I thot we would be expecting more funds to join in and list their ETFs, bro ?

Because as the bandwagon grinds fwd, more institutions, fund mgrs, pension funds, etc,... not forgetting my wealth mgrs too,... all will 'be forced' to hold these ETFs in their portfolios.

I don't know abt crypto etfs,... and I haven't heard of any. But I think if spot Bitcoin etfs can succeed, then altcoin etfs will be approved sooner or later.

We will start with Bitcoins first because this is the oldest crypto.

If etfs are listed, sooner or later, options will be issued onto these etfs as well,... right, bro ? But that's provided the liquidity is there.

But frankly,... what do you guys think ? Will Spot Bitcoin etfs succeed ?

Will there be more takers for Bitcoins and these etfs after the listing of Spot Bitcoin etfs ?

Thank you for your comments and inputs, bros,...

Based on John's diagram, looks like Hashdex ($DEFI) dropped to the lowest at Friday's close,... Thot $DEFI was holding-up high all the time. Bitwise is cheapest in terms of Annual Mgmt Fee,..... but looks like not many people believed in it. and Bitwise is also cheapest in price, I recalled,.. only $2+.

I bought $ARKY, $BITO and $BTM just before the SEC approval, and I was sure the approval would come through.

I bought $DEFI on Friday night. Now in the red,....

...clear words, bro,... thank you,...

To my bolded words above, when people invest in these Bitcoin etfs, the etfs MUST BUY Bitcoins thru a third-party to increase its holdings of Bitcoins. Hence,....there will be more demand for Bitcoins,... raising the price of Bitcoins,....

What is the next deadline ?

Nobody can say what will happen in future. We look at present data to gauge what may happen in future, and then we position ourselves to face the challenges 'to our advantage'.

As of now, I believe we can only try to trap the funds being remitted back to Msia to impose tax on,... but not to tax on all foreign income earned outside of Msia.

Edited by adding : In-ctry-wise, we will try to tax on all income sources as much as possible,...

This post has been edited by Hansel: Jan 19 2024, 03:58 PM

Why nobody talking abt BTC Spot ETFs ?

Thank you for all earlier replies, bros,...

I am playing 'in both directions', bro Medufsaid,....I bought-in on 'BITI' and am now at 16.23% RED.

Too bad,... I took profit on many spot BTC etfs earlier, thinking that BTC price would reverse,... I have left ONLY 'IBIT' now, at 36.62% GREEN.

With BTC price breaking new highs everyday,.....................

Shld I buy-up any etfs again,... average down on 'BITI' more to capture on the pullbacks,... can't decide what to do,..............

And I've got a new gf distracting me !!!!!!!!!! ,..... can't concentrate,...


Edited by adding : what would you guys do if you're in my situation ? I still have USDs standing-by to deploy,...

This post has been edited by Hansel: Mar 13 2024, 04:04 PM

Bank of America clients have started selling-out their hldgs after the last three weeks of mkt rise. Reason for this selling-out is because of uncertainty if the mkts will rise further...

Yes,... DeepSeek is using the cheaper H800 GPUs manufactured by NVDA. Then,... wouldn't it be esier to kill-off DeepSeek ? Just enforce export controls on these H800 GPU's going to China,.... then no low-capex AI servers can be produced anymore,... or perhaps just limited numbers can be produced.

NVDA will still get to sell the lower range H-series of GPUs, won't die.

Perhaps shld start averaging down now,.... holding NVidia at 129.021 bought on July 8th 2024.

Probably I bought earlier,... but entered into records on tracking platform on the abovesaid date.

Emm,... frankly, it's not patience,... I forget abt these holdings because I spend most of my time in the SGX, learning and tweaking to get best and growing and safest dividend payouts. Then the other normal things happened in my life,... family, children, etc.

Still doubtful that this man would want to be known as the President who caused a US Recession.

The moment China agrees to sell TikTok to an American entity, Trump will reduce tariffs to China, mkts will recover.

I already knew China wouldn't agree when they hit back with 34% tariff. But DT really wanted TikTok,... and now playing for time,.... praying that the CCP will agree in future. Kinda malu-lar this fella,... But that's just my opinion.

You guys know when to start buying the dip ?

Follow Donald Trump in X,........

Standby to deploy,... listen to news,... ETFs and Gold can fall too,... and you may not have enough time to exit when the turn comes.

NVidia at USD85 is tolerable, bro,... just hold it,...

All 3+% and even 5+% green now, folks,............ what happened ? Bacos China pumped in stimulus, bought up stocks ?

Or something we don't know that's happening now,.....