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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1214. (Read 26731933 times)

member
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Does anyone care to explain or know how these ETF's work?
Do they hold indefinitely?
Do they sell at x y Z % profit?
Do they sell when the clients(boomers) say sell?
Or is the fund manager in control?
Do they actively trade too?

Thanks,

Michael Sonnenshein

Chief Executive Officer

Grayscale Investments

CEOI MEMBER SINCE 2021

Michael Sonnenshein is CEO of Grayscale Investments, the world’s largest digital currency asset manager. Under his leadership, the firm has grown to be the definitive leader in crypto investing, offering a wide range of investments, including single-asset and diversified products. Mr. Sonnenshein is regularly featured on CNBC and Bloomberg, and was honored in 2021 as one of 100 People Transforming Business by Business Insider and in 2018 as the publication’s Rising Stars of Wall Street. He serves as a member of the Grayscale board of directors, CME Group Bitcoin Futures Council, and NYU Blockchain Association. Before joining Grayscale, Mr. Sonnenshein was a financial adviser at JP Morgan Securities, covering HNW individuals and institutions, and an analyst at Barclays Wealth, providing coverage to middle‐market hedge funds and institutions. He earned his BBA from the Goizueta Business School at Emory University and his MBA from the Stern School of Business at New York University.

In summary absolute corrupt filth.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
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hero member
Activity: 1120
Merit: 571
...

JJG

OK, I think we're almost done here for the moment.

In 2021 I had a larger investment in BTC, that's one big reason it worked out so well.  Also, I knew more about how to play the game.  This time, alas, I have a smaller amount, so will not clean up bigly unless there is a huge spike.  But, it's all good.

Speaking of huge spikes, howzabout 1000x?  "Bag" says could be, it's the network...:

https://bagholder.substack.com/p/monopoly

Excellent reading.

The article tells very clearly that why Bitcoin will be 1000x from here

  • 1. There is no corporation or Government on the planet with the resources, power, or capability to create another truly decentralized network.
  • 2. Bitcoin has one, with NO possible competition. While other entities could issue their own digital currency, what they can’t do is create another decentralized network.

There are corporates like Kodak or Cisco that were on top of there business but went down due to arrival of other competitors. This may not be the case with Bitcoin as explained in 2 point.
legendary
Activity: 2380
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
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sr. member
Activity: 114
Merit: 93
Fly free sweet Mango.
ChartBuddy's 24 hour Wall Observation recap
..
All Credit to ChartBuddy


February, 2024 Wall Observation recap, 1 day = 1 second, beware of flashing images.
A day late, but surely not a dollar short.  Grin

EDIT: I've been truncated by imgur!  This link should hopefully work. 
https://i.ibb.co/Vqdwsym/2-2024.gif
Code:
https://i.ibb.co/Vqdwsym/2-2024.gif
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
Just to add some bullishness to the bullishness. A good read IMO on why we haven't topped yet according to a variety of indicators:
https://x.com/intangiblecoins/status/1762865996447035600

To me what stands out from this writeup is: Bitcoin ETF's can't be converted into shitcoins which is something that has happened each cycle until now. Too tempting to gamble some of those bitcoin gains into a shitcoin that just went up 10x. And secondly that even with the Bitcoin ETF's approved, it takes at least another year or so for all brokers, banks and investment advisors to add it to their platforms and marketing machines. Which with each approval (looking at you Vanguard) adds fuel to the fire (in cyberspace).
legendary
Activity: 4284
Merit: 5215
You're never too old to think young.
Does anyone care to explain or know how these ETF's work?
Do they hold indefinitely?
Do they sell at x y Z % profit?
Do they sell when the clients(boomers) say sell?
Or is the fund manager in control?
Do they actively trade too?

Thanks,
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 1932
Merit: 1610
Self made HODLER ✓
okay buddy in the Words of Joe Biden "here's the Deal"

"we want you to break new ground 70k over night."



I have 7pm EST  let us see 70,019 by 8am tomorrow morning.

chopper will get very busy so vroom will need be ready for  the exercise.


 Grin

I don't think we're going to have the strength to push it to new highs during a weekend.  Maybe I'm wrong but it feels like the market is really centering around ETF trading these days.  Maybe the weekend will stir up some FOMO for Monday action that will take us to new heights...  We'll have to wait and see.  I tend to think we have another week or two of consolidation before we take another leg up, but this market has been surprising me since the beginning. We could rip straight to $100K before the halving and it would seem normal at this point.

Agreed.

I will be more than happy if (as it seems will happen) we close the weekly candle over 60K. Consolidation is important.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
okay buddy in the Words of Joe Biden "here's the Deal"

"we want you to break new ground 70k over night."



I have 7pm EST  let us see 70,019 by 8am tomorrow morning.

chopper will get very busy so vroom will need be ready for  the exercise.


 Grin

I don't think we're going to have the strength to push it to new highs during a weekend.  Maybe I'm wrong but it feels like the market is really centering around ETF trading these days.  Maybe the weekend will stir up some FOMO for Monday action that will take us to new heights...  We'll have to wait and see.  I tend to think we have another week or two of consolidation before we take another leg up, but this market has been surprising me since the beginning. We could rip straight to $100K before the halving and it would seem normal at this point.
legendary
Activity: 4382
Merit: 9330
'The right to privacy matters'
okay buddy in the Words of Joe Biden "here's the Deal"

"we want you to break new ground 70k over night."



I have 7pm EST  let us see 70,019 by 8am tomorrow morning.

chopper will get very busy so vroom will need be ready for  the exercise.


 Grin
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 1834
Merit: 4197
the evening wall report


US debt increasing about one trillion dollars every 100 days
this is as ridiculous as it is obscene
legacy markets up again today with the nasdaq and s&p500 both hitting ath's
both gold and oil up again today also
the crazy thing about this rally is that there has not been a rate cut or any other driving factor besides plain demand brought on by the institutional investment into the ETF's
its a pretty strong signal imho
locally everything under the daily time frame looks great....I am somewhat concerned about the high RSI readings on the daily and weekly charts....but i dont think we are over cooked quite yet
tough spot here....want to take the charts and throw them out the window
trying to use legacy indicators on the hardest asset ever created....i sometimes wonder how much sense it actually makes
be that as it may....the forms probably should be kept for the now
either we go up and tickle the ATH or consolidate for a few days to a few weeks....solid steady sideways is never a bad thing
with the frothiness there is likely to be ample volatility for the daytarders
other than that...situation normal....stack and hodl

company shall form up at a walk and raise lances

dyor


D


W

stronghands
legendary
Activity: 875
Merit: 1362
Does anyone care to explain or know how these ETF's work?
Do they hold indefinitely?
Do they sell at x y Z % profit?
Do they sell when the clients(boomers) say sell?
Or is the fund manager in control?
Do they actively trade too?

Thanks,

Yeah I am absolutely interested to know also please any explanation can go a long way I very long way

They just buy forever and ever and ever until there's no more left to buy, and then they cry a lot, wishing they had bought more earlier. And we all live happily ever after.
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