BITCOIN: S.E.C. rejects BITCOIN ETF..!!
BITCOIN
The Securities and Exchange Commission today rejected the proposal for a BITCOIN ETF..!!
Exchange Traded Funds (ETFs) are everything that Blockchain is NOT..!!
A rejection by the S.E.C. to accept a proposal to list an ETF to trade BITCOIN is great news for BITCOIN and for this I remain STRONG BULLISH.
BITCOIN IS CAPPED AT 21,000,000..!!
Recently I posted a blog about an important number that today cements my Strong Bullish for BITCOIN.
BITCOIN is capped at a mere 21,000,000 coins and it is this that will ultimately be the edge for BITCOIN when you measure against a FIAT Currency that will see its value plunge into the gutter.
BITCOIN is everything that FIAT Currency is not, it has NO DEBT..!!
Thanks again for reading
Stephen
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haha reading the replies, Stephen agree the ETF was possibly a detrimental development, why own a derivative when you can own the real thing?! Interestingly these news items that drop the price just present great opportunities to accumulate additional coin. ETH did not experience the same swings and is challenging All Time High, so will BTC again. The trend remains intact for both. Nothing has changed, keep Steeming and Accumulating coin as funds allow.
I could not agree more. Just posted a quick video whilst I was out this afternoon on this very subject. Stephen
Roller Coaster Ride...
I heard a phrase recently "why save IT if they keep printing IT"
After Bitcoin is finished mining, you can NOT make anymore Bitcoins.
Let's KEEP Bitcoin Debt Free...
Frank
Todays news is MASSIVE for BITCOIN. The last thing BITCOIN wanted was an ETF pumping and dumping the price and flooding it with garbage pieces of worthless horse dung derivatives. We have enough with the garbage that we already have to deal with the last thing we want is to have BITCOIN smeared in the same horse dung..!! Anyone who thought it was a great idea to have a BITCOIN ETF really needs to have a good look at the festering garbage that is sat on top of GOLD and SILVER right now..!! Stephen
(((Stephen DROPS THE MIC)))
just in case nobody noticed ;-)
haha haha. The mind boggles when I see everyone with their heads in the hands staring at the screen and wondering what the hell to do. A suggestion, turn of the computer and sleep safe in the knowledge that you are one of the lucky ones to have a slice of the 21,000,000 no matter how big or small you own..!! Stephen
(STEPHEN, STEPHEN, STEPHEN...encore)
So very true, another saying..."you can't play unless you have ticket, it just takes 1"
Frank