SPY

n_shwila

Go buy the SPY instead

WhiteFluff21

Ah well I wanna swingtrade, for fun. My plan was to swingtrade and move half the profits into things like VOO, SPY, and whatnot. But Im not the greatest, yet. Idk

Studio_2

In the past 5 days combined BTC has gone down as much as the SPY in ONE day (widely regarded as the safest place to put your money in)

millennial-snowflake

So SPY is *actually* at 542 and BTC is at 64.4k. nice predictions there buddy you might actually do better with a magic 8 ball. 😂

SnooEagles2610

I did this as an entrepreneur myself by paying enough of my house off to buy another house and rent the original property out. Rinse and repeat. Then with no debt snowball paying off one property and applying all rent to the next. Rinse repeat. Fast forward… 6 paid off homes (5 generating income). My job pays all of my bills at 1/4 of what I make. I invest the rest along with rental income. I live “small” and have zero worry if any financial problem comes up like a new roof or total my car because I can handle it with current cash flow. I focus on my business and not blowing up the “golden goose”. My investment portfolio is 50% real estate, 25% Bitcoin, 12.5% SPY, 12.5% QQQ. Hope this helps.

dreggminster

Finally, BTC is now decoupled from QQQ/SPY

Studio_2

Bitcoin is following tech stocks and the SPY which are having 2 terrible days in a row because of trump

GenericUser01234567

I panicked when I had only Bitcoin, less when I added SPY, even less after metals, breathed easy with e fund, and recliner fully back after Pokemon (go ahead and laugh) Sometimes people need to hear what they already know so here it is: if having only Bitcoin makes you nervous, acquire other assets.

No_Anybody4267

Hear ya but apple makes up 45% and when ppl hear diversify maybe they go SPY for ease. Does not make much sense.

AffectBrave6854

I get it. Personally, I'm in a position where I could probably do both - retire early and not sacrifice a full life.  Re:  diversification. It's funny, I used to be very diversified, but now I really only believe in two things - bitcoin and to a smaller extent semiconductors. That's the extent of my diversification. No SPY, QQQ, bonds, real estate, dividend stocks, any of that.

Oheson

Annualized Growth since 2011: * Bitcoin = +145% * QQQ = +16.3% * SPY = +13.7 * Mid Caps = +10.4 * Preferred Stocks = +4.4% * REITS = +7.2% * IWF (Growth Stocks) = +16.3% * Gold = +3.5%

markphillips401

Divide it by CPI and you'll be very disappointed. Divide it by p/e10 and you'll be disappointed again. The SPY 500 is up, but the relative value is definitely not up 30% :)

markphillips401

https://www.pricedinbitcoin21.com/landing Over 4 year spans bitcoin wins against all other assets. You have to think BTC over the long haul. BTC is going up over the long term, partially because people are seeing that even with a 15 percent return on the SPY, with the prices of everything else being inflated, this is not really a 15% return. Check out the s and p relative to CPI annual inflation and you'll see the index is actually chopping sideways, so the value has been more or less stagnant. We're just seeing printed dollars going into markets, not creating jobs, not trickling down, just making the gap wider. Bitcoin is the hedge against a broken system.

jwz9904

when SPY retraces.....

Starkey18

Wow crypto is just dead lol. Those sexy SPY gains are just too tempting.

CertifiedMacadamia

The etf and investing subreddit is just a VOO SPY circle jerk.

trybius

You’ve literally got a cheat code to life. Don’t day trade it away, like people here are saying. Put it the SPY for now, take the passive income, and at the next housing crash buy a nice place in cash, and be setup for life.

Virtual-Baseball-297

Bro Chuck the 600k into the SPY and get 8% ROI per year ? 🤣🤣 Good luck on your journey

eucIib

Bro you can’t stomach this? I agree, crypto is not for you go buy SPY bro.

MaxSmart1981

Sounds like a sunk cost fallacy. If you truly are done with crypto sell and put it into something safe like $VCC or $SPY. It may not give you moon gains but it will grow over time. Crypto is tricky and people get sucked into meme coins or caught up in narratives and a lot of it is just patience, luck and knowing when to see. Three years is a long time, but if you had put everything into btc or eth you would def be in profit, which is why most of my portfolio is BTC and eth. Most bull runs start w grandpa, then the top 5-10 and then expand out (the alt season everyone talks about). Some alts moon in bears so I invest in *some* alts, but usually new projects and once they head up I take profits and put them into btc or eth or just keep some for dips. It's a decent strategy but not perfect. I've definitely had a lot of down days. Like I said, you sound exhausted. Even if you don't sell, take a break. I see you on here every day and I feel like you are driving yourself mad with anger and frustration. Not a good way to live, mate.

Warrlock608

I DCA $SPY when bitcoin is over my comfortable buy threshold. No reason you can't invest in multiple asset classes.

3luyka

lol, look at the SPY

mattymoyanksfan

SPY and btc. Must be looking at different charts

veegaz

I'm still massively in profit thanks to consistent DCA Already sold a bit for some positions in SPY, QQQ, USD

veegaz

In fact I've already sold a bit for some positions in SPY, QQQ, USD as well

Chambana_Raptor

God...this. I had a PhD coworker CONVINCED he was a genius. Total Superstonk GME ape. He sold a $250K apartment and put it all into GME ~2022. He put $100K more in from his salary between then and about 6 months ago. He refuses to even ride the waves. Only diamond hands until his shares are "$1MM a piece". According to him, his wife has no idea what he's done. That poor woman is pregnant and the dad is doing that shit behind her back. I can't imagine how much money he lost vs. putting it in SPY even. My Roth is double what it was in the same timeframe.

Upstairs-Cookie3201

Personal advice, keep BTC at no more than 1/3 of your total portfolio, rest go all in on SPY or another S&P500 ETF with a low expense fee.

Charming_Jury_8688

I'm pretty sure there's still ways to invest in SPY that are halal.

Soft-Reserve5391

Great advice, I can’t invest into most other assets due to religious reasons (I’m a Muslims and most other investments are partially incompatible e.g SPY includes companies that deal with alcohol so that’s off the table) Only other thing I could invest in is real estate or physical gold

Charming_Jury_8688

I say DCA into other assets (and maybe btc too). Nothing crazy maybe 10% (SPY, Gold, CLOs). Youve done the hardwork, you know how to save and grind. Just life advice: Dont ever put yourself in a position where you lose your btc, obvious things like DUIs, marrying the wrong chick, buying a money pit house. Have a emergency fund so you never need to sell your assets. You've done the hard work, now you need to protect your capital. This is actually the hard part. PLEASE FOR THE LOVE OF GOD, TELL NO ONE YOU HAVE BTC. You're still young, your next goal is to figure out what is important to you- it may not be what you think now. So try different things, make small mistakes, learn from them. You have lots of time. if you stay healthy your 30s are going to be lit. Trust me as a 32 year old dude, its like 20 but with more money and respect (if you play your cards right).

Ikensteiner

This. I have no plans to use it for currency. I don't buy things with my Gold, or SPY/QQQ, etc. Another form of wealth storage.

RSomnambulist

You want someone who is attacking one thing you believe in, or ten things? If you have more money in the stock market than crypto then you should really give two squirts that old man Biden is mad about computer money he can't understand and be more worried about SPY imploding when Trump drops income tax for tarrifs and everyone making less than 500k a year stops buying shit because companies had to raise the prices 15%.

Oheson

But...but...Bitcoin is correlated to the stock market you people say. Surely, the SPY will follow the Bitcoin 4-year cycle, also, right?

veegaz

Sell your profits in SPY then dump in BTC. Sell your profits in BTC then dump in SPY. Rinse and repeat, ez money

moonRekt

Better sell BTC so you can FOMO into SPY then. Get out while you still can!

Soil_Electronic

SPY 500 at ATH and BTC is red

Careless-Maize-8915

But who wants bonds for the capital appreciation? Granted we are in a bizarro world right now, but generally rate cuts means stocks go up. So it seems silly to hold bonds for cap appreciation when you can get a much higher return with VOO or SPY. Which are typically very low risk. But to this fellas point I agree, once rates start getting cut some serious money will start flowing to Bitcoin.

__chrd__

That $250k from a life insurance policy, cash (like a sale of a property), or something like an inherited IRA? I’m in the middle of all that as we speak. I can certainly provide recommendations, that also include BTC investments, but just need to know the source. 0dte $SPY calls were tempting but be smart you madlad. This $250k will multiply big time, I assure you. But these bonuses don’t come often in life. BTC is up like 0.4% over the last 90 days with many opportunities to have buy in wrong.

Starkey18

When SPY is pumping and macro is good? With an 8k drop in price? Probably remove the /s on that one

Starkey18

Should have just bought SPY

oumuamua21

Everything is undervalued right now, imo especially ETH. Considering that the ETH ETFs can start trading on July 2nd, you know how everyone gets surprised by these news when we are close to the date. I see a great leg upcoming. Also, check that SP500 and Nasdaq are at ATH. All the profits will flow to crypto, the easiest way being through SPY and QQQ to the BTC and ETH ETFs. Not only ETH, but everything in the crypto market is also undervalued in this macro scenario.

Charming_Jury_8688

btc is a good proxy for global liquidity. it's fair to say global liquidity will be going down in the near term. The "higher for longer" Fed game plan looks serious, I bet SPY will be feeling this pain too in the coming weeks

brkinard

DJI is highly correlated with crypto during trading hours.....not IXIC or SPY. Like every weekend, btc is back exactly at price when market closed on Friday at 4. Happens every weekend.

moonRekt

Buyin le dip today for myself. Except I wanna liquidate all my wife’s holdings and just put her shit in SPY or let her pay some female financial advisor to manage her money. If I earn her a ton of money I get no appreciation, tired of it

Starkey18

Yeah it kinda sucks. Then out of the blue it does +20% and you have fomo to go back in. Think I might just sell up and leave it on SPY

mallison945

BTC is basically 2x SPY. This is a bad thing btw

CaptainDr

The people are distracted by NVIDIA fomo they are all gonna keep chasing Apple, NVIDIA, and SPY calls until the bubble pops

drparapine

I converted 100% of my Roth to FBTC (out of SPY) as soon as it opened. Yes there's always a risk with the ETF that the government passes a 6102-like law that forces the custodians to hand over the BTC in favor of USD cash equivalents at the time of the confiscation, with a subsequent jump in the BTC price just like gold had when FDR made private ownership of it illegal in the 1930's. Nonetheless, I sleep better at night knowing my Roth dollars are in a real hedge to monetary expansion like BTC.

AllUrUpsAreBelong2Us

Kind of like SPY or DOW going up and Up AND UPPPP!!!!

Warrlock608

I've been buying btc in the low 60s and render under $10. If they remain over those levels I'm buying $SPY and some speculative plays like gene editing. Pretty happy with this strat so far.

Filthy_Casual22

He's suggesting traditional market ETFs, not Bitcoin. SPY, QQQ, VOO, pick your poison.

jmarino11

My emergency fund sits in the SPY(sp 500). Only hold enough fiat to pay my monthly bills.

KlearCat

If I could spend bitcoin tax free (say for purchases under $200), I would spend it and replenish it as needed. > But when it comes to BTC most people perceive this as “investing” money, they’re not buying BTC to spend on goods, they took care of those needs with fiat. We can clamor for hyperbitcoinization and the global downfall of fiat all we want but tgat is NOT how your casual newb coming into this rn now is looking at it. They’ve been seeing tales of people making crazy returns every 4 years in the news cycle for more than a decade now. They buy BTC almost exclusively on the hope of “number go up”. I mean spend a week in this sub. How often are you gonna hear the legend of Bitcoin pizza or “man I bought an 8th of weed on Silk Road 9 years ago and that woulda been a car now womp womp”. Nobody wants to be Bitcoin pizza guy (aka the literal meme of bag fumbling). Those same people know that if you buy and hold SPY or some other ETF for 20 years you will make huge gains. It's all investing. Replace bitcoin with any other type of investment. And when you need that money, you sell your investments. It's really that simple. It has no negative affect on people using it as currency. (Also keep in mind that the reddit hivemind and memeworld is not the real world. This is anonymous posters. Most people that I know in real life who own bitcoin don't go on the bitcoin subreddit or even know that it exists)

TtradesTOwin

It’s seems like you are interested in both BTC and SPY. A solid move would be to slowly average into additional positions in both of those assets. I make it a habit regularly add to my stock portfolio , bitcoin stash, and other investment holdings. Good luck!

toomanyjackies

If you finish your computer science degree, you'll have plenty of money coming in during your career so you have leeway to be more aggressive. Buy a whole coin while it's under $70k since that's probably close to the future cycle bottom. Put the rest in ETFs like VTI/VXUS or SPY. Don't touch "crypto." Bitcoin only, put it in cold storage and keep the key secure. If you don't trust yourself to keep the key safe, buy a Bitkey as a starter cold storage wallet -- it's multisig and Block has no access to your funds because they only hold 1 of 3 keys and you need 2 to do anything. Good starter wallet to protect against user error like leaving keys out for a roommate to find

moonRekt

**crushed** the markets today! My alt heavy crypto portfolio not so much, but the Grayscales in my brokerage and retirement portfolios going to the moon. I can’t believe people didn’t buy Grayscales when they were trading 30% discount, now I get to sell ETHE and soon GDLC and self custody that coin I was an early adopter/degenerate, I bought crypto in my retirement portfolio years ago and FINALLY broke my ATH lol sucks thinking had I just kept it all in SPY I’m sure I’d be better off today, but hopefully this is just the beginning

Affectionate-Bread84

Agree. If SS invested in SPY when 2nd Bush proposed then the SS trust fund would be frothy. However, it looked like untethered greed at the time and 2033 seniors will pay the cost in of principled Democrats of 2001. Government strikes again.

guyincognito121

If you're going to invest in anything that you expect to appreciate, just buy what can afford now with what you have set aside for investment, then DCA from there. A lot of what you said related to trying to time the market, which is a great strategy for losing money. Don't worry about where the price has been and what you expect it to do in the next few months. If you could actually make such predictions accurately, you wouldn't be asking anyone else for advice. As for BTC vs SPY or whatever, nobody can answer that for you. It's a matter of your overall financial situation, and your risk tolerance. If this is the only money you're investing, most would tell you to put most into SPY and a very small amount, if anything, into BTC.

landLORDx

Buy Bitcoin on CashApp during the next bear market which should be around November 2025. Sell it via Cashapp the next bull market, which should be sometime in 2027 or after the next halving. Could sell it earlier in the bull market like April or May 2027 on its first bull run or wait until November or December of 2027. Personally, I purchased an entire BTC for around $17k on Cashapp November 2022 and I have held on to it for a year and half or until the next bull run which is happening now. I could sell it today and make nearly a $53,000 return in just a year and a half. Now that’s a profit but it takes patience. Gold isn’t going to bring you those kinds of returns nor will SPY. Maybe GBTC if purchased during the bear market….You can still make a lot of $$$$ w/BTC if you have patience and can complete 8th grade math.

speedskis777

DCA into the S&P500 (SPY) and call it a day.

d_god69

Don’t believe it all. Some people make up lies… others photoshop … some are just lucky but lose it all because they have gambler mentality (think about the dude that all-ins their life savings everyday on SPY calls 0DTE)… only a statistical few are really winning.

CrabbitJambo

Came to throw a bit shade on this as I’m not sold on ETF’s. That said it states iBit etf holdings are worth $19 Billion. From what I can see SPY is the top held ETF at just over half a billion 👀 Am I wrong?

Informal_Locksmith12

All in Bitcoin is the way. It is the only asset where you can have real ownership, it is backed by energy, it is global, decentral8zed, and it allows you to take your wealth wherever you go. It is the first asset of its kind. Understanding that it is the best way to hedge against current instability is crucial. Now, to do this safely, there are two very important considerations: time and security. The minimum cycles to see results are 4 years. And security is important, always self-custody in a cold wallet and do not have everything in one wallet. I did it in 2016, and I don't regret it. I always invested all my extra fiat in Bitcoin. I'm considering selling 20% next year to buy SPY 500.

lonecyclops

Sure did. My SPY calls are doing great lol. My Bitcoin ETFs are breaking even. If things keep goin up I'll be in the positive on that once Bitcoin hits 68k.

Brushermans

This shows not much except that it's correlated but more volatile. If you took bought SPY 2x on margin you'd have been down way more during the covid crash but have made way more than SPY today, for no reason other than you took on more volatility and risk.

LiveDirtyEatClean

Yeah i think this is really interesting question to the near term performance. (not that i'm high time preference or anything, but this should be entertaining) I don't think its impossible that bitcoin would outperform while the stock market is tanking in some self off scenario. The scarcity is unlike any other asset and if others flee to quality (bitcoin), it could become a self fulfilling loop, where others see the price holding strong while SPY is dumping. I don't think its the likely outcome, but i do see it being possible.

Charming_Jury_8688

I know I'm hitting you with a lot of information but it's totally worth the headache. One last thing is if you feel good about the wheel strategy for IBIT, you should consider using that strategy for SPY. If I was you, I would use 50k to just wheel SPY, it's not like this will make you rich but you can easily pay bills. I also like wheeling SPY because it's low risk, literally everyone owns SPY. When you figure this stuff out, you're going to wonder why they didn't teach us this in school. "What are the risks? Dont blow smoke up my ass and call me a chimney, theres always risk!" Yes, SPY can be in a bear market and this can last around 10 months. Thats 10 months where you just sit and wait because you dont want to lose money. This is what I do, I have money set on the side for when I need to hunker down and weather through shitstorms. If you can understand the wheel strategy and how to stay alive during those bear markets you're golden broski! I wish someone taught me this stuff years ago and that's why I'm passionate about telling you.

Charming_Jury_8688

For every buyer there is a seller. When you hear options think (100 shares, also referred to as one contract). (1 option contract equals 100 shares). So let's say you accumulated 100 shares of IBIT. Let's say the price of each share is $100. When you "sell a covered call" what you are doing is selling an option contract. You pick $110 strike price to "sell a call" 30 days into the future. Someone is "buying that call" Here's where things are interesting, the buyer of that option pays a premium to you. You are collecting a premium for selling that option contract. The buyer is paying a premium for buying the option contract. Cool! The deal is made and two things occur. 1) IBIT is NOT at or above $110 after the 30 days. The option contract you sold is worthless to the buyer. BUT you still collected that premium. And you still have your 100 IBIT shares. 2) IBIT is at or above $110 after the 30 days. You will give your 100 IBIT shares to the buyer. Keep in mind that you bought IBIT a year ago when it was $40, so you sold your shares at $110. 110 - 40 = $70 profit on each share. That's 7k in profit + the premium. What are the downsides of covered calls? Let's say something ridiculous happens and bitcoin goes to $500,000 overnight. Your gains are capped at the strike price you set. This is why I say, just keep some shares forever. Covered calls are low risk but the gains are limited. "Why doesn't everyone just sell covered calls?" Because you must actually have the shares to sell. "So I hit my strike price, got a sweet profit, now what?" Now you "sell a put" you pick the strike price of $90 for IBIT 30 days from now, someone buys your put and you collect a premium. Two things occur: 1) IBIT is above $90, the contract you sold is worthless but you still have that premium. 2) IBIT is below $90, let's say $89. You have bought 100 IBIT shares for $90, that's $9000 but it is currently worth $8900. So you have an unrealized loss of -$100. You can take those 100 shares and sell a call again (just choose a price higher than $89 otherwise you would lose money when you sell). "Why doesn't everyone just sell puts?" Because you must have the money necessary to execute that trade. In order to sell a put you need the $9000. Most option contracts expire worthless, this is why being a seller of options and collecting premiums is better than buying options and paying that premium. Options are not easy to grasp and it sounds confusing but what helped my understanding is using calculators. [https://www.optionsprofitcalculator.com/calculator/covered-call.html](https://www.optionsprofitcalculator.com/calculator/covered-call.html) Practice with SPY and select "write" (write = sell) on the calculator. I "write" (sell) a covered call for SPY at a strike of $521 for May 14th. I collect a premium of $138.

jacd03

SPY is less than 1% from ATH and we are getting meme stock pumping 100% gains in a day, yet crypto is crabbing, everything seems dead this time. Hope we get something going from tomorrow and wednesday news..

CryptoMemesLOL

The issue is that Bitcoin has been correlated with risk assets for years now, so unless it decouple from it, SPY and Nasdaq will take down BTC's price with them.

DarkThoughtsOfALoner

SPY is ok but QQQ is better. Also if, if you ever see a 10-20% dip in the market I’d say 20-30% into QLD or even TQQQ is phenomenal.

Frogeyedpeas

Once we start looking at multi-generation trends then the situation gets more complex. There are EXTREMELY few single stocks that were considered good investments in 1990 that are worth shit today. On the time horizons you are talking about the average financial advisor and the average beanie baby collectors are about equally effective at finding value. Saying something like buy the SPY, where you don't commit to any one particular asset and rebalance as generational trends change are the only kinds of strategies that make sense over those time horizons.

JoeyMcMahon1

Dude. Just put money into SPY. Crypto is a gamble. Too risky. High risk high reward. Most of the time you’ll lose.

slightlyfaulty

What you're talking about is investing more than the cost of your expenses, which is not at all the same thing. Staying solvent is another issue entirely. What you can afford to lose and what you're willing to lose have very different implications. Your house and car are also investments that can go to zero just like anything else, but you determined they were affordable and low risk enough compared to the value/utility they provide. Are you willing for your retirement fund to go to zero? Would you expect SPY to go to zero if you invested in it?

slightlyfaulty

My issue with this mantra is that not all investments are equal. Buying SPY or gold or a random penny stock have very different chances of going to zero. You're also always exposed to risk one way or another. Just holding dollars exposes you to loss by inflation, tax on interest, bank collapse, asset seizure, war, etc. The same goes for a house, a car, a retirement fund, there's always some risk of loss, be it gradual or sudden. At the end of the day we're all placing our bets whether we know it or not. Most importantly, if you're investing in something that you think by some reasonable chance can go to zero, then you're really just gambling not investing. A good investment is something you've researched thoroughly and identified all the scenarios that could cause it to fail so you can allocate according to your R/R assessment. If you're just throwing money at things and closing your eyes you're not investing. "Don't gamble more than you're willing to lose" is more accurate imo.

Plastic_Assistance70

That was my point, if crypto follows SPY and Mag7 then it's not "easier to predict".

Plastic_Assistance70

So you can easily predict SPY and the Mag7?

jacd03

It was SPY, BTC just followed traditional markets..

truckstop_sushi

zoom out and realize BTC has a negative 3 year return.... all those 2021 purchases could have done way better in boring and safe SPY

A4_Ts

I kinda like it this way in the sense that it’s easier to predict. It’s almost one for one with $SPY and Mag 7 haha

Starkey18

RSI of 4 at the moment…. Imagine if SPY was at that.

Oheson

BTC is still the Goat: 2024 YTD... Bitcoin $BTC: +43% Crude Oil $USO: +18% Gold $GLD: +11% Silver $SLV: +10% S&P 500 $SPY: +6% Nasdaq 100 $QQQ: +4% Emerging Markets $VWO: +3% Developed ex-US $VEA: +2% Cash $BIL: +2% Small Caps $IWM: -2% Aggregate Bonds $AGG: -3% REITs $VNQ: -9% Volatility $VXX: -12%

Oheson

BTC is still the GOAT. 2024 YTD... Bitcoin $BTC: +43% Crude Oil $USO: +18% Gold $GLD: +11% Silver $SLV: +10% S&P 500 $SPY: +6% Nasdaq 100 $QQQ: +4% Emerging Markets $VWO: +3% Developed ex-US $VEA: +2% Cash $BIL: +2% Small Caps $IWM: -2% Aggregate Bonds $AGG: -3% REITs $VNQ: -9% Volatility $VXX: -12%

AssmunchStarpuncher

CMON GUYS...it's everything...MSFT, Nasdaq, SPY, TSLA, GOOG - ALL RED - sheesh. Bitcoin isnt some special in a bubble thing. The market EXPECTS Powell to become hawkish or WORSE. It's going to be a bumpy quarter. strap in...or on...whatever your thing is.

Icy-Expression-5836

Forget about TA on BTC chart. Bitcoin will more or less follow what SPY does.

Starkey18

Absolutely the same for me. Last buy was around 44k. I wouldn’t put anymore in now. Much more tempted by SPY at 500

iamexercised

yes Archax did, not blackrock. Archax purchased Blackrock MMF and used hedera to tokenize it. Many other cryptos did this in past with Apple, Google, SPY as well. Doesn’t mean blackrock is aware just like how Apple wasn’t aware

SpartanVFL

Some have utility. But they’re all still very speculative investments. That’s why you typically see money move out of gold into stocks, then shortly after investors get risky and move to Bitcoin, then at the end they start moving into alt coins. Eventually the bubble pops but alt coins represent the end of the bull run as they are the final and most risky assets to invest in. Many here will preach about the halving but you should pull up a chart with SPY, Bitcoin, and altcoins and you will see what I said above happen very clearly

HSuke

Even if Blackrock did direct the creation of the RWA tokens, it's really not a big deal. Archax said themselves that there are concerns these are securities and would not be available in many jurisdictions. Back in 2020-2022, there were already plenty of tokenized RWAs of stocks and ETFs (like SPY, QQQ, MSFT, VTI, AAPL, GOOG, TSLA, etc.) tokenized on Solana, Ethereum, and Gnosis chain. Ultimately, no one was interested in them, they hit legal issues since tokenized ETFs and stocks are securities, and they disappeared.

cyclicamp

Because there’s a pretty standard calculation for correlation you can do and btc hasn’t been remotely correlated to SPY until very recently. Unless you consider “number go up” a trend, in which case yes, both numbers have gone up.

Premier_Legacy

SPY about to leg down hard. All markets will follow 🫣

somewhat-profitable-

probably not. the market itself is in a precarious position-- until SPY finds its footing and resumes its bull run, crypto will suffer.

Jvhowube

Feels like BTC is just a leveraged SPY tracker

LolWhereAreWe

SPY down 1.25%, hell of a bloodbath

Premier_Legacy

SPY is due for a healthy pullback , pretty normal though. Btc has just become leveraged nasdaq though, so it will probably eat shit. And alts are leveraged btc and eth liquidity, so they will eat mega shit. So, make a play

Frogeyedpeas

I predict just a bit below 69k or whatever previous ATH was. People think bitcoin hit $18k (which is just shy of $20k old ATH) because of FTX. The truth is whales were always going to sell off and dump it to that price whether FTX happened or didn’t. If not FTX then they would blame interest rates, or the SPY crashing, or the Russian Invasion, it doesn’t matter. 

TokenGrowNutes

I’ve never seen a time where altcoins go down when BTC doesn’t. BTC is the SPY of altcoins- they all move lockstep.

cryptokingmylo

I only invested what I could afford to lose which ment putting in like 100 bucks a month for my DCA. I reached a point where my exposure to crypto was too big so I started to invest into SPY. I'm still massively over exposed to crypto 😂 Hindsight is 20-20, crypto was much smaller and volitle back than, I see people panic here now for 5% Dips......

TheBalloonEffect

Options on the SPY

Starkey18

The majority of people here accept crypto as a whole Is a casino. Bitcoin on the other hand is now considered to be a globally recognized commodity. Whilst it’s riskier than stocks im more confident of a 2x in Bitcoin than a 2x in SPY.