The most terrible day in my Crypto life happened yesterday. I lost 5000usd which is half of my portfolio. 🥲 i will keep the rest of my portfolio here. lets see in few months. i think crypto will fall further. Bye friends. i wont right here again
Bitcoin holds several unique features compared to traditional currencies and financial systems:
1. **Decentralization**: Bitcoin operates on a decentralized network without a central authority like a government or a bank. Transactions are verified by network nodes through cryptography and recorded on a public ledger called a blockchain.
2. **Limited Supply**: Unlike fiat currencies that can be printed endlessly, Bitcoin has a finite supply. There will only ever be 21 million bitcoins, which helps create scarcity and potentially influence its value.
3. **Security**: The blockchain technology underlying Bitcoin employs robust cryptographic techniques, making it highly secure. Once a transaction is confirmed and added to the blockchain, it's almost impossible to alter it.
4. **Anonymity and Transparency**: While transactions are recorded on the public blockchain, they are pseudonymous. Users' identities are not directly linked to their Bitcoin addresses, providing a degree of privacy. However, all transactions are visible on the blockchain, ensuring transparency.
5. **Global Accessibility**: Bitcoin can be sent or received anywhere in the world, enabling borderless transactions without the need for intermediaries like banks or financial institutions.
6. **Volatility**: Bitcoin's value is known for its volatility, which can result in substantial price fluctuations within short periods. This volatility can present both opportunities and risks for investors.
These aspects make Bitcoin unique and have contributed to its widespread adoption and interest in the world of finance and technology.
Predicting the probability of a Bitcoin spot ETF approval in the U.S. is tricky, as the SEC's decision-making process can be opaque and influenced by various factors. However, based on recent developments and expert opinions, here's an overview of the current situation:
Positive indicators:
Increased pressure & urgency: Several applications for spot ETFs are nearing deadlines for a decision, adding pressure to the SEC.
Shifting sentiment: Some SEC officials have recently shown openness to approving spot ETFs, indicating a potential change in stance.
Market anticipation: Strong anticipation for approval has been building, potentially influencing the SEC's decision.
Technical advancements: Improved custody solutions and regulatory frameworks address some of the SEC's previous concerns.
Negative indicators:
Outstanding concerns: The SEC still has concerns about market manipulation and investor protection regarding Bitcoin.
Conservative track record: The SEC has historically rejected several Bitcoin ETF applications.
Political dynamics: Regulatory and legal challenges might still delay or obstruct the approval process.
Estimates from experts:
High probability: Some analysts, like Eric Balchunas from Bloomberg, give a "very high probability" for approval in early 2024.
Moderate probability: Others, like Vetle Lunde from K33 Research, put the chances at around 90%.
Low rejection risk: Even those expecting delays (e.g., Grayscale's Michael Sonnenshein) believe an outright rejection is unlikely.
Overall:
While the exact timing and outcome remain uncertain, the current climate seems more favorable than ever for a Bitcoin spot ETF approval in the U.S. The odds appear tilted towards approval, even if there might be some additional delays or adjustments.
However, remember that these are just estimations, and the final decision rests with the SEC. It's crucial to stay informed about the latest developments and conduct your own research before making any investment decisions based on this information.