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Who cares about $25bn? These guys hacked the SEC, made huge announcement tweet, and only got a 3% move from that. More over, they only had a 10 minute window t
by Workaccount2 3y ago
Who cares about $25bn?
These guys hacked the SEC, made huge announcement tweet, and only got a 3% move from that. More over, they only had a 10 minute window to close whatever positions they had before BTC crashed through it's pre-hack price.
There is a fair chance that they actually lost money on this play, lol.
- mekster 3y agoThis wasn't a pump and dump. If they wanted to, they should've posted about a rejection when it was 95% surely going to be approved and with a long squeeze happening along the way, they could've easily gotten a 10% movement down and back up.
- deleted 3y ago[deleted]
- yreg 3y agoThe expectation is that the ETF is going to be approved very soon, so it's priced in.
- dannyw 3y agoShould have tweeted something like filing charges against Ethereum for being an unregistered security.
- nullandvoid 3y agoYou can 100x leverage on a lot of sites, that 3% now = 300% gain. As you say though 10 mins is a small window, but they could have easily set a Conservative stop on doubling their money with only a 1% gain.