>SEC rejects Bitcoin ETF
>Price pumps +2%
Can someone explain this?
SEC rejects Bitcoin ETF
Gabriel Lopez
Ayden Hernandez
btc is the great middle finger to the sec
Luke Brown
fuck the eft it is a perversion to the idea of bitcoin to have a secondary market and futures on it.
Joshua Wood
Whales buying the liquidity provided by dummies dumping
Brandon Rodriguez
just because btc dumped when the last etf was denied doesn't mean you get free money shorting these ones.
Daniel Nguyen
>Can someone explain this?
Nothing to explain. It's all a game.
Carson Green
Whales do the opposite of what the market expects. Look at reddit and Jow Forums saying that its going to dump when the etf gets rejected, so instead retards tether up expecting the dump but it never comes.
The whales pump things up and people who tethered panic buy. Then the whales dump their bags on you for an easy 10% gain.
Its honestly sad how predictable this all is
Nolan Adams
last time it took 30 minutes for the news to sink in before the selloff started, and the sell off lasted for hours and hours
Jordan Phillips
A futures-based etf is actually bearish. It's the same shit as bitmex but even worse because it's cash-settled.
Wyatt Butler
The market is chaotic and nothing really makes any sense. Good news, market goes down, bad news market goes up. You’ll learn this after a while.