Everyone wants these spot ETF’s for whatever short-term gain it can potentially bring, if it even does at this point, but they’re missing the bigger picture of what this entails.
You can wave goodbye to the bull runs you’ve seen. More liquidity will likely lead to more stability. Traditional investors can barely stomach stock market declines, let alone -90%’s we see in crypto.
It’s also creating the transition of ownership of coins in your possession, one of the original selling points of crypto (be your own bank), to ownership in the hands of more centralised sources.
Most of us use centralised exchanges anyway so would rather better protection, but it does officially mark the transition to a government/banker controlled network.
This likely means the exchanges will also have to be in their control for complete oversight of the system.
Pros and cons. Don’t be blinded by your desires of any potential short-term ETF effects to forget about the transition that will follow for crypto. A cost of mainstream adoption.
Random late night thoughts.
Next week, i am starting a challenge called #BeckerChallenge. I will take his advice below and let you know how my life changed. (The IF i dont have to mention because it will) @ZssBecker is a inspiring person, he was one of the main reasons i joined @NeoTokyoCode.
It's a pleasure to have such a beautiful lady and fellow supporter in our community! 🍀
We're looking forward to learning new things from you and spreading amazing energy! ⚡️
Greetings to my @EncryptedGods_ Twitter crew 💥
I’m glad to be part of this thriving community and share #web3 knowledge, chat and soak in amazing energy of people with the same interest!
To the moon! 🚀
Been a while since I've shared a view from the best office ever. I remember we talked couple of years ago regarding aviation @zfcyanide
I've seen you hitting that Microsoft Flight Simulator hard, let me know if you need a Right Hand Seat Co-Pilot for A320 ✋💪
Elon has announced content monetization. This is going to change Twitter forever
The people who take advantage of this early will make life changing money
Here are 5 simple steps you need to take NOW that will make sure you can make big money when monetization launches:
Last night this Bored Ape sold for 10 ETH. The buyer sold the ape for 71 wETH in the same transaction, but only walked away with 20 ETH after everything. Why was their profit here so low, and how did they execute this?
Let's break down what happened 🧵
BREAKING CRYPTO SAVING EXPERT NEWS! 💥
We strive to do our part for the #crypto community 🚀
LIKE ❤️ & RETWEET ♻️ TO BE ENTERED INTO OUR DAILY $10 #BITCOIN GIVEAWAY!
Join our Mailing list to stay up to date! 👇
https://t.co/HMtRoYFeCT
WATCH THE VIDEO! 👇
Proudly an owner of this awesome NFT 🍀🔥 Met this guys at @tmrwconf, BE SURE to check their project out, it has so much potential, as they're bringing next level things to the Metaverse! Thank you once again guys, you rock! 🍀🍀🍀🍀
#NFTgaming#NFTCommumity#cryptocurrency
You've been hearing about @MetisDAO and want to try it out, but you don't know how to buy/bridge $METIS w/o interacting with Ethereum / $ETH gas fees?
It's ur lucky day!
🧵Thread on how to buy $METIS and bridge it to Andromeda paying LESS THAN $10 in TOTAL fees👇
Vamos (1/14)