ETF - Where dreams come true
I remembered writing an article last year about the involvement of Black Rock into the crypto industry. I was never a fan of any finance titan involvement with crypto. Crypto landscape is a very easily manipulated space in the first place, think about what finance titan could do to our space. Remember Elon and Doge? Being a super volatile market that we are, we still think that ETF is god sent. lol. Wake the f**k up. I apologize if that was rude but ETF is the very gateway to price manipulation. Well, the price were already subjected to manipulation prior, but this time around, these titans get to do it under their "special made" laws cater only to the rich.
For those who think that the Bitcoin is going to pump to 100K this year, you are right. But there is one thing that you may overlook due to all of the echo chambers of "TO THE MOON!". The finance titan is going to scoop up your tokens first before that happen. HOLD ON TO YOUR EFFIN BITCOIN.
Well..we know how it pans out in the end don't we? :D
Most of the Asset managing companies are putting on selling pressure on the market: - refer to this article: FTX sold about 1B worth of Grayscale BTC explaining why the selling pressure of BTC skyrocketed through the roof. That is what going to the moon at this current moment: SELLING PRESSURE. At this point, I'm just waiting for the moment in time where those who are on the current "long" buy options gets themselves liquidated and we will definitely see a crash on the BTC price. If previous year the price of crypto is volatile due to regulation and failing companies, this year, it will be due to HEAVY market manipulation.
Think about this, if ELON MUSK is able to pump doge to 70 cents back in 2021, and dumped as quickly, what do you think companies like BlackRock are capable of. lol. Let's "HOPE" that they are on our side. You kidding me? These are the same people why the traditional finance landscape were never fair, ever, in the first place. 😂😂😂. Of course I won't deny that ETF will expose crypto to the larger market, and that is a good thing. But that's all there is to that isn't it. How is Government controls the way you spend your BTC is a good thing? However I digress.
Personally, I am not at all affected because I knew this could happen. I will wait for the market to totally wuss out and sell their tokens to buy in again. By the looks of it, BTC could head to 37K or maybe 18K at this point. This is a long term plan for the ETF manipulators, the longer you held to your coin, the longer the price will hinged at this current price. Another possible outlook is that the ETF managers will pump the price to get you to go on buying rage and dump on you. lol. They have the resources to do so. They are the asset manager. What is our few hundred or thousand of dollars going to stand a chance against their millions of dollars?
You know you should have stopped buying by the time the news of "ETF Approval" pops out. It was time to sell. The price is going to get much volatile here on out. One good thing about BTC is that 1 BTC is always going to be 1 BTC, whatever that means. But imagine if BTC became an elite asset owned by just the elites, your satoshi will become very valuable. With BTC halving coming on in the next 3 months, the market is definitely going to pump again. If it does not, then prepare for a pump after the event (indicating that BTC became more valuable after becoming more scarce). Because "Buy the rumors, sell the news" is pretty much a dominating effect in crypto industry. All the best to all.
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