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https://cointelegraph.com/news/investors-pull-billions-from-stocks-as-new-bitcoin-crypto-options-appear
https://cointelegraph.com/news/bitcoin-skeptic-mark-cuban-invests-in-new-digital-currency-hedge-fund
https://www.nbcnews.com/business/economy/middle-america-crazy-love-bitcoin-n789011
https://www.nytimes.com/2017/08/03/style/what-is-cryptocurrency.html?mcubz=0
http://investorplace.com/2017/08/why-you-should-care-when-hedge-funds-invest-in-bitcoin-ggsyn/#.WaIsZtPyvfA
From that last one: "According to Nick Tomaino’s The Control, ICOs have already raised more than $1.2 billion worth of capital since May 1.
“Over the next year or two, there’s going to be a wall of investor money coming into the space,” Kelly said. “That will absolutely have an impact on [currencies’] price.” In his opinion, this move represents a “stamp of approval” from established financial power players."
If billions of dollars are starting to flood in now, having started at least in May according to that article, and probably earlier then:
1. When does it stop? Seems like we're actually going toward full financial acceptance, which might imply we have another year unless governments fuck it up.
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>>3223612
cont'd
2. Does anyone else think that the crazy high price rises of 2017 are actually due to investors who were quietly taking positions earlier this year, and we're only hearing about it now BECAUSE they took positions? That is, they buy a bunch of coins in secret, then they start telling newspapers that they're starting to get into crypto, so that the price rises after they get in? Otherwise, if they told everyone they were going to buy, prices would rise BEFORE they got it. So if we're hearing about more and more large, mainstream investors getting in now, then it seems safe to assume they actually started getting in months ago, and that's what raised crypto prices so much this year.
Otherwise, how else does crypto go from being something that only enthusiasts think about to something that raised 40x-100x and got everyone in the country talking about it? I don't think it was a grassroots movement, with tons of small people deciding to get in all at once in 2017 that raised the price - most of these people didn't really seem interested until after the massive price rises. I think some build investors just started buying tons of crypto early this year, THEN normies got interested and the prices increased more.
I was thinking, if it does go mainstream then it won't crash until it a little while after it gets mainstream, but if I'm right, it started catching on with mainstream investors 4-6 months ago. We might not have 12-24 more months, but instead like 6-18 more months.
Also, hopefully no crazy laws ruin everything until after the first crash. I remember online poker being huge until governments cracked down on it. It would suck government tries to regulate it to "protect" everyone and ends up causing a crash that devastates everyone, before saying "look! see! it crashed! we need more regulation!"
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bump
Nobody thinks that large, mainstream investors ALREADY started entering BEFORE the massive mooning of early 2017? Nobody thinks that large investors taking positions were actually the cause of the mooning?
If that's the case, then I wonder if the bubble is just getting started, and whether a correction might actually be to a level above today's level. The earliest of the mainstream investors probably won't panic sell... so whatever the prices of various coins were immediately after they entered, that might actually be a floor?
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im reading your long ass blogpost faggot. get a life
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>>3223817
>get a life
/biz/ is my life sorry if thats too REAL for you
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Yes, the fund managers obsessed with pumps have been here for some time, and more normie managers are getting FOMO'd because chad told them he made 100x off NEO at a barbecue
people are dumping money into crypto because their fund budgets are in the millions, and managers with billions want to get their feet wet so long as it doesn't result in losing too much
The tidal wave is coming
You think this is a bubble, you don't realize that every nation has fund managers buying in now
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Total marketcap increased by 50 billion in the last 3 weeks
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>>3223612
So what you're saying is that the couple grand I have floating in crypto right now is going to be worth million in a few years?
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