MCobian
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September 18, 2020, 08:54:30 PM |
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Every big company has a financial advisor, surely big companies decide to invest in Bitcoin for a reason. It is impossible for big companies to make decisions without careful calculation and consideration. Those who are starting to be interested in Bitcoin will definitely see Bitcoin's performance is quite good compared to investing in stocks, because investing in stocks that are affected by the current pandemic situation. This is very good news for the crypto community with big companies starting to invest in Bitcoin, hopefully this can increase the trust of many people. And there could be mass adoption of Bitcoin as expected.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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DeathAngel
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#1 VIP Crypto Casino
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September 18, 2020, 09:11:55 PM |
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Check this out, Twitter CEO might be diversifying company stocks into bitcoin to save them from losing money due to the covid effects on the world markets.
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int03h
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September 19, 2020, 12:47:17 AM |
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With the development of the financial system, banks are slowly catching up with the market and transferring their assets to bitcoin. They may have done that many times before. Look at Venezuela, look at Ethiopia or Thailand, these are the countries that devalued their national currencies. The business goes bankrupt for one night or weeks. That is terrible, even countries are diversifying their foreign currency reserves. In the future, it's not just businesses that will hoard bitcoins, and maybe a few countries will turn to bitcoin. Bitcoin is highly liquid and influential and liquid globally.
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Daniel91 (OP)
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September 19, 2020, 09:35:31 AM Last edit: September 19, 2020, 11:28:48 AM by Daniel91 |
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Every big company has a financial advisor, surely big companies decide to invest in Bitcoin for a reason. It is impossible for big companies to make decisions without careful calculation and consideration. Those who are starting to be interested in Bitcoin will definitely see Bitcoin's performance is quite good compared to investing in stocks, because investing in stocks that are affected by the current pandemic situation. This is very good news for the crypto community with big companies starting to invest in Bitcoin, hopefully this can increase the trust of many people. And there could be mass adoption of Bitcoin as expected.
Certainly this decision was not made without careful analysis and study of the market. Here I will translate 1 more part of the article below which may better explain the reasons for this decision and the whole process. https://crobitcoin.com/unicorn-kompanije-kupila-bitcoin-za-425m-dolara/?utm_source=email&utm_medium=newsletter&utm_campaign=newsMichael Saylor, CEO of MicroStrategy, has not always been a fan of Bitcoin. Back in 2013, he tweeted: "Bitcoin's days are numbered. It seems like it's only a matter of time before they experience the same fate as online gambling. ” Saylor admitted to reading numerous books and articles about Bitcoin and blockchain. When he realized "what this is about", he admitted that he was wrong. The COVID-19 crisis only further convinced him of the usefulness of Bitcoin and he is currently preaching about his discovery in the company. He gave all the managers homework as everyone was in line with the new company policy. He said Bitcoin was a much safer investment and that he felt like he was sitting on a $ 500 million melting iceberg. This is how he wants to secure an investment for more than 100 years. Very interesting change of opinion, what do you think? EDIT: I also stumbled upon a very detailed interview from the CEO of MicroStrategy, it's very interesting: https://www.coindesk.com/microstrategy-michael-saylor-never-sell-bitcoin
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DatKing
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September 19, 2020, 02:27:00 PM |
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In my opinion, big companies have started to do the right thing. Because Bitcoin is safer asset than fiat I think. Bitcoin won't be affected by everything that fiat money is affected by. For this reason, I love Bitcoin more than fiat. Besides, if we compare them on profitability, Bitcoin is more profitable than fiat in the long run.
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yulchatar
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September 19, 2020, 06:38:47 PM |
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Even abrupt changes in the Bitcoin's exchange rate aren't a hindrance to the growing popularity of this cryptocurrency among large investors. This may indicate that they see the potential of the cryptocurrency sphere, and Bitcoin in particular. Investors wouldn't risk such amounts if they doubted the further rise in the value of bitcoin. However, it should be understood that these investments are long-term and are not calculated for one year of waiting.
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GeorgeJohn
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September 19, 2020, 09:44:25 PM |
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While companies are interested investing in cryptoccurrency especially bitcoin, is because companies is interested to secured their finance in order to not to get lost in terms of currency lost of values,and also while companies adventure into cryptoccurrency especially bitcoin is in order to make interest like banks who adventures into crypto trading in order to make profit.
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Daniel91 (OP)
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September 20, 2020, 09:07:48 AM |
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In fact, this is not a company from my country, but an article on a bitcoin portal in my country that talks about that company Anyway, I agree with you and I also expect this to become a trend that other big companies will follow.
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BlackHatCoiner
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Farewell, Leo
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September 20, 2020, 09:21:34 AM |
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Good move, but a little risky. First of all they'll have to keep safe those bitcoins no matter what. They are responsible for holding them. If they had $500 million in banks, they didn't have to be that safe, because the banks would be responsible. But now they do, one mistake and they may lose them all. I'm writing this, because if I'm not mistaken, they'll have to move some of those thousands bitcoins frequently, otherwise why did they buy them? Just for safe heaven? Even the safe heaven must be moved someday.
Secondly and most important, the price. If they had bought couple weeks ago, they would save a lot of money. Actually millions of dollars. I see big companies like that, choosing bitcoin as an asset, but do they know when to buy? Have they made their studies?
P.S, are the $500M the reason why the bitcoin's price pumped a little?
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CoinChili
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September 20, 2020, 11:01:07 AM |
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They are saying safe asset because there is an option to hold when the price dumped. Big companies are entering the mainstream and the hype is still there. Even other popular companiea are adopting bitcoin. Also, they are truly amazed with bitcoin's being a store value that is why they are now investing into this kind of cryptocurrency investment.
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pawanjain
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September 20, 2020, 01:00:02 PM |
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Whether Bitcoin is a safe haven asset or not has been a debate since a long time and it truly doesn't matter because people who truly believes in bitcoin would still invest in it anyway. The Institutional investors have already invested in bitcoin in the ICO hype in 2017 and have left the rally. They will only invest in it when the next hype comes pumping bitcoin. They are just in it for the money and not because of the tech. If/when bitcoin truly succeeds only then will people realize it's true potential and join the bitcoin rally. Us being the early investors will reap the benefit out of bitcoin at that time. So invest in it only if you truly believe in it.
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Bitcoinenthusiasts23
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September 20, 2020, 07:03:16 PM |
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Yeah, a couple more institutions jumping in will make it harder for a whale or a group of whales to influence the price. The greater the market cap, hopefully the less violatile bitcoin will be and we'll have solved the basic problem the token has.
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