Crypto Megathread v35 - The SEC will let me be

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Im starting to shift and share this dudes sentiment more or less

the metrics are showing tepid demand from institutional buyside at this point and a shakeout is occuring. time is on the whales side too as the longer the whales just sit and act like bitcoin sucks the more panicked the retsil side gets and then once they reach their preferred target....bam .... they dive in 2 or 3 months of this


i reserve the right to be wrong of course i got in after the last cycle
 
BluntForceTrama said:


Im starting to shift and share this dudes sentiment more or less

the metrics are showing tepid demand from institutional buyside at this point and a shakeout is occuring. time is on the whales side too as the longer the whales just sit and act like bitcoin sucks the more panicked the retsil side gets and then once they reach their preferred target....bam .... they dive in 2 or 3 months of this


i reserve the right to be wrong of course i got in after the last cycle
Click to expand...

That’s a bad take
 
I got a cynical question for someone here ....this point gets raised emphatically that bitcoin and crypto is hugely popular outside of America, some even state supported....Hong Kong now initiating an ETF and all these other countries will follow suit yada yada

So if this is true, why does the price of cryptos seem so heavily dependent on buyers (imstituional/retail) withim the USA? I get thet we have the wealth but collectively we seem to be the only ones making a dent. Anyone?
 
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BluntForceTrama said:
I got a cynical question for someone here ....this point gets raised emphatically that bitcoim amd crypto is hugely popular outside of America, some even state supported....Hong Kong now initiating an ETF and all these other countries will follow suit yada yada

So if this is true, why does the price of cryptos seem so heavily dependent on buyers (imstituional/retail) withim the USA? I get thet we have the wealth but collectively we seem to be the only ones making a dent. Anyone?
Click to expand...
Because our economy is so astronomically large compared to the rest of the world
 
Rob Battisti said:
Because our economy is so astronomically large compared to the rest of the world
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Yeah i dont know but Id love to see the current stats on global crypto purchases

Collectively, I wouldnt expect to see this much disparity I know heavy buyers are in india and china and there are some rich **** over there
 
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BluntForceTrama said:


Im starting to shift and share this dudes sentiment more or less

the metrics are showing tepid demand from institutional buyside at this point and a shakeout is occuring. time is on the whales side too as the longer the whales just sit and act like bitcoin sucks the more panicked the retsil side gets and then once they reach their preferred target....bam .... they dive in 2 or 3 months of this


i reserve the right to be wrong of course i got in after the last cycle
Click to expand...

some kind of buy cycle sell narrative is it? Well I'll have to get my weston 1928 to deal with the likes of this
 
Forget the mother of all the golden bear, this is the God of Gods bear markets from hell multiplied by infinity x 2. Even Chuck Norris cannot save us from this one. Que Dios nos pille confesados.
 
BluntForceTrama said:


This is my guy His TA is elite
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Naa

The bad news

Grayscale dumped a ton of bitcoin
For the 8th consecutive day, Grayscale transferred an additional 18,500 Bitcoin to Coinbase.
The good news

The majority of the sell-off involved FTX, which has now completed its sales, offloading around 2.5 million shares daily for 8 days.
Additional positive news: Despite the GBTC (Grayscale Bitcoin Trust) sell-off, there has been a net inflow of $1.1 billion, equivalent to 28,000 Bitcoin today.
Growth observed in the FBTC (Fidelity Bitcoin Fund) - faster than Blackrock.
 
Rob Battisti said:
Naa

The bad news

Grayscale dumped a ton of bitcoin
For the 8th consecutive day, Grayscale transferred an additional 18,500 Bitcoin to Coinbase.
The good news

The majority of the sell-off involved FTX, which has now completed its sales, offloading around 2.5 million shares daily for 8 days.
Additional positive news: Despite the GBTC (Grayscale Bitcoin Trust) sell-off, there has been a net inflow of $1.1 billion, equivalent to 28,000 Bitcoin today.
Growth observed in the FBTC (Fidelity Bitcoin Fund) - faster than Blackrock.
Click to expand...
Now we wait for the impending mt gox btc dump in the coming weeks
 
Rob Battisti said:
Naa

The bad news

Grayscale dumped a ton of bitcoin
For the 8th consecutive day, Grayscale transferred an additional 18,500 Bitcoin to Coinbase.
The good news

The majority of the sell-off involved FTX, which has now completed its sales, offloading around 2.5 million shares daily for 8 days.
Additional positive news: Despite the GBTC (Grayscale Bitcoin Trust) sell-off, there has been a net inflow of $1.1 billion, equivalent to 28,000 Bitcoin today.
Growth observed in the FBTC (Fidelity Bitcoin Fund) - faster than Blackrock.
Click to expand...

Yep, should bounce imminently. Worked out real well for the ETFs, FTX dumping $1 billion in bitcoin. I wonder if they knew this was going to happen ahead of time.
 
Crazy to think how bad the drop wouldve been without the ETF inflow, take solace in that

We are so close
 
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