The Spot ETF has been approved! Yay!
Hey all. Looks like it's good news for us cryptonians (sounds like something out of a superman movie hah), the Bitcoin spot ETF has received the green light. Hopefully that means we'll see some crazy pumpamentals in the near future.
What does that mean for you? Well, if you can, just hold and be happy. That's it, nothing much else. Just ride the waves of awesomeness into a nice amount of riches.
Keep calm, and carry on.
But wait. I know I really should stop going on about this but you at least need to keep some caution and restraint with you. I've been looking at the chart and it looks amazing pre a halvening. This is.. kinda unprecedented.
That means smart money is coming in finally, and well, your nan will eventually probably be asking you if she should buy this bitcoin that the bank manager is suggesting that she buy, or the shop is offering her it as a payment.
But smart money is smart, and it wont be letting you get dirty rich off it. Some of us will of course, but then also some of us wont. If you think normal Bitcoin bots and trading bots on Binance were smart you probably have seen nothing yet.
Woe betide anyone that thinks the smart money flowing into this sector is just a bunch of Sam Bankman Frieds winging a good game but really has no clue what he's doing at all. No, this is going to be smart money that will not only be wanting to make itself rich, but part you from your Bitcoin or whatever worthwhile crypto you own.
So just be careful.
There WILL be a fall guy this time around and it's going to be the biggest crash we've ever seen. Remember, what goes up like a rocket also smashes down into the ground like a meteor. I doubt we will see previous lows but there will be a time where big traders will look to move with the cycle and it's not going to be pretty, that's for sure. So make sure you are prepared.
Just make sure you have a steady exit pot that you can keep on a USD level. Grow it, own it. Don't get carried away with it.
I think the mistake a lot of us made last year was that we put too much trust in the institutional investors. We thought that we were going to remain at a relatively solid price point (or at least I did) and that's where it all came crashing down.
Your nan may be asked to buy some crypto this year, and people are going to panic buy in like nothing you've ever seen before but that still won't safeguard you from the drop that's going to come. I'm sure people are going to lose a lot. I am trying to teach people to be as cautious as they can because this will probably be the most volatile we've ever seen it.
Or I could be worrying about nothing. But of course it's way better to be safe than sorry.
Stay safe folks.
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I have a friend that texted me out of the blue the other day and said that they finally bought some BTC. Nevermind that I have been saying they should for years now...
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