BlackRock's Bold Move: $1.5 Billion Bet on Bitcoin!

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Quote from: betswift on November 05, 2024, 06:58:44 AM

Quote from: X-ray on November 02, 2024, 09:09:12 PM

Quote from: Poker Player on November 02, 2024, 04:46:07 AM

With all due respect, you have no idea what you are talking about. Saylor has repeated ad nauseam that he will never sell his bitcoin, referring to MSTR, other than that he also personally holds them and will not sell them. But it is not only that, he has based the value of his company on never selling and never stop accumulating, so if he were to sell (leaving aside a small sale at the end of the year for tax purposes, as you mention) it would automatically mean a drastic drop in the share, and he is not going to stick a thread in his foot.

At the moment the plan is to get $42B the next 3 years to keep buying more bitcoin.

that sounds like a really ridiculous strategy despite the good notion of keep holding it and not selling it at all.
wonder what's his plan after accumulating that big amount of BTC to be honest, will he create some sort of services or what.

because in my opinion, the money need to be cashed out at some point to pay up the loan, which is in this case, if he's so sure he won't sell his BTC, he probably needs a strategy to profit big time from leveraging their BTC holdings.

Who would be able to tell when his BTC is moved, or there are his address at place to watch and learn how it's done? Grin

Are you talking about MSTRs BTC, or what MS holds personally? For his personal BTC, unless you know his wallet addresses, you won't know what he moves. As for MSTR, is a public and audited company, so needs to comply with reporting obligations, including material and price-sensitive disclosures.

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Quote from: X-ray on November 02, 2024, 09:09:12 PM

Quote from: Poker Player on November 02, 2024, 04:46:07 AM

With all due respect, you have no idea what you are talking about. Saylor has repeated ad nauseam that he will never sell his bitcoin, referring to MSTR, other than that he also personally holds them and will not sell them. But it is not only that, he has based the value of his company on never selling and never stop accumulating, so if he were to sell (leaving aside a small sale at the end of the year for tax purposes, as you mention) it would automatically mean a drastic drop in the share, and he is not going to stick a thread in his foot.

At the moment the plan is to get $42B the next 3 years to keep buying more bitcoin.

that sounds like a really ridiculous strategy despite the good notion of keep holding it and not selling it at all.
wonder what's his plan after accumulating that big amount of BTC to be honest, will he create some sort of services or what.

because in my opinion, the money need to be cashed out at some point to pay up the loan, which is in this case, if he's so sure he won't sell his BTC, he probably needs a strategy to profit big time from leveraging their BTC holdings.

Who would be able to tell when his BTC is moved, or there are his address at place to watch and learn how it's done? Grin

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Quote from: icalical on November 05, 2024, 06:22:05 AM

Early days for BlackRock's ETF definitely saw big inflows, a good start that promise institutions could get into it. And yet, it rapidly lost its early lead to Grayscale despite BlackRock being known for strong management and influence. While it's true that interest from BlackRock could inspire more institutions to consider Bitcoin, but it is still early days, with competition already fierce.

With any luck, the Bitcoin ETFs would make crypto more accessible but also come with limits. The thing is, ETFs tend to centralize Bitcoin custody, taking away from the decentralized nature many investors love in crypto. That could mean increased adoption with BlackRock's involvement but might turn off a number of hardcore crypto enthusiasts who want their crypto solutions to be decentralized.

If they would be turned off from BTC even with regulations for ETFs and what not - that would be their loss, realistically Grin

It's not like ETFs would be get rid of the moment an institution gets enough of them.

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Early days for BlackRock's ETF definitely saw big inflows, a good start that promise institutions could get into it. And yet, it rapidly lost its early lead to Grayscale despite BlackRock being known for strong management and influence. While it's true that interest from BlackRock could inspire more institutions to consider Bitcoin, but it is still early days, with competition already fierce.

With any luck, the Bitcoin ETFs would make crypto more accessible but also come with limits. The thing is, ETFs tend to centralize Bitcoin custody, taking away from the decentralized nature many investors love in crypto. That could mean increased adoption with BlackRock's involvement but might turn off a number of hardcore crypto enthusiasts who want their crypto solutions to be decentralized.

AsiaHODL

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Quote from: X-ray on November 02, 2024, 09:09:12 PM

Quote from: Poker Player on November 02, 2024, 04:46:07 AM

With all due respect, you have no idea what you are talking about. Saylor has repeated ad nauseam that he will never sell his bitcoin, referring to MSTR, other than that he also personally holds them and will not sell them. But it is not only that, he has based the value of his company on never selling and never stop accumulating, so if he were to sell (leaving aside a small sale at the end of the year for tax purposes, as you mention) it would automatically mean a drastic drop in the share, and he is not going to stick a thread in his foot.

At the moment the plan is to get $42B the next 3 years to keep buying more bitcoin.

that sounds like a really ridiculous strategy despite the good notion of keep holding it and not selling it at all.
wonder what's his plan after accumulating that big amount of BTC to be honest, will he create some sort of services or what.

because in my opinion, the money need to be cashed out at some point to pay up the loan, which is in this case, if he's so sure he won't sell his BTC, he probably needs a strategy to profit big time from leveraging their BTC holdings.

If you are thinking of BTC as an asset to be "cashed out" into fiat, then you really still don't truly "get it". As for what MSTR, or indeed almost any listed company with borrowings does, is to continue to recycle loans. Some companies don't have debt, or slowly repay it, but financial institutions (and MSTR is no different), make their money leveraging debt into investments which provide a higher return than the cost of that debt.

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Quote from: Poker Player on November 02, 2024, 04:46:07 AM

With all due respect, you have no idea what you are talking about. Saylor has repeated ad nauseam that he will never sell his bitcoin, referring to MSTR, other than that he also personally holds them and will not sell them. But it is not only that, he has based the value of his company on never selling and never stop accumulating, so if he were to sell (leaving aside a small sale at the end of the year for tax purposes, as you mention) it would automatically mean a drastic drop in the share, and he is not going to stick a thread in his foot.

At the moment the plan is to get $42B the next 3 years to keep buying more bitcoin.

that sounds like a really ridiculous strategy despite the good notion of keep holding it and not selling it at all.
wonder what's his plan after accumulating that big amount of BTC to be honest, will he create some sort of services or what.

because in my opinion, the money need to be cashed out at some point to pay up the loan, which is in this case, if he's so sure he won't sell his BTC, he probably needs a strategy to profit big time from leveraging their BTC holdings.

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Quote from: Poker Player on November 02, 2024, 04:46:07 AM

With all due respect, you have no idea what you are talking about. Saylor has repeated ad nauseam that he will never sell his bitcoin, referring to MSTR, other than that he also personally holds them and will not sell them. But it is not only that, he has based the value of his company on never selling and never stop accumulating, so if he were to sell (leaving aside a small sale at the end of the year for tax purposes, as you mention) it would automatically mean a drastic drop in the share, and he is not going to stick a thread in his foot.

At the moment the plan is to get $42B the next 3 years to keep buying more bitcoin.

I see what you are saying and you are correct. Michael Saylor has made it clear that he will not sell his Bitcoin both personally and through his company MicroStrategy. His plan is to keep buying and holding Bitcoin and this approach is key to his company value. Saylor past actions and public statements show he is serious about this. If he changes his plan it could harm his company stock. He plans to invest $42 billion in Bitcoin over next three years which shows his commitment. Your observation highlights how important it is for Saylor to stick to his long term Bitcoin strategy both for his company success and his own investments.

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

BlackRock buying $1.5 billion in Bitcoin in just two days for its ETF is a real turning point for the crypto world! I think it shows that institutional investors are really starting to believe in Bitcoin as a serious asset. You could even say that it could encourage other big companies to do the same, which could increase demand and, consequently, the price of Bitcoin. In addition, with a Bitcoin ETF, it makes investing more accessible for those who don't want to complicate their lives with the direct purchase of crypto. Personally, I found it to be a good opportunity, even if the market can sometimes be unpredictable.
What do you think?
Do you think other companies will follow suit?

I think that Blackrock is a serious company owned by a serious person with a serious mindset of wealth accumulation. My fear however is in regards to what happens when a huge Bitcoin investor like Blackrock decides to sell off all its crypto currency holdings?
What will happen to the market when these large institutional holders decide to liquidate their assets or diversify their portfolio?

Companies with large pockets and even individuals that have same large pockets can buy via Bitcoin ETF and that's why it was launched earlier this year preceding the halving event that occured. Bitcoin investment may soon become so expensive that common investors may find it hard to invest unless they follow a strict investment plan like DCA strategy to achieve their goals and aim.

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Quote from: avp2306 on November 01, 2024, 07:20:47 AM

Actually I'm amaze with the action they do since this shows that they really have huge confidence that bitcoin would perform more better in future.

But what's really bothering there is if they accumulate a lot more volume then there's really huge chance that in future also they could able to manipulate the price of bitcoin since their company might have more bigger holdings compare to other institutions. So hopefully we see positive things to happen more for bitcoin since if Blackrock will start to dump their bitcoin then maybe this will create a huge damage on the market.

To be more accurate, what they have is huge confidence that there will be ETF demand for BTC (not actually that BTC will perform well). Having said that, yes they have also said they have a strong belief in the future performance of BTC. But again, remember, they don't make money from BTC rising, as they only hold the BTC of others as ETF managers.

I challenge you to tell me how could they could possibly manipulate BTC price with their ETF? If you understand how ETF's work and the SEC law they need to comply with, you would realize that this is not possible.

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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.

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.)

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With all due respect, you have no idea what you are talking about. Saylor has repeated ad nauseam that he will never sell his bitcoin, referring to MSTR, other than that he also personally holds them and will not sell them. But it is not only that, he has based the value of his company on never selling and never stop accumulating, so if he were to sell (leaving aside a small sale at the end of the year for tax purposes, as you mention) it would automatically mean a drastic drop in the share, and he is not going to stick a thread in his foot.

At the moment the plan is to get $42B the next 3 years to keep buying more bitcoin.

AsiaHODL

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

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.

Actually no, he's not right about that. Blackrock cannot simply dump Bitcoin. Their ETF mandate requires them to hold BTC 1:1 to match investor demand. The only "dump" that could occur, is if their ETF investors collectively decide to sell (and such selling is not matched by ETF buyers).

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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.

Dude - do you understand, Blackrock is not buying BTC for themselves as an investment. They are buying it to meet investor demand on the ETF. Blackrock does not profit or lose fro BTC's movements. They only make money for management fees of BTC under management in the ETF.

Its not just you. Many people here appear to be entirely uneducated on how an ETF works and what Blackrock's role in this is.

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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.

What happens with them is just that when they are not a major beneficiary of it, they will always criticise it; in most times too, it's based on when they don't understand what they are criticising; they tend to always speak against it until they see something that will open their eye on it.

Even as they are major holders through their ETF, they can't still say the opposite, just that the only thing they will say is that they themselves don't use it for money laundry.

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Quote from: FortuneFollower on November 01, 2024, 05:20:42 AM

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.

Maybe that will still happen in the future as many more will see the Bitcoin popularity and can see the benefits of investing in Bitcoin. They will want to make a big profit from Bitcoin especially for a big companies and others and they will trying to buy as many Bitcoins as they can. The pros may be outweigh the cons so that will makes people wants to allocating more money in investing in Bitcoin.

Quote from: Iranus on November 01, 2024, 07:10:10 AM

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.

Maybe those people feels that they don't gets the chance to invests in Bitcoin because the big companies takes their part and invest in a big money. Those people should not thinks like that because they can still invests in Bitcoin with the money they have.

Yes, I am sure we will doing the same thing as them because we know how potentially of the profits that Bitcoin can gives to us. We don't have to jealous or worry with them because we already know Bitcoin before they know and we gets the benefits from a long time ago. But for those who are beginner, they must convince themselves before they decide to invests in Bitcoin that Bitcoin is the best investment for them. They don't have to worry with anything that the big companies do but must focus with their investment.

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Quote from: nelson4lov on November 01, 2024, 04:38:10 PM

Quote from: LogitechMouse on October 31, 2024, 08:33:20 PM

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.

It still applies but the likelyhood is getting thinner and thinner as the price and marketcap grows. We already saw some examples of this earlier in the year. The most significant being the German Government Bitcoin sell offs. They knew the price would take a hit if they publicly announce it and put fear in the hearts of many Bitcoiners and traders. Blackrock and any of the dominant players in Bitcoin right now might backtrack and you'd see sell-offs that would follow.

Bitcoin manipulation doesn't have to be with money or a lot of money, they can manipulate with news, Fud...As we can easily see the news about Mt.gox, they have been using it to manipulate the market for more than 10 years and it is still effective until now. Market manipulation is sometimes not as complicated as we think, just a few unverified news is enough to make the market panic.

Quote from: nelson4lov on November 01, 2024, 04:38:10 PM

Quote from: LogitechMouse on October 31, 2024, 08:33:20 PM

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

Yes, definitely. More buyers means more liquidity to absorb the future potential sell pressure. But we don't really need any one org or firm to hold too much of the supply. That alone would spark fear and of course, fud.

What we should be afraid of is the lack of liquidity in the market, not institutions selling bitcoin, it is normal for them to take profits because they need profits like us. If the market always has enough liquidity no matter how much bitcoin they sell then there is nothing to worry about, but if the market is not liquid enough then that would be a worrying sign.

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Quote from: LogitechMouse on October 31, 2024, 08:33:20 PM

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.

It still applies but the likelyhood is getting thinner and thinner as the price and marketcap grows. We already saw some examples of this earlier in the year. The most significant being the German Government Bitcoin sell offs. They knew the price would take a hit if they publicly announce it and put fear in the hearts of many Bitcoiners and traders. Blackrock and any of the dominant players in Bitcoin right now might backtrack and you'd see sell-offs that would follow.

Quote from: LogitechMouse on October 31, 2024, 08:33:20 PM

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

Yes, definitely. More buyers means more liquidity to absorb the future potential sell pressure. But we don't really need any one org or firm to hold too much of the supply. That alone would spark fear and of course, fud.

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Quote from: Swordsoffreedom on November 01, 2024, 11:29:48 AM

Do they have great faith in bitcoin or are they trying to make bitcoin their own game because like you said they can manipulate the price of bitcoin if they want? It's really hard to know what they're planning with bitcoin when they buy such a large amount.

Overall, Blackrock's massive acquisition of bitcoin has its pros and cons, and it's understandable that people are concerned. But at the end of the day, there's nothing we can do to stop them from buying bitcoin. For example, today the price of bitcoin suddenly dropped to $68k and some ETFs like ARK, Fidelity or Bitwise sold but Blackrock continued to buy a large amount of bitcoin. Today alone, they continue to spend over $300 million buying bitcoin and they don't seem to care about the price of bitcoin or what the market is doing. Should we be happy or sad?

It can be both because there is also no sense of buying it if you can't benefit on it. Though, I remember that even a shitcoin can also be manipulated. It only needs some hype but at least in Bitcoin, if they fail to manipulate it, they still can earn.

BTC is truly hard to manipulate due to its less supply and a lot of people are holding their coins tightly because they also believe on its potential and they already know that the coin has a lot of value due to its other features and usefulness. Scaring them or spreading a FUD is no use on stopping them. They are not kids anymore but I think the only best way is if the government bans BTC on their country. A lot of innocent people are going to get affected by it though.

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Quote from: avp2306 on November 01, 2024, 07:20:47 AM

Actually I'm amaze with the action they do since this shows that they really have huge confidence that bitcoin would perform more better in future.

But what's really bothering there is if they accumulate a lot more volume then there's really huge chance that in future also they could able to manipulate the price of bitcoin since their company might have more bigger holdings compare to other institutions. So hopefully we see positive things to happen more for bitcoin since if Blackrock will start to dump their bitcoin then maybe this will create a huge damage on the market.

Do they have great faith in bitcoin or are they trying to make bitcoin their own game because like you said they can manipulate the price of bitcoin if they want? It's really hard to know what they're planning with bitcoin when they buy such a large amount.

Overall, Blackrock's massive acquisition of bitcoin has its pros and cons, and it's understandable that people are concerned. But at the end of the day, there's nothing we can do to stop them from buying bitcoin. For example, today the price of bitcoin suddenly dropped to $68k and some ETFs like ARK, Fidelity or Bitwise sold but Blackrock continued to buy a large amount of bitcoin. Today alone, they continue to spend over $300 million buying bitcoin and they don't seem to care about the price of bitcoin or what the market is doing. Should we be happy or sad?

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Quote from: avp2306 on November 01, 2024, 07:20:47 AM

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

BlackRock buying $1.5 billion in Bitcoin in just two days for its ETF is a real turning point for the crypto world! I think it shows that institutional investors are really starting to believe in Bitcoin as a serious asset. You could even say that it could encourage other big companies to do the same, which could increase demand and, consequently, the price of Bitcoin. In addition, with a Bitcoin ETF, it makes investing more accessible for those who don't want to complicate their lives with the direct purchase of crypto. Personally, I found it to be a good opportunity, even if the market can sometimes be unpredictable.
What do you think?
Do you think other companies will follow suit?

Actually I'm amaze with the action they do since this shows that they really have huge confidence that bitcoin would perform more better in future.

But what's really bothering there is if they accumulate a lot more volume then there's really huge chance that in future also they could able to manipulate the price of bitcoin since their company might have more bigger holdings compare to other institutions. So hopefully we see positive things to happen more for bitcoin since if Blackrock will start to dump their bitcoin then maybe this will create a huge damage on the market.

I do think that even if they would try to do it - they wouldn't be able to do it fast - only slowly, step by step.
However, I do think that the damage may be done nevertheless.
Double-edged sword of sorts, this whole situation, that is.

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

BlackRock buying $1.5 billion in Bitcoin in just two days for its ETF is a real turning point for the crypto world! I think it shows that institutional investors are really starting to believe in Bitcoin as a serious asset. You could even say that it could encourage other big companies to do the same, which could increase demand and, consequently, the price of Bitcoin. In addition, with a Bitcoin ETF, it makes investing more accessible for those who don't want to complicate their lives with the direct purchase of crypto. Personally, I found it to be a good opportunity, even if the market can sometimes be unpredictable.
What do you think?
Do you think other companies will follow suit?

Actually I'm amaze with the action they do since this shows that they really have huge confidence that bitcoin would perform more better in future.

But what's really bothering there is if they accumulate a lot more volume then there's really huge chance that in future also they could able to manipulate the price of bitcoin since their company might have more bigger holdings compare to other institutions. So hopefully we see positive things to happen more for bitcoin since if Blackrock will start to dump their bitcoin then maybe this will create a huge damage on the market.

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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.

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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.

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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.

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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.

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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.

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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

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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.

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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.

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

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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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

When a shark sees a small fish, it laughs at it.
When it sees a whale, she looks at it as a prey. As a target and the means to bite a big chunk of it.

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

BlackRock buying $1.5 billion in Bitcoin in just two days for its ETF is a real turning point for the crypto world! I think it shows that institutional investors are really starting to believe in Bitcoin as a serious asset. You could even say that it could encourage other big companies to do the same, which could increase demand and, consequently, the price of Bitcoin. In addition, with a Bitcoin ETF, it makes investing more accessible for those who don't want to complicate their lives with the direct purchase of crypto. Personally, I found it to be a good opportunity, even if the market can sometimes be unpredictable.
What do you think?
Do you think other companies will follow suit?

Blackrock is not buying for itself. Its buying because investors are demanding exposures to BTC via their ETF.

But yes, a US listed ETF is a real game-changer.

Also, "Bitcoin, not crypto".

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

Indeed, 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.

There are reports that they are buying OTC so that it will not affect that much because no one is going to see or known about the sell-off, not the traders on exchanges who might see the sell orders and then panic, pushing the sell button. This institutions knows how the play the market and to not affect or send shockwaves with their huge sell.

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

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.

Of course, they know the game, it's going to be a long term hold to make huge profits and to maximized it. We have seen or heard Saylor about that strategy. And even for us retail or average joe investors, this is our strategy, DCA, hard and grind accumulation and then sell during the height of the bull run.

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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!

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.

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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.

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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!

?

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https://i.postimg.cc/FsNg4PMN/20241031-130303.jpg

BlackRock buying $1.5 billion in Bitcoin in just two days for its ETF is a real turning point for the crypto world! I think it shows that institutional investors are really starting to believe in Bitcoin as a serious asset. You could even say that it could encourage other big companies to do the same, which could increase demand and, consequently, the price of Bitcoin. In addition, with a Bitcoin ETF, it makes investing more accessible for those who don't want to complicate their lives with the direct purchase of crypto. Personally, I found it to be a good opportunity, even if the market can sometimes be unpredictable.
What do you think?
Do you think other companies will follow suit?

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