Lucky you do not sell to blackrock

[Uruhara]

A few years ago it seemed Blackrock didn't want to touch crypto but I think actually they have been interested for a long time. it's just that they're waiting for the right time to enter. And believe me if they accumulate bitcoin then they certainly won't make an announcement first. They will make an announcement of course after they finish buying. And actually I'm quite pleased with Blackrock proposing a Spot Bitcoin ETF. although it was rejected by the SEC. but re-submission seems only a matter of time. And we should be grateful that more and more of the world's giant companies are moving towards crypto.

[nur rochid]

well, that's the cycle for cryptocurrencies, so we have to be careful to choose the buying season and the selling season. if we sell at a bearish time, then big companies that see it as an opportunity will be happy to take advantage of that opportunity. until the time when they will hold on until they find a suitable price to let go. at least we have to learn from their mindset to take advantage of opportunities properly, so that if you have bitcoin on a large scale, then at least it has the power to move prices

[bayudndy]

well, that's the cycle for cryptocurrencies, so we have to be careful to choose the buying season and the selling season. if we sell at a bearish time, then big companies that see it as an opportunity will be happy to take advantage of that opportunity. until the time when they will hold on until they find a suitable price to let go. at least we have to learn from their mindset to take advantage of opportunities properly, so that if you have bitcoin on a large scale, then at least it has the power to move prices

Yes, the cryptocurrency market has its volatility, I see that our psychology is very volatile before price fluctuations and vice versa it is almost a string that connects everything together. Both new entrants and veterans have plans to enter the market and expect to be in a good position for their investments, no one expects them to lose money as soon as they buy them, but really I see only If we patiently believe in the market, making a profit is not difficult, and of course, starting to learn and research it should also be a top priority when starting things.

[fillippone]

Now that a few weeks have passed, and the ETF is incoming, I can see many did follow this advice:




Interpretation:
Nobody is selling to anyone.
Hodlers* are hodling

*I am referencing to a peculiar breed of holders here. As long term holders are those Who hodl for 150 days. Baby holders I would call them.

[DrBeer]

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.

Why worry? This is a market, this is a speculative market, this is a manipulative market...
You're not worried that you didn't sell Bitcoin at its peak in December 2017, April and November 2021? And aren’t you worried that you didn’t buy them “at the bottom,” for example, in December 2018 and March 2020, so that you could then sell them in 2021 for a big profit? This is a market, and the fact that Black Rock has money and correct forecasts, it just means that they either have information that we don’t have, or can afford it... for further manipulations

[avikz]

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.

Isn't that how the economy works? Especially for a volatile asset like Bitcoin? Obviously it does!

When a big company like BlackRock buys Bitcoin, they source it from the miners and not from the open market. So as a common people we do have zero control over the transaction. So there's nothing to regret.

If you have a long term vision for Bitcoin, start averaging your buying price from today onwards. Or there will be regrets later.

[Kakmakr]

This is unfortunately one of the things in the world that will not change, because money rule the world. BlackRock have US$9.42 Trillion in assets under management, so they can buy most of the bitcoins in circulation.. if they wanted to.... and people will sell it to them at a good price. 

The thing is, they do risk management with all their investments and will never buy that many bitcoins, because Bitcoin is a high risk investment. They have a very balanced portfolio of investment ....based on their clients portfolio.

What is your selling price? 

[Lucius]

Isn't that how the economy works? Especially for a volatile asset like Bitcoin? Obviously it does!
When a big company like BlackRock buys Bitcoin, they source it from the miners and not from the open market. So as a common people we do have zero control over the transaction. So there's nothing to regret.
If you have a long term vision for Bitcoin, start averaging your buying price from today onwards. Or there will be regrets later.

There is something fundamentally wrong with your calculation if we consider that Bitcoin miners currently cannot mine more than about 900 BTC per day (reward 6.25 per block in an average time of 10 minutes per block), along with the fact that for some 6 months, that reward will be reduced by 50%. This means that currently around 27 000 new BTC are created per month, but also that each miner sells only as much as he needs to cover the costs, and they keep a part like everyone else and wait for the right moment.

It may be true that we cannot influence when and how much BTC someone will buy, but each individual can at any moment say "my BTC is not for sale", and that means that we can influence the market and the price to some extent. In addition, Bitcoin has a much higher value than the one shown in fiat, because max supply is a fact that gives it that one extra value that nothing else that wants to compare with Bitcoin has.

Banknotes will always be printed, coins minted and gold and diamonds dug out of the ground, and in less than 10 years 99% of BTC will be in circulation, and even if someone wants to buy only from miners, they will only be able to buy very small and limited quantities.

[STT]

Its not that the gold mined is excessive its just that it can be expanded mechanically and has seen improvements from technology.   Demand will raise the mining resources from a higher price point justifying gold in higher cost mines.  BTC doesn't respond to a higher price in that way, it would do if it were left unguided but the difficulty adjusts to stop that occurring mostly.  That makes it alot different but gold price will still go up as supply is outmatched by demand probably, a new mine can take 10 years to find and establish.

$9.42 Trillion in assets under management,

Blackrock isnt fractional holding like a bank would vary its allocation as they feel like.  I dont believe Blackrock has themselves the ability to alter or leverage these holdings referred to, their discretionary judgement will be quite small.  We arent going to see 9tn come this way unless every person who deposited elected to have Blackrock switch over to BTC on their behalf by their own orders, the vast majority of people wont do this in 2023 or maybe ever and a new ETF doesnt especially alter that.