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it is very complex n multiple factors plays into derivative dynamics - as pleb small HODLer we our part not participate create awareness - keep stacking self-custody and SPEND for good cuases

they controls FIAT world hence FIAT can indirectly control mainnet coin price - good news OLD HODL whales knows this never sell to their fiat casino

they can make BTC 5K or 50K in day dnot matter much - futures exchanges will separate from real value - they wont break - settlement of ETF ETN GBTC dnot have NO OBLIGATION to send real bitcoin

mrclownworld 2y ago

From what I understand the ETFs are obligated to back fully with spot BTC… will be interesting to see how well they can match their derivative to spot when the price runs away

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Discussion

captjack 🏴‍☠️✨💜 2y ago

OBLIGATION can relinquished under many CLAUSES - nationalsecurity emergency force majure etc.

Richards_Barb 2y ago

Anyone getting in at the ETF-level, is already too late, anyway lol 🤦‍♀️

captjack 🏴‍☠️✨💜 2y ago

rich fiat high roller blackcock casino - ask ur broker

Richards_Barb 2y ago

Yeah, they will not displace the BTC, early adapters.

captjack 🏴‍☠️✨💜 2y ago

they INSITUTIONS are NOT ADOPTERS

they dnot use wallet or create BITCOIN

you r WRONG unless u r urself FUND manager

Richards_Barb 2y ago

The early adopters are us, not the institutions. I am on your side.

captjack 🏴‍☠️✨💜 2y ago

correct - nice - they r trying hijack the brand name #bitcoin using etf n contracts all in fiat

Richards_Barb 2y ago

Yep. What I should have said is that these fiat n00bs are too late, if they're getting in, at the ETF. This goes for any kind of investment, including BTC.

captjack 🏴‍☠️✨💜 2y ago

here is ur TASTE of OBLIGATION from history and also 1971 Nixon shock

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