Smartvirus
Legendary

Activity: 2212
Merit: 1338
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June 28, 2026, 10:55:28 PM |
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Bitcoin is currently on a "Self defense" mode to protect itself and prove certain people wrong that rich people or the elites control the price. Had it been true that they actually control the price, they and their followers would have used that to request for more say in the running of Bitcoin and determining the future direction. And that would have given them the bargaining power to effect changes without your consent, and for the benefit of their companies/businesses . So, if they're finally and completely proven wrong, it will become more difficult to pressure developers or the Bitcoin Community to do their will
When people say the elites do control or rather have some level of influence on the Bitcoin market price, it doesn’t mean they actually determine the price of Bitcoin. The price of Bitcoin is always determined by the laws of demand and supply, this hasn’t changed of it and still wouldn’t change. However, influence works in a way of affecting the individuals that frequents these market whom, are forced to make decisions unconsciously, not knowing they are just playing into the hands of a much more bigger scheme.
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X-ray
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June 29, 2026, 04:07:36 AM |
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Bitcoin is open source and decentralized. Everyone has the right to assume whatever they want, and from their thoughts, to create a narrative based on their own mindset. If the mindset is wrong, the results cannot be correct.
Market prices can be manipulated by any willing party. If the price drop from +$120,000 to $60,000, which is already half of +120,000, is not wrong. But fundamentally, what determines price increases and decreases still lies in the strength of supply and demand. Bitcoin remains the same and unchanged peer-to-peer electronic cash system. There are no intermediaries.
Couldn't agree more. Bitcoin remains the same decentralized cryptocurrency even if the price go up, down, or go full circle. The price of bitcoin being volatile doesn't necessarily mean Bitcoin have less or more volatility at all. It's the same peer to peer electronic cash system like on the whitepaper. The decentralization depends on the hashrate not the price. It's actually easy to understand.
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barbara44
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June 29, 2026, 04:35:39 PM |
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None of what you just said made any sense to me. First of all, those who have invested in Bitcoin, even if they have done it when it was at $126k, they didn't lose money and they won't unless they decide to sell at a loss, but if they keep holding, they will eventually make some profits in the upcoming bull run.
Those who lost money in trading, it is not Bitcoin's fault, nor does that count as a contribution to keep Bitcoin decentralized because that's not how things work. Bitcoin isn't decentralized because people are losing money in it, but it is decentralized because it has been designed that way, there is no central authority controlling it, so it's decentralized, and it is going to stay that way no matter what.
And lastly, whether you accept it or not, price manipulations will always be a part of a financial market, and this market is no exception. However, only because the rich or the wealthy have the power and resources to manipulate the price of Bitcoin, it doesn't mean they are going to gain control over it or its network by doing that. They can use their money to manipulate the market by making retail investors buy or sell by any means they can, and then benefit from the swings, but this doesn't allow them to make Bitcoin centralized. This is why I said none of you just said make any sense.
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d5000
Legendary

Activity: 4690
Merit: 10849
Decentralization Maximalist
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June 29, 2026, 06:01:00 PM |
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Bitcoin is currently on a "Self defense" mode to protect itself and prove certain people wrong that rich people or the elites control the price.
I have thought about meriting that OP, because I see a nice basic idea. But the post is quite confuse, and you should have clarified exactly what you mean - and investigated a bit, too ... You could at least try to measure if the elites have lost control by looking at the in- and outflows of ETFs and other institutional products. According to publicly available data the ETFs have lost more than 130,000 BTC due to outflows since November 2025. However, these Bitcoins didn't go all into the pockets of small retailer investors. At the contrary. Most of these BTC went into the pockets of a well-known guy called Michael Saylor (and his treasury company vehicle), who bought 200,000 BTC since November! This means the elite has even stocked up their Bitcoins. Okay, not everybody investing in MSTR / STRC etc. is part of the elite. But in general one can say that there's no significant change. If anything, retailers are even weaker now.
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Renampun
Sr. Member
  

Activity: 3080
Merit: 414
NO DEPO CODE VEGAR7, NO KYC Casino
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June 29, 2026, 06:54:12 PM |
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A loss is still a loss.. no matter how you look at it, it can't be considered a contribution to keeping Bitcoin decentralized. because Bitcoin is decentralized, and no one can interfere with it, although a handful of people are accumulating larger amounts of Bitcoin, their capabilities are limited. also, the increasing accumulation of retail investors also makes the Bitcoin market less centralized and less controlled by a handful of people.
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Lida93
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June 30, 2026, 03:23:37 PM |
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Bitcoin is currently on a "Self defense" mode to protect itself and prove certain people wrong that rich people or the elites control the price.
I have thought about meriting that OP, because I see a nice basic idea. But the post is quite confuse, and you should have clarified exactly what you mean - and investigated a bit, too ... You could at least try to measure if the elites have lost control by looking at the in- and outflows of ETFs and other institutional products. According to publicly available data the ETFs have lost more than 130,000 BTC due to outflows since November 2025. However, these Bitcoins didn't go all into the pockets of small retailer investors. At the contrary. Most of these BTC went into the pockets of a well-known guy called Michael Saylor (and his treasury company vehicle), who bought 200,000 BTC since November! This means the elite has even stocked up their Bitcoins. Okay, not everybody investing in MSTR / STRC etc. is part of the elite. But in general one can say that there's no significant change. If anything, retailers are even weaker now. We can't deny it for too long that the approval of bitcoin spot ETF has made it quite emerging for institutional investors to be able to manipulate the market price of bitcoin with their huge stockpiles, even when they are still unable to control bitcoin due to it's decentralize nature. When there's a news about a huge sell dump by strategy, the market reacts and same with when these institutions especially like the Saylor Strategy making a lumpsum buy. Ultimately, from the look of retailers sentiment in every price movement, it always influenced by the elites move.
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taufik123
Legendary

Activity: 3304
Merit: 2349
Duelbits.com
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June 30, 2026, 11:39:03 PM |
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-snip- However, these Bitcoins didn't go all into the pockets of small retailer investors. At the contrary. Most of these BTC went into the pockets of a well-known guy called Michael Saylor (and his treasury company vehicle), who bought 200,000 BTC since November!
This means the elite has even stocked up their Bitcoins. Okay, not everybody investing in MSTR / STRC etc. is part of the elite. But in general one can say that there's no significant change. If anything, retailers are even weaker now.
LOL Michael Saylor always plays with the Bitcoin market, as soon as he wants to sell and as soon as he wants to buy. Then when some Bitcoins are sold, he will issue News that he will buy and fully support Bitcoin, etc. This selling moment is a result of the collapse of trust in Strategy which ultimately created a crisis of trust in Bitcoin. At a time when the crypto market in general is losing traction, investors are also increasingly skeptical of the market structure
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boyptc
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June 30, 2026, 11:41:36 PM |
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That means that I've contributed a lot to the economy of Bitcoin because I've lost so much. Even being an experienced guy on this market, it is inevitable to have those losses. Those missed moments of taking profits. What we believe is about is this; A loss is still a loss.
And I agree, and profit is profit.
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d5000
Legendary

Activity: 4690
Merit: 10849
Decentralization Maximalist
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July 01, 2026, 01:07:04 AM |
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We can't deny it for too long that the approval of bitcoin spot ETF has made it quite emerging for institutional investors to be able to manipulate the market price of bitcoin with their huge stockpiles, even when they are still unable to control bitcoin due to it's decentralize nature.
I don't think there's much manipulation going on there. Because the "ETF dumpers" dumped in the pockets of other participants of the elites, namely Saylor. We are seeing whales with different interests and business models, not a monolithic cartel. Of course all these dumps stimulate "weak hands" dumps too, which are mainly retailers and small institutional investors. Some could assume that the current dump is the result of an evil plan of people like Saylor to create so much fear that he'll be able to buy BTC for 30,000 or so again. But I don't think this is the case, such a deep fall would be way too risky for his company (30,000 would not be a problem, but if he doesn't stabilize solidly until then, another significant dump to even lower levels, triggered by new fears about Strategy, could be dangerous).
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Rustam Meraj
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July 01, 2026, 01:45:45 AM |
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I don't think there's much manipulation going on there. Because the "ETF dumpers" dumped in the pockets of other participants of the elites, namely Saylor.
We are seeing whales with different interests and business models, not a monolithic cartel.
Of course all these dumps stimulate "weak hands" dumps too, which are mainly retailers and small institutional investors.
Some could assume that the current dump is the result of an evil plan of people like Saylor to create so much fear that he'll be able to buy BTC for 30,000 or so again. But I don't think this is the case, such a deep fall would be way too risky for his company (30,000 would not be a problem, but if he doesn't stabilize solidly until then, another significant dump to even lower levels, triggered by new fears about Strategy, could be dangerous).
This is far from the reality of the competitive and split landscape that exists in current cryptocurrency market as institutional capital is essentially collection of individual investors. Big spot ETF flows certainly do add to the short term ups and downs but the idea that it is coordinated attempt to bring down prices downplays the fact that these financial giants have widely different business models and conflicting risk appetites. What the uneducated retail traders think is manipulation is just unavoidable part of the market between aggressive corporate buyers and risk fearing funds. An even greater market correction to extreme levels would bring too much existence threatening risk to books of institutions to be deliberately planned. It is simply regular selling that are working their way through weaker retail portfolios, not some coordinated effort by some kind of group to cause a panic.
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davis196
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July 01, 2026, 06:04:21 AM |
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What you "lost" so far in the market since +120k could be considered part of your contribution to keep Bitcoin safe from centralization and elite capture. Calculate how much that contribution is worth, the total is another kind of investment you should be patient enough to reap its fruits in the future.
Bitcoin is currently on a "Self defense" mode to protect itself and prove certain people wrong that rich people or the elites control the price. Had it been true that they actually control the price, they and their followers would have used that to request for more say in the running of Bitcoin and determining the future direction. And that would have given them the bargaining power to effect changes without your consent, and for the benefit of their companies/businesses . So, if they're finally and completely proven wrong, it will become more difficult to pressure developers or the Bitcoin Community to do their will
We have guiding principles that ought to be the standard for doing things on the Bitcoin Network. They have to be followed or else Bitcoin will be turned into fiat
This is a sacrifice worth making if you really care about Bitcoin.
1.Bitcoin is not in "self defense mode" and not "protecting itself". You are talking about Bitcoin as if BTC is a living thing, that has a brain and a conscience.  The Bitcoin community is still strong. The BTC blockchain works without a problem. The transaction fees are low. The BTC price dropped, but that's just a market trend. We are in a bear market and many people have predicted that bear market last year. 2.Bitcoin cannot be "turned into fiat". Saying that BTC can be turned into fiat means only one thing. You don't understand how Bitcoin works. The rumors about the BTC price being manipulated by the "crypto whales" and the "powers that be" are nothing but rumors.
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Outhue
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July 01, 2026, 06:10:25 AM |
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What you "lost" so far in the market since +120k could be considered part of your contribution to keep Bitcoin safe from centralization and elite capture. Calculate how much that contribution is worth, the total is another kind of investment you should be patient enough to reap its fruits in the future.
Bitcoin is currently on a "Self defense" mode to protect itself and prove certain people wrong that rich people or the elites control the price. Had it been true that they actually control the price, they and their followers would have used that to request for more say in the running of Bitcoin and determining the future direction. And that would have given them the bargaining power to effect changes without your consent, and for the benefit of their companies/businesses . So, if they're finally and completely proven wrong, it will become more difficult to pressure developers or the Bitcoin Community to do their will
We have guiding principles that ought to be the standard for doing things on the Bitcoin Network. They have to be followed or else Bitcoin will be turned into fiat
This is a sacrifice worth making if you really care about Bitcoin.
If what the person lost is all life savings would they see this post as a helpful one? I don't think so, Bitcoin or not many investors are here to make money, every holders have their targets as to how long they plan to hold their Bitcoin, we can see what's happening to Micheal Saylor right now, he never planned to sell his Bitcoin he was forced to sell. Try not to lost anything in this space, and if you have, don't be down because of it, learn from your mistake and don't let it repeat itself, stop doing favour that no one will recognise you for, there is no gain on your side if you lost money, always take profit and always take advantage of the bear market, you will do better.
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purple_sparkles
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July 01, 2026, 11:39:55 AM |
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I think people who bought bitcoin at its price peaks clearly made a mistake, but the situation can still be corrected,it just takes time and patience. If they don't have better opportunities to grow their investments, they can simply wait. Of course, if they urgently need the money they invested in bitcoin today, then they really did make a poor decision.There's nothing wrong with making mistakes, we learn from them. Life isn't a series of constant victories. The important thing is to learn the lesson, gain experience, and move forward using that knowledge to make better decisions in the future.
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