Topic: Microstrategy rug us again? - page 2. (Read 646 times)
based on some few observation, it has been noticed that anytime microstrategy make purchase announcement then just go ahead and short for some few profits and exit. i dont know maybe its a coincedence or something but this is how it has been noticed to mostly happen with his announcement.
You need to experience what a rugpull is to truly understand its use. What could've happened at the time won't be far from price correction, nothing more. Perhaps when Microstrategy bought, certain whales felt it could be an appropriate time to dump in order to cause panic in the market. They often do this to create an atmosphere of panic sale and thereafter buy back cheap from weak hands. We see that pattern often. Yet investors still fall for it. How would they crash the market immediately after investing. It's not logical. Contrary to what OP thinks, it's far from rugpull. It's correction.
Most people usually look forward to a bullish turn up on the prize whenever a whale makes an announcement that they have invested in the market, but from my experience so far in the market I haven’t really seen that happen. It doesn’t work that way. When they invest, it doesn’t have any effect immediately on the price of Bitcoin.
Moreover, I don’t think that Microstrategy would invest in Bitcoin and be wishing for it to decrease in price after they have invested in it. So, it doesn’t have anything at all to do with Microstrategy. That’s just how the market works, and it is currently bearish this time.
And it is is not really difficult to see why, just because one whale does something like that it does not mean that other whales are doing the same thing, when people think of the term whales they think of them as a monolithic group that move together and this is not true, so while a whale could buy bitcoin and maybe even express their belief the price will go up in value, another set of more powerful whales could believe and do the exact opposite without communicating with anyone, decreasing the price in the process. Moreover, I don’t think that Microstrategy would invest in Bitcoin and be wishing for it to decrease in price after they have invested in it. So, it doesn’t have anything at all to do with Microstrategy. That’s just how the market works, and it is currently bearish this time.
Most people usually look forward to a bullish turn up on the prize whenever a whale makes an announcement that they have invested in the market, but from my experience so far in the market I haven’t really seen that happen. It doesn’t work that way. When they invest, it doesn’t have any effect immediately on the price of Bitcoin.
Moreover, I don’t think that Microstrategy would invest in Bitcoin and be wishing for it to decrease in price after they have invested in it. So, it doesn’t have anything at all to do with Microstrategy. That’s just how the market works, and it is currently bearish this time.
Moreover, I don’t think that Microstrategy would invest in Bitcoin and be wishing for it to decrease in price after they have invested in it. So, it doesn’t have anything at all to do with Microstrategy. That’s just how the market works, and it is currently bearish this time.
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The price of Bitcoin has been playing within $44,000 and $48,000 for the past week so any sharp rise and fall within this area is not really surprising and might not be something that is brought by a manipulative whale. But, you know, the price has always been affected by large day or short-term traders who must be making the most of any significant rumors and news. So the rumor that MicroStrategy will be buying once again must have led them to make orders. The same goes when the news of the actual buying hit the media pages.
rumor was terra luna was buying 10 billion in btc. I think people who use the word billions in conjunction with buying bitcoin are full of shit. What volume? Who did you buy it from. ALl I see is less than 1 coin available at most times, so I think most of these nigs are full of shit
For your information, Terra only bought some Millions worth of BTC but they promised to be the highest holder of BTC in the future.
Have you been following the news lately? Actually, this is not a rumor anymore as this has been hitting the headlines for the past days, and people are even following the wallet's activity. It seems Terra will indeed buy billions of dollars worth of Bitcoin. The plan is that Terra will buy a total of at least 10 billions in Bitcoin for the next 3 months as a reserve asset of their UST stablecoin. Accordingly, the purchase would be done by tranches of 125 million dollars per day.
I'd say it was coincidentally and the price drop was just a reaction from a very volatile asset. I don't know if there is manipulation from Microstrategy at all in this scenario if they did then they should have waited to get that drop before buying thousand bitcoins. Have you compare the past buys of MS and the market reaction? If it indeed the same then it might not be a coincidence.
The market is unpredictable but this is not the first coincidence, it happened a few times in the past. After the microstrategy announced buying more Bitcoin immediately the price will drop in the short term so OP has reason to be skeptical. It cannot be said that microstrategy is manipulating the market but the coincidence raises many questions.
If it only happened once then it might have been a coincidence.
I also agree the possibility is just a coincidence. MicroStrategy has accrued multiple times in the very early 2020s so far or earlier, but I don't see any reason if they buy accrual for a false impact on value. As many people think it is a trap. But I think Bitcoin's accumulation trend is very popular, Terra also bought more than 5k BTC in total during this consolidation trend. This is seen as a larger cumulative move in competition with Microstrategy. On the other hand, I think it's a FUD from the Fed that the market reaction creates naturally. It could very well be a coincidence. Also when Microstrategy announces their bitcoin purchase, it's not the same time they have purchased it. The purchase could have taken place much earlier than the announcement. So I don't see any other reason other than coincidence.
Also it is negative that a single company is buying so much of bitcoins. It's not good because they will have a great power over the price will be able to drive it according to their requirement. That's not good!
Yeah, that is correct, the announcement they make is not coming immediately after they have invested in Bitcoin. It is possible that it can take some time before they announced that they have invested extra money in Bitcoin.Also it is negative that a single company is buying so much of bitcoins. It's not good because they will have a great power over the price will be able to drive it according to their requirement. That's not good!
This is not the first time that I am seeing such a thing happen in the market, there have been other times that I have seen an announcement about an institution investing in Bitcoin and the market didn’t make any move to reflect that a huge investment has been made. So I can’t really explain it, although I would say maybe it is because the Bitcoin market is huge now and can’t be easily moved by such news.
Must very spike or drop in the price of Bitcoin be linked to some whale buying or another rich guy shitting in a toilet?
People who know markets also know that there is always an uptrend and a downtrend. A price of an asset can't just keep rising and rising minus any correction or else it starts to look like a Ponzi scheme (well, even Ponzi schemes collapse... eventually - Read Bitconnect)
That is the way many traders, especially newbies, think, and even if we were to concede and accept that explanation even if it is not true then why they do not do something about it and become investors instead? After all if the short term movements are being manipulated by the whales at almost every instance then why not just avoid it and invest for the long term? The truth is that deep down they know their explanation makes no sense and this is just a self-defense mechanism so they can avoid admitting they are not good traders. People who know markets also know that there is always an uptrend and a downtrend. A price of an asset can't just keep rising and rising minus any correction or else it starts to look like a Ponzi scheme (well, even Ponzi schemes collapse... eventually - Read Bitconnect)
I don't consider that a rug. I think short term investors taking profit. Bitcoin can't go up all the time. We needed a small dip to go futher.
That's is the behavior of the market someone needs to sell for someone else to buy , 42k was my price target from my analysis , the price deep was not a surprise to me 42k is an order block zone that the market needs to retest before further growth. From my trading experience , for every institutional play in the market, they always have to sell to buy. Expect market reversal soon.
Its simply a coincidence, the news of Microstrategy buying more bitcoin is good news for the market and not any manipulation. Their buying bitcoin and then bitcoin suddenly dropping in price if they are deliberately manipulating the market it is not in their favor at all.
Since Microstrategy entered the market they are trying to accumulate as many bitcoins as they can, they have not made any move to sell any bitcoins.
Since Microstrategy entered the market they are trying to accumulate as many bitcoins as they can, they have not made any move to sell any bitcoins.
Bitcoin sharply drop after Microstrategy announced they purchased a total of 4167BTC. The price is building a bullish momentum when the price drop coincidentally after the announcement. This is not the first time happened that involves whale company announce positive new while price moves in opposite way.
Does this institutional investors manipulating the price or traders is just using there news as a negative signal?
Probably it's just a coincidence but I noticed as well that it's not the first time that Saylor says he bought a ton of bitcoins and, after a few hours, the prices has a correction. I can't explain why and I don't think there is any kind of manipulation, maybe it's just bad luck...Does this institutional investors manipulating the price or traders is just using there news as a negative signal?
So this could be a coincidence again, it's like a curse? lol.
I really don't see any manipulation here as the act was bullish for Bitcoin.
The price of Bitcoin has been playing within $44,000 and $48,000 for the past week so any sharp rise and fall within this area is not really surprising and might not be something that is brought by a manipulative whale. But, you know, the price has always been affected by large day or short-term traders who must be making the most of any significant rumors and news. So the rumor that MicroStrategy will be buying once again must have led them to make orders. The same goes when the news of the actual buying hit the media pages.
rumor was terra luna was buying 10 billion in btc. I think people who use the word billions in conjunction with buying bitcoin are full of shit. What volume? Who did you buy it from. ALl I see is less than 1 coin available at most times, so I think most of these nigs are full of shit
For your information, Terra only bought some Millions worth of BTC but they promised to be the highest holder of BTC in the future.
Have you been following the news lately? Actually, this is not a rumor anymore as this has been hitting the headlines for the past days, and people are even following the wallet's activity. It seems Terra will indeed buy billions of dollars worth of Bitcoin. The plan is that Terra will buy a total of at least 10 billions in Bitcoin for the next 3 months as a reserve asset of their UST stablecoin. Accordingly, the purchase would be done by tranches of 125 million dollars per day.
Bitcoin sharply drop after Microstrategy announced they purchased a total of 4167BTC. The price is building a bullish momentum when the price drop coincidentally after the announcement. This is not the first time happened that involves whale company announce positive new while price moves in opposite way.
Does this institutional investors manipulating the price or traders is just using there news as a negative signal?
They don't have the responsibility to give us anything, whether a good or bad signal. What they're telling us shouldn't mean anything if you're a long term holder.Does this institutional investors manipulating the price or traders is just using there news as a negative signal?
But if you're someone who trades daily, that's really big info that you should consider with your trades. Besides, these pumps and dumps that has happened, it has come from the price under $40k so even if from $47k down to $43k, the price is still high when it had dumped a lot.
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I don't see any rug from Microstrategy and thats if you noticed the time of Bitcoin accumulation, they always buy when the market posed bearish momentum.
rumor was terra luna was buying 10 billion in btc. I think people who use the word billions in conjunction with buying bitcoin are full of shit. What volume? Who did you buy it from. ALl I see is less than 1 coin available at most times, so I think most of these nigs are full of shit
I don't know where you get the rumor but there's nothing like Terra (Luna) buying a Billion dollars worth of BTC but checking your post history you appear to have more hate for Bitcoin than love.
For your information, Terra only bought some Millions worth of BTC but they promised to be the highest holder of BTC in the future.
The price of Bitcoin has been playing within $44,000 and $48,000 for the past week so any sharp rise and fall within this area is not really surprising and might not be something that is brought by a manipulative whale. But, you know, the price has always been affected by large day or short-term traders who must be making the most of any significant rumors and news. So the rumor that MicroStrategy will be buying once again must have led them to make orders. The same goes when the news of the actual buying hit the media pages.
rumor was terra luna was buying 10 billion in btc. I think people who use the word billions in conjunction with buying bitcoin are full of shit. What volume? Who did you buy it from. ALl I see is less than 1 coin available at most times, so I think most of these nigs are full of shit
For your information, Terra only bought some Millions worth of BTC but they promised to be the highest holder of BTC in the future.
This has already happened 7 times in the past month or so.
Now check out how many times some arbitrary purchase took place by some arbitrary company...
Now check out how many times some arbitrary purchase took place by some arbitrary company...
It's really a problem for someone to look at the chart and see that things like this happen all the time, and that it has nothing to do with someone buying rather insignificant amounts of Bitcoin compared to total daily trading. People should already understand that Bitcoin is on the open market and that people sell and buy when they want it and how much they want it. So if someone decided to buy a villa, a yacht, and a Lambo while selling a certain amount of Bitcoin, should anyone blame him for that?
Considering the past two months, the price is more than stable and maybe even above expectations given the overall situation.
Just look at the charts without this news, we are clearly seeing the same pattern repeat itself and it is not a sharp drop by the way.
Price keeps going up to new highs after the bottom (usually close to $45k) tries to break it while suddenly a lot of dump takes place that prevents the breakout (aka market manipulation). This has already happened 7 times in the past month or so.
Now check out how many times some arbitrary purchase took place by some arbitrary company...
Price keeps going up to new highs after the bottom (usually close to $45k) tries to break it while suddenly a lot of dump takes place that prevents the breakout (aka market manipulation). This has already happened 7 times in the past month or so.
Now check out how many times some arbitrary purchase took place by some arbitrary company...
They are spending their bag full of money into bitcoins but the thing is they are investing at little dips and you can also see the average price is far less than the current rates.The btc is volatile asset and it's normal for it to go up and down so if you see the charts closely you will find prices sliding between $45-$47k range from few days.Saylor is having vision and investing in btc and want profits out of it which is possible in bull run only so they also want it.
I'd say it was coincidentally and the price drop was just a reaction from a very volatile asset. I don't know if there is manipulation from Microstrategy at all in this scenario if they did then they should have waited to get that drop before buying thousand bitcoins. Have you compare the past buys of MS and the market reaction? If it indeed the same then it might not be a coincidence.
The market is unpredictable but this is not the first coincidence, it happened a few times in the past. After the microstrategy announced buying more Bitcoin immediately the price will drop in the short term so OP has reason to be skeptical. It cannot be said that microstrategy is manipulating the market but the coincidence raises many questions.
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