BlackRock wants to reduce the price of Bitcoin

[Peanutswar]

Only large scales organizations and companies can make a large price manipulations if they are willing to goes down the price the Bitcoin surely they sell the asset they have or else they are losing that investment they made during the price pumps still at their loss or they will prevent to lose more reason why they cut. If this happens and other institutions will do the same really possible that the market may crash.

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[NotATether]

If they do that, straight in hot water with the SEC they go. Elon Musk also had a similar activity going on with Dogecoin but after he was busted by (what was then known as) Twitter, the SEC closed in on him and now he is not making much memes (pun not intended) about Doge, now is he?

Artificially lowering or raising the price of an asset which you have another financial asset based on is illegal in the USA and will land you with charges.

[Lucius]

~snip~

Well, that same man paid a fine and was given a conditional sentence because, I think in 2018, he manipulated the price of his companies' shares. I guess at some point he got the signal to stop his media activities when it comes to cryptocurrencies or he would find himself in trouble with the SEC again.

I guess it all depends on how powerful you are, and when you have a few hundred billion $, then the threshold of tolerance is much higher than for an ordinary mortal.

[Plaguedeath]

Who the fuck is Crypto_Awad? @OP you could create a thread about BlackRock want to increase the price of Bitcoin and hope someone will share your contradict idea to Binance's feed.

Even it's CZ or Elon Musk, they're nothing to predict Bitcoin price since no one will know it. Maybe that guy could change some people view, but for me those opinion will not affect anything.

[moneystery]

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.

the bitcoin market is not heavily controlled by large companies, but because the portion of their bitcoin holdings is quite valuable when they buy/sell, sometimes it is enough to influence the psychology of investors to follow what they do. if a company like blackrock wants to do a short trade, they can make quite a lot of profit from this wave and that is what they want to achieve. just imagine if they do this several times how much they can earn from the bitcoin market.

[zeuner]

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.

Well, many users love to be manipulated. Otherwise, it wouldn't work after all...

[tread93]

It's exactly what JP Morgan did when they wanted to buy more to get a good entry price, Jamie Dimon said it was a scam and used to launder money and the price tanked and simultaneously his company's were all buying it lol. Just know if they say that to grab more haha

[tjtonmoy]

With News shared by OP,  Strong holder will not worry but weak hand will face more panics which is not good for crypto market.

I agree and disagree at the same time. I agree that weak hodlers will be in more panic and sell that's for sure. But not good for the crypto market? I gotta disagree with that. The market will be in chaos but those who are hodling strong, what do they have to fear? The more they dump the price, the more opportunities we get to buy and fill up our bags. Call me selfish if you will but as I said, one's loss is another's gain.

If everyone keeps on hodling, how are we gonna make profits? We need panic sellers in order to make our profits. But never join them lol. If you have faith in Bitcoin, buy and hodl whatever shit happens let them happen. We can not stop them or slow them. All we can do is, HODL. Our Bitcoin will stay with us. That's all that matters.

[darkangel11]

I'd like to reduce the price of Bitcoin so that I can buy some more.

I guess that you don't have a billion dollars to spend on this plan.
Black Rock does. I don't think they're doing it, but they could if they wanted to. They have smart people in there who know the end of the pre-halving year is probably their last chance to put some pressure on the price.

[blockman]

Most of these big companies want to acquire cheap Bitcoins before any possible take off. That's what usually is the news before the bull run but don't get distracted by them, buy bitcoin, and don't depend on them. Look at how they desire to collect as much Bitcoin as possible. We as individual investors, have to do and execute our plans, and let's just news these rumors and news to be favorable to us based on the actions that we're going to do. It may be good or bad news but if you're for the long term, there is nothing to get worried with.

[dezoel]

There have been rumors 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 true or if it is just a rumor.

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 might not be far away from the truth, they have a lot of money and are aiming to have the largest share by acquiring more bitcoins, whether this is true or not and no matter how much pressure they mount on the market to further bring down the price I'm not going to panic sell my BTC at this point of this market cycle and only fools will sell. Rather I would find a way to leverage this opportunity and I will be reserving some funds in case an unexpected event happens.

The post came from Binance so maybe it's true? But as you said, even without the news, they can still be able to manipulate the market only to buy more coins at cheap. But that's right, there is no way to be scared about it. We are not a newbie on here anymore and we know that each price movements has its own functions. And that is, a dump is for us to buy while the pump is for us for to sell.

Not all those who sell are fools but maybe there also some pioneers who co-incidentally sell because they urgently need a money for something. You can choose to prepare a fund and buy more, but if you are struggling financially, then you should not bother brother.

[arwin100]

There have been rumors 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 true or if it is just a rumor.

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 might not be far away from the truth, they have a lot of money and are aiming to have the largest share by acquiring more bitcoins, whether this is true or not and no matter how much pressure they mount on the market to further bring down the price I'm not going to panic sell my BTC at this point of this market cycle and only fools will sell. Rather I would find a way to leverage this opportunity and I will be reserving some funds in case an unexpected event happens.

The post came from Binance so maybe it's true? But as you said, even without the news, they can still be able to manipulate the market only to buy more coins at cheap. But that's right, there is no way to be scared about it. We are not a newbie on here anymore and we know that each price movements has its own functions. And that is, a dump is for us to buy while the pump is for us for to sell.

Not all those who sell are fools but maybe there also some pioneers who co-incidentally sell because they urgently need a money for something. You can choose to prepare a fund and buy more, but if you are struggling financially, then you should not bother brother.

The action they do is just pure manipulation, they just want to scare people on the possible action they do so if many will panic about the article release then people are just feeding up those manipulator then might they will do the same in future.

But if many experience people settle down about the news and doesn't get effected about their manipulation attempt then provably we can see bitcoin price goes strong and will never be manipulated by them.

[kryptqnick]

If BlackRock wants in on Bitcoin, and they seem to want it if they're fighting so hard to get an ETF approval, I think that, in the long run, they would prefer Bitcoin going up, not down. As for trying to purchase now at a lower price, I don't think they'd actively try to achieve that, considering that the price is already low, and they can spend more on trying to lower it that profit from it decreasing a bit. This is just a random post of a random person, with zero sources to back up the rumour. So I see no reason to trust what look like a pure speculation.

[wallet4bitcoin]

Every year we have people fly into the crypto space with millions and wanting to control the market the way the deem fit to their own benefits.I remember it was Elon a few years ago and before that was Greyscale and the list goes on and on.

One has to anticipate one of these unicorns to do the most when it comes to the bitcoin market price. An unverified information has it that BlackRock has a share in 4 out of the 5 major bitcoin miners in the world, that's total dominance to a level but we remain firm in our believe in the technology.

[pawanjain]

Never believe everything you read on the internet but the harsh reality is that Black Rock is so huge that it can achieve what is mentioned in the post.
It has its wings all around the globe and that enables it to fly in every direction it wants.
Basically, Black Rock has enough influence that it can surely manipulate the market to buy at a better price.
But that shouldn't break our trust on bitcoin because the positive side is that Black Rock has enough capital to take BTC price all the way up.

[Aikidoka]

It's not good for the market because the whales are still trying to manipulate the bitcoin price as they wish because of the huge capital of money they have. I mean, it's not bad if they want to reduce the price of bitcoin so that lots of new investors come on-line and buy bitcoins at low prices, but it's not good for the people who have been waiting so long for a good profit from bitcoin.

I won't be surprised by this to be honest, since they already have a lot of money and can do whatever they want on the market and this isn't the first time either. :c

[Bushdark]

The whales are having huge impact in the market currently and using the opportunity to control the market. Those that don't know this many keep trading the market blindly without knowing the plan of the whales and what there next agenda is.
So many of these whales that have large holdings of Bitcoin could do anything they like in the market which in general do affect the whole cryptocurrency market. It is very important for us to know and keep an eye to some of these news so that we can know how we can always position our trades in the market without getting loses frequently.

[Dunamisx]

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

If this is the actual thing that transpired with the bitcoin market then many would have believed it's been manipulated in favour of the giant whales and hence every whales begin to contest for thesame manipulations in their own favour, just as we know that the market demands and supplies has a huge impact on the bitcoin price determination, but saying that a single corperate organization is worth enough to change the market in their favour is a wrong appraisal or approach towards the network.

This is a decentralized network, how can a centralized institution make manipulations even when they buy more or release more to the market, bitcoin news causes more fear to the people than the actual fact of what is happening in real time with bitcoin.

[Latviand]

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.

It doesn't matter if it's true or not, what matters is that Blackrock will definitely make a move and I think that as someone who accumulates bitcoin and hoarding it until the desired price appears, it's a win for me that they're going to make a move to reduce bitcoin's price, some will probably lose market confidence on bitcoin but they're far few in between that it's not worth worrying losing these investors. You're an adult now, you should get used to these money hungry motherfuckers to not play fair, they wouldn't be in that position if they've played fair and Blackrock has trillions in assets that they manage so at that point, it's kind of stupid of them to not use that vast resource to get more for themselves and less for everyone.

[Abiky]

I'd like to reduce the price of Bitcoin so that I can buy some more.

Everybody wants to buy BTC at a cheap price. But only a celebrity, prominent figure, or big corporations will be able to manipulate market prices at will. You'd need to know the tactics of these players to stay ahead of the game. I don't know if BlackRock is actually manipulating BTC market prices, especially when people use to spread a lot of rumours across the web. It could be true, but who cares? A cheaper Bitcoin, is an excellent opportunity for you to grow your wealth in the long term.

As it's always said, "buy low, sell high". Who knows if the big companies who invested in BTC now (MicroStrategy, BlackRock, Tesla, etc) will pump market prices by the next block reward halving? The sky is the limit to how far BTC will go. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about. Just my opinion