But then again, do you think this might back fire on us in the longer term? We all know what these men are all after is to be in control and that's why BTC came into reality cancelling all that making everyone their own Government of their assets.
They're trying to control the supply of Bitcoin, but that doesn't mean they're going to control the Bitcoin you are owning, so it's not something that's going to affect us in the long run. Any valuable asset must follow the law of supply and demand. You should remember that they need to control the supply of Bitcoin to serve their ETF, if they make the price of Bitcoin too volatile, it won't do them any good of selling Bitcoin ETF to retail investors like us. I think they are trying to control the supply of Bitcoin to help them become the largest Bitcoin ETF Fund, and knock out the remaining competitors, thereby regulating the market development in a more sustainable way. Helps retail investors feel more secure with this type of asset. We are just small investors so we should not go against them. Instead of paying too much attention to what they are doing, we should try to accumulate as much Bitcoin as possible.
Topic: Will Blackrock control BTC? (Read 842 times)
Hey guys how y'all enjoying this bull run? So something got me thinking after reading this news about Blackrock filing to get more BTC for their Global Allocation Fund.
Y'all can read the news here, it's a minute or 2 minute read: https://cointelegraph.com/news/blackrock-buy-spot-bitcoin-etf-global-allocation-fund
I mean, the funds coming from ETFs are really showing its worth. I can see the excitement on everyone's faces that bought BTC. I also have benefited a lot from it, engaged in different events like the Welcome to bull run on Bitget, some farming airdrops on Binance and many more.
But then again, do you think this might back fire on us in the longer term? We all know what these men are all after is to be in control and that's why BTC came into reality cancelling all that making everyone their own Government of their assets.
Y'all can read the news here, it's a minute or 2 minute read: https://cointelegraph.com/news/blackrock-buy-spot-bitcoin-etf-global-allocation-fund
I mean, the funds coming from ETFs are really showing its worth. I can see the excitement on everyone's faces that bought BTC. I also have benefited a lot from it, engaged in different events like the Welcome to bull run on Bitget, some farming airdrops on Binance and many more.
But then again, do you think this might back fire on us in the longer term? We all know what these men are all after is to be in control and that's why BTC came into reality cancelling all that making everyone their own Government of their assets.
Blackrock seems to be very interested in participating in bitcoin's activities,and it seems like most persons are not happy with this blackrock intentions and exposure in the crypto industry.
BlackRock had previously launched a blockchain-themed ETF, a clear signal of intent,and since then,blackrock has announced their partnership and involvement in the crypto industry.
I don't think they have bad intentions in trying to be noticed and popular through the crypto space,Although,many people admire,proceeds and anticipate the positive influence of blackrock in the crypto industry.If blackrock is aiming at an inappropriate dominance over bitcoin,I think they should reconsider their subjective intiative.
If miner still want to mine bitcoin, I dont think they can control BTC. If the miner condition still like today posts, so they dont have a power to takeover network. But in the future, the possibilities always there.
If we talk about controlling price, they can do it. Or maybe they already made it, not using their company or affiliate company but using their agents
If we talk about controlling price, they can do it. Or maybe they already made it, not using their company or affiliate company but using their agents
They literally don't have control in the network of Bitcoin however they can manipulate the market since they have huge holdings that can be used in advantage to them either they wanted to buy more or they just want to make profit from their hefty investments. These institutions see Bitcoin to be the best and profitable asset compared to maybe other investments available around that is why they are jumping into it.
Remember it isn't Blackrock's money. They aren't making profit from ETF directly. They are only making profit from charging fees for the ETF. The money in the ETF is clients money.
People keep acting like the Blackrock ETF is Blackrock's money and they can do whatever they want with it to try to manipulate the market lol. Some of ya'll need to look up what an ETF is. None of this is Blackrock money. They just buy and sell based on the buying and selling of their clients. They are simply a middleman for clients who want access to bitcoin as an investment. Say it with me: "THIS IS NOT BLACKROCK'S MONEY" lol
Some of you would be so much less worried about irrelevant things if you learned some basic stuff before you started worrying.
Blackrock has no control over the Bitcoin network because that simply is not how Bitcoin works, and they aren't even buying any of the Bitcoin in their ETF because that's not how ETFs work. Stop worrying over nothing.
I think perhaps the poster who was concerned maybe saw the new influence that Blackrock is pumping into BTC such as the new job listings they have posted, among others, for "bitcoin core developers" Although this is just a hunch but I could be wrong .I also agree with you I think a lot of people are confused and most are truely unsure of what an ETF even is lol.
But then again, do you think this might back fire on us in the longer term? We all know what these men are all after is to be in control and that's why BTC came into reality cancelling all that making everyone their own Government of their assets.
I don't think there is anybody who can control the bitcoin network or even the market, and that is how it was designed. Regardless of someone's reputation in the crypto space today, there is no way you can control the bitcoin network or even the market, and that is how it was designed. Regardless of someone's reputation in the crypto space today, there is no way you can have control over it, and holder like an investor like other people do, and Blackckrock you are singing about is just a bitcoin holder like other people, so regardless of someone's reputation in the crypto space, I'm not sure if the bitcoin network or even the market can be controlled by another person, and that is how it was designed.
They have enough Bitcoin to manipulate the price to an extent but that does not mean they can control Bitcoin because no one can do that. They can achieve price manipulation by selling a large part of their Bitcoin followed by a tweet about their decision. This will trigger other holders to start panic sell, and they might decide to buy again thereby returning the price to the original price, this is how they will be able to manipulate the price because news is very important in Bitcoin. Many big whales do this in various markets, they are not loyal to anything, just the profits is what they play for.
exactly, they can manipulate because they hodlbitcoin more than what we are thinking, so this is the only thing they can do in the market because the price of bitcoin is all operating on their own, so the only thing I think may give them the mind to manipulate is by giving bad news about bitcoin, and if they invest, people will sell out their invested coins. If they invest, they will sell out their investments during the bear market since they hold large amounts of money to secure their money. So people will believe because they are the only ones, yeah.
Huge guys like Blacrock and Microstrategy will always have the means to control bitcoin's pricing but not its network. Also, it will be foolish of them to do so. Just imagine manipulating something that makes you money and the whole world seeing your actions? See how everyone lose trust and the value plummets. These institutions know that such actions will lead to distrust and loss of confidence from the masses. They will be left with paperweight the moment people know that they are cheating bitcoin. Price manipulation may pass, and people might just stop trading until the dust settles, but direct network manipulation? That's burning your own assets in hopes of making more.
That is actually good logic looking at this scenario. I don't think any company will act to ruin their image in the market. They are holding other people's assets, so they would want to build an image that they are really considering the long-term scenario for their funds. If they will participate in wash trading or whatever manipulative trading they can do, people will talk or see and so the trust may be questionable if they can really handle their money.
Let us put it this way, it is not in their best interest to manipulate the btc market. There will be repercussions that are of negative impact to their business, so I don't think they will do this to their own detriment.
They have enough Bitcoin to manipulate the price to an extent but that does not mean they can control Bitcoin because no one can do that. They can achieve price manipulation by selling a large part of their Bitcoin followed by a tweet about their decision. This will trigger other holders to start panic sell, and they might decide to buy again thereby returning the price to the original price, this is how they will be able to manipulate the price because news is very important in Bitcoin. Many big whales do this in various markets, they are not loyal to anything, just the profits is what they play for.
Huge guys like Blacrock and Microstrategy will always have the means to control bitcoin's pricing but not its network. Also, it will be foolish of them to do so. Just imagine manipulating something that makes you money and the whole world seeing your actions? See how everyone lose trust and the value plummets. These institutions know that such actions will lead to distrust and loss of confidence from the masses. They will be left with paperweight the moment people know that they are cheating bitcoin. Price manipulation may pass, and people might just stop trading until the dust settles, but direct network manipulation? That's burning your own assets in hopes of making more.
I mean, the funds coming from ETFs are really showing its worth. I can see the excitement on everyone's faces that bought BTC. I also have benefited a lot from it, engaged in different events like the Welcome to bull run on Bitget, some farming airdrops on Binance and many more.
But then again, do you think this might back fire on us in the longer term? We all know what these men are all after is to be in control and that's why BTC came into reality cancelling all that making everyone their own Government of their assets.
In terms of the amount of ownership supply it might be true that they will be the most holders of the purchase allocation but I am not sure they can control bitcoin fully. If we are too worried about these people who will control everything then I will see that the market process will be determined how the demand and supply are interconnected. The possibility of full control cannot be done and maybe they can manipulate the market under certain conditions and my assumptions do not go according to what is planned.But then again, do you think this might back fire on us in the longer term? We all know what these men are all after is to be in control and that's why BTC came into reality cancelling all that making everyone their own Government of their assets.
I believe enough that Blackrock, ETF and other companies only care about business to generate profits, then why are we too worried about the full control of the bitcoin they have. Because there is no way to control fully because Bitcoin has a much stronger nature to defend ourselves so that today we see its power is far more developed than some assumptions regarding control.
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I personally think that since they have a huge amount of bitcoin holdings they can manipulate the market lightly for a while but no one has the power to control the overall bitcoin. Because it is based on decentralized peer-to-peer ecosystem. Satoshi Nakamoto's intention was to employ a currency without any central control over which only the owner of the wallet would have control. And if you look at the supply of bitcoins 21 million, we have received 3 million as gifted, which is thought to be lost. So around 18 to 19 million will spread over the whole world's people. And the more people adopt it, the more powerful Bitcoin will be, and it is happening day by day. But the concern is that Bitcoin is a decentralized eco-system but Blackrock is centralized. And many people are opening their accounts here with their own personal information, creating some obstacles to decentralization.
I mean, the funds coming from ETFs are really showing its worth. I can see the excitement on everyone's faces that bought BTC. I also have benefited a lot from it, engaged in different events like the Welcome to bull run on Bitget, some farming airdrops on Binance and many more.
But then again, do you think this might back fire on us in the longer term? We all know what these men are all after is to be in control and that's why BTC came into reality cancelling all that making everyone their own Government of their assets.
But then again, do you think this might back fire on us in the longer term? We all know what these men are all after is to be in control and that's why BTC came into reality cancelling all that making everyone their own Government of their assets.
What you should know is this, the ETF market depend on real Bitcoin, if Bitcoin doesn't move, there is no way for Blackrock and his boys to.make profits. So for the Bitcoin ETF price to pump, Real Bitcoin must pump and that's going to be a win win for the two Bitcoin coexistence and that means Blackrock must have whales that controls two or three centralized exchanges who are large with liquidity for them to control the Bitcoin market and everyone who trade bitcoin, they need to drag everyone with liquidity available.
On the dominance level of shifting Bitcoin from decentralized assets to centralized assets, that's depend on what other rich wallets do when they notice there is a sign of Bitcoin becoming centralized and I doubt if Blackrock will try to out smart the rest of the market because I know one thing about Bitcoin, anytime a person is trying to prove they are smarter than others in the Bitcoin community, they cancel them until they become irrelevant. Terra Luna use to have thousands of Bitcoin back then but today, where are they? In the prison for manipulating the crypto market.
They are just selling the news for the bull market, wait till the bear market and you don't hear anything from them again. It's the money market a lot of things go around when the price push is here. We need some influencers that make bitcoin on the top of the invesment magazine every time now, last bull was Elon Musk.For some people all these news are signals to take a position and move out.
Why are you so short-sighted? why does bitcoin need influencers to trade? bitcoin doesn't need it but we are the ones who need bitcoin, for an investment place and for a place to store wealth without the intervention of any third party, only we ourselves can access our wealth. even when blackrock exits bitcoin or elon who you think is a bull doesn't care about bitcoin, bitcoin will not be affected and the bitcoin network will continue to run and adoption will continue to increase along with technological developments. 
But these bitcoins don't belong to Black Rock, they belong to the people who bought ETFs... If everyone decides to sell their ETFs, Black Rock won't even have 1 BTC in their accounts... So, Black Rock's control of the currency is something that doesn't make any sense.
Hey guys how y'all enjoying this bull run? So something got me thinking after reading this news about Blackrock filing to get more BTC for their Global Allocation Fund.
Y'all can read the news here, it's a minute or 2 minute read: https://cointelegraph.com/news/blackrock-buy-spot-bitcoin-etf-global-allocation-fund
I mean, the funds coming from ETFs are really showing its worth. I can see the excitement on everyone's faces that bought BTC. I also have benefited a lot from it, engaged in different events like the Welcome to bull run on Bitget, some farming airdrops on Binance and many more.
But then again, do you think this might back fire on us in the longer term? We all know what these men are all after is to be in control and that's why BTC came into reality cancelling all that making everyone their own Government of their assets.
I have seen the bull run but did not enjoy the results of this bull run. I have invested my bitcoins to hold for long term and I hope someday I will definitely get a lot of success. But those who invested from deep dips today have seen a lot of success in their investments and are feeling very excited. I have always used the DCA method of investing because of which I have had more success and I have been more excited. I don't know what will happen next but I expect to see more success and be more excited in the next bull market. Y'all can read the news here, it's a minute or 2 minute read: https://cointelegraph.com/news/blackrock-buy-spot-bitcoin-etf-global-allocation-fund
I mean, the funds coming from ETFs are really showing its worth. I can see the excitement on everyone's faces that bought BTC. I also have benefited a lot from it, engaged in different events like the Welcome to bull run on Bitget, some farming airdrops on Binance and many more.
But then again, do you think this might back fire on us in the longer term? We all know what these men are all after is to be in control and that's why BTC came into reality cancelling all that making everyone their own Government of their assets.
No one can control bitcoin no matter how much coins they have. I think rather
than companies, we need to start thinking of the governments. I also don’t think
they have the ability to control bitcoin as a whole but they can definitely implement
rules and regulations that would force their citizens to obey.
If it’s about price, well there’s a lot of whales in the market and they are
careful enough to use different strategies as to not disturb the entire market
when they are buying or selling.
than companies, we need to start thinking of the governments. I also don’t think
they have the ability to control bitcoin as a whole but they can definitely implement
rules and regulations that would force their citizens to obey.
If it’s about price, well there’s a lot of whales in the market and they are
careful enough to use different strategies as to not disturb the entire market
when they are buying or selling.
I mean, the funds coming from ETFs are really showing its worth. I can see the excitement on everyone's faces that bought BTC. I also have benefited a lot from it, engaged in different events like the Welcome to bull run on Bitget, some farming airdrops on Binance and many more.
But then again, do you think this might back fire on us in the longer term? We all know what these men are all after is to be in control and that's why BTC came into reality cancelling all that making everyone their own Government of their assets.
But then again, do you think this might back fire on us in the longer term? We all know what these men are all after is to be in control and that's why BTC came into reality cancelling all that making everyone their own Government of their assets.
This is not the first time we are seeing such things. Grayscale Bitcoin were there before Bitcoin ETF were later approved by the security exchange commission (SEC) and what happen when GBTC were been traded? There impact on Bitcoin was liquidity which was the Bitcoin they were buying ast the trusts funds were increasing but that doesn't threaten Decentralization, the security and the scalability, more like they were in their own world of Bitcoin(GBTC) and native Bitcoin was doing it own and the Bitcoin they hold that time wasn't upto 1% of the total circulation, I don't think this ETF will be able to manipulate anything other than the price.
Whatever Blackrock or Microstrategy who are now the biggest holder of Bitcoin does, they can influence the price but on the properties of Bitcoin, they can't do anything and I hope they don't use investors Bitcoin like the way FTX did back then when they were using peoples fund and thinking of way to move the price further to recoup what they have spend within the company. Don't trust anything related to Bitcoin companies such as GBTC or any other Bitcoin ETFs.
Im not worried about Blackrock or Microstrategy per se, or any of the other big players in the field, what is to consider is that they all fall under the same jurisdiction, the US jurisdiction. That is to say, they all have to follow US laws. So if the government decides to push for X or Y or Z fork that contains some feature they want, they would be forced to comply or else face penalties. At that point they either fold or move their business elsewhere. Here I can see Saylor winning since he has a lot more leverage in the full sense of the word when it comes to choosing how and where they run their business. With Blackrock im afraid they are stuck, if they aren't US agents since day 1 that is.
They are just selling the news for the bull market, wait till the bear market and you don't hear anything from them again. It's the money market a lot of things go around when the price push is here. We need some influencers that make bitcoin on the top of the invesment magazine every time now, last bull was Elon Musk.For some people all these news are signals to take a position and move out.
Black Rock does not and will not control BTC if you implied about control on Bitcoin network.
They can have big shares in Bitcoin circulating supply but control the network, they won't have that power.
Black Rock started to show something big in the last year by investing in 4 of 5 biggest Bitcoin mining companies.
BlackRock is a major shareholder in 4 of the 5 largest Bitcoin miners. And they also spent their resources for Bitcoin Spot ETF application against SEC. Finally they succeeded and they are buying a lot of bitcoin last 40 days. Already surpassed MicroStrategy as a biggest public company holds Bitcoin.
https://bitcointreasuries.net/
They can have big shares in Bitcoin circulating supply but control the network, they won't have that power.
Black Rock started to show something big in the last year by investing in 4 of 5 biggest Bitcoin mining companies.
BlackRock is a major shareholder in 4 of the 5 largest Bitcoin miners. And they also spent their resources for Bitcoin Spot ETF application against SEC. Finally they succeeded and they are buying a lot of bitcoin last 40 days. Already surpassed MicroStrategy as a biggest public company holds Bitcoin.
https://bitcointreasuries.net/
Exactly.
They hold more Bitcoin currently and have the biggest share, I think they can influence bitcoin price but not necessarily the bitcoin network.They only are investing rapidly into the market and thus expanding the bitcoin ecosystem but the bitcoin network is entirely out of the control of anyone or organisation.
Blackrock aim is for profit making not taking over a network that is decentralized.
But my question is why do they need to control the bitcoin network ? They are an investment fund and their main goal is profit so they will manipulate the price of bitcoin and that is what they want . I think they don't care about the bitcoin network or the outstanding features of bitcoin like decentralization or privacy...what they want is just the price of bitcoin and how they can make maximum profit from it.
We always talk about the bitcoin revolution, the decentralization of bitcoin, but what we care about most is the price of bitcoin, we are just like them but not too many people dare to admit this.
Well, for obvious reasons. To control people's money. Why do you think the governments are against us using the exchange to save our money? and why do you think Binance is always their target?
But is true that what we have always been after is the manipulation of price but these big men "most," are too greedy. They might think they have won, but is good to know that other good exchanges like the one I mentioned are in existence so I don't think they will have much power after all
People with a lot of money will always find ways to manipulate or do anything that benefits them, if we were them, we would be like them. So I wouldn't call them greedy people because we are no different from them . Who doesn't want to have a lot of money, who doesn't want to own a lot of bitcoin ??
They're more into the actual holding of more supplies than ever and it has been planned by them. They'll start to have big influence over the market by doing so.
I'm afraid that this might result into actual manipulation where in we've been talking about manipulation years ago and now this might come into reality that we know some institution that can actually do the thing.
I'm afraid that this might result into actual manipulation where in we've been talking about manipulation years ago and now this might come into reality that we know some institution that can actually do the thing.
Like someone who actually gets this, very soon it would big players vs retail investors and I Don think we have that power to play that game, they could cause a dip that can shake everyone's hands and raise the price up so high, just by manipulating the supply and demand of bitcoin besides that have the quantity to do so.
The only way I see that this might not happen is if they are afraid to lose their holdings to other big players that would be more than ready to by what they have sold. That way we could have quite the balance but this would only work when they are two companies have equal shares of bitcoin or almost same amount.
We've seen it many times and that's why I am not scared with these institutions getting in the game because many have even thought of that long time ago when bitcoin was just nothing to most people.
Now that they're here, we can't do anything but to embrace the actual situation and changes.
No and it will not control all of the bitcoin simply because Bitcoin itself is decentralized there are dozen ton of people holding bitcoin right now and there are diamond hand too.
and everything back to supply and demand and when blackrock has a huge supply but no demand the coin will be worth less tho it is impossible at this point.
so no Blackrock maybe only hold huge amount but not gonna control all of it
and everything back to supply and demand and when blackrock has a huge supply but no demand the coin will be worth less tho it is impossible at this point.
so no Blackrock maybe only hold huge amount but not gonna control all of it
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