To be honest, they are money producing machines and you shouldn't necessarily be copying what they are doing. They get paid profits from companies all year long and when you are that rich you can afford to lose millions because you are still making hundreds of millions every year from a wide range of sources. Wealth creates wealth on a grand scale, yes they will ultimately push up the price but they are actually detrimental to the ultimate purpose of Bitcoin because they can afford to sit on their wallets for years while taking vast amounts of this limited currency out of circulation. They may even have ulterior motives that us poorer folk cannot comprehend and it might be damaging in the long run to hold certain things that they hold.
You hardly make any sense Fortify.. Are you sure that you are talking about bitcoin and not some nonsense?
Bitcoin still has value if people buy and hold.. so who gives any shits if they were to buy bitcoin and not use it. The removal of bitcoin from circulation does not decrease its value or its utility.
Of course, with some rich people, they surely could have malevolent motives in terms of buying a lot of bitcoin and attempting to manipulate the BTC price, and probably not a whole hell of a lot that can be done about that. Sure there are likely also the use of financial tools that ultimately cause various kinds of fractional reserves in terms of selling bitcoin that they do not have, but if the BTC price goes shooting up, some of those fucktwats using vast sums of dollars or other currencies to attempt to drive the BTC price down through their use of financial instruments will get reckt.. hopefully some of those folks get reckt.. but hey, not even sure about that, even though many of us can already recognize that various kinds of financial instruments are used to create (or manipulate) bitcoin in such a way that they attempt to profit from such manipulation.. and whether they get caught with their pants down or not might be another story in terms of whether justice always comes to manipulators (probably not).
To be honest, they are money producing machines and you shouldn't necessarily be copying what they are doing. They get paid profits from companies all year long and when you are that rich you can afford to lose millions because you are still making hundreds of millions every year from a wide range of sources. Wealth creates wealth on a grand scale, yes they will ultimately push up the price but they are actually detrimental to the ultimate purpose of Bitcoin because they can afford to sit on their wallets for years while taking vast amounts of this limited currency out of circulation. They may even have ulterior motives that us poorer folk cannot comprehend and it might be damaging in the long run to hold certain things that they hold.
This is what I was thinking. Some see them being interested, I see other motives.. What a shame
Of course, there could be mixed motives.. and the facts are not even close to clear in this case regarding even the ballpark of how many BTC that they might be buying, if any.