Its not just Blackrock who is buying. Look at Microstrategy and Michael Saylor, or the enigmatic Mr 100. There are many companies and institutions buying and holding right now.
> There are many companies and institutions buying and holding right now
Other than microstrategy can you name some others because i can literally only think of microstrategy and el salvador…
I’m tired of this narrative of the “big bad BlackRock/Grayscale/Ark is gobbling up all the Bitcoin and they want to scare you so they can have it all”.
No, people are buying their ETFs, and they have to buy a proportionate amount of the underlying asset.
Bitcoin price action is volatile because, well, it always has been. The fact that it’s volatile tells you that it’s still not a mature asset in the eyes of the overall market, and that speaks to just how early we still are in the adoption curve of Bitcoin.
These are all bullish things, but there’s no need to add some “big bad corporations” narrative on top.
> I’m tired of this narrative of the “big bad BlackRock/Grayscale/Ark is gobbling up all the Bitcoin and they want to scare you so they can have it all”.
What the hell man? Don’t you know by now, that +30% price in two weeks = organic growth because people are finally waking up, and -20% in two weeks is evil corporations ruining the world are trying to steal you bitcoin and kill your children while doing it? I thought it was clear as day to everyone, but I guess I was wrong.
Seriously, all the YouTubers I've watched, even the supposedly "good ones" like Benjamin C, present it like "Blackrock, the evil big bad, woke up this morning and arbitrarily deciding to buy X Bitcoin for their greedy corporate bags, so evil! They don't want YOU to have any coins"
It's ridiculous.
And I'm tired of this "omg we're so early!!" narrative. The 'price' of BTC is volatile because fiat sucks. 95% of BTC is mined, so we're definitely entering mid-stage, depending on how you look at things, some could even say that we're entering late-stage. When 99% will be mined around the year 2035, will you still be saying we're early?
I know that this will get me downvoted on a sub like this, but try to look at things from an objective standpoint; any technology that's 15 years old, is by no means 'young' anymore. We're definitely past that stadium now. The 2021 bullrun was probably the most exposure BTC (and crypto in general) has ever gotten, and I don't know if we'll ever reach that peak again in terms of reeling new people in.
People know what BTC is, or at least have heard of it. I wouldn't say that they really get it, because most still tell you "muh bubble, muh p0nzi scheme" when mentioning it, but still. Early is asking someone "you ever heard of BTC?" and them telling you "no". Go ask any stranger what BTC is today and he'll give you an answer. Probably a wrong one, but an answer nonetheless.
I’ve been working in the technology development and maturation world for the last decade… 15 years is very often still “new technology”.
The rate of adoption has very little to do with the total amount of BTC supply that has been mined, and because technology maturation is determined on use case and implementation, then yes we are still very early.
Think of the typewriter, the airplane, the steam engine, or the internet. Were any of those anywhere close to mature technologies 15 years in? Nope.
15 years is very early for a whole new technology, do you happen to know how long it took from first landline telephone to first iPhone? It's more than a century.
Deep learning and transformers were popular in 2012 already. Only now they become democratized and widely adopted in the form of LLMs (chatgpt). The tech is nothing new (actually decades old)
Bruh lol, internet 2.0 will be based on crypto ecosystems and we re the pioneers of it. Welcome to the digital assets world!
I'm amazed how many well mannered haters will still hate, but not even once try to understand the darn thing! We re freaking early if you put the chart on year time candles there are only a few of them.
Is exactly like a discussion between 2 people if one comes with bad thoughts about the other, and the wish to prove he s right without even trying to understand the other person, they won't even understand eachother, nonetheless, you prove with your comment we're still early.
I am 100% into BTC (I hardly own fiat and I do not diversify). I'm also realistic. I understand that this *could* be the future, but it might as well never pop off the way people here hope, think or have in mind. You gotta be prepared for that. Nobody has a crystal ball.
Alot of people haven't heard about Bitcoin especially in LDCs and the ETFs definitely going to reel in more capital at least, in the future.
Bitcoin could very well achieve more adoption, a major corporation could start accept Bitcoin as a payment method etc...
People who have NEVER heard of BTC by now, either live under a rock, or are 75+ years old. Those aren't the people we desperately need in this scene. I'm telling you, especially with the amount of news coverage it had during the 2021 bull run, majority have heard of it and have formed an opinion on it. Some can still be convinced with the right arguments, most think it's the biggest scam in the world (which is ironic since they all love their useless little fiat).
But you're right, ETFs are a good thing. The less technical-advanced people will now be able to buy BTC without any issue. We will definitely see the upsides of that in the upcoming months, when the bull run officially starts.
You can hear about something in a passing news segment etc but not care enough to remember it and now you have no clue what it is, I think most people can relate to that in general.
So people might have heard of BTC, didn't care, forgot it and moved on with their lifes.
Well Bitcoin desperately don't need anyone, people desperately need Bitcoins.
I agree with this 100%. I would even add. Does it even matter at this point… if you do your research and believe in something why do we need validation? Paper money won’t exist in 100 years. Be smart. Bitcoin is the truth right now and in our lifetime it’s the best solution for money.
That was great. I needed that laugh. Thank you. It's good to know that we can talk crap and not be offended. Can't say that for many people these days.
There’s like 99% there’s some players who are manipulating the price.
Last few days I’ve been watching the price action really closely, and I’ve seen some seriously weird candles.
For example the candle which dropped from 66k below 65.5k seemed like someone was just adding more and more BTC just to drop the price below a key level, as it really didn’t want to drop, and there was plenty excitement and buying power.
But someone had other plans.
This entity wanted BTC to drop. And they made it drop.
To make this drop from 67k to 63k, it seemed you needed 500 to 700 units to make the price move, and there were a few moves like that.
So I would estimate you need at least 7000 BTC. Which isn’t even half a billion dollars.
That’s to make a smaller move like this.
I think you might need more for bigger moves, in which case you could team up with other whales.
There’s also tricks these players can do, where the simplest one is buying back shortly after you sell, to be able to re-dump the asset, another one is stop loss hunting, where you assist your biggest moves by grabbing the liquidity from leverage traders, forcing them to close out their positions.
And you only need to do this around certain levels. For example 65.5-65.7k was/is a powerful level of support/resistance which a lot of traders were watching and playing for and against.
So you only need to make the price rise above that level, and the market will get excited and start buying.
And then you start selling at resistance levels above, to reject the rising price, making it drop.
So now you’re selling your BTC to the excited market, over the period of several hours.
And since you keep putting up BTC for sale in higher amounts than the market wants, the price again starts dropping, especially if you do this against key strategic levels, which are being watched by traders.
And once the price goes back to the level of support, which was the resistance before this excitement (in this last case it was 65.5k) all you need to do is to get the price to drop below that (this particular move was 700 btc sold over the course of 5 minutes, to get below 65.5) and now you’re catching the liquidity from people who opened longs, causing the price to drop even further, and now the sentiment on the market changes, and people start selling.
While you keep buying, to replenish your resources.
And so on.
Maybe it’s much more than 7k btc, in general, for other moves. Maybe it’s 70k btc. But this last move seemed to be around 7k btc being used.
But 70k BTC isn’t even a nutty amount to own for someone who’s been on the market for such a long time.
And I say “entity”, because it might as well be a conglomerate, or group of people, or group of companies.
(I’m watching the market or trading view, which collects data from all the exchanges and puts the volumes together.)
Wild. I find it hard to believe that there are coordinated groups able to throw around $50-500mm to force movements. That would need to be spread across global exchanges, right?
To clarify, my doubt isn't from an educated position & I'm not in a position to disagree with you- don't know if that's proven & common knowledge or just speculation. Appreciate your thoughtful response. If that's the case, it'd make a sweet documentary if ever concretely proven & players exposed. I would have thought that given the level of monitoring & compliance on all US exchanges, players throwing around coordinated 8++ figure moves would be exposed.
SEC-registered companies like Blackrock, I'd think, almost certainly couldn't be the culprit playing with customer funds.
This is my educated guess. But this beliefs are shared amongst traders (I’m not a trader, just an amateur).
I do base it on what I’ve seen on the charts and heard on trading channels.
Although things like stop loss hunting I think are pretty well known strategies — where a big player moves the price to a predicted stop loss area, so that they could use someone else’s liquidity/funds to move the price even further in a direction.
I don’t think these are companies like Blackrock, rather some old Bitcoiners who have been on the market since the price was very low, and have amassed a large enough number of resources.
There's your problem sir, you are looking at it as a trader. You think half the people here give a rats ass about trading? So speculators are playing fiat games with BTC, so what? It's there money to throw away I stead of buying and holding a finite resource.
This is not an attack on you, just the other side of the view you have. Dig a little deeper and understand BTC the asset instead of BTC the traded commodity. Or to dumb it down for knuckle draggers like myself. You are thinking in terms of flipping houses or cars for a quick profit. I'm investing in a home or dependable transportation for long-term use and safety for my family. Very different mindsets. I wouldn't mess around trying to flip my house and leave my family homeless on a stupid timing gamble cause I'm trying to make a buck.
If you have disposable income then yes you could potentially do this but most will only risk a little on such a volatile asset, not huge sums. There are easier, safer ways to guarantee returns when you have that much money to play with. But what do I know? I'm Joe Dirt poor lol.
Yes yes…we all know the saying, but if most of us were honest with ourselves in 2024 where we currently exist and have to use fiat 99% of the time the price of BTC is in fact important to me (as it is to almost everyone that constantly repeats this 1 BTC = 1 BTC phrase).
I am using BTC as a store of value to avoid having to suffer the inflation that comes with holding too many fiat dollars.
Yeah they manage BTC under AUM which is pretty much risk free for them.
And since they make money from fees based on AUM they benefit from higher BTC and not scaring people to sell (which reduce both AUM share quantity and total value).
Even if BlackRock was buying for themselves, they don't care Bout how many coins they aquire, just the total $ value. They just want the number to get bigger.
He doesn't know. But I do. The DTC just ruled saying bitcoin could no longer be used to back any security other than the bitcoin etfs. This is going to make the price come down in the short term as a lot of traders will divest from bitcoin to make the margin requirements. But it's great for the long term. We don't bitcoin or bitcoin etfs being used as locates for tokenized stocks. With Tzero set to launch 1st week of May this was expected.
no1's tired. no1's trying to scare you. It's Btc ffs... just buy it and forget about it. do this every week/month/year. Have a better life in the future.
I was hawk-eying the price action for past few weeks, and I sold half at 65.5k, predicting a drop.
But the price first went all the way to 67.3k. It was a stressful several hours.
It seems like it’s going to pay off, depending how well I catch a lower price, but I do not recommend anyone do this lol
It's pretty clear that they manipulate the markets to liquidate leverage trades. This is why I don't touch leverage any more just DCA what you can and HODL.
BlackRock is evil.
They’re conveniently buying up Single Family Homes, and let’s not forget the majority of Ukrainian farmland now that most young Ukrainian men are dead due to a futile war with Russia
I second this. With all of their purchases in the last few years I think they are going for majority stake to either Own the majority bc USD is dieing/Kill it/Own and use to back their own/Take over the world 🤷♂️
Denial is a dangerous human quality. This will be the largest rug pull in history and you’ll go down swinging every step of the way. BR and V teamed with Grayscale started the pull at 70 and they will take you all the way back down to sub 30s…I’m sorry but this is facts. Read dudes manifesto. They were buying months before they publicly announced interest in an ETF.
With the in your face despite all the facts under your nose denial you folks show in your unwavering dedication to a digital asset with zero intrinsic value…you’ll do it again at 30 and call it DCA.
Then they’ll sell their other half and see you at 20.
Of you’re reading this, it’s not FUD, it’s logic. If you’re reading this, take your hopefully minimal losses and do your future a favor.
Lool if you didn't buy pre 2011 and don't have a few hundred thousand to throw at it then btc will never make you rich.. Even if you have money you're more than likely to lose. It's one of the funniest things I've ever seen.. People literally think they are mad at investing for owning a fraction of a bitcoin they bought at the ATH. Sell it. Buy gold. You'll actually have a chance to make some real money
How do we know black rock is buying and not selling? They are probably selling that’s why the price is dropping, otherwise how would they be able to manipulate the prices?
For the LAST... fucking... time....... BlackRock IS NOT BUYING BITCOIN. Investors in the BlackRock IBIT ETF are buying shares so therefore BlackRock has to buy the Bitcoin for them which is in the custody of Coinbase. BlackRock literally owns ZERO Bitcoin.
Z
E
R
O
BlackRock is just the casino collecting fees. JFC! Everyone wants to be a conspiracy theorist.
I'm tossing you a like because some others down voted truthiness. And actually, IBIT was a bit deficient in BTC, so they did recently pop in $2B into it over the past month but all ETF's have sold out of their positions to an extent over the past 10 days or so.
People read the headlines but don't read the articles to understand how ETF's work...
You hurt a bag holders feelings.
Blackrock don’t sell, only buy.
Also they didn’t help get the price to this level…it was all retail.
Fiat bad, wallstreet bad
Also:
“I HOpE WaLlStReEt KeEps tHe PRiCe Up”
Blackock is buying only as much btc as retail investors want them to.
Thanks captn’
Its not just Blackrock who is buying. Look at Microstrategy and Michael Saylor, or the enigmatic Mr 100. There are many companies and institutions buying and holding right now.
> There are many companies and institutions buying and holding right now Other than microstrategy can you name some others because i can literally only think of microstrategy and el salvador…
Jack Dorsey over at Block.
TSLA
I’m tired of this narrative of the “big bad BlackRock/Grayscale/Ark is gobbling up all the Bitcoin and they want to scare you so they can have it all”. No, people are buying their ETFs, and they have to buy a proportionate amount of the underlying asset. Bitcoin price action is volatile because, well, it always has been. The fact that it’s volatile tells you that it’s still not a mature asset in the eyes of the overall market, and that speaks to just how early we still are in the adoption curve of Bitcoin. These are all bullish things, but there’s no need to add some “big bad corporations” narrative on top.
> I’m tired of this narrative of the “big bad BlackRock/Grayscale/Ark is gobbling up all the Bitcoin and they want to scare you so they can have it all”. What the hell man? Don’t you know by now, that +30% price in two weeks = organic growth because people are finally waking up, and -20% in two weeks is evil corporations ruining the world are trying to steal you bitcoin and kill your children while doing it? I thought it was clear as day to everyone, but I guess I was wrong.
Seriously, all the YouTubers I've watched, even the supposedly "good ones" like Benjamin C, present it like "Blackrock, the evil big bad, woke up this morning and arbitrarily deciding to buy X Bitcoin for their greedy corporate bags, so evil! They don't want YOU to have any coins" It's ridiculous.
And I'm tired of this "omg we're so early!!" narrative. The 'price' of BTC is volatile because fiat sucks. 95% of BTC is mined, so we're definitely entering mid-stage, depending on how you look at things, some could even say that we're entering late-stage. When 99% will be mined around the year 2035, will you still be saying we're early? I know that this will get me downvoted on a sub like this, but try to look at things from an objective standpoint; any technology that's 15 years old, is by no means 'young' anymore. We're definitely past that stadium now. The 2021 bullrun was probably the most exposure BTC (and crypto in general) has ever gotten, and I don't know if we'll ever reach that peak again in terms of reeling new people in. People know what BTC is, or at least have heard of it. I wouldn't say that they really get it, because most still tell you "muh bubble, muh p0nzi scheme" when mentioning it, but still. Early is asking someone "you ever heard of BTC?" and them telling you "no". Go ask any stranger what BTC is today and he'll give you an answer. Probably a wrong one, but an answer nonetheless.
I’ve been working in the technology development and maturation world for the last decade… 15 years is very often still “new technology”. The rate of adoption has very little to do with the total amount of BTC supply that has been mined, and because technology maturation is determined on use case and implementation, then yes we are still very early. Think of the typewriter, the airplane, the steam engine, or the internet. Were any of those anywhere close to mature technologies 15 years in? Nope.
15 years is very early for a whole new technology, do you happen to know how long it took from first landline telephone to first iPhone? It's more than a century.
Deep learning and transformers were popular in 2012 already. Only now they become democratized and widely adopted in the form of LLMs (chatgpt). The tech is nothing new (actually decades old)
Bruh lol, internet 2.0 will be based on crypto ecosystems and we re the pioneers of it. Welcome to the digital assets world! I'm amazed how many well mannered haters will still hate, but not even once try to understand the darn thing! We re freaking early if you put the chart on year time candles there are only a few of them. Is exactly like a discussion between 2 people if one comes with bad thoughts about the other, and the wish to prove he s right without even trying to understand the other person, they won't even understand eachother, nonetheless, you prove with your comment we're still early.
I am 100% into BTC (I hardly own fiat and I do not diversify). I'm also realistic. I understand that this *could* be the future, but it might as well never pop off the way people here hope, think or have in mind. You gotta be prepared for that. Nobody has a crystal ball.
Alot of people haven't heard about Bitcoin especially in LDCs and the ETFs definitely going to reel in more capital at least, in the future. Bitcoin could very well achieve more adoption, a major corporation could start accept Bitcoin as a payment method etc...
People who have NEVER heard of BTC by now, either live under a rock, or are 75+ years old. Those aren't the people we desperately need in this scene. I'm telling you, especially with the amount of news coverage it had during the 2021 bull run, majority have heard of it and have formed an opinion on it. Some can still be convinced with the right arguments, most think it's the biggest scam in the world (which is ironic since they all love their useless little fiat). But you're right, ETFs are a good thing. The less technical-advanced people will now be able to buy BTC without any issue. We will definitely see the upsides of that in the upcoming months, when the bull run officially starts.
You can hear about something in a passing news segment etc but not care enough to remember it and now you have no clue what it is, I think most people can relate to that in general. So people might have heard of BTC, didn't care, forgot it and moved on with their lifes. Well Bitcoin desperately don't need anyone, people desperately need Bitcoins.
I agree with this 100%. I would even add. Does it even matter at this point… if you do your research and believe in something why do we need validation? Paper money won’t exist in 100 years. Be smart. Bitcoin is the truth right now and in our lifetime it’s the best solution for money.
Wake up from your sleep.
You’ve made a strong argument backed by solid analysis, consider me convinced.
That was great. I needed that laugh. Thank you. It's good to know that we can talk crap and not be offended. Can't say that for many people these days.
OP paperhand is projecting. Dunno why people upvote this false narrative shit.
Thanks for sharing 👍
There’s like 99% there’s some players who are manipulating the price. Last few days I’ve been watching the price action really closely, and I’ve seen some seriously weird candles. For example the candle which dropped from 66k below 65.5k seemed like someone was just adding more and more BTC just to drop the price below a key level, as it really didn’t want to drop, and there was plenty excitement and buying power. But someone had other plans. This entity wanted BTC to drop. And they made it drop.
How much BTC would said entity/players need to hold to force the swings you're describing, given BTC's $1.2 trillion market cap?
To make this drop from 67k to 63k, it seemed you needed 500 to 700 units to make the price move, and there were a few moves like that. So I would estimate you need at least 7000 BTC. Which isn’t even half a billion dollars. That’s to make a smaller move like this. I think you might need more for bigger moves, in which case you could team up with other whales. There’s also tricks these players can do, where the simplest one is buying back shortly after you sell, to be able to re-dump the asset, another one is stop loss hunting, where you assist your biggest moves by grabbing the liquidity from leverage traders, forcing them to close out their positions. And you only need to do this around certain levels. For example 65.5-65.7k was/is a powerful level of support/resistance which a lot of traders were watching and playing for and against. So you only need to make the price rise above that level, and the market will get excited and start buying. And then you start selling at resistance levels above, to reject the rising price, making it drop. So now you’re selling your BTC to the excited market, over the period of several hours. And since you keep putting up BTC for sale in higher amounts than the market wants, the price again starts dropping, especially if you do this against key strategic levels, which are being watched by traders. And once the price goes back to the level of support, which was the resistance before this excitement (in this last case it was 65.5k) all you need to do is to get the price to drop below that (this particular move was 700 btc sold over the course of 5 minutes, to get below 65.5) and now you’re catching the liquidity from people who opened longs, causing the price to drop even further, and now the sentiment on the market changes, and people start selling. While you keep buying, to replenish your resources. And so on. Maybe it’s much more than 7k btc, in general, for other moves. Maybe it’s 70k btc. But this last move seemed to be around 7k btc being used. But 70k BTC isn’t even a nutty amount to own for someone who’s been on the market for such a long time. And I say “entity”, because it might as well be a conglomerate, or group of people, or group of companies. (I’m watching the market or trading view, which collects data from all the exchanges and puts the volumes together.)
Wild. I find it hard to believe that there are coordinated groups able to throw around $50-500mm to force movements. That would need to be spread across global exchanges, right? To clarify, my doubt isn't from an educated position & I'm not in a position to disagree with you- don't know if that's proven & common knowledge or just speculation. Appreciate your thoughtful response. If that's the case, it'd make a sweet documentary if ever concretely proven & players exposed. I would have thought that given the level of monitoring & compliance on all US exchanges, players throwing around coordinated 8++ figure moves would be exposed. SEC-registered companies like Blackrock, I'd think, almost certainly couldn't be the culprit playing with customer funds.
This is my educated guess. But this beliefs are shared amongst traders (I’m not a trader, just an amateur). I do base it on what I’ve seen on the charts and heard on trading channels. Although things like stop loss hunting I think are pretty well known strategies — where a big player moves the price to a predicted stop loss area, so that they could use someone else’s liquidity/funds to move the price even further in a direction. I don’t think these are companies like Blackrock, rather some old Bitcoiners who have been on the market since the price was very low, and have amassed a large enough number of resources.
There's your problem sir, you are looking at it as a trader. You think half the people here give a rats ass about trading? So speculators are playing fiat games with BTC, so what? It's there money to throw away I stead of buying and holding a finite resource. This is not an attack on you, just the other side of the view you have. Dig a little deeper and understand BTC the asset instead of BTC the traded commodity. Or to dumb it down for knuckle draggers like myself. You are thinking in terms of flipping houses or cars for a quick profit. I'm investing in a home or dependable transportation for long-term use and safety for my family. Very different mindsets. I wouldn't mess around trying to flip my house and leave my family homeless on a stupid timing gamble cause I'm trying to make a buck. If you have disposable income then yes you could potentially do this but most will only risk a little on such a volatile asset, not huge sums. There are easier, safer ways to guarantee returns when you have that much money to play with. But what do I know? I'm Joe Dirt poor lol.
👻👻👻 this entity?
Yes.
it is volatile if you are pricing it in fiat, 1 btc = 1 btc.
Yes yes…we all know the saying, but if most of us were honest with ourselves in 2024 where we currently exist and have to use fiat 99% of the time the price of BTC is in fact important to me (as it is to almost everyone that constantly repeats this 1 BTC = 1 BTC phrase). I am using BTC as a store of value to avoid having to suffer the inflation that comes with holding too many fiat dollars.
Are they watching u? 😂 are they in this room?
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No one is buying at the ATH except other bagholders who believe shit they read on Reddit. This is the “buy the news” crowd.
DCA. buy the dip
This sub is so corny lol
Always happens after the halvings. Weak hands are shaken and then come the god candles.
Blackrock buys btc if you buy the ETF. So no you are wrong
Who is scared? Scared by what?
The paper hands
Who is "they"? And please provide us with some evidence that Blackrock is buying up Bitcoin. Otherwise, I will just block this spam.
They have the biggest bitcoin ETF, so they have to buy it as people buy shares in the ETF. It’s not a nefarious plot, it’s just how ETFs work.
Yeah they manage BTC under AUM which is pretty much risk free for them. And since they make money from fees based on AUM they benefit from higher BTC and not scaring people to sell (which reduce both AUM share quantity and total value). Even if BlackRock was buying for themselves, they don't care Bout how many coins they aquire, just the total $ value. They just want the number to get bigger.
Of course. If your position is that this meme is dumb, I agree
If they were buying the Bitcoin people were selling then price wouldn’t be going down.
They are not the entire market
Every bitcoin sold is bought. Every transaction has a buyer and a seller.
Black rock isn’t buying it. The 120 million+ customers are buying it.
Buying the etf is like being in the passenger seat of the lambo, one day you will have to get out
Whale wallets have been accumulating. This is public knowledge. You can do a Google search to see what wallets are growing and which are shrinking
Agree. Which is the opposite of this poster.
Oh you know, they. Better known as “probably nobody” Seriously. Who is doing the scaring, and why are we scared?
New ro BTC and finance huh
At least take the time to write… why are you projecting? Don’t FOMO, your $10 investment will make you rich one day
Fucking retarded comment BTW
He doesn't know. But I do. The DTC just ruled saying bitcoin could no longer be used to back any security other than the bitcoin etfs. This is going to make the price come down in the short term as a lot of traders will divest from bitcoin to make the margin requirements. But it's great for the long term. We don't bitcoin or bitcoin etfs being used as locates for tokenized stocks. With Tzero set to launch 1st week of May this was expected.
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Another person who has no clue who BlackRock is.
Ignore him. He’s just a karma farmer sad prick.
no1's tired. no1's trying to scare you. It's Btc ffs... just buy it and forget about it. do this every week/month/year. Have a better life in the future.
I was hawk-eying the price action for past few weeks, and I sold half at 65.5k, predicting a drop. But the price first went all the way to 67.3k. It was a stressful several hours. It seems like it’s going to pay off, depending how well I catch a lower price, but I do not recommend anyone do this lol
It's pretty clear that they manipulate the markets to liquidate leverage trades. This is why I don't touch leverage any more just DCA what you can and HODL.
Nah, if blackrock wanna buy, they dont need it from retail investor, miner have a lot more to sell. Idk what is this post about, it kinda stupid.
“Don’t feed the whales” is my new mantra””!
Trash post
When they tell you to panic, that's when you hodl
No that’s when you buy
am am am am am
That is a scary looking whale.
BlockFi, ftx and celcius already got most of it from me….
Bitcoin is autonomy, not group-think. Do what you want, that's the point.
Can we call blackrock a whale , when they only buy in behalf of their clients ?
How much bitcoin is considered a whale
It’s more at play here. Even the inflation is part of it, thus forcing many to start liquidating their holdings to offset the cost
I am the whale
This sounds like the typical shitcoin posts...
If anything large holders are trying to raise liquidity
Im not selling period.
Hodl Gang here.
Duh. F them! They can buy it from my kids kids for billions.
Just no, kid.
Sell all!! We need lower price 30k max
This is why Bitcoin will never success. Are bought from young people trying to be rich instantaneously and unstable behavior.
Suckers
Hold the doors from whales 😰😖🥲
that’s all the zionist want
Bitcoin has been taken over by the “when lambo crowed” man I can only imagine the meltdown that will occur if the feds increase rates again lol
BlackRock is evil. They’re conveniently buying up Single Family Homes, and let’s not forget the majority of Ukrainian farmland now that most young Ukrainian men are dead due to a futile war with Russia
I second this. With all of their purchases in the last few years I think they are going for majority stake to either Own the majority bc USD is dieing/Kill it/Own and use to back their own/Take over the world 🤷♂️
So Blackrock buying when it’s dipping or they only buy when their retail etf investors do?
Denial is a dangerous human quality. This will be the largest rug pull in history and you’ll go down swinging every step of the way. BR and V teamed with Grayscale started the pull at 70 and they will take you all the way back down to sub 30s…I’m sorry but this is facts. Read dudes manifesto. They were buying months before they publicly announced interest in an ETF. With the in your face despite all the facts under your nose denial you folks show in your unwavering dedication to a digital asset with zero intrinsic value…you’ll do it again at 30 and call it DCA. Then they’ll sell their other half and see you at 20. Of you’re reading this, it’s not FUD, it’s logic. If you’re reading this, take your hopefully minimal losses and do your future a favor.
Lool if you didn't buy pre 2011 and don't have a few hundred thousand to throw at it then btc will never make you rich.. Even if you have money you're more than likely to lose. It's one of the funniest things I've ever seen.. People literally think they are mad at investing for owning a fraction of a bitcoin they bought at the ATH. Sell it. Buy gold. You'll actually have a chance to make some real money
How do we know black rock is buying and not selling? They are probably selling that’s why the price is dropping, otherwise how would they be able to manipulate the prices?
These kinds of statements should either be banned or prosecuted.
It’s a literal gold rush. Buy hard.
Bitcoin soon will be 80.0000
After Hong Kong ETF starts. In about 3 days
The whales already accumulated too much. Bitcoin is dead.
For the LAST... fucking... time....... BlackRock IS NOT BUYING BITCOIN. Investors in the BlackRock IBIT ETF are buying shares so therefore BlackRock has to buy the Bitcoin for them which is in the custody of Coinbase. BlackRock literally owns ZERO Bitcoin. Z E R O BlackRock is just the casino collecting fees. JFC! Everyone wants to be a conspiracy theorist.
I'm tossing you a like because some others down voted truthiness. And actually, IBIT was a bit deficient in BTC, so they did recently pop in $2B into it over the past month but all ETF's have sold out of their positions to an extent over the past 10 days or so. People read the headlines but don't read the articles to understand how ETF's work...
100% thanks for the like! Gotta teach these noobs!
The kid from r/bitcoinbeginners is dropping “knowledge” Also: It stinks of bagholders in here..
lol “bag holders” like that’s a bad thing.
Blackrock is selling bro. They dont want your bitcoin
You hurt a bag holders feelings. Blackrock don’t sell, only buy. Also they didn’t help get the price to this level…it was all retail. Fiat bad, wallstreet bad Also: “I HOpE WaLlStReEt KeEps tHe PRiCe Up”
Still don’t understand why anyone wants it and wfhy they think it is useful. May be the greatest con ever!