Some facts about CryptoCurrency..! Update 4
Bitcoin didn't die, it is a just correction phase, this is beginning.
Remember that the ETF is coming and will have a positive influence on the market.
Institutional money is entering into the market, we just don't see it,
Because they are grabbing every dip.We can expect to start bull run in mid August!
Patience is key in this game! We are going to the moon!
Bitcoin ETF Decision will NOT be on August 10
Certainly, already has heard from August 10, the date in which the SEC will decide its decision on a proposed Bitcoin ETF.
[ On June 26 the U.S. Securities and Exchange Commission (SEC) received an application from CBOE Global Markets for a bitcoin exchange-traded fund (ETF) license. ]
The approval of a bitcoin ETF could be great news for cryptography, that would move the price of BTC significantly and help protect shareholders against operational risks associated with investing in the asset.
Previously, it was suggested that the SEC would take its decision with respect to the proposal before August 10. However, it now seems that the date might not be correct.
Date left the notice from the SEC that States that a decision will be not less than 45 days from the date of publication in the Federal Register. The SEC notice was published on June 26, but that is not the same date was published in the Federal Register. The publication of the Federal Register only appeared on July 2, which means that the date for a decision is August 16. Even then, the date can be extended if necessary. An extension of 45 days is possible. This means that a decision is expected at the latest on September 24.
Soruce
Update 3 - 10 hours after publish
Somebody asks me some questions I think its questions is very important to understand the importance of the ETF Thanks You for asking Right Qustions
Bitcoin didn't die, it is a just correction phase, this is beginning.Answer: Bitcoin still major base currency and still #1 on coinmarketcap
Remember that the ETF is coming and will have a positive influence on the market.Why? Explain the process how it impacts the prices
ETF an Exchange Traded Fund,
An ETF is a type of fund which owns the underlying assets such as shares of stock, bonds, oil Futures, gold bars foreign currency.. And now BITCOIN
The Etf Divides ownership of the assets into shares and shareholders have access to their portion of the profits!
ETF’s trade on exchanges such as
NASDAQ
$10 trillion market cap
New York Stock Exchange
US$ 21.3 trillion market cap as of June 2017
London Stock Exchange
US$6.06 trillion
Six Swiss Exchange
CHF 1,148 Billion market cap as of 2014
Hong Kong Stock Exchange
HKD 30.54 trillion (2017)
(Market cap source Wikipedia)
ETF trades like a common stock and are traded all day and this way bitcoin market get new attracting investors or prices fluctuating liquidity in the market once an ETF is listed on a stock exchange it is opened to thousands of traders
Mean put a fire under the bitcoin price :)
Most responses so far appear to be in favor of a BitCoin ETF. For example, President of LogicBox, Inc. Jeremy T. Goemaat writes:
I strongly support the listing and trading shares of SolidX Bitcoin Shares … This fund seeks to target high net-worth investors, so I do not see a risk to retail investors. To to [sic] contrary, I think and ETF that is backed by actual bitcoins versus futures, is much more healthy for the market and will provide more stability.
Travis Williams writes:
I suggest action be taken to start approving ETFs versus inaction which appears to be more damaging to investors.
Ryan Donohue writes:
We strongly urge that this ETF get approved to signal more businesses to get involved with more regulation and prove this market safe for everyone looking to get involved.
Institutional money is entering into the market, we just don't see it,
Because they are grabbing every dip.
2017 after rejaction Bitcoin Futures began trading as big investment banks such as Goldman Sachs and JP Morgan started dipping their toes in cryptocurrencies
https://bitcoinist.com/goldman-sachs-trade-bitcoin-futures/
In this wallet 48,000 Bitcoin Hold from last month i don't know why but still hold and there are many wallets who hold there coins in last few month
Keep your eyes peeled for news on ETF’s!
Update 4 - 2 day after publish
Hi guys so finally Bitcoin make a breakout and am getting strong bullish confirmations from here.
As you can see in this chart above long term formation has broken and we see a huge spike in prices in last 24 hrs, Bitcoin jumped over $1000 and that's a huge gain.
absolutely not, probably that's the exact time to catch the train, don't just sit and cry that i missed the dips, Bitcoin is still undervalued, and for the next rally we need to confirm first, and probably that's the confirmation.
Remember guys nothing is financial advice here, your funds and decisions are your own responsibility, don't rely on others always do your own research.
The U.S. Securities and Exchange Commission (SEC) has received an influx of comments on behalf of cryptocurrency enthusiasts on the matter of the approval of a Bitcoin ETF. So far it's looking extremely favorable for an ETF!
Let's all get our comments in favour of this and show the unity of this space. Also, let everyone know once you've submitted your comment below. I'll leave the link to the website
How to submit comments: https://www.sec.gov/comments/sr-cboebzx-2018-040/cboebzx2018040.htm
Main website article: https://bitcoinist.com/sec-flooded-comments-bitcoin-etf/
Will wait to get your opinion ?
i am not a writer by profession i am basically a trader so when i was start this topic some people do down vote to me i am sorry if i hearts somebody with my this post.
Note: Cryptocurrencies are highly volatile, so please take care of your investments and always use stop loss orders to limit your loss.
Been a long summer, can’t wait to finally make some serious gains again, but until then ill keep accumulating.
Most important thing is to keep cool. I invested only in projects I really believe in. You know that your investment is a good one if you dont care about daily swings. Longterm is the magic word. Give the technology the time to grow. Good luck to all my crypto bros.
yeah .. summer is going and profit is coming .
i am seriously waiting for winters.
Flagged for disagreement on rewards; over $600 for a posting without any substance or originality is a bit over the top, wouldn't you agree?
Apart from that: These aren't facts, but opinions without any foundation, and possibly very irresponsible trading advice, which also helps making this a good candidate for the Shit Post of the Day Award.
How did he got $600 for a post ? I think something is off or that's not the total amount of money he received. I still don't understand Steemit system so well even after reading about it from some top rated and comprehensive posts on Steemit about Steemit
He bought some big votes using bidbots.
Yes, you can actually buy votes on Steemit.
So he bought votes of $600? Or only $200-$300 and the rest was money made from Steemit? If he paid $600 for bots what's his benefit? The post wasn't spectacular neither to leverage his acctions through paid promotion :/
I'd like to believe there's some kind of ROI you can get out of doing that the right way.
How long will I need to wait for the rocket to depart from earth to moon?
In just few days after August...!
Most of the listed things are just opinions and mere speculation.
Most of the listed
Things are just opinions and
Mere speculation.
- abhinavramesh12
I'm a bot. I detect haiku.
Blockchain has numerous advantages:
But there's more to like about blockchain technology than just its decentralization. Because miners are working 24 hours a day and seven days a week to verify transactions, they can be settled much quicker than through traditional banking, which sticks to normal businesses hours, closes for the weekends, and often holds funds for a few days. Plus, without a middleman, transaction costs can actually go down with blockchain.
Additionally, blockchain offers user control and transparency. Rather than letting a third-party control the future of a cryptocurrencies' blockchain, members of a cryptocurrencies' community are who call the shots with regard to future development.
Yes..! You are right, that's why crypto have 100% future
Thank you
I generally agree, and I think some of these guys posting here so negatively are sour grapes.
Nope, nothing sour. Those points aren't facts, it's opinion, and that's a fact. Also, the original post here reminded me of a second grader's book report. And the value of this post does not reflect popular opinion. The author bought those rewards, so there's nothing to be jealous about. I could make the trending page ten times today if I felt like it. Being here with nearly $600 next to the post is not an accomplishment. If I buy a cheeseburger, I'm not accomplishing a cheeseburger. I'm purchasing it.
This guy will take a loss here because of his financial decisions today. He probably doesn't even know that, and he's sitting here offering up financial advice to you folks who naively buy this bullshit.
I could piss in a jar, take a picture of it, and talk about the health benefits of drinking it, and because I could boost that bullshit up to the front page here with a few hundred dollars, people would believe it. I could literally sell you folks my piss and many would think I'm the greatest man alive for doing it.
So whatever, call it sour grapes all you want.
OK, I respect your opinion, and maybe you're right. The title was a bit off, but I do tend to agree with his conclusion. Just the negative energy seems a little misplaced.
Fair enough. Being honest these days often comes across as negative. People need to be cuddled. I get it. Unfortunately, I see no need to mince my words and beat around the bush.
Have a good day.
I wouldn't worry too much about the bidbots, it's part of the natural growth of the platform and will be competed away quickly on its own. If enough people use the bots' steempower for upvoting the ROI will disappear, making it a level field for quality posts on its own. IMO. Have a great day yourself!
I'm not worried about the bidbots. I made nearly 23000 SP without using bots. These people using them lose money. Since the term ROI is used, they subject themselves to losing even more once tax season rolls around. I don't worry about them either though. Making silly decisions with their money is their right.
Cool, what I'm saying is I wouldn't worry much about their effect on the platform long-term, never mind the individual case here. The incentives are there for the cream to rise.
I've been here for nearly two years. I've already seen and experienced the negative impact they've left in their wake. You're barking up the wrong tree.
Why? BTC is a shitcoin afterall.
Why? Explain the process how it impacts the prices
Any proof for that? Oh well there is non, because you just claim that.
Why?
That´s what the Lehman Brothers investors said lulz
I have updated post all Answers .
Awesome work:)
This is real Facts
I think Btc will recover and the next bull run will be much bigger. A lot of positive news was that didn't effect the market but will show strength after some big price movements. Fundamental reasons for that is that big smart money already are going in that direction and we will see the influence of that in this year already, maybe even in August.
If the ETF gets approved then we are definitely moving higher! A lot of great projects for the year already!!! Blockchain is the future and those folks who don’t jump on board will get left behind... I foresee a 45k- 60k Bitcoin by the end of the year!!!
Big money will pour in if we get ETF
I totally agree with you @icotelegraph
It will not only recover, it will surely hit 50K USD by the end of 2018 and from there it again get correction.
so lets wait and watch...
True. And it also depends id countries wont ban cryptos. I wrote a comprehensive list of countries that may ban cryptos. https://iwillteachucrypto.com/world-top-35-bitcoin-blockchain-tech-friendly-countries-by-ranking/
We all hope it will happen soon...and dream comes true...
@icotelegraph agree!
@cryptocity24 Patience is the key for sure
Yes you are right preetika...All crypto traders should need this Patience...Before taking any decision.More you HODL more you gain profit in this Crypto Industry,I think....
True!
patience, don't desperate!