Stalling ETF inflow buying makes Bitcoin/Altcoin lose momentum with its upward skyrocketing?
I personally thought that ETF would fuel the demand for BTC, little that I knew that they will sometimes pause buying and now it does make the momentum of the price of BTC and almost every Altcoins out there to stall if not gradually lose momentum considering that there is a regular outflow from Greyscale and it is one big factor for the pause in levelling-up the price of BTC where the altcoin suffer more with a greater magnitude on the downside.
However the Asian ETF together with the upcoming Australian ETF would make some positive difference in my opinion because it will cause an additional demand for Bitcoin so it remains to be seen. Now what we are waiting for is wait for Greyscale to stop its selling GBTC and it will happen and thus it will make the demand even greater with the balance of supply and demand for BTC favoring more of the demand side and what will happen next is the eventual growth of the price of BTC.
It is still a waiting game and we have to be patient because for BTC, the name of the game is "long-term" and that buying BTC (not a financial advice) now will make you preserve your wealth if double the value of it every year as an average. There are many ways to profit in cryptocurrencies like staking, mining, GPU mining, services, games, contests, or even hodling for some cryptos including BTC will serve you to get some dividends although you still have to do your due diligence because cryptocurrency prices can also move in not favoring you either fast or gradually. If you happen to discover on what particular cryptos are serving you the best for a long time and it is backed by talented developers and community behind it, well better stick to it because it will be the best pick out of the many that comes and goes rather than giving you dividends continuously for as long as you have the "skin in the game".
Skin in the game I do have and it is working great for me, now I am in the cash-out mode because I have to for the reason of the amount of time which I spent in growing my account. Well, in this example I am talking about STEEM where the earnings really are good enough for me although the greedy side of me wants more which is why I am still collecting liquid of those tokens to be sold when the price is just right for me like when there is a pump action which happens regularly which STEEM token is known in doing all these past years even if there is a bear season.
As for BTC ETF's power to move the price up, well not all ETFs are USA-based and that Hong Kong BTC and ETH ETF as well as AU ETFs for the said cryptos will truly make us all more confident with regards to BTC reaching prices that are predicted to come because we are talking about the big demand for BTC here and these said entities are "bringing home the bacon" for the rest of us like-minded people who sees cryptos as our ultimate stepping stone to make our lives change by solving poverty and making us pursue Joy easier compared to being a slave to an economy which will eventually consume us if not dry us completely with our finances in the form of FIAT which is at the mercy of US treasury and US governments borrowing money which they can't pay and thus ruining the value of the dollar and our own country's fiat currency because of inflation. One way to battle inflation is to earn more money perhaps and we can do it given the circumstances, by using what the general cryptocurrency can offer where sometimes it will be like money growing out from a tree if you are lucky.
Upvoted! Thank you for supporting witness @jswit.