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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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57913517 No.57913517 [Reply] [Original]

B-b-but muh ETFs! Bitcoin is supposed to only go up now! My favorite crypto subreddit said billions of dollars are "flowing" into BTC every day! How can this be happening?? Why is Elon Musk not doing anything!? What about S2F!? According to S2F we should be at 100k two years and three months ago! I'm literally shaking right now.

>> No.57913747
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57913747

>>57913517
>WHY ELOOOON MUSK IS NOT PUMPINGGGGGGGGG????? AHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>> No.57913776

>>57913517
>B-b-but muh ETFs! Bitcoin is supposed to only go up now!

It does since last year? Are you angry that you're sidelined and poor and will never be able to afford a single Bitcoin?

>> No.57913856
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57913856

>>57913517
A good point has been made here. If there really is so much money going in through ETFs every day as the shills say and this is what's been causing the price to go up (as if BTC never went up prior to ETFs or is incapable of bullruns without ETFs...) then the last few days that should've happened as as well and BTC should be way above 70k already.

>> No.57914152
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57914152

>>57913856
It's almost like the ETF stuff is irrelevant noise and Bitcoin has simply been pumping because that's what Bitcoin does. It's almost like people buying paper Bitcoins does not have an effect on the price of the real Bitcoin. Hmmm.

>> No.57914716
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57914716

>>57913517
>>57913856
>>57914152
Really makes one think.

>> No.57916513

>>57913517
Kek all the plebbitors are going to learn the hard way. They're in for quite an unpleasant schooling.

>> No.57917644

Looks like we're done here, the Hardy Boys have solved the case.
Bitcoin is doomed. In fact, it has always been doomed. It's just so much more obvious now.

>> No.57917788
File: 69 KB, 720x1265, plebbit intro.jpg [View same] [iqdb] [saucenao] [google]
57917788

>>57913517
Btc bobos will be short lived. Mumu will take over.
1. While there is a bear momentarily before and after the halving, historically it recovers after a few months.
2. While rate pivots downwards do cause financial crashes, historically such financial crashes, cease after 1-2 years of down and sideways.
3. Depending on institutional etf inflows, crypto bulls might be insulated from financial crisis as fund managers and pension managers try to find safe haven assets that aren't affected by financial collapse. While such a narrative didn't take place in the 2020 crisis, back then there weren't institutional grade crypto etfs. Now there is.
4. Low market cap alts will be less affected by macro economics and are instead driven by utility and narrative.
5. Plebbit is in development for 2+ years, has working demos and an actual 100% airdropped supply to biz 2 years ago (search the archive).
YET biz still ignores plebbit on uniswap.
Plebbit is an opensource, free to use, scalable P2P social media protocol with no https endpoints making it actually decentralized.
Optional NFTs and ENS for avatars and names.
Toked is used for tipping and to curate the default feed (driving token demand).
8m mcap
Long term targets 1-5b 2026-2027
Pic related.

>> No.57917808
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57917808

>>57913856
>BTC should be way above 70k already.
It broke it's ATH 8 months early you tremendous fucking turbo brainlet

>> No.57917830
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57917830

have bobos ever been this narratively bankrupt and grasping at straws before

>> No.57917845

>>57917808
Exactly. Is it a coincidence that coinbase shuts down every time the price breakthroughs the ath?