[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 713 KB, 1286x1362, 1673120166901636.png [View same] [iqdb] [saucenao] [google]
57280845 No.57280845 [Reply] [Original]

Is this dump really caused by investors dumping gbtc?
>Captcha: TARDRX

>> No.57280848

I heard there are smart stock trader people in /smg/ so I asked there >>57280830

>> No.57280854
File: 3.95 MB, 408x744, Wrong Libtard.gif [View same] [iqdb] [saucenao] [google]
57280854

>>57280845
The dump was caused by me selling my dbi gains

>> No.57280873

>>57280848
the 1.5% fee that GBTC put in place is the most jewish thing I've ever seen. it's like shitcoins taxfarming and just from the conversion when people want to get out they get at least 9 thousand bitcoins

>> No.57280875

>>57280845
When did people buy bitcoin with gbtc?
You can't sell what you did not buy

>> No.57280880

>>57280848
if this interpretation is correct GBTC just plugged in $28b potential sell pressure from nowhere when they converted to an etf

>> No.57280887

>>57280880
And how would that go I ask again? Where do the Bitcoin they sell come from?

>> No.57280888

>>57280875
In 2020
>https://www.coinglass.com/Grayscale

>> No.57280898

>>57280888
So then it DID impact the Bitcoin price positively just in 2020

>> No.57280938
File: 171 KB, 1256x1094, pepe-pipe.jpg [View same] [iqdb] [saucenao] [google]
57280938

>>57280880
Turns out that ETFs were the real MtGOX dump all along

>> No.57280942

https://www.coindesk.com/business/2024/01/12/bitcoin-miner-outflows-hit-six-year-highs-ahead-of-halving-sparking-mixed-signals/

>> No.57281091
File: 34 KB, 500x500, avatars-000003546561-oh9ieo-t500x500.jpg [View same] [iqdb] [saucenao] [google]
57281091

bump

>> No.57281096
File: 85 KB, 1280x640, IMG_20240103_104231_716.jpg [View same] [iqdb] [saucenao] [google]
57281096

>>57280887
Guess who owns the biggest share of miners

>> No.57281140

>>57280938
I don't think I like this etf thing anymore

>> No.57281167
File: 53 KB, 793x786, pepe-crying-corner.jpg [View same] [iqdb] [saucenao] [google]
57281167

>>57281140
Same, I believed this was it, that the golden bullrun was really about to start
I guess we'll have to wait for the halving and see