Everybody wants to see lots of money in short periods of time.
Unfortunately, the stock market doesn’t often hear these prayers.
Cryptocurrency trading, however, is as much of a treasure trove as it is a risk.
You can make thousands in days, and then lose it in hours.
But with this new development on the horizon, your gains could be triple that of an average bitcoin investor, without the risk.
All you have to do is pay attention.
An exchange-traded fund, or ETF, is a common thing in the stock market.
Comprised of a bundle of related stocks, ETF movements smooth out the prices of a sector, or industry, or niche of interest.
Talks of a bitcoin ETF have been percolating for some time, but the Securities and Exchange Commission (SEC) isn’t likely to allow it to just run free.
The SEC is wary of cryptocurrency trading because the bitcoin market is decentralized. Untouchable. Uncontrollable.
The SEC has delayed voting on the approval of several different bitcoin ETFs over the past few years.
They’re afraid of what an ETF might mean, but you and I know that it means profits.
A bitcoin ETF would bring awareness of cryptocurrencies to more traditional markets.
Traders that may not know what bitcoin is will have a chance to get in on the action, and contrary to what you might think, that’s a good thing.
Bitcoin has surpassed the royal wedding, election results, and Kim Kardashian in the number of times it has been Googled in the past year.
That means exposure. An ETF on platforms new to crypto would mean the same.
The price of bitcoin has tripled since the start of this year. Previous data shows that public awareness has correlated with price hikes in the past.
As more people learn about bitcoin, your stake will increase by default.
This system is all a circle too.
One of the main reasons the SEC has yet to approve a bitcoin ETF is due to the lack of liquidity in its market.
With more buyers brought by public awareness, and with the ETF itself, that liquidity will undoubtedly increase.
Insiders in the SEC also say that continuing to reject crypto ETFs is bad for their image.
One went as far to say that they should stop rejecting innovation, and that she thinks the bitcoin ETF will be approved within the year.
The next SEC decision deadline is August 19, but it’s likely to be pushed back as far as possible to October 18, 2019.
Since we’ve caught this early, there’s still time for you to get your ducks in a row.
There won’t be overnight profits on this one, but you, in all your wisdom, know that it’ll be worth the wait.
Bitcoin (and cryptocurrencies in general) are dismissed due to their wild fluctuations, but we’re about to shock disbelievers with how smooth these prices will be.
You may ask: why bother investing in bitcoin ETFs that don’t exist yet when there are perfectly good bitcoin investment trusts already on the market?
Because if you thought bitcoin was unstable, you haven’t seen these trusts. They also come with several drawbacks for the usual investor.
First of all, shares trade at a premium to normal prices (sometimes up to 20% higher).
Second, your capital is locked in the trust for an entire year.
If BTC sees a huge price jump and you’re ready to go to cash, trusts like Grayscale Investments (GBTC) will laugh in your face. Your money is theirs until they say otherwise.
Another benefit of an ETF is the possibility of a leveraged ETF in the future.
A leveraged ETF is designed to multiply the gains or losses in a particular existing ETF.
If a bitcoin ETF were to become leveraged in the future, you’re looking at triple the gains of a run-of-the-mill investor.
While everyone else is still scratching their heads trying to figure out crypto, you’ll be first in line to cash out. Bitcoin jumps have brought hundreds of thousands of dollars to keen investors like you.
One other very important thing should convince you to get on this now.
FOMO is a common term used to mean “fear of missing out.” When stories emerge of stocks on the rise, investors late to the party will buy in even if the prices are sky-high already.
This influx of buyers drives the price up even more. And for you, who got in on the ground floor, that means riding steadily up their wave of fear into insane profits.
Thank you.
Thank you
Your information is excellent. I am getting a better understanding. Knowledge is power.
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