Microstrategy rug us again?

[Wapfika]

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?

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[jackg]

If it only happened once then it might have been a coincidence.

I doubt microstrategy are doing market buys and just pushing the price up however most of microstrategy's announcements of buys have been near a downturn so maybe that's what people are expecting - this mightve just been part of a dca or an evolution of their strategy to match the market.

[mk4]

Think about it. Would it make sense for them to want the price to drop, literally just after pouring 200 million dollars? Wouldn't it make more sense for them to want the price to drop before their purchase?

Something something correlation is not causation.

[NeuroticFish]

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?

I've found a "sharp drop" only when zooming in to 1h or less.
The price has fallen back to the awful value we had at midnight. I am surprised you survived the price we had 4 days ago...

No. For now it's a dip for ants (Bitcoin price can easily change even 8-10% per day, now the overall is -1.30%) and I advise you look at the charts set to daily. It would benefit your hearth and your sanity on long term.
About manipulating - everybody who can earn a dollar off manipulating the market, will do it. And a lot of whales go by "buy the rumor, sell the news"; well, they've just "sold the news" (the whales, not MicroStrategy)

On long term, compared to what is that Korean guy planning to buy, this is really small.
Bitcoin price will keep going up and down. Manipulation may or may not be involved. Try to stop panicking because of that.

[fzkto]

Also saw this news that Saylor bought bitcoins again. On the one hand it is very positive news, because if they are buying, there is bound to be growth in the long term, they have never been wrong. But it very often happens that after they buy, the bitcoin price goes down in the short term. Basically, we can expect that now to buy some bitcoins as well!

[Little Mouse]

If it only happened once then it might have been a coincidence.

It's not a coincidence but either someway people think it’s bad or manipulation. Each time they announce of buying BTC, price goes down a bit usually. It should be up but going down. I don’t know why but people may think of it as bad because of someone getting more influence in the market. Maybe people are evaluating in that way lol.

[Vaskiy]

If it only happened once then it might have been a coincidence.

It's not a coincidence but either someway people think it’s bad or manipulation. Each time they announce of buying BTC, price goes down a bit usually. It should be up but going down. I don’t know why but people may think of it as bad because of someone getting more influence in the market. Maybe people are evaluating in that way lol.

The market drop isn't that big. It looks like the regular fluctuation in the market. People coincide the regular market movement along with the buying of more bitcoin by MicroStrategy. If this has made some disturbance in the market same as Elon Musk made, then we can connect the market drop along with the buying. People always think in such a way that massive holdings will drive the market and the same is happening now.

[Silberman]

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?

If there is a whale manipulating the market and forcing it to go down after MicroStrategy makes a purchase then you know it cannot be MicroStrategy, after all it does not make sense for them to buy bitcoin if they knew they will make the price to go down after it, it would be a better strategy for them to wait until they manipulated the market and then buy, so I think that you are just looking too much into it and this just a coincidence and nothing more.

[rhomelmabini]

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.

[avikz]

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?

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!

[franky1]

when people are looking at the hourly, daily or weekly charts.. PLEASE stop getting emotional

also when looking at these temporary events of hourly movement stop trying to pretend you know economics by using terms like 'bull' or 'bear'

true bull and bear runs, last for quarterly-multiple years..
bulls and bears are not terms used for hourly/daily movements

if you cant say dip/spike, hype/correction or up/down when referring to the temporary stuff. then you will grow a migraine trying to fend off all your animals in your head you think are running at you hourly

if you are wishing to stick with animal references. call the temporary dips/spikes something like calves/cubs (small bulls/bears)

[Yogee]

.... Does this institutional investors manipulating the price or traders is just using there news as a negative signal?

It's more like selling on the news which is a normal market reaction. There are still uncertainties with the Russia-Ukraine conflict that's affecting the global market so expect more people to quickly take profit when there's an opportunity even if it's just 10% or less.

[TimeTeller]

.... Does this institutional investors manipulating the price or traders is just using there news as a negative signal?

It's more like selling on the news which is a normal market reaction. There are still uncertainties with the Russia-Ukraine conflict that's affecting the global market so expect more people to quickly take profit when there's an opportunity even if it's just 10% or less.

Good scalping strategy these days will give you good profit.
But one should know that one wrong move and all those accumulated profits can be wiped out.
We don't know who or what is contributing to this up-and-down movement.
We can't attribute this trend from one institutional investor only because we also have no idea about their strategy.
Just keep your eyes open if you are heavily invested in this market. There are too many factors that are contributing to this market.

[sheenshane]

.... Does this institutional investors manipulating the price or traders is just using there news as a negative signal?

It's more like selling on the news which is a normal market reaction. There are still uncertainties with the Russia-Ukraine conflict that's affecting the global market so expect more people to quickly take profit when there's an opportunity even if it's just 10% or less.

One of those reasons or factors on Bitcoin sharply declined or, just a coincidence.
The market behavior was always like this and besides, we're still lucky because the market pumped for about 4 days and then the correction has occurred, together with the news of Microstrategy which also contribute to dragging down the price too much.  But now, look at the market, it seems it will resist and the price will increase again.

Whatever reason, don't look at the market by hours or by day, it makes you frustrated and results in panic selling, just aim for long-term holding while at the same time making a profit.

[Bitcoin_Arena]

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)

[hatshepsut93]

For Microstrategy to rug us, they would need to convince us to buy more Bitcoin, and then they would sell. But even that is not "rug" in a classic meaning of this word, because Bitcoin is a legit asset and not a project created for pump and dump. I fail to see how Microstrategy is manipulating the market if they only buy and never sell. Unless you have a proof that they sell on some OTC platforms or in other shady ways.

[TravelMug]

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?

Not sure, but this could just be a coincidence?

Maybe there is some people trying to manipulate but it doesn't make sense for Microstrategy to play the market since they have a huge investment already. So as a investors, you wouldn't want to have the price goes down after you purchased BTC. But there is a possibility that someone might be taking advantage of the announcement and trying to make a profit out of it.

[mildmanneredsuffering]

It would be great if one of those bitcoin billionaire promoters who lost so many people money over th last year was killed aat the conference, matbe a whole bunch of them. I can only dream

[Darker45]

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.

[mildmanneredsuffering]

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