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/biz/ - Business & Finance

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57205375 No.57205375 [Reply] [Original]

We’re 100% dumping hard on ETF approval. If this really was a buy the news event we would’ve had everybody frontrunning it. There would be $1 Trillion of volume flowing through Bitcoin TODAY! So why are we seeing bearish divergence suddenly right before the so-called biggest event in crypto history?

>> No.57205384

To make retards like you miss out

>> No.57205400

>>57205384
Missing out on what? I’m half in crypto and half in cash. I will be fine either way

>> No.57205404

>>57205384
>shaming
really is that all you got

>> No.57205416

>>57205375
today? it's saturday, people aren't in the office
regardless, we will dump

>> No.57205452
File: 991 KB, 936x1200, btc etf.png [View same] [iqdb] [saucenao] [google]
57205452

>>57205375
If it was sell the news everyone would already be selling. In reality 88% are waiting for approval before they buy.

>> No.57205512
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57205512

>>57205375
Fund managers are not going to buy the ETF until is listed on Nasdaq.

SEC still has to vote the ETFs.

Boomer investors will also wait for the ETF.

This shit is gonna pump tuesday or wednesday at market open.

>> No.57205536

>If this really was a buy the news event we would’ve had everybody frontrunning it
Price has steadily gone up 3x for an entire year.

>> No.57205571
File: 1.06 MB, 956x965, 1687515015758524.jpg [View same] [iqdb] [saucenao] [google]
57205571

>>57205512
Schizo mode enabled

Market cap of actively managed funds is about 17 trillion dollars.

Let's say they allocate 3% to BTC on average.

That would be an inflow of 340b$ (40% of current btc market cap).

Only because of inflows, BTC will go to 60k$.

Now, there will be price action, and retail will jump into the ETF bandwagon.

My price prediction to BTC end of 2024 is 100k$.

End of message.

>> No.57205586

>>57205375
ETF is not getting approved. It is just edging for bullfags. You will never get your nut.

>> No.57205613
File: 90 KB, 1024x749, 1700645766209785.jpg [View same] [iqdb] [saucenao] [google]
57205613

>>57205586
Nasdaq already listed the applications lmao.

It's litterally on paper. They only need official SEC votes so Nasdaq can list them.

>> No.57205688

There's no such thing as a buy the news event
Buy the rumor, Sell the news

>> No.57205708

most people have already bought
when the pump stops this majority will then want to sell
we will end up lower than the price we're at today

>> No.57205729

>>57205688
peak midwit redditor take

>> No.57205730

>>57205452
this. there is so much money waiting to be put into Bitcoin and what are they waiting on- the approval. it will pump, the only question is how much. people acting like everyone's just gonna sell right when the news comes out and before a pump happens are sorely mistaken.

>> No.57205735

>>57205708
desu most people arent even thinking about bitcoin right now

>> No.57205765
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57205765

>>57205735
Bitcoin and this point is a fucking ball and chain for far more promising prospects in the cryptosphere
Literally hobbles progress at this stage

>> No.57205785

>>57205688
>buy the news
you missed chain link
?

>> No.57205936

>>57205613
This, plus this time is (((BlackRock))) behind it and people miss out that (((Gary))) is part of the same tribe. Pattern recognition applies not only in charts, people need to learn how to follow patterns