/biz/ - Business & Finance

Do yoir job bobos

do your god damn job bobos. shorting before the etf approved candle is insane, slaughter the pigs after they're nice and fat

>>56850682
>bulls are resorting to etf cope
Holy shit. Just like 2018. Seems things really are about to get nasty.

>>56850714
Uh sweaty we're in 2023 4 months before halvening. You sound retarded

>>56850714
>2018
you're in 2019 retard

>>56850725
That newfags bulls are using ETF cope like they did in 2018 yet again is a super bearish sign.

>>56850737
There are no more newfag bulls right now /biz/ is dead.

>>56850714
Hey dumbass, its 2020. Wake up

>>56850747
Only people very new to crypto think ETF news is bullish for crypto. If they weren't so very new, if they'd been in crypto in 2018 or earlier, then they wouldn't be associating ETF news with bullishness. The fact they are shows they're new. Likely fresh arrivals from plebbit.

>>56850714
>>56850737
>>56850802
Why are you so angry

>>56850857

probably sold and expected a bear market.

>>56850857
>if you remember, and if you have a historical perspective, it means you're angry
I'm amazed how little things change with regards to people's behavior. They're still using the same ETF argument, and it's the same type of people (those who just entered crypto).

>>56850802
You say it's bearish but don't explain why that's what I noticed about bears they say it's one thing but don't expand on it. I can tell you why it's bullish but I would love to hear your take

>>56850652
Aww, I feel special, you made a thread out of it. You do realize it's very likely to go to 40k next week, if not today, right? At the very least, it will scamwick and the 40,200 anon will get liquidated.

I am not guaranteeing 45k, but it's very likely.

>>56850900
It's bearish as what follows ETF news (in crypto) is a big fall in the price.

>>56850915
So you used one metric? I just think you're trying to be contrarian just to feel special and different.

That we're seeing ETF news, and the way it's promoted, that's bearish in of itself. But what really raises a red flag is how people are yet again using the ETF news as proof for why some super bullrun is imminent, in the exact same manner they did before, that this social phenomenon is repeating, that's spookily bearish. It's a social indicator.

>>56850938
That you think it's "contrarian" to know what follows ETF news and think people who know want to feel special, shows you're new. You think "everyone knows ETF news is bullish" because you lack perspective. Again, only newfags think ETF news is bullish and associate it with bullishness. People who were new in 2018, those who got into crypto in lets say June 2018, they back then thought all the ETF news at the time was a bullish sign and meant the price would imminently shoot up. Like now they were told they were wrong, but they wouldn't listen. They were hypnotized by the ETF meme.

>>56850898
kek, you had 2 years

Essentially at the end of the day the purpose, effectively, of ETF news is to deceive the dumb-money and provide liquidity for the market movers.

>>56851030
You used 1 data point from one metric

>>56851424
Smart money always finds a way before everyone else. You think smart money is waiting for the ETF?

>>56850652
wow, it's like I didn't tell you this was going to happen this morning.

>>56852737
chad

>>56852200
Then why did the gold etf make it shoot straight up was smart money in on that too. See I'm using one data point from one metric as well I must have 100 percent conviction

>>56850802
>muh "buy the rumor, sell the news" dogma
We're talking about ETFs actually happening, NOT just talk/speculation like we've had until now.
There were no ETFs in 2018. There still aren't. Trillions of dollars are still sitting on the sidelines waiting for it to happen. If ETFs actually get approved, then it will actually open the gate for tons of new capital to flow into the crypto market, which isn't what happened in 2018, therefore it is not the same

>>56853271
Gold got an ETF, Bitcoin did not. People are saying "ETF news" is bearish (and they are correct), they're not saying an actual ETF is bearish.

>>56853389
>We're talking about ETFs actually happening
No. That's not what people are talking about when they're saying ETF news is bearish. They're not talking about an actual ETF itself.
>There were no ETFs in 2018
There was tons of news about ETFs, news, talk, hype, whatever you want to call it, in 2018. Same as we're seeing now.

https://www.cnbc.com/2018/08/22/once-again-bitcoin-investors-hold-their-breath-for-an-etf-approval.html
https://www.investopedia.com/news/coinbase-tries-court-blackrock-explore-crypto-etf/
https://news.bitcoin.com/bitcoin-etf-firms-team-reapply-200000-price-targets-wall-street-institutions/
https://bitcoinist.com/blackrock-involved-bitcoin-etf/
https://medium.com/hackernoon/bitcoins-etf-is-a-double-edged-sword-86a445e7314d
https://coinstelegram.com/crypto-alphabet/what-is-a-bitcoin-btc-etf/
https://www.cnbc.com/2018/01/18/bitcoin-etfs-questioned-by-sec-in-new-letter.html
https://www.investopedia.com/news/what-watch-sec-bitcoin-etf-decision-early-friday/
https://cointelegraph.com/news/etn-vs-etf-which-is-the-investors-dream
https://www.cnbc.com/2018/06/06/vaneck-tries-a-third-time-for-a-bitcoin-etf.html
https://archive.is/CSUVo
https://cointelegraph.com/news/bitcoin-loses-7-000-support-after-etf-delay-altcoins-suffer-large-losses
https://www.financemagnates.com/cryptocurrency/news/analysis-would-the-coinbase-blackrock-etf-be-the-industrys-magic-bullet/
https://www.tradingview.com/chart/BLX/LeGaPQH6-Bitcoin-video-analysis-July-21-Will-ETF-move-BTC-8500-tar/
https://www.tradingview.com/chart/BLX/tzp2jfE1-Dump-and-Dumper/
https://www.tradingview.com/chart/BLX/2W2QpSAP-MA-ping-pong/
https://www.tradingview.com/chart/BLX/wVNJkF2O-ProShares-Aug-23-Weekly-bull-pinbar-Leaning-bearish/
https://www.tradingview.com/chart/BLX/WQtwT5kM-November-3rd-2018-Bitcoin-Update/

>>56853723
You're saying X is Y without proving it. What is the mechanism by which ETF news is bearish? You're obscuring your argument completely.

How long do we have to wait for etf to be tradable after approval?

>>56850652
It’s gonna crash. Can’t keep pumping then pumping then dumping. 2024 crash 2025 bullrun

it has to crash like 70% for me to go back into the red, i think i'm safe, either way i still have almost 30% fiat leftover to invest if a crash happens, i would definitely slurp it up, delicious!

>>56850902
Nice prediction anon, pretty spot on

>>56853389
If there was real demand for ETF there would be frontrunning on GBTC, MSTR, Canadian ETF etc. It's a sell the news event.

>>56853784
>etf hype
>price dumps
That's historically what happens.
>b-b-but this time it's different
Yeah, okay, sure it is.

>>56850902
>At the very least, it will scamwick and the 40,200 anon will get liquidated.

Jesus, its 40,500+ now. That anon is having a long fucking night right about now.

>>56851030
>Didn't buy btc at 16k or alts during that fall

Dumbass. Of course the ETF is bullish. Do you think Blackrock and Fidelity are developing their products for a pump and dump? They are going to market the shit out of bitcoin. You'll see nonstop ads for bitcoin, and every normie pleb will be buying bitcoin through their 401k. That's just for starters. What about about all the funds/balance sheets exposed to bonds? Huge market out there for bitcoin and Larry Fink has already said this much.

>>56851030
Can you please shut the fuck up and stop littering this board with your naive take? Clearly you haven’t been here long and/or haven’t made much money yet. This is not a sell the news event, this is a paradigm shift. Don’t be left behind at the station, you’ll never get this opportunity again.

>>56855588
Checked full house and based take.

>>56855588
>this is a paradigm shift. Don’t be left behind at the station, you’ll never get this opportunity again.
Bearish post.

>>56857187
You clown. The exact same thing was said to me years ago when Bitcoin was $500. And again when it was $3000. I didn’t get it until only recently. Perhaps you will experience the same evolution of thought in time

>>56850652
is that.... a hecking 4chan.com post? holyyyyy heckin no way

>>56855278
ETF institutions like Fidelity and Blackrock have already invested in MTC miners. I think that qualifies as frontrunning.

That being said, I'm always wary of TradFi bullshit and am leaning towards "Sell the news." I will buy back in before the trillions start flooding in, at a loss if I am wrong.

>>56855588
>Don’t be left behind at the station, you’ll never get this opportunity again.
Agreed. It may not be at the ETF announcement, but at some point the floodgates will open. Take advantage.

>>56855373
This time is different because ETFs are actually happening and it's not just hype like it was last time.

>>56855549
>the ETF is bullish. Do you think Blackrock and Fidelity
Normalfaggot sentiment straight out of 2018, exact same buzzwords, even Blackrock specifically was hyped over and over. Also it's essentially the "muh institutions" cope at the same time.
>writes "normie"
It's all so tiring.

>>56857455
We had your "it's actually happening!" type then as well. So tiring.

>>56857384
Im talking about retail. Also MSTR is a better way to buy BTC without shitxchangers because Saylor is a bitcoiner and knows what he is doing with the keys unlike the late to the party boomers on Blackrock and co.

>>56851030
You can always spot the late 17 buyer by their flimsy bearishness on ETFs
Back then it was because muh institutions can short and will pummel it to pennies
A concern that doesn't even make sense knowing what we do now, seeing the flows in the past 5 years
I'd even extend an olive branch and say this was right at that time

>>56850652
hey I was in that thread

>bobos

>>56850737
Then sell and fuck off loser

>>56857769

there are all sorts of landmines with buying MSTR/ a stock instead of BTC itself

saylor dies, new CEO isn't a cocaine-adled bitcoiner, sells
MSTR dilutes
bitcoin drops so much MSTR gets margin called
accouting standards get changed, MSTR has to write down the value of their coins etc

>>56850802

The space runs on sentiments, Noob. ETFs could be a game changer, driving up the vibes. Regardless, I'm sticking to my DCA on BTC, DUA, INJ, and Storj.

>>56857455
You're based, Fag. Only hiccup is I'm out of fiat, but I'm diving into the BrillionFi Open Beta, to snag those fat rewards they set aside for Pajeets.

>>56850652
Every time a new semester starts at my alma mater I go there to harvest the fresh overseas arrivals from india and china.
These girls all come from good families, and have been brought up well as virgins to pair with another talented member of their society. Their parents and countries spared no expense in investing in them.
Too bad they meet me. Once they see my white chad genetics, 6'2", muscled body, blonde hair and blue eyes, they are putty. I take my time getting to each of them and deflowering them, making sure to pound them for two hours or more so they never forget the feeling of me inside them. I never use protection and go in with the mindset I am sending them back to their parents with a baby. All that effort just washed away as their eggs drown in my seed.
I always use a false name and have never been caught doing this. By now I have cucked around a thousand men out of good wives and forced them to raise my bastard children just for pity sex in between the drug dealers they fuck just to try and get a taste of the pure ecstacy and primal fulfillment they felt as I ravished them.
Following them on social media and seeing their bellies swell is the best, if they post it is a girl I try to accidentally run into them and lie sweetly, and then ravish her again, just so the first thing their daughter knows from outside of the womb is my superior genetics, washing over her, programming her to be a white cock loving slut like her mother. She quivers with the fantasy that a chad like me is going to stick around as she milks me and my daughter's placenta slowly takes up and feeds my cum to the fetus.

>>56850652
To reach 45k right now or in a week, BTC would have to go above the extreme resistance that used to be the support since 2013 until late 2022. So that's probably not going to happen. A month or two from now however it can reach 45k without needing to even touch that resistance, since the resistance goes upwards.

>>56861343
Elaborate?

>>56855588
check'd. 2018 is still newfag territory.

>>56855278
so what would you call some of those proxies being up 5-10x off the 2022 low? Not front running?

>>56860261
kek, what a post. Someone actually took the time to write this garbage

>>56854041
>after approval
...anon.....

>>56850802
>Likely fresh arrivals from plebbit.
You're right, many of them are indeed from plebbit. Some of them who posted ITT even outed themselves, for instance this one >>56850885 and >>56860236 who both plebbitspaced and this one >>56855549 who wrote normie.

>>56857455
Gold DUMPED on ETF approval.

imagine making a post screen shotting it then making a thread about it as if it makes the post more powerful

so gongo up?

>>56859300
>saylor dies, new CEO isn't a cocaine-adled bitcoiner, sells
He probably has a number 2 person of trust that isn't a retard that would destroy the company by selling
>bitcoin drops so much MSTR gets margin called
They manage their leverage properly. Even the creator of Bitcoin has MSTR.

You are also not considering the risks of holding BTC yourself

1) you get hit in the head and forget your passwords
2) your house goes on a fire and lose your backups
3) they ban BTC from being withdrawn and deposited without some sort of license
There's always risk on everything.

>>56862395
this

When is BTC going to correct? I'm not fomoing in until this shit corrects

>>56861605
See this thread: >>56857429

>>56862427
>>56863188
the price can literally only go up

>>56863244
kek. retard included the covid scamwick dump as a test in the trendline. if anything that should be where we beoke through and barely recovered.

>>56863457
Unfortunately for you, the global market traded that wick. Once the price hit the support, the whales bought in en-masse.

>>56851030
You guys dont realize that the SEC that approves the ETFs has you by the balls. They can make the price go to heaven or to hell with their decision.

The question to ask is, why would they approve bitcoin ETFs? The answer is they might want to shift people towards crypto before the government regulated cryptos come out to make the transition smoother.

Now why would they want to disapprove bitcoin ETF? Maybe because they want to keep the status quo and because the people behind these ETFS are old boomers.

>>56863457
The chart is what it is. A support is what it is, can't be altered later through feelings. Bitcoin's price action is what it is. And Bitcoin's price action manifested through how the market traded Bitcoin. The market traded Bitcoin the way it did. No amount of crying or wishing the market had traded Bitcoin differently will ever change the way Bitcoin was traded, which supports were traded or which resistances were traded.

>>56863188

it is correcting. it should be much higher

>>56863804
>plebbitspacing
Hmm. Guess it's going to crash pretty hard soon.

>>56850737
>>56850714
ef in 18 was just hopium and muh institutions. we have actual filings now showing etf requests. its not hopium its an actual fact now.

>>56850652
He knows this because he is part of the government pump. It's part of the projection they do to create the environment for huge buy in. Never listen to these faggots because they are usually correct initially but then lie the rest of the ride. He will be telling you that bitcoin will hit 500,000 around the time they plan to dump. You are being played. Never trust these faggots. Play them. Be smart.

>>56864625
I get this but I'm waiting for the dump. I'm starting to get antsy and the female part of me is telling me it's going to soar straight to new ATHs without me.

>>56864641
If your just using spare change in your crypto then don't worry about it. If you have you life savings in crypto you need to find a cash out spot.

>>56853723
You weren't in crypto in 2018.

>>56864571
>18 was just hopium and muh institutions. we have actual filings now
Cool story bro.
> "Each share of the VanEck SolidX Bitcoin Trust is set to cost a hefty $200,000, according to a filing with the Securities and Exchange Commission on Wednesday"
> "VanEck first filed for an ETF based on bitcoin futures in August"
> "The company and several other firms filed again when bitcoin futures launched on CME and Cboe in December"
> "BlackRock’s purported move also comes days after the Chicago Board Options Exchange (CBOE) filed a proposed rule change to list and trade shares of Van Eyck Investment and SolidX’s Bitcoin ETF"
> "Bitcoin ETFs filed by NYSE Arca"
> "ProShares, which has about $30 billion in assets under management, filed for two bitcoin ETFs in September"
> "The present filing, as of 6 June 2018, will be watched closely by the ecosystem"
All 2018.

>>56861694
You're not getting it. He didn't say he's from 2018. Anons mention 2018 when ETF is brought up as that's the previous time we went through all this. And that anon was talking about fags who were new in 2018, about how they in that year were acting the same way as those who are new now are.

I see there are lots of confused reddit Mumus here. What you fail to understand is that when /biz/ says ETF news is bearish we're not speaking of an actual ETF nor are we talking about "bad news". Many of you -- either due to poor reading comprehension or simply due to you being new or both -- think /biz/ is saying "the news will be bad/bearish" or "the ETF is going to be a bearish thing". That's not what we're saying. What /biz/ is saying is bearish is "the talk" itself, the hype, the buzz, all the news articles, people talking about "a coming ETF", the whole "there is an ETF coming, guys!" that we see everywhere, and that the bulls are factoring in "the ETF" into every analysis they make, every forecast they make, adding "the ETF" into every post they make, into all their arguments or counter-arguments, and the bulls latching onto the word "ETF" and throwing it around in a similar fashion as they did with "S2F" (for example: "S2F proves we're right: 250k before EOY 2021!"); using "ETF" to support bullish TA (many cases of this on tradingview) and as evidence for why all sorts of moonboy narratives are valid. All that stuff. That's what's a huge warning signal to us. That stuff is what's bearish. And we recognize it as bearish as we've already experienced all of that years ago, the very same "talk" and hype and so on, even the very same behaviors.

>>56863568
>They can make the price go to heaven or to hell with their decision.
Doesn't matter what happens anonfag. Focusing and maximizing gains off this bull is all that matters. Ready to gamble on Dplay casino roulette or black jack. Easiest way to gather gains just in time to buy huge bags of alts