猫哥的快乐生活

If your heart is not strong enough, please split your position and buy coins that you think are valuable. When the bull market comes, everyone else makes money, but you don’t. In fact, you lose in the "Game of Hearts". The banker didn’t cut you off. I didn't feel strong enough and cut it off myself. After buying, don’t think about using your own rich money to invest instead of taking out a loan, etc. Investment is a spiritual practice, and it is not about your heart that you can’t wait to see 20 times a day after investing to see whether you have made a profit or a loss. In that case, you will never be able to get it. Live any coin. You clearly know that the general trend is upward, so why do you still go back and forth on the channel to cut yourself off? It’s very painful. All say, if you cultivate your mind well, your heart will be strong enough. If you can’t take money with you from birth to death, you should cultivate your mind. Then your results will not be bad.

The U.S. Securities and Exchange Commission (SEC) gave the green light to Bitcoin spot exchange-traded funds (ETFs) on Wednesday (January 10), and 11 ETFs were approved to be listed and traded starting from Thursday (January 11) local time. is a game-changing step for the cryptocurrency industry. The crypto industry has been trying to launch such a product for over a decade. In 2013, the Winklevoss Bitcoin Trust submitted the first Bitcoin ETF application, and many asset managers subsequently followed suit, but the SEC rejected these proposals on the grounds that they were vulnerable to market manipulation. These efforts reached a turning point last August, when the U.S. Court of Appeals for the D.C. Circuit held that the SEC erred in rejecting cryptocurrency fund Grayscale Investments’ application for a Bitcoin spot ETF, calling the SEC’s decision “arbitrary and Capricious” and failed to explain its different treatment of Bitcoin futures ETFs and spot ETFs, forcing the SEC to reconsider its stance. Finally, after a long period of mediation between the crypto market and the SEC, the SEC made a compromise on Wednesday and approved Bitcoin spot ETFs from 11 issuers including ARK Investments, BlackRock, Fidelity, Invesco, Bitwise, and Grayscale. application, and the SEC has approved the listing of these ETFs through expedited mode, with trading expected to begin as early as Thursday. The launch of the Bitcoin spot ETF has undoubtedly changed the rules of the game for Bitcoin, allowing institutional and retail investors to gain exposure to the world's largest cryptocurrency by market value without directly holding Bitcoin. How will ETFs work? From the operating model, issuers will purchase physical bitcoins from cryptocurrency exchanges and store them with custodians such as Coinbase Global, who will then issue ETFs. The Bitcoin ETFs will be listed on Nasdaq, the New York Stock Exchange and the Chicago Board Options Exchange and are expected to begin trading as early as Thursday. Issuers also compete fiercely in terms of fees. Generally speaking, issuers plan to charge fees of 0.2% to 0.8%, which is far lower than the average level of the overall ETF market. The lowest rate comes from Bitwise Asset Management, which charges just 0.2% annual expense rate. Moreover, some issuers, including Bitwise, ARK 21Shares, and Invesco, have even launched a “big move” and plan to completely waive management fees for the first 1 to 5 billion US dollars of assets under management within six months.In addition, to address the SEC’s concerns about market manipulation, Nasdaq and CBOE have established a market surveillance mechanism with Coinbase, the largest cryptocurrency exchange in the United States. The Difference Between Bitcoin Spot ETFs and Futures ETFs The SEC approved the Bitcoin Futures ETF back in 2021, which tracks an agreement to buy and sell Bitcoin at a pre-agreed price. However, these products cannot accurately track price movements. In addition, futures ETFs often involve futures contract operations, and the cost of rolling futures contracts may affect returns, making many investors less interested in these products. Cynthia Lo Bessette, head of digital asset management at Fidelity, said that the latest product is different from the Bitcoin futures ETF approved in the United States in 2021, which invests in derivatives rather than the digital asset itself, while the spot ETF is for those interested in digital assets. Investors are provided with more options. Bessette noted, “We have always believed that spot-priced exchange-traded products (ETPs) would be an effective way for investors to gain exposure to Bitcoin, and as a company we remain committed to meeting the growing demand from investors to provide them with Supporting their instrument of choice and facilitating safe access to the market." What are the advantages over buying outright? There are usually several major risks associated with holding Bitcoin in a dedicated cryptocurrency trading account. First of all, if you buy Bitcoin directly, investors sometimes need to pay more than 1% of the purchase amount. In addition, some of these exchanges have poor network security records and are prone to hackers. Investors’ account passwords are also easy to lose. These The risk scares away many investors. The industry has also experienced a series of scandals before, including the storm of crypto exchange FTX, whose founder Sam Bankman-Fried was found guilty of fraud; Binance, the world’s largest cryptocurrency exchange, recently admitted to violating the U.S. Anti-money laundering laws. All of this has many investors continuing to be wary. In contrast, spot Bitcoin ETFs are listed on strictly regulated stock exchanges, allowing investors to gain exposure to Bitcoin prices through traditional stock account holdings without the complexity and risk of holding Bitcoin directly.Moreover, the structure of the ETF also increases the possibility of exposure to Bitcoin by institutional investors, some of whom are prohibited from investing directly in alternative assets. Products such as ETFs will attract large-scale funds to enter the market, thereby promoting the continued growth of the Bitcoin market. A spokesman for Cboe Global Markets said the ETF would provide investors with a "transparent and regulated" way to track the price of Bitcoin. An important step to establish itself as a tradable asset class, paving the way for new trading opportunities.” Pushing into the mainstream Overall, the approval of a spot Bitcoin ETF is a huge win for the cryptocurrency industry, raising the legitimizing the cryptocurrency industry and pushing Bitcoin further into the mainstream. At the same time, the long-term tug-of-war between the encryption industry and the SEC has come to an end. In this particular battle, the crypto industry can declare victory. David Mann, head of ETF products and capital markets at Franklin Templeton, said in an interview that it’s difficult to predict inflows in the first few days. He expected there to be "very much excitement" on day one, but said interest and investment might grow more slowly than people think. However, SEC Chairman Gary Gensler still maintains his cautious attitude towards encrypted digital assets such as Bitcoin. He said, “While we approved the listing and trading of certain Bitcoin spot ETP stocks today, we have not approved or endorsed Bitcoin. Investors should remain cautious about the myriad risks associated with Bitcoin and products with value associated with cryptocurrencies. "

1. Basic rules of investment: Don’t put your eggs in one basket. 2. Enter into separate positions and keep enough principal in the currency circle for emergency use. For example, when I invest, I like to divide my principal into 10 parts, and use 3_5 of my shares to invest in some valuable mainstream currencies. Of course, I didn't look at it when it was falling. I could bear it in my heart. If the money wasn't all my own, even if it was reduced to zero, it wouldn't hurt, so I could hold on to it. The remaining 3_5 shares in hand can be used for callbacks to cover positions or sometimes as risk reserves when extreme market conditions come. The currency circle is relatively fair. All consultations and news are available as long as you follow Twitter regularly. Everyone has almost the same starting point. It is not like the stock market's early news leaks and internal operations, etc., but of course the currency circle also has it, but the large news surface is still very fair. I wish all my friends in the encryption industry can earn their ideal pot of gold #BTC

As an old leek who has been playing in this industry for 8 years, my friend was confused at the beginning and entered the game with millions of dollars. I have been happy at times of profit and sad at times of loss. Now we are all relieved. At that time, my heart was not firm enough. After I held a large position, I didn’t want to do anything anymore, and I didn’t want to see the entity. I felt that I was the son of destiny, and that my strategy was invincible. (In response to the old saying, you can beat me 10 times but I will kill you. Only one time required). The ups and downs of this industry are why today’s sharing is called “Gambler” because I think the financial industry is also a big casino, where everyone’s humanity can be infinitely magnified. After experiencing so much over the years, I have come up with a few principles that I feel are very useful to me. [The currency circle is about concepts] You have to understand where the money in the market is, and you are the leader in the industry in that field. I went to NFT last year and I was among the earliest batch. It didn’t make any money at the beginning. Most of the time was spent on I wanted to study, and then when the popularity came, I took advantage of it and made a lot of money. In March this year, most people were not optimistic about inscriptions, but over the years I have been in this industry, I understand that this industry is all about concepts, so I chose to learn. I bought some inscriptions at that time and some of them were reset to zero, but some of them got the results now. So the way to make money in this big casino of the currency circle is basically to learn. Now, besides dragging BTC, I am basically learning new things. The cost of trial and error is very low and the cost of missing out is high.