/biz/ - Business & Finance

why?

y

>>24122437
feed us brainlets the answer

Who is Grayscale?

whats greyscale?

>>24122460
>>24122475
>>24122479
fiat is worthless you retards

>>24122487
He's a wizard from Lord of the Rings

>>24122495
big if true

>>24122495
what will I cash out to when I make it then? baka

>>24122487
I NEED TO SUCK PUSSY RIGHT NOW!!! FUCK YOU CORONA!!!

>>24122550
that mindset is the reason why you won't be making it

>>24122437

>>24122495
>>24122537

>>24122565
>you won't be making it
I hold link so that doesn't make any sense

Well, despite the quality post, this thread turned to garbage again. Good job biz.

>>24122596
then you must own a poorfag tourist stacklet since all of us who bought in at 2017 have already made it

but muh tether scam

>>24122487
An investment group representing the most dishonest and manipulative group of capitalists in the world who are apparently intent on driving the price of btc up for ..unknown reasons.

>>24122627
correct I only hold a little above 10k thats why I said "when"

fuck fuck fuck fuck i need more btc

so when normies come in and FOMO? month? two? 65k end of January?

And PayPal and square are eating up the entirety of the new supply by miners.

That's how finite supply works.
https://cointelegraph.com/news/bitcoin-shortage-is-real-and-paypal-is-the-cause-pantera-capital-claims

>>24122875
50k maybe, probably 100k. Retail can't move the market much, they have no money relative to hedge funds, institutional wealth, 1%.

>>24122963
but they did in 2017 will a "little" tether push

>>24122550
You won't cash out. Not at the top nor after the bubble pops and crashes. You'll HODL until nobody uses your shitcoins anymore and they're worth nothing.

>>24123053
seethe nocoiner you had 10 years

>>24123053
Holy bitterness

>>24122996
True but they can't take us to the moon. Retail adoption is important, as more people dip their toes. But the vast amount of wealth is held by the 1%. Never been an asset before now where you could potentially frontrun the institutions.

>>24122437
how the fuck am I supposed to figure this out?
I own bitcoin because I’m a degenerate cook/drug brain
tell me or I’m on to the next thread
you have 30 seconds
if I can stay focused that long

>>24122437
even if this is true which I doubt
they are not buying on spot but Oct with large whales so this doesn't justify the price pump
also how many institutions invested in theranos? just because they are big players doesn't mean that they are smart or that they wouldn't cash out

>>24123281
Someone someone fast! This drug guy doesn't have a lot of time, he has things to do! This is important guys!

>>24122437
Are they going to baghold like they did the last time?

since OP is a pussy and you all are too heres an even scarier pic

>>24122460
>>24122475
>>24122479
>>24122487
>>24122493
Sell signal?

>>24123334
>OTC doesn't move price

I thought /biz/ was a 60+ IQ board

>>24123334
Grayscale keeps buying up Bitcoin, you don't have to believe it, it's public record. Exchange balances are starting to go down as well. Institutions are less likely to pump and dump, they aren't throwing their paycheck on Coinbase, they invest with a reason.

https://www.blockchaincenter.net/bitcoin-supply/

>>24123415
based people aren't going to get goxxed again. this pump is all supply/demand

>>24123281
>>24123340
Dammit! We lost him. Fare well drug guy

>>24122437
>>24123415
sorry guys i look at these charts and can't draw any conclusions from them. I'd like my hand held, via greentext on the implications of both charts. When i look at numbers, math, or charts, Its like looking at hieroglyphics

>>24122437
That isn't what supply means

>>24123479
Shut up retardo

>>24122437
It just means that boomers are buying bitcoins. Time to sell. I'll short if it hits $21k

>>24122550
Perhaps you won’t have to cash out - that lambo - 10 Link will cover it

>>24123667
It just means Grayscale is buying more Bitcoin.

Grayscale is a roundabout way at getting exposure to the price of Bitcoin without having to go through an exchange/self custody. This makes it easy for traditional investors to get in, they can trade it with a broker easily, and it trades on the stock market with the ticker GBTC. The shares you buy are tied more or less with the Bitcoin they hold, which is about half a million Bitcoin now.

This, along with the crypto exchanges holding less Bitcoin, along with PayPal and Square effectively buying up the entire amounts that miners dump on the market is simply an interesting view on what's happening to Bitcoin as it's so transparent and can't be fucked with via monetary policy, etc.

>>24122437
They are getting on a dominant position controlling the supply. Can manipulate the btc price

>>24123277
But it’s not
The the world wealthiest would be bankrupt in a year if they had to pay healthcare education costs etc.

Australia has a 1 T tax base that alone would wipe out gates bezos musk alibaba guy.

They would last about a month funding all the stuff the gov does. The gov has the money via general taxation

>>24124133
Basically they're getting into a position to pump n dump btc at their leisure?

>>24122437
Because they fell in love with the ponzi and are currently sky high on dopamine while the price is above their entry point.

>>24123866
kek he's fighting a money printer

>>24125325
The next big injection of QE is coming, the defaults are piling up

>>24124439
I'm talking about wealth distributions. Most "retail" investors are pissant.

https://www.youtube.com/watch?v=QPKKQnijnsM&t=8s

>>24122921
do they by directly from miners? ROFL

What happens when the million pre-mined coins are cashed out.

>>24125942
Lol good question, I have no idea how they're obtaining it.

>>24122437
Grayscale isn't buying btc.
Accredited investors can put btc into gbtc and get shares back, that's how it works.

>>24126005
if satoshi's btc start to move then it'd cash the markets 70%
that's 1 million btc in control of one person/group

>>24125648
we all know this but honestly it's so fucked up

>>24124685
>>24124133
>>24123415
Fags starting to realize crypto is unironically just one massive ponzi.

>Doesn't scale
>No usage but HODL XD
while the most important attribute for a currency is it's velocity

>HURR DURR JUST HODL, JUST MAKE BTC UNSCALABLE SO THERE IS NO LIQUIDITY AND WE CAN JUICE DEGENERATE GAMBLERS WITH MASSIVE MANIPULATED FLUCTUATIONS.

>I HOLD BTC, I'M THE FUTURE

>>24126005
Price would just crash back to 5-6k.

>>24126191
what's his address anon

>>24126005
>>24126191
>>24126419
Would and will got straight to 0.

>>24126469
there's dozens of them
can be found by googling some

>>24126410
well it's a store of value so...

>>24126540
>>24126191
They won’t move. Satoshi is a spook. They won’t move for at least 10 years. Cap this.