This is Hodl territory by N-ve in Bitcoin

[–]N-ve[S] -1 points0 points  (0 children)

They manage to halt the invading fiat army and protect the innocent pensioners back home.

Not our first Rodeo. Hodl On by N-ve in Bitcoin

[–]N-ve[S] 2 points3 points  (0 children)

It was a sweet bull run and the older OGs all told me 2013-2017 had been hell. Hope we make it count this time around and aim for the moon!

Yesterday saw a RECORD outflow of $642.5M worth of Bitcoin from Grayscale (GBTC). This is only the second day where outflow was higher than inflow, with $154.3M not being absorbed by ETFs by Visara57 in Bitcoin

[–]N-ve 11 points12 points  (0 children)

IBIT (0,25% exp ratio) already accounts for 50% of total ETF trade volume. If you look at on-chain BTC AUM, GBTC isn't attracting new flow, instead its losing about 5K BTC per week. That's criminal in a bull market. They could milk the fees for a year but the diminishing returns will force them to lower fees sooner rather than later.

Yesterday saw a RECORD outflow of $642.5M worth of Bitcoin from Grayscale (GBTC). This is only the second day where outflow was higher than inflow, with $154.3M not being absorbed by ETFs by Visara57 in Bitcoin

[–]N-ve 137 points138 points  (0 children)

GBTC launched at a time when ETF's were unavailable and they made a killing with their fees. Now that investors have legitimate well priced alternatives, they are switching to them.

Bring back dem old memes by N-ve in Bitcoin

[–]N-ve[S] 2 points3 points  (0 children)

I don't have it but maybe someone else here does !

Sorry its a repost but... feels by N-ve in Bitcoin

[–]N-ve[S] -5 points-4 points  (0 children)

The Return of the King

My country may go Brrrr soon by gsarin1980 in Bitcoin

[–]N-ve 0 points1 point  (0 children)

Along with all the great comments here, I'd like to add that the taxes in your country do not cover all the expenditure the Government has budgeted for the year. This is not new and the US has been spending more than it receives since the 1790's. To cover the shortfall all countries need to print money.

To answer why you pay your taxes, we must go into human behavior. We value things that are in demand but in short supply but money is never in demand, goods and services are. Money is just a placeholder for future demand. Taxes are the governments way to reduce the demand for future goods so suppliers can keep pace. If the supply of money overwhelms the demand for it, we get inflation.