Cryptocurrency News & Discussion

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The original was posted on /r/cryptocurrency by /u/DPSK7878 on 2024-01-11 14:49:53+00:00.

You can check my posting history. I mentioned in the past few days that BTC spot ETF approval is a rare buy rumour buy the news event.

It seems that my forecast is correct looking at the price action so far. fingers crossed

Sorry for those who sold their BTC at the recent highs.

So what's next for BTC ?

Looking forward to billions of dollars of inflows to BTC spot ETFs in the coming days. BTC halving and the US presidential election are some bullish factors.

These are some FACTs that are likely to push BTC much higher.

The risks to consider are recession, another pandemic or war that could derail this bullish sentiment.

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The original was posted on /r/cryptocurrency by /u/Steeled14 on 2024-01-11 14:48:54+00:00.

Quite the launch…

Bitcoin ETFs started trading on exchanges today. I thought they would have had things ready for a smooth rollout, but here is what I’ve learned in the early minutes of the market being open:

1.) Apple Stocks app showing none of the new tickers / listings. Amazing.

2.) Fidelity App is not showing iShares or BITB at market open. Their listing and Grayscale are there.

3.) Vanguard blocked a purchase of the security. Love their funds but wow at the restrictions in their app.

4.) Schwab was showing iShares but I could not attempt a purchase due to new funds transfer. Fidelity does it instantly but whatever.

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The original was posted on /r/cryptocurrency by /u/ImaginaryMarsupial38 on 2024-01-11 17:13:53+00:00.

Now that the ETFs for Bitcoin are approved, is it time for the SEC to move on and approve ETFs for other cryptos like Solana, Cardana, BNB, FTT etc? Seriously Bitcoin seems to suck out the entire oxygen from this space with all this ETF drama.

I'd rather have my bags pumped then see Bitcoin become a mainstream asset in the west or find utility as medium of Exchange in the global south like south african townships.

From my perspective, I am more inclined towards seeing a diverse range of cryptocurrencies gaining momentum and recognition, rather than watching Bitcoin continue to dominate the conversation a The potential for growth and increased value in other cryptocurrencies is immense, and I believe that diversifying the focus beyond Bitcoin could lead to more balanced and widespread benefits within the crypto space while pumping our bags. The approval of ETFs for a variety of cryptocurrencies would not only validate their legitimacy but also potentially lead to an increase in their value – a scenario I find more appealing as it aligns with my personal investment interests.

In essence, while Bitcoin's success is noteworthy, the evolution and growth of the entire cryptocurrency ecosystem are what truly excite me.

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The original was posted on /r/cryptocurrency by /u/xexotiqz123 on 2024-01-11 14:42:40+00:00.

There was a lot of talks about the etfs being approved was going to result in a sell the news scenario. I assume some of you listened to this and sold off around 44k. well now btc just hit 48k and youre sidelined waiting for it to go down in price again or you have to buy higher.

it's another friendly reminder to not listen to the majority in this sub. It's just been wrong too many times now to trust any opinion shared here. always do your own due dilligence and follow your gut. inverse r/cc strikes again :)

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The original was posted on /r/cryptocurrency by /u/OmgJosh925 on 2024-01-11 17:08:28+00:00.

I’m not sure why everyone is so bullish about the ETF’s being released. Gold and silver ETF’s killed the price of gold and silver, allowing for more money to be allocated to the assets than physical product held. Assuming the Bitcoin ETF’s already hold the required amount of Bitcoin to be listed, this is simply money thinking it’s going into Bitcoin without moving the price up.

Unless this is 401k money that is taken out of your paycheck and DCA’ed in, I don’t know who in their right mind would buy the ETF of an asset meant to be easily fractionalized, accessible, and owned individually. It’s really highway robbery conducted by Wall Street to offer the ETF and not the actual digital asset. Gold and silver had the narrative of not easily accessible or fractionalized. What’s bitcoin’s excuse?

Also not sure why people thought trading the paper asset would move the price of btc up today. I could see if buy volume was so high the funds had to buy more to balance the sheets, but that would be a quarterly thing.

TLDR; ETF bad. Paper asset. Not actual ownership. Only good for DCAing, in which you should pull out and buy the actual asset with amount accrued at least once a year (to limit UTXO’s) or for 401k (which should allow actual Bitcoin trading in the first place if they’re offering ETF’s)

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The original was posted on /r/cryptocurrency by /u/RealGabe101 on 2024-01-11 15:23:20+00:00.

Hello everyone, I'm a newcomer eager to explore the world of crypto. I've recently decided to invest a few hundred dollars and would appreciate some advice on choosing promising coins for potential profitability. While I dabbled in meme coins a few years back, I recognize the need for a more strategic approach.

I'm particularly interested in hearing about coins with solid fundamentals and potential for growth over the next few years. My past experience with meme coins taught me the importance of diversification, so I'm open to suggestions beyond the mainstream. Bitcoin and Ethereum seem like safe bets, but I'm curious about other altcoins that might offer exciting opportunities.

If you have any insights, recommendations, or lessons learned from your own crypto journey, please share them. I'm here to absorb as much knowledge as I can and make informed decisions. Thank you all for your valuable advice!

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The original was posted on /r/cryptocurrency by /u/DPSK7878 on 2024-01-11 14:49:53+00:00.

You can check my posting history. I mentioned in the past few days that BTC spot ETF approval is a rare buy rumour buy the news event.

It seems that my forecast is correct looking at the price action so far. fingers crossed

Sorry for those who sold their BTC at the recent highs.

So what's next for BTC ?

Looking forward to billions of dollars of inflows to BTC spot ETFs in the coming days. BTC halving and the US presidential election are some bullish factors.

These are some FACTs that are likely to push BTC much higher.

The risks to consider are recession, another pandemic or war that could derail this bullish sentiment.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/Savi321 on 2024-01-11 14:34:24+00:00.

Ouch, not very encouraging coming from the Central Bank Governor, especially when India led the International Crypto Framework discussion in the G20 Summit.

Well, well..

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The original was posted on /r/cryptocurrency by /u/xexotiqz123 on 2024-01-11 14:42:40+00:00.

There was a lot of talks about the etfs being approved was going to result in a sell the news scenario. I assume some of you listened to this and sold off around 44k. well now btc just hit 48k and youre sidelined waiting for it to go down in price again or you have to buy higher.

it's another friendly reminder to not listen to the majority in this sub. It's just been wrong too many times now to trust any opinion shared here. always do your own due dilligence and follow your gut. inverse r/cc strikes again :)

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/Perfect_Ability_1190 on 2024-01-11 14:12:06+00:00.

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The original was posted on /r/cryptocurrency by /u/Perfect_Ability_1190 on 2024-01-11 14:12:06+00:00.

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The original was posted on /r/cryptocurrency by /u/LincHamilton on 2024-01-11 14:12:00+00:00.

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The original was posted on /r/cryptocurrency by /u/LincHamilton on 2024-01-11 14:12:00+00:00.

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The original was posted on /r/cryptocurrency by /u/fan_of_hakiksexydays on 2024-01-11 14:01:51+00:00.

I'll keep it short for once, and not post a ton of charts. This is gonna be more of a speculative take anyway.

Bull case:

The obvious inflow of capital from a lot of cash on the sideline that wasn't previously able or unsure about entering the crypto market.

There's always gonna be investors interested in capitalizing on the volatility of Bitcoin, or even in its long term impressive gains. And now they can just do it from their existing brokerage account with a simple click, without having to venture into these crypto exchanges they don't trust, or into this unknown crypto world.

They will now be able to trade it on platforms or brokerage they trust, with regulation and oversight.

The doors open to retirement funds, and funds in general, could see perpetual inflow of capital, that could ensure an additional steady flow we've seen for the S&P 500.

With the end of the bear market, and a potential bull cycle, it will be easier for more new people to FOMO into Bitcoin.

Bear case:

Not that many people are gonna touch a Bitcoin ETF, or want to venture into that market.

The people interested in it are already in it and are just gonna use crypto exchanges. Or they would have already bought into Ark, Grayscale, etc... But they would rather own it and not have some fake paper derivative.

Bitcoin is too volatile and risky for most people. It's not suitable for retirement accounts. And many people won't have the appetite for that level of risk.

It won't create more FOMO into any upcoming bull market, because maybe not that many people will be interested in a Bitcoin ETF, plus there could still be a recession or economic downturn that could stop the bull cycle.

What additional bear and bull case arguments do you see?

Which side has the stronger argument?

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The original was posted on /r/cryptocurrency by /u/heybeluga on 2024-01-11 13:02:23+00:00.

All my friends kept calling me to ask if I've seen the new crypto documentary on Netflix "Bitconned". I had just watched the Bloomberg SBF documentary "RUIN" which I did not enjoy, so I was not looking forward to another bad crypto documentary. Boy was I wrong. Unlike the Bloomberg documentary which seemed to be made in a couple of weeks using AI, this was obviously very professionally done by Netflix. On purpose, I didn't even watch the trailer or learn the story, and just dove right in.

Full review here:

Btw which is your favorite Crypto documentary?

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The original was posted on /r/cryptocurrency by /u/Qwahzi on 2024-01-11 12:00:20+00:00.

As the title says, the Nano community is giving away Nano in this thread!

We'll send some Nano to anyone who comments their Nano address so you can try it for free with no strings attached. To get a Nano address, just get yourself a wallet:

• Natrium.io (iOS | Android)
• Cake Wallet (iOS | Android)
• Nault.cc (Desktop)

It takes roughly one minute to set up, and it's all free.

After 24 hours we'll randomly select a commenter for the 500 Nano grand prize. Additionally, for those that like scavenger hunts, there's a puzzle hidden in this thread. Be the first to solve it, enter the seed phrase, and there's a 100 Nano prize waiting for you.

What is Nano?

Nano is a fixed supply digital currency that offers feeless and instant transactions on a secure, scalable and decentralized network. Here is an article on the basics of Nano. Because it's a global, feeless currency, we can send everyone some, and it will be in your wallet instantly (<1 second). If you have any questions I'd suggest coming over to r/nanocurrency, since this post will likely get too many replies for us to see your question.

Now post your nano_ address and get some free Nano!

EDIT:

Reddit hug of death killed the tip bot: working to get it re-enabled!

EDIT2:

Bot should be sending Nano again, but it may not be able to post comments

EDIT3:

Since the reply bot broke, here's the comment reply. The actual send should still be working for now

Learn more about Nano

• Read this article for the basics.
• Visit Nano.community for comprehensive information.

Try a faucet

• NanoDrop sends some Nano instantly.
• WeNano has location-based faucets all over the world.

Use Nano

• Queue videos for others to watch or get paid to watch on CryptoVision.
• Pay per prompt to access ChatGPT4, DALL·E 3 and more via Nano-GPT.
• Easily develop with Nano using a Public Node (we're using one right now).

Ask questions

• If you have any further questions, come on over to r/nanocurrency!

Random Nano fact: It takes ~133ms to circle the Earth at lightspeed. Nano transactions are fully confirmed in ~426ms.

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The original was posted on /r/cryptocurrency by /u/pecimpo on 2024-01-10 19:28:07+00:00.

Hey everyone!

As a first of many, we at Bunni are introducing collateral usage for Uniswap LPs with Bunni's svUSD/FRAX pool on PoisonFinance, enabling leveraged positions and speculation on real-world assets like stocks and commodities!

Now, users can strategically leverage their LP positions to buy various assets, including Gold, stocks, or ETFs – expanding DeFi investment strategies.💪

For further details you can read our post on X here:

Cheers. 🥂

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The original was posted on /r/cryptocurrency by /u/bubbawears on 2024-01-11 13:50:22+00:00.

In recent times, Bitcoin ETFs (Exchange-Traded Funds) have become a hot topic in the world of cryptocurrency. I wanted to share a comprehensive overview of what Bitcoin ETFs are, how they work, and their implications for investors and the cryptocurrency market.

What is a Bitcoin ETF? A Bitcoin ETF is a type of exchange-traded fund that tracks the price of Bitcoin and allows investors to trade and invest in Bitcoin without actually owning the cryptocurrency. This type of investment vehicle provides an alternative for those who want exposure to Bitcoin's price movements without the complexities of managing actual cryptocurrencies.

How do Bitcoin ETFs Work?

• Structure: Bitcoin ETFs are structured to track the performance of Bitcoin, usually through derivatives like futures contracts, rather than holding the cryptocurrency directly.
• Trading: They trade on traditional stock exchanges, just like other ETFs, making them accessible to a broader range of investors who might not be familiar with cryptocurrency exchanges.
• Regulation: Bitcoin ETFs are subject to regulatory oversight, offering a level of security and legitimacy that direct cryptocurrency investments may lack.

Advantages of Bitcoin ETFs

• Accessibility: Provides easier access to Bitcoin investment for those uncomfortable with or unable to buy actual cryptocurrencies.
• Simplicity: Simplifies the investment process, as there’s no need for digital wallets or navigating crypto exchanges.
• Regulation: Offers a regulated investment option, which may be more appealing to cautious investors.

Potential Risks and Considerations

• Indirect Investment: Since you don’t own actual Bitcoin, there are certain risks like tracking errors or dependency on the fund's management.
• Costs and Fees: ETFs typically come with management fees, which can impact returns.

Impact on the Crypto Market

• Mainstream Adoption: Bitcoin ETFs can pave the way for mainstream and institutional adoption of cryptocurrencies.
• Market Volatility: They could also influence Bitcoin’s price, adding a new dynamic to the crypto market.

Conclusion Bitcoin ETFs represent a significant step in the merging of traditional finance and the crypto world. They offer an alternative route for investors to gain exposure to Bitcoin's price movements while mitigating some of the complexities and risks associated with direct cryptocurrency ownership.

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The original was posted on /r/cryptocurrency by /u/hex_peson on 2024-01-11 13:19:58+00:00.

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The original was posted on /r/cryptocurrency by /u/heybeluga on 2024-01-11 13:02:23+00:00.

All my friends kept calling me to ask if I've seen the new crypto documentary on Netflix "Bitconned". I had just watched the Bloomberg SBF documentary "RUIN" which I did not enjoy, so I was not looking forward to another bad crypto documentary. Boy was I wrong. Unlike the Bloomberg documentary which seemed to be made in a couple of weeks using AI, this was obviously very professionally done by Netflix. On purpose, I didn't even watch the trailer or learn the story, and just dove right in.

Full review here:

Btw which is your favorite Crypto documentary?

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The original was posted on /r/cryptocurrency by /u/jeeptopdown on 2024-01-11 12:39:52+00:00.

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The original was posted on /r/cryptocurrency by /u/Tbrainee on 2024-01-11 12:26:33+00:00.

It's almost the same in every crypto cycle.

Most of the older projects never reached their prior ATHs (all time high). Why is it so?

Besides that older projects very often have older tech which makes them less scalable, these projects often lost its former hype. The bag holders (people who bought the coins at a higher valuation and still holding the coins) are prone to sell their coins when the coins pump back a little causing a steady sell pressure.

New coins do not have sell pressure!!!

They gain more traction from:

I. HYPE (most important factor in crypto because the tech is new and therefore very speculative)

II. Tech

Not financial advice, but ditching older coins for newer coins when we enter a new cycle is a smart move. Ofc this does not apply to the both top 2 coin which are 'very old', but well established, especially instituions feel most comfortable investing in them as they stood the test of time.

PS: shitcoins are excluded from my post's thesis.

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The original was posted on /r/cryptocurrency by /u/LisHere321 on 2024-01-11 12:12:57+00:00.

People always throw wise words...

...when the FTX crash happend (the time when crypto actually bottomed) people told you :Don't catch falling knives!!

...when any relief pump happened at 20k, 25k, 39k, 35k, 40k, 44k and caution you to not ever go FOMO and it's better to wait for the 'real crash'

...when the news are going to happen, they say "It's goint to be a sell-the-news-event anyways, better wait."

If you listened to them, you'll:

1. can wait forever

2. missing out on so many opportunities which..

3. will eventually cause you to really FOMO when we hit 100k

Better is to listen to your heart or better is to watch what institutions (the whales) do: they accumulate crypto.

Invest now and thank yourself for doing so later.

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The original was posted on /r/cryptocurrency by /u/bIackrain on 2024-01-11 11:06:12+00:00.

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The original was posted on /r/cryptocurrency by /u/kronosbit on 2024-01-11 09:21:13+00:00.

(RESOLVED - they went to AVAX somehow - probably my mistake somewhere - thank you all)

Hi, I know that the ETF news are the latest in town but I really need help to understand. I've sent some USDC from Phantom to Metamask, all it was fine and I was pretty sure that they were sent correctly as always. I came back home and to my surprise after they arrived to Metamask, they were sent to burn