pull down to refresh

20 sats \ 6 replies \ @Satosora 5 Aug \ parent \ on: Japan stocks plunge 7% econ
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.
write
preview
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.
reply
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.
reply
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.
reply
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
reply
20 sats \ 1 reply \ @grayruby 5 Aug
Save some memes for tomorrow.
reply
20 sats \ 0 replies \ @Satosora 5 Aug
Haha, this is the only good one I have.
reply