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/biz/ - Business & Finance

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11555123 No.11555123 [Reply] [Original]

These fuckers are going to short Bitcoin to 0 aren’t they? Preserving the dollar long enough until they die off and GenZ takes over.

>> No.11555133
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11555133

it would not be in their best interest as market makers to short it. but clearly you are one dumb piece of shit Op.

>> No.11555164

What's taking so dam long ffs

>> No.11555229

>>11555133
exactly anon, their profit margin is infinitely higher in a bull market, it makes sense that things are so quiet now while big players prepare the infrastructure. It will be insane how much positive PR they will pump

>> No.11555403

>>11555123
can someone explain why i should give a shit about bakkt?

>> No.11555469

They will need a lot of Bitcoin to operate. Pay outs in Bitcoin. $50 mil buy in.

>> No.11555526
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11555526

>>11555123
>These fuckers are going to short Bitcoin to 0 aren’t they?

The only thing they can short to 0 is paper bitcoins and since paper bitcoins aren't the primary way to trade BTC (unlike paper gold is the primary way to trade gold) it doesn't matter at all.

>> No.11555582

>>11555469
>implying they’re going to market buy from fucking Coinbase or Binance

I’m sure that everyone bullish on Bakkt thinks this. You’re all fucking retarded.

>> No.11555605

>>11555582
Do they already own the Bitcoin?

>> No.11555727
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11555727

>>11555123
>>11555164
>>11555403
and there I thought for a moment that the market FINALLY understood BAKKT's implication, yet here we are... holy fuck people, are you guys just baiting or does it really take you several months to wrap your head around something.
>>11555582
No, I guess most deals will be done OTC yet I do believe that they'll eventually have to resort to open markets through a dedicated coinbase service or other similar ones. I seems to me that people are grossly underestimating the amount of circulating leveraged institutional money. There's not even enough BTC for every fidelity client, ten banks buy 20k btc and there's be no left in the immediat open market (and 20k is something that even some private funds could dedicate to bitcoin as an alternative investment)

>> No.11555780
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11555780

>>11555605
If you were need billions worth of bitcoin to operate and you're a fucking large institution would you wait until the last that to adquiere them? would you market buy from fucking exchanges? Are you stupid??

Of course they already have billions worth of. bitcoin and may still be accomulating, notice the price stability for the past. month...

I'm confident bakkt is priced in but retail investors but general speculation is what moves the market, therefore this might be a snowball of events that will drive the price up

>> No.11555904
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11555904

>>11555123
>muh ebil institudions

>> No.11556155

>>11555469
probably already bought otc lmao