Hopefully, you are not betting too much on that.

I kind of agree that BTC has to meet significant and meaningful resistance at some point, but if a lot of people (shorters) are betting on $10k not being breached, then it seems to me that too many stacking of bets in that direction creates fuel for $10k to be breached.. ... which might be premature, but seems that shorters and bear tears are contributing to such ongoing irrationality in bitcoin's ongoing upwards price movements.

So at some point the bears gotta get over their wet dreams of BTC's seemingly "imminent and inevitable" severe downward correction, and give into bitcoin's upwards power.. and at that point, she might be ready for the decently severe correction.      

AFAIK, Crypto ETFs are baskets of shares of selected crypto companies. I think a cryptocurrency ETF exists already, but it includes ETH and other shitcoins. The ETFs under SEC scrutiny would include btc only. What's more, some of them are designed for settlement in kind, not in cash (that is, bitcoin - not USD). The importance or usefulness of such a financial instrument is debatable, but it can't be dismissed as "nothing new".

Where's the novelty? Everyone would be able to buy (paper) btc through their stock market broker, without having an account at an exchange. Besides, if the settlement is really in kind, the ETF issuer would have to hold/buy/sell matching amounts of the underlying asset (btc) or bear the risk when the ETF holder asks for payment. That is, if fuckery can be ruled out. Which is a big IF.

So someone knows that tomorrow VanEck ETF denial or delay


The upcoming VanEck ETF decision could certainly have a serious impact on $BTC price

Denial = Pull back the current price regardless of how good it looked this wknd

Approval =push the price to new yearly high & create mass FOMO buying

Delay = Expected & likely little change
https://twitter.com/Josh_Rager/status/1130326881859964928?ref_src=twsrc%5Etfw

In about three halving (2028), transaction fees would need to be $20 or thereabouts for miners to stay on BTC and stay afloat.
Feel free to explain how to "rule" when fees are crazy high. It only gets worse every 4 years.

In this case you can buy now and hold till Q4 then sell at $20k+ (I'm sure we'll see an ATH this year) which will be a very nice profit. If you're patient enough you can hold up to 6 months after the halving and sell at another ATH ($100-500k+ per BTC). So you can't really lose it's only a matter of how long you're willing to wait and how much money you will finally receive. Win-win     

Shine my Skoda

Tokonormal.

How are competitors against Facebook  doing? Against Apple? Against Amazon? Against Netflix? Against Google?  Do you want to diversify into second tier versions of the FAANGs?

No you do not.  

They each completely dominate their market segment.  

As does Bitcoin.

Diversification is about picking the best of each market segment and buying a little of each.  It is not about chasing penny stocks.

jeez. imagine there were no airplanes invented yet. satoshi invents a full functioning modern airplane. it works. provably. and now there are 2 or 3000 others that build "airplanes" that are much cheaper (no wings), much lighter (no engines) or are made out of bamboo. you are saying that people should use those fake airplanes. that is not diversification. just pure scamming of people.    alts offer no use case. they don´t fly. the idiotic comments are yours. amazing.

Calling that the top!   at least for now

Whatevs. Price goes down -> I buy. Mechanically. As always.