Vlad on Nostr: Gm, I woke up late (again) but my girlfriend cooked salmond with potatoes & salad for ...
Gm, I woke up late (again) but my girlfriend cooked salmond with potatoes & salad for me 🐟
Anyway, last night I had yet another nightmare.
The same guys who 16 years ago marched with Ron Paul to protest against the crony capitalism on Wall Street & the evilness of banks were now cheering for Bitcoin ETFs.
They would run analyses, compare volumes, and then act like they’re confused when high ETF inflows don’t pump the bitcoin price.
Dude, I thought you knew you were dealing with crooks who are regulated by government institutions that don’t want bitcoin to succeed.
Of course they want to maximize ETF NGU and make the real asset underperform in comparison.
Of course they trade paper bitcoins and most likely aren’t 100% backed by reserves. God only knows how frequently they are legally required to make settlements and how they make sure to manipulate demand in order to keep the BTC price suppressed.
Did you honestly believe bankers & Wall Street guys are your friends? If they were honest, bitcoin would have shot past $100k a long time ago.
Welcome to the new paradigm, where a bunch of institutions that hate Bitcoin are in control of the demand (and therefore price action). Will they make the number go up? Probably, but their game is to tame the BTC while making their ETFs look like a much better investment.
Are we better off without them? Of course, but even these OGs seem to have a hard time dealing with reality. Maybe that they are happy there’s enough liquidity for them to sell their bags and they’re supplying the ETFs while virtue signaling the plebs.
Maybe that the bad bears are among us. DID YOU THINK OF THAT?!
Oh wait, I woke up from that shitty nightmare. What a relief!
Anyway, last night I had yet another nightmare.
The same guys who 16 years ago marched with Ron Paul to protest against the crony capitalism on Wall Street & the evilness of banks were now cheering for Bitcoin ETFs.
They would run analyses, compare volumes, and then act like they’re confused when high ETF inflows don’t pump the bitcoin price.
Dude, I thought you knew you were dealing with crooks who are regulated by government institutions that don’t want bitcoin to succeed.
Of course they want to maximize ETF NGU and make the real asset underperform in comparison.
Of course they trade paper bitcoins and most likely aren’t 100% backed by reserves. God only knows how frequently they are legally required to make settlements and how they make sure to manipulate demand in order to keep the BTC price suppressed.
Did you honestly believe bankers & Wall Street guys are your friends? If they were honest, bitcoin would have shot past $100k a long time ago.
Welcome to the new paradigm, where a bunch of institutions that hate Bitcoin are in control of the demand (and therefore price action). Will they make the number go up? Probably, but their game is to tame the BTC while making their ETFs look like a much better investment.
Are we better off without them? Of course, but even these OGs seem to have a hard time dealing with reality. Maybe that they are happy there’s enough liquidity for them to sell their bags and they’re supplying the ETFs while virtue signaling the plebs.
Maybe that the bad bears are among us. DID YOU THINK OF THAT?!
Oh wait, I woke up from that shitty nightmare. What a relief!