BlackRock wants to reduce the price of Bitcoin

[Abiky]

Yes, wealthy institutions like governments and corporations may want to control Bitcoin's price. Decentralization makes it difficult for one entity to control Bitcoin. Some power exists for the large players, but manipulation "behind the scenes"? Lets not make this a conspiracy without substantial evidence.

Bitcoin "hodling" makes sense given its history. Diversification helps reduce spending risk. Bitcoin's future looks bright, but dont make money decisions on hope. Prepare, plan, and proceed gently.

Yes. There's not enough evidence to prove that manipulation is happening "behind the scenes". We're just assuming big companies and the government are doing it. What we should do is take advantage of the situation to accumulate as much "cheap" Bitcoin as possible. If you accumulate a substantial amount of BTC now, you'll be able to reap huge rewards once the market turns bullish again. The sky is the limit to how high BTC can go.

As with any investment, never make your decisions based on hype or someone else's opinion. You must do your own research to help determine what's best for you. Who knows if you get lucky someday? Just my thoughts

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[darkangel11]

We're just assuming big companies and the government are doing it.

Governments are doing it that I'm sure of and I can prove it to you.
When bitcoin was reaching its ATH of 60k in 2021 the price crashed by 50%. Do you know why?
China banned miners and those miners had to sell everything and move somewhere else, which created a strong pressure on price and dropped hash rate.
Traders seeing hash rate crash along with price, sold their coins created a cascade.
Why did they announce the ban right when bitcoin was in its strongest bull run since 2017? It was manipulation.

[Abiky]

Governments are doing it that I'm sure of and I can prove it to you.
When bitcoin was reaching its ATH of 60k in 2021 the price crashed by 50%. Do you know why?
China banned miners and those miners had to sell everything and move somewhere else, which created a strong pressure on price and dropped hash rate.
Traders seeing hash rate crash along with price, sold their coins created a cascade.
Why did they announce the ban right when bitcoin was in its strongest bull run since 2017? It was manipulation.

Now we see China "changing its mind" after the rising popularity of Bitcoin worldwide. It wants to make Hong Kong the next crypto hub. Talk about manipulation. They will "pump" market prices for a short time, before they "dump" them for good. It's like a "rollercoaster" ride if you ask me. If governments are doing it, don't you think a giant investment company like BlackRock won't do the same? You can see why the wealthy always win, while average people are "left behind in the dust".

Considering that entities with big interests are heavily-invested into Bitcoin, it's most likely market prices will soar above $1m in the future. I'd buy as much "cheap" Bitcoin as I can before it's too late. The more you buy, the higher your chances of becoming rich will be. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about.

[Ale88]

I don’t know if I’d blame Blackrock solely for this recent drop in price. It makes sense that big players would want the price to drop though. Knowing that a ton of BTC from mtgox will be sold at any price as soon as customers get their hands on it, the logical thing is to get the price as low as possible to advantage of that coming scenario.

I wouldn't. Bitcoin price has been manipulated by whales way before BlackRock would join the game, let's not forget that until a few years ago BlackRock's CEO (or someone in a very high position) openly declared that bitcoin was a scam, so they are pretty much the last people who changed their mind. Will they try to manipulate the market in the future? Probably. Can they now? I don't think so.

[bettercrypto]

Well, there are a lot of positive expectations about Blackrock. Someone else is speculating that if Blackrock is approved in ETF, around 150 billions can be added to the Bitcoin market, although no figure has been shown as to how this will happen, and now on the subject, this refers to being reduced. the price value of Bitcoin.

But no matter what the result or outcome of this thing is, it is still guaranteed that the price value of Bitcoin will increase.

[KiaKia]

Even billionaires don't like buying things at a high price, it's always business, the earlier you know this the better it will be for you, just because you have the money to spend doesn't mean you should spend it anyhow, this is what retains the rich as rich on the long run, haven't you heard about rich people going broke? It's the beginning of begging broke once you start buying things simply because you can afford It, that's not good for your money and business.

There is nothing wrong for Black Rock and others aiming to buy Bitcoin at a lower price, I mean that's what will make everyone want to get their hands on Bitcoin, it's for their own good and also mine, because I don't like Buying the tops, how will you make profits when you are already buying the tops? At that point, no one will want to buy from you.

This is not a manipulation dear, it's you that want rich men and big companies to go broke, because you expect them to buy Bitcoin at a high price, you care about yourself only and that's selfishness, just think for once, what will you do if you are the owner of Black Rock? Buy the tops? I don't think so.

[Abiky]

Even billionaires don't like buying things at a high price, it's always business, the earlier you know this the better it will be for you, just because you have the money to spend doesn't mean you should spend it anyhow, this is what retains the rich as rich on the long run, haven't you heard about rich people going broke? It's the beginning of begging broke once you start buying things simply because you can afford It, that's not good for your money and business.

There is nothing wrong for Black Rock and others aiming to buy Bitcoin at a lower price, I mean that's what will make everyone want to get their hands on Bitcoin, it's for their own good and also mine, because I don't like Buying the tops, how will you make profits when you are already buying the tops? At that point, no one will want to buy from you.

This is not a manipulation dear, it's you that want rich men and big companies to go broke, because you expect them to buy Bitcoin at a high price, you care about yourself only and that's selfishness, just think for once, what will you do if you are the owner of Black Rock? Buy the tops? I don't think so.

Of course. No one in their right mind would buy BTC at a high price. Everyone wants to buy it cheaper to sell it at a higher price in the future. BlackRock seems to be heavily-invested into Bitcoin, so I would expect a massive "pump" soon. It's likely large investment companies like the one mentioned will "make the move" after the BTC halving.

Why complain about their movements when you can do the same? After all, it's a "free market". Whales and the wealthy will continue to manipulate market prices for their own convenience. The question is: Are you buying? 

[Ale88]

The question is: Are you buying? 

I am. This price is too good to let it go, maybe it will go down to $22-24k, who knows, but it's not a big difference especially if we look at the big picture: halving and ETFs. If in the next 2 years reaches $150k or even more who cares buying at $24k or $27k, it's still a great profit anyway, and personally I prefer not to risk, some people always wait for a better price and they end up missing big buying opportunities.

[Smack That Ace]

The question is: Are you buying? 

I am. This price is too good to let it go, maybe it will go down to $22-24k, who knows, but it's not a big difference especially if we look at the big picture: halving and ETFs. If in the next 2 years reaches $150k or even more who cares buying at $24k or $27k, it's still a great profit anyway, and personally I prefer not to risk, some people always wait for a better price and they end up missing big buying opportunities.

I also believe that people who always wait for lower prices to buy will never even buy bitcoin. Not only are they greedy, they are also people who do not have enough faith in bitcoin, they are afraid that bitcoin will decrease more if bought in and will cause them to lose money. Those people will often become losers because when the price of bitcoin increases, they will start Fomo and buy for fear of missing out on the price increase.

Indeed, if our goal is to sell at $100k or $150k then buying at $27k or $22k won't make much of a difference unless someone invests billions of dollars into bitcoin.

[Abiky]

I am. This price is too good to let it go, maybe it will go down to $22-24k, who knows, but it's not a big difference especially if we look at the big picture: halving and ETFs. If in the next 2 years reaches $150k or even more who cares buying at $24k or $27k, it's still a great profit anyway, and personally I prefer not to risk, some people always wait for a better price and they end up missing big buying opportunities.

There are some people waiting for BTC to go lower in price to "make the move". They're afraid getting in now, as they believe prices will continue to go all the way down "rock bottom". We can't tell whenever that will be the case due to the unpredictable nature of the crypto market. All we can do is buy BTC regardless of its market price and wait to turn a profit in the long run.

I'm confident Bitcoin will go well above $100k due to ever-increasing demand from companies, businesses, and individuals alike. Combine the approval of a spot Bitcoin ETF, as well as, the halving of 2024 and market prices won't go back to $24k ever again. Maybe BTC will go as far as replacing Gold someday?

[DapanasFruit]

As long as we are in the market for anything including cryptocurrency, we have to accept that there will always be manipulations happening mostly behind scenes or beyond what an ordinary guys like me can see. Blackrock is known as a supreme manipulator of many things though so far no credible victim or witness has come forward with their stories...so for the meantime everything revolves around making money, money and money. We should always remember that Blackrock rejected Bitcoin before as just another scam or Ponzi scheme but is now loving it like a man under a "first love" pheromone. that alone should be telling us its intention and goals. Now, since we can never fight against Blackrock we might as well go with it by buying BTC at a lower price.