Will you sell your bitcoin to blackrock?

[dezoel]

There were actually people who buy a BTC and then sell it cheaply. They are the people who are lacking of patience and are also nervous. They think the price will dump more if they won't act quick. I don't think Black Rock is the only one that can set the price of BTC.

And I don't think that $100k first came from them. It was only the assumption of the public. Many even thinks it is high enough for BTC and it will be hard for it to achieve. So if let say it happens for real, will you still think twice if you will sell? Well go ahead and you might regret your decision, as the price can dump hard because many people are also waiting for it before they sell and it could take a long time again for BTC to recover.

[1715627549]

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[Faisal2202]

Imagine a situation where you own a house and a piece of land it's built on. You estimated the value of the whole thing to be $500k. One day someone knocks on your door and offers you $2m all of a sudden. Will you sell or suspect they know more than you? Maybe there's an oil deposit underneath your house? Maybe there's geothermal energy source? Maybe an international company has plans to build a facility nearby and will need your land for whatever price?

I will give it a second thought because my land that actually worth $500k and someone is giving me 2 mil for that same land will create doubt in my mind too. Either that would be suspicious like either the person or the offer is legit or not. Besides this, I would have the same thought also, but to overcome this hurdle I would do my analysis and will search out to other resources I will have to find out why they are giving me so much money for my less expensive land.

Once I find the answer I might not sell them, for example, one of my cousins lives in a city area and the land in front of them is worth around 30 lac (local currency) but that whole area become industrialized even the industries are far away from that land, but the owner of the land judged the people who brought the deal of that land of 2 crores. Once the owner found out that there land was worth that much due to this reason they decided not to sell and the last time I checked it was of 4 crore.

Will you simply give it away once someone hands you $100k, or decide that it's cheap and they know more than they're willing to share?

I got your main concerns here and they are really so legit that we all should learn this, if everyone is saying BTC will reach or at the least, it will cross $100k then most of the people will make some booking at this price tag but if the people are saying it will touch $150k then people will do the same at that price, but the real ones know that it has more potential than 1$100k or $150k, so they will not sell their lands (BTC) and will wait for the right moment.

[Hamza2424]

Haha, OP quite a mismatching concept dear, I cant relate to any of the situations but for the bitcoin obviously its not as if it started pumping and it will continue till the end of the day, market moves with swings, and I can sell at a reasonable price if there are market sentiments that I can later on buy on an even lower price.

If the market sentiments are highly bullish in that particular scenario I'll wait for my exit plan. Also, Op better make some improvements while making the post and example.

[EarnOnVictor]

Imagine a situation where you own a house and a piece of land it's built on. You estimated the value of the whole thing to be $500k. One day someone knocks on your door and offers you $2m all of a sudden. Will you sell or suspect they know more than you? Maybe there's an oil deposit underneath your house? Maybe there's geothermal energy source? Maybe an international company has plans to build a facility nearby and will need your land for whatever price?

I'm asking this because if the funds get approved all at once there will be a large pressure on bitcoin's price and supply is, as we all know, limited.
Nobody buys bitcoin to sell it cheaper, so if they offer you $100k, they think it will go higher. If they offer $1m it's again going to go higher according to them.
Will you simply give it away once someone hands you $100k, or decide that it's cheap and they know more than they're willing to share?

This is a very good question! Your question is very reasonable and insightful, and I must tell you that I had thought about this over and over before reading your post. But first, Blackrock will not offer you Bitcoin at a higher price, they will only offer an ETF service.

Well, it's good for people like us who were already in the investment environment before Bitcoin and cryptocurrency came in, we are not bothered. The ETF saga is not freaking us because we know the truth. The ETF in Gold and Oil can't be related with investors like the ETF in Bitcoin. Do you know why? Bitcoin is accessible informally, unlike Gold, Oil and others.

For instance, if I would like to partake in Bitcoin investment, I can easily open my wallet and fund it with my coins, and here we go, I continue to make money when Bitcoin's price is high and lose when it is low. What would Blackrock do differently? In addition, I will do this by not paying charges to any third party like Blackrock, so why do it under their custody? You know, in Gold and Oil, you can't just buy an ETF like that, you have to go through the dealing agents, which makes it different. ETF in Bitcoin is not a big deal for us, but more custodial capital for the company.

Now, tell me, why go through Blackrock? All the ETF events are not well viewed, which is why people see it as a big deal. Though a good step that Bitcoin and the Crypto industry in general are advancing.

[davis196]

Imagine a situation where you own a house and a piece of land it's built on. You estimated the value of the whole thing to be $500k. One day someone knocks on your door and offers you $2m all of a sudden. Will you sell or suspect they know more than you? Maybe there's an oil deposit underneath your house? Maybe there's geothermal energy source? Maybe an international company has plans to build a facility nearby and will need your land for whatever price?

I'm asking this because if the funds get approved all at once there will be a large pressure on bitcoin's price and supply is, as we all know, limited.
Nobody buys bitcoin to sell it cheaper, so if they offer you $100k, they think it will go higher. If they offer $1m it's again going to go higher according to them.
Will you simply give it away once someone hands you $100k, or decide that it's cheap and they know more than they're willing to share?

So you are trying to compare Bitcoin to a house? This comparison doesn't work me. My house is the place where I live. I'm emotionally attached to it. It will be really hard for me to sell my house, even if someone offers me a great price. I'm not emotionally attached to my Bitcoins, so there won't be any problem for me to sell my BTC at a bull run or even at ATH, because I know that bull runs are followed by price corrections and bear markets. I will most likely sell BTC at a bull run and buy back at a bear market.
There's no way Blackrock to offer me to buy my BTC in the real world. Big institutional investors simply don't work that way.
Blackrock might offer me to deposit my BTC in their hot wallets, so that they could "manage" them for me.
I would never agree to make such deposit.

[thecodebear]

Imagine a situation where you own a house and a piece of land it's built on. You estimated the value of the whole thing to be $500k. One day someone knocks on your door and offers you $2m all of a sudden. Will you sell or suspect they know more than you? Maybe there's an oil deposit underneath your house? Maybe there's geothermal energy source? Maybe an international company has plans to build a facility nearby and will need your land for whatever price?

I'm asking this because if the funds get approved all at once there will be a large pressure on bitcoin's price and supply is, as we all know, limited.
Nobody buys bitcoin to sell it cheaper, so if they offer you $100k, they think it will go higher. If they offer $1m it's again going to go higher according to them.
Will you simply give it away once someone hands you $100k, or decide that it's cheap and they know more than they're willing to share?

OP, there's buyers and sellers at every moment of every day. According to your logic nobody should ever sell or use Bitcoin because it'll continue to go higher long term.

Well, money is to be used. The vast majority of people who own bitcoin are going to want to use it at some point. Only people who might never use it are wealthy people for whom any Bitcoin they have is entirely unneeded and is just purely extra wealth that they will pass down for generations. Most people are going to sell when they want to. Hell I just sold a little bit last month to take a vacation and pay for a few other things.

Selling has nothing to do with Blackrock, and has nothing to do with not understanding Bitcoin's value and other people understanding its value better. By your logic nobody would EVER sell any investment ever because a buyer is always buying because they expect to make money, so your logic says nobody can ever sell any investment because the buyer is only buying due to an expectation that the price will be higher than you are selling it at. Which clearly makes no sense, because money is a thing people use. People sell when they want, every single second of every single day. It's not an issue. It's literally how markets work.

[darkangel11]

Haha, OP quite a mismatching concept dear, I cant relate to any of the situations but for the bitcoin obviously its not as if it started pumping and it will continue till the end of the day, market moves with swings, and I can sell at a reasonable price if there are market sentiments that I can later on buy on an even lower price.

If the market sentiments are highly bullish in that particular scenario I'll wait for my exit plan. Also, Op better make some improvements while making the post and example.

What improvements do you have in mind?
Just look at my post on the previous site. I tried to clear all the misunderstandings there instead of editing my main post that many people quoted in it's original form anyway.
An exit plan? Feels like talking to a trader, to be honest. I'm not a trader and I don't have exit plans.

This is a very good question! Your question is very reasonable and insightful, and I must tell you that I had thought about this over and over before reading your post. But first, Blackrock will not offer you Bitcoin at a higher price, they will only offer an ETF service.

I get it, but to offer an ETF service they have to hold bitcoin in custody, right? Also, they aren't the only fund applying and there was a new application filed just days ago, so we don't know the total number of ETFs that will function 2 years from now. I don't think there's enough bitcoin at sub $100k for them, not even close.

Now, tell me, why go through Blackrock? All the ETF events are not well viewed, which is why people see it as a big deal. Though a good step that Bitcoin and the Crypto industry in general are advancing.

Because many institutional investors are not like Microstrategy and cannot turn company funds into bitcoin and hold it, but they can hold regulated securities, so the only way for them to get bitcoin exposure is through an ETF. I'd call that a big deal, even if a handful of these companies decide to do it.

OP, there's buyers and sellers at every moment of every day. According to your logic nobody should ever sell or use Bitcoin because it'll continue to go higher long term.

If you my post on page 2, you'll see what I mean. I know how the market works, but I'm talking about a supply shock, not a personalized offer of a million OTC.
I'm talking about a situation where you see the demand is higher than ever and every day the asset appreciates, most likely due to institutional interest.

[aoluain]

I think I understand the analogy the OP is trying to make.

Here is my take on what the OP is getting at, If a Spot Bitcoin ETF, particularly the Blackrock
one we generally are assuming there will be a price hike based on simple supply v's demand
scenarios. If the price starts going up and some people sell their Bitcoin to realise profits
there is a very strong chance Blackrock will be buying those to fulfill its clients Bitcoin
investments demands.

Where does the similarities to the OP's Q's come in?

There might also be a very good chance that if you sell your Bitcoin ^{to Blackrock}
you might never be able to buy them back at least at the same price.

[BenCodie]

Your post makes it sound like BlackRock is buying Bitcoin personally...that's not the case. They're buying it from the open/free market and OTC with other institutions. If someone buys the Bitcoin that we are selling, we don't know how it is. Even if we can assume it was BlackRock, it doesn't make any difference

There are only two markets - the open/spot market, and the OTC market. It's unlikely you'll ever do an OTC with black rock directly and then be able to buy back for the same/less price instantly on-market. I wouldn't see the point in that either

[EleazarGH]

It's a tempting offer, but I'd be cautious. Selling Bitcoin to BlackRock at a high price raises suspicions. Would you sell, or do you suspect hidden value?

[Mate2237]

Op all depends on the quality not the House. From my country, $500k is a very huge amount of money and if one used that amount build house, that means the house would be one of the best in town and someone wants to offer you $2,000,000. Men that is a serious temptation. But if I am not selling the house at that time I will not take the offer because the stress to build another house to the standard level again, it will not be easy. So I will advise him to look for another land to buy.

But if your illustration is for Bitcoin. And I have spent $500k for Bitcoin and someone wants to but it with $2,000,000. Guy I will sell them and use #1,5,000,000 to invest again and use $5,000,000 to pay some bills. But your illustration and the purchasing of Bitcoin are two different storylines.

[GeorgeJohn]

The scenario you gave to us come to conclusion when you nothing of the important of the land, but a process whereby you something concerning the new development that is about to happen in that environment, I don't think that you will like to give out your piece of land when you have already gotten the basic knowledge of the stuff, so therefore it's when you know about of the future and it's when you will know the important, so what you just narrated is some of someone who don't know the important of what he have.

[KiaKia]

Any resources you found on your land belongs to the state, if you sell it then you are playing with fire, no one from the legal side will pay for anything, it's illegal if they offer too much money, and of cos it's certain that they found something valuable on the land, you should seek for help, because in some country you can get killed for nothing and they will take everything they want from the land.

I will probably take the deal if there is no house on the land, 500k is already a lot of money but $2 million? That's insanely high, I hope they find what they are looking for, I will take the money and use almost all to invest in Bitcoin, even with 100k I will have a better life ahead of me.

[Ravichnadra]

Selling Bitcoin to BlackRock or any entity depends on your financial goals, risk tolerance, and market conditions. Consider factors like market trends, your investment strategy, BlackRock's position, tax implications, portfolio diversification, risk tolerance, and regulatory considerations. Consult with a financial advisor for personalized advice based on your situation.

[leonair]

This requires a rational thinking, you have to think more than twice lol 

If I sell at the price of $100k/or$1 million to them can I still buy another one with that $100k/or$1 million ? If yes then I will sell to them and immediately buy  another. But if No then won't sell because surely nobody buys any thing to loss it always for profit reasons hence for that same reason wouldn't sell.

When bitcoin price made an ATH at 68k many people sold bitcoins and many bought bitcoins with a target of $100k but only bitcoins were not sold and if everyone only sold bitcoins then who would buy them? So the actual holders never want to sell Bitcoin no matter how much its price goes up.  And those who just want some profit sell their bitcoins when they pump up a bit from their purchase price. So it will be different for each person not same for all

[tbterryboy]

I do not think that they would be buying like that. It would be OTC, and they will deal with another company, or maybe directly with coinbase itself, and they will do their bidding. That way, they would constantly be buying at market price, but not make it go up, if you buy billions worth all at once, you would skyrocket the price and that's both good but also not good because you would pay a lot.

However, if you just put orders at market price, at all times, and do not make it go higher, and drop when it drops, up when it goes up then you could make it work. That will take a while, and when we are talking about billions, it may take as much as months, but it would definitely help people out and keep the price normal and would be great for blackrock as well.

[adaseb]

Blackrock won't be buying any Bitcoin from retail traders. There is a large OTC market and they can purchase large amount, without affecting the volumes, and we won't know until after the fact. There are tons of BTC that are owned by miners, MtGox, US Government, etc who would rather sell OTC than sell on the open market.

And eventually everyone will sell to Blackrock at a certain price, people won't hold it forever. If it hits $250K or $1M a coin, you won't sell some? Unless there is some hyperinflation going on and every currency is on brink of collapse, most will sell and reinvest in other assets like stocks or real estate.

[SquirrelJulietGarden]

The question is wrong.

The market has buyers and sellers and if I am a seller, I don't mind who are buyers will buy bitcoin from me. I set up a sell order with Limit order type and wait the market, buy orders, buyers to fill it for me. When my sale is done, it's done and I get stable coin or cash, I don't mind about buyers.

Black Rock, Grayscale or MicroStrategy, I don't mind about them or any big institutional investor from https://bitcointreasuries.net/

[Bananington]

If someone were to offer me more price value for some BTC I have well invested, I would like to know if such person has more knowledge than seen or is a broker or trader investor and you know there's gotta be a portfolio to prove due diligence.

I understand one thing so far though, and that's, any person who has a focused and DCAd plan to fulfil can be opened to an opportunity like this and be convinced of the sales of their BTC to even blackrock, should they come knocking.
Afterall, buying my BTC assets doesn't stop anyone from patronizing an exchange or trader or from completing a P2p transaction inorder to acquire some more BTC .

[kojektea]

it would clearly be suspicious why that person bid higher than the market price, even more than 2x. but if I was in that position I would obviously sell bitcoin even if the deal was $100k because if you think about it, we could buy it on the market again slowly, or invest it somewhere. because from the context I learned from this there might be price manipulation in the future, why would anyone dare to buy bitcoin at more than the market price. it definitely had something planned.