Topic: BlackRock wants to reduce the price of Bitcoin (Read 818 times)
As long as we are in the market for anything including cryptocurrency, we have to accept that there will always be manipulations happening mostly behind scenes or beyond what an ordinary guys like me can see. Blackrock is known as a supreme manipulator of many things though so far no credible victim or witness has come forward with their stories...so for the meantime everything revolves around making money, money and money. We should always remember that Blackrock rejected Bitcoin before as just another scam or Ponzi scheme but is now loving it like a man under a "first love" pheromone. that alone should be telling us its intention and goals. Now, since we can never fight against Blackrock we might as well go with it by buying BTC at a lower price.
I am. This price is too good to let it go, maybe it will go down to $22-24k, who knows, but it's not a big difference especially if we look at the big picture: halving and ETFs. If in the next 2 years reaches $150k or even more who cares buying at $24k or $27k, it's still a great profit anyway, and personally I prefer not to risk, some people always wait for a better price and they end up missing big buying opportunities.
There are some people waiting for BTC to go lower in price to "make the move". They're afraid getting in now, as they believe prices will continue to go all the way down "rock bottom". We can't tell whenever that will be the case due to the unpredictable nature of the crypto market. All we can do is buy BTC regardless of its market price and wait to turn a profit in the long run.
I'm confident Bitcoin will go well above $100k due to ever-increasing demand from companies, businesses, and individuals alike. Combine the approval of a spot Bitcoin ETF, as well as, the halving of 2024 and market prices won't go back to $24k ever again. Maybe BTC will go as far as replacing Gold someday?
The question is: Are you buying? 
I am. This price is too good to let it go, maybe it will go down to $22-24k, who knows, but it's not a big difference especially if we look at the big picture: halving and ETFs. If in the next 2 years reaches $150k or even more who cares buying at $24k or $27k, it's still a great profit anyway, and personally I prefer not to risk, some people always wait for a better price and they end up missing big buying opportunities.I also believe that people who always wait for lower prices to buy will never even buy bitcoin. Not only are they greedy, they are also people who do not have enough faith in bitcoin, they are afraid that bitcoin will decrease more if bought in and will cause them to lose money. Those people will often become losers because when the price of bitcoin increases, they will start Fomo and buy for fear of missing out on the price increase.
Indeed, if our goal is to sell at $100k or $150k then buying at $27k or $22k won't make much of a difference unless someone invests billions of dollars into bitcoin.
The question is: Are you buying?
I am. This price is too good to let it go, maybe it will go down to $22-24k, who knows, but it's not a big difference especially if we look at the big picture: halving and ETFs. If in the next 2 years reaches $150k or even more who cares buying at $24k or $27k, it's still a great profit anyway, and personally I prefer not to risk, some people always wait for a better price and they end up missing big buying opportunities. Even billionaires don't like buying things at a high price, it's always business, the earlier you know this the better it will be for you, just because you have the money to spend doesn't mean you should spend it anyhow, this is what retains the rich as rich on the long run, haven't you heard about rich people going broke? It's the beginning of begging broke once you start buying things simply because you can afford It, that's not good for your money and business.
There is nothing wrong for Black Rock and others aiming to buy Bitcoin at a lower price, I mean that's what will make everyone want to get their hands on Bitcoin, it's for their own good and also mine, because I don't like Buying the tops, how will you make profits when you are already buying the tops? At that point, no one will want to buy from you.
This is not a manipulation dear, it's you that want rich men and big companies to go broke, because you expect them to buy Bitcoin at a high price, you care about yourself only and that's selfishness, just think for once, what will you do if you are the owner of Black Rock? Buy the tops? I don't think so.
There is nothing wrong for Black Rock and others aiming to buy Bitcoin at a lower price, I mean that's what will make everyone want to get their hands on Bitcoin, it's for their own good and also mine, because I don't like Buying the tops, how will you make profits when you are already buying the tops? At that point, no one will want to buy from you.
This is not a manipulation dear, it's you that want rich men and big companies to go broke, because you expect them to buy Bitcoin at a high price, you care about yourself only and that's selfishness, just think for once, what will you do if you are the owner of Black Rock? Buy the tops? I don't think so.
Of course. No one in their right mind would buy BTC at a high price. Everyone wants to buy it cheaper to sell it at a higher price in the future. BlackRock seems to be heavily-invested into Bitcoin, so I would expect a massive "pump" soon. It's likely large investment companies like the one mentioned will "make the move" after the BTC halving.
Why complain about their movements when you can do the same? After all, it's a "free market". Whales and the wealthy will continue to manipulate market prices for their own convenience. The question is: Are you buying?
Even billionaires don't like buying things at a high price, it's always business, the earlier you know this the better it will be for you, just because you have the money to spend doesn't mean you should spend it anyhow, this is what retains the rich as rich on the long run, haven't you heard about rich people going broke? It's the beginning of begging broke once you start buying things simply because you can afford It, that's not good for your money and business.
There is nothing wrong for Black Rock and others aiming to buy Bitcoin at a lower price, I mean that's what will make everyone want to get their hands on Bitcoin, it's for their own good and also mine, because I don't like Buying the tops, how will you make profits when you are already buying the tops? At that point, no one will want to buy from you.
This is not a manipulation dear, it's you that want rich men and big companies to go broke, because you expect them to buy Bitcoin at a high price, you care about yourself only and that's selfishness, just think for once, what will you do if you are the owner of Black Rock? Buy the tops? I don't think so.
There is nothing wrong for Black Rock and others aiming to buy Bitcoin at a lower price, I mean that's what will make everyone want to get their hands on Bitcoin, it's for their own good and also mine, because I don't like Buying the tops, how will you make profits when you are already buying the tops? At that point, no one will want to buy from you.
This is not a manipulation dear, it's you that want rich men and big companies to go broke, because you expect them to buy Bitcoin at a high price, you care about yourself only and that's selfishness, just think for once, what will you do if you are the owner of Black Rock? Buy the tops? I don't think so.
Well, there are a lot of positive expectations about Blackrock. Someone else is speculating that if Blackrock is approved in ETF, around 150 billions can be added to the Bitcoin market, although no figure has been shown as to how this will happen, and now on the subject, this refers to being reduced. the price value of Bitcoin.
But no matter what the result or outcome of this thing is, it is still guaranteed that the price value of Bitcoin will increase.
But no matter what the result or outcome of this thing is, it is still guaranteed that the price value of Bitcoin will increase.
I don’t know if I’d blame Blackrock solely for this recent drop in price. It makes sense that big players would want the price to drop though. Knowing that a ton of BTC from mtgox will be sold at any price as soon as customers get their hands on it, the logical thing is to get the price as low as possible to advantage of that coming scenario.
I wouldn't. Bitcoin price has been manipulated by whales way before BlackRock would join the game, let's not forget that until a few years ago BlackRock's CEO (or someone in a very high position) openly declared that bitcoin was a scam, so they are pretty much the last people who changed their mind. Will they try to manipulate the market in the future? Probably. Can they now? I don't think so. Governments are doing it that I'm sure of and I can prove it to you.
When bitcoin was reaching its ATH of 60k in 2021 the price crashed by 50%. Do you know why?
China banned miners and those miners had to sell everything and move somewhere else, which created a strong pressure on price and dropped hash rate.
Traders seeing hash rate crash along with price, sold their coins created a cascade.
Why did they announce the ban right when bitcoin was in its strongest bull run since 2017? It was manipulation.
When bitcoin was reaching its ATH of 60k in 2021 the price crashed by 50%. Do you know why?
China banned miners and those miners had to sell everything and move somewhere else, which created a strong pressure on price and dropped hash rate.
Traders seeing hash rate crash along with price, sold their coins created a cascade.
Why did they announce the ban right when bitcoin was in its strongest bull run since 2017? It was manipulation.
Now we see China "changing its mind" after the rising popularity of Bitcoin worldwide. It wants to make Hong Kong the next crypto hub. Talk about manipulation. They will "pump" market prices for a short time, before they "dump" them for good. It's like a "rollercoaster" ride if you ask me. If governments are doing it, don't you think a giant investment company like BlackRock won't do the same? You can see why the wealthy always win, while average people are "left behind in the dust".
Considering that entities with big interests are heavily-invested into Bitcoin, it's most likely market prices will soar above $1m in the future. I'd buy as much "cheap" Bitcoin as I can before it's too late. The more you buy, the higher your chances of becoming rich will be. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about.
We're just assuming big companies and the government are doing it.
Governments are doing it that I'm sure of and I can prove it to you.
When bitcoin was reaching its ATH of 60k in 2021 the price crashed by 50%. Do you know why?
China banned miners and those miners had to sell everything and move somewhere else, which created a strong pressure on price and dropped hash rate.
Traders seeing hash rate crash along with price, sold their coins created a cascade.
Why did they announce the ban right when bitcoin was in its strongest bull run since 2017? It was manipulation.
Yes, wealthy institutions like governments and corporations may want to control Bitcoin's price. Decentralization makes it difficult for one entity to control Bitcoin. Some power exists for the large players, but manipulation "behind the scenes"? Lets not make this a conspiracy without substantial evidence.
Bitcoin "hodling" makes sense given its history. Diversification helps reduce spending risk. Bitcoin's future looks bright, but dont make money decisions on hope. Prepare, plan, and proceed gently.
Bitcoin "hodling" makes sense given its history. Diversification helps reduce spending risk. Bitcoin's future looks bright, but dont make money decisions on hope. Prepare, plan, and proceed gently.
Yes. There's not enough evidence to prove that manipulation is happening "behind the scenes". We're just assuming big companies and the government are doing it. What we should do is take advantage of the situation to accumulate as much "cheap" Bitcoin as possible. If you accumulate a substantial amount of BTC now, you'll be able to reap huge rewards once the market turns bullish again. The sky is the limit to how high BTC can go.
As with any investment, never make your decisions based on hype or someone else's opinion. You must do your own research to help determine what's best for you. Who knows if you get lucky someday? Just my thoughts
Yeah, that would be a good thing for many of us because when the of Bitcoin goes low in value then most of us will try to accumulate as much as we possibly can. I'm sure that BlackRock is also thinking about the same thing and if they get any success in reducing the price of Bitcoin then it will be a best opportunity for us to accumulate a lot of Bitcoin. Bitcoin will go up in value after that and then no one will be able control the growth of Bitcoin.
Let's not forget that governments also want to reduce the price of Bitcoin. Either because they hate it, or because they want to buy more coins at a discount. The ones that will ultimately win are those with a lot of money to spend on this nascent industry. I'm talking about governments, rich people, banks, and investment companies like BlackRock, MicroStrategy, and Fidelity. They can manipulate the price "behind the scenes" for their own benefit.
If you're smart enough to avoid being fooled by these entities, you'd buy and "hodl" BTC no matter what. With deflation in mind, it's highly-likely Bitcoin will keep reaching new ATHs for the forsseable future. Who knows if someday BTC turns you into a filthy-rich person? Just my opinion
Bitcoin "hodling" makes sense given its history. Diversification helps reduce spending risk. Bitcoin's future looks bright, but dont make money decisions on hope. Prepare, plan, and proceed gently.
BlackRock intentionally pushing the price of Bitcoin down as OP shared is more of a rumor and hearsay. It could just be that some people in the community are trying to cause some panic by using the BlackRock ETF as an avenue to spread fud amd get the price down so they can buy in since it's a general belief that a bull run will follow immediately after the halving event to compensate for the drop in mining block rewards.
All these shenanigans don't cut it.
All these shenanigans don't cut it.
Maybe BlackRock did not intentionally push bitcoin prices lower, but it cannot be denied that there is a force standing in the shadows trying to manipulate the market to create confusion and panic in the market. Like someone caused bitcoin to suddenly drop in price a few weeks ago and then they spread the news blaming Elon for causing it. Regardless of who is pushing the market price down, it is clear that the market is being manipulated by hidden forces, something we cannot deny.
Firstly - I don't just believe something randomly posted on social media without more supporting evidence. This is good for protecting your psychological state regarding investing - meaning you need to find more accurate explanations about the news published. It's always bad if you swallow the news at face value - it's never good.
Second, whales can support this industry with their financial power. While on the other hand – they can also create chaos in the market for the sake of their own profits. The market tends to panic more easily as I've seen so far - this is because many people still hold their assets on centralized exchanges and don't yet have the confidence to hold them long term.
Second, whales can support this industry with their financial power. While on the other hand – they can also create chaos in the market for the sake of their own profits. The market tends to panic more easily as I've seen so far - this is because many people still hold their assets on centralized exchanges and don't yet have the confidence to hold them long term.
BlackRock intentionally pushing the price of Bitcoin down as OP shared is more of a rumor and hearsay. It could just be that some people in the community are trying to cause some panic by using the BlackRock ETF as an avenue to spread fud amd get the price down so they can buy in since it's a general belief that a bull run will follow immediately after the halving event to compensate for the drop in mining block rewards.
All these shenanigans don't cut it.
All these shenanigans don't cut it.
...
People who invest in BlackRock, I have no idea if and what entry levels BlackRock has for his clients, likely don't have too urgent reasons to pull out their money as long as BlackRock's generated revenue of people's investments meets or satisfies their expectations. If you have enough money, you usually diversify and let your money/investments "work". Above some levels you probably don't try to hunt for every percent or per mille (can't speak with own experience here, I'm not at such levels).
BlackRock doesn't really generate any revenue for their clients, if anything, they charge them fees. Profits are generated by the performance of underlying assets. BlackRock is just a middleman. My (slightly off-topic) digression was that BlackRock is not as powerful as many think it is.
On-topic question: if BlackRock doesn't really invest their own capital (only clients' funds), why would they even care about the price of Bitcoin?
the bitcoin market is not heavily controlled by large companies, but because the portion of their bitcoin holdings is quite valuable when they buy/sell, sometimes it is enough to influence the psychology of investors to follow what they do. if a company like blackrock wants to do a short trade, they can make quite a lot of profit from this wave and that is what they want to achieve. just imagine if they do this several times how much they can earn from the bitcoin market.
If what this investment company does is so important to you, then you better get a job there)) And why not? You will have insider information and there will be no more speculation. This is all a joke, of course.Why are you so stressed out? No one is able to control the speculative market. Let it be even transnational conglomerates. If that were the case, then everyone would already know this. I do not rule out the moment that they have some impact, but do not worry about it.
I'd like to reduce the price of Bitcoin so that I can buy some more.
Yeah, that would be a good thing for many of us because when the of Bitcoin goes low in value then most of us will try to accumulate as much as we possibly can. I'm sure that BlackRock is also thinking about the same thing and if they get any success in reducing the price of Bitcoin then it will be a best opportunity for us to accumulate a lot of Bitcoin. Bitcoin will go up in value after that and then no one will be able control the growth of Bitcoin.
They are people with a lot of money, not only will they think about it, but I believe they will also find ways to manipulate the market so they can buy it at a higher discount price. Bitcoin is truly a lucrative piece of cake and those with a lot of money will find ways to capture it all before it explodes. i'm even worried that bitcoin will like gold and real estate, become a luxury item only for the rich and no longer available to everyone.
People with money will always know how to manipulate everything that belongs to them.
Reminds me of the endless JP Morgan vs silver argument, a bank shorting the silver commodity but I read also JPM owns a silver mine so quite possibly they can afford to pay off all the shorts if the price were to rise I suppose. Also JPM is the custodian of the ETF SLV which holds large amounts of silver and gains some charge for that service and its daily trade.
Its probably not as simple as it appears and maybe Blackrock is involved in some of that mining capacity that moved across from China, now they can be involved in both sides of the markets. Plain BTC by itself has no yield hence Im not surprised when banks get involved they want to be paid every day in some way by playing the markets strength and weakness in price, it can be very profitable to do so if they are able.
Its probably not as simple as it appears and maybe Blackrock is involved in some of that mining capacity that moved across from China, now they can be involved in both sides of the markets. Plain BTC by itself has no yield hence Im not surprised when banks get involved they want to be paid every day in some way by playing the markets strength and weakness in price, it can be very profitable to do so if they are able.
People who invest in BlackRock, I have no idea if and what entry levels BlackRock has for his clients, likely don't have too urgent reasons to pull out their money as long as BlackRock's generated revenue of people's investments meets or satisfies their expectations.
Those people don't really invest for investments that they have a bit of idea but invests because of BlackRock itself for its name. It's a norm today that people will invest to brokers and asset managers that they know has a name and proven track of record, at least that's what they know about BlackRock.
If you have enough money, you usually diversify and let your money "work". Above some levels you probably don't try to hunt for every percent or per mille (can't speak with own experience here, I'm not at such levels).
And that's what they think they are doing but they don't know that they can handle it on their own. But I guess that's what companies like this are trusted for but me, no. Jump to: