I wonder how this will work out!
Ethereum futures listing live on CME with $5m volume
https://finance.yahoo.com/news/ethereum-futures-listing-live-cme-145718027.html
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I wonder how this will work out!
Ethereum futures listing live on CME with $5m volume
https://finance.yahoo.com/news/ethereum-futures-listing-live-cme-145718027.html
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Let's see how things play out once the institutions step in. They lack the ability to get in directly so they rely on trusts and ETFs to legally enter. I dread what would happen to actual traders when ETH shoots to the moon and gas fees keep going up. Now let's watch the manipulation of prices.
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That's right, I wasn't even thinking about the gas fees!
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Imagine what would happen if the funds keep constant trading and keep the networks busy. Then gas fees can stay high all the time since it is based on network usage. Then gas fees are always high. If they are smart, they will invest into ETH miners and get back a portion of the fees to offset their cost.
In the case that above happens, retail will pretty much always pay high gas fees. I can see the manipulation happening.
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I have always said that what drives many investors still on the ETH platform is the high fees. If the developers can't find any way to try to solve this "problem", I'm afraid they may encounter mass dropouts.
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I completely agree. The current structure where miners pick up the gas fees makes it easy to manipulate. All they need to do is control the miners and increase network usage to make gas fees high for good.
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I'm not very bullish about ETH safe the fact that WLEO is linked to it. The fees keep me away.
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You are absolutely right. The trend will be to move further away if it continues.
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Yes. I can't imagine one paying a $1000 as fee when one can do as much free transactions with HIVE.
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Wall Street's playground.
It will allow them to manipulate the crap out of the token like they did with Bitcoin.
Anything under $1 trillion is the mecca for them, something they can move rather easily.
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I definitely agree. Tesla is investing billions in BTC and Apple is rumored to be spending billions for BTC. Do you think they corporations will be making a huge move first or the hedge funds?
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Many hedge funds are already getting involved via GBTC. They are loading up on that.
I have a feeling this is going to open the doors for the corporations to place some of their reserves in it.
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It will. They can always liquidate the position for cash at any point in time as well.
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Would be good for them (Apple) if they join us. Maybe then, we'll see BTC heading towards $70k. I'm thinking of what price it would be when say 100 HUGE institutions join.
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Yet again, Wallstreet takes a good thing and will give it a hard time.
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There is little doubt about that. They are cockroaches who seek to control and profit off all they can. They do not care about anything else.
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