The SEC decided to postpone a decision on the Bitcoin ETF for 45 days. The crypto community did not take this news well, with the market dipping almost 10% as a response. In this video I ask a very important question.. do we even need the Bitcoin ETF.
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I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.
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I am with you brother!
To Hell with Crypto ETF's and Futures!
Thank you sir @boxmining Such thrilling platforms are really helpful in making the crypto space full of people.
hope my videos can help you
your video is very important for bitcoin.
thank you
your bitcoin post is very great.i love your all video.
thanks for appreciate my video
really your opinion hundred percent truth. i am agree with your opinion. The ETF is not needed to progress the technology behind cryptocurrencies, blockchain. we don't need the bitcoin ETF. We just eagerly waiting for the strong market.your dlive video always perfect and very important every steemians.i am learning everyday new thing to see your video and writing word.because your explantation skills just fantastic and talented.thanks to sharing for your great post.. very well done..my dear friend.. @boxmining may god bless you.you are really super hero in this community.my best wishes anytime with you and i wish that your all dreams very soon comes true.keep it up.see you again.
Thanks for explaining sir .
i agree with you
Seeing such a situation in the market, I am very scared
don't be so scared cheer up man
It really does not take much to shake up this market, and every Crypto follows BTC. I look forward to the time when the alt coins can hold there own and not play follow the leader. There has been positive new that has come out, and it just does not help this market. Are the big boys scooping up prizes.....
Resteemed 👍
I think we don't need Bitcoin ETF. The market is really disappinted us but hope very soon it will be recover. I appreciate your valuable explanation.
The dream of every person in the world to earn a bitcoin.
not going to happen there is only 21 million bitcoin and 7.6 billion people that gives 0,00027480864 BTC per person.
Bitcoin prices were much higher over the past few months but there are still fewer today.
Thanks to sharing for your great post.very well done.my dear friend.@boxmining.best of luck on steemit.
bad news for us that the price of bitcoin and SBD is low.but we hope this situation will not stay for a long time.
Bad news coming all the way but we should be hopeful that we will see positivity in coming times.
Really we don't need the bitcoin ETF. We just eagerly waiting for the strong market. Your beautiful crypto analysis always helpful for us. Thank you sir @boxmining for always sharing valuable updates with us.
Bitcoin is all that everyone needs, but what can be achieved if you want it.
The ETF is not needed to progress the cryptocurrencies, because the technology behind the crypto is blockchain so we don't need the bitcoin ETF.
ETF is not so important just we need to be positive or to hold crypto for long time to get huge profits.
I agree with you sir @boxmining. I always like your excellent video analysis. Your crypto analysis is really helpful for all of us.
Thanks for sharing positive news about bitcoin .
really appreciate your work.
fuck man, you cheer me up in this market lol.
Over the past few days and weeks I've seen this mentioned more and more. You raise interesting points! A rise in accessibility could bring about a rise in education in crypto though - which is what this video says is the most important factor for longevity. If this is the case then, while we might not need ETF, it might be extremely important?
Seeing this video here, you explained it well. To be honest I never even wanted the ETF to be out and released to other exchanges. Why? Because just like you said, your opening a trading market to people who don't know anything about bitcoin. Thats scary to me, because if they don't know even how to store a bitcoin, than they have no reason to trade. I remember a bunch of YouTubers started getting into crypto and they would see a public key and a private key and they said "I don't know what that means, so lets move on."
I see the long term value in BitCoin here. I know we don't need the SEC to try to regulate BitCoin, or an ETF to open to more traders. Those traders can get on a crypto exchange and learn for themselves.
45 more days to see what happens. I think even then, the SEC will delay or cancel the ETF. But while this news has dropped the price, give it some time and buy in a little.
@boxmining I completely agree with you most of the new people joining don't know at all what is the purpose of crypto coins they just listen from other they grow very quickly and they buy it. But when they say a little dip these are the people who become more panic and sell their assets and become the reason for the bigger dip.
If they know the feature and features of these coins they will never sell them which in result gave us a very big pump.
Onc again thanks for great motivational share keep it up.
first guess: no.
Does the video proof me wrong?
It may not be necessary, as adoption is key, unfortunately that just does not seem to be happening. Steps are being taken in the right direction, but at a sluggish pace.
All cryptos need to have a fully working, easy to use wallet (rarely the case), as well as a cheap manner in which to buy cryptos with FIAT (again not really the case).
Until the above is true, I remain neutral on crypto. The technology is there, but peoples pressure on cryptos is all about ROI and not getting the boring basics in place. Waiting and hoping things will change for the better.
A couple of altcoins don't need this Bitcoin ETF. But it sure helps for Crypto in general.
2018 is really strange compared to 2017. In 2017 everything went up. No matter what. And now we are waiting for this ETF?
Buy the Dip!
May not need it but it would be great to have!
@boxmining This News made the fall in Crypto because short traders came in Panic with no reason. But I hope Market will recover very soon.
Its just all the uncertainty it causes for the whole market that gets me, sooner the better
We just need answers to move on
The ETF is not needed to progress the technology behind cryptocurrencies, blockchain. However, it is a key reason why prices have increased in the short term. The expectations of investors gaining easier access to bitcoin drives the demand side of the equations given the limited supply available. It is only supporting the store of value use case for bitcoin which is unfortunate because of the potential it has as a payment currency. I think the ETF will ultimately be approved but the SEC is careful to not create another bubble in prices.
As always grade A content.but as to the ETF cryptocurrency needs it desperately if it wants to move forward.since it is connected to the the largest investors in the world.ETF approves Bitcoin then there will be assurance for large investors.then whales jump in,the mainstream follows blockchain becomes the new Google,great for Blockchain we all have a massive Rave orgy like in The Matrix..on the other side of the coin "pun intended" if all the fiat whales jump in to crypto they will likely own all of the Coins.like they hold the majority of fiat now.and who holds the money makes the rules...this is Bitcoins "conundrum" Tan Tan Tan Thhhaaan
If we keep running straight toward the existing markets and tools that BTC was created in opposition to, we risk losing control of this market to the very folks that brought about the crisis in 2008. We must continue to focus on the utility that BTC brings to the people.