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RE: Will an ETF (exchange-traded fund) actually increase the price of Bitcoin?
Hey Tolkatore,
I wrote a couple of weeks ago about Bitcoin ETFs. With regards to the futures contracts, I think it is a little different. Before futures, there was no real way to short bitcoin, so the price was inflated because all you could do is buy.
Now I am surprised that the volume traded of Bitcoin futures is so low! However they are not accessible to the average investor who has a trading account. A bitcoin ETF should be accessible to any Joe blow with a brokerage account. This will allow them to get exposure to Bitcoin without having to go through the faff of registering on exchanges, understanding wallets etc.
I think it will help a lot but the SEC is really dragging their feet on it.
And you know why don't you?
Because all them fucks in the SEC are controlled by fat cat banksters... that's why!
Well yes and as we all know, BANKS HATE CRYPTO!
They hate that they have to invest money to keep up with this new technology, they would love to just keep using outdated tech and charging high fees on them.
Anyway tolkatore I wanted to ask, you're probably the most generous author I've encountered here, which is why I like to support you. I noticed a lot of people comment on your posts but don't upvote the story. It seems to me a little unfair to not at least support the author, so I always like to upvote your blogs when I want to comment on it.
Have you ever used bots? I see you're growing at a pretty healthy rate in terms of followers/rep so I guess you don't need them. I'd be interested to know your view on bots. I have experimented with them and generally got a higher ROI on my posts by making the investment. They have helped me to at least cut through some of the sheer spam/plagiarised/scam posts that goes through the "new" section of any channel to try and reach an audience.
This is exactly why they fucking hate it, plus, cryptocurrencies put the power back into the hands of the people, where essentially they wouldn't need a bank if or when adoption gets big enough.
As for bots: https://steemit.com/steemit/@tolkatore/up-vote-bots-will-be-the-death-of-steemit-and-here-s-a-great-example-of-why-i-believe-it-to-be-so