Subnostr

Why would BlackRock want to lower the price? They probably want it as high as possible, so their ETF is always holding.

You can spend Yuan on corn within China. Can't do it with BTC.

I’m confused, you said that Blackrock would suck up all the BTC to manipulate it, wouldn’t it go higher naturally if they were taking all of available supply off the market and holding? Where does the manipulation come in and why would any one complain if it goes higher?

Reply to this note

Please Login to reply.

Discussion

Layerjack (Onion Knight) 1y ago

Manipulation comes in when they trade their token on a stock exchange. Also comes in when they transfer their BTC in and out. Maybe more ways to manipulate the price I don't know.

Badsamm 1y ago

Me either. I realized early I’m not a trader. I think BTC being a zero sum game changes the playing field for manipulation on a global scale.

Layerjack (Onion Knight) 1y ago

I don't know if BTC is a zero sum game or not. I'm simply telling you the difference between a currency and a security/asset.

BottleTeams 1y ago

The manipulation comes from ETH but nobody thinks about that.

Layerjack (Onion Knight) 1y ago

Ethereum is a way to run scams in a decentralized way.