ETF will also lauch these cryptocurrency

in #etf6 years ago (edited)


image source

As we all know we have seen market showing its bullish trend may be this is the effect of ETF news when ETF will launch we can see huge growth in bitcoin and in other cryptocurrency too but there are is some other news which may all of you did not know that bitcoin is not only currency which are introducing in ETF these cryptocurrency also inroducing in ETF this is because these cryptocurrency hold almost 90% of crypto market which we can see in below data

fgybjd.PNG

image source

#Why introducing ETF will Skyrocket crptomarket ?

When ETF will successfully applied to these 10 coins which are listed above big investers have to purchase these cryptocurrecy in bulk so that their user will trade easily and this thing will skyrocket the price of bitcoin and all cryptocurrency hopefully.

#What is ETF?

ETF is a exchange traded fund in other words after ETF comes in bitcoin and other cryptocurrency bitcoin will simply act like as any share which we basically trade on share market once ETF get approval of bitcoin it will add on any international exchange to start trading in high volume exchanges must have bitcoin and other cryptocurrency in bulk so to do that exchanges will buy bitcoin in bulk and this buying will skyrocket the price of bitcoin and traders who trade on exchanged can trade easily.

#When ETF will come in action?

We heard some news that ETF will come in action in september 2018 but after september it will also take lots of time to set all the things running smoothly simply we can say it can take 6 to 8 months or may be it will fully come in action in 2019.

#Will it affect altcoins?

As we have news today there are more 9 cryptocurrency which will launch in ETF .Now the problem is when these 10 coins will start trading on ETF platform price of these 10 coins will skyrocket aand all investers and whales will mostly trade in these coins and volume of other altcoins will be negligible so people who are holding there coins for long term may be suffer from this but as we know every coin has limited availibilty so this thing will balance whole market people who will not able to buy these 10 coins will go for another so it is good in my perception.

F7oxbXAs_400x400.jpg

image source

ETF introducing in cryptocurrency is good or bad?

As everybody is saying ETF introducing in bitcoin and other cryptocurrency will be good and mostly there is some reasons such as -

Bitcoins will accept by whole world.

Bitcoins will get exposure.

People will start believing in cryptomarket who are not believing right now.

Big investers and whales will come in our market.

As we all know price will boom.

Now the bad things which can happen after ETF introduce in cryptocurrency

Now we know that they are approving only 10 coins for ETF but we have almost 1700 coins and tokens so the
problem is when ETF will come in action most of the people will only trade in these 10 coins because there
volume will be very high and profit too for sure but what about other altcoins rest of them .

These altcoins wil be also give us profit as we know we have limited coins available in market .Like we have only
17,169,637 bitcoins right now not everybody will be able to purchase it because it is limited so people will find
alternative and alternative is rest of the altcoins in this way every cryptocurrency will get exposure.

But in worst case scenario if bitcoins and rest 9 crypto did not get that much exposure then it will be bad far our
markst just my perception rest of the thing will only clear after ETF will come in action so cross your fingers and
pray to good that everything will go well .

That's it for today thank you.

Follow me on Steemit

steemit

What did you think about ETF share your view in comment

For detailed and further news news source

Sort:  

it wil happen bitcoin wil moon same for steem

Moon as in

bitcoin_MOON.jpg

Just clarifying

@akrblogs you might want to add the NSFW tag to this post.

this is def NSFW

Not safe for work")

Posted using Partiko Android

Sorry, it's just me being a bit naughty. I like to have a bit of fun sometimes.

yes i thing you are right

What in the fuckity fuck is this shit?

ETF is a exchange traded fund in other words after ETF comes in bitcoin and other cryptocurrency bitcoin will simply act like as any share which we basically trade on share market once ETF get approval of bitcoin it will add on any international exchange to start trading in high volume exchanges must have bitcoin and other cryptocurrency in bulk so to do that exchanges will buy bitcoin in bulk and this buying will skyrocket the price of bitcoin and traders who trade on exchanged can trade easily.

You damn right hashtag what!

#What?

Congratulations!

Shit Post Award.jpg

I'm downvoting this post as well because goddammit; there's no way this post would make a trending page anywhere else in the history of places where people enjoy things!

Some suggestions include:

  • Don't pretend to know what you're talking about
  • There are millions upon millions of people who speak a language you understand.
  • Don't be afraid to use it!
  • Create a community of those who understand what you're trying to say in your own words.
  • Thrive together!
  • Help build this place up and make it go global!
  • That would be better than attempting to fake English and wasting your goddamn money boosting shit posts to the top of the goddamn trending page all while making a complete ass out of yourself!
  • Please improve.
  • You're welcome.

Why fail at being someone you're not when you can excel at being yourself?

Ciao!

Give the author a break. the English may have been poor but the there are some pretty good take points in the article.

How do you even downvote?

Hopefully it will not be just bitcoin... many other cryptos will follow.

Hope so.

Such will be the sky.

Flagged for disagreement with rewards. Poor English, poorly formatted and not worth 531.68

Up, as you have the gut to do so!

This is a truly terribly written and presented post.

It's a disgrace. Put some bloody effort into it if you are going to smear this all over trending with bid-bots.

Nice, finally calling posts out as they are. Too many yes-men on Steem.

i agree with you, english is bad, presentation is without concept

It looks like google translate English.

free airdrop IOST is currently available on all top 5 exhanges: Upbit, Binance, Bitfiniex, Huobi, and Okex. You can also trade IOST on other 20+ major exchanges ! https://hub.iost.io/register?inviteCode=HksgKfUEQ&lang=en

Where is your ETF now? On the moon already? What a pathetic display, the crypto sphere is stagnant like a pool piss.

@nameless-berk for your kind information Winklevoss twins bitcoin ETF rejected by SEC not cboe and i am talking here about cboe here is reference for you https://www.cnbc.com/2018/07/26/winklevoss-twins-bitcoin-etf-rejected-by-sec.html

Some interesting ideas here. Take a look at our daily predictions as well to help you with your research (free tool beta with no signup): https://www.predictcrypto.net/premium

its a good news for investor & traders

I am not trader i am crypto lover.

Making love with crypto?

You got a 30.24% upvote from @th3voter thanks to: akrblogs!



Image Source cloudinary.com


This post has upvoted from @th3voter !For more information, click here!

You can earn daily profit by delegating SP to our bot, 100% of earnings paid out to delegators. To do so, click below:
30SP, 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP, 10000SP,
Custom Amount
Make sure you have at least 15 SP left on your account.

thanks the3voter

Interesting information but you have horrible English. Please grammar check before you buy votes and post next.