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/biz/ - Business & Finance

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57758421 No.57758421 [Reply] [Original]

How does it feel being violently KEKED by boomer bags?
>GLNK boomer trust
$110
>stink link erc20 scamtoken
$18.76
It's over for stinkers. Literal boomers are making it rn while they le HODL XD Sirgay's steamy dumps missing the bull run again kek. How did it come to this? Clownworld sure is interesting

>> No.57758466
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57758466

>>57758421
>0.93 LINK behind 1 GLINK share
All this means is institutions are willing to pay a 5x premium on LINK right now. They can’t buy at $20 per token like retail can. We’re lucky.

>> No.57758583

>>57758466
you have to feel bad because we say so, stinkie

>> No.57758615

>>57758421
there haven't been a single bull run where link didn't reach the same price as glink and he thinks this is bearish lol lmao

>> No.57758619
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57758619

>>57758466
>>57758421
how does this work economically? im ignorant why is there a premium at all what is the incentive to pay this higher price for a GreaterLink?

>> No.57758690

>>57758619
GreaterLink has 8% APY staking

>> No.57758704
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57758704

>GLNK SHARES OUTSTANDING: 418,710
>LINK TOKEN SUPPLY: 587,000,000
gee I wonder

>> No.57758722
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57758722

>>57758421
That's brutal. Same price in Sep/Oct. Unbelievable. You could've owned literal boomerstocks and hit many baggies longer-term price targets for the whole run by now in a supposedly LINK-correlated asset. Seriously boggles my mind. How much more brutal can this years-long mogging get?

>> No.57758728

>>57758615
This is the first bullrun where GLNK exists bro, you're coping hard rn bro.
>Verification not required

>> No.57758761

>>57758619
Rules and regs within organisations may put limitations on what kind of asset they can be exposed to. To me, the fact they're prepared to pay 5x the market price for exposure is bullish af, and just shows they think it's worth more than this, or they wouldn't buy at that price. tbf, they're still getting a bargain and it'll look like nothing in time. Makes you wonder how an ETF would move things. And what about an ETF alongside Swift/DTCC etc going live?
Safest investment i ever made in my life.

>> No.57758765

>>57758466
Bahahahahahahah you fucking imbecile. Its a $4m fund. You prob dont even know understand what volume is

>>57758615
They will never be correlated again. You are so dumb its shocking

>> No.57758784

>>57758619
>how does this work economically?
It doesn't. The total value of link held by grayscale is less than 10m usd and the total volume is like 5000 shares a day.

>> No.57758802
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57758802

>>57758583
I did for years, believe me. But I’ve learned to smile at the pain.

>>57758619
I don’t think the relevant institutions are able to buy at retail $20 / LINK due to red tape, thus they need a separate near-1:1 ratio’d asset to create a parallel market in the short-run while the financial system is being migrated. Unironically, I think it’s just the only way we can bring the economy on chain

>> No.57758805

BASED LPL CHUDDIE KIDDOS HOW YOU DOING BASED KIDDOS POOLS CLOSED LPL SEETHE

>> No.57758827

>>57758615
There's not even a way to get actual link into or out of the fund or to do cash-settled arbitrage, so there's not actually a reason it would ever track the price of actual link. I don't really get what's the point of these funds, maybe just a placeholder or something...

>> No.57758849

>>57758765
>Bahahah
Only females type like this

>> No.57758943

>>57758421
GLINK boomers will never bathe in the glory of the pool

>> No.57759041

>>57758728
>>57758765
kek lots of cope from nolinkers

>> No.57759128

>>57759041
Coping with my massive gigaLINK gains kek
Sneed

>> No.57760772

>>57758421
Good luck selling

>> No.57760991

>>57758421
This is literally Link's price without Bitcoin fuckery

>> No.57761205

The important question is—will this shit continue to go up?? I bought some as a joke around $70 and am somehow up on it

>> No.57761304

>>57761205
It'll keep going up until a Chainlink ETF is released. Remember, the banks have their own version of CCIP they're using. And they're already moving stuff onchain all right now.

>> No.57762672

>>57761304
They aren't using CCIP you liar

>> No.57763153

Who is willing to pay this premium? Does he have inside knowledge or is he just a retard? I need answers

>> No.57764009

>>57763153
the actual answer is they can buy it with tax-advantaged investing accounts