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Author Topic: Some Company are holding more than 10000 Bitcoin  (Read 1250 times)
SmokerFace
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February 18, 2021, 05:33:11 AM
 #161

I knew that the greater part of the organization is putting resources into bitcoins. However, I didn't know they're contributing that much.
Allow more organizations to put resources into bitcoin, so it assists with fluctuating the bitcoin's worth.
I imagine that is the primary motivation behind why bitcoin is currently higher than $20,000 and is giving a positive indication. However, I am apprehensive about what will occur if all the organizations sell their coins all at once? Isn't it impact the bitcoin's worth, and it goes down?.

And the highlight is that bits with shades of gray and micro-strategies may not buy, but rather accept from large players, exchanging them for stocks or their own derivatives in order to legitimize the crypt after all taxes and fees have been paid. This could be a step forward towards future industry regulation - no one wants to prove to Fatf and the banks where the $ 100 billion crypt came from and what money it was bought for.

I am happy by observing such measure of bitcoin that organizations are holding. I believe that bitcoin has a bright future, and now nobody can stop its development. For me, they're the genuine financial specialists who help to support the bitcoins market. I hope more organizations consider bitcoin and contribute to it. The government ought to likewise think for digital money, and they should feel that how bitcoins can assist with improving the economy.
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February 25, 2021, 08:12:40 AM
 #162

If there more companies holding Bitcoin, that means the price will surely get higher in the future. This also means, that Bitcoin will become one of the top currency worldwide in terms of top 5 currency I guess. What do you think? Moreover, if there's company holding 10k Bitcoins it means, they believed that Bitcoin will definitely increase big this year of 2021.

Isn't that is the most compelling motivation why bitcoin is siphoning? perhaps yes. Since every one of these organizations holding the greatest measure of bitcoins and I personally think about how to show long been they're holding it. I figure these organizations did profoundly contribute to bitcoin's market and now we're seeing the value ATH. What about their government? what will occur on the off chance that they come to think about such holding? They should keep it secured and shouldn't reveal it in public
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February 25, 2021, 10:35:36 AM
 #163

When you see these figures and the likes of Tesla and MicroStrategy are not included in the list plus there are rumors some of these big companies are still buying or going to buy the when people mentioned 1BTC will cost $1 million you should not doubt it, the good thing about these companies is that they are not like a retail investors that move their BTC to exchanges every time there is a price action

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February 25, 2021, 10:49:03 AM
 #164

It definitely helps the price to go up because those are famous companies but sometimes I'm wondering what's their ultimate goal by holding that big amount, it can greatly affect the market once they sold it. They can take profit anytime causing for small holders to panic sell. It's even an opportunity for them to buy again at that moment. Early adopters of bitcoin will be afraid to buy again if they can do that. Their wealth gets bigger as the value of bitcoin increases.
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February 26, 2021, 09:35:09 AM
 #165

I knew that the greater part of the organization is putting resources into bitcoins. However, I didn't know they're contributing that much.
Allow more organizations to put resources into bitcoin, so it assists with fluctuating the bitcoin's worth.
I imagine that is the primary motivation behind why bitcoin is currently higher than $20,000 and is giving a positive indication. However, I am apprehensive about what will occur if all the organizations sell their coins all at once? Isn't it impact the bitcoin's worth, and it goes down?.
Although I think there are lots of companies like the ones mentioned in OP hold Bitcoins and some hidden ones must also be holding a good amount of bitcoins but I also think that a lot of companies must have sold a big part of their bitcoins so the mentioned companies might actually not hold as much as mentioned.

Bitcoin price is so high because adoption has increased because when these big companies buy bitcoins, they also attract some small investors. When Tesla said they are accepting Bitcoins, I am sure a lot of people would have bought bitcoins for the first time, not to buy the car but because everyone gets interested what asset is it that the biggest car company Tesla is accepting now.

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February 27, 2021, 08:01:59 AM
 #166

It is clear that large companies are buying bitcoin and other cryptocurrencies to insure their capital from inflation. Also of the banking system that is obsolete, it is the beginning because traditional finance will migrate to digital and decentralized finance from cryptocurrencies.
Perhaps you will be as proud as I was to have discovered bitcoin and cryptocurrencies because we are ahead of the future.

Noctis Connor
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February 27, 2021, 10:22:32 AM
 #167

It is clear that large companies are buying bitcoin and other cryptocurrencies to insure their capital from inflation. Also of the banking system that is obsolete, it is the beginning because traditional finance will migrate to digital and decentralized finance from cryptocurrencies.
Perhaps you will be as proud as I was to have discovered bitcoin and cryptocurrencies because we are ahead of the future.
It is really clear sometimes there are into the news that most of their profit from their company is going into bitcoin investment  no one or single people can invest high percentage of bitcoin why? because they not even a billionaire like other's but most of the companies owner believing that the crypto currency is the future this is the biggest impact that happened in bitcoin history now we are all looking forward people are optimistic no one can blame it coz as what you said people are proud that they knew bitcoin too even me because of my profit help's me with my financial needs.
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February 27, 2021, 11:34:26 AM
Merited by The Sceptical Chymist (2)
 #168

It is good to say that those companies were very interested and realized the future potential of bitcoin. What is clear is that the more bitcoin holder in large numbers, the higher the price, which mean that there are fewer bitcoin circulating on the exchange.

According to the CMC site, currently only 89% of the bitcoin supply is in circulation and the rest may have been frozen due to user error. This will of course result in a higher level of scarcity and we will see price continue to rise. The bullish are still not over despite the current correction, but we won't be surprised if the price will hit a new ATH again.

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February 27, 2021, 03:57:20 PM
 #169

It is an advantage for us traders if there are some companies who hold so much amount of bitcoins. In this way, the more holders , the lesser the circulation of bitcoins will be. In this case, the price of bitcoin will increase in a period of time. So let them hold as much as they want. And for us' small time traders, just keep patience on holding ours.
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February 27, 2021, 05:45:52 PM
 #170

It is an advantage for us traders if there are some companies who hold so much amount of bitcoins. In this way, the more holders , the lesser the circulation of bitcoins will be. In this case, the price of bitcoin will increase in a period of time. So let them hold as much as they want. And for us' small time traders, just keep patience on holding ours.

The thing is the more we hold bitcoins for ourselves to save it for the future and do not use it as an active currency to pay for something the less people get to know what this currency actually is. The consequences of it is that the info about bitcoin will not be spread and it won't be popular enough.

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February 27, 2021, 05:53:35 PM
 #171

It is an advantage for us traders if there are some companies who hold so much amount of bitcoins. In this way, the more holders , the lesser the circulation of bitcoins will be. In this case, the price of bitcoin will increase in a period of time. So let them hold as much as they want. And for us' small time traders, just keep patience on holding ours.

you are right. This price works for us. As corporate purchases arrive, it becomes more difficult for the price to fall. As long as institutions do not sell, we continue to maintain certain levels.
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