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You think that there is the equivalent of 3.8b dollars of inflowing to Bitcoin specifically every day? The total amount individual traders put into stocks in t

You think that there is the equivalent of 3.8b dollars of inflowing to Bitcoin specifically every day? The total amount individual traders put into stocks in the first week of the year is ~7b. Is Bitcoin actually > 3x higher than that? https://www.bloomberg.com/news/articles/2024-01-05/bofa-says-investors-rushing-to-cash-at-record-pace-in-first-week https://www.bloomberg.com/news/articles/2024-01-05/bofa-says...

nimchimpsky 3y ago
they didn't say that, they said 3.8b of volume
yieldcrv 3y ago
the new ETFs have had inflows that high over just the last week, so, yes? if bitcoins price has barely moved by ETFs that buy bitcoin based on how much people bought the ETFs then yes there is that much liquidity
- thisgoesnowhere 3y ago
  The bitcoin ETFs have had 7b in us dollar inflows in a week?
- loeg 3y ago
  The ETFs had net inflows of less than $1B. GBTC had significant outflows.
  - yieldcrv 3y ago
    I probably had not been reading net then, thanks. Looks like the German government will have no issue liquidating their amount quickly over several trading sessions, venues and OTC if they desire to
roenxi 3y ago
A billion dollars isn't a lot of money any more. We could start seeing trillionaires appear on stage in about 25 years; which would imply "billionaire" being what millionaire is now.
- thisgoesnowhere 3y ago
  I'm talking purely in relative terms to the entire us stock market.
mightybyte 3y ago
Those numbers aren't new inflows of capital into Bitcoin. They're the total volume traded both buys and sells. There are traders, market makers, etc both buying and selling many times a day, and anyone wanting to make large block trades can get a sufficiently modest piece of that. 5% is very achievable with very little price impact even in markets with lower liquidity than Bitcoin.
- thisgoesnowhere 3y ago
  All that matters is if there if fresh money coming in and how much there is if the German government tried to sell. We have no idea how much money is fresh and how much there is wash until someone places a legitimate market sell for a large quantity of BTC. I'm not saying it is wash trading since I don't have a cristal ball or insider info but after the recent lack of price action from the ETFs, it doesn't suggest the existing volume is legitimate.
  - mightybyte 3y ago
    > All that matters is if there if fresh money coming in Every time a trade happens, someone is "coming in" and someone is "getting out". The more trades there are, the more opportunities there are for anyone (including the German government) to take the other side. > after the recent lack of price action from the ETFs, it doesn't suggest the existing volume is legitimate. This is by no means the only reasonable interpretation of the price action surrounding the ETF approval. It's totally plausible that the lack of price action just means that the amount of money "selling the news" of the final ETF approval is around the same as the amount of money "buying the rumor" of a big influx of cash.
    - thisgoesnowhere 3y ago
      > Every time a trade happens, someone is "coming in" and someone is "getting out" This is not true in a wash trade which is what I have repeatedly been saying.
      - 3y ago

nimchimpsky 3y ago

they didn't say that, they said 3.8b of volume

yieldcrv 3y ago

the new ETFs have had inflows that high over just the last week, so, yes? if bitcoins price has barely moved by ETFs that buy bitcoin based on how much people bought the ETFs then yes there is that much liquidity

thisgoesnowhere 3y ago
The bitcoin ETFs have had 7b in us dollar inflows in a week?
loeg 3y ago
The ETFs had net inflows of less than $1B. GBTC had significant outflows.
- yieldcrv 3y ago
  I probably had not been reading net then, thanks. Looks like the German government will have no issue liquidating their amount quickly over several trading sessions, venues and OTC if they desire to

roenxi 3y ago

A billion dollars isn't a lot of money any more. We could start seeing trillionaires appear on stage in about 25 years; which would imply "billionaire" being what millionaire is now.

thisgoesnowhere 3y ago
I'm talking purely in relative terms to the entire us stock market.

mightybyte 3y ago

Those numbers aren't new inflows of capital into Bitcoin. They're the total volume traded both buys and sells. There are traders, market makers, etc both buying and selling many times a day, and anyone wanting to make large block trades can get a sufficiently modest piece of that. 5% is very achievable with very little price impact even in markets with lower liquidity than Bitcoin.

thisgoesnowhere 3y ago
All that matters is if there if fresh money coming in and how much there is if the German government tried to sell. We have no idea how much money is fresh and how much there is wash until someone places a legitimate market sell for a large quantity of BTC. I'm not saying it is wash trading since I don't have a cristal ball or insider info but after the recent lack of price action from the ETFs, it doesn't suggest the existing volume is legitimate.
- mightybyte 3y ago
  > All that matters is if there if fresh money coming in Every time a trade happens, someone is "coming in" and someone is "getting out". The more trades there are, the more opportunities there are for anyone (including the German government) to take the other side. > after the recent lack of price action from the ETFs, it doesn't suggest the existing volume is legitimate. This is by no means the only reasonable interpretation of the price action surrounding the ETF approval. It's totally plausible that the lack of price action just means that the amount of money "selling the news" of the final ETF approval is around the same as the amount of money "buying the rumor" of a big influx of cash.
  - thisgoesnowhere 3y ago
    > Every time a trade happens, someone is "coming in" and someone is "getting out" This is not true in a wash trade which is what I have repeatedly been saying.
    - 3y ago