Lucky you do not sell to blackrock

[Baofeng]

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.

You're right, I'm not saying that I'm a strong hands or something, needless to say though, that we are not bothered as to what is going on behind. All we want to do is to continue to accumulate.

If ever those who have big capital was able to buy, then good for them. The best opportunity for us is during the bottom last year of $15k. But in any case we see $20k-$24k for this year then that is still a big opportunity, in my opinion. The name of the of game right now is long term.

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[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.

...xxx...
The best opportunity for us is during the bottom last year of $15k. But in any case we see $20k-$24k for this year then that is still a big opportunity, in my opinion. The name of the of game right now is long term.

One thing is that only the strong hands also take advantage of the lowest. Some people who are fetish will believe there is a spirit that accompanies bitcoin. If at the end of today, bitcoin goes down to 15k, you will be surprised that the majority of the people will rather panic and sell off rather than accumulating. This is especially people whose money in Bitcoin has been budgeted for future expenses. It is in bitcoin the adage of the rich becoming richer is practicalized!

[SOKO-DEKE]

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.

Yes, that is true, but not everyone has the persistence to reach their goals. Some people are easily confused by how the bitcoin market reacts, especially when the price of bitcoin drops sharply. Many new investors rapidly worry and believe something bad may happen.However, some people sell up their Bitcoin holdings at a loss because, in some cases, they may need the money to deal with certain issues, and if they don't, they are left without a solution. If they have good reasons for doing so, however, I don't believe they should feel bad about it.infact some people are not only holding Bitcoin for only profit but also holding it to spend it.

[Wiwo]

Yes, that is true, but not everyone has the persistence to reach their goals. Some people are easily confused by how the bitcoin market reacts, especially when the price of bitcoin drops sharply. Many new investors rapidly worry and believe something bad may happen.However, some people sell up their Bitcoin holdings at a loss because, in some cases, they may need the money to deal with certain issues, and if they don't, they are left without a solution. If they have good reasons for doing so, however, I don't believe they should feel bad about it.infact some people are not only holding Bitcoin for only profit but also holding it to spend it.

The fact that we have weak hand in Bitcoin goes a long way to point to why we have those characteristics as you mentioned because most of those that sell their Bitcoin whether due to funds and panics or personal needs are all doing so because of their inability to resist the urge to of selling or have the liquidity that there can rely on when the need to spend raised.

The major challenge in this is that the seller will never leave to regret not holding for a longer time and this can be prevented by making adequate financial plans that can help cover up for situations such as this.

[bettercrypto]

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.

As far as I know, Blackrock is a large company that has large holdings of Bitcoins. Although others are wondering when the value of Bitcoin will plummet one day and suddenly its price will pump up in the market.

And because Blackrock has done this, a lot of speculation has come out, some say that the SEC already knows this will happen and others say it is actually meant for preparation for the upcoming bitcoin halving or bull run, although next year it will happen, quite some time from now. But when it is approved, it is certain that the value of Bitcoin will have a rally in the market and that is in our favor, so not now or next year.

[adaseb]

This blackrock news is slightly bullish. Maybe when it’s actually approved we might get a rally but after the news came out the market barely moved. Then a few hours later there was a larger move and basically stalled right after.

Maybe if it’s approved and since it’s a spot etf, it might generate a rally because BTC would be taken off the market to supply the trust. However who knows when the decision will be made, could take many months.

[Lucius]

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.

It definitely makes sense from a risk position, although the public's perception (or at least some people) is that BlackRock will suddenly buy some crazy sum of BTC and thus start a big bull run. What remains to be seen is how the market would react to the first spot BTC ETF in the US (if approved), but a few days ago I saw one video showing that futures BTC ETF recorded a significant decline in 2022 and 2023 compared to the years before.

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.

This is probably the case, although it should always be remembered that past events do not guarantee that the same will happen again in the future. The only certainty that will happen is halving, but there is always the question of whether it can cause the same effects as it did in the past.

As far as I know, Blackrock is a large company that has large holdings of Bitcoins. Although others are wondering when the value of Bitcoin will plummet one day and suddenly its price will pump up in the market.
~snip~

As far as I know BlackRock doesn't own Bitcoin and it's not on any list of public/private companies mentioned in that context, but what makes you think that's the case is the fact that BlackRock owns a 6.76% stake in MicroStrategy which owns 140 000 BTC.

[el kaka22]

This is basically just what the whales love, and if you are asking why they are rich and you are not, this is why. They are smart, they see bitcoin going down and think that it is cheap to buy at this price, whereas there are many retail investors who see it go down, and they sell even more.

I think it is obvious that we are not going to see all that much change on the long run, it is going to be a profitable thing to hold bitcoin, sometimes you make a profit in a day, sometimes it takes years, but in the end we all do. This is why it is quite important to just have bitcoin and keep holding it, that's how you make a profit. I do believe that it will take a while before retail investors realizes this, but some of us at least are aware of it, hope more will get there.

[eightdots]

This is basically just what the whales love, and if you are asking why they are rich and you are not, this is why. They are smart, they see bitcoin going down and think that it is cheap to buy at this price, whereas there are many retail investors who see it go down, and they sell even more.

I think it is obvious that we are not going to see all that much change on the long run, it is going to be a profitable thing to hold bitcoin, sometimes you make a profit in a day, sometimes it takes years, but in the end we all do. This is why it is quite important to just have bitcoin and keep holding it, that's how you make a profit. I do believe that it will take a while before retail investors realizes this, but some of us at least are aware of it, hope more will get there.

As you said, we are aware of this situation and the number of people who are aware of it is increasing day by day.

They do this all the time and the individual investor always falls into this trap. There is no point in selling bitcoin unless there is an urgent need. There's a lot of news, but bitcoin is holding up. I can't understand what they saw, heard and sold their bitcoins. You want to buy a product in the market at a classically low price. So you need to lower the price first. This is what they are doing now.

Those who sell their bitcoins are trying to buy bitcoins more expensive than the price they sell in a short time. Don't sell and keep holding.

[KiaKia]

The micro strategy should have done the same thing if the reason they are buying Bitcoin was to dump back into the market, big companies that are accumulating Bitcoin are doing it for the long term, not because of the upcoming g bull market that many investors are waiting for, to dump their bags, these are longer time players, so is Black Rock and others that are on par in the same level.

It seems this is the beginning of Bitcoin adoption from Black Rock, maybe fast forward in the future, they will hold some percentage of the entire Bitcoin supply just like MicroStrategy.

Nevertheless, do not expect instant Bitcoin pumps, there is still a possibility that Bitcoin will lose to Bears and we go down in the short term, since the bulls have already lost control, 200MA is gone, and now there is only one way down unless there is a major event which reclaims that territory.

[Synchronice]

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.

There is a thing that I don't understand, these people buy high sell low and call it trading while trading is to buy low sell high. I don't really understand if someone is confident enough to think that Bitcoin's price will go down and sells coins, why not just short sell them? I don't understand if you are so confident, why should you not profit from loss, why do you just sell it.

Btw definitely this dip was a good time to buy, the price went down to almost 1/3 of its all time high and ATH always significantly increases after every halving. Meh, people make such a stupid mistakes, maybe the CEO of Ledger was right Just kidding.

[slapper]

This is basically just what the whales love, and if you are asking why they are rich and you are not, this is why. They are smart, they see bitcoin going down and think that it is cheap to buy at this price, whereas there are many retail investors who see it go down, and they sell even more.

I think it is obvious that we are not going to see all that much change on the long run, it is going to be a profitable thing to hold bitcoin, sometimes you make a profit in a day, sometimes it takes years, but in the end we all do. This is why it is quite important to just have bitcoin and keep holding it, that's how you make a profit. I do believe that it will take a while before retail investors realizes this, but some of us at least are aware of it, hope more will get there.

The point about BlackRock snapping up BTC during a price slump is a clear 'buy low, sell high' case. This isn't tough stuff, yet many small-scale traders do the reverse.

Your thought that the rich grow richer because they're "smart" might be an oversimplified view. It's not just smarts; it's about the resources, the intel, and the strategic play. Big fish like BlackRock possess deep pockets and top-notch info, helping them steer through the choppy crypto seas with ease.

Holding onto bitcoin could pay off in the long term, but this approach requires immense patience and a strong nerve for market swings. The real issue isn't just about the perks of holding; it's about whether the average Joe can handle the rollercoaster ride.

[Lucius]

There is a thing that I don't understand, these people buy high sell low and call it trading while trading is to buy low sell high. I don't really understand if someone is confident enough to think that Bitcoin's price will go down and sells coins, why not just short sell them? I don't understand if you are so confident, why should you not profit from loss, why do you just sell it.

What I can tell you from what I've heard from a lot of people over the years is that at least 9 out of 10 people still suspect Bitcoin is some kind of internet scam and every time the price goes down they panic and start selling. Of course, over the years, some have understood the rules of the game and started acting a little more responsibly, but the flow of new people is constant, and they obviously want to learn from their own mistakes, although they are of course the most expensive.

Btw definitely this dip was a good time to buy, the price went down to almost 1/3 of its all time high and ATH always significantly increases after every halving. Meh, people make such a stupid mistakes, maybe the CEO of Ledger was right Just kidding.

I believe what I've heard and seen, and he and his people obviously feel that most of their users aren't intelligent enough to write down 24 words on paper and keep them safe. I'll just say that for anyone who isn't able to do that, Bitcoin is definitely not something they should invest in.

[Unbunplease]

In my opinion, the major exchanges are aware of manipulation. Perhaps most exchanges have one behind-the-scenes owner and are run from a single center - they operate too synchronously. We see the official owners - but the real owners are always behind the scenes. So we should not trust false moves and make rash actions on emotion.

[Agbe]

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 smile ooo!!! When I see the thread I remember Nigeria crude Oil. The marketers in Nigeria sell the crude oil in a cheaper rate and buy it back as fuel in a high price. So the customers at the receiving side. But for bitcoin selling it at this time is a choice to make. If they don't want to buy it at that time, it is not by force. Exchanges are also buying now so they will still sell it when the bull will start. So they will still make profit from other sources.

[Ojima-ojo]

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 smile ooo!!! When I see the thread I remember Nigeria crude Oil. The marketers in Nigeria sell the crude oil in a cheaper rate and buy it back as fuel in a high price. So the customers at the receiving side. But for bitcoin selling it at this time is a choice to make. If they don't want to buy it at that time, it is not by force. Exchanges are also buying now so they will still sell it when the bull will start. So they will still make profit from other sources.

This is the most sarcastic example ever, comparing bitcoin to crude oil prices is something that may be hard to connect since Bitcoin is a decentralized asset, but the crude oil price is centralized and the government set the price for each local crude and also the government decides which market their want to sell their crude vs what the quality of the crude oil is because that is what also determine the price of the crude product.


So this is far from what is obtainable with Bitcoin because no one decides the price of Bitcoin since Bitcoin is in a free market and demands are what determine the price of Bitcoin, so whether or not the price of Bitcoin is high or not, it is left for the holder to decide whether to sell it or continue holding.

[BitcoinTurk]

This blackrock news is slightly bullish. Maybe when it’s actually approved we might get a rally but after the news came out the market barely moved. Then a few hours later there was a larger move and basically stalled right after.

Maybe if it’s approved and since it’s a spot etf, it might generate a rally because BTC would be taken off the market to supply the trust. However who knows when the decision will be made, could take many months.

We can say that this news has been a bit of an opportunity for the revival of the cryptocurrency markets which have been acting somewhat hesitantly lately. Anyone who has following the cryptocurrency markets, especially over the past few years, has consistently seen a lot of news about Bitcoin ETF's but many applications are often quickly rejected. This time I think the situation is a little different because Blackrock is quite strong, has achieved everything it wants and has various advantages such as having a say in the markets.

Of course, it is very difficult to make a clear comment about the application process but I think that there will be no waiting period for a few months for the decision of this application process. Since this company in this situation I think it will have an impact throughout the approval process and this process will not take long.

[Hamza2424]

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.

Really?
How?

I did hear that BlackRock is applying for the spot ETF, Recent dump in the market made a really bad impact on the holders and weak hands sold I know that but it was not a major sell in the market. The cyclic market moment is really awesome you get the opportunity to buy & sell (if you know your entry and exit points). I was reading the Glassnode analysis report today and I found a completely opposing thing to your topic stance which is people are converting their Bitcoin accumulation to the illiquid supply, means they are buying and moving it to their personal wallets.


⚫ Non-Liquid Bitcoin supply = 78%+
⚫ Liquid Supply on Exchanges= 11%+

[Ahli38]

After in 2018 BlackRock's CEO, Larry Fink, had stated that their client showed no interest in the crypto space at that time, but Larry Fink himself actually considered that Blockchain technology was very important. and actually after that they learn it. And now they're proposing a Spot Bitcoin ETF. All I can say is they've actually been interested for a long time. it was just that they were indeed more cautious and chose to study it carefully. (Sourch)

And apart from Blackrock, there are actually other big companies that have started to show indications of their interest in the crypto space and of course in Bitcoin ETFs too. That company is Fidelity. because well big companies like this do choose a safer way of investing their money.

So I don't think it's about Blackrock buying Bitcoin. It's just that because these big companies are starting to get into the realm of crypto, of course the market must be excited by news like this. And yeah we are still in a little bullish period at the moment. But of course it's still in a decent area for long-term accumulation. and basically a strong hand wins and a weak hand doesn't necessarily lose but they only take a small advantage. DYOR

[Gyfts]

Larry Fink on Bitcoin: https://twitter.com/APompliano/status/1676697692636868615

Refers to it as an international asset and a hedge against asset devaluation.

The comments on the above tweet are particularly ignorant and I will address it here -- regardless of what you think of Larry Fink or Blackrock, it is a great news for Bitcoiners if the asset management firms adopt crypto currency into their portfolios. They manage assets to the tune of trillions of dollars. Their adoption of Bitcoin into their portfolios makes crypto more valuable and decentralized assets make Blackrock less powerful as an entity. Everybody wins.