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Limited Bitcoin ETF Going Live



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6 Comments

6 Comments

  1. Jeff Green

    September 11, 2019 at 2:35 pm

    You seem to be 100% sure that Bitcoin has entered a new bull market. I thought so too until I looked at some of the alt coin charts. I'm only about 50-50 on this being the start of a new bull market, since ETC, ETH and some other alts look like they're in a bear market rally (or dead cat bounce). BTC looks a lot stronger than the alt coins do, but cryptos tend to move together, just like every stock and commodity sector does. After noticing that the alts are still in a bear market, seeing the sharp crypto drop on Friday's Fed news and realizing that the US Dollar is still in a bull market, I cancelled my order to buy the Ethereum Classic fund (ETCG). It just hasn't turned around yet, so it's too risky to try to catch a falling knife. In regards to this new Bitcoin fund, it sounds like a way for institutions to rip people off by getting in early and then selling it to their clients after it goes public and Bitcoin has already gone up considerably. So, I'd avoid both BTC funds now. BTCG because it will have competition now and the new fund because it's a sucker's bet.

  2. Daron LeBlanc

    September 11, 2019 at 2:35 pm

    Well done Phil! Great information.

  3. Shalom Dunn

    September 11, 2019 at 2:35 pm

    Bitcoin rsi still needs to go over sold on the one day. Downward pressure on price.

  4. robbynelson3

    September 11, 2019 at 2:35 pm

    Regulation= License to manipulate.

  5. John Wardell

    September 11, 2019 at 2:35 pm

    Will this allow more price manipulation? Maybe

  6. Stephen BMX11

    September 11, 2019 at 2:35 pm

    Wouldnt this rule just allow institutional investors just gain another edge and buy at their discounted price and sell at the GBTC price? So BTC will struggle to make new ATHs, correct? Thoughts?

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