Lucky you do not sell to blackrock - page 3.

khiholangkang

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Quote from: Beparanf on June 17, 2023, 09:14:58 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.

Blackrock is not buying Bitcoin on exchange. They are buying OTC which doesn’t give impact on the price or else we are already on the 100K mark price if institutional investors is buying on the exchange. They are buying on a market price or discounted price in bulk order OTC. So they technically don’t purchased our Bitcoin but they acquire exchange reserves Bitcoin for a market price.

The part when they will sold back to our liquidity correct unless they will find another institutional investors that willing to purchase their holdings.

That's true, although I do not really understand the mechanism of this ETF is applied, but Blackrock does not buy Bitcoin spots into their bags to be traded.
Even so, but the positive news brought Bitcoin to reflect the price, now really above $ 26+K.

And I think that Bitcoin moves to continue to rise upwards, and form a strong price level again at $ 26K, but it looks like I doubt it will last a long time, because the binance case is still not finished, and that will be an indicator of movement at the price of Bitcoin.

Beparanf

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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.

Blackrock is not buying Bitcoin on exchange. They are buying OTC which doesn’t give impact on the price or else we are already on the 100K mark price if institutional investors is buying on the exchange. They are buying on a market price or discounted price in bulk order OTC. So they technically don’t purchased our Bitcoin but they acquire exchange reserves Bitcoin for a market price.

The part when they will sold back to our liquidity correct unless they will find another institutional investors that willing to purchase their holdings.

Broly46

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0xe25ce19226C3CE65204570dB8D6c6DB1E9Df74AC

that is so deceiving. btw blackrock launch etf is very bad news to me.

what you think is blackrock launch to buy xxx

in fact what I think is blackrock launch to sell you xxx

when blackrock launch etf, they basically sell btc to you, also they are the house now, another bad news is they dilute the btc supply heavily with their paper bitcoin, all but just bad news. blackrock not gonna buy yours btc btw, they rather selling something non existing for something that existed.

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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 a high price in the next years.

There will always be those that sell off their asset no matter what the future looks like and this set of people are just short-term spectators or hunters who are in for just the gain but if the price of the asset dropped significantly their easily get panic and sell at cheap rate then move on the next one not minding what the value of their sold coins will or have become.

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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'm not too sure that they will buy a large amount of BTC, given that they are not an investment firm interested in the bitcoin investment business. But that does not rule out that some of the top managers at the company or their employees took this opportunity to increase their bitcoin investment. Because after all, the average employee at BlackRock is an individual interested in a wide variety of investments, and it's possible that most of them invest in Bitcoin.

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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.

That is not their business model. They are not traders

Blackrock will be custodians of the BTC in an ETF. They make money through administration fees, which will range from 0.03% - 2%, depending on the product.

They are not selling BTC to us. This is not how they make money.

For example, take a look here, SP500 etf:

Quote

https://www.blackrock.com/us/individual/products/239726/ishares-core-sp-500-etf
Fees as stated in the prospectus
Expense Ratio: 0.03%

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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 don't want to pressure those that have sold their bitcoins earlier. There could be some circumstances that they're facing and that's their very option which is to sell.

Quote from: Nwada001 on June 17, 2023, 04:32:19 AM

But why sell to a company when you can sell individually or to an exchange? Why does Blackrock not go into an exchange to buy instead of buying privately from individuals? Was there some kind of discount or something?

I think of what he's trying to say is in general of those who have sold and these whales are the ones who will take it. Regardless of where you sell it, it goes to the market and these are the takers which is BlackRock is one of them.

Nwada001

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Next year is too far away; it's already happening right now. The price has bumped up a little bit down from yesterday, with at least a whole $1k already added to it. Those who sold at 24–25k are already to be considered regretting their action right now.
But why sell to a company when you can sell individually or to an exchange? Why does Blackrock not go into an exchange to buy instead of buying privately from individuals? Was there some kind of discount or something?

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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.

Topic: Lucky you do not sell to blackrock - page 3. (Read 431 times)