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/biz/ - Business & Finance

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57188208 No.57188208 [Reply] [Original]

So remember how that analyst said etfs would be rejected by end of this week? Everyone is just preselling in case it is rejected tomorrow (it won't be). After that when Friday is over, it will be obvious approval is coming by the following weekend. Friday night and the weekend will be green as shit.

>> No.57188285
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57188285

>>57188208
didn't read.
>T fried brain coomer
>Verification not required.

>> No.57188460

>>57188285
yeah ok bro. hope you panic sell or get liq'd

>> No.57188555

>>57188208
Bitcoin holders are on their knees begging for etf approval. It is the only bullish narrative left. So the approval will come at a cost to them. Maybe all the bitcoin will need to be custodied by banks or something devastating to the nature of bitcoin. Then their needs to be a fork. Then the exchanges will need to support the fork that compromises bitcoin the most. It will be weaponized against bitcoin and this will take years to play out.

>> No.57189232

>>57188285
Based
>>57188208
It's priced in already, no one with an iq over 20 gives a fuck about it getting rejected.
>>57188555
Most bitcoin holders are clinically retarded.

>> No.57189269
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57189269

>>57189232
>it's already priced in

yeah that's why we have price movements fluctuating thousands of dollars over the slightest leak of information pertaining to etf approval/denial. Priced in my ass, everyone is ready to buy like a motherfucker the exact second etfs are approved, or sell as soon as it's denied (which it won't be because lol blackrock being denied).

>>57188555
we have halvening, fed rates cuts and election year all as bullish narratives on top of the enormous bullishness of spot etf approval.

idk i guess being a coombrain makes you smarter or something.

>> No.57189408

>>57189269
>everyone is ready to buy like a motherfucker the exact second etfs are approved
Only the retards. All smart people already bought in a while ago. Even if it is rejected I wouldn't expect any substantial downwards movement.

>> No.57189826
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57189826

>>57189408
You're not really smart unless you realize the stupid people are a large portion of the market, and therefore affect the trajectory of your own holdings. of course it would dump hard up until the halvening if etf is denied (it won't be, worst case scenario: delayed).

It just blows my mind how anyone is stupid enough to think the etfs are priced in. It demonstrably has not been given that we only broke through 32K (forever) after a fake listing for Blackrocks ETF went up. Then some analyst says it will be denied and tons of people sell. Very similar to the presales before every Fed meeting.

Bottom line is, clearly the market is extremely trepidatious about everything pertaining to these ETFs being approved or denied. No one actually knows if it will be approved in January or in March, or if all 12 will be approved or only some portion of them. Until we get some kind of final decision on it, we're going to be in this space of very high volatility. Just keep calm and remember the ETFs will invariably be approved, whether it's next Wednesday or in March.

>> No.57189986

>>57189826
I never said the ETFs are priced in, dumbass. The only thing I agree with you on is that we are currently fine and sometime in the future it will be approved.