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When Satoshi conceptualized the BTC network and mined the first genesis block, he never would have thought that someday it’ll be a great asset to invest in. He probably just wanted to show that there is a way to send money without relying on governments or any intermediaries.
You shouldn’t see Bitcoin as a mere investment. You should look at it like buying value for the future, but paying less value than what you would gain from it in the future.
Someone pointed to a FUD stating, “Who’s excited for the Bitcoin (BTC) Rug Pull?”
For clarity, a rug pull is a malicious manoeuvre in the cryptocurrency industry where crypto developers abandon a project and run away with investors’ funds.
The exact day Wall Street added CME Futures in Dec. 2017, Bitcoin topped out, then plunged -85% Next week, Wall Street is expected to go live with BTC Futures ETFs, which will likely have a similar impact.
Thus, the entire crypto market will crash very soon. Bulls have two options: 1.) A triple top, or 2) A gigantic WEEKLY RSI BEARISH DIVERGENCE. And, both of these options are catastrophic for Bitcoin.
Community response: You’re right, the announcement happened months before and we had a major run up. But unlike with CME, the ETF is expected to start trading next week. The announcement (aka leak from insiders) and pump is now.
You’re clearly not taken into account the possibility of a Spot Bitcoin ETF approval following the futures ETF. There’s likely more legs on this run before a pull back.
Spot ETF is not happening anytime soon. Ask even the biggest Bitcoin bulls, and they will agree. Plus, a spot ETF is very unlikely to be given the green light especially not when BTC is in this bubble phase. Would be very irresponsible. Next year is more likely depending on where we go from here.
Would be very irresponsible from the perspective of their institutional friends. He just spreading FUD to shake out the weaklings so he can buy lower.
It dropped 50% in a month just a few months ago what makes you think it won’t happen again. This is exactly what makes all these rich people laugh because they see the people make the same mistake over and over again and that’s not taking profits because they think it’s always bullish.
This is completely legit. It is safer to have an ETF then hold multiple wallets which could get stolen, burned or whatever. It’s like holding all your net wealth in $ in a safe at home. This would suggest that investors sell for ETF.
This is a joke right? If not, it’s most definitely not legit. Bitcoin wallets can’t be ‘burned’—They’re digital. A wallet cannot be ‘stolen’ unless you give your keys to someone else. Unless you’re talking about an exchange wallet—in that case, conversation over.
It will be a sell the news event! Nothing more. Stop being so dramatic. You are not timing your predictions well enough!
