ETF AND CRYPTO: A BATTLE WORTH FOLLOWING
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If you are involved in crypto with traditional market in mind, you think widely of anything that bring more as interest to you. The news of an ETF that follow most of the stock with BTC in the balance sheet is another sound to our ear for crypto. The ticker for the ETF is #BTCR. I guess this is a mildly big news in the sense crypto is forming a vector with traditional market.
Most folks would not know or mind of such financial piece. It did not rise the price of crypto overnight. One thing I can tell you we are getting closer to a truly Bitcoin ETF. Again having a btc ETF is just a relative path for institutions to invest with anything associated with crypto. The impasse seems to open new doors for others to follow.
Every passing minute, crypto is finding ways to supplant the traditional market. This exercise is the capitalism in full power. As long money can be made and the states can earn their fair share, less government involvement is the prerequisite for crypto in the future. Time will come where this could be the way to approach crypto. You maybe force to tell how much you have in order to be part of the system.
As you can see the Banks are all over crypto. The fund managers are talking positive about crypto. Regulations will come to a point where it will swim effortless unless you want to remain anonymous with your crypto. That should be a choice you have. I am not saying you will be a termite but yo will have to follow some rules in order to manage the system.
Having crypto ETF will propel the value for crypto. It will help many holders that manage to hold for a long time to find the power from within. This is why the timing to hold and invest in crypto is now. I know many tokens are on the green pasture. Keep researching for the right moment. Daily cost average is the best motive to purchase the tokens you know that will reach the moon.
As a parenthesis, investment in crypto is a risky business. Always invest the amount you are willing to put away for a long time. Lately the timing differs for many. Holding with patience could the best approach to see the incoming abundance.
Keep doing yourself the favor of grasping on the knowledge.
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Lovely pieces of advise there, when one is basically invested sometimes you only reap the dividends if and when you're locked away for a period of time when your investment can yield quite well. I've come to see investing in crypto as a retirement plan, whatsoever.
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This is what 2020 makes us to see clearer
When tough gets going crypto comes to the rescue.
No rush just stay there and you will see you climb the mountain of life and descend easily since you plan right
!BEER
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the more knowledge we have about cryptocurrencies, the better for all of us, so let's read and learn better and continue to stack many more tokens.
Stack everything that walk your style.
You know what fit you better than everyone.
!BEER
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That's right, my friend, I'll continue working to stack as many #Hive as I can and take our family to the top.
The first Bitcoin ETF approved in US is probably the catalyst that will give us a $50,000 daily green candle.
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That would be ginormous to start.
ETF in itself is a product that is regulated.
At least it will put crypto in a path with less resistance to go mainstream.
I think they have no alternative of it. those who will adopt early will be benefited more and I am pretty sure that all will come under the crypto umbrella in the distant future. so there is no option for them at all except thinking in that way.
This is true with the blockchain approach all will follow the line with less regulations.
Crypto is so transparent if you know where to look compare to the traditional market where traders still need approval for certain aspects.
Unfortunately just a gentle group will get the crème of it and early adopters.