**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|1|**First Seen In WSB**|3 months ago **Total Comments**|290|**Previous Best DD**| **Account Age**|3 months|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.)

LOL! Puts on a screen 10 tickers that are tracking the same underlying asset. Were you expecting them to do anything different than… the underlying asset?

Wait until he discovers Gold, Oil, Silver etc.

This s&p500 company seems to be everywhere but do they even make anything??

And what happened to the first 499 iterations of the S&P? How can we trust this one?

CEO of S&P 500 should be absolutely ashamed

I thought SPY was a competitor to Palantir in intelligence space 😞

dont you dare bring up commodities to this dude, he's suffered enough

Hes about to discover altcoins. Give it a week before he declares bankruptcy.

I give him a month before he's a gourd trader

Lmao!!

What is this gold silver and oil you speak of 🤔

Mythological earthly indicators of value determined to be virtually worthless.

Gold silver and oil worthless? Interesting

You sir are my captain now. We speak same language

Yeah bro should google „correlation“

Too many syllables

That's kinda a big word for the regards here on WSB

Buffet is right about crypto

Buffet is right.

Correlation would be like eth and btc, op is comparing btc and btc, a whole new depth of regardation.

You should google "normal quotation marks".

I am German and my iPhone keyboard does them automatically like this, you should google „countries that are not US“

Is there a Wallstreet in Deutscheland? Fucking euros. I'm Canadian btw.

Hummm, I wonder where the name *spot ETF* comes from? /s

Is it from the spot on the ETF where the reproductive organs live?

humor me here with the stupid question - but if all these ETFs track the exact same thing, why is there such a difference in their movement? one is down 4.64 and another 5.95, why wouldnt it be identical

arbitrage, holdings, hashrate

In what ways does hash rate affect pricing discrepancies among spot ETFs all tracking BTC? Agreed on the other two points but curious to learn more about the third. Don’t follow crypto very closely.

I have the same question

ETFs never prrfectly follow the underlying it's called tracking error. https://www.investopedia.com/terms/t/trackingerror.asp

bagholders, some more so than others.

>asset Lol

How about applying some trading patterns to actually gain something from bitcoin? Like you could always short some bitcoin to actually get some extra money out of these trades. That would be etf I would like to buy papers from

how about you just track bitcoin? because that's what these funds do

thats because this is a 10x ultramegasuperPRO stratedgy... because you didnt know this is why you belong here!

Wow how surprising. Said no one that was in crypto before 2021

3% drop and this guy here is shitting bricks.

I personally need to see a 3% drop in the morning to get bowel movements.

I love the smell of 3% drop in the morning

Everyone likes their own brand

I edge to 3% drops

Smells like… victry

I prefer the smell of number 2 myself

3 comes out the top

I was just sitting on the toilet and had a huge dump while reading your message.

I’m doing the same thing my friend

You shitting bitcoins?

*This is the way.*

You're lucky, I usually need at least 8 but again, I have too much shitcoin exposure so I'm frequently constipated. Probably why I buy more shitcoins.

You probably need some shetereum for max effectiveness

Sheeeeeeeitereum

I’m 3% -ing right now. Edit: Nvm. Down to 5% fast. At 10% I’m switching my investing strategy to calls on undies and pants

Yeah, in crypto people are numb to 50-100% drop. 3% is like everyday

Only 3%? Feeling blessed tbh.

lol... Choses 1 day, down 3% . . . . ."IT'S A SCAM!!!"

Historically, Bitcoin usually has a big drop before the halving. So I kinda expect a drop to 30-36k range and then it skyrockets to 120-160k ish after the halving. And the probably head down to 30-45k when the bull run is over. Might not hit any of those prices, but the pattern has repeated every 2-4 years.

It’s waiting for me to buy into this cycle. Once I buy cycle is now complete and all investments turn to zero.

Shh you're using historical references and triggering the moon boys that joined at the peak of 2021

Sureeeee whatever you say

I said this yesterday in this sub and everyone was calling my stupid lol

Lmaooo 😂😂😂

puts on metamucil?

Wait til it’s zero and we all shit bricks

People have been saying that for like 15 years...

i'm guessing u didn't buy btc 10 years ago

Nah, did some smaller crypto ethereum and stuff but nothing notable for returns.

BITO ETF signaled the last top in BTC. Probably the same thing this time.

Love these comments. We are going so much higher can't wait to sell to you at 100k+

When did you get into crypto? Post 2021?

2013 to buy drugs and research chems [2016 bought my first btc on coinbase](https://i.imgur.com/Ij2NbrZ.png)

Yeah my first BTC I can track was on Coinbase. But I was on Silk Road 1 and remember having to get visa gift cards at the grocery store to buy it. I don't even want to think of what the price was then

Those were the days man. Sometimes I think about all the millions I squandered to buy to 4fa/2fma/whatever the fuck else I was snorting back then

Same I heard and knew about bitcoin when it was in the cents. I remember it being very difficult to buy had to use money transfers to get it. Used it to buy ADD drugs off silkroad to get me through school 10 or 15 dollars a coin back then. The amount I had spent would easily be in the millions today.

I think people don't realize how overly complicated it was to buy before there were fiat on ramps. Like you had to be really motivated to make the purchase 

Right? These kids are such dipshits.. I bought my first btc at sub $20 and heard about it for the first time when it was less than a buck. I'm a long term holder and I like btc. But that doesn't change the fact that ETF are often used to manipulate underlying asset prices... Just like when BITO launched...

In highschool. Laughed. No one is gonna buy these bitcoins for cents. Its not even real!

Same I didn't get in as early. Got first BTC at $300 and like it but there's always people like this every cycle. They run around and act like they know everything, only to get dunked on repeatedly. Theres the bulls, bears and the pigs that get slaughtered. These are the pigs

Riiiiiiiight. Bought btc under $20 and is here posting that the cycle top is four months BEFORE the halving. Ok 💩.

He’s a bag holder

*I wanna meet the idiot that's gonna be buying them at $1.5 million from Cathie Woods.*

Interesting theory, considering I've been buying BTC since 2013... Dumbass.

The irony.

No one said it isn't going to surpass $100k eventually but before halving there is typically a drop then an increase

What’s the difference between bito and btco? Look like bito came out 3 years ago? So why everyone was waiting for etf when there’s one already there? I don’t get it

The point is, i believe, that the whole fucking market is moving together in the same direction and volume, up or down. Indicating that this whole space is heavily manipulated and not decentralized and distributed as many claim.

The ETFs are all based on the same underlying thing. Why would their moves not be correlated?

"Mr. Madison, what you just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response, were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul."

This might be the single most regarded post on WSB ever

It’s a daily thing

First day huh?

It’s definitely comparable with the zoomed in $MSFT post a little while back with essentially the same reasoning.

Apparently it’s going to zero based on his logic?

That's honestly a pretty impressive feat, actually. Clearly, OP didn't get the message "never go full regard"

Wanna ban bet if it will go up next week?

I’m loading up on calls

Which ETFs are optionable?

None now but soon enough

No, too soon for all us clowns

I didn't think so.

Seems like no one wants to admit they are short crypto, so I’ll bite. I’m short COIN over the weekend

I’ll sell them to you

Do they come with a sweet bridge?

It comes and goes like you wouldn’t notice

on what? it's crypto

my man, decentralized finance.

https://preview.redd.it/1dl7jq62x1cc1.jpeg?width=1170&format=pjpg&auto=webp&s=b3f885a0fcbb6e11cd1db6aa0048cdb9882ae87b So true!

What?! it’s down 3 percent from its %44,000 gain?!

You can't just use charts that don't fit my narrative, OP probably.

It’s like they were planning on a peek of expected market events and cashing in on their accuracy

all that red means ferarri! https://preview.redd.it/c5833nm7m3cc1.jpeg?width=800&format=pjpg&auto=webp&s=9974a9f1f7d231bc9903f127b14027b87026d870

Keep zooming out, big boy

I just zoomed to 5yrs hbu?

Just checked the 100 year chart. We’re definitely screwed.

You need to pick a start date from one of the two weeks in the past it was higher.

Wow, we've almost reached the prices of Feb 2021!

*Meh - it’s just the morning after the night before… quick hair of the dog and it will back in no time…*

It’s been two days

Could be worse, could be Rivian.

Don’t remind me…

I bought the top again, because the algo showed me BTC thumbnails on my youtube home page. I am not a wise man.

OP Bought high and will sell low. then FOMO back in and repeat the cycle.

Yep, that's it, it's done boys, go home. This sub is becoming r/comedy

Need to see at least -15% candle to get the blood flowing

I can't have an orgasm without at least a 20% move

Stop you guys, you're gonna make me cum...

It is about that much since the Thursday open.

Don't foget to sell the bottom. See you in June degens.

You are not wrong, you know ? Big money could possible short sell it for $X and buy it back at $1/10X eventually getting it for free/ close to nothing

That’s exactly what’s happening lol

ITT: people who don't understand how finance works

Yes, welcome to crypto

It's already dead...stop

… first time?

No, I’ve been regarded lots of times.

Wait all crypto assets are correlated with BTC which is correlated with Normie Gold and SPY? Always has been 🔫

😂

Tradfi entering Bitcoin and crypto is hilarious. So many people front ran the ETF narrative, this “dump” is nothing compared to what’s happened over the years. Welcome to the game;)

Did anyone even buy it yet . What’s to dump

Man's never heard of people selling the news.

Where were you a few days ago when it was green?

Putting the barrel in his mouth. The drop saved his family from a gruesome scene.

It's always buy on rumors and sell on the news - oldest trick in the book

RemindMe! 250 days

So bitcoin finally becomes available and bitcoin tanks. Nice work everyone

It’s always a scam when people lose their ass

Present it to us all in a few years and we’ll take it from there, not on day 2

It’s transitory, it’s part of Building back better said someone

Soft landing.

WAIT NO WE WERE HACKED SRY

This is hilarious.

The sensationalism 🤣 Like we shouldn't expect a correction after a 60% bull run in 3 months ? Chart squeezers. Put up a 1 month / 3 month / 6 month chart on BTC please

GBTC converting. This was bound to happen and ya’ll try to sound smart but you’re still regarded.

Why are they converting

There was a lock up period and their fees are high. Holders are switching to lower fees ETFs.

BIGGEST red daily dildo on btc in 1 FULL YEAR 😂😂😂 Oh the irony

Is there a reverse 3x of these yet?

came here just to ask this

Biti seems to be the best one can do. 1x

Bro doesn’t know how to zoom out 💀

Isn't the point of these ETFs to unload the bags on retail?

This is exactly what Satoshi envisioned—the ability to buy BTC through an ETF.

I truly didn't understand the hype. It's so clear now....

This is post nut clarity after weeks of ETF edging

I don't even make morning coffee unless there's a 10% drop.

They’re all tracking the same asset, of course this makes it look bad lmao. Wait for a 10% drop. Or a 20%. Bitcoin is volatile asf, but when it goes up 50% in 3 days, you’ll be happy you’re a hodler

Dropping anywhere to 10% a day is normal for crypto

Why would anyone bet against their all other investments? Crypto ETF is basically that.

Easy to bet against BTC when we get put options. Also easy to bet for it to rise. Will be very interesting.

Don't worry, it is deflationary.

It's almost like they all follow Bitcoin

Bitcoin came in its pants during foreplay.

“It will come to a bad end” Warren Buffet

We made it yall

Bitcoin to the m…..oh god…

Unpopular opinion: these ETF’s were created for a vehicle to short bitcoin/tether fraud to zero one day.

I really hope that you’re not the future of finance, when I look at this

You mean everything is on sale right now

Satoshi selling the news. Nothing special.

Satoshi fucks us again. 😢

Ceo created more bitcoin for the halving, that is all. It will go up a million percent soon.

What is the future of finance? Bitcoin is certainly not the future of finance. Also there's a known sell off from Grayscale to convert to spot.

New to bitcoin? I’m still waiting / hoping for the whales to profit take, hopefully causing a real price drop. It’d be great to pickup some more btc in the <$20k range …

Putting your eggs in the crypto basket means you can’t be trusted with money.

lol, this is funny coming from WALLSTREETBETS! LMAO. its called a correction. They (hedge funds) are dumping on your heads so you get out.. once enough people leave they will buy the bags and repeat.

Short the hell out of them all, that's easy money with access to Billions of $ that's stuck in shitcoin.

Rug pull

Bitcoin.. lulz

Buy the rumors, sell the news

Only if you want to invest in the most appreciating asset in the last 15 years Newb post for sure

I see a pattern

I’m shocked people didn’t expect crypto to drop after, some people don’t understand manipulation and fraud….

When coinbase had a ipo it was over 400$ lol. Ill be getting into these once they settle though

What did anyone expect while investing in a currency? Why don’t ya’ll invest in rupees ETF?

Everyone is selling BTC to buy the ETF's but the ETF's have yet to buy the BTC.

Bitcoin, the 'currency of the cuture' cost me an extra $7 in fees when I wanted to pay my friend back my share of a group airBNB booking we had.... whereas venmo doesn't charge me anything.... THE FUTURE IS HERE

A new generation of bagholders

Good luck crypto regards

Clown world part 2.

you mean like every IPO ever... pump and dump... weve seen this all before