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10266251 No.10266251 [Reply] [Original]

>mfw the SEC approving bitcoin ETF will cause it to soar to 20k$ on August 10th
>mfw i'll be chuckling to myself while I see my gains rise on my flatscreen portfolio
>mfw i'll crack open an absolutely ice cold Monster in celebration
>mfw i'll be mowing the grass while jamming out to Living on a Prayer
>mfw i'll have the bedsheets nice, clean, and warm for the midnight cozy hour
>mfw i'll be delighted reading all of my biz buddies gains and green wojak threads

>> No.10266259
File: 109 KB, 332x349, boomerrogier.jpg [View same] [iqdb] [saucenao] [google]
10266259

>>10266251
good vibes brother

>> No.10266267

>>10266251
Thanks, just bought 1.1 more BTC

>> No.10266279
File: 110 KB, 307x605, ice cold.png [View same] [iqdb] [saucenao] [google]
10266279

>>10266259
*CHCHHKKK*
*POP*

ok. this is epic.

>> No.10266318

You win Monster Marketing department. This thread is just to positive to slander it.
We will make it OP

>> No.10266336

August 16 actually, but otherwise spot on my boomer pal

>> No.10266364
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10266364

>>10266251
Bitcoin ETF is the ultimate cope of cryptocucks. Yeah, it will make it easier to buy bitcoin. But why would anyone buy it? Why should it be valued at 6k, let alone 20k? There's absolutely no reason. It's completely useless.

>> No.10266377

>>10266364
You do realize ETFs literally HAVE to buy, right?

>> No.10266392

>>10266364
It won't just make it easier to buy Bitcoin, it will also provide insurance against loss of coins.

>> No.10266409
File: 245 KB, 680x585, boomer3.png [View same] [iqdb] [saucenao] [google]
10266409

we're all gonna get our muscle cars boys

>> No.10266412
File: 17 KB, 480x320, lrm1403.jpg [View same] [iqdb] [saucenao] [google]
10266412

>>10266251
cheers to the next bull run fren

>> No.10266437
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10266437

>>10266412
i'll drink to that

cheers

>> No.10266439
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10266439

I hope so, I need that jeep to go offroading.

>> No.10266455

Isn't GBTC already doing this?

>> No.10266524

>>10266455
Last I checked, GBTC couldn't correct their NAV. It was up to the market to decide if the premium their trust was valued at was fair. This new instrument can hold BTC in proportion to their valuation as their valuation relates to a basket of OTC (Gemini?) prices.

Also, GBTC trades OTC and so there's problems with that in risk assessments.

If this new ETF goes live, it gives us a hope in hell of buffering BTC against things like the incoming Mt GOX coins, and paves the way for lower price per share ETFs that retail investors can back with tax favoured accounts. A lot rides on this one.

>> No.10266747

>>10266524
At ok didn't know, that's some good info. Thinking of throwing something crypto-linked in my Roth, might wait for the etf.

>> No.10266761

>>10266251
>priced in
boomer..you will get rekt

>> No.10266770

>>10266251
The ETF will not affect BTC price in any way. Why would it?

>> No.10266782

>>10266770
that‘s what they said when WS was readying their shorts though

>> No.10266796

>>10266782
And they were right. BTC dumped from ATH because of the Mt. Gox whale. What a fucking idiot, dumping tens of thousands of coins on the market

>> No.10266821
File: 428 KB, 1756x842, th.png [View same] [iqdb] [saucenao] [google]
10266821

I DID THE RESEARCH
WE'RE ALL GONNA MAKE IT

>> No.10266827

>>10266251
And if it gets rejected it will tank hard af

>> No.10267276

>>10266251
i cant wait for some green wojak threads signaling a sell