Replying to Avatar π–‹π–Žπ–†π–™π–‰π–Šπ–“π–Žπ–Šπ–— (Β―`◕‿◕´¯)

Change my mind : Blackrock ETF will be used to capture and kill #bitcoin
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Caβ‚Ώle Guy 2y ago

How ?

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π–‹π–Žπ–†π–™π–‰π–Šπ–“π–Žπ–Šπ–— (Β―`◕‿◕´¯) 2y ago

They can manipulate the price with a big stack of #bitcoin just like the way they manipulate the price of gold

9a
9a013727... 2y ago

Gold clearance and stock is very centralised, how can they do the same to btc?

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π–‹π–Žπ–†π–™π–‰π–Šπ–“π–Žπ–Šπ–— (Β―`◕‿◕´¯) 2y ago

They can manipulate the price of the ETF by buying and selling #bitcoin in a thin market and they won’t let you redeem in #bitcoin, so all the money is tied up in paper #bitcoin

9a
9a013727... 2y ago

It's much harder, plus the moving sats, those they won't buy will always be much more efficient and allow much more freedom than metal coins.

9a
9a013727... 2y ago

What they were able to do with gold and silver is only because metal coins suck in the transportability aspect of a transaction.