/biz/ - Business & Finance

>>57250449
Daily volume is 45 billion. It won't make any difference.

pizza party frens

wow that's like 0.4% of the mcap what a HUGE insane move

>>57250449
It’s after hours at the moment right? They’ll buyed in tomorrow?

>>57250469
shhhhhhhhhhhhhhhhh

>>57250469
4B buy injection is not equal to 4B volume you nigger

>>57250469
thats fake wash trading volume. tomorrow its cold hard cash injection. expect some volatility

>>57250449
tether has been printing billions every week for months

>>57250469
>>57250474
>>57250487
Bear COPE

>>57250469
USDT shell game on a casino token. What a fucking joke.

>>57250469
4B is almost 10% of that, anon

>>57250474
>he thinks market cap is literally how many dollars there are in a project
fucking kek, bobo, ladies and gentlemen

thread song:
>https://www.youtube.com/watch?v=NdgpcwqBSPg

>>57250474
That's before the customers arrive. This is the biggest thing to affect crypto in a long, long time but you're so jaded you can't take it in. It's understandable, actually. Wake up, dude. It's really happening now. The wait is over.

Ah yes it will pump tomorrow guys, we are so fucking early

>>57250469
>Daily volume is 45 billion
That's intra-traded volume. There's actually a big difference.

>>57250516
No I don't. You're too retarded to figure this one out I guess

>>57250449
>11 Bitcoin etfs
>not inflationary

Lmao

>>57250449
not much considering btc mc=$911292919189

>>57250487
cope!!!

>>57250574
$4 billion dollars of NEW inflow that is not just E2E flow is fucking INSANE and you are going to have to cope with that.

Nocoiners and bears right now.

>>57250601
>$4 billion dollars

12% of 117.87 billion is not $4 billion.

>payday is on Friday
fuck me I couldn’t get one last but in before the moon mission
Hopefully alts lag behind for a while

>>57250546
Kek

>>57250469
it pumped from 4k to 69k when tesla bought 1.5bil.

>>57250474
Price is set at the fringes, most of the supply is being hodl'd.

>>57250469
>i don't understand what "the price is set at the margin" means
then keep quiet, you neet fuck

>>57250738

coinbase alone has 36.20 billion of hard storage coins, luno has 18.52 billion ect ect. there is no shortage of liquidity to splash around

>>57250469
Most of that is big wash trading. Actual amount of people buying and selling is much less

>>57250581
The USA is in an economic slowdown with risk of deflation this year, having 1.5% more inflation due to a btc etf is not a problem if it stimulates the economy.

The same stimulation they would need to do that with brrrrrrr is probably insane to be honest also this will increase usd stablecoin demand and us treasury bills demand indirectly.

>>57250771
>if the number goes up we have more liquidity to sell
Not when you denominate - as they have to - in satoshis

>>57250844
There is constant inflows of capital of retail of freelancers and such people that no longer trust banks, last week i know of a case that got a wise account blocked due to a suspicious transaction of someone that has been freelancing for years.

The suspicious transaction was a us embassy that hired him to build an app.

Clown world, but that's what bears are not seeing there is an entire shadow banking going on in crypto of people that get fiat and move it asap to tether through shadow banking institutions because they trust tether more than regulated institutions.

>>57250860
Look at what happens to the sp500 when rates are cut since 2000 and look at what they were saying about soft landings. Now consider the correlation of the nasdaq with btc and do the math..

>>57250449
then it' s time for sneedtoshi to move some coins

>>57250449
>implying we can compete with jewish arcane market manipulation practices
>implying we will be ready for the pump and dump when even chink exchanges started by millenials played us like fiddles

>>57250449
they're just going to squash the price with borrowed bitcoin. it's written in stone. nothing happens until the halvening

I've never shorted anything before but I'm considering it

>>57250449
Nice. I plan to sell all my gbtc tomorrow and buy back at 12k
And I'm not joking

>>57250469
Exchanges volume is wash trading fake.
Try to market sell

>>57250449
im reading the point of an eft is so that investors dont actually but any bitcoin. so is 4 billion just going into a slush fund somewhere?

>>57252579
Look up how an ETF works retard
I guess I'm help you. The fund has to buy Bitcoin with the money that comes into the ETF. Jesus what happened to this place

>>57252636
Based
>>57252579
Peak retard, you have to be at least 18 to post

>>57250449
What time does $IBIT go live? At open?

>will outperform the largest 1 year inflows into a new ETF on the first day
Damn it feels good to be a gangsta

>>57250486
I work at a major exchange and I don't think people understand what percentage of trading this accounts for.
over half easily
tomorrow is the first institutional wave of bitcoin investment.
not VC shit. enterprise tier

>>57250449
Should I buy more now bros?

>>57253076
Yes. Never forget how rare BTC is, and how much other "fixed" units of account actually inflate. Gold is mined at a rate of 2% per year, for every new BTC mined today, 21 POUNDS of gold is mined, after 2024 that'll be 42lbs and so on. There exist 16lbs of gold above ground for every one of the total 21m BTC, and 5 toz of new gold mined every year for every one of those 21m BTC. Every year, every single BTC that will ever exist gains 5 toz of gold of rarity. This halving marks the inflection point where BTC inflation (~1.7% now) fails well below gold inflation, at all future points BTC will only ever be a better and better fixed unit of account. Bitcoin is an inevitability.

>>57252636
>The fund has to buy Bitcoin with the money that comes into the ETF

Lol, lmao even. Bet you think they also hold 1:1 precious metals for their ETFs too.

>>57250922
Look since 2008 when the banks did a coup you dumbass

>>57253162
Btc is easily audited you fuckin goon

>>57253240
The jews have audited themselves and found they hold fully stocked reserves

>>57253318
BTC ledger is literally public and transparent, you fucking mongoloid

>>57253162
Retarded take. Read the applications you goon.

> be Blackrock
> groundbreaking ETF approved
> about to generate billion of $$$ in transactions fees
> make more in transaction fees than entire BTC portfolio net worth
> fuck it. Let’s violate our SEC filing. Who cares if we don’t actually process customer transactions

Do you realize how stupid you sound?

>>57253371
You sound like a gullible retard actually. Enjoy bending over

>>57250517
*bitcoin

>>57250469
Across all the major exchanges, it would take only 1 billion dollars to move BTC to 65k, assuming people market bought in one go (not happening); however, this is 4 billion coming into BTC in a single day... Imagine over a year. RIP bears, 100k is a matter of time. Buying BTC now is like buying a 3 bedroom 2k+ sqft house for 50k. ETF for BTC is legendary. We might see a 10k candle tomorrow.

>>57253240
So are metals and yet here we are

>>57253721
this crypto shit is just mental illness now

>>57253755
You missed out because you're low IQ

>>57250574
So confident yet so so wrong...

>>57253745
you can audit bitcoin without getting off your ass
for gold and precious metal audits you need to be onsite and even then the metals could be fake or amalgams
why is everyone acting so fucking stupid? is it bait? did I just fall for it?

>>57253809
He missed out because he's a midwit, dumbfucks buy because line go up, big brains buy because they understand why line go up, midwits play themselves, they see line go up but refuse to buy because they don't understand

>>57253064
My dad works at Nintendo. Have a (you)

>>57250449
what means for alts sirs???