I DO NOT THINK PEOPLE REALIZE HOW STRONG THIS ETF DEMAND HAS BEEN.

TWO MONTHS AGO PEOPLE LEGIT THOUGHT IT WAS PRICED IN LMFAO.

https://m.primal.net/HjWu.png


Onward 🫡


ETF’s still not priced in.


Everyone was bearish


Anyone who thought that it was priced in two months ago should check-in with me. I will sponsor them a pair of prescription glasses (priced in Bitcoin). They obviously can’t see clearly. 🤷🏾♂


It’s weird to live in a world where most people think that bitcoiners are wrong yet and where most bitcoiners think everyone else is retarded


WE ARE STILL EARLY. MUCH MORE MONEY TO COME TO #BITCOIN.

nostr:nevent1qqsfgu3lke8naw7ecrxdlzq3y8mupxv3kzrgfrxdpqhh9phr95894pgpzpmhxue69uhkummnw3ezuamfdejsygqyey2a4mlw8qchlfe5g39vacus4qnflevppv3yre0xm56rm7lveypsgqqqqqqs68xzc8


The ETFs take away the govt’s ability to use financial repression to deal with the debt spiral. As Americans continue to pile into the ETFs will the govt raise taxes? Seems politically difficult. Do a 6102 on the ETFs? 🤔 Whatever happens, going to be interesting to watch.


Damn


I wonder when it will hit pop culture hard. It’s coming sooner than later, we are on the cusp of bitcoin rap songs and the like.

When it does. Look out Peter…


Bitcoin is eating the world. Pancakes for breakfast!

https://video.nostr.build/544a8ec73ce0d6ce030199c3e2eb36ec189dfa6eab3702c157fe591b6b2c64b0.mp4


He asked me, they know something that the rest of us don’t?


Strange game.

The only losing move is not to play.

Everyone who plays the game, wins.

But the earlier you start, the more you win.

Nobody has to lose for you to win.

You just have to keep playing.

People can start playing anytime they want.
https://m.primal.net/HjXE.png


THE ONLY BUGS WE EAT ARE GOLD BUGS


Nothing will ever be priced in 👀


Let's go 🚀


THE MARKET IS CLEARLY NOT EFFICIENT.


If you average out the last five days of buying, bitcoin ETFs are on pace to surpass gold etf’s within 18 weeks, this is without factoring in price appreciation


I have been amazed and underestimated how many people out there wanted price exposure without responsibility of holding keys


The average banker/Wall Street analyst is so dumb…


Onward 🫡


Remember, when Blackrock had 6.15 in their #Bitcoin Treasury 😂🤣
nostr:nevent1qqsfgu3lke8naw7ecrxdlzq3y8mupxv3kzrgfrxdpqhh9phr95894pgpz3mhxue69uhhyetvv9ujumn0wd68ytnzvupzqpxfzhdwlm3cx9l6wdzyft8w8y9gy607tqgtyfq7tekaxs7lhmxfqvzqqqqqqytjyeez


That is funny, but have to say locust fried in butter ain't bad.


IF THE BANKS SEE THAT #BITCOIN IS THE NEW GOLD THEN YOU SHOULD TOO

nostr:nevent1qqsfgu3lke8naw7ecrxdlzq3y8mupxv3kzrgfrxdpqhh9phr95894pgpvemhxue69uhkv6tvw3jhytnwdaehgu3wwa5kuef0dec82c33xashymtywejhz7f5xf6ksat4w4mk5ce4d5exgem2ddarwaphv4cxwanhwp6kxcm3wuux5atnd5ux6vr8x3ekuwpkdcehx0mzwfhkzerrv9ehg0t5wf6k2q3qqny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysxpqqqqqqzjmkkcp


CAN'T PRICE IN 100 YEARS OF DEBASEMENT


Has anyone checked on Peter Schiff? 🤣


Peter Schiff in disbelief 😂
nostr:nevent1qqsfgu3lke8naw7ecrxdlzq3y8mupxv3kzrgfrxdpqhh9phr95894pgpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygqyey2a4mlw8qchlfe5g39vacus4qnflevppv3yre0xm56rm7lveypsgqqqqqqs8nagxv


He’s crying again 😆


DUDE IS GOING TO BE REPLY GUYING US ON NOSTR FOR SATS WITHIN TWO YEARS.


I DO NOT THINK PEOPLE REALIZE HOW STRONG THIS ETF DEMAND HAS BEEN.

TWO MONTHS AGO PEOPLE LEGIT THOUGHT IT WAS PRICED IN LMFAO.

https://m.primal.net/HjWu.png


I just wonder… what will happen in the next bear-market with all these ETFs?


200OZS BY CONFERENCE DAY


remember the fork

the fork is coming.

prepare for the fork


That would be hilarious 😂😂😂


GM

don’t sell your corn to the suits


$200k by conference day


From: nostr:npub15f0lnlxujj05a8cr7emhsz9cszcjalaq0su6rymvw22zuth0h9fs7cqrdx


Good one!


There are a few, but it's growing. Nearly a year ago I saw an A$AP Rocky video where a homeless person was holding a sign that said "WILL RAP FOR BITCOIN OR VENMO"


Bet they miso rice the halving as well


Are we winning?


Be aware
nostr:nevent1qqsfgu3lke8naw7ecrxdlzq3y8mupxv3kzrgfrxdpqhh9phr95894pgpz3mhxue69uhhyetvv9ujumn0wd68ytnzvupzqpxfzhdwlm3cx9l6wdzyft8w8y9gy607tqgtyfq7tekaxs7lhmxfqvzqqqqqqytjyeez


Onward 🫡


Poor guy. Blinded by his priors and/or bags. So spot on regarding non-Bitcoin things, but so far off base when it comes to the future of money.


There's still all the second order effects of the etf that are yet to happen too


Trust in the government still at an all time high.


Gold at an ATH after 14 years. Let him have his moment. https://image.nostr.build/192e01849b22839281cdca01198c50fc80c0a999bc28f4a5ca6d4292c00ee470.jpg


Derivatives


No 😀


Demand seems to be far far greater than daily production. Makes halving seem less relevant.


I more so meant all the regulations that are going to get repealed


You can’t price in a new channel that multiplies the amount of capital allocated.  It is literally impossible.


You just described most people, sadly.


Why would we do that?


Are you telling me the halving is not priced in?


If anything what has transpired with the ETFs suggest the complete opposite


nostr:npub1lxzwuxcfxfyzn97a8rumrvghpu5tmv304w0dfuvukye2ee9zxgvs6afplf 👆


Becosystem!


Becosystem! LFG


Most people want the benefits of society without paying the cost of personal responsibility


You think Bitcoin’s commodity regulation under CFTC will be repealed?


Referring to stuff like this

https://stacker.news/items/454701?commentId=454850


Onward 🫡


It’s not just that… lots of folks largest account is their IRA which generally don’t allow holding BTC directly. Yes they want the exposure- they might also even WANT to hold their own keys, but the barrier is not just responsibility… it’s the huge procedural headache and the TIME is takes to get your IRA funds to someone like Unchained and set up a multi-sig vault. I’m going through it right now… meanwhile the price is rocketing. Luckily, I’m hedging price movement during the transfer with the remainder of my account (which I can actually easily do using these p.o.s. ETFs)- but most people cannot or will not think to do that. From start to finish it takes WEEKS to move these funds with all the bullshit forms and 2+ business day admin steps. Meanwhile, in a couple of clicks or a phone call they can buy the ETF. The level of commitment it takes to not just say “fuck it” requires someone to be truly, deeply, and ideologically orange pilled. This is not most people.

IRAs are a huge market… people check into these accounts very infrequently… the ETFs got approved basically yesterday in the grand scheme of things… we’re only getting started with boomer allocations- most will hear about the new all time high this week and make note to make the initial exploratory call to their broker, then set up a meeting when it’s convenient for them… slow and methodical like turning a fucking oil tanker… and yet they will turn

The flow has only just begun. Buckle the fuck up.


I have doubts that comment is accurate. Fidelity is a broker dealer and custodies their own Bitcoin for their FBTC ETF.


I DO NOT THINK PEOPLE REALIZE HOW STRONG THIS ETF DEMAND HAS BEEN.

TWO MONTHS AGO PEOPLE LEGIT THOUGHT IT WAS PRICED IN LMFAO.

https://m.primal.net/HjWu.png


I think he knows what he's talking about


Bloke definitely need a welfare check conducted during these times 😂

#Bitcoin


I just disproved his claim with an example. Doesn’t seem like it.


Because we're nice humans.


Becoming scarcity and demand are never priced in until the reality kicks in.


You can buy bitcoin the asset on Choice by Kingdom Trust and probably Fidelity too and have Fidelity custody it for 1% annual fee. I’m not sure you can redeem in kind, but they definitely custody bitcoin and have been before the ETF got approved


Maybe nostr:npub1jpvsahpy0vgq7gu8nfqjkeskce0gwjk8jpss590xkvjh5xxe4epsruqgsz can answer better


Agreed.  That's why I decided to use the ETF in my IRA and self custody outside of it.  Most of my holdings are outside my IRA anyway.  It's nice to finally have options other than GBTC.


Keys are key imo! LFG


he is quite on bitcoin but banging the job report n central bankers very hard at moment


You're all crazy, sell it while you can


You can buy gold in my bank with your sats


Very funny


Thanks for replying to my shitpost on Twitter. I'm still waiting for your serious response to my follow-up serious comment. 🧐


Buy gold, you will thank me sooner than later


Can someone explain this chart to me? Left I see a chart that shows Bitcoin ETF is more than half than that of gold ETF. On the right Bitcoin ETF is only 36%. Am I missing something?


Now imagine how many other compromises the average person willingly/regularly accepts (whether out of fear or convenience)


I think he mentions just that? " a huge firm like fidelity ppl are fine with sine they trust apriori but a new firm like bitwise if we said we did self custody then many prospective investors would raise eye brows"
What is the inaccuracy?
https://stacker.news/items/454701?commentId=454906


Onward 🫡


To the mooooon


BTC ETF is 36% of the total of both ETF. It's just math.


Weeks is a short timeframe to move fiat, and an excellent opportunitiy to study and reinforce your choice in the meantime.

This phenomenon is like mass literacy; it'll take decades & folks over 50 in 2024 will typically never truly grok what's happening today.

The kids who are 10 years old today...they're going to be the ushers of "mass adoption"

Whether someone figured this out in the runup to $12 or the runup to 1k or the runup to 20k or the runup to 69k or today...or 4 more cycles from now... something tells me in ~2045, most economic actors will be acutely aware of bitcoin.

But, 20 more years is a long time to propagandize a generation against it, and the psychological manipulators capable of that are literal professionals with access to many dimensions of social warfare, and with a far lower time preference than most bitcoiners 🤷♂😔


All your models are…broken.


Priced in LMFAO? How many for a BTC? Quick, tell a good joke! ;-)


The buggest thing that is affecting bitcoin’s USD pair and isn’t priced in is the devaluation of the dollar.

Thats what is really moving the needle right now. Why else are the exchanges (literally pick any one, on wall st or in crypto) showing so much leverage?

The second biggest thing that isn’t priced in is the speed and magnitude of that leverage unwinding.


Yes! Nostr needed a peter Schiff account! Thanks for making it happen! 😂


Comedic relief


Wait, it's a parody account right??


Yes.


If institutions fall you’ll want your keys amidst the chaos instead of these puppet representations. Understandable if it’s not your biggest holding- or a significant one… depends what stage of life and/or situation, I guess might not be worth the hassle for you.


They’re not going to make it to 2045 in their current form. At some point it tips. Rough waters ahead far sooner than that if you ask me


Will Bitcoin ETFs trade on the stock market?


“for example broker dealers (regulated by FINRA and SEC) aren't allowed to custody bitcoin or really touch it in any way”

This part appears inaccurate


How exactly do you buy gold? Is there a specific stock symbol for it or?


why do people buy etfs when they can just buy bitcoin direct and have no custody risk?


Wow I should have gone to bed earlier. I see it. Thank anyway😂


STOCKholm syndrome.
They're not used to have freedom.


I DO NOT THINK PEOPLE REALIZE HOW STRONG THIS ETF DEMAND HAS BEEN.

TWO MONTHS AGO PEOPLE LEGIT THOUGHT IT WAS PRICED IN LMFAO.

https://m.primal.net/HjWu.png


A list of high signal notes on Bitcoin. Curated to help plebs find signal amongst the noise


wen dump


French TV said the halving will divide bitcoin price by 2.


halving*


Onward 🫡


I seem to be unable to zap this note because of this error in nostr:npub12vkcxr0luzwp8e673v29eqjhrr7p9vqq8asav85swaepclllj09sylpugg 😥
https://m.primal.net/HkCC.jpg


Strange, thanks for letting me know, I will look into it.


I have really strange random issue with LNbits one time it works, next time it trough a 500 error.
I have setup another Ln address with BTCPay, just tested from Primal, it seams to work, if you want to try let me know.


I heard in France they call it "Royale with cheese"