Revealed at 6000 dollars in 2018, the oscillation of the stock market index of Bitcoin puzzles investors who question the beneficial or malignant nature of this situation. Very successful in 2017, the acceleration of investment has been slowed down by a course close to 8000 dollars before falling again brutally to less than 6000 dollars in the space of a few months. The Canadian Rivemont Crypto Society give its opinion to the public by describing this situation as timely, here are the details.
A decisive figure that has no cause for alarm
Most investors in Bitcoin know by heart the unmanageable trend of this cryptocurrency queen. In 24 hours, speculators can turn the investment ground of crypto-assets into a real minefield that can range from 15% to 60% from top to bottom, which is very dangerous for novices. However, Exchanged Traded Funds (ETFs) are used to determine the general trend and to ease the tension.
Such a fall has never tempered the meticulous minds of investors, moreover the withdrawal of some large funds in the cryptocurrency market is not as surprising as it seems . Nevertheless, the introduction of the new triggers and the approval of the ETF will not delay in putting back the users after this small stagnation, which could be qualified as moment of reflection.
What are we waiting for?
Check backwards when Bitcoin inflation is not easy; if we are not close to the stock market system. Indeed, under a listed action are hiding many insatiable speculators who outbid at will to influence the curve up tables, but this rise is likely to fall with unprecedented virulence. The introduction of ETFs will thus allow the reality of the change to be monitored, as they are based on real and verifiable indices, calculated on the actual number of securities in circulation and are therefore more transparent. ETFs attached to Bitcoin can determine the exact situation of the market, the expectation is then based on the information determining the numbers that these indicators will reveal, if the trend is timely or risky . Canadian society does not hide its current indeterminacy in the face of the situation, but reassures itself with the solid holding of the course at $ 6,000 which is quite stable for his taste. For now, investors in general are waiting for market regulators to intervene to put a positive trigger on Bitcoin or altcoins.
What do you think Bitcoin ETFs can do to influence the exact market situation? Comment in the comments section below.
Posted from my blog with SteemPress : https://infos.link/at-6000-dollars-the-bitcoin-investors-are-on-the-lookout/