Destroying Bitcoin

[Amejoaquim]

I don't think so, i think Tesla really care about bitcoin and from my opinion it's very hard to manipulate bitcoin.

Bitcoin it's a free market like other investment and when some people want to buy in big amount, it doesn't really matter.

[Kong Hey Pakboy]

The big companies are buying bitcoin and manipulating the market. one day they will start to sell all bitcoins and we will have a very big shock. imagine that you think that crypto is your enemy, if you want to destroy it, first you will buy as much as you can, you will make the market goes up, after you will sell all coins and you will destroy the market, take money of small investors and make them hate the crypto.

when i saw a company buy big amount of coin, i afraid.

Your logic is weak because those companies don't have the same strategies when it comes to their investment. of course, some will win and some will lose. you just need to choose the right timing to sell yours. You cannot stop this kind of thing from happening and most of all there's no such thing in the investment where you won't ever lose. Of course, If they wanted to hold their BTC when the price is quite high, then they are free to do so, and when they chose to hold it for long they have completely free to do so as well.

That's true. Not all big companies will do have that kind of strategy, but if they did, us individual investors should not be afraid. They are in the same standing as us. Do they know when will bitcoin fluctates? or when will the correction ends? At the end, we are all holding our bitcoins without knowing the definite price of bitcoin in the future. No one controls it, that's for sure. Not any name, organization.

[Mr.sprin]

I think they buy bitcoin with a lot of size is not the goal to destroy bitcoin maybe they think in the future bitcoin can be the best asset and they don't sell all their bitcoin assets not for sale but they keep it and they barter with bitcoin what do you think, is You agree with me?

[shane_gr]

The big companies that bought bitcoins bought it to trade with it, not to destroy it!If they do that,the bitcoin market will not be hit.

Why?

Because a large share of Bitcoin is in the hands of people like you and me who will manage the market, and these companies seem to be strong, but the main power of Bitcoin is in the hands of the people who have made up the majority. I dont worry about that day,Because I know that selling a bitcoin by a company will not hit the bitcoin market.

[Karartma1]

I think it is almost a no-brainer to invest in bitcoin considering that every major world currency is devaluating both against it, and naturally as all fiat currencies are doomed to lose their value on the long run. Bitcoin is like gold for nation states: new Fort Knoxes will be digital and will be based on our digital currency.

[cryptomaniac_xxx]

The big companies are buying bitcoin and manipulating the market. one day they will start to sell all bitcoins and we will have a very big shock. imagine that you think that crypto is your enemy, if you want to destroy it, first you will buy as much as you can, you will make the market goes up, after you will sell all coins and you will destroy the market, take money of small investors and make them hate the crypto.

when i saw a company buy big amount of coin, i afraid.

The bigger the market, the harder it to manipulate in my opinion. There could be whales that can move the market, but with so many players, manipulation could be a thing of the past now. And those companies doesn't think that bitcoin is an enemy, on the opposite they saw it as a friend, Tesla for example has  bitcoiin "as solid reserve asset for any balance sheet". So it's very hard to us to think that they are just going to sell it to make profit. So stop being afraid of something that doesn't exists.

[jamesde]

As for anything that can be feasible, bitcoin will not happen for now, even if critics might guess that bitcoin could hit its zero value.

I only see that bitcoin may destroy for a possible reason if that happens.

1) People stop investing in bitcoin because they may have seen other better options in which to invest. From what I see, for now, it won't happen.

2) There is one virus that has crushed the cryptocurrency. Well, we all know that a virus is a virus, so we don't just say that some malware is powerful enough to kill the road bitcoin is walking on.

3) Perhaps there has been a miracle that all the people who invest in bitcoin sell their bitcoin all at once. As we know, the value of bitcoin movements depends on the investors.

[kryptqnick]

The big companies are buying bitcoin and manipulating the market. one day they will start to sell all bitcoins and we will have a very big shock. imagine that you think that crypto is your enemy, if you want to destroy it, first you will buy as much as you can, you will make the market goes up, after you will sell all coins and you will destroy the market, take money of small investors and make them hate the crypto.

when i saw a company buy big amount of coin, i afraid.

If Tesla truly directly bought $1.5 billion worth of BTC and then at some point decides to sell it all at once or very fast, it can indeed have a strong impact on the price (especially the FUD that would spread in the media in that case). However, this is nothing Bitcoin cannot recover from. It can trigger the burst of the price and Bitcoin losing more than a half of its current price, and then it might take a few years to recover once again, but I think it's not a likely scenario and even if something like that happens, it's not that terrible. I still think that $15k is a really good BTC price, so it would be fair if eventually Bitcoin goes down to it. Furthermore, even a big decrease of the price is not destruction of Bitcoin because Bitcoin survives and no coins are destroyed in the process.

[serjent05]

@OP, as if all those who bought Bitcoin are not into profit.  Why worry about things that will happen naturally (selling BTC at a profit).  I think this thing (selling of BTC) will happen to whoever holds it, may it be a normal investor or an institution.  As if the amount of supply of BTC is affected when an institution buys and sells it.  So worry not, BTC has a finite supply, so it does not matter who ever buy or sell it, as long as there is demand, I don't think the price will crash to oblivion if ever these institutions sell their holding.

[blckhawk]

The big companies are buying bitcoin and manipulating the market. one day they will start to sell all bitcoins and we will have a very big shock. imagine that you think that crypto is your enemy, if you want to destroy it, first you will buy as much as you can, you will make the market goes up, after you will sell all coins and you will destroy the market, take money of small investors and make them hate the crypto.

when i saw a company buy big amount of coin, i afraid.

Well, I can't deny they have the power to manipulate the whole market because the amount they hold can make a lot of difference. It is more like a double-edged sword wherein they can make an uptrend market if they buy a huge amount of coins and a downtrend if they started to sell-off. So yeah, it would likely cripple the market for a while. But it is no the end though if they sell because there will be few small investors, retailers, and strong believers who will take the opportunity to buy at a cheap price.

[arwin100]

The big companies are buying bitcoin and manipulating the market. one day they will start to sell all bitcoins and we will have a very big shock. imagine that you think that crypto is your enemy, if you want to destroy it, first you will buy as much as you can, you will make the market goes up, after you will sell all coins and you will destroy the market, take money of small investors and make them hate the crypto.

when i saw a company buy big amount of coin, i afraid.

Don't be surprised since it normally happens that's why you should have a safety point on your capital so that you will not lose all your money in a single blink only. Maybe better for this situation is to invest a 50% since if everything's goes bad you have another amount to used, but if market goes good then you can roll it more to accumulate more money.

[Slow death]

The big companies are buying bitcoin and manipulating the market.

after I saw Tesla buying lots of bitcoins, I also thought about what it will be like the day they decide to sell all bitcoins. Of course, they can use another means that does not destroy the market, but even so the news channels will say that they sold bitcoin worth X and will start selling panic. so far this is a very risky and manipulated market because any person of the caliber of Elon Musk.

If Facebook owner came to say they bought a lot of bitcoin? at the same time the bitcoin price would increase a lot. it is clear that both altcoins and bitcoin are still the target of this type of manipulation

one day they will start to sell all bitcoins and we will have a very big shock.

true, but this is a market so no one is prevented from buying bitcoins, the problem is with people who buy only because someone like Tesla said he also bought

Bitcoin market is hard to be manipulated, unlike the altcoins.

bitcoin is manipulated like altcoins. bitcoin price only reached $48,000 thanks to Elon Musk

Look this:

Lawyers warn Elon Musk’s Bitcoin tweets could attract SEC’s ire

[lovesmayfamilis]

A complete collapse of bitcoins can be assumed if all international banks begin to introduce competing means of payment and at the same time massively prohibit bitcoin itself. This is most beneficial for the regulators themselves since it is easier for them to accept their cryptocurrencies.
But it is naive to think that all companies that have invested their capital in bitcoin will start selling it overnight. Today, many understand the benefits of owning bitcoin, and according to Michael Saylor, CEO of MicroStrategy, an "avalanche of companies" is expected to add bitcoin to their balance sheets.

[davis196]

The big companies are buying bitcoin and manipulating the market. one day they will start to sell all bitcoins and we will have a very big shock. imagine that you think that crypto is your enemy, if you want to destroy it, first you will buy as much as you can, you will make the market goes up, after you will sell all coins and you will destroy the market, take money of small investors and make them hate the crypto.

when i saw a company buy big amount of coin, i afraid.

The Bitcoin price has little to do with the Bitcoin core blockchain.Even if the Bitcoin price drops back to 1K USD,the BTC blockchain will continue to exist and the Bitcoin price might recover.
Crashing the Bitcoin price doesn't mean destroying Bitcoin/blockchain.
I don't mind,if all the big investors and crypto whales start selling their BTC.A bear market would mean cheaper bitcoins for the small investors.

[Noctis Connor]

I think they buy bitcoin with a lot of size is not the goal to destroy bitcoin maybe they think in the future bitcoin can be the best asset and they don't sell all their bitcoin assets not for sale but they keep it and they barter with bitcoin what do you think, is You agree with me?

It's true as Elon Musk say crypto currency is for the people are it is the future of the world people now are optimistic even you say it will drop in the future it will still rises and no one can explain bitcoin future we just go on the flow even banks compete bitcoin they can't still bring it down if those companies sell their coins in the long run then bitcoin still the same because bitcoin started itself without them and it is decentralize as long as their a user it will run , example of tesla they bough bitcoin with there profit and when elon musk decided to sell it. let's say he can make small impact but doesn't mean bitcoin will gonna destroy and no one can manipulate the market.

[Bitcoinislife09]

The big companies are buying bitcoin and manipulating the market. one day they will start to sell all bitcoins and we will have a very big shock. imagine that you think that crypto is your enemy, if you want to destroy it, first you will buy as much as you can, you will make the market goes up, after you will sell all coins and you will destroy the market, take money of small investors and make them hate the crypto.

when i saw a company buy big amount of coin, i afraid.

I kinda have the same though but as long as I have bitcoin investment it's a good thing for now because companies are interested and also investing in bitcoin because it just makes the price skyrocket. But if the price of bitcoin continues to pump or skyrocket in the coming years it just getting riskier to keep your investment in bitcoin at some point you need to withdraw some of it or maybe convert it to stablecoin to secured that money. The higher the price the higher the chance it will fall apart in my opinion.

[mbe48]

I don't have that kind of thinking, the thing that makes Bitcoin price high is because of the support from big companies that have entered the Crypto market. If that statement you mentioned happened, I think competition will bring down the company too. Suppose the price of bitcoin is $ 1000, when company (A) buys a large amount which causes the price of bitcoin to rise to $ 5000, so if the company wants to sell it again must make a profit first. And if the company makes a big sale, at least the bitcoin price will return to its original price ($ 1000). That's in my opinion, if there is an error please correct it

[Bilgent]

The big companies are buying bitcoin and manipulating the market. one day they will start to sell all bitcoins and we will have a very big shock. imagine that you think that crypto is your enemy, if you want to destroy it, first you will buy as much as you can, you will make the market goes up, after you will sell all coins and you will destroy the market, take money of small investors and make them hate the crypto.

when i saw a company buy big amount of coin, i afraid.

Many people will sell eventually but it doesn't mean that it will be the end of Bitcoin. Destroying Bitcoin is not that easy and I even think that it's impossible. But when we see a huge sell, it will affect the price very deeply that's for sure. It'll go down very sharply most probably.

[rokon1234]

I think they knew how good the future of bitcoin and that's why they invested in bitcoin.I don't think selling their bitcoins will have a big impact on the price of bitcoin now.Because now bitcoin is at a very good level and no company would want to lose with bitcoin sales.so, i think it's not time to think about bitcoin distroy, it's time to buy bitcoin and hold for profits.

[Ebede]

I think that no one can destroy bitcoin because is a digital currency, saying anything concerning destruction of bitcoin, I don't think it's something that can work out, because considering that bitcoin regulate itself the chances of a particular group to destroy it is very difficult from my insight, I don't know for others that is having other suggestions concerning bitcoin destruction.