Boring, more boring, bitcoin

in #btc6 years ago (edited)

Are you missing the vola days as well? I certainly do. But I am 100% sure those days will come again.

This is typical behaviour in a longlasting correction. It's the calm before the storm again.

Some people say that the vola is gone, because the institional money has started to flow in, but that is total BS!

The CME futures volume is decreasing as well. Big players seem to avoid futures like the plague right now. They want the real thing. The real BTC. But it is extremely hard for them to get their hands on large quantities of BTC. Why? Because there are no good storage providers yet (at least not for reasonable prices).

How do you store 50000+ BTC for every big hedge fund safely and efficiently, user friendly but still available? They don't want that kind of risk on their own hands. So they are searching for insured companies that can offer them to store their BTC safely.

How many of those companies exist yet? Certainly not many. To be honest I don't know a single one.

Until that changes, big institutional money will likely not be able to freely flow into this market.

They have certainly started to buy small quantities on exchanges and store it in cold wallets, but they can't fully commit yet. It is too much risk involved even for hedge funds.

Here is a possible flat correction pattern:

NawvXyDR.png
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Have you heard about UUNIO yet? It is advertised as a better and fairer version of STEEMIT. lol, they base their whole company on being better than STEEMIT. What this says to me is, that the IDEA of STEEMIT is great and revolutionary, but poorly executed.

I have only read about it today. I don't even know if their blockchain is already live. They are still in ICO stage and I am by no means advertising this new platform. I just hope that STEEMIT inc sees this as a potential threat and starts acting accordingly, before the competitors actually are a lot better than the steemit reward system...

UPDATE: launch in August:

https://cointelegraph.com/news/blockchain-network-takes-on-flawed-steemit-by-offering-lifetime-earnings-to-creators

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How do you store 50000+ BTC for every big hedge fund safely and efficiently, user friendly but still available? They don't want that kind of risk on their own hands. So they are searching for insured companies that can offer them to store their BTC safely.

How many of those companies exist yet? Certainly not many. To be honest I don't know a single one.

https://xapo.com/

Thank you for the link. Good to know there is at least one big company to offer safe storage for hedge funds:

"Built on Xapo's industry-leading, secure bitcoin storage platform, Xapo Institutions helps businesses and financial institutions safeguard, organize and manage their bitcoin accounts."
" Secured. Trusted.

"Xapo has been described by The Wall Street Journal as the Fort Knox of bitcoin storage. So if you’re looking to secure your bitcoins, then look no further than the Xapo Vault. We’ve developed a new standard of bitcoin security so you can rest assured that your money is safe as it can be."

Thanks for the link and info on Uunio, bro... Interesting information to look into for sure...

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Indeed. Every month I read the big money is coming , the institutional money is coming , ...

No it will not. Not yet anyway. There is too much risk. Too much people being ripped off. Too many shitcoins.

We need regulations and they are incoming.

I think regulation will only benefit institutions and screw the retail investors!

Interesting point on insurance companies for crypto!
We should see more ICO for those type of projects

@ew-and-patterns, nice to have you back. What do you think about steem price, are you buying below 1.5 ? Secondly, besides UNNIO, have you heard of others social platforms on top of EOS ?

I know it is super greedy, but I am not buying more STEEM unless it's on sale for 1$ or below. That might not happen, I know. But I would be willing to invest more @ higher prices when BTC finally resumes the uptrend.

No I don't know any social platforms on top of EOS.

Haha, yes below 1 is great to buy. I don´t know an specif social platform on EOS neither, buy I heard that is being planned too. bis bald

Now, it's seems it could happend..

Hope that vola days comes soon .

I am missing those more than i miss my girlfriend :p

sounds like a healthy relationship :p

hahahahaha :p You got it right ;) Btw i don't have girlfriend, i was just kidding :p

I say I miss them now...but truthfully...they were exhausting as well....its easy to say now knowing what I know...would have cashed out more at the top...but lessons learned...

I do miss those Days but I am currently in Preparation Mode where I am Buying Coins left and right so that when the Bull Run Comes I come out at Top.