Re: Why everyone thinks institutions will buy Bitcoins from exchanges?
You see that buying on the trading floor is far more secure than buying black markets and whales,
They will buy for sure because the market is very cheap and if you invest right now your profit will be much higher. Don't miss this opportunity, in any market the bear market is the best to invest time to enter the market. With that thinking when bitcoin drop'd from 20k to 13k same said all, now bitcoin is cheap ..... buy.... then you know the result. With other words... you cannot know where is the bottom, bitcoin dip from 30 dollars to 2 dollars that over 90% drop.
I can almost say with certain that institutions will not buy from exchanges, so price will be unaffected. There are plenty ways to avoid purchasing from exchanges. They will buy external and sell internal
, so price can literally go much more lower, for those who use it as a payment only are not a problem, for traders can be a pain. Remember: Bitcoin is a peer to peer cash system, not a peer to store of value, nor a peer to speculation or peer to trade.
Only then you gonna see the real value of bitcoin, when you start to use it as a payment.
Cheers, hope i do not offended too many traders