Topic: Will you sell your bitcoin to blackrock? (Read 654 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.

The fact remains that, nobody that is poor or average in terms of their financial status, will want to hold their bitcoins forever, the poor and average people buying bitcoin today are doing so that in the future, they will sell it at a higher price and make good profit.
So, going by this, I would say that, If for example, that I am poor or average in my financial status, which automatically means that, I must have being investing in bitcoin, so that, in the future, I will sell it and make more money, possibly enough to change my financial status from being poor and middle class to being extremely rich and wealthy.
So yeah, what will be the essence of still holding bitcoin if and when an opportunity that will help fulfill that life long dream of mine presents itself?

I can't hodl by bitcoin simply because I don't want the next buyer to make profit, that is greed and selfishness at its highest order.
So, I will sell, as long as I am very comfortable and satisfied with the price I am being offered for it, there are alot of other stuffs to invest in and make even more money, and I definitely need money to carry out such investments.

it would clearly be suspicious why that person bid higher than the market price, even more than 2x. but if I was in that position I would obviously sell bitcoin even if the deal was $100k because if you think about it, we could buy it on the market again slowly, or invest it somewhere. because from the context I learned from this there might be price manipulation in the future, why would anyone dare to buy bitcoin at more than the market price. it definitely had something planned.

If someone were to offer me more price value for some BTC I have well invested, I would like to know if such person has more knowledge than seen or is a broker or trader investor and you know there's gotta be a portfolio to prove due diligence.

I understand one thing so far though, and that's, any person who has a focused and DCAd plan to fulfil can be opened to an opportunity like this and be convinced of the sales of their BTC to even blackrock, should they come knocking.
Afterall, buying my BTC assets doesn't stop anyone from patronizing an exchange or trader or from completing a P2p transaction inorder to acquire some more BTC .

The question is wrong.

The market has buyers and sellers and if I am a seller, I don't mind who are buyers will buy bitcoin from me. I set up a sell order with Limit order type and wait the market, buy orders, buyers to fill it for me. When my sale is done, it's done and I get stable coin or cash, I don't mind about buyers.

Black Rock, Grayscale or MicroStrategy, I don't mind about them or any big institutional investor from https://bitcointreasuries.net/

Blackrock won't be buying any Bitcoin from retail traders. There is a large OTC market and they can purchase large amount, without affecting the volumes, and we won't know until after the fact. There are tons of BTC that are owned by miners, MtGox, US Government, etc who would rather sell OTC than sell on the open market.

And eventually everyone will sell to Blackrock at a certain price, people won't hold it forever. If it hits $250K or $1M a coin, you won't sell some? Unless there is some hyperinflation going on and every currency is on brink of collapse, most will sell and reinvest in other assets like stocks or real estate.

I do not think that they would be buying like that. It would be OTC, and they will deal with another company, or maybe directly with coinbase itself, and they will do their bidding. That way, they would constantly be buying at market price, but not make it go up, if you buy billions worth all at once, you would skyrocket the price and that's both good but also not good because you would pay a lot.

However, if you just put orders at market price, at all times, and do not make it go higher, and drop when it drops, up when it goes up then you could make it work. That will take a while, and when we are talking about billions, it may take as much as months, but it would definitely help people out and keep the price normal and would be great for blackrock as well.

When bitcoin price made an ATH at 68k many people sold bitcoins and many bought bitcoins with a target of $100k but only bitcoins were not sold and if everyone only sold bitcoins then who would buy them? So the actual holders never want to sell Bitcoin no matter how much its price goes up.  And those who just want some profit sell their bitcoins when they pump up a bit from their purchase price. So it will be different for each person not same for all

Selling Bitcoin to BlackRock or any entity depends on your financial goals, risk tolerance, and market conditions. Consider factors like market trends, your investment strategy, BlackRock's position, tax implications, portfolio diversification, risk tolerance, and regulatory considerations. Consult with a financial advisor for personalized advice based on your situation.

Any resources you found on your land belongs to the state, if you sell it then you are playing with fire, no one from the legal side will pay for anything, it's illegal if they offer too much money, and of cos it's certain that they found something valuable on the land, you should seek for help, because in some country you can get killed for nothing and they will take everything they want from the land.

I will probably take the deal if there is no house on the land, 500k is already a lot of money but $2 million? That's insanely high, I hope they find what they are looking for, I will take the money and use almost all to invest in Bitcoin, even with 100k I will have a better life ahead of me.

The scenario you gave to us come to conclusion when you nothing of the important of the land, but a process whereby you something concerning the new development that is about to happen in that environment, I don't think that you will like to give out your piece of land when you have already gotten the basic knowledge of the stuff, so therefore it's when you know about of the future and it's when you will know the important, so what you just narrated is some of someone who don't know the important of what he have.

Op all depends on the quality not the House. From my country, $500k is a very huge amount of money and if one used that amount build house, that means the house would be one of the best in town and someone wants to offer you $2,000,000. Men that is a serious temptation. But if I am not selling the house at that time I will not take the offer because the stress to build another house to the standard level again, it will not be easy. So I will advise him to look for another land to buy.

But if your illustration is for Bitcoin. And I have spent $500k for Bitcoin and someone wants to but it with $2,000,000. Guy I will sell them and use #1,5,000,000 to invest again and use $5,000,000 to pay some bills. But your illustration and the purchasing of Bitcoin are two different storylines.

It's a tempting offer, but I'd be cautious. Selling Bitcoin to BlackRock at a high price raises suspicions. Would you sell, or do you suspect hidden value?

Your post makes it sound like BlackRock is buying Bitcoin personally...that's not the case. They're buying it from the open/free market and OTC with other institutions. If someone buys the Bitcoin that we are selling, we don't know how it is. Even if we can assume it was BlackRock, it doesn't make any difference

There are only two markets - the open/spot market, and the OTC market. It's unlikely you'll ever do an OTC with black rock directly and then be able to buy back for the same/less price instantly on-market. I wouldn't see the point in that either

I think I understand the analogy the OP is trying to make.

Here is my take on what the OP is getting at, If a Spot Bitcoin ETF, particularly the Blackrock
one we generally are assuming there will be a price hike based on simple supply v's demand
scenarios. If the price starts going up and some people sell their Bitcoin to realise profits
there is a very strong chance Blackrock will be buying those to fulfill its clients Bitcoin
investments demands.

Where does the similarities to the OP's Q's come in?

There might also be a very good chance that if you sell your Bitcoin ^{to Blackrock}
you might never be able to buy them back at least at the same price.

What improvements do you have in mind?
Just look at my post on the previous site. I tried to clear all the misunderstandings there instead of editing my main post that many people quoted in it's original form anyway.
An exit plan? Feels like talking to a trader, to be honest. I'm not a trader and I don't have exit plans.

I get it, but to offer an ETF service they have to hold bitcoin in custody, right? Also, they aren't the only fund applying and there was a new application filed just days ago, so we don't know the total number of ETFs that will function 2 years from now. I don't think there's enough bitcoin at sub $100k for them, not even close.


If you my post on page 2, you'll see what I mean. I know how the market works, but I'm talking about a supply shock, not a personalized offer of a million OTC.
I'm talking about a situation where you see the demand is higher than ever and every day the asset appreciates, most likely due to institutional interest.

OP, there's buyers and sellers at every moment of every day. According to your logic nobody should ever sell or use Bitcoin because it'll continue to go higher long term.

Well, money is to be used. The vast majority of people who own bitcoin are going to want to use it at some point. Only people who might never use it are wealthy people for whom any Bitcoin they have is entirely unneeded and is just purely extra wealth that they will pass down for generations. Most people are going to sell when they want to. Hell I just sold a little bit last month to take a vacation and pay for a few other things.

Selling has nothing to do with Blackrock, and has nothing to do with not understanding Bitcoin's value and other people understanding its value better. By your logic nobody would EVER sell any investment ever because a buyer is always buying because they expect to make money, so your logic says nobody can ever sell any investment because the buyer is only buying due to an expectation that the price will be higher than you are selling it at. Which clearly makes no sense, because money is a thing people use. People sell when they want, every single second of every single day. It's not an issue. It's literally how markets work.

So you are trying to compare Bitcoin to a house? This comparison doesn't work me. My house is the place where I live. I'm emotionally attached to it. It will be really hard for me to sell my house, even if someone offers me a great price. I'm not emotionally attached to my Bitcoins, so there won't be any problem for me to sell my BTC at a bull run or even at ATH, because I know that bull runs are followed by price corrections and bear markets. I will most likely sell BTC at a bull run and buy back at a bear market.
There's no way Blackrock to offer me to buy my BTC in the real world. Big institutional investors simply don't work that way.
Blackrock might offer me to deposit my BTC in their hot wallets, so that they could "manage" them for me.
I would never agree to make such deposit.

This is a very good question! Your question is very reasonable and insightful, and I must tell you that I had thought about this over and over before reading your post. But first, Blackrock will not offer you Bitcoin at a higher price, they will only offer an ETF service.

Well, it's good for people like us who were already in the investment environment before Bitcoin and cryptocurrency came in, we are not bothered. The ETF saga is not freaking us because we know the truth. The ETF in Gold and Oil can't be related with investors like the ETF in Bitcoin. Do you know why? Bitcoin is accessible informally, unlike Gold, Oil and others.

For instance, if I would like to partake in Bitcoin investment, I can easily open my wallet and fund it with my coins, and here we go, I continue to make money when Bitcoin's price is high and lose when it is low. What would Blackrock do differently? In addition, I will do this by not paying charges to any third party like Blackrock, so why do it under their custody? You know, in Gold and Oil, you can't just buy an ETF like that, you have to go through the dealing agents, which makes it different. ETF in Bitcoin is not a big deal for us, but more custodial capital for the company.

Now, tell me, why go through Blackrock? All the ETF events are not well viewed, which is why people see it as a big deal. Though a good step that Bitcoin and the Crypto industry in general are advancing.

Haha, OP quite a mismatching concept dear, I cant relate to any of the situations but for the bitcoin obviously its not as if it started pumping and it will continue till the end of the day, market moves with swings, and I can sell at a reasonable price if there are market sentiments that I can later on buy on an even lower price.

If the market sentiments are highly bullish in that particular scenario I'll wait for my exit plan. Also, Op better make some improvements while making the post and example.

I will give it a second thought because my land that actually worth $500k and someone is giving me 2 mil for that same land will create doubt in my mind too. Either that would be suspicious like either the person or the offer is legit or not. Besides this, I would have the same thought also, but to overcome this hurdle I would do my analysis and will search out to other resources I will have to find out why they are giving me so much money for my less expensive land.

Once I find the answer I might not sell them, for example, one of my cousins lives in a city area and the land in front of them is worth around 30 lac (local currency) but that whole area become industrialized even the industries are far away from that land, but the owner of the land judged the people who brought the deal of that land of 2 crores. Once the owner found out that there land was worth that much due to this reason they decided not to sell and the last time I checked it was of 4 crore.

I got your main concerns here and they are really so legit that we all should learn this, if everyone is saying BTC will reach or at the least, it will cross $100k then most of the people will make some booking at this price tag but if the people are saying it will touch $150k then people will do the same at that price, but the real ones know that it has more potential than 1$100k or $150k, so they will not sell their lands (BTC) and will wait for the right moment.

There were actually people who buy a BTC and then sell it cheaply. They are the people who are lacking of patience and are also nervous. They think the price will dump more if they won't act quick. I don't think Black Rock is the only one that can set the price of BTC.

And I don't think that $100k first came from them. It was only the assumption of the public. Many even thinks it is high enough for BTC and it will be hard for it to achieve. So if let say it happens for real, will you still think twice if you will sell? Well go ahead and you might regret your decision, as the price can dump hard because many people are also waiting for it before they sell and it could take a long time again for BTC to recover.

The case with a house is different from the case with Bitcoin because a house is a place where you can actually reside. So if I lived in that house and someone offered me to sell it, I probably would not because a house holds sentimental value, and buying a different one, relocating and all that can prove difficult. If it's a house that's there solely as an investment, I'd be totally fine selling.
With Bitcoin, it's very unlikely that someone approaches you and asks to buy your BTC, at a price higher than the market average. If someone does that, I'd suspect a scam. If we're talking about selling on an exchange at an average price (but higher than the invested amount), then there's no practical way of knowing who's getting that money and for which purposes. I don't have anything against BlackRock, and I'd just follow my personal strategy that I always follow with Bitcoin: sell when you need to or can benefit directly from it (by buying something cool), hold in other situations. To me, it's more about the circumstances than the price.

Guess I wasn't clear enough. What I meant by a million was not that at the current price of $40k they offer you and only you $100k, but that you'll see a race to buy out available supply at some point that will cause an enormous price surge. You'll suddenly face a $10k growth every single day. You'll go to bed at $80k, wake up and it's at 90, next day it's $100k, the next day $110k and so on.
When that time comes you can suspect that these are institutions buying. I made it simple and called "them" black rock, but it may be ProShares, Bitwise, or even JP Morgan. Will you sell your bitcoin when faced with a supply squeeze of bitcoin, knowing that if they're willing to pay you 2x or 3x the price from last week, they must know something that you don't. When it happens, it's possible you'll never see a $100k bitcoin again and the next stop is $1m.


It depends on the country and whether you have mineral rights (in the US).
Even if you don't, the government will have to buy or lease your land. Not owning mineral rights doesn't mean they can take your land and kick you out.


That's the thing, when that happens you most likely won't be able to sell for $100k and buy it back later. The question is how much you'll settle for.



I had the same thoughts come to my mind, which is why I asked the question, but many people thought I was talking about going against the market, or that I thought a company is going to ignore the rules of the market. I did not mean anything like that.
I simply thought that if someone knocked at my door today and gave me $1m for my house, I wouldn't sell, despite it being worth much less than that (but that's subjective as the market conditions tend to change) and I related the situation to bitcoin.


That's the spirit! I love it. Saylor would be proud.


 


Here's a problem: you don't know if you'll ever be able to buy it back cheaper, but for the sake of the conversation let's say you won't.
Last month it was $90k, now it's $100k, next month it may be 110k, or it can be 101k, but it's not going back.
Do you get rid of it?


They aren't going to give you a special offer. They're going to give that offer to the market.
If someone were to put $100m on the market today, you'd see us push above $40k, but imagine a situation where it's 100 billion. FYI BlackRock alone manages 9 trillion dollars of assets.
It's really possible and even likely that in the near future we'll see bitcoin's market cap grow from the current 777 billion to 1 trillion.


If your car is a Toyota Corolla that a million other people have and which they're making (probably) a thousand every day, you'll have a hard time with that. If you're selling a limited edition car that's not being made anymore and there's a collector buying out every single one of them, you might be on the right track.
When you ask a million when everyone else sells for 100k you won't achieve anything, but I'm talking about a situation where the market price is there because all the coins that people were selling for $900k are long gone. I'm talking about a situation where they offer you unlimited fiat money for your limited property.



In your case it's no regrets, I got what I came here for, life goes on. I'm ok with that, but wanted to know how many people will settle for /example/ x5 profit when they could be getting that x5 each year for the next 10 years

You have a dichotomy in the context, in any case it does not matter what or who, there is always a decision involved that depends on your knowledge and analysis, I think you were looking to find the idea (context, op) of what to sell bitcoin in certain Situations may be disadvantageous or seek to deceive you.

If the bitcoin reaches a certain value, whatever it may be, the weighting of the sale is more important than where, with whom the sale is made, the decision to sell (or buy) should always have a prior analysis, with that I want to say that as long as that prevails, it is the way to proceed.

Everyone have goals...and I have goals too, and if my goals can be achieved by selling my BTC to BlackRock, why not? There is a possibility that they will make a larger profit, but what's the point if my goal and BlackRock's are different. We just need to act as ourselves and not be envious of others' income or achievements. Focusing on envy toward others' achievements will only waste our time and our energy... it's better to focus on our goals and our life. If there's an opportunity to achieve our goals, I prefer not to miss that chance.

What if BlackRock resells it at a higher price? Well, so be it... the decision has already been made, and I shouldn't regret it. At least I'm not one of those who suffered a loss by selling BTC at a lower price.

Even though the examples given aren't exactly similar, I think it is a good explanation. If I were to comment within the scope of the example and comparison in question;

If someone wants to buy my house for a price four times its current value, I tell him/her that I will get back to him/her after evaluating his/her offer. The reason for this is that I need time to do research to find out the reason for this offered amount and to find the new house I will buy for myself after accepting a possible offer. Yes, the new house I will buy... The most important factor to consider here is how easy it will be to obtain the product sold again. Since there are hundreds or even thousands of houses for sale in today's conditions, I think it is necessary to consider all conditions.

A similar situation doesn't apply to Bitcoin because the supply of Bitcoin is limited and the price increases as demand increases. That is, if a person or institution buys everyone's Bitcoins at a price four times their current value and if no one sells Bitcoins at a lower price than the price I sell, there will be a high probability that I will not accept the sales offer because I will not be able to own Bitcoin again cheaper than my selling price. Additionally, as someone who makes my Bitcoin investments in line with certain price targets I will definitely not accept the sale if the offered price is below this target.

In summary, I wanted to express my opinion by giving small information about both scenarios. I hope that you will understand that both scenarios are actually different things and should be interpreted on their own.

are you watching too much dramas? well anyway i don’t care i’m gonna take the $2m because i need it now and whatever they plan on building on my land, it’s none of my business anymore


what are you talking about no one “offers” bitcoin for another price whatever is its price right now
that is all you can buy or sell it for

It's normal to wonder why they want to buy your property with 4x of your selling, even though property is a kind of investment, you can't immediately sell it at a very high price. But because they offered it for you, I will going to sell it because I can buy new property with only $500k price. However, we can't compare Bitcoin to a house or a piece of land because Bitcoin is different. If ever you have Bitcoin and there's some offer you $100k price even though the current price is $50k, the current price of Bitcoin will not turn to $100k. The price of Bitcoin will depend of the circulating supply and the market cap.

true, but every investor has a target selling price that they expect. when the target is reached it probably won't take long to sell it straight away. Being an investor is what you are looking for, it's just that investors' expectations are always different because they have their own research that they trust. I also do the same thing

A question I've been thinking about for a long time since Blackrock decided to dive into Bitcoin.  If I sell it maybe in the next year the price will be more expensive but if I don't sell it I need money to meet my needs. When faced with a choice situation I would be in a dilemma to be honest but  wouldn't the price of Bitcoin drop again The  investment cycle is always changing although  it cannot be denied that the supply of Bitcoin is a reference to how the  scarcer it is the more expensive it is. On the other hand we realize  that we are not investors who have income from all sides  so this opportunity will  not come twice. We will really  feel it when 100k or 1 million is in sight.

Selling my coin will depend on my target for my investment. If any buyer offers to me up to the amount I have budgeted to sell my coin, I will sell it and make a profit. It will also depend on the individual's financial strength. Some people have so much money that they can keep their Bitcoin for a long time because they don't really need the money. Others need to sell to solve some pressing financial issues. Some need to sell their coins to pay debt, buy or build a house, pay education fees, etc. Such people will not hesitate to sell their coins immediately after they find a good selling price. In most cases, sellers don't care about what the buyer wants to do with the product. Is there any other reason for BlackRock investing in Bitcoin apart from making a profit like other investors?

If someone is sane enough to buy my bitcoins at a price higher than the market price, I will sell immediately, if blackrock buys my bitcoins for 100k dollars right now I will sell without thinking, LOL. But how can that happen when they can buy it cheaper in the market? this will never happen because they are not that stupid.
Bitcoin is scarce but it is not so scarce that it is difficult to buy like you are saying. Furthermore, we are investing in bitcoin and what benefit will it bring us if we don't sell it? I will sell when the price reaches my target, and wait to buy back when the price drops, I will not foolishly hold bitcoin until death.

In this case involving bitcoin, the buyer is aware that there are other places to purchase bitcoin, but he is in particular need of the one I am holding. In that situation, I must consider carefully, if the money he wants to use to purchase the bitcoin with me is not illegal, he will be able to purchase it elsewhere on any exchange, and I will undoubtedly have suspicions about the buyer. Regarding the land that the buyer feels is essential and is willing to pay twice the land's value, I will sell it since I don't know when I will have another opportunity like this one with such a large profit. I can still use the remaining money to buy more land if I sell the land and spend half of the proceeds on something significant.

I'm wondering why isn't anyone using logic before coming with such crazy ideas!
Blackrock is not after satoshi number 349873311 and satoshi 28362731 they will buy from the guy that offers the best price, as long as the owners of 20999998 bitcoins will offer a price better than your coin Black rock will not give you one penny extra.

Who cares about estimate value here?
I could say my car will be worth 2 millions in 2200, but if my neighbor sales the same model with same mileage for $15000 that's what is worth now.


And the moment you end up with a megamall or a 300m tall tower right next to you with traffic that you cant even get out of your garage, noise from 6AM to 22PM and because of the new position nobody interested in your property and see it dwindle to 10% of the value and impossible to live in you're going to kick yourself in the balls forever!
I know a guy that didn't want to sell his land for a block of flats but his neighbors did so and now there are 22 levels tower there and the new building code allows him to build only one level high now, so who's going to pay for a house which is 10 meters away from  60 meters tall tower and 5 meters away from double line road full of traffic?

   How did you think of such a thing? And besides, that's just an example. You just thought that, meaning such things rarely happen in real human life, right?

  The only thing I know about such situations is from the movies I've watched, but I never thought it would happen in real life. Has anything like that ever happened in real life? Do you know of a source link similar to that story?

Let me answer this way;
If I bought a land in an island and built on the land just because of the river. Maybe I like seeing river every morning that I wake. If you come to buy the house with so much money, I will only sell if there is availability island elsewhere, to build. But, if that my house location happens to be the last island, I will not sell the land and house.

Relate same to bitcoin. If BlackRock wants to buy my bitcoin at $100k, I will only sell if there is a means to rebuy bitcoin whenever I want, otherwise I am not selling.

The above scenario is for a rich man. A man who is not rich, who manages to buy a land of $2k and suddenly sees a buyer with $20k, he will quickly sell without much thoughts.

Well, in either case, it really just depends on if you're willing to take a gamble or play it safe.  I mean, if your money situation's pretty solid right now you could probably just chill with the Bitcoin you already got.  Who knows - their values might keep going up over time and you'll make out even better down the road.   

But say you really needed the cash this surprise buyer's offering. and  That'd change things.  Like, if selling could help get you out of a tight spot or let you check some big goal off your list, then you gotta think about it more seriously. 

Me personally? I'd take a hard look at what they're bringing to the table and weigh it against what I'm trying to do money-wise.  Whether it's a real estate flipper or crypto whale, the question's still the same - am I better off sticking with what I have or cashing out for whatever they're paying? At the end of the day it depends what risks you're cool with taking versus potential reward.

I don't want to miss the opportunity so I will sell it immediately even though they offer a very high price compared to its real value. $2 million is a huge amount of money, four times the estimated value of my assets. With that money I can buy a decent amount of bitcoin and some other altcoins that I am researching. If I refuse the offer, I might regret it later when I learn that I missed out on a chance to earn a large amount of money. This is nothing less than a life-changing opportunity before the upcoming season. The important thing is that no one offered me such an attractive offer

They offer $100K or $1M when the current Bitcoin price is $38K? I will sell it because I can still buy Bitcoin from the other seller which sell $38K isn't?

Actually my first question is how can they know "my contact" when they see funded addresses in explorer, Bitcoin is pseudonymous except I link the address with my identity. So your question is unrealistic, Blackrock can't give a threat, sanction, or find the person when they doesn't know where the person live.

why not? by selling the bitcoins i hold at the high price they offer, i might be able to open up many opportunities that might give me more money. isn't this the purpose of investing, right? to make a profit from the assets you hold and when an opportunity like this comes knocking on my door why should i refuse it. and i think if you ask other bitcoin holders maybe they will also have the same thoughts as me.

If it were me, I would refuse to sell this property right now, even though they offered a very high price compared to its real value.

Firstly, I don't want to sell this property right now because I am living comfortably and satisfied with it. I love my house, I like the neighborhood, and I have no plans to move anywhere.

Second, I doubt the buyer knows anything that I don't. Maybe there's a valuable natural resource lying under my land, or maybe a company plans to build a facility nearby and needs my land. If I were to sell this property, I would probably be Hatred after learning the real reason behind the buyer's offer.

Third, I don't want to be forced to sell my property. If I agreed to sell for $2 million, I would feel like I was being ripped off. I would not feel comfortable knowing that I could have sold my property for a much higher price.

Of course, I may still consider selling this property in the future, but only if I have enough information and am sure that it is the right decision. If I still do not want to sell after learning more about the offer, I will decline.

Most of people buy highs, sell lows and only the minority of market participants buy lows, sell highs because successful investors or traders are less than failed ones.

It's explained because most of people started to actually pay attention the market, spend money when it is hot enough and price already rose a lot to give high and attractive enough ROI. Then they feel convincing enough to join the market, and stuck there with a bear market. In a bear market, with a lot of bad news, they will turn to be uncertain and panic to sell their coins at lower prices than where they bought and entered the market.

Bitcoin's inherent value isnt hidden like an oil deposit; its transparent in its design and potential. If someone offers $100,000 for Bitcoin, they may think that its value will go up, but that doesnt mean they know something secret. They are betting on how the market will see things in the future. We need to be smart, not just about valuing things but also about how markets work. Yes, sudden, big investments could drive up the price of Bitcoin because there arent many of them. But its not just supply and demand. Its about having faith in Bitcoin's future as a decentralized asset that cant be controlled by standard markets. If you are given a high price, you should ask why. They dont just want to know more; they want to understand how Bitcoin's role in the financial world is changing. They may see promise that you havent seen, or they may just be guessing. Knowing the difference is a sign of wisdom.

I will let it go at the right price, because I can use that money to pay off debt and also to invest it to get passive income to secure my future. I always had a 80/20 split in all my Bitcoin investments... 80% of all the bitcoins I bought went to hoarding... and 20% was spend on daily expenses.

So, if I sell the coins I hoarded... I can then use the passive income from the proceeds of the investments to buy more coins. Yes, I would be starting at the bottom again, but I will tick a box to be able to have a passive income that will sustain me. 

I do not expect that you will find a single answer to this question, because the answer to this question varies depending on the nature of people. Some of them will sell immediately because they think the price is high or that it is suitable for them, while others will hold on to Bitcoin more and wait for the price to rise more and more.

For me, I set a clear target for the price of Bitcoin. If the price reaches the target, I will sell and I will not be greedy because it may fall later and I will regret missing the opportunity. However, if I think the price may rise more, I will sell half the quantity and hold the other half.

I maybe more realistic and provably would able to sell if they want to ask more higher at the market price since that $1m still a speculation so would decide to sell at the price they offer and then just wait for another dip to buy new BTC to hodl. We know its impossible for bitcoin to go up since there's should be a correction that provably will happen and also for sure that Blackrock itself will sell if they see something good figures to sell and take some profit. But if you can't sell it at what they offer as you believe much on bitcoin future then its really fine.

But for sure majority will play on its current condition and will think about those corrections that might possibly occur since this is what bitcoin nature so its still good to ride with its flow to earn more.

You may have to look the chart first whether $100k is the ATH or not, then you decide you can sell or not. If its the ATH base on the chart, then yes sell it. Wait until the  market couldn't already sustain the the sell pressure because ultimately the more sellers will come to dump.

To me even if its not the ATH as long as its almost right up there, I may even sell. But you may really have to look at the chart because they are saying that the ATH may hit $200K. After a period of time, you can buy back and maybe your 1BTC will turn 3BTC.

Your scenario and the example you used has only one possible answer: YES.
It's pretty simple, if someone offers you $100k for each bitcoin that you own, you should sell them your bitcoin without hesitation because unlike the house in your example you can buy the same exact bitcoins again with the money you just got!

You see, bitcoin supply is limited but the there is enough liquidity in the market that can not prevent you from making that trade.

A better question would have been whether people were willing to buy the Blockrock nonsense instead of buying bitcoin directly in first place. The answer to that is unfortunate because a lot of people are still preferring the custodial and centralized option rather than the decentralized and correct way of acquiring bitcoin.

The one who determines the value is you, which varies according to your circumstances. In the end, there is a price that will be fair for you for Bitcoin. If we say to someone, “I will give you $200,000 for Bitcoin,” it is a profitable deal, but it may be foolish after 50 years. The same is true. About 10 years ago, the price of $2,000 for Bitcoin was exaggerated. But today it is stupid to sell Bitcoin for that amount, so as long as you see that the price of Bitcoin is fair, sell.

I ain't selling them shit. Not my house, not my car, not my cat and definitely not my crypto. They can have this " " if they like. Nothing. I may sell my assets to somebody when the time is right but I decide that, no them. When they come up with a number for your asset, it already means they are going to rip you off. Like you said, it means the asset is worth way more than the price they offer. If you were going to sell this asset anyway, then raise the price and don't let it go cheap. If they don't buy, that's their decision. Tell them to gfy.

Although your example is not completely accurate when comparing real estate with bitcoin because the value of real estate depends on many different factors such as geographical location...That's why real estate prices are not the same. Meanwhile, you can buy bitcoin on any exchange. Buying bitcoin has never been difficult, why would someone be willing to pay a higher price to buy your bitcoin when they can buy it on exchanges at the real price?
Furthermore, bitcoin is also an investment, so as long as you are profitable and satisfied with it then you should sell it, there is nothing wrong with us selling bitcoin to make profit. Bitcoin is a financial market, buying and selling is also a way to make profits, not just holding for profit.

the main question is... how do you know who is bidding. Perhaps it is blackrock or perhaps it is a group of small investors excited about ETFs because the media has been promoting it for years? In the allegory to home you described in your post. How do you know that the person who offers you these $2 million for your house knows more than you while he might be a weak-minded person manipulated by media propaganda, that the plot of land on which you have your house is the best in the world?
What do you think is the case now? is bitcoin now quiet, no one is talking about ETF and we are dealing with "someone knows better", or maybe everyone knows perfectly well that bitcoin ETF is about to be accepted in next month of two and  media is exaggerating it to the limit to push small investors to buy?
Back to blackrock. they don't need an ETF to invest in bitcoin. They need bitcoin ETF to earn a fees from people who will buy their ETFs. Blackrock doesn't care whether they make money or lose money. They earn fees, so launching an ETF at $60,000, at the top of the local bull market, when retail is eager to buy, just before the correction to $30,000 is an ideal scenario for them.

Your analogy has a huge flaw. Bitcoin is fungible, houses are not. Like you pointed out, there can be reasons why a house could be worth many times more than the house next door. But bitcoins are worth the same as any other bitcoin, if you ignore that ordinals nonsense.

There is no way anyone will offer to buy coins for higher than the market prices. They will just go on the market and buy as much as they want there.

And I will say some portion of my coins if the price will rise high enough. I will always hold some Bitcoin in my portfolio, but I don't plan for it to be the largest share of my portfolio - that's an unnecessary risk that in my book is not worth the potential outcomes.

With current market conditions? I'll be realistic, I would sell it if I could possibly buy it back somewhere else. I think this will also be done by average holders without thinking hard.
OP's question actually also tests how greedy the answers will be.

Bitcoin will always have two cycles and we all seem to agree that the price will not forever be higher and higher. Imagine if today you sold it at $100K and you could buy 2x as much in 2 or 3 years later at a lower price - isn't that a possibility we shouldn't ignore?

Let me just remind you one thing - bitcoin is a very volatile asset and its price can move in any direction. ETFs won't be able to keep prices high forever without a correction - that's simply impossible to expect. The price could drop at any time for any reason - so I would be less afraid to part with bitcoin if I had found a clear target for returns that was in my favor.

Everything for a price. At this point I stopped picking sides and which is which already. I might as well just do whatever I can in my power to make sure that the industry I am in is alive and kicking, and that of course, I’m making money in the process. Sometimes that involves inviting the “enemy” into your house and letting them kick. Their feet up comfortably.

I think people shouldn’t be so detested by the idea of a new player from the outside market involving themselves in bitcoin and cryptocurrencies. That’s part of our growth and development as a technology and economy and so we must embrace it wholly, and take the good with the bad sometimes.

You raise a reasonable point - but it's not so straightforward.  We can't assume some anonymous buyer is willing to pay $100k for bitcoin based on realistic valuation.  For all we know, they're just gambling that prices keep ascending irrespective of fundamentals.  And if their speculative bet proves wrong, then what? The market could come crashing down.  So Id be cautious about selling to them at such lofty sums without deeper insight into their rationale and risk tolerance and  at these dizzying heights, bitcoin feels more unpredictable than ever.

Receiving this type of offer will make me think for a while whether to agree to that price or not. Some opportunities come once but again what if I don’t sell now and I don’t get or expect this type of offer again, I will just quickly sell it and make use of the profit. If he’s paying me a money that is two times bigger than the worth of bitcoin he needs from me, I will sell it, buy that same quantity and then use the profit for something else. But why will someone even offer to pay you a big amount that what you want to sell is not worth, bitcoin does not fit into this example but maybe a piece of land.

OP, your question and example are not great.
Afaik in most countries oil or other resources from under your property actually belong to the state, not to you.
Plus, nobody will give you twice the market price for bitcoin, they will just buy what is available.

Even more, it's cheaper to seed some panic and make some sell than buying at double the price.

This requires a rational thinking, you have to think more than twice lol 

If I sell at the price of $100k/or$1 million to them can I still buy another one with that $100k/or$1 million ? If yes then I will sell to them and immediately buy  another. But if No then won't sell because surely nobody buys any thing to loss it always for profit reasons hence for that same reason wouldn't sell.

Imagine a situation where you own a house and a piece of land it's built on. You estimated the value of the whole thing to be $500k. One day someone knocks on your door and offers you $2m all of a sudden. Will you sell or suspect they know more than you? Maybe there's an oil deposit underneath your house? Maybe there's geothermal energy source? Maybe an international company has plans to build a facility nearby and will need your land for whatever price?

I'm asking this because if the funds get approved all at once there will be a large pressure on bitcoin's price and supply is, as we all know, limited.
Nobody buys bitcoin to sell it cheaper, so if they offer you $100k, they think it will go higher. If they offer $1m it's again going to go higher according to them.
Will you simply give it away once someone hands you $100k, or decide that it's cheap and they know more than they're willing to share?