Quote from: worldtraveller321 on March 29, 2024, 09:44:52 PM

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?

the thing is that if a black rock purchase more of Bitcoin right now that will affect a bitcoin increment because there will be a massive adoption in Bitcoin and that massive adoption enhance the Skyrocket of Bitcoin increment so therefore I believe that bitcoin increment can take place, certain time I think it was Amazon that accept a payment with a Bitcoin that period of a time the price of Bitcoin changes based on they have adopted a Bitcoin so there's some people who will invest in Bitcoin or who will adopt a Bitcoin there will be a massive increment in Bitcoin.

Quote from: Orpichukwu on March 29, 2024, 09:53:37 PM

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.

the thing is that bitcoin price cannot be regulated by individual or anyone it can go up based on adoption of people or company because once more companies are coming in into bitcoin existence or bitcoins life the more the demand is getting high because it is didn't demand that controls the market of Bitcoin and then when the demand is higher than the supply the market Skyrocket to more than anyone's expectation that is why we continue to say that adoption helps for bitcoin increment.

Quote from: Orpichukwu on March 29, 2024, 09:53:37 PM

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

actually the Bitcoin price has already gone up before the black rock of a thing but the problem is that if Black Rock purchased more of Bitcoin or any company purchase more of Bitcoin that will make the demand of Bitcoin to be higher than the supply so therefore I believe that the price of Bitcoin to increase more and more.

Quote from: Moreno233 on March 30, 2024, 10:58:18 AM

Every buy of Bitcoin makes the Bitcoin in your possession more valuable. So the more they continue to buy, they more Bitcoin strengthens and by extension becomes better for those that already have some. You may be speaking from the angle of them creating monopoly which can be used to manipulate Bitcoin price. While this is possible in the future, it will not be easy for them to achieve because there is also associated risk to them and they are aware of it. Do not worry about their buys, just protect what you have and allow them continue to buy because their action will surely turn to your advantage.

that is good experience of you because it is obvious that the more investors are coming in Bitcoin the more the price of Bitcoin is appreciated so investors or companies next the price of Bitcoin to Skyrocket and it is when the the demand will be high so once there is no investors in Bitcoin they demand is going to be low and it is supply will be higher than the demand so definitely the price of Bitcoin is going to be cash based on that, does not know why the price of Bitcoin always increase and the sometimes the price of Bitcoin always crash the increment of price of Bitcoin is based on demand why the fall aspect of Bitcoin is based on supply.