Despite The ETF Debate, Bitcoin Prices To See A Boost In August!

in cryptocurrency •  7 years ago 

Hey Steemian,

Wishing You all a Happy Day and I wish, you guys are prettily fine and doing great on steemit. You guys know how BTC is fluctuated on its daily basis so lots of people making bucks from its.

Bitcoin starts the day in red, the prices were around 7,546 dollars, which dropped 7.26 percent in a day.

btcprice.jpg
Image Source : Taking Screenshot From Poloniex

The small droplets are seen in prices in the rest of the market as the speed increases despite increasing confidence.

coinmarketcap.jpg
Image Source : Taking Screenshot From CoinMarketCap.

Ethereum also lost a bit, falling 6.57 percent to $ 421, while the ripple fell 1.87 percent to $ 0.43395 in the day.

ether.png
Image Source : Taking Screenshot From Mr Buterin Twitter Account.

Mr Buterin tweeted on 29th July afternoon and said: "I think there's too much emphasis on BTC/ETH/whatever ETFs, and not enough emphasis on making it easier for people to buy $5 to $100 in cryptocurrency via cards at corner stores. The former is better for pumping price, but the latter is much better for actual adoption.

ETFs are an investment tool to track underlying benchmark indices such as items or bonds to replicate their performance. In the crypto-world ETF is a hot-button subject, Securities and Exchange Commission (SEC) has rejected the recent proposal by the crypto-billionaire, which connects to Winklawos.

"Pre-value is better to pump, but later it is better to take actual adoption."

I hope you will like this post. I'm completely thankful for all the Steemian! Have a Nice Day Guys!

Keep Supporting mE @rhn268
#mgsc

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This post has received a 1.04 % upvote from @drotto thanks to: @rhn268.

cryptomarkes dun

To be honest, I do not think we will see the approval from SEC this year. It may happen like last year: A reject that leads to a lower low, making people leaving the market. Then, a full recover came in.

Full recover coming in ... this is the thing on which all the traders are depending ;)

All investors are waiting for ETF approval...hope this time it will be approved and we see the ATH!

Hoping for the best and not ready for the worst :p

Yup! Same here.

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@rhn268
How much rise can we expect with the bitcoin.?
Will it be touching the $10000 mark?

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