/biz/ - Business & Finance

>>57640362
Yep, they actually increased BTC’s value. I sure hope you bought beforehand.

>>57640407
>ETF increased BTC's value

>>57640638
Correct, it is now holdable by tech-illiterate boomers via their traditional brokerages. Did I say boomers? I meant rich boomers who hoard most of the world's current wealth.

>>57640664
>it
What, Bitcoins? If that's what you mean, you're wrong. They don't hold any Bitcoins. And no, the ETF will not pump the price nor is the ETF why BTC has pumped lately which you'd know if you had been looking at the chart. ETF talk is noise.

>>57640407
looks like it's going to go back down right where it came from

>>57640691
if the billions of dollars of net inflow didnt pump the price, what did?

>>57640743
>what pumped the price
The bear market being over.

>>57640407
>doesn't even have a tradingview account so can't even launch his own chart, just screenshots a shitty linechart on coinmarketcap or whatever
>demonstrates plebbit-tier "understanding" of the ETF, thinks it's bullish

>>57640771
Literal stages of a bubble chart with "return to normal" peak happening now.

>>57640691
>low iq: etf good
>midwit: What, Bitcoins? If that's what you mean, you're wrong. They don't hold any Bitcoins. And no, the ETF will not pump the price nor is the ETF why BTC has pumped lately which you'd know if you had been looking at the chart. ETF talk is noise.
>high iq: etf good

>>57640407
>>57640798
An ETF is inherently bad for Bitcoin and for crypto as a whole. Very, very, very bad. It will be used to "tame Bitcoin"; to control its price to ensure it doesn't properly pump (meaning preventing it getting to 200k, 300k, 500k etc and perhaps even preventing a new ATH), or only allowing to pump within a certain range, or dumping it down to absurdly low levels which it never would've gone to otherwise (like sub 1k; the market would never allow that to happen; under normal circumstances sub 1k would be impossible, but with an ETF it becomes possible). There's absolutely nothing positive or bullish about an ETF for Bitcoin. The most bearish thing that can happen to crypto is Bitcoin having an ETF.

>>57640977
That was a real concern with paper futures. A spot ETF is objectively more bullish. It is at the whims of its holders. If a million boomers decide to put FBTC in their 401k then Fidelity is forced to buy the corresponding amount of bitcoin. They have no incentive to suppress the price. Nothing brings in more retail speculation and therefore fees than the price pumping.

>>57640362
yuh etf

>>57640977
>etf will cause bitcoin to go below 1k because...BECAUSE IT JUST WILL OK??!?

>>57640977
High IQ post.

>>57640977
extremely low iq post. you're going to be shitter shocked when we fly well past 100k

>>57640771
the high iq see the obvious giga bear flag

>>57640977
How can you “tame” something with a permanent fixed supply? This shit isn’t like gold or silver. Face it, we are going parabolic

>>57643737
you know i've always had a pretty deep understanding of cryptocurrencies and how they work and even i can't make heads or tails of what you just said you're literally talking about wait a minute are you trying to tell me that you think a fixed supply can't be regulated did i get that right look let me take a step back and get really really basic with you fixed supply by definition means the number of units in circulation will never change - unless they use some sort of tokenization which is extremely unlikely