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🤡🖍️ is upset with being called out angry at the fundamental adoption with the ETF launch! You’re an angry clueless type and you have missed the points of how Bitcoin is unfolding with regulation. You definitely would know what juvenile behavior is, just look at your portfolio post your calls…
😂
💰💰💰🚀🚀🚀
Don’t frown 🤡🖍️! You missed this entire move while the rest of us made big bank!!
Once the quiet period is over shortly for the newly listed ETFs, their marketing starts! You wouldn’t understand that with your lack of fundamental understanding!
Hahaha
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100% CORRECT!!!
ap You As Usual and Dead Center Right!!
Fuzzball and 🤡 🖍️ are so wrong and we’ve made bank and will see a killing made ahead IMO and laugh at these chump change wannabes as we do now!!! Amateur calls and missing the major play!!
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Right on steez!
The Daily Hodl
Anthony Scaramucci Says Latest Bitcoin Correction Fueled by Grayscale (GBTC) Sell-Off: Report
Alex Richardson January 14, 2024
Skybridge Capital founder Anthony Scaramucci says that Bitcoin’s (BTC) recent correction is likely due to investors selling off their holdings in Grayscale Bitcoin Trust (GBTC).
Shares of GBTC were converted from a trust into an exchange-traded fund (ETF) after receiving approval from the U.S. Securities and Exchange Commission (SEC) last week.
Scaramucci says that his trading desk reported that GBTC holders booked losses on their shares in order to hold ETFs with lower fees, Bloomberg reports.
“There seems to be of lot of selling of Grayscale.”
The hedge fund manager also says that the estate of former crypto exchange FTX, which went bankrupt after a dramatic collapse in late 2022, took the opportunity to sell off its holdings during the hype of the Bitcoin ETF approval. Although BTC has been selling off in the last few days, Scaramucci thinks that the situation will change in about a week’s time.
“The second thing we are seeing is the bankruptcy estate of FTX is unloading into the ETF announcement… There is a heavy volume of selling in Bitcoin right now. I do expect the supply overhang to be done in the next six to eight trading days…
One last thing, there has been a quiet period for Wall Street. Wall Street has not been able to market these ETFs and that will start in about eight days as well.”
At time of writing, Bitcoin is trading for $43,039.
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A Gift 🎁 is where this settles!! IMO
See you at the end of the year.
That’s what makes markets.
Yes on the CME definition of what took place. It’s a different approach with the firms and their respective publicly traded ETFs both from regulatory to limit positions on trading and so forth.
Much different than a listed exchange where they trade of off and utilizing their internal pro trading and arbitration desks.
This listing leads to separate publicly traded ETF companies all competing with each other. Key!! Those that go to manipulate could be charged, sued or worse! Full disclosure of a separate set of multiple ETFs and that is much healthier than the way things are now.
Adoption for investment by many vs. the current model…no comparison.
Thanks Man so and the Best to You!!
💰💰💰
Delusional is being polite!
He’s clueless on domestic and international adoption by way of the ETF.
Look at gold’s ETH in size and scope as a prime example! He’s never managed a massive trading desk and doesn’t have the mindset to do so! He thinks some of the firms are going to manipulate pricing, well there will be so many deep pocket ETF’s and many other significant types operating in the market, that it balances and if a major short or just a paper game is played, the firms doing it, can get whipsawed and the manger(s) of the respective trading desks will have mandatory rules in place they will follow, for the ETFs are frickin listed and this moron and his ilk are clueless idiots! Yes clueless because they are amateurs! Listen Well…
Any real pullback post an ETF launch will be a solid gift! SEC rules based ETH opportunities for investment from all types of investors will be astounding over the months and years ahead. Patience and Enjoy the long term position. The key we will hopefully see, is the ETH launch and institutions and retail being able to buy it in all types of accounts. Fuzzball and his inane ineptitude thoughts has missed the mark again by being the amateur investor he truly is (never a market maker, floor specialist or such in the business) and doesn’t see what’s truly developing.
His tulip bulb mental theories remind me of his lap dummy’s 🤡 🖍️ blather…
Laughable 😂😂😂
While we’re making Bank and much much more to come! Buy the dip and enjoy the rip!!
Hey ap, KICK and Friends…
Happy Sunday!! 😎 ☀️
💰 💰💰 🚀 🚀🚀
IMO
Thanks Bro!!😎
Let’s enjoy this weekend!!
GO BITCOIN AND GBTC$$$
🚀🚀🚀💰💰💰👋🏻
Right on Buddy!!
BITCOIN AND GBTC!!!
Dips add…Rips 🚀 🚀🚀
Enjoy 💰💰💰
You’re welcome KICK! Major powder loaded up all over the place is right!
Any major dips are a gift, if they take place…but if so, adding on!
Hey There ap and Our Friendly Longs…these two are a pair of tax shelter creators! They missed the boat and can’t recognize this product or the market. I would be angry too if I missed this huge move and lost money, but News Flash… We didn’t, along with the other longs!!! HAHAHAA
💰 💰 💰
Been there and done that and way lower too! Still adding!
As KICK said so well…
LET’S GO!!
Thanks Buddy!! 👋🏻
This is not rah rah, this is assault north!!
Dips are Gifts!!
The court has ruled in favor of GBTC!!
Get It!!
Gensler can’t take another court case or enforcement of same from the court or
…drum roll… 🥁
BR, BEN, FIDELITY, ARK and so on…headed to court!!! Memories are long on Wall Street and when he and the board of the SEC change up in the future, they can’t piss off these firms with no legal standing to do that as proven in the GBTC case.
Period!!
Goldman is now on board too!!
Smell the rich 🤑 coffee ☕️ aroma!!
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For Sure!! Thanks Camp!!
The old trading saying, “don’t fight the tape!” Is so applicable here!
Any dips are a gift for accumulation IMO
and this is reviving up into Full Beast 👹MOMO Mode!! Daddy like E!
💰💰💰😂😂😂
I’m still laughing! Thanks KICK, As Always Buddy and to All Longs!! Any dips are gifts to add for the Rip ahead!! Shorty is getting roasted and sidelined minds, well, all I can say is Hahaha!!
It’s not too late for the ignorant to wake up!
🥂🎉💰💰💰
Hi ap and Thank You Sir! Happy New Year to You as well! Fuzzball thinks he’s so experienced and a Pro…haha, an absolute amateur pretending he knows this product! Seen a ton of them and been around longer than hearing his constant Bitcoin bashing and adolescent dream when he predicted Bitcoin is going to $2K!
Anyone that listened to him Lost A Bundle, Conversely, Anyone that listened to you, or other kings in the board, Weed, Kick and many others, or if I may say myself too to add to long positions to buy the dip and enjoy the rip…well those that listened to our thoughts is making Big Bank!! Those that listened to Fuzzball and the shorty morons lost and cost a lot of money to those gullible enough to listen to their ignorant posts. Chump change advice from kiddie portfolio traders!
Long and Strong!! 💪
Best to You ap and All the Longs!!!!
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Hahahahahaha 2024
Buy the dip and enjoy the rip!!
Shorty Gone Crazy!!!
A New 2024 Infomercial!!
Sorry shorty, the Longs Are Doing Fine!
How’s that new 2024 tax loss working out for You?? Hahaha
While we’re making Bank!!!
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ap, your facts are correct and the real losers are those not long!! Happy New Year and to the Longs!! Shorty, the sideliners, morons, the scared, those that can’t pull the trigger to buy and stay long and to the idiot fuzzball types….
Hahaha 2024 is off to a nice start for US and definitely NOT THEM!!!
Who’s buying, hmmmm
There’s some fun to start the year!
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This dude pops up like a skin rash who knows nothing! He’s Not even in Bitcoin by his own admission or short (which he probably was 😂😂😂) margin call Sir!!
He’s missed this entire market run with negative calls, while those of us long and strong (and those like myself am who have pounded the table to add on dips!) have made out great! Jealously is the sense I get and you can’t teach those who don’t understand this product or its future!
Who cares about him, he’s angry at Bitcoin, us and who knows … or cares!!
This has lots of power and legs ahead!!!
I know guys at BR and they are putting this high on their agenda with customer long interest! As the FED lowers the rates and the ETFs come on…predict Bitcoin will have the screaming me mees!!!!!!
Post It!!
IMO
You hit the target!🎯 💰
No smoke…on fire 🔥
Those cheapies were fun picking up!!
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You got it Weed!!!🚀🚀🚀💰💰🐞
They should have listened to you My Man!!
They’ll see!!! Any dips are cheapie village!!
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Weed, Forces are lining up with you!!
Dips are buys and getting cheapies from the losers!! You’re Right and beyond!!
Soon!!🚀🚀🚀
In a little bit of time brother! My hedge buddies are buyers and NOT SHORT AT ALL!! This was a trip trade where the rug was pulled on an over leveraged account with other positions (other crypto) with Bitcoin put up as the collateral. They slammed the thinly other crypto and cleaned out their Bitcoin cheap. Otherwise, it wouldn’t have trade back north! Retail doesn’t understand this because they are basically stupid and miss markets without knowing or researching trades. Charts are an after affect! Do you think BR, Fidelity, Ark, GBTC and other Godzilla Creatures could care less about retail and their charts! They ARE the street!! Those num skulls don’t get it!! Go Time A Coming!!!
They can smell our exhaust from the Ferrari!!!🚀🚀🚀🛸🛸🛸💰💰💰
Weed, you’re sharp and on target! Those not in Bitcoin on either side of the trade should stay in the bleachers and not on the field…These morons missed the dip buys! Adding more on dips, with lots of hedgie dry powder you shortly weaklings!!
The rocket is loaded with new fuel!
The dip moved position from weak hands to strong! Who Bought? Why is it trending north? That’s why retail is chump change broke and misses moves! Amateurs!
Scared! All mouth! They don’t step up!
Kick, you know Floridian Power, Coast to Coast!!
Did Chase buy their position for their desk? These guys do stuff as others to take cheapies in before the ETFs hit the beach!!! Flamethrower the shorts!!
The smell of napalm in the morning!
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Hey Mikey,
I totally agree with you! I know for a fact there is a private crypto meeting of major importance starting this weekend in the zone you are mentioning. This is just starting. Wait till the shift of capital for diversification from dollar denominated assets and gold deposited in central banks for foreign nations into Bitcoin…it will be shocking to the universe of investors and that will usher in waves of copy cat investors of size and all types…
This is just what happened historically to gold in 1970s in its adoption phase and inflation taking off. Where do you go with bars of gold if bags of coins to protect your wealth and as a foreign nation of investor when looking at the US for safekeeping, the risk is on the investor and the trust and belief there won’t be confiscation…I believe there will be massive diversification and historical events are unfolding day by day in front of us! Only the wise can adapt as a futurist and make moves today. This is not hype, but fundamental change in the making!
IMO
So many Pro firms with deep pockets lining up for their ETFs … who could be dumb enough to listen to chump change morons or line drawers when compared to so many major players who have applied for their respective ETFs and who could transition Bitcoin further into international vehicle as a storehouse of capital with massive fundamental adoption on the horizon. This is not hype, because these players that have entered into this is just the beginning one the first ETF or ETFs are approved. A portion of capital by managers will be allocated to the Bitcoin ETFs because of its performance. Period!
How many are kicking themselves that they didn’t buy the dip and enjoy the rip or instead those that flipped out of Bitcoin for a scalp trade, who missed getting back in!
A typical traders problem. Small taxed trades and not massive gains! Think before short swing trades. Get ready for a great 2024! IMO
Agreed!
Yea and that’s for sure…
Smokey the Bear(s) Got Smoked!!!
https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Ftse1.mm.bing.net%2Fth%3Fid%3DOIP.BNe863qRGX9LpH7KLABuBgHaEo%26pid%3DApi&f=1&ipt=d273ba674c61fce232659ee0f212b673709aa9f2157e773d6612e60305aaa170&ipo=images
Hahahaha
You forgot to add when you got home from fishing, it was another can of worms awaiting you!😳
I agree and there’s no hype to any comments here. It’s the change a coming!
It’s Amazing! He forms a crypto trading desk and knocks a product that competes with his token. He claims his token will be doing $10 billion a day in transactions after it rolls out. Think about that!
Why would he/the Fed and other money center banks want a competitive open worldwide product like Bitcoin, Because They Can’t Control It!! It’s so obvious!!
You have Senator Warren helping him and the other banking members.
You want freedom and a real electronic storehouse of value, it’s Bitcoin! IMO
$10 billion dollars a day…so says Dimon of his token projections…Think!
Thanks Taper! A very informative article!
I absolutely concur with your acknowledgement that this era we are in, is beyond what most understand with Bitcoin. I too am very successful and can’t have an in depth discussion with most all the people I know, from those with Uber wealth to those worth many many millions, to those that have $5K to invest…but when the topic of Bitcoin comes up…except, they most all agree for some diversification in Bitcoin makes sense through Fidelity or better yet an ETF traded in the US. Most all of my friends have indicated they’ll put some capital to work in this area once the ETF(s) commence trading. I try to drive them crazy with BTC price movements and articles…I get a lot of groans and friendly jealousy. You hit it dead center! They won’t touch the coin, miners or Coinbase.
The ETF is what they’re waiting for.
I believe Fidelity has a high net worth division that has a desk for Bitcoin and safekeeping already setup, fyi.
When this becomes easy to buy and of course, SEC regulated, then it’s going to sponge money in and into Bitcoin from Institutions, Sovereigns, Hedgies, Arbs,
B/Ds, Individuals, IRAs, 401Ks, Individuals and on and on. I know this side of the business cold. There will be huge short traps and investors on the sidelines will come in to absorb large whale positions. The massive overhang will be bought out into institutional long term hands…
Gee, BR, Fidelity and so forth…
IMO
POST THIS and MIKEY’s POST FOR A HISTORICAL MOMENT COMING!
Thanks Mikey! That was a better clarifying article. Either way, once the ETFs list, which I believe they will, then a sea change event transpires. Additionally, the miners equipment will constantly have to be upgraded and energy costs, etc. hitting their bottom line. I’m truly enjoying the unfolding of this modern day story.
I agree with you with baseless pumping too!! 100%
We’re fine and on the same side of the trade. I’ll find some other solid links for the board, not hype. Wishing you well!