*Complementary:
If the ETF is approved, this will be very good news for $ETH , but if it is not approved, the long term will have almost no effect.
If you already hold it, just be confident, don't rely too much on ETF news!!!
See original
$ETH Are ETFs as important as you think?
First of all, let me say my opinion, whether approved or not is not too important, even if it is not approved, it will not change the fact that ETH will explode again in this season. The simplest thing is, just look at $BTC over the years, how many times the ETF has been rejected but still develops normally.
There has been a lot of fud lately about ETH and the ecosystem has suffered a significant price drop. This is probably too normal for OG guys, but newbies seem a bit worried. I like to think a little bit like a conspiracy theory:
- Let's think about whether the big forces deliberately fudge and lower the price to quietly collect ETH? When BTC was about to be approved for an ETF, the media mentioned it a lot, fomo followed, and ETH applied for an ETF, which was the exact opposite, partly because BTC's position was too large compared to ETH. It is very possible that by the time ETH is approved for an ETF, the price movement will be very different.
For me, if I had to choose a coin to hold for many years to come, besides BTC, ETH would definitely be the first choice. Anyone who already holds ETH should have confidence, it doesn't really matter whether the ETF is approved or not.
*Note: The Sell orders in the image below are me selling ETH to collect more Altcoins, not because I no longer love ETH! 😂
#Ethereum✅ #Binance
First of all, let me say my opinion, whether approved or not is not too important, even if it is not approved, it will not change the fact that ETH will explode again in this season. The simplest thing is, just look at $BTC over the years, how many times the ETF has been rejected but still develops normally.
There has been a lot of fud lately about ETH and the ecosystem has suffered a significant price drop. This is probably too normal for OG guys, but newbies seem a bit worried. I like to think a little bit like a conspiracy theory:
- Let's think about whether the big forces deliberately fudge and lower the price to quietly collect ETH? When BTC was about to be approved for an ETF, the media mentioned it a lot, fomo followed, and ETH applied for an ETF, which was the exact opposite, partly because BTC's position was too large compared to ETH. It is very possible that by the time ETH is approved for an ETF, the price movement will be very different.
For me, if I had to choose a coin to hold for many years to come, besides BTC, ETH would definitely be the first choice. Anyone who already holds ETH should have confidence, it doesn't really matter whether the ETF is approved or not.
*Note: The Sell orders in the image below are me selling ETH to collect more Altcoins, not because I no longer love ETH! 😂
#Ethereum✅ #Binance
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ETH
3,888.89
-0.64%
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