RUMOUR: Facebook will announce they hold #Bitcoin

[davis196]

What's the point of discussing rumors?
Facebook either owns Bitcoins or it doesn't.The truth will be revealed,when they post their balance sheets.
I don't think that this will boost the Bitcoin price.It might bring back the hype for a while,but it will be only short term.
Who the hell is Alistair Milne and does he have any insider information about Facebook owning Bitcoinsor Satoshi sending his BTC to a burn address?I think that he is most likely speculating or lying about this information.

[molsewid]

Maybe it is still a rumor, a thing like this is not new for some persons who keep on spreading rumors without any evidence, he doesn't even input some source for that news so basically, he just created it without any valid proof. Maybe we just need to wait for the official announcement of Facebook if they are going to buy bitcoin or not but if this is true then it would give a positive lookout for the value of bitcoin and for the crypto community.

I agree that people should see valid proof before believing in this rumor. It is still a rumor until they finally announce or post any evidence that will support the rumor. Since no official announcement from Facebook, then it is still a rumor. I'll be one of the people who will support Facebook to join in Bitcoin. We all know that a lot of people are using Facebook, if it happens then more of people will recognize bitcoin and possible will give good value of bitcoin and for other crypto community.

[rdbase]

What's the point of discussing rumors?
Facebook either owns Bitcoins or it doesn't.The truth will be revealed,when they post their balance sheets.
I don't think that this will boost the Bitcoin price.It might bring back the hype for a while,but it will be only short term.
Who the hell is Alistair Milne and does he have any insider information about Facebook owning Bitcoinsor Satoshi sending his BTC to a burn address?I think that he is most likely speculating or lying about this information.

I agree with you there.
Besides, as the news about tesla yesterday shows, corporations who do decide to hold an asset (this is all they see it as from the very start) do what is in the best interest of the stock holders of their companies and not what the markets are doing.
Even if they do, who cares.
They will sell it off on a whim when the price is right to do so,
At what their stock holders are wanting to do and dump it all at once if they want them too.

[icopress]

Also, Facebook showed anti-Bitcoin behavior in the past, they banned any ads that contain words Bitcoin or crypto on their platform.

If my memory serves me correctly, Facebook did carry out such anti-advertising activities, but they were not aimed at Bitcoin, but only at banning ICOs and other similar unethical ways of extorting money from ordinary people. It's all about the jurisdiction, and the influence of the SEC, as Twitter and Medium have taken the same position as Facebook with regard to advertising allegedly cryptocurrency projects. And don't forget that there are still many great projects that benefit from this anti-ad policy, since such measures only strengthen the credibility of crypto companies with real infrastructure.

[uneng]

Sure. Many companies hold bitcoin.

I agree. Facebook isn't a transparent and fair brand and even not revealing this information I doubt if they don't hold a portion of bitcoin in secret.
With so many big corporations nowadays adopting bitcoin, I believe a FOMO wave is created, especially among these giants, so no one wants to stay behind and miss the opportunity. At same time, many are too proud to admit the adoption in public, also because they badmouth the crypto currency in the past (or still do it in the present).

[stompix]

Hasn't the last RUMOUR about the crash that was retweeted endlessly taught anything?
We've had thousands of those already, don't you realize this is just some people coming up with stuff so they can't more followers.

What happened with Oracle? Oh, wait!
https://cointelegraph.com/news/bitcoin-price-sheds-5-after-oracle-keeps-quiet-on-4b-btc-allocation-rumors
How did that madness started, surprise, also from a tweet about rumors!!!

[Fortify]

As one user commented, "I hope not, the companies that hold #bitcoin will probably survive the upcoming inflation."

What do you think?

I am starting to think that Bitcoin will become a toy for the super rich and largest corporations, with many low level buyers priced out of the market. On the one hand it is good for current holders who see the price go up, but on the other hand if we see more adoption like Paypal - where they buy large amounts and then only allow it to be "redeemed" within their restricted ecosystem, then eventually there will be none left outside. Lots of these companies are only interested in hitching up their brand to whatever is popular at the moment, or have a load of spare funds and an owner able to manipulate more buyers like Tesla. For people who genuinely want to see Bitcoin exist long into the future resembling what it is today, this could be bad news.

[bbc.reporter]

The rumor pumped bitcoin to $56k 2 hours before Facebook’s submission of their quarterly report to the SEC and dumped when it was released with not a mention of bitcoin hehe. This is only another bitcoin maximalist who is larping.



Facebook’s quarterly SEC filing has no mention of Bitcoin, let alone of a Bitcoin purchase, defying market expectations.

For a few days leading up to Facebook’s earnings reported today, there was talk that the world’s most famous social network was about to purchase billions of dollars in Bitcoins: those rumors turned out to be precisely that – just rumors.

Source https://cryptopotato.com/massive-btc-price-volatility-as-facebook-apparently-didnt-invest-in-bitcoin/



@Fortify. Agreed. Michael Saylor and other institutional investors might also have influence on bitcoin’s roadmap for the future because they can threaten a dump.

[acener]

It is just a rumour let them enjoy it and think what they want.
But sometimes rumours could have a huge effect just like this one.
Buy the rumours sell the news, Then cry later on for what you lost.
When would people learn to check some facts before believing what they see or hear?
This is the problem for most of the newbies they easily believe anything that they see or hear.

[ilovealtcoins]

As big companies enter the crypto race, Facebook has to act so that it doesn't fall behind. Rumors about Facebook investing in Bitcoin have not been verified, but the effects of the news have caused Facebook's shares and Bitcoin's value to rise slightly (a few percent).
I believe more companies will invest in Bitcoin and bring Bitcoin to $ 100K by the end of the year according to experts' prediction.

[Shasha80]

As big companies enter the crypto race, Facebook has to act so that it doesn't fall behind. Rumors about Facebook investing in Bitcoin have not been verified, but the effects of the news have caused Facebook's shares and Bitcoin's value to rise slightly (a few percent).
I believe more companies will invest in Bitcoin and bring Bitcoin to $ 100K by the end of the year according to experts' prediction.

Actually, if Facebook is proven to be holding Bitcoin, it will not be a surprise because I believe that sooner or later Facebook will follow
in Tesla's footsteps. But for now I find it hard to believe the rumors because there is no official statement from Facebook yet, but I hope
the rumors are true. In order to help the price of Bitcoin go up to $ 100k, because for Bitcoin to reach a price of $ 100k it takes several
companies investing in Bitcoin.

[Anonylz]

I think i saw a link regarding that news in one of telegram group i follow, someone shared it, although never bother to open and read full content but it has to do with facebook buying btc or so,
if thats true i think it is a huge news again for btc, since facebook intention to have their own token has been onhold i guess they can be part of the space with holding btc,
actually was expecting facebook to make the move long before now, after the paypal annoucement was expecting the news will come from fb, the big players seem to be showing off now,  all the same, they are welcome onboard.

[NeverSop]

The thing that I am most interested in from facebook so far is Diem (Libra) and it has not officially announced the process of releasing to the world community about this work.  And I want to see, the impact it has on bitcoin or public psychology instead of being interested in these news.  They have holdings of bitcoins they won't need to publish to get curious, get noticed 

[isaac_clarke22]

Not gonna buy that just yet.
It is still a rumor so...
However if it turned out to be a legit and factual, I won't be surprised. I haven't heard of their coin Libra quite a while now. I am not sure if it even succeeded as a project or not.

[acroman08]

sad to say it seems that facebook's earnings report didn't show that they are holding bitcoin. I guess the rumor wasn't true after all. it would have been fun to see the reactions it would have made if the rumors were true.

Not gonna buy that just yet.
It is still a rumor so...
However if it turned out to be a legit and factual, I won't be surprised. I haven't heard of their coin Libra quite a while now. I am not sure if it even succeeded as a project or not.

check the several previous posts above yours. their earning report has been posted already and articles have been posted regarding it.

[Kakmakr]

It is one thing announcing that you invested in Bitcoin or any other Crypto currency, but it is a whole other thing if they say.."We are planning to accept it as a currency on our platform in the future" .........now that will be great.  

Lot's of large companies are buying Crypto currencies, like Tesla.. but they are doing this..because they are seeing it as an investment with high yields... (We need them to start accepting it as a currency and incorporating it into their technology as a payment option)  

Facebook Market place neeeeds Bitcoin.... demand it!

[finaleshot2016]

Tesla buying Bitcoin made sense, because Elon Musk is quite an eccentric guy, but I just don't see Facebook doing something like this. When Tesla disclosed their BTC purchase, their stock fell a few percents immediately, I'm sure Facebook wouldn't want to risk such thing.

Also, Facebook showed anti-Bitcoin behavior in the past, they banned any ads that contain words Bitcoin or crypto on their platform.

I don't believe they are anti-bitcoin; I believe they have blocked advertising related to cryptocurrency because of the scam giveaways that have spread throughout the site. Yes, stocks have been decreased but the counterpart of it is they've gained in the crypto market.

It's a big risk for their business; consider that their bitcoin profit was nearly $101 million. Of course, Elon Musk is well aware of his actions and the consequences; I doubt they made this crypto investment on the spur of the moment.

So it's possible that Facebook will do the same thing, with proper asset planning.

[Slow death]

[...]

I don't understand much about law, nor am I a lawyer or a law expert. but it seems to me that what Alistair did can be considered a "market manipulation" crime or am I wrong and delusional? because he didn't even mention the source of the rumor. it was a very bad move on his part, so his reputation will be questionable on a day that he posts something big and that is true people will not believe him.

who is surprising me Is Tom Lee, he managed to get his forecast right, from $18000 and $25000, but it is strange that the price is at $50.000 and he is gone. has not yet appeared to make a new forecast

[slaman29]

I agree with you there.
Besides, as the news about tesla yesterday shows, corporations who do decide to hold an asset (this is all they see it as from the very start) do what is in the best interest of the stock holders of their companies and not what the markets are doing.
Even if they do, who cares.
They will sell it off on a whim when the price is right to do so,
At what their stock holders are wanting to do and dump it all at once if they want them too.

Exactly. All that companies do are for the interest of their profits, and most importantly, how to protect those profits. And the moment they decide it's Bitcoin is good news. And if they do sell it anyway, it's also good. It just keeps demontrating how easy it is to store value in Bitcoin and how easy it is to liquidate the BTC at a good market rate. Can't just dump gold

[abel1337]

I agree with you there.
Besides, as the news about tesla yesterday shows, corporations who do decide to hold an asset (this is all they see it as from the very start) do what is in the best interest of the stock holders of their companies and not what the markets are doing.
Even if they do, who cares.
They will sell it off on a whim when the price is right to do so,
At what their stock holders are wanting to do and dump it all at once if they want them too.

Exactly. All that companies do are for the interest of their profits, and most importantly, how to protect those profits. And the moment they decide it's Bitcoin is good news. And if they do sell it anyway, it's also good. It just keeps demontrating how easy it is to store value in Bitcoin and how easy it is to liquidate the BTC at a good market rate. Can't just dump gold

When the bear market comes, The company that is here for the profits is the one that makes the bear market deep. They can easily add to the bull runs hype and add fuel to the bear who is dumping, I can say that they can do small manipulation in the market as they want. Though this can help the cryptocurrency community to grow by making the company an influence to gather new crypto users.