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re: Official CryptoTalk Thread
Posted on 4/16/24 at 7:36 am to Faulk2Tyler
Posted on 4/16/24 at 7:36 am to Faulk2Tyler
quote:
The only way is if I start pulling from my savings to buy more during this dip.
I would not suggest this, unless it is Bitcoin. This could very well be a Bitcoin only cycle.
Side note, it appears Hong Kong has approved their Bitcoin ETFs. I don't know what this means in the grand scheme of things.
If this means the average person in China can buy (I don't think so) then we are going to the moon.
If this means that only people in Hong Kong can buy, it will have very little impact on price.
Does anyone know how this will actually play out?
3
Posted on 4/16/24 at 7:41 am to I Love Bama
I've gone heavy into MYRO, SPCTE, HULVIN, and my normal alts. MATIC is killing me as I had been averaging my buy-up with weekly purchases, yet this tank came at the wrong time with taxes, property taxes, school, etc. Now, I can't start averaging down until the next payday.
Posted on 4/16/24 at 8:35 am to I Love Bama
quote:
this means the average person in China can buy (I don't think so) then we are going to the moon.
Per Fortune it will not be.
LINK
quote:
A lot of people are banking on wealthy Chinese locals, but, officially, you cannot buy this ETF if you’re a mainland Chinese investor,” said Eric Balchunas, a senior ETF analyst at Bloomberg. That’s because it must be listed on something called the Stock Connect, which allows Chinese citizens to invest in certain Hong Kong ETFs, and vice vers
Posted on 4/16/24 at 9:06 am to I Love Bama
quote:
I would not suggest this, unless it is Bitcoin. This could very well be a Bitcoin only cycle.
Yeah I don't know if we'll get another parabolic altcoin run. Asset managers won't funnel BTC profits into alts like retail would.
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