BlackRock's Bold Move: $1.5 Billion Bet on Bitcoin! - page 2.

Iranus

hero member

Activity: 1792

Merit: 534

Leading Crypto Sports Betting & Casino Platform

Quote from: retreat on November 01, 2024, 12:50:15 AM

because they are an opportunistic capitalist company, they only invest in Bitcoin for profit, if they see the Bitcoin trend is good enough then they will continue to invest, but there are times when they will sell it in large quantities with the reason that to take profit or other reasons.

So what is your purpose in investing in bitcoin if not for profit? You, me and everyone here are also looking to buy bitcoins at the cheapest price and will sell them when we have enough profit. Aren't we also for profit? Why should we be jealous or criticize others for doing so, what right do we have to forbid them from doing so?

Quote from: jcojci on November 01, 2024, 05:02:35 AM

But we should not worry with that because we can follow behind them. When they make a profit, we can also have that chance so we can use that for our benefits. They want to hold for a long term, we can also do that.

We should be wise and smart with the situation so we can benefits from that.

It's hard to understand why people get angry when institutions invest in bitcoin and are willing to criticize them if they dump large amounts on the market. People need to remember that bitcoin is being treated as a financial market and that is how financial markets work.

I bet if any of us had as much money as Backrock or Microstrategy, we would be doing what they are doing. The fact that we express worry or fear only shows that we are jealous of them, we are afraid of not making a big profit on our investment, not that we are worried about the future of bitcoin.

FortuneFollower

copper member

Activity: 182

Merit: 6

Quote from: jcojci on November 01, 2024, 05:02:35 AM

Other companies will follow buying Bitcoin as they will see the chance to make a big profit in the future. The companies will thinks about the profit so they will still buy Bitcoin because that can gives them the opportunity to make a big profit and control the market if that is they real reason. Maybe they want manipulate the price when they have many Bitcoins.

But we should not worry with that because we can follow behind them. When they make a profit, we can also have that chance so we can use that for our benefits. They want to hold for a long term, we can also do that.

We should be wise and smart with the situation so we can benefits from that.

Yeah, however, the more companies and big entities, sorta, interfere in BTC, the more regulations and interest everybody has in it.
The question is, to what extent it will be going in the future? And would the pros of it outweigh the cons.

jcojci

full member

Activity: 784

Merit: 115

Other companies will follow buying Bitcoin as they will see the chance to make a big profit in the future. The companies will thinks about the profit so they will still buy Bitcoin because that can gives them the opportunity to make a big profit and control the market if that is they real reason. Maybe they want manipulate the price when they have many Bitcoins.

But we should not worry with that because we can follow behind them. When they make a profit, we can also have that chance so we can use that for our benefits. They want to hold for a long term, we can also do that.

We should be wise and smart with the situation so we can benefits from that.

retreat

sr. member

Activity: 1106

Merit: 391

I'm not saying that they are betting on Bitcoin, but they are moving based on careful analysis and consideration of the Bitcoin trend. You can see how their view of Bitcoin a few years ago was 180 degrees different compared to their decision today, why did that happen? because they are an opportunistic capitalist company, they only invest in Bitcoin for profit, if they see the Bitcoin trend is good enough then they will continue to invest, but there are times when they will sell it in large quantities with the reason that to take profit or other reasons.

PrivacyG

hero member

Activity: 882

Merit: 1873

Crypto Swap Exchange

Quote from: MusaMohamed on October 31, 2024, 10:03:01 PM

Same with Micro Strategy, as institutional investor, they have big capital to buy and they're ready to use leverages for buying bitcoins. It's dangerous double-edged investment strategy and even Michael Saylor said "Bitcoin is the end game", it doesn't mean Micro Strategy will never sell their bitcoins. It's very naive for thinking like this because no investor will hold their investment position forever.

While not the exact same situation, you could compare this to random Altcoins having whales suddenly putting hundreds of thousands of Dollars into a Shit Coin. The excitement of their whole Community is initially explosive, but it only lasts so long only to be followed by a sinking Market. Bitcoin whales are much different as in you need Billions to be one. Well. Do not be too excited about a whale, they are not planning to make any of us Rich but themselves.

MusaMohamed

sr. member

Activity: 966

Merit: 306

Quote from: PrivacyG on October 31, 2024, 09:48:27 PM

I can not be too happy about the BlackRock investment. It is fun and games until they start crashing the Market. Think WHY BlackRock is purchasing so much, and then think WHY would they not sell the same bulk when they have enough Profit. Which to a typical Stock Investor, I would have to guess is much lower than the gains Bitcoin offers over the course of years.

Same with Micro Strategy, as institutional investor, they have big capital to buy and they're ready to use leverages for buying bitcoins. It's dangerous double-edged investment strategy and even Michael Saylor said "Bitcoin is the end game", it doesn't mean Micro Strategy will never sell their bitcoins. It's very naive for thinking like this because no investor will hold their investment position forever.

We don't know when they will sell bitcoin but they will have selling times in future. In fact Micro Strategy did sold bitcoin 1 time, but it is like their action for tax report with sale and purchase on a same day 28 December 2022 (sold 704 BTC and bought 810 BTC.)

https://saylortracker.com

PrivacyG

hero member

Activity: 882

Merit: 1873

Crypto Swap Exchange

Quote from: BitcoinBarrel on October 31, 2024, 08:24:27 AM

How wonderful all these companies, universities, politicians and so-called financial experts that a few years ago were trash-talking crypto-currency are now investing in it.

Bunch of hypocrites if you ask me.

Definitely. Either they were purchasing silently while publicly talking Bitcoin bad or they tried to seem smart by calling Bitcoin what it was not.

-----

I can not be too happy about the BlackRock investment. It is fun and games until they start crashing the Market. Think WHY BlackRock is purchasing so much, and then think WHY would they not sell the same bulk when they have enough Profit. Which to a typical Stock Investor, I would have to guess is much lower than the gains Bitcoin offers over the course of years.

LogitechMouse

legendary

Activity: 2576

Merit: 1043

Need A Campaign Manager? | Contact Little_Mouse

Quote from: avikz on October 31, 2024, 08:18:16 AM

---
With 1.5 billion worth of holding, these corporates hold the power to manipulate crypto market. I hope no company start buying Bitcoin anymore!

Is the term "manipulation" still applying with Bitcoin?
In 2017, we've seen lots of market manipulation because at that time, the total market cap of cryptocurrency is much lower than that of it is today. Now it's harder to manipulate the crypto market, and I don't see these companies having the power to manipulate the market.

For me, I don't see any reason for Blackrock to buy Bitcoin aside from the fact that they see it as a money-making machine. Let's not forget that Larry Fink is one of the famous businessmen who criticized Bitcoin back a few years ago. Now they're integrating it into their own company, and continuously buying Bitcoin. They can sell whatever they want and since they have the power, they can do it, but as long as there will be buyers then everything is good... or is it? Cheesy

Cryptohygenic

jr. member

Activity: 87

Merit: 6

Quote from: ? on October 31, 2024, 07:29:06 AM

Do you think other companies will follow suit?

Bitcoin was only limited to 21 million in existence and could accommodate the world if everyone is willing to adopt it so on that Sense, whalers and high institutions has been investing one after the other on the fact of hedging economy inflations and same time investing on assets to expand their incomes. So, there is every needs.and possibilities to expect more adoptors in huge and small scales of values.

Hamza2424

legendary

Activity: 966

Merit: 1042

#SWGT CERTIK Audited

Quote from: ? on October 31, 2024, 08:33:37 AM

Indeed you are not wrong, the bulk sale of Bitcoin by large companies could drive down the price, especially if it happens at the same time as other market events.
It is also possible that these companies are adopting a long-term strategy, seeking to hold on to their assets to extract maximum value from them over the long term.

I value your comment here because I also think they are buying these BTC for long term as per many people thinks big whales or companies when buy BTC at the highest point they don't actually planning to make it short term investment like a trade but their plans are big but as a big company and investing billions of money in two days is just crazy and bullish for the market. There will already be a huge demand among ETF investors and that's why they are buying these BTC.

Even if they sell the market will dump that's future and we should not ruin our present for the event that is yet to happen in future and there is fifty fifty chance of it to happen so it is a big bullish news along with election's result the market have the potential to pump to $80k.

348Judah

hero member

Activity: 714

Merit: 521

Quote from: BitcoinBarrel on October 31, 2024, 08:24:27 AM

How wonderful all these companies, universities, politicians and so-called financial experts that a few years ago were trash-talking crypto-currency are now investing in it.

Bunch of hypocrites if you ask me.

Aside that they have all said all manners of trash concerning bitcoin, including the so called public figures we are having today in politics and in government, but that aside, these institutions we are seeing buying will also dump in due time and this is nothing than market manipulation, have we also considered series of times we see whales alert and we don't know what transpired that might have caused the movement of those transactions, things like this are happening in favour of their own self, despite they also lose.

Richbased

sr. member

Activity: 420

Merit: 253

Quote from: avikz on October 31, 2024, 08:18:16 AM

Have you thought about the flip side of it? When these big corporates are buying Bitcoin in bulk, the price is increasing. A lot of people sharing about it.

But what would happen if these corporates start selling their Bitcoins in bulk? The price will start dropping.

With 1.5 billion worth of holding, these corporates hold the power to manipulate crypto market. I hope no company start buying Bitcoin anymore!

That is what most people don't understand yet, i prefer different individuals buying bitcoins that will sum up that huge amount than an institution because we also know that as they impact the market positively when they buy, same it causes severe DIP when they sell. However, since these institutional investors plays major roles in determining the activities of bitcoin price, we should just endeavor to have a long term hodling mentality and also make sure we have reserved funds to buy back whenever they decides to sell.

Inasmuch as they rebuy again after they sell, i think the market will continue to be balanced because most of the reasons why they sell is to take profits and buys at more cheaper price so anyone who doesn't have a long term target will definitely fall to their manipulation when they panic and sell along with the bigger investors.

kryptqnick

legendary

Activity: 3248

Merit: 1402

Join the world-leading crypto sportsbook NOW!

Op, could you provide a source for this news? I can see the discussion going on, but there's no link in the op nor in the thread in general. From what I managed to find, it's $872 million going to iShares Bitcoin Trust, but I suppose it could be $1.5 billion over a few days. Still, it's only the latest addition to their portfolio, while their total is in dozens of billions of dollars worth of BTC.
I think it's easier and safer to invest in Bitcoin directly instead of through ETFs, but I can understand that it depends on an investor, and perhaps ETFs are way more attractive for traditional investors, working with various assets.

goldkingcoiner

legendary

Activity: 2254

Merit: 2003

A Bitcoiner chooses. A slave obeys.

Quote from: avikz on October 31, 2024, 08:18:16 AM

Have you thought about the flip side of it? When these big corporates are buying Bitcoin in bulk, the price is increasing. A lot of people sharing about it.

But what would happen if these corporates start selling their Bitcoins in bulk? The price will start dropping.

With 1.5 billion worth of holding, these corporates hold the power to manipulate crypto market. I hope no company start buying Bitcoin anymore!

Not really. They are not buying a lot of Bitcoin but rather scooping up what is currently considered a lot of Bitcoin. If you buy 100000 Bitcoin for 1 cent each coin, you would have much more power over the Bitcoin price than if you bought 100000 Bitcoin at the price of 70k each coin. Why? Because it does not matter at what price you dump the 1 cent coins, you will make an immense profit. But dumping so many Bitcoin at the price of 70k AND making a profit? That is hard to do without incurring a huge loss. Since they made the investment at around 70k (I assume), selling the vast amounts AND making a profit at the same time is hard, time-intensive work.

In other words, nobody is going to buy mass amounts of Bitcoin only to employ the "pump and dump" strategy. It just is not feasible anymore.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Quote from: avikz on October 31, 2024, 08:18:16 AM

Have you thought about the flip side of it? When these big corporates are buying Bitcoin in bulk, the price is increasing. A lot of people sharing about it.

But what would happen if these corporates start selling their Bitcoins in bulk? The price will start dropping.

With 1.5 billion worth of holding, these corporates hold the power to manipulate crypto market. I hope no company start buying Bitcoin anymore!

That is a very good point. Further more, price increases slowly when bullish but drops significantly in a bearish trend.
So if we see the same amount of sell off then the price drop will be huge when compared to it's price pump.
In a way it is better that institutional investors stay away from bitcoin because if a single entity holds a large amount of bitcoins it will give them the power of market manipulation as you said.

Smartprofit

legendary

Activity: 2338

Merit: 1775

Catalog Websites

Quote from: fuguebtc on October 31, 2024, 10:27:16 AM

Quote from: avikz on October 31, 2024, 08:18:16 AM

Have you thought about the flip side of it? When these big corporates are buying Bitcoin in bulk, the price is increasing. A lot of people sharing about it.

But what would happen if these corporates start selling their Bitcoins in bulk? The price will start dropping.

With 1.5 billion worth of holding, these corporates hold the power to manipulate crypto market. I hope no company start buying Bitcoin anymore!

Everything has its price, if we want bitcoin to become popular then the price we have to pay is government intervention and approval. If we want bitcoin to be worth hundreds of thousands of dollars, millions of dollars, we need the participation of large funds and institutions because only they can pull billions of dollars into the market every day like what is happening.

More importantly, even if we don't want them to enter the market, there's no way to stop them. So instead of looking at the negative things and stressing out, we should adapt and look at the positive things .
You are right about them dumping bitcoin at any time but in the long run, I think this will do more good than harm because without the involvement of large institutions, it will take longer for bitcoin to become globally popular.

I agree with you, we really can hardly influence this process.

However, there are still some things we can do - for example, we can promote independent Bitcoin storage, cold wallets, etc. We can tell people about the principles of decentralization and financial freedom, that Bitcoin is essentially an alternative to the modern financial system.

At the same time, it is necessary to understand that BlackRock is not friendly to the first cryptocurrency. Companies like BlackRock are huge financial and political corporations that play their own global strategic game. At the same time, in my opinion, Bitcoin is an even more powerful entity than a large international corporation.

Trying to manipulate Bitcoin, BlackRock may in the future get completely different results than they are currently striving for. Bitcoin is too global to fall under the influence of one corporation, even one as large as BlackRock.

betswift

copper member

Activity: 252

Merit: 4

Quote from: fuguebtc on October 31, 2024, 10:27:16 AM

Quote from: avikz on October 31, 2024, 08:18:16 AM

Have you thought about the flip side of it? When these big corporates are buying Bitcoin in bulk, the price is increasing. A lot of people sharing about it.

But what would happen if these corporates start selling their Bitcoins in bulk? The price will start dropping.

With 1.5 billion worth of holding, these corporates hold the power to manipulate crypto market. I hope no company start buying Bitcoin anymore!

Everything has its price, if we want bitcoin to become popular then the price we have to pay is government intervention and approval. If we want bitcoin to be worth hundreds of thousands of dollars, millions of dollars, we need the participation of large funds and institutions because only they can pull billions of dollars into the market every day like what is happening.

More importantly, even if we don't want them to enter the market, there's no way to stop them. So instead of looking at the negative things and stressing out, we should adapt and look at the positive things .
You are right about them dumping bitcoin at any time but in the long run, I think this will do more good than harm because without the involvement of large institutions, it will take longer for bitcoin to become globally popular.

It's a double-edged sword indeed.
But I do think that if it happens slowly step by step, it will do more good than bad in the long run for BTC.
Hopefully, of course.

fuguebtc

hero member

Activity: 1974

Merit: 539

Leading Crypto Sports Betting & Casino Platform

Quote from: avikz on October 31, 2024, 08:18:16 AM

Have you thought about the flip side of it? When these big corporates are buying Bitcoin in bulk, the price is increasing. A lot of people sharing about it.

But what would happen if these corporates start selling their Bitcoins in bulk? The price will start dropping.

With 1.5 billion worth of holding, these corporates hold the power to manipulate crypto market. I hope no company start buying Bitcoin anymore!

Everything has its price, if we want bitcoin to become popular then the price we have to pay is government intervention and approval. If we want bitcoin to be worth hundreds of thousands of dollars, millions of dollars, we need the participation of large funds and institutions because only they can pull billions of dollars into the market every day like what is happening.

More importantly, even if we don't want them to enter the market, there's no way to stop them. So instead of looking at the negative things and stressing out, we should adapt and look at the positive things .
You are right about them dumping bitcoin at any time but in the long run, I think this will do more good than harm because without the involvement of large institutions, it will take longer for bitcoin to become globally popular.

fikrett

copper member

Activity: 126

Merit: 6

Quote from: Synchronice on October 31, 2024, 09:55:48 AM

Quote from: avikz on October 31, 2024, 08:18:16 AM

Have you thought about the flip side of it? When these big corporates are buying Bitcoin in bulk, the price is increasing. A lot of people sharing about it.

But what would happen if these corporates start selling their Bitcoins in bulk? The price will start dropping.

With 1.5 billion worth of holding, these corporates hold the power to manipulate crypto market. I hope no company start buying Bitcoin anymore!

The more Bitcoins people have, the better. Sadly, Bitcoin is getting centralized, exchanges and centralized companies are buying more and more Bitcoin. BlackRock has enough money to manipulate the coin's price but I think they won't do it because if they do that, they'll get a negative force from people and media, which will negatively affect to their reputation (to my mind).

Quote from: BitcoinBarrel on October 31, 2024, 08:24:27 AM

How wonderful all these companies, universities, politicians and so-called financial experts that a few years ago were trash-talking crypto-currency are now investing in it.

Bunch of hypocrites if you ask me.

Okay, so, BlackRock CEO calls Bitcoin an index of money laundering. Today, they buy Bitcoins. What does this mean? Does this mean that BlackRock launders money? Okay, good job BlackRock, you are a criminal. They should be in court and the CEO should be arrested because of money laundering via Bitcoin.

Companies change opinions like gloves, nothing, new - just like politicians Grin

The question is how long this opinion, a good one, about BTC would last.

Synchronice

hero member

Activity: 882

Merit: 792

Watch Bitcoin Documentary - https://t.ly/v0Nim

Quote from: avikz on October 31, 2024, 08:18:16 AM

Have you thought about the flip side of it? When these big corporates are buying Bitcoin in bulk, the price is increasing. A lot of people sharing about it.

But what would happen if these corporates start selling their Bitcoins in bulk? The price will start dropping.

With 1.5 billion worth of holding, these corporates hold the power to manipulate crypto market. I hope no company start buying Bitcoin anymore!

The more Bitcoins people have, the better. Sadly, Bitcoin is getting centralized, exchanges and centralized companies are buying more and more Bitcoin. BlackRock has enough money to manipulate the coin's price but I think they won't do it because if they do that, they'll get a negative force from people and media, which will negatively affect to their reputation (to my mind).

Quote from: BitcoinBarrel on October 31, 2024, 08:24:27 AM

How wonderful all these companies, universities, politicians and so-called financial experts that a few years ago were trash-talking crypto-currency are now investing in it.

Bunch of hypocrites if you ask me.

Okay, so, BlackRock CEO calls Bitcoin an index of money laundering. Today, they buy Bitcoins. What does this mean? Does this mean that BlackRock launders money? Okay, good job BlackRock, you are a criminal. They should be in court and the CEO should be arrested because of money laundering via Bitcoin.

Topic: BlackRock's Bold Move: $1.5 Billion Bet on Bitcoin! - page 2. (Read 407 times)