The company might be pulling resources from different Investors for a share of interest , recall they had made money earlier from bitcoin to cover up for eventualities. All things been equal bitcoin will soon cross $60k by God's grace.
I guess they could be reinvesting profits from previous crypto investments and could also be the front for some stakeholders in the background.
That's what I also think but looking at the total number of Bitcoin they've bought is huge and I have not seen online where it was mentioned that they sold some .
That's true , they don't just buy Crypto currencies they do their market surveys to see how best and when they should buy and profit will be guaranteed.
Considering the time they bought the Bitcoin we have not notice a significant rise in the price of Bitcoin it has been within $57,000 to $59,000.
I was certainly expecting a rise in price especially at the price the company bought but yet to see that rise rather the price is even dipping to $56k+
Sometimes if a whale buys a coin everly and there is another will that dumps the coin we may not really see significant increasing the price so these are likely causes.
There is currently no information that a whale is dumping bitcoin and without that there can't be such a drastic drop to $40000 in fact we are expecting an increase in the price of Bitcoin not a decrease.
Well, I guess you are right. They will surely cancel each other out. However, in this case, it seems the dumping was probably higher than the buying.
studying the market is very very important when you are dealing with cryptocurrency and we should always try to find out issues surrounding the market price and other activities to guide us from all that investment.
It is a good one for them because it will bring more money for them during sales and this in a big way have helped to boost the price and value of bitcoin
Yeah actually that's what they do they buy in bulk to boost the price and also motivate others who are sceptical or as little knowledge about crypto to buy and advise them when to sell.
Then that's a good trend to set for other to follow. The crypto world needs to grow beyond this and I know a lot of people needs this to happen very soon
It is very importantly takes a gradual process to grow so that people will see the needs to invest in cryptocurrency rathe than it's grow faster and people sit as a bubble.
Well, if you say so but it growing in a geometric level will be more encouraging. It will help push more people to invest in it. Though people might want to take advantage of it
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