Altcoins have a pretty easy life in the crypto industry. They don't need ETFs or other fancy tools, they just need Bitcoin to take their weight and it will automatically boost altcoins beyond Bitcoin when it comes to cold hard gains.
That's why most noobs don't even bother with Bitcoin anymore. They just sit in whatever altcoin and wait for Bitcoin to move, and they gain more than when they would have invested in Bitcoin.
Can't really blame them since their only motive for being here is to scoop up profits. Bitcoin's higher price scares off retailers. Instead of a tiny chunk for $1000 they can buy hundreds or thousands of other coins.
Topic: [2018-07-15] Lack of Bitcoin-Based ETFs Challenges Cryptocurrency Investment (Read 141 times)
July 16, 2018, 06:55:23 PM
July 15, 2018, 04:56:09 AM
With the decision on whether a cryptocurrency-based exchange traded fund (ETF) will ever launch in the U.S still sitting firmly with the Securities and Exchange Commission (SEC), experts continue to speculate on the market and its potential.
Full article on Bitcoinist
Full article on Bitcoinist
Jump to: