My opinion is most of us here will be very well off and potentially very rich in the future if we hodl and accumulate as much btc as we can now.
This may be a 5,10,15 year plan but be patient. There aren't enough to go around so get your btc onto a paper wallet and make copies and store them in 2 separate locations in fire proof safes.
Thank me in the years to come.
Topic: Central Banks & Bitcoin - What if they start accumulating? - page 2. (Read 1358 times)
I am interested in thought on this topic, hypotheticals:
1) What if a small / medium / large country central bank begins accumulating
2) What are the chances of this ever happening?
3) How much would they buy?
4) What would the effect on price be?
5) If it is a 'rogue' nation, would it kill bitcoin?
1) What if a small / medium / large country central bank begins accumulating
2) What are the chances of this ever happening?
3) How much would they buy?
4) What would the effect on price be?
5) If it is a 'rogue' nation, would it kill bitcoin?
bitcoin not big effect to central bank, but central bank is big effect to volume transaction and bitcoin price
accumulation in volume transaction is still big use central bank
about affect you can see in china exchanger, bank regulation and china regulation in stop withdraw china exchanger
central bank aren't building their own bitcoin with centralized blockchain? they are not going to buy bitcoin because of this
if they are going to buy bitcoin anyway it would icrease the value dramatically depend on the amount they are investing
the only reason for them to enjoy bitcoin is to make it more centralized and have something that people already recognize instead of doing it all over again with their bad own bitcoin copy...
if they are going to buy bitcoin anyway it would icrease the value dramatically depend on the amount they are investing
the only reason for them to enjoy bitcoin is to make it more centralized and have something that people already recognize instead of doing it all over again with their bad own bitcoin copy...
What benefit would central banks have in buying Bitcoin?
From my perspective, the only reason for them to accumulate BTC would be to reduce the market supply as they see it as 'competition'.
Using a basic supply and demand model, if supply decreases at the same level of deman, then price rises quite drastically.
If the price rises significantly enough, more people would then turn to BTC as a form of an investment thus further driving up the price.
In that case you could expect most transactions to be micro in scale.
Having been said, I very much doubt that would ever happen and you'd also need to take other price factors into account.
If a bank really wanted to see the end of BTC, they could splash out and go for a major buy out.
Having been said, that won't happen either as everyone will just start using another form of crypto so ultimately the Bank's efforts would have been in vein.
From my perspective, the only reason for them to accumulate BTC would be to reduce the market supply as they see it as 'competition'.
Using a basic supply and demand model, if supply decreases at the same level of deman, then price rises quite drastically.
If the price rises significantly enough, more people would then turn to BTC as a form of an investment thus further driving up the price.
In that case you could expect most transactions to be micro in scale.
Having been said, I very much doubt that would ever happen and you'd also need to take other price factors into account.
If a bank really wanted to see the end of BTC, they could splash out and go for a major buy out.
Having been said, that won't happen either as everyone will just start using another form of crypto so ultimately the Bank's efforts would have been in vein.
when you have a hypothetical situation in your mind, first you have to think about why would that situation even happen?!
is it because they want to make profit from bitcoin?
they can't bitcoin is too small for a "country" or "central banks" to even consider entering for profit. there are lots of there ways and markets for them to make 100 times more profit from.
is it to kill bitcoin?
they may be able to hit the price but there is no benefit for them to do so and bitcoin can not be killed so again there is no point in doing such a thing!
is it because they want to make profit from bitcoin?
they can't bitcoin is too small for a "country" or "central banks" to even consider entering for profit. there are lots of there ways and markets for them to make 100 times more profit from.
is it to kill bitcoin?
they may be able to hit the price but there is no benefit for them to do so and bitcoin can not be killed so again there is no point in doing such a thing!
I am interested in thought on this topic, hypotheticals:
1) What if a small / medium / large country central bank begins accumulating
2) What are the chances of this ever happening?
3) How much would they buy?
4) What would the effect on price be?
5) If it is a 'rogue' nation, would it kill bitcoin?
1) What if a small / medium / large country central bank begins accumulating
2) What are the chances of this ever happening?
3) How much would they buy?
4) What would the effect on price be?
5) If it is a 'rogue' nation, would it kill bitcoin?
Central banks need accets with a stable and predictable price.Bitcoin is still far away from this.
Bitcoin market cap is still very small and it can be easliy manipulated.
Anyway,central banks will most likely kill bitcoin,rather than accumulate.
I am interested in thought on this topic, hypotheticals:
1) What if a small / medium / large country central bank begins accumulating
2) What are the chances of this ever happening?
3) How much would they buy?
4) What would the effect on price be?
5) If it is a 'rogue' nation, would it kill bitcoin?
1) What if a small / medium / large country central bank begins accumulating
2) What are the chances of this ever happening?
3) How much would they buy?
4) What would the effect on price be?
5) If it is a 'rogue' nation, would it kill bitcoin?
IF a country started accumating, unless it was a very small and poor country, the price would be driven upwards.
I don't see it happening, central banks are selling off everything they have, I don't see them buying lots of Bitcoin!
If they did buy, it would be little for them, but massive amounts for the Bitcoin world! Like 1 billion, so nothing, but a massive chunk of the market cap!
A rogue nation wouldn't be a great thing, but I imagine that authoritarian regimes won't like freely traded cryptocurrencies!
I am interested in thought on this topic, hypotheticals:
1) What if a small / medium / large country central bank begins accumulating
2) What are the chances of this ever happening?
3) How much would they buy?
4) What would the effect on price be?
5) If it is a 'rogue' nation, would it kill bitcoin?
1) What if a small / medium / large country central bank begins accumulating
2) What are the chances of this ever happening?
3) How much would they buy?
4) What would the effect on price be?
5) If it is a 'rogue' nation, would it kill bitcoin?
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