Topic: Good or Bad - Blackrock Buying BTC (Read 757 times)

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.

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.

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

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.

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.

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.

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.

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.


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?

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.

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.

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.

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.

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.

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.

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.

Are you aware that the more they buy the higher the price will be, potentially scaling up to infinity? It's literally impossible for BlackRock to buy all bitcoin, even if people were willing to sell to them, but here comes another problem. Most people seeing buyers competing for their coins will be unwilling to sell, trying to squeeze as much money from them as possible, eventually surpassing million dollars per coin.

Let them buy, it's a free market. We'll see how much they really need it and how much they're willing to sacrifice to get it.

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.

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.

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.

But the problem is that even if we don't like it, we can't do anything to stop them. And if you want to limit those institutions because you don't want them to hold too much bitcoin, that means the government can also ban you and everyone from owning bitcoin. At that time, bitcoin is no longer decentralized and once it loses its decentralized nature, bitcoin will become useless.

We always say that bitcoin is fair and anyone can own it without fear of others controlling or banning it. So, we also need to respect others even if they want to own a lot of bitcoin because if we had as much money as them, we would do the same thing. Personally, I'm not afraid of Blackrock or anyone who holds a lot of bitcoin because if it were me, I would do the same thing because bitcoin is so good that there's no reason to reject it.

BlackRock buying Bitcoin has two sides to it.

Firstly, It gives credence to the technology and awakens the interests of investors to look that way thereby creating liquidity in the space for transactions to be facilitated, even though the space needs to single entity to validate it.

Secondly, it gives the space the fear of manipulation, since the supply of Bitcoin is limited, Whales have the advantage of manipulating the prices to their own advantages, and they can do this as often as they want since they are the bigger player with a bigger chunk of the liquidity.

In the short term, Blackrocks buying of Bitcoin is good for the market and Hodlers as this translates into price soaring and more people believing in cryptos, but the unfortunate issue we not talking about is that one entity will control how bitcoin will grow once they have the lion's share of coins and I don't like it!!!
Tbh, if it were up to me..I would limit the number of coins one person or entity can owe at this point to try protect the markets in the long term to avoid market manipulation etcetera

As a business, I think they are trying to make sure they have enough Bitcoins to accommodate new investors coming for the Bitcoin spot ETF's..which is a good thing but should they derail from their vision then it's a bad move!!

Exactly.
But I don't see need for panic as Blackrock is buying more BTC for her investors. They are in the market for profit making, giving room to the public (clients) to invest in the market with the fate of making profits off there investment, thus can lead to bitcoin rise overtime because of more players into the market and the concept of supply and Demand.

Only few of the general public have understanding about how bitcoin system works, and the implication of investing in Bitcoin market through a third party system which is the only reason some members of this forum careless.

No doubt we all believe and practice  Self-Custody but most new players don't really understand and would rather prefer investing with  big investment Company like Blackrock.

Generally, a larger company, even something as heinous as blackrock buying into the bitcoin narrative and the crypto industry spells good news for the industry, and what better time than have it coincide with the upcoming halving and crypto bull run, which is why some people in here think these ETFs are what's going to be the narrative for this season's bull run. So in a manner of speaking, it's a good thing and we could expect bitcoin increasing in value over time.

However, since the market's gonna be opened to people who generally have little to no idea with how crypto works, we could expect a lot of panic buys and sells coming our way, so pretty sure this season's going to be a really tumultuous bull run for a lot of us. Add to this the fact that this is yet another outside power trying to use bitcoin for their personal profit, and we got ourselves a not so necessary evil coming our way, making a general mess of the whole crypto situation.

Oh well, I reckon it's gonna be time until we find out if these ETFs are for keeps or if they're going to pull it out once they figured bitcoin's too decentralized for them.

Blackrock entering the cryptocurrency market, primarily Bitcoin is only good for the industry as a whole. It allows retail investors who have feared actually needing to hold their own cryptocurrency, easily enter the market, but more important it allows institutional investors (pension funds, etc) to consider adding bitcoin as a 1% allocation or more to their portfolio for diversification purposes. This could easily bring 1 trillion USD+ per year into the market, pumping Bitcoin even further. We will just have to wait and see.

That's actually the problems!

If Blackrock keep buying Bitcoin, it means Blackrock will own all Bitcoins except there's person don't want to sell his coins at any price. After that, Blackrock can do anything with the coins, they also can force people to only buy their fake Bitcoin i.e. ETFs and forbid people to withdraw their coins to exchange or wallet.

It makes everyone who want to buy and own Bitcoin must buy ETFs instead of the real Bitcoin.

the thing is that if a black rock purchase more of Bitcoin right now that will affect a bitcoin increment because there will be a massive adoption in Bitcoin and that massive adoption enhance the Skyrocket of Bitcoin increment so therefore I believe that bitcoin increment can take place, certain time I think it was Amazon that accept a payment with a Bitcoin that period of a time the price of Bitcoin changes based on they have adopted a Bitcoin so there's some people who will invest in Bitcoin or who will adopt a Bitcoin there will be a massive increment in Bitcoin.

the thing is that bitcoin price cannot be regulated by individual or anyone it can go up based on adoption of people or company because once more companies are coming in into bitcoin existence or bitcoins life the more the demand is getting high because it is didn't demand that controls the market of Bitcoin and then when the demand is higher than the supply the market Skyrocket to more than anyone's expectation that is why we continue to say that adoption helps for bitcoin increment.

actually the Bitcoin price has already gone up before the black rock of a thing but the problem is that if Black Rock purchased more of Bitcoin or any company purchase more of Bitcoin that will make the demand of Bitcoin to be higher than the supply so therefore I believe that the price of Bitcoin to increase more and more.

that is good experience of you because it is obvious that the more investors are coming in Bitcoin the more the price of Bitcoin is appreciated so investors or companies next the price of Bitcoin to Skyrocket and it is when the the demand will be high so once there is no investors in Bitcoin they demand is going to be low and it is supply will be higher than the demand so definitely the price of Bitcoin is going to be cash based on that, does not know why the price of Bitcoin always increase and the sometimes the price of Bitcoin always crash the increment of price of Bitcoin is based on demand why the fall aspect of Bitcoin is based on supply.

BlackRock is a very influential and powerful investment company. SEC confirmed Bitcoin ETFs because there was pressure from companies like BlackRock. Their involvement is good for making Bitcoin more popular, adopted and expensive. Expensive Bitcoin means higher profit for early holders but this massive adoption and an open door with BlackRock comes with one disadvantage and that's the slow centralization of Bitcoin. When centralized companies offer centralized services with Bitcoin, we are losing decentralization and Bitcoin's main value is decentralization. It doesn't mean that centralization will make BTC cheap but the problem is that Bitcoin will not be a good payment method.

This is the financial market and what we need to do is create the most profit for ourselves, not thinking too much about things that we cannot change or intervene. Similarly, in addition to blackrock and funds entering the market, governments will also soon introduce regulations for bitcoin and the entire cryptocurrency market. What else can we do to change that? We can't do anything but keep quiet and follow the rules. So instead, let's adapt and think about what plan will benefit us the most when those things happen.

It may not be right to call this situation good or bad, as you say. I think we will see how this situation will be in the coming years. For now, everyone knows the answer to the question of Bitcoin's recognition or whether Bitcoin will bring profit. Bitcoin proved itself a long time ago.

There will always be institutions that look at Bitcoin only to make a profit. Bitcoin is an investment tool that every person and institution can access. The positive or negative effects of the actions of these institutions emerge later.

I think Blackrock entering in to the space has been inevitable, something that I believe brings both good and somewhat not so good things to the bitcoin space.  One the "good" front, being the largest fund manager on the planet, they've got a whole lot of clients with a whole lot of cash on hand, which as we can already see is going in to bitcoin a furious rate.  I think these ETFs were a major milestone in bitcoins evolution.

I actually agree with you. As I've said, this is more bad than good. Off the top of my head, it seems there are only a couple of good things that we can get from it. One, of course, is the price growth. Second is the acknowledgement of Bitcoin in general.

Opinions can easily change. At least with the participation of these huge institutions, the herd, the majority of the people, are convinced once and for all that Bitcoin isn't a Ponzi. This might just be the first step. At least they're now embracing Bitcoin. Sooner or later, they will understand it a little better and time might come when they will eschew all this centralization and custody and IOUs.

It's a good thing because what we've seen before, they're starting to see it right now. The worry is there but this is normal because even before, we've been thinking of them trying to get into this market but it took them years to realize to buy it.

IMO, they've studied well on this matter and whatever the rich institutions are buying, that's the key and sign on what the retailers should go. It's that we can think of it that they're doing the favor of research for us.

However, don't think that they'll hold forever as they need to make money at all times.

They wanted to have these financial actors operating with bitcoin and it turned out that now they have fear or doubts, it is what a large majority wanted, the issue is not having them buying bitcoin, it is that they are doing it at a very convenient price.

bitcoin with these active ETF companies should be priced at at least 100k, but it turns out the price is stuck at +60k.  That is to say, they are buying at a good price. Hence, the question is, whether with 100% profits they will hodl.

Well I see it mostly bad! I don't care if that's the way for Bitcoin to get acknowledgement. because the more acknowledgement it gets, the most regulations and taxes are imposed by various governments. So I honestly think Bitcoin is great as a parallel economy. The moment it tries to become mainstream, companies like Blackrock jumps in and start buying in bulk so that they can control the market. That's not good at all!

People need to understand that Bitcoin is a great innovation. It doesn't require acknowledgement of financial conglomerates or governments. otherwise things will be ruined for commoners like us.

As in everything else, this is both good and bad. Surely, this isn't entirely bad, but it isn't entirely good either. But it seems to me that if we put the good and bad on a scale, the bad might actually be heavier.

It is, of course, good that Bitcoin is acknowledged, but how? Acknowledgement but only as a speculative asset means this kind of adoption is indeed both good and bad.

Anyway, BlackRock isn't planning to buy everything. BlackRock is just an asset manager. It doesn't necessarily own what it keeps. Also, BlackRock probably doesn't care about Bitcoin itself. It only cares about making money. And if there's a way to earn from Bitcoin, then it wouldn't bother recognizing Bitcoin's popularity, but not its essence.

Black Rock is a newest participant in Bitcoin market and they are a newest market maker in this market but if you check Bitcoin market history, you will see many big names like Black Rock in previous cycles.

Jihan Wu (Ex CEO of Bitman), Roger Ver (from scam Bitcoin Cash), Arthur Hayes (Ex CEO of BitMEX), Chanpeng Zao (Ex CEO of Binance) and more names like them. Back Rock and Larry Fink are newest ones but they will not be the last. They can play important roles in this market cycle and contribute to Bitcoin adoption, mainstream but in future, we will see some names that are bigger than Black Rock.

Just wait, they will come with us because Bitcoin is here to stay and will become stronger with time.

The positive side is that Bitcoin is accepted among institutions and large investors, but the negative side is that they are able to spread more negative news thereby making the price fall and then buying cheaply. Blackrock media power is very influential and evident before the ETF approval, they easily tried to confuse retailers who were forced to sell due to the issue. This becomes a kind of control and I don't like them controlling Bitcoin in a dirty way. No matter what they are planning now, the impact is clearly very easy to manipulate and spread concern among small retailers. That's based on my views before and after the ETF was approved. The more we come here, the more we worry that Bitcoin cycle is no longer healthy.
Indeed, Blackrock only acts as a mediator for investors who want to invest in Bitcoin, but they also need the profits from this service. Logically, with the media power you have, it will be easy to do this to your advantage when you want to fulfill investor requests.

But they are just investors, they also need profits, and to get profits they cannot just buy, buy and never sell. So, 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? Long-term holding always brings good returns for bitcoin investors but that doesn't mean we should never sell our bitcoins.

I don’t think we should look who’s buying to determine if we will buy more or not. If you have the funds and want to invest, just do it. This is one of the problems with being a short term investor. You’ll be cautious not to step in at the wrong time and all of that. But if you’re investing for the long run, you don’t have to worry or fear because you believe that it’s just a matter of time before you make those gains.

huh? That's not the case. Yeah you don't get the bitcoins, but you get the cash, when you sell the shares in the ETF. That's how ETFs work. Everyone buying a Bitcoin ETF knows thats how it works and they are choosing to do that. Nothing wrong with that. ETF customer buys shares of ETF and the ETF issuer uses that money to buy that amount of bitcoin on their behalf, ETF customer sells shares of ETF and ETF issuer sells that amount of bitcoin on their behalf, giving the customer the cash. Very straightforward. There's no problem with it.

My point was that people at least write in posts on the internet about these ETFs as though they think its the actual investment firms buying up all this Bitcoin for themselves (which in itself would also be perfectly okay because ANYONE can own Bitcoin, remember bitcoin is all about being open, no gate keepers, nobody deciding who can own what, etc) but of course its not, its the investors who are buying the ETFs. The ETF issuing investment firms are just the middleman, they have zero say in who buys and how much and who sells and how much. Blackrock doesn't matter at all, because it's not their money. All they get is a tiny cut for doing their middleman service.

Be careful and don't ever follow the footsteps of whales in the market, their single buy and sell order will definitely affects the price of that particular project. To be on the safer side, thoroughly make research and invest either for long or short term. Black Rock have the necessary initial capital to raise the targeted funds to pump bitcoin. This is almost bitcoin halving and anyone that invested early will have in mind of reaping the gigantic profits, atleast they should be wearing smiles on their faces.

Yeah, have a point. Definitely, if big corporations hoard more bitcoin, its price will also increase as the demand goes up, but also, when there's a bright side, there will also be a shadow part or a bad part. For example, if blackrock really wants to buy all bitcoin, other investors will also not have a chance to buy their own, and if one company holds the majority of bitcoin,really wants to buy all bitcoin, other investors will also not have a chance to buy their own, and if one company holds the majority of bitcoin,really wants to buy all bitcoin, other investors will also not have a chance to buy their own, and if one company holds the majority of bitcoin,really wants to buy all bitcoin, other investors will also not have a chance to buy their own, and if one company holds the majority of bitcoin, if they decide to sell all their assets or just some assets, we will see a very big dip or movement in the market. But anyway, we will see what will happen in the market. As you've said, we can't stop them if they decide to hoard bitcoin. Crypto currency is a freedom, so we can't control or stop them. All we can do is also take advantage of that movement.

Yes, we should look on the bright side because even if we disagree, we have no way to stop BlackRock or the big funds from buying bitcoin. And the fact that we always look at the negative side only makes us disadvantaged and does not bring us any benefits.

I also thought that when ETFs was approved, large funds would hold the majority of bitcoin and this would make bitcoin more centralized and easier to manipulate. But I know there's nothing else I can do to stop it, so I'll look on the bright side and use it as motivation to push bitcoin prices higher. I will take advantage of that to make bigger profits instead of trying to fight back desperately.

And that's the problem right there! It is still Blackrock buying bitcoin not the customers. That means you can't go to Blackrock and demand they give you the bitcoins they bought on your behalf. And at some point they may not even buy any bitcoins with your money and yet take your money all the same...

But it can be a problem in future. They will be very powerful and will control prices in future. This will make it hard for future investors to come into the market.

However, not everything is bad about it. There is another aspect that Blackrock buying lots of bitcoins means that there will be more demand for bitcoin. It will mean that prices will grow which will benefit other small investors holding bitcoins currently.

I have mixed feelings as well but I think we should try to look at the bright side of this: having big funds like BlackRock etc on bitcoin's side instead of against, is going to reassure many people that bitcoin is actually something legit and not a scam. It could accelerate bitcoin's adoption. Of course I know that people who are buying the ETFs are (probably) not going to buy and use the actual bitcoins but this is all free advertisement at the end.

When blackrock and large funds sell their bitcoins, there are also 2 cases that happen. Those who bought bitcoin at higher prices will see this as a bad thing as the market is dumped and they fall into losses. On the contrary, those who want to accumulate more bitcoin will see this as a great opportunity to own bitcoin at a cheap price. That's why I often say that everything has its pros and cons. The fact that we have a large amount of capital participating in the market is not 100% good or bad.

Our mission is to closely monitor market developments to come up with appropriate solutions to optimize profits, and that will depend on the mindset of each investor. Not everyone will win when investing in bitcoin, in the battle there will be winners and losers.

On the front it looks awesome.  You see some body purchasing a crap load of Bitcoin and it is making waves into the News and community too.  Could create a lot of FOMO as well.

But there are more negatives in my opinion.  The inside of this situation is rotten, opposed to how the front looks.  I can not take some body owning a HUGE chunk of the Total Supply of Bitcoin positively.  This can have dire consequences in the long term.

Sure.  Not all of that is theirs.  Only a very insignificant part of it.

But some body holding this much Bitcoin on their hands is still a very dangerous situation.  See Banks.  Are we not trying to run away from Banks and how they function?

Anyway.  Where there is money to be made, the big players will be present all the time.  This includes Blackrock.  So as much as I hate it, there is no where to run from this situation.  Fools will sell while smart people buy.  Unfortunately the big players never seem to become the Fools.

I feel like this topic has been beaten to death already with all the ETF / Blackrock threads since this year and even going back to last summer.

But let's be clear. Blackrock is not buying! They are buying ON BEHALF of their ETF customers. People keep talking about ETFs like it is the handful of investment firms that are buying up all this Bitcoin. Yes, they technically are the ones buying, but they are doing it with customers money, on the behalf of customers. So it isn't Blackrock buying up all this Bitcoin, it's myriad investors in the TradFi markets that are buying up the bitcoin through the ETFs.


Secondly, "it makes it harder for others not in the market yet to buy more amounts"...well, that is the case anytime anyone buys Bitcoin. If you follow that line of thought, then nobody should ever buy bitcoin because it'll make it harder for other people to buy bitcoin, therefore nobody owns bitcoin and it is worth $0 and doesn't exist anymore.

There is no such thing as too much too soon. Bitcoin reached a mainstream global audience 7 years ago! So the average person has had 7 years to buy Bitcoin. It isn't the TradFi investors who are buying bitcoin through the ETFs fault that the vast majority of people still don't own bitcoin.

The purpose of Bitcoin is not for everyone to get a great deal on Bitcoin. It's a currency - the purpose is to own it and use it. Everyone is able to choose if and when they decide to buy Bitcoin. Everyone who has wanted Bitcoin before the ETFs opened up Bitcoin to the US TradFi world already bought it. The ETF buyers are market participants just like anyone else (though of course they aren't holding bitcoin itself but holding it purely as an investment through a financial product). The people who haven't yet decided to own bitcoin don't get some sort of preference to get to buy it before TradFi people lol. If they wanted to buy it already they would have.

That's a token, not even an actual cryptocurrency and it is just another shittoken like thousands of others with no actual potential whatsoever. If you check out its chart you can clearly see that it also had its moment in the sun after its creation 3 years ago and it has been dumping ever since and staying dead until the recent fake hype with Blackrock that slightly pumped it.
The best one can hope with shittokens like this is to see some fake hype leading to small pump. They are never good for "investment" though. Just for very quick pump and dump.

BlackRock and other organizations in the BTC spot ETF space aim to be the major controllers of the market and there's no way they won't be sooner or later because some naive investors choose to invest in their spot ETF rather than making themselves responsible for their BTC holding through self-custodial.

Having said that, the organization's (BlackRock) accumulation of more BTC will increase the market greed level while the disadvantage is that the chance of market manipulation will increase and institution banks will be in charge of 99.6% of their service.

The organization accumulation does not make it hard for anyone who wants to join the market and for the record, the US Government has an auction of Billion of dollars worth of Bitcoin and there's no way this auction will take place that it wont impact the market price.

This isn't the problem. The problem is that BlackRock will have too much supply of Bitcoin on their hands, what means their influence inside this market increases a lot, giving margin to price manipulation. They have already done it recently, crashing Bitcoin price right after the ETFs were approved by SEC. And that was just a sample, as they had potential to do a much deeper damage to Bitcoin.

It's never good news that whales are mass acquiring Bitcoins, as it will increase their power and decrease the participation of autonomous average investors in the total supply. Another example is the speculator Elon Musk who adopted BTC through his company Tesla, boosting BTC price considerably, but right after talked negatively about Bitcoin harming the environment, dumping Bitcoin price as consequence.

What these whales want is that Bitcoin becomes an hostage of their greedy financial goals.

The moment that institutional investors starters putting their money in is the moment that we never should've welcomed before, it's already too late for what we're expecting to be the result of this, we will eventually see what's going to happen next anyway, Blackrock's basically have an unlimited supply of money so I don't know if they're not going to use it to their fullest, they know that if they buy bitcoin, they can easily screw over the retail investors and we all know how good they are with that part, pretty sure that we're going to see that happen anytime soon, make sure to continuing hodling.

I don't see any reason why it can be bad. If you say that them buying a lot of Bitcoin will make it difficult for retail investors to buy Bitcoin then it's not true. They wouldn't buy every Bitcoin up for sale and people who are interested in buying at current prices can still make their purchases regardless of how many they or any other industry leader buys.

Individuals generally don't buy when the prices are a bit high while companies and firms like Blackrock can't wait for a better price because they need to have Bitcoin at all times for their customers.

Yes every sell from this big investors will definitely cause a market correction because of the excess supply they have. No investor that doesn’t know this, the market is of two phase the bearish and the bullish. So even if the blackrock decide to sell today which is logical it will still be a good thing because it means more buying opportunity and also a spread of the coin to other investors than them holding the junk of it. If one is scared of a drop then they should sell when they are in profit

Is it really as good as you say? Blackrock or Microstrategy or Tesla are all bitcoin investors, which means they don't buy bitcoins just to hold them forever and not sell them. Have you ever thought about them selling all the bitcoins they accumulated to the market and what would happen then? It would certainly be terrible. In the past few days, when the amount of Bitcoin that Grayscale sold was greater than the amount of Bitcoin that ETFs bought, the price of bitcoin also decreased. And even a small amount of bitcoin can cause a decline, so if Blackrock sells a large amount, it will cause a huge panic in the market.

Its always a good decision to be buying the more because its an investment, i will also applaud BlackRock on this because they have been consistence in their buying each time of the market season, maybe this could also serve a lesson to many who will only be investing on their belly with bottles of beer and expect the future to come in a divine and mysterious ways for them, maybe this is part of the reason why the rich will keep getting richer, we can also develop their kind of mentality if we must have a secured future with our investment which all begins with our decision made today.

Blackrock getting into Bitcoin is a HUGE deal. This isnt some small-time play, this is the big leagues. It screams Bitcoin's a major asset, one the top players take seriously. We crypto folks were right all along, and this proves it. Now, this is fantastic news for those already holding Bitcoin. Blackrock doesnt mess around. Their investment tells the world this stuff has real value. BUT, and here's where I feel for the average Joe, it aint all sunshine. Suddenly, getting into Bitcoin gets pricier. Thats the reality of big money.

Some worry this is too much too soon. I hear that. But in this game, timing is everything. Blackrock changes the landscape. My advice? Dont panic. Get educated, get prepared. Remember, OWN those coins, use secure wallets. The future is digital, and Bitcoin's in the driver's seat. The best is yet to come.

Microstrategy CEO,  Michael Saylor was known to have bought some large volume of BTC some weeks back also and that was as at the time BTC was $72k price.
Am certainly not surprised about BlackRock doing same because as the halving is fast approaching this is how whales will get to acquire and control the market in months to come.
The purchase by BlackRock will sure increase the value of BTC making its price rise despite it taking a dip recently and we might see other large investors like big companies and corporations  acquire the spot exchange traded funds more in coming days too.

BlackRock acquisition is a good thing because it shows BTC still has worth and it doesn't stop those with the plan to DCA from starting our continuing because it is a strategy of investment that favours the small time hodlers or investors who don't have such huge sums like Michael Saylor or BlackRock do.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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...

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

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.

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?