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TheGrinder | 1 months ago (raw) | root | parent | reply | flag +2 
 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.
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FEW_BTC | 1 months ago (raw) | root | parent | reply | flag 
 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.
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TheGrinder | 1 months ago (raw) | root | parent | reply | flag +1 
 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.
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FEW_BTC | 1 months ago (raw) | root | parent | reply | flag 
 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.