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Cryptocurrency is like a Video on a Monetized Youtube Channel. But Why???
Because on youtube a video will keep paying to the owner and it will increase day by day if it is a Good Video;
Similarly, Cryptocurrency nowadays getting better with each lapse of Time and amplifies the wealth of its owners.
And today there are More than 5000 Cryptocurrencies;
that's a very good sign for Traders.
Last year; 2021 is the best Year for the future of Cryptocurrency; because in this only year this Currency
came into the Limelight of most people and today there came news every single second Because this is so Industry at today's time.
Also this time; when you are Reading this Article there may Come some new wonderful news about Cryptocurrency. In this article, I will try
my best to explain Everything about Cryptocurrency.
As you know the biggest Problem with this currency is about its safety for a nation( not any particular;
it's about every)
Even some countries like China have Declared that all Cryptocurrency transactions are illegal. Also
many cases of Terrorist transactions with Cryptocurrency came to Light.
But; don't worry the solution is not to Ban this, it's just that there must have some rules and regulations
about this so that no one can use this illegally; obviously this will pour a great impact on the Transactions; because
many people use crypto transactions to save tax...... maybe to send money to their home when they are in another Country.
When there come Rules then this will Definitely affect these things.
How Will New Regulations Impact Investors?
Investors will find it easier to track tax evasion and they can transparently keep records of transactions.
Because it is much easier to record gain and less or any other activity on crypto-assets.
Also, it will affect the price of cryptocurrencies; and also it's obvious; with time it's Mandatory to have a fluctuation.
ETF Approval - An Important Factor to Consider
Bitcoin ETF made its debut on NYSE. It's the same as what happened with shares in the nineties; before it was not as
easy to purchase shares as it is now because take it as gambling
and have a fear of losing money; Because at that time this thing was online where happens a lot of paperwork and
that's why not many people were doing this, but this ETF formula
shakes the market effectively( When it came into Light). People start taking this seriously because there are low chances of losing money.
Similarly, The ETF in cryptocurrency WILL change the game; now people can purchase from any Reputated app within seconds from
their Comfort zone because it looks some type of safe to people. So obviously this will made a great effect in the upcoming time.
If you plan to invest in a Bitcoin ETF, remember the risks are as same as any other cryptocurrency.
You must be willing to take the risk. Otherwise, it is futile to invest your money.
Here are some of the BEST Bitcoin ETFs of October 2022.
ProShares Bitcoin Strategy ETF (BITO)
Valkyrie Bitcoin Strategy ETF (BTF)
VanEck Bitcoin Strategy ETF (XBTF)
AdvisorShares Managed Bitcoin Strategy ETF (CRYP)
Global X Blockchain & Bitcoin Strategy ETF (BITS)
ProShares Short Bitcoin ETF (BITI)
Methodology.
*** It's just a suggestion; plz. do your research before you invest************
What does the Future Hold?
Bitcoin is the best in the crypto market. Not only he has the highest price but also it has the highest capitalization in the market.
In November 2021, its price rose to $68000. In October, the rate was $60000 whereas in July it was $30000. There are almost double
down fluctuations sometimes but if you see it for a long time then the Graph is much more Predictable and is in an increasing version;
like most of the good shares. Note that you should not buy this for trying and testing. you must have a belief and
decide to play a good game over a long time. there are more possibilities of having Profit.
*** Also if you want to ply long then short-term fluctuations must not impact you *************
Some short suggestions from my side
- Don't invest in crypto if you are looking for results in terms of amplifying your Wealth.
- Also invest in Traditional tools apart from cryptocurrency; I mean to say that don't rely on this ...
- Never take this for a living you must have another Source.
- Don't take is as a tool to save for your retirement.
- Keep your investments small and diversify them. It will reduce the risk factor.
It is necessary to spend your money wisely and then invest in cryptocurrency.
One must assess the risk factor associated with it and make a decision.
I hope this article helps you.
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