Saudi Arabia 1M BTC BUY !! | Bitcointalksearch.org

bobbybkk

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Quote from: MFahad on January 25, 2024, 01:43:24 PM

Quote from: humanvelocity on January 22, 2024, 03:46:45 PM

There is a rumour going on about an potential $500 billion investment into BTC by the Saudi governments, As we know today BTC just dropped below $40k. I am having a very strong feeling that this would be the perfect time to invest, What are your thoughts about this and price predictions for next week if the this "rumour" becomes a reality?

I say it is just a rumor. there is no reality in that. because Investing $500 bilions is simply not doable. Saudi Arab's whole GDP is $800 billion. so there is no way they could invest $500 Billion in Bitcoin.. if you said a small amount than that would've been still believable.
Besides buying that much of BTC together will mostly break the whole market. it could be chaotic for entire crypto market if that much money inflaw into it.
So don't worry this rumor will not become reality. Maximum they can invest is $1 billion in Bitcoin which will be a very positive thing for market.

Yep I agree, the total of their wealth fund is 776 billions.

#The Public Investment Fund (PIF; Arabic: صندوق الاستثمارات العامة) is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of US$776 billion (£538 billion) #

https://en.wikipedia.org/wiki/Public_Investment_Fund

MFahad

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Quote from: humanvelocity on January 22, 2024, 03:46:45 PM

There is a rumour going on about an potential $500 billion investment into BTC by the Saudi governments, As we know today BTC just dropped below $40k. I am having a very strong feeling that this would be the perfect time to invest, What are your thoughts about this and price predictions for next week if the this "rumour" becomes a reality?

I say it is just a rumor. there is no reality in that. because Investing $500 bilions is simply not doable. Saudi Arab's whole GDP is $800 billion. so there is no way they could invest $500 Billion in Bitcoin.. if you said a small amount than that would've been still believable.
Besides buying that much of BTC together will mostly break the whole market. it could be chaotic for entire crypto market if that much money inflaw into it.
So don't worry this rumor will not become reality. Maximum they can invest is $1 billion in Bitcoin which will be a very positive thing for market.

iamsange

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Quote from: humanvelocity on January 22, 2024, 03:46:45 PM

There is a rumour going on about an potential $500 billion investment into BTC by the Saudi governments, As we know today BTC just dropped below $40k. I am having a very strong feeling that this would be the perfect time to invest, What are your thoughts about this and price predictions for next week if the this "rumour" becomes a reality?

If the rumors can come true this year, of course a more significant price increase could occur for Bitcoin. Because considering the crypto market at the moment it is not so bad to get a price increase as long as big investors continue to make such purchases on Bitcoin and other cryptocurrencies.

I see that the price of Bitcoin today is not very stable because after returning to $40K, it still fell below that level in a very short time. So just hope that the rumors can come true even though there is another possibility that the rumors were deliberately created so that they could move the hearts of other investors to enter the market before a bigger increase occurs.

Crypto Library

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Quote from: humanvelocity on January 22, 2024, 03:46:45 PM

There is a rumour going on about an potential $500 billion investment into BTC by the Saudi governments, As we know today BTC just dropped below $40k. I am having a very strong feeling that this would be the perfect time to invest, What are your thoughts about this and price predictions for next week if the this "rumour" becomes a reality?

The fact is I think that rumors are one kind of trap. If someone invests depending on Rumors, then it will be foolish, maybe many will invest to buy BTC after seeing this rumor, but it will be very risky. I think even if the rumor is true then you should not invest based on it. I myself and many of my friends have seen losses in most cases while making investments depending only on rumours. Investing depending on rumors is a lot of gambling.
But one thing that can be done is to verify the rumors that they are true or not and the primary way is to go and check the official statement, you can follow the statements of those authors. But interesting is think my eyes haven't caught up any official statement so I don't think Saudi Arabia will buy 1 million bitcoins because one million bitcoins is a huge amount considering the current bitcoin circulating supply of 19.61 million is above 5%.

Kelward

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Quote from: Fundamentals Of on January 22, 2024, 10:02:05 PM

I don't know if this is plain rumor or if there is a little amount of truth in it. My guess is that this is not that serious, at least not yet. Who knows what the rich Saudi government would suddenly want with their money right? But for now, I think this is just to hype Bitcoin, just to stir some FOMO in the market with an unfounded possibility. Of course the rich Saudi government is spending and investing in start-ups and technologies, but I seriously doubt they have half a trillion dollars for Bitcoin.

At this stage the story is just rumor, I don't think that any reputable news sites had said anything about Saudi, government investing in Bitcoin, with that kind of mind boggling amount, although with their wealth they're capable of investing in Bitcoin, although I doubt that they need Bitcoin investment to boost their robust economy. As you said it might be FOMO to stir the price of Bitcoin, probably aimed at letting investors to sale now, so that they can buy it all, anyways despite the slight drop in price, we're still predicting Bitcoin to reach $100k at the peak of bull run.

Synchronice

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Quote from: EFS on January 22, 2024, 11:53:01 PM

I haven't seen a proper source for this news, it wouldn't be right to talk about baseless rumors. If this is going to happen, it will take a very long time for them to collect this amount. It's impossible to buy that much without raising the price significantly. Anyone can invest as much as they want in Bitcoin, it's natural for governments to get involved, but the amount is $40 billion at the current price which seems too high to me to be real. If such a decision is to be taken, I would expect small purchases to be made first, like El Salvador case.

I haven't seen either but I wouldn't believe it even if any legit source wrote an article about it. Probably a speculation to play, pump and dump Bitcoin's price. 1 million Bitcoin is a 5% of total bitcoins, an amount that probably Satoshi owns. At the moment, 1 Million Bitcoin is 39975600000 American dollar. What a silly amount of money. I know that Saudi people are paying crazy amounts of money but I can't believe they paying this much. This will cause a massive spike in Bitcoin's price and the amount of dollar that I converted just right now, will grow further when they start buying coins.

tbterryboy

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It was only a rumour and maybe the intent of it is to make the people FOMO and then they'll dump the price after. So if I were you guys, I won't bite on it because the more the people do, the more they will do it. They think the people here in crypto are too easy to fool. Let's prove them wrong. Let's not tarnish the reputation of cryptos. Anyways, I think the perfect to invest is anytime.

So we can invest today, and we can just ignore the market. But if it dips more we can also choose to buy more, if our strategy is not DCA. Although even if we are DCA'ing, there are still times that the price is dumping on our buying dates. Overall, if ever the rumour turns out to be real. Those who FOMO are lucky because the price is surely going to pump.

DaNNy001

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Quote from: avikz on January 22, 2024, 11:42:57 PM

Quote from: humanvelocity on January 22, 2024, 03:46:45 PM

There is a rumour going on about an potential $500 billion investment into BTC by the Saudi governments, As we know today BTC just dropped below $40k. I am having a very strong feeling that this would be the perfect time to invest, What are your thoughts about this and price predictions for next week if the this "rumour" becomes a reality?

Are you sure that blackrock isn't messing up the Bitcoin price? At current level it is the best time to buy Bitcoin. So I won't be surprised if the news of 500 billion USD investment is actually true. I won't be surprised if blackrock suddenly emergence as the biggest institutional Bitcoin holder of all time. A lot of manipulations are on going in the background.

After the approval of ETF, we all thought that Bitcoin price will touch a new all time high. Clearly that isn't the case. Someone with far more power than we can imagine, is surely messing up with Bitcoin in the open market.

I mean the expectations only actually made the price to go high during those period, this whole scandal with the approval of Bitcoin ETF was just too hyped that the price has already risen so when the SEC actually did approve it there was nothing to hype anymore although like you said many top hands can still influence the price of Bitcoin and its market as we have seen that some scenario and happenings also causes these price fluctuation.

HONDACD125

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Quote from: humanvelocity on January 22, 2024, 03:46:45 PM

There is a rumour going on about an potential $500 billion investment into BTC by the Saudi governments, As we know today BTC just dropped below $40k. I am having a very strong feeling that this would be the perfect time to invest, What are your thoughts about this and price predictions for next week if the this "rumour" becomes a reality?

Of course this is the best time to invest but the one who has the best capital can get the best returns. We have never seen any interest in Bitcoin from the Saudi government, but when they do we all know they have a lot of money. $500 billion is a lot of money, and it's easy to imagine how that amount could grow in value if invested in Bitcoin.

Adding this huge amount to Bitcoin's market cap, its value can go up to $100k. Such a large investment in Bitcoin is not good for a small investor, as there will be no scope for small investors. However, I think the Saudi governments are not interested in Bitcoin, as they have plenty of resources and places to invest.

Solokan

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Of course recently we have seen the price of Bitcoin rising and of course this is happiness for BTC holders, but in the last few days the price of BTC has been decreasing and I think this is a normal correction and I am sure that at the time of because Halving btc the price of BTC will rise high.
yes, I just read this news here is the link:
https://pintu.co.id/news/67446-arab-saudi-qatar-beli-btc-1juta-dolar

Image Source: https://pintu.co.id/news/67446-arab-saudi-qatar-beli-btc-1juta-dolar
In my opinion, if Saudi Arabia and Qatar buy BTC in that amount, I think BTC holders will party because they will definitely be happy because it will definitely have an impact on increasing the price of BTC, and honestly as a BTC investor I also feel happy if Saudi Arabia and Qatar buy BTC in that amount. which is a lot and I also hope that Qatar and Saudi Arabia buy BTC in large amounts.

But in my opinion, if Saudi Arabia and Qatar don't buy BTC, it's certainly not a problem for BTC holders in the long term because BTC has good cycles and habits such as the BTC halving and Bull Run.

Jason Brendon

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Quote from: humanvelocity on January 22, 2024, 03:46:45 PM

There is a rumour going on about an potential $500 billion investment into BTC by the Saudi governments, As we know today BTC just dropped below $40k. I am having a very strong feeling that this would be the perfect time to invest, What are your thoughts about this and price predictions for next week if the this "rumour" becomes a reality?

Let's be realistic my friend. Who the f says that?

Julien_Olynpic

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Typically, such rumors are spread by manipulators at the beginning of a bear market, so that the masses of retail speculators do not sell their bitcoins, but create counter liquidity for the exiting whales. This is classic price manipulation. Rumors are perfect for this. Better than rumors are only expectations, although rumors also form expectations. Expectations are not based on anything I must say. If the Saudi Arabian government wanted to buy Bitcoin, it is unlikely that they would spread rumors. They would just buy it and not shout about it at every corner. We will most likely soon have the opportunity to hear denials from Saudi Arabian officials.

bobbybkk

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Guess if Saudia Arabia really wants to buy 1 Million Bitcoins it will be a low profile project. A couple of thousand here , a couple of thousand there, all spread between plenty of wallets, they are not in a hurry- it will be a longterm project.....

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Quote from: humanvelocity on January 22, 2024, 03:46:45 PM

There is a rumour going on about an potential $500 billion investment into BTC by the Saudi governments, As we know today BTC just dropped below $40k. I am having a very strong feeling that this would be the perfect time to invest, What are your thoughts about this and price predictions for next week if the this "rumour" becomes a reality?

Without a link, the news is not just a rumor but a made-up story. In my opinion for Saudi Arabia allocating $500 billion to buy Bitcoin is not a difficult thing, but have you checked what Bitcoin's current market capitalization is? that's about $783 billion so they will own more than 50% of what is traded, it is very possible that there will be panic because by owning such a large portion they will influence the market and make the Bitcoin market even more unhealthy because they can dump it on the market whenever they want.

albon

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Quote from: humanvelocity on January 22, 2024, 03:46:45 PM

There is a rumour going on about an potential $500 billion investment into BTC by the Saudi governments, As we know today BTC just dropped below $40k. I am having a very strong feeling that this would be the perfect time to invest, What are your thoughts about this and price predictions for next week if the this "rumour" becomes a reality?

It will not become a reality, and one should not invest based on rumors and FOMO. It's worth noting that there are no confirmations or reliable sources that have verified the claims regarding Saudi Arabia and the wealthy oil-rich Gulf countries. A Bitcoin enthusiast on X mentioned this rumor as speculation and has quickly spread on social media and news blogs. Now, Several YouTubers have capitalized on this rumor to create videos and generate views.. It is not logical for Saudi Arabia and Qatar to invest $500 billion in Bitcoin, which would constitute approximately 5% of the total circulating supply of Bitcoin, surpassing Wall Street and many other reasons mentioned here. The goal of these people who help spread rumors is to influence the price of Bitcoin through beginners who may believe and invest based on the information presented to them, and the other goal of spreading such rumors is to achieve fame and money.

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Quote from: humanvelocity on January 22, 2024, 03:46:45 PM

There is a rumour going on about an potential $500 billion investment into BTC by the Saudi governments, As we know today BTC just dropped below $40k.

Good, then next?

Quote from: humanvelocity on January 22, 2024, 03:46:45 PM

I am having a very strong feeling that this would be the perfect time to invest, What are your thoughts about this and price predictions for next week if the this "rumour" becomes a reality?

The BTC Spot ETF is way bigger than of this news as those are with trillion dollar investment companies. But everything is welcome on the community and this market.

As long as these are just rumors then it's better to leave it as-is before celebrating or being happy with that news. It's like it's still in the paper and we'd just hear the news when it actuall comes.

bobbybkk

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Quote from: tyz on January 24, 2024, 04:58:40 PM

Quote from: humanvelocity on January 22, 2024, 03:46:45 PM

There is a rumour going on about an potential $500 billion investment into BTC by the Saudi governments, As we know today BTC just dropped below $40k. I am having a very strong feeling that this would be the perfect time to invest, What are your thoughts about this and price predictions for next week if the this "rumour" becomes a reality?

Do you have any sources for these rumors? I haven't read anything about them yet. So far, Saudi Arabia has mainly invested its wealth in foreign bonds and global equity investments, where they regularly receive interest and dividends. Why would they want to invest half a trillion in Bitcoin now? It makes no sense on this scale, unless they are pursuing a longer-term plan to become less dependent on the West.

Maybe they plan to nuke Israel and worry about sanctions by the West, similar to the ones given to Russia locked out of Swift and so....

tyz

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Quote from: humanvelocity on January 22, 2024, 03:46:45 PM

There is a rumour going on about an potential $500 billion investment into BTC by the Saudi governments, As we know today BTC just dropped below $40k. I am having a very strong feeling that this would be the perfect time to invest, What are your thoughts about this and price predictions for next week if the this "rumour" becomes a reality?

Do you have any sources for these rumors? I haven't read anything about them yet. So far, Saudi Arabia has mainly invested its wealth in foreign bonds and global equity investments, where they regularly receive interest and dividends. Why would they want to invest half a trillion in Bitcoin now? It makes no sense on this scale, unless they are pursuing a longer-term plan to become less dependent on the West.

famososMuertos

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LE ☮︎ Halving es la purga

Not only is it going to be the year of Halving, it is the year of rumors, so, it has some history, it is not a classic "news Fake" either, anyway, bitcoin resonates this year with many investors, it is the year where many believe that Bitcoin dreams come true. Cool

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Quote from: humanvelocity on January 22, 2024, 03:46:45 PM

There is a rumour going on about an potential $500 billion investment into BTC by the Saudi governments, As we know today BTC just dropped below $40k. I am having a very strong feeling that this would be the perfect time to invest, What are your thoughts about this and price predictions for next week if the this "rumour" becomes a reality?

There are different rumors in the market and we don't have to keep attention to that since our motive is to invest in cryptocurrency and try as much to take our profits. The market is still at the right price for us to buy and hold for as long as possible. I believe the market is going to be bullish too and that would make us to benefits from the market depending on the quantity of Bitcoin we have or we have invested. If the story is true, that mean Saudi Arabia would be in huge profits by the time the price of Bitcoin skyrocket to $100k. The opportunity that is in cryptocurrency is huge and we don't have to miss it allowing our ignorance to eat us up.

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