50 sats \ 8 replies \ @Satosora 5 Aug \ parent \ on: Japan stocks plunge 7% econ
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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20 sats \ 0 replies \ @Satosora 5 Aug
Haha, this is the only good one I have.
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