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Showing posts with the label how to buy bitcoin
  Ain't no Raging Bull I don't think I have ever made a prediction for the end of a Crypto Bull or Bear market. But, I'm going to stick my neck out and make one now. I think the Bear Market slaughter that's been going on for the past month or so, will experience a short-term bottom, if not a long term bottom, this weekend, or shortly thereafter. I think we are seeing capitulation selling across the board now, and that Crypto very well may turn around as of June 1st. Once it turns around I wouldn't be surprised by a double bottom, but at least we will have seen there is a bottom. What am I Hodling? People always ask me, "What am I hodling these days?" The answer is: A limited amount of BTC and ETH for "stability". A lot of Stepn (GMT) and W2E because I love coins that rise in price and pay the hodler based upon actual exercise by the person hodling the coin/token. A good amount of Decentraland (MANA) and ApeCoin (APE) because I believe the ...

Why is an ETF such a big deal?

I have mentioned the Bitcoin (BTC) ETF a lot lately in regards to the price of BTC.  Why is it such a big deal?  The answer is because it would bring in so much new money into BTC that the price would likely sky-rocket.  But it wouldn't sky-rocket in a bubble fashion but rather in a very legit supply and demand fashion. First of all, what is an ETF?  "ETF" stands for "Exchange Traded Fund".  ETFs are used to take some target asset, like a stock, or a stock index, or a collection of stocks in a specific industry, and create a fund that mirrors the price of those assets.  Instead of buying the actual assets, you buy and sell the ETF. For example, to trade the S&P 500, you could either buy each of the 500 stocks that make up the S&P 500 (not feasible for most people) or you could buy and sell the "SPY" ETF.  The SPY ETF is set up so the price mirrors that of the S&P 500.  This allows institutional investors an easy way to participat...