A Shitload Of Money Is Probably Coming To Crypto, Yep That Is An Exact Measurement :p
I came across an interesting article about Coinbase. If you do not know what coinbase is it is a crypto exchange. And apparently they have a lot of money coming into their platform. How much? 10 billion dollars. And this is not money from everyday investors but big money investors who are ready to enter the crypto world. Before the tools didn't exist for safe movement of large funds but that is going to change.
I don't need to say the effect this could have on the market. And the biggest factor is this is money from a new sector, a sector with a lot of money that has been standing on the sidelines. This will bring in a new era that will turn crypto into an an established asset. This will bring in a lot of trust to the market and further push the industry.
Will be great to see the effect that it is. I also want to see what happens when we get to a point where really see the coins as they do gold, it will be a different world.
Here is the link for more info:
http://fortune.com/2018/05/18/cryptocurrency-coinbase-bitcoin-wall-street/
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In the crypto world all timelines are hyper accelerated. There is tons of hype expecting this big money to come into the market any day now. In one respects it sucks to wait, but it also provides more of an opportunity to get into more positions before we are looking back at some of the most promising sub $1 tokens like we're looking back at Ethereum, Litecoin, Monero, and others now.
I assumed that your phrase, "shit load", was either click bait or some kind of crypto-ese lingo I hadn't learned yet.
But a $10,000,000,000.00 investment, in my humble opinion, qualifies to be defined officially and in every other way and/or language as a SHIT LOAD of money.
When this money comes in, big names like Buffet and Gate may consider investing on cryptocurrency. Cryptocurrency is already an online gold. 1 Bitcoin is more expensive than some gold, people sell gold at free will but one always prefer to hodl bitcoin than selling because it is an asset which is very much valuable.
Last winter coinbase surpassed Charles Schwab in the number of accounts. So I do believe they are growing and a ton of money is coming into our space.
The one caveat is the money is most likely going into BTC and ETH as those are the ones everyone in the mass media talks about. Some of it will go into LTC.
I don't really see it helping any other cryptos until EOS replaces ETH on their exchange.
Steem on !!!!
Fiat is good for our cryptos! You may see some bigger ups and downs as they enter through BTC as the gateway crypto and then exchange out to others. The Smart money would be on Litecoin as it is pretty much as accepted as Bitcoin on exchanges, is faster and cheaper, and the pedestrians will be a bit more happy being able to buy 1 coin and not having to invest 10k or more.
What is interesting is Bitfinex has closed its doors to new accounts unless they have a balance of $10,000 to invest. You would think it would be to become more of a corporate platform and less of a little guy micro exchange. If they could just get clearance by the american feds again, that would be bank because so many of the investors/funds are from north america.
Bring on the big boys. BULL TIME!
I only need about a 10th of a shitload myself.
This seems tasty. We need an infusion like this.
Loled at the title but accurate in the fact that big money is on the sidelines.
People really don't see what is happening, the institutions are at the gate waiting to tear it down and pour in hundreds of billions of dollars. We know it doesn't take much to move the crypto market higher, so you can only imagine with this kind of money enters in just how high the market will go.
Good luck to everyone in the future.
I heard somewhere that it takes 15 billion to raise or drop the price of bitcoin by $1,000. So while 10 billion is a lot and I'd like that to enter the market I'm not convinced it will make much difference.
What do we need to do to get Steem listed on Coinbase?