/biz/ - Business & Finance

link
proof

>>24511689
sell the news faggot

Bullish af
https://cointelegraph.com/news/bitcoin-arrives-on-wall-street-s-p-dow-jones-launching-crypto-indexes-in-2021

>>24511689
Need the list

>>24511689
bearish news

this is huge right

>>24511689
this is actually insane, right? i mean this is fucking ridiculously huge

>>24511689
Kek they will short the fuck out of this spiderweb market. Just remember what happened back in 2017 when the first futures market opened. "We will tame bitcoin" New lows in end of January.

This is like PayPal news v.2.0

>>24511780
how is exposing crypto to even more potential buyers who want to accumulate it as an asset "bearish"?

>>24511689
what happened to the days when biz got the news before these clowns

>>24511763
>>24511780
Cope beartard mongolodoids.
Post your shorts right now

>>24511689
The sell signal you've waiting for. No one gives shit about cryptos so don't forget to get rid of your bags this time

>>24511816
yeah maybe you should short 10x

>>24511850
>>24511816
This

>>24511780
what an absolute retard

>>24511873
>The sell signal you've waiting for. No one gives shit about cryptos so don't forget to get rid of your bags this time
Wow. Such salt. Still waiting for the dip to enter the market?

>>24511873
post short

If you join the Rubic multichain project:

> trade with low fees and without KYC and limits
> create and list your own token
> get x4 profit from the first investment
> integration of 3 blockchain in one DeFi project
> faster transactions between the blockchains

> https://rubic.finance/
> @cryptorubic_chat

I'M RICH RICH I TELL YOU
AAHAHAHAHAHAHAAHAHAHAHAHAAHAHAHA

>>24511979
bro its bullrun time and you're still in shitcoins? put all of it into any coin in top 10 and you'll make a profit

But will these b spot trades how will that work?

>>24511689
>Can this wall street coverage take Bitcoin to $25k
Bitcoin will be above $25k before this even goes live.

We've made it /biz/

>>24511689
>will list 550 cryptocurrencies
This is actually a high level bearish play because 500 of those are complete scams and another 42 legitimately trying will fail. The only 8 or so worth watching are probably in the top 50-100 already. Can you imagine some wall street billionaire browsing page 4 of CMC? I don't even go past page 1. I bet Peter Schiff is behind this and will say "See there aren't 500 golds" or something dumb

>>24512334
had the same thoughts. no idea why they are going after 550. at absolute most 25-50 are the only ones even worth looking at.
more like 10 established ones, but imagine a WS investor looking at fucking Kleros

>>24511689
550 cryptos? I think there are only 20 cryptos what are taking themselves seriously. Most of them are larpcoins.

But the question is will it be backed by them buying the underlying assets?

>>24512796
to be fair, even if the answer is "no" then wall street goons will just buy indexes and then go and buy the crypto itself, making them money on both ends of the trade.

>>24511953
>>24511976
I couldn't care less about BTC but it's is obvious that this scam is coming to an end.

>>24511769
Gonna be trash like dash. Boomers always track the wrong ones.

>>24512334
imagine the trillions they throw around going into shit coins, the only way to draw normies to adopt to crypto
>crypto go up 1000% on wallstreet
>boomer: hold cypto =good

I’m here to break all fud info about the RBC token. I’ve earned 300% from RBC trading and I’m ready for x15 after the instant trades options launch. So, what is the Rubic?

>fast transactions and low trading fees
>instruments for creating and listing your own tokens
>solutions to lock liquidity until trade is closed

> https://rubic.finance/
> @cryptorubic_chat

>>24513338
Die pajeet!

>>24511689
Holy crap this is extremely bullish for Bitcoin, Eth, and Statera.

There are only about 20 legitimate cryptocurrencies. No way they are going to do 500.

>>24511689
500? there isnt even a handful of cryptos that arent complete scams

This is extremely bad news. Coins are going to become stable..

It's just an index, not an index fund. You can't invest in it. It's literally just a crypto price tracker.

>>24511689
pidaras ebat'

>>24513673
this board is completely fucking retarded
take me back

>>24513618
that's a bad thing you know that right?

>>24513745
kek, today everyone just agreed to be as brainldead as possible

>>24513673
Ask your carer to read and explain the article to you.

>>24513745
>>24513782
Learn to read you fucking retarded monkeys
https://www.reuters.com/article/cryptocurrencies-sp/sp-dow-jones-indices-to-launch-cryptocurrency-indexes-in-2021-idUSL1N2IJ0TG

>>24513962
i was agreeing with you

>>24514112
Oh ok sorry the other guy threw me off.

>>24511689
I hope deepbrainchain makes the list. These bags are heavy...

>>24512875
hows the weather in dorado, schiff?

>>24514112
Me too

>>24512875
>I couldn't care less about BTC but it's is obvious that this scam is coming to an end
I'm really interested in the few people like you on this board. Are you new here? Or have you been here for years watching BTC skyrocket being adamant it's a scam.
Please tell me. Very interested.

>>24511689
Crypto indexes are a scam. If you don't hold the actual coins in your personal wallet, they aren't yours. This sounds an awful lot like gold contracts and Bitcoin packages.

>>24511873
we haven't even started mooning this cycle yet and you want to sell. Some retards really can't be helped.

>>24511689
Fuck msm articles are extremely bearish....

>>24514278
This, a better way to track cash flow to ease manipulation. Crypto is not the actual problems, big players that plays the numbers are. Crypto lost its original purpose and his now attach more than ever to the system financial disaster. Was meant for protection but the creed killed it. Sad at some point, Godspeed all of us.

>>24512875
Lol, i've never seen an outpriced nocoiner outing himself that decisive.

>>24511873
Where did you go? You left the thread to buy a rope?

>>24512579
Maybe statera will finally get a pump

>>24511780
listen retard you're not going to affect the BTC price, just stop.

I'm going to be emotionally devastated if we don't break past 19.5k today. I've been holding for years, I am so fucking tired of waiting.

What is a "crypto index?" Can someone explain this for a brainlet?

>buy crypto as a hedge for when the current monetary system and stock market inevitably collapses
>the system just absorbs crypto instead

Just fuck my shit up familia. Buy gold.

$1m EOY 2021, 100%.

>>24515597
Good to see someone that sees the problem too, crypto is now part of the shitshow officially. Too much faith into a digital ralm and in who/what s behind it might be our downfall. Godspeed

>>24511689
It's really nbd. Just an index, not like it's an etf or anything

>>24514112
me too

>>24515597
Yeah. This was supposed to be how we bucked the system. Now it’s just a part of it.

>>24511689
HUGE SELL SIGNAL

Well looks like we are going to get cucked and get our 20-30% pumps cucked down to 3-5 % being pumps
Fugg

>>24511850
Don’t listen to bears, a lot of psychopaths on this board want to Vick you out of receiving insane gains at the 11th hour. Bitcoin and the crypto market is about to EXPLODE sky high with insane gains, load your bags boys, clench then with iron hands.

>The S&P DJI-branded products will use data from New York-based virtual currency company Lukka on more than 550 of the top traded coins, the companies said.
>more than 550
That's a lot of dead shitcoins lmao

>>24511689
TOP IS IN SELL SELL SELL

>>24511749
>>24511763
>>24511769
>>24511780
>>24511873
>>24512875
>>24514963
Post short or fuck off beartard faggots

>>24511689
This means "Institutional phase achieved ", Public attention phase unlocked. True, the china flu will still attract the most eyeballs, but after the summer of 2021, October the most, we're getting aboard the GBR., destination Dec 2022.

>>24511689
just imagine all those shitcoins no one but the devs have, this is going to be the ultimate pump n dump and literally every coiner will be priced out right out the bat

>>24511689
This kind of news could mean the bullrun bubble this time will be that much larger. We could be looking at a 450k-500k top for BTC.

>>24515597
Not surprised I had to scroll 3/4 down the thread before seeing the only valid take
/biz/ is such a shit board

>>24511689
priced in

>>24511689
I always love cointelegraph's snarky illustrations
It gets me bullish as fuck

>>24515597
Imo you get it wrong. Of course wallstreet will eventually pick up the ball. But that doesn't imply anything else than funding coming in. True, it could become more volatile and also if market caps really grow significantly, governments need to react. But principally it's just normies buying in which is not bearish. Try not to overlook the forest for the trees and be glad you can be part of retailers already on board while institutions need to buy in. This has never happened so far.

>>24511780
how? genuinely want to hear an argument in case im missing something

>>24513962
>>24513673
oh damn.

>>24520996

Why would it become more volatile as market cap grows? thats not how it works

>>24511767
What the fuck it's real

>>24521314
If wall street goes in, sentiment will work differently. Stock fags are hysterical beings who react to all kinds of news. However i don't know how the outcome will be with our miner's price dumps and the other btc specific things. Also generally market cap isn't necessarily a damper for volatility. The price is made by the volume on the exchanges which is significantly lower than cold storage or wallet.

>>24511816
Uneducated short positions are fucking bullish though. It's why Tesla keeps climbing higher and higher highs even though it makes no sense anymore.
>Every financial advisor says Tesla is overvalued and crashing soon
>people short the fuck out of Tesla
>price keeps rising
>Shorters have to cut losses and buy at even higher prices
>repeat

If people unironically start shorting Bitcoin the 300k projection for end of 2021 might actually become FUD

>>24512579
>>24512334
I guess they wanna keep the option open to put money into potential moon missions. You don't lose much if you put 0.1% of your portfolio into a shit coin, but if it does a x100 it suddenly becomes equivalent of 10% of your portfolio.

S&P is big enough where diversifying to that level makes sense

>>24516854
Listen here you little shit.
(((They))) will never allow anything be it gold or Bitcoin to be the standard as long as they have the control over the masses.
Seeing the current situation I don’t see their grasp weakening. So might as well make some fucking money.

>>24515597
There is a simple rule to prevent your crypto getting sucked up in the current monetary system:

NEVER. FUCKING. SELL.

>>24511689
BUY FUCKING LITECOIN

>>24511873
If no one gives a fuck about cryptos why are they getting more and more exposure?

>>24521729
and finally cryptos are getting real adoption with all the usdc stuff coming out etc.

crypto index is the most stupid thing ever because there's only like 2 good coins.

>>24511689
>NASDAQ lists 550 cryptos
>BTC only gains $5000 in value
Lol okay sure. More like 250K BTC in the first few days alone.

started from the bottom now we here

IT'S JUST A PRICE TRACKER????
WHO
FUCKING
CARES

>>24522432
Once an index is created an index fund is soon to be created. Why do you think they would even bother doing that?

>>24522459
thats huge speculation kek

>>24522459
can anyone confirm? i dont know how anything like this works.

>>24522543
It's speculation but not really huge speculation. It's simple logic. If you put in the work to track the price of things you probably do so because you're inclined to invest in it

>>24511689
Oh good it's "futures" all over again. Lol newfags have no idea what's going to happen. Hint: We're going down, faggots

>>24511816

Cant short crypto, idiot. You cant borrow shares to create artificial sell pressure.

>>24522637
You actually can borrow crypto and sell that

Will they include Jamaicoin?

>>24511689
Yeah this is definitely bullish. Those who say otherwise are retarded
However I think we might have another crash in 2021 with the economy, and then we moon

>>24522607
>you now remember the old ETF days of 2017
>SEC problems and constant dumping

>>24521597

this. if you actually "believe" in crypto you're insanely fucking deluded and not a day over 22. It's about making money

How does 500 "Bitcoins" per ETF-held Bitcoin sound to you guys?

This is how they make room for the big boys with big pallets of money, without "manipulating the price" upwards. They inflate the supply via derivatives, and the market will treat it as legit price discovery, and the hedgies will refuse to buy anything else, and they'll never take custody of their crypto directly.

They follow the unwritten rules. #1 is: "Don't bite the hand that feeds."

>>24521597
(((They))) can have their trash fiat money and use it to turn modern society into pseudo feudalism I don't give a fuck.
They can't touch bitcoin, there is absolutely nothing they can do, bitcoin will continue to appreciate against their fiat trash as long as they keep evaluating it and they have no choice.
Game theory is already in motion.

>>24523282
>muh game theory

cringe

>>24523668
>cringe
fear smile

>>24511689
>will list 550 cryptocurrencies
There aren't even 50 cryptocurrencies that aren't total scams.