I don’t know  who does it or how.

But the bitcoin price is imo clearly being heavily manipulated and suppressed.

That’s ok though. The trick is low time preference. Just don’t get demoralized or stuck with worthless paper bitcoin while we wait.


Yes - agreed - but it does behoove the bitcoin community to know who and how.


It only works on a short term time scale. On the long term if they are obligating themselves with paper debts that they can’t fulfill, then it will bite them in the ass. #Bitcoin doesn’t care


The answer is easy. BlackRock's brokerage friends.

People been discussing if ETFs are backed 1:1 and if BlackRock is issuing paper Bitcoin. The truth is, they don't have to issue paper bitcoin. They call their friends and tell them to put up more sell pressure than there is retail demand.


I appreciate the poor fool suppressing sats for letting me get in and get more for my fiat coins.  They will be humbled in the end and slow stackers will inherit the earth.


Wild take: Do we have proof Saylor actually owns MSTR coins and they’re in custody without fractional reserving? Or is it just because of podcast appearances and very public paper disclosures under threat of prosecution that we trust him?


I don't trust him


Bitcoin is still very niche with less than 100 thousand serious hodlers. It's not manipulated. It's just not understood. This is 99.9% more likely than a conspiracy of someone or. A small group manipulating it. They would have to have incredible holdings and secrecy with high trade volume. Those things together are very very hard to achieve with Bitcoin.


nostr:nevent1qvzqqqqqqypzp3ya22jhxdn8j2u6dey9zkru9qzzlvj05439cmt8hry4ep634js4qqs2frah9c56yuejvk5rdqa882zw3e009yazjccrfzzr0jdygdf3f6srt4hmf

Wall street would never manipulate the market. They're rEgUlAtEd bY tHe SEC!
 https://cdn.satellite.earth/bf591cab901f41c63e7411c275114aeffd863f2a94275b755874775613892b2a.jpg


What does 99.9% more likely mean?


just keep stacking sats in your cold storage. The more you own, the more the people doing the manipulation will have to pay you for it when they eventually have to buy from you. When that happens, WE control the price, not them.


Yes there is proof... They are custodied at coinbase and fidelity. Highly regulated exchange and broker. Anything is possible but you're jumping to the least likely conclusion because of your bias.


It means it's the least likely reason but you believe it because of personal bias. Occam's razor completely disregarded around these circles.


Where ‘s the “proof”? You’re pointing to reputations as validation.


Good Guy shadowy elites holding the price down so we plebs can accumulate 🥰


Occam's razor.

No it isn't..markets are just incredibly uncertain right now.


Many people keep sats on exchange and therefore used by market makers.


The chain is proof of the supply.


I would argue it is almost impossible to manipulate and/or supress the price. The reality is that Bitcoin is the most liquid asset which means it will react almost immediately to both good and bad news


Agreed. At one point the old stock of coins will be depleted and everyone has to pay the new price.


Are there addresses we can go verify?


nostr:nprofile1qqsphh4hcsk9trquc2rd0drwge9vh75rmaa43xru4ha74nyrld9emygpzdmhxue69uhhqatjwpkx2urpvuhx2ue05wqmlf what you got on Coinbase addresses?


“Almost impossible”??

When the overwhelming majority of trades are happening off chain, and massive institutional “holders” as well as exchanges don’t show proof of reserves. Lol


Disagree. Bitcoin is acting like piggybank of the market.

Your car breaks, you need to fix it. Then you sell bitcoin


Always has been.


I don’t know  who does it or how.

But the bitcoin price is imo clearly being heavily manipulated and suppressed.

That’s ok though. The trick is low time preference. Just don’t get demoralized or stuck with worthless paper bitcoin while we wait.


I think we just have the announced totals from their disclosures. And fudging those disclosures is against the law. So we assume they’re accurate.

Could be wrong but I think that’s the case. Also, I’m not saying it is what is suppressing the price let alone suggesting it is happening…just pointing it out as a trust gap and an example of ways the price could be suppressed.


Yes but they are regulated by SEC and their ETF holdings are monitored by multiple agencies and brokerages by demand of brokerages and by law. It would take a monumental conspiracy of hundreds of parties to fidge these number and is highly unlikely. That's all I'm saying.


What evidence is Occam's razor based on?


Not for MSTR…


Occam's razor is a principle of logic that states that the simplest explanation is usually the most accurate.


How often is usually?


Classic wyckoff shakeout. hodl on


Onward 🫡


2008 said what?


Note 📝 I WAS not the one who asked this.

#btc #nostr #saylor

Will say this: how many have been bailed out by big government?


You’re truly innocent. Hold onto that as long as you can. Sincerely. It’s beautiful 🤩 & wonderful. https://media.tenor.com/BWQxV7PZuwMAAAAC/bubu-dudu-bubu-dudu-love.gif


Please look into #Enron
Even after the laws changed
Look into how others gamed it.

Some people did the numbers. They prefer to pay the fines ( even including prison ) knowing the laws.

1% rules over the 99% & they take all.

Hence the need to constantly learn & understanding history even as we live & change it. 🫂😘


No. He’s not. He understands history and you obviously don’t.


I don't know if what you say is true, but when I heard there would be btc futures, I didn't like it... all I could think about was naked shorts.  I believe that is how the precious metals markets have been manipulated/suppressed for years.  Time will tell if this it true.


I totally agree and self custody is the most important thing to combat all the fraud.


Yep


Coinbase could custody 20 million BTC and the price would still be 59k


Market makers.


It is. You have to think this way. Until last cylce Bitcoin simply didn't have the market capitalisation for "smart money" to take tampering with it serious enough. In their world expected gains have to exceed expected fines or they're not interested. Today any brokerage stands to makes tens of millions by tampering with Bitccoin vs a few million fine.

if you look at the violation trackers you'll find that JPM, BlackRock and their friends pay billions in findes when rigging the commodity markets and that's what Bitcoin is for them, a commodity.


I hate to believe this but my gut agrees with you.  For all the cheerleading that bitcoin will protect us from the banks, etc. we now see those same banks making obnoxious splashes in the shallow end of the pool, throwing around access to unlimited amounts of printed money... and not hesitating to figure out how to manipulate the price.  Not sure what to do... again time will tell.  I want to believe that btc is freedom tech... and I'm cautiously optimistic.