Reddit Posts
Spot ETF’s are here now. BITO will outperform them.
Can we have a proper talk about the phrase "Sell The News" in regards to ETF events?
Can we have a proper talk about the phrase "Sell the news" in regards to the Bitcoin Spot ETF event?
I'm a little confused. If these are 'SPOT' ETFs, how come the price isn't @ 45k?
SPOT-on Speculation: Will Bitcoin Finally Hit the Bulls-Eye This Week?
Yesterday, Matrixport posted an article "BITCOIN SPOT ETF APPROVAL IMMINENT, BTC TO JUMP TO $50,000" but today The Block posted an article stating "SEC WILL REJECT ALL BITCOIN SPOT ETFS IN JANUARY, SAYS MATRIXPORT ANALYST"
GROKS | Presale on Pinksale at 2023.12.22 16:00 UTC | Ride the Crypto Wave with Groks, the next big thing in the decentralized finance DeFi space
why only the US bitcoin ETF's actually matter...
DegenPump VIP Signals / Black Friday offer! / Make profits up to 1500% on the next pump
De_gen_P-um-p Cry-pto P-u-m-p V-I-P Sig-nal-s / Earn da-ily up 1000% of your inv-est-me-nt
De_gen_P-um-p Cry-pto P-u-m-p V-I-P Sig-nal-s / Earn da-ily up 1000% of your inv-est-me-nt
De-gen-P-um-p Cry-pto P-u-m-p V-I-P Sig-nal-s / Earn da-ily up 1000% of your inv-est-me-nt
Cryp_to P.u.m.p Si-gna-ls / Welcome to D.E.G.E.N.P.U.M.P VIP Signals
Passive Income with no direct counterparty risk.
Crypto P-U-M-P Signals by Degen-P_u_m_p™ / Number 1 Crypto Calls in the crypto space
Crypto P-U-M-P by De-genP_u_m_p™ / Number-1-Crypto-Calls-in-the-crypto-space
Introducing the WAGMI Competition: Win Big with a 4 BNB Reward!
I educated myself about the SEC as I was pretty basic about it besides the memes.
I've discovered something concerning about Binance [SERIOUS2]
Rumors of Franklin Templeton's SPOT Bitcoin ETF Approval Boost BTC by 4% as USDT DOM Dips by 3.20%!
Best Cry-p-to PU_MP Sig-n-als in the crypto space / Earn up to 1000% on the next pu_mp
Best Cry-p-to PU_MP Sig-n-als in the crypto space / Earn up to 1000% on the next pu_mp
How much a spot bitcoin ETF can affect the price
Looking at facts, this might be the last good opportunity to buy Bitcoin and some Crypto before the game changes completely.
Why BTC is up +4% and why nothing recently matters [SERIOUS]
And so it continues... 1.5 Trillion dollar asset manager "Franklin Templeton' files for a Bitcoin SPOT ETF
Best Cry-p-to PU_MP Sig-n-als in the crypto space / Earn up to 1000% on the next pu_mp
Best Cry-p-to PU_MP Sig-n-als in the crypto space / Earn up to 1000% on the next pu_mp
Best Crypto P-U_M-P Signals in the crypto space / Earn up to 1000% on the next p-u_m-p
Best Crypto P_U_M_P Signals in the crypto space / Earn up to 1000% on the next pump
SPOT ETF'S: The basics for those wondering
What are the arguments for and against the idea that this cycle will be different from previous cycles?
Best Crypto P_U_M_P Signals in the crypto space / Earn up to 1000% on the next pump
Best Crypto P_U_M_P Signals in the crypto space / Earn up to 1000% on the next pump
Best Crypto P_U_M_P Signals in the crypto space
Number 1 Crypto Calls in the crypto space
BlackRock's SPOT ETF Application & Its Potential Impact
Here's some mindblowing BTC data that might drive the price the next days [Serious]
How are people earning $5K and $10K monthly trading spots
Cr_y_p_to P_U_M_P S_i_g_n_a_l_s by DegenP_u_m_p™ Number 1 C_r_y_p_t_o C_a_l_l_s in the crypto space /
Number 1 Cr-y-p-to Ca-l-ls in the crypto space / Cr-y-p-to PU-MP Si-g-n-a-ls by DegenP-u-m-p™
Number 1 Cr-y-p-to Ca-l-ls in the crypto space / Cr-y-p-to PU-MP Si-g-n-a-ls by DegenP-u-m-p™
C-r-y-p-t-o P-U-M-P S-i-g-n-a-l-s by DegenP-u-m-p™ / Number 1 C-r-y-p-t-o C-a-l-l-s in the crypto space
So you're a hopeless degen trying to snag the next BALD/PEPE/SHIB....
C-r-y-p-t-o P-U-M-P S-i-g-n-a-l-s by DegenP-u-m-p™ / Number 1 C-r-y-p-t-o C-a-l-l-s in the crypto space
C-r-y-p-t-o P-U-M-P S-i-g-n-a-l-s by DegenP-u-m-p™ / Number 1 C-r-y-p-t-o C-a-l-l-s in the crypto space
Europe's first SPOT BTC ETF is live for institutional, professional, and sophisticated investors
Europe's first SPOT BTC ETF is live for institutional, professional, and sophisticated investors
C-r-y-p-t-o P-U-M-P S-i-g-n-a-l-s by DegenP-u-m-p™ / Number 1 C-r-y-p-t-o C-a-l-l-s in the crypto space
C-r-y-p-t-o P-U-M-P S-i-g-n-a-l-s by DegenP-u-m-p™ / Number 1 C-r-y-p-t-o C-a-l-l-s in the crypto space
Crypto P_U_M_P Signals by DegenP_u_m_p™ / Number 1 Crypto Calls in the crypto space
Crypto Pump Signals by DegenPump™ / Number 1 Crypto Calls in the crypto space
Earn daily up 1000% of your investment with DegenPump™ Crypto Signals
Earn daily up 1000% of your investment with DegenPump™ Crypto Signals
Crypto Pump Signals by DegenPump™ / Make profits up to 100x on the next pumps / 100% Legit
DegenPump™ Crypto Pump VIP Signals / Earn daily up 1000% of your investment
Couldn't even Imagine DegenPump™ Crypto Signals can be So Profitable! Look at My Results!
DegenPump™ VIP Signals, Make profits up to 1500% on the next pump
DegenPump™ The No.1 Crypto Pump Telegram Channel. Earn daily up 1000% of your investment. Contact for VIP Premium now!
DegenPump™ VIP Signals, Make profits up to 1500% on the next pump
DegenPump™ VIP Signals, Make profits up to 1500% on the next pump
DegenPump™ Crypto Pump VIP Signals / Earn daily up 1000% of your investment
DegenPump™ The No.1 Crypto Pump Telegram Channel.
I suggest taking a look at my DegenPump project. Signals only from trusted sources. I share the result of 155.8% PROFIT RESULTS and evidence, and also offer to become part of my team. Check this.
DegenPump™ Crypto Pump VIP Signals / No other channel can give you so much profit within 24 hours
DegenPump™ Crypto Pump VIP Signals / Earn daily up 1000% of your investment
DegenPump™ Crypto Pump Signals Make profits up to 100x on the next pump!
Welcome to Degenpump VIP Crypto Signals / Lifetime Premium Membership.50% Discounted VIP Membership Price. Only this week!
Welcome to Degenpump VIP Crypto Signals / Lifetime Premium Membership. 50% Discounted VIP Membership Price. Only this week! Free Test
DegenPump™ Crypto Pump Signals Make profits up to 100x on the next pump!
DegenPump™ Crypto Pump Signals Make profits up to 100x on the next pump!
DegenPump™ Crypto Pump Signals / Telegram Crypto Calls
DegenPump™ Crypto Pump Signals / Telegram Crypto Calls
DegenPump™ Crypto Telegram Signals / Crypto Calls
DegenPump™ Crypto Pump Signals Make profits up to 100x on the next pump! We Are The Best !
DegenPump™ Crypto Pump Signals Make profits up to 100x on the next pump!
DegenPump™ Crypto Pump Signals Make profits up to 100x on the next pump!
Gate.io, Prima Facie, seems to have stolen my 140-odd USD from My Spot Account | Why? | What Do I Do?
May sound trivial but Spot Bitcoin ETF is the biggest key to next bull market.
IMF Releases a CBDC to Compete With Bitcoin - Recommends at Beginning of Whitepaper Bitcoin Not Be Allowed Legal Tender Status
Welcome to DegenPump™ VIP Crypto Signals / VIP Lifetime Premium Membership / Crypto Calls by Degenpump™
Crypto Calls by Degenpump / Welcome to DegenPump VIP Crypto Signals / Lifetime Premium Membership
Binance will open SPOT trading in roughly 60 minutes, CZ confirmed
Binance announces Ripple staking program. Yikes!
Bad Santa Token🎅🏼Santa is writing his presale whitelist now! 📝Join Bad Santa LIVE on video call every day this December! 🎄25 days straight of Advent Calendar giveaways. 💵 $25k Christmas Day giveaway! 🍻 Join telegram to get on presale whitelist! Oh and there’s 7% busd rewards!
⚫BNBGlobal | Whitelist Event is LIVE | Locked liquidity | Doxxed Team & KYC | CG & CMC Fasttrack | Massive Marketing🟡
⚫BNBGlobal | Whitelist Event is LIVE | Locked liquidity | Doxxed Team & KYC | CG & CMC Fasttrack | Massive Marketing🟡
🏆 $ARC Arcade || PreSale on 27th November || Audited || Apply for Whitelist Now! || Play the game and win a chance for whitelist !!
Mentions
tldr; The SPOT protocol introduces a new approach to creating stable assets by splitting a medium volatility asset (AMPL) into a high-volatility derivative (stAMPL) and a low-volatility derivative (SPOT). This system avoids traditional catastrophic failure modes of stablecoins by ensuring all risks are visible and quantifiable. SPOT, designed as a perpetual derivative with bounded volatility, offers a stable yet flexible financial instrument that can serve as digital cash or a refuge from inflation, depending on its volatility relative to the CPI-adjusted dollar. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Not sure the source nor that the numbers are 100% correct.... BUT YOUR POINT IS SPOT ON.
This is why SPOT BTC ETF’s are so imperative. Coming from someone who was hacked for 1 whole coin in 2019 I’ll never get that back…
If broker buys SPOT ETF then he actually holds the “asset” to my understanding.
HONG KONG CLEARS BITCOIN SPOT ETF APPLICATION The Hong Kong Securities and Futures Commission approved on Monday applications from leading financial institutions, including, China Asset Management, Bosera Capital, and HashKey Capital Limited, for the launch of Bitcoin spot ETFs. https://twitter.com/deitaone/status/1779761717804745060?s=46&t=ihVglVXC0BQSbw6j57EoaA
tldr; Ampleforth (AMPL), a rebasing cryptocurrency, has seen a surge of over 1,200% in value in the past seven months, reaching a market cap of $304m from $22m. This growth is attributed to the introduction of SPOT, an experimental flatcoin built on AMPL, aiming to become a stable, inflation-resistant, and supply-stable currency without real-world collateral. Despite its significant performance, AMPL remains relatively unknown, partly due to confusion around its rebasing mechanism, which adjusts token supply in wallets to maintain a stable purchasing power, rather than acting as a traditional store of value. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; The Fragments development team proposes the rollout of Spot v2, an upgrade to the SPOT protocol, which is a decentralized flatcoin offering long-term stability through tranching rather than liquidation markets. Spot v2 introduces features to facilitate SPOT <> AMPL arbitrage and balance demand for stability and volatility with a Dynamic Rotation Fee. The upgrade aims to scale SPOT effectively and will be implemented as an inplace upgrade, requiring no action from current SPOT holders and stAMPL stakers unless they choose to opt out. The proposal awaits community support through consensus and a signal vote. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; The article discusses the strategy for scaling the SPOT protocol by the Ampleforth team. They aim to increase SPOT's circulating supply and market cap responsibly, emphasizing the importance of elasticity, liquidity, and counter-cyclical trading for the protocol's success. Key steps include the release of Rotation Vault v2, activation of third-party mint redeem arbitrage infrastructure, and the creation of a SPOT/USDC high yield pool. These measures are designed to prepare SPOT for growth by enabling organic scalability and attracting more utility and capital. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; The article discusses the concept of counter cyclical demand in the cryptocurrency market, particularly through the lens of SPOT v2 and AMPL. It explores how a stable asset, collateralized by cryptocurrencies, could change market behavior by growing in times of fear, thus decoupling from the rest of the market. The release of SPOT’s v2 rotation vault, which allows for direct swaps between AMPL and SPOT, is highlighted as a significant development. This upgrade facilitates arbitrage between the two assets, enabling SPOT to trade like AMPL but without supply volatility. The author suggests that this mechanism could lead to counter cyclical demand for AMPL, potentially altering the dynamics of the entire cryptocurrency asset class. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Wouldn't you rather look at spot than derivative/futures trading? [https://www.coinglass.com/merge/BTC-USD-SPOT](https://www.coinglass.com/merge/BTC-USD-SPOT)
Except a SPOT ETF is actually here and approved this time …
The last cycle didnt have institutional money, it had crypto guys in VC funds with access to insane leverage + the economic conditions could have actually had a negative effect. Now we actually have relentless SPOT not leverage bids so far from many institutions and companies.
What I have yet to see on any of these 401k/IRA posts/comments is SPOT buying BTC inside these vehicles as opposed to the BTC ETF. Still grows in a tax advantaged vehicle AND you actually own the coin. Is there some reason why people don’t go this route?
Might have to switch to SPOT 😙
Yeah, they also may be moving to a lower fee structure.or just taking profits from Grayscale. After Grayscale's conversion to a SPOT ETF there was bound to be a sell off, previously it had a fairly huge premium (read penalty) to buy then again to sell. Regardless of why we should be looking at the total sums of all the ETFs not just 'the new ones" like the OP has done. Long term WAGMI though..
If you sell SPOT for this price, you dont know the XMR value. Don't let game derivatives price to take your wealth.
The taxable event exists same as before so there was a PENT UP sell demand due to taxes... pent up demand being released is caused be A CHANGE. Being a taxable event is not the penalty I'm talking about about. Pre conversion to a SPOT ETF, there was a literal (on average) 10% loss when selling your GBTC share. Before any taxation. This is the pent up demand. People who wanted to sell but didn't want that hit to their profits ON TOP of any taxes. Once it converted to a SPOT ETF the premium vanished and that sell demand manifested.. https://ycharts.com/companies/GBTC/discount_or_premium_to_nav I'm surprised at the number of people here who 1) don't know about this premium 2) the implications when it was removed.
"yOu Do ReAlIse CDC AcTualLy HaS thEir shIt iN ORder WIth Rgulation" XDDDD Crypto.com is so blatant about shaving customer funds that you can literally bait it with 100% replication success. The only reason you are so oblivious about this is because you have no money... and yeah, binance is A LITTLE BIT better than western scamchanges. Pls go fill in all the KYC documents on crypto.com and then add 20k to ur balance, trade some, withdraw some, add some activity to ur account and watch how after a month or 2 you get random locks on ur funds for "suspicious activity" or how you can't withdraw because "you didn't provide the right KYC docs" or do a leverage trade and watch how suddenly the "flash close" button is disabled and you can't quit a losing trade even though you never touched the settings. These exchanges also work in tandem with shitcoin creators and plan out the listing in a way so they can dump your coins after the listing hype is over. The list of ways how you can get scammed by a CEX is so big that it's impossible to regulate it properly. The only way to have a legit exchange is if the owners goals aren't morally corrupt because regulation sure as fuck wont help the customer, it'll only help the exchange make the shaves and scams less obvious. There is simply no way you can offer 100x leverage to the whole world and offer investments to scam shitcoins and call it a legit exchange that is regulated properly. In the Netherlands there is an exchange called Bitvavo and as a normal customer, you can't buy leverage, no etfs no nothing you can only buy SPOT and only like 50 coins max, THAT is properly regulated. There is a very very very good reason why these CEX' have 0-2 stars out of 5 on Trustpilot. The few good reviews come from people with 100-1000 eur accounts that are not worth to shave from. A good chunk of the bad reviews come from people who lost tens of thousands because crypto.com scammed them in one way or another. The rest of the bad reviews are fake lawyer/accountant scammers that try to prey on the people that lost money to the exchange.
It is called SPOT Etf, 0 nothing 0 0 0 0 0 , btc is bought on the spot
BTC spot ETF flows are still positive which means despite GBTC selling, its all going right back into other SPOT ETF's plus more. So no, GBTC losing assets has nothing to do with the BTC price going down as spot BTC ETF buying is still net positive.
> You can track IBIT information with the following link: https://www.ishares.com/us/products/333011/ So just as I suspected, 1 SPOT EFT doesn't = 1 BTC which I previously called out that 1 ETF wont = 1 BTC yet this sub was bent over backwards that it was 1 to 1... So what exactly is the ratio of ETF's to 1 BTC? 1 ETF price ea based on that link currently shows $26.59
>I think the biggest key is the assumption that BlackRock had $2Billion and they would have DCA'd into buying Bitcoins and that would drive the price up. i read that they already owned $10M in BTC. > >Keep in mind that if Blackrock is not actually buying BTC, their ETF's are just derivates then and has no BTC to back it up - despite them saying that it's a SPOT ETF (if you own the ETF< you actually own BTC) "Keep in mind that if Blackrock is not actually buying BTC" The same is relevant for other ETF such as ETF on gold or how?
I think the biggest key is the assumption that BlackRock had $2Billion and they would have DCA'd into buying Bitcoins and that would drive the price up. i read that they already owned $10M in BTC. Keep in mind that if Blackrock is not actually buying BTC, their ETF's are just derivates then and has no BTC to back it up - despite them saying that it's a SPOT ETF (if you own the ETF< you actually own BTC)
> You can track IBIT information with the following link: https://www.ishares.com/us/products/333011/ So just as I suspected, 1 SPOT EFT doesn't = 1 BTC. So what exactly is the ratio of ETF's to 1 BTC? 1 ETF price ea based on that link currently shows $26.59
SPOT ETF differs in that the fund managers need to take custody of 1btc per 1btc of etf but you’re right you don’t actually own it. idk about whales being created. there are already whales who control the market now. will this add another dimension where manipulation is possible? who knows. i think it’ll be a net positive on price action and legitimizing btc to legacy money systems and persons who might want to dip their toe into btc investing in an easy and familiar way.
🚨SPOT BITCOIN ETF UPDATE: The SEC just issued additional comments on pending applicant's S-1s. This is a delay signal.🚫 Someone is spreading this around on x/twitter https://twitter.com/PerianneDC/status/1744517013173686643?t=bawisxMit5VYe4oPI0zcng&s=19
The SPOT ETFs will not be the first ETFs authorised by the SEC. On 15.10.2021 ProShares' Futures ETF was approved. The rumour has caused the price to rise by 100 % to date, after the announcement the price rose by a further 12 % to its all-time high on 10 November 2021, only to fall by 77 % over a period of one year. So in the case of the SEC approval of a Bitcoin ETF, it was already a sell-the-news event!
population doesnt matter for a SPOT price
Yesterday, Matrixport posted an article "BITCOIN SPOT ETF APPROVAL IMMINENT, BTC TO JUMP TO $50,000" but today The Block posted an article stating "SEC WILL REJECT ALL BITCOIN SPOT ETFS IN JANUARY, SAYS MATRIXPORT ANALYST" https://theblock.co/post/270125/sec-will-reject-all-bitcoin-spot-etfs-in-january-says-matrixport-analyst https://matrixport.com/institutions/research/daily-insights/811
To the OP the real reason why for the dump. NEW: YESTERDAY, @realMatrixport POSTED AN ARTICLE TITLED "BITCOIN SPOT ETF APPROVAL IMMINENT, BTC TO JUMP TO $50,000" - TODAY, @TheBlock__ PUBLISHED AN HEADLINE STATING "SEC WILL REJECT ALL BITCOIN SPOT ETFS IN JANUARY, SAYS @realMatrixport ANALYST https://x.com/degeneratenews/status/1742531520407990445?s=46&t=yKsLLxQVrw7jMJ33sN1UrQ
Show me in the Blackrock Bitcoin SPOT ETF filing it states 1 ETF ratio is locked to 1 BTC Spot?
Most are expecting a sell-the-news event if a SPOT BTC ETF is approved. Price might just do the opposite instead.
He'll no keep holding we won't the Big Boys to pay big time for a SPOT ETF BTC
You're very confused. A delay is not a denial. Denials have been happening for SPOT applications since 2013. This is the first time ever that the SEC has met with applicants and had them adjust the verbiage in their application. No other reason for them to do that unless they were planning on approving.
I swear to God I haven't done anything wrong. I'm not from any restricted regions. I've trade for 2k usd over 5k volume on SPOT. I have validated ADVANCED KYC.
The ETF allow you to buy bitoin but packaged in a ETF, based on the blackrock filing you can exchange your SPOT ETF for actual bitcoin. SO yes it tracks the price by holding/owning bitcoin ​ The reason we believe it will affect the price is because it will allow whales(pension funds, soverign wealth funds, hedge funds, family offices) that only operate on traditional financial rails (stock market) to buy Bitcoin , where as right now that is difficult.
> Yes but that investor base is buying ETF shares, not the underlying asset. The ETF manager will buy the underlying asset. That’s what a SPOT etf is.
Any crypto that is POS doesn't make it a security. Unless you're talking about CEX coins staked etc then yes, as the CEX is securitng that 1 crypto for another staked. When you unstake you claim the secured crypto back. Regarding your other point about SEC suing Vitalik or Lubin, again.. why? I'm not sure what crystal ball you've got there :D Like this article stating ETH at 28K which I don't agree with but 7k ETH next year is plausible even without a SPOT ETH.
That's how they are setup now because SPOT ETFs are currently not approved. Every current BTC ETF is futures based - somehow the SEC thought trading **futures** is safer for investors, even if those futures are based on shady exchanges or generally futures are used to **only** speculate on price. We live in a weirdly regulated environment.
7k quite plausible next year, let alone a SPOT ETH approval.
JPMorgan jealous it hasn't offered a SPOT BTC ETF. This article is FUD, which makes me bullish.
I think you misunderstand the difference between a SPOT etf and a futures ETF. Spot will increase the price
Depends, if they are SPOT ETFs or not. No price change on existing SPOT BTC ETFs. The point of the SPOT BTC ETFs are to basically follow the price of Bitcoin.
The current value of bitcoin is just a little more than half of what is was in its peak of 2021. I have no doubt it will reach it's previous highs and pass those as it follows the economy. Once Blackrock's SPOT ETF gets approved (not 100% guaranteed yet) im sure btc's price will benefit even more from the institutional's exposure and crowd excitement. But regardless, btc has not followed your theory of people turning to it during times of debt, inflation, or fears of recession. Many investments have skyrocketed in the last year or so. The false bull charge of the market sent many investments flying; BTC was not unique in this value. In fact, many mid-to-large caps stocks out-performed BTC.
not really. I'm still profiting, just more slowly and I do SPOT instead of FUTURES more now.
Wait until the SEC issues a statement officially approving the SPOT BTC ETFs. What we’re seeing now is just the anticipation of these getting approved. The actual approval will see us break 40k easily imo maybe even get close to 50k.
BREAKING : SEC APPROVES ISHARES MOONS SPOT ETF ... REPORTEDLY ​ ​ in the near future..
Given how the day went, it's safe to assume approval of BTC SPOT ETF will be beginning of the bull run for sure
There is good and real news on the BTC ETF front. The SEC does not plan to appeal their loss to Grayscale.Grayscale argued and won that safeguard measures in place for BTC makes the difference between SPOT and FUTURES non-existant. https://money.usnews.com/investing/news/articles/2023-10-13/us-sec-does-not-plan-to-appeal-court-decision-on-grayscale-bitcoin-etf-source
They faked SPOT BTC ETF news
From a screencap of the original tweet, it said (in all caps): BREAKING: SEC APPROVES ISHARES BITCOIN SPOT ETF And then shortly later, they edited it to append "REPORTEDLY" at the end of it. And now, the tweet is apparently just deleted altogether. Someone somewhere is clearing out their desk.
REPORTS BLACKROCK SPOT ETF IS APPROVED FALSE. Source from one biggest CT news: https://x.com/zoomerfied/status/1713913246619426858?s=20
"Coin Telegraph reports that the SEC has approved the iShares spot bitcoin ETF." ​ the post on X : "🚨 BREAKING: SEC APPROVES ISHARES BITCOIN SPOT ETF." ​ Hope it confirms.
SEC APPROVES ISHARES BITCOIN SPOT ETF About fucking time! Let's fucking go guys
You're referring to the conversation of Grayscale SPOT ETF? Because Blackrock and Grayscale are separate issues with separate legal modalities and dealings..
It's not a future right? It's a SPOT ETF, doesn't that mean exactly that, they have to back it with actual BTC?
> The problem is, I don't know myself what to think about this. Why is Binance doing this ? What's the point? Why are they artificially increasing volatility ? They make profit of the fees therefore they might've done it to keep BTC interesting / volatile while profiting of a share from market maker profit but that feels so wrong considering all the regulatory pressure especially when it comes to delays in the BTC SPOT ETF's by the SEC that clearly signaled that the price "might be too manipulated for the normal consumer". They allow and participate in wash trading on their platform (says the CFTC and SEC in their lawsuits against Binance). If everyone thinks Binance does the most volume, even if the volume is mostly fake, then they bring their money to Binance to trade. With respect to "why FDUSD?" my completely unsubstantiated theory is that they probably have some arrangement with First Digital where Binance gets kickbacks that they don't have with Tether.
"The problem is, I don't know myself what to think about this. Why is Binance doing this ? What's the point? Why are they artificially increasing volatility ? They make profit of the fees therefore they might've done it to keep BTC interesting / volatile while profiting of a share from market maker profit but that feels so wrong considering all the regulatory pressure especially when it comes to delays in the BTC SPOT ETF's by the SEC that clearly signaled that the price "might be too manipulated for the normal consumer" ​ I think all exchanges are guilty of artificially increasing volatily. It's what they do to attract investors. Which is disgusting.
Where's the reference material regarding these mining companies? I'm wholly lost on this matter because some of your "stated as fact" items were literally in the first iteration of BR SPOT ETF proposal to the SEC. I still have a copy of that. I can appreciate your concern, but it's not making sense because you melded a few concepts together..
I mean...everything is moving down...the sentiment could not be further down actually haha 2 wars now...people are afraid of another rate hike from the SEC, SPOT BTC ETF did not come...what did you expect for Moons? It's actually holding up nicely if you ask me...Bricks just jumped + 23% lol
I think after the halving which will coincide with the BTC SPOT approvals we will have a Bull for the ages.April-May 2024. IMHO
>Say I bought Bitcoin with no intention in trading So you had no intention of trading, but the price tricked you into selling? I'm not sure I understood exactly what you are asking, but here's the difference: Bitcoin can be transferred out of the exchange, but your LONG position cannot be transferred out. While you hold a LONG BTC perp open on some exchange, you are experiencing what is called a counter party risk. There are many risks trading/owning/holding cryptos, but this one has been the downfall of more holders than probably any other risk: the risk that an exchange is crooked and/or incompetent and/or unprofitable and goes bust. When you trade spot BTC, and you catch wind that the exchange is insolvent, if you are lucky you can withdraw that BTC from the exchange. Perhaps you've been practicing good opsec with your exchange positions and you've been withdrawing your BTC as you go. Maybe your exchange even provides a mechanism for converting PERP into SPOT (we called it the REPO market, I'm not sure what exchanges offer this, I know one, but I'm not here to promote an exchange, I'm here to answer your question, I hope...) When you trade perp BTC, and you catch wind that the exchange is insolvent, you need to close your positions in order to get your money out. That means you need enough liquidity to close your position, which means since you are in a hurry because the perceived risk is bigger than you signed up for, and since everyone else on the exchange probably got the same news as you did at the same time, what you get is called a liquidity crunch. The exchange's PERP price depegs from its SPOT price, and you can no longer get your money out until confidence in the exchange is restored. You might pick up some BTC PERP at a discount when this happens if you have the liquidity to do it, and when the crisis of confidence is over, you win. Or it might turn out the exchange is really insolvent, and you are wearing a bigger banana on your head than all the spot traders who were able to simply withdraw their BTC and ride out the crisis "hodling." The next thing you know, nobody can withdraw, and you're boned. Withdrawing your coin should be an economically neutral activity. Or it doesn't have to be. They are different. Bitcoin is bitcoin, but bitcoin futures are a contract with another party, facilitated by an ostensibly neutral arbitrator (the exchange). When you hold bitcoin, you lose value when the price goes down. When you hold perps, you can lose your money when the counterparty defaults (and your only guarantee is the collateral their position is backed by.) The difference is, when there is a bank run, perp traders are shitting themselves but spot holders are cool as a cucumber. We're all losing money but some of us are really using the cryptos how they are designed. They are not designed to be kept on an exchange and trust the bank to do the right thing, that's the opposite of what they are designed for. That's not to say there is no good reason to use an ETF or perp fund, you can insure against risk and isolate risks from each other, there are really good applications for perpetual trading IMO, but they are a derivative and it will typically not perform better than the asset it was derived against.
Nothing can “replace” BTC. It took how many years to get a SPOT BTC ETF approved ?
Only possible if "SPOT" ETF is approved
They aren’t attractive to the crypto aware because we already know how to buy into the market (and leverage if we wish to) They aren’t attractive to the crypto cautious because they are “futures” and cautious people don’t get involved with futures. What’s needed is something for the people that want to be invested in crypto directly but through a name they recognize. Like…I don’t know….maybe A SPOT ETF!!!
$SPOT A doggy memecoin for all the good boys out there 🐶
Only SPOT based ETF would move the price significantly.
Now we need SPOT based ETH ETF in US.
those ETFs are so weird... Only reason why Futures-ETFs are allowed is because the CFTC allowed Crypto Futures to be traded using SPOT-Trades, so the SEC considers them established, but since the CFTC does not regulate spot-ETFs and the SEC has not allowed any to be created yet, they can't be made? So basically, Futures-ETFs are OK because the CFTC already deemed crypto ok, but Spot-ETFs are not ok, because the SEC has not deemed crypto ok yet... regulatory clusterfrick...
Correct me if I am wrong but there are 12x Bitcoin and 4x Ethereum SPOT US based ETF applications?
So in a span of 1 week we have 4 applications for a SPOT Ether ETF right now, wonder how many more are following. BlackRock Ethereum ETF maybe?
SPOT ETFs ALREADY EXIST! And have done so for more than a year. Yes it is not the US but let’s not get carried away here… They exist and have not shown to be revolutionary even in very crypto heavy markets such as Europe.
Is this "Bitcoin SPOT ETF" in the room with us?
*Franklin Templeton files for a Bitcoin SPOT ETF* SEC: oh god no, not again
Any latest news on SPOT ETF please?
Bitcoin SPOT ETF outside USA is not Bitcoin either. It's a fiat substitute that is going to make everybody rich, just as soon as number go up and we sell for... Wait! It's not Bitcoin?
I mean Bitcoin SPOT ETF outside USA.
Ether SPOT filings doesn't get as much light compared to BTC filings, is it mostly because of the difference in price of the two?
Speaking of trustless banking there is stillno real adoption of any decentralized stablecoin. Spot/ampl address this. SPOT is a flatcoin like token... It tracks USD price but matches inflation. It's stablecoin like system which works on tranching instead of liquidations, a much safer setup.
It’s like hitting the G- SPOT not everyone make it to that
😓🤗🤔🤭🤫🤥😶😥 🦅 SEC DELAYS BLACKROCK SPOT BTC ETF DECISION https://twitter.com/News_Of_Alpha/status/1697346769850450371 Re: Nothing really breaking news given the already announced delay of some of its competitors' applications, but certainly the most symbolic and important one for the industry 👍 Fidelity's and Vaneck's were also postponed
😓🤗🤔🤭🤫🤥😶😥 🦅 SEC DELAYS WISDOMTREE SPOT BTC ETF DECISION "The Commission finds it appropriate to designate a longer period within which to take action"
BTC ETF exists on Canadian markets. I think it’s fidelity that manages it and it’s SPOT not swaps or derivatives If I’m not mistaken. Can’t wait for that to happen in the states as well!
It feels like a overreaction. It was a win in regards to that "SEC improperly rejected the Bitcoin spot ETF" - this does not make a BTC SPOT ETF directly approved.
US FEDERAL APPEALS COURT RULES US SECURITIES AND EXCHANGE COMMISSION WAS WRONG TO REJECT APPLICATION FROM GRAYSCALE FOR SPOT BITCOIN ETF Another loss for the SEC
#Binance Coin Pro-Arguments Below is a Binance Coin pro-argument written by dexe678. > My pro arguments for BNB are that, first of all, it's a must-have in your portfolio if you're using Binance: > > \- BNB vault : where you can stake your BNB for a small APY (0.35% currently), but once a new launchpool starts, you'll start accumulating new token available there. The APY is, since I joined Binance, pretty nice, I would say around 5-10%. With the launchpool, you'll receive those new tokens, and as every crypto, they can boom or get doomed :) . > > \- Launchpad : basically, let you buy new token before they get listed on Binance at a discount price. Last one was Stepn (GMT token), where you could buy the token for around $0.01. When GMT token was listed, price was around 0.15 so if you sold at that time, you already did a 1500% profit. Now sitting at 0.72, +7200%. You need to hold a high amount of BNB to benefit the more of this program, as only a portion of your BNB can be used to purchase those tokens in the launchpad program. So the more BNB you hold, the more return you'll make with this. > > \-Binance Card : Binance offers a Visa card, with cashback up to 8% on every purchase you make with the card. Once again, the more BNB you hold, the more cashback you can get, eg. if you hold 1 BNB, you'll be eligible for 2% cashback, 10 BNB offers 3%. To get 8%, you'll have to hold 600 BNB. The cashback you'll get will be paid in BNB, which you can hold to try to get an higher level of cashback, and have more to participate to the next launchpad/launchpool, or just swap/convert it to your preferred crypto. > > Binance pay : it lets you pay for good and services with your BNB, eg. pay for an hotel or even send money to a friend. > > \-Fees: if you have some BNB in your SPOT account, you can pay for every fees when you make an order with BNB, and save 25% on fees. > > \-dust convert : it let you convert any dust amount of crypto you might have after trading or withdrawing to your preferred wallet to BNB. Fees apply obviously, but at least you can do something with those 2 cents of xxx tokens instead of leaving them on your spot account. Since you pay your trading fees with BNB, those few cents cumulated can maybe be used to pay for the fees of your next order. > > > Now those are pretty cool, but what if you're not using Binance? > > Well, since its launch in 2017, BNB has been on the rise. In about 5 years, it is around 1,000,000% up. The real rise happened last year during the bull market, when on January 1st 2021, its price was sitting around $38 and went up to $686.31 in 2021 may (info from coingecko). Now we know how the market was last year, with a pretty good start of the year, a fall in may-august, then an uptrend until November, and a fall again. Even with all those events, BNB had performed very well, and managed to climb to the 3rd spot of cryptocurrencies by market cap (stable coin excluded). It has been pretty stable and is holding his seat pretty well since then unlike some other top 10 crypto. > > Last be not least, BNB can be used on DEX, Pancake swap being the preferred option there, where you can use your BNB and swap them for any token available there. Swap fees, transfer fees will be paid in BNB as BNB is the native token of the BNB chain. Fees are pretty low though. BNB is supported on a variety of wallet like Ledger, Trezor, Metamask or Trust wallet. With the last one, you have also the possibility to stake your BNB directly from the wallet. > > Thank you for coming to my Ted talk about BNB. Now, I'm gonna copy and send this to Binance and expect them to reward me generously :) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_binance_coin) to find submissions for other topics.
#Binance Coin Pro-Arguments Below is a Binance Coin pro-argument written by dexe678. > My pro arguments for BNB are that, first of all, it's a must-have in your portfolio if you're using Binance: > > \- BNB vault : where you can stake your BNB for a small APY (0.35% currently), but once a new launchpool starts, you'll start accumulating new token available there. The APY is, since I joined Binance, pretty nice, I would say around 5-10%. With the launchpool, you'll receive those new tokens, and as every crypto, they can boom or get doomed :) . > > \- Launchpad : basically, let you buy new token before they get listed on Binance at a discount price. Last one was Stepn (GMT token), where you could buy the token for around $0.01. When GMT token was listed, price was around 0.15 so if you sold at that time, you already did a 1500% profit. Now sitting at 0.72, +7200%. You need to hold a high amount of BNB to benefit the more of this program, as only a portion of your BNB can be used to purchase those tokens in the launchpad program. So the more BNB you hold, the more return you'll make with this. > > \-Binance Card : Binance offers a Visa card, with cashback up to 8% on every purchase you make with the card. Once again, the more BNB you hold, the more cashback you can get, eg. if you hold 1 BNB, you'll be eligible for 2% cashback, 10 BNB offers 3%. To get 8%, you'll have to hold 600 BNB. The cashback you'll get will be paid in BNB, which you can hold to try to get an higher level of cashback, and have more to participate to the next launchpad/launchpool, or just swap/convert it to your preferred crypto. > > Binance pay : it lets you pay for good and services with your BNB, eg. pay for an hotel or even send money to a friend. > > \-Fees: if you have some BNB in your SPOT account, you can pay for every fees when you make an order with BNB, and save 25% on fees. > > \-dust convert : it let you convert any dust amount of crypto you might have after trading or withdrawing to your preferred wallet to BNB. Fees apply obviously, but at least you can do something with those 2 cents of xxx tokens instead of leaving them on your spot account. Since you pay your trading fees with BNB, those few cents cumulated can maybe be used to pay for the fees of your next order. > > > Now those are pretty cool, but what if you're not using Binance? > > Well, since its launch in 2017, BNB has been on the rise. In about 5 years, it is around 1,000,000% up. The real rise happened last year during the bull market, when on January 1st 2021, its price was sitting around $38 and went up to $686.31 in 2021 may (info from coingecko). Now we know how the market was last year, with a pretty good start of the year, a fall in may-august, then an uptrend until November, and a fall again. Even with all those events, BNB had performed very well, and managed to climb to the 3rd spot of cryptocurrencies by market cap (stable coin excluded). It has been pretty stable and is holding his seat pretty well since then unlike some other top 10 crypto. > > Last be not least, BNB can be used on DEX, Pancake swap being the preferred option there, where you can use your BNB and swap them for any token available there. Swap fees, transfer fees will be paid in BNB as BNB is the native token of the BNB chain. Fees are pretty low though. BNB is supported on a variety of wallet like Ledger, Trezor, Metamask or Trust wallet. With the last one, you have also the possibility to stake your BNB directly from the wallet. > > Thank you for coming to my Ted talk about BNB. Now, I'm gonna copy and send this to Binance and expect them to reward me generously :) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_binance_coin) to find submissions for other topics.
Well Publish0x will introduce the Optimisim blockchain soon. I have $50 worth of SPOT waiting to be converted
#Binance Coin Pro-Arguments Below is a Binance Coin pro-argument written by dexe678. > My pro arguments for BNB are that, first of all, it's a must-have in your portfolio if you're using Binance: > > \- BNB vault : where you can stake your BNB for a small APY (0.35% currently), but once a new launchpool starts, you'll start accumulating new token available there. The APY is, since I joined Binance, pretty nice, I would say around 5-10%. With the launchpool, you'll receive those new tokens, and as every crypto, they can boom or get doomed :) . > > \- Launchpad : basically, let you buy new token before they get listed on Binance at a discount price. Last one was Stepn (GMT token), where you could buy the token for around $0.01. When GMT token was listed, price was around 0.15 so if you sold at that time, you already did a 1500% profit. Now sitting at 0.72, +7200%. You need to hold a high amount of BNB to benefit the more of this program, as only a portion of your BNB can be used to purchase those tokens in the launchpad program. So the more BNB you hold, the more return you'll make with this. > > \-Binance Card : Binance offers a Visa card, with cashback up to 8% on every purchase you make with the card. Once again, the more BNB you hold, the more cashback you can get, eg. if you hold 1 BNB, you'll be eligible for 2% cashback, 10 BNB offers 3%. To get 8%, you'll have to hold 600 BNB. The cashback you'll get will be paid in BNB, which you can hold to try to get an higher level of cashback, and have more to participate to the next launchpad/launchpool, or just swap/convert it to your preferred crypto. > > Binance pay : it lets you pay for good and services with your BNB, eg. pay for an hotel or even send money to a friend. > > \-Fees: if you have some BNB in your SPOT account, you can pay for every fees when you make an order with BNB, and save 25% on fees. > > \-dust convert : it let you convert any dust amount of crypto you might have after trading or withdrawing to your preferred wallet to BNB. Fees apply obviously, but at least you can do something with those 2 cents of xxx tokens instead of leaving them on your spot account. Since you pay your trading fees with BNB, those few cents cumulated can maybe be used to pay for the fees of your next order. > > > Now those are pretty cool, but what if you're not using Binance? > > Well, since its launch in 2017, BNB has been on the rise. In about 5 years, it is around 1,000,000% up. The real rise happened last year during the bull market, when on January 1st 2021, its price was sitting around $38 and went up to $686.31 in 2021 may (info from coingecko). Now we know how the market was last year, with a pretty good start of the year, a fall in may-august, then an uptrend until November, and a fall again. Even with all those events, BNB had performed very well, and managed to climb to the 3rd spot of cryptocurrencies by market cap (stable coin excluded). It has been pretty stable and is holding his seat pretty well since then unlike some other top 10 crypto. > > Last be not least, BNB can be used on DEX, Pancake swap being the preferred option there, where you can use your BNB and swap them for any token available there. Swap fees, transfer fees will be paid in BNB as BNB is the native token of the BNB chain. Fees are pretty low though. BNB is supported on a variety of wallet like Ledger, Trezor, Metamask or Trust wallet. With the last one, you have also the possibility to stake your BNB directly from the wallet. > > Thank you for coming to my Ted talk about BNB. Now, I'm gonna copy and send this to Binance and expect them to reward me generously :) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_binance_coin) to find submissions for other topics.
If Blackrock is putting forward a SPOT BTC ETF, it means they see the potential. Blackrock is a famous company, and we're talking about one of the largest financial institutions ever.If BlackRock wants something, they can make it happen. What Larry Fink and BlackRock want, they usually achieve.
Has it really taken me this long to learn what SPOT stands for? lol thank you
#Binance Coin Pro-Arguments Below is a Binance Coin pro-argument written by dexe678. > My pro arguments for BNB are that, first of all, it's a must-have in your portfolio if you're using Binance: > > \- BNB vault : where you can stake your BNB for a small APY (0.35% currently), but once a new launchpool starts, you'll start accumulating new token available there. The APY is, since I joined Binance, pretty nice, I would say around 5-10%. With the launchpool, you'll receive those new tokens, and as every crypto, they can boom or get doomed :) . > > \- Launchpad : basically, let you buy new token before they get listed on Binance at a discount price. Last one was Stepn (GMT token), where you could buy the token for around $0.01. When GMT token was listed, price was around 0.15 so if you sold at that time, you already did a 1500% profit. Now sitting at 0.72, +7200%. You need to hold a high amount of BNB to benefit the more of this program, as only a portion of your BNB can be used to purchase those tokens in the launchpad program. So the more BNB you hold, the more return you'll make with this. > > \-Binance Card : Binance offers a Visa card, with cashback up to 8% on every purchase you make with the card. Once again, the more BNB you hold, the more cashback you can get, eg. if you hold 1 BNB, you'll be eligible for 2% cashback, 10 BNB offers 3%. To get 8%, you'll have to hold 600 BNB. The cashback you'll get will be paid in BNB, which you can hold to try to get an higher level of cashback, and have more to participate to the next launchpad/launchpool, or just swap/convert it to your preferred crypto. > > Binance pay : it lets you pay for good and services with your BNB, eg. pay for an hotel or even send money to a friend. > > \-Fees: if you have some BNB in your SPOT account, you can pay for every fees when you make an order with BNB, and save 25% on fees. > > \-dust convert : it let you convert any dust amount of crypto you might have after trading or withdrawing to your preferred wallet to BNB. Fees apply obviously, but at least you can do something with those 2 cents of xxx tokens instead of leaving them on your spot account. Since you pay your trading fees with BNB, those few cents cumulated can maybe be used to pay for the fees of your next order. > > > Now those are pretty cool, but what if you're not using Binance? > > Well, since its launch in 2017, BNB has been on the rise. In about 5 years, it is around 1,000,000% up. The real rise happened last year during the bull market, when on January 1st 2021, its price was sitting around $38 and went up to $686.31 in 2021 may (info from coingecko). Now we know how the market was last year, with a pretty good start of the year, a fall in may-august, then an uptrend until November, and a fall again. Even with all those events, BNB had performed very well, and managed to climb to the 3rd spot of cryptocurrencies by market cap (stable coin excluded). It has been pretty stable and is holding his seat pretty well since then unlike some other top 10 crypto. > > Last be not least, BNB can be used on DEX, Pancake swap being the preferred option there, where you can use your BNB and swap them for any token available there. Swap fees, transfer fees will be paid in BNB as BNB is the native token of the BNB chain. Fees are pretty low though. BNB is supported on a variety of wallet like Ledger, Trezor, Metamask or Trust wallet. With the last one, you have also the possibility to stake your BNB directly from the wallet. > > Thank you for coming to my Ted talk about BNB. Now, I'm gonna copy and send this to Binance and expect them to reward me generously :) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_binance_coin) to find submissions for other topics.
#Binance Coin Pro-Arguments Below is a Binance Coin pro-argument written by dexe678. > My pro arguments for BNB are that, first of all, it's a must-have in your portfolio if you're using Binance: > > \- BNB vault : where you can stake your BNB for a small APY (0.35% currently), but once a new launchpool starts, you'll start accumulating new token available there. The APY is, since I joined Binance, pretty nice, I would say around 5-10%. With the launchpool, you'll receive those new tokens, and as every crypto, they can boom or get doomed :) . > > \- Launchpad : basically, let you buy new token before they get listed on Binance at a discount price. Last one was Stepn (GMT token), where you could buy the token for around $0.01. When GMT token was listed, price was around 0.15 so if you sold at that time, you already did a 1500% profit. Now sitting at 0.72, +7200%. You need to hold a high amount of BNB to benefit the more of this program, as only a portion of your BNB can be used to purchase those tokens in the launchpad program. So the more BNB you hold, the more return you'll make with this. > > \-Binance Card : Binance offers a Visa card, with cashback up to 8% on every purchase you make with the card. Once again, the more BNB you hold, the more cashback you can get, eg. if you hold 1 BNB, you'll be eligible for 2% cashback, 10 BNB offers 3%. To get 8%, you'll have to hold 600 BNB. The cashback you'll get will be paid in BNB, which you can hold to try to get an higher level of cashback, and have more to participate to the next launchpad/launchpool, or just swap/convert it to your preferred crypto. > > Binance pay : it lets you pay for good and services with your BNB, eg. pay for an hotel or even send money to a friend. > > \-Fees: if you have some BNB in your SPOT account, you can pay for every fees when you make an order with BNB, and save 25% on fees. > > \-dust convert : it let you convert any dust amount of crypto you might have after trading or withdrawing to your preferred wallet to BNB. Fees apply obviously, but at least you can do something with those 2 cents of xxx tokens instead of leaving them on your spot account. Since you pay your trading fees with BNB, those few cents cumulated can maybe be used to pay for the fees of your next order. > > > Now those are pretty cool, but what if you're not using Binance? > > Well, since its launch in 2017, BNB has been on the rise. In about 5 years, it is around 1,000,000% up. The real rise happened last year during the bull market, when on January 1st 2021, its price was sitting around $38 and went up to $686.31 in 2021 may (info from coingecko). Now we know how the market was last year, with a pretty good start of the year, a fall in may-august, then an uptrend until November, and a fall again. Even with all those events, BNB had performed very well, and managed to climb to the 3rd spot of cryptocurrencies by market cap (stable coin excluded). It has been pretty stable and is holding his seat pretty well since then unlike some other top 10 crypto. > > Last be not least, BNB can be used on DEX, Pancake swap being the preferred option there, where you can use your BNB and swap them for any token available there. Swap fees, transfer fees will be paid in BNB as BNB is the native token of the BNB chain. Fees are pretty low though. BNB is supported on a variety of wallet like Ledger, Trezor, Metamask or Trust wallet. With the last one, you have also the possibility to stake your BNB directly from the wallet. > > Thank you for coming to my Ted talk about BNB. Now, I'm gonna copy and send this to Binance and expect them to reward me generously :) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_binance_coin) to find submissions for other topics.
Of course its a FUTURES ETF and not a SPOT (still waiting for btc spot but fine) Also in the midst of the Evergrande Bankruptcy. Took the wind out of the ol sails did ya Gary?
#Binance Coin Pro-Arguments Below is a Binance Coin pro-argument written by dexe678. > My pro arguments for BNB are that, first of all, it's a must-have in your portfolio if you're using Binance: > > \- BNB vault : where you can stake your BNB for a small APY (0.35% currently), but once a new launchpool starts, you'll start accumulating new token available there. The APY is, since I joined Binance, pretty nice, I would say around 5-10%. With the launchpool, you'll receive those new tokens, and as every crypto, they can boom or get doomed :) . > > \- Launchpad : basically, let you buy new token before they get listed on Binance at a discount price. Last one was Stepn (GMT token), where you could buy the token for around $0.01. When GMT token was listed, price was around 0.15 so if you sold at that time, you already did a 1500% profit. Now sitting at 0.72, +7200%. You need to hold a high amount of BNB to benefit the more of this program, as only a portion of your BNB can be used to purchase those tokens in the launchpad program. So the more BNB you hold, the more return you'll make with this. > > \-Binance Card : Binance offers a Visa card, with cashback up to 8% on every purchase you make with the card. Once again, the more BNB you hold, the more cashback you can get, eg. if you hold 1 BNB, you'll be eligible for 2% cashback, 10 BNB offers 3%. To get 8%, you'll have to hold 600 BNB. The cashback you'll get will be paid in BNB, which you can hold to try to get an higher level of cashback, and have more to participate to the next launchpad/launchpool, or just swap/convert it to your preferred crypto. > > Binance pay : it lets you pay for good and services with your BNB, eg. pay for an hotel or even send money to a friend. > > \-Fees: if you have some BNB in your SPOT account, you can pay for every fees when you make an order with BNB, and save 25% on fees. > > \-dust convert : it let you convert any dust amount of crypto you might have after trading or withdrawing to your preferred wallet to BNB. Fees apply obviously, but at least you can do something with those 2 cents of xxx tokens instead of leaving them on your spot account. Since you pay your trading fees with BNB, those few cents cumulated can maybe be used to pay for the fees of your next order. > > > Now those are pretty cool, but what if you're not using Binance? > > Well, since its launch in 2017, BNB has been on the rise. In about 5 years, it is around 1,000,000% up. The real rise happened last year during the bull market, when on January 1st 2021, its price was sitting around $38 and went up to $686.31 in 2021 may (info from coingecko). Now we know how the market was last year, with a pretty good start of the year, a fall in may-august, then an uptrend until November, and a fall again. Even with all those events, BNB had performed very well, and managed to climb to the 3rd spot of cryptocurrencies by market cap (stable coin excluded). It has been pretty stable and is holding his seat pretty well since then unlike some other top 10 crypto. > > Last be not least, BNB can be used on DEX, Pancake swap being the preferred option there, where you can use your BNB and swap them for any token available there. Swap fees, transfer fees will be paid in BNB as BNB is the native token of the BNB chain. Fees are pretty low though. BNB is supported on a variety of wallet like Ledger, Trezor, Metamask or Trust wallet. With the last one, you have also the possibility to stake your BNB directly from the wallet. > > Thank you for coming to my Ted talk about BNB. Now, I'm gonna copy and send this to Binance and expect them to reward me generously :) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_binance_coin) to find submissions for other topics.
XRP SPOT ETF is what the world is waiting for, yes.