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/biz/ - Business & Finance

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57025672 No.57025672 [Reply] [Original]

BTC ETF. A lot of you think it's going to be a sell the news event. But even so, when the news hits, it will pump about 10% to a 48k level, right ?

>> No.57025678

The selling will be dwarfed by the buying

>> No.57025720
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57025720

>>57025672
no it will pump first then dump literally the same amount or slightly lower.

The reality is anyone trying to time this or trade this is retarded. All you need to do is hold. I know 99% of /biz is a neet that doesn't work and has no clue what happens in an actual workplace in terms of retirement savings, 401ks and the like but the truth is money coming into crypto coming in from an ETF listing isn't based off narrative at all unless everyone gets laid off. An ETF means that 99% of tech stacies, admin roasties, chads that sell garbage bullshit will automatically get a percentage of their paycheck deposited into crypto without even knowing it.

I talked to my normie mom about how these boomers actually invest. All those office jobs have this "financial advisor" who literally pulls up the flavor of the day "reliable" asset to invest in and shoves peoples savings into a big fat big nigger lipped basket of "safe" bullshit. Bitcoin will be added into this and bitcoin will go ballistic. And this is also why the argument everyone who already heard of bitcoin has invested will invest is hasn't worked a day in their life or talked to an actual normie and is only trying to make you think short term, or is a bad actor. Because the majority of investments of someone's money isn't done by that person. It's thrown into a "safe" basket of assets by some washed up roastie who shouldn't be touching peoples money. And crypto will enter that basket.

>> No.57025724

>>57025720
now adjust for inflation

>> No.57025732

>>57025724
As I said JIDF demoralizing bad actor.

Scrap after 2012, and adjusted for inflation if you bought gold, you made a killing.

>> No.57025789

>>57025720
>All you need to do is hold.
Hodl