Bitcoin Holding in Companies

[passwordnow]

I imagine if there are many Bitcoin holding companies I think it is very dangerous, because price manipulation might happen easily,
to be honest I think this, I prefer if Bitcoin is held in the staking feature,
if Bitcoin has a feature like this it will be even more very nice.

It is not dangerous if many companies would start holding bitcoin. Don't you worry about manipulation or monopolizing. What's more worrying is the controlled percentage of mining power for a specific country or area. Staking can be done through companies with their interest offers.
You deposit on their exchange and receive percentage given the annual rate for their btc deposits. But I'm not advising you to do that because if you don't hold your PKeys, not your bitcoin.

[redsun114]

This HODL of a thing, how good is it for Bitcoin? Wouldn’t it be having the same effect just as savings would do to fiat when there are huge amount of money removed from circulation and just placed to rest in a savings account?

It's true that the holding of Bitcoins might not be in the best interest for the market because the more the coins in market the more liquid market will be and one company or a whale cannot drop the price of the bitcoins then but the fact is people are greedy and they have every right to earn money so they will always hold bitcoins and even try to manipulate market at times.

This HODL might be really good for Bitcoin, and the worst part of it all is that Bitcoin is limited to about 21 million and these companies are already holding up millions and before you know it more of them will still come in and start holding more Bitcoin which will reduce liquidity. People really needs to stop HODL’ing too much and let it circulate.

Might be really good for bitcoin? I guess you made a typo there. Because all your post is against holding of Bitcoins which I agree with.

I think as much as we blame these BTC holders for low liquidity, these holders are the ones who actually lifted the Bitcoin market. I mean imagine if the big holders had dumped their coins 2 years back when price was ATH the market might have collapsed.

[imstillthebest]

Companies do not get involved in crypto like a regular person, they get involved because they want to go long on bitcoin because they go into anything with long term ambitions and they want to stay in it for the long term if it is gold, stocks, cash or bitcoin. It means we are talking about over a billion dollars worth of bitcoin was bought this year for long term holding and that of course happened to help the price of bitcoin as well.

That is how the world works and that is how profits are made, when they are in billions (or let's just say hundreds of millions) they do not have the urgency or scare that we have when there is small movements and dips, which they just go in even further when that happens to lower their DCA and make even more profit in the long term.

companies are known to work like this . It's already thier habit to invest into something and hold it professionaly . Some companies gets bankrupt also because of this while some gets successful and grow bigger because of thier booming investment aside from the profit that they earn on thier company .

Companies that owns Bitcoin might be less but they own huge amounts of btc and thier hodling do also grow overtime , them alone can really make a big difference without the help of other companies .

[Hasmizara]

I also agree with you that by depositing Bitcoin you can gain more experience and become much richer, In a real sense those who have been depositing Bitcoin for a long time before have been able to make a much better profit,So I also think that if someone saves bitcoin for a long time, he will definitely benefit and since Bitcoin has the potential to run the economy in the future I think Bitcoin should be saved.

[Fortify]

I think with the current uptick in price it is clear that a lot of money managers want to get in on the action right now - before it is too late. Bitcoin has shown it can be an amazingly versatile currency and is already well known in the mainstream media. This makes it easy to sell to clients, that they can move their money across borders without even needing to access their bank accounts. For the super rich, that means avoiding even more taxes and makes it much harder for tax authorities to take more of their money. These are the sort of people who make big money each day from just owning shares and not actively working for it - they just love having a new place to store their excess cash, gold is boring now and can be seized comparatively easily!

[ethereumhunter]

I imagine if there are many Bitcoin holding companies I think it is very dangerous, because price manipulation might happen easily,
to be honest I think this, I prefer if Bitcoin is held in the staking feature,
if Bitcoin has a feature like this it will be even more very nice.

It is not dangerous if many companies would start holding bitcoin. Don't you worry about manipulation or monopolizing. What's more worrying is the controlled percentage of mining power for a specific country or area. Staking can be done through companies with their interest offers.
You deposit on their exchange and receive percentage given the annual rate for their btc deposits. But I'm not advising you to do that because if you don't hold your PKeys, not your bitcoin.

Even if many companies start holding bitcoin, it doesn't mean that the companies can manipulate or monopolize the market because they need to against all people in the crypto market. I think the exchanges themselves don't want to see what happens, and they will prevent that happen to the crypto market. But if many companies start to buy bitcoin, that can give bitcoin a chance to be known by the people or the employee of that company, so they can start to have bitcoin and use bitcoin as an investment.

[CaVO32]

I imagine if there are many Bitcoin holding companies I think it is very dangerous, because price manipulation might happen easily,
to be honest I think this, I prefer if Bitcoin is held in the staking feature,
if Bitcoin has a feature like this it will be even more very nice.

It is not dangerous if many companies would start holding bitcoin. Don't you worry about manipulation or monopolizing. What's more worrying is the controlled percentage of mining power for a specific country or area. Staking can be done through companies with their interest offers.
You deposit on their exchange and receive percentage given the annual rate for their btc deposits. But I'm not advising you to do that because if you don't hold your PKeys, not your bitcoin.

Even if many companies start holding bitcoin, it doesn't mean that the companies can manipulate or monopolize the market because they need to against all people in the crypto market. I think the exchanges themselves don't want to see what happens, and they will prevent that happen to the crypto market. But if many companies start to buy bitcoin, that can give bitcoin a chance to be known by the people or the employee of that company, so they can start to have bitcoin and use bitcoin as an investment.

Those companies can't manipulate the price because the percentage of their holdings is not enough to do that and it will not be on their best interest to do such price manipulation. BTC price is driven by supply and demand in the market. Now, do you think, if few people can control the market, there will be supply and demand that will happen? I don't think so. So to have a healthy market, they won't hoard massive amount of btc, which will give good market movement.

[ethereumhunter]

Those companies can't manipulate the price because the percentage of their holdings is not enough to do that and it will not be on their best interest to do such price manipulation. BTC price is driven by supply and demand in the market. Now, do you think, if few people can control the market, there will be supply and demand that will happen? I don't think so. So to have a healthy market, they won't hoard massive amount of btc, which will give good market movement.

Even if they claim that they have big funds to buy more bitcoin, they will not have a chance to shake the price. Okay, maybe they can shake the price at a small exchange, but they can not shake at a medium or big exchange because the whales in that exchange will prevent their moves and watch their step. As long as the supply and demand still high in the market, that company can not do anything except following the price, but those companies can buy or sell bitcoin at a level price and make people panic temporarily.

[coolbaughandrew]

But I'm afraid that it will be the start of centralizing ( slightly ) the bitcoin. From any moment, if every government turns their back with cryptocurrencies these companies will be force to sell it all out leaving the whole market in awe.

Even if these companies will be forced to sell their Bitcoin, there are several times more coins in the circulation.

[darewaller]

They could manipulate the price, not the coin itself and that is the difference. They could be as rich as they get and they could buy all the bitcoin they could afford but even in that situation bitcoin will still be bitcoin and nothing will change about it, sure you could make it 50k+ per bitcoin if you are rich enough or you could make it 1k per bitcoin as well all depends on the amount of money you have and your motives to make bitcoin price move, it is market manipulation and bitcoin is not exempt from it just like stocks and forex is not as well as other stuff in investment, market manipulation could always be done with enough money and lack of regulations on crypto markets makes it easier. However bitcoin and blockchains integrity will never be questioned no matter what.

[bearexin]

Companies do not get involved in crypto like a regular person, they get involved because they want to go long on bitcoin because they go into anything with long term ambitions and they want to stay in it for the long term if it is gold, stocks, cash or bitcoin. It means we are talking about over a billion dollars worth of bitcoin was bought this year for long term holding and that of course happened to help the price of bitcoin as well.

What I always have in mind is what’s going to happen by that time when these companies decides to eventually sell their bitcoins, what’s going to happen? The market might be going down too much because these companies are HODL’ing giant shares of Bitcoin and that’s leading to a crash.

Unless maybe by then, by the time they make up their mind to sell their assets holding, there will be so many other companies that will be ready to buy so many, more than these ones have done right now. I wouldn’t like anything that’s going to be crashing the market to the extent people lose hope.

[chip1994]

https://twitter.com/Coin98Analytics/status/1315853890424717312

13 companies are holding around 2.85% of the total supply of Bitcoin.
Let's compare all of them:

449,596 Grayscale
  69,730 CoinShares
  38,250 MicroStrategy
  16,551 Galaxy digital
    8,195 3iQ
    5,215 BTCe
    4,709 Square
    2,954 HUT8
    1,239 Voyager
    1,053 Riot
       215 digital
       204 cypher punk holdings
       126 argo

The special thing here is that 12/13 companies above have used the majority of their funds to buy Bitcoin in 2020. It seems that since the outbreak of Covid 19, they have been planning to hold Bitcoin to  not affected by inflation. A large number of big companies investing at the same time will make the crowd pay more attention to Bitcoin and will likely create a new influx of capital into the Crypto market in the coming months.
The Halving mechanism and the Cryptocurrency community have created the reputation of Bitcoin after years of development.  Today Bitcoin is seen as a great asset to store assets and never fear inflation. This is probably the most obvious proof that Bitcoin is reducing inflation,  you can refer here: https://news.bitcoin.com/bitcoin-halving-inflation-rate-central-banks/

[CarnagexD]

This may seem good first because it helps bitcoin increase in value. But knowing that they own approximately 600K bitcoins kind of scares me. Keep in mind that this only applies to grayscale companies. Who knows how many more companies do this? They could cause a huge impact on bitcoin's price knpwing that they are all whales in the market. And them being owned by private companies does not make comfortable even a bit.

[FlightyPouch]

A lot of these companies are holding a huge percentage in circulation and I think we should not also forget about the individual whales. It is great that we are seeing these companies holding but it is kind if scary what they can do negatively. For sure, they are aiming for big profits but I hope this ends up in a good way.

[jaysabi]

Today Bitcoin is seen as a great asset to store assets and never fear inflation. This is probably the most obvious proof that Bitcoin is reducing inflation,  you can refer here: https://news.bitcoin.com/bitcoin-halving-inflation-rate-central-banks/

I think this is grossly overstated.  People buy bitcoin and cite inflation as a cause of concern, but there's no body of evidence that Bitcoin protects against inflation because it is much more volatile than the inflation rate is destructive to savings. The risk of holding btc vs USD isn't even comparable.  The USD is orders of magnitude safer.

[inoes]

Talking about bitcoin is becoming more and more interesting, the Norwegian government holds a 2% stake in Microstrategy, which means that all Norwegians are also indirectly exposed to Bitcoin. (Bitcoin enthusiasts are increasing). of all the list of companies above, indicates that there is a catalyst for bitcoin demand. good luck

[Obito]

A lot of these companies are holding a huge percentage in circulation and I think we should not also forget about the individual whales. It is great that we are seeing these companies holding but it is kind if scary what they can do negatively. For sure, they are aiming for big profits but I hope this ends up in a good way.

We have the right to be scared, they can form a monopoly if they want too. In my opinion, it won't end good for those who do not buy now, the prices are still tamed and everyone can still buy bitcoin, the pioneers are the one that will profit big time because we all know that when the money from this big institutions come dropping again, the prices will go crazy and people will be clamoring about the price surge to the point that they forgot that the companies can manipulate the prices, the only way for the individual and small fishes to survive is to stock up and hodl because when companies control the prices, we have a good exit no matter what.

[Gozie51]

Talking about bitcoin is becoming more and more interesting, the Norwegian government holds a 2% stake in Microstrategy, which means that all Norwegians are also indirectly exposed to Bitcoin. (Bitcoin enthusiasts are increasing). of all the list of companies above, indicates that there is a catalyst for bitcoin demand. good luck

This is a plus to the people there. This signal a support to bitcoin if a government is investing into bitcoin. Such will increase the bitcoin interest a lot and help the youth over there to invest and trade bitcoin too. Youths are the economic power of a country because of their zeal and strength. The GDP is expected to increase both from the government and the youth investment participation.

[SmokerFace]

Happy to see organizations are additionally included and taking an interest in cryptographic.
I don't really know about those companies, but I think it's a great step for the growth of cryptocurrencies.

I think companies realize that cryptocurrencies have more potential and benefits as compared to the stock market.
The highly volatile coins can beat any stock, and they're more profitable than any other investment Like Gold, properties, etc.

[FanEagle]

Happy to see organizations are additionally included and taking an interest in cryptographic.
I don't really know about those companies, but I think it's a great step for the growth of cryptocurrencies.

I think companies realize that cryptocurrencies have more potential and benefits as compared to the stock market.
The highly volatile coins can beat any stock, and they're more profitable than any other investment Like Gold, properties, etc.

That is definitely true, these big places eventually going into crypto definitely changed something. I remember that back in the day there was a situation where crypto was seen as "dark money" and everyone hated it and in mainstream media you could see people pumping news about drug lords and bad people all using bitcoin etc etc, basically it was shown in a very bad light and everyone hated bitcoin.

But at the end, we are really doing something amazing right now because now those huge corporations are going into crypto and that made it amazing for us, we are in a situation where people are quite happy about what is going on in the crypto world and I can't believe how lucky we are about it as well. Mainstream media now talks about how awesome bitcoin is and how we are doing amazing, it is really cool.