Fidelity Report: Over 80% of Institutions See Value in Bitcoin
Fidelity surveyed over 800 institutional investors (hedge funds, money managers, pension funds, endowments, etc) and found that the vast majority of them see long-term value in Bitcoin. The 2017 bull run was led by everyday people (retail investors) getting into Bitcoin, but I think the next bull run will see significant participation from institutional investors. This Fidelity report comes at the heels of record-breaking institutional Bitcoin derivatives volume, a bullish report from Bloomberg, and massive new inflows into Grayscale’s GBTC investment trust. I wrote more here.
Bitcoin on Twitter: "The "store of value" narrative promoted by BTC maximalists like @saifedean looks a lot more ridiculous now that BTC is down nearly 80% YTD. It was irresponsible to ever promote Bitcoin as a "store of value." Bitcoin is p2p cash, not a get rich quick scheme."
Bitcoin has lost almost 80% of its value since December, while Eth has lost 91% of its value since January.
For a lot of these "projects" there isn't much lower to go, even though a lot of you seem to fixated on them hitting zero before you actually recognize it. Truth is that for a lot of these coins, zero has already been hit. Bitcoin cash has lost 94% of its value since its introduction. The amount these currencies would need to gain in order to just break even is ridiculous, bitcoin needs to do 1000%+ in growth for it to break even with its previous high. Why would it do it? Because you believe in it? Because you staked everything on it. This speculation is like the gold rush without the gold, the oil boom without the boom. Its just prospecting with the hope that the market on land will someday return. Well, here's some news. With no gold under those mountains, the markets never coming back. Bitcoin is a great concept, but a concept that has been bastardized after years of mutilation.
Bitcoin on Twitter: The "store of value" narrative promoted by BTC maximalists like @saifedean looks a lot more ridiculous now that BTC is down nearly 80% YTD. It was irresponsible to ever promote Bitcoin as a "store of value." Bitcoin is p2p cash, not a get rich quick scheme.
06-29 17:33 - 'Hi. Really need help . I don’t know about bitcoin but now I have to know about bitcoin can help mewhat’s that red box number . Balance reduced by 80 from 00to 00That number is market value? Or individual accoun...' (i.redd.it) by /u/Wanabeblue removed from /r/Bitcoin within 274-284min
BCH wasn't décentralised. 80% of node were ABC, bu and xt had no choice but follow Amaury the dictator. Brainwashed follower are now ready to fork the algo of BCH away from us (miner). We are the why and how bch happened in the first place! We want Bitcoin smart contract, a store of value and cash.
05-06 05:23 - 'Hahaha, what the fuck are you talking about? Bitcoin went from almost $20,000 at the end of 2017 to around $4000 at the end of 2018. If a stock market lost 80% of it's value in a year then it'd be one of the worst stock mar...' by /u/0f6c5a440a removed from /r/worldnews within 0-10min
''' Hahaha, what the fuck are you talking about? Bitcoin went from almost $20,000 at the end of 2017 to around $4000 at the end of 2018. If a stock market lost 80% of it's value in a year then it'd be one of the worst stock markets in the world. That's on par with the 1929 Wall Street Crash. Stop shilling for a shitty crytocurrency that's fucking terrible with scaling just because you lost a ton of money on it. ''' Context Link Go1dfish undelete link unreddit undelete link Author: 0f6c5a440a
Are Bitcoin going to lose 80% of it's value in two weeks?
In Bitfinex, we already able trade the split coins. I can see that BTC1~=$5000, and B2C (Segwit2x)=$900. Let's assume that those values will stay until block 494K, the real fork. 90% of the miners will mine the new protocol. The old protocol, will not have enough miners, so there will be no new blocks, or confirmation. The core Bitcoin, will stop working. In this scenario, everyone will enjoy from free cash of $900 per BTC, while losing $6000 for each BTC you have. What is the chance/risk that something like this may happen? I know that miners have the incentive to go to the more profit network. But, if they chose to stay in Segwit2X, it's maybe a big problem. It may take a long time to B2x to fix from $1K to $6K again. Do I wrong in my logic?
Bitcoin on Twitter: "The "store of value" narrative promoted by BTC maximalists like @saifedean looks a lot more ridiculous now that BTC is down nearly 80% YTD. It was irresponsible to ever promote Bitcoin as a "store of value." Bitcoin is p2p cash, not a get rich quick scheme."
Bitcoin on Twitter: "The "store of value" narrative promoted by BTC maximalists like @saifedean looks a lot more ridiculous now that BTC is down nearly 80% YTD. It was irresponsible to ever promote Bitcoin as a "store of value." Bitcoin is p2p cash, not a get rich quick scheme."
It's estimated that 1% of Bitcoin holders are sitting on 80% of the total value. Isn't this the kind of extreme unequal wealth distribution we're trying to get rid of?
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