Crypto markets have taken a beating over the past week due to the SEC's announcement to delay the ruling the CBOE Bitcoin ETF approval. This caused an overall negative sentiment as the community assumed that this ETF was going to be a clear win. We take a look at a possible reason as to why it's not a clear cut victory and into the recently Bitcoin Cash bug as well.
1:38 Market Overview
2:15 Bitcoin ETF Delay
4:49 Tether prints $50M USDT
8:06 99% attack resistant consensus by Vitalik Buterin
9:17 Bitcoin Cash Bug (SIGHASH BUG)
12:27 Blockchain Cruise https://coinsbank.com/cruise-europe
Articles Covered:
https://www.coindesk.com/the-sec-will-decide-on-9-bitcoin-etfs-in-the-next-2-months/
https://bitcoinexchangeguide.com/tether-usdt-market-cap-loses-300-million-usd-but-prints-50m-today/
https://vitalik.ca/general/2018/08/07/99_fault_tolerant.html
https://medium.com/mit-media-lab-digital-currency-initiative/http-coryfields-com-cash-48a99b85aad4
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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 dont agree that the ETFs are being held back in order to manipulate BTC prices, I think the SEC just doesnt care what happens to BTC's price, so they are doing their diligence. The ETF will pass, but it won't rise the prices as everyone is hoping, the market is simply not done dipping.
In one year BTC has doubled in value, that's too much too fast. Bears are not done.
Nevertheless, Im holding crypto, its my main savings, I will not ever leave, the prices might be bearish for a while yet, but that doesnt mean Im down on crypto. Im buying, I holding. I optimistic, but just not optimistic for the short term.
Such a valuable crypto analysis. Bitcoin Cash bug should be solved very soon. I always appreciate your valuable explanation.
Hello friend, You think the market will go down even more. For those of us who manage cryptos, it is something that is very worrying
I would say the market is waiting for one positive news to go upward.
I think so
The most discussed topic is now bitcoin, blockchain, cryptocurrency.
you are right
People's are not thinking for long term hold of crypto they just want to get huge profits in short term which is not possible .
i think ETF will be delayed untill the market comes up in bullish behaviour
Really Like your work and efforts .
thank you
I don't think that ETF has a great impact on crypto market.
Dear @boxmining sir,
now bitcoin market is very bad.
restemed and upvote.
I will
Technology will continue to evolve and development towards increasing adoption and value of many protocols in the blockchain space.
It's crazy how something as small as a delay can have such a huge impact on the market!! People really need to start thinking more long term.
Ooooh Michael, with such a tiny tiny part of the global population as talented and as dedicated to a common cause as these guys are, do you think it is wise not to keep them as decentralized as the crypto nodes are across the world? Even a natural disaster striking them together could mean an enormous loss for the future of humankind!
Surely there is good enough technology around for them to be in conference without them physically being in the same vulnerable spot?
The fact that thenlrice of bitcoin is back to where it was before the increase in speculation of the ETF approval, is a sign that it is fairly valued which is ultimately positive as the network continues to develop and increase in adoption. Also, surprises of other efforts like an ETF could add to that value again.
I think they will delay the decision for as long as possible to keep the market within this range. They might throw out a teaser so there isn't total despair. Who's going to sell BTC to these ETFs? I think it's whales that have been accumulating at these prices.
these last days the markets have been very bad, the vertiginous economic decline they present and the waste is serious.
many many thanks for share a nice vedio.