BlackRock wants to reduce the price of Bitcoin

[virasog]

There have been rumours 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 really true or if it is just a rumour.

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.


https://www.binance.com/en/feed/post/1026075

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[Faisal2202]

That's not good for the crypto industry as big companies always tried hard to manipulate the market and filled there bags up. This threat of manipulation is not only from BR instead many other big giant companies interested in BTC wants to take entry at lowest point.

The only thing holding BTC back is the trust people have in it. IMHO, such platforms will only face failure once the public having trust in them will see there true face. By true face I mean how they wanted to manipulate the market (if they really wants to).

We should always prepare for the dips and should not act upon these dips and sell in loss. But those who are in future can not prevent from such dips, the only advice I have for those is left the future start doing accumulation as now is the time. Not a financial advice.

[_act_]

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

Who wants to buy bitcoin at high price? People will prefer to buy bitcoin at a low price and expect the price to increase.

I do not see any manipulation.

That's not good for the crypto industry as big companies always tried hard to manipulate the market and filled there bags up. This threat of manipulation is not only from BR instead many other big giant companies interested in BTC wants to take entry at lowest point.

Where is the manipulation? I do not see anything that I can point to that indicates that Blackrock wants to manipulate bitcoin  price.

[Eternad]

The original source of this speculation is just trust me bro. Ofc Blackrock and anyone who wants to invest on Bitcoin wants to invest on cheaper price but that doesn’t mean that the price will adjust so that they can make an entry.

This kind of narrative is a wild speculation to backup the hypothesis that the current dump is due to Blackrock trying to bring the price down while the crypto is just experiencing a natural price correction in reality.

Reading online speculation will just make your mind confused about this conspiracy theory that doesn’t have proof supporting it.

[ImThour]

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.

[cabron]

The big players are now in crypto, maybe they are right Elon's rumor that he sold his BTC recently I think is just one blow from the big boys. There are a lot of institutions coming into crypto who are also expecting their ET to be approved of course they want prices to be more affordable for them.

I would really believe there is truth to this if they can drag the price below $20,000. But if it goes up instead, its a loss for those who believed.

[Ale88]

Would I be surprised if BlackRock are actually trying to manipulate the price? Absolutely no. Do I think they are doing it? It could be. Would they be the first ever to manipulate (or trying to) bitcoin's price? Absolutely no, they won't even be the last. Anyway there are always less and less people selling their bitcoin at these prices, maybe we could go down a couple of thousand dollars more but I think it's extremely unlikely that we can go much further than that.

[ZAINmalik75]

The big players are now in crypto, maybe they are right Elon's rumor that he sold his BTC recently I think is just one blow from the big boys. There are a lot of institutions coming into crypto who are also expecting their ET to be approved of course they want prices to be more affordable for them.

I would really believe there is truth to this if they can drag the price below $20,000. But if it goes up instead, its a loss for those who believed.

We should not believe and make decisions based on such unofficial news, like the one who made withdrawals from exchanges and dropped the market more back on August 17 just because they heard unofficial news of Elon's SpaceX selling BTC. In fact, I still think there is no confirmed news or announcement that could confirm that they really sold the BTC. But the point is, whether they have sold or not, why are we acting upon them? We should have faith in the market instead of these manipulators.

I am not denying the fact that these whales and big icons have had an impact on the crypto industry, but at least we have to trust BTC from our side. I am also not denying the fact that many traders, like in margin trading, have to make decisions based on such selling and buying, but those who intend to hold should really not sell. But I think loss and profit are things that happen all the time, and if people start to believe in such things and make trades or existing trades based on unofficial data, then they might really face losses."

[OgNasty]

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.

[EFS]

Meh, even if that's true I don't care. They want to accumulate more, so am I.
Bring some more cheap coins by manipulating the market. I won't sell, I'll buy. Let's see who will win this fight.

[The Cryptovator]

I have doubts regarding the news; it could either be true or false. If you possess any dependable sources, kindly share them. Anyone can openly contribute to the Binance feed without limitations. However, it's worth acknowledging that significant entities like big whales or institutional investors could potentially influence the market to their benefit. Despite the potential harm to current holders, preventing such actions is challenging. It might be wiser to leverage their manipulations to potentially gain from them.

[Cricktor]

If I were BlackRock I'd spread such rumours, too. That's the cheaper way trying to manipulate the market because there are far too many people who take such news/gossip/rumours for granted, regardless of the sources. Personal search bubbles and echo chambers do the rest. Some weak hands might loose their nerves (and coins in the end), but that's likely not enough momentum to produce a significant shift of the market for such players like BlackRock.

Or what do you think they could use as toolset to achieve what this gossip is about?

[Cryptomultiplier]

There is much news about Blackrock these days and one that almost confirms what you just narrated, OP, is that it is now the 2nd largest shareholder in 4 biggest Bitcoin mining firms.
I just got the signal from my social media platform and although I don't know how legit the information is, it sure means that we would be experiencing some movement in the crypto market, mostly as it concerns BTC investments and trading.

[Ndabagi01]

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.

[PX-Z]

I don't really follow or believe that the market is heavily controlled by these large companies.

They can't control the market but they can heavily affect huge part of it once they sold their holdings and/or buy.

How true the rumor is? How they can crash the market if they never sell, and how they can sell if they never bought. Only FUD and FOMO can affect most traders to sell or even buy in panic where market is going up or down suddenly in huge lap.

[Hispo]

I wonder what kind of tactics they may try to push forward to manipulate the market. If this news are true then I would not surprised if during the beginning of the new year we started to see more news about advances within the field of quantum computers and their incoming threat to Bitcoin, they may try another campaign to spread FUD using the energy consumption of the network, as it has happened before.

They may try anything to scare the average trader into selling their satoshis and trigger stop losses.

In the end, it does not matter for long term holders, if anything this may become a new opportunity to accumulate some satoshis at lower price before the halving. Let us see what they got.

[BlackBoss_]

There have been rumours 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 really true or if it is just a rumour.

You don't need news, rumor to know that whales and market manipulators will do their games to get as cheapest price as possible for their accumulation.

Need example, you can take the market crash in March 2020 when it was very close to the Bitcoin halving in May 2020 but unfortunately price crashed a lot. Many people surprised and lost money if they use leverages, got forced liquidations. In contrast, whales accumulated cheap bitcoins.

[UmerIdrees]

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.

Is there any tentative date for this event to take place? The better solution would have been to give an equivalent worth of fiat money to the  mtgox victims because at that time the bitcoin price was very very low and if this mtgox haven't happened, they would have sold all their bitcoin long before. Getting those bitcoin now is like those victims are being giving a lottery or something.

There have been rumours 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 really true or if it is just a rumour.

You don't need news, rumor to know that whales and market manipulators will do their games to get as cheapest price as possible for their accumulation.

Need example, you can take the market crash in March 2020 when it was very close to the Bitcoin halving in May 2020 but unfortunately price crashed a lot. Many people surprised and lost money if they use leverages, got forced liquidations. In contrast, whales accumulated cheap bitcoins.

Let's suppose it is not a rumour, even then it is good that the price comes down so you and me can buy more bitcoins. It is not like the bitcoin price will come down and never go up again. The dump will be temporary and we should have a plan to take full advantage of it. Since we do not know the exact bottom, keep on DCA on every support of Bitcoin.

[Blitzboy]

Rumors are just that : rumors. Although its quite feasible that powerful financial institutions may try to sway the market, Bitcoin's decentralized structure provides the biggest barrier to such actions.

Sure, it may appear opportunistic and perhaps a little self-serving if BlackRock or any other institution tries to profit from Bitcoin by briefly driving the price down. But lets consider this from the perspective of an economist: its a signal. a sign that they believe Bitcoin may one day be valuable. And isnt it sort of a compliment to the crypto community in some ways?

The bottom line: Pay attention to the wider picture rather than getting sucked by rumor. Although the road ahead may be difficult, the community's tenacity will carry Bitcoin through its mission to democratize finance.

[Agbe]

I am suspecting that the bigger boys (big companies) in the cryptocurrency world are in competition to acquire more bitcoin to their firms and manipulate the market to the direction they like. Those who are not rich to buy more to their portfolio suffered more to the hands of the few whales. If Blackrock decided to buy more bitcoin when the price goes down then the recent price drop is good for them to buy. Now the halving is very close again so they can also wait for the halving to acquire the unit they want. And if they are planning to make the market crash before buying, some of the investors will be afraid and traders will be scared because they might loss when it drop. So that might make them to steer clear from the market now.