Bitcoin Holding in Companies - page 2.

ethereumhunter

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Quote from: passwordnow on November 11, 2020, 09:29:02 PM

Quote from: Untomabur on November 11, 2020, 03:38:16 AM

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.

Fortify

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I think with the current uptick in price it is clear that a lot of money managers want to get in on the action right now - before it is too late. Bitcoin has shown it can be an amazingly versatile currency and is already well known in the mainstream media. This makes it easy to sell to clients, that they can move their money across borders without even needing to access their bank accounts. For the super rich, that means avoiding even more taxes and makes it much harder for tax authorities to take more of their money. These are the sort of people who make big money each day from just owning shares and not actively working for it - they just love having a new place to store their excess cash, gold is boring now and can be seized comparatively easily!

Hasmizara

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I also agree with you that by depositing Bitcoin you can gain more experience and become much richer, In a real sense those who have been depositing Bitcoin for a long time before have been able to make a much better profit,So I also think that if someone saves bitcoin for a long time, he will definitely benefit and since Bitcoin has the potential to run the economy in the future I think Bitcoin should be saved.

imstillthebest

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Quote from: FanEagle on November 11, 2020, 03:15:09 PM

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.

That is how the world works and that is how profits are made, when they are in billions (or let's just say hundreds of millions) they do not have the urgency or scare that we have when there is small movements and dips, which they just go in even further when that happens to lower their DCA and make even more profit in the long term.

companies are known to work like this . It's already thier habit to invest into something and hold it professionaly . Some companies gets bankrupt also because of this while some gets successful and grow bigger because of thier booming investment aside from the profit that they earn on thier company .

Companies that owns Bitcoin might be less but they own huge amounts of btc and thier hodling do also grow overtime , them alone can really make a big difference without the help of other companies .

redsun114

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Quote from: barbara44 on November 10, 2020, 11:30:58 AM

This HODL of a thing, how good is it for Bitcoin? Wouldn’t it be having the same effect just as savings would do to fiat when there are huge amount of money removed from circulation and just placed to rest in a savings account?

It's true that the holding of Bitcoins might not be in the best interest for the market because the more the coins in market the more liquid market will be and one company or a whale cannot drop the price of the bitcoins then but the fact is people are greedy and they have every right to earn money so they will always hold bitcoins and even try to manipulate market at times.

Quote from: barbara44 on November 10, 2020, 11:30:58 AM

This HODL might be really good for Bitcoin, and the worst part of it all is that Bitcoin is limited to about 21 million and these companies are already holding up millions and before you know it more of them will still come in and start holding more Bitcoin which will reduce liquidity. People really needs to stop HODL’ing too much and let it circulate.

Might be really good for bitcoin? I guess you made a typo there. Because all your post is against holding of Bitcoins which I agree with.

I think as much as we blame these BTC holders for low liquidity, these holders are the ones who actually lifted the Bitcoin market. I mean imagine if the big holders had dumped their coins 2 years back when price was ATH the market might have collapsed.

passwordnow

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Quote from: Untomabur on November 11, 2020, 03:38:16 AM

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.

lixer

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Quote from: Untomabur on November 11, 2020, 03:38:16 AM

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.

You have a valid point but the market in crypto is so big that one needs colossal amount of capital to do that and it sounds implausible for that to ever happen. Yeah maybe 10 big companies can collaborate together and shale the market but they still cannot cause much distress to the market. Someone might have tried this in March but see how the price recovers so fast.

Quote from: solomine on November 11, 2020, 04:16:09 AM

I'd prefer to have reserved in the stablecoins. In any moment it can be changed to bitcoin and back. More save way to earn money than just keep it in BTC. In USDT or EURG

It is the perception you have but the truth is that the price has only increased overall and volatility doesn't only mean that you can lose but it also means that you can double your money within a night and actually there are less people in Bitcoin market who invested and regretted as compared to people who divested and regretted so it tells you the story that having big reserves is actually more profitable.

FanEagle

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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.

That is how the world works and that is how profits are made, when they are in billions (or let's just say hundreds of millions) they do not have the urgency or scare that we have when there is small movements and dips, which they just go in even further when that happens to lower their DCA and make even more profit in the long term.

solomine

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No... Due to volatility, we can lose a lot of money.
I'd prefer to have reserved in the stablecoins. In any moment it can be changed to bitcoin and back. More save way to earn money than just keep it in BTC. In USDT or EURG

Untomabur

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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.

carter34

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Quote from: Twentyonepaylots on October 15, 2020, 01:04:06 PM

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.

After you said this sentence, I wanted to see your explanation about bitcoin becoming centralized. The codification of bitcoin is decentralized that you can't change it to centralized. Whether companies or whales begin to dump because of no demand or not, it remains same the way it is.

barbara44

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This HODL of a thing, how good is it for Bitcoin? Wouldn’t it be having the same effect just as savings would do to fiat when there are huge amount of money removed from circulation and just placed to rest in a savings account?

This HODL might be really good for Bitcoin, and the worst part of it all is that Bitcoin is limited to about 21 million and these companies are already holding up millions and before you know it more of them will still come in and start holding more Bitcoin which will reduce liquidity. People really needs to stop HODL’ing too much and let it circulate.

chip1994

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HEX: Longer pays better

Quote from: proTECH77 on October 15, 2020, 04:13:57 PM

Those companies you mentioned are good companies for investment just that they have grad pass each in cryptocurrencies. Grayscale company is a good company that many investors is talking about. Many people that invest with this company are just smiling because of the good profit that is waiting for them.
I think more investors will now be rushing most of those new project that is showing sign of a good project.

I dont think many hedge funds will target potential projects in the future because they are just wanting their assets to avoid inflation in the coming years.
Financial investment funds are different from technology investment funds, so after Bitcoin halving they only focus on the value of Bitcoin. As you can see, Bitcoin Dominance is up nearly 8% over the last few days from October.
This growth signal shows that Bitcoin's inflation prevention function is real and it is being applied in major financial funds. In addition, we still don't see what they announce about other investments in the crypto market

laredo7mm

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Quote from: notblox1 on October 14, 2020, 12:02:05 PM

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

We heard about Square investing in Bitcoin and I am sure many of you know about Grayscale but let's look at other publicly traded companies who purchased Bitcoin.
Total value for all of them is over $6 billion or around 600,000 BTC, but I am sure there are many more who not so famous or they purchased it with some 3rd party firms.
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

More detailed report on Bitcoin Treasuries website:

https://bitcointreasuries.org/

Some say that Grayscale doesn't own any Bitcoin but that is for debate because they are Investment Trust, and their clients are buyers who own bitcoins.

Those are some long term investment of those major company. I think there are many other companies that are not on the list but hold a good portion of Bitcoin. Is it possible to identify that bitcoin that is not possible to move or lost forever? Some private key lost or device lost. We saw this type of case in the news. Is that possible to do that?

Salauddin1994

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Holding bitcoin in companies it is a much better idea to increase the price of bitcoin and increase the value of companies only for those who understand the risks bitcoin has no value in earnings or underlying assets its price increase is driven by demand alone and it shows signs of a frenzy. Conversely when the price of a stock increases even compared to an estimated money stock the move is usually based on the expectation of an increase in earnings or earnings.

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Quote from: RealMalatesta on October 16, 2020, 07:21:17 AM

Quote from: bitmover on October 14, 2020, 02:16:48 PM

There are probably more companies owing bitcoin and we dont know. For example, Elon musk Is interested in btc. Tesla or SpaceX may own some but we dont know.

Probably no lies in that, some companies can still hold Bitcoin and decide not to make it open to the public. Elon Musk has always shown some interest in cryptocurrency and some point people suspected him as Satoshi or his contribution to bitcoin developments by being part of Satoshi's team; from these, we may conclude like definitely he must be holding some big amount bitcoins personally.

I'd highly doubt it Tesla or SpaceX are. Tesla is a public company and one that has had liquidity concerns until very recently. Further, it's a very capital intensive business, and they're scaling constantly. There is just no extra cash to be putting in to bitcoin. Because of the liquidity concerns and the need to scale, any bitcoin holdings would be considered a material fact that would need to be disclosed to investors, so it's almost impossible for them to have any bitcoin on the down low. SpaceX is a private company in an even more capital-intensive business. There's no way the company is investing in bitcoin. It cannot afford to lock up any capital in such a risky asset. Musk personally could be another matter, but he's such an attention whore that if he was you'd likely know about it.

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600000 bitcoin is a significantly high number. We only have around 18-million coins while more than half of them are inactive or potentially lost. There are not much bitcoin left in on the Internet. Having such this number of bitcoin can easily manipulate the price of bitcoin in a short time. However, this is a concern because I believe they will not sell a huge amount of bitcoin expeditiously without having no announcement or plan. And those bitcoin might not all belong to oneself. Many people have their shares on the company so decision will be made among many investors

Quite a nice information you have given to us. Actually, I have never heard about Grayscale or one company on the list above. This surely raises my awareness of publicly traded companies. They are really big whales on the decentralized market

MCobian

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It's always interesting to discuss Bitcoin holders, let alone the number of companies that hold Bitcoin about 2.87% of the total Bitcoin supply.
This is very exciting news, because this will make the Bitcoin price go up even more. But there is also a big risk if one company decides to sell
Bitcoin, and the other company follows. You can imagine there will be a deep decline in the price of Bitcoin. Hopefully my fears don't happen,
and there will be an increasing number of companies buying and holding Bitcoin.

Janation

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Never thought that companies actually hold Bitcoin.

This could mean good and bad news. Good news because as I said, I never thought that they do that. Bitcoins have been labeled as a scam by a lot of people and I think that people might've ended up just holding them, not a company. Still, since thats a thing, others might do the same. The bad news though is that since companies are holding them, if they will be dumping those, that could end up a big dump. For sure it would just go back up but still..

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Quote from: samcrypto on October 15, 2020, 05:35:19 PM

Its good to see many companies holding bitcoin, but as a small time bitcoin hodler there’s a risk for us because anytime they can dump their bitcoin and that can suffer the whole market which can leave many people broke.

Anyway, Grayscale is a great company I just hope that they don’t dump their holdings easily and wait for the peak of bitcoin again, investors loves bitcoin now this is one of the main option now in the market.

Many adopts bitcoin during this Pandemic and knowing that many companies now holds BTC and are trading with BTC other than stocks is more risky since we need to be monitor more our small amount of BTC to not be left out whenever these companies started to dum their coins, maybe not now but soon they will sure to sell it and return to stock or other investment once they already gained too much in crypto. As long as we were able to monitor and be updated we will not lose here in Bitcoin even they hold more and more BTC in the future.

Topic: Bitcoin Holding in Companies - page 2. (Read 669 times)