/biz/ - Business & Finance

>>57036978
crab, last pump, dump
bleed to zero

B0nk

>>57036991
>bleed to zero

>>57036978
Crab between 38k to 44k until a week before etf then pump to 46k and then dump to 35k and then slowly pump to about 13m per bitcoin

>>57037004
its inevitable
the economy cannot support the bubble

>>57037033
But what about the heckin' bullrun?

>>57037052
no such thing, it is just front running for the ETF and the etf is fundamentally bearish as it competes with BTC
also BTC has now no use cases, so there is no support once the memes die out

>>57037060
>and the etf is fundamentally bearish as it competes with BTC
Wouldn't a bunch of boomers including a % of their portfolio in BTC be bullish for crypto?

>>57037087
no, why buy a product and not BTC itself < any answer is just cope
the ETF dilutes the limited BTC supply, you can have 1 BTC and repackage it 100 times
it is I have supply control now (miners are irrelevant), lets extract some boomer cash

it will fail, there is no boomer cash waiting to buy a product, when it can buy BTC directly
so, BTC will literally bleed to zero, as they just keep on selling
it will take about an year

>>57037152
>no, why buy a product and not BTC itself < any answer is just cope
Maybe because boomers want to feel as though they are getting exposure to the crypto booms but they're risk averse and technically illiterate so this is a nice middle ground for them.

>>57037204
cope
boomers can go coinbase and buy whatever without any knowledge or keys or anything
we are at the end of the crypto scam now

>>57037223
think of bitcoin as a shitcoin
think of the etf manager as your favorite good-goy-cattle-accepted CT influencer
when the CT shills the shitcoin, people feel both fomo and safety in investing in said shitcoin. so it's more about wider acceptance and marketing, over the long term it'll have a positive effect, in the short-term it will dump since every bitch hedgie is expecting it to 1000x right away and will instead sell when they see that the etf-approval pump was meager and disappointing

>>57037223
>cope
Hm sounds like someone got priced out to me. Your reasoning falls apart under scrutiny, I was open to being persuaded but that just sold it for me.
>boomers can go coinbase and buy whatever without any knowledge or keys or anything we are at the end of the crypto scam now
Boomers are notoriously lazy and still think crypto is some kind of magical internet money that is beyond their comprehension, so it would make sense to provide them easy exposure with an ETF. Sounds like you're upset about mistiming the market or something. Shame you didn't have anything more substantial than:
>"Brooooooo it's a bubble and it is going to zero, I sweaaaaaaar"
What next? The tether FUD that we've been hearing ad nauseum for the last 5 years? There's a difference between thinking something is going to happen and wanting it to happen, it just seems like you just want it to happen.

>>57037290
and by etf manager shilling, I mean the adverts on TV and TV appearances, seeing the top jews shill on live TV has a big effect on the boomers

>>57036978
On a large enough timeframe, the crab always wins