Lucky you do not sell to blackrock

[Not your key not your BTC]

A few day ago blackrock happy was buy cheap many btc in the market. Now, you are regret to sold it to big company which will be resold back to you with high price in the next years.

[1714774626]

1714774626

[Nwada001]

Next year is too far away; it's already happening right now. The price has bumped up a little bit down from yesterday, with at least a whole $1k already added to it. Those who sold at 24–25k are already to be considered regretting their action right now.
But why sell to a company when you can sell individually or to an exchange? Why does Blackrock not go into an exchange to buy instead of buying privately from individuals? Was there some kind of discount or something?

[tabas]

A few day ago blackrock happy was buy cheap many btc in the market. Now, you are regret to sold it to big company which will be resold back to you with high price in the next years.

I don't want to pressure those that have sold their bitcoins earlier. There could be some circumstances that they're facing and that's their very option which is to sell.

But why sell to a company when you can sell individually or to an exchange? Why does Blackrock not go into an exchange to buy instead of buying privately from individuals? Was there some kind of discount or something?

I think of what he's trying to say is in general of those who have sold and these whales are the ones who will take it. Regardless of where you sell it, it goes to the market and these are the takers which is BlackRock is one of them.

[bitmover]

A few day ago blackrock happy was buy cheap many btc in the market. Now, you are regret to sold it to big company which will be resold back to you with high price in the next years.

That is not their business model. They are not traders

Blackrock will be custodians of the BTC in an ETF. They make money through administration fees, which will range from 0.03% - 2%, depending on the product.

They are not selling BTC to us. This is not how they make money.

For example, take a look here, SP500 etf:

https://www.blackrock.com/us/individual/products/239726/ishares-core-sp-500-etf
Fees as stated in the prospectus
Expense Ratio: 0.03%

[retreat]

A few day ago blackrock happy was buy cheap many btc in the market. Now, you are regret to sold it to big company which will be resold back to you with high price in the next years.

I'm not too sure that they will buy a large amount of BTC, given that they are not an investment firm interested in the bitcoin investment business. But that does not rule out that some of the top managers at the company or their employees took this opportunity to increase their bitcoin investment. Because after all, the average employee at BlackRock is an individual interested in a wide variety of investments, and it's possible that most of them invest in Bitcoin.

[Wiwo]

A few day ago blackrock happy was buy cheap many btc in the market. Now, you are regret to sold it to big company which will be resold back to you with a high price in the next years.

There will always be those that sell off their asset no matter what the future looks like and this set of people are just short-term spectators or hunters who are in for just the gain but if the price of the asset dropped significantly their easily get panic and sell at cheap rate then move on the next one not minding what the value of their sold coins will or have become.

[Broly46]

that is so deceiving. btw blackrock launch etf is very bad news to me.

what you think is blackrock launch to buy xxx

in fact what I think is blackrock launch to sell you xxx

when blackrock launch etf, they basically sell btc to you, also they are the house now, another bad news is they dilute the btc supply heavily with their paper bitcoin, all but just bad news. blackrock not gonna buy yours btc btw, they rather selling something non existing for something that existed.

[Beparanf]

A few day ago blackrock happy was buy cheap many btc in the market. Now, you are regret to sold it to big company which will be resold back to you with high price in the next years.

Blackrock is not buying Bitcoin on exchange. They are buying OTC which doesn’t give impact on the price or else we are already on the 100K mark price if institutional investors is buying on the exchange. They are buying on a market price or discounted price in bulk order OTC. So they technically don’t purchased our Bitcoin but they acquire exchange reserves Bitcoin for a market price.

The part when they will sold back to our liquidity correct unless they will find another institutional investors that willing to purchase their holdings.

[khiholangkang]

A few day ago blackrock happy was buy cheap many btc in the market. Now, you are regret to sold it to big company which will be resold back to you with high price in the next years.

Blackrock is not buying Bitcoin on exchange. They are buying OTC which doesn’t give impact on the price or else we are already on the 100K mark price if institutional investors is buying on the exchange. They are buying on a market price or discounted price in bulk order OTC. So they technically don’t purchased our Bitcoin but they acquire exchange reserves Bitcoin for a market price.

The part when they will sold back to our liquidity correct unless they will find another institutional investors that willing to purchase their holdings.

That's true, although I do not really understand the mechanism of this ETF is applied, but Blackrock does not buy Bitcoin spots into their bags to be traded.
Even so, but the positive news brought Bitcoin to reflect the price, now really above $ 26+K.

And I think that Bitcoin moves to continue to rise upwards, and form a strong price level again at $ 26K, but it looks like I doubt it will last a long time, because the binance case is still not finished, and that will be an indicator of movement at the price of Bitcoin.

[franky1]

A few day ago blackrock happy was buy cheap many btc in the market. Now, you are regret to sold it to big company which will be resold back to you with high price in the next years.

blackrock has been buying bitcoin for years
as long as users were happy when they sold their coin(at profit) then there is no problem

what i see as a problem is where blackrock is lobbying regulators to set up barriers of entry to make it difficult to purchase bitcoin direct (EG harder to open a coinbase/binance account to buy bitcoin because of all the hurdles needed to register with coinbase/binance) but instead have it too easy to open a blackrock account and buy their silly shares pegged at bitcoin prices. where blackrock owns the bitcoin stored in coinbase but users cant then redeem shares for bitcoin either.
and where if you buy a share for say a 2024 peg of say 0.025btc. in 2025 its pegged at 0.0245btc in 2026 its pegged at 0.024 and so on. the longer you hold the shares the less sats its pegged at

[Dr.Bitcoin_Strange]

A few day ago blackrock happy was buy cheap many btc in the market. Now, you are regret to sold it to big company which will be resold back to you with high price in the next years.

It's normal to sell, depending on the situation and the person's decision, but the act of selling wrongly occurs when the person decides to sell because of panic or the pressure of price volatility. In a normal sense, a Bitcoin investor is only supposed to buy Bitcoin if they are fully convinced that they can hold it for a very long time until they make some profit, instead of selling when the market is down, which can cause them to lose some funds from their original asset. But well, everyone has their own decisions, and the truth is that, after a bull market, comes a bear market too. So anyone who doesn't buy now should wait for another bear market and hope that the price can get low like the previous best season.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[NeuroticFish]

Next year is too far away; it's already happening right now. The price has bumped up a little bit down from yesterday, with at least a whole $1k already added to it.

While you've noticed correctly the quick recovery of the price, I will tell you a secret: next year is not too far away. And exactly that's why (next year is halving year, you know), the corporate traders (buyers) may be hungrier than in the past 2 years.
Also, for the sake of your long term sanity, start thinking on longer terms, else the daily price movements will affect you, sooner or later (especially if you also hodl a little).

[Not your key not your BTC]

I will tell you a secret: next year is not too far away. And exactly that's why (next year is halving year, you know), the corporate traders (buyers) may be hungrier than in the past 2 years.

Wow, thanks for telling me a secret. I just know that, that not in vain if I hold my little btc on my non-custody.

I will fight that corporate, I won't sell my btc for them. never!!

[cryptomaniac_xxx]

I will tell you a secret: next year is not too far away. And exactly that's why (next year is halving year, you know), the corporate traders (buyers) may be hungrier than in the past 2 years.

Wow, thanks for telling me a secret. I just know that, that not in vain if I hold my little btc on my non-custody.

I will fight that corporate, I won't sell my btc for them. never!!

It's hard to fight them, that's why they are called whales, you can go against them in the open sea.

Perhaps the best thing to do is swim with them, in every price drop, do what they do, buy and continue to accumulate as much as you can. They are definitely hungrier, and they have the capital to scoop as much as you can. But for us average joe, we can also do that as well, and buy where our money can get us and then HODL and wait for the next bull run (2024-2025).

[NeuroticFish]

I will fight that corporate, I won't sell my btc for them. never!!

I think it could be wiser to sell (some) at some (much later) point, to allow you an easy life. But it's your money (in your own custody, which is very good), so it's clearly up to you.

It's hard to fight them, that's why they are called whales, you can go against them in the open sea.

Perhaps the best thing to do is swim with them, in every price drop, do what they do, buy and continue to accumulate as much as you can. They are definitely hungrier, and they have the capital to scoop as much as you can. But for us average joe, we can also do that as well, and buy where our money can get us and then HODL and wait for the next bull run (2024-2025).

It's only hard to fight them if your hearth starts beating harder at every small movement the price does. Imho it's not worth it. Just zoom to see much longer periods of time, buy in crypto winter, sell (if at all) in FOMO bubble (even if not at the top), and in the rest of time just sit back and relax. Then the whales will no longer be able to touch you.

[michellee]

I will tell you a secret: next year is not too far away. And exactly that's why (next year is halving year, you know), the corporate traders (buyers) may be hungrier than in the past 2 years.

Wow, thanks for telling me a secret. I just know that, that not in vain if I hold my little btc on my non-custody.

I will fight that corporate, I won't sell my btc for them. never!!

That's good if you don't want to sell your Bitcoin now and will not sell it to the company's traders. But when the price goes up high and you want to sell it, you won't know who bought your Bitcoin, especially if you sell your Bitcoin on an exchange.

And the company's traders can buy Bitcoin from other people, especially those who are panicked to see the price drop, which happens often. I suggest you don't need to think about that because you better think about how to accumulate more Bitcoins now.

Collecting a lot of Bitcoin will be an advantage for you because you can get big profits next year or when the price of Bitcoin goes up. So it's better to just think about that than to think about the company's traders or negative news about Bitcoin.

[Lucius]

A few day ago blackrock happy was buy cheap many btc in the market.

Where did you get such a conclusion from? The fact that BlackRock has submitted a request for a BTC ETF does not mean that it will suddenly start buying BTC, and considering that it is a spot ETF, the SEC has so far rejected every such request, and the deadline in which they have to make a decision is 240 days.

Now, you are regret to sold it to big company which will be resold back to you with high price in the next years.

I don't know who you are addressing with this post, but you obviously don't know how trading works - not all people in the world are exposed to the US market, nor do they sell through CEXs. I didn't sell anything, and I believe that most of the forum members didn't sell anything significant these days - in fact, I think that many took advantage of the dip and bought BTC.

[fillippone]

A few day ago blackrock happy was buy cheap many btc in the market.

Where did you get such a conclusion from? The fact that BlackRock has submitted a request for a BTC ETF does not mean that it will suddenly start buying BTC, and considering that it is a spot ETF, the SEC has so far rejected every such request, and the deadline in which they have to make a decision is 240 days.

I tend to agree.
Also, Blackrock wouldn't be buying Bitcoin even if that ETF had been approved.
The point of an ETF is to be balanced for the issuer. Such structures operate in a risk-neutral way: money in from the customers, money out to buy Bitcoin. There is no need to front-run the customers trying to profit from directionality.

[teosanru]

A few day ago blackrock happy was buy cheap many btc in the market. Now, you are regret to sold it to big company which will be resold back to you with high price in the next years.

This actually is a normal market phenomenon these big giants will always enter the market at these crucial points when no one is buying and everyone is ready to sell. They take advantage of the FUD and an average retail investor will unnecessarily sell its holding to these companies because of the huge fuzz they will create about how bad bitcoin is. I won't be surprised if they only first manipulated the market to this dump we saw in last few days.

[rby]

I didn't sell anything, and I believe that most of the forum members didn't sell anything significant these days - in fact, I think that many took advantage of the dip and bought BTC.

Exactly mate!
The majority of the people in the market now are strong hands and I don't think that anyone who understands the bitcoin market will be selling at this time. What actually I'm looking for is slight opportunity to top up and I saw it at 24k.