Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[AudraMiller]

Square is one of the companies that is popular by the payment platform that it has developed and operating. This company is said to current be the third largest company that is holding bitcoin. Based on a recent article, the massive rise in bitcoin price and value, is the reason that their first quarter this year has seen revenue exceed five billion us dollars. What are your thoughts on large companies like this and their investment into bitcoin. Do you think that this is good for bitcoin or could this profit be realized by cashing out the coins and what impact will this have on other holders?

 

[Wisdom01]

It will have a positive impact on the holders ,because when many sees the profit they are making they would be more interested in buying and holding bitcoin

 

[Niftyicon]

We know that these whales in much as they are important for btc price to keep going up, they could easily pull it back if they cash out large amounts at once.

 

[silentwatch]

Maybe they will hold it up for a while for big profit. And the bitcoin price will not much effect by this. The price migh be jump up together cause these have good performance and still trending... Just wait and see..

 

[Wisdom01]

We know that these whales in much as they are important for btc price to keep going up, they could easily pull it back if they cash out large amounts at once.

They have huge effect on the price of bitcoin ,because of the quantity of the coin they are holding ,and number of whales keeps on increasing as time moves on

 

[AudraMiller]

We know that these whales in much as they are important for btc price to keep going up, they could easily pull it back if they cash out large amounts at once.

Yes this is a cause for worry for many of the new investors, because if you had to buy the coin now then you are essentially at the mercy of those that are whales in this industry and they to a large extent can manipulate the price accordingly.

 

[piti0608]

This company will make quite impact when they cash out the bitcoin. Such big company like this always make some surprises when they make a payment or do some duty to stakeholder. Hope bitcoin price not become lower when they cashout.

 

[Wisdom01]

This company will make quite impact when they cash out the bitcoin. Such big company like this always make some surprises when they make a payment or do some duty to stakeholder. Hope bitcoin price not become lower when they cashout.

That is the problem but when they cash out people would buy the dip of the coin and it won't affect the coin price that much i think ,so its the case

 

[Niftyicon]

That is the problem but when they cash out people would buy the dip of the coin and it won't affect the coin price that much i think ,so its the case

I think this is the process that has been sustaining the coin even till now, however, for an increment in price, there needs to be more buys than the sells and I think it hasn't gotten to that yet.

 

[AudraMiller]

I think this is the process that has been sustaining the coin even till now, however, for an increment in price, there needs to be more buys than the sells and I think it hasn't gotten to that yet.

The buy and sell market on bitcoin right now seems to be pretty stable. But you are right. There needs to be more buy than sell in order to increase the price of a coin and that is what we are seeing when it comes to dogecoin and other smaller altcoins.

 

[Wisdom01]

I think this is the process that has been sustaining the coin even till now, however, for an increment in price, there needs to be more buys than the sells and I think it hasn't gotten to that yet.

It have gotten into that because if not we might have seen a huge drop and dip in the price of bitcoin, it i want more increase in bitcoin to some extent

 

[AudraMiller]

It have gotten into that because if not we might have seen a huge drop and dip in the price of bitcoin, it i want more increase in bitcoin to some extent

I think that a drop in Bitcoin may be a good thing at this point. With the current value there is many that are looking at the coin as out of their reach and as such they are no longer investing in bitcoin. A drop in price could encourage these people to buy and it can then come back with a stronger bull market.

 

[Wisdom01]

I think that a drop in Bitcoin may be a good thing at this point. With the current value there is many that are looking at the coin as out of their reach and as such they are no longer investing in bitcoin. A drop in price could encourage these people to buy and it can then come back with a stronger bull market.

Good observation, but there are times that the bullish trend continues without any dip and investors does not keep waiting for any dip

 

[AudraMiller]

Good observation, but there are times that the bullish trend continues without any dip and investors does not keep waiting for any dip

Bullish trend of the nature that you are referring to them, in my opinion, are driven by fear more than anything. When there is purchase of a coin by a company then people start to fear missing out on potential profits and rush to buy rather than think about their decision.

 

[Brain]

Square is one of the companies that is popular by the payment platform that it has developed and operating. This company is said to current be the third largest company that is holding bitcoin. Based on a recent article, the massive rise in bitcoin price and value, is the reason that their first quarter this year has seen revenue exceed five billion us dollars. What are your thoughts on large companies like this and their investment into bitcoin. Do you think that this is good for bitcoin or could this profit be realized by cashing out the coins and what impact will this have on other holders?

Oh wow square is doing well for themselves by holding such an amount of Bitcoin. I wish I can do same for myself and hodl for the future before selling. It will really help

 

[AudraMiller]

Oh wow square is doing well for themselves by holding such an amount of Bitcoin. I wish I can do same for myself and hodl for the future before selling. It will really help

Being able to hodl for the future for us, as smaller investors, is all about building up your crypto portfolio and trying to increase the number of coins you have sequentially and incrementally as well.

 

[Brain]

Being able to hodl for the future for us, as smaller investors, is all about building up your crypto portfolio and trying to increase the number of coins you have sequentially and incrementally as well.

We are on the same page that's what I meant as well. I try to get more. Crypto currency to hodl and see how it can be profitable to me in the future and that's it

 

[AudraMiller]

We are on the same page that's what I meant as well. I try to get more. Crypto currency to hodl and see how it can be profitable to me in the future and that's it

The key when it comes to creating any cryptocurrency portfolio is to ensure that you are not swayed by emotions and panic when there are crashes in the market and that you are playing the long game rather than short term investment.

 

[achawaskey]

It is believed that bitcoin potential is rapidly increasing, and within a few years it will hit six figures and those that has bitcoin in quantity will be smiling to the bank.

 

[AudraMiller]

It is believed that bitcoin potential is rapidly increasing, and within a few years it will hit six figures and those that has bitcoin in quantity will be smiling to the bank.

The six figure price range is perfectly understandable and if we look at the price increase over the last few years and the price predictions as well, I think that this could happen after the next halving event.