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43 sats \ 9 replies \ @grayruby 5 Aug \ parent \ on: Japan stocks plunge 7% econ
Let’s see what these etf buyers are made of tomorrow. They held up pretty well when bitcoin dipped on the German gov selling but the market was doing well. Whole different ball game if the market is crashing.
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50 sats \ 8 replies \ @Satosora 5 Aug
There will be a huge exodus in bitcoin tomorrow. They will all have to sell because of the bitcoin price, right?
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20 sats \ 7 replies \ @grayruby 5 Aug
This is what I am interested in seeing. Are etf holders going to get spooked and sell or buy the dip.
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20 sats \ 6 replies \ @Satosora 5 Aug
They dont have a choice, right? The etf will sell because the price has gone down? I see the people in etfs as having weak hands.
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20 sats \ 5 replies \ @grayruby 5 Aug
The etf will only sell if the shareholders sell. It is not a forced seller due to the weekend price action.
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20 sats \ 4 replies \ @Satosora 5 Aug
I had the wrong idea the whole time. But I can see a lot of selling happening because the price dip. ETF buyers dont even want to have their own coins, they are one foot out the door already.
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20 sats \ 3 replies \ @grayruby 5 Aug
Yes quite possible. Many see bitcoin as a risk asset and they will want to sell in a major drawdown.
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20 sats \ 2 replies \ @Satosora 5 Aug
That means....bitcoin might plunge even more? Let me get my wallet out, time to buy more! Got to bring these meme out!
https://m.stacker.news/43520
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20 sats \ 1 reply \ @grayruby 5 Aug
Save some memes for tomorrow.
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