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Author Topic: Apple is buying Bitcoin  (Read 759 times)
Anish_Rocky (OP)
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February 09, 2021, 08:11:15 AM
 #1

News are coming that Apple is going to buy cryptocurrency.

Apple can surge another 25% by adding cryptocurrency services to its Wallet app, RBC says :
https://www.businessinsider.in/stock-market/news/apple-can-surge-another-25-by-adding-cryptocurrency-services-to-its-wallet-app-rbc-says/articleshow/80757342.cms
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February 09, 2021, 08:19:48 AM
 #2

Apple might* buy bitcoin. Although it's quite likely.

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February 09, 2021, 08:22:00 AM
 #3

News are coming that Apple is going to buy cryptocurrency.
I am sorry but I couldn't see that from the article you shared so please change the title of your thread as its misleading and kinda clickbait. It's just about speculation what would happen with Apple stocks if they decided to add cryptocurrency services to their wallet and that "Apple could supercharge its move into the crypto industry by buying $1 billion in bitcoin for itself, the analysts said, adding that it could attract more users to its Wallet-based exchange and likely lift bitcoin's price".

After news of Tesla investing 1.5 billion USD in bitcoin we are going to hear similar speculations about other top companies, building up a hype.


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February 09, 2021, 08:25:50 AM
 #4

This is still a speculation and this could be a misleading info. But if it ever comes to that, Apple will definitely be buying more bitcoin than expected. I really don't want to get excited about this kind of thing but since you can buy bitcoin in ApplePay, I think that this speculation will be going somewhere.
I bet the next step is Facebook&Whatsapp&Twitter etc integrating bitcoin into their platforms and make it a default payment method for stuff.
Facebook has Libra and I don't think Mark will be exchanging his project that is set to launch this year with bitcoin.

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February 09, 2021, 08:39:56 AM
 #5

News are coming that Apple is going to buy cryptocurrency.

Apple can surge another 25% by adding cryptocurrency services to its Wallet app, RBC says :
https://www.businessinsider.in/stock-market/news/apple-can-surge-another-25-by-adding-cryptocurrency-services-to-its-wallet-app-rbc-says/articleshow/80757342.cms
Apple not buying btc it is considering to add crypto trading to thier wallet. This is also going to be huge. Many Apple users will have direct access to trading.
More big companies will follow the suit. Elon mask has already announced tesla accepting btc soon.



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February 09, 2021, 08:48:14 AM
 #6

Misleading post title and false affirmation.
I suggest you to modify the title of this post or to lock the post since it is highly misleading version of a speculation of unconfirmed sources.
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February 09, 2021, 10:26:03 AM
 #7

First Paypal, now Apple, soon every other wallet is going to be adding BTC but the question for me will always be, if it's not a real Bitcoin wallet, then why should anyone bother? Paypal I get it, for US people hard to buy Bitcoin but apple users are probably already paypal users, right? Or am I missing something here.

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February 09, 2021, 01:30:26 PM
 #8

We all know Paypal has adopted Bitcoin, and prior to last weeks announcement VISA were
providing services by its card, last week they announced further interest in Bitcoin

Visa Signals Further Crypto Ambitions With API Pilot for Bank Customers to Buy Bitcoin


So who are their main rivals, Apple Pay, Google Pay and Mastercard, its just a matter of time
before there is news that any one of them are getting into Bitcoin

R


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February 09, 2021, 01:34:31 PM
 #9

News are coming that Apple is going to buy cryptocurrency.

"Apple shares can jump higher if the tech giant steps into the cryptocurrency market"

"Apple could supercharge its move into the crypto industry by buying $1 billion in bitcoin for itself"

So.. where's the proof that Apple is actually going to buy crypto? lol. None, because it's purely just theoretical. Quick reminder for everyone to actually read the articles being linked.

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February 09, 2021, 03:56:35 PM
 #10

Umm, to be honest with you, I am skeptical of this move by Apple. Maybe Apple might just be showing an interest but not really into something that would resort to actually buying Bitcoins. Apple has shunned cryptocurrencies for many years and it is strange to see that it is just showing an interest now. I might wonder if they buy one billion worth of Bitcoin and then after the hype will end up as a winner doubling or tripling their money because of that hype. Good strategy I should say.

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February 09, 2021, 04:06:11 PM
 #11

You spun an entirely different idea from what the article is stating.

It only states inference on the status of Apple if they accepted crypto; nothing about them buying bitcoin. This is disinformation, and while we really want to get the most people on board the bitcoin train as possible, we don't want to fool them by doing these type of posts.

But if Apple really opens up to the crypto market using their Wallet app, they aren't too far from actually getting some crypto for themselves. A lot of possibilities, but not realities until they actually pulled the trigger and do it.

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February 09, 2021, 04:07:05 PM
 #12

News are coming that Apple is going to buy cryptocurrency.

Apple can surge another 25% by adding cryptocurrency services to its Wallet app, RBC says :
https://www.businessinsider.in/stock-market/news/apple-can-surge-another-25-by-adding-cryptocurrency-services-to-its-wallet-app-rbc-says/articleshow/80757342.cms

This article is like analyst recommendation or perspective of what Apple Stock price will be it invest in bitcoin. Well, Apple is a very great company in the tech space, which we all know that the crypto and blockchain are part and parcle of the tech.

Apple has a history of performing better when it enter a new industry, like the iTune, when he entered the podcast industry, the Odeo Corporation could not continue due to the stiff competition.

If things go as they predicted that means that Apple would make good money for its sharholders.

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February 09, 2021, 04:17:49 PM
 #13

News are coming that Apple is going to buy cryptocurrency.

Apple can surge another 25% by adding cryptocurrency services to its Wallet app, RBC says :
https://www.businessinsider.in/stock-market/news/apple-can-surge-another-25-by-adding-cryptocurrency-services-to-its-wallet-app-rbc-says/articleshow/80757342.cms

Apple is not buying.

This is "the analyst" prediction that *if* Apple shares can jump higher if the tech giant steps into the cryptocurrency market.

While in the Tesla case we had an SEC disclosure that they *bought*.

If Apple indeed buy and disclose in the same manner, the hype will be huge, and Bitcoin will be easy $100k Cheesy

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February 09, 2021, 04:24:06 PM
 #14

Apple buying Bitcoin? Thats not what article implies, it just state that if the company will jump in crypto space or purchase Bitcoin it could spark another rally.

But one thing is for sure, more companies might follow after what Tesla did. The raise is on for companies to adopt Bitcoin and I think this could be the best year for Bitcoin due to huge volume of interest interest in every corner.
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February 09, 2021, 04:26:26 PM
 #15

As others have pointed out, Apple MIGHT be considering buying bitcoin.  This is a misleading title and should be changed.  Did you even read your own article posted?

Apple may very well add bitcoin to their assets, but I think it is more likely that they join the crypto space as PayPal did.  Apple Pay is obviously a massive platform where if they added buying and selling bitcoin, it could open up a whole new world of income opportunity and I believe they are more likely to do this before actually buying a bunch of coins...but of course this is all speculation right now.

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February 09, 2021, 04:52:35 PM
 #16


the article didn't have anything on it saying apple will buy BTC. we could speculate they will but until there is no word from jeff bezos, there ain't no good writing article for it. apple would be good if they are on the crypto side though. everybody is joining the crypto side, they should be we already have elon musk. Grin

As others have pointed out, Apple MIGHT be considering buying bitcoin.  This is a misleading title and should be changed.  Did you even read your own article posted?

Apple may very well add bitcoin to their assets, but I think it is more likely that they join the crypto space as PayPal did.  Apple Pay is obviously a massive platform where if they added buying and selling bitcoin, it could open up a whole new world of income opportunity and I believe they are more likely to do this before actually buying a bunch of coins...but of course this is all speculation right now.

Applepay could be a good platform like Paypal. user base they are not really big but if they could allow BTC, they may earn users especially if they allow withdrawing BTC.









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February 09, 2021, 05:38:56 PM
 #17

Apple is not buying.

This is "the analyst" prediction that *if* Apple shares can jump higher if the tech giant steps into the cryptocurrency market.
~snip~

I also found 2 news regarding this rumor. There has been no official announcement from Apple if it has bought Bitcoin. But if one day that happens, of course this is good news, more large companies believe that crypto will have a positive impact on its development in the future.
https://www.cnbc.com/2021/02/08/apple-may-be-the-next-notable-company-to-buy-bitcoin-rbc-says.html
https://www.bloomberg.com/news/articles/2021-02-08/apple-bull-suggests-creating-crypto-exchange-and-buying-bitcoin
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February 10, 2021, 05:31:59 AM
 #18

I'm more opted to believe that they're trying to make Apple believe that their stocks would go up if they bought crypto, but let's be real here, Apple ain't an idiot and I'm pretty sure they have their own analysts and whatnot. There's absolutely no need to do this nor predict this, since honestly, it'd probably just invite FOMO to those that are not really holding stocks of apple. Additionally, there isn't even an ounce of news that Apple IS buying crypto, it's more like the analyst just assumed that if Apple ever bought crypto, then they'd go stonks.

R


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February 10, 2021, 06:58:10 AM
 #19

It is a good thing that Apple is planning to buy bitcoin but they are still the scummiest company there is, removing features to their phone but says that it is revolutionary is the most bullshit statement ever and the funny thing is the fanatics swallow those lies like a good dog they are. If it comes to that point that Apple is going to buy Bitcoin for real, I think that we will be seeing a big pump in their stocks too because this will be another publicity for Apple. God, I wish that no one is supporting this scummy company, they exploit workers and they sell overpriced smart phones that can do the same thing as the most cheap good phones that are on the market.
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February 10, 2021, 09:09:53 AM
 #20

If we analyze the news, we will discover the following:

 - Apple has enough money and made a lot of profits, why do you need to buy bitcoin?
 - Regulators (SEC) will monitor Apple and it could face a lot of violations if this happens.


News like this makes me more optimistic that the price will soon collapse. Many people start out very positive when good news happens (FOMO & FUD.)
If Apple is planning to buy, no one will know until after they do it, although I rule out that it will happen soon.

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