Quote from: gentlemand on October 14, 2020, 06:33:36 PM

Quote from: The Pharmacist on October 14, 2020, 04:55:36 PM

Yikes! That might sound like a positive thing for bitcoin, but it kind of scares me. Just imagine if just a couple of those companies needed to dump their bitcoin holdings onto the market all at once--I would hope that they'd work out private deals instead of using exchanges, but who knows?

I can't see any heavyweight player ever going anywhere near any exchange. There's no depth and not enough appetite for the amounts they'd want to offload.

.....unless of course, their intention is to move the price. There are plenty of whales trying to push the spot market around. That's not to say they are always successful, but they certainly try.

Quote from: Febo on Today at 03:34:23 PM

Had anyone asked yourself why they suddenly a of them starting announcing they bought them? Why they dont keep the old strategy buying a share and stay quiet.

With Microstrategy, they were quiet, until they were done accumulating. After their orders were all filled, their motivations obviously changed. Now they'd be happy to see BTC pump.

With Square, I think Jack Dorsey really wants to be on the cutting edge of Bitcoin adoption and development, and publicly so. If public companies are going to be accumulating BTC reserves, he won't be left behind.