a lot of us here know how great bitcoin is, and so we expect huge money in the shadows all the time.
I challenge this for two reasons;
- institutional money is timid to enter the exchnges. it is a lot of risk to hold millions of dollars on an unregulated exchange.
- not everyone thinks it's great! we are in good company, but never far from a bitcoin basher. we would be wise to expect corrections to natural fibonacci levels than guessing that the illuminati is ready in the wings to buy billions of dollars of bitcoin!
I challenge this for two reasons;
- institutional money is timid to enter the exchnges. it is a lot of risk to hold millions of dollars on an unregulated exchange.
- not everyone thinks it's great! we are in good company, but never far from a bitcoin basher. we would be wise to expect corrections to natural fibonacci levels than guessing that the illuminati is ready in the wings to buy billions of dollars of bitcoin!
Let me remind you that facebook bought whatsapp for 19 billion USD.
One of the differences with bitcoin is that it remains very difficult for any new investor to come into bitcoin and to acquire large holdings without causing the price to be upwardly affected. Certainly anything even approaching 1 billion in bitcoin would take time to acquire.