Share now trading at $96.42 a share, up more than 40%.
Holy crap..
It actually opened at $92.
What is this alibaba IPO thing anyway??
What has it to do with crypto?
This BABA IPO has just turned Alibaba into one of the biggest companies in the world, at current cap , almost bigger than Amazon and Ebay together...
Chinese company, with "worlds biggest digital ecosystem" they are like a mixture between Ebay, Paypal, Facebook and Youtube..
there is a possibility some BTC holders sold (the dip yesterday) to get some liquid funds today to ride what I think is going to be a pump today/this week. If they flip on the pump then they (being any BTC holders playing this trade) could return with their profits.
Options start in a few weeks, think this is going to be rocky ride for BABA.
Also down the line if Alibaba become BTC friendly... it could be a good thing... at the moment they are anti BTC.
I think you're dreaming. Real investors don't give an ideological rats ass about Bitcoin. They will just take their money and move to the next big investment.
Dreaming about what? I am talking about BTC holders that are also speculators ... am I dreaming that there are speculators involved in Bitcoin, and Chinese speculators involved in Bitcoin? do you think? I do not think so.
Is it improbable that a Chinese/American speculator that is speculating in Bitcoin, might just be interested in one of the biggest IPO's of all time and the biggest IPO of a Chinese company ever?
I think it is quite likely that a) some Chinese/Global BTC owners, (and BTC holders in general) are speculators and that some of those speculators would be interested in speculating in the biggest Chinese IPO ever , it is a tech company, and chinese one at that.... or do you suppose that speculators in BTC are only interested in BTC? I think not... not all but some, and more likely ones with deep pockets will be interested in speculating in different and interesting markets... especially a quick opportunity to flip the pump (launched at $92.70 and spiked to $99.5 in minutes before a sell off... that there is profit)
Speculators like profit, some speculators are BTC speculators, = BABA IPO 1st day retail pump = opportunity to speculate and profit.
Need to be very careful when You order from alibaba or aliexpress.
