Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[BitcoinBunny]

Imagine if a country would actually invest that precious money from tax paying citizens in say... BTC...
but nah, it's better to stay broke, take more money every year and remain broke, print money, promise money you don't have to people who can't be arsed to lift a finger,
and be broke some more.

Unbelievable.

 

Inheritance tax take hits record £7.5bn after stealth raid by Hunt
https://uk.yahoo.com/finance/news/inheritance-tax-hits-record-6-072903165.html

[ChartBuddy]

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[Ambatman]

https://www.coingecko.com/learn/what-are-bitcoin-runes?utm_source=twitter&utm_medium=social

Wrong thread.Move to Trash.

Imagine if a country would actually invest that precious money from tax paying citizens in say... BTC...
but nah, it's better to stay broke, take more money every year and remain broke, print money, promise money you don't have to people who can't be arsed to lift a finger,
and be broke some more.

Unbelievable.

The issue is not really investing in Bitcoin but using the tax accrued for the citizens.
Corruption is becoming mainstream, is like what you order is different for what you get
Picking a government is something that should be done with utmost consideration
The success of an Economy still lays in the hands of the government.

[ChartBuddy]

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[DaRude]

The Bitcoin Runes Ecosystem


https://www.coingecko.com/learn/what-are-bitcoin-runes?utm_source=twitter&utm_medium=social

Any estimates on how much money they're hemorrhaging? Which VCs and names are backing up this silliness, so we can make fun of them later?

[DaRude]

GM Wall Observers, a small pump back to $66,000. The halving has passed now, hopefully GBTC selling is slowing right down now that they have created a new mini ETF with 0.15% fees.

GBTC outflows 35millions today:




They are slowing down.
The key assumption is liquidity. If the new GBTCmini has the same liquidity as the GBTC, then it will be a winner; otherwise, it's nonsense.
But the huge seeding is a step in the right direction.

If they seed it with BTC60k as they plan, that should provide plenty of liquidity as money makers just need to keep premium/discount to NAV to a minimum. Furthermore, with 0,15% fees they'll have the lowest fees from all ETFs (after teaser rates expire), so i'm actually expecting inflows to mini and outflows to the mothership.

This week should give us a glimpse of what it'll be like once GBTC runs out of BTC.

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[JimboToronto]

The Bitcoin Runes Ecosystem


https://www.coingecko.com/learn/what-are-bitcoin-runes?utm_source=twitter&utm_medium=social

Any estimates on how much money they're hemorrhaging? Which VCs and names are backing up this silliness, so we can make fun of them later?

What's not hilarious is the fact that they're attaching the Bitcoin name to this ridiculous bullshit.

Otherwise, comedy is comedy.

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[fillippone]

If they seed it with BTC60k as they plan, that should provide plenty of liquidity as money makers just need to keep premium/discount to NAV to a minimum. Furthermore, with 0,15% fees they'll have the lowest fees from all ETFs (after teaser rates expire), so i'm actually expecting inflows to mini and outflows to the mothership.

This week should give us a glimpse of what it'll be like once GBTC runs out of BTC.

I do agree, but I still yet have to figure out when this mini stuff will start trading.
The funny thing is that we are now grateful to them because they launched this very competitive product for 10% of the funds instead of being so angry at them because they refused to lower the fees on the remaining 90% of their stash.

[ChartBuddy]

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[OgNasty]

If they seed it with BTC60k as they plan, that should provide plenty of liquidity as money makers just need to keep premium/discount to NAV to a minimum. Furthermore, with 0,15% fees they'll have the lowest fees from all ETFs (after teaser rates expire), so i'm actually expecting inflows to mini and outflows to the mothership.

This week should give us a glimpse of what it'll be like once GBTC runs out of BTC.

I do agree, but I still yet have to figure out when this mini stuff will start trading.
The funny thing is that we are now grateful to them because they launched this very competitive product for 10% of the funds instead of being so angry at them because they refused to lower the fees on the remaining 90% of their stash.

It will be interesting to see what demand remains for the ETFs once GBTC is totally done selling. Most of what we’ve seen has been musical chairs with investors switching funds and that’s why the ETFs had such a huge launch. We need them to swallow another hundred thousand BTC from mtgox and then we’ll be off to the races. I still think the end of the year is when the fireworks will start.

[ChartBuddy]

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