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Author Topic: Some Company are holding more than 10000 Bitcoin  (Read 1250 times)
BTC_Mouse (OP)
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December 23, 2020, 12:33:02 PM
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 #1

World top some company Holding 10000+ Bitcoin


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December 23, 2020, 01:09:28 PM
 #2

More and more companies are getting into holding of bitcoin. In the past large scale companies invested on bitcoin and those details were kept confidential. Nowadays everything is revealed to the outer world, and the same has made more and more companies invest on bitcoin. Some centralized firms prioritise bitcoin as reserve considering the growth of bitcoin.

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December 23, 2020, 01:11:32 PM
 #3

Let them hold as much as they want... Less bitcoin in circulation means higher prices... Also, i'm not sure if an exchange actually legally "owns" the coins in their hot and cold wallets... I guess legally they belong to their clients, eventough the exchange has complete controll over them them

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December 23, 2020, 01:29:58 PM
 #4

All I just know is that the biginning of institutional investors investing in bitcoin just started, with the way I see it, there will soon be a year when more investors will join which are going to be intlstitutions. This year has been a clear evidence of the evolution of institutions getting knowing more about bitcoin while the years that will proceed will have more of them which will lead to more world adoption of bitcoin. Without doubt, we can seen how this year has been in favour of bitcoin, although not only by institutions but we see how institutional whales really helped.

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Kez1817
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December 23, 2020, 02:14:16 PM
 #5

Day by day more and more new company interested buy bitcoin, and come big investor investment bitcoin. It's very good for future bitcoin price

I agree with you...The more investors of bitcoin, the higher will be the value of it.  Mass adoption of bitcoin is really increasing and because of this new ATH of bitcoin, it continue attracting big companies, millionaires, billionaires and celebrities to join the bitcoins evolution.

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December 23, 2020, 02:22:39 PM
 #6

The more bitcoin they hold, the higher the price of bitcoin will be. it is the result of less circulation on the market. Days by days, I always hear news of companies that continue to buy bitcoin with a large number (such as 1000 to 20000 at a time). This is surely what we need to make bitcoin becomes more important and fascinating to the people

However, I wonder that can we consider them as whales? What if they decide to sell-off their bitcoin at once? It will be a nightmare for the crypto world if they do that since no one wants to witness 2017 2.0 when most of the people lost their money. Honestly, I still believe in those companies that they will continue to amass bitcoin at a great scale because there is no good to sell bitcoin at the moment. $100000 can be our next target in the next 2 years. But right now, we need to hit $30000 first

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December 23, 2020, 02:59:34 PM
 #7

It's a good thing, right?
I don't know if that suits traders too.  Cheesy

I guess they just changed their assets into bitcoin and sold the others.
The good news is these companies will keep on holding it if it's for asset reasons. In that case, we won't see BTC falling way backward again like what happened at the start of 2018.
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December 23, 2020, 03:03:55 PM
Last edit: December 24, 2020, 10:03:58 AM by iamsheikhadil
 #8

It's so good that Bitcoin is getting so much mainstream and public and government attention which it deserves. Quite recently Elon Musk even posted a meme featuring Bitcoin as seducing lmao, and I'm quite sure one day Tesla will itself provide its employees salary through Bitcoin Wink But yeah, if the company starts to hold large volume of bitcoins instead of distributing them, that will actually make the value of the coin go up but only for short term as demand increases but at the end it will dump.
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December 23, 2020, 03:30:42 PM
 #9

It's so good that Bitcoin is getting so much mainstream and public and government attention which it deserves. Quite recently Elon Musk even posted a meme featuring Bitcoin as seducing lmao, and I'm quite sure one day Tesla will itself provide its employees salary through Bitcoin Wink

I am afraid that the huge demand from companies and institutional investor will make it harder for the ordinary guy to invest in bitcoins. I mean für everyone who has already a big portfolio or is mining coins himself it's good news. But for people who want to get into bitcoins at the moment, it's getting more and more expensive.
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December 23, 2020, 04:03:02 PM
 #10

there are more 18,500,000 bitcoins in circulation right now which means there are a lot of people who own all these bitcoins that the sum is 18.5 million.
a handful of companies owning a very tiny amount of bitcoin in comparison doesn't really mean much. the only significance of this story is that finally after 11 years some companies are realizing the power that bitcoin has and are trying to get in while we are still in early stages of adoption.

There is a FOMO brewing...
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December 23, 2020, 04:06:16 PM
 #11

This proves that bitcoin mass adoption is just getting started, that it might be the reason why bitcoin's price is currently stable at more than $20,000. But many people are still afraid of holding and buying bitcoin because anytime bitcoin's price can suddenly make a huge downfall, just like what happened the last year of 2017; that is why many investors who recently buy bitcoin that time lost a considerable amount of profit.

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December 23, 2020, 04:10:05 PM
 #12

this seems to be the new standard of 2020 and more companies seems focused in this activity!
what a change after all these years!
You can have a live outlook https://bitcointreasuries.org/  here of all companies that actually have bought some bitcoin.
(around 4% of total supply!)

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December 23, 2020, 04:21:26 PM
 #13

This proves that bitcoin mass adoption is just getting started

Companies holding bitcoin doesnt mean anything close to mass adoption. Mass adoption means adopting the blockchain technologies and put it in their daily practices and stuff. That also means the majority will be using bitcoin / cryptocurrency in their day to day transaction . This is the real meaning of mass adoption and not just some companies holding bitcoin

that is why many investors who recently buy bitcoin that time lost a considerable amount of profit.

Everyone speculate on cryptocurrency because of its price and thats normal. It doesnt means all those investors believe in cryptocurrency, they simply in here because of the profit that they will be making

R


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December 23, 2020, 04:58:33 PM
 #14

After 2018, the collapse of Bitcoin plunged the market into a catastrophe like the current global economy. The COVID-19 Crisis has fueled Bitcoin and its value to humans. Currently the price of Bitcoin is rising as well as its users have increased. The company has previously held Bitcoin but did not want to disclose. They have just expressed confidence that the price of Bitcoin was increased to 20000+.
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December 23, 2020, 05:05:47 PM
 #15

Bitcoin shortages everywhere, that's what I like. These massive superfunds holding many btc are emptying the market and for those who hold everything is working according to plan.
I can't believe this is really happening.
OP where was the img taken from?
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December 23, 2020, 07:37:34 PM
 #16

People need to be careful of what they wish for, if this institution start accumulating more and more Bitcoin, it would be out of reach for average Joe and the idea that Users control Bitcoin will not hold again, Bitcoin need to be widely distributed, just look at what is happening to Altcoins and you will understand how bad things can be for Bitcoin when all these VC's start to influence decision making


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December 23, 2020, 09:12:13 PM
 #17

^ The reason behind that is Bitcoin is the best way for them to control their company funds. You have to realize that these companies use other people’s money for their business and that’s actually the reason why they are companies.
So, if you’re one executive I guess you have to find ways how to earn from your own company. And convert your company’s money to yours as both are different entities. Nevertheless, executives are trying to score with their company’s funds. That’s why their company’s cash is invested in bitcoin.
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December 23, 2020, 09:20:18 PM
 #18

People need to be careful of what they wish for, if this institution start accumulating more and more Bitcoin, it would be out of reach for average Joe and the idea that Users control Bitcoin will not hold again, Bitcoin need to be widely distributed, just look at what is happening to Altcoins and you will understand how bad things can be for Bitcoin when all these VC's start to influence decision making
To be honest even in the current price average Joe in other country would have a hard time accumulating 1 BTC since it is already too much.
And isn't it a good thing that the price is going up and more company are going into it?
The price would stay high because of them and we don't really need to have 1 whole or more BTC on us we just need what we can afford and what we can have,
We don't need to force ourselve's if we couldn't afford it.

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December 23, 2020, 09:29:59 PM
 #19

It could actually be quite damaging to Bitcoin in the long run as more of it consolidates into the ownership of just a few companies/people. They will essentially be able to sway the market whenever they feel like it and also make it much harder to people to acquire a whole Bitcoin, somewhat removing the allure of it for the average person. We might be moving into an age where Bitcoin is more of a novelty item to show off between the super rich, rather than a usable currency unit with many outlets accepting it.

R


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December 23, 2020, 09:33:15 PM
 #20

Let them hold as much as they want... Less bitcoin in circulation means higher prices... Also, i'm not sure if an exchange actually legally "owns" the coins in their hot and cold wallets... I guess legally they belong to their clients, eventough the exchange has complete controll over them them

There should be at least some classification an actual company that really holds and own their coins and to those platforms that do owns but those came from their users.Its a different category so there should be
some separate list to avoid confusions but for the sake of demonstration of numbers then having this infographic isnt a bad show either.

Letting them hold as much as they can could really make less coin in circulation which would really result into higher or valuable price but we know on what would be the con's out of this
is on when these companies to decide to release their stashes.

They would really be giving out some significant impact on the entire market but if these companies are holding for long term then this shouldnt really be a problem FOR NOW.

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