Quote from: amishmanish on March 22, 2022, 01:34:22 PM

Quote from: Myleschetty on March 22, 2022, 01:08:25 PM

Quote from: Oshosondy on March 22, 2022, 04:59:49 AM

Quote from: mk4 on March 22, 2022, 03:55:47 AM

Fun fact: we're already halfway away from the next Bitcoin halving(or halvening, whatever). It totally felt like the last halving was just less than a year ago.

That is true, we are getting near to fomo period, the time people that are ready to buy massively, the period six digits wouldnbe possible.

Judging by the trend of the market. I think we're already in the period of fomo cause institution investors appear to accumulate more Bitcoin when deep than we think and most individual investors that notice this decision of the institution now appear to hold than selling

This has been said for a long time now. Does anybody really believe that there is a thing called as "institutional FOMO". Institutions don't FOMO, they create and guide the conditions that lead it it.

When we talk about institutions, we aren't talking about companies owned by people like Musk, Saylor or Jack who are into Bitcoin because they believe in it. When it comes to wide scale adoption, there is no escaping the "institutions". They will leave no stone unturned to ensure that crypto does not become some sort of safe harbor for the billions of "consumers" on which whole economies depend. As far as capitalists are concerned, Saving is bad for them. I doubt they will simply let things go so out of hand that people can just sit in Bitcoin and keep getting returns from it.

While that really would be an ideal state, the plain fact that Bitcoin distribution itself is far from perfect, means that even if such a system comes into being, it'll only be a replication of the old one, albeit with new power centers. Bitcoin is basically our collective bet on such a future. Those who want to take the bet, buy bitcoin.

In a time when fiat currency appears to be obsolete, only a naive institution won't seek an option in Bitcoin, and by looking at the acknowledge Bitcoin gained in a couple of months is now in the realm of join it or missing out. Meanwhile, the market itself has made us know, normally we usually see huge market correction during this season but not any among and a lot of companies like Grayscale are getting more institutional investors almost every week.