Topic: Destroying Bitcoin - page 2. (Read 429 times)
@OP, as if all those who bought Bitcoin are not into profit. Why worry about things that will happen naturally (selling BTC at a profit). I think this thing (selling of BTC) will happen to whoever holds it, may it be a normal investor or an institution. As if the amount of supply of BTC is affected when an institution buys and sells it. So worry not, BTC has a finite supply, so it does not matter who ever buy or sell it, as long as there is demand, I don't think the price will crash to oblivion if ever these institutions sell their holding.
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.
If Tesla truly directly bought $1.5 billion worth of BTC and then at some point decides to sell it all at once or very fast, it can indeed have a strong impact on the price (especially the FUD that would spread in the media in that case). However, this is nothing Bitcoin cannot recover from. It can trigger the burst of the price and Bitcoin losing more than a half of its current price, and then it might take a few years to recover once again, but I think it's not a likely scenario and even if something like that happens, it's not that terrible. I still think that $15k is a really good BTC price, so it would be fair if eventually Bitcoin goes down to it. Furthermore, even a big decrease of the price is not destruction of Bitcoin because Bitcoin survives and no coins are destroyed in the process. when i saw a company buy big amount of coin, i afraid.
As for anything that can be feasible, bitcoin will not happen for now, even if critics might guess that bitcoin could hit its zero value.
I only see that bitcoin may destroy for a possible reason if that happens.
1) People stop investing in bitcoin because they may have seen other better options in which to invest. From what I see, for now, it won't happen.
2) There is one virus that has crushed the cryptocurrency. Well, we all know that a virus is a virus, so we don't just say that some malware is powerful enough to kill the road bitcoin is walking on.
3) Perhaps there has been a miracle that all the people who invest in bitcoin sell their bitcoin all at once. As we know, the value of bitcoin movements depends on the investors.
I only see that bitcoin may destroy for a possible reason if that happens.
1) People stop investing in bitcoin because they may have seen other better options in which to invest. From what I see, for now, it won't happen.
2) There is one virus that has crushed the cryptocurrency. Well, we all know that a virus is a virus, so we don't just say that some malware is powerful enough to kill the road bitcoin is walking on.
3) Perhaps there has been a miracle that all the people who invest in bitcoin sell their bitcoin all at once. As we know, the value of bitcoin movements depends on the investors.
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 bigger the market, the harder it to manipulate in my opinion. There could be whales that can move the market, but with so many players, manipulation could be a thing of the past now. And those companies doesn't think that bitcoin is an enemy, on the opposite they saw it as a friend, Tesla for example has bitcoiin "as solid reserve asset for any balance sheet". So it's very hard to us to think that they are just going to sell it to make profit. So stop being afraid of something that doesn't exists. when i saw a company buy big amount of coin, i afraid.
I think it is almost a no-brainer to invest in bitcoin considering that every major world currency is devaluating both against it, and naturally as all fiat currencies are doomed to lose their value on the long run. Bitcoin is like gold for nation states: new Fort Knoxes will be digital and will be based on our digital currency.
The big companies that bought bitcoins bought it to trade with it, not to destroy it!If they do that,the bitcoin market will not be hit.
Why?
Because a large share of Bitcoin is in the hands of people like you and me who will manage the market, and these companies seem to be strong, but the main power of Bitcoin is in the hands of the people who have made up the majority. I dont worry about that day,Because I know that selling a bitcoin by a company will not hit the bitcoin market.
Why?
Because a large share of Bitcoin is in the hands of people like you and me who will manage the market, and these companies seem to be strong, but the main power of Bitcoin is in the hands of the people who have made up the majority. I dont worry about that day,Because I know that selling a bitcoin by a company will not hit the bitcoin market.
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?
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.
when i saw a company buy big amount of coin, i afraid.
Your logic is weak because those companies don't have the same strategies when it comes to their investment. of course, some will win and some will lose. you just need to choose the right timing to sell yours. You cannot stop this kind of thing from happening and most of all there's no such thing in the investment where you won't ever lose. Of course, If they wanted to hold their BTC when the price is quite high, then they are free to do so, and when they chose to hold it for long they have completely free to do so as well.
That's true. Not all big companies will do have that kind of strategy, but if they did, us individual investors should not be afraid. They are in the same standing as us. Do they know when will bitcoin fluctates? or when will the correction ends? At the end, we are all holding our bitcoins without knowing the definite price of bitcoin in the future. No one controls it, that's for sure. Not any name, organization.
I don't think so, i think Tesla really care about bitcoin and from my opinion it's very hard to manipulate bitcoin.
Bitcoin it's a free market like other investment and when some people want to buy in big amount, it doesn't really matter.
Bitcoin it's a free market like other investment and when some people want to buy in big amount, it doesn't really matter.
I have not seen anything wrong for those potential companies that are purchasing cryptocurrencies especially bitcoin, from what I captured concerning buying bitcoin and store by companies is that they have find out the important of cryptocurrencies, for them to buy crypto massively I think is one of the factors that's making bitcoin to speed up in price, so from my perspective I don't think that shall destroy bitcoin, no, the only thing I know that can disturbed cryptocurrency is government if all the leaders of country order people not to adopt use of crypto in her country, that is all only thing that can destroy bitcoin because people will be afraid of purchasing it because they will be no source to sell it, plus arrest by the government.
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.
TBH, when Grayscale started to buy some Bitcoins at a huge amount I know that this might happen in the future. when i saw a company buy big amount of coin, i afraid.
Institutions may or may not manipulate the market but one thing is for sure, they have the power to manipulate the market and they can sell their Bitcoins anytime they want to.
What we average Joes can do right now is to just ride the waves since there is nothing we can do to stop it. Plan ahead is the only thing that we can do. Make an exit strategy, and reaccumulate when Bitcoin will go down because for sure there will be a time that Bitcoin and crypto will undergo a massive correction. When it will happen? We don't know and right now there is no sign for it at the present.
One thing more is that I don't want to use the term "destroy" but "manipulate" would be the appropriate word for it. Big companies can buy Bitcoin anytime then want since it is a free market after all but it doesn't mean that they can destroy it.
I fully understand your fear, and I am sure you are not alone with that kind of thinking. I myself have been entertaining that kind of scenario where a group of corporations can be able to control the price of Bitcoin anytime they want to. However, I am now seeing that this can be a myopic view of looking at Bitcoin. One thing for sure is that the bigger the market cap of something then the lesser it can be manipulated though we have to understand also that manipulations of all types legal and illegal are existing anywhere...like your very own neighbor can be manipulating you with her smiles and winks (just kidding). In reaction to this, I am wondering if a regulated and licensed ETF for Bitcoin can be achieving its own type of manipulation of this said asset...this is also the fear of some.
People who are in bitcoin to make money (more fiat) and would hate bitcoin if its price goes down are better hate bitcoin sooner than later and then make their exit because they don't even know what bitcoin is and they don't care about it at all. Instead they care about fiat and want more of it.
Bitcoin won't be destroyed if its price dropped, even if the drop was significant. However bitcoin will be damaged the more idiot users it has who only care about their fiat profit!
Bitcoin won't be destroyed if its price dropped, even if the drop was significant. However bitcoin will be damaged the more idiot users it has who only care about their fiat profit!
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 can understand that it is a genuine concern when it comes to decentralized crypto(or even centralized) that an entity might manipulate it for their personal gains. Granted it is a bit harder to manipulate something with a marketcap of $832,178,225,072. I do suspect and even Peter Schiff mentioned that Tesla bought BTC and then created hype around it and is now selling it away slowly. I havent researched about it but it could potentially be true. when i saw a company buy big amount of coin, i afraid.
Pretty scary thought but I don't think that we have to worry about for a long time because in the worst case that they are going to sell their bitcoin to profit, they might crash the prices but they will definitely be buying it back at a lower price. As long as there are a lot of individual investors on the market, bitcoin will never be destroyed.
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.
when i saw a company buy big amount of coin, i afraid.
Your logic is weak because those companies don't have the same strategies when it comes to their investment. of course, some will win and some will lose. you just need to choose the right timing to sell yours. You cannot stop this kind of thing from happening and most of all there's no such thing in the investment where you won't ever lose. Of course, If they wanted to hold their BTC when the price is quite high, then they are free to do so, and when they chose to hold it for long they have completely free to do so as well.
So do you think that What Tesla did is destroying bitcoin in the market?
Bitcoin will not be destroyed and will surely exist as long as there are people who are investing on it.
Many people said that bitcoin will crash, but that's normal in a certain investments. Assets do really crash because market is volatile and unpredictable which is what makes investment risky. If big companies can buy massive amount of bitcoin, then why not? We, small investors should just rely on them and read the market properly so that we can still also make our bitcoin investment profitable.
Bitcoin will not be destroyed and will surely exist as long as there are people who are investing on it.
Many people said that bitcoin will crash, but that's normal in a certain investments. Assets do really crash because market is volatile and unpredictable which is what makes investment risky. If big companies can buy massive amount of bitcoin, then why not? We, small investors should just rely on them and read the market properly so that we can still also make our bitcoin investment profitable.
Why would you be?
These companies have their own goals of buying Bitcoin but I don't think manipulating the market is one of them. With the number of investors, including whales that bought bitcoin earlier than them, that owns thousands of Bitcoins, you think they could manipulate the market?
Another thing is that, do you think people will not be taking that dumps as an advantage? There will be a lot of new investors and for sure they are waiting for the price to dump. If the price ever dumps so hard which I don't think will happen anytime soon, it will just shoots back up.
These companies have their own goals of buying Bitcoin but I don't think manipulating the market is one of them. With the number of investors, including whales that bought bitcoin earlier than them, that owns thousands of Bitcoins, you think they could manipulate the market?
Another thing is that, do you think people will not be taking that dumps as an advantage? There will be a lot of new investors and for sure they are waiting for the price to dump. If the price ever dumps so hard which I don't think will happen anytime soon, it will just shoots back up.
You are too fearful of something which only exists in your imagination. Quit it!
Why are you with Bitcoin in the first place? Is it because of what Bitcoin has to really offer or solely because of Bitcoin's price? If the former, then you wouldn't be afraid. Bitcoin essentially remains as it is despite the price. If the latter, then just hope that those huge companies are not like you, that they see something really worthy in Bitcoin apart from its potential growth in price.
However, it is my strong belief that Bitcoin's fundamental features somehow explain why the current and future price. If some companies end up getting into Bitcoin solely for the profit, then I guess they're not to kill Bitcoin nor the real interest of other companies.
Why are you with Bitcoin in the first place? Is it because of what Bitcoin has to really offer or solely because of Bitcoin's price? If the former, then you wouldn't be afraid. Bitcoin essentially remains as it is despite the price. If the latter, then just hope that those huge companies are not like you, that they see something really worthy in Bitcoin apart from its potential growth in price.
However, it is my strong belief that Bitcoin's fundamental features somehow explain why the current and future price. If some companies end up getting into Bitcoin solely for the profit, then I guess they're not to kill Bitcoin nor the real interest of other companies.
destroying your bitcoin is just simple throw away your private key to fire 
or simply send to me
destroying bitcoin hashrate you need hack the internet or at least destroy the mining farm in many country
but destroying bitcoin price like all said in above is hard and company like tesla and other simply won't destroy it because they actually invest in it
or simply send to medestroying bitcoin hashrate you need hack the internet
or at least destroy the mining farm in many country but destroying bitcoin price like all said in above is hard and company like tesla and other simply won't destroy it because they actually invest in it
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