SEC Says Spot Bitcoin ETF Filings Inadequate

[Baron]

Just shorted MSTR at $710

After doing some quick math I have around 1% of my portfolio short bitcoin ....will raise it to 3% if bitcoin crosses 55k and if it breaks new highs above 70k I will do 5%

The problem is that you still have not given any rationale whatsoever as to why you are shorting it other than calling it a "magical coin".

 

[semperfrosty]

The problem is that you still have not given any rationale whatsoever as to why you are shorting it other than calling it a "magical coin".

100%.

Also,you are seemingly oblivious to the fact that you could profit from the move from 45 to 55 and 55 to 75 all whilst keeping your shorting options open.

The more you spout irrational opinion,the more sure the reader is that you are a bitter FIMO(Fck,I missed out)trader.

The reality is that no one has missed the boat,the beauty of this product is in its volatility and seeming uncertainty.If it wasnt so,it would be gobbled up by the usual suspects and the rich would get richer.This is a unique time for the little guy.

 

[The_Krakenite]

The hype around a bitcoin etf is disgusting.

It doesn't seem that long ago, when perma-bears were saying that about BlackRock's new gold ETF.

Something I guess I learned in markets during my life - Even if you were to find a cure for cancer and wrap it up in an ETF, there will STILL be perma-bears shouting how... "That is disgusting! Nobody wants to live forever! That ETF needs to be shorted because it just has to fail!"

 

[Tokenz]

Even if bitcoin goes to 50k 75k 100k the drop will be epic. I'm not shorting with all my funds, I'm not like the fools who put all their networth into make believe tokens hoping to retire in 3 yrs nope. I'm slowly shorting. I was right on the 67k bubble, just too bad they didn't have instruments for me to short bitcoin in November 2021....

There is a fool calling for a 1000% rise in bitcoin to 500k.... last time forbes predicted bitcoin to 400k it collapsed over 80%

Shouldn't you short when we're at the top of the bull market rally? Why would you try to short at these levels when nobody even knows if we will come back down to these levels again?
Your stategy makes absolutely no sense.

 

[S2007S]

Just shorted MSTR at $710

After doing some quick math I have around 1% of my portfolio short bitcoin ....will raise it to 3% if bitcoin crosses 55k and if it breaks new highs above 70k I will do 5%

Under 650!

Iff bitcoin falls under 40k mstr will be under 500!!

 

[GlobalMacro90]

Just shorted MSTR at $710

After doing some quick math I have around 1% of my portfolio short bitcoin ....will raise it to 3% if bitcoin crosses 55k and if it breaks new highs above 70k I will do 5%

1%??? You obviously have no conviction then. Why only do 1%? So let’s call BTC @ 40k right now … if it goes to 20k your account makes just 1%? Even if it goes to 10k (ya right) you only make 4%

What is this, shorting for ants??