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RE: Is the sky falling, or the floor rising?

in LeoFinance12 days ago

A 20% market correction doesn't scare anyone who has been in this industry long enough (it is expected). I don't think these institutions getting into crypto I doing so for profit alone (it is a major goal). Heard elon made over a billion from tesla's initial 1.5 billion dollars purchase of bitcoin. Will he take profit? I don't think so. The goal is longer than we think. Maybe we should play like the institutions--long and unemotional.

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Tesla isn't an institution, it is a corporation, so acts differently. The investment firms however, are only interested in profit, as that is their only real service. They are however invested heavily into many businesses, like BlackRock owns a lot of Facebook, Twitter and Amazon - but at the end of the day, it is all about ROI.

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Well, I just read somewhere that over $4.5B was liquidated in 24hours, which puts things into perspective.

However, I still believe the game now for these institutions and corporations is to have a foothold in the crypto industry. It's a means to their endgame--profit. If crypto does revolutionalize the world they want to be in a comfortable position where they can leverage from it, which makes me believe selling at this point for them isn't much of an option.

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Well, I just read somewhere that over $4.5B was liquidated in 24hours, which puts things into perspective.

On binance, the dip yesterday was 500M in BTC traded in 15 minutes - quite incredible really.

However, I still believe the game now for these institutions and corporations is to have a foothold in the crypto industry. It's a means to their endgame--profit.

Yes it is, which is my point of this article. They are going long and are expecting much higher rates of return than current price offers. Once they have a stack, they are then able to build products and services around them for their clients, so that the real money starts flowing.

Oh, ,yeah - the goal is longer than most people think - though I have always gone very long on these things - though not necessarily without emotion all the time. =)