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[AudraMiller]

The company that is known as squares, has once again made another huge purchase of Bitcoin, purchasing 170 million dollars in Bitcoin. This is another huge investment, and could contribute greatly to another Bitcoin price increase in my opinion, although the amount is not as high as the investment made by Tesla. In a recent statement the CFO of Squares says that there is a lot of potential when it comes to Bitcoin, and at the end of the day, it is likely that this will become the currency of the internet. Do you agree with him? It seems that more companies are starting to now think along these lines.

 

[Wisdom01]

Well stated, this is the way to go. Humans look up to influencers and wherever the invest others would want to follow suit. So if you can or others Giants can invest it will mean more positive price and profit

For now influencers are no more having impact like before again. Because we could all see that elon musk tweet are no longer influencing the process like before

 

[Brain]

Especially with a decentralized market such as the ones that we see in cryptocurrencies. One person can have a huge influence on the market if people are able to put their trust into them. For example, if you consider the fact that Elon Musk was able to increase dogecoin so drastically, then it stands to reason that other Large companies can do the same.

Yeah the influencers knows their power and t0hry are utilizing it very well, just like I read that musk just tweeted dogecoin in his Twitter account the other time and the price of dogecoin doubled

 

[Wisdom01]

You are absolutely right because people look at each other and do investment.They invest in something that is more profitable.Due to the value of crypto currency increase.As a result ,people's confidence increases and they invest more and more.

Yeah this is true the value of crypto currency have made a lot of people consider investing in it , but when it Increases most times people sell off real quick

 

[Brain]

The more plenty investors put money or invest in Bitcoin,the more it will increase growth of the coin,with this people will be able to buy and invest down when they see it rising steadily.....

Of course this is logic behind it, the more investment on it , the more it grows in both value and price and this is making a lot of people globally begin to invest more in BTC

 

[yolaqueen]

I agree with you here. The moer that these companies buy in terms of Bitcoin the more confidence the others will gain in Bitcoin as well and this will in turn result in a major increase in the number of buyers, seeing this investment, which will rise the price and allow companies like this to sell at a profit.

The confidence that Cuadrados has had in continuing to invest in bitcoin is very good, this brings with it that other companies are also interested in buying bitcoin and the market is favored.

 

[Brain]

The 4,709 Bitcoin that Square invested on, were worth $50 million when the company announced the purchase in October 2020. Now that Btc is worth a whopping $253 million,that is a lot of profit for the company.

Along with MicroStrategy, SQUARE an early entrant in the corporate BTC sweepstakes

Oh wow this profit is huge . Definitely, a whole lot of profit for the company now this is one reason I'm still holding my btc. I'm sure 8 will make good when I decide to make a sale

 

[Brain]

The company that is known as squares, has once again made another huge purchase of Bitcoin, purchasing 170 million dollars in Bitcoin. This is another huge investment, and could contribute greatly to another Bitcoin price increase in my opinion, although the amount is not as high as the investment made by Tesla. In a recent statement the CFO of Squares says that there is a lot of potential when it comes to Bitcoin, and at the end of the day, it is likely that this will become the currency of the internet. Do you agree with him? It seems that more companies are starting to now think along these lines.

Square CEO is a visionary leader he is seeing the potential of. Bitcoin and how they will gain a lot from Bitcoin investment without breaking a sweat so they are taking the chance by buying more

 

[AudraMiller]

Square CEO is a visionary leader he is seeing the potential of. Bitcoin and how they will gain a lot from Bitcoin investment without breaking a sweat so they are taking the chance by buying more

Bitcoin investment, if held for more than four years according to research, is almost guaranteed to make you a profit in your investment. Therefore it was a very good point that he was able to invest at this point prior to the next halving event.

 

[Josemendez]

Square CEO is a visionary leader he is seeing the potential of. Bitcoin and how they will gain a lot from Bitcoin investment without breaking a sweat so they are taking the chance by buying more

Sure . Many people after seeing what happened with microstrategy investment in bitcoin , they were forced to have no other option than to invest in it.

 

[AudraMiller]

Sure . Many people after seeing what happened with microstrategy investment in bitcoin , they were forced to have no other option than to invest in it.

It is pubic figures and companies such as squares that increase the awareness of people in the bitcoin field and that also results in a lot of people having more confidence in the currency as well.

 

[sammyblaq]

El Salvador have moved bitcoin to be a legal tender of their country. I believe at the news that more countries will follow suit as we are hoping Bitcoin back on the 50,000K mark that it was benched at before the ugly downtrend that caused panic all over.

 

[AudraMiller]

El Salvador have moved bitcoin to be a legal tender of their country. I believe at the news that more countries will follow suit as we are hoping Bitcoin back on the 50,000K mark that it was benched at before the ugly downtrend that caused panic all over.

It was terrific news to see such an legalization of cryptocurrency for these people and i think that this will certainly result in a major boost to their economy as well.

 

[sammyblaq]

It is terrifying at this time because we ain't sure what the next day holds for us in the value of bitcoin but it will boost their economy up paraventure the value trends upward. That is our prayer for ourselves and for all crypto believer all over the globe.

 

[microunit]

It is terrifying at this time because we ain't sure what the next day holds for us in the value of bitcoin but it will boost their economy up paraventure the value trends upward. That is our prayer for ourselves and for all crypto believer all over the globe.

There are times though that bitcoin price movement could be predicted to an extent especially when there are major news that comes out that involves bitcoin

 

[Josemendez]

It is pubic figures and companies such as squares that increase the awareness of people in the bitcoin field and that also results in a lot of people having more confidence in the currency as well.

Yeah , unfortunately someone like Elon Musk is abusing his powers by manipulating the market at his will through his tweets and actions.

 

[silentwatch]

And i think that this company sell their bitcoin, perhaps all or part of it, and has contribute to the fall off bitcoin price lately. That is good decision too i guess, cause they make big profit from it...
Just waiting for the price raise again...

 

[Josemendez]

And i think that this company sell their bitcoin, perhaps all or part of it, and has contribute to the fall off bitcoin price lately. That is good decision too i guess, cause they make big profit from it...
Just waiting for the price raise again...

You can just make that assumption without being sure of it. I know that most of these institutions do not buy bitcoin to sell it easily .

 

[AudraMiller]

Yeah , unfortunately someone like Elon Musk is abusing his powers by manipulating the market at his will through his tweets and actions.

This is very true, and in my personal opinion i think that the manipulation of the market is actually causing his tweets to have less and less impact because people are becoming sceptical of his motives.

 

[sammyblaq]

There are times though that bitcoin price movement could be predicted to an extent especially when there are major news that comes out that involves bitcoin

Yes i have come to understand that news are the major simulator of bitcoin value and other cryptos because i have seen that on the side of Elon Musk; when he started tweeting of doge, the coin gained value and when he tweeted that bitcoin will no longer be used to buy from Tesla, bitcoin drops. We need more rich influencers to come project the market back and more.

 

[AudraMiller]

Yes i have come to understand that news are the major simulator of bitcoin value and other cryptos because i have seen that on the side of Elon Musk; when he started tweeting of doge, the coin gained value and when he tweeted that bitcoin will no longer be used to buy from Tesla, bitcoin drops. We need more rich influencers to come project the market back and more.

It would be an advantage for the market to have more large influencers, however at the same time it will also be dangerous because that means there are more people that are able to manipulate the market.