Blackrock adds Bitcoin to their $15TR Global Allocation Fund, trillions of $ to flow into the market

johnarb · Jan 9, 2023

Pekelo said:
"And this year BlackRock chalked up another record: the largest amount of money lost by a single firm over a six-month period. In the first half of this year, it lost $1.7 trillion of clients' money. Jul 19, 2022"

I agree Blackrock is too dumb to not lose money when money printer stops, but they are smarter than their investors collecting 2% management fee on $10 Trillion is $200 Billion?

idk, i get confused too many numbers on the left side of the decimal point, I'm used to btc satoshis to the right side of the decimal

Overnight · Jan 9, 2023

johnarb said:
I agree Blackrock is too dumb to not lose money when money printer stops, but they are smarter than their investors collecting 2% management fee on $10 Trillion is $200 Billion?

idk, i get confused too many numbers on the left side of the decimal point, I'm used to btc satoshis to the right side of the decimal

Well, you'd be keen on the JPY/USD thing. 6J I think it is on CME? Like 7 digits to the right of the decimal point. The fack that thing is, lol!

Pekelo · Jan 10, 2023

johnarb said:
idk, i get confused too many numbers on the left side of the decimal point,

You shouldn't be after all isn't a cup of coffee is like 0.000254 BTC? How do you know you are not paying 10 times more than needed? Ah wait, nobody is using BTC for payments...

johnarb · Jan 10, 2023

Pekelo said:
You shouldn't be after all isn't a cup of coffee is like 0.000254 BTC? How do you know you are not paying 10 times more than needed? Ah wait, nobody is using BTC for payments...

The bitcoin wallet can display the payment in $ and satoshis. Try it

NoVoodooHere · Jan 26, 2023

ktm said:
BlackRock didn't say they were long, just that they have "added it".

LOL

NoVoodooHere · Jan 26, 2023

The_Krakenite said:
If BR tries to corner the market it will end very badly for them. It will be similar to the Hunt brothers. Don't be surprised if the 'great revolt' by retailers happens, and the old BTC is forked for a new in a great re-set if you push too hard. Only this time, those holding the old BTC wont be entitled to the new fork without paying a floor base.

The house always wins - Niederhoffer.

sooooo
the next 21 million, then?

Sprout · Jan 27, 2023

johnarb said:
Blackrock added Bitcoin to their $15 Trillion fund but it's prolly nothing because the people at Blackrock do not know how to research and most if not all of them are stupid moronic idiots

Then you have Citadel on the other side naked shorting it with no repercussions nor accountability.

#citadelscandal

johnarb · Jan 27, 2023

Sprout said:
Then you have Citadel on the other side naked shorting it with no repercussions nor accountability.

#citadelscandal

Yea, crazy earnings, it's almost criminal how Ken keeps on getting rich, oh wait, something something, halted gme, amc, buying, only allow selling....

almost wants to make traders seek out non-US markets like metals, London merca..., oh wait, something something halt and reversal of trades

but yea, crypto markets are immune to that, oh wait, something something FTX...

Anyway, prolly nothing

By the way, have you thought about the defi solutions available? volume and revenues of dexes are on the rise, as if displaced crypto traders do not trust cexes no more

And personally, defi crypto banks are the only ones I would trust for getting a loan backed by crypto collateral, none of them had any issues throughout this whole cycle, compared to just about every single cefi crypto banks almost all of them went bankrupt, only a few left

https://twitter.com/x/status/1618317834458910727

Sprout · Jan 27, 2023

johnarb said:
Yea, crazy earnings, it's almost criminal how Ken keeps on getting rich, oh wait, something something, halted gme, amc, buying, only allow selling....

almost wants to make traders seek out non-US markets like metals, London merca..., oh wait, something something halt and reversal of trades

but yea, crypto markets are immune to that, oh wait, something something FTX...

Anyway, prolly nothing

By the way, have you thought about the defi solutions available? volume and revenues of dexes are on the rise, as if displaced crypto traders do not trust cexes no more

And personally, defi crypto banks are the only ones I would trust for getting a loan backed by crypto collateral, none of them had any issues throughout this whole cycle, compared to just about every single cefi crypto banks almost all of them went bankrupt, only a few left

https://twitter.com/x/status/1618317834458910727

The only active one is Camelot on Arbritrum, stepped away from the whole space, back to the ES for me.

https://twitter.com/x/status/1619015202531594240

johnarb · Jan 28, 2023

Sprout said:
The only active one is Camelot on Arbritrum, stepped away from the whole space, back to the ES for me.

I wish you the best in your trading of ES and tradfi and hope you'll come back to cryptos once we have a solid and sustainable bull market

Outside of trading and short term investing in crypto assets, a non-0 holding of bitcoin.... for long term... stashed away.... just in case