What do you think, is the ETF a "sell the news event". There will probably be around 6 months from the ETF approval to the actual ETF launch. Will BTC dump in the meantime?
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Is the ETF a "sell the news event"?
11 months ago in #someeofficial by ferrisb (51)
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Hi Ferris ETF's are notorious for the big institutions hyping them to get retail to buy what they already own. They sell to us small guys telling them it is going to the moon. They dump down and rebuy for the real run. NFA but I personally see this run on all the hype coming to an end then a long drawn out zigzag down to retest 20-24K range. I have been selling into this strength to be able to accumulate lower. If BTC keeps going up who profits ? Retailers profit in this scenario now; how often does that happen ? Blackrock Fidelitiy they profit not retailers. They are pushing the ETF narrative to sell their existing bags to us to then re accumulate lower. Again just my theory ! Hey send pics of your Christmas tree lights on your street again if get Somee back up. Hope you are well.
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Hi man.
That is my thoughts exactly. I haven't sold anything yet, as I expect it to pump even further when the actual approval is in. It's hard to sell though, but this gigantic move can't go on forever. A correction has to come sooner or later. And yes, it feels just like the 2017 and 2021 hypetrain all over again
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Reblog your posting
Reblog my post? I'm not sure what you mean?
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I think btc will come to 30k in the mean time
Could be. I would love to see BTC at 30k again. Question is, are you selling your BTC to buy back lower?
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I would love to see that. The question is, are you selling your BTC to buy back lower?
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I have bought BTC down I am suffering a lot
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I used somee platform a lot earlier but was not getting any specific response. That's why I left it now I'm doing it on your request
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