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RE: AltCoins Capitulate? Bitcoin still has not... Worse to come??!

in #steem6 years ago

At this point, I dont think there will be a Bitcoin ETF,(at least for the moment). How would they explain to all noncrypto users that they now approve an ETF when everything is going down.

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Because only buy at alltimehighs is not good for your portfolio.
You have a better chance of making money by buying if there is blood in the streets.

Also, those at the sec can buy now cheap and sell high after approving...

I think though they will only approve it if they want to end the traditional financial system...