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Topic: Bitcoin Holding in Companies (Read 669 times)

legendary
Activity: 1316
Merit: 1481
February 23, 2021, 11:51:21 AM
#66
Do not focus too much on Elon Musk's words rather follow what he does with his own money, that is where to find the real honey.
Were you people expecting to go parabolic only on the way up? It is natural and physiological to have this ups and downs; you do not have to trust my words but go look for yourselves when zooming out any bitcoin chart (better on a log scale).
hero member
Activity: 2016
Merit: 540
Leading Crypto Sports Betting & Casino Platform
February 23, 2021, 11:26:02 AM
#65
After the test law investment, the price of bitcoin is not going to stop.Now the price is crossed 54,750$.When the demand of coin had increased, their will be rise in the price of bitcoin also.It's seems to reach 60k$ by this month.
The mass adoption we always used to dream has actually happened and it is aided by the investments big companies are now doing now which is being headlined by Tesla and Microstrategy mainly. Somewhat concerning are these big investments to me because no doubt they are helping price to reach new highs almost every week but this also means the price can fall inexplicably too once they start selling the coins they hold.

It should be updated because now, tesla also becomes one of the companies holding Bitcoin in high amount and this also makes the price of Bitcoin itself increasing some moemnt ago.
Tesla is not just helping Bitcoin but other cryptos like doge coin are also being pumped by Elon Musk. I have a feeling that Elon Musk or Tesla has more bitcoins than Musk pretends to own. We never know how much who owns because they might have 1 Bitcoin each stored in 10k addresses and never get noticed in the rich list.
legendary
Activity: 2226
Merit: 1086
Free Bitcoins Every Hour!
February 19, 2021, 05:55:21 PM
#64
snip~
It should be updated because now, tesla also becomes one of the companies holding Bitcoin in high amount and this also makes the price of Bitcoin itself increasing some moemnt ago.
Grayscale is of course also becomes a point in this case because this is a big company and they give also big influence t the crypto world.
hero member
Activity: 2898
Merit: 639
February 19, 2021, 11:54:31 AM
#63
Happy to see organizations are additionally included and taking an interest in cryptographic.
I don't really know about those companies, but I think it's a great step for the growth of cryptocurrencies.

I think companies realize that cryptocurrencies have more potential and benefits as compared to the stock market.
The highly volatile coins can beat any stock, and they're more profitable than any other investment Like Gold, properties, etc.
It took years for them to realize that crypto currency is not a scam and that happened because with time people did the efforts and actually understand the mechanism of Bitcoins and how it works which then helped them gain confidence and start investing. Almost after 10-12 years of Bitcoins coming into existence, people have been able to understand Bitcoins and yet not fully which makes me feel what kind of brain Satoshi had who developed it back then and even today we are discovering something new about Bitcoins and every time it just comes out even more robust.

I don't care much if big investors put their money into the market or not because while it has some positives, it also has a lot of negatives like the manipulation of market could again start which after so many years looked like stopped after whales emptied their wallets into the market.
hero member
Activity: 1302
Merit: 532
February 18, 2021, 05:29:56 PM
#62
Yep, things are really changing , and over the years they found it hard to believe that Bitcoin and cryptocurrencies are the next level of investment. They have thought it was just another bubble that was going to crash once and for all, but they are surprised that it has continued for years now and all of them now wants to get on it before it’s very late for them.
In the past it was a trend to trash bitcoin in major media by the wall street investors and bankers while they were investing in it and they just want to create a narrative to make some headlines and they achieved that easily.

If you check this year there has been so many companies coming out to say that they have invested in Bitcoin, and so many celebrities are now buying it , though some are public about it, I believe there will be so many of them who might own and just keep it a private.
There are many institutional investors investing heavily for a long time and now some are public knowledge and there are many billionaires who might be holding a fortune in cryptocurrencies but they wont be revealing them.
hero member
Activity: 2408
Merit: 584
February 18, 2021, 01:18:06 PM
#61
I think companies realize that cryptocurrencies have more potential and benefits as compared to the stock market.
The highly volatile coins can beat any stock, and they're more profitable than any other investment Like Gold, properties, etc.
Yep, things are really changing , and over the years they found it hard to believe that Bitcoin and cryptocurrencies are the next level of investment. They have thought it was just another bubble that was going to crash once and for all, but they are surprised that it has continued for years now and all of them now wants to get on it before it’s very late for them.

If you check this year there has been so many companies coming out to say that they have invested in Bitcoin, and so many celebrities are now buying it , though some are public about it, I believe there will be so many of them who might own and just keep it a private.
legendary
Activity: 2884
Merit: 1117
Leading Crypto Sports Betting & Casino Platform
February 16, 2021, 11:17:15 AM
#60
Happy to see organizations are additionally included and taking an interest in cryptographic.
I don't really know about those companies, but I think it's a great step for the growth of cryptocurrencies.

I think companies realize that cryptocurrencies have more potential and benefits as compared to the stock market.
The highly volatile coins can beat any stock, and they're more profitable than any other investment Like Gold, properties, etc.
That is definitely true, these big places eventually going into crypto definitely changed something. I remember that back in the day there was a situation where crypto was seen as "dark money" and everyone hated it and in mainstream media you could see people pumping news about drug lords and bad people all using bitcoin etc etc, basically it was shown in a very bad light and everyone hated bitcoin.

But at the end, we are really doing something amazing right now because now those huge corporations are going into crypto and that made it amazing for us, we are in a situation where people are quite happy about what is going on in the crypto world and I can't believe how lucky we are about it as well. Mainstream media now talks about how awesome bitcoin is and how we are doing amazing, it is really cool.
sr. member
Activity: 958
Merit: 265
February 16, 2021, 12:19:13 AM
#59
Happy to see organizations are additionally included and taking an interest in cryptographic.
I don't really know about those companies, but I think it's a great step for the growth of cryptocurrencies.

I think companies realize that cryptocurrencies have more potential and benefits as compared to the stock market.
The highly volatile coins can beat any stock, and they're more profitable than any other investment Like Gold, properties, etc.
hero member
Activity: 2520
Merit: 624
February 12, 2021, 06:14:55 AM
#58
Talking about bitcoin is becoming more and more interesting, the Norwegian government holds a 2% stake in Microstrategy, which means that all Norwegians are also indirectly exposed to Bitcoin. (Bitcoin enthusiasts are increasing). of all the list of companies above, indicates that there is a catalyst for bitcoin demand. good luck

This is a plus to the people there. This signal a support to bitcoin if a government is investing into bitcoin. Such will increase the bitcoin interest a lot and help the youth over there to invest and trade bitcoin too. Youths are the economic power of a country because of their zeal and strength. The GDP is expected to increase both from the government and the youth investment participation.
sr. member
Activity: 1274
Merit: 293
February 12, 2021, 05:01:26 AM
#57
A lot of these companies are holding a huge percentage in circulation and I think we should not also forget about the individual whales. It is great that we are seeing these companies holding but it is kind if scary what they can do negatively. For sure, they are aiming for big profits but I hope this ends up in a good way.
We have the right to be scared, they can form a monopoly if they want too. In my opinion, it won't end good for those who do not buy now, the prices are still tamed and everyone can still buy bitcoin, the pioneers are the one that will profit big time because we all know that when the money from this big institutions come dropping again, the prices will go crazy and people will be clamoring about the price surge to the point that they forgot that the companies can manipulate the prices, the only way for the individual and small fishes to survive is to stock up and hodl because when companies control the prices, we have a good exit no matter what.
sr. member
Activity: 1316
Merit: 254
United Crowd
November 15, 2020, 12:38:26 PM
#56
Talking about bitcoin is becoming more and more interesting, the Norwegian government holds a 2% stake in Microstrategy, which means that all Norwegians are also indirectly exposed to Bitcoin. (Bitcoin enthusiasts are increasing). of all the list of companies above, indicates that there is a catalyst for bitcoin demand. good luck
legendary
Activity: 2044
Merit: 1115
★777Coin.com★ Fun BTC Casino!
November 14, 2020, 09:48:17 PM
#55
Today Bitcoin is seen as a great asset to store assets and never fear inflation. This is probably the most obvious proof that Bitcoin is reducing inflation,  you can refer here: https://news.bitcoin.com/bitcoin-halving-inflation-rate-central-banks/

I think this is grossly overstated.  People buy bitcoin and cite inflation as a cause of concern, but there's no body of evidence that Bitcoin protects against inflation because it is much more volatile than the inflation rate is destructive to savings. The risk of holding btc vs USD isn't even comparable.  The USD is orders of magnitude safer.
sr. member
Activity: 1638
Merit: 300
November 14, 2020, 07:51:24 PM
#54
A lot of these companies are holding a huge percentage in circulation and I think we should not also forget about the individual whales. It is great that we are seeing these companies holding but it is kind if scary what they can do negatively. For sure, they are aiming for big profits but I hope this ends up in a good way.
sr. member
Activity: 1498
Merit: 374
Leading Crypto Sports Betting & Casino Platform
November 14, 2020, 06:52:57 PM
#53
This may seem good first because it helps bitcoin increase in value. But knowing that they own approximately 600K bitcoins kind of scares me. Keep in mind that this only applies to grayscale companies. Who knows how many more companies do this? They could cause a huge impact on bitcoin's price knpwing that they are all whales in the market. And them being owned by private companies does not make comfortable even a bit.
sr. member
Activity: 868
Merit: 251
HEX: Longer pays better
November 14, 2020, 03:23:18 PM
#52

https://twitter.com/Coin98Analytics/status/1315853890424717312

13 companies are holding around 2.85% of the total supply of Bitcoin.
Let's compare all of them:

449,596 Grayscale
  69,730 CoinShares
  38,250 MicroStrategy
  16,551 Galaxy digital
    8,195 3iQ
    5,215 BTCe
    4,709 Square
    2,954 HUT8
    1,239 Voyager
    1,053 Riot
       215 digital
       204 cypher punk holdings
       126 argo

The special thing here is that 12/13 companies above have used the majority of their funds to buy Bitcoin in 2020. It seems that since the outbreak of Covid 19, they have been planning to hold Bitcoin to  not affected by inflation. A large number of big companies investing at the same time will make the crowd pay more attention to Bitcoin and will likely create a new influx of capital into the Crypto market in the coming months.
The Halving mechanism and the Cryptocurrency community have created the reputation of Bitcoin after years of development.  Today Bitcoin is seen as a great asset to store assets and never fear inflation. This is probably the most obvious proof that Bitcoin is reducing inflation,  you can refer here: https://news.bitcoin.com/bitcoin-halving-inflation-rate-central-banks/
full member
Activity: 1162
Merit: 168
November 14, 2020, 02:35:19 PM
#51
Companies do not get involved in crypto like a regular person, they get involved because they want to go long on bitcoin because they go into anything with long term ambitions and they want to stay in it for the long term if it is gold, stocks, cash or bitcoin. It means we are talking about over a billion dollars worth of bitcoin was bought this year for long term holding and that of course happened to help the price of bitcoin as well.
What I always have in mind is what’s going to happen by that time when these companies decides to eventually sell their bitcoins, what’s going to happen? Huh The market might be going down too much because these companies are HODL’ing giant shares of Bitcoin and that’s leading to a crash.

Unless maybe by then, by the time they make up their mind to sell their assets holding, there will be so many other companies that will be ready to buy so many, more than these ones have done right now. I wouldn’t like anything that’s going to be crashing the market to the extent people lose hope.
hero member
Activity: 2898
Merit: 639
November 14, 2020, 08:06:12 AM
#50
They could manipulate the price, not the coin itself and that is the difference. They could be as rich as they get and they could buy all the bitcoin they could afford but even in that situation bitcoin will still be bitcoin and nothing will change about it, sure you could make it 50k+ per bitcoin if you are rich enough or you could make it 1k per bitcoin as well all depends on the amount of money you have and your motives to make bitcoin price move, it is market manipulation and bitcoin is not exempt from it just like stocks and forex is not as well as other stuff in investment, market manipulation could always be done with enough money and lack of regulations on crypto markets makes it easier. However bitcoin and blockchains integrity will never be questioned no matter what.
newbie
Activity: 36
Merit: 0
November 14, 2020, 07:26:29 AM
#49
But I'm afraid that it will be the start of centralizing ( slightly ) the bitcoin. From any moment, if every government turns their back with cryptocurrencies these companies will be force to sell it all out leaving the whole market in awe.
Even if these companies will be forced to sell their Bitcoin, there are several times more coins in the circulation.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
November 14, 2020, 05:05:09 AM
#48
Those companies can't manipulate the price because the percentage of their holdings is not enough to do that and it will not be on their best interest to do such price manipulation. BTC price is driven by supply and demand in the market. Now, do you think, if few people can control the market, there will be supply and demand that will happen? I don't think so. So to have a healthy market, they won't hoard massive amount of btc, which will give good market movement.

Even if they claim that they have big funds to buy more bitcoin, they will not have a chance to shake the price. Okay, maybe they can shake the price at a small exchange, but they can not shake at a medium or big exchange because the whales in that exchange will prevent their moves and watch their step. As long as the supply and demand still high in the market, that company can not do anything except following the price, but those companies can buy or sell bitcoin at a level price and make people panic temporarily.
full member
Activity: 1848
Merit: 158
November 13, 2020, 04:45:18 PM
#47
I imagine if there are many Bitcoin holding companies I think it is very dangerous, because price manipulation might happen easily,
to be honest I think this, I prefer if Bitcoin is held in the staking feature,
if Bitcoin has a feature like this it will be even more very nice.
It is not dangerous if many companies would start holding bitcoin. Don't you worry about manipulation or monopolizing. What's more worrying is the controlled percentage of mining power for a specific country or area. Staking can be done through companies with their interest offers.
You deposit on their exchange and receive percentage given the annual rate for their btc deposits. But I'm not advising you to do that because if you don't hold your PKeys, not your bitcoin.

Even if many companies start holding bitcoin, it doesn't mean that the companies can manipulate or monopolize the market because they need to against all people in the crypto market. I think the exchanges themselves don't want to see what happens, and they will prevent that happen to the crypto market. But if many companies start to buy bitcoin, that can give bitcoin a chance to be known by the people or the employee of that company, so they can start to have bitcoin and use bitcoin as an investment.

Those companies can't manipulate the price because the percentage of their holdings is not enough to do that and it will not be on their best interest to do such price manipulation. BTC price is driven by supply and demand in the market. Now, do you think, if few people can control the market, there will be supply and demand that will happen? I don't think so. So to have a healthy market, they won't hoard massive amount of btc, which will give good market movement.
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