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?
I have mixed feelings as well but I think we should try to look at the bright side of this: having big funds like BlackRock etc on bitcoin's side instead of against, is going to reassure many people that bitcoin is actually something legit and not a scam. It could accelerate bitcoin's adoption. Of course I know that people who are buying the ETFs are (probably) not going to buy and use the actual bitcoins but this is all free advertisement at the end.
Yes, we should look on the bright side because even if we disagree, we have no way to stop BlackRock or the big funds from buying bitcoin. And the fact that we always look at the negative side only makes us disadvantaged and does not bring us any benefits.
I also thought that when ETFs was approved, large funds would hold the majority of bitcoin and this would make bitcoin more centralized and easier to manipulate. But I know there's nothing else I can do to stop it, so I'll look on the bright side and use it as motivation to push bitcoin prices higher. I will take advantage of that to make bigger profits instead of trying to fight back desperately.
Yeah, have a point. Definitely, if big corporations hoard more bitcoin, its price will also increase as the demand goes up, but also, when there's a bright side, there will also be a shadow part or a bad part. For example, if blackrock really wants to buy all bitcoin, other investors will also not have a chance to buy their own, and if one company holds the majority of bitcoin,really wants to buy all bitcoin, other investors will also not have a chance to buy their own, and if one company holds the majority of bitcoin,really wants to buy all bitcoin, other investors will also not have a chance to buy their own, and if one company holds the majority of bitcoin,really wants to buy all bitcoin, other investors will also not have a chance to buy their own, and if one company holds the majority of bitcoin, if they decide to sell all their assets or just some assets, we will see a very big dip or movement in the market. But anyway, we will see what will happen in the market. As you've said, we can't stop them if they decide to hoard bitcoin. Crypto currency is a freedom, so we can't control or stop them. All we can do is also take advantage of that movement.
This is the financial market and what we need to do is create the most profit for ourselves, not thinking too much about things that we cannot change or intervene. Similarly, in addition to blackrock and funds entering the market, governments will also soon introduce regulations for bitcoin and the entire cryptocurrency market. What else can we do to change that? We can't do anything but keep quiet and follow the rules. So instead, let's adapt and think about what plan will benefit us the most when those things happen.