Destroying Bitcoin | Bitcointalksearch.org

Kasabus

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Quote from: jjdub7 on April 11, 2021, 03:56:04 AM

Quote from: crytolog on February 10, 2021, 02:50:41 PM

The big companies are buying bitcoin and manipulating the market. one day they will start to sell all bitcoins and we will have a very big shock. imagine that you think that crypto is your enemy, if you want to destroy it, first you will buy as much as you can, you will make the market goes up, after you will sell all coins and you will destroy the market, take money of small investors and make them hate the crypto.

when i saw a company buy big amount of coin, i afraid.

I don't think there's anything to be afraid of when institutions have paid more attention to Bitcoin and the crypto market. The only negative thing about these events, in my opinion, is that ordinary investors will be able to afford less and less market shares. As the great interest of the institutions raises the price, and only they have huge capital with which to buy a large number of coins, ordinary traders with small capital will be able to buy smaller and smaller shares.

Maybe it was, but why not choose altcoins instead?
But as what OP speculates, that really be impossible. We could really feel the market manipulation but no one will think about destroying Bitcoin just for their silly ideas. I mean, no one could dare to do that like it for sure that these whales/investors are also milking crypto. Actually, they can easily make money here and that is why they will keep this alive.

buwaytress

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Quote from: acener on April 11, 2021, 09:04:18 AM

But what if they sell all of their holdings but another big name came and buy it all it would be their lost not ours.
I think they are also having a hard time just like us when we want to sell our crypto but thinks that it could still go up.
The only difference is that they have a huge amount while we have only little.

Don't think there will be anyone new selling anything now. I'd probably secure some profits now if I were a big fund that bought in below $5k (hard to ignore 10x profit). Thinking that despite long term appreciation, Bitcoin spends the majority of its time in the depths, and only a fraction of the time in its peaks. So I'd say, bulls are long-term happy, but bears probably get a lot more joy a lot more of the times.

Whether that's enough padding to cover the pain of all these short liquidations en route to a new peak, I'll not know.

acener

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Quote from: crytolog on February 10, 2021, 02:50:41 PM

The big companies are buying bitcoin and manipulating the market. one day they will start to sell all bitcoins and we will have a very big shock. imagine that you think that crypto is your enemy, if you want to destroy it, first you will buy as much as you can, you will make the market goes up, after you will sell all coins and you will destroy the market, take money of small investors and make them hate the crypto.

when i saw a company buy big amount of coin, i afraid.

But what if they sell all of their holdings but another big name came and buy it all it would be their lost not ours.
I think they are also having a hard time just like us when we want to sell our crypto but thinks that it could still go up.
The only difference is that they have a huge amount while we have only little.

jjdub7

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Quote from: crytolog on February 10, 2021, 02:50:41 PM

The big companies are buying bitcoin and manipulating the market. one day they will start to sell all bitcoins and we will have a very big shock. imagine that you think that crypto is your enemy, if you want to destroy it, first you will buy as much as you can, you will make the market goes up, after you will sell all coins and you will destroy the market, take money of small investors and make them hate the crypto.

when i saw a company buy big amount of coin, i afraid.

I don't think there's anything to be afraid of when institutions have paid more attention to Bitcoin and the crypto market. The only negative thing about these events, in my opinion, is that ordinary investors will be able to afford less and less market shares. As the great interest of the institutions raises the price, and only they have huge capital with which to buy a large number of coins, ordinary traders with small capital will be able to buy smaller and smaller shares.

Ridwan Fauzi

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The fact that is hard thing to do since bitcoin price is expensive already. Yeah, you need a lot of bitcoin to can be able to manipulate market movement. Also, if you can do that then it will just for a while, not for long term situation.

There will be many people who will buy bitcoin at the lower price. Take a look at this time, since bitcoin is increasing to $60.000 barrier again then when its price fall to below $58.000-$55.000 we will see there will be a spike in the price in that area.

Also, bitcoin is like gold already, there are a lot of investor who believe bitcoin and having it. Are gold price movements often manipulated? Honestly I haven't seen it and this thing will happen to bitcoin.

verita1

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The opinion of the members is correct there is no need to worry when companies buy large amounts of bitcoin.
They are bitcoins that will not be traded for a long time. The volatility of bitcoin has its pros and cons that makes it participate in the best moment of the market.
Still bitcoin has a long way to go and the main thing has been achieved credibility in a safe haven asset.

tippytoes

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Quote from: Traderbtcc on April 10, 2021, 03:18:29 PM

Not sure if these companies or corporations buying bitcoin will want to dump their bitcoin later, although they would be tempted to take profits cause their investment would have probably doubled or tripled, but it's very unlikely that they would actually do that, honestly I think the main reason they are buying bitc is because it is a limited currency and the price tends to go up rather than leave the money in fait that the purchasing power keeps discreasing,so there's no need to be afraid.

And also, I don't think they will just dump it for no reason. They will only dump it when they already lose their faith to bitcoin. They may sell some from time to time, but I don't think they will dump it all at once. And even if one company is selling, I don't think others will follow thru. They have their reasons why they invested in bitcoin. Don't think that their main goal is to destroy bitcoin here. I believe, they are mainly looking for huge profits in the future.

Traderbtcc

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Not sure if these companies or corporations buying bitcoin will want to dump their bitcoin later, although they would be tempted to take profits cause their investment would have probably doubled or tripled, but it's very unlikely that they would actually do that, honestly I think the main reason they are buying bitc is because it is a limited currency and the price tends to go up rather than leave the money in fait that the purchasing power keeps discreasing,so there's no need to be afraid.

seoincorporation

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When a big company buys bitcoins isn't for a short time trade, they buy them to have it as an active of the company. The only reason for them to sell the bitcoin is only if the business hits bankruptcy, and is hard to see this scenario because the companies who invest in bitcoin is because they have enough money to do it.

As a good example we have tesla, they spend a big amount of money in bitcoin and that is a nice backup for the markets to hold the price over $50k.

Ebede

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I think that no one can destroy bitcoin because is a digital currency, saying anything concerning destruction of bitcoin, I don't think it's something that can work out, because considering that bitcoin regulate itself the chances of a particular group to destroy it is very difficult from my insight, I don't know for others that is having other suggestions concerning bitcoin destruction.

rokon1234

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I think they knew how good the future of bitcoin and that's why they invested in bitcoin.I don't think selling their bitcoins will have a big impact on the price of bitcoin now.Because now bitcoin is at a very good level and no company would want to lose with bitcoin sales.so, i think it's not time to think about bitcoin distroy, it's time to buy bitcoin and hold for profits.

Bilgent

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Quote from: crytolog on February 10, 2021, 02:50:41 PM

The big companies are buying bitcoin and manipulating the market. one day they will start to sell all bitcoins and we will have a very big shock. imagine that you think that crypto is your enemy, if you want to destroy it, first you will buy as much as you can, you will make the market goes up, after you will sell all coins and you will destroy the market, take money of small investors and make them hate the crypto.

when i saw a company buy big amount of coin, i afraid.

Many people will sell eventually but it doesn't mean that it will be the end of Bitcoin. Destroying Bitcoin is not that easy and I even think that it's impossible. But when we see a huge sell, it will affect the price very deeply that's for sure. It'll go down very sharply most probably.

mbe48

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I don't have that kind of thinking, the thing that makes Bitcoin price high is because of the support from big companies that have entered the Crypto market. If that statement you mentioned happened, I think competition will bring down the company too. Suppose the price of bitcoin is $ 1000, when company (A) buys a large amount which causes the price of bitcoin to rise to $ 5000, so if the company wants to sell it again must make a profit first. And if the company makes a big sale, at least the bitcoin price will return to its original price ($ 1000). That's in my opinion, if there is an error please correct it

Bitcoinislife09

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Quote from: crytolog on February 10, 2021, 02:50:41 PM

The big companies are buying bitcoin and manipulating the market. one day they will start to sell all bitcoins and we will have a very big shock. imagine that you think that crypto is your enemy, if you want to destroy it, first you will buy as much as you can, you will make the market goes up, after you will sell all coins and you will destroy the market, take money of small investors and make them hate the crypto.

when i saw a company buy big amount of coin, i afraid.

I kinda have the same though but as long as I have bitcoin investment it's a good thing for now because companies are interested and also investing in bitcoin because it just makes the price skyrocket. But if the price of bitcoin continues to pump or skyrocket in the coming years it just getting riskier to keep your investment in bitcoin at some point you need to withdraw some of it or maybe convert it to stablecoin to secured that money. The higher the price the higher the chance it will fall apart in my opinion.

Noctis Connor

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Quote from: Mr.sprin on February 11, 2021, 03:15:18 AM

I think they buy bitcoin with a lot of size is not the goal to destroy bitcoin maybe they think in the future bitcoin can be the best asset and they don't sell all their bitcoin assets not for sale but they keep it and they barter with bitcoin what do you think, is You agree with me?

It's true as Elon Musk say crypto currency is for the people are it is the future of the world people now are optimistic even you say it will drop in the future it will still rises and no one can explain bitcoin future we just go on the flow even banks compete bitcoin they can't still bring it down if those companies sell their coins in the long run then bitcoin still the same because bitcoin started itself without them and it is decentralize as long as their a user it will run , example of tesla they bough bitcoin with there profit and when elon musk decided to sell it. let's say he can make small impact but doesn't mean bitcoin will gonna destroy and no one can manipulate the market.

davis196

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Quote from: crytolog on February 10, 2021, 02:50:41 PM

The big companies are buying bitcoin and manipulating the market. one day they will start to sell all bitcoins and we will have a very big shock. imagine that you think that crypto is your enemy, if you want to destroy it, first you will buy as much as you can, you will make the market goes up, after you will sell all coins and you will destroy the market, take money of small investors and make them hate the crypto.

when i saw a company buy big amount of coin, i afraid.

The Bitcoin price has little to do with the Bitcoin core blockchain.Even if the Bitcoin price drops back to 1K USD,the BTC blockchain will continue to exist and the Bitcoin price might recover.
Crashing the Bitcoin price doesn't mean destroying Bitcoin/blockchain.
I don't mind,if all the big investors and crypto whales start selling their BTC.A bear market would mean cheaper bitcoins for the small investors.

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A complete collapse of bitcoins can be assumed if all international banks begin to introduce competing means of payment and at the same time massively prohibit bitcoin itself. This is most beneficial for the regulators themselves since it is easier for them to accept their cryptocurrencies.
But it is naive to think that all companies that have invested their capital in bitcoin will start selling it overnight. Today, many understand the benefits of owning bitcoin, and according to Michael Saylor, CEO of MicroStrategy, an "avalanche of companies" is expected to add bitcoin to their balance sheets.

Slow death

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Quote from: crytolog on February 10, 2021, 02:50:41 PM

The big companies are buying bitcoin and manipulating the market.

after I saw Tesla buying lots of bitcoins, I also thought about what it will be like the day they decide to sell all bitcoins. Of course, they can use another means that does not destroy the market, but even so the news channels will say that they sold bitcoin worth X and will start selling panic. so far this is a very risky and manipulated market because any person of the caliber of Elon Musk.

If Facebook owner came to say they bought a lot of bitcoin? at the same time the bitcoin price would increase a lot. it is clear that both altcoins and bitcoin are still the target of this type of manipulation

Quote from: crytolog on February 10, 2021, 02:50:41 PM

one day they will start to sell all bitcoins and we will have a very big shock.

true, but this is a market so no one is prevented from buying bitcoins, the problem is with people who buy only because someone like Tesla said he also bought

Quote from: Charles-Tim on February 10, 2021, 02:59:06 PM

Bitcoin market is hard to be manipulated, unlike the altcoins.

bitcoin is manipulated like altcoins. bitcoin price only reached $48,000 thanks to Elon Musk

Look this:

Lawyers warn Elon Musk’s Bitcoin tweets could attract SEC’s ire

arwin100

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Quote from: crytolog on February 10, 2021, 02:50:41 PM

The big companies are buying bitcoin and manipulating the market. one day they will start to sell all bitcoins and we will have a very big shock. imagine that you think that crypto is your enemy, if you want to destroy it, first you will buy as much as you can, you will make the market goes up, after you will sell all coins and you will destroy the market, take money of small investors and make them hate the crypto.

when i saw a company buy big amount of coin, i afraid.

Don't be surprised since it normally happens that's why you should have a safety point on your capital so that you will not lose all your money in a single blink only. Maybe better for this situation is to invest a 50% since if everything's goes bad you have another amount to used, but if market goes good then you can roll it more to accumulate more money.

blckhawk

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Quote from: crytolog on February 10, 2021, 02:50:41 PM

The big companies are buying bitcoin and manipulating the market. one day they will start to sell all bitcoins and we will have a very big shock. imagine that you think that crypto is your enemy, if you want to destroy it, first you will buy as much as you can, you will make the market goes up, after you will sell all coins and you will destroy the market, take money of small investors and make them hate the crypto.

when i saw a company buy big amount of coin, i afraid.

Well, I can't deny they have the power to manipulate the whole market because the amount they hold can make a lot of difference. It is more like a double-edged sword wherein they can make an uptrend market if they buy a huge amount of coins and a downtrend if they started to sell-off. So yeah, it would likely cripple the market for a while. But it is no the end though if they sell because there will be few small investors, retailers, and strong believers who will take the opportunity to buy at a cheap price.

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