If the ETF is rejected, we dump and I stack more bitcoin. If the ETF is approved and the price pumps, I stack more bitcoin. If the ETF is approved and the price dumps, I stack more bitcoin. The goal is to stack more #bitcoin. It hasn't changed. Don't forget the plot.
Discussion
A couple of minor additions, if I may
If the ETF is rejected, we dump and I stack more Bitcoin and zap sats. If the ETF is approved and the price pumps, I stack more bitcoin and zap sats. If the ETF is approved and the price dumps, I stack more Bitcoin and zap sats. The goal is to stack more #bitcoin and zap sats. It hasn't changed. Don't forget the plot.
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The etf being rejected would be one of the best outcomes possible. The etf being approved will be for mass coordination between banks, Feds, fraud custodians and everyone else to try to maliciously attack bitcoin. They won’t succeed (in the long run) but anyone claiming they’re making etfs in good faith to offer to their clients that want bitcoin are just lying to themselves.
Rejection means that the developing world has more time to front run the banks. I like it.
🫡🤝🥳 exactly
It all increases rug risk and places people at the behest of the asset managers. It's bait
And they’ll use the float created by the fake buys to manipulate the fiat value. However, none of them will want to take the risk of being the one that rug pulls their clients… so that’s about the only thing that will make them operate slightly within the rules of fair play. I would imagine they will have rules in place that would say someone like blackrock gets to make their clients whole before the customers of Coinbase get made whole in the event of a liquidity crisis.. something like “we’ll allow Coinbase to exist and be the etf custodian, but here’s the catch.. you go under before we do”. 🤷🏻♂️.
They only care about management fees, which paradoxically means it’s in their best interest that NGU continues cycle after cycle. I do not like the prospect of a 4x or more ETF wrappers owning 800k btc each across the same domain and within a handful of custodians.
I'm totally rooting for a rejection. They need to go away and leave us to OUR money
An ETF will let tons of people who have fiat tied up in 401k to “get into” btc. No it’s not custodial, but it gets fiat dollars converted to btc allocation in turn pumps and promos btc. Anyway it goes is a win win.
1. I'm wondering how taking their 401k funds and putting into ETFs will actually help ppl (especially since grayscale have said they will never prove they actually hold the bitcoin). They still won't be able to get their funds out until they're "allowed" - I guess (I'm not American, so I don't know the rules of that country's pension schemes). Will the btc etf perform better for them?
2. Are we just bothered about $ number go up?
3. I thought btc was supposed to be building an alternative monetary system not being part of the fiat machine.
4. I'm no expert but it doesn't feel like this was what was meant for bitcoin.
5. It's pumped absolutely fine so far without ETFs
Again, I'm no expert 🤷♀️
If you can still stack does that mean you're holding dollars as a store of value?
nostr:note1n0y696u5nwnxmkxkqe0gjqrnju8kd28yyjnhcmuuh3hp8tfe6easp8zav9 Don't forget to stay humble
"Sorry, can't hear you.."
It's a win win 🏆
I was never buying an ETF, the US isn’t Bitcoin, I love cheap BTC, and I’m still not selling.
Is there an official date that I should care about with all this stupid ETF stuff? If it dumps I'd like to know when i should have a fiat stack ready.
This chart has ETF dates that may be of importance. https://calendar.bitbo.io/etfs/
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This is the way
The only NGU that matters is your number of sats.
If it gets approved thats good for bitcoin short term, if it gets denied, thats good for bitcoin longterm.
Everything makes Bitcoin stronger.
Some things just seem a little scarier.
HODLing is always the right choice.
STAY HUMBLE AND STACK SATS. FOREVER. 🫡
Bitcoin wins in the end, obviously, but the ETF brings that day forward.
It's a trojan horse!
💯 Whatever happens 🫡 
Thank god I follow stack of up stack if down - Derek mode ... 💪