RE: Buying Bitcoin As A Company Doesn't Make You Bullet Proof
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I'm sure if they have to dump their corn, there will be plenty of buyers waiting in the wings! Even if MSTR has to liquidise, the chances that all other institutions will have to do the same thing at the same time and totally wipe out the market is slim I'd say. I guess we'll see what happens when the bubble pops towards the end of the year!
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Yeah sure retail and companies will pick up the new coins but we’ve seen how prices fall when retail gets nervous imagine what it’s like if someone holding thousands gets nervous!
Driving the price down isn’t just that anymore, people have now got loans against it which means if the price falls below capital requirements they need to post more collateral or lose the loan
We now have futures and ETFs and all sorts of shit that if it goes out of wack makes the swings even more nuts
Not that I mind I’d pick BTC up all the same, I just want to state that corporations buying Bitcoin doesn’t exactly reduce risk or price volatility
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That's true although I'd say there's more strong hands this time round vs in 2017 bubble. Anything can happen though and we did see an institution state they were "in it for the long run" before selling at the first correction 2 weeks later lol!
I'll give it another market cycle before things become "less volatile" and getting loans isn't so much of a "risky" play. Getting a loan in a bull run during this bubble year like no other is some ballsy stuff!
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