The Power of Corporate Buying of BTC

[masudginanjar]

TESLA is indeed a large company and it has bought Bitcoin a lot in the various cryptocurrency markets.
I think TESLA is now too late to buy Bitcoin but unfortunately according to TESLA it's never too late if we start a company.
Evidently, TESLA is now very passionate about buying Bitcoin in large quantities and this is really a strength that must be supported by us as a cryptocurrency community.

[arnold dudicove]

^ corporations have great leverage over the popularity of cryptocurrencies. Bitcoin is an example that can be used as a lesson that when many large companies store their assets in Bitcoin, public confidence in Bitcoin strengthens. thanks to the corporations that have made Bitcoin their investment asset.

Yes, true. The increasing number of companies that enter and invest in bitcoin will stimulate other investors to join. Reportedly there will be some powerful promotional news that can quickly influence the price increase ...

[Freemind]

Corporations have as much power to buy Bitcoin and any crypto as the money they have. It's not just about the ability they have to buy, it's also about the impact they create on society and other large companies. We can see the example in Tesla, just 2 days after the purchase of a large amount of Bitcoins by Tesla, a document is already circulating on the network that talks about Apple and its presumed reign if they entered the crypto exchange business and also the news that Amazon is preparing its digital currency in Mexico.

[CriptoLH]

Many large car companies are talking about buying bitcoins, following the example of Tesla with Elon Musk. I think that this year more and more rich owners of large firms will invest in bitcoin. Therefore, there will be a lot of unpredictable movements up and down in the market, which will be associated with taking bitcoin out of weak hands.

[Freemind]

Yes @CriptoLH. It looks like we are going to move from the whale game to the corporate game. And I don't know which of the two games I like less, although the positive is without a doubt that weak hands will stop playing when Bitcoin reaches the price they are looking for. If the rich play with Bitcoin, its economic value will go up a lot, but it will be in the hands of a few.

[therozaq]

Yes @CriptoLH. It looks like we are going to move from the whale game to the corporate game. And I don't know which of the two games I like less, although the positive is without a doubt that weak hands will stop playing when Bitcoin reaches the price they are looking for. If the rich play with Bitcoin, its economic value will go up a lot, but it will be in the hands of a few.

No worries about it mate. I think We should happy to see corporate already invested in bitcoin. It will make the bitcoin market so good, and I believe altcoins will follow it. Bitcoin is going strong now, I believe It will continue untill the end of this year

[Bit]

There may be two conditions after some big corporates bought Bitcoin:
- Positive: Very good move that big company bought more BTC, it becomes an important fundamental reason that will get BTC to increase highly.
- Negative side: we don't know when they will sell the BTC and if it is sold together, it mans the price dump will be tehre

[Azaleea]

Yes @CriptoLH. It looks like we are going to move from the whale game to the corporate game. And I don't know which of the two games I like less, although the positive is without a doubt that weak hands will stop playing when Bitcoin reaches the price they are looking for. If the rich play with Bitcoin, its economic value will go up a lot, but it will be in the hands of a few.

I agree with your analysis. But that phenomenon cannot be avoided. That the strong will play the match longer. And later bitcoin may only be owned by companies, because individuals are not strong enough to hold it.

[wahyudi]

some companies choose bitcoin due to the following factors.
 1. Security

 Unlike conventional currencies which are prone to being flushed out, the cryptographic rules that are applied to bitcoin keep their owners from the same risks.

 2. Able to act as a global currency

 Even though each country has its own currency, bitcoin is still present and entering it.  Bitcoin knows no national borders, does not waver due to political conditions in government, and is not affected by anything.

 3. As a protection from inflation

 Like gold, bitcoin is considered to act as a hedge against inflation.  Bitcoin can suppress excessive inflation rates.

 4. Savings

 Bitcoin is a new form of public savings that is implemented with a hassle-free system.  In addition, by saving bitcoin, all financial intermediaries that are common in banks can be eliminated.  The holders also do not have to pay service and registration fees.

[Wedhus Balap]

The news that more and more companies are playing bitcoin will definitely have an effect in the future. Besides being able to raise prices, but in the long run it will make this industry less attractive, because only the upper class can play it

[Freemind]

@Wedhus Balap I don't think that in the future Bitcoin is only for upper classes. We have to remember that Bitcoin has been with us for over 10 years and there are many, many people who have no intention of selling yet. We also shouldn't forget that new, old, and recent projects are paired with Bitcoin, which is a relief. In the future Bitcoin will be more expensive, of course, but it will not only be for the upper classes.

[Wedhus Balap]

@Wedhus Balap I don't think that in the future Bitcoin is only for upper classes. We have to remember that Bitcoin has been with us for over 10 years and there are many, many people who have no intention of selling yet. We also shouldn't forget that new, old, and recent projects are paired with Bitcoin, which is a relief. In the future Bitcoin will be more expensive, of course, but it will not only be for the upper classes.

I don't blame your opinion. But in my opinion, the journey of the past 10 years cannot be used as a benchmark for the next 10 years. The conditions are different, buddy. The relatively high price rate will obviously be the main consideration for every new player to enter and trade

[Freemind]

Yes @Wedhus Balap, my intention with my previous post was not to compare the previous 10 years with the following 10 years, I think I have expressed myself wrong. I just wanted to say that during these 10 years Bitcoin has been "distributed" although we already know that the whales are the most benefited, and that depending on the price at which Bitcoin arrives, even the upper classes would have difficulties to buy all the Bitcoins they want. But this is just my opinion, and of course I can be wrong.

[Dark Knight]

The news of the increasing number of large investors who will enter clearly greatly affects the fluctuation of bitcoin prices. I don't know if this will come true or if this is just some kind of promotional rumor. We will both look at the facts later

Currently the most popular coin is Bitcoin. The price of Bitcoin has already risen significantly. Bitcoin price are rising at a rocket speed. I think the price of Bitcoin is rising so fast because investors are investing more. The more you invest in a coin the more the value of that coin increases.

[Cryptoz]

Of curse, it will influence, more inflicting higher enough. Moreover, if the companies are big companies and also popular around the world. We can see the previous news by Tesla. The decision to buy BTC really pump BTC price to be higher and reach the new ATH again. that is one of the powers of corporate buying BTC