Good or Bad - Blackrock Buying BTC | Bitcointalksearch.org

moneystery

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Quote from: CryptoBuds on June 18, 2024, 11:05:01 PM

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Everything has two sides and blackrock's participation in the market will have negative and positive impacts on the market. But the important thing is that if Blackrock investing in bitcoin is a bad thing, what should we do and how can we stop them? I don't see any way to stop funds or institutions from jumping into the market, so the only thing we can do is adapt to every change so we don't get left out of the game until we achieve our goals.

yes, everyone has the same right to participate in investing in bitcoin, even when it is a big institution like blackrock or a country, they have the same right to buy bitcoin from the market. the openness of the bitcoin market to everyone certainly has its advantages and disadvantages, but even so we cannot prevent these big players from entering and starting to accumulate more bitcoin. so with more and more big players entering, we as small investors must understand the risks and be prepared for any changes in the market.

CageMabok

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Quote from: fauzan Ichsan on June 17, 2024, 11:12:41 PM

We who are just small fish must know what the big fish want. and if we go against the flow without good skills then our struggle will be in vain. There's really nothing we can do apart from reading about opportunities to make a little profit. Let's imagine when Doge was taken to the moon by Elon, if we could read Elon's mind, of course we would have achieved financial freedom as an individual

There is nothing wrong with small fish who struggle to become big in any condition, because basically everyone also needs much more profit after spending more capital. Because it is about courage in acting and courage in taking advantage of the best moment so that it does not affect being able to read someone's mind as long as what we buy is the best asset like Bitcoin. And BlackRock certainly already knows that what they bought was the right thing even though their actions in buying Bitcoin can also have an effect on increasing the price of altcoins in the market.

BALIK

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Quote from: PrivacyG on December 28, 2024, 04:50:10 PM

But I bet a lot of the people cheering on Blackrock purchasing Bitcoin today will cry by the time they sell. It is an euphoria I will not understand.

If I remember correctly there were 2 or 3 threads talking about Michael Saylor buying bitcoin and the interesting thing is that most people were praising and supporting Michael Saylor buying bitcoin. Although I agree that there is no way we can stop them from buying bitcoin but it is silly for us to support and cheer on what they are doing. They are trying to take our money and hurt us but many people are excited about this, it's weird.

Soon, those who are excited and cheering for Blackrock, Michael Saylor will turn around and criticize and curse when they dump bitcoin massively into the market.

Quote from: PrivacyG on December 28, 2024, 04:50:10 PM

They can and will one day dump BILLIONS on us at any time, how is that positive news?

Not just Blackrock, Michael Saylor will sooner or later dump billions on us when they have enough profit.

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BlackRock, along with other Bitcoin ETFs, is not directly in control; it’s the institutional clients who buy and sell the ETFs through BlackRock. BlackRock merely collects fees, similar to ARK Invest. Cathie Wood, once a favorite in the investing world, now stands as an example of poor investment decisions. After the bear market hit, ARK Invest has lost $14 billion of investors' funds.

We are now entering the first depression since the 1970s, marking the first real test for Bitcoin since 2009. Additionally, during the COVID pandemic on March 12, 2020, Bitcoin plummeted from $8,000 to $3,400. How can that be considered a hedge against inflation with such a significant drop?

I’m simply noting that most of the gains have already been absorbed, and now, large whales control the market. For example, Bitcoin dropped from $103K to $92K due to ETF selling, not retail investors.

PrivacyG

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Quote from: Marvell1 on March 31, 2024, 07:51:21 AM

there is nothing wrong or it would be foolish if someone decided to sell their bitcoins after they have reached their profit target. I bet you, sooner or later after collecting enough bitcoins and enough profits, blackrock will also sell their bitcoins, will you call them idiots then?

I will not call them idiots. They are smart for investing in Bitcoin although late. But I bet a lot of the people cheering on Blackrock purchasing Bitcoin today will cry by the time they sell. It is an euphoria I will not understand. They can and will one day dump BILLIONS on us at any time, how is that positive news?

DiMarxist

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Black Rock and another company of financial masters have been investing in cryptocurrencies and recently both them have invested in Ethereum with the total sum of 101,390 Eth which can be equivalent to $342.2 in this very week. And one thing I discovered is that those elites who are addicted investing in bitcoin, always buy whatever there is a slide reduction in the market.
That is another good plan of the DCA method. When Ethereum hit $39+k they didn't buy now that the price is coming down they buy it again because they know that when Donald Trump is finally swear in as the US president things will change in the crypto community. So this is the best time to accumulate again.
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justdimin

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Quote from: CryptoBuds on June 18, 2024, 11:05:01 PM

Blackrock or Saylor may not have control over bitcoin, but their holding of 1% or 10% of the total supply would give them enough power to manipulate the price in their favor. What they want is big profits from bitcoin, not control over bitcoin or make it completely centralized.

Everything has two sides and blackrock's participation in the market will have negative and positive impacts on the market. But the important thing is that if Blackrock investing in bitcoin is a bad thing, what should we do and how can we stop them? I don't see any way to stop funds or institutions from jumping into the market, so the only thing we can do is adapt to every change so we don't get left out of the game until we achieve our goals.

That is "price" that they are controlling, not bitcoin. We need to learn the difference because a lot of people keep forgetting what decentralized is, and what control means.

Yes, anyone can control the price, Biden could come out tomorrow and say that bitcoin is banned in USA which would crash the price all together. I think G7 is together now? Was it g7? G20? Whatever it is, there were plenty of leaders the other day all together, they could all come out and say they decided to ban bitcoin, or tax bitcoin profits 50%, whatever bad, and it would crash the price. THAT is still possible, that is not control, control is that none of them could ever take your bitcoin if you securely store it, THATS the real power of bitcoin and nobody can do anything to change that.

CryptoBuds

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Quote from: darkangel11 on June 15, 2024, 02:49:03 PM

Quote from: Psalms23 on June 15, 2024, 10:26:09 AM

BlackRock buying Bitcoin can be a mixed bag. On the bright side, it legit adds credibility and can boost confidence among other big investors, making Bitcoin more mainstream. Plus, it could improve market liquidity, making it easier to trade.

But on the flip side, it might give BlackRock too much control, which could mess with prices. It also goes against Bitcoin’s vibe of being decentralized, concentrating power in fewer hands. And with big players involved, we might see more price swings and attract more regulatory heat. So, it's a mix of good and bad, depending on how you look at it.

How does owning some bitcoin give anyone control over the asset? How does owning 1% of the supply gives anyone too much control?
That's literally nothing. Saylor also aims to own 1% at some point. Even if corporations all together own 10% it's still nothing.

IMO the fact they want it is a great advantage. They're going to promote bitcoin worldwide and make people aware of its advantages over fiat money and gold.

Blackrock or Saylor may not have control over bitcoin, but their holding of 1% or 10% of the total supply would give them enough power to manipulate the price in their favor. What they want is big profits from bitcoin, not control over bitcoin or make it completely centralized.

Everything has two sides and blackrock's participation in the market will have negative and positive impacts on the market. But the important thing is that if Blackrock investing in bitcoin is a bad thing, what should we do and how can we stop them? I don't see any way to stop funds or institutions from jumping into the market, so the only thing we can do is adapt to every change so we don't get left out of the game until we achieve our goals.

fauzan Ichsan

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Quote from: btc78 on June 17, 2024, 10:05:26 PM

Quote from: bettercrypto on June 15, 2024, 01:22:16 PM

Well, in the first place, there is nothing we can do if the Blackrock OP buys a lot of Bitcoin. The only thing that is worrying is that if they get the majority supply of Bitcoin, we will immediately see that they have the capability to really control it. the market.

If this were to happen, it is worth noting that it is not only blackrock that would be considered a whale in the market. Many organizations, sometimes even just individuals, who own a tremendous amount of btc and any movement from them can cause a shift in price. Your btc is still your btc and they can't really do anything to directly control it.

They should be conscious of how their actions may affect the market and investors should be able to identify if it is only a whale moving or it is genuinely a reflection of how people perceive bitcoin.

We who are just small fish must know what the big fish want. and if we go against the flow without good skills then our struggle will be in vain. There's really nothing we can do apart from reading about opportunities to make a little profit. Let's imagine when Doge was taken to the moon by Elon, if we could read Elon's mind, of course we would have achieved financial freedom as an individual

btc78

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Quote from: bettercrypto on June 15, 2024, 01:22:16 PM

Well, in the first place, there is nothing we can do if the Blackrock OP buys a lot of Bitcoin. The only thing that is worrying is that if they get the majority supply of Bitcoin, we will immediately see that they have the capability to really control it. the market.

If this were to happen, it is worth noting that it is not only blackrock that would be considered a whale in the market. Many organizations, sometimes even just individuals, who own a tremendous amount of btc and any movement from them can cause a shift in price. Your btc is still your btc and they can't really do anything to directly control it.

They should be conscious of how their actions may affect the market and investors should be able to identify if it is only a whale moving or it is genuinely a reflection of how people perceive bitcoin.

darkangel11

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Quote from: Psalms23 on June 15, 2024, 10:26:09 AM

BlackRock buying Bitcoin can be a mixed bag. On the bright side, it legit adds credibility and can boost confidence among other big investors, making Bitcoin more mainstream. Plus, it could improve market liquidity, making it easier to trade.

But on the flip side, it might give BlackRock too much control, which could mess with prices. It also goes against Bitcoin’s vibe of being decentralized, concentrating power in fewer hands. And with big players involved, we might see more price swings and attract more regulatory heat. So, it's a mix of good and bad, depending on how you look at it.

How does owning some bitcoin give anyone control over the asset? How does owning 1% of the supply gives anyone too much control?
That's literally nothing. Saylor also aims to own 1% at some point. Even if corporations all together own 10% it's still nothing.

IMO the fact they want it is a great advantage. They're going to promote bitcoin worldwide and make people aware of its advantages over fiat money and gold.

Stablexcoin

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As much as I know buying Bitcoin is not bad. If the demand for buying Bitcoin in Blackrok is so high then I do not see any big deal in it as long as I can successfully buy my Bitcoin where I am without any problem. There will only be a problem when there is difficulty in buying Bitcoin from my end. Maybe exchange shutdown, mining problems, or other factors as a result of the Blackrok buying which i unthinkable to happen.

bettercrypto

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Well, in the first place, there is nothing we can do if the Blackrock OP buys a lot of Bitcoin. The only thing that is worrying is that if they get the majority supply of Bitcoin, we will immediately see that they have the capability to really control it. the market.

But if only a balance happens, for sure they will not be able to control the market; it may only affect them, but they will also be able to recover immediately, although I know that this is impossible because of the expensive price that Bitcoin has now, although there is a retracement that is happening right now here in the market.

stompix

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Quote from: MRY on May 15, 2024, 01:06:02 PM

When all Bitcoin in circulation is bought by Blackrock, this will be very dangerous but it will also be a breath of fresh air for those who mine and hold Bitcoin when the price is still cheap. What makes it dangerous is that there will be an opportunity for Blackrock to control the circulation and price movements of Bitcoin on the exchange.

If all Bitcoins are brought by Blackrock how come there are still people holding coins?
If Blackrock owns all the coins it can't control the price, it can only put a limit on how low they would sell, but who would be interested in buying centralized assets like you say it would?

Also it seems like almost everyone is forgetting something, Blackrock is not buying directly Bitcoins, Blackrock buys Bitcoins for the persons that invest in their ETF, if those sell their shares Blackrock will be forced to sell the coins also to pay them up.

Quote from: coolcoinz on May 15, 2024, 01:18:22 PM

Are you aware that the more they buy the higher the price will be, potentially scaling up to infinity?

Not necessarily, you also need extra demand for that besides Blackrock, and the moment you have a single entity owning half of the coins a lot of investors and more importantly users will start to have serious thoughts on further purchasing coins and not moving to a different coin. If the price would indeed keep on going up no matter what then there is no way BR would stop buying since with every buy the rise the value of their portfolio to the same infinity, right?

leonair

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Quote from: Franctoshi on May 15, 2024, 01:48:18 PM

For Bitcoin to attract institutional investors like Blackrock to come invest into it , What does that tell you, it tells you that Bitcoin is no longer a small investment digital asset, and In the aspect of liquidity it indeed a good thing Because Bitcoin needs liquidity for we to get where we are headed to ,that's seeing Bitcoin smashing that 100k level or more everyone has been hoping for ,But not just Blackrock only, also seeing other institutional investors getting into Bitcoin is something very interesting and of something that will become of much attention for anyone to get in when they've seen the category of investors such as Blackrock you've made mention.

It is true that if Blackrock buys all bitcoins, it will be hazardous. But you said it would be cheap, do you know what it might cost? It will go up in price the more I buy. Not only Blackrock but other big institutions are coming forward to invest in Bitcoin. In such a situation, it is understood that Bitcoin will exceed 100 thousand. Please tell me what you think.

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Quote from: target on May 15, 2024, 11:28:22 AM

Quote from: bots1 on May 15, 2024, 10:55:34 AM

For people who have been holding BTC all this time, the presence of Blackrock buying more BTC will have a positive impact on holders because it will influence a very significant increase in the price of Bitcoin. Therefore, Blackrock buying more BTC will be good news for holders because they can get huge profits from the very significant increase in BTC prices.

There are assumptions they will buy up all the BTC, it's kind of a conspiracy theory really but they have a point in thinking that Blackrock is out to get all BTC and control the crypto industry. It's not far-fetched when you think about what Blackrock has been doing in the past. Blackrock buying BTC is good for the industry but for decentralization, I think it's not.

If they own all the BTC then what's the point of them holding it ? If nobody buys BTC then there is no value of it anyway.
You know, it's not that easy to buy all the BTC. I would say the word is impossible because a lot of bitcoin are already lost.
Whatever is present in the active circulation is owned by a lot of people and so getting hands on them wouldn't be a piece of cake.

Psalms23

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BlackRock buying Bitcoin can be a mixed bag. On the bright side, it legit adds credibility and can boost confidence among other big investors, making Bitcoin more mainstream. Plus, it could improve market liquidity, making it easier to trade.

But on the flip side, it might give BlackRock too much control, which could mess with prices. It also goes against Bitcoin’s vibe of being decentralized, concentrating power in fewer hands. And with big players involved, we might see more price swings and attract more regulatory heat. So, it's a mix of good and bad, depending on how you look at it.

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Quote from: boyptc on May 15, 2024, 06:57:44 PM

Whether our opinions tells us that this is bad, we can't do anything with that. Before, we like to see them in the market together with us but many of them are skeptical about Bitcoin.

Now, they're here and note that they're not "all" here and soon the others will just follow them.

There's no way around in here but to be adaptable with the changes in the market and who's getting in and out. As a small investor, you need to be adaptable and be always updated with the trend.

Well said, we can't do anything to stop them even if they have bad intentions when entering the market, so whether their participation is good or bad is not a matter of our concern. What we need to do is find ways to adapt to what happens when they enter the market with us.

I know there are many people who are upset and unhappy when large funds like Blackrock enter the market, but we should also make a fair assessment that blackrock buying bitcoin is not as bad as we think. We must admit that thanks to the bitcoin ETF and Blackrock buying BTC, bitcoin's popularity is growing at a faster rate. Everything has pros and cons, IMO.

boyptc

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Whether our opinions tells us that this is bad, we can't do anything with that. Before, we like to see them in the market together with us but many of them are skeptical about Bitcoin.

Now, they're here and note that they're not "all" here and soon the others will just follow them.

There's no way around in here but to be adaptable with the changes in the market and who's getting in and out. As a small investor, you need to be adaptable and be always updated with the trend.

bettercrypto

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Quote from: worldtraveller321 on March 29, 2024, 04:44:52 PM

So right now it seems the corporations want all of BTC. With Blackrock buying lots and lots of BTC. I consider this a catch 22 and a mix of good and bad.
What are your thoughts on this?

Sure for anyone who hodls BTC and Blackrock buying more, value goes up. so it works for people already holding BTC.
Yet it makes it harder for others not in the market yet to buy more amounts , they will have to consider buying less now if on a budget.

Is this a case of too much too soon? or do you think Blackrock a good thing? thoughts?

Those institutional investors who have given support to the Bitcoin spot Etf can say that they will not really lose their interest to save bitcoin in their personal accounts. And take note that they always buy a small amount of bitcoin here. And Blackrock is already leading the way in this regard.

And if they will sell it, no one knows; maybe they have set a different amount of bitcoins to sell the others once they reach 100k$ each of bitcoins, in my opinion.

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