Bitcoin ETF?

smallballtrader said:
Naive to think Blackrock will build its position AFTER the approval. They probably long af right now.
More...
I’m totally sure that they have some but I don’t think they have anything near what they would need to meet the demand of their potential ETF. Probably not even for the first month.
 
long said:
I’m totally sure that they have some but I don’t think they have anything near what they would need to meet the demand of their potential ETF. Probably not even for the first month.
More...
You control the info flow on this one, so if you a good trader you size as big as your risk guy lets you.
 
long said:
I just don’t know enough about it, I also don’t believe in it as a potential currency because it it isn’t backed by anything physical and it isn’t recognized as currency by any major governments. Zero is a real possibility in my mind.
More...

Bitcoin is Magic Internet Money, do you not believe in Magic???

Zero is a good measurement

Everything is going to Zero when priced in bitcoin

You do not believe me? Take a look for yourself


https://www.pricedinbitcoin21.com/landing
 
long said:
I just don’t know enough about it, I also don’t believe in it as a potential currency because it it isn’t backed by anything physical and it isn’t recognized as currency by any major governments. Zero is a real possibility in my mind.
More...

It's not a currency so much as digital real estate. Real world use today is equity loans. You can borrow money off Bitcoin like you can iff a house ..minus all the bs such as appraisals etc. I would say gold would be way more risky now that Bitcoin has become the defacto store if value.
 
wxytrader said:
It's not a currency so much as digital real estate. Real world use today is equity loans. You can borrow money off Bitcoin like you can iff a house ..minus all the bs such as appraisals etc. I would say gold would be way more risky now that Bitcoin has become the defacto store if value.
More...
I don’t think it has become a “defacto store of value”. It was supposedly created to be a currency but the buyers are treating it like a security. Tulip mania man…
 
It is not required to use bitcoin as a method of payment for a coffee, use fiat currencies for that

Bitcoin can buy fiat currencies

If you need $200 for a dinner, buy $200 worth of fiat with your bitcoin

If you're not in the US (like me) I can buy local fiat currencies with bitcoin in a matter of seconds

And you can even borrow stablecoin (i.e. usdt) against your bitcoin so you do not have to sell bitcoin



https://twitter.com/x/status/1717222105769496614
 
Last edited:
long said:
I don’t think it has become a “defacto store of value”. It was supposedly created to be a currency but the buyers are treating it like a security. Tulip mania man…
More...

Gold was originally used as a currency but you don't go around buying your coffee with gold coins.
 
You must log in or register to reply here.
Back
Top