/biz/ - Business & Finance

>>57354241
Ay caramba!

>>57354241
Ask an ICP bagholder they know about flat.

>>57354241
>>57354257
The classic Bart Simpson pattern

>>57354241
Because everyone waiting to see what happens. Big boys are using limit orders. They have absolutely no reason to make you rich.

>>57354241
no whales want to pump it when greyscale starts dumping Monday again

https://platform.arkhamintelligence.com/explorer/entity/grayscale

the crab market must be more severe

It's the calm before the dump. Do whatever you want but don't say I didn't warn you

Now that the ETF's are live, the boomer whales see no reason to trade during the weekend anymore. Yup, we're now subjected to the hellish wagie boomer hours weekdays only now for any price action.

>>57354257
This, but also crab markets are even more effective at shaking people out than scamwicks.

Because Bitcoin has no volume and runs 90% off the boomer stock market. It's over.

>>57354241
This is the calm before the storm. We are literally going to 30k.

Redistribution for about 2 months due to ETFS

>>57354241
Weekend, stock exchange is closed.

>>57354241
it had its pump, time for alts now

>>57354241
BITCOIN PETTANKO

>>57354241
Wykoff distribution

>>57354431
And since everyone expects it, hopes for it, hasn't fully bought in, you just know the opposite will happen.

>>57354433
Why the fuck is Grayscale dumping?

>>57355503
So Grayscale had a private Fund before all these BTC ETFs came out. Since 2015 I believe.

Their fees are 1.5% on their fund.
So people selling and buying in and out of the fund with the movements of BTC get hammered with fees. Long term HOLDers, not so much.

So the new ETFs came out and their fees are VERY VERY low. Some are 0% if you HOLD six months. So people are selling Greyscales GBTC and Buying into other funds like IBIT and ARKB.

>>57355688
>So people are selling Greyscales GBTC and Buying into other funds like IBIT and ARKB.
checked, and this simple exchange at the same rate causes btc to dump why? or is that completely unrelated and it's just whale games like usual?

>>57355698
Greyscale dumps on the market
Other etfs buy otc from miners

>>57355688
so the 2 months isn't a meme that's actually how long it's gonna take

>>57354241
Today is sabbath

>>57355688
is valkyrie dumping too? or will they be dumping? twice the fee of its competitors

>>57355698
>checked, and this simple exchange at the same rate causes btc to dump why?
because they are dumping on the market and buying OTC from Coinbase
Coinbases OTC wallet will eventually be bought up and then they will have to market buy.
Also the selling pressure will ease off.

>>57355247
A 30K dump is the same as the last 2 times...

>>57355785
Looks that way but, that's only if 100% of GBTC holders sell.
At the same time miners are selling at a rate that hasn't been seen for years but this will end very soon as well.
On top of that the OTC wallets of the big sellers are being bought up at a quick rate.
Once those are depleted we should see a rise that should shock everyone.
There is only 450 BTC mined per day after the Halving.

>>57355851
Valkarie is a new ETF. I don't think they have enough BTC to dump on anyone really.
1,712 BTC since inception. it looks like their fees are actually .25% now [see chart]

>>57354241
fun fact:
i used to read fiat money as flat money, likewise i was convinced it's linkedLN not linkedIN

>>57355944
this seems like the most obvious bullish buying opportunity going into rate cuts and the halving
what's the catch?

>>57354241
FED created bitcoin reserve, newfag
your gains are over

>>57356050
The catch is 10 billion pounds of FUD.
Like:
It's Paper Bitcoin
Blackrock will just dump on the market
All the ETF's have millions of Bitcoin to dump and manipulate the price...
etc etc

The ONLY real unknown here is if Craig Wright wins the COPA case in England.
If he does you better have some BSV as insurance against your BTC.

Other than that there is no way we don't see 100k by end of year and it might get ALOT crazier than that

also: Did you know that Blackrock has it in their SEC filing that they can buy/transfer/switch to ANY "Bitcoin" chain at their leisure ? Think about that.

>>57356050
opps that was the wrong graphic. Read this one

>>57356102
>>57356143
thanks for the info

>>57355247
>Everyone thinks it will be a sell the news event, therefore, Fink will pump my bags!

>>57356191
Cheers.
Look up Teranode on Twitter and read a bit.
That's another big "unknown"

>>57354241
Waiting for the halving to price people out

>>57354241
ETF has no real Bitcoins frens, most of it is on paper in banks, they run it with FIAT rules, so dont sell your BTC in the long run, coins at home is always best. Even their derivatives is a mess.
https://youtu.be/-wI79Hf3XI8

>>57356244
checked and please explain in detail this World of Warcraft crypto bank. I'd be real into that. Is it an addon or a certain server or what ? Way cool.

>>57355944
Checked rare gold nugget worth reading the thread for. Thanks anon

>>57356399
checked and cheers fren

>>57356329
Its just a program I wrote burning your coins , copper, silver or gold when you send it to the Bank, it then calculates the value and sends you the coins to the address you posted, it also checks if the address is real.
using FreedomCoin wallet on a Raspberry Pi.
works great, there is a discord, ask around about wow gaming with FREED faucet burning gold and you can try it out fren, cost nothing you actually earn instead.

>>57354241
Take the opportunity of everything remaining at current levels to acquire more alts before the altseason starts. I’m doing so, with kas, fun and inj.

>>57356424
Awesome sauce. Thanks fren

>>57354241
they're exchanging GBTC for the ETF without the premium
but the real question is: why do you care?

>>57354280
you don't trade, you only shitpost
every single boboposter is a LARPer who does not short the market

>>57356430
>altseason
Anon what the fuck are you talking about man? If btc is going down, alts are going further.
>>57355944
>>57355970
>>57356000
>>57356102
>>57356143
you're a good poster anon, thank you for your service, these are hard times to be a /biz/raeli

>>57356477
checked and ANOTHER fren!