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EthTraderCommunity

[Tip this post](https://www.donut.finance/tip/?contentId=t3_xwaefl).


Heartbreakker1738

And it has begun.. catch y'all on the 🌑


Icy-Order-3200

Prepare your space helmet and the spaceship... We going to the moon


bailianjiao

I've been ready for that for so long, bring that on now man.


Dwaas_Bjaas

CATCH A RIIIIIIIIIIIIIIIIIIIIIIIIIIIDE


NikolayLazarenko

See you on the dark side of the moon now, it'll be awesome.


wen_eip

Wake me up when its not pocket money! Dont get me wrong its big news, could be the beginning of somthing BIG, but its just peanuts atm!


subdep

When they buy $500 million in ETH I might bat an eye. When they buy $5 billion in ETH I come.


wen_eip

Exactly!


dimitua2

No matter how much they buy, I'm gonna be here man. That's not going to change now. I'll remain here. Shit will be like this for a while now.


Ambitious_Piglet

I just bought my first eth. Lol


the-midnight-rider69

It’s my first time on here and I was wondering if anybody would help me. Is it a good time to buy now?


oODantheManXx

500M isn't small money exactly, the big money will follow it.


taliaiz

This is just the start, don't think We're going to be stopping there.


ETHWarrior0

Fidelity is very very deep pocket and have very strict standards for assets. Good for eth.


Icy-Order-3200

Good for eth and good for us... It's good advertisement


Entire_Luck8588

Fidelity should give him some endorsement money


manners99

Endorsement money to who? They're the ones buying it?


Entire_Luck8588

Fidelity should help him


yzhh1987

Yeah it's going to bring more people in, gonna be great man.


Icy-Order-3200

Exactly my buddy


CoeusSaxon

5 million is absolutely nothing to them…


Massive-Tension-1055

It’s a fart 💨 in the wind.


shawn6502

Lmao, not the analogy that I was expecting but okay I guess. This will work for me, I'm understanding the point that He's making and that's important thing.


ETHWarrior0

Gonna increase in future if returns is good.


lostharbor

Literal pennies on the dollar when they have $9.9T in assets.


krzysztof130

10T? That's a lot of money. Should have invested more.


lostharbor

I totally agree. I bet it comes trickling in fast in the next 2-3 years.


dovgum

That's what it's about, it's about the future now. It's going to be great.


gizney

3700 eth, lol


klopodav

Maybe they're trying to run couple hundred validators.


freelikethewinds

And it's nothing for the eth market too, won't do much.


goofytigre

Might this be for the crypto exchange they are starting with Schwab, Citadel and Virtu?


Gs300awd

That's a good place to start, got a good feeling about it.


OMG_WTF_ATH

Care to explain?


zaerocosmic

There's not much to explain, it's pretty straightforward here man. I don't thin nothing is too complicated about it, this is as simple as it gets. It's good enough.


jmaccasland

Yep it'll be good for the price, and it'll bring new investors too.


Diamond_Hands420

MSM will be like “10 reasons why you should sell ETH during this bear market”


SacredHam00

That's exactly how the tittle would be.


runningraleigh

I know that a title is, but can you direct me to the tittles? Never mind, this the internet. I can find them on my own.


intermediae_ltc6

That would be good if he could do that, I mean That'll be helpful.


MaciejTomaszewsk

Ohh yeah lol, no doubt about it. That's how the title will be.


wen_eip

This guy gets it!


step38rus

He absolutely does, he knows what he's talking about here.


Entire_Luck8588

When we sell, there are a lot of people who feel that the period when we sell is a good buying opportunity


runningraleigh

I mean I'm not selling for less than 3x ATH so...yes, I'll happily provide that liquidity.


HeatWave15

Well that's great, market needs some liquidity anyways right now.


lwm612346

It's always a buying opportunity especially on these prices. I'm just not leaving these opportunities. These are good times for you to be buying right now.


andreiextrem

Yeah lol, that's what they're going to do now? Well okay I guess.


TheDadThatGrills

This post sparks joy


mattjouff

5 million is chump change


juyhtgrfde

It's not at all a big amount for them, they don't care about it.


[deleted]

You have more?


mattjouff

No but Fidelity certainly does


SacredHam00

A few more millions I think.


mattjouff

1 or 2, at the very least


neqin

Yeah atleast that much, that's how much more They've got.


doguo521

Yeah just a little more than that, they've got some more than that.


EgorGavrasienko

They've got few trillions, 5M is literally nothing for them lol. They could have bought more a lot more than that actually. They're rich as fuck dude.


lostharbor

This is silly, fidelity holds $9.9 TRILLION in assets. This isn’t even a rounding error to them.


snow3dmodels

Maybe it’s a statement


lostharbor

I don’t think it is. I invest 20x more in ADP a few times a week. A statement would be a billion or more.


snow3dmodels

The value of the transactions can mean nothing, the statement is the move in including ETH It’s positive


lostharbor

Lol that’s like saying a dollar is a statement. But agree to disagree.


ykarakaslar

Well You'll have to agree on it, depends where you coming from.


lostharbor

This doesn’t make sense


snow3dmodels

Yes, it’s called sentiment


lostharbor

Not really but it’s time to move on.


deltagods

Yeah lol, why are we even arguing about it? Why are we arguing heck, we all can be friends too.


abrakaal

I don't think you really know what You're talking about. Seems just speculating here.


hysteria_008

Yeah including that, maybe that's how things really work here man.


ktmatm

Probably more than that, maybe it'll be more than that. I'm just saying here, I don't know much about how any of it really works here man. I'm just speculating here at best.


lostharbor

Are you on drugs?


65165

Yeah maybe that's what it is, we wouldn't know it anyways.


evan81

Where does one get one of them "rounding errors"? I could use a boost


Nigelladddie

I mean I wouldn't mind myself a rounding error like that actually. I think that can be good for me, actually I'm going to say that it's going to be just best for me here.


lostharbor

Acquire more assets. When I first started my job my boss told me she doesn't wake up for anything less than $1B.


gjoonk

She's a baller I'll give her that, she deserves credit for that here.


zloyuser

How the hell they've got that much money? How did they got it?


lostharbor

Probably by producing coherent sentences. All joking aside, it’s not their assets but their managed funds that people give them to invests. I’d imagine it’s a mix between corporate clients funds, pension funds and 401k that make up the bulk.


narquelion09

He meant to say that it's a chump Change for them, that's what he meant.


MrPuma86

It’s a start I suppose.


velly1z

Yeah for sure it's starting out now, it's a good start anyways here.


MrPuma86

It is indeed.


DiscoBandit8

$5m is basically nothing tho


mobidick11

I mean how much they have, for them it's absolutely nothing.


ProphetOfDoom337

See you at sub 700 Fidelity. Fucking rookies.


420weedscopes

This might just be their first traunch, and their second one comes in at that price.


suanger2

What about the second one? They've got a second one? I didn't even know about that, this is something really new for me here. That's what it is.


greengrass_97

Yeah those are rooky numbers, you need to pump those numbers up.


socalquest

I’m buying 50 more ETH to 300 for long term staking! r/GLTA_ETH!!!


andreya40

See no one likes you here, absolutely no one likes you lmfao.


socalquest

ETH staking payday today. What's in your wallet? LOL GLTA!!!


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EthTraderCommunity

u/SacredHam00 [tipped](https://blockscout.com/poa/xdai/tx/0x017199b5b642e3c3f4c46a8b901393a4a2602223a8e7c7d042541e11d0810da1) you 1.0 DONUT!


EthTraderCommunity

0x8eBF31... [tipped](https://blockscout.com/poa/xdai/tx/0x4b0c0b3638e1cc8bedefe0b2d16e7dfec6516433e326b946d5450904bf7bef06) you 1.0 DONUT!


Key-Fortune-8904

Literally dipping their pinky toe in.lol


KhoChunFoo

It's not even that, their pinky toe worths like 500M lmao.


Extension_Sorbet7291

Keep it coming investment community.


jonho101

This is going to bring many new people in the market. And it'll be a good thing.


EthTraderCommunity

u/Spare_Imagination648 [tipped](https://blockscout.com/poa/xdai/tx/0x842bf0da9fa325641c81573241bee3684b5656016a1842ba35120d38ac246907) you 1.0 DONUT!


ShirleyPerry

Fidelity is extremely wealthy and has very high asset criteria.


Amsjef

When you've got 10T, your standards gotta be High. They can't be low.


starskyandskutch

Probably nothing.


_ibtc

It's literally nothing for them, they've got money and a lots of it. They've got absolutely no shortage of that, they can buy literally everything lmao. It's a lot of money.


Jeyas23

There is a big reason why they bought $5billion stay tune ;) ;)


fruhsa

There's a reason for that, and we know what's the reason for it.


Dreamster_NFT

ETH is not a regulated financial product, thus investors who must invest exclusively in regulated items cannot buy it. ETF funds let everyone invest in regulated financial products and unregulated assets.


flows0me

It's a good thing that it's not regulated, we wouldn't want it like that.


EthTraderCommunity

u/TheRock_97 [tipped](https://blockscout.com/poa/xdai/tx/0xcf53f1784e30fd45e3872a4a5c9ac5473d8d9e4b96864a841b7d1868a3bedec8) you 1.0 DONUT!


Azikak

Immaterial. 6.8bln., 122m coins in circulation, 166.9 bln cap, or 173.8 cap can be. = 1417$ for coin. Nothing


Medical-Albatross-80

Fidelity isn't stopping here , they will massively invest into cryptos and become a major VC in the space. EVM compatible blockchains as Velas could also do well, multi chain blockchain are the future of web 3, can't wait to see how interoperability will play out once all those blockchains are all connected and running perfectly with each other.


EthTraderCommunity

u/Easy-Soup140 [tipped](https://blockscout.com/poa/xdai/tx/0x28eb822378d5b8b5219642f1d2f9cf7c77ac893c4645f5349ffb01cc2817544b) you 1.0 DONUT!


young_russel

I'd been waiting for it.


EthTraderCommunity

0xD50F81... [tipped](https://blockscout.com/poa/xdai/tx/0x8235082156e4d6d00f8a2dbe4fbaf832845559ba466f9d02d08611348a35230f) you 1.0 DONUT!


Hemtt1

Hell yeah boys, we going to the moon now. See you there now. We ain't going to stop before that, the only stop will be on the moon after we reach soon there.


EthTraderCommunity

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mperklin

They did not buy $5 Million Ethereum. They bought $5 Million Dollars worth of ether.


Dieter_Von-Cunth68

Slightly redundant correction considering there is a dollar sign used in the headline.


mperklin

That dollar sign (also called the peso sign) is used in dozens of currencies. In addition to the $ mistake, the headline said that Ethereum was purchased, but Ethereum cannot be purchased. Only ether can be purchased. Vitalik made sure to name the unit differently from the network so that the same confusions found in Bitcoin don’t plague Ethereum. (i.e. Bitcoin allows you to transfer bitcoin, but Ethereum allows you to transfer ether) My post offered corrections for both


Dieter_Von-Cunth68

You have educated me, thank you.


auttasak

Gotta thank him for that, because He's letting us know the facts here.


del1test

Okay lol, why do I feel that You're trolling here lol. I mean you gotta be trolling this shit can't just be serious here. Don't take it seriously here.


mperklin

I’m not trolling, and neither is the Ethereum Foundation. It’s on their website here: https://ethereum.org/en/eth/ > Want to buy some Ethereum? It's common to mix up Ethereum and ETH. Ethereum is the blockchain and ETH is the primary asset of Ethereum. ETH is what you're probably looking to buy.


intec82

Yeah just slightly, it's nothing serious here. It's just a little.


dundi06

You can't be serious lmao, why you gotta say it man. That's not good.


mperklin

Ether is not Ethereum. Not sure why I’m getting downvoted. Vitalik himself made sure to name them differently. It’s a fact.


socalquest

I have 250+ ETH. Thinking of going for 300! GLTA!!!


hitu4cash

Okay then just go and do it, what do you want from us anyways?