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Author Topic: Some Company are holding more than 10000 Bitcoin  (Read 1250 times)
Kakmakr
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December 27, 2020, 05:37:56 AM
 #61

This is nothing in comparison with the major casinos and exchanges and wallet providers, even thought the coins that are held with them are not their own.  Wink  (Well a lot of it, might be profit)

I know Eddie (Stake.com) mentioned that over $400 000 000 were wagered in a week at their casino and Billions of Dollars in the 2 months before the Lambo giveaway, so the amounts kept on their platform is huge. (Most are kept in cold storage and only reflected on their own in house ledger when you wager)

So the really big amounts are not even shown in the graph...  Wink

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December 27, 2020, 06:20:39 AM
 #62

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.
We do not even know if that company really holding more than 10000 bitcoin.
Even if they claim that they holding that amount, but without showing their wallet address that holds that amount, we do not have to trust it.
Let them saying like that while we can do our business to get more bitcoin in many ways, so we do not have to miss the chance to sell bitcoin at the highest price.
I am not familiar too with that list, so I do not overthink about them because what I am concern about now is I need to make a profit in bitcoin before it is too late for me to have many bitcoin.

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December 27, 2020, 08:13:21 AM
 #63

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.
Bro the amount of people that owns less than a whole bitcoin (1) is significantly far greater than those who owns more than 1 bitcoin. It's like our traditional economy where the gaps between rich and poor repeats again but this time in crypto world.
It's inevitable though when there's just no way to rule this, but honestly it doesn't matter that much when there's those altcoins as an alternative to bitcoin so that the capitals could be spread between these alts.

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December 27, 2020, 09:36:01 AM
 #64

I think once companies start to face right now is that many of their competitors are switching into the crypto world. Everybody reads in the news that more and more institutions are buying bitcoins. And now as a. Manager you probably start to wonder if you are falling behind if you don't do so yourself. Even if you don't fully believe in bitcoins you might atleast want to buy some coins so you are not falling behind. If one company starts all the other ones will eventually follow suit.
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December 27, 2020, 10:43:16 AM
 #65

I would say that is the best way to go if we want to see bitcoin becoming an investment and not a payment. I understand that there are two types of people who are into bitcoin, one of them is the type of person who would like to see bitcoin as a currency, just like dollars, and just like how you do not "buy dollar and hold" they do not want bitcoin to become anything like that, they want bitcoin to be dollar or euro so that people would work for it and earn it and spend it just like fiat.

The other part is the ones who would like to see bitcoin like stocks or gold, they would buy it and hold it and get richer thanks to it. If you are the second party, you should be happy about people buying and holding bitcoin, because that makes it go higher, but if you want people to actually use it as a currency this is not the way to go and makes things harder.

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December 27, 2020, 11:18:10 AM
 #66

Well maybe this is the reason of why the Bitcoin price is keep on increasing at ATH record because there are lot of big companies that are keep on holding too and this might attract the other investors to join the loop too. Hopefully they are not the big whales that anytime may bring down the price again.
Undoubtedly, attracting large capital from large companies in bitcoin increases its demand and value in the cryptocurrency market. But at the same time, a large amount of bitcoin in one hand can be either a good factor for the market or a bad one. Big whales can easily manipulate pricing, and can also influence the constant growth of the Bitcoin exchange rate.

#business #forextrader #bitcoinnews #invest
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December 27, 2020, 11:54:42 AM
 #67

And how many power they have? Think about it, guys. They can manipulate the market as they want
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December 27, 2020, 11:58:07 AM
 #68

Well maybe this is the reason of why the Bitcoin price is keep on increasing at ATH record because there are lot of big companies that are keep on holding too and this might attract the other investors to join the loop too. Hopefully they are not the big whales that anytime may bring down the price again.
Undoubtedly, attracting large capital from large companies in bitcoin increases its demand and value in the cryptocurrency market. But at the same time, a large amount of bitcoin in one hand can be either a good factor for the market or a bad one. Big whales can easily manipulate pricing, and can also influence the constant growth of the Bitcoin exchange rate.

But as long as many look at it as positive well there's nothing harm with that and also those big companies will not want the price goes down badly, so if there's certain manipulation will happen at the current price for sure it cannot affect the market so much since provably there are many whales will catch the bargain price of BTC since the potential to rise up for more in value is so high.

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December 27, 2020, 01:16:11 PM
 #69

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.
Yes we are at the top momentum now on btc .It has got the popularity and the companies are starting to invest on vastly .However the value will be increased as they are holding lot enough .I think the mass adoption has raised at the time of lock down and it is increasing that's how the value is increasing too.

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December 27, 2020, 02:10:54 PM
 #70

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.
well, I really agree with what you say because large companies will try to take advantage of any opportunity that exists to be able to get a lot of profit, such as bitcoin which has a fast price movement can provide a lot of profit to companies that have bought a very large amount of bitcoin.

People before have been doubting about the real value and function of Bitcoin but since its developments and improvements have been visible, even the richest people and big companies would want to get richer through it. The negative effect of it in the future is that they would be able to manipulate the prices and it would be hard for simple people to accumulate or invest with Bitcoin because the supply might also be limited.
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December 27, 2020, 02:47:00 PM
 #71

I prefer companies that hold a lot of Bitcoin than individuals, because it is common for companies that buy Bitcoin for long-term investments
as reserve funds. So there is very little pump and dump will happen compared to individuals who want to get personal gain and there will be
price manipulation in the market this will be very dangerous. So knowing this good news with many companies that have started buying lots of
Bitcoin, this is of course the reason why the price of Bitcoin has continued to rise. I hope that more companies decide to invest in Bitcoin.

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December 28, 2020, 05:59:10 AM
 #72

I am not really against big corporations going into bitcoin, this is not giving them more power over bitcoin, it just gives the more power over "price" of bitcoin and that is not really that important. What people do not understand is that Banks are not evil because they have a lot of money, they have our money and we can withdraw that anytime we want and destroy them if that was the only power they had.

However they are evil and they are ruining many nations (not just banks, rich people all together) because they have power over politicians and because they have power over politicians (with bribes) they can make anything they want happen, that is the worst thing.

Even in this covid era they got more money than regular people did, which should provide proof of why we dislike them and why we use bitcoin. Here they can't change anything, bitcoin is bitcoin and you could have over 100 billion dollars worth of bitcoin and you still have to live with the majority decision.

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December 28, 2020, 10:43:11 AM
 #73

This might sound good right now. Will this be good in the long run??

More Bitcoins going to this companies = more likely that the price will drop down very hard if the time comes for them to sell a portion of their holdings. More and more companies will follow this trend in the next years. They might be holding a small portion of the total supply right now but when this continue for a year or 2 it is not the same scenario anymore. I'm not against them holding many Bitcoins but this just shows that when they are holding too much, they also have the capability to push down Bitcoin's price.

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December 28, 2020, 10:43:18 PM
 #74

I had no idea about Grayscale holding a substantial huge amount of coins and they can control the market price with ease with the amount of coins they are holding. The Tezos foundation is the company that owns Tezos i assume and block one is the company that owns EOS if i am not mistaken, but what i did not understand is MT GOX kk, i thought they liquidated all the coins.
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December 28, 2020, 10:55:57 PM
 #75


It's expected to happen and this is what the community wants, we want big company and corporation to become one of the players in Cryptocurrency because with them around we feel adoption is in progress our community will become huge if we have the top corporation and companies part of the community, the only negative side is they control majority of the supply.
Crypto is an open marketplace that any party can join in the game. the major companies from the wallstreet are not coming yet. They must pay more if they wanna control more supply and that's quite impossible for bitcoin to be monopolized by the big companies. They are nearly holding almost 1 million worth of bitcoin.

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December 29, 2020, 05:07:32 AM
 #76

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

In that sense, Coinbase controls more coins than every one of these companies combined. No matter how big GBTC gets, Coinbase will always be bigger since they handle custody for Grayscale. They had close to 1M coins in their custody earlier this year.

More Bitcoins going to this companies = more likely that the price will drop down very hard if the time comes for them to sell a portion of their holdings.

That's true of any market: buyers eventually become sellers. Retail investors have weaker hands than institutions though, so I don't see why this is a bad thing, at least with regard to price.

There are plenty of arguments to be made as to why Wall Street institutions owning a big chunk of the BTC supply is bad for Bitcoin's decentralization and governance, but that's another matter.

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December 29, 2020, 05:46:59 AM
 #77

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

The Gray-scale one is mother of all. Lolz. Just imagine if their clients starts to dump the bitcoins what would the market turn into. But if it's the client then obviously not all of the bitcoins will be dumped that fast. I mean it adds more security of funds to us rather than single entity like gray-scale or mtgox holding them all alone.

Your logic is correct, if they would have been held by one entity then by now they would have controlled the whole market at such high prices. I guess they will keep buying more and more coins (clients) until they find right spot like 100k per BTC or 200k BTC... You never know!!
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December 29, 2020, 11:36:40 AM
 #78

World top some company Holding 10000+ Bitcoin
I am convinced that Bitcoin is inevitably will be bought out by whales almost completely during next 10 years.
We as smaller investors should rather think of investing in something that will grow exponentially like bitcoin did during last 10 years.

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December 29, 2020, 01:32:31 PM
 #79

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

The Gray-scale one is mother of all. Lolz. Just imagine if their clients starts to dump the bitcoins what would the market turn into. But if it's the client then obviously not all of the bitcoins will be dumped that fast. I mean it adds more security of funds to us rather than single entity like gray-scale or mtgox holding them all alone.

Your logic is correct, if they would have been held by one entity then by now they would have controlled the whole market at such high prices. I guess they will keep buying more and more coins (clients) until they find right spot like 100k per BTC or 200k BTC... You never know!!
That mt.gox one scares me the most out of any of them. Grayscale has over half a million bitcoins which was something I didn't know, but in any case they are holding them and not selling them any time soon, buying that much bitcoin obviously made bitcoin price increase a lot as well, so I assume that people know what they are doing and there is no problem with it, nobody really felt upset about it or did anything about it or wrote any bad things about it, so I guess we are all fine.

However that mt.gox is not like that, that is the trustee that hold it, and they WILL sell it soon, so this is why I think it is quite important to realize we will get a big crash because of that, maybe even soon who knows, because that will be sold to cover the debt and that is a big deal. When that happens, we need to be ready for it and need to buy it from them, otherwise they will dump it.

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December 29, 2020, 03:40:49 PM
 #80

Last day when bitcoin reach almost $30k many company have sold their bitcoin and waiting correction moment to buy back, this happen when bitcoin reach higher price many thousand transaction from withdrawing or depositing bitcoin from one wallet to other wallet, will get impact bitcoin have lower price and usually happen for investor to get good moment selling on higher price then waiting for bitcoin back lower price to buy back, just happening right now when bitcoin down many investors waiting for buying bitcoin again because only bitcoin most recommended to get much profit.

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