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BTC rose 400% in the last 365 days before halving in 2012
BTC rose 140% in the last 365 days before halving in 2016.
BTC is currently at -20% with 60 days to go.
❤️Are next three months going to be explosive one?
Why? Let's see.
> Crypto ads are back! Google Unbans Crypto ADs.
> Coinbase announces new listing process for rapid expansion to different assets!
> Banks are doubling down on blockchain! 75 New Banks Join JPMorgan-led Blockchain Payments Pilot Program
> ALTS getting more exposure! Circle Trading supporting four new alts.
> The rise of Poloniex! Overtakes Bittrex in Volume.
> BAKKT announced further updates on its upcoming digital asset trading platform.
That basically means, USA is back in the game. Also, three of those big news in a single day. Coincidence? We'll leave it to you.
Alts has dropped to the hell (approx. to December 2017).
Conslusion: everything is ok and going as planned.
Here’s why a bitcoin ETF matters:
With the release of an ETF, this allows investors to add bitcoin to their retirement portfolio.
Global Pensions Market: $41.3T
If bitcoin captures just 1% of global pensions, that would create $413,000,000,000 of exposure for cryptocurrencies.
What is Bitcoin ETF?
Basically, a Bitcoin ETF is one where the underlying asset is Bitcoin. This means that when you purchase Bitcoin ETF, you’re purchasing the cryptocurrency, albeit indirectly. This is because you’re holding the Bitcoin ETF in your portfolio and this ETF tracks the real-time price of Bitcoin. Therefore, the difference is that when you invest in Bitcoin ETF, you have the luxury of trading Bitcoins without the struggles of buying and storing it.
What is Effect on BTC ?
The application of ETFs by Wallstreet firms is a clear indicator that the big money can come into the crypto markets through the additional products of ETFs. The impact of these products is expected to be astronomical in the sense that if the SEC approves the ETFs, they would have indirectly given the green-light for mainstream investing in all other cryptocurrencies. Hence the trillions in funds will eventually end up in the crypto markets.
When? 10th August or Later ?
The tentative date for the SEC’s decision is Friday, August 10 — though, a 45-day extension is possible. This means that a decision should be expected no later than September 24. (Do Investment by considering it)
Possibility of approval? 40%
One major reason for last year’s rejection was that Bitcoin markets were “unregulated.” “Based on the record before it, the Commission believes that the significant markets for bitcoin are unregulated,” it explained. But later that year, Bitcoin Futures began trading as big investment banks such as Goldman Sachs and JP Morgan started dipping their toes in cryptocurrencies.
This is the Bitcoin we know and love.
6800 resistance? What resistance?
Overbought on all timeframes? Who cares launch it another $500.
Nobody knows shit. There is no logic or reason.
Steps to freedom:
1) Increase income (hustle!) + decrease expenses until you spend less than you make
2) Use excess to pay off debt, then invest in assets that increase income
3) Reinvest, repeat
4) Use income to buy free time - quit job, hustle less, outsource tasks.
Reality Check
What’s considered good returns?
10% Equities
20% Commodities
35% Forex
200% Crypto
Crypto can deliver 200% with swing trading without any crypto ever going to Moon. If you are waiting for Moon, you may end up losing the opportunity to go to stars
It is estimated that around 4 millions of $BTC (including Satoshi's) have been lost since 2009.
19% of the total supply so far.
As time passes, these figures will keep growing.
If a global adoption is possible, do your maths and think about how many $BTC we would have to share.