Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Who is John Galt?
on 15/08/2023, 08:59:05 UTC
Yes, we should prefer to buy BTC and be boss of our own funds no just hand our money into the hands of BlackRock or any other company applying for ETFs. But at the other end a lot of people saying including me thinks that when these ETFs will get approved BTC will get hype.

If large fund ETFs are approved, it will most likely push the price of bitcoin up and there will be hype. Just because I don't like the coming of these funds doesn't mean I won't take advantage of the opportunities it could open up for me personally. Yes, I see potential risks for the development of bitcoin due to the possible manipulation of centralized corporations with their fake bitcoins and the concentration of real bitcoins in one hand through the sale of ersatz bitcoins. But personally for myself, I still think it's right to get an extra couple of satoshi more, real satoshi, in the bitcoin blockchain. When problems arise with ersatz bitcoins, perhaps people will better understand the value of real bitcoins.