Do you think Institutions secretly HODL Bitcoin?

[daarul50]

I'm not sure. But, if we see it from its own technology, bitcoin has been talked about a lot by various companies and chances are they have collected bitcoin secretly to be used in the future when bitcoin really has been used freely throughout the world.

[Lucius]

It was not a politician

It was some random Russian economist saying something to that tune and then many Western media outlets were quick to pick up the "news". I don't know about Putin considering buying a few bitcoins now and then, but if this "plan" was actually enacted even for 1/100th of the amount rumored, prices would have already skyrocketed. In fact, I'm quite surprised that many distinguished and high-merited posters here seem to actually believe in this rumor. By that I don't mean idle theorizing and talks, of course, but rather taking this nonsense seriously

I never believed that the news was accurate, and I never even comment such news. It is unlikely that a government would announced such news and thus actually working against of their own interests to buy cheap. In fact crypto market is show no reaction on such news clearly showing what is thinking about the truthfulness of such news.

I do not know if Putin buying some BTC for himself, but it is not unrealistic that Russia is buying some coins same as some other countries. But if they doing that it is not something we can read in news, there are ways to do this in secret and without major market distortions.

[Crypdon]

Institutions have purchased bitcoin either for speculative gains or for protection against randomware attacks. Some data is simply too valuable to lose at any cost. Although now they should get monero as well just in case

[cellard]

There are rumors of some russian politician saying that Putin is considering buying Bitcoin reserves. I believe this has been happening for years now. While they FUD the are buying OTC bigly. Approving Futures was a way to manipulate the price downwards and keep the price down. Once they've shrunk the OTC market, they will pump it to ATH, and keep repeating the cycle as they accumulate. They understand they cannot kill Bitcoin, only become bigger players

It was not a politician

It was some random Russian economist saying something to that tune and then many Western media outlets were quick to pick up the "news". I don't know about Putin considering buying a few bitcoins now and then, but if this "plan" was actually enacted even for 1/100th of the amount rumored, prices would have already skyrocketed. In fact, I'm quite surprised that many distinguished and high-merited posters here seem to actually believe in this rumor. By that I don't mean idle talks and empty theorizing, of course, but rather taking this nonsense seriously

I didn't say I believed anything, I said there were some rumors. In any case they would buy OTC so it wouldn't have a direct impact on the market anyway. Of course they wouldn't go balls deep OTC, just small accumulation over time, otherwise they would dry the OTC market. Intelligence agencies aren't stupid, Bitcoin is on their radar.

[deisik]

There are rumors of some russian politician saying that Putin is considering buying Bitcoin reserves. I believe this has been happening for years now. While they FUD the are buying OTC bigly. Approving Futures was a way to manipulate the price downwards and keep the price down. Once they've shrunk the OTC market, they will pump it to ATH, and keep repeating the cycle as they accumulate. They understand they cannot kill Bitcoin, only become bigger players

It was not a politician

It was some random Russian economist saying something to that tune and then many Western media outlets were quick to pick up the "news". I don't know about Putin considering buying a few bitcoins now and then, but if this "plan" was actually enacted even for 1/100th of the amount rumored, prices would have already skyrocketed. In fact, I'm quite surprised that many distinguished and high-merited posters here seem to actually believe in this rumor. By that I don't mean idle talks and empty theorizing, of course, but rather taking this nonsense seriously

I didn't say I believed anything, I said there were some rumors. In any case they would buy OTC so it wouldn't have a direct impact on the market anyway. Of course they wouldn't go balls deep OTC, just small accumulation over time, otherwise they would dry the OTC market. Intelligence agencies aren't stupid, Bitcoin is on their radar

Uh, so what's the meaning then?

You basically say that there is some dude saying about Putin considering buying Bitcoin reserves and you believe that has been happening for years now. Now you say that you don't believe anything, okay then. So how am I to interpret your words really? You still believe or has already disbelieved that? And what did you believe precisely? It looks like you mean that Putin has been considering buying bitcoins, which is a strange thing to believe in (that was my point)

Anyway, how much can you buy OTC? Obviously, not much and that makes the whole business pretty much pointless. Apart from that, there would be a lot of noise if a lot of coins started moving around, which doesn't seem the case either

[cellard]

There are rumors of some russian politician saying that Putin is considering buying Bitcoin reserves. I believe this has been happening for years now. While they FUD the are buying OTC bigly. Approving Futures was a way to manipulate the price downwards and keep the price down. Once they've shrunk the OTC market, they will pump it to ATH, and keep repeating the cycle as they accumulate. They understand they cannot kill Bitcoin, only become bigger players

It was not a politician

It was some random Russian economist saying something to that tune and then many Western media outlets were quick to pick up the "news". I don't know about Putin considering buying a few bitcoins now and then, but if this "plan" was actually enacted even for 1/100th of the amount rumored, prices would have already skyrocketed. In fact, I'm quite surprised that many distinguished and high-merited posters here seem to actually believe in this rumor. By that I don't mean idle talks and empty theorizing, of course, but rather taking this nonsense seriously

I didn't say I believed anything, I said there were some rumors. In any case they would buy OTC so it wouldn't have a direct impact on the market anyway. Of course they wouldn't go balls deep OTC, just small accumulation over time, otherwise they would dry the OTC market. Intelligence agencies aren't stupid, Bitcoin is on their radar

Uh, so what's the meaning then?

You basically say that there is some dude saying about Putin considering buying Bitcoin reserves and you believe that has been happening for years now. Now you say that you don't believe anything, okay then. So how am I to interpret your words really? You still believe or has already disbelieved that? And what did you believe precisely? It looks like you mean that Putin has been considering buying bitcoins, which is a strange thing to believe in (that was my point)

Anyway, how much can you buy OTC? Obviously, not much and that makes the whole business pretty much pointless. Apart from that, there would be a lot of noise if a lot of coins started moving around, which doesn't seem the case either

By "I believe this has been happening for years now" I meant institutions as a whole, not exactly the Putin case which is just the rumor I cited. I believe institutions and triple letter agencies own stacks of Bitcoin even if to experiment with it and know how utxo's work and whatnot. They need to own and move around Bitcoin and understand the wallets if they want to do chain analysis. Then there's the whole reserve asset part which I believe they are intelligent enough to know that it's worth holding some.

I don't know how liquid the OTC market is. There's art that sells for billions, so they could exchange some of that for BTC, there's many ways to go about it OTC and nothing is registered, the guys at the top of the pyramid don't play by the rules.

[Capt00]

I would never be surprised if Institutions HODL big amount of Bitcoins. As a wise man once said, "If you can't ruin/break it, then control it". Well, If institutions will not at least manipulate and HODL Bitcoins it would cost them much as well.
We can see that Bitcoin is a threat to a lot of business industries worldwide and every institution are alarmed about this.  I think they are probably HODLS a big amount and bitcoin to control it at least.

[shoreno]

I would never be surprised if Institutions HODL big amount of Bitcoins. As a wise man once said, "If you can't ruin/break it, then control it". Well, If institutions will not at least manipulate and HODL Bitcoins it would cost them much as well.
We can see that Bitcoin is a threat to a lot of business industries worldwide and every institution are alarmed about this.  I think they are probably HODLS a big amount and bitcoin to control it at least.

As a wise man once said, "If you can't ruin/break it, then control it"

that quote is the same as  " if you cant beat them  , joined them "  . we all know that there are some institutions who hate bitcoin too much  .  since they they know that they cannot win thier battle against us because bitcoin lovers are more compared to haters  . they then decided to buy and join the party .

Well, If institutions will not at least manipulate and HODL Bitcoins it would cost them much as well.

how ?  i mean i dont think so  .  if they wont buy bitcoin , the value can drop more . that simply means that can afford them easily .

We can see that Bitcoin is a threat to a lot of business industries worldwide

this is not true but this is most of the people think including those institutions  .

[andriarto]

I would never be surprised if Institutions HODL big amount of Bitcoins. As a wise man once said, "If you can't ruin/break it, then control it". Well, If institutions will not at least manipulate and HODL Bitcoins it would cost them much as well.
We can see that Bitcoin is a threat to a lot of business industries worldwide and every institution are alarmed about this.  I think they are probably HODLS a big amount and bitcoin to control it at least.

with its decentralization, where demand and supply have the most influence on price movements, it is very possible for large companies to take a role by holding large amounts of bitcoin, and I agree with your thoughts, it is done so that it can control the movement of bitcoin. so as not to be toyed with by other people

[deisik]

You basically say that there is some dude saying about Putin considering buying Bitcoin reserves and you believe that has been happening for years now. Now you say that you don't believe anything, okay then. So how am I to interpret your words really? You still believe or has already disbelieved that? And what did you believe precisely? It looks like you mean that Putin has been considering buying bitcoins, which is a strange thing to believe in (that was my point)

Anyway, how much can you buy OTC? Obviously, not much and that makes the whole business pretty much pointless. Apart from that, there would be a lot of noise if a lot of coins started moving around, which doesn't seem the case either

By "I believe this has been happening for years now" I meant institutions as a whole, not exactly the Putin case which is just the rumor I cited. I believe institutions and triple letter agencies own stacks of Bitcoin even if to experiment with it and know how utxo's work and whatnot. They need to own and move around Bitcoin and understand the wallets if they want to do chain analysis. Then there's the whole reserve asset part which I believe they are intelligent enough to know that it's worth holding some

I'm not sure if that would count as "use"

For example, if you are a nation state and have a few frenemies out there, you would be interested in obtaining their weapons to study them and develop defenses against them. On the other hand, if you are of those frenemies, you would do anything to prevent that from happening, and consider it as a bad thing overall if that actually happens. Personally, I have no doubt that the alphabet agencies you refer to have enough bitcoins, but we'd be better off if they didn't. Obviously, that has nothing to do with businesses investing in Bitcoin and Putin allegedly thinking about buying a stash of bitcoins

I don't know how liquid the OTC market is. There's art that sells for billions, so they could exchange some of that for BTC, there's many ways to go about it OTC and nothing is registered, the guys at the top of the pyramid don't play by the rules

Blockchain "rules" are not the ones they can easily break

[ToyotaFortuner]

some companies still store their assets in bitcoin they still have the belief that this bitcoin can be very expensive and can be very rare because the total supply of bitcoin is very limited will make the price of bitcoin can be very expensive someday.

[deisik]

I would never be surprised if Institutions HODL big amount of Bitcoins. As a wise man once said, "If you can't ruin/break it, then control it". Well, If institutions will not at least manipulate and HODL Bitcoins it would cost them much as well.
We can see that Bitcoin is a threat to a lot of business industries worldwide and every institution are alarmed about this.  I think they are probably HODLS a big amount and bitcoin to control it at least.

To me, that makes no sense

If you disagree and you think it does make sense, then you are welcome to explain how holding a big stash of bitcoins can help you control it. Further, you likely also need to explain how Bitcoin is "a threat to a lot of business industries worldwide". It is only a payment tool as well as a competitor to fiat, and while it may in fact pose a threat to a government monopoly on money printing, I don't really see how it can be a threat to real businesses apart from the banking industry. And even in the case of banks, things are not all black and white here

[RokokGudangGaram]

I would never be surprised if Institutions HODL big amount of Bitcoins. As a wise man once said, "If you can't ruin/break it, then control it". Well, If institutions will not at least manipulate and HODL Bitcoins it would cost them much as well.
We can see that Bitcoin is a threat to a lot of business industries worldwide and every institution are alarmed about this.  I think they are probably HODLS a big amount and bitcoin to control it at least.

As a wise man once said, "If you can't ruin/break it, then control it"

that quote is the same as  " if you cant beat them  , joined them "  . we all know that there are some institutions who hate bitcoin too much  .  since they they know that they cannot win thier battle against us because bitcoin lovers are more compared to haters  . they then decided to buy and join the party .

Well, If institutions will not at least manipulate and HODL Bitcoins it would cost them much as well.

how ?  i mean i dont think so  .  if they wont buy bitcoin , the value can drop more . that simply means that can afford them easily .

We can see that Bitcoin is a threat to a lot of business industries worldwide

this is not true but this is most of the people think including those institutions  .

it's true that the problem with the existence of bitcoin is that we can make investments that offer benefits. therefore most banks and large investment companies are less fond of bitcoin

[ShadowBits]

have you ever asked if some companies are seriously investing in Cryptos and still not talking about it?
They way crypto platform for Institutional client is been developed by the day is become an eye opener that there is serious interest
by companies but I guess anonymity is prefered

Huobi Launches a trading platform for institution https://bitcoinexchangeguide.com/huobi-crypto-exchange-to-launch-institutional-trading-to-a-limited-group/

So do you think companies like NASDAQ is good for the market https://www.bloomberg.com/news/articles/2018-11-27/nasdaq-is-said-to-pursue-bitcoin-futures-despite-plunging-prices

SO do you think Bitcoin will be the future all sometimes fade away?

Huobi MENA: www.huobimena.com
telegram: https://t.me/HBMENA

It is obvious that they do, even the Winklevos twins do also hold a lot of Bitcoin because they know that it will go up drastically someday.

[cellard]

I would never be surprised if Institutions HODL big amount of Bitcoins. As a wise man once said, "If you can't ruin/break it, then control it". Well, If institutions will not at least manipulate and HODL Bitcoins it would cost them much as well.
We can see that Bitcoin is a threat to a lot of business industries worldwide and every institution are alarmed about this.  I think they are probably HODLS a big amount and bitcoin to control it at least.

To me, that makes no sense

If you disagree and you think it does make sense, then you are welcome to explain how holding a big stash of bitcoins can help you control it. Further, you likely also need to explain how Bitcoin is "a threat to a lot of business industries worldwide". It is only a payment tool as well as a competitor to fiat, and while it may in fact pose a threat to a government monopoly on money printing, I don't really see how it can be a threat to real businesses apart from the banking industry. And even in the case of banks, things are not all black and white here

Well, a way to inflict some control on Bitcoin is by holding massive amounts, so when a fork happens, you can dump into whatever end of the split you aren't supporting, forcing miners to point their hashrate to whatever you are supporting and scaring them away from whatever you are dumping upon. So whales play a role in these fork-war situations. And Bitcoin is like land, it's limited in amount, there's only 21 million spots you can claim, no more, so if they want to outmatch the current whales, they need to hold more than them, and they can only do that by buying thus raising the price, and also hoping that whales capitulate when they manipulate the price down with Futures and other fiat derivatives.

[kaisa]

I think that investment by institutions is only temporary, even if they cooperate with certain exchanges, the deposit they make is not based on bitcoin but a stable coin or other. I think they are not sure enough to hold bitcoin for a long time because their investment money must go. It is rational thinking that bitcoin holders are people who do not work in institutions.

[befriendmywater]

have you ever asked if some companies are seriously investing in Cryptos and still not talking about it?
They way crypto platform for Institutional client is been developed by the day is become an eye opener that there is serious interest
by companies but I guess anonymity is prefered

Huobi Launches a trading platform for institution https://bitcoinexchangeguide.com/huobi-crypto-exchange-to-launch-institutional-trading-to-a-limited-group/

So do you think companies like NASDAQ is good for the market https://www.bloomberg.com/news/articles/2018-11-27/nasdaq-is-said-to-pursue-bitcoin-futures-despite-plunging-prices

SO do you think Bitcoin will be the future all sometimes fade away?

Huobi MENA: www.huobimena.com
telegram: https://t.me/HBMENA

I like your theme. Because I always believe that the crypto market is always controlled by some organizations and they have set up all plans. they just go that way and they will be rich forever.
Operators are very powerful people in the crypto market and they make money from mistakes in our transactions.
they will soon pump the prices of altcoins to let us buy more. so you should not worry too much about the future of crypto, it will last forever.

[Aponkye1]

Absolutely, even though this year seems to be a very harsh market for the crypto space this is also the year that so many people and institutions have accumulated bitcoins. the reason why we don't see it affect the price is because most of these people buy from OTCs.

[deisik]

I would never be surprised if Institutions HODL big amount of Bitcoins. As a wise man once said, "If you can't ruin/break it, then control it". Well, If institutions will not at least manipulate and HODL Bitcoins it would cost them much as well.
We can see that Bitcoin is a threat to a lot of business industries worldwide and every institution are alarmed about this.  I think they are probably HODLS a big amount and bitcoin to control it at least.

To me, that makes no sense

If you disagree and you think it does make sense, then you are welcome to explain how holding a big stash of bitcoins can help you control it. Further, you likely also need to explain how Bitcoin is "a threat to a lot of business industries worldwide". It is only a payment tool as well as a competitor to fiat, and while it may in fact pose a threat to a government monopoly on money printing, I don't really see how it can be a threat to real businesses apart from the banking industry. And even in the case of banks, things are not all black and white here

Well, a way to inflict some control on Bitcoin is by holding massive amounts, so when a fork happens, you can dump into whatever end of the split you aren't supporting, forcing miners to point their hashrate to whatever you are supporting and scaring them away from whatever you are dumping upon. So whales play a role in these fork-war situations. And Bitcoin is like land, it's limited in amount, there's only 21 million spots you can claim, no more, so if they want to outmatch the current whales, they need to hold more than them, and they can only do that by buying thus raising the price, and also hoping that whales capitulate when they manipulate the price down with Futures and other fiat derivatives

Well, now you add a new variable to the equation, i.e. a fork

Okay, you create a fork and dump whatever coins you are not quite happy with. And how's that different from just dumping your huge stash of coins making miners switch to mining something else, i.e. some other coin? Yes, that would likely crash the price depending on how many coins you actually have and probably even destroy it in the end if your stash is big enough

But does it make any sense if you have to buy up all these coins in the first place? Killing that coin would mean losing your investment, so you'd be basically shooting yourself in the foot. In simple terms, it doesn't look like control at all

[goaldigger]

have you ever asked if some companies are seriously investing in Cryptos and still not talking about it?
They way crypto platform for Institutional client is been developed by the day is become an eye opener that there is serious interest
by companies but I guess anonymity is prefered

Huobi Launches a trading platform for institution https://bitcoinexchangeguide.com/huobi-crypto-exchange-to-launch-institutional-trading-to-a-limited-group/

So do you think companies like NASDAQ is good for the market https://www.bloomberg.com/news/articles/2018-11-27/nasdaq-is-said-to-pursue-bitcoin-futures-despite-plunging-prices

SO do you think Bitcoin will be the future all sometimes fade away?

Huobi MENA: www.huobimena.com
telegram: https://t.me/HBMENA

Theres a greater possibility that even small companies buy bitcoin secretly. Its a part of the company's investment fund though. Im aware that rich people definitely those people who owns company knows about cryptocurrency and im sure they are investing on it secretly.