Reddit Posts
It's going to be BlackRock or bust if we're not diligent.
Question: Why does Black Rocks $10trn AUM matter? Asking because when BR creates a Bitcoin spot ETF, it should be buyable for EVERYONE on ETF exchange , and the world’s AUM is $113trn !!! Thats 10 times AUM of ALL issuers put together!!!
Say the ETF gets approved, and 1% of the AUM gets into Bitcoin (thats $177bn), some say the buying will drag out, but then again it can technically happen within 1-2 months as corp clients rush to buy to frontrun everyone, everyone thinks the same thing, BR will have to hedge but whos selling then?
IMHO, Blackrock is a gateway to Bitcoin for institutional money, just like Coinbase is a gateway to Bitcoin for retail money.
BR now 2nd largest shareholder in 4 biggest BTC mining firms. What are you thoughts on this.
Crypto, reasons to be super bullish during these times.
Brazil announces new Digital Currency (DREX).
🌩️ The amount of Bitcoin on the Lightning Network is the lowest in almost a year — the number of channels in the Layer 2 payment network has also shown a constant decline overtime
CDC Explicitly Mentions Bricks Listing
The pilot project of Brazil's CBDC 'Real Digital' allows the freezing of user wallets and reducing balances | Central Bank confirms discoveries made by a developer in the source code, but does not say whether functions will be maintained in the final version
🎙️BR041 - Sparrow, River, COLDCARD, Trident Wallet + MORE ft. Craig Raw, Rob Hamilton & Alex Leishman
Bitcoin reached new all time high against Argentinian Pesos, Turkish Lyra and Venezuelan Bolívar Fuerte. This is exactly what an hedge against inflation do, yet the IMF is discouraging Argentina from adopting Bitcoin with the $45 billion debt deal and a lot of "experts" are still in denial.
While Everyone is Worried About Price Suppression with A BlackRock ETF
Medium and small Bitcoin miners are at risk: “It is not profitable anymore” — The constant increase in Bitcoin mining difficulty raises questions about the profitability of the business. I talked with some miners for insights regarding the activity.
Medium and small Bitcoin miners are at risk: “It is not profitable anymore” — The constant increase in Bitcoin mining difficulty raises questions about the profitability of the business. I talked with some miners for insights regarding the activity.
Bitcoin Review Podcast BR040 - Alby, Zeus, Nunchuk, Damus, Munity, SATSCARD, App store censorship + MORE ft. Bumi & Mandrik
Bitcoin Review Podcast BR037 - Mempool.space, COLDCARD, Ledger Recover, Cashu + MORE ft. Steve Lee, Future Paul & Livera
BR036 - Lightning Privacy & Splice Panel ft. Tbast, Dusty, Tony, Jeff & Vivek
Best practice on automatic DCA? (Which Broker?)
BR034 - Nostr Taking off! Catch-up with NVK ft. Fiatjaf, JB55, Pablo & Odell
PIX, Brazilian Central Bank payment system: second biggest in the world
Bitcoin Review Podcast BR033 - OP_VAULT Round 2, Many Changes & OP_CTV ft. JamesOB, theinstagibbs, benthecarman & Rijndael
Bitcoin Review Podcast BR032 - COLDCARD, Sparrow, BISQ, MutinyNet, LNProxy, lnbits X Nostr + MORE ft. Calle & Future Paul
Crypto.com NFT | A perfeição malévola limited | NFT1999BR
56 exchanges have closed their doors in 2023, totaling 424 close downs since 2014. Most of them "just disappeared": An update on The Exchange Graveyard.
Bitcoin Review Podcast BR031 Cashu & Fedimint: ecash, Bitcoin’s layer 3 & scalability ft. Calle, E Sirion, Rijndael & Odell
Bitcoin Review Podcast BR030 - Mercury Wallet, BitKey, BDK, Mutiny Wallet + MORE ft. Nicholas Gregory, Rijndael & Odell
Bitcoin Review Podcast BR030 - Mercury Wallet, BitKey, BDK, Mutiny Wallet + MORE ft. Nicholas Gregory, Rijndael & Odell
Why Bitcoin? In March 16th 1990, the Brazilian government confiscated the equivalent of 30% of the BR GDP from savings account.
Bitcoin Review Podcast BR028 - Specter, Zeus, BTC Pay Server, Alby, LDK Roadmap + MORE ft. Bumi, Vivek & Guy Swann
BR027 Discover the latest crazy things people have built using BDK, LDK, MDK
🎙️BR026 - Sparrow, COLDCARD, Nunchuk + MORE ft. Craig Raw, Lyn Alden & Ben Carman
368 exchanges have closed down since 2014, and 161 of them "just vanished". Trust no exchange with your money: A glimpse on the Exchange Graveyard.
BR022: COLDCARD Q1 Announced, BTC Pay Server, Zeus, Keet goes mobile + MORE ft. Ben Carman & Odell
🎙BR021: Bitcoin Power Dynamics ft. Harry Sudock, Aaron Vanwerdom & Adam Gibson
Nexo official answer regarding "Bulgarian Prosecution’s Lies"
$BR BUSD Reflection token review: Guys this is still looking like a great play. A solid team that are hard working stealth launched this a week ago We called it here before the launch, grab a bag in a dip and sit back and relax
Bitcoin Review Podcast BR020: Zeus, Alby, Bitcoin Knots Keys Leaked +MORE ft. Sjors, Schmidty, Evan Kaloudis & Justin Moon 🎙
Nostr Deep Dive Panel with NVK ft. Jack Dorsey, Fiatjaf & William Casarin BR018
Lightning Network Experts Roundtable ft. Calle, Roy, Rijndael & t-bast #BR015
Let me present you Exeedme, a GAMING meets WEB3 platform
BUYING MR.FOREX SHARK's $BR34P TOKEN👽💧🐕🦺🐖
I've studied a real case of BTC, ETH and XNO being used as a Mean of Exchange (MoE) for borderless payments from a pool to their workers/miners
Would you play a first person shooter that rewarded you in crypto for winning but cost you crypto for losing?
This game is going to be the face of web3 gaming!!! pay 1 dollar to spawn and get 1 dollar per kill all on the Solana blockchain! BR1
Let's Shill B. R. | EBR token for a world beyond reality | pre-sale starts once we reach 7,300 members.
Let's Shill B. R. | EBR token for a world beyond reality | pre-sale starts once we reach 300 members.
You need to check out this amazing new project Treasure Island! - one-shot NFT adventure game - prize pool up to 70 ETH - Fantastic graphics and unique gameplay makes this the No.1 NFT game to play
The Node-Omni-Innovation Foundation aims to support legal entities and companies that believe in the vision and want to contribute to it through exceptional concepts and projects.
Trunk Token | Just Launched | Low Mcap Gem | Based Dev | Long Term Project | Don't Miss this Last Opportunity | Influencers Lined Up | Experienced Team
Trunk Token | Fair Launch In 15 Minutes | Low Mcap Gem | Based Dev | Long Term Project | Don't Miss this Last Opportunity | Influencers Lined Up | Experienced Team
Apparently Reddit Community Points Moon's/Bricks were Trending on r/ethereum
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FYI: Ministry Distribution in germany for Ministry of Finance (interesting for german CryptoUser)
BananaRocket 🍌 Just Stealth launched 🔥 Low cap gem 💎 Liquidity locked for 3 Months 🔒 X1000 Potential ✅ join us 🚀
Free to play Crypto games are the future and Crypto Royale will be the first to make the genre go mainstream. Change my mind.
BunnyRocket - By "Making Elon Safu" - When Elon Tweets, we make SAFU Tokens - Doxed Dev - Low MarketCap Gem - Burned LP 🚀
BunnyRocket by 'Making Elon Safu' - Doxed Dev - Burned LP - MicroCap MoonShot Meme Coin With Huge Potential! Inspired by Elon's Tweet
BTC and crypto already a local tender in Brazil
Stealth Launch $BallonRocket Low Marketcap Gem - Growing very nicely organically -AMA coming this weekend
Hybrid Intelligence Crypto Currency Price Targets (180,000 analysts weighted to their answers using Machine Learning models) BTC, ETH, ADA & BNB
🍌 BananaRocket BSC 🍌 - Stealth launch few minutes ago ⏰ Ownership renounced🔍 100x Potential 🚀 Verified contract 🔥 100% Rug Proof ✅
BananaRocket 🍌 Just Stealth launched 🔥 Low cap gem ⭐️ Liquidity locked for 3 Months 🔒 X1000 Potential ✅ Come join us❤️
I am concerned about the health of all of you as crypto enthusiasts
I am concerned about the health of all of you as crypto enthusiasts
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🎯BULLRUN 2.0 🎯 | 1 Week old🚀 | Listed on CoinMarket Cap & Coingecko✅ | Audited by Desset Finance🧁 | DeFi Community Driven Token🤲 | Big Marketing Push💎 | Youtubers onboard🎬 | Twitter Influencers | Doxxed Team | Real Charity-focused Project | 🏀First class athlete and currently active onboard
🏆BULLRUN 2.0🏆 | 🚀6 Days old | ✍️Listed on CoinMarket Cap & Coingecko | ✅Audited by Desset Finance | 🔥DeFi Community Driven Token | 📡Big Marketing Push | 🚨PooCoin ADS Running | 🎬Youtuber Campaigns on the making | 🔔Twitter Influencers |📚Daily trivia rewards | 🤩Doxxed Team | 🤲Real Charity-f
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Get Involved in this Alt Season 🔥 | Bull Run 2.0 is here ☠️ | Huge Movements Upwards 📈| Lavar Ball joined and more Celebrities are about to Join the BullRun too 💎
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Mentions
5PsnNwPmMtsGZgG6ZqMoDJJi28BR5xpAotXHHiQhpump Cupsey
Just mathing. 42 billion dollars over 4 years. 70k bitcoin price. It’s basically like buying every bitcoin mined each day. Give or take. Now you have retail that will sell which throws it off. But we also have Metaplanet trying to do the same. As well as whales that will try to buy. Same with BR fidelity ect. Who knows who else will join the party in buying, as far as corporations, ect. It will create a competitive market. Imagine having 100,000 barrels of oil left on the planet stored in your backyard, and you have every single country trying to purchase your oil. Name your price?
Cool, is there an address there or is that info built on chain analysis by Arkham? Because BR gave a reason as to why they were not publishing their address.
BR069 - Cat is out of the bag? OP_CAT ft. NVK, Andrew Poelstra, Rob Hamilton & Rijndael. Episode: https://podcasters.spotify.com/pod/show/bitcoinreview/episodes/BR069---Cat-is-out-of-the-bag--OP_CAT-ft--NVK--Andrew-Poelstra--Rob-Hamilton--Rijndael-e2l5mm1 . Media: https://serve.podhome.fm/episode/5e76cd85-c3e5-45b7-2cfb-08dcb0a4714c/638580268483961999284be505-9d08-4b35-a9fb-96c4b6707212v1.mp3 . <p>I'm joined by guests Andrew Poelstra, <a href="https://twitter.com/Rob1Ham">Rob Hamilton</a>,...
**Bitcoin BR**, an *ESG-compliant* fork, controlled by BlackRock, coming soon to an exchange near you
For 2, they are bound to reinvest whatever they dump into the other fork. So if before fork value is 100, after fork value is 20 (chosen by BR) and 80 (must be liquidated by BR). The 80 liquidated by black rock must then be used to repurchase the chosen fork, so the value of the ETF remains at 100 even though all the assets were converted to the chosen fork. Most people would choose an ETF to not deal with the technicalities of bitcoin or to enjoy tax benefits that are not applicable to self-custody (e.g. 401K). They don’t need any rabbit hole, any fork with significant impact to Bitcoin would be widely publicized with significant advance to take action, such as choosing between different ETFs who bet on different forks. At worst this creates a taxable event.
1. People who will be buying the ETFs by their very nature 'trust' BlackRock to manage their Bitcoin. They will trust BR to pick the right fork too and they will be the majority. 2. That's only true for whoever has the keys. When BR puts a disclaimer that they will get to choose the correct network - they literally mean they (BR) will decide which coin to hold and which to dump.
Well, if BR signals going over to a fork that you don’t like, you simply sell your ETF before it happens. In the end they will only hold the bitcoin that people want going into the fork of their choice. They are obviously incentivized to choose the fork that the majority wants. However you miss one crucial point. On a hard fork, you only choose what happens to the assets going forward for new holders. Any holder at the moment of the fork will have BOTH assets. So they would have to liquidate one of the two, so you still retain the full value.
BR launched some stablecoin they made on Ethena sometime ago don't know how deep their partnership goes with BR
>Blackrock may or may not hold its own shares. Black Rock most likely hold some of their own shares, I don't mean to be semantic, I'm just here to learn and I think it's very tutoring to go back and forward, it forces me to look up things, I think BR owns a few Satoshis through "intermediates" at least. >BlackRock’s largest institutional shareholders are Vanguard Group, (BlackRock itself), State Street Global Advisors, Temasek Holdings, and Bank of America. https://www.techopedia.com/who-owns-the-most-blk-stock#:~:text=BlackRock's%20largest%20institutional%20shareholders%20are,%25)%20of%20the%20company's%20holdings.
They did not buy anything to hold it for themselves. BR buys shares or some asset, wrap it up into an ETF and sell shares of the new ETF to traders and collect an expense ratio. In this case they added shares of bitcoin ETF to a mutual fund and bond fund. Those are not owned by them, but by their respective shareholders.
They do not own or control any. The shareholders of the ETF own the underlying bitcoin, technically. If shareholders start dumping share price down BR will have to sell off bitcoin to their contracted order execution partner coinbase prime, whether they like it or not.
Yes, just buy and hold. You won’t regret in ten years. DCA in every week till the BR then hold. Make sure you store it on a cold wallet
How so? It doesn't need to be like that at all. For instance BR1 is pay to spawn, kill to earn. $1 to play, $1 dollar for every kill. Never ending battle royale. No play 2 win at all.
The part where BR will mint unlimited supply of it
BR understands the dollar is gonna be in a tailspin in the next 10 years.
"only" $20B ? Maybe we should stop giving them ideas LOL Even if it was $100B that would still be doable for them (BR) let alone nation states aping in on the hash rate train Hmmm :/
> Thought : what happens if BR buy 51% of the hashrate ? > How much would that currently cost out of interest ? Only about $20 billion: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4727999 That sounds a lot, but it isn't much of a barrier if nation states like China or the US ever perceived BTC as a realistic threat to their fiat currencies. Incidentally, it's also less than the combined treasuries of DAO's running on Ethereum, which could lead to an amusing story arc: https://deepdao.io/organizations
TLDR : crypto bull pro bullish crypto news But since we're in the sub I think we all agree with Saylor in liking the BR news Thought : what happens if BR buy 51% of the hashrate ? How much would that currently cost out of interest ? Do we trust them to stay impartial / benevolent ....
You seem well informed on the topic... BR isn't doing shit except moving funds in/out of BTC as ordered by their customers... BR as a company hasn't bought that BTC as part of their balance sheet. These links are mostly AI Blog posts based off of a few news reports... instead of spamming your inbox, they're spamming reddit
BR doesn't own the BTC. They don't control if it's bought or sold... their customers who buy their ETF decide... BR serves as an intermediary. They buy/sell BTC to cover their inflow/outflow of the ETF... BR is a mechanism, not the driver
BR and Fidelity don't buy bitcoin by themselves. They buy it with other people's money; money from whoever buys the ETF shares. No state accepts bitcoin, they accept fiat through a payment processor.
You seem sorta slow but that’s ✅ Me and BR will gladly buy your SATs no problem. Everything around me gets cheaper everyday and I don’t need your competition! Keep your shitty FIAT! Are you ok OP? BTC Price is Everything / 21M (more like 13.999M) Millions are lost and I’m not selling! So take 400G/13.999M (1G = 1000T) WHAT NUMBER DO YOU GET OP? We aren’t here for paper gains bro. This is a revolution. Hopefully peaceful but true believers are ready for whatever and we’re not worried about the price 😂
Just ask Deloitte? They're the ones auditing Coinbase. If BR was getting paper Bitcoin and the customer's found out, it would be the END of IBIT, I really don't think they'd play with their customers like that. They want to keep making money.
Nothing new to most. New for some trying to make a case that IBIT moves spot in real time, and then jumping the shark that CB was selling BR a bunch of IOUs based on on- chain data. All known and published.
Look at the exchange I had with [Sani | TimechainIndex.com](https://x.com/SaniExp) on [https://x.com/SaniExp/status/1834933583753990315](https://x.com/SaniExp/status/1834933583753990315) He claims it's BlackRock addresses holding all the bitcoin but when confronted with the fact that there can't be any BR addresses since Coinbase is the custodian he shuts up and starts conspiracy theories about the FBI w/o elaborating and he also never explains how he found these supposedly BR addresses.
Fortune favours the ~~BR~~AAVE! /s
BR wants to fill their bags by creating such headlines.
Michael Salor thinks he will get tax breaks peddling this . <br> <BR> no one in the bureaucracies wants anything but trackable assets - and no matter what drivel comes out of the GOP , they are just scamming you . <BR> <BR> every single country in the world wants to know about your assets .
I hear you, but that’s not evidence of them taking any stance. Adding one ETF to an other, in house ETF is part of their regular playbook. It’s not new, it’s not ideological, and it’s not in response to any selling. It’s just how ETF issuers do business. And AFAIK, IBIT is only a small portion of BSIIX. No one should be worried about BR selling (or buying) because they’re doing neither. *All* the bitcoin they “own” is owned on behalf of clients.
Have you checked Arkham? Pretty sure they track a bunch of wallets connected to BR.
Owning a big place just so you have a spare room for people who visit occasionally is a terrible reason to own a big place. My wife and I are currently looking at downsizing to a 2 bedroom apartment. We had been thinking 3 bedrooms “in case one of the kids needs to move back home” - then we realized it would be cheaper for us to literally pay their rent for a couple of years in a separate 1BR apartment than to pay more for us to have a “spare” room we would only be tempted to fill with “stuff”. Never do anything with your money to make other people happy. They won’t care anywhere near as much as you think they might - and you’ll just end up poorer!
I think if people were paying attention at the time, they would’ve seen that it was very likely Celsius, FTX, etc would go under. Fidelity and BR are completely different beasts. There’s always a chance, but it’s orders of magnitude less than FTX.
It's not how they make money from the ETF offering. They make money from the fees. I don't think BR is worried about making more money when they have assets in nearly every industry.
This "community" is sometimes depressing, I scrolled through the comments and as always bitcoiners permabull mocking OP because he dared to voice a controversial opinion.. My reply is that many people have that doubt, and that it is healthy not to be blindly convinced that "IT WILL HAPPEN AGAIN !" just because "Previous cycle". The 4.5x increase we saw pre halving is already unusual, and the lifespan of Bitcoin, 14 years, is short compared to other assets that went through recession for instance. So to me, first question is are major economies/countries going to enter into recession, if yes how will stock and crypto market react to that new situation. Also, I think Bullrun tend to start when people are still doubting, like in 2023. Right now it seems that there is a vast consensus that BTC will go to +100k$ in the upcoming month with a widely accepted scenario : - September actual rate cut. - BR start - 100k Q1/Q2 2025 I am not saying it wont or cannot happen, just that we should be able to discuss those hypotetical scenarios without trolling or dismissing OPs. And if you can't stand those topic, just skip it.
Yeah it's 1 to 1. I don't know BR's specific breakdown, but FBTC works out to 1131 shares is 1 BTC.
BR is not allowed to buy for itself inside it's ETF. The ETF is merely a management of customer's BTC holdings (as shares of the ETF) The reason BR offers an ETF is they take a management fee I think it's 0.25% or something close to that.
Brazil starts with BR - BR as in BlackRock. BlackRock is Brazil confirmed
BR? Huehuehue Gibe Bitcoin pls or I repotr u
Decentralization refers to a network of independent nodes and miners, not who owns how many coins. BR buying a lot does not "centralize" bitcoin. Also, ETF operators don't buy unless they need to balance the ETF share price and price of bitcoin. So, no, they are not "buying up all the BTC."
The ETF is regulated and BR has no say in how many bitcoins go in. It’s purely a function of how many stocks were bought. If they want to invest in bitcoin in one of their funds, they either buy their own ETF or bitcoin outright.
Yes yes, but everyone hodling? Or BR is cashing out the paper hands, but expecting the rebound. Be greedy when others are fearful…
Could it be part of their market-making strategy? For example customers sell the ETF —> BR holds the btc as float speculating that someone will buy it again in the future —> they sell it again later, saving themselves the .5% exchange fees on both the sell side and the future buy = profit
We are not in a BR. Historically the BR wouldn’t start until around November. There is still few more months for that to start.
We shouldn't, but they will move in the direction of their donors . Both sides have switched up on crypto and the emergence of BR and ETFs probably has a big role in that.
First off, key holders own the coins regardless. If you could produce a report that shows all of BR's holding to prove what you're saying, I'd love to see it. I can't find anything to support your position.
They would have filed it. BR does not own any bitcoin. They have no exposure on the asset. They simply hold it on behalf of other people, charging them nice fees. As they say you put your money where your mouth is and since BR does not outright own any i tend to believe they simply do not believe at BTC at all. They just skim people who believe in it....
He means how does the other guy know BR isn’t buying for itself as well as for its customers.
Dude found 6+ month old document just now? BR doesn't hold any keys, coinbase does. Not that it even matters.
The approval of the ETF had the impact, not the ETF itself. The ETF was simply the vehicle used to procure Bitcoin. And the largest of all of the ETFs actually had a net outflow for 2+ months. At least initially, it was retail investors that were purchasing the ETFs and not institutions based on the buying data. But I think you are missing the point -- there are more non-ETF whales than there are ETF whales. I would argue that they control the price movement far more than those buying the ETFs (and as folks have stated, BR and Fidelity are not the ones buying, it is their investors).
BR is intentionally shorting to keep price down
**2 reasons, 1st, It's classic summer sell out, second ppl are dumb mdfkr's who are afraid of everything... Probably israeli gov news makes this today, and u know how they chicken out and market goes with every news about war, etc...** If u look previous cycle, and i talked before, it's literally the same pattern, little high on jan-may, then june,july drop, then august/sept heat, and f skyrocket on november/december. People now are mostly on vacations, and stuff, they don't follow internet/crypto that much.. But on cold days u see significant jump of activity.. **+ they didn't started to pump the news i**n media that much like last bull, wait for that. They don't need one now, because they want to accum. the most coins possible while is still cheap. Whales, BR, and all those mdfk who want to take all your coins. I would do the same to be honest. **But still the weak one will sell and end up loosing money, while smart ppl know the drill and will hold.** And i talked earlier that despite everything the reall bull didn't even started YET and idk why ppl think it did. Probably because price go high on BTC because of ETF.. **Someone in november said, the only one who will make money on this are Holders and The lucky one with memes.. Everyone else will lose. And he was R**
BR is an ETF operator and these listed money managers own shares of ETF that BR runs. And likely others. BR isn't the only with a bitcoin ETF.
What bullrun? The bull run not even started yet, idk why ppl think this y is bull This 2-3x price pump was only bcs etf and BR.. and some coins not even moving yet. so if 2021 and on start of 22, i remember war started in ukraine, that was end point, so bullrun will appr start in maybe 2025 or end of this year.. and last to end of 2025 **And then who knows, if usd continue to be printed, and countries (mid east and bricsks) stop using it, all of these prices can go 5x then expected.. because $ will be low price** **i think they know this and that's why they doing etfs right now and trying to buy existing btc and eth while still possible manipulating the price. So when they buy all of them from people then they will go for new ones from miners.** **Then expect skyrocket market. im tellin u, in a few weeks btc and all coins can go 3-4x.** I expect btc goes to 100k then in no time goes to 200k and then maybe even 300k so alts can go wild.
Especially if you don't mind renting out a room in that house that will pay for everything. The house in the OP looks like it's 3-4 BR and pretty dope. Easily getting $1200-1500/ per room. Rent out 3 of those rooms for a year or two, $1200/1500 per room. That's $43K-$54k/yr. Save a good portion of that after the first couple of years, then reinvest in the home, get some solar panels, generator and battery backup. Put a few years of insurance/taxes/fees away, and unplanned expenses away ($30-40k). Then boom, you're pretty much set for a long fucking time.
You dont need a $1MM house in Nashville. My nephew just moved to TN and was renting a 3400sqft home in Murfreesboro (5BR 4BA) that is worth $650K. In other parts of the country this would go for well over $1.2MM. I say get in a home that suits your mission for a good price in a good location and plan to stay there as long as possible. Overpay to the principle as much as you can afford to pay which will lower the total term of the loan down substantially (we made an extra payment a year at tax return time and it would knock off almost a year from our total loan term). Also keep DCAing BTC. You live in a home where you hold bitcoin. Dont look at a primary home as an investment. A gain in home value should be looked at as icing on the cake.
When everyone complains about "BackRock selling ETF BTC.." Before it was the customer who had to make the decision to buy or sell, but with BR's own holdings.. they can do whatever they want in their fund.
Guys, there is no need to this hahaha. Here is the free link to the pt-bt version https://rothbardbrasil.com/wp-content/uploads/2022/06/Bitcoin-Red-Pill-_2a-Edicao_-O-Renascimento-Moral_-Material-e-Tecnologico-by-Renato-Amoedo-Nadier-Ro.pdf and the English version on Amazon https://www.amazon.com/-/pt/dp/B0BGNH8ZP7/ref=sr_1_8?__mk_pt_BR=ÅMÅŽÕÑ&crid=1SA4R8C1X6QC4&keywords=Bitcoin+red+pill&qid=1666148976&qu=eyJxc2MiOiIwLjYzIiwicXNhIjoiMC44NSIsInFzcCI6IjAuOTkifQ%3D%3D&sprefix=bitcoin+red+pill%2Caps%2C365&sr=8-8
I’m not sure if you are agreeing or not. I don’t think that any ETF will give you their underlying assets if you ask for it… just not how it works. You can however sell it and and buy bitcoins with the proceeds which is effectively the same. BR is the custodian, they just outsource to Coinbase to deal with it. It’s their responsibility as you are buying their ETF.
People buy shares. They do not get to see those bitcoins. I have strong doubts anyone called BR and asked for BTC in exchange for ETF shares and got the BTC.
The other dozen ETF operators are ok then. Everyone forgets BR isn't the only one.
Sounds like running it up at the table and losing it in the pits on the way out of a casino. Hopefully you still have some earning years on the horizon. Crypto was definitely big in the poker community back then, though I doubt 5% of the people engaging with it then and there actualized any significant returns. We will always hear of the few who hit it big, by some chance of pure luck or conviction, and wonder, "what if?" Such is the nature of comparison. I know I was using those funds to play and largely unconcerned with the price as it was treated as an uncensored medium of exchange. Transaction costs were a fraction of what they are now - so the concept of a digital cash was actually being utilized, with gas fees being a fixed tax on every on-chain transaction. Running a full node for Bitcoin core on my home PC probably saved me the headache and temptation to outsmart the markets by using intermediary trading platforms. Sounds like you had a high risk of Ruin in your margin trading. Were you calculating EV at the table and throwing BR management to the wind on trades? Were smaller markets being easily manipulated to liquidate traders? How much leverage are we talking, and curious what your risk profile looks like today.
Exactly. BR is a regulated spot ETF under SPIC insurance. OP is completely naked leaving stuff on CB
And that is why the mentally lazy among us will always lose in the end. They can't be bothered to challenge theirselves and will always rely on someone else for their protection and care. BR and CB are not your friend, they are just convenient......... for now.
There is a rumor that BR and Armstrong might be paper trading BTC for their ETF and settlement like 30 days out. That means they can basically manipulate the price. Taking my stuff off exhanges
BR not gonna get frozen, you will
The dynamics are changing, with institutions getting into btc. BR pattern with stock markets shows they ready to manipulate. They buying btc hand over fist soon they will have enough to manipulate the price. Once the control btc, don't they technically control most crypto since mist fluctuate with btc?
I see houses and BTC as the same really if you think about it. Your 2BR 2 Bath house will always be a 2BR 2 Bath house. 1 Bitcoin will always be 1 Bitcoin. Why drives the price higher? Is the answer possibly inflation? 😂😂😂
Denial is a dangerous human quality. This will be the largest rug pull in history and you’ll go down swinging every step of the way. BR and V teamed with Grayscale started the pull at 70 and they will take you all the way back down to sub 30s…I’m sorry but this is facts. Read dudes manifesto. They were buying months before they publicly announced interest in an ETF. With the in your face despite all the facts under your nose denial you folks show in your unwavering dedication to a digital asset with zero intrinsic value…you’ll do it again at 30 and call it DCA. Then they’ll sell their other half and see you at 20. Of you’re reading this, it’s not FUD, it’s logic. If you’re reading this, take your hopefully minimal losses and do your future a favor.
I think a good amount of whatever correction we see will have to do with the new ETF holders. Not because they’re “paper handed“ but because they’re savvy investors being guided by the likes of Black Rock and every single one of them knows what limit orders are. BR, Fidelity, Wisdom Tree, Ark Invest and all the rest got to where they are by knowing things we don’t. So buckle up it’s gonna be a bumpy ride, but I have every faith in the fact that inevitably number go up!
So this means this will become BlackRock's second ETF to ever get denied? From what I've heard, they have a splendid record, 500+ approvals and only 1 ever denied. I'd be *really* surprised if ETH is going to be so powerful for the SEC that it becomes BR's second denied ETF ever. There's actually a near 0% chance that's going to happen, if we're all honest here. BR always gets what they want.
Yes they did. And BlackRock was aware of the tokenizing prior to it happening. Archax made the selection of Hedera. BR agreed to the message that was sent. Some retail users misinterpreted the relationships but the actual message published was factual. Interview this evening with CEO of Archax confirmed details: “BlackRock was aware” Black Rock approved / allowed the communication/PR message to be sent I look at it as positive as a fund was tokenized, opportunities for any with the tech/relationships/vision. Lot of intense threads. Just the facts. We’ll all see how the tokenization of funds progresses and where that happens. Excited to see how this use case scales - no matter where it happens.
All of their inflows combined will be somewhere between what Fidelity and BR did individually. It's not a nothingburger, but it's also not a huge deal. What's important is that it's another big step towards global acceptance of BTC by tradfi so the US isn't just an anomaly.
And here we thought BR would be tokenizing on Sol /s
BR is not yet selling BTC to their clients. This is just them filling their bags in preparation of doing so.
Interesting. Definitely seems low but they’d likely have other avenues to recoup. I assume coinbase agreed to liability terms with higher limits for situations like negligence. BR might also have their own insurance policies.
That’s really great to hear b/c I would just assume at this point that you/your family (future family) are going to need to managing when/how (lifestyle/goals) you retire. And if that’s not difficult enough, you’re also going to need to adjust (save more!) as advancements in technology, AGI and healthcare systems continue to push the average life expectancy where suddenly you have this 10 year gap to fill. US debt has reached a point where social security, Medicare services can no longer be sustained without government assistance (debt) and that’s the point where kicking the can will no longer be an option. I would highly reading Larry Finks annual client letter. He dedicates the first half to Retirement which ends with a section on hope. This is the wake up call that we needed. Keep in mind, that letter gets distributed to both the institutions as well as the plan investors. For example Blackrock currently manages 1/2 of the countries public school teachers. And those are the folks that are likely to push this message as a warning—don’t assume the government’s going to step in and bail you out when you’re expected to live to 100, 110. Who knows? Definitely worth reading and sharing. Just google it and you’ll get a link to the BR homepage. 🙏
BR1. It‘s a pay-to-spawn, kill-to-earn shooter. But they have a free to play mode too. It’s currently still quite trashy in my honest opinion, but I think it has potential with patches coming every few weeks.
BR is not the only one. Did you know there's about a dozen ETFs? They launched those to collect what's called an expense ratio - that's how they make money no matter what is going with price of bitcoin. There is no adequate explanation for claims of controlling or regulating anything. ETF operators buy bitcoin ONLY IF people buy ETF shares. And they must sell bitcoin from the ETF treasury if necessary. These entities are not in business of pumping and dumping things and losing their own money in the process.
I believe it is a reference to The Matrix, which is also a reference to Alice in Wonderland. [Follow the white rabbit](https://tenor.com/pt-BR/view/rabbit-follow-the-white-rabbit-gif-5233808)
They won't. They have an institutional cold storage solution for high net worth. Due to them having a offline storage solution, means it's a slow process to liquidate. So that means even if BR wanted to liquidate all it's btc, it would take hours to do so.
I get the warning about circulating supply but If BR and Fink want to tokenize Wall Street they’re gonna have to pick some purpose-built blockchain to scoop up coins from on the cheap. How they could do this in a cost effective manner with a coin that’s already 90-100% in circulation I can’t imagine. As I understand it, they’re only starting to buy so being exit liquidity is pretty unlikely at this time imo. Of course no one goes blow-for-blow with 4-dimensional-chess-playing-infinitely-deep-pocketed BlackRock so there’s that. There are also three or four other big VC firms, including Fidelity that are eyeballing the top 15 (or more) RWA projects, and there’s substantial overlap across the top projects. For what it’s worth. IMO the bigger concerns is the BlackRock BUILD fund with its initial deployment of 100 million (a drop in the bucket for BR, I know) being deployed on Ethereum, and more importantly, the fact that BTC is gonna eat everything in a multi-trillion RWA space. Anyways, ear to the ground there’s a buck to be made in there somewhere.