105 sats \ 6 replies \ @kepford 21 Mar \ on: Bitcoin ETF Circuit Breakers bitcoin
This is a great point and another reason to self custody. It will be interesting to see if the ETFs trigger circuit breakers, or as I call them rigging of the system. And, how much that affects bitcoin in the free trade market.
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124 sats \ 5 replies \ @kr OP 21 Mar
this one may be a bit of a stretch (i think odds are well below 10%), but i wonder if large Bitcoin-native exchanges will also be pressured to stop trading during extreme price volatility
after all, circuit breakers only really work if they stop all trading
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117 sats \ 1 reply \ @nerd2ninja 21 Mar
Is Conbase going down when Bitcoin price is going up not an example of that?
Well, they did that even before the ETF tho.
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126 sats \ 0 replies \ @kr OP 21 Mar
yeah that’s a good point, i was thinking about a government enforced halt, but their unscheduled platform issues have a similar effect.
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117 sats \ 2 replies \ @kepford 21 Mar
Yep. After all, we can't have this extreme free market activity going on. People might actually learn a lesson about risk/reward. They need to keep us believing that we need them.
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105 sats \ 1 reply \ @kr OP 21 Mar
it’s far too extreme for the boomer mind to comprehend
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209 sats \ 0 replies \ @kepford 21 Mar
What always cracks me up and must be honest, I get a ton of enjoyment out of this. Is when I'm with folks that think they are edgy in politics for whatever reason and they think they are gonna shock me. Without going into specifics it is fun to surprise them and see them realize how boring their views are. Usually this is around something to do with freedom.
The truth is most people are just not thinking. They are simply reacting at best. I was there for most of my life. Still have to fight it. Trying not to be a reactionary. Trying to question the stories we are told. The labels people try to affix to us. Freedom starts in the mind and that is the battle ground.
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