/biz/ - Business & Finance

We all know institutional investors diversify their portfolios. What else is Grayscale buying ? Probably a 50% bitcoin, 25% eth 25% link portfolio

FUCKING KEK

https://btconometrics.medium.com/bitcoin-and-usd-tether-beb4d0285648?source=social.tw

>>26092958
>>26093115
It was literally a nothingburger
$70k by march

>>26092958
I believe grayscale and other institutions are behind a lot of these FUD campaigns. Weak hands will easily sell to them.

I knew something fishy was going on. I bet $1000 they pushed that capitol story to grab cheap coins too.

KEK

Anyone else really concerned that Greyscale will dump a fuckton of their BTC right when everyone least expects it to front-run the end of the golden bull run?

>>26092958
Yeah people make fun of people who don't sell tops and HODL. This market is unpredictable and most people agree the long term trajectory is up. Why try to out trade fucking grayscale when I already have my ticket. I just have to wait until the train arrives at the station and ive made it. Never fucking selling.

>>26093424

Can anyone answer these questions:
>How much BTC does greyscale own now and what % of all btc do they own
>Who will buy bitcoin if its almost entirely held by greyscale
>If they ever sell a dime wont it crash?

zey bought?

>>26092958
If grayschale bought 3.7k Bitcoin it would've pushed bitcoin to $50k according to depth charts. It barely is holding $36k now.

>inb4 grayscale bought OTC


Grayscale doesnt buy OTC, they only spot buy bitcoins.

>>26092958
So does anyone know why they stopped accumulating for a few days? they essentially took a pause which dropped most buy side pressure leading to recent dip. Do you think greyscale received (((the phone call))) calling demanding they do exactly this?

>>26093465
570k

>>26093420
They have no mechanism to sell bitcoin.

>>26093420
Only a retard would think a single hedge fund owning 1/21th the “new world currency” is a good idea

>>26093420
I’m more concerned that greyscale and the like will form vast conglomerates concentrating wealth to a few so extreme it makes what we have now look fair by comparison

>>26093458
that's a pretty wide range, but probably not a bad guess.

>>26093578
All their crypto trusts will probably be converted to ETFs eventually.

They dont want niggers owning bitcoin why do u think they are buying so much

>>26093574
How does that even work?

>>26093503
That is not what the chart is indicating, the number on the left margin is their total amount of BTC

>>26093503
Please try to think harder

>>26093549
They do this regularly afaik. I forgot the reasoning though.

>>26093308
They are buying 5x what is being mined per day. So they need the weaklings to sell some extra.

>>26093458
Sounds pretty reasonable honestly.

>>26093642
>>26093647
>>26093664

If they bought 5x as much as miners are mining everyday it would simply push the price higher. Buying 3k bitcoins right now would push they price to +$50k according to depth charts on binance, coinbase and gemini.

>>26093016
>50% btc
that's why you're ngmi

>>26093773
Literally my portfolio weighting if you just got rid of BCH.

>>26093772
Yeah but if you can run several FUD campaigns which make hundreds of idiots dump their BTC, you can grab them without pushing the price up

>>26093773
>>26093819
what even is the point of just 1% in LTC?

How often do these fags do these buys? Everyday?

>>26093871
Until the FUD wears out and we shoot past $100k

>>26092958
IT WAS SUPPOSED TO DUMP ON THE 15TH, FUCK YOU TETHER SCAMMERS SON OF A BITCH BASTERDS

>>26093827
The recent Tether fud was likely to have been coordinated. Same for the jewish woman from IMF.

>>26093115
HAHAHAHAHA
IMAGINE EVERYONE THAT FELL FOR THE FUD
HAHAHAHAHAHAHAHAHA

>>26093870
That 1% is probably more than any other LTC whales combined

>>26093870
I'm asking myself that same question every day. I've made money on it, but not sure if I really want to keep holding it. I am excited about whether it will successfully pivot into being a semi privacy coin with mimblewimble but it may not be worth holding on for.

what will happen if ""institutions"" buyout all of the bitcoins, will it be worthless?

>>26093574
What kind of investment is that then ? Did they lose their private keys?

>>26093985
That's when it will become the global reserve currency.

>>26093985
No. No one will ever buy all the bitcoin. Everyone has a price and it's different for everyone including those of us who will never sell like me. They have to keep bidding up the price until they are out of money to buy it all anymore.

>>26093985
No because the institutions will sell them for $1,000,000 each.

>>26093894
>>26093913
I made threads pointing out every time bitcoin starts to rebound, fud threads start appearing. But none of these faggots listened and they got what they deserved

>>26093773
Mine is somewhat similar, but I have 89% in bitcoin, 8% in ethereum and the rest for altcoins. Xmr is not counted, though.

>>26094060
why would I buy useless currency that is owned 100% by institutions

>>26092958
This is why I laugh at retarded bobos

>>26094137
You will not, nocoiner. The State god will force you to use a CDBC, which value will be pegged to bitcoin.

>>26094137
You won’t. You’ll be eternally priced out.

You’ll buy ERC-79QX tokens on the ETH 3.0 chain.

>>26094080
I loved how blatant the copypasta was with the "january 15th doomsday!", to the point where the entire board was being spammed with the exact same pictures and fud for days. Then the 15th comes around and suddenly not a single peep.

>>26093503
>Grayscale doesnt buy OTC, they only spot buy bitcoins.

Surely you must be retarded. You can't actually be this dumb.

>>26093420
yeah ill definitely cash out half my stack at 100k

>>26093772
They don't just market buy all at once. They wait for the next correction and then incrementally set buy orders to buy up the bags of all the geniuses who think they're selling the top before the next big crash.

>>26093503
This is the kind of retards who fell for pajeetcoins every single time

>>26092958
It's a pump and dump. Play low caps and get out when euphoric then wait 6-8 months.

Glitch tomorrow.

>>26094296
>Surely you must be retarded. You can't actually be this dumb.

Grayscale DOES NOT BUY OTC. This is a well known fact you newfag. Go lurk more on the grayscale website you dumbfag.

>>26092958
Where is bitcoin going?
https://www.strawpoll.me/42459778

>>26094137
You can use Monero instead. :)

the funny thing is there WAS a huge dip in the options market. hope the dumb money isnt me.

>>26093584
>become majority holder
>sell shares representing pieces of btc
>btc is now constantly manipulated by share price
>crypto suffers the same fate as metalfags
There's no hope.

>>26094409
Pajeet

>>26093773
The SEC is going to whittle this fund down like a fine blade

>>26093503
>buying $130,000,000 worth of bitcoin will increase the marketcap by well over $100,000,000,000.
How does that work?

>>26094531
It's virtually impossible to become a majority holder without pumping the price into oblivion

>>26093870
Shitcoin moonshot

Buddy.. noone I'd holding BTC. We're making %30 a day off shitcoins lol

>>26094773
Litecoin is probably one of the only bitcoin forks that can justify its existence.

>>26092958
>the only reason the price is 'stable' is because of a corporation buying the dips

This is actually bearish, when institutional money dries up it'll dump.

>>26094988
How? Post your bags

>>26093420
>implying grayscale can frontrun
Yeah go ahead a drop $23 billion of sales at equilibrium and see if no one notices. There's not enough volume for it without wrecking the price.

>>26095051
they’re not even buying. clowns here don’t know about in kind contributions to get gbtc

>>26094137
Damn good question. Better buy more now while you still got the chance.

>>26094673
Marketcap does not represent what people paid for bitcoin, it represents what 1 person on the margin paid for any amount and that number is multiplied by the total supply. Marketcap is a huge meme.

>>26095051
Institutions can never outperform small investors. they can't outperform this terrible board. They are boomers.

>>26093392
it was all a plan to get cheapies?

>>26095354
>hundred billion dollar hedge funds can't shake retarded zoomers from red dit out

This is why most of you are poor.

>>26095163
Yeah that's what I thought.