago
Except the dip is coming sooner rather than later. History has always taught us BTC to come down after Dec/Jan. Gotta have the engines of the market ecosystem churning somehow. Also like you I plan on adding more when it dips low so I can cash out later this year when it historically moons again.

Acrobatic_Road 6y ago

the people putting down deposits for tether are institutional investors.

riku_iki 6y ago
Are such investors allowed buying unregulated securities?
- DSingularity 6y ago
  Why do you think such regulations would apply to such institutions or apply in a way they cannot legally circumvent? These regulations were made for a reason and it is not to limit investment to those sanctioned by the federal government.
PragmaticPulp 6y ago
Why are they buying Tether instead of simply buying Bitcoin? It's 2021. It's not hard to buy BTC at the institutional scale any more. Why arbitrarily go through a middleman to buy USDT, then use that same middleman to sell your USDT for BTC?
- Scoundreller 6y ago
  It's usually exchange driven. A lot of the "no-KYC" ones don't have any banking relationships, so if you want your money in not-crypto, USDT a way to do it. Either on the exchange, or to move between exchanges.

PragmaticPulp 6y ago

On the contrary, this might be why institutional investors are rushing into Bitcoin. It's a near-perfect venue to capitalize on fraud, and it's easy for others to ride the coattails of that fraud. In 2021, Bitcoin is relatively liquid. They can quietly exit their positions at some point when they suspect a collapse is around the corner. Of course, you won't see announcements that these investors have sold their BTC until they're bragging about it after the next crash. They only announce BTC purchases because it drives follow-on investments, which drives the price up for them.

spyder 6y ago

And this too: US Federal Regulator Says Banks Can Conduct Payments Using Stablecoins https://www.coindesk.com/occ-banks-stablecoin-payments https://www.coindesk.com/occ-banks-stablecoin-payments