It's always important to understand the importance of accumulating of bitcoins in implying the DCA method. This would help you manage your purchasing conscience in the sense that you can budget a specific amount of money to be Invested and then you watch over the market trends so you gradually accumulated based on the fluctuating potentialities of the markets trends. It can either befalls to favour your purchasing where you can actually buy more or goes against your wills where you'd have no choice than to buy at any amount that the market is currently trending which by any means, you can meet the market when the value is depreciating or appreciating.
But I can tell you that the current market trends is not too high for who's coming in newly to the bicoin industry to buy theirs and hodl in as much we haven't reached to the bull run yet.
While on the DCA method, you can also decide to hold on to your accumulations until halving but you it could be dramatic that while you're waiting for the halving, who just bought at the moment could be lucky to catch up with the further increments they market may offer before the halving.
Topic: Good or Bad - Blackrock Buying BTC - page 4. (Read 752 times)
Every buy of Bitcoin makes the Bitcoin in your possession more valuable. So the more they continue to buy, they more Bitcoin strengthens and by extension becomes better for those that already have some. You may be speaking from the angle of them creating monopoly which can be used to manipulate Bitcoin price. While this is possible in the future, it will not be easy for them to achieve because there is also associated risk to them and they are aware of it. Do not worry about their buys, just protect what you have and allow them continue to buy because their action will surely turn to your advantage.
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Good or Bad - Blackrock Buying BTC
Everything has pros and cons, if they buy a large amount of bitcoin, it will push the price of bitcoin up, but if they sell bitcoin and take profits, it will also cause the market to fluctuate. And what's more important is that there's nothing we can do to stop them, so there's no need to discuss whether them holding a lot of bitcoin is bad or good.
Many people want bitcoin to become popular but they forget that once bitcoin becomes popular, it is inevitable that large funds will jump into the market and buy the majority of bitcoin. As well as governments will get involved and there will be more regulations for bitcoin and the cryptocurrency market. We need to adapt to what comes next because we cannot fight them.
Well, it has its upsides and downsides. The rise of the price should've come at some point, and it comes with problems for people to start buying, but benefits long-term holders, just as always. I'm just trying to say that it depends on person, is it good or bad for them. It's definitely good for me, I don't have large amounts of BTC, but it's good to see new ATHs.
Every event will always have advantages and disadvantages. Institutional investors will increase Bitcoin awareness and adoption. They will also contribute to the increase in the price of the currency. Which means more money for long-time holders. Many people would never invest in Bitcoin directly except they use third parties. So it is good news for them since they can now invest through ETF.
The disadvantages will be more centralisation which undermines the ideology of Bitcoin. There will also be more regulations and invasion of privacy. It could also lead to misinformation since people might think that these third parties are the only means of investing in Bitcoin. Some persons use Bitcoin to avoid tax but with this investment platform, avoiding tax might be difficult.
The disadvantages will be more centralisation which undermines the ideology of Bitcoin. There will also be more regulations and invasion of privacy. It could also lead to misinformation since people might think that these third parties are the only means of investing in Bitcoin. Some persons use Bitcoin to avoid tax but with this investment platform, avoiding tax might be difficult.
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?
Blackrock buying bitcoins is neither good nor bad, but this is reality. No matter how you feel about it, you can't influence the outcome or change it.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?
Exactly. Even if it is not beneficial to us, we cannot keep on complaining
because there’s nothing we can do about it
Instead we should start thinking of ways how to accumulate more bitcoin
even if it sounds impossible because complaining will get us nowhere
I think it's great news if Black Rock buys Bitcoin. I think if they buy bitcoins surely the price of bitcoins will increase, popularity will increase and it will be stronger.
If black rock company buys bitcoins and buys altcoins we do assume the price of all those coins will go up if so I will be very lucky here because I hold another coin besides bitcoin even though it is altcoin. I am sharing a picture here which I collected from a telegram channel. I am marking in red the two coins I bought.
I am sharing the picture here true false you can consider. But the coin I buy and hold after Bitcoin I expect to be very successful with this coin.
If black rock company buys bitcoins and buys altcoins we do assume the price of all those coins will go up if so I will be very lucky here because I hold another coin besides bitcoin even though it is altcoin. I am sharing a picture here which I collected from a telegram channel. I am marking in red the two coins I bought.
I am sharing the picture here true false you can consider. But the coin I buy and hold after Bitcoin I expect to be very successful with this coin.
Protection in what? I think Bitcoin holders don't need to have a protection from the government because if someone lost their coins, it means there's something wrong with their OPSECs. If you lost your coins in hardware wallet or cold storage due to hack, $5 wrench attack, etc, I don't think the government will refund your coins.
Only popular centralized entities e.g. Mt.Gox and FTX might refund your coins, even though there's no 100% guarantee, deadline or how much they would refund.
Only popular centralized entities e.g. Mt.Gox and FTX might refund your coins, even though there's no 100% guarantee, deadline or how much they would refund.
There were quite a lot of crashes between Mt Gox and FTX. And most didn't refund. In such cases all the people who didn't understand what "not your keys, not your coins" means were crying for government protection. That's what I'm talking about.
You are right. You or me don't need that. But there are (sadly) soooo many people who simply can't take proper care of their money and don't care to read the basic rules... making us a tiny minority.
This being said... protection is good. For the many.
Most people will say good because they only care about the price and don't care with privacy.
For me it's bad because Bitcoin will be less decentralized, decentralization isn't only on the hash rate or network, but we also need decentralization on the holders.
Only popular centralized entities e.g. Mt.Gox and FTX might refund your coins, even though there's no 100% guarantee, deadline or how much they would refund.
For me it's bad because Bitcoin will be less decentralized, decentralization isn't only on the hash rate or network, but we also need decentralization on the holders.
It will bring more and more laws related to crypto - which is good (end of wild west of crypto, more protection)
Protection in what? I think Bitcoin holders don't need to have a protection from the government because if someone lost their coins, it means there's something wrong with their OPSECs. If you lost your coins in hardware wallet or cold storage due to hack, $5 wrench attack, etc, I don't think the government will refund your coins. Only popular centralized entities e.g. Mt.Gox and FTX might refund your coins, even though there's no 100% guarantee, deadline or how much they would refund.
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?
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?
Good for the fact that they are buying bitcoin since aside for they are accumulating their action can also cause some attention and create some hype for people following them and might do the same then demand will rise for short while.
The bad thing there is when they decide to sell since we know how influential that institution and whenever there's something news about sell off there are lots of people getting panic also lots of article will be spread just to scare people then this will lead into those unwanted dumps that's why we need to be more aware about this so that we will not fall on something strange thing happening once theirs manipulation happened in the market.
To me, it's neither good nor bad. Bitcoin is decentralized and available to anyone who can afford it and wants to buy it. As a part of a free market, big players can also invest if they feel like it. But, thankfully, at this point Bitcoin is so huge that I don't think there's a single company that can accumulate such a truly significant amount that would allow them to monopolize the market and can significant control over it.
Big funds investing in Bitcoin can both boost its price and reputation. And there's still plenty of BTC left to buy and store in non-custodial wallets. Yes, when the price goes up, it means people can afford smaller amounts of BTC than before. But that's just natural.
Big funds investing in Bitcoin can both boost its price and reputation. And there's still plenty of BTC left to buy and store in non-custodial wallets. Yes, when the price goes up, it means people can afford smaller amounts of BTC than before. But that's just natural.
Is this a case of too much too soon? or do you think Blackrock a good thing? thoughts?
After years passing by and people hoping for institutional investors, now they are here. It's a bit late to ask whether that's good or bad. It's .. a fact of life, both good and bad.
It will bring more and more laws related to crypto - which is good (end of wild west of crypto, more protection) and also bad (blatant intrusion against privacy).
It will increase heavily its scarcity and bring wealth to early investors.
It should bring more money into development (which should also fuel inventions for the better).
It should bring acceptance as payment method on a daily basis, but possibly also the wide spreading of IOUs instead of actual bitcoins.
It will bring more strict taxation.
But imho none of these are unexpected.
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?
Blackrock buying bitcoins is neither good nor bad, but this is reality. No matter how you feel about it, you can't influence the outcome or change it.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?
You voiced the positive side - this is an increase in the price of bitcoin. The negative point is that too much bitcoins is concentrated in “one hand”, which is clearly not very good. It would be better if bitcoin was more distributed among smaller BTC-holders. If Blackrock (and other big holders) continue to accumulate bitcoin and not sell it, then this will further exacerbate the imbalance in the evenness of bitcoin distribution. Although the uniform distribution of bitcoin between holders looks like a utopia and is no longer possible to bring this to life. Due to the bitcoin concentration among big holders and the high cost of it, a cycle occurs, that is, the more expensive bitcoin, the less bitcoin small holders can afford and the more institutional investors buy bitcoin. It turns out to be a vicious circle in which big players become the dominant holders.
Blackrock don’t buy Bitcoin to hold for themselves. They run a spot etf product which enables their investors to get access to Bitcoin via their etf. It’s a good thing that Bitcoin is now officially a part of the US financial system. We wanted mainstream adoption for years, now we are on the way to having it. The price going up is a good thing, Bitcoin still works as intended though, 1 BTC = 1 BTC.
It could be all bad and about to get even worse.
The most obvious negative thing about it is the fact that they are buying bitcoin cheap while individuals either ignore bitcoin and will continue ignoring it until it is worth a lot more (like a million bucks) or the individuals don't have enough money to purchase bitcoin now and they'll have to slowly accumulate over time as price keeps rising.
But the less obvious problem could be what they're going to do after they amassed bitcoin... What if some day they started something along the lines of "fractional banking". Like starting to sell bitcoin IOUs to people and sell more than they have. For example if they actually owned 1 million bitcoin but sold 10 million IOUs. What would that do to bitcoin, its price and its future? That is the scary part...
Today they're selling ETF IOUs to people that is supposedly 1:1 but who's to say it's going to remain this way...
The most obvious negative thing about it is the fact that they are buying bitcoin cheap while individuals either ignore bitcoin and will continue ignoring it until it is worth a lot more (like a million bucks) or the individuals don't have enough money to purchase bitcoin now and they'll have to slowly accumulate over time as price keeps rising.
But the less obvious problem could be what they're going to do after they amassed bitcoin... What if some day they started something along the lines of "fractional banking". Like starting to sell bitcoin IOUs to people and sell more than they have. For example if they actually owned 1 million bitcoin but sold 10 million IOUs. What would that do to bitcoin, its price and its future? That is the scary part...
Today they're selling ETF IOUs to people that is supposedly 1:1 but who's to say it's going to remain this way...
If Black Rock saw the value that bitcoin has and decided to enter the game, of course this is very good... The more new money enters the market, the more bitcoin will increase in purchasing power.
Black Rock's customers are generally people who would like to buy bitcoins but don't know how to do self-custody or are afraid to use the network, it will open many doors in the market, it will be good for everyone. The bad side is that governments will try to make people only buy ETFs and not bitcoin on chain
Black Rock's customers are generally people who would like to buy bitcoins but don't know how to do self-custody or are afraid to use the network, it will open many doors in the market, it will be good for everyone. The bad side is that governments will try to make people only buy ETFs and not bitcoin on chain
Even now that the price of bitcoin is still below $70,000, there are people who are still unable to afford a whole bitcoin, which is never a problem and shouldn't be a problem.
Even if Blackrock and other financial institutions want to buy more bitcoin, the thing will still remain the same. You can only reduce the amount you will buy if the price goes all up, just as those who didn't buy when the price was below $30,000 have cut down their budget.
One thing you need to know is that the bitcoin price will always move up above where it is right now, with or without this blackrock purchase.
They are just helping the process speed up a little bit, but the bitcoin price is going to remain stagnant, so if you have money to buy, use the opportunity of seeing it at a low price to accumulate what you can.
Even if Blackrock and other financial institutions want to buy more bitcoin, the thing will still remain the same. You can only reduce the amount you will buy if the price goes all up, just as those who didn't buy when the price was below $30,000 have cut down their budget.
One thing you need to know is that the bitcoin price will always move up above where it is right now, with or without this blackrock purchase.
They are just helping the process speed up a little bit, but the bitcoin price is going to remain stagnant, so if you have money to buy, use the opportunity of seeing it at a low price to accumulate what you can.
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?
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?
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