Post
Topic
Board Bitcoin Discussion
Re: Will you sell your bitcoin to blackrock?
by
hd49728
on 01/01/2024, 03:41:23 UTC
That is a tricky question, because I don't think BlackRock knows more than we do, but we all know that the supply of Bitcoin is limited and if someone controls the majority of the market, he will be able to squeeze prices.
About basic and technical things of Bitcoin, Black Rock does not know more than Bitcoiners because Bitcoin blockchain is open source. Everyone can dig into the Bitcoin source code to learn, read Bitcoin wiki as well as many available free educational resources. We can learn those things so do Black Rock.

However, Black Rock has very high rate of success with their past Spot ETF applications and I think they likely have very good relationships with governmental regulatory agencies so that they know what we don't know. It is helpful for them to get that nearly perfect successful rate.

Exactly, it's base on your financial challenge that will make you to rush and sell off your bitcoin when it's not needful, so I think that we suppose to have a particular period to sell bitcoin, so therefore I blame whosoever that don't know when to sell bitcoin and when not sell bitcoin from my perspective, because is good to know or learn bitcoin trading properly and it's what will enable an investor not to sell when due and when not due, so a someone who uses graph by studying the movement of bitcoin will not be the victim of selling it bitcoin directly when profit will not manifest
During this uncertain period, when there are about 10 more days till the day SEC. have to announce their decisions about all Bitcoin Spot ETF applications, approve them or reject them, it's better to hold our bitcoin tightly.

I know that Bitcoin has many reasons to go with corrections after a 2023 crazy year but my belief is after corrections, it will have a bull run. Halving will occur in April and I don't have fear to lose my capital if I hold my coins longer than April 2024.

SEC. approve or refuse Bitcoin Spot ETF applications, it is not a big concern with me. Halving is more important and I am waiting for it.