Topic: Will you sell your bitcoin to blackrock? (Read 578 times)

The examples you wrote in the OP do not make sense to me. I don't know what is underneath my house. I do not own what is underneath my house. It is the government that owns whatever is there. So, If someone offered 4x money for land or my house, I would sell that and buy another one. I am sure no one would buy my house or land for 4x the price.

Now, what is the difference between selling to BlackRock or selling to someone else? There are unrealistic offers. No matter who offer double price, I would sell to them and buy double amount of Bitcoin. I think this is unnessesary discussion.

If someone made me an offer like that I would think a lot about whether to sell something at that price. Some opportunities come only once and what if I sell I do it thinking about whether I will get this opportunity again later and I sell it quickly and treat them well. Will pay me twice as much. So I will buy the same amount in bitcoins and invest the rest in other business.

About basic and technical things of Bitcoin, Black Rock does not know more than Bitcoiners because Bitcoin blockchain is open source. Everyone can dig into the Bitcoin source code to learn, read Bitcoin wiki as well as many available free educational resources. We can learn those things so do Black Rock.

However, Black Rock has very high rate of success with their past Spot ETF applications and I think they likely have very good relationships with governmental regulatory agencies so that they know what we don't know. It is helpful for them to get that nearly perfect successful rate.

During this uncertain period, when there are about 10 more days till the day SEC. have to announce their decisions about all Bitcoin Spot ETF applications, approve them or reject them, it's better to hold our bitcoin tightly.

I know that Bitcoin has many reasons to go with corrections after a 2023 crazy year but my belief is after corrections, it will have a bull run. Halving will occur in April and I don't have fear to lose my capital if I hold my coins longer than April 2024.

SEC. approve or refuse Bitcoin Spot ETF applications, it is not a big concern with me. Halving is more important and I am waiting for it.

Exactly, it's base on your financial challenge that will make you to rush and sell off your bitcoin when it's not needful, so I think that we suppose to have a particular period to sell bitcoin, so therefore I blame whosoever that don't know when to sell bitcoin and when not sell bitcoin from my perspective, because is good to know or learn bitcoin trading properly and it's what will enable an investor not to sell when due and when not due, so a someone who uses graph by studying the movement of bitcoin will not be the victim of selling it bitcoin directly when profit will not manifest

 

That is a tricky question, because I don't think BlackRock knows more than we do, but we all know that the supply of Bitcoin is limited and if someone controls the majority of the market, he will be able to squeeze prices. As for the story of the house, it all comes down to if you enjoy living in your house and that community, or if you can consider selling it. Assuming I would find a similar house with same sizes for 500k, then I would be selling rather quickly and enjoy the 1.5m cash I get for free. Investing all that money and only using the interest each year is giving a nice boost to my income. With Bitcoin the story would be a bit different, because we don't have to sell all your coins at once. With a house or apartment, we can only sell or keep, there is no in-between. Whenever there is a price jump to 100k or 1m I would only consider to sell maybe 25% of my holdings and never everything, because there is no hard cap on the bitcoin price, it could always rise higher.

 

Hahah. this is the best answer someone can give to these big Corporations. These are like those villains who willing to snatch your property just for their own financial gains. Blackrock is a Big Whale of this Occean. they are almost controlling every Bank. and now want to come for Bitcoin and Crypto market. I might not be as strong holder as you. but I would definitely do my best to not directly sell my Bitcoins to such big corporates even if they offer me 10x than the current market price..

Bro There are strong holders who can hold their bitcoins forever. some people see the bigger picture and long term profit. rather than just sell them with small margins.. the context of "holding forever" is more like Holding for Long term.

This is a complicated question to answer because it is a very individual question.
But anyone who understands the dynamics of bitcoin cycles will sooner or later get rid of them to buy in the bear market.

I'm going to sell some of what I have myself. That's how it works, because if you never sell, what's the point of never being able to spend money, buy something, travel, you have to enjoy life a little too.

Bitcoin will always rise, monetary expansion is infinite, this justifies it rising in price infinitely, to never lose bitcoins, you need to study its cycles.

Here's the thing. It's much easier to do the research on something that's been on the market for hundreds of years. Our grandparents used to trade land, but not many people have traded bitcoin and know what the real value behind it is. I'm willing to bet it would take you a lot of time to find if it is or isn't worth the price they're offering. It's good that you're giving it a deeper thought though.



They aren't going to offer you more than the market price, but the market price will become unstable due to high demand. Imagine that one day it's worth 50k, the next day 51k, the next 52k, after a month it's 100k. You know the institutions are pumping it, you know the demand is high. They're already offering you 100% above what the market price was a month ago, but you wait another month and they're again offering 100% above that. What's the real value then? The price from January, February, March? Maybe the real price is what they'll be offering in a week, or in a month?

I hope you understand where I'm trying to go here. They'll not say that they'll give you 100k when the market price is 50k, but they will pump the price for you to feel the incentive to sell. I believe there will come a day when if you choose any single day in a year to sell your bitcoin it will be below value, meaning that if you do it on 10th of May, on 10th of June it will be 20% higher and so on.
The question is what you do when faced with constant demand? Do you dump it thinking it can't get any better, or do you hold thinking they must know something you don't since there was no such event in the history of bitcoin, so there's no historical data for you to rely on.

There is no way we can hold Bitcoin forever. Our individual motive is to hold for as long as we like and sell whenever we have made profits and ready to sell. I do t think anyone has the plan to hold Bitcoin forever. The major reason why we are in the crypto market is to make profits. We can always sell our Bitcoin to whoever we want or simply sell on an exchange where we can simply sell anonymously choosing who we want to sell to after we have made some few profits in the market.

If a $5000 house suddenly offered 2 million I certainly wouldn't return the 2 million and immediately accept the 2 million offer before I see why they are overpaying me so big. If I find something like that, I will not sell my house and land even for 2 million, but if I see that the people who take my house and land will make a profit but I have no profit, then I will never reject an offer of 2 million. Decisions must be thought through before making decisions. If after taking a decision we regret that we should not have taken this decision but that regret will not help us so we have to think first and then take the right decision. Those who will give me two million over will certainly give me some time with the two million to think it over and I will use that time.

With Bitcoin's value soaring over 160% in 2023, it's no wonder owning just 1 BTC is becoming a rarity.
Own 1 Bitcoin places holders among the privileged few.
Scarcity is starting to kick in, I know.
But The unrestrained greed enabled by the current spamming looks like a classical tragedy of the commons situation.

I mean when you are as rich as having trillions of dollars trusted to you to do something, it's normal that you are going to be able to purchase everything. Think about it this way, if they wanted to use all of their money to buy bitcoin at this price, which they can't, if they try to buy a lot, the price would go up, but if they wanted to buy everything at this price, they could buy the entire crypto space like 5 times over, they are THAT big.

This is why it doesn't really matter what we want to do or what we are going to do, it's important that we just let it happen and hope that their entry would make it super high. Instead of being worried about them, we should consider being hyped about them getitng involved. This could be done by thinking how much money you can make, I mean if you buy as much as you can right now, that means you are going to end up with a ton of money later on, when blackrock joins with their ETF, you literally have a recipe to get richer.

Right. Bitcoin is for long term investment and I will hold into it. The persons who offers that amount out of the blue sounds suspicious and I might feel like their manipulating me. If someone offers me that much and I have an emergency, I would gladly accept the offer rather than sell it at a lower price. Balancing long-term investment goals with immediate financial needs and enjoyment is also important.

This is actually the best example to understand how valuable Bitcoins are. People are offering high price for the coins really knows the value of these coins. They did the research and know that Bitcoins are fixed in number. They also know that day by day the demand to acquire the coins are increasing. So as the demand is increasing and the coins are fixed in number, hence the price will go up in order to fulfil the demand. Hence it is always advised not to sell the coins. Hold the coins as long as you can. Sell only when you need emergency money and don’t have any other options.

Hm.  That very much reminds me of the movie There Will Be Blood.  And the farmers got suckered and sold their land.

Anyway, Blackrock?  They own everything.  Just go to Yahoo Finance or any other site that lists the major shareholders of any corporation that's public and 99 times out of 100 they're one of the top 3 holders of any given stock.  It's crazy.  In fact, the same names pop up every time, like Vanguard Group, State Street Corporation, etc.  Anyway.

The question OP posed is silly IMO.  It's a scenario that isn't going to happen, and it's not even an interesting hypothetical.  Unless Blackrock had some inside information along the lines of the US government intending to make an enormous purchase of bitcoin, they would have no more information about bitcoin's future performance than any of us.  Oil can be located underneath a house without the homeowners knowing it, but bitcoin?  Nah.

A nice thought experiment. Assuming the property has no significant sentimental value and you don't have to make the decision immediately - I'd spend some time researching, and if I couldn't find any indication of it being worth more than $2 mils, I'd sell it, buy a similar one and enjoy the difference.



This is not at all similar to the first part of your post though. If they offer to pay you above the market price, just sell it to them and buy back cheaper immediately. No dilemma here.

Yes, Bitcoin offers a unique path to financial success. However, your strategy lacks long-term vision. Bitcoin is a hedge against inflation and a symbol of resistance to existing financial institutions. Quick selling devalues these principles. I understand: instant rewards are attractive, especially when financial stability is at stake. Dont underestimate Bitcoin's resiliency and growth potential. This is a movement, not just an investment. Holding is about redefining financial independence, not just personal gain.

In addition to diversification, game-changing opportunities must be identified. Bitcoin is a pledge to a fairer financial future, not merely an investment. By holding, you're betting Bitcoin's value will go beyond money. Think big and your financial story could change.

It shows that there is something about the land that you don't know, if you fail to sell because of it don't forget that anything on the land doesn't belong to you, it's for the state and the government will seize it eventually, it's better to take the money and use that to your own advantage.

Point of correction, many people have bought Bitcoin only to sell it for lower price, the buying high and selling low effect is real in crypto space, some people do get tired of holding and they dump their Bitcoin and that's because they expected faster reaction in the price of Bitcoin.

If I happen to get my hands on a million dollars I will turn myself into a Bitcoin whale, I will go hard on Bitcoin adoption, I am currently doing fine in life and I am contented with what I have but extra money like this will do good for long term investment.

I believe the OP is not informed about the situation at all. Blackrock can't be daft to offer to buy Bitcoin at a higher rate, ETF doesn't work like that. It can only work like that if those companies dealing with ETF try to buy all Bitcoins in circulation at once, which I think is not possible. People and the government would be resistant to it as it would be tantamount to monopolising it and I do not believe that it can work for them too because owning all Bitcoin and starting selling it later to people in the form of shares might backfire on them if care is not taken. Well, we should wait for further development in this regard to actually know how they will structure their business, but this can't be any different from the ways old ETFs are operating.

Also, one thing that is sure is that Blackrock will operate similarly to banks, financial institutions and brokerages/exchanges, they will have their Bid and Ask prices, which will always let their customers know the Offering rate and the Liquidation rates on their parts. However, if this style is to be used to judge the situation, definitely, Blackrock will be selling to you at a higher price and buying from you at a lower price. That is what will increase their Spreads which is one of the ways they will be making money from the ETF services.

I am holding my Bitcoin forever. Blackrock can take their offer and shove it up their xxx. I am not going to sell to them even if Bitcoin goes up to 200% and there will be profit to make from it. Theirs can never be the real deal. It violates the whole ideal for which Satoshis wrote in his white paper. Unfortunately, when the price of Bitcoin goes up, people are going to sell to exchanges for profit and exchange are going to sell to BlackRock. They'll do this unknowingly.