BlackRock wants to reduce the price of Bitcoin - page 3.

dezoel

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Quote from: Franctoshi on August 29, 2023, 07:04:21 AM

Quote from: virasog on August 27, 2023, 12:08:14 PM

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.

blockman

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Most of these big companies want to acquire cheap Bitcoins before any possible take off. That's what usually is the news before the bull run but don't get distracted by them, buy bitcoin, and don't depend on them. Look at how they desire to collect as much Bitcoin as possible. We as individual investors, have to do and execute our plans, and let's just news these rumors and news to be favorable to us based on the actions that we're going to do. It may be good or bad news but if you're for the long term, there is nothing to get worried with.

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Quote from: Jet Cash on August 30, 2023, 02:58:57 AM

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

I guess that you don't have a billion dollars to spend on this plan. Wink

Black Rock does. I don't think they're doing it, but they could if they wanted to. They have smart people in there who know the end of the pre-halving year is probably their last chance to put some pressure on the price.

tjtonmoy

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Quote from: AnonBitCoiner on August 29, 2023, 03:09:37 PM

With News shared by OP, Strong holder will not worry but weak hand will face more panics which is not good for crypto market.

I agree and disagree at the same time. I agree that weak hodlers will be in more panic and sell that's for sure. But not good for the crypto market? I gotta disagree with that. The market will be in chaos but those who are hodling strong, what do they have to fear? The more they dump the price, the more opportunities we get to buy and fill up our bags. Call me selfish if you will but as I said, one's loss is another's gain.

If everyone keeps on hodling, how are we gonna make profits? We need panic sellers in order to make our profits. But never join them lol. If you have faith in Bitcoin, buy and hodl whatever shit happens let them happen. We can not stop them or slow them. All we can do is, HODL. Our Bitcoin will stay with us. That's all that matters.

tread93

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It's exactly what JP Morgan did when they wanted to buy more to get a good entry price, Jamie Dimon said it was a scam and used to launder money and the price tanked and simultaneously his company's were all buying it lol. Just know if they say that to grab more haha

zeuner

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Quote from: ImThour on August 27, 2023, 12:35:05 PM

Yes, they love to manipulate the Bitcoin Price. And that's what they want to do, all these companies want to use Bitcoin for their advantage and they don't give a single freak about the people invested in Crypto or Bitcoin. It's all about them at this point. In the end, they can't control the price at all. Keep them trying, don't worry at all. They surely have enough money to manipulate to be very honest.

Well, many users love to be manipulated. Otherwise, it wouldn't work after all...

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Quote from: Ndabagi01 on August 27, 2023, 05:33:45 PM

I don't really follow or believe that the market is heavily controlled by these large companies.
Hearing about large companies attempting to influence the market strengthens my belief that there is something they are truly after in the market. Because they own the majority of the coins in circulation, crypto whales have the ability to manipulate the market. I'm just amazed that this information is being made public. If none of this was intended, there would be no rumour of it. But I continue to feel that this is just another speculation that can and cannot be real. Let us wait and see what the market translates to for us in the next months.

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.

Plaguedeath

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Who the fuck is Crypto_Awad? @OP you could create a thread about BlackRock want to increase the price of Bitcoin and hope someone will share your contradict idea to Binance's feed.

Even it's CZ or Elon Musk, they're nothing to predict Bitcoin price since no one will know it. Maybe that guy could change some people view, but for me those opinion will not affect anything.

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Quote from: NotATether on August 30, 2023, 10:02:20 AM

~snip~

Well, that same man paid a fine and was given a conditional sentence because, I think in 2018, he manipulated the price of his companies' shares. I guess at some point he got the signal to stop his media activities when it comes to cryptocurrencies or he would find himself in trouble with the SEC again.

I guess it all depends on how powerful you are, and when you have a few hundred billion $, then the threshold of tolerance is much higher than for an ordinary mortal.

NotATether

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If they do that, straight in hot water with the SEC they go. Elon Musk also had a similar activity going on with Dogecoin but after he was busted by (what was then known as) Twitter, the SEC closed in on him and now he is not making much memes (pun not intended) about Doge, now is he?

Artificially lowering or raising the price of an asset which you have another financial asset based on is illegal in the USA and will land you with charges.

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Only large scales organizations and companies can make a large price manipulations if they are willing to goes down the price the Bitcoin surely they sell the asset they have or else they are losing that investment they made during the price pumps still at their loss or they will prevent to lose more reason why they cut. If this happens and other institutions will do the same really possible that the market may crash.

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Quote from: virasog on August 27, 2023, 12:08:14 PM

~

I think anything related to Blackrock or a world-class company circulating on social media, if it's without an official announcement from them then 90% of it is just a rumour.
They have the power to bring the direction of discussion or issues. They have a lot of world media that they can use to spread facts or rumors about them. I've seen a lot of similar things with companies like Blackrock and Vanguard there are tons of issues and rumors about them that don't necessarily have valid supporting arguments.

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Quote from: Z-tight on August 29, 2023, 06:34:35 AM

Even if Blackrock is doing this, i'll not complain, i will rather buy more coins for a cheaper price. Too many of the people who make noise on social media are not even buying BTC right now, they are the weak hands who start to buy only when the price starts to rise, they only buy when it is fomo time.

If you know the fundamentals of Bitcoin that have been running since 2009 then you will know various kinds of bad and good news. From my experience knowing Bitcoin for 8 years, I have marked it as a recurring habit. There are moments where institutions, countries, big guys make bad news to make people panic and lose faith in Bitcoin. But from those few moments there are people who take advantage of that to make a profit and maybe that was also done by BlackRock. Because in the time lag, the price of Bitcoin can always reach its best price again. Maybe it is also the case at this time.

yhiaali3

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I would not be surprised if these rumors are true, because we live in an ocean full of whales where the struggle for survival is for the fittest. Whales seek to swallow everything. This is their nature. You can't blame them for thinking this way because these are for-profit companies that seek profit first and foremost.

On the other hand, these rumors may be misleading. Perhaps whoever launched these rumors is seeking to create hostility towards BlackRock, which seeks to enter the Bitcoin market as a major player. These rumors could harm the company and cause FUD in the market at the same time.

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Quote from: _act_ on August 27, 2023, 12:32:33 PM

Why believing everything you see online? It is even on a chat on Binance.

The source is very weak, you are right. I wouldn't be surprised by such a move by BlackRock, but to believe it I would have to see some more solid evidence than that. People may find it hard to manipulate the market, but BlackRock is the largest asset management firm in the world. If Musk can move the price of Bitcoin with a tweet, they can move it with rumors or whatever.

Although to speculate, I would almost say that if they are spreading that rumor it is because they have already bought and want the price to go up.

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Quote from: Z-tight on August 29, 2023, 06:34:35 AM

Twitter guys and so many members in this forum are always trying to find one reason or the other why BTC price dumped, isn't rising as fast as they want or is pumping, most times many of their reasons do not even make sense when you analyse it without sentiments and with facts. Blackrock isn't trying to dump the price of BTC, twitter guys make these kind of claims because they know this is the news that will bring traffic, there are too many speculators in the market, and they are all looking for grounds to base their next speculation on the price.

Even if Blackrock is doing this, i'll not complain, i will rather buy more coins for a cheaper price. Too many of the people who make noise on social media are not even buying BTC right now, they are the weak hands who start to buy only when the price starts to rise, they only buy when it is fomo time.

Prediction is also an indispensable part when it comes to investing, so it is normal that people are always looking for reasons and causes why bitcoin prices increase or decrease. But there are also many very reprehensible cases such as after finding out the cause of bitcoin's price drop, they do not buy and become afraid. Finding the cause helps us predict what will happen next and what we need to prepare for our investments. It's not completely useless, but don't let that make us more afraid and hesitant.

josephsonand

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Rumors can spread like wildfire, especially in the crypto world. While giants have influence, the truth can be murkier. Staying cautious and informed is the name of the game.

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Quote from: retreat on August 30, 2023, 03:20:03 AM

This is a negative impact of the entry of large companies into the Bitcoin market because their chances of being able to manipulate the market are far greater than that of individual investors. But even so, I think that if BlackRock wants to manipulate the crypto market, of course they have to spend a lot of capital and effort for this because the Bitcoin market is not small and it is quite difficult to manipulate this market, and there will definitely be a Bitcoin community ready to defend this market if they do that.

Why do they need it? They have enough investments to manage, they have enough money, so why would they try to manipulate the cryptocurrency market now if they can take the path of least resistance and achieve their goal in an easier way. Opposing something will always take a lot of strength and resources, it will be smarter to get around all these difficulties and achieve your goal in more reasonable ways, as they are trying to do now.

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Quote from: fruktik on August 30, 2023, 02:09:21 AM

These are all rumors and nothing more. You should not pay attention to every sneeze. I know one thing: this company in most cases achieves its goals. If she has investments in Bitcoin, then this fact should be taken seriously. It means that there is a desire to make money, to make a profit on the asset. Therefore, I recommend following all the news related to this conglomerate.
A little more and ETF contracts will be accepted, and this will only contribute to the price increase. It remains to wait quite a bit. We need to be patient until that date.

If you follow the news that emanates from these firms you might be deceived. They will always give out information that will make them gain from the market. They will spread FUD to make you sell your coin and make the price drop. They will immediately repurchase the coin at a low price and keep it until the price goes up. For long-term holders, all this information shouldn't matter to them because their plan is not affected by rumors and news.

Quote from: Jet Cash on August 30, 2023, 02:58:57 AM

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

If you are opportune to discover how to reduce the price please I will be glad learn Grin

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This is a negative impact of the entry of large companies into the Bitcoin market because their chances of being able to manipulate the market are far greater than that of individual investors. But even so, I think that if BlackRock wants to manipulate the crypto market, of course they have to spend a lot of capital and effort for this because the Bitcoin market is not small and it is quite difficult to manipulate this market, and there will definitely be a Bitcoin community ready to defend this market if they do that.

Topic: BlackRock wants to reduce the price of Bitcoin - page 3. (Read 818 times)