Topic: What if mega banks/companies accept btc and hoard it?? - page 2. (Read 1733 times)
Then BTC would be damaged as a means of exchange. The total market cap of BTC could be purchased by a single institution. This is implausible, but even a significant purchase of liquid BTC would significantly damage the ability to use BTC.
If any banks or organizations attempted to do this it would only push the price up for the rest of us, though maybe they could do it on purpose just to inflate their coins and then dump them, but it would be risky.
Price will go up if people buy and hoard. Price goes down if people unload.
they start ... when they fail (profit marge very very low).
company don't use gold ... even if skyrocket price ...
company don't use gold ... even if skyrocket price ...
I don't think we have even seen the start of Bitcoin hoarding. Wait until governments start confiscating pension funds and helping themselves to people's bank deposits. A niche market has already started for men who are undergoing a divorce and looking to hide their assets. In the future, pretty much everyone will be looking to hide their assets!
If banks start trading with BTC then prices will rocket shoot to 1000$+ very easily.
Hi.
What if mega banks/companies decided to accept btc, and hold it? They are billion dollar + organizations. They could afford to hold millions of BTC on hand and it wouldn't affect them. Heck even some of the large companies that are smaller have capitical expenditures in the 100s of millions of dollars per year. It seems the best thing for banks to do would be to buy bitcoins up and hold onto them.
How badly would it affect us knowing the banks regain control simply because they have soo much money to buy it out? They might have been doing it this whole time and we wouldn't know it.
What if mega banks/companies decided to accept btc, and hold it? They are billion dollar + organizations. They could afford to hold millions of BTC on hand and it wouldn't affect them. Heck even some of the large companies that are smaller have capitical expenditures in the 100s of millions of dollars per year. It seems the best thing for banks to do would be to buy bitcoins up and hold onto them.
How badly would it affect us knowing the banks regain control simply because they have soo much money to buy it out? They might have been doing it this whole time and we wouldn't know it.
Jump to: