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🌟💰 Dreaming of green candles and soaring portfolios? The 2024 #BullRun is on the horizon, and it's set to redefine crypto history! 📈✨ Whether you're a seasoned investor or a newbie, now's the time to do your research, diversify, and HODL strong! 💪🚀 Let's make it legendary! #hodleforlife #CryptoInvesting💰📈📊
US SEC has 8 days to approve all 12 pending spot Bitcoin exchange-traded fund applications
The US Securities and Exchange Commission (SEC) has eight days to approve all 12 pending spot Bitcoin exchange-traded fund (ETF) applications but you must be wondering what an ETF is and why its anticipated approval is surging the price of the scarce digital asset.
This is because the comment period for 9 of the 12 applications ends on November 17. The SEC has already extended the deadline for a number of the pending spot Bitcoin ETF filings, and selected November 8 as the last day of the comment period.
From November 17, the comment period for 3 filings, including Global X Bitcoin Trust, Hashdex Bitcoin ETF, and Franklin Bitcoin ETF, would recommence. This means that they wouldn’t be approved or denied until after November 23 at the earliest.
While the window for accepting all 12 filings ends on November 17, the SEC could technically make a decision on 9 of the 12 applications anytime before January 10.
Bloomberg ETF analysts James Seyffart and Eric Balchunas predict a 90% chance of an approval sometime before January 10 next year. While the approval of a spot Bitcoin ETF is in no way guaranteed, the market is optimistic about the possibility with the price of Bitcoin gaining more than 30% in the last 3 months.
#etf #BTC
The US Securities and Exchange Commission (SEC) has eight days to approve all 12 pending spot Bitcoin exchange-traded fund (ETF) applications but you must be wondering what an ETF is and why its anticipated approval is surging the price of the scarce digital asset.
This is because the comment period for 9 of the 12 applications ends on November 17. The SEC has already extended the deadline for a number of the pending spot Bitcoin ETF filings, and selected November 8 as the last day of the comment period.
From November 17, the comment period for 3 filings, including Global X Bitcoin Trust, Hashdex Bitcoin ETF, and Franklin Bitcoin ETF, would recommence. This means that they wouldn’t be approved or denied until after November 23 at the earliest.
While the window for accepting all 12 filings ends on November 17, the SEC could technically make a decision on 9 of the 12 applications anytime before January 10.
Bloomberg ETF analysts James Seyffart and Eric Balchunas predict a 90% chance of an approval sometime before January 10 next year. While the approval of a spot Bitcoin ETF is in no way guaranteed, the market is optimistic about the possibility with the price of Bitcoin gaining more than 30% in the last 3 months.
#etf #BTC
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Bitcoin was $15,588 a year ago today. You are so "lucky" you bought then. 👍
📈 Avoiding Losses in Crypto: Real Examples 🚀
Crypto trading can be turbulent, but you can navigate it with confidence. Here are some practical tips backed by real examples:
Research Thoroughly 📚
Understand the crypto you're investing in. For example, know how Ethereum (ETH) introduced smart contracts.
Diversify Your Portfolio 🌐
Don't put all your funds into one crypto. Owning a mix, including Bitcoin and Ethereum, can spread risk.
Set Stop-Loss Orders 📉
Imagine you bought Bitcoin (BTC) at $60,000 but set a stop-loss at $50,000, limiting potential loss.
Stay Informed 📰
News affects the market. Knowing about China's crypto regulation changes in 2021 could help you make informed decisions.
Hodl, Don't Panic 💎
Bitcoin's history shows holding through dips can lead to recovery and gains.
Avoid FOMO and FUD 🚫
FOMO and FUD can lead to impulsive decisions. Dogecoin's hype-induced spike is an example.
Use Dollar-Cost Averaging (DCA) 💵
Invest a fixed amount regularly, benefiting from price fluctuations.
Avoid Overtrading 🔄
Frequent trading can result in losses due to high fees and emotional decisions.
Risk Management 🔒
Only invest what you can afford to lose, ensuring financial stability.
Learn from Mistakes 💡
Mistakes are learning experiences. Selling Ethereum during a dip can teach the value of patience.
Crypto markets are volatile; no strategy guarantees profits. But applying these tips and learning from real examples can help minimize loss risk in the crypto trading world. 📈💰💡 #CryptoTrading #Bitcoin #Cryptocurrency #Hodl
$BTC $ETH #CryptoTrading #BitcoinRevival #CryptoCurrents #hodleforlife
Crypto trading can be turbulent, but you can navigate it with confidence. Here are some practical tips backed by real examples:
Research Thoroughly 📚
Understand the crypto you're investing in. For example, know how Ethereum (ETH) introduced smart contracts.
Diversify Your Portfolio 🌐
Don't put all your funds into one crypto. Owning a mix, including Bitcoin and Ethereum, can spread risk.
Set Stop-Loss Orders 📉
Imagine you bought Bitcoin (BTC) at $60,000 but set a stop-loss at $50,000, limiting potential loss.
Stay Informed 📰
News affects the market. Knowing about China's crypto regulation changes in 2021 could help you make informed decisions.
Hodl, Don't Panic 💎
Bitcoin's history shows holding through dips can lead to recovery and gains.
Avoid FOMO and FUD 🚫
FOMO and FUD can lead to impulsive decisions. Dogecoin's hype-induced spike is an example.
Use Dollar-Cost Averaging (DCA) 💵
Invest a fixed amount regularly, benefiting from price fluctuations.
Avoid Overtrading 🔄
Frequent trading can result in losses due to high fees and emotional decisions.
Risk Management 🔒
Only invest what you can afford to lose, ensuring financial stability.
Learn from Mistakes 💡
Mistakes are learning experiences. Selling Ethereum during a dip can teach the value of patience.
Crypto markets are volatile; no strategy guarantees profits. But applying these tips and learning from real examples can help minimize loss risk in the crypto trading world. 📈💰💡 #CryptoTrading #Bitcoin #Cryptocurrency #Hodl
$BTC $ETH #CryptoTrading #BitcoinRevival #CryptoCurrents #hodleforlife