Post
Topic
Board Bitcoin Discussion
Re: BlackRock's Bold Move: $1.5 Billion Bet on Bitcoin!
by
Richbased
on 31/10/2024, 17:34:37 UTC
Have you thought about the flip side of it? When these big corporates are buying Bitcoin in bulk, the price is increasing. A lot of people sharing about it.

But what would happen if these corporates start selling their Bitcoins in bulk? The price will start dropping.

With 1.5 billion worth of holding, these corporates hold the power to manipulate crypto market. I hope no company start buying Bitcoin anymore!

That is what most people don't understand yet, i prefer different individuals buying bitcoins that will sum up that huge amount than an institution because we also know that as they impact the market positively when they buy, same it causes severe DIP when they sell. However, since these institutional investors plays major roles in determining the activities of bitcoin price, we should just endeavor to have a long term hodling mentality and also make sure we have reserved funds to buy back whenever they decides to sell.

Inasmuch as they rebuy again after they sell, i think the market will continue to be balanced because most of the reasons why they sell is to take profits and buys at more cheaper price so anyone who doesn't have a long term target will definitely fall to their manipulation when they panic and sell along with the bigger investors.