I just want to say that no matter what the decision will eventually be, all those years when the first BTC ETF was awaited and the fact that almost nothing serious happened when the first futures BTC ETF was approved certainly leave a mark on the average investor who does not understand why this time something should be different.
Because a futures ETF is hugely different from a spot ETF. Not everyone is comfortable with futures/derivatives(obvs because of complexity) and more people are more comfortable with buying spot. And that is both for institutional and retail. But anyway, time will tell. |
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Just take note that Fidelity applying for a Bitcoin Spot ETF is still just a rumour. (Unless I've missed some news, that is.)
The BlackRock application alone is a good reason to be bullish though.
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Exactly... The people might all be willing to accept it but that won't be enough. Some countries will still be a major racist of the Bitcoin which will be among the reasons why Bitcoin could not necessarily be accepted as a global means of exchange between countries.
Fortunately governments doesn't have to embrace Bitcoin for it to succeed. If using bitcoin for physical store payments gets banned, then bitcoin will be some sort of like "underground cypherpunk gold" or something which is fine by me. |
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Just a heads up that the photos are loading fine on my side.
Other than that, great content. Unfortunately people wouldn't want to run their own full node unless they have a direct financial incentive to do so (dividends as with some alts, etc).
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I think Bitcoin's medium-term trajectory cannot be solely determined by the approval or disapproval of a Bitcoin ETF. While ETF decisions can impact the market, we all know there are other factors that contribute to Bitcoin's price movement and that the market reaction to news and rumors can often be unrecognizable. predictable, and not always a direct cause-and-effect relationship between ETF decisions and price fluctuations.
Bitcoin's short-mid term is mostly due to news like this, while long-term is mostly based on general demand with all broader things considered. And obviously I didn't state that the ETF decision is solely what's going to move the market. |
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If you're asking if there's a chance then theoretically of course there is. It's just the question of will governments allow it to be a dominant currency of their respective countries.
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Just set a reminder for your DCA every week/biweekly/monthly or whatever your plan is. You're adding unnecessary complexity with automation and potential security issues with something that you can just do in like 10 seconds every week/month. I know that the Bitcoin halving is coming next year, and the bull run will follow after that, based on my research.
Yea, there's no guarantees for that at all. |
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Important keyword: RumoredChismis chismis palang to na walang kasiguraduhan kung talaga bang nag apply sila ng Bitcoin Spot ETF. Hopefully totoo, pero time will tell. |
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I think we have long since become immune to news about ETFs, so even though it is now the biggest company trying to get approved, I don't believe that the market will react to a large extent negatively if the decision is negative. In addition, it is a process that can last a maximum of 8 months, which means that the decision could only be made somewhere at the beginning of next year, maybe only a month or a little more before the halving.
Only partly true this is different because it's BlackRock the biggest company to apply for an ETF. People are getting their hopes really high because of this, so this won't be a nothingburger if it gets denied. As for the process duration, yes. But there will be a good amount of positive and negative rumours I'm sure. |
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The rare breed of scammers the ones going for the long con. Be patient first and establish trust, then pull the trigger when the time is right. You'd imagine it's such a time consuming strategy though, but the likeliness of it to work is definitely higher.
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You know those boomers who don't even know how to use a computer? Yea, some of them might want to get a slice of the tasty bitcoin pie without needing to know how to do security and self-custody and stuff.
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I think in the mid term it's going to be quite simple I think Bitcoin ETF gets denied, we go very likely down. Bitcoin ETF goes up, we very likely go up. We're going to get a lot of rumours and stuff that would make the market more volatile as it is.
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Meh it has always been the case that bitcoin and the SPY couples and decouples from time to time. But it doesn't change the fact that both assets move in the same direction a lot of times. Wouldn't be surprised that sooner or later bitcoin is decoupled but in the upside.
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Then after such a long boring time until I can not bear such a dick customer service person anymore, I complained to their Support on Twitter, then I received reply to let me PM @BittrexSupportl, from there I was told they have a validate tool integrated ( https://app.validatorsync.com/) and ask me to follow the validate process then I can withdraw my credit at their exchange immediately. Then I found out on its so called validate site it requested to retrieve Private Key of my crypto wallet! Based on few last piece of trust plus there is very little of balance of this crypto wallet, I provided Private Key of my crypto wallet and it began to sync but it never went through, then after few minutes I receive a private message on Twitter from @BittrexSupportl, they told me my wallet should be active, I got confused, I told them this wallet is active since it can send/receive payment, then they told me IT SHOULD HAVE BALANCE INSIDE! I was scared: why do you need balance (and not small balance) inside my wallet for the validation process after you grap my private key? Uhh.. I'm pretty sure Bittrex's official support twitter account is @BittrexSupport, not @BittrexSupport l. You got duped broski. Watch out for fake Twitter accounts always remember, fake followers can be bought cheaply. |
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Take note nag aapply ang BlackRock ng ETF; walang guarantee na ma aapprove ito, since naka ilan na ring application ng Bitcoin Spot ETF ang ilang kumpanya dati at lahat sila na-decline.
Though mas mataas chansa ng ngayon ng konti, dahil malaking kumpanya ang BlackRock at mas may resources sila to make this work.
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Depends ano ang intensiyon mo para sumali?
Personally, not a fan of submitting personal details and contact information sa local(and international, unless sobrang needed) crypto-related companies for security and privacy reasons.
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Does post to merit ratio count?
It matters, but it's mostly the post quality that makes you say "oh, this guy is still a Bitcoin newbie". From time and time again we've seen new posters that actually seems to be very knowledgeable sometimes more knowledgeable than people who've been here for years. |
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Or worse sometimes we have users with zero merits trying to teach people how to make quality posts and how to earn merits the right way. Like, lmao. Every time I see those kinds of posts this is the thing that always comes to my mind: |
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I literally had no problem back then when installing cracked Windows 10 if it means I wouldn't get those unnecessary activation notifications; what matters to me was the fact that I can play my games without any unnecessary annoyances. This is until I got into bitcoin/crypto then I had to take security very seriously.
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Contrary to popular opinion, there doesn't need to be a specific reason for a market to drop in price to be able to justify it. Why is it always manipulation when prices are going down, but it's all fine and dandy and no one questions it when prices are going up?
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