A Bitcoin ETF Leading Indicator? Altcoins bleed out to BTC



Bitcoin has been slowly however absolutely gaining constructive momentum just lately, with altcoins bleeding out in BTC ratios. How lengthy will Bitcoin proceed to regain dominance within the cryptoasset market from altcoins?

One huge facet of Bitcoin’s latest buying and selling motion can be the anticipation/hypothesis round a BTC ETF. Let’s check out the $GBTC premium over BTC spot worth and why that may be a superb indicator to regulate.

Shout out to @CarpeNoctom for the inspiration and knowledge! Right here is the char that was proven, throw Carpe a observe!

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28 comments

  1. Shout out to @CarpeNoctom for the inspiration and data! Here is the char that was shown, throw Carpe a follow!
    https://twitter.com/CarpeNoctom/status/1021471547410866176

  2. I dont get the point Bobby. If you look in the past you see the premium drop like a stone., implying there would be an ETF, at least according to the markets. But they were wrong. So what is to learn here? The thing i picked up here is that gbtc premium is not working for fortelling the ETF future… What i am i missing here?

  3. how is brave browser working for you bobby?

  4. How do I get a job programming Blockchain? That is the main reason I watch this channel. You found a way to work in this industry. I’m looking to change focus from web designer to Blockchain.

  5. These utility tokens are going to take time. Im still holding on to the coins that are currently working like ncash and pundi x these are in use in the market place. I’m playing with nano a bit.

  6. You could take a look at "APEX" (CPX), ranked as the Top Artificial Intelligence Company by China Internet Weekly, and which partnered with one of the largest government backed big data platforms in China ! There is so much other good stuff about this hyper undervalued coin… Supernodes, utility token, wallet and mainnet coming soon ! Hope you'll take a look at this gem ! Cheers

  7. Great channel! thank you! if you were a HODLer and not a trader would you buy BTC now?

  8. This is temporary and the 'good' alts, particularly 'proof of stake' will be where it's at in the not to distant future IMO.
    But WTF do I know!

  9. All need use it!!!
    🔴How to make money using bitcoin?! Соме то му c h a n n e l

  10. ETF is delayed, not a bad thing. Think about it, does bitcoin really need an ETF? Or will it just lock down a % subject to institutional manipulation. As for PoS, isn't it just a POS? Doesn't seem to be working. lol

    Peace

  11. Thanks again for doing the videos shorter and with more quality content!! Love it

  12. Meanwhile Maidsafe for example is doing really well. Doubled since April and speeding up. They are releasing more and more good news after years of 'silence'

  13. as of this moment BTC is at 8264 $ do you guys think this is the beginning of another crazy run like the one of last year when it hit 20 k or just a normal up and down ?

  14. What happens to $GBTC if there were to be an ETF setup?

  15. Masari(MSR) has found some price support at ~0.00006100; good time to get into a project if you missed out on Monero. (Their upstream/downstreaming together) at only $.55~

  16. What do you think about Stellar Lumens (XLM)?

  17. HEEEJ Bobby!! Big greetings from the other side (australia). Cheers Joakim Holmer

  18. They use ETF's to keep Gold and Silver Down. So it is a toss up!

  19. I like approximately 50/50 weight to Bitcoin to Alts… good rule of thumb. It's perfect. I am wondering what My Vechain will be worth soon.

  20. plan with IF ELSE.. works best.. I also think that ETF speculation is more or less gambling..
    Good news in good market.. yep.. goes up.. however one news cannot move the market… cannot tip it.. you need to have everything ready for the tipping point.. then that's just the match that starts the fire.. Right now there is not enough wood .. we need more time.. To soon and really bad timing – mid August is dead ..

  21. Great video thanks, So many people on here & social media excited about the markets now, but why not be involved when the markets when low and you could have benefited even more? Good times ahead though as i have always said, its not even started yet.. 🙂 .

  22. Clearly GBTC market anticipation of ETFs was wrong in the past, so why would it be a good indicator now?

  23. Solid stuff Bobby. I will say, this CBOE proposal has less (although still noticeable) affect on GBTC than previous proposals. If CBOE proposal gets passed, it is still cost prohibitive to peasants like myself to buy a single share(~$200k depending on price, since BTC would likely rise on such bullish news it may quickly be $400k to get skin in the game). Meanwhile, for just $10 I can put some of my IRA money into "bitcoin" pretty easily with GBTC. I had previously thought that GBTC was inferior because they didn't hold any actual Bitcoin. Thanks for prompting me to look into that again. It seems the major advantage an ETF would have is lower fees and would be traded on major exchanges vs GBTC which is only OTC market. -Your favorite XRP hodler