Good or Bad - Blackrock Buying BTC

[Dunamisx]

Its always a good decision to be buying the more because its an investment, i will also applaud BlackRock on this because they have been consistence in their buying each time of the market season, maybe this could also serve a lesson to many who will only be investing on their belly with bottles of beer and expect the future to come in a divine and mysterious ways for them, maybe this is part of the reason why the rich will keep getting richer, we can also develop their kind of mentality if we must have a secured future with our investment which all begins with our decision made today.

[DanWalker]

So right now it seems the corporations want all of BTC. With Blackrock buying lots and lots of BTC. I consider this a catch 22 and a mix of good and bad.
What are your thoughts on this?

Sure for anyone who hodls  BTC and Blackrock buying more, value goes up. so it works for people already holding BTC.
Yet it makes it harder for others not in the market yet to buy more amounts , they will have to consider buying less now if on a budget.

Is this a case of too much too soon? or do you think Blackrock a good thing? thoughts?

Microstrategy CEO,  Michael Saylor was known to have bought some large volume of BTC some weeks back also and that was as at the time BTC was $72k price.
Am certainly not surprised about BlackRock doing same because as the halving is fast approaching this is how whales will get to acquire and control the market in months to come.
The purchase by BlackRock will sure increase the value of BTC making its price rise despite it taking a dip recently and we might see other large investors like big companies and corporations  acquire the spot exchange traded funds more in coming days too.

BlackRock acquisition is a good thing because it shows BTC still has worth and it doesn't stop those with the plan to DCA from starting our continuing because it is a strategy of investment that favours the small time hodlers or investors who don't have such huge sums like Michael Saylor or BlackRock do.

Is it really as good as you say? Blackrock or Microstrategy or Tesla are all bitcoin investors, which means they don't buy bitcoins just to hold them forever and not sell them. Have you ever thought about them selling all the bitcoins they accumulated to the market and what would happen then? It would certainly be terrible. In the past few days, when the amount of Bitcoin that Grayscale sold was greater than the amount of Bitcoin that ETFs bought, the price of bitcoin also decreased. And even a small amount of bitcoin can cause a decline, so if Blackrock sells a large amount, it will cause a huge panic in the market.

[EL MOHA]

Is it really as good as you say? Blackrock or Microstrategy or Tesla are all bitcoin investors, which means they don't buy bitcoins just to hold them forever and not sell them. Have you ever thought about them selling all the bitcoins they accumulated to the market and what would happen then? It would certainly be terrible. In the past few days, when the amount of Bitcoin that Grayscale sold was greater than the amount of Bitcoin that ETFs bought, the price of bitcoin also decreased. And even a small amount of bitcoin can cause a decline, so if Blackrock sells a large amount, it will cause a huge panic in the market.

Yes every sell from this big investors will definitely cause a market correction because of the excess supply they have. No investor that doesn’t know this, the market is of two phase the bearish and the bullish. So even if the blackrock decide to sell today which is logical it will still be a good thing because it means more buying opportunity and also a spread of the coin to other investors than them holding the junk of it. If one is scared of a drop then they should sell when they are in profit

[Alone055]

I don't see any reason why it can be bad. If you say that them buying a lot of Bitcoin will make it difficult for retail investors to buy Bitcoin then it's not true. They wouldn't buy every Bitcoin up for sale and people who are interested in buying at current prices can still make their purchases regardless of how many they or any other industry leader buys.

Individuals generally don't buy when the prices are a bit high while companies and firms like Blackrock can't wait for a better price because they need to have Bitcoin at all times for their customers.

[blckhawk]

The moment that institutional investors starters putting their money in is the moment that we never should've welcomed before, it's already too late for what we're expecting to be the result of this, we will eventually see what's going to happen next anyway, Blackrock's basically have an unlimited supply of money so I don't know if they're not going to use it to their fullest, they know that if they buy bitcoin, they can easily screw over the retail investors and we all know how good they are with that part, pretty sure that we're going to see that happen anytime soon, make sure to continuing hodling.

[uneng]

I don't see any reason why it can be bad. If you say that them buying a lot of Bitcoin will make it difficult for retail investors to buy Bitcoin then it's not true. They wouldn't buy every Bitcoin up for sale and people who are interested in buying at current prices can still make their purchases regardless of how many they or any other industry leader buys.

Individuals generally don't buy when the prices are a bit high while companies and firms like Blackrock can't wait for a better price because they need to have Bitcoin at all times for their customers.

This isn't the problem. The problem is that BlackRock will have too much supply of Bitcoin on their hands, what means their influence inside this market increases a lot, giving margin to price manipulation. They have already done it recently, crashing Bitcoin price right after the ETFs were approved by SEC. And that was just a sample, as they had potential to do a much deeper damage to Bitcoin.

It's never good news that whales are mass acquiring Bitcoins, as it will increase their power and decrease the participation of autonomous average investors in the total supply. Another example is the speculator Elon Musk who adopted BTC through his company Tesla, boosting BTC price considerably, but right after talked negatively about Bitcoin harming the environment, dumping Bitcoin price as consequence.

What these whales want is that Bitcoin becomes an hostage of their greedy financial goals.

[suzanne5223]

So right now it seems the corporations want all of BTC. With Blackrock buying lots and lots of BTC. I consider this a catch 22 and a mix of good and bad.
What are your thoughts on this?

BlackRock and other organizations in the BTC spot ETF space aim to be the major controllers of the market and there's no way they won't be sooner or later because some naive investors choose to invest in their spot ETF rather than making themselves responsible for their BTC holding through self-custodial.

Having said that, the organization's (BlackRock) accumulation of more BTC will increase the market greed level while the disadvantage is that the chance of market manipulation will increase and institution banks will be in charge of 99.6% of their service.

Sure for anyone who hodls  BTC and Blackrock buying more, value goes up. so it works for people already holding BTC.
Yet it makes it harder for others not in the market yet to buy more amounts , they will have to consider buying less now if on a budget.

Is this a case of too much too soon? or do you think Blackrock a good thing? thoughts?

The organization accumulation does not make it hard for anyone who wants to join the market and for the record, the US Government has an auction of Billion of dollars worth of Bitcoin and there's no way this auction will take place that it wont impact the market price.

[pooya87]

I think it's great news if Black Rock buys Bitcoin. I think if they buy bitcoins surely the price of bitcoins will increase, popularity will increase and it will be stronger.

If black rock company buys bitcoins and buys altcoins we do assume the price of all those coins will go up if so I will be very lucky here because I hold another coin besides bitcoin even though it is altcoin. I am sharing a picture here which I collected from a telegram channel. I am marking in red the two coins I bought.

I am sharing the picture here true false you can consider. But the coin I buy and hold after Bitcoin I expect to be very successful with this coin.

That's a token, not even an actual cryptocurrency and it is just another shittoken like thousands of others with no actual potential whatsoever. If you check out its chart you can clearly see that it also had its moment in the sun after its creation 3 years ago and it has been dumping ever since and staying dead until the recent fake hype with Blackrock that slightly pumped it.
The best one can hope with shittokens like this is to see some fake hype leading to small pump. They are never good for "investment" though. Just for very quick pump and dump.

[thecodebear]

So right now it seems the corporations want all of BTC. With Blackrock buying lots and lots of BTC. I consider this a catch 22 and a mix of good and bad.
What are your thoughts on this?

Sure for anyone who hodls  BTC and Blackrock buying more, value goes up. so it works for people already holding BTC.
Yet it makes it harder for others not in the market yet to buy more amounts , they will have to consider buying less now if on a budget.

Is this a case of too much too soon? or do you think Blackrock a good thing? thoughts?

I feel like this topic has been beaten to death already with all the ETF / Blackrock threads since this year and even going back to last summer.

But let's be clear. Blackrock is not buying! They are buying ON BEHALF of their ETF customers. People keep talking about ETFs like it is the handful of investment firms that are buying up all this Bitcoin. Yes, they technically are the ones buying, but they are doing it with customers money, on the behalf of customers. So it isn't Blackrock buying up all this Bitcoin, it's myriad investors in the TradFi markets that are buying up the bitcoin through the ETFs.


Secondly, "it makes it harder for others not in the market yet to buy more amounts"...well, that is the case anytime anyone buys Bitcoin. If you follow that line of thought, then nobody should ever buy bitcoin because it'll make it harder for other people to buy bitcoin, therefore nobody owns bitcoin and it is worth $0 and doesn't exist anymore.

There is no such thing as too much too soon. Bitcoin reached a mainstream global audience 7 years ago! So the average person has had 7 years to buy Bitcoin. It isn't the TradFi investors who are buying bitcoin through the ETFs fault that the vast majority of people still don't own bitcoin.

The purpose of Bitcoin is not for everyone to get a great deal on Bitcoin. It's a currency - the purpose is to own it and use it. Everyone is able to choose if and when they decide to buy Bitcoin. Everyone who has wanted Bitcoin before the ETFs opened up Bitcoin to the US TradFi world already bought it. The ETF buyers are market participants just like anyone else (though of course they aren't holding bitcoin itself but holding it purely as an investment through a financial product). The people who haven't yet decided to own bitcoin don't get some sort of preference to get to buy it before TradFi people lol. If they wanted to buy it already they would have.

[PrivacyG]

On the front it looks awesome.  You see some body purchasing a crap load of Bitcoin and it is making waves into the News and community too.  Could create a lot of FOMO as well.

But there are more negatives in my opinion.  The inside of this situation is rotten, opposed to how the front looks.  I can not take some body owning a HUGE chunk of the Total Supply of Bitcoin positively.  This can have dire consequences in the long term.

Sure.  Not all of that is theirs.  Only a very insignificant part of it.

But some body holding this much Bitcoin on their hands is still a very dangerous situation.  See Banks.  Are we not trying to run away from Banks and how they function?

Anyway.  Where there is money to be made, the big players will be present all the time.  This includes Blackrock.  So as much as I hate it, there is no where to run from this situation.  Fools will sell while smart people buy.  Unfortunately the big players never seem to become the Fools.

[Iranus]

Is it really as good as you say? Blackrock or Microstrategy or Tesla are all bitcoin investors, which means they don't buy bitcoins just to hold them forever and not sell them. Have you ever thought about them selling all the bitcoins they accumulated to the market and what would happen then? It would certainly be terrible. In the past few days, when the amount of Bitcoin that Grayscale sold was greater than the amount of Bitcoin that ETFs bought, the price of bitcoin also decreased. And even a small amount of bitcoin can cause a decline, so if Blackrock sells a large amount, it will cause a huge panic in the market.

Yes every sell from this big investors will definitely cause a market correction because of the excess supply they have. No investor that doesn’t know this, the market is of two phase the bearish and the bullish. So even if the blackrock decide to sell today which is logical it will still be a good thing because it means more buying opportunity and also a spread of the coin to other investors than them holding the junk of it. If one is scared of a drop then they should sell when they are in profit

When blackrock and large funds sell their bitcoins, there are also 2 cases that happen. Those who bought bitcoin at higher prices will see this as a bad thing as the market is dumped and they fall into losses. On the contrary, those who want to accumulate more bitcoin will see this as a great opportunity to own bitcoin at a cheap price. That's why I often say that everything has its pros and cons. The fact that we have a large amount of capital participating in the market is not 100% good or bad.

Our mission is to closely monitor market developments to come up with appropriate solutions to optimize profits, and that will depend on the mindset of each investor. Not everyone will win when investing in bitcoin, in the battle there will be winners and losers.

[Ale88]

So right now it seems the corporations want all of BTC. With Blackrock buying lots and lots of BTC. I consider this a catch 22 and a mix of good and bad.
What are your thoughts on this?

Sure for anyone who hodls  BTC and Blackrock buying more, value goes up. so it works for people already holding BTC.
Yet it makes it harder for others not in the market yet to buy more amounts , they will have to consider buying less now if on a budget.

Is this a case of too much too soon? or do you think Blackrock a good thing? thoughts?

I have mixed feelings as well but I think we should try to look at the bright side of this: having big funds like BlackRock etc on bitcoin's side instead of against, is going to reassure many people that bitcoin is actually something legit and not a scam. It could accelerate bitcoin's adoption. Of course I know that people who are buying the ETFs are (probably) not going to buy and use the actual bitcoins but this is all free advertisement at the end.

[krishnaverma]

Even now that the price of bitcoin is still below $70,000, there are people who are still unable to afford a whole bitcoin, which is never a problem and shouldn't be a problem.
 
Even if Blackrock and other financial institutions want to buy more bitcoin, the thing will still remain the same. You can only reduce the amount you will buy if the price goes all up, just as those who didn't buy when the price was below $30,000 have cut down their budget.
 
One thing you need to know is that the bitcoin price will always move up above where it is right now, with or without this blackrock purchase.

They are just helping the process speed up a little bit, but the bitcoin price is going to remain stagnant, so if you have money to buy, use the opportunity of seeing it at a low price to accumulate what you can.

But it can be a problem in future. They will be very powerful and will control prices in future. This will make it hard for future investors to come into the market.

However, not everything is bad about it. There is another aspect that Blackrock buying lots of bitcoins means that there will be more demand for bitcoin. It will mean that prices will grow which will benefit other small investors holding bitcoins currently.

[pooya87]

But let's be clear. Blackrock is not buying! They are buying ON BEHALF of their ETF customers.

And that's the problem right there! It is still Blackrock buying bitcoin not the customers. That means you can't go to Blackrock and demand they give you the bitcoins they bought on your behalf. And at some point they may not even buy any bitcoins with your money and yet take your money all the same...

[Ayers]

So right now it seems the corporations want all of BTC. With Blackrock buying lots and lots of BTC. I consider this a catch 22 and a mix of good and bad.
What are your thoughts on this?

Sure for anyone who hodls  BTC and Blackrock buying more, value goes up. so it works for people already holding BTC.
Yet it makes it harder for others not in the market yet to buy more amounts , they will have to consider buying less now if on a budget.

Is this a case of too much too soon? or do you think Blackrock a good thing? thoughts?

I have mixed feelings as well but I think we should try to look at the bright side of this: having big funds like BlackRock etc on bitcoin's side instead of against, is going to reassure many people that bitcoin is actually something legit and not a scam. It could accelerate bitcoin's adoption. Of course I know that people who are buying the ETFs are (probably) not going to buy and use the actual bitcoins but this is all free advertisement at the end.

Yes, we should look on the bright side because even if we disagree, we have no way to stop BlackRock or the big funds from buying bitcoin. And the fact that we always look at the negative side only makes us disadvantaged and does not bring us any benefits.

I also thought that when ETFs was approved, large funds would hold the majority of bitcoin and this would make bitcoin more centralized and easier to manipulate. But I know there's nothing else I can do to stop it, so I'll look on the bright side and use it as motivation to push bitcoin prices higher. I will take advantage of that to make bigger profits instead of trying to fight back desperately.

[Assface16678]

So right now it seems the corporations want all of BTC. With Blackrock buying lots and lots of BTC. I consider this a catch 22 and a mix of good and bad.
What are your thoughts on this?

Sure for anyone who hodls  BTC and Blackrock buying more, value goes up. so it works for people already holding BTC.
Yet it makes it harder for others not in the market yet to buy more amounts , they will have to consider buying less now if on a budget.

Is this a case of too much too soon? or do you think Blackrock a good thing? thoughts?

I have mixed feelings as well but I think we should try to look at the bright side of this: having big funds like BlackRock etc on bitcoin's side instead of against, is going to reassure many people that bitcoin is actually something legit and not a scam. It could accelerate bitcoin's adoption. Of course I know that people who are buying the ETFs are (probably) not going to buy and use the actual bitcoins but this is all free advertisement at the end.

Yes, we should look on the bright side because even if we disagree, we have no way to stop BlackRock or the big funds from buying bitcoin. And the fact that we always look at the negative side only makes us disadvantaged and does not bring us any benefits.

I also thought that when ETFs was approved, large funds would hold the majority of bitcoin and this would make bitcoin more centralized and easier to manipulate. But I know there's nothing else I can do to stop it, so I'll look on the bright side and use it as motivation to push bitcoin prices higher. I will take advantage of that to make bigger profits instead of trying to fight back desperately.

Yeah, have a point. Definitely, if big corporations hoard more bitcoin, its price will also increase as the demand goes up, but also, when there's a bright side, there will also be a shadow part or a bad part. For example, if blackrock really wants to buy all bitcoin, other investors will also not have a chance to buy their own, and if one company holds the majority of bitcoin,really wants to buy all bitcoin, other investors will also not have a chance to buy their own, and if one company holds the majority of bitcoin,really wants to buy all bitcoin, other investors will also not have a chance to buy their own, and if one company holds the majority of bitcoin,really wants to buy all bitcoin, other investors will also not have a chance to buy their own, and if one company holds the majority of bitcoin, if they decide to sell all their assets or just some assets, we will see a very big dip or movement in the market. But anyway, we will see what will happen in the market. As you've said, we can't stop them if they decide to hoard bitcoin. Crypto currency is a freedom, so we can't control or stop them. All we can do is also take advantage of that movement.

[Belarge]

If Black Rock saw the value that bitcoin has and decided to enter the game, of course this is very good... The more new money enters the market, the more bitcoin will increase in purchasing power.

Black Rock's customers are generally people who would like to buy bitcoins but don't know how to do self-custody or are afraid to use the network, it will open many doors in the market, it will be good for everyone. The bad side is that governments will try to make people only buy ETFs and not bitcoin on chain

Be careful and don't ever follow the footsteps of whales in the market, their single buy and sell order will definitely affects the price of that particular project. To be on the safer side, thoroughly make research and invest either for long or short term. Black Rock have the necessary initial capital to raise the targeted funds to pump bitcoin. This is almost bitcoin halving and anyone that invested early will have in mind of reaping the gigantic profits, atleast they should be wearing smiles on their faces.

[thecodebear]

But let's be clear. Blackrock is not buying! They are buying ON BEHALF of their ETF customers.

And that's the problem right there! It is still Blackrock buying bitcoin not the customers. That means you can't go to Blackrock and demand they give you the bitcoins they bought on your behalf. And at some point they may not even buy any bitcoins with your money and yet take your money all the same...

huh? That's not the case. Yeah you don't get the bitcoins, but you get the cash, when you sell the shares in the ETF. That's how ETFs work. Everyone buying a Bitcoin ETF knows thats how it works and they are choosing to do that. Nothing wrong with that. ETF customer buys shares of ETF and the ETF issuer uses that money to buy that amount of bitcoin on their behalf, ETF customer sells shares of ETF and ETF issuer sells that amount of bitcoin on their behalf, giving the customer the cash. Very straightforward. There's no problem with it.

My point was that people at least write in posts on the internet about these ETFs as though they think its the actual investment firms buying up all this Bitcoin for themselves (which in itself would also be perfectly okay because ANYONE can own Bitcoin, remember bitcoin is all about being open, no gate keepers, nobody deciding who can own what, etc) but of course its not, its the investors who are buying the ETFs. The ETF issuing investment firms are just the middleman, they have zero say in who buys and how much and who sells and how much. Blackrock doesn't matter at all, because it's not their money. All they get is a tiny cut for doing their middleman service.

[oktana]

I don’t think we should look who’s buying to determine if we will buy more or not. If you have the funds and want to invest, just do it. This is one of the problems with being a short term investor. You’ll be cautious not to step in at the wrong time and all of that. But if you’re investing for the long run, you don’t have to worry or fear because you believe that it’s just a matter of time before you make those gains.

[Marvell1]

... Fools will sell while smart people buy.  Unfortunately the big players never seem to become the Fools.

But they are just investors, they also need profits, and to get profits they cannot just buy, buy and never sell. So, there is nothing wrong or it would be foolish if someone decided to sell their bitcoins after they have reached their profit target. I bet you, sooner or later after collecting enough bitcoins and enough profits, blackrock will also sell their bitcoins, will you call them idiots then? Long-term holding always brings good returns for bitcoin investors but that doesn't mean we should never sell our bitcoins.