BlackRock wants to reduce the price of Bitcoin - page 2.

Cricktor

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Quote from: pawel7777 on September 08, 2023, 05:13:08 PM

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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).

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Quote from: virasog on August 27, 2023, 11:08:14 AM

There have been rumours in the market recently that black rock wants to accumulate more bitcoins, but at more reduced rates and for this they will make the market crash more. I don't know if this news is really true or if it is just a rumour.

Daft question, but does BlackRock actually invest in anything on its own, or are they only a fiduciary to their clients, meaning they only invest on their behalf?
People often freak out over how much BlackRock or Vanguard own, but the truth is, they're just middlemen and all their power is gone if people start pulling out their money.

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Quote from: SamReomo on September 04, 2023, 08:08:29 AM

Quote from: Jet Cash on August 30, 2023, 01:58:57 AM

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.

That is true, this is not a bad thing they are trying to do, it would actually benefit us a lot. Look at the price, it cracked under 26k and that was a great time to buy it as well. I feel like it is definitely a good timing to buy bitcoin when the price is that low. It works better in the end and makes it a lot better for all of us.

I know that it is going to take a while for it to recover and people can't wait to see it reach to 30k but that doesn't mean that it is going to happen one way or another. I believe that we need to get this done quickly, we need to just make sure that it goes to a level where it can reach to a good point in the end. Obviously it is going to take a while, but we will all make a profit when the time comes.

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Quote from: Fivestar4everMVP on September 05, 2023, 10:30:49 PM

Reducing the price of assets is manipulation, and I think its a crime according to the law, this is the same the Security and Exchange Commission charged Binance for doing, they claimed Binance was manipulating the prices of different crypto assets trading on their exchange for their own benefit..

insider trading is a crime (manipulating the pricing of your own market for own benefit)

but if your just a customer of an unaffiliated market. and your order affects the market. thats just whale trading

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Quote from: SamReomo on September 04, 2023, 08:08:29 AM

Quote from: Jet Cash on August 30, 2023, 01:58:57 AM

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.

Reducing the price of assets is manipulation, and I think its a crime according to the law, this is the same the Security and Exchange Commission charged Binance for doing, they claimed Binance was manipulating the prices of different crypto assets trading on their exchange for their own benefit..
But then, let me just say that, if BlackRock has a way to do this without incurring the wrath of the law upon themselves, then they can go ahead, but then again, this is if they find a way to successfully carry out the operation because like I think I have said here before, Bitcoin price is very much controlled by the market, which also include news and all that, what kind of bad news can BlackRock possibly come up with right that will drag the price of Bitcoin below the price it is right now which is $25,700?

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Quote from: SamReomo on September 04, 2023, 08:08:29 AM

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

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Quote from: Jet Cash on August 30, 2023, 01:58:57 AM

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.

franky1

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my feelings about blackrock are this:

a. blackrock want to lower the price to hoard more actual coin.
b. they want to also hoard more shares(or even takeover) of the grayscale GBTC trust, so that when blackrock gets to have an ETF they become the defecto number one source of ETF shares.
i feel blackrock has more chance of a successful ETF application more than grayscale

grayscale are in numerous legal sinkholes right now. not just SEC but privately with the likes of the FTX fiasco
so i feel that grayscale want to pull out of the GBTC ETF game and just let someone else take over the trust. which blackrock could do if they can get the bitcoin spot market down. to then buy up majority shares of the grayscale discounted NAV value

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Quote from: virasog on August 27, 2023, 11:08:14 AM

There have been rumours in the market recently that black rock wants to accumulate more bitcoins, but at more reduced rates and for this they will make the market crash more. I don't know if this news is really true or if it is just a rumour.

This is one dark side of these giants that they will never play fair. They have enough money to influence the crypto market which is still at the very initial stage and move the market according to their wish.

That is some big news which would ultimately lead to higher bitcoin prices in 2024. Such rumours must probably come from some senior managers of Blackrock that optimistic about cryptos and leaked the news for their own coins to rise in value. BlackRock is the largest asset manager in the world, they are managing so much money that they could easily buy large amounts of Bitcoin. The main problem of such large asset managers is that once they start buying an asset in the market, many people are going to notice and know that BlackRock wants to buy large amounts. Price will jump quickly and its going to be hard for them to acquire large amounts at a reasonable price. That is why I think it's a viable strategy from them to first try to lower the price before they start buying. But now the news are already out and everybody expects them to acquire Bitcoins. Investors are probably not going to fall for any afford to try and lower the prices.

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Quote from: moneystery on August 30, 2023, 10:26:22 AM

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.

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Quote from: virasog on August 27, 2023, 11:08:14 AM

There have been rumours in the market recently that black rock wants to accumulate more bitcoins, but at more reduced rates and for this they will make the market crash more. I don't know if this news is really true or if it is just a rumour.

This is one dark side of these giants that they will never play fair. They have enough money to influence the crypto market which is still at the very initial stage and move the market according to their wish.

We know that is how they like to play the game so stop worrying about if this is fair or not, if this is true then you have at least four months to accumulate as much fiat as you can and then use it if there is a big dip or even a crash during the next year, if anything such a downward movement should be seen as an opportunity that we cannot let go, now this probably means some weak hands will sell their coins when they should hold them, but your only responsibility is to warn them, if they decide to not listen and sell their coins anyway then that is on them.

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Quote from: Jet Cash on August 30, 2023, 01:58:57 AM

I'd like to reduce the price of Bitcoin so that I can buy some more.

Everybody wants to buy BTC at a cheap price. But only a celebrity, prominent figure, or big corporations will be able to manipulate market prices at will. You'd need to know the tactics of these players to stay ahead of the game. I don't know if BlackRock is actually manipulating BTC market prices, especially when people use to spread a lot of rumours across the web. It could be true, but who cares? A cheaper Bitcoin, is an excellent opportunity for you to grow your wealth in the long term.

As it's always said, "buy low, sell high". Who knows if the big companies who invested in BTC now (MicroStrategy, BlackRock, Tesla, etc) will pump market prices by the next block reward halving? The sky is the limit to how far BTC will go. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about. Just my opinion

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Quote from: virasog on August 27, 2023, 11:08:14 AM

There have been rumours in the market recently that black rock wants to accumulate more bitcoins, but at more reduced rates and for this they will make the market crash more. I don't know if this news is really true or if it is just a rumour.

This is one dark side of these giants that they will never play fair. They have enough money to influence the crypto market which is still at the very initial stage and move the market according to their wish.

It doesn't matter if it's true or not, what matters is that Blackrock will definitely make a move and I think that as someone who accumulates bitcoin and hoarding it until the desired price appears, it's a win for me that they're going to make a move to reduce bitcoin's price, some will probably lose market confidence on bitcoin but they're far few in between that it's not worth worrying losing these investors. You're an adult now, you should get used to these money hungry motherfuckers to not play fair, they wouldn't be in that position if they've played fair and Blackrock has trillions in assets that they manage so at that point, it's kind of stupid of them to not use that vast resource to get more for themselves and less for everyone.

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Quote from: virasog on August 27, 2023, 11:08:14 AM

There have been rumours in the market recently that black rock wants to accumulate more bitcoins, but at more reduced rates and for this they will make the market crash more. I don't know if this news is really true or if it is just a rumour.

This is one dark side of these giants that they will never play fair. They have enough money to influence the crypto market which is still at the very initial stage and move the market according to their wish.

https://www.binance.com/en/feed/post/1026075

If this is the actual thing that transpired with the bitcoin market then many would have believed it's been manipulated in favour of the giant whales and hence every whales begin to contest for thesame manipulations in their own favour, just as we know that the market demands and supplies has a huge impact on the bitcoin price determination, but saying that a single corperate organization is worth enough to change the market in their favour is a wrong appraisal or approach towards the network.

This is a decentralized network, how can a centralized institution make manipulations even when they buy more or release more to the market, bitcoin news causes more fear to the people than the actual fact of what is happening in real time with bitcoin.

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The whales are having huge impact in the market currently and using the opportunity to control the market. Those that don't know this many keep trading the market blindly without knowing the plan of the whales and what there next agenda is.
So many of these whales that have large holdings of Bitcoin could do anything they like in the market which in general do affect the whole cryptocurrency market. It is very important for us to know and keep an eye to some of these news so that we can know how we can always position our trades in the market without getting loses frequently.

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It's not good for the market because the whales are still trying to manipulate the bitcoin price as they wish because of the huge capital of money they have. I mean, it's not bad if they want to reduce the price of bitcoin so that lots of new investors come on-line and buy bitcoins at low prices, but it's not good for the people who have been waiting so long for a good profit from bitcoin.

I won't be surprised by this to be honest, since they already have a lot of money and can do whatever they want on the market and this isn't the first time either. :c

pawanjain

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Never believe everything you read on the internet but the harsh reality is that Black Rock is so huge that it can achieve what is mentioned in the post.
It has its wings all around the globe and that enables it to fly in every direction it wants.
Basically, Black Rock has enough influence that it can surely manipulate the market to buy at a better price.
But that shouldn't break our trust on bitcoin because the positive side is that Black Rock has enough capital to take BTC price all the way up.

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Every year we have people fly into the crypto space with millions and wanting to control the market the way the deem fit to their own benefits.I remember it was Elon a few years ago and before that was Greyscale and the list goes on and on.

One has to anticipate one of these unicorns to do the most when it comes to the bitcoin market price. An unverified information has it that BlackRock has a share in 4 out of the 5 major bitcoin miners in the world, that's total dominance to a level but we remain firm in our believe in the technology.

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If BlackRock wants in on Bitcoin, and they seem to want it if they're fighting so hard to get an ETF approval, I think that, in the long run, they would prefer Bitcoin going up, not down. As for trying to purchase now at a lower price, I don't think they'd actively try to achieve that, considering that the price is already low, and they can spend more on trying to lower it that profit from it decreasing a bit. This is just a random post of a random person, with zero sources to back up the rumour. So I see no reason to trust what look like a pure speculation.

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Quote from: dezoel on August 31, 2023, 09:25:59 AM

Quote from: Franctoshi on August 29, 2023, 06:04:21 AM

Quote from: virasog on August 27, 2023, 11:08:14 AM

There have been rumors in the market recently that black rock wants to accumulate more bitcoins, but at more reduced rates, and for this they will make the market crash more. I don't know if this news is true or if it is just a rumor.

This is one dark side of these giants that they will never play fair. They have enough money to influence the crypto market which is still at the very initial stage and move the market according to their wish.

This might not be far away from the truth, they have a lot of money and are aiming to have the largest share by acquiring more bitcoins, whether this is true or not and no matter how much pressure they mount on the market to further bring down the price I'm not going to panic sell my BTC at this point of this market cycle and only fools will sell. Rather I would find a way to leverage this opportunity and I will be reserving some funds in case an unexpected event happens.

The post came from Binance so maybe it's true? But as you said, even without the news, they can still be able to manipulate the market only to buy more coins at cheap. But that's right, there is no way to be scared about it. We are not a newbie on here anymore and we know that each price movements has its own functions. And that is, a dump is for us to buy while the pump is for us for to sell.

Not all those who sell are fools but maybe there also some pioneers who co-incidentally sell because they urgently need a money for something. You can choose to prepare a fund and buy more, but if you are struggling financially, then you should not bother brother.

The action they do is just pure manipulation, they just want to scare people on the possible action they do so if many will panic about the article release then people are just feeding up those manipulator then might they will do the same in future.

But if many experience people settle down about the news and doesn't get effected about their manipulation attempt then provably we can see bitcoin price goes strong and will never be manipulated by them.

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