Hello Guys,
Its real
@rajurathod18 here, Last week have gone very bad for me I lost my mobile in train some one took advantage of rush and stole my phone. Today I saw my Bitcointalk forum account got notification like this
Sorry rajurathod18, you are banned from posting or sending personal messages on this forum.You have been banned by a forum moderator. You may appeal here: banappeals-w6pquw43@theymos.e4ward.comUser:
rajurathod18I am sharing here information in brief about BITCOIN ETF so that newbies and beginners will know more about ETF, BITCOIN ETF and Its effect on price of Bitcoin if the Application for the smae will be approved by the SEC.
What is #ETF ?
ETF stands for exchange-traded fund and describes a kind of investment fund where the price of assets like gold, stocks and oil can be tracked. These assets can then be traded on exchanges, just like conventional stocks. What this means is that investors have the option of buying and selling their holdings in this exchange-traded funds to other investors via the stock exchange.
What is Bitcoin ETF?
Basically, a Bitcoin ETF is one where the underlying asset is Bitcoin. This means that when you purchase Bitcoin ETF, youre purchasing the cryptocurrency, albeit indirectly. This is because youre 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 is coming 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...? 10 August or Later ?
The tentative date for the SECs 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)
High Possibility ? Yes!
One major reason for last years 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.
Knowledge shared by MG
Copied from:
https://cryptocomes.com/what-is-bitcoin-etf-how-to-invest-in-btc-etfI am really feeling depressed with this whole situation I lost my mobile and now my BTT account @rajurathod18. I shared this Post in Bitcointalk forums Beginners help and guide section about Bitcoin ETF with good intention as bitcoin ETF is in the news and I thought to share this information so that beginners and newbies will get to know more about this in brief. I could have shared this content in other forum rooms too but I purposely shared in beginners help and guide so that newbies will learn little bit about Bitcoin ETF.
I admit I made mistake I didn't put the sources properly but I have mentioned knowledge shared by MG in post. I am a huge follower of Moneyguru Channel (MG) and this guy shares a lot of good and knowledgeable content and I shared one of his post in the forum. Here is the Scree shot of that post.
https://i.imgur.com/STgcM8K.pngPlagiarism was not my intention, my intention was to give brief information about Bitcoin ETF to the newbies so that they can learn like I learned. I didn't thought I will have to face this consequences for my this mistakes not to mention the sources clearly.
I here by appeal Moderators to please consider my ban evasion, I request Moderators to check my post history and on that basis to take their decision. I will accept whatever their decision will be happily.
