they don't have to back links 1:1, they can buy 1 link and issue 10000 shares per $50.
i think same thing will happen to bitcoin as well. EFT is a psyop. basically wall street's way of telling you bagholders a really big fuck you. they'll pump each others pockets but not yours.
Only difference is now Grayscale is trying to get every Trust converted. I don't think these prices will last long, BUT if LINK actually runs to $100, well...
>GLINK price pumping is not bullish, it shows there’s something manipulating the price though genesis trading loans.
Noone needs "genesis trading loans" to manipulate shit when the volume is literally not even 15000. Look at this fucking orderbook I could literally right now bump the price from 40 to 50 by buying 901 shares for 36k dollars.
Can anyone with a brain explain what this means based off the GLNK Trust metrics? How much Link does Grayscale have to buy to honor their Trust? Where are they buying it? How is no one tracking their wallets?
shhh anon, lfg leddit 500$ eod all the banks are buying gaylink for 37500$!
>ask reasonable, interesting question >leddit sshhh posters immediately come out of the woodwork thinking they have found a juicy fud angle
You are sub 100 iq brainlets and you will not make it.
They aren't buying it, it's a closed fund, it's only traded OTC, it's tiny ($4m aum), tracking errors are the name of the game. GTBC (4000x the aum) was trading at a 50% discount last year, just the nature of illiquid OTC funds
I work with a major US financial institution. We are not currently allowed to put "cryptocurrencies" on our marketable securities. Buying at these prices on Grayscale now is essentially a bet that retail will overtake these prices at some point in the future. Will be interesting to see how high they push this, it will be a good indicator of where to start laddering sells for you guys at the peak of the bull market.
What kind of returns are they looking for
I mean if you’re them, and just want a pat on your back from the boss, you just take the easy 5-20% or whatever, but how does that work post tax
If they're paying 3x now then there is a good chance that is this is just a pump before going back to fundamentals. It's exposure to a broad new market that the average ETF holder has a higher amount to invest than your average LULZ LINK holder. I'm talking about having a GreyScale Chainlink Trust or a Vanguard
Information Technology Fund as an option to invest right out of the gate. This will hit people's 401k and IRAs within a few years and that is genuinely your floor that you wont see prices at 10 20 30 per token anymore.
If anytime is right to buy why wait and risk a 50% flash. If theyre charging a 3x premium at these prices then the holder is going to expect to make much more in returns.
>For as long as the Shares trade at a substantial premium, investors who purchase shares on OTC will pay substantially more for their shares than investors who purchase shares in the private placement.
So I think they count on "private placement" to eventually put more link in, or at least get ppls USD with which they will then buy link at that point. But also private placement is closed atm.
Ok pretend you have.. oh what do you thots like... instagram photos. Yeah thats it. Pretend you have a photo business. Girls pay you to take glamour photos of them to put on insta. You charge $8 per photo. Then you learn someone across town is charging $54 per photo. And customers are gladly lining up to pay it. What do you think your next move is going to be?
It’s Chad O’fourks proprietary link.
It was originally known as shadow link but got rebranded to Glink after Chad heard the lyric “real g’s move in silence like lasagna”.
its just boomers and normies that can't into coinbase so they have to buy glnk on fidelity or vanguard. institutions aren't speculators, if they buy the token they want the actual token so they can use it.
Crypto is like weed.
Even though no argument against it since it's legal now, they don't want to hear about it or see it or tolerate it in their household. Coz hippies.
Not allowed to. Or it's compromises their image. How others perceive the boomer is highest priority. Crypto can hurt their image, only landlords and winery owners can boast proudly without fear.
Why? It's pointless now that 4% rewards is kill. You're better off using a rewards credit card and then using the cashback to buy whatever you have your .5% coinbase reward set to
This is unironically happening becus a certain group is trying to apply crypto shorting mechanics on the boomer market and their getting rekt for manipulation and their liquidations are whats pumping GLINK lol
What is total # of shares in Grayscale LINK trust? Is it capped at 1B? Is it supposed to be a 1:1 to LINK tokenomics? I understand how premiums would arise in that circumstance given institutions have red tape to get through for exposure
The price of a share in a trust fund is not a one-for-one trade with one token of the underlying asset.
They don't have to have the same number of shares as tokens they own.
For example, the fund may own 2000 tokens, but only sell 100 shares.
Each share would therefore be "worth" twenty tokens, or one percent of the underlying asset.
The price of a share in a fund is not the same as the price of an individual token.
I think it depends on their agreement, and who knows what's happening inside. There are advantages and disadvantages to both, but I'll stick to what I have right now, diversifying altcoins for a good ROI in the long run. DUA is on my list, embracing account abstraction. Others are ETH, UNI and OP.
I just want to be married :<
i want to find a man who i can support and love unconditionally and be his lovely little wife.
i want to have a fancy wedding where im the prettiest bride ever.
but im a boy...
how do i get rid of these feelings??? i honestly cry like once every month because of this.
i just want these feelings to end... :'<
buy a water distiller and distill every drop of water you consume. Maybe smoke a cigerette or two per day. drink black coffee. they've put stuff in the chemtrails and thus, the water, that make frogs turn gay.
but why
No only the chainshit grey scale holds is worth $50 per shit. Your worthless crap is still $8
Lmao institutions buying at a 3x premium while they can just buy it spot lol
They'd rather pay three times more than buying your bags spot lol
this
they don't have to back links 1:1, they can buy 1 link and issue 10000 shares per $50.
i think same thing will happen to bitcoin as well. EFT is a psyop. basically wall street's way of telling you bagholders a really big fuck you. they'll pump each others pockets but not yours.
>$4m aum
>fuck all volume
>institutions
Stinkmarines are gme-tier cultists
seethe harder homosexual
Are these "institutions" in the room with us right now? GLNK only holds 300k link you retard fucking baggie cultist
It’s to do with regulations, it’s easier to purchase link without the SEC breathing down their neck if it’s through grayscale
This whole situation is funny because most retards like you don’t know that 3AC did the same think with GBTC as another party is doing to GLINK haha
GLINK price pumping is not bullish, it shows there’s something manipulating the price though genesis trading loans.
Whatever tho, fuck it linkies, it’s yo lives
Only difference is now Grayscale is trying to get every Trust converted. I don't think these prices will last long, BUT if LINK actually runs to $100, well...
And how will they steak without LPL?
Pools closed.
>GLINK price pumping is not bullish, it shows there’s something manipulating the price though genesis trading loans.
Noone needs "genesis trading loans" to manipulate shit when the volume is literally not even 15000. Look at this fucking orderbook I could literally right now bump the price from 40 to 50 by buying 901 shares for 36k dollars.
Can anyone with a brain explain what this means based off the GLNK Trust metrics? How much Link does Grayscale have to buy to honor their Trust? Where are they buying it? How is no one tracking their wallets?
Shhhhh go back to sleep anon. Don't ask logical questions of the Stinky Linkies.
I have 10k link and you will die poor, nagger
>he thinks having a suicide stack is something to be proud of
I only have 2600K LINK so you aren't wrong, rajeesh
>ask reasonable, interesting question
>leddit sshhh posters immediately come out of the woodwork thinking they have found a juicy fud angle
You are sub 100 iq brainlets and you will not make it.
shhh anon, lfg leddit 500$ eod all the banks are buying gaylink for 37500$!
stop being antisemitic
dont worry about it
They aren't buying it, it's a closed fund, it's only traded OTC, it's tiny ($4m aum), tracking errors are the name of the game. GTBC (4000x the aum) was trading at a 50% discount last year, just the nature of illiquid OTC funds
israeli lives matter
I work with a major US financial institution. We are not currently allowed to put "cryptocurrencies" on our marketable securities. Buying at these prices on Grayscale now is essentially a bet that retail will overtake these prices at some point in the future. Will be interesting to see how high they push this, it will be a good indicator of where to start laddering sells for you guys at the peak of the bull market.
What kind of returns are they looking for
I mean if you’re them, and just want a pat on your back from the boss, you just take the easy 5-20% or whatever, but how does that work post tax
If they're paying 3x now then there is a good chance that is this is just a pump before going back to fundamentals. It's exposure to a broad new market that the average ETF holder has a higher amount to invest than your average LULZ LINK holder. I'm talking about having a GreyScale Chainlink Trust or a Vanguard
Information Technology Fund as an option to invest right out of the gate. This will hit people's 401k and IRAs within a few years and that is genuinely your floor that you wont see prices at 10 20 30 per token anymore.
If anytime is right to buy why wait and risk a 50% flash. If theyre charging a 3x premium at these prices then the holder is going to expect to make much more in returns.
can you expand more about possible prices to sell?
What about Hamas? Why aren't you asking about THEIR wallets, huh? Piece of shit, I bet you defend "river to the sea" too.
>For as long as the Shares trade at a substantial premium, investors who purchase shares on OTC will pay substantially more for their shares than investors who purchase shares in the private placement.
So I think they count on "private placement" to eventually put more link in, or at least get ppls USD with which they will then buy link at that point. But also private placement is closed atm.
that is gaylink, oh wait, every link is gay :O
That’s good link.
can someone explain to me how the price of the actual token will react to this?
pretend i'm a girl when explaining
They will come to a 1:1 ratio rather quickly.
so i should sell at 15 + 0.5*(54-15) ?
hello butiful link $1000eoy i take you to my village in lambo and we do the needful
Don't worry about it babe
No we can not go on our 7th vacation this ye… wait what were you asking about?
Ok pretend you have.. oh what do you thots like... instagram photos. Yeah thats it. Pretend you have a photo business. Girls pay you to take glamour photos of them to put on insta. You charge $8 per photo. Then you learn someone across town is charging $54 per photo. And customers are gladly lining up to pay it. What do you think your next move is going to be?
Wtf is even GLNK
Giga Link. It’s Links final form.
It’s Chad O’fourks proprietary link.
It was originally known as shadow link but got rebranded to Glink after Chad heard the lyric “real g’s move in silence like lasagna”.
the pipe strip... fuck now I'm going to have to watch that entire video again
Explain to me who's buying this.
>instatutoons
But the volume is tiny..
That’s the real price of link. 54 dollars. Let that sink in. That’s what boomers are paying for it.
This is ignorance or deception. I dont know which
its just boomers and normies that can't into coinbase so they have to buy glnk on fidelity or vanguard. institutions aren't speculators, if they buy the token they want the actual token so they can use it.
This isn't even half the story, it isn't even 1/3rd of the story. It's a mystery to everyone!
they can't though due to regulation. they can however buy a crypto trust for their fund, which is what we're seeing happen.
Crypto is like weed.
Even though no argument against it since it's legal now, they don't want to hear about it or see it or tolerate it in their household. Coz hippies.
>can't into coinbase
Literally how? Coinbase makes it retardedly easy
Not allowed to. Or it's compromises their image. How others perceive the boomer is highest priority. Crypto can hurt their image, only landlords and winery owners can boast proudly without fear.
I used my Coinbase card today to pay bills too
Why? It's pointless now that 4% rewards is kill. You're better off using a rewards credit card and then using the cashback to buy whatever you have your .5% coinbase reward set to
please sirs how to convert link token for glink token to redeem on grayscale chain
>tfw the boomers have made it from LINK before us
It's not fair.
tellor has died. check out the vastly increased volume on the dump. flawless exit
This is unironically happening becus a certain group is trying to apply crypto shorting mechanics on the boomer market and their getting rekt for manipulation and their liquidations are whats pumping GLINK lol
funny if true
why would anyone buy GLNK if you can buy LINK for less than 1/3 of the price? the fuck? This must be some kind of a meme.
why would anyone listen to gusic when they could listen to music? it is a mystery
test
boy bye
My big mac oracles are going through the roof! Now i can securely know the price of a Big Mac (tm) in the real world... On the blockchain!
What is total # of shares in Grayscale LINK trust? Is it capped at 1B? Is it supposed to be a 1:1 to LINK tokenomics? I understand how premiums would arise in that circumstance given institutions have red tape to get through for exposure
It's a closed fund, it holds right around 300k link, it has no volume, the tracking error is just a product of it being an illiquid otc fund
0.93 Link per share
Dropped 10% to $40 now
The price of a share in a trust fund is not a one-for-one trade with one token of the underlying asset.
They don't have to have the same number of shares as tokens they own.
For example, the fund may own 2000 tokens, but only sell 100 shares.
Each share would therefore be "worth" twenty tokens, or one percent of the underlying asset.
The price of a share in a fund is not the same as the price of an individual token.
>GLNK
>Goy LINK
>4x premium on the price
>only way to buy without autistic software
Are we the israelites now??
lol
how did they pick these random shitcoins to invest in?
I think it depends on their agreement, and who knows what's happening inside. There are advantages and disadvantages to both, but I'll stick to what I have right now, diversifying altcoins for a good ROI in the long run. DUA is on my list, embracing account abstraction. Others are ETH, UNI and OP.
Genuinely embarrassing
This pump has nothing to do with Grayscale. But the market is desperate for narration. We will find out soon I guess.
I dont have any OTC holdings. Whos even buying it
OOOOOOOOOOOOOOOO
I just want to be married :<
i want to find a man who i can support and love unconditionally and be his lovely little wife.
i want to have a fancy wedding where im the prettiest bride ever.
but im a boy...
how do i get rid of these feelings??? i honestly cry like once every month because of this.
i just want these feelings to end... :'<
buy a water distiller and distill every drop of water you consume. Maybe smoke a cigerette or two per day. drink black coffee. they've put stuff in the chemtrails and thus, the water, that make frogs turn gay.