Quote from: mrjoy15 on Today at 02:20:08 PM

Quote from: avikz on Today at 06:27:27 AM

Quote from: MyCryptoDomains on February 21, 2021, 08:56:04 PM

Anyway, what do you think about this institutional investor thing?

That's a dangerous thing happening! I am not denying the fact that institutional buying has greatly helped bitcoin to reach its current stage. But too much of institutional holding will further centralize the market and since bitcoin market is not regulated, it's pretty easy for them to manipulate it. That's where the problem is!

Corporates have billions of dollars worth cash reserve. They can become a whale in no time! Too much money comes with too much power and that power must not be misused. That's all!

Here we only can speculate, have no single idea what's going to happen. With the much institutional interest this time, perhaps they won't manipulate the market that much but I would still be prepared all kinds of unusual activities. There is absolutely no telling given the entrance of institutional money and I hope the market won't drop like in the past.

The situation before is far different than now. There's a tons of money on the line in the current market while on the previous bull run, Only FOMO traders just buy in which means the orderbook was very thin. Institutional investors will not let the market dump since they have backup funds to DCA in case the price go south.