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[SCAMEXPOSER]

The update from CNBC shows that the Square company has added $170 million worth of bitcoin to expand it bitcoin Investment of 4,703 bitcoin bought last year October.
The deal of $170 million was carried on Tuesday when bitcoin was $48,000.
The CEO, Jack Dorsey, said as at last year October the amount of bitcoin bought represent 5% of the company's asset. You can imagine what the company will worth when bitcoin eventually hit $100,000.

 

[BullyMaguire]

It a question worth asking though it is very possible that the amount is not much enough to give the market a significant push .

It might be.. also the company's popularity may be a key too. I guess it's something when it's a billion dollars at least or if one of the worlds wealthiest are the one investing

 

[highspeed]

Im not liking all these companies and celebrities announcing huge crypto purchases, it reaks of manipulation.

Are you sure they would actually split Bitcoin? I mean that will dillute the value a lot right?

So it would seem because it is written, but who could be absolutely sure? Even if "behind", there were manipulations!
We cannot know this.

 

[aryan4]

I guess the company is capitalizing on the decline in bitcoin price to buy more. I hope this would push the price back on track to $60k.

I guess you might be right. Although the decreases experienced sometimes create an atmosphere of panic, I think some of the big companies see these decreases as buying opportunities.

 

[Balint098]

Yeah, thanks to Jack Dorsey and how his company buys more Bitcoin, the coin can avoid slumping further. Tho it still needs more fresh injection if we want the price to go further up.

 

[SCAMEXPOSER]

Yeah, thanks to Jack Dorsey and how his company buys more Bitcoin, the coin can avoid slumping further. Tho it still needs more fresh injection if we want the price to go further up.

It also provide next week there's more pump into the crypto-currency market especially Bitcoin because it is the coin that lead while other follows otherwise currently most of the concert down below or above 10%.

 

[fastmoney1]

That's a lot.. wonder why it didn't give much effects on Bitcoin's price though.. it's been going down a lot these days but still at 48-50 range but still

It is true that it is not such a significant amount with the previous one, but the Cuadrados company continues to trust bitcoin by continuing to invest in the cryptocurrency.

 

[fastmoney1]

It might be.. also the company's popularity may be a key too. I guess it's something when it's a billion dollars at least or if one of the worlds wealthiest are the one investing

The good thing we can see in this transaction is that the company continues to trust bitcoin and although it is not very significant, the amount of the investment is good to maintain the market.

 

[SCAMEXPOSER]

The good thing we can see in this transaction is that the company continues to trust bitcoin and although it is not very significant, the amount of the investment is good to maintain the market.

Yeah you are very correct and I will hoping that more bigger investors will invest very soon and also that hope there is improvement in the trading such that once crypto bitcoin has any dip we don't have to wait for bigger investor to reshape the market.

 

[Niftyicon]

I guess you might be right. Although the decreases experienced sometimes create an atmosphere of panic, I think some of the big companies see these decreases as buying opportunities.

I think that is why we may not necessarily see bitcoin down in price for so long given that there are investors always ready to buy when there is a dip in price and that simply pumps the price again.

 

[Rollerkid]

The update from CNBC shows that the Square company has added $170 million worth of bitcoin to expand it bitcoin Investment of 4,703 bitcoin bought last year October.
The deal of $170 million was carried on Tuesday when bitcoin was $48,000.
The CEO, Jack Dorsey, said as at last year October the amount of bitcoin bought represent 5% of the company's asset. You can imagine what the company will worth when bitcoin eventually hit $100,000.

I'm sure the company would eventually turn its 5% or more assets it has invested into bitcoin to some amount very great in the future, Since we believe bitcoin investment is greatly profitable in the long run.

 

[Wisdom01]

Yeah i think many have seen that bitcoin have a bright future ahead ,so they are investing for more increase in the price of the coin i think

 

[Niftyicon]

You could say that but in my point of view red bear is all around the Crypto market. It could be profitable for that company in future but if we go with current situation there are more chances of loss.

It would be a mistake to make investments in bitcoin at its current price for short term. It would be better to make it a long term investment, so that the chances for bigger profits are higher.

 

[SCAMEXPOSER]

It would be a mistake to make investments in bitcoin at its current price for short term. It would be better to make it a long term investment, so that the chances for bigger profits are higher.

the only people that will be making good profit from it now are those people that trading it because currently it has dropped to $48,000 so people that university right now when it jumps you will make gains.

 

[SCAMEXPOSER]

The thing is , I am not a big investor. I am a small investor on a very very small scale. I started by just 20$. These long term conditions are suitable for large scales. What do you say?

You are right, with $20 you can be buying and selling of different coins with a target of 10% rise in price , this could happen in few days and gradually you can build your wealth.

 

[funkymoney]

yes, many reputed companies are diving into cryptocurrency. good time ahead and time for the governments to regulate and accept cryptos rather than banning them

 

[Niftyicon]

The thing is , I am not a big investor. I am a small investor on a very very small scale. I started by just 20$. These long term conditions are suitable for large scales. What do you say?

I agree with you. You can gradually build up on your capital trading short term since for long term, I think it is better to have a sizeable amount for investment.

 

[LutherKing]

Well now all of those who bought bitcoin before are using to lower the price further and further to buy more btc and is not good sign for btc actually

 

[SCAMEXPOSER]

Well now all of those who bought bitcoin before are using to lower the price further and further to buy more btc and is not good sign for btc actually

That's the advantage of being a whale and having enough funds to invest when the price is down. Small Investors should not panic sale .

 

[Wisdom01]

That's the advantage of being a whale and having enough funds to invest when the price is down. Small Investors should not panic sale .

The small investors are always on the look out ,because they don't have enough money so they just panic sell and the whales takes advantage and buy

 

[Josemendez]

That's the advantage of being a whale and having enough funds to invest when the price is down. Small Investors should not panic sale .

Well this is only feasible when the market is stable . As it stands now , the market is so volatile that buying the dip is not quite encourage at all .