Replying to Avatar Chris Liss

If Blackrock ETF is actually approved, now they have to go and buy the goods, right?

I mean usually it’s buy the rumor, sell the news. But if this news is real, the news is they have to buy in size. And once they start, who is going to sell it to them at 30K?

No one with a brain cell.
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Deleted Account 2y ago

Unfortunately we will see a lot sell at 50k, 68k, and 100k. Hopefully those of us on Nostr know not to give blackrock a single sat

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Chris Liss 2y ago

They’ll get some, no doubt, but the psychology of hodlers will change too should there be an epic run-up. Would be hilarious if they got approval, triggered a bull-run, but couldn’t get enough to satisfy demand for their customers.

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Deleted Account 2y ago

Price will rip UNTIL they can satisfy customer demand. 99% of us have prices we will sell x sats for, especially if you have a mortgage for instance

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Chris Liss 2y ago

Yes, but at 28K people will probably say, okay at 100 I’ll sell some. But if it’s really at 100, people will be thinking it’s going to 250.

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Deleted Account 2y ago

Good point. Funny that it's human nature to take action at arbitrary whole numbers, like $98.3k is any different 😂