Post
Topic
Board Speculation
Re: bitcoin bear chart
by
MatTheCat
on 23/12/2013, 22:08:41 UTC

And if that article rings true, do you think the Big Boys are going to be piling into Bitcoin at $1K per coin or whatever ludicrous ATH all that 'naive' Wall St money pushes Bitcoin to, or are they more likely to be buying in at unfathomable lows. If such institutional investors are entering the market for the long term, do you think it would be beneath them to push the market much lower in the short-term, and hold it there, having it drag along the depths as they slowly take their positions?

See, you posted a bear article without even realising it.

The Big Boys will be buying low. After they have severely restricted the volume of 'free Bitcoin' in circulation, everyone else will push Bitcoin up. They will make huge profits, other people might also do ok, many othres may find themselves 'actually using' Bitcoin, but in the long long run, most investment capital that goes into Bitcoin will lose value.......no different from any other asset class that ever did exist.