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Author Topic: Some Company are holding more than 10000 Bitcoin  (Read 1250 times)
Leviathan.007
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December 24, 2020, 09:03:15 PM
 #41

Even after the dram happened a few years ago mtgox is still one of the biggest bitcoin holders. Since, these companies and teams are holding this huge amount of bitcoin we don't need to be worry about some people when the panic sell some bitcoins and make the price fall for a little because hold this huge amount of bitcoin is a great positive sign for bitcoin. Also, time after time, there will be more incoming companies and they hold huge amount bitcoin as investment This is one good reason to say in the next a few years, even before next halving bitcoin will reach another ATH.

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December 25, 2020, 09:46:39 AM
 #42

Some of the companies that you have on this image I am just seeing them for the first time. Greyscale is the one that’s very popular and everyone knows them for steady buying Bitcoin.

I once saw on this forum around the time that PayPal started accepting cryptocurrencies that they bought over seventy percent of cryptocurrencies that were mined for the month or so, I can’t really confirm whether it’s true or not, but Greyscale did buy a lot as well. And I do have this thought that it is not every company or institution that is holding Bitcoin or crypto assets is letting the world know about it, some of them might decide that it is best for them to leave it as a secret.

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December 25, 2020, 12:56:39 PM
 #43

That is the scenario that we do not like to happen and this is not what bitcoin is intended to be but unfortunately they have the money and they have the means soon it will become a playground of rich and multi national companies, I myself do not have one Bitcoin in my portfolio and there are thousands of people like me who can only own a fraction of Bitcoin.
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December 25, 2020, 03:39:14 PM
 #44

Some large company buying so many bitcoin is inevitable because there's no prevention for that. But that doesn't mean bitcoin is centralized to some company. 10K BTC is only a fraction of 21 millions bitcoin after all.
However, if company owns too much bitcoin it could also destroy the market and renders the coin worthless if people just assume that its not worth it to buy coin owned by large companies.

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December 25, 2020, 04:31:45 PM
 #45

Some large company buying so many bitcoin is inevitable because there's no prevention for that. But that doesn't mean bitcoin is centralized to some company. 10K BTC is only a fraction of 21 millions bitcoin after all.
However, if company owns too much bitcoin it could also destroy the market and renders the coin worthless if people just assume that its not worth it to buy coin owned by large companies.
The demand for bitcoin is too much so if a company buys a lot of bitcoin to hold it long term, of course the company just wants more to get bigger, but I don't panic about this, more holding means that scarcity is increasing so companies won't sell all they have at once so they can control the market if they have a lot of bitcoin.

Actually this is a lot full of drama and whichever company is holding a lot of bitcoin and they are still closed, it is not open so it will not drop so badly
Trust me this will increase even more especially since ATH has started to be high and the level is higher.

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December 25, 2020, 04:46:44 PM
 #46

Some large company buying so many bitcoin is inevitable because there's no prevention for that.
uncontrollable not unavoidable . its not your money but its theirs and they can do what they want but why will us avoid them , we should rather be happy that they do that because they make the bitcoin price so lively .  no need to prevent that unless if you are a bitcoin hater and you dont want us to earn at the times where btc is at its all time high .

But that doesn't mean bitcoin is centralized to some company. 10K BTC is only a fraction of 21 millions bitcoin after all.
However, if company owns too much bitcoin it could also destroy the market and renders the coin worthless if people just assume that its not worth it to buy coin owned by large companies.
who said it centralized . no one before but you could be the first .  even if they buy such amounts of btc , btc is already the same . it was created to be decentralized . they can destroy the price of btc but not the entire market if they will sold but they will always rebuild it again . we have seen this for so many years
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December 25, 2020, 07:46:51 PM
 #47

I wonder why they hold too much money. Perhaps they bet that the BTC price will always go up. Usually, companies that hold too much money are considered inefficient since money can be used to grow their businesses so that the returns from operational activities can be higher than returns from investing activities.

IMO if the BTC price becomes more stable, we won't see this phenomenon, as they can't just hold BTC and expect it will make their financial statements more appealing.

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December 25, 2020, 11:18:56 PM
 #48

I wonder why they hold too much money. Perhaps they bet that the BTC price will always go up.

Some of these companies hold bitcoin as part of their investment before the price hit the ATH. Also these companies probably hold billions dollars of investors fund and holding 10k bitcoin is probably around 10% of the total investment or some sort

10K BTC is only a fraction of 21 millions bitcoin after all.

Grayscale has around 2.7 % with 579k of bitcoins though

However, if company owns too much bitcoin it could also destroy the market and renders the coin worthless

It doesnt work like that. These companies cant really sell off all their stack and call it the end of their investment. Even if they want to, They probably will only sell portions of it and keep the rest

R


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December 25, 2020, 11:40:30 PM
 #49

This is the reason why Bitcoin price has risen surprisingly in a pandemic situation like now. Because it turns out that more and more
large companies are deciding to invest in Bitcoin, According to data in the opening posts of several companies, the holding is estimated
at 10,000 BTC. This is an enormous amount, especially since most large companies rarely hold assets in the short term.

Therefore the hype that occurred this year is very different from the hype that occurred in 2017. In 2020 the price of Bitcoin support is
very strong, so there is very little chance of a dump. Therefore I decided to continue to collect as much Bitcoin as possible, because
I believe the Bitcoin price will continue to rise.

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December 26, 2020, 06:46:22 AM
 #50

Shouldn't we worry about the same? These companies are here for profits and they can bring bloodbath whenever they want. What do your guys think?
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December 26, 2020, 03:27:26 PM
 #51

Shouldn't we worry about the same? These companies are here for profits and they can bring bloodbath whenever they want. What do your guys think?
We should not worry about that dude, if there will be no institutional investors and who will be the party that can pump the price of bitcoin? We can't deny the fact that if bitcoin needs more and more money from institutional investors to make it goes to the moon.
There are some people also thinking about the institutional investors can monopoly the price of bitcoin but this is not true at all.

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December 26, 2020, 03:38:14 PM
 #52

That is the scenario that we do not like to happen and this is not what bitcoin is intended to be but unfortunately they have the money and they have the means soon it will become a playground of rich and multi national companies, I myself do not have one Bitcoin in my portfolio and there are thousands of people like me who can only own a fraction of Bitcoin.

You're right, they have the capability to buy a lot of bitcoins and it will attract more rich investors to invest and buy bitcoin also. You still lucky that you have even just a fraction of bitcoin because soon that will become a huge amount in your pocket.

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December 26, 2020, 05:33:08 PM
 #53

Shouldn't we worry about the same? These companies are here for profits and they can bring bloodbath whenever they want. What do your guys think?

They can but it would hard to sell everything off in one take so there is less merit for them to sell everything then keeping it.  Holding these bitcoins is probably less than 10% of their entire portfolio so if they can get 0.5% profit of their 100% portfolio by selling only small amount of bitcoins, they would do so instead of letting everything go

Even if bloodbath happens, there will always be another next companies that look into bitcoin and put it into their portfolio

R


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December 26, 2020, 05:55:43 PM
 #54

Wowza!  I knew of Grayscale and MicroStrategy holding a ton of bitcoin, but I wasn't aware of most of those other companies--and I was surprised to see the Tezos Foundation owning so much.  That's an altcoin I was interested in for a while until I finally lost enthusiasm for it.

For the publicly-traded corporations in the picture, I'm really hoping their shareholders don't get burned if bitcoin should crash (and I think we can all agree that that's a possibility).  Hopefully those shareholders are aware of the risk that companies like MSTR are taking by buying up so much bitcoin.  It's not as if it's an historically stable investment. 

And yeah, should any one of them decide to dump their BTC holdings all at once, the market might be in trouble.  If all of them were to sell at the same time, it would be absolute pandemonium.

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fiulpro
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December 26, 2020, 06:38:33 PM
 #55

Some of them consider them as: Investments
Some of them are just holding them to make sure that they don't fall afar from the society since now every other person has Bitcoins now.
Not the good thing is :
It promotes bitcoins
It gives bitcoins more investments making the price more stable perse
Now the bad thing is:
They are now Whales and can make or break the price literally!! They can change the whole thing in a couple of seconds which might be bad.
Market manipulation is always a sad thing that can happen anytime.

*At the same time these are list of the institutions and companies who are comfortable in letting it known that they are holding Bitcoins but there are many more doing it but not making it public.

- We need to find a way to tackle the market manipulation!! Otherwise sooner or later it might end up bad for the small investors like us.

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December 26, 2020, 06:44:56 PM
 #56

Shouldn't we worry about the same? These companies are here for profits and they can bring bloodbath whenever they want. What do your guys think?

They can but it would hard to sell everything off in one take so there is less merit for them to sell everything then keeping it.  Holding these bitcoins is probably less than 10% of their entire portfolio so if they can get 0.5% profit of their 100% portfolio by selling only small amount of bitcoins, they would do so instead of letting everything go

Even if bloodbath happens, there will always be another next companies that look into bitcoin and put it into their portfolio
Why we should worry about this? This companies proves that bitcoin mass adoption since they had contribute into bitcoin. I think they not going to sell this since they just saving it for the future purposes, even if they sell 5% of they bitcoin it is still big and profitable, maybe not a bloodbath well we can't tell but it can be use in illegal transaction in the dark web we wouldn't know what will the real plans for this companies as long as they have bitcoin they had plans for it in the future or maybe someday they can easily manipulate bitcoin price cap. Also it can be an eye opener to other companies to involved bitcoin into their business as well.
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December 26, 2020, 11:05:10 PM
 #57

Grayscale has been one if the prime mover of Bitcoin and it current rally, no wonder altcoins has been bleeding and now it's obvious they don't really care about altcoins or perhaps its not their time yet.
On a second note, I know these are coins that meant to be hold for long time but how will they sell this tons bitcoin in exchange. I have observed that whenever traders and investors see 2009 and 2010 bitcoin on the move to an exchange, they begin to panic, now I wonder what will happen to Bitcoin price when they decide to move this bitcoin to an exchange.
It will definitely happen one day Cry Kiss
Twentyonepaylots
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December 26, 2020, 11:46:40 PM
 #58

Everytime I get a news where some large-scale companies are  buying out tons and tons of cryptocurrencies, particularly bitcoin. I feel both hope and fear. Hope because this means that bitcoin is all the more becoming more and more accepted in our society compared to when it was in the past. A little bit fearing when we consider the fact that these makes them all effectively whales that could easily make the market dance at the top their hands.
You're right, they have the capability to buy a lot of bitcoins and it will attract more rich investors to invest and buy bitcoin also. You still lucky that you have even just a fraction of bitcoin because soon that will become a huge amount in your pocket.
Still a big fraction of the coin nonetheless. Or at least of what's already discovered. These coins could've fallen to the people's hands but ultimately fell into theirs. I fear the day these guys get another ground to step on the people, especially bitcoin which is meant to be the people's currency. We're going to have an Anakin moment if that happens.
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December 26, 2020, 11:47:14 PM
 #59

There will be more and more companies will hold bitcoin as their alternative investment, since bitcoin touch it's new ATH it will bring more attention to other companies. I cant wait what will happen to bitcoin in the next year. but since companies hold big amount of bitcoins we will face big dump later if they decide to sell all their bitcoins and we will need time to recover from that.   
the decisions they took were brilliant (making Bitcoin an back-up of company assets/funds).  they must have started buying Bitcoin a long time ago, it's not easy to make a decision like this.  going forward we will definitely see more and more companies that make Bitcoin as a fund/asset for the future of their company..
Some companies have been doing it and did you know the richest people in mexico was also investing in bitcoin since 2013. They were buying bitcoin when the price was very cheap.
They have a lot of money and i thought that they have been preparing it even since the creation of bitcoin. The only ignorance who will keep to say bitcoin as a not promising investment while the fact says the opposite thing.

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December 27, 2020, 05:18:45 AM
 #60

World top some company Holding 10000+ Bitcoin



I'm not familiar with some of these names on here, but Microstrategy is one of the few that actually owns the bitcoins they hold. Entries like Grayscale or Mt Gox own bitcoin on behalf of others, so there's no conclusion to be drawn from them holding it.

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