|
ETFs are indeed tax efficient compared to traditional mutual funds.
However, I don't think that this 1% difference would necessarily make much of a difference in terms of demand for ETFs or even the premiums on ETF products. After all, ETFs are open vehicles that can always have new shares added if there is sufficient demand for them.
I still think that Bitcoin ETFs would be a dodgy structure, though. It takes away the intrinsic decentralised nature of physical BTCs, and makes investors more prone to runs on the fund in periods of market illiquidity.
|
|
|
|
|
I actually think that this is not necessarily the problem.
The problem with media coverage of gambling is that it's either wildly positive or wildly negative. There are substantial amounts of campaigns that are revolved around glorifying certain aspects of gambling (just think about your national lottery ads on TV).
There are also as you rightfully mentioned an obscene amount of negative coverage. Overall, the media landscape is just sensationalist without reflecting the realities of gambling - it is a form of entertainment that comes with a -EV, and the vast majority of people will never win big or lose big.
|
|
|
|
|
Sure, a lot of cryptotokens are indeed securities now - but bitcoin is definitely not one of them.
Also you have to take into consideration that even though crypto tokens may be securities (based on the way the token is structured), they are generally decentralised in its distribution and its ledger is hosted on an immutable blockchain.
How in the world does the SEC plan on exerting their influence over this? They could regulate these tokens, but the unregulated ones will simply roam wild and there will be no enforceability for their rulings.
|
|
|
|
|
There is just a bit of fatigue in the market imo with all the shenanigans that Musk is stirring up.
Investors have already priced in the fact that Microstrategy and other bitcoin maximalist institutions are going to continue to buy and hold BTC. As such, further news from these corporations about large purchases no longer has an effect on the market.
Besides, the bull market has been going on for so long that there has bound to be a correction coming one way or another. That's exactly what we're seeing now. Weak hands are going to be flushed out of the game once again and it's the perfect accumulation phase after a few more panic dumps.
|
|
|
|
My oh my! Since a few days back my blood pressure has being spiking higher and higher, seeing the price of Bitcoin doing a freefall. I know its prudent for an investor not to panic when the market falling, but I can't help myself starting to panic. I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.
Lmao, this post is like the embodiment of weak hands. Not even a -30% dump and already panicking like crazy. You should be honest with yourself in terms of why you're holding bitcoin in the first place. If you can't answer that honestly, or if your answer is merely to make money in the short run, then I do think that right now is probably a great idea to cash out. That's not to say that BTC won't go up in the long run - it is almost guaranteed to, but if you don't have a valid investment objective to begin with, you're simply going to panic sell when you get an even worse price following a dump. |
|
|
|
|
Shouldn't be that surprising.
This trend will only continue as people get further used to WFH and just a more digital lifestyle in general following the pandemic. Like it or not, crypto-based casinos are here to stay and are going to generate a significant portion of the usage case for BTC.
We should also see a healthy shift from traditional online casinos like Bet365 to more crypto based ones over the next few years. People are starting to realise how cumbersome the deposit processes are.
|
|
|
|
|
Seems like a good site that fills a really specific niche. I like it.
I do have one suggestion though. Would you possibly be able to compare how the dividend payouts of each site compares to traditional casino investments in terms of profitability?
That way, you can attract both players and investors to your site for any info related to casino dApps. With the current market craze I think quite a lot of people would be considering to stake dApp casino tokens, so you would have no shortage of traffic.
|
|
|
|
At least Musk is generating publicity for BTC and brought it somewhat mainstream with retail investors, which will only be for bitcoin's benefit in the very long run. However, in the short run, I don't think there is any point in following what he says anymore. He's gone a bit rogue much like Trump's tweeting. It's not a great look for him, or for TSLA and its shareholders, that he's constantly singing a different tune on various speculative investments. How he can go from investing $1.5b in BTC one day to rejecting it as an environmental antagonist is beyond me. The only explanation is market manipulation. |
|
|
|
Btc had been nicely being accumulated but all the mess that had been created by Elon and other institutions that are selling their btc in the markets shows how dangerous can it be when institutions create panic in the markets. No, don't think that I am going to say it's the end of btc and crypto, it is not. They are just taking their profits till the areas where they can buy back more btc with their profits so cheap that the next cycle will break all limits for btc and it will reach $100k. As of now, btc should get to an area where it can not only be profitable to just traders, but to the spenders too who spend their btc and pay very high fees. Want cheap fees? Want cheap btc? Time is coming. 36k soon.
Indeed. I do think that over the long run, the stuff about Musk and institutional investors will definitely be just short term noise. But in terms of short run dynamics, I do think that everything is pointing towards a relatively big adjustment here. The $50k support has been broken in dramatic fashion and attempts of bull rallies have been futile so far. We're also getting further away from the 2020 halving event, which means that the hype is likely going to die down quite substantially. BTC dominance decreasing is another warning sign which usually illustrates the later stages of a mania. So be very wary when investing in these times. |
|
|
|
|
Yeah. LBC/paxful are dark places if you don't protect your rights a trader actively.
Assume that everyone on there is going against you. I've had people with 500+ trades, with immensely positive feedbacks try to scam me before. Even other sellers who have actively ads may scam you (as they have tried on me).
Reputation means very little when the accounts on these p2p platforms are actively traded for hundreds of bucks on the regular. Identity theft is also rife. Always use escrow no matter who the trader is - and make sure that you confirm with whatever payment processor you're using that you've actually received the funds. Don't believe in third party or SMS notifs.
|
|
|
|
Despite their statement of declaration that Tesla will not sell their coins held, I speculate that they might have sold it days later. Elon appears to be behaving similar to the average cryptocoin trader in the forum after dumping hehehe.
Also, why would Elon continue to risk $1 billion of shareholder’s money by destroying Tesla’s own investment in bitcoin? Tesla might not be holding bitcoin anymore!
I don't think that this is the case. It is highly unlikely that Musk would risk a potential case with the SEC in terms of market manipulation just to earn a few hundred million bucks by cashing out before notifying the rest of the market is informed. But I do believe that inevitably, TSLA's bitcoin position will be unwound. They do not seem to be in the BTC business for the long run at all. Musk is more of a circus show that is currently playing to the beat of the speculative mania. |
|
|
|
|
The market downturn probably has very little to do with the fact that Binance is getting cracked down on.
Sure, that is a catalyst, but the markets have been so frothy as of recent that a correction like this was inevitable.
I also don't think that Coinbase and other exchanges that seem to have a better relationship with Congress or whatnot are necessarily the sure bet as a retail investor. Their relationships can deteriorate as rapidly as they were established given the fact that Coinbase's IPO was a huge money grab for a lot of people.
|
|
|
|
|
Honestly, I don't think this does much in helping Vegas make a recovery.
The fact of the matter is that physical casinos are archaic, outdated, and bound to be replaced sooner or later.
Why trek to somewhere far away to get bad odds when you can virtually do the same thing, be treated by an online VIP host, get more rakebacks and rewards at a lower house edge at an online casino? Not to mention the anonymity that online gambling brings.
It's a industry that is bound to die as a matter of time as the novelty wears off.
|
|
|
|
|
I believe so.
Institutional interest is still going strong, but price action has stalled substantially and retail interest is fatiguing.
People also recognise that we are nearing the tail-end of the timeframe in which bull markets generally occur in the cryptospace (just about 1 year after halving), which becomes almost like a self fulfilling prophecy.
Although there is always a possibility that we'll see further hikes before a sharp decline. With the mania at such depths, there is virtually no rationality in pricing anymore and any arbitrary piece of news/update could swing prices by double digits per day.
|
|
|
|
|
Don't take it as a guarantee that the casino you play at is legit.
It's sort of like ponzi schemes (HYIPs as they were called back in the day) registering a company in the UK for a couple of bucks. It provides absolutely no legal protection and is honestly just there for show and lull users into a false sense of security.
If you think that the Curacao government/regulators would actually do anything if there was to be a dispute between you and the casino, you are sadly mistaken. Licenses are easily attainable with much more lax regulations to attract companies to establish themselves there. Although there are legit sites that do hold a license, that's for sure, it's just not a guarantee.
|
|
|
|
|
The barriers to entry as a crypto exchange is relatively small compared to any others exchanges.
That's why I think that Coinbase stock does not quite make sense. The only reason you would buy stock of an exchange as opposed to the shares traded on it is if it had a virtual monopoly status (like Nasdaq, NYSE, etc.)
We've seen how Binance and other newcomers can easily disrupt the whole trading scene. Coinbase is not only archaic in its infrastructure, its customer service is absolutely terrible.
If crypto does go mainstream, there is no way that Coinbase will be the dominant U.S. exchange - its fees are just way too high and its operations way too cumbersome.
|
|
|
|
|
It's an eventuality that these remittance companies will have to adapt to the new crypto landscape.
There will be, in a couple of years time, virtually no business flowing their way if they stick with the old 3-5 business day transfer model. And inevitably they would either have to focus more on developing products to support the crypto ecosystem, or adopt blockchain technology themselves to settle transactions on a real time basis.
I personally don't really see any benefit in using them per se, though. If you want cash for your cryptos you can always go to LBC instead for a faster deal that probably has less fees (or even negative fees if you put up the listing yourself).
|
|
|
|
BTC domination has been down to get 42% and almost all of altcoins are pumping significantly. If you look at the top coins, some of them got new ATH, most of them close to the new ATH but despite IOTA having a good project, what's wrong with IOTA? Why no significant pump? Is it still a good choice to invest in?
I actually think that IOTA has a good vision and a good product. Targeting IOT and having no transaction fees are definitely great upsides to their token. However, their marketing is almost nonexistent and they simply do not have a robust PR team at all. Also, I think that the numerous bugs that they had in their earlier clients also meant that their reputation is slightly tainted. People saw disappearing balances and unstable networking, and that was obviously not a great look on their part. It's a great idea with terrible execution, and it's just so hard to hype up when people don't even hear from you for half a year or two. |
|
|
|
|
This just shows you the extent of the cryptocurrency bull market.
It is very likely that we're seeing the late stages of the year-long bull market right now. It is usually in this stage that altcoins get pumped to absolutely insane heights, and BTC dominance dies down a tad. We're also heading towards a bearish territory in terms of timing (>1 year after halving). ETH is not going to take over BTC, but with BTC's price action dying down, speculative money is now flowing towards ETH for obvious reasons.
Be cautious when everyone else is greedy - that is something to live by for sure.
|
|
|
|
|
This guy is literally toying with markets right now.
I wonder when this whole show will die down and the SEC gets on his back, because this is smelling more and more like blatant market manipulation by the day. It's funny how they want to prosecute redditors for the Gamestop saga but haven't yet said anything about Musk.
Either way, Musk is a replaceable figure in the cryptospace. He's not the ring leader as people claim - bitcoin is decentralised for a reason and no single person's opinion should be able to change the market substantially enough to make a difference.
|
|
|
|
|
Show Posts
