BITCOIN ETF, DOES THIS DUDE KNOW WHAT HE IS TALKING ABOUT?
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>listening to a non-white
Sage
Yes. And don't forget to buy salt up to $25 ;)
Would an ETF even be a good thing at this point?
Yes dumb fuck
not really, when nobody buys in muh institutions will be exposed as a fucking meme
How has the SEC not buttfucked this pump and dump group yet?!
But what if they do bro? We gon be rich nigga
I don't buy his comparison with futures. People didn't give a fuck about the futures, it was just price discovery by normies and boomers finding out about btc
Teeka has such a relaxing voice. When crypto finally goes to zero he's going to have a great second career as a narrator for children's audiobooks.
Notice he keeps moving the goalpost, first we were going to rally in may, then it was consensus that was gonna do it, now it's etfs, each time he ramps up his predictions for near-term bullish outlooks. He has to keep upping the ante to keep his anxious, retarded followers complacent so they don't sell him out to the SEC.
unironically bullish af
>vimeo.com
bears on suicide watch
yes if you're a normie trying to short
not a bear, but teeka is gay pump and dump permabull who's just as retarded as permabears. We probably are near the bottom IMO but don't really see much upward movement til at least 2019, ETFs or no.
I'm bullish longterm but 60k eoy is as probable as 4k
also this, he's been talking about etfs for a long time and now acts like it's some ground breaing thing, same with coinbase custody solutions etc
I hope so, got 150k from a medical settlement that I wont get till sept or oct. I want this bear market to draw out for as long as possible.
It's fucking huge. ETFs open the door for traditional funds to start carrying a little bit of crypto as a hedge. It's an uncorrelated asset that looks more and more attractive the longer the stock and housing markets keep bull running, as there will be an inevitable reversal eventually.
Total asset value of retirement funds in the US is $26T, for instance. And I can't remember, but $1 of investment in crypto raises the cap by what, 10-20x that amount right? Imagine retirement accounts diversifying to include just 1% BTC in their spread. That could easily pump the whole market to .01 * 10 * 26T = 2-3 Trillion. And that's just in the USA, and just retirement accounts. Imagine 1% of all traditional investment money globally getting into BTC. ETFs are legitimately the key that makes '20T by 2020' a reality.
I would honestly consider pulling out a loan, as much as you can safely afford, and going all-in BTC the microsecond SEC greenlights CBOE ETFs.
DIS IS GEREAT.!
Why not buy GBTC instead? How is an ETF of Bitcoin different?
Anyone remember Teeka's April 2nd prediction? I remember. He's a fraud.
you guys have been saying ETF since october
hello sir can i store ETF on mytherwallet? tks
> new fag detected
Longer idiot. They’ve been denied by the sec multiple times now for years. Next time they’re going to get approved.
So if this happens will the whole market go up or only BTC?
if btc goes up the whole market goes up right?
>Notice he keeps moving the goalpost
ETFs from CBOE are actually huge if they get approved. Tikka wouldn't be the first or only one to tell us this though so he's not some prophet.
>when nobody buys
adding btc to an etf will legitimize btc in the eyes of boomers. no one over 50yo is going to be dicking around with coinbase/binance to buy crypto, they're going to buy directly from their investment account because the internet scares them
it's like the futures all over again, nobody fucking cares about them
I don’t know
people and fund managers that are interested in having total market exposure will add some of this etf to their portfolios if it becomes a thing
Yeah I agree with this sentiment. I need to escape the drudges of wage slavery. I want this real bad
DIE FUCKEN BEARS
this bald faggot better be right. i'm tired of sitting on my ass all day waiting for this bullrun and i'm not getting any younger.
>the price is high now so it will get approved for sure
If btc goes up the fortunes will spill over to alts like it did last year.
Think of it like this, BTC is the beer and ALTS are the head (foam).
>vimeo.com
pajet
were mistakes made while samefagging or something?
Which would go up more though?
alts because they're all traded against bitcoin
Dont forget to sell at $100,000 faggots
Why
Because it will dump to 40k, just as it always does after a huge bull run.
But what is so special about 100k other then it is a round number?
Holy shit I think he is actually right
Why
he made the claim that he predicted the bullrun back in July last year, anybody got any proof of this?
because if not, then it's hard to believe the rest of the video
A SEC approved ETF market would actually bring back the normies and investor money. Guaranteeing insurance would make it possible for pension funds and what not to diversify into bitcoin.Of course the largest gainer of this would naturally be bitcojn, (which with lightning implemented would probably become useful again as a currency but probably not, will just be adopted as the new gold) but anywho imagine that 40% of the new investors divest into Ethereum.Eventually 70% of all of them will buy into alts. Either way if BTC reaches a new ATH the media circus will come back and all money will flow in.
Ok but can we really believe him that the etf will actually be approved?
Man PBC is supposedly a big thing but I really don't know. just the fact that the CBOE is trying is already an incredible sign.We ll just have to wait I guess crypto remains as risky as it has always been
Thanks dude. One last thing. do you think I should sell my alts for btc or could alts outperform btc even if the etf is approved?
If this is true like he said in the video BTC should gain about 10x from here .
Alts are obviously riskier but more prone to actually go parabolic.I can't in good conscience educate you on where to risk your money mate. If you want a safer investment go full on BTC if not stay on your alts
>pension funds buying shitcoins
peak fucking delusion
Pensions diversifying into bitcoin isn't that farfetched
*A sec regulated ETF bitcoin market
I wouldn't buy the second it gets the green light and if you do, sell when your in profit. It will unironically dump shortly after. "they" will still want cheap BTC. Then it will rise when "they" are ready.
We finna be rich nigga*
HOLY SHIT BROS HE SAID THEYRE USING LINK FOR INSURANCE
Seriously though I am surprised this dude is so confident in his prediction of etf approval. Wouldn’t he lose all credibility if he’s wrong? Do you think this means he’s right and it will get approved or do you think he’s just so desperate he would risk his reputation?
BITBAY SILK ROAD v3 WE FINNA BE RICH NIGGAS
I actually think it is more far fetched than it might seem. What fucking fund manager will be willing to explain why he has traded other peoples valuable, trusted fiat currency for imaginary fucking internet money.
If there was suddenly a flood of institutions racing each other to the top, that would be great, but those guys all think it's fucking bullshit and the problem for us is that it is fucking bullshit.
I think at that point it wouldn't matter that it is internet funny money. They're just going to show everyone how year over year BTC has been going up, it's the new digital gold, etc.
It's just another asset to diversify your portfolio as part of the diversification meme. That's all.
I thought the idea was they would only be putting a very small percentage for diversification so it’s not like they’d risk their whole portfolio. But 0.5% of billions or trillions of dollars is still a lot of money
Nope
praise based pajeet
Shit talkers will unironically shit the street
no stop loss
let the game come to you