You are viewing a single comment's thread from:
RE: Why have Institutions been slow to warm up to Bitcoin?
They're scared we're going to sell our BTC after they buy and they don't want to experience the emotions involved with having to survive the lows of BTC bear markets...
Ha, I am sure they don't like feeling they are "late" to the party. Though if they really dig in and look how things have progressed so far, $8k might be incredibly cheap several years from now if things keep growing at the current pace.
Whether they feel late to the party or not, they want to buy in at around $1k. To them, it's more about verbalizing the price point they got in at. They want the feeling of being able to say they called the low and got in cheap...That way when they're doing lines with their buddies up in the Hamptons, they can say look we're not idiots after all.. and ultimately they have the cash to play the waiting game