The volume is astounding….i have never seen this kind of volume on eth, ever….i watch on coin cap and the volume reported is $37 billion in the last 24 hours

lol, whatever I quoted directly from your post….man why don’t you just admit the commentator made a mistake, a big one albeit….you should proof read the stuff you post cause it makes your posts look weak when massive erroneous information is included in them….just saying to help you have better credibility

What???

“One of the most underrated aspects of the Ethereum ETF approvals was the classification of Ethereum as a security.”

Posting stuff that contains such incorrect information really diminishes the value of the post. ETH was determined to not be a security?

Looks like a flash sell off just after the retarded coma president announced he dropping out….then a quick snap back…..very bullish….Trump 2024, crypto will roar….

I hope it does base around here before any further advance…this is unsustainable, could start to see some clonkage as a matter of fact….it has been breathtaking!!!

Is it official, did we hit an all time high today?

CBDC would get converted just like xrp gets converted. I was using the big short example not to say scenario 2 appears to be a default credit swap, just that the scenario appeared to be some crazy type of synthetic asset that is a far out of this world to understand. As far as xrp being used to launch CBDC, now your finally on to something…I guarantee that will happen, your other 2 scenarios will not. IMHO…..

Look man I’m not bright enough to understand scenario 2. It sounds like a synthetic debt instrument, just like the ones that were undertaken in “The big short” (you know this asset is securitized and it becomes that asset, and then that asset is securitized again and becomes another asset, and so on and so on and so on) I can tell you though that Scenario 1 makes zero sense because if you have a CBDC you don’t need xrp for cross border payments, you just send the CBDC and it either gets converted to local currency (just like if you sent XRP) or it stays in whatever the native currency of the CBDC that is sent. Xrp is not a stable coin, will never be a stable coin, but that doesn’t mean it won’t have utility…

Well there is a limit if it’s stable to a certain asset and the limit is the value of the asset. So with xrp, for example, I can see it having utility in the trade finance world, which is worth Aprox $20 trillion USD annually so if xrp were to become the sole medium of exchange in trade finance then its market value would theoretically be 20 trillion. But that wouldn’t make it a stable coin, it would be a utility coin.

Well ok, I still don’t understand but I’ll play along for a bit. A stable coin by definition is stable to some other asset, mostly fiat currency. What is the other asset that the world bank is considering xrp/xlm to be stable to???

Oh really? What is the world bank currency right now? I’m a little lost in your argument I have to admit…

So what are the implications? Does this cap the upside to $1 usd? Stable to what I guess is the question.

Yes, I told one of them that a spot btc etf is not a new thing, they’ve been available on the Canadian markets for a couple years now. But I was told that the “BIG” money would move in because the USA was where it was at. Well, looks like they were wrong again…

Why would you even be listening to a talking head like him? I never know what he says cause I don’t listen.

Clueless to what??

Quite possibly etf approval was priced in to btc and now eth catching up because an eth etf is now inevitable. I also believe that eth has significantly more utility than, although btc has the crown for being the first.

Sorry I didn’t understand a word you just posted. When you say blockchains do you mean BTC?

Seems the btc ETFs were more positive for eth….

Good job pumpers….i told you that an ETF was a non factor because they already exist in the world (see Canada)…now these ETFs will eventually attract enough capital that it should move the price, but that could be a long time from now.

Sorry you confused that for analysis….its a statement

One thing is certain, based on the manipulations and shenanigans that go on with Bitcoin, it is undoubtedly going to be worth a lot more in the future. This whole SEC fiasco with the btc etf is exhibit A

Yeah you bought hive at the bottom of this current cycle. Great call. Missed your analysis while you were incarcerated (a rather long sentence this time) I had to listen to all the one sided pumpers pumping without any balanced analysis. Welcome back!

Haven’t seen any of you pumpers talk about this. Did you know that a new accounting change will take effect in 2024 that allows operating companies to hold bitcoin on a FMV basis as opposed to an intangible asset? This will open up the ability for operating companies to hold bitcoin as part of an overall treasury management strategy. This has the potential to significantly increase corporate holdings of BTC. Here’s MicroStrategy CEO explaining why operating companies should hold Bitcoin as part of their treasuries.

I don’t think so, you need to get your quotes from a more reliable source.

Sure let’s reset, but just know I can’t stand baseless pumping and when I see it I call it out…we’re both long so we do have something in common…..that’s a start

You’re so intimidating, wow….ive never had to deal with a bully like you…lol, well maybe once or twice….keep talking you keep showing the board how much of a moron you are. I’d go as far to say a CLONK DONK…..

No I saw you say you liked an article that claimed Bitcoin hit $100,000 after the news of the “investment”….great due diligence, not

What productive like you spreading and liking mis and dis information? Great contribution pal…

No sir, happy happy happy….but I call out bullshit posters quickly….i guarantee i got more ln crypto than you’ll ever own,…believe me

lol, now your writing the article…..oh my god, shameful. Pa rump a pump pump….firing I guess for this time of year….OTFLMFAO

Are you a moron? I told you I’m looooonnnggggggg. Didn’t miss a thing….i just don’t like pumping and it seems that’s all you do….shameful

Why would you like something that has patently false information attached to it? Don’t you think it makes all the info suspicious? There were some other “inconsistencies” that were very evident as well. It’s all about the pump eh…where nowwhat when you need him…lol

Did you read the “article”? Says Bitcoin hit $100k after the announcement…lol….

Well we agree on holding long for sure…best of luck to you too

He’s in jail again….

Well I kinda agree, but on some points disagree. Yes there is no arguing that us capital markets dwarf all others, however any sophisticated institutional investor will put their money anywhere in the world if they think the asset will increase in value without much consideration of tax implications/foreign exchange issues etc…so the fact that ETFs are already available kinda mutes your theory. Don’t get me wrong, there will be max hype around the approval of one of those etfs and that will impact the price, but it will be short lived.

You kinda sound like all those marijuana investors of yesteryear, wait till legal hits Canada they said, big institutional money is waiting on the sidelines to jump in the moment that legal day comes…well guess what that legal day came and no institutional money piled in….so just because you think an event is going to attract the institutional dollar, doesn’t make it so…it’s speculation on your part. I have learned through many years that something so obvious as to speculate that big money is gonna hit this or that, usually the reality does not match the speculation. BTC is going to go up in the long run, just not when you expect it to happen.

Serious question for you. Why do you think a spot ETF is going to change the dynamics of the price of bitcoin. You do know that these products already exist and can be purchased by anyone, anywhere already. What makes these potential ETFs so special?

Missed what I’m long my friend….since $4000

When the clonk donks get giddy like this, the price is sure to collapse….hope I’m wrong but there’s too much chatter from the donks…..

Because they already own 40% and can get the rest for nothing…cut a deal with the banks where they get Pennies on the dollar for their debt…or maybe they just let it die…who the F*** knows….