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/biz/ - Business & Finance

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56828500 No.56828500 [Reply] [Original]

When January 2024 rolls around and the ETF gets approved it's literally going to be the biggest sell the news event in all of crypto's history

>> No.56828513

How are etfs even bullish. Youre not buying bitcoin youre buying shares backed by bitcoin with bitcoin that might not even be there. Why.

>> No.56828530
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56828530

>>56828513
because the bank, I mean the boomers uhhhg moon

>> No.56828540

>>56828500
>>56828513
based retards

>> No.56828546
File: 140 KB, 2184x2588, voronoi-bitcoin_2-7b4d.png [View same] [iqdb] [saucenao] [google]
56828546

>>56828513
So everybody has a chance to get some bitcoin. Not only that snotty elite.

>> No.56828549

>>56828540
>we need BTC ETF because we can't buy BTC because it is illegal toxic asset

>> No.56828551

>>56828500
why have an ETF on currency?
is there an ETF on euro's and rubles?

>> No.56828561
File: 70 KB, 1024x576, MV5BZjMyYzc3YjEtNDY4ZS00NmJhLWJlNTUtMmZhM2JhZmNkZjEzXkEyXkFqcGdeQXVyNzI1NzMxNzM@._V1_.jpg [View same] [iqdb] [saucenao] [google]
56828561

>>56828551
Imagine building a bitcoin CDO.

>> No.56828565

>>56828500
a correction maybe

>> No.56828567

>>56828565
Buyers are motivated.

>> No.56828568

been holding Polkadot and Cardano ETF for a good while

>> No.56828572
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56828572

>>56828568
Did you stake them?

>> No.56828763

>>56828500
>Spot bitcoin ETFs directly hold bitcoins, but derivatives-based bitcoin ETFs use financial instruments like futures contracts to replicate bitcoin's prices. Spot bitcoin ETFs thus have direct ownership of bitcoins.

>> No.56828768

>>56828763
>but derivatives-based bitcoin ETFs use financial instruments like futures contracts to replicate bitcoin's prices
where?
binance?

>> No.56828776

>>56828546
>Using % instead of absolute quantity of a commodity with capped supply

>> No.56828797
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56828797

>>56828776
Redistribuition of wealth.
It's needed and fair.

>> No.56828887

>>56828797
>Wotiscollateral.bmp.jpg.gif.png.exe

>> No.56828902
File: 55 KB, 1169x454, LINK.png [View same] [iqdb] [saucenao] [google]
56828902

>>56828887
>not using LINK as a collateral
N G M I

>> No.56828919

>>56828902
>Using inspect element
N G M I, N

>> No.56828952
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56828952

>>56828565
I guess so. It's not bad to take profits as well. I've already made good profits on my bags, especially with DUA, and I'm still waiting for Brillion's smart wallet to be released, which might increase its price again.

>> No.56829089

>>56828919
Interesting. However, does not refute the point that a bad actor could do this and makes crypto irrelevant.
It's not a technical but a financial attack that killed it.

>> No.56829100

>>56828768
CME retard
only retail faggots use chinknance

>> No.56829103

>>56828500
Because every 80iq retard like OP believes this, it will be the opposite.

>> No.56829112

>>56828500
Lemme guess, bitcorn magically dumps to 10k because of that?

>> No.56829195

>>56829112
Prices are irrelevant. Systemic failure.

>> No.56829474

Last post in this goddamned hellhole.
Goodbye and stay safe.

>> No.56829672

>>56829112
That's too much jeet. If that happens, our altcoins will likely bleed massively. Maybe if I have stablecoins left, I will consider increasing my XTP or doing DCA when needed on the Tap app.

>> No.56829740
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>>56828513
This is quite possibly the most retarded thing I have ever read

>> No.56829845

>>56828500
Why is this particular pepe being posted so much lately?

>> No.56829855

>>56828500
Not so fast commie. The sell-off is in 2 more weeks for the jewish tax magic. Etf approval cohencidentally announced after libtards capitulate