BlackRock wants to reduce the price of Bitcoin

[siedemtrzy]

Yeah, I've seen it on Twitter already. It's all rumors, but sounds kinda legit. I mean, that's possible and I guess that's something that you would do if you can, and they definitely can. The only problem is that we can't do anything about that. besides buying BTC while it's cheaper which is nice.

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[Fivestar4everMVP]

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.

Giving the kind of world we live in , this possibly can be true, I mean who wouldnt want to buy Bitcoins are cheaper rates today, and then watch it do x20,000 or more the next day and going forward ? That is the natural greed In us as humans.
Like for example, If I myself had the power to return Bitcoin back to $3 , I would do it and buy as much Bitcoin as possible, then use the same power to take Bitcoin to $400,000 and above, when it is all about business, I tell you that no body wants to make any type of loss, we all want to profit, as much as possible, and those who have the power will use it to maximize this profit ..

Blackrock might have such plans to crash the price of Bitcoin so they could buy at a cheaper rates, but this can only work if the market gives them the chance, if the market gives them no chance for such manipulation, then they will have just two choices ,either to buy at this current price, which to me is still relatives cheap for the rich, or forget about buying Bitcoin, and Bitcoin will still grow with or without them .

[Faisal2202]

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

Where did I say BlackRock only is trying to manipulate the market. Instead I said big Companies (plural--> indicated more than one companies more than once entities). Even I clarify that in the post and you could see that in the quoted post too. I think an extra glance should be given before bashing someone out or easy targets.

[Asuspawer09]

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

Well that's kind of funny I mean a lot of companies are already investing in Bitcoin actually but they are going to need to be huge in order to manipulate the market, We all accumulate Bitcoin here, buying Bitcoin every time in order to get profit in the coming Bullrun or invest for long term so buying Bitcoin would just increase the market price of Bitcoin even though they sell it I dont think it would make a huge impact, If people or investors are going to sell as well or get manipulated when the market price drop they just dont deserve the profit reward in the Bullrun. The market surely is a big risk for a lot of investors so this kind of manipulation is just nothing for real diamond hands investors.

Also, this news doesnt have any legitimate source so I dont really think it's true but I guess people just need to read articles so that they can make decisions, I mean there are a lot of cases of fake news online but as long as a lot of investors see that news there might be a or it could affect the market.

[macson]

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.

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

blackrock is dreaming of being able to manipulate bitcoin prices LOL

although it is still quite vulnerable to price manipulation but for company like blackrock i can't find a trick that works for them to be able to manipulate bitcoin prices, they don't have that much money to drive bitcoin prices and also they can't get into the minds of many bitcoin investors to sell everything bitcoin assets that they have so that prices are manipulated.

bitcoin has always been a decentralized asset, its creator uses a pseudonym, its number will always be 21 million, and has a strong support community which not afraid of intervention... the things above alone are a strong foundation for the price of bitcoin cannot be manipulated by anyone including blackcrock.

[aoluain]

Blackrock is the largest asset manager in the world with over $8,000,000,000,000 worth
under management and while they might be able to manipulate the market my thoughts
are that if it happens everyone will benefit, as someone above said "who wants to buy
expensive Bitcoin?" and I'm not in any hurray to sell all of my Bitcoin in the short term so
I'm guessing if Blackrock want to buy up any surplus Bitcoin in the short term the
supply v demant will kick in.

[BlackHatCoiner]

Haven't you guys been bored already with speculation? It's impressive to me that the most active topic, in all epochs, be it bear or bull, is speculation. "BlackRock wants to reduce the price of Bitcoin", it reminds me of the title from the news, trying to catch the eye.

Here's something non-speculative: we have absolutely no fucking clue what's BlackRock's business with bitcoin, if there is any in the first place. It wouldn't surprise me if there is none, and we've associated them with bitcoin because of Twitter accounts trying to get attention.

There have been rumours

“The biggest liar in the world is They Say.” ― Douglas Malloch

[stompix]

I don't know if this news is really true or if it is just a rumour.

Neither!
For the first part is pure garbage for the second one is 100% copium!

Let's get over the part on how on earth is Blackrock managing to suppress the price only to raise it after for...what? We're talking about a fund in trillions that is risking its reputation for ...what?

Now, the real stuff, if they are hurting the Bitcoin price, they would hurt their own investments:
https://finbold.com/blackrock-is-a-major-shareholder-in-4-of-the-5-largest-bitcoin-miners/
They have a 400 million exposure on just 4 mining companies, already mining is barely profitable, some are quite deep in trouble , and bringing the price even closer to 20k might mean bankruptcy for them, so why risk it? Just to make sure some understand the figures, they have 6 times more money invested in just a few companies out of many than all the money Salvador has put in Bitcoin!

But forget mining, Blackrock holds :

BlackRock reported that it held 6.71 million shares of MicroStrategy as of June 30, 2023, which gives it a 15.2% stake in the company. According to MicroStrategy’s latest quarterly report, the firm had 151,079 Bitcoin as of June 30, 2023, valued at $7.1 billion.

Do you people realize how much Blackrock would hurt itself if it would bring down the price to a level where those companies might get in trouble?

You don't run trillions in funds and shares with shitcoin strategies!

[dunfida]

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

What would you expect?

Its always been like this or its really not that shocking anymore in speaking about these big companies or institutions would be always be liking on entering on the cheapest price as possible.Therefore, they wouldn't really be
that so dumb that they would be liking to enter on prices which are really that halfway of its all time high but rather they would be liking for it to be more lower which driving out the market to the bottom?
You wont really be making yourself get worried if you are really just that trying out to ride with the waves. Dont try to counter it or else you would really be definitely be experiencing those losses.
Always have in mind about that DCA as much as possible specially if the market tends to dip down further knowing that this isnt something that you could really be able to predict.
This is why its really important to have that funds which is really that allocated for such market condition or situation.

[Ruttoshi]

It is only temporary that these big whales and big institutions can manipulate the market and not for long. If Blackrock comes up with a strategy to manipulate the market to that the price of bitcoin dips,so that they can buy as many bitcoin as they can afford at a cheaper price. It means that those investors that panics and sell off their coins are the fools.

If the price dips and most investors use that as an opportunity to accumulate more bitcoin, it means that this big companies are doing a lot good to investors to also accumulate to their bitcoin portfolio. This shows that everybody that is buying during the dips based on manipulation of the price will also benefit from their actions. But to me I don't see it as a manipulation yet because the price hasn't gone down below a price that I can call manipulation

[Captain Corporate]

There isn't really any sustainable method where you can accumulate more while dropping the price. I mean you can sell your coins to drop it, but also if you want to accumulate more then you are not willing to sell it. You could maybe end up making up some fake news, to drop it, but then it will not go down a lot, its not going to be sustainable. This is why I believe that we are not going to end up with anything that would make sense, its going to end up not being a smart choice. Just realize that its going to be a tough situation and you are going to end up being a little bit troublesome, it will not be good for Blackrock to do this. Just accumulate, keep doing that and they will be fine.

[SquirrelJulietGarden]

There isn't really any sustainable method where you can accumulate more while dropping the price. I mean you can sell your coins to drop it, but also if you want to accumulate more then you are not willing to sell it.

Only whales and market makers can control their games and they trigger market crash with their sellings and FUD. Later when market crashes deeper as affected by their trigger and forced liquidations, they will come back to buy and accumulate more bitcoin with same capital. Whales can do it because they are market makers and they do have capital to buy dips. As retail investors and don't know about game plans from whales, market makers, we can miss a train by selling with panic, buy with fomo.

You could maybe end up making up some fake news, to drop it, but then it will not go down a lot, its not going to be sustainable.

FUD makes us fearful and panic sell or sometimes we will be forced liquidated by centralized exchanges. After experiencing such nightmare and terrible liquidations, losing big capital, we will hesitate to rejoin the market. That's when we miss the train when the market finds its bottom and starts to recover from bottom.

[kro55]

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.

This is a very new market, without many regulations and a free market, so it is inevitable that people with a lot of money always want to manipulate the market. We should accept and adapt to that because I also believe that if we had as much money as them and had the ability to manipulate the market, we would also do what they are doing. Therefore, I do not find it surprising or critical that institutions with a lot of money are trying to manipulate the market. No matter how they manipulate, but if we know how, there is still a way to make a profit, it all depends on us.

[paid2]

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.

The reason I never pay too much attention to these rumors is that, in absolute terms, they are almost never verifiable and remain nothing more than speculation. We probably will never know the objective truth about them.

I don't disagree with the idea that Black Rock is trying (or maybe succeeding, I don't know) to manipulate the market. You'd have to be mad to think that a company like this is innocent and harmless lol. Why should they go without trying? They're with Bitcoin for the dollars only, not for the ideal of decentralization or to promote P2P. So if I were in their shoes, I'd probably try to enter the market at the lowest possible price.

But they are far from being the only big players in the market with an interest in seeing BTC's price fall, I think that a good proportion of the big players and whales are even unknown to us, and that some of them also have an interest in one way or another in seeing the price fall a little further.

[Maslate]

This isn't new; individuals at the market's helm will indeed take measures to favor their interests. On a positive note, it's not solely them who stand to gain during a market crash, but also investors like us who can navigate the situation strategically. If their actions involve crashing the market, causing panic, and then purchasing Bitcoin at lower prices, there's an argument for considering a similar approach.

Over the years, the cryptocurrency landscape has witnessed numerous fluctuations. Amidst these fluctuations, a certain strategy has consistently shown promise during market downturns: accumulation. This involves buying when the market experiences a dip and selling when it eventually rebounds. It's a tactic that can be employed repeatedly, offering a relatively straightforward approach.

[mindrust]

The good old dump and pump game. Since blackrock has the power to pull this, I think they’ll find a way to crash the prices. We need to stay awake and keep some dry powder. (Lots of dry powda) BR will buy them cheap coins and so can we. Then the ETF will get introduced and the prices will go to the moon. (Possibly above $100k) I think I liked this scenario. This might be the last chance to get rich because who knows what will BR do with the prices after the next mega pump. They very well may treat it like gold and gold isn’t going anywhere since the last decade.

[Fiatless]

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.

Except they are working on something we don't know, if they crash the price they will also lose money. Maybe they want to crash by dumping and use the opportunity to accumulate cheap coins before ETF approval. I don't really care if they want to manipulate the market because I will not sell off my coin due to FUD. If they crash the price, I will keep accumulating through DCA. Another perspective is if they are working as agents of the government to destabilize the market. This plan can only work for few times, but the market will still recover. However this news is not from a verified source, so it should be treated as a rumor.

[Husires]

I remember in the year preceding the halving, the year in which you buy Bitcoin at the cheapest price for the next years, the more there is the possibility to buy more at a cheaper price, and it is natural for parties like BlackRock to try to influence the price by spreading lies such as BlackRock wants to reduce the price of Bitcoin or publish Fake analytics and stories or any way to spread FUD. Whether the price drops or not, now is still a good time to build a long-term investment and buy relatively cheap.

[naira]

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.

Of course it makes sense, blackrock has everything to control anything in the market and with the price drop it's not out of the question of blackrock being involved. It may sound strange, but just imagine a big institution trying to get into Bitcoin and at the same time Bitcoin drops quite a bit. Furthermore, blackrock's access to a number of securities also seems easy, anyone would know how the industrial giant's economy can instantly launch for its goals.

Is this good for Bitcoin going forward? in the short term it might be bullish once the ETF opens, but after that I'm not sure that Bitcoin cycles will be the same every 4 years. Like it or not blackrock will still go into Bitcoin, and all we can do is buy more now than before everything was really under control.

[Lucius]

For those who are looking for some reason why the price is currently $26k and not $30k, there will always be some story that may seem convincing at first, but actually there is very little logic in all this if you look at some facts. As @stompix has already written, BlackRock has more harm than good from the fact that the price goes down rather than up, and this is where the question arises whether BR really buys BTC before they have been approved for the spot ETF - because some claim that they have to do it in order to demonstrated ability to obtain approval for such an ETF at all.

For those for whom this is not the first encounter with the upcoming halving, everything that has been happening in recent months is nothing new. All that has changed are the numbers, the game is more or less the same, although we have some new players who have yet to show their skills.

Fortunately for all those who have been aware that Bitcoin has existed for at least 5+ years, we can say that all these new players are very late to board this train, and it definitely gives us a sense of satisfaction to be able to say that we turned out to be much smarter in all of this from them.