A good and very important question that I saw popping up in an investor e-mail was the following:
“Is there somewhere I could buy a basket of cryptos, or a mutual fund type of thing with a few quality cryptos that would not be difficult to do and that would be safe?”
Not now, but probably very soon! Several exchange-traded funds (ETFs) that will buy cryptocurrencies are now waiting for official approval.
As soon as they’re released to the public, three things will happen:
First, you’ll get an easy-to-buy fund which owns the best cryptos.
Second, billions of dollars will rush into these ETFs as they tap into pent-up demand from investors like Jackie. (The same thing happened when the first gold ETFs were launched years ago.)
And third, all this new money could drive cryptocurrency values through the roof.
So the best time to buy is precisely when it’s NOT so convenient for newcomers; before these new ETFs come to market!
Do you agree? Or would you prefer to wait until there’s a cryptocurrency ETF available? What are the important pros and cons of each approach?
What do you think?
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I think institutional trading will ruin crypto to an extent, just like it has with commodity trading. Crypto was meant to be a peer to peer means of trade, not a quasi-stock market.
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There are ruining it for us (retail investors) not for the overall players.
But I would agree that Cryptos were supposed to be P2P
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I can't wait for that bull run...
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Soon, I hope...
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probably after new year
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I would guess between Christmas and New year :)
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))) good guess....worlds biggest companies are preparing to get into crypto. Q1 2019 will be the start....there are a few regulations left to be achieved and than the bulls will be unleashed...
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Absolutely agree. Now is the best time for investing, before those etf release
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Indeed, that is why we are there isn’t it !? :D
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It is better not to wait the ETF before investing in crypto.
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Indeed, I also think so.
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Dear @vlemon your article very helpful for me. and please read my article and do your opinion about my article.
please read my article and do your opinion about my article.
ConsenSys’ Kaleido Launches Full-Stack Marketplace Platform for Enterprise Blockchains
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Hi @vlemon!
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Your UA account score is currently 4.731 which ranks you at #1465 across all Steem accounts.
Your rank has improved 3 places in the last three days (old rank 1468).
In our last Algorithmic Curation Round, consisting of 274 contributions, your post is ranked at #92.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server
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Yup! Excellent point worth stating and considering. Thanks for posting this. Yesterday I saw the article that Coinbase added BAT (Basic Attention Token) to their retail accounts, and I immediately sold 0.05 BTC for ~ 1,000 BAT. Hope to do this for EACH coin which hits Coinbase into the future. A coin added to Coinbase has the advantage of BOTH the "nod of approval" by a proper exchange, AND usually added when at a low price. I mean, $0.31 for BAT is an even better bargain than Steem right now (~ $0.80). Get ém while they're hot!
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Totally agree, 1Q, but no later than the 2Q of 2019 we will have crypto ETFs focused on Bitcoin.
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