Lucky you do not sell to blackrock | Bitcointalksearch.org

STT

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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

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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

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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

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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.

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

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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

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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

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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

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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

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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

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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

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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.

eightdots

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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.

As you said, we are aware of this situation and the number of people who are aware of it is increasing day by day.

They do this all the time and the individual investor always falls into this trap. There is no point in selling bitcoin unless there is an urgent need. There's a lot of news, but bitcoin is holding up. I can't understand what they saw, heard and sold their bitcoins. You want to buy a product in the market at a classically low price. So you need to lower the price first. This is what they are doing now.

Those who sell their bitcoins are trying to buy bitcoins more expensive than the price they sell in a short time. Don't sell and keep holding.

el kaka22

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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.

Lucius

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Quote from: fillippone on June 18, 2023, 10:42:50 AM

I tend to agree.
Also, Blackrock wouldn't be buying Bitcoin even if that ETF had been approved.
The point of an ETF is to be balanced for the issuer. Such structures operate in a risk-neutral way: money in from the customers, money out to buy Bitcoin. There is no need to front-run the customers trying to profit from directionality.

It definitely makes sense from a risk position, although the public's perception (or at least some people) is that BlackRock will suddenly buy some crazy sum of BTC and thus start a big bull run. What remains to be seen is how the market would react to the first spot BTC ETF in the US (if approved), but a few days ago I saw one video showing that futures BTC ETF recorded a significant decline in 2022 and 2023 compared to the years before.

Quote from: rby on June 18, 2023, 11:50:58 AM

Exactly mate!
The majority of the people in the market now are strong hands and I don't think that anyone who understands the bitcoin market will be selling at this time. What actually I'm looking for is slight opportunity to top up and I saw it at 24k.

This is probably the case, although it should always be remembered that past events do not guarantee that the same will happen again in the future. The only certainty that will happen is halving, but there is always the question of whether it can cause the same effects as it did in the past.

Quote from: bettercrypto on June 18, 2023, 08:43:14 PM

As far as I know, Blackrock is a large company that has large holdings of Bitcoins. Although others are wondering when the value of Bitcoin will plummet one day and suddenly its price will pump up in the market.
~snip~

As far as I know BlackRock doesn't own Bitcoin and it's not on any list of public/private companies mentioned in that context, but what makes you think that's the case is the fact that BlackRock owns a 6.76% stake in MicroStrategy which owns 140 000 BTC.

adaseb

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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.

bettercrypto

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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.

As far as I know, Blackrock is a large company that has large holdings of Bitcoins. Although others are wondering when the value of Bitcoin will plummet one day and suddenly its price will pump up in the market.

And because Blackrock has done this, a lot of speculation has come out, some say that the SEC already knows this will happen and others say it is actually meant for preparation for the upcoming bitcoin halving or bull run, although next year it will happen, quite some time from now. But when it is approved, it is certain that the value of Bitcoin will have a rally in the market and that is in our favor, so not now or next year.

Wiwo

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Quote from: SOKO-DEKE on June 18, 2023, 03:59:50 PM

Yes, that is true, but not everyone has the persistence to reach their goals. Some people are easily confused by how the bitcoin market reacts, especially when the price of bitcoin drops sharply. Many new investors rapidly worry and believe something bad may happen.However, some people sell up their Bitcoin holdings at a loss because, in some cases, they may need the money to deal with certain issues, and if they don't, they are left without a solution. If they have good reasons for doing so, however, I don't believe they should feel bad about it.infact some people are not only holding Bitcoin for only profit but also holding it to spend it.

The fact that we have weak hand in Bitcoin goes a long way to point to why we have those characteristics as you mentioned because most of those that sell their Bitcoin whether due to funds and panics or personal needs are all doing so because of their inability to resist the urge to of selling or have the liquidity that there can rely on when the need to spend raised.

The major challenge in this is that the seller will never leave to regret not holding for a longer time and this can be prevented by making adequate financial plans that can help cover up for situations such as this.

SOKO-DEKE

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Quote from: Wiwo on June 17, 2023, 08:41:21 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 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.

Yes, that is true, but not everyone has the persistence to reach their goals. Some people are easily confused by how the bitcoin market reacts, especially when the price of bitcoin drops sharply. Many new investors rapidly worry and believe something bad may happen.However, some people sell up their Bitcoin holdings at a loss because, in some cases, they may need the money to deal with certain issues, and if they don't, they are left without a solution. If they have good reasons for doing so, however, I don't believe they should feel bad about it.infact some people are not only holding Bitcoin for only profit but also holding it to spend it.

rby

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Quote from: Baofeng on June 18, 2023, 12:19:46 PM

Quote from: rby on June 18, 2023, 11:50:58 AM

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.

Exactly mate!
The majority of the people in the market now are strong hands and I don't think that anyone who understands the bitcoin market will be selling at this time. What actually I'm looking for is slight opportunity to top up and I saw it at 24k.

...xxx...
The best opportunity for us is during the bottom last year of $15k. But in any case we see $20k-$24k for this year then that is still a big opportunity, in my opinion. The name of the of game right now is long term.

One thing is that only the strong hands also take advantage of the lowest. Some people who are fetish will believe there is a spirit that accompanies bitcoin. If at the end of today, bitcoin goes down to 15k, you will be surprised that the majority of the people will rather panic and sell off rather than accumulating. This is especially people whose money in Bitcoin has been budgeted for future expenses. It is in bitcoin the adage of the rich becoming richer is practicalized!

Baofeng

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Quote from: rby on June 18, 2023, 11:50:58 AM

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.

Exactly mate!
The majority of the people in the market now are strong hands and I don't think that anyone who understands the bitcoin market will be selling at this time. What actually I'm looking for is slight opportunity to top up and I saw it at 24k.

You're right, I'm not saying that I'm a strong hands or something, needless to say though, that we are not bothered as to what is going on behind. All we want to do is to continue to accumulate.

If ever those who have big capital was able to buy, then good for them. The best opportunity for us is during the bottom last year of $15k. But in any case we see $20k-$24k for this year then that is still a big opportunity, in my opinion. The name of the of game right now is long term.

rby

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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.

Exactly mate!
The majority of the people in the market now are strong hands and I don't think that anyone who understands the bitcoin market will be selling at this time. What actually I'm looking for is slight opportunity to top up and I saw it at 24k.

teosanru

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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.

This actually is a normal market phenomenon these big giants will always enter the market at these crucial points when no one is buying and everyone is ready to sell. They take advantage of the FUD and an average retail investor will unnecessarily sell its holding to these companies because of the huge fuzz they will create about how bad bitcoin is. I won't be surprised if they only first manipulated the market to this dump we saw in last few days.

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

Where did you get such a conclusion from? The fact that BlackRock has submitted a request for a BTC ETF does not mean that it will suddenly start buying BTC, and considering that it is a spot ETF, the SEC has so far rejected every such request, and the deadline in which they have to make a decision is 240 days.

I tend to agree.
Also, Blackrock wouldn't be buying Bitcoin even if that ETF had been approved.
The point of an ETF is to be balanced for the issuer. Such structures operate in a risk-neutral way: money in from the customers, money out to buy Bitcoin. There is no need to front-run the customers trying to profit from directionality.

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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.

Where did you get such a conclusion from? The fact that BlackRock has submitted a request for a BTC ETF does not mean that it will suddenly start buying BTC, and considering that it is a spot ETF, the SEC has so far rejected every such request, and the deadline in which they have to make a decision is 240 days.

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

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 know who you are addressing with this post, but you obviously don't know how trading works - not all people in the world are exposed to the US market, nor do they sell through CEXs. 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.

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Quote from: Not your key not your BTC on June 17, 2023, 08:15:11 PM

Quote from: NeuroticFish on June 17, 2023, 01:33:25 PM

I will tell you a secret: next year is not too far away. And exactly that's why (next year is halving year, you know), the corporate traders (buyers) may be hungrier than in the past 2 years.

Wow, thanks for telling me a secret. I just know that, that not in vain if I hold my little btc on my non-custody.

I will fight that corporate, I won't sell my btc for them. never!!

That's good if you don't want to sell your Bitcoin now and will not sell it to the company's traders. But when the price goes up high and you want to sell it, you won't know who bought your Bitcoin, especially if you sell your Bitcoin on an exchange.

And the company's traders can buy Bitcoin from other people, especially those who are panicked to see the price drop, which happens often. I suggest you don't need to think about that because you better think about how to accumulate more Bitcoins now.

Collecting a lot of Bitcoin will be an advantage for you because you can get big profits next year or when the price of Bitcoin goes up. So it's better to just think about that than to think about the company's traders or negative news about Bitcoin.

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Quote from: Not your key not your BTC on June 17, 2023, 08:15:11 PM

I will fight that corporate, I won't sell my btc for them. never!!

I think it could be wiser to sell (some) at some (much later) point, to allow you an easy life. But it's your money (in your own custody, which is very good), so it's clearly up to you.

Quote from: cryptomaniac_xxx on June 18, 2023, 12:23:28 AM

It's hard to fight them, that's why they are called whales, you can go against them in the open sea.

Perhaps the best thing to do is swim with them, in every price drop, do what they do, buy and continue to accumulate as much as you can. They are definitely hungrier, and they have the capital to scoop as much as you can. But for us average joe, we can also do that as well, and buy where our money can get us and then HODL and wait for the next bull run (2024-2025).

It's only hard to fight them if your hearth starts beating harder at every small movement the price does. Imho it's not worth it. Just zoom to see much longer periods of time, buy in crypto winter, sell (if at all) in FOMO bubble (even if not at the top), and in the rest of time just sit back and relax. Then the whales will no longer be able to touch you.

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Quote from: Not your key not your BTC on June 17, 2023, 08:15:11 PM

Quote from: NeuroticFish on June 17, 2023, 01:33:25 PM

I will tell you a secret: next year is not too far away. And exactly that's why (next year is halving year, you know), the corporate traders (buyers) may be hungrier than in the past 2 years.

Wow, thanks for telling me a secret. I just know that, that not in vain if I hold my little btc on my non-custody.

I will fight that corporate, I won't sell my btc for them. never!!

It's hard to fight them, that's why they are called whales, you can go against them in the open sea.

Perhaps the best thing to do is swim with them, in every price drop, do what they do, buy and continue to accumulate as much as you can. They are definitely hungrier, and they have the capital to scoop as much as you can. But for us average joe, we can also do that as well, and buy where our money can get us and then HODL and wait for the next bull run (2024-2025).

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Quote from: NeuroticFish on June 17, 2023, 01:33:25 PM

I will tell you a secret: next year is not too far away. And exactly that's why (next year is halving year, you know), the corporate traders (buyers) may be hungrier than in the past 2 years.

Wow, thanks for telling me a secret. I just know that, that not in vain if I hold my little btc on my non-custody.

I will fight that corporate, I won't sell my btc for them. never!!

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

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.

While you've noticed correctly the quick recovery of the price, I will tell you a secret: next year is not too far away. And exactly that's why (next year is halving year, you know), the corporate traders (buyers) may be hungrier than in the past 2 years.
Also, for the sake of your long term sanity, start thinking on longer terms, else the daily price movements will affect you, sooner or later (especially if you also hodl a little).

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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.

It's normal to sell, depending on the situation and the person's decision, but the act of selling wrongly occurs when the person decides to sell because of panic or the pressure of price volatility. In a normal sense, a Bitcoin investor is only supposed to buy Bitcoin if they are fully convinced that they can hold it for a very long time until they make some profit, instead of selling when the market is down, which can cause them to lose some funds from their original asset. But well, everyone has their own decisions, and the truth is that, after a bull market, comes a bear market too. So anyone who doesn't buy now should wait for another bear market and hope that the price can get low like the previous best season.

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

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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 has been buying bitcoin for years
as long as users were happy when they sold their coin(at profit) then there is no problem

what i see as a problem is where blackrock is lobbying regulators to set up barriers of entry to make it difficult to purchase bitcoin direct (EG harder to open a coinbase/binance account to buy bitcoin because of all the hurdles needed to register with coinbase/binance) but instead have it too easy to open a blackrock account and buy their silly shares pegged at bitcoin prices. where blackrock owns the bitcoin stored in coinbase but users cant then redeem shares for bitcoin either.
and where if you buy a share for say a 2024 peg of say 0.025btc. in 2025 its pegged at 0.0245btc in 2026 its pegged at 0.024 and so on. the longer you hold the shares the less sats its pegged at

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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.

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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.

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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.

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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 (Read 424 times)