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BlackRock just dropped nearly a Qtr Billion dollars on Bitcoin, yet prices are down? 🤔 Is the game rigged?

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Laurie

I'm not too fond of the suspected manipulation but I'll take the opportunity to buy more:)

Kenny

What is causing BTC to drop from 65k to 58k in 72 hrs ?

D. ⚡️

Zoom out!!!!!! Even if these canksters are playing normal stupid suit wearing wall st crap it can’t last for forever……

DigitalRengade

Why did I hold. Should have just sold everything Monday morning. All this to the moon bs. It looks like btc will break down, not up

Peter Griffin

Don't ever believe any "to the moon" nonsense. Ruthlessly take profits. If you're afraid you'll miss the boat if anything ever actually goes crazy, keep a small % on the table to let it ride. The biggest lesson I've learned is that everyone on the internet downplays dips and overhypes any gains.

RP UK

The thing that effs me off the most is, because of OTC trading, there’s two uncorrelated markets going on simultaneously, that disadvantages the likes of you and me as retail suckers. “For the first time ever, we can front run Wall Street” was the rallying cry!! I call bull-puckey! They’ve got their own back room card game going on, and we ain’t invited. If the promise of BTC was that it was a true and fair free-market, their purchases should be benefiting us early adopters, but the table is rigged against us, the little guys (again). Disgusting!!

CommonSenseFactor

The news states that Black Rock acquired a certain amount of BTC and in fair game it would increase the value, yet the price goes down. As RP UK stated the backroom game is being played to lower the vibration of the collective conscious to further control a positive vehicle such as BTC, remain positive and know better times are coming.

BsTARD$uN

Are they buying the BTC themselves and then selling it to their clients later at higher prices? Are they allowed to be their own OTC desk? Why is the SEC that is "keeping investors safe" not forcing transparency of wallets etc. All those questions floating around my new to investing brain. My wise brain that I have developed after my 20's and 30's tells me that the scarcest asset of earth is a good bet and of course the self custody thing works with the thesis as well. I was a gold and silver bug from mid 1990's...

Guy

James i read this and can u pls verify. Dr.Profit believe Blackrock are buying BTC in massive amts thru OTC. This is why ur not seeing thru regular channels form places like MTGox. He also thomhs feds will cut 0.5 on interest rates