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57223747 No.57223747 [Reply] [Original]

Grayscale link - 79

>> No.57223928

87 now. Fuxk you all

>> No.57223946

no one cares uncle

>> No.57223956

>>57223747
volume on this one is shit

>> No.57223966

>>57223956
5000 is not dollars, its packs of shares retard

>> No.57224051

>>57223747
why should I care about retarded boomers. The crypto market is more intelligent and has an accurate price of the token not needed.

>> No.57224107

>>57223966
How many glinkies in a pack of shares bro?

>> No.57224153

>>57223747
I see this every now and again
Can someone explain this shit to me?
What is glink and why is it that price?

>> No.57224155

>>57223966
compare the volume to BCHG and LTCN, you fucking mongoloid ape

>> No.57224181

>>57224153
It's Giga Link, can't you tell by the price?

>> No.57224663

>>57224153
Grayscale link (a trust)
Institutions bullish on link but legally unable to buy it conventionally or through an ETF will seek to get exposure through a trust like grayscale
If someone in boomerfinance believes LINK will go to $160 but cannot legally purchase it, it's worth to buy glnk even at such a ridiculous premium just to get exposure from the pump
1 glnk is around 0.95 link

>> No.57224860

>>57223966
Are you implying volume of a few hundred thousand dollars is a lot?

>> No.57224960

>>57224663
So are these boomers able to use their stocks and shares accounts to get link exposure?
If not, why not just buy a stack off coinbase?
Are they genuinely paying a massive premium for link exposure? Do they know something we don't? Is volume just extremely limited in the trust? If it is, why doesn't the trust just buy more?

>> No.57225138

>>57223747
look at the volume fucking retard. literally a pajeets link stack is worth more than glink volume dumbass

>> No.57225219
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57225219

>>57224107

>> No.57225255

>>57223946
I gave him shit and he's massively outperforming retards holding spot. Fuck Sergey

>> No.57225286

>>57225219
What is the reason for that specific, random looking number?

>> No.57225315

>>57224960
>As per Grayscale, the trust allows individual and institutional investors to gain exposure to LINK as a security while allowing them to avoid buying, storing, and trading LINK directly.

https://www.tradingview.com/news/coinedition:d4725eb8a094b:0-grayscale-chainlink-trust-premium-rate-hits-record-high-of-223-86/

>> No.57225327

>>57224960
Nobody seems to know the answers to those questions.

>> No.57225472

>>57225219
If you look at assets under management, Grayscale holds around 285k Link in total.

>> No.57225767

>>57223747
Why are you saying fuck you? You don’t own any Glink. Maybe try explaining yourself

>> No.57225930

>>57224960
it's for boomers alright, but the funds are managed by so called family offices. for contractual or regulatory reasons they may not be permitted to trade crypto directly, so they use shit like grayscale. yeah it doesn't make much sense but that's how they roll. note that these family offices typically deal HUGE fortunes so the volume of glink actually tells us they are generally speaking not interested in LINK, there are probably "pink dildo sales" derivatives that have higher volume than glink

>> No.57225971

>>57224860
For low to medium popularity assets on a single brokerage that's a fair amount

>> No.57226180

I just think this is fucking funny really. Linkies have had to endure so much and now greyscale link pumps harder than link ever did. If actual link were worth 80 usd right now this board would be euphoric.

lord when will this test end

>> No.57226339

As I see it, GLINK is like shares in the company itself, Green Chainlink Enterpises. The tokens, LINK, purpose is to extract money from holders into the pockets of the shareholders in GLINK – as the company can pump as many tokens they want, but not shares. It's sort of a smart scam, but not highly block-advanced and likely SEC is looking into it as we speak.

>> No.57226458

UncleOldfag keeps winning.

>> No.57227452 [DELETED] 
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57227452

The Solana killer. SEIchads, report in.

>> No.57227496
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57227496

My dad bought a bunch of glink when I told him about it and I even emphasized making a wallet owning your keys etc..
He rubs this shit in my face every time I see him, so subtle too, just opens up the price on his phone with a big shit eating grin on his face and points it at me.

>> No.57227503

>>57223747
Grayscale trusts are memes. Mostly all of them are at a massive premium.