Post
Topic
Board Bitcoin Discussion
Re: Will you sell your bitcoin to blackrock?
by
bitLeap
on 03/12/2023, 14:24:24 UTC
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?
A question I've been thinking about for a long time since Blackrock decided to dive into Bitcoin.  If I sell it maybe in the next year the price will be more expensive but if I don't sell it I need money to meet my needs. When faced with a choice situation I would be in a dilemma to be honest but  wouldn't the price of Bitcoin drop again The  investment cycle is always changing although  it cannot be denied that the supply of Bitcoin is a reference to how the  scarcer it is the more expensive it is. On the other hand we realize  that we are not investors who have income from all sides  so this opportunity will  not come twice. We will really  feel it when 100k or 1 million is in sight.