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Author Topic: Good or Bad - Blackrock Buying BTC  (Read 692 times)
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May 15, 2024, 04:28:22 PM
 #61

For people who have been holding BTC all this time, the presence of Blackrock buying more BTC will have a positive impact on holders because it will influence a very significant increase in the price of Bitcoin. Therefore, Blackrock buying more BTC will be good news for holders because they can get huge profits from the very significant increase in BTC prices.

There are assumptions they will buy up all the BTC, it's kind of a conspiracy theory really but they have a point in thinking that Blackrock is out to get all BTC and control the crypto industry. It's not far-fetched when you think about what Blackrock has been doing in the past. Blackrock buying BTC is good for the industry but for decentralization, I think it's not.

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May 15, 2024, 06:06:02 PM
 #62

There are assumptions they will buy up all the BTC, it's kind of a conspiracy theory really but they have a point in thinking that Blackrock is out to get all BTC and control the crypto industry. It's not far-fetched when you think about what Blackrock has been doing in the past. Blackrock buying BTC is good for the industry but for decentralization, I think it's not.
When all Bitcoin in circulation is bought by Blackrock, this will be very dangerous but it will also be a breath of fresh air for those who mine and hold Bitcoin when the price is still cheap. What makes it dangerous is that there will be an opportunity for Blackrock to control the circulation and price movements of Bitcoin on the exchange.

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May 15, 2024, 06:18:22 PM
 #63

When all Bitcoin in circulation is bought by Blackrock, this will be very dangerous but it will also be a breath of fresh air for those who mine and hold Bitcoin when the price is still cheap. What makes it dangerous is that there will be an opportunity for Blackrock to control the circulation and price movements of Bitcoin on the exchange.

Are you aware that the more they buy the higher the price will be, potentially scaling up to infinity? It's literally impossible for BlackRock to buy all bitcoin, even if people were willing to sell to them, but here comes another problem. Most people seeing buyers competing for their coins will be unwilling to sell, trying to squeeze as much money from them as possible, eventually surpassing million dollars per coin.

Let them buy, it's a free market. We'll see how much they really need it and how much they're willing to sacrifice to get it.

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May 15, 2024, 06:48:18 PM
 #64

For Bitcoin to attract institutional investors like Blackrock to come invest into it , What does that tell you, it tells you that Bitcoin is no longer a small investment digital asset, and In the aspect of liquidity it indeed a good thing Because Bitcoin needs liquidity for we to get where we are headed to ,that's seeing Bitcoin smashing that 100k level or more everyone has been hoping for ,But not just Blackrock only, also seeing other institutional investors getting into Bitcoin is something very interesting and of something that will become of much attention for anyone to get in when they've seen the category of investors such as Blackrock you've made mention.

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May 15, 2024, 10:27:39 PM
 #65

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?

Those institutional investors who have given support to the Bitcoin spot Etf can say that they will not really lose their interest to save bitcoin in their personal accounts. And take note that they always buy a small amount of bitcoin here. And Blackrock is already leading the way in this regard.

And if they will sell it, no one knows; maybe they have set a different amount of bitcoins to sell the others once they reach 100k$ each of bitcoins, in my opinion.



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May 15, 2024, 11:57:44 PM
 #66

Whether our opinions tells us that this is bad, we can't do anything with that. Before, we like to see them in the market together with us but many of them are skeptical about Bitcoin.

Now, they're here and note that they're not "all" here and soon the others will just follow them.

There's no way around in here but to be adaptable with the changes in the market and who's getting in and out. As a small investor, you need to be adaptable and be always updated with the trend.

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May 16, 2024, 04:02:00 PM
 #67

Whether our opinions tells us that this is bad, we can't do anything with that. Before, we like to see them in the market together with us but many of them are skeptical about Bitcoin.

Now, they're here and note that they're not "all" here and soon the others will just follow them.

There's no way around in here but to be adaptable with the changes in the market and who's getting in and out. As a small investor, you need to be adaptable and be always updated with the trend.

Well said, we can't do anything to stop them even if they have bad intentions when entering the market, so whether their participation is good or bad is not a matter of our concern. What we need to do is find ways to adapt to what happens when they enter the market with us.

I know there are many people who are upset and unhappy when large funds like Blackrock enter the market, but we should also make a fair assessment that blackrock buying bitcoin is not as bad as we think. We must admit that thanks to the bitcoin ETF and Blackrock buying BTC, bitcoin's popularity is growing at a faster rate. Everything has pros and cons, IMO.

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June 15, 2024, 03:26:09 PM
 #68

BlackRock buying Bitcoin can be a mixed bag. On the bright side, it legit adds credibility and can boost confidence among other big investors, making Bitcoin more mainstream. Plus, it could improve market liquidity, making it easier to trade.

But on the flip side, it might give BlackRock too much control, which could mess with prices. It also goes against Bitcoin’s vibe of being decentralized, concentrating power in fewer hands. And with big players involved, we might see more price swings and attract more regulatory heat. So, it's a mix of good and bad, depending on how you look at it.







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June 15, 2024, 03:30:32 PM
 #69

For people who have been holding BTC all this time, the presence of Blackrock buying more BTC will have a positive impact on holders because it will influence a very significant increase in the price of Bitcoin. Therefore, Blackrock buying more BTC will be good news for holders because they can get huge profits from the very significant increase in BTC prices.

There are assumptions they will buy up all the BTC, it's kind of a conspiracy theory really but they have a point in thinking that Blackrock is out to get all BTC and control the crypto industry. It's not far-fetched when you think about what Blackrock has been doing in the past. Blackrock buying BTC is good for the industry but for decentralization, I think it's not.



If they own all the BTC then what's the point of them holding it ? If nobody buys BTC then there is no value of it anyway.
You know, it's not that easy to buy all the BTC. I would say the word is impossible because a lot of bitcoin are already lost.
Whatever is present in the active circulation is owned by a lot of people and so getting hands on them wouldn't be a piece of cake.

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June 15, 2024, 05:11:34 PM
 #70

For Bitcoin to attract institutional investors like Blackrock to come invest into it , What does that tell you, it tells you that Bitcoin is no longer a small investment digital asset, and In the aspect of liquidity it indeed a good thing Because Bitcoin needs liquidity for we to get where we are headed to ,that's seeing Bitcoin smashing that 100k level or more everyone has been hoping for ,But not just Blackrock only, also seeing other institutional investors getting into Bitcoin is something very interesting and of something that will become of much attention for anyone to get in when they've seen the category of investors such as Blackrock you've made mention.
It is true that if Blackrock buys all bitcoins, it will be hazardous. But you said it would be cheap, do you know what it might cost? It will go up in price the more I buy. Not only Blackrock but other big institutions are coming forward to invest in Bitcoin. In such a situation, it is understood that Bitcoin will exceed 100 thousand. Please tell me what you think.



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June 15, 2024, 05:27:49 PM
 #71

When all Bitcoin in circulation is bought by Blackrock, this will be very dangerous but it will also be a breath of fresh air for those who mine and hold Bitcoin when the price is still cheap. What makes it dangerous is that there will be an opportunity for Blackrock to control the circulation and price movements of Bitcoin on the exchange.

If all Bitcoins are brought by Blackrock how come there are still people holding coins?
If Blackrock owns all the coins it can't control the price, it can only put a limit on how low they would sell, but who would be interested in buying centralized assets like you say it would?

Also it seems like almost everyone is forgetting something, Blackrock is not buying directly Bitcoins, Blackrock buys Bitcoins for the persons that invest in their ETF, if those sell their shares Blackrock will be forced to sell the coins also to pay them up.

Are you aware that the more they buy the higher the price will be, potentially scaling up to infinity?

Not necessarily, you also need extra demand for that besides Blackrock, and the moment you have a single entity owning half of the coins a lot of investors and more importantly users will start to have serious thoughts on further purchasing coins and not moving to a different coin. If the price would indeed keep on going up no matter what then there is no way BR would stop buying since with every buy the rise the value of their portfolio to the same infinity, right?


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June 15, 2024, 06:22:16 PM
 #72

Well, in the first place, there is nothing we can do if the Blackrock OP buys a lot of Bitcoin. The only thing that is worrying is that if they get the majority supply of Bitcoin, we will immediately see that they have the capability to really control it. the market.

But if only a balance happens, for sure they will not be able to control the market; it may only affect them, but they will also be able to recover immediately, although I know that this is impossible because of the expensive price that Bitcoin has now, although there is a retracement that is happening right now here in the market.



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June 15, 2024, 07:33:40 PM
 #73

As much as I know buying Bitcoin is not bad. If the demand for buying Bitcoin in Blackrok is so high then I do not see any big deal in it as long as I can successfully buy my Bitcoin where I am without any problem. There will only be a problem when there is difficulty in buying Bitcoin from my end. Maybe exchange shutdown, mining problems, or other factors as a result of the Blackrok buying which i unthinkable to happen.

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June 15, 2024, 07:49:03 PM
 #74

BlackRock buying Bitcoin can be a mixed bag. On the bright side, it legit adds credibility and can boost confidence among other big investors, making Bitcoin more mainstream. Plus, it could improve market liquidity, making it easier to trade.

But on the flip side, it might give BlackRock too much control, which could mess with prices. It also goes against Bitcoin’s vibe of being decentralized, concentrating power in fewer hands. And with big players involved, we might see more price swings and attract more regulatory heat. So, it's a mix of good and bad, depending on how you look at it.


How does owning some bitcoin give anyone control over the asset? How does owning 1% of the supply gives anyone too much control?
That's literally nothing. Saylor also aims to own 1% at some point. Even if corporations all together own 10% it's still nothing.

IMO the fact they want it is a great advantage. They're going to promote bitcoin worldwide and make people aware of its advantages over fiat money and gold.

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June 18, 2024, 03:05:26 AM
 #75

Well, in the first place, there is nothing we can do if the Blackrock OP buys a lot of Bitcoin. The only thing that is worrying is that if they get the majority supply of Bitcoin, we will immediately see that they have the capability to really control it. the market.
If this were to happen, it is worth noting that it is not only blackrock that would be considered a whale in the market. Many organizations, sometimes even just individuals, who own a tremendous amount of btc and any movement from them can cause a shift in price. Your btc is still your btc and they can't really do anything to directly control it.

They should be conscious of how their actions may affect the market and investors should be able to identify if it is only a whale moving or it is genuinely a reflection of how people perceive bitcoin.

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June 18, 2024, 04:12:41 AM
 #76

Well, in the first place, there is nothing we can do if the Blackrock OP buys a lot of Bitcoin. The only thing that is worrying is that if they get the majority supply of Bitcoin, we will immediately see that they have the capability to really control it. the market.
If this were to happen, it is worth noting that it is not only blackrock that would be considered a whale in the market. Many organizations, sometimes even just individuals, who own a tremendous amount of btc and any movement from them can cause a shift in price. Your btc is still your btc and they can't really do anything to directly control it.

They should be conscious of how their actions may affect the market and investors should be able to identify if it is only a whale moving or it is genuinely a reflection of how people perceive bitcoin.
We who are just small fish must know what the big fish want. and if we go against the flow without good skills then our struggle will be in vain. There's really nothing we can do apart from reading about opportunities to make a little profit. Let's imagine when Doge was taken to the moon by Elon, if we could read Elon's mind, of course we would have achieved financial freedom as an individual

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June 19, 2024, 04:05:01 AM
 #77

BlackRock buying Bitcoin can be a mixed bag. On the bright side, it legit adds credibility and can boost confidence among other big investors, making Bitcoin more mainstream. Plus, it could improve market liquidity, making it easier to trade.

But on the flip side, it might give BlackRock too much control, which could mess with prices. It also goes against Bitcoin’s vibe of being decentralized, concentrating power in fewer hands. And with big players involved, we might see more price swings and attract more regulatory heat. So, it's a mix of good and bad, depending on how you look at it.


How does owning some bitcoin give anyone control over the asset? How does owning 1% of the supply gives anyone too much control?
That's literally nothing. Saylor also aims to own 1% at some point. Even if corporations all together own 10% it's still nothing.

IMO the fact they want it is a great advantage. They're going to promote bitcoin worldwide and make people aware of its advantages over fiat money and gold.

Blackrock or Saylor may not have control over bitcoin, but their holding of 1% or 10% of the total supply would give them enough power to manipulate the price in their favor. What they want is big profits from bitcoin, not control over bitcoin or make it completely centralized.

Everything has two sides and blackrock's participation in the market will have negative and positive impacts on the market. But the important thing is that if Blackrock investing in bitcoin is a bad thing, what should we do and how can we stop them? I don't see any way to stop funds or institutions from jumping into the market, so the only thing we can do is adapt to every change so we don't get left out of the game until we achieve our goals.

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June 20, 2024, 08:23:42 AM
 #78

Blackrock or Saylor may not have control over bitcoin, but their holding of 1% or 10% of the total supply would give them enough power to manipulate the price in their favor. What they want is big profits from bitcoin, not control over bitcoin or make it completely centralized.

Everything has two sides and blackrock's participation in the market will have negative and positive impacts on the market. But the important thing is that if Blackrock investing in bitcoin is a bad thing, what should we do and how can we stop them? I don't see any way to stop funds or institutions from jumping into the market, so the only thing we can do is adapt to every change so we don't get left out of the game until we achieve our goals.
That is "price" that they are controlling, not bitcoin. We need to learn the difference because a lot of people keep forgetting what decentralized is, and what control means.

Yes, anyone can control the price, Biden could come out tomorrow and say that bitcoin is banned in USA which would crash the price all together. I think G7 is together now? Was it g7? G20? Whatever it is, there were plenty of leaders the other day all together, they could all come out and say they decided to ban bitcoin, or tax bitcoin profits 50%, whatever bad, and it would crash the price. THAT is still possible, that is not control, control is that none of them could ever take your bitcoin if you securely store it, THATS the real power of bitcoin and nobody can do anything to change that.

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