Lucky you do not sell to blackrock | Bitcointalksearch.org

STT

legendary

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Its not that the gold mined is excessive its just that it can be expanded mechanically and has seen improvements from technology. Demand will raise the mining resources from a higher price point justifying gold in higher cost mines. BTC doesn't respond to a higher price in that way, it would do if it were left unguided but the difficulty adjusts to stop that occurring mostly. That makes it alot different but gold price will still go up as supply is outmatched by demand probably, a new mine can take 10 years to find and establish.

Quote

$9.42 Trillion in assets under management,

Blackrock isnt fractional holding like a bank would vary its allocation as they feel like. I dont believe Blackrock has themselves the ability to alter or leverage these holdings referred to, their discretionary judgement will be quite small. We arent going to see 9tn come this way unless every person who deposited elected to have Blackrock switch over to BTC on their behalf by their own orders, the vast majority of people wont do this in 2023 or maybe ever and a new ETF doesnt especially alter that.

Lucius

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Quote from: avikz on October 26, 2023, 11:50:15 AM

Isn't that how the economy works? Especially for a volatile asset like Bitcoin? Obviously it does!
When a big company like BlackRock buys Bitcoin, they source it from the miners and not from the open market. So as a common people we do have zero control over the transaction. So there's nothing to regret.
If you have a long term vision for Bitcoin, start averaging your buying price from today onwards. Or there will be regrets later.

There is something fundamentally wrong with your calculation if we consider that Bitcoin miners currently cannot mine more than about 900 BTC per day (reward 6.25 per block in an average time of 10 minutes per block), along with the fact that for some 6 months, that reward will be reduced by 50%. This means that currently around 27 000 new BTC are created per month, but also that each miner sells only as much as he needs to cover the costs, and they keep a part like everyone else and wait for the right moment.

It may be true that we cannot influence when and how much BTC someone will buy, but each individual can at any moment say "my BTC is not for sale", and that means that we can influence the market and the price to some extent. In addition, Bitcoin has a much higher value than the one shown in fiat, because max supply is a fact that gives it that one extra value that nothing else that wants to compare with Bitcoin has.

Banknotes will always be printed, coins minted and gold and diamonds dug out of the ground, and in less than 10 years 99% of BTC will be in circulation, and even if someone wants to buy only from miners, they will only be able to buy very small and limited quantities.

Kakmakr

legendary

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This is unfortunately one of the things in the world that will not change, because money rule the world. BlackRock have US$9.42 Trillion in assets under management, so they can buy most of the bitcoins in circulation.. if they wanted to.... and people will sell it to them at a good price. Roll Eyes

The thing is, they do risk management with all their investments and will never buy that many bitcoins, because Bitcoin is a high risk investment. They have a very balanced portfolio of investment ....based on their clients portfolio.

What is your selling price?

avikz

legendary

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Quote from: Not your key not your BTC on June 17, 2023, 03:52:52 AM

A few day ago blackrock happy was buy cheap many btc in the market. Now, you are regret to sold it to big company which will be resold back to you with high price in the next years.

Isn't that how the economy works? Especially for a volatile asset like Bitcoin? Obviously it does!

When a big company like BlackRock buys Bitcoin, they source it from the miners and not from the open market. So as a common people we do have zero control over the transaction. So there's nothing to regret.

If you have a long term vision for Bitcoin, start averaging your buying price from today onwards. Or there will be regrets later.

DrBeer

legendary

Activity: 3752

Merit: 1864

Quote from: Not your key not your BTC on June 17, 2023, 03:52:52 AM

A few day ago blackrock happy was buy cheap many btc in the market. Now, you are regret to sold it to big company which will be resold back to you with high price in the next years.

Why worry? This is a market, this is a speculative market, this is a manipulative market...
You're not worried that you didn't sell Bitcoin at its peak in December 2017, April and November 2021? And aren’t you worried that you didn’t buy them “at the bottom,” for example, in December 2018 and March 2020, so that you could then sell them in 2021 for a big profit? This is a market, and the fact that Black Rock has money and correct forecasts, it just means that they either have information that we don’t have, or can afford it... for further manipulations

fillippone

legendary

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Fully fledged Merit Cycler - Golden Feather 22-23

Now that a few weeks have passed, and the ETF is incoming, I can see many did follow this advice:

Interpretation:
Nobody is selling to anyone.
Hodlers* are hodling

*I am referencing to a peculiar breed of holders here. As long term holders are those Who hodl for 150 days. Baby holders I would call them.

bayudndy

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Quote from: nur rochid on July 05, 2023, 09:26:29 PM

well, that's the cycle for cryptocurrencies, so we have to be careful to choose the buying season and the selling season. if we sell at a bearish time, then big companies that see it as an opportunity will be happy to take advantage of that opportunity. until the time when they will hold on until they find a suitable price to let go. at least we have to learn from their mindset to take advantage of opportunities properly, so that if you have bitcoin on a large scale, then at least it has the power to move prices

Yes, the cryptocurrency market has its volatility, I see that our psychology is very volatile before price fluctuations and vice versa it is almost a string that connects everything together. Both new entrants and veterans have plans to enter the market and expect to be in a good position for their investments, no one expects them to lose money as soon as they buy them, but really I see only If we patiently believe in the market, making a profit is not difficult, and of course, starting to learn and research it should also be a top priority when starting things.

nur rochid

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well, that's the cycle for cryptocurrencies, so we have to be careful to choose the buying season and the selling season. if we sell at a bearish time, then big companies that see it as an opportunity will be happy to take advantage of that opportunity. until the time when they will hold on until they find a suitable price to let go. at least we have to learn from their mindset to take advantage of opportunities properly, so that if you have bitcoin on a large scale, then at least it has the power to move prices

Uruhara

hero member

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A few years ago it seemed Blackrock didn't want to touch crypto but I think actually they have been interested for a long time. it's just that they're waiting for the right time to enter. And believe me if they accumulate bitcoin then they certainly won't make an announcement first. They will make an announcement of course after they finish buying. And actually I'm quite pleased with Blackrock proposing a Spot Bitcoin ETF. although it was rejected by the SEC. but re-submission seems only a matter of time. And we should be grateful that more and more of the world's giant companies are moving towards crypto.

Gyfts

legendary

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Larry Fink on Bitcoin: https://twitter.com/APompliano/status/1676697692636868615

Refers to it as an international asset and a hedge against asset devaluation.

The comments on the above tweet are particularly ignorant and I will address it here -- regardless of what you think of Larry Fink or Blackrock, it is a great news for Bitcoiners if the asset management firms adopt crypto currency into their portfolios. They manage assets to the tune of trillions of dollars. Their adoption of Bitcoin into their portfolios makes crypto more valuable and decentralized assets make Blackrock less powerful as an entity. Everybody wins.

Ahli38

hero member

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After in 2018 BlackRock's CEO, Larry Fink, had stated that their client showed no interest in the crypto space at that time, but Larry Fink himself actually considered that Blockchain technology was very important. and actually after that they learn it. And now they're proposing a Spot Bitcoin ETF. All I can say is they've actually been interested for a long time. it was just that they were indeed more cautious and chose to study it carefully. (Sourch)

And apart from Blackrock, there are actually other big companies that have started to show indications of their interest in the crypto space and of course in Bitcoin ETFs too. That company is Fidelity. because well big companies like this do choose a safer way of investing their money.

So I don't think it's about Blackrock buying Bitcoin. It's just that because these big companies are starting to get into the realm of crypto, of course the market must be excited by news like this. And yeah we are still in a little bullish period at the moment. But of course it's still in a decent area for long-term accumulation. and basically a strong hand wins and a weak hand doesn't necessarily lose but they only take a small advantage. DYOR

Hamza2424

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Quote from: Not your key not your BTC on June 17, 2023, 03:52:52 AM

A few day ago blackrock happy was buy cheap many btc in the market. Now, you are regret to sold it to big company which will be resold back to you with high price in the next years.

Really?
How?

I did hear that BlackRock is applying for the spot ETF, Recent dump in the market made a really bad impact on the holders and weak hands sold I know that but it was not a major sell in the market. The cyclic market moment is really awesome you get the opportunity to buy & sell (if you know your entry and exit points). I was reading the Glassnode analysis report today and I found a completely opposing thing to your topic stance which is people are converting their Bitcoin accumulation to the illiquid supply, means they are buying and moving it to their personal wallets.

⚫ Non-Liquid Bitcoin supply = 78%+
⚫ Liquid Supply on Exchanges= 11%+

BitcoinTurk

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Quote from: adaseb on June 18, 2023, 11:37:55 PM

This blackrock news is slightly bullish. Maybe when it’s actually approved we might get a rally but after the news came out the market barely moved. Then a few hours later there was a larger move and basically stalled right after.

Maybe if it’s approved and since it’s a spot etf, it might generate a rally because BTC would be taken off the market to supply the trust. However who knows when the decision will be made, could take many months.

We can say that this news has been a bit of an opportunity for the revival of the cryptocurrency markets which have been acting somewhat hesitantly lately. Anyone who has following the cryptocurrency markets, especially over the past few years, has consistently seen a lot of news about Bitcoin ETF's but many applications are often quickly rejected. This time I think the situation is a little different because Blackrock is quite strong, has achieved everything it wants and has various advantages such as having a say in the markets.

Of course, it is very difficult to make a clear comment about the application process but I think that there will be no waiting period for a few months for the decision of this application process. Since this company in this situation I think it will have an impact throughout the approval process and this process will not take long.

Ojima-ojo

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Quote from: Agbe on June 20, 2023, 11:18:41 AM

Quote from: Not your key not your BTC on June 17, 2023, 03:52:52 AM

A few day ago blackrock happy was buy cheap many btc in the market. Now, you are regret to sold it to big company which will be resold back to you with high price in the next years.

I smile ooo!!! When I see the thread I remember Nigeria crude Oil. The marketers in Nigeria sell the crude oil in a cheaper rate and buy it back as fuel in a high price. So the customers at the receiving side. But for bitcoin selling it at this time is a choice to make. If they don't want to buy it at that time, it is not by force. Exchanges are also buying now so they will still sell it when the bull will start. So they will still make profit from other sources.

This is the most sarcastic example ever, comparing bitcoin to crude oil prices is something that may be hard to connect since Bitcoin is a decentralized asset, but the crude oil price is centralized and the government set the price for each local crude and also the government decides which market their want to sell their crude vs what the quality of the crude oil is because that is what also determine the price of the crude product.

So this is far from what is obtainable with Bitcoin because no one decides the price of Bitcoin since Bitcoin is in a free market and demands are what determine the price of Bitcoin, so whether or not the price of Bitcoin is high or not, it is left for the holder to decide whether to sell it or continue holding.

Agbe

legendary

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Quote from: Not your key not your BTC on June 17, 2023, 03:52:52 AM

A few day ago blackrock happy was buy cheap many btc in the market. Now, you are regret to sold it to big company which will be resold back to you with high price in the next years.

I smile ooo!!! When I see the thread I remember Nigeria crude Oil. The marketers in Nigeria sell the crude oil in a cheaper rate and buy it back as fuel in a high price. So the customers at the receiving side. But for bitcoin selling it at this time is a choice to make. If they don't want to buy it at that time, it is not by force. Exchanges are also buying now so they will still sell it when the bull will start. So they will still make profit from other sources.

Unbunplease

legendary

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In my opinion, the major exchanges are aware of manipulation. Perhaps most exchanges have one behind-the-scenes owner and are run from a single center - they operate too synchronously. We see the official owners - but the real owners are always behind the scenes. So we should not trust false moves and make rash actions on emotion.

Lucius

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Quote from: Synchronice on June 19, 2023, 03:21:35 PM

There is a thing that I don't understand, these people buy high sell low and call it trading while trading is to buy low sell high. I don't really understand if someone is confident enough to think that Bitcoin's price will go down and sells coins, why not just short sell them? I don't understand if you are so confident, why should you not profit from loss, why do you just sell it.

What I can tell you from what I've heard from a lot of people over the years is that at least 9 out of 10 people still suspect Bitcoin is some kind of internet scam and every time the price goes down they panic and start selling. Of course, over the years, some have understood the rules of the game and started acting a little more responsibly, but the flow of new people is constant, and they obviously want to learn from their own mistakes, although they are of course the most expensive.

Quote from: Synchronice on June 19, 2023, 03:21:35 PM

Btw definitely this dip was a good time to buy, the price went down to almost 1/3 of its all time high and ATH always significantly increases after every halving. Meh, people make such a stupid mistakes, maybe the CEO of Ledger was right Just kidding.

I believe what I've heard and seen, and he and his people obviously feel that most of their users aren't intelligent enough to write down 24 words on paper and keep them safe. I'll just say that for anyone who isn't able to do that, Bitcoin is definitely not something they should invest in.

slapper

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Quote from: el kaka22 on June 19, 2023, 08:31:23 AM

This is basically just what the whales love, and if you are asking why they are rich and you are not, this is why. They are smart, they see bitcoin going down and think that it is cheap to buy at this price, whereas there are many retail investors who see it go down, and they sell even more.

I think it is obvious that we are not going to see all that much change on the long run, it is going to be a profitable thing to hold bitcoin, sometimes you make a profit in a day, sometimes it takes years, but in the end we all do. This is why it is quite important to just have bitcoin and keep holding it, that's how you make a profit. I do believe that it will take a while before retail investors realizes this, but some of us at least are aware of it, hope more will get there.

The point about BlackRock snapping up BTC during a price slump is a clear 'buy low, sell high' case. This isn't tough stuff, yet many small-scale traders do the reverse.

Your thought that the rich grow richer because they're "smart" might be an oversimplified view. It's not just smarts; it's about the resources, the intel, and the strategic play. Big fish like BlackRock possess deep pockets and top-notch info, helping them steer through the choppy crypto seas with ease.

Holding onto bitcoin could pay off in the long term, but this approach requires immense patience and a strong nerve for market swings. The real issue isn't just about the perks of holding; it's about whether the average Joe can handle the rollercoaster ride.

Synchronice

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Quote from: Lucius on June 18, 2023, 05:59:16 AM

I didn't sell anything, and I believe that most of the forum members didn't sell anything significant these days - in fact, I think that many took advantage of the dip and bought BTC.

There is a thing that I don't understand, these people buy high sell low and call it trading while trading is to buy low sell high. I don't really understand if someone is confident enough to think that Bitcoin's price will go down and sells coins, why not just short sell them? I don't understand if you are so confident, why should you not profit from loss, why do you just sell it.

Btw definitely this dip was a good time to buy, the price went down to almost 1/3 of its all time high and ATH always significantly increases after every halving. Meh, people make such a stupid mistakes, maybe the CEO of Ledger was right Cheesy

Just kidding.

KiaKia

sr. member

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The micro strategy should have done the same thing if the reason they are buying Bitcoin was to dump back into the market, big companies that are accumulating Bitcoin are doing it for the long term, not because of the upcoming g bull market that many investors are waiting for, to dump their bags, these are longer time players, so is Black Rock and others that are on par in the same level.

It seems this is the beginning of Bitcoin adoption from Black Rock, maybe fast forward in the future, they will hold some percentage of the entire Bitcoin supply just like MicroStrategy.

Nevertheless, do not expect instant Bitcoin pumps, there is still a possibility that Bitcoin will lose to Bears and we go down in the short term, since the bulls have already lost control, 200MA is gone, and now there is only one way down unless there is a major event which reclaims that territory.

Topic: Lucky you do not sell to blackrock (Read 431 times)